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Employees tend to “rise to a level of respective incompetence,” being promoted “until their performance declines,” a report found.

The efficiency metric remained above a dreaded rate of 90% for multiple trucking firms.

The cost-cutting move will last through most of H2 as the carrier struggles amid a market downturn.

The deal could put the carrier on track to generate over 1 billion Canadian dollars in revenue annually.

ACT Research noted an 18-month freight recession is impacting firms’ capital.

Unlike last year, the agency also announced an increase to the contribution cap for individual retirement accounts.

Following a contracted Q2, the carrier faces difficulties this quarter but could see demand improve in Q4, CEO Mike Gerdin said.

The industry expects freight demand improvement and other positive economic trends this year.

“We remain very interested and, I would say, very active in the M&A world,” the executive told investors.

The U.S. has rolled out a deluge of tariffs, sparking responses from trading partners. Here's where each tariff – threatened or realized –...

The company is also preparing for a scenario in which states outside California could enact similar laws.

The OEM promoted 13-year company veteran Jim Walenczak to the role.

“Despite two consecutive years of record safety performance, our insurance premiums have more than doubled,” CFO and EVP John Kuhlow said.

David Jackson agreed to non-competition, non-disclosure and non-disparagement clauses, the company said.

LTL was the carrier's sole bright spot, bucking a trend of declining operating income across business areas.

Analysts noted terminals will play a central role in the company’s shutdown.

The standard for obtaining a CDL has become stricter for non-U.S. citizen drivers, which the industry sees as a positive move.

Investments helped the carrier reduce the average age of its trucks to 2.1 years, President Nathan Meisgeier said.

“Risks to employment have increased as the labor market cooled, while the upside risks to inflation have lessened somewhat,” Federal Reserve Bank of New...

A federal court concluded a five-year conflict in which owner-operators alleged improper wage deductions.

Brad Delco, SVP of finance, will assume the role of chief financial officer on Monday.

Marty Nordlund will shift into a business development role with the promotion of Eric Downing, SVP of its dedicated business.

The prevalence of a 50-to-55 cent per mile pay range rose for those with one and three years of experience.

Certain 2022–2023 VNL trucks may have excessively tightened fasteners that are broken, potentially creating road hazards, according to a recall notice.

Moving freight from coast-to-coast without stopping at a hub can help build scale, CEO Frederick Holzgrefe said.

Despite repayment challenges, trucking is seeing early signs of stabilization, the financial company’s chief revenue officer said.

The trucking group’s council aims to gather insights for best practices for recruitment and retention in the industry.

A final judgment of $92 million against the carrier, plus interest, is being covered mostly by insurance, according to a quarterly filing.

Matisse Long takes on the role, adding to his 23-plus years of overall experience, the company said.

U.S. Logistics Solutions faces a lawsuit from a former employee following its sudden closure last month.

The company’s TL operating ratio was 104.2% for the quarter.

Some have announced layoffs. Others hope to keep workers they’ve worked hard to recruit and plan to pursue other cost-cutting measures.

Marshall Witt previously served as SVP of finance and controller for the company.

Roughly 221,000 vehicles across 23 models from Paccar are affected, widening a recall by multiple OEMs connected to the supplier.

The move comes as the OEM sells its stake in a joint venture in Europe to focus on the North American market.