PennyGem on MSN
Ohio trucking empire collapses under $1.2B debt—2,150 jobs wiped out as freight recession turns fatal
The freight recession that began in 2022 has now claimed one of America’s oldest logistics operators. STG Logistics, a ...
Knight-Swift Transportation Holdings’ intermodal segment nearly hit a “breakeven” operating ratio in Q4, the carrier reported on Jan. 21. The company reported an adjusted operating ratio of 100.1%, a ...
Although the segment posted strong quarterly results, revenues for its largest business unit fell 3% to $1.55 billion.
Universal Logistics Holdings faces net losses with 65% of revenue from unionized automotive trucking and interest costs.
15th Annual Rail/Intermodal Roundtable: Seeking growth drivers amid big M&A questions The 15th Annual Rail/Intermodal Roundtable examines the current state of the U.S. rail and intermodal markets, ...
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