Dan Ronan
Dan Ronan is the Associate News Editor Print and Multimedia for Transport Topics, the leading online and print publication covering the trucking, freight and logistics industry.
Dan Ronan
Business, Logistics, Top 100
Ryder System Inc.
Ryder Reports Q4 Improved Earnings
Ryder System Inc.
Ryder System Inc. on Feb. 11 reported fourth-quarter net income of $25.6 million, or 48 cents per share, compared with a loss of $53.5 million, or loss of $1.02, in the same period a year ago.
February 11, 2021
Government, Business
Trucking companies that transport agriculture products will likely see an increase in business. (Luke Sharrett/Bloomberg News)
Economy Is Improving, but Challenges Remain, Economists Say
Trucking companies that transport agriculture products will likely see an increase in business. (Luke Sharrett/Bloomberg News)
The U.S. economy is poised for a strong recovery in the third quarter, provided the number of people being given the COVID-19 vaccine significantly improves and Congress and the White House reach a COVID relief package.
February 11, 2021
Business, Equipment
Yellow CEO Darren Hawkins, shown testifying on America's roads in September 2019, says, “Profitable growth is the mission; that’s what we’re all about. This is a good time to be in LTL." (House Transportation & Infrastructure Committee via YouTube)
CEO Hawkins Says Yellow Well-Positioned as Economy Improves
Yellow CEO Darren Hawkins, shown testifying on America's roads in September 2019, says, “Profitable growth is the mission; that’s what we’re all about. This is a good time to be in LTL." (House Transportation & Infrastructure Committee via YouTube)
With hundreds of new tractors and trailers already purchased and more on the way, the company formerly known as YRC Worldwide is poised to be highly competitive in the LTL freight sector, according to its CEO.
February 5, 2021
Business
Yellow's new name took effect Feb. 4. The company will trade on the Nasdaq exhange under the symbol YELL starting Feb. 8. (Yellow Corp.)
YRC Becomes Yellow, Announces Q4 Earnings and Continues Rebuilding Its Fleet
Yellow's new name took effect Feb. 4. The company will trade on the Nasdaq exhange under the symbol YELL starting Feb. 8. (Yellow Corp.)
The recently rebranded Yellow Corp. — formerly YRC Worldwide — narrowed annual losses by nearly half even as fourth-quarter losses widened, and said it is bolstering operations through property divestitures and investments in new equipment.
February 5, 2021
Government, Business, Breaking News
Bezos (Andrew Harrer/Bloomberg News)
Amazon CEO Jeff Bezos to Step Down in Q3
Bezos (Andrew Harrer/Bloomberg News)
Amazon.com founder Jeff Bezos will step down as the online giant’s CEO but will stay on as executive chairman, the company announced Feb. 2.
February 2, 2021
Business, Logistics, Top 100
Tim Boyle/Bloomberg
Online Shopping Surge Delivers Record Revenue for UPS
Tim Boyle/Bloomberg
UPS Inc. reported record fourth-quarter revenue as demand for package delivery soared amid the coronavirus pandemic, the company announced Feb. 2.
February 2, 2021
Government, Business, Equipment
IMCC alleges in its $1.8 billion lawsuit that OCEMA violated the Shipping Act of 1984 by inflating intermodal chassis prices at dozens of the nation's ports. (Patrick T. Falloon/Bloomberg News)
Intermodal Council Scores Win in Latest Round of Ongoing Case Against Ocean Carriers
IMCC alleges in its $1.8 billion lawsuit that OCEMA violated the Shipping Act of 1984 by inflating intermodal chassis prices at dozens of the nation's ports. (Patrick T. Falloon/Bloomberg News)
The Federal Maritime Commission judge overseeing the $1.8 billion case between the Intermodal Motor Carriers Conference of American Trucking Associations and the Ocean Carriers Equipment Management Association has rejected OCEMA’s appeal to have the case stayed.
February 1, 2021
Business, Logistics
Norfolk Southern
Norfolk Southern Reports Decline in Q4 Earnings
Norfolk Southern
Norfolk Southern Corp. saw its fourth-quarter revenue fall by 4% as freight volume fell in most of the commodities it moves.
January 28, 2021
Business
Don MacKinnon/Bloomberg News
Canadian Pacific Reports 20.7% Earnings Gain in Q4
Don MacKinnon/Bloomberg News
Canadian Pacific Railway posted higher net income despite slightly softer revenue in the fourth quarter, the Class I freight railroad announced Jan. 28.
January 28, 2021
Business, Logistics
Minerals and metals dipped 1% to C$354 million from C$357 million. (Canadian National Railway)
Canadian National Reports Strong Q4 Earnings
Minerals and metals dipped 1% to C$354 million from C$357 million. (Canadian National Railway)
Canadian National Railway reported healthy fourth-quarter income and revenue.
January 27, 2021