For-Hire

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million.

Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.

Old Dominion Freight Line marked its third consecutive quarter of year-over-year revenue growth during the second quarter of 2024, the company reported July 24.

CHICAGO — Fleet operators are increasingly embracing the use of dash cameras, but successfully deploying these in-cab systems hinges on driver acceptance of the technology.

The recently announced UPS acquisition of Mexican express delivery company Estafeta takes advantage of a business trend toward nearshoring.

An evolving concept to address the issue of final-mile delivery is the urban delivery hub.

UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.

XPO launched a new service aimed at expanding its cross-border services between the U.S. and Mexico, the company announced July 17.

Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.