For-Hire

Knight-Swift Transportation Holdings has reached an agreement to acquire U.S. Xpress for approximately $808 million, the companies announced March 21.

FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.

Some 60 new truck driver jobs are coming to southeastern North Carolina in the largest business venture there in 40 years thanks to a new UPS distribution center.

U.S. trailer orders in January decreased 9% year-over-year to 24,300 from 26,595 a year earlier, reported ACT Research. This comes a month after net trailer orders reached their second-highest level on record at 57,300. Also, orders dropped 58% from near-record results the prior month.

FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.

Forward Air Corp. reported record fourth-quarter and full-year revenue, operating income and net income per diluted share Feb. 8.

LAS VEGAS — Autonomous and electric-powered trucks hold great potential to improve safety and efficiency in the freight transportation sector, but it will take time for these emerging technologies to overcome various market challenges and achieve widespread commercialization, industry executives said.

Forward Air Corp. will expand its expedited less-than-truckload service offering in the Chicago area with a new terminal in Bolingbrook, Ill., the company announced Feb. 6.

ArcBest experienced a decline in earnings year-over-year on moderate revenue gains during the fourth quarter of 2022, the company reported Feb. 3.

Schneider experienced an 18% year-over-year drop in fourth-quarter earnings, the company reported Feb. 2.