TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.
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.
CMA CGM SA reported a second-quarter jump in cargo volumes and signaled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.
WASHINGTON — The Federal Reserve’s favored inflation measure remained low last month, setting the stage for the Fed to begin cutting interest rates this fall.