The Fifth Circuit Court of Appeals has reversed two earlier lower court decisions that were initially victories for companies in the sprawling Penske empire, with one of the reversals tied directly to the Supreme Court decision in Montgomery vs. Caribe Tr... See more
Uber Freight had a significant jump in revenue not only on a year-on-year basis but sequentially as well. However, it only moderately improved its bottom line performance, which remains solidly as a negative number. Uber Freight’s revenue for the second q... See more
After discussing a second quarter financial performance that was mixed but predicting better times ahead, management of 3PL giant RXO spent a significant amount of time on its earnings call with analysts touting what it sees as a strength: its insurance c... See more
With most financial measures at RXO not improving or outright declining between the second quarters of 2025 and 2026, respectively, the company’s earnings announcement focused on several other measurements, mostly volume-related, where a strengthening fre... See more
The legal push to hold shippers liable for an accident involving a truck hauling its goods when it did not hire the carrier directly has taken another blow in a Texas court. But the mere existence of the case, alongside the nuclear verdict against C.H. Ro... See more
