Carvana EV sales mix hits new high of 4.3% in Q1 as affordability improves PHOENIX–(BUSINESS WIRE)–Carvana, an industry pioneer for buying and selling used cars online, today released an EV Trends Report for Q1 2024. The report focuses on the significant growth potential of the used EV category and highlights the important role affordability plays […]
8.3% Improvement in Adjusted EBITDA on 8.0% Lower Revenue Operating Income of $5.2 Million Versus Operating Loss of $0.7 Million Last Year Financial and Operational Highlights (compared to last year’s first quarter) New powersports unit retail sales of 10,503 versus 10,436 or up 0.6%. Pre-owned powersports unit retail sales of 5,005 versus 5,781 or down […]
Industry veteran Shawn Stewart appointed as Chief Executive Officer First quarter results impacted by elongated weak freight market and Omni Logistics deal closing Cost synergy realization in line with initial diligence estimates Preliminary April results providing early indication of improvement GREENEVILLE, Tenn.–(BUSINESS WIRE)–Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today reported […]
JACKSONVILLE, Fla.–(BUSINESS WIRE)–Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) today announced the pricing of its initial public offering of 14,333,333 shares of its common stock at a public offering price of $15.00 per share, for total gross proceeds of approximately $215.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by […]
FleetPulse capitalized with $11M to focus on improving trailer safety, cargo security, and efficiency CHICAGO–(BUSINESS WIRE)–FleetPulse, the trailer telematics solution incubated within Great Dane, today announced its launch as an independent company. FleetPulse is capitalized with $11M, including seed funding led by Four More Capital, and it has appointed former Uber Freight executive Carl-Christoph “CCR” […]
With systems integration partner KPI Solutions, Kenco’s new automated storage and retrieval system will shorten click-to-delivery times for the 3PL’s eCommerce customers starting this summer CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Kenco, a leading third-party logistics (3PL) provider, today announced the implementation of AutoStore™, a leading automated storage and retrieval system (ASRS), at the company’s Jeffersonville, Ind. distribution center. […]
DALLAS–(BUSINESS WIRE)–Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the third quarter of fiscal 2024 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, May 16, 2024. On Thursday, May 16, 2024, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results […]