Tag: Trucking News

PHINIA Inc. to Report Q2 2024 Earnings

AUBURN HILLS, Mich.–(BUSINESS WIRE)–PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems and aftermarket parts will report second quarter results on Tuesday, July 30, 2024. PHINIA’s earnings press release, earnings presentation and other materials will be available on the “Investors” section of PHINIA’s website, PHINIA – Investor Relations. PHINIA will host a […]

RELEX Introduces AI-Driven CO2 Analytics to Help Companies Understand and Reduce their Environmental Impact

New capability helps companies track, reduce, and report the CO2 emissions of purchased goods, supporting sustainability initiatives and government regulations ATLANTA & HELSINKI–(BUSINESS WIRE)–New global regulations are adding pressure for companies to be able to track and report the CO2 emissions of purchased goods. To help combat this, RELEX Solutions, a provider of unified supply […]

Cowen Rodriguez Peacock Lawyers Secure $4 Million Award in Lawsuit Filed Over Deadly 2021 Crash in Dallas

24-year-old Dallas man was killed when his car collided with a disabled tractor-trailer DALLAS–(BUSINESS WIRE)–A Dallas County jury has awarded the plaintiffs in a wrongful death lawsuit $4 million in damages stemming from a 2021 crash that killed Robert Buntyn, 24. Attorneys with the Texas-based law firm Cowen Rodriguez Peacock represented Mr. Buntyn’s mother and […]

UPS Announces Sale of Coyote Logistics to RXO, Inc.

When Complete, Transaction Helps Drive UPS’s “Better and Bolder” Strategy ATLANTA–(BUSINESS WIRE)–UPS (NYSE: UPS) announced today it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion. “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision to […]

RXO To Acquire Coyote Logistics From UPS

Creates the third-largest provider of brokered transportation in North America – a scaled industry leader Strategic transaction immediately and significantly accretive to RXO’s adjusted diluted earnings per share and adjusted free cash flow Expands RXO’s market position with increased capacity for customers and increased access to freight for carriers Purchase price of $1.025 billion in […]

Leer Group Welcomes Alan Farash as President and COO

ELKHART, Ind.–(BUSINESS WIRE)–Truck Accessories Group, LLC d/b/a Leer Group is proud to announce the appointment of Alan Farash as the new President and Chief Operating Officer. Alan joins the Leer team with senior level experience in lean manufacturing, strategic business development, operations management, and brand positioning. His proven history of overseeing specialty and commercial vehicle […]

CarMax Reports First Quarter Fiscal Year 2025 Results

Announces the expansion of its asset-backed securitization program to enable incremental growth in finance income RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior year’s first quarter; wholesale […]