Tag: Trucking News

Ryder Announces $300 Million Accelerated Share Repurchase Program

MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces it has entered into an accelerated share repurchase agreement (ASR) with Morgan Stanley & Co. LLC to repurchase $300 million of the company’s common stock. “We achieved exceptional financial results in 2021 with customers relying on Ryder […]

Faraday Future Receives Intelligent Manufacturing Equipment from Guangzhou MINO Equipment at Its Hanford Manufacturing Facility, Setting the Stage for FF 91 Delivery in Q3 of 2022

FF has worked closely with Guangzhou MINO Equipment to develop manufacturing equipment specific to the FF 91 Top-tier automotive supplier of intelligent manufacturing equipment to supply FF with body assembly equipment LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced the arrival of […]

Data From FourKites Shows Canadian Antivax Trucker Protest Had Limited Impact on Supply Chain

AMSTERDAM–(BUSINESS WIRE)–The latest data from FourKites illustrates the vaccine mandates’ and subsequent protests’ impacts on shipping volumes and on-time deliveries had some effect, but no major disruption to the U.S. or Canadian economy or trucking market. Average wait times between the US and Canada increased 17% in mid-January, followed by 26% at the end of […]

U.S. Xpress Releases Economic Forecast for First Half of 2022

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–U.S. Xpress Enterprises, Inc. (NYSE: USX) today released its economic forecast covering the first half of 2022, which highlights trends and updates specific to the logistics industry. The full, detailed forecast can be found on the company website. Four key themes emerged for the first half of 2022: Incremental growth in truckload capacity. […]

BAE Systems to Provide Electric Drive Systems for Philadelphia’s New Fleet of Zero-Emission Capable Hybrid Buses

PHILADELPHIA & ENDICOTT, N.Y.–(BUSINESS WIRE)–BAE Systems, a leader in electric propulsion, has been selected by the Southeastern Pennsylvania Transportation Authority (SEPTA) to supply up to 340 electric drive systems for its new fleet of low emission transit buses. BAE Systems will provide 220 electric drive systems to New Flyer of America Inc., with an option […]