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Descartes Announces Fiscal 2026 First Quarter Financial Results WATERLOO, Ontario and ATLANTA, Georgia, June 4, 2025 (GLOBE NEWSWIRE) – The Descartes Systems Group Inc. TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 first quarter ( Q1FY26 ). Ryan, Descartes' CEO.
Transportation metrics saw little change in May as capacity, utilization and pricing remained in expansion territory, according to a monthly survey of supply chain professionals. The dynamic could represent an improving freight market, but it also reflects transportation companies offsetting higher operating costs through rate increases.
Under “intermediate” products, the first sectors to be impacted are iron and steel in 2026, and aluminum in 2027. Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in Mexico Freight Forwarding/Customs Brokerage The Top 8 EDI Myths - Debunked! Timely, incisive articles delivered directly to your inbox.
As part of its partnership with drone company Wing, the retail giant intends to bring drone deliveries to Houston, Tampa, Orlando, Atlanta and Charlotte by June of 2026, and will expand existing services in the Dallas-Fort Worth region. Featured Product Popular Stories Watch: Why Choose FTZs to Mitigate Tariffs?
Reliance on China for Rare Earths Wal-Mart Brings Price War to Groceries, Boosting Pressure on Big Food Retailers Bloomberg Toyota, Daimler Finalize Plan to Merge Truck Units in 2026 More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
Two other key metrics for Ryder’s used vehicle inventory are its inventory levels and realized prices versus residual values that are baked into the company’s asset valuation. The company’s sales levels are expected to be in line with the first quarter for the remainder of the year.
The company reportedly plans to shift 15% to 20% of its production to India and Vietnam by 2026, reducing exposure to U.S.China tariffs. companies would relocate at least part of their supply chains to North America by 2026. With 2025 tariffs increasing component costs, Apple has accelerated efforts to diversify its supply chain.
All that is distant memory now, as the maker of freight trucks powered by hydrogen fuel cells announced it had begun selling off its assets. Truck maker Kenworth, a subsidiary of Paccar, announces that it is discontinuing its obviouslypopular, W900 model, launched 62 years prior in 1963, saying production of the iconic cab will end in 2026.
Sales Slowdown The tariffs further complicate chief executive officer Calvin McDonald’s target of doubling sales from 2021 to 2026. Lululemon’s guidance assumes 30% tariffs on China and 10% on other countries. Rising competition and promotions in the apparel industry, and years of higher inflation, are also hindering the company.
the secretary of the Department of Health and Human Services, said he had reached “an understanding” with food manufacturers to remove commonly used artificial food dyes from their products by 2026. Kennedy Jr., The Times said Kraft Heinz is the first major food company to officially announce plans to do so.
Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. It includes brokerages and freight forwarders, but there comes a point at which simply outsourcing to a single 3PL or even several 3PLs grows too complex to handle. Billion by 2026.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. billion in 2020 to $15.79
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Deloitte ). Wall Street Journal ). Automotive News Europe ).
Trillion by 2026 according to IMARC Group and the overall total U.S. miles of freight is expected to reach 7.67 He is also the Founder and Co-Director of the MIT FreightLab – a research initiative that works on improving the way freight transportation is designed, procured, and managed. trillions of ton-miles by 2045 (Statista).
XPO’s credit rating has been downgraded by S&P Global Ratings, as the ratings agency said “persistently soft freight market conditions” are not likely to improve on a “material” basis for the next 12 months. By comparison, Old Dominion Freight Lines (NASDAQ: ODFL) is up 4.9% XPO’s stock is up 23.4% in the last year and 14.9%
Like other TL carriers, Heartland has been culling its fleet count and walking away from some unprofitable freight. Citing an “operating environment where current capacity outpaces weak freight demand,” Heartland CEO Mike Gerdin noted that TL fundamentals remain untenable. Excluding fuel surcharges, revenue was down 22% y/y.
CSX still expects overall volume growth this year thanks to dozens of industrial development projects coming on line and conversion of freight from highway to intermodal, Boone said. The number of cars online — a key congestion metric — declined 10% as the quarter progressed. on the former Meridian & Bigbee short line.
That reduced a metric used by Moody’s – the credit impact score – being reduced to CIS-5 from CIS-4. FleetPride is exposed to cyclical end markets and results are largely tied to trucking and freight activity in the US,” it said. FleetPride is also facing a need to refinance the $225 million second-lien term loan before Nov.
Expectations are that a fifth member likely would be recommended to the White House by 2026, but the runup to any approval has the intriguing potential to move over an unknown but semi-synchronous timeframe with the UP-NS review. Subscribe to FreightWaves’ Rail e-newsletter and get the latest insights on rail freight right in your inbox.
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