Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Ryder System Inc. suffered an $18 million loss in Q2 2023 due to weaker market conditions and a substantial charge associated with its departure from the UK market. Simultaneously, Landstar System Inc. reported a year-over-year decrease in revenue and earnings in the same quarter, with net income dropping to $66.6 million from $112.5 million the previous year. Old Dominion Freight Line's Q2 revenue fell by over 15% YoY, with less-than-truckload (LTL) shipments per day down by 11.5%.
In the past year, despite the downturn in the freight market, Ryder's stock has risen by 28.55%, Landstar's has increased by 29%, and Old Dominion's share prices have impressively surged by 40.6%.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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