In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
UPS stock is up 4.95% today after announcing revenue and profit growth for the first time in over a year.
UPS has struggled the past year, like many shipping companies.
CEO Carole Tomé said, "After a challenging 18-month period, our company returned to revenue and profit growth,"
The company posted stronger-than-expected earnings for Q3.
Wall Street predicted UPS earnings at $1.63 per share and revenue of $22.1 billion. UPS posted $1.76 per share and $22.2 billion in revenue.
Is this a sign that the freight market may be making a comeback?
UPS CFO Bryan Dykes said, "Domestic volumes rose at the highest growth rate we’ve seen in more than three years.”
I'd say this is a bullish sign for the freight market as we head into the peak season of Q4.
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