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Profit at Ryder System rose in the first quarter of 2025 as higher contract revenue outweighed ongoing weakness in the rental and used vehicle sales businesses.

While some segments of the logistics market saw expansion, such as dedicated carriage and freight forwarding, others faced slower growth, including freight brokerage and warehousing.

The Lowell, Ark.-based carrier ended the year slightly behind where it was during the prior fourth quarter amid efforts to reinvest and improve operations, the company reported Jan. 16.

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.

Most of North America’s largest for-hire carriers operating in many diverse segments of the trucking industry reported higher revenues last year.

Freight brokerage, warehousing and dedicated carriage operations saw significant growth in 2022, while rocky international freight demand kept forwarders on the ropes.

It was a historically great year for trucking in 2018 with robust growth in revenue and better margins, but not all companies saw the benefits of a strong economy.

Having the right fleet for your business can give you an advantage over the competition and lower transportation costs. The question is: Should that fleet be private or dedicated. Learn how you can answer that in this report.

Werner Enterprises CEO Derek Leathers discusses trucking's shifting business climate with TT's Daniel Bearth, part of our July 12 LiveOnWeb program on the 2017 Transport Topics Top 100 For-Hire Carrier rankings.