Business

DAT advises users who suspect they have received a phishing email impersonating the load board to promptly contact the customer service department.

The electric grid holds more potential for electric truck charging than utilities currently allow. A big rethink is under way.

The numbers out of BMO’s transportation sector, which are heavily loans to trucking companies, showed deterioration in credit metrics.

The White House’s new Supply Chain Resilience Council is meant to strengthen the supply chain, but supply chain stakeholders are not included.

Forum Mobility joins a growing number of startups planning multiple megawatt charging facilities serving California drayage.

The Pilot vs. Berkshire lawsuit in Delaware has gotten personal, with the recent Pilot chairman accused of secret payments to benefit a sales price.

With China knocked off its pedestal of reliable, cheap products, other countries have jumped in and seized on the weakness.

Echo Global Logistics’ EchoShip platform is transforming the partial truckload shipping landscape, offering unparalleled efficiency and cost-effectiveness for shippers and carriers.

Artificial intelligence will probably change everything about our lives. For truck drivers, it could wipe away their economic stability.

Franklin Ray was sentenced to 212 months in federal prison for his role in multiple fraud schemes, including bilking investors out of $40 million in a truck investment venture.

S&C Electric is one of the 25 freight-friendly businesses in this year’s Shipper of Choice awards.

Talon Logistics CEO Emmanuel Carrillo emphasizes shippers should diversify their logistics networks and explore intermodal shipping in the new year.

Cold storage and logistics provider Lineage Logistics is working on an initial public offering that will value the company at more than $30 billion, Bloomberg reported Tuesday.

Many fleet owners have become laser focused on moving away from diesel fuel, which accounts for the majority of greenhouse gas emissions in the sector. Heavy-duty electric trucks are poised to be one of the primary solutions to this issue.

Toll payment platform Bestpass has acquired Fleetworthy Solutions with the aim of creating a one-stop shop for fleets for tolling, compliance and safety needs.

United Petroleum is buying Patriot Transportation in a deal that is a solid win for Patriot shareholders.

Canada-based electric trucking startup Lion Electric cuts 10% of head count to reduce costs as it seeks profitability.

The founder of Isometric Technologies describes the company’s goal of building the FICO score for freight.

Here are a few compelling reasons why retailers should make supply chain visibility a top priority, especially during the holiday peak season.

Freight brokerages typically can stay afloat during trucking recessions. But the ongoing, severe downturn has slammed third-party logistics companies.

Israeli tech startups count on losing some employees to military reserve duty. Many more are called during wartime.

A request for the Supreme Court to review a lower-court ruling could bring clarity to conflicting decisions across multiple courts about broker liability.

With the U.S. mostly saturated with weigh station bypass technology, Drivewyze snagged a rare opportunity for new growth in Canada.

Israeli cargo reservation platform Freightos is struggling to make money in a bad freight market and now faces the extra challenge of operating in the middle of a war zone.

A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S.

Amid an ongoing financial dispute with the U.S. Postal Service, Matheson Flight Extenders plans to lay off more than 450 employees by Dec. 15 and close its mail sorting facilities in California.

A GXO location in Groveport, Ohio, outside Columbus, will shutter on Jan. 15.

Emtec Digital, a trusted technology partner for logistics companies, unveiled a groundbreaking platform that enhances productivity manifolds using RPA and AI tools.

At F3, Amazon Freight’s Rebecca Salt highlighted the company’s transition to a customer-focused, eco-efficient network.

In the rapidly evolving logistics industry, the integration of cutting-edge technologies into the TMS is proving to be a game-changing force. The trend is already revolutionizing productivity and reshaping freight logistics.

The executive churn at beleaguered Nikola Corp. continued with the resignation of CFO Stasy Pasterick after just six months.

The DAT phishing site is almost identical to the DAT ONE site.

FlockDirect uses real-time data to pool freight for multiple customers going in the same direction. The solution effectively dismantles the physical hub-and-spoke constraints that have defined the supply chain for more than a century.

Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022.

Former Elite Transit Solutions employees say when they raised concerns to CEO Michael D. Johnson about carriers not being paid or suddenly being blocked from posting freight on one of the country’s largest load boards, he “always had an answer for everything.”

Torc Robotics has the autonomous truck nearly ready. Now comes the hard work of making a business from it.

Amazon Freight Partner’s ascent from a small initiative to a global logistics force is a testament to innovative strategies and a commitment to diversity.

While bankruptcies and layoffs have abounded in the logistics industry in 2023, there has been much more to the year than meets the eye.

Two leading execs at Estes Express, including an Estes family member, have presented a recap of the hack that took the LTL carrier mostly offline.

Nikola Corp. founder Trevor Milton is seeking probation instead of prison on his federal fraud convictions.

Employees air frustrations with company management after being let go on Teams.

Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft.

Trucking company 10 Roads Express has laid off 66 workers at its facility in Fort Worth, Texas.

Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.

Hyzon Motors is focused on launching its 200-kilowatt fuel cell for heavy trucks now that its legal problems are mostly resolved.

FourKites’ president is no longer with the company. He joined in April. The visibility platform announced other new leaders on Wednesday.

Shorr Packaging received its first Shipper of Choice award with brokerage partner Arrive Logistics singing its praises.

U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.

Workhorse Group made progress toward scaling its electric truck business, but being shut out of California incentives dented revenue.

Coyote Logistics won a legal battle over liability, but the victory may have repercussions beyond this particular case.

Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.

CMA CGM, like many other carriers, is reporting serious revenue loss. The North America president and CEO goes into detail with American Shipper and explains why the company is investing in more physical infrastructure.

Fillogic leverages what it has coined “channel-free logistics,” a competing fulfillment model to the traditional omnichannel experience.

FreightWaves’ Rachel Premack spoke with OTR Solutions’ EVP Clayton Griffin about the current state of freight brokerages and the risk they pose to carriers.

There’s no debate that the freight industry is hurting right now, but it’s not because volume is low. We have an oversupply of trucks.

FreightWaves’ F3: Future of Freight Festival was full of lively discussions of new technology in freight but also a movement to get back to the basics.

Former FBI negotiator Chris Voss tells listeners at the F3: Future of Freight Festival about using hostage negotiation tactics in business deals.

A Q3 increase in reported incidents of cargo theft was fueled by a triple-digit rise in “strategic” thefts like cargo misdirection, CargoNet says.

It’s back to the courtroom for the CTA and OOIDA as they continue their legal battle against California’s AB5.

Sweden’s Volvo Group was selected as the winning bidder for the battery and charging assets of bankrupt Proterra Inc.

Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.

At the F3: Future of Freight Festival, strategic adviser Alan Gershenhorn explained how market changes are affecting different transport modes.

Flatbed carrier Daseke reported an in-line third-quarter result Thursday but reduced its full-year guidance.

Consumer spending is likely to decline in the coming months, adding to weak freight conditions.

A fireside chat with Emerge CEO Andrew Leto discussed leadership, planning and resilience at FreightWaves’ F3: Future of Freight Festival.

FreightWise has acquired Kuebix from Trimble with the aim of creating one of the top transportation management system platforms in the country.

This year’s list saw a sizable shake-up, with 17 newcomers and a high number of mainstays being left off the FreightTech 25.

Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.

Air Transport Services Group is slowing investment in converted freighters as a weak shipping market leads cargo airlines to pause fleet expansion.

Greater speed is a highlight of the new interface for FreightWaves SONAR introduced at the F3: Future of Freight Festival in Chattanooga. 

Hyliion Holdings is throwing in the towel on its Hypertruck ERX natural gas-electric powertrain to focus on generator technology.

High numbers of migrant crossings in September disrupted freight rail operations, including Trinity Industries’ and FreightCar America’s ability to send new rail cars into the U.S., executives said on recent earnings calls.

FreightWaves showcases SONAR flatbed data at the F3: Future of Freight Festival.

A weaker-than-expected peak period leads GXO to cut its organic revenue growth guidance.

Venture capitalists have plenty of dry powder but they’re being choosier.

More than a dozen logistics firms have been recognized among North America’s fastest-growing companies.

Revenue and earnings fell sharply at DHL’s Express and Global Forwarding units.

Chattanooga, Tennessee-based FreightWaves has been named to Deloitte’s Technology Fast 500 list.

FreightWaves’ Innovation Alley at the Future of Freight Festival featured a demo by customer support automation platform Kodif.

Trucking technology company ConMet has acquired Truck Labs, whose aerodynamic TruckWings save 3%-6% on a fleet’s fuel bill.

FreightWaves CEO Craig Fuller sees bad signs from banks — and trouble ahead for brokers — as he looks to the first quarter of next year.

Meadow Lark Agency and its affiliate, Meadow Lark Transport, filed for bankruptcy liquidation Monday, owing around 120 former employees almost $800,000 and nearly 1,300 trucking companies about $2.7 million.

DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.

In a tough quarter, Uber Freight showed small signs of improvement in both EBITDA and revenue.

Daimler Truck reported lower deliveries in Q3, a contrast to its major competitors who reported higher sales but warned of a coming slowdown.

Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.

Air Transport Services Group’s underperformance cost CEO Rich Corrado his job on Monday.

UPS has bought out a small contingent of senior pilots. An American Airlines regional partner is trying to attract them to fly small jets.

Shippers have rebounded in Q4 2023 to once again be the most positive segment. Carriers and brokers have lost some of the steam that led to relative optimism in Q3.

An online auction is slated for Tuesday to sell the assets of Minnesota-based Twin Express Inc., which had more than 70 power units, after the trucking company defaulted on a $19 million loan.

EFW said Monday it has closed on the acquisition of Superior Brokerage Services, which doubles its revenue and warehousing capacity.

A 13% decline in total revenues dented BNSF’s net profit for the third quarter.

A white paper by factoring company OTR Solutions highlights risks it sees from the combination of 3PL bankruptcies and asset-based lending.

FreightWaves is hosting its biggest event yet, F3: Future of Freight Festival, Nov. 7-9, packed with world-renowned speakers, educational sessions, music and more.

Trucking bloodbath expands to lenders as industry experiences one of the sharpest downturns in history.

Approximately 65 employees for Pittsburgh-based Elite Transit Solutions were laid off via Microsoft Teams on Friday. This is the second round of job cuts the freight brokerage has experienced over the past month; about 20 employees were let go on Oct. 20 because of the “current economic situation,” according to sources familiar with the layoffs.

Innovation in freight goes beyond technology. While many major FreightTech companies have gone bankrupt, it does not mean that innovation is lacking or that every tech company is doomed to fail.

Who is leading, following, emerging or out of the game in autonomous trucking? Here’s an assessment of shifts among the players.

The family who founded Pilot Travel Centers and sold 80% of it to Berkshire Hathaway has filed suit over valuing the final 20%.

“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.