RXO remains a publicly-traded company as it prepares to be acquired by C.H. Robinson, posting its earnings Thursday that showed mostly positive numbers in all key categories. Given the pending deal with C.H. Robinson, RXO (NYSE: RXO) did not hold an earnings call with analysts. The summary slides that also accompany earnings were not released […]
(Editor’s note: the initial article has been revised to note that the companies discussed increased claims, not insurance premiums). Strong financial numbers released between Tuesday and Wednesday by C.H. Robinson and Landstar were overshadowed on Wall Street by concern over one particular issue: insurance and claims. Landstar kicked off the issue Tuesday afternoon with its […]
The third quarter at C.H. Robinson might be remembered for both the highs and the lows. It was the period when Lipe vs. Lupus Superior came down, and just days after the quarter ended, the giant 3PL announced the almost $6 billion acquisition of rival RXO (NYSE: RXO). But neither of those things hit the […]
The freight industry has spent years and real money chasing fraud, piling up more tracking, more data, and more awareness than it has ever had, and the losses keep climbing anyway, which is the paradox Michael Caney, Chief Customer Officer at the Carrier Identity® platform Highway, set out to unpack at the FreightWaves Broker Compliance […]
Chattanooga–The man who created RXO gave his public support to the 3PL’s acquisition by C.H. Robinson, saying you need “scale and density” to make it in the brokerage world. Brad Jacobs, who as CEO of XPO Logistics spun off RXO into a standalone publicly-traded 3PL, told the FreightWaves Future of Freight Festival here that he […]
Despite insurance claims activity clouding an otherwise strong third-quarter result, truckload broker Landstar System highlighted favorable demand for its dry van and flatbed offerings on Tuesday, driven by tight capacity and data center buildouts.
Chattanooga–The Transportation Intermediaries Association (TIA) was quick out of the box earlier this year after two key court decisions that didn’t favor the brokerage community, asking the federal government for some sort of guidance for 3PLs: tell us what sort of carrier hiring practices would protect us. Chris Burroughs is the head of TIA and […]
The way courts decide who is responsible when a contracted truck ends up in a wreck is changing faster than most of the freight industry realizes, and the shift is not about one ruling or one eye-popping dollar figure, it is a whole direction of travel that keeps pulling responsibility up the chain toward brokers […]
The first response in the RICO case initiated by a group of carriers against giant 3PLs C.H. Robinson and TQL has been filed by the latter, and it has two key arguments. TQL, in a series of three individual motions filed Monday in the U.S. District Court for the Eastern District of Texas, is seeking […]
Freight broker Fura has acquired Road Dog Logistics, a truckload brokerage, expanding Fura’s platform with an estimated $30 million in additional revenue.
For most of the last two decades, trucking could read the politics of its workforce fights along a familiar line, with one party broadly friendly to the independent contractor model and the other broadly skeptical of it, but according to the policy and legal experts who briefed an American Trucking Associations committee at the group’s […]
The nuclear verdict against C.H. Robinson in Texas has been affirmed.
Editor’s note: This is a contributed commentary. It comes amid FMCSA’s ongoing revocation of registered ELDs over hours-of-service log manipulation and FreightWaves welcomes responses from other parties. An ELD connection has become an important part of how freight moves. Brokers use it tounderstand whether a carrier is operating, whether vehicles are associated with that carrier, […]
Radiant Logistics announced it has acquired the Dallas brokerage operations of Whitacre Logistics Services, an intermodal and over-the-road transportation unit that will become part of Radiant Road & Rail.
(The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.) As if C.H. Robinson did not have enough going on with its recent acquisition announcement with RXO, six trucking companies sued the global 3PL as well as Total Quality Logistics in Texas federal […]
On the day after the C.H. Robinson-RXO deal was announced, Wall Street positive, S&P is cautious.
Einride has two cabless electric trucks running daily for EASE Logistics in Ohio, a test case for whether autonomy can absorb unplanned short-haul freight.
In a move that may have been foreshadowed by strong upward stock movement Thursday and Friday, C.H. Robinson, the country’s biggest 3PL, is getting a lot bigger by acquiring RXO. The transaction was announced Monday morning. RXO’s (NYSE: RXO) stock price had risen sharply Thursday and Friday, with it rising Friday by $2.02, a gain […]
The pitch for automated gate technology is almost always throughput, and the numbers are genuinely impressive, but a gate that clears a truck in three seconds is also a gate that has removed a human being from the one moment where somebody might have looked at a document and thought something about it felt wrong, […]
A new lawsuit charges C.H. Robinson and TQO with RICO-prohibited actions.
