Most key metrics were lower for the LTL carrier/brokerage company.
TRATON makes long-expected move to take over Navistar despite claiming disinterest. Navistar says it will take a look at the offer.
As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.
Amazon blows past analysts’ EPS estimates for q4
Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.
AscendTMS is the first TMS to allow users to reserve parking for drivers inside the system, thanks to a collaboration with TruckPark.
California owner-operators argue their livelihoods are at stake under new labor law.
Echo Global adds features that suggest loads along favored lanes for carriers using its EchoDrive platform.
Mack is back in medium-duty trucks with its first offering in two decades coming this summer from a new plant near Roanoke, Virginia.
Aptiv’s Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.
Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.
Upgrading docking, a new Northeast hub to come and the “weekend advantage” all played a role in the improvements
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
In case you weren’t able to catch our live broadcasts from Music City at the Air Cargo Conference at the top of this week, don’t worry, we’ve got you covered right here, right now for a “just in time” delivery.
Open-deck logistics provider Jones Logistics turned to AI-powered solution from Parade to build a digital brokerage for load management
UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.
CVTA vows to push FMCSA for earlier implementation.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
Funding likely to remain elusive for proposal that focuses on zero-carbon initiatives.
UPS unveils a slew of products and services ahead of tomorrow’s fourth quarter results
A proposed sustainable fuel mandate in Washington state highlights a divide in the transportation industry over regulations aimed at reducing carbon emissions.
President Donald Trump on Wednesday signed into law a revamped pact with Mexico and Canada that replaces the 26-year-old North American Free Trade Agreement (NAFTA). The United States-Mexico-Canada Agreement (USMCA) “overhauls” the rules for trading agriculture, manufacturing and services with Mexico and Canada, Trump said. “Today we’re finally ending the NAFTA nightmare and signing into […]
Third-party logistics firm STG Logistics has tapped Paul Svindland, former chief executive of bankrupt Celadon Group Inc., to lead its company.
Wall Street reacts positively to a projection for the rest of the year.
Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
Scott Burke expected the worst when the bird of prey hit his fully loaded Kenworth tractor-trailer going 50 mph. Instead, he got his rig to safety — and the bird is expected to make a full recovery.
It’s a bold plan and FreightWaves’ Mark Solomon has plenty of experience covering XPO to give us a unique perspective.
Startup Baton Trucking believes it can eliminate waste and detention through a drop yard network.
U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.
Owner-operator group calls decision “highway robbery.”
PACCAR is riding a comparatively low inventory of unsold trucks into 2020 as new orders and production in the first quarter are expected to be down 5-7%, the company told analysts following its report of record revenue and profits in 2019.
Parcel drivers join long-haul colleagues in training to bolster community safety.
It’s the same story for carriers and shippers: up like a rocket and down like a feather
Once the auto industry’s largest supplier, Delphi will disappear as it is absorbed into BorgWarner.
CVSA sets dates for Roadcheck and announces focus on driver requirements. Also, FedEx goes old school to build its future, Canada tackles USMCA approval and Democratic presidential candidates lay out their transportation plans.
PACCAR overcame a slowdown in Class 8 truck orders to report record revenue and earnings in 2019, but fourth quarter results took a hit in both measures compared with a year ago.
Toyota Motor Corp. opened its new $700 million Tacoma pickup assembly factory in central Mexico last month, aiming to use a combination of rail and short-sea shipping to export the pickups into the U.S. “Rail traffic will come through Laredo, but the majority of shipments into the U.S. will be by short sea, leaving from […]
Celadon Group plans to sell its trucking terminal in Laredo, Texas, to P.A.M. Transportation Services for $19.8 million, according to a filing in U.S. Bankruptcy Court for the District of Delaware. The sale appears set to close imminently, after P.A.M. Transportation Services signed a purchase agreement last Wednesday. The deal could be finalized by this […]
Analyst forecasts tough sledding for freight in first half of the year
A video of President Trump telling associates to “get rid of” Ambassador Marie Yovanovitch includes unrelated chat about self-driving vehicles.
New Penn Motor Express files change of operations proposal with union to obtain additional workers at three new regional velocity centers.
Celadon Group argues payouts will maximize value during the wind-down of its North American trucking businesses, but the proposal faces resistance from a U.S. federal trustee.
TK Transport cites soaring insurance costs, government regulations and a weak spot market as reasons for shutting down.
Fiat Chrysler is recalling more than 222,000 ProMaster delivery vans whose customers include the U.S. Postal Service. The shifter cable to the transmission can detach, leading to a possible crash.
Rates seem to be recovering from 2019’s downward spiral.
C.H. Robinson President and CEO Bob Biesterfeld told FreightWaves that Robinson Labs will develop solutions, both technological and otherwise, for its customers, carriers and Robinson employees.
Lawyers for Celadon and former Hyndman Transport employees argue over whether the U.S. company behaved badly in Canada.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volvo delivers 76 new trucks to Mexican carrier; ships are checked for coronavirus at Port Manzanillo; Stabilis Energy expands in Mexico with new sales director; and Pilot Freight Services expands warehouse presence in El Paso. Volvo […]
Electric trucks in big numbers are still years away, but interest among truck makers and fleets is widespread and growing.
‘No regrets’ as truck driver leaves California, citing hostile business climate
Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November 2019, and for fear that future access to the shared IT system would again be blocked, and the failure to remit millions of dollars in […]
Reefer market strong
Starting this month, the California Department of Motor Vehicles will only register vehicles that comply with emissions regulations.
Labor department’s ‘newfound powers’ means new hazards for companies that use independent contractors.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
Lawsuit claims Celadon collected and spent $6.2 million in receivables belonging to TA Express LLC, alleges the company admitted it was insolvent weeks prior to filing for bankruptcy protection.
Ryder is learning more about how to meet demand for short-term truck and trailer sharing, allowing lenders to cover lease payments and put money back in their businesses.
Earlier this month, the CEO of XPO (NYSE:XPO), Brad Jacobs, announced that he intended divest operating units of XPO in an effort to maximize shareholder value. One thing was clear, however. Jacobs intended to hold onto the less-than-truckload (LTL) operations of XPO that were formerly known as Con-way. As part of our Online Haul of Fame Series, here is a look back at the history of Con-way.
Justice Department asserts separation will preserve competition in North America.
Food and beverage industry increased share of largest warehouse leasing deals in 2019, CBRE says
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
Intermodal struggled while Brokerage also has a strong period.
Truck owner claims his employer and Amazon worked him “like a rented mule.”
Walmart argues that jury took things too literally in awarding back pay to California drivers
Ontario judge agrees to recognize Celadon’s Chapter 11 case and appoints trustee to supervise liquidation of Canadian assets.
Staffing agencies lease drivers to fleets stymied by employment regulations.
Freight industry innovators presented their ideas for the future of transportation and supply chains on the final day of the National Industrial Transportation League’s 2020 Summit. The panel of freight tech professionals discussed everything from artificial intelligence, 3D printing and blockchain, to how Generation Z interacts with technology. “There’s this explosion of data. One of […]
Waymo is now testing self-driving trucks on highways in Texas and New Mexico, plus Rhode Island budgets shortfall in truck toll revenue and House committee chairman tries to restart infrastructure talks.
Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.
Check-in calls have long been a pain point for carriers and brokers alike. It is possible to reduce these calls while also improving customer service.
Trucking insurance continues to get more expensive. Chris Henry and Daniel Pickett provide information about captive insurance agencies.
To have an edge in the logistics market, it is critical for companies to spot the right talent and retain them in their ranks over a considerable period of time.
C.H. Robinson is leveraging part of its $1 billion investment in tech to establish Robinson Labs, a technology innovation incubator.
Cautious optimism was a common thread during the Highway Transportation Session at the National Industrial Transportation League’s 2020 Summit. The NITL 2020 panel discussion Tuesday featured executives from trucking and logistics companies discussing issues such as contract rates, trucking capacity, truck parking, driver retention, delivery demands and hours-of-service regulations. “Obviously 2019 was a challenging market […]
Seeing expansion of the truck stop business as finite, Pilot Flying J is rapidly expanding its energy business. Reflecting that is a name change to the Pilot Company, an homage to the single gas station founder Jim Haslam purchased in 1958.
Agency recommends repeating queries to ensure compliance.
FedEx Freight levies $7 `California compliance’ surcharge on all LTL shipments in, out and within the state
US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.
Difficulty communicating instructions while in the cab cited as safety risk.
As record-breaking snowfall put freight movements on ice in Newfoundland, wintry weather turned the Toronto roads into a scary place.
The e-commerce giant won a patent for a theoretical multimodal vehicle designed to deliver and pick up items from online shoppers.
Geopolitical tides, e-commerce and technology are today’s “disruptors” in freight transportation, say panelists at Transportation Research Board convention.
Rob Moseley is an attorney at Moseley Marciniak in South Carolina. He’s defends trucking companies in the courtroom, and he’s watched as verdicts against trucking companies have been soaring. Is this a sudden shift or just another period in a cycle? And how should trucking companies deal with it? Host John Kingston talks to Rob […]
Brad Jacobs enters rich, leaves richer
Christenson will focus on scaling UF Europe “at speed and responsibly.”
Presidential candidate’s Clean Transportation Plan calls for 15% of new trucks to be pollution-free by 2030.
The World Economic Forum opened today. Climate change is the most-feared risk of respondents to a WEF poll. Brian Aoaeh comments that disruption of global supply chains is the real fear.
The cost of hydrogen-powered fuel cell electric trucking could drop 50% by the end of the decade, making it competitive with other clean energy options and even conventional fuels like diesel.
We gear up into this frigid week with a wild ride of headlines and industry updates. First, some bad news: a fatal shooting at a family-owned trucking company in San Antonio leaves two dead. A new cap-and-trade carbon emissions bill unveiled in Oregon last week continues to draw criticism from the trucking industry that helped […]
Bankrupt Celadon Group Inc. canceled its Wednesday asset auction of Taylor Express after approving White Willow Holding’s $14.5 million bid.
Shippers in a Morgan Stanley survey are optimistic over the macro environment and expect rate improvement moving forward. Plus, Chinese New Year impacts and supply chain sustainability takes a hit.
Ex-chief financial officer of Hyndman Transport accuses Celadon in affidavit of depleting funds generated by profitable core business in Canada and hurting former drivers’ and others employees’ ability to claim more than C$2 million in unpaid compensation.
Celadon Group plans to ask Canadian court to recognize its U.S. Chapter 11 case as judge takes further steps to lock down Hyndman Transport assets.
Technological change is requiring a fresh vision to help manage trucking operations. Here are three opportunities to take advantage of now.
BIMCO, BOLT, Commercial Jet and Kane Is Able also announce executive appointments.
Chicago company nearly doubles its size with “likely the first acquisition of several.”
Commercial liability insurance rates continue to spiral, with costs passed through to businesses and consumers. A primary culprit is a corrupt personal injury legal system where attorneys drive medical care. It’s time to change that.
FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.
A new cap-and-trade carbon emissions bill unveiled in Oregon last week continues to draw criticism from the trucking industry that helped derail similar legislation last year. “If you look at the latest version for the upcoming session, it’s not much different than [last year’s] House Bill 2020,” said Jana Jarvis, head of the Oregon Trucking […]
Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. Predicting where wholesale rack diesel prices will go has always been tricky. SONAR, FreightWaves’ forecasting platform introduces next day wholesale rack ULSD predictive prices.
