Nikola Corp. has won $165 million in arbitration from convicted founder Trevor Milton, but it wants to recover attorney fees, too.
Edge continues to win new business on the back of a regional carrier strategy.
“When you see fleets double in size in a very short period of time, typically they haven’t grown on the inside as well as the outside, and that’s a very dangerous combination,” Reliance Partners’ Brian Runnels said.
Paccar Inc. posted record third-quarter net income and continued to build on a streak of beating analyst estimates.
Experts say Mexico must take big steps to capitalize on nearshoring by improving road security and freight infrastructure, while stabilizing the peso.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Coming on the heels of the hack against LTL carrier Estes, an industry meeting maps out ways to battle cyberattacks.
The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events.
Ryder System Inc. is acquiring contract manufacturing and packing company Impact Fulfillment Services in a deal involving operations in 15 states.
Averitt Express received the highest overall ranking, with Old Dominion Freight Line voted top national less-than-truckload carrier in a value and loyalty survey.
Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.
This week in Borderlands: Cargo theft trends are changing as supply chains shift to border regions; a $65 million cold storage facility could be headed to Central Texas; Gebrüder Weiss opens a logistics operation in Laredo; and a truck driver is stopped at the border with $12 million in cocaine.
Less-than-truckload carrier XPO Inc. (NYSE: XPO) says it has launched an over-the-road operation for team drivers. Only existing teams can currently qualify for the program, which has not been formally announced but was posted earlier this week on LinkedIn, said Greenwich, Connecticut-based XPO. It is believed to be the brainchild of Dave Bates, who joined […]
Soy Transportation Coalition director says farmers diverting product from weak export market.
FMCSA’s latest crash data is a hopeful sign for safety as trucking regulators consider new rules to reduce deaths and injuries.
New economic demands from striking UAW employees at Mack Trucks brings a strong retort from the truck maker.
Can Hyliion pivot to make stationary generators the base of its business as it decides whether to pursue the Hypertruck ERX?
Knight-Swift Transportation beat lowered third-quarter expectations Thursday and said the market appears close to a tipping point.
Triumph Financial’s earnings saw a tighter EBITDA loss at TriumphPay and a largely flat average invoice price in its transportation factoring business.
The cross-border trucking industry is recovering from a migrant surge and Texas inspections, trade officials said.
