UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract. This is just the beginning for jobs in the physical economy.
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.
“Leadership has got to make sure they have the right information, as well as the right driver at the right time for the right reason,” said Lytx’s Jeff Martin.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.
A proposal requiring automatic braking on trucks needs more than a 60-day comment period, state agencies and brake manufacturers assert.
Hyliion Holdings has enough cash and investments to run its business through 2024 without raising new capital.
Yellow Corp. released second-quarter financials Wednesday following a bankruptcy petition earlier in the week.
The U.S. Postal Service’s non-GAAP loss nearly doubled year over year, while shipping volume was down slightly and revenue was flat.
Lowe’s has been changing the way it deploys trucks to deliver goods and has garnered a spot on FreightWaves’ annual list honoring shippers.
The federal heavy vehicle use tax year began on July 1, and taxes for 2023–2024 are due by Aug. 31.
Once the world’s hottest parcel market, China hit the skids in 2022 as the economy experienced a frail recovery from the pandemic, a Pitney Bowes report said.
Atlanta-based FleetCor Technologies reported fuel transaction revenue of $399 million in the second quarter, a 6% year-over-year increase.
Less-than-truckload carrier CrossCountry Freight Solutions announced Tuesday it has closed on the acquisition of Express 2000 Transportation.
About 1 million daily packages were diverted from UPS and 200,000 more did not enter the system due to lost sales.
Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.
“Waterfall tracking” means that a visibility provider, like Trucker Tools, automatically assigns the best available tracking method to each individual load based on information provided when the track was created and what the company already knows about the carrier.
Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
Cargo operations at a Texas border port were temporarily delayed Tuesday by an influx of migrants.
UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters.
