Trucking

The size of Uber Freight’s “fleet” is about 71,000 carriers.

The Teamsters’ Central States Pension Fund could be saved through the COVID-19 relief package.

Brokerage steals the spotlight at XPO amid a record revenue performance and strong 2021 earnings guidance.

FedEx makes a multiyear commitment to help colleges offset the COVID-19 economic impact.

An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.

Old-school aerodynamics technologies such as TruckWings can contribute to economic and environmental sustainability.

SmartHop has secured a $12M Series A funding round with participation from heavy hitters Union Square Ventures and RyderVentures to scale its “business-in-a-box” solution for owner-operators and small fleets.

Self-driving truck technology startup Plus is already working on an autonomous freight matching project in China. Now it has investors there.

In today’s edition of The Daily Dash, diesel fuel prices are rising across the country. Plus, the Postal Service could be getting a makeover; Forward Air talks cyberattacks; and TFI discusses its plans for UPS Freight.

While optimism is returning to the economy, 83% of manufacturers expect their company to take up to a year to recover, according to a survey from BDO.

Agents occasionally find the green coca plant leaves during searches but rarely find green powder cocaine, authorities said.

Third-party logistics provider Radiant Logistics beat expectations for its second fiscal quarter. The company’s improved results and low-debt profile are allowing it to pursue acquisitions.

The most important number, yield, is up from January 2020 for Forward Air.

The former owner of Sisic Transport admitted to altering thousands of logbook entries for his drivers, using Omnitracs’ automatic onboard recording device software.

Fuel cell manufacturer Hyzon Motors agrees to a SPAC merger that will bring a $570 million cash injection for global scaling of the Singapore spinoff’s business.

Day Two of FreightWaves’ Global Supply Chain Week virtual conference includes experts from DHL, SVT Robotics, Geodis and JLL Inc.

The agency’s revamp will likely include cost reductions, price increases and efforts to streamline what many consider a bloated organization.

Fine art logistics provider Masterpiece International saw benefits of technological innovation firsthand when switching from human couriers to high-tech trackers during the coronavirus pandemic.

In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.

Forward Air’s CIO recommends hiring a CIO who has been through a crisis as an important step to prepare for a cyberattack.