In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.
Markets consolidate as peak season nears.
Rumors started swirling on Friday that LTL carrier Central Freight Lines was shutting down its western division, which company President Michael Brennan told FreightWaves are “100% untrue.”
The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.
Anne Reinke is coming directly from DOT but has a long record in the DC office of CSX
$8 million worth of marijuana and over 2,000 bongs are discovered at the U.S-Canada border during two recent inspections of tractor-trailers.
Also on this week’s edition: diesel did something last week it hasn’t done in at least 30 years.
Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.
AIT Worldwide Logistics’ Bob McGhee shares his thoughts on the best practices for military equipment shipping.
Rasmussen heading up safety group after retiring from PrePass.
Fr8Hub shareholders intend to invest $12 million as part of the transaction.
Bottom line on operating and net income largely unchanged; revenues up but costs were too
Landstar System announces the opening of a new driver center for its independent owner-operators in Carnesville, Georgia. The 8,000-square-foot facility provides classrooms, a business center, laundry, showers and break rooms.
J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.
In today’s edition of The Daily Dash, FMCSA denies an HOS exemption for drivers with animals, YRC is boosting pay for some new drivers, OOIDA criticizes cost estimates for broker transparency and the conviction of the former Pilot Flying J president is overturned.
While COVID-19 helped increase e-commerce sales volumes, retailers struggle to manage lengthening holiday season lead times.
The Western States Hydrogen Alliance will focus on maximizing rollout of hydrogen fuel cell electric technology across multiple commercial sectors in 13 Western states.
Income per share beat consensus but total and truckload revenue disappoints; stock falls in after-market trading
Total revenue at the company, the first carrier to report third-quarter earnings, was up more than 20%
YRC subsidiary can’t produce evidence of any female drivers at Olive Branch facility since at least 2005
