Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
While trucking companies stand to gain from a competitor’s collapse, they lament the loss of an industry stalwart.
It’s taken nearly a year for someone to publicly acknowledge that their company has benefited from the February bankruptcy and subsequent shutdown of less-than-truckload (LTL) carrier New England Motor Freight Inc. (NEMF). That someone is Peter Latta. Latta is chairman and CEO of A. Duie Pyle Inc., a privately held carrier founded in 1924 by […]
A plaintiff’s attorney in the case of a vehicular accident may sic the trucking company for allowing Fido to ride along.
Mexican carrier Jaguar Transportation stopped its trucking services this morning (Dec. 10) and could be shutting down as part of Celadon’s Chapter 11 filing Dec. 9. Several freight and logistics professionals confirmed to FreightWaves that cross-border account representatives for Jaguar Transportation said they had ceased services. At one of the company’s locations, the news prompted […]
Just in time for the holidays, Paccar declared a special dividend of $2.30 a share for stockholders of record by Dec. 20.
The union drive marks the seventh company at the San Pedro ports to employ workers represented by the Teamsters.
The electrification of commercial trucks is edging closer but the industry first must go through a “messy middle” that sorts out the future of diesel and other alternative fuels.
Walmart seeks to bolster its online grocery business through autonomous home delivery.
Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface, it sounds like Chapter 11 will give hope to at least some of the 4,000 employees at the company. Chapter 11 is the process used to describe a restructuring where […]
Volvo Trucks is building on sales of electric trucks for urban transport in Europe with battery-electric concepts for construction and regional distribution.
Truck parking reservations are now available through popular facility rating app Dock411, plus, more on the Celadon closure, drone safety a focus of working group and Virginia considers a fuel tax hike.
The sudden closure of Celadon has left thousands of lives impacted. To help those employees find work, FreightWaves has created a free job board where employees can post resumes and recruiters and fleets can post jobs.
The delay of aircraft components and replacement parts can mean tens of thousands of dollars in losses for airlines waiting to make necessary repairs, which is why so many turn to specialized logistics providers.
Losses in Europe are estimated to now be costing businesses billions of euros a year.
Chief Relationship Officer Brent Hutto explains the importance of embracing the freight industry’s digital evolution.
Jaguar Transportation, the Celadon-owned carrier based in Mexico, says it will remain operational and continue its cross-border shipping. “Jaguar will operate in the same way it has been working. The situation that Celadon is going through does not compromise this company at all,” Jaguar company officials said in an email to FreightWaves. However, Jaguar Transportation’s […]
Legislation demands OMB and HHS estimate rule publication date.
Drivers “in shock” and blame the troubles of their U.S. parent company for causing Canada’s largest trucking failure of 2019.
ArcherHub runs its own fleet that it uses as a backup for loads that go uncovered on its digital freight marketplace and thus guarantees hauls for every shipper.
