Ashley Coker New digital freight brokerages are popping up at breakneck speed, and the growth is expected to continue over the next five years. Trucking-as-a-service (TaaS) is expected to grow from its current size of $11.2 billion to $79.4 billion by 2025, according to a survey by Frost & Sullivan. Digital brokerages are expected to […]
Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.
GM closed its Lordstown Complex on March 5, 2019, but it could see new life as the company is negotiating with Workhorse, which would build electric pickups in the facility.
Fleets must look to leverage technology to improve the quality of life and driving experience of truckers, which eventually leads to driver retention.
FreightWaves Radio’s eleventh national show was broadcast on Saturday, May 4 on SiriusXM’s Road Dog Channel 146. Unlike other industry-specific radio shows that often have particular messaging or lobbying aims, FreightWaves Radio is an independent, data-driven look at what’s really going on in the freight world, and the episode proved just that. Hosts Chad Prevost […]
Real estate services concern Cushman & Wakefield (NYSE: CWK) has hired Tray Anderson, a top executive at supply chain management consultancy Fortna, to run its logistics and industrial services operation for the Americas. Anderson replaces John Morris, who has left the company. Before joining Cushman & Wakefield (C&W), Anderson ran global supply chain strategy at […]
Cruise Automation, the autonomous vehicle startup acquired by General Motors (NYSE: GM) in 2016, has secured an equity investment of $1.15 billion that values the company at $19 billion. The group of institutional investors included parent GM along with funds and accounts advised by T. Rowe Price Associates and existing partners SoftBank Vision Fund and […]
A long-running lawsuit over leased vehicles appears to be reaching its conclusion. The lawsuit, Roberts, et al. v. C.R. England, Inc., et al, is scheduled for final approval by a judge on July 9, 2019, following a $37.8 million settlement that was reached last month in the class-action suit. The case centered around C.R. England […]
Manila, Philippines-based container terminal operator International Container Services International has posted a solid set of first quarter results. Revenues were up. Profits were up. Box lifts were up. The group attributed its good results to operational improvements, lower finance costs and a “ramp up” in contributions by its new ports.
Whether truck location data is generated from electronic logging devices (ELDs) or proprietary tracking or routing software, there’s one location – the loading dock – where more supply chain visibility is desperately needed, according to freight industry experts. “Anyone can learn how to drive a truck; the hardest part for drivers is navigating through all […]
As the transportation industry adapts to a digital world, owner-operators to large fleets are all grappling with how to adopt new technology. “There are more technology choices than ever. Bob’s trucking, Sue’s trucking, Mario’s trucking are hearing from nine million different sources, trying to sort that out,” said industry consultant Randy Mullett of Mullett Strategies […]
IMO 2020 is will increase demand for distillates and put upward pressure on diesel. How should truckers prepare?
The New York City Department of Sanitation (DSNY) will put into operation a battery-electric vehicle (BEV) built by Mack Trucks in 2020. The vehicle is an LR model refuse truck. The announcement was made on May 8, 2019, at Waste Expo in Las Vegas. The Mack LR BEV is powered by Mack’s integrated electric powertrain […]
YRC Worldwide (NASDAQ: YRCW) reported a $31.7 million consolidated operating loss on first quarter 2019 revenue of $1.182 billion. The loss widened from a year ago and revenue fell slightly, down from $1.215 billion in the first quarter of 2018. CEO Darren Hawkins placed the blame for the revenue decline on labor uncertainty and severe […]
KeepTruckin Chief Executive Shoaib Makani laid out the company’s ambitious plans to move beyond its core electronic logging device (ELD) market to becoming an end-to-end provider of truck technology. The San Francisco-based company has already detailed plans to add in-cab safety cameras and create a load board for drivers. But the six-year old company is […]
If lab-grown meat substitutes for farm-grown meat and is commercially successful, it will lead to a drastic reduction in freight ton-miles.
Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million in cash, adjusted for changes in working capital at closing. The deal is subject to regulatory approvals and customary closing conditions. AxleTech’s offerings include a […]
YRC Worldwide (NASDAQ: YRCW) posted a $31.7 million consolidated operating loss on first-quarter revenue of $1.182 billion, which declined slightly from first-quarter 2018 revenues of $1.215 billion. In first quarter 2019, net loss was $49.1 million compared to a net loss of $14.6 million in first quarter 2018. Zacks Consensus estimate was for an earnings per share (EPS) loss […]
Over the last decade, J.B. Hunt has not only tripled in size, but has evolved from a big truckload and intermodal operator to offering dedicated services and what has turned into a billion-dollar brokerage and third-party logistics provider (3PL). The next stage, according to Shelley Simpson, the company’s chief commercial officer, executive vice president and […]
