FreightWaves CEO Craig Fuller was interviewed for the podcast “The Business of Content.” Read highlights here.
Former Port Authority of New York and New Jersey executive takes over at IICL from Steven Blust, who will continue in a senior adviser role.
Fleetpal is built on VMRS, the universal coding system, allowing it to track and segment equipment failure and operating costs efficiently.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.
The CARES Act oversight commission is still waiting on a response from the Defense Department regarding its “national security” designation of YRC Worldwide, which allowed the carrier to obtain a pandemic relief loan.
Minnesota-based Stan Koch & Sons Trucking has agreed to pay $165,000 to settle a EEOC lawsuit stemming from allegations the carrier retaliated against a former truck driver.
The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.
Executives are confident about an economic recovery but uncertainty persists over how much volumes will grow in the fourth quarter and into 2021.
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.
Bottom line on operating and net income largely unchanged; revenues up but costs were too
Navistar tells TRATON it can buy the company for $44.50 a share, or about $3.7 billion, slightly more than TRATON’s final offer and almost $10 more a share than its $2.9 billion bid in January.
Genuflecting toward Wall Street has symbolically become part of the North American Class 1 rail company culture.
Volvo Group Q3 sales and earnings trailed last year. But a recovery in heavy-duty truck orders and market share gains in North America improved a bleak picture.
Lower operating expenses drove the increase in third-quarter net income.
FreightWaves CEO Craig Fuller appeared on the A Media Operator podcast. Read highlights of the podcast here.
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.
$1.65 billion borrowed is more than rental car company had been seeking
How do you prepare for the Super Bowl if you don’t know who your opponent is? That’s how airlines and freight managers feel about preparations for transporting a COVID-19 vaccine when one is approved because manufacturers aren’t freely sharing shipping details.
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
Hybrid drivetrain maker Hyliion takes a preorder of up to 250 Hypertruck ERX systems from American Natural Gas, securing discounted fuel for Hyliion customers as well as new fueling stations near customer locations with no up-front costs.
Port of Virginia gets $20.2 million for container yard expansion.
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
Agility Robotics, a maker of legged, walking robots, announced Thursday the close of a $20 million investment to meet demand from logistics providers and e-commerce retailers. DCVC and Playground Global co-led the round and were joined by TDK Ventures, MFV Partners, Industrial Technology Investment Corp., Sony Innovation Fund and Safar Partners. Agility, based in Albany, […]
Final rule streamlines launch and reentry requirements for burgeoning commercial space industry
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
Teamsters and YRC Worldwide agree to implement $7,500 hiring bonuses to new drivers. YRC will select the regions for the new bonus pay but the local unions have the autonomy to decline them.
Collaboration with Navistar allows Zonar customers to see OnCommand Connection vehicle data within its platform.
Fashion industry incumbents that have failed to adopt technology to strengthen their business models are at significant risk, particularly as the pandemic accelerates a number of trends.
Having the right technology and technology partner increases business intelligence that can help shippers navigate uncertain times.
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
“Regardless of who wins the upcoming elections, our country is in desperate need of a cohesive export plan as well as an infrastructure program and a digitization strategy for ports across the country,” says Executive Director Gene Seroka.
United Airlines lost more than $2 billion in the third quarter, but the cargo division did its part to stabilize finances.
Torch’s technology creates an experience tailored to the needs of shipments under 550 miles.
Complicated transaction puts the valuation of the SaaS company at about $2.57 billion
A federal appellate court overturned the convictions of former Pilot Flying J President Mark Hazelwood and two members of his sales team on Wednesday in a fuel rebate scandal that rocked the truck stop dynasty.
Autonomous vehicle company Waymo provided a glimpse of its autonomous truck technology in a blog post this week, as the Alphabet-backed startup best known for self-driving passenger vehicles steps up its delivery and freight program. Waymo said its autonomous vehicle software powers its self-driving vehicles across modes and that to configure the system for Class […]
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
COVID’s disruptions have created an acute awareness of the need for innovation.
New product will combine Drivewyze communications systems with other data to provide warnings on a longer list of troubles up ahead
FEMA is trying to plan ahead for supply chain bottlenecks related to pandemic response and says it needs private sector help. New antitrust immunity on information-sharing should help.
Austin-based FloorFound manages the return process of furniture, appliances and other oversize items.
A California-based trucking and warehousing company, forced to cease operations more than a year ago, filed for Chapter 7 liquidation.
A court-appointed receiver has assumed control over Canadian cross-border trucking companies Kings Cargo Express and Canada Cargo Lines in Manitoba, which owe CA$2.2 million to Toronto-Dominion Bank.
Omaha-based Manning’s is focused on agribusiness, adds 15 employees to FitzMark
Redwood Logistics on Tuesday announced it has added payment processing capabilities from TriumphPay. As Redwood’s primary payment partner, TriumphPay will handle all carrier payments, allowing trucking companies to manage their transactions from one central location. The partnership also will allow the Chicago-based Redwood to expedite payment processing. “Maintaining Redwood’s vast carrier network is at the […]
GameAbove Capital takes equity stake in Pro-Tech Group’s patented technology for better utilization of empty railcars.
Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 per share from the same period last year. The company reported quarterly sales of $3.1 billion. This is a 76% decrease over sales of $12.6 […]
S&P Global Ratings extended its bullish appraisal of electric vehicle maker Tesla (NASDAQL TSLA), upgrading the company’s debt rating from B+ to BB-. The raise puts the electric automaker just two notches from “investment grade” ratings. “The stable outlook reflects our view that Tesla’s competitive position remains solid and its credit metrics will stay in […]
Cold storage operator Americold expands its portfolio again, this time in a $1.74 billion bid for the world’s fourth-largest provider. Americold plans to offer 33 million common shares in total to facilitate the deal.
The top 25 freight forwarders are now only winning 30.5% of the freight they bid on, as opposed to their previous rate of 53.3%.
Sikh driver community is very active, sending in big number of comments on FMCSA’s fact-finding mission
A look at how college English major Amy Davis navigates hydrogen fuel cells and other alternative energies at Cummins, the trucking industry’s top engine maker.
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
Saudi Arabia-based Tachyon joins the Blockchain in Transport Alliance.
A different future for The Apple Store?
The less-than-truckload industry continues to expand its footprint. Saia Inc. has added terminal capacity again, this time transitioning into a new 200-door terminal in Memphis, Tennessee.
The Canadian government will invest C$33.4 million in the inland Quebec port.
Company scrambles to set the record straight after drivers are mistakenly told settlement instructions were part of phishing attempt
The technology needs to be modular, meaning you can pick and choose how you want to instrument your fleet.
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
Truck drivers for Dallas-based Trinity Logistics Group say they were blindsided by the carrier’s recent decision to close its heavy-haul operation.
A ransomware gang has posted thousands of files after a cyberattack on Daseke, exposing truck drivers’ personal information.
The vote to complete a reverse merger for commercial electric pickup startup Lordstown Motors is set for Oct. 22 amid greater than run-of-the-mill business risks.
The Port of Charleston set a September record by handling 195,101 TEUs.
Commodity diesel prices are higher for the week but most of that gain came several days ago
The U.S. Federal Maritime Commission will consider a change in its regulations that would allow filing of service contracts up to 30 days from the agreement’s effective date.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
Spirit Hub works on a direct-to-consumer (DTC) model and uses three-tier distribution to stay regulatory compliant and deliver directly to customers.
Amazon (NASDAQ: AMZN) vs. Walmart (NYSE: WMT)? That one-on-one skirmish is old news. As COVID-19 reshapes the American shopper, money is pouring into a cluster of new and existing grocery delivery platforms. The latest: Grocery service Instacart said in a blog post Thursday it raised $200 million in new financing. The deal values Instacart at […]
The U.S. Federal Maritime Commission will consider the French liner carrier’s relief petition to give it time to clean up its systems.
Tracy Cox, the former office manager of trucking company Corico Inc., was sentenced to two years in prison for wire fraud.
Container chassis management model in the U.S. challenges advancement of full-circle tracking technologies.
PowerFleet telematics will be deployed on more than 1,000 pieces of Ryder’s material-handling equipment at over 30 sites across North America.
Adopting the right technology is key to executing better communication.
Soaring demand and a lack of truck capacity have industry participants calling for double-digit rate increases in 2021. UBS transportation equities analyst Tom Wadewitz outlines his bullish call in a note to clients.
A specialized freight brokerage is backstopped by 425 reefer tractors.
A grocery supply chain expert told the FreightWaves Last Mile Logistics Summit that grocery stories are not feeding the Canadian appetite for online shopping.
AI startup Nauto claims to have saved fleets nearly $180 million in accident costs.
Brad Hildebrand discussed Cargill’s reliance on dependable rail service during FreightWaves Last Mile Logistics Summit.
Liftit co-founder Brian York on the challenges and opportunities of last-mile trucking in Latin America.
Kenco’s Jason Neal explains at the FreightWaves Last Mile Logistics Summit how this service requires drivers to also be resilient customer service representatives.
The U.S. Federal Maritime Commission wants to learn the extent of allegations that ocean carriers are targeting noncontracted service providers for freight payment.
Fleet Enable by Imaginnovate is designed to optimize the difficult logistics of last-mile delivery.
The conversion of natural gas to electricity is not the secret sauce for Hyliion’s drivelines for heavy-duty hybrid trucks. It’s the software that efficiently manages the power.
Erik Caldwell, Last Mile president for XPO Logistics, and FreightWaves President George Abernathy talk about the consumer demand and the last mile in the keynote event for the FreightWaves Last Mile Logistics Summit.
Self-driving trucks will drastically cut down on the need for truck drivers, while also disrupting allied segments like insurance, fuel stations and truck stops.
By the time entrenched incumbents awaken to the threats posed by newly developed general purpose technologies (GPTs), a crop of challengers who had no option but to adopt the new GPT at the outset has become powerful enough to threaten the financial stability of an industry.
Swedish trucking startup Einride makes its autonomous electric “Pods” available for pre-order. Expert: Sweden’s collaborative, vehicle-centric economy drives autonomous trucking leadership. Fresh off a $10 million raise, Swedish trucking technology startup Einride has put its autonomous electric trucks on the global market. Until now, the vehicles, known as “Pods,” had been deployed only in pilot […]
Laredo-based customs broker and freight-forwarder Daniel B. Hastings becomes the latest company in the supply chain targeted by ransomware hackers.
U.S. Federal Maritime Commission steps forward with notice of inquiry to evaluate alleged ocean carrier abuse of “merchant” definition for bill of lading responsibility.
Air cargo traffic keeps Ted Stevens Anchorage International Airport in the same league as FedEx’s and UPS’ super-hubs.
Success in Massachusetts could lead to further adoption across the U.S., supporters assert.
Drayage truckers on the Envase platform have access to an online marketplace that connects them to available parking and storage lots nationwide.
Lean wants to add more clients outside of transportation and logistics.
Transportation capacity has dropped to new lows and the precipitous rate at which pricing is increasing is expected to continue for at least the next 12 months, according to a September supply chain survey.
Defendant is a one-truck company that defended itself at trial
