The 3PL’s first-quarter update is bearish on truckload rates.
“The new model is flexible and brings together dedicated support teams highly trained on one or a few shippers’ needs and operating requirements,” said Convoy founder and CEO Dan Lewis.
Kenworth Truck Co. joins a select few truck manufacturers in reaching its 100th anniversary, which features two special edition trucks.
Advantages of hydrogen-electric trucks were touted at Senate hearing while ATA warned against aggressive timelines.
Ryder’s 2023 profitability forecast assumes lower numbers due to falling used truck prices.
The Teamsters union says it wants more details before agreeing to any of less-than-truckload carrier Yellow’s operational changes.
After a surge in orders in December, trailer OEMs follow truck manufacturers in reporting slower bookings with large backlogs.
One analyst expects Norfolk Southern will pay up to $50 million following its Ohio derailment — about 1.7% of its 2022 profits.
Prosecutors allege former Slync CEO Chris Kirchner misappropriated over $28 million from the company he helped launch to fund his lavish lifestyle.
A year ago, they fought over patent infringement. Now Ouster and Velodyne are one company seeking to win in the overcrowded lidar market.
Two groups within the International Association of Machinists and Brotherhood of Railway Carmen have reached sick leave agreements with eastern U.S. railroad CSX.
Truck safety regulator will host webinars to discuss revisions aimed at keeping more high-risk violators off the road.
A Tuesday report from Cass Information Systems showed freight shipments in January were flat with December on a seasonally adjusted basis.
Norfolk Southern told the EPA other chemicals besides vinyl chloride were released into the local environment in the Ohio train derailment.
A report commissioned by railway supply manufacturers suggests that direct and indirect contributions by the industry to U.S. GDP exceeded $75 billion in 2020.
Retail diesel prices are coming down, but their spread against futures and wholesale rates remains wide in comparison to past levels.
The UPS-Teamsters contract’s so-called 22.4 classification is unpopular with the union because it is seen as an unjustified second-class role for drivers.
The Canadian Trucking Alliance and OOIDA call on President Joe Biden to end the U.S. border vaccine mandate.
Cummins Inc. will retire two legacy engines, replacing them with one fuel-agnostic powertrain for medium- and heavy-duty trucks.
Business is very soft in the air cargo sector and likely to get softer still, but there are signs that demand could spark up in the second half of the year.
The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.
Many players have entered the U.S. parcel-delivery market in the past five years. They all lack the scale to efficiently manage millions of diverted parcels should the Teamsters strike UPS, experts said.
This week in Borderlands: The Port of Corpus Christi finishes 2022 with a new tonnage record; Emergent Cold Latin America acquires Mexico-based Qualianz; J&J Snack Foods is opening a major logistics hub in Dallas; and CBP seizes more than $5 million worth of meth hidden in a shipment of radishes.
Lunar New Year normally brings a slow shipping period for imports, but the lead-in period was also lackluster. With many companies calling for a return to seasonal patterns later in the year, just how close are we to that being a reality?
The International Association of Machinists and the National Conference of Firemen and Oilers have reached sick leave agreements with eastern U.S railroad CSX.
This week: St. Christopher brings its benefit concert to a live audience; Lytx awards its customers’ drivers and coaches for top safety records; and XPO Logistics pledges another year of trafficking awareness training for employees.
Union members are putting a spotlight on the derailment of a Norfolk Southern train in Ohio, with the Transportation Trades Department calling for greater safety oversight from the Federal Railroad Administration.
U.S. Postal Service is aiming its two- to five-day delivery window at budget-conscious shippers and consumers.
Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.
With the inflation-squeezed consumer running through their discretionary budgets, freight demand is in a precarious state.
Batteries. Electrified components. Fuel cells. Cummins Inc. has plans for all of them. But hydrogen-making electrolyzers top the list.
The TIA, the leading industry association representing brokers, is ramping up its fight against fraudulent double brokering.
Despite record-low unemployment, the packaging giant behind Bubble Wrap says consumers aren’t buying red meat or shopping online like before.
Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.
U.S. Xpress lost money again, but some data points show improvement.
Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.
Lawmakers are invoking the Congressional Review Act to overturn an EPA rule they say is too costly for truckers — but chances for success are slim.
Beer is too expensive, but consumers are happy to spend top dollar on hard liquor.
XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.
Shares are trading down sharply after Forward Air reported shipping fewer pieces per shipment than expected in the fourth quarter.
FreightWaves chatted with Wabtec’s Philip Moslener, who leads Wabtec’s advanced technologies team, about why companies should conduct research in hydrogen in locomotives.
Aloha Air Cargo is seeking to change an unusual federal limit on its fleet size so it can deliver more mail between the Hawaiian Islands.
Chicago Rockford is moving into the major leagues of cargo airports with big expansion plans and the arrival of a global ground handling agent.
After a bounce in January, containerized imports could drop this month to the lowest level since May 2020.
The latest freight congestion data builds a case for better targeting of billions of dollars in new government infrastructure money.
The U.S. Postal Service is canceling its mail contract with a California-based trucking company with a history of safety violations and drivers who were involved in two fatal crashes in the past two years.
New sick leave policies are in place at CSX for maintenance-of-way employees and railway carmen.
Cargo thieves stole more than $223 million worth of merchandise in 2022, led by household items, electronics and food and beverage goods.
Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”
Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.
Engine maker Cummins backs OEM projections of a strong 2023 for new trucks. If the China market recovers, look for an earnings bounce.
TFI’s chief downplayed any talk that goes beyond operational synergies, but analyst Jason Seidl said TFI wants to marry ArcBest.
Less-than-truckload carrier Yellow filed revised notifications with the Teamsters seeking more subdued changes to operations after receiving pushback from the union.
A monthly survey of supply chain executives released Tuesday revealed signals that transportation markets could be poised for a recovery.
Less-than-truckload booking platform MyCarrier is automating insurance coverage for the 10,000 shipments it is booking daily.
Oak Ridge National Laboratory, Argonne National Laboratory and Wabtec are in the middle of a four-year project aimed at developing a locomotive engine that can incorporate both diesel and hydrogen.
TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.
The benchmark DOE/EIA diesel price dropped Monday, as the market swings into a new era of restrictions on Russian diesel exports to the European Union.
A maritime law judge has ruled that ocean carriers violate the Shipping Act when they limit container chassis choices for intermodal truckers.
Air Transport Services Group will see its Amazon business dip this year as the retailer decreases freighter utilization to match slower retail sales.
Former Celadon trucking officials have settled a fraud case with the Securities and Exchange Commission.
For more than 50 years, a familylike bond has existed between FedEx management and employees. After a round of job cuts unprecedented in scope, that bond rests on shaky ground.
Engine maker Cummins Inc. posted 2022 records in key financial metrics as it worked to integrate its Meritor acquisition.
Burrell Aviation has named an ex-Southwest Airlines director to lure cargo airlines to properties it controls at second-tier airports.
The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.
This week in Borderlands: Xcell Logistics sees big opportunities with cross-border trade; BMW to invest around $800M in Mexico in EV push; sensor-maker announces new factory in Mexico, creating 700 jobs; and Careismatic Brands moves into major distribution hub in Dallas.
Many people get hung up on trying to figure out how much capacity is readily available in trucking when they should be more focused on monitoring demand trends.
Class 8 truck orders in January fell year over year for the first time since August, lightening the 2023 backlog.
Maintenance downtime at Sun Country cut into cargo revenue and growth was limited by slower Amazon e-commerce business.
FedEx Freight on Friday announced the second round of temporary furloughs of drivers in past three months.
Consumers’ appetite for discretionary spending has been usurped in favor of squirreling away income into personal savings.
Truckload carrier Heartland Express missed fourth-quarter expectations Friday.
A cross-section of Industry experts offer thoughts on how transportation management systems will integrate with autonomous trucks.
The annual revision to the BLS employment model showed a lot more workers in truck transportation last year than originally estimated.
Rail shippers see Transport Canada’s amendments to collect more freight rail data as a good start, but they maintain that more can be done.
The tanker industry has a storied history of corporate showdowns. The latest, a three-way tussle involving Euronav, looks far from over.
The day after C.H. Robinson announced disappointing fourth-quarter earnings, the analyst community showed little optimism for the 3PL leader’s near-term future.
Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.
Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.
If history is a guide, advanced technologies in Daimler Truck North America’s SuperTruck II prototype could end up in production.
Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.
Enterprise carrier growth shows that U.S. trucking saw more capacity enter the market in 2022, even as the economy cooled.
Interim CEO Anderson says cost savings target is $150 million by the end of the year; Global Forwarding drags down Q4 earnings.
Republican lawmakers blame the Biden-backed $1.2 trillion infrastructure bill for boosting inflation and vow to step up oversight on how the money is spent.
The Wall Street Journal reported a federal watchdog group urged an espionage probe into TuSimple leaders, but the company denied the report.
The 2M partnership between MSC and Maersk — which is breaking up — is the smallest of the three alliances. The Ocean Alliance is much larger.
The announcement is part of a reduction of 12,000 jobs since FedEx’s 2023 fiscal year began.
XPO, on its way to becoming a pure-play LTL carrier, received an upgrade in its debt rating from S&P Global Ratings.
After a notice Tuesday by the Federal Motor Carrier Safety Administration that it is revoking an electronic logging device — TMS ONE’s ELD ONE — from its list of self-certified ELDs, CEO Radu Murzac says the company is working on a fix and plans to have the “final issue” resolved in less than two weeks.
Freight projects around the U.S. too large for traditional federal grants have received a major cash infusion.
A bill before the Iowa Legislature seeks to restrict the length of freight trains operating in the state to 8,500 feet.
Less-than-truckload carrier Old Dominion moved forward with a long-term succession plan Tuesday, announcing that its chief operating officer will replace its CEO in July.
Daimler Truck created capacity for 2,000 battery-electric trucks in 2022, but the lack of charging infrastructure stunted deliveries.
In a first for the FedEx unit, it will reward or punish driver contractors based on whether they attain gold, silver or bronze grades.
Regulators are asking the public to comment on how much more federal oversight will be needed before Level 4 and 5 automation can be safely deployed.
UPS’ CFO warns of a “bumpy road” ahead, while its CEO extends an olive branch of sorts to the Teamsters ahead of contract talks.
The National Highway Traffic Safety Administration fined the Volvo Group $130 million for slow reporting of safety recalls.
It’s the end of an era for the “Queen of the Skies.” Boeing will make its final 747 delivery on Tuesday, but cargo airlines could fly them for another 40 years.
FreightWaves, the leading price reporting agency to the North American freight market and provider of high-frequency global supply chain data, boosted year-over-year revenue growth in the fourth quarter.
The benchmark diesel price used for most fuel surcharges increased this week, but trends are pointing lower.
