Broker Landstar System’s first quarter showed the year-over-year declines are lessening while the trucking industry awaits an inflection to a prolonged freight recession.
Investors cheered Ryder’s earnings, which weren’t immune to the weakness in the trucking market.
Triumph Financial CEO Aaron Graft talked future opportunities as growth engine TriumphPay flipped to negative EBITDA in the first quarter.
Prologis modestly reeled in 2024 expectations on Wednesday as it believes the recent demand weakness is tied to near-term uncertainties.
Logistics warehouse landlord Prologis modestly lowered expectations for 2024 on Wednesday.
In an environment where theft is a growing issue, knowing what’s covered is crucial.
Over the past several years, the logistics industry has been propelled into the digital age by a powerful combination of consumer expectations, government regulations and technological innovations. Some companies have […]
OGRE’s successful conversion of Brokerage and Transportation Sales to its technology and services platform increases logistics accuracy, speed and customer satisfaction.
A holistic visibility tool goes beyond simply providing data, instead creating a pathway for companies to identify and mitigate risks proactively.
Moody’s held its investment-grade debt rating of RXO, but its outlook was shifted to negative.
Onshore well services provider Enservco Corp. has entered an agreement to acquire Buckshot Trucking.
ArcBest announced a partnership with Nvidia in which it is swapping out 3D lidar sensors for an AI-based technology.
Texas-based vertical farm Eden Green Technology will grow, package and ship herbs from one of its two greenhouses in Cleburne.
Broker Landstar System has added two top sales positions following its CEO transition.
The two key ratings agencies expressed caution about the debt metrics on GXO’s acquisition of Wincanton. (Photo: GXO)
Supply chain software provider E2open, with Elliott Investment Management holding a big stake, has launched a “strategic review” on its future.
FreightWaves’ Mary O’Connell and Cargado CEO Matt Silver break down the changing role of 3PLs in U.S.-Mexico freight movements.
Echo Global Logistics CEO Doug Waggoner sees the potential for spot rates to rebound by the end of the year.
Motor carriers’ insurance rates show little sign of slowing down.
Over 570 layoffs hit freight-related companies in California, Illinois and Michigan, with firms citing market conditions and loss of customers as reasons for the job cuts.
Shippers can unlock 10-15% cost reduction via an analytical approach, handled entirely by a trusted partner
Flexport has launched the Convoy Platform, aiming to boost the logistics ecosystem for shippers, carriers and brokers.
The newest regulation on insurance in New Jersey brings uncertainty to the motor carrier world.
Samsara is working to create a system of record specific to physical operations, helping users conceptualize variables like fuel consumption and asset location.
Ryder has a plan in place to reduce its reliance on equipment leasing. Its progress could be seen in its earnings.
Radiant Logistics reported adjusted earnings ahead of consensus for its fiscal second quarter ended Dec. 31.
RXO’s fourth quarter was slightly better than the third, but overall, the 3PL had its challenges last year.
The Logistics Managers’ Index for January showed transportation prices are increasing as retailers take on inventory.
Landstar System said Thursday that a recovery won’t likely occur until summer.
This ambiguous landscape makes it even more crucial for 3PLs to understand what their cargo insurance does — and does not — cover.
Averitt Express recently moved into a new distribution center in the Nashville area as part of several major facility upgrades in Tennessee.
There was little good news in C.H. Robinson’s fourth-quarter earnings.
Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.
Reliance Partners Executive Vice President of Sales Jackson Alexander believes that understanding the underwriters point of view can help carriers navigate the insurance renewal process.
C.H. Robinson said 10 of the top less-than-truckload carriers on its platform are now using electronic bills of lading.
Supply chain software providers Manhattan Associates, Blue Yonder and AWS Supply Chain used the National Retail Federation’s annual meeting to tout new offerings and discuss recent challenges.
WWL Vehicle Services Americas is closing a Houston logistics operation and moving to Freeport, Texas.
Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.
Freight brokerage Coyote Logistics has slashed an unspecified number of jobs in its sales and operations divisions.
GXO Logistics is closing a Memphis distribution facility and laying off 211 workers.
Ryder has opened a major distribution center in Indiana for printing giant Lexmark, which has manufacturing sites in the U.S. and Mexico.
New CEO must reverse long-term stagnation in shareholder value.
Seattle-based logistics startup Flexe is laying off 99 workers, its third round of layoffs in two years.
A decision by the U.S. Supreme Court not to review a case involving broker liability leaves that question unresolved among the circuit courts.
Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.
Chattanooga, Tennessee-based 3PL Kenco announced Thursday it has acquired third-party warehousing services provider The Shippers Group.
The Logistics Managers’ Index report showed transportation metrics worsened again in December but noted recent inventory cuts could put the freight cycle back on track in 2024.
Waggon plans to add multiple new employees to its roster in 2024. Above all, it is important for these new hires to be curious and excited to learn.
At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.
Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.
A panel at a conference on private equity in transportation reviewed the reasons why Convoy collapsed.
Walter “Mitch” Mitchell, CEO of Tai Software, urges freight brokers to build their businesses in areas that benefit customers before deciding whether to buy or build a TMS platform.
GlobalTranz prefers the Supreme Court not review its appellate court victory in a case involving a fatal accident.
Every time data has to be copied or rekeyed, the process slows down the supply chain and increases the risk of introducing errors.
Broker Landstar System announced Monday after the market closed that its CEO Jim Gattoni will be stepping down early next year.
On a day-to-day basis, friction is characterized by manual processes, inefficient workflows and high volumes of human involvement.
XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry.
Cold storage and logistics provider Lineage Logistics is working on an initial public offering that will value the company at more than $30 billion, Bloomberg reported Tuesday.
Lineage is bolstering its Canadian cold chain logistics network with the expansion of a facility in Calgary.
A request for the Supreme Court to review a lower-court ruling could bring clarity to conflicting decisions across multiple courts about broker liability.
A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S.
TRAUXIT is on a mission to modernize the trucking industry by introducing a technological offering that creates a win-win situation for carriers and shippers alike.
Carter Andrus has been named COO at Prologis, effective Jan. 1. Current COO Gary Anderson will become senior adviser and retire on June 30.
Coyote Logistics won a legal battle over liability, but the victory may have repercussions beyond this particular case.
The pandemic hype about $4-per-mile truck rates lasting forever crashed to earth in the past year, leaving disillusioned small carriers looking to get out.
More than a dozen logistics firms have been recognized among North America’s fastest-growing companies.
A fireside chat about Convoy’s demise and impact helped kick off FreightWaves’ three-day F3: Future of Freight Festival in Chattanooga, Tennessee.
FreightWaves’ Innovation Alley at the Future of Freight Festival featured a demo by customer support automation platform Kodif.
Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.
EFW said Monday it has closed on the acquisition of Superior Brokerage Services, which doubles its revenue and warehousing capacity.
A white paper by factoring company OTR Solutions highlights risks it sees from the combination of 3PL bankruptcies and asset-based lending.
Approximately 65 employees for Pittsburgh-based Elite Transit Solutions were laid off via Microsoft Teams on Friday. This is the second round of job cuts the freight brokerage has experienced over the past month; about 20 employees were let go on Oct. 20 because of the “current economic situation,” according to sources familiar with the layoffs.
By providing door-to-door visibility capabilities — and paving the way for stronger connections between industry players — project44 can help shippers and logistics service providers more from reactive to proactive.
Online sales are expected to grow between 7% and 9% over 2022 levels, the National Retail Federation says.
Logixboard’s best-in-class customer experience allows freight forwarders and logistics service providers to tie their internal systems into a single easy-to-navigate platform.
3PL C.H. Robinson had a weak third quarter, as expected, but the late trading in its stock liked what it heard.
As large e-commerce businesses have raised consumer expectations, midsize and smaller logistics companies must keep up and provide the same on-time delivery, visibility and experience. When something goes wrong — and it often does — they must figure out how to adjust quickly by leveraging data from their supply chain.
FreightWaves’ F3: Future of Freight Festival is next week. Here are some of the companies that will be coming.
Tough freight market hits Echo’s debt ratings, down a notch at S&P.
Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.
TFI’s overall third-quarter results reflect a weak macro environment.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.
Soy Transportation Coalition director says farmers diverting product from weak export market.
Prospective acquirers are looking at Convoy’s platform and engineering and product teams.
Digital brokerage Convoy is closing, with no buyer coming in to rescue its operations.
Digital brokerage Convoy has canceled all shipments and shut its load board, with an announcement of its future upcoming.
Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.
The logistics industry is collaborative by nature, and project44 regularly embraces partnerships to create and improve data-driven solutions for their customers. Over the past few years, Google Cloud has become one of the company’s most impactful partners.
Owner-operators say Titan Transportation Services Inc., doing business as Sunset Logistics, still hasn’t refunded their $1,000 in escrow or maintenance account funds that were withheld from their paychecks after the Grand Rapids, Michigan-based company abruptly ceased operations on Sept. 29.
India’s population — and its designation as the most populous country in the world — is one of its biggest advantages. The sheer number of people in India contribute to both the nation’s plentiful workforce and its huge consumer market.
Supply chain software provider e2open has parted ways with its CEO while the CCO has laid out problems with its sales operations.
Uber Freight has rolled out new technology solutions for its TMS, procurement and use of generative AI.
A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week.
Estes Express has opened up a web portal to communicate with customers amid a cyberattack on the LTL carrier.
Radiant Logistics has acquired a Florida-based logistics partner that provides forwarding services to the cruise lines.
Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.
A September supply chain survey suggests the freight industry is coming out of a recession.
The sale of BNSF Logistics’ brokerage unit to J.B. Hunt will likely involve layoffs of an unspecified number of employees, parent company BNSF confirmed Friday.
In light of today’s soft economic conditions and high inflation rates, companies should have plans in place for providing standout service without blowing their own budgets going into peak season.
