Interstate Health Systems hopes to open 40 to 60 locations catering to the health care needs of truck drivers, motorists and communities over the next two years.
Flatbed trucking company Daseke announced Monday it is repurchasing the nearly 30% stake in the company held by its founder.
PS Logistics said Thursday its fifth acquisition of the year will expand coverage in the Southeast.
Trucking executives are hopeful the first half of 2023 brings a cycle recovery.
Brokerage giant C.H. Robinson will focus its head-count reductions on upper- to mid-level management, sources say.
Flatbed hauler Daseke said its trucks remain “booked solid” and that it will look to use cost and efficiency initiatives to improve results again in 2023.
Fleet growth will be held steady as the truckload carrier pivots back to a more traditional model.
Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.
Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.
Truckload carriers prepare for the other side of the freight boom.
Ruan announced the acquisition of Michigan-based regional carrier NTB on Friday.
Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”
Truckload carrier P.A.M. Transportation Services reported better-than-expected third-quarter results on Thursday after the market closed.
Covenant Logistics announces in its third-quarter earnings release that Paul Bunn will be president and COO in the latest management changes.
Broker Landstar System reported another strong performance in the third quarter. However, the company now comps to the peak of the freight boom.
Knight-Swift Transportation missed analysts’ forecasts for the third quarter and dialed down expectations over the near term.
First-to-report Marten was solidly better than a year ago but with some signs of a slowdown from the second quarter.
This week: J.B. Hunt launches a scholarship program for employee dependents and grandchildren, Maersk’s rainbow container is enjoyed by employees in Cape Town, South Africa, and Schneider receives its 14th Ride of Pride truck.
While earnings estimates remain largely intact for 2022, a September slowdown pushed analysts to take another look at 2023 forecasts.
Canadian carrier Bison Transport announced Wednesday it will be acquiring Pottle’s Transportation on Oct. 31. Financial terms of the transaction were not provided. Hermon, Maine-based Pottle’s operates a truckload fleet of more than 200 tractors and 750 trailers through the U.S. Northeast. It also has a logistics offering and provides yard management and warehousing services. […]
Bay and Bay sells its tank transportation business to the largest food-grade hauler in the U.S.
Werner Enterprises announced its third acquisition since last summer on Monday, adding Baylor Trucking to its one-way operation at an undisclosed price.
Flatbed carrier Daseke said Friday it would repurchase $40 million in stock, following an April request from an activist investor to do so.
Daseke announced Friday a transition at the CFO position and that it expects to achieve its previously announced 2022 financial targets.
Jason Seidl of Cowen says that slowing consumer and industrial activity will be felt in third-quarter results.
This week: A Georgia driver fighting for more women in the industry receives a renovated cab from Transfix, and a safety nonprofit teaches pedestrians and drivers about the dangers of trespassing onto train tracks.
Western U.S. truckload carrier Super T Transport announced it has been sold to Austrian transportation and logistics provider Berger Logistik.
USA Truck said Thursday it has been sold to German 3PL DB Schenker.
This week: Logistics companies, trailer manufacturers and trucking nonprofits prepare to celebrate drivers for National Truck Driver Appreciation week.
Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.
In a Thursday conference call with analysts, U.S. Xpress CEO Eric Fuller turned his focus away from the Variant initiative and toward a return to basics for the truckload carrier.
Truckload carrier U.S. Xpress announced staff cutbacks, capex reductions and reorganization of its operating units.
Grammer Logistics said Wednesday it has appointed industry veteran Scott Dobak to head the company.
This week: Schneider driver becomes first woman to receive veteran Ride of Pride truck, FedEx celebrates 10th anniversary of Purple Eagle program and WIT releases latest diversity index report.
The Federal Motor Carrier Safety Administration issues a temporary exemption to hours-of-service rules for the states affected by BP’s refinery shutdown.
Colonial Freight Systems confirms it will shutdown operations at the end of the month.
PS Logistics has acquired transportation assets from Phoenix Leasing of Tennessee and its sister company Colonial Freight Systems.
Truckload carrier Heartland Express will take on another difficult turnaround in CFI, which it acquired from TFI International for $525 million.
Heartland Express announced Monday the acquisition of CFI’s non-dedicated dry van and temperature-controlled fleet in the U.S. and its logistics operation in Mexico.
Management from J.B. Hunt Transport Services doubles down on long-term growth initiatives in its intermodal unit.
Jake Lawson, the chief commercial officer of truckload carrier U.S. Xpress, is leaving the company, the second key departure in eight months.
Cass data shows changes in freight shipments and expenditures during July were less volatile when compared to prior months.
DAT accuses Convoy of contract violations. Convoy calls DAT a “monopolist” looking to thwart competition at any cost.
An appellate court reversed a lower court decision and found that a one-time Schneider independent contractor was actually an employee.
Truckload carrier U.S. Xpress’ internal startup Variant continues to struggle with high turnover and declining utilization.
Transport and logistics giant TFI posted quarterly gains across the board and raised the outlook for the rest of the year.
P.A.M. Transportation Services reported better-than-expected second-quarter results Thursday.
Schneider National beat second-quarter expectations even with a precipitous drop in gains on sale.
Commentary from the C-suites of trucking remains positive for the 2022 back half.
Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.
Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.
Freight payments data from U.S. Bank showed sequential increases in volumes and costs during the second quarter.
J.B. Hunt Transport Services beat second-quarter expectations despite persistent rail congestion and supply chain bottlenecks.
Temperature-controlled carrier Marten Transport rode higher yield metrics to a record quarter.
KLLM Transport Services, one of the nation’s largest temperature-controlled carriers, on Thursday announced its acquisition of Quest Global.
June shipments data from Cass shows the fourth decline in six months from 2021 levels.
A fireside chat with consultant Paul Estrada discussing how small carriers can maximize relationships to get freight from large enterprise shippers.
Schneider announced the acquisition of deBoer Transportation, a regional dedicated fleet of 160 power units.
Heartland Express made its first acquisition since 2019 with its purchase of Smith Transport, a Pennsylvania-based truckload carrier.
This week: The Women in Trucking Association honors influential women; ANL aims to rehabilitate the Australian turtle population; and C.H. Robinson recognizes its top-quality carriers.
Truckload carrier C.R. England suffered a data breach last fall and this week informed its customers of the potential impact.
The three brothers who own Stan Koch Trucking split into factions years ago, but a court case settles the amount that two of them will need to pay.
FreightWaves founder and CEO Craig Fuller analyzes truckload contract rates and where they may be headed.
Freight demand trends in a softening market continue to be bifurcated with large fleets remaining unscathed so far.
This week: Trailer Bridge and ATS International donate to Habitat for Humanity of Puerto Rico, UPS makes $38,000 in donations to Down Syndrome Alabama and MSC moves Operation Smile medical supplies.
The company beat analysts’ expectations in its first-quarter financial results and named a new head of its brokerage services operation.
The executive envisions a “connected ecosystem” where all capacity and shipments move simultaneously and in real time.
Truckload carrier U.S. Xpress turned in a quarter that was roughly breakeven, but some of the numbers from its Variant initiative deteriorated significantly.
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
On an earnings call with analysts, Covenant Logistics execs talked about the strong quarterly performance but noted that costs beyond fuel continue to rise.
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
truckload carrier Covenant Logistics had record-breaking net income for the first quarter, with improved operating ratios in its key trucking segments.
Truckload carrier Heartland Express beat first-quarter expectations Thursday.
Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.
P.A.M. Transportation Services saw significant growth in its truckload and brokerage units during the first quarter.
Truckload carrier Marten set several records in its quarterly earnings report, and its operating ratio net of fuel surcharges was one of the strongest numbers. But its labor costs were up significantly.
Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.
March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”
Concerns on declining demand and falling freight rates prompted Bank of America to issue ratings downgrades for multiple transportation stocks.
Venerable index gets shellacked as freight issues fall hard.
Getting paid for getting drivers on board is the economic value proposition of the Ambassador program.
Financial technology platform Outgo emerges from stealth with a vertical banking solution that automates bookkeeping functions for carriers.
Higher diesel prices also mean higher costs for empty miles.
This week: Pilot announces details of its three-year remodeling plans; the Women Automotive Network releases diversity survey data; and Fayetteville State University honors successful supply chain interns.
He couldn’t pull off the impossible, but he has made shareholders significantly richer in the process.
The company will become a stand-alone LTL carrier in North America.
A group of carriers and logistics providers has formed to raise money for the people of Ukraine.
The company says its U.S.-based agency with eastern Ukraine operations faces severe disruptions due to fighting in the region.
Truckload carriers continue to pay up for drivers. Dry van carrier Cargo Transporters announced another increase to its pay package.
Refrigerated carrier Hirschbach announced the acquisition of John Christner Trucking. The combination will form one of the nation’s largest temperature-controlled fleets.
The Variant initiative is not yet showing signs of turning the company around.
The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.
“There is an urgent demand for new and innovative ways to increase visibility and efficiencies in the supply chain and improve driver experience, and this investment from our new and existing partners is going to power us to fill that need,” says Platform Science co-founder and CEO Jack Kennedy.
Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.
Nearly a year and a half into a tight truck market and carriers continue to raise driver wages. Midwest Carriers and CFI are the latest to announce increases.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
The truckload carrier’s OR is one of the best in the industry but it’s being done on a smaller base of business.
Truckload carriers have been raising pay for 18 months now to meet heightened demand. But when this trucking cycle cools, don’t expect wages to follow in lockstep.
A lack of restroom access for drivers still plagues the trucking industry.
