Monday data from Cass Information Systems showed slight improvement from July to August but the comparisons to 2022 worsened.
J.B. Hunt Transport Services said Thursday after the market closed it has entered an agreement to acquire the brokerage arm of BNSF Logistics.
In what is far from a nuclear verdict, a long-running suit against Knight Transportation in California was settled for $400,000.
Truckload carrier management teams are becoming more encouraged that freight markets are balancing.
Less than 2 weeks after representation election, UFCW already charging regional truckload carrier ECM with actions that may be retaliation. (Photo: LFCW)
I Squared Capital has cobbled together a national portfolio of trailer lessors through M&A representing 55,000 units.
Freight markets showed some signs of exiting a recession in August.
A more than $36 million verdict was issued against Werner over its failure to hire a deaf driver back in 2018.
A small group of New Jersey workers at a division of Werner has voted to be represented by a union, a first for the giant truckload carrier.
Knight-Swift Transportation announced late Friday that its top two executives have taken a reduction in base pay amid other cost-cutting measures at the company.
Werner has filed an appeal to Texas’ highest court of a verdict that now has a more than $100 million price tag.
Shipment declines accelerated in July while total freight spend remained under pressure.
Even truckload companies are being asked how a Yellow collapse might benefit them; Covenant had an answer on its second-quarter earnings call.
PS Logistics said Tuesday it has acquired Jacksonville, Florida-based truckload carrier and broker Rinaudo Enterprises.
FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.
With sequential comparisons as important as year on year, truckload carrier Marten held on in Q2 compared to Q1.
Mark Manera talks driver fitness at FreightWaves’ Enterprise Fleet Summit.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
Knight-Swift has closed on the more than $800 million acquisition of U.S. Xpress.
Freight volumes and spending fell sharply in May, but Cass Information Systems maintains an outlook that the bottom of the cycle is near.
Heartland executives used the UBS transportation conference to boast about the success of the company’s driver pay protection program.
The Logistics Managers’ Index registered contraction for the first time ever in May as transportation-related metrics weighed heavily on the data set.
Alterna Equity Partners announced Wednesday the acquisition of waste and industrial materials carriers Attaway Hauling and Choice Bulk Carriers.
Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.
A 5-year-old judgment against Werner has been upheld on appeal by a Texas court, with the amount now standing at more than $100 million.
Transportation and logistics conglomerate R&R Express announced its second deal of the year on Monday.
The outgoing head of U.S. Xpress is joining a Chattanooga, Tennessee-based nonprofit that focuses on sustainable mobility entrepreneurs.
Data published Monday from freight payments provider Cass says the industry may be close to entering a new cycle.
U.S. Xpress has laid off about 150 staffers and reported a hefty loss to the SEC.
Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.
Truckload carrier Heartland Express missed first-quarter expectations.
Covenant’s biggest announcement in disclosing its first-quarter earnings is that it bought a large hauler of poultry-related freight.
Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.
U.S. Xpress, about to be sold to Knight-Swift, has settled 4-year old litigation regarding its initial public offering.
Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.
TFI International reported first-quarter revenue declines in all four main operating segments.
Schneider said Friday it will be a strategic intermodal carrier for the Canadian Pacific Kansas City rail line from Mexico to Chicago.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
Truckload carrier Marten had a first quarter in which it drove more miles than last year but made less money.
“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.
Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.
The deal to sell itself to Knight-Swift ends a struggle at U.S. Xpress that lasted several years and included the failed Variant initiative.
A report from Cass Information Systems suggests the current softness in freight markets is likely to hang around for “several more months.”
Trucking company Rapid Response has been sold to its employees, investment banking firm ButcherJoseph announced Friday.
Antwan Banks has been chosen to oversee the National Motor Freight Traffic Association’s cybersecurity relationship efforts with the trucking industry.
ArcBest’s firing of the founder and the CEO of MoLo Solutions is part of a reorganization to tighten sales functions across the company, it said.
Transportation rates fell at the fastest-ever pace recorded in February, according to a monthly supply chain survey.
A Tuesday report from Cass Information Systems showed freight shipments in January were flat with December on a seasonally adjusted basis.
Carrier Pam Transportation saw margin pressure in the fourth quarter as peak season didn’t materialize.
Transport company RXO, coming off a solid performance in its first quarter as a stand-alone entity, is “positioning ourselves for the inflection,” according to CEO Drew Wilkerson.
TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.
Daseke said Monday that supply constraints and cost inflation will again push flatbed rates to new highs in 2025.
Truckload carrier Heartland Express missed fourth-quarter expectations Friday.
Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns.
Marten Transport had a mostly steady quarter, with some improvements and some softness.
Temperature-controlled carrier R.E. Garrison Trucking announced it has acquired produce hauler Boaty’s Transport.
Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.
Shippers are seeing relief in freight costs for the first time in more than two years, according to the December Cass Freight Index.
Analysts waxed pessimistic about C.H. Robinson’s near-term outlook, arguing that the company’s culture needs to change.
Demand for 3PL services to handle last-mile shipments of heavy goods will grow by double digits annually through 2025, according to a report by Armstrong & Associates and the National Home Delivery Association.
Cox Transportation announced Wednesday the acquisition of Outwest Express and its fleet of more than 400 tractors and 1,200 trailers.
Tony Tzeng tells FreightWaves’ Domestic Supply Chain Summit that Transfix’s TrueRate+ program is designed to guarantee tenders with an optimal blend of price and service.
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.
PS Logistics said Thursday its fifth acquisition of the year will expand coverage in the Southeast.