Universal Logistics credits its turnaround to the resurgence of the North American automotive industry, particularly in the light-truck and SUV markets.
USA Truck’s third-quarter performance was something management had been foreshadowing for the last few quarters. They were adamant that earnings would improve if the market would cooperate.
CFO Col: ‘We’re not upset when we have to use it’
Spot market transactions are notoriously inefficient and expensive. Digital freight matching can make transactions more straightforward for shippers and carriers alike.
Several key metrics in LTL operations show downturn from last year
Flatbed carrier Daseke Inc. posted a third-quarter result that highlighted the company’s restructuring efforts and easily surpassed analysts’ expectations.
Envase Technologies platform will expand its presence in Canada with the acquisition of TMS provider Tailwind Transportation Software.
Onfleet, a San Francisco-based provider of delivery management software, announced on Friday it has raised $14 million in Series A.
In today’s edition of The Daily Dash, shippers want to know how a broker transparency rule would impact them. Plus, Schneider and Werner are among those reporting earnings and carriers weigh in on the election.
In 2016, then-candidate Donald Trump made a lot of promises to trucking and the freight industries. As he looks for four more years, how many has he fulfilled?
Olsavsky says transport spending is in a multiyear ramp-up as the company posts solid third-quarter results.
Appeals court sets Nov. 30 deadline for prosecutors to file petition for rehearing in Pilot Flying J case. Photo: Wesley Tingey/Unsplash
Hub Group sees a strong demand environment continuing as most of its customers are operating with lean inventories. The company expects tight freight fundamentals to create a favorable rate environment in 2021.
Universal Logistics reported revenue of $365 million during the third-quarter, a 2.8% decrease compared to the same period last year.
Sales of used vehicles set a record, up by two-thirds from a year ago and 40% sequentially
The e-commerce retail and logistics giant’s bottom line is healthier than ever.
Reliance Partners’ John Seidl touts the importance of understanding queries and advises drivers to steer clear of marijuana, regardless of what California or Colorado permits.
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.
Trucks moved $33 billion worth of freight between the U.S. and Mexico in August, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Everyone has been impacted by the current political, economic and health climate in the U.S. For the health science industry, these challenges are amplified.
Chassis manufacturer anticipates chassis shortage as COVID-19 subsides as well as desire among pool operators to replace aging units.
Wex said global uncertainty around COVID-19 affected its fuel card payment processing and corporate travel segments during the third quarter.
Shippers that trust their technology also trust their technology provider. That’s why XPO’s Connect platform resonates with shippers.
A FreightWaves survey of top election issues as viewed by motor carriers found the economy top of mind ahead of Tuesday’s election. Taxes and regulations tied for second.
Operating income up 21.7% while revenue up just 2.7%; performance far better than Wall Street forecasts
Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still has ample cash to pursue other initiatives.
Autonomous trucking company Plus has filed its safety self-assessment report as concerns persist about the usefulness of the voluntary reports in determining the safety of a given self-driving system.
Truck drivers weigh in on Trump’s transportation policy prior to Election Day.
Danish third-party logistics services provider’s bottom-line benefits from easing COVID-19 during summer months.
The Defense Department, the biggest logistics organization in the world, is putting its expertise to work developing a strategic plan for efficiently delivering a COVID vaccine to every corner of the country.
In today’s edition of The Daily Dash, shippers urge FMCSA to allow pausing of a driver’s 14-hour clock; the driver shortage is still the top industry concern; and UPS outperforms in Q3.
Its sale from a bankrupt firm complete, Rand rolls out new product, has been generating cash for more than a decade
Werner Enterprises sees the current tightness in the truck market continuing into 2021 as inventory restocking will take multiple quarters to accomplish and drivers are in short supply.
Would a requirement to automatically disclose information to carriers run afoul of confidentiality clauses?
TuSimple has secured property for a new logistics hub in an innovation zone located near the Fort Worth Alliance Airport.
Werner Enterprises’ third-quarter result comes in ahead of analysts’ forecasts.
For the fourth consecutive year, a shortage of drivers topped the Critical Issues in the Trucking Industry survey conducted by the American Transportation Research Institute.
“Efficient and safe delivery of COVID-19 vaccines around the world is the most urgent logistics challenge we face today.”
NTSB raises safety implications of potentially increasing workday to 19 hours.
Higher U.S. operating costs take center stage in discussion of company’s outlook.
Orbcomm Inc. reported a loss of $5.5M in its third quarter and a net loss of $0.07 per share. The company had revenue of $61.7M for the quarter.
Dana Inc. sales rose 85% above second quarter as most markets rebounded from COVID pandemic. The company also invested in a maker of electric vehicle software.
A half-dozen basic physical characteristics of ocean containers should be considered before shippers or their packers stuff them.
With less than a week to go before Election Day, analysts and CEOs weighed in on what the future may hold for trade with Mexico.
In quarterly earnings report, company reports decline in revenue but big jump in net income
Uncertainty will be the challenge to overcome as 2020 comes to a close. DDC’s Donna Kintop suggests carriers pay close attention to rising freight volumes, the ongoing pandemic and political tensions both domestic and abroad.
Data Gumbo uses blockchain to automate transactions between buyers and sellers using a combination of data held by those parties and other third parties as verification.
The freight industry is inching closer to electrification and autonomy, and much of the action is taking place in the distribution yard. Among the beneficiaries is Outrider, a startup that automates operations for logistics hubs. On Wednesday, the Golden, Colorado-based company announced it had closed $65 million in Series B funding. Koch Disruptive Technologies led the […]
Election 2020: It’s hard for long-haul truck drivers to predict where they will be from week to week, but most say they plan to be at the polls on Election Day, Nov. 3.
In today’s edition of The Daily Dash, Daimler and Waymo team up on autonomous trucks; ATA and TCA lay out their priorities for the next administration; and Old Dominion Freight Lines sets a record.
Revenue climbs to more than $21 billion, a near 16% gain.
Truck drivers and farmers banded together to ensure a trucker’s terminally ill son has the best fifth birthday possible.
A driver shortage worsened by the coronavirus pandemic and failed drug tests topped the American Transportation Research Institute’s list of critical issues in the trucking industry for the fourth consecutive year.
Logistics giant Ryder System has launched a venture fund targeting startups in supply chain and transportation tech.
Hivemapper, a crowdsourced mapping network, will expand its collection model to include capturing data via cars and trucks.
Revenue and earnings beat estimates; improved OR might not stick but there are broader goals at the company
Managing for yield, Robinson shuns truckload volume growth to take a double-digit price increase.
Separate protests in Mexico have been disrupting railways and highways in the Mexican states of Chihuahua and Michoacán since mid-August.
Company claims over 400,000 drivers and approximately 93,000 commercial vehicles will get relief from the waiver.
Less-than-truckload carrier Old Dominion looks to build on its record third-quarter operating ratio in what it expects will be a “robust” 2021.
Diesel and advanced powertrain maker Cummins Inc. reported the largest quarter-to-quarter increase in revenue and profits after suffering its worst sales drop in its 100-year history — a stark example of the so-called V-shaped recovery.
David Fisher’s 30 years of industry experience is expected to advance the university’s graduate program for transportation, logistics and supply chain executives.
As the Nov. 3 election quickly approaches, both ATA and TCA are positioning to work with the next administration.
In the world of politics, the complicated distribution of a COVID-19 vaccine is greatly simplified. It must be for messaging and public confidence. President Trump, in his rallies and in the first presidential 2020 debate, said the deployment was “logistically all set up” using soldiers to deliver “200,000 a day.” But is it really that simple? Absolutely not.
Amazon gets the pick of the litter. Its latest hire is an American Airlines executive picked to run local terminals.
Biden victory may seriously jump-start transport-funding negotiations, group says.
Two of the biggest names in trucking and autonomous vehicles to partner on Class 8 truck development and deployment
Less-than-truckload (LTL) carrier Old Dominion sets a new operating record on its way to a 19-cents–per-share third-quarter earnings beat.
In today’s edition of The Daily Dash, trucking has plenty at stake in the upcoming election; ATA says it must win its legal fight over Rhode Island truck-only tolls; and a pilot program for under-21-year-old military CDL holders is struggling to find participants.
A former Ingram Micro executive to run the $3.2 billion enterprise logistics and brokerage firm.
Company had forecast an OR in the low 90s and got there; tractors reduced but Parker says it’s part of the plan
Deutsche Bank’s geofencing data shows less-than-truckload terminal activity at XPO accelerated during the third quarter while other carriers saw moderation.
We’re shopping online for products at levels not expected for 10 years because of the pandemic. Delivery companies are trying their best to stay ahead of the parcel tsunami coming at them for the holidays.
Seven questions for TrophySmack’s Matt Walsh about having a diversified fulfillment strategy.
If truck-specific tolls are set there, expect the practice to spread to other states, group head tells virtual meeting
Amazon’s new fulfillment center in Waco marks the eighth facility the Seattle-based company has opened in Texas since June.
Control of the Senate will be critical for the 2021 reauthorization process.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: DHL Express invests $53 million in Mexico fleet expansion; $7M in cocaine seized in Laredo; Mexico authorizes new commercial seaport in Sinaloa; Transmute raises $2 million in seed funding.
Independent owner-operator Howard Salmon’s son, Liam, who will be 5 on Thursday, is battling a rare pediatric brain tumor with no cure called DIPG.
In today’s edition of The Daily Dash, volumes and rates take a step back; complete coverage of FreightWaves’ Cold Chain Summit; and CDL fraud.
Tenders and rejections remain elevated as peak season begins.
An announcement on CSA safety scoring is “in the near future,” Deck confirmed.
One of Canada’s largest trucking and logistics firms, Mullen Group, is being flooded with potential acquisitions as companies seek to sell, according to its CEO.
While EDI is a standardized way of data transfer, API provides flexibility and allows companies to customize and call the data sets that they want whenever they want.
The blockade from the Border Union of Operators of Nuevo Laredo is to protest increasingly longer wait times and inadequate service at Laredo’s World Trade Bridge.
41 sentencings since 2016 resulted in 54 years of incarceration for CDL violators.
The Q3 pattern for truck makers continued at Daimler Trucks with orders recovering dramatically from the second quarter but sales and earnings trailing because deliveries fell due to the pandemic.
State’s suit to compel adherence to the law gets a boost; expensive campaign to allow ride-share drivers to remain independent contractors heads toward the finish line
As the temperature-controlled supply chain continues to call for greater transparency to ensure food safety, Penske Logistics welcomed the opportunity to ensure its cold chain operations were the gold star in the industry.
“Inside the Four Walls of Cold Chain Mobility” was the topic of a virtual fireside chat at the FreightWaves Cold Chain Summit.
German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
SkyBitz and Coretex have joined forces to launch an integrated platform for collection and reporting of temperature-controlled data and trailer-tracking services.
Speaking at the FreightWaves Cold Chain Summit, Gatik’s head of operations Sam Saad said the company is moving closer to having truly driverless vehicles on roadways by next summer.
New tech, marketing and sales solutions augment Lean’s original back-office staffing service.
On this week’s Drilling Deep, host John Kingston brings in his colleague Mark Solomon again to talk about the state of the U.S. Postal Service. Solomon was a guest on Drilling Deep not all that long ago to talk about the same subject. But the amount of new controversy that has arisen since then means […]
TFI International said it will not move forward with its planned acquisition of Canadian trucking company APPS Transport as CEO hints at issues with federal regulators.
In today’s edition of The Daily Dash, Landstar is the latest carrier to predict a strong fourth quarter. M&A activity could be hitting the brakes and a truck driver is charged for driving into a crowd of protesters.
Trucker Path joins the AI revolution, converts free customers to paying
Clock is ticking for federal prosecutors to decide their next steps after appellate court overturned former Pilot President Mark Hazelwood’s conviction,
