OR improved for the company; on analyst call, Fuller says there will be bumps in the road on the way to a new operating model.
Valuations are high and going higher heading into 2021, experts say at Armstrong conference.
Supply chain solutions technology provider Manhattan Associates sees favorable long-term tailwinds as multichannel retail delivery expands.
TFI International reports a large jump in Q3 profits as strong performance from e-commerce heavy-logistics business and wage subsidies make up for weakness in truckload and LTL.
Q3 performance contrasts with loss in corresponding quarter last year
All stakeholders are experiencing used truck momentum despite and because of the lingering pandemic.
Life on the road isn’t for everyone — including dogs. Truckers should ask themselves whether their furry friend will enjoy life on the go.
Investigators charged Bogdan Vechirko, 35, of Otsego, Minnesota, with threats of violence and criminal vehicular operation on Thursday. He allegedly drove through a large crowd of George Floyd protestors on the Interstate 35 west bridge near Minneapolis on May 31.
ZUUM brings shippers, brokers and carriers together to create synergy by resolving the fragmentation in technology adoption, data and capacity.
Amazon’s new fulfillment centers in Guadalajara and Monterrey represent a $100 million logistics investment.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
Expectation, though not stated explicitly, is that the latest group of guilty pleas to federal charges signal cooperation with prosecutors
In assessing customer service in transportation, data is necessary but not sufficient.
The autonomous trucking company is moving toward commercialization of Level 3 trucks, with mass production to start next year.
In today’s edition of The Daily Dash, Knight-Swift sees a strong 2021 ahead; experts are predicting a wild Q4; and Kenan Advantage Group could be for sale.
COVID is believed to have accelerated the exodus of people from cities, but new data suggests the long-term impact on freight flows is more nuanced.
Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.
Rush Enterprises reported lower Q3 sales and earnings. But the truck dealership network exceeded analyst estimates in both top and bottom line.
Forward Air sees 60 cents per share in the third quarter. The earnings pre-announcement comes in significantly higher than analysts’ current forecasts.
Goya Foods, one of the largest Hispanic-owned food companies in the U.S., will invest $80 million in an expansion of its manufacturing and distribution facility in Brookshire, Texas.
Larkin of Clarendon sees record year ahead if things break right.
Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.
Canadian trucking and logistics company Mullen Group reports continued headwinds from the pandemic in Q3 as government wage subsidies help offset drop in revenue.
JAXPORT is there to help as consumers shift from a shop-till-you-drop mentality to a shop-till-it-drops reality.
Knight-Swift Transportation’s third-quarter report provides an earnings beat, a 2020 guidance raise and a better-than-consensus first take at 2021 earnings as the carrier sees “strong freight conditions” continuing.
Rating is non-investment grade; agency notes that the company has been mostly growing through acquisitions rather than organic
The self-driving vehicle company announces new leadership hires; claims 600 employees.
Demand is reducing inventories while sales remain strong, leaving no cushion before sales ramp up as they do in November and December.
Knight-Swift Transportation raises its 2020 outlook and provides 2021 guidance that is well ahead of recently raised expectations.
Shippers can get instant and spot quotes in mere seconds, book loads and track their freight across borders using SCOUT.
In today’s edition of The Daily Dash, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.
OMERS Private Equity is considering selling Kenan Advantage Group, the tank truck carrier and logistics provider, according to a report in Bloomberg.
P.A.M. Transportation Services sees a “marked improvement” as its auto manufacturing customer base gets back to work. The carrier expects “upward rate pressure” as truck capacity tightens.
A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft
Zero-emissions credit sales drive Tesla profitability; heavy-duty truck manufacturers to access REC markets
Logistics real estate investment trust (REIT) Prologis beats third-quarter expectations and raises guidance. Conditions have improved and the runway for e-commerce-related growth appears long.
TruckX has introduced a ruggedized wired ELD setup, which reduces the operational difficulties that come with using a bluetooth ELD solution.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
Logistics real estate investment trust Prologis records a better-than-expected third quarter and modestly raises its 2020 guidance.
PACCAR Inc. earnings fell in the third quarter but the maker of Kenworth, Peterbilt and DAF Trucks continued a string of beating earnings estimates.
Push to capture small-business share of the B2B e-commerce market continues for Chinese giant.
In today’s edition of The Daily Dash, OOIDA will back FMCSA in a lawsuit defending hours-of-service changes. Plus, regional carriers could see a strong holiday season and equipment orders are up and that could complicate 2020 rate forecasting.
The U.S. Environmental Protection Agency has settled with three trucking companies for violating the California Air Resources Board’s Truck and Bus Regulation.
The maker of fuel-efficiency technology for heavy-duty trucks bets on logistics software and the carbon markets.
The EPA and a Southern California air quality district are providing $21.7 million for 70 Volvo Class 8 electric trucks for use in drayage and regional haul, propelling the Swedish truck maker to the lead among battery-powered truck makers.
OOIDA says changes must stay in place to help reverse the rising crash rates.
Former Port Authority of New York and New Jersey executive takes over at IICL from Steven Blust, who will continue in a senior adviser role.
The U.S. land borders with Canada and Mexico to remain closed for nonessential travel at least another month to curb the spread of COVID-19.
FedEx Express will open a $12M, 193,000-square-foot logistics center in the Mexican city of León, creating 150 jobs.
Putting together a comprehensive and effective returns strategy should not be harrowing. While the number of variables, data points, and potential curve balls can seem daunting at first, the right level of expertise can make a world of difference.
Fleetpal is built on VMRS, the universal coding system, allowing it to track and segment equipment failure and operating costs efficiently.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.
Anxious shippers look to regionals after being kicked to the curb by the big boys.
Bottomley Enterprises, a family-owned carrier, recently opened a new trucking terminal, adding around 100 jobs in Mount Airy, North Carolina.
Cocaine, fentanyl, heroin and methamphetamine have been seized from trucks crossing the border in Texas and California.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volkswagen Taos starts production in Mexico; Lalamove launches delivery services in Dallas; Dachser Mexico expands in Querétaro; and OmniTRAX grows in South Texas.
The CARES Act oversight commission is still waiting on a response from the Defense Department regarding its “national security” designation of YRC Worldwide, which allowed the carrier to obtain a pandemic relief loan.
Minnesota-based Stan Koch & Sons Trucking has agreed to pay $165,000 to settle a EEOC lawsuit stemming from allegations the carrier retaliated against a former truck driver.
In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.
Markets consolidate as peak season nears.
Rumors started swirling on Friday that LTL carrier Central Freight Lines was shutting down its western division, which company President Michael Brennan told FreightWaves are “100% untrue.”
The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.
Anne Reinke is coming directly from DOT but has a long record in the DC office of CSX
$8 million worth of marijuana and over 2,000 bongs are discovered at the U.S-Canada border during two recent inspections of tractor-trailers.
Also on this week’s edition: diesel did something last week it hasn’t done in at least 30 years.
Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.
AIT Worldwide Logistics’ Bob McGhee shares his thoughts on the best practices for military equipment shipping.
Rasmussen heading up safety group after retiring from PrePass.
Fr8Hub shareholders intend to invest $12 million as part of the transaction.
Bottom line on operating and net income largely unchanged; revenues up but costs were too
Landstar System announces the opening of a new driver center for its independent owner-operators in Carnesville, Georgia. The 8,000-square-foot facility provides classrooms, a business center, laundry, showers and break rooms.
J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.
In today’s edition of The Daily Dash, FMCSA denies an HOS exemption for drivers with animals, YRC is boosting pay for some new drivers, OOIDA criticizes cost estimates for broker transparency and the conviction of the former Pilot Flying J president is overturned.
While COVID-19 helped increase e-commerce sales volumes, retailers struggle to manage lengthening holiday season lead times.
The Western States Hydrogen Alliance will focus on maximizing rollout of hydrogen fuel cell electric technology across multiple commercial sectors in 13 Western states.
Income per share beat consensus but total and truckload revenue disappoints; stock falls in after-market trading
Total revenue at the company, the first carrier to report third-quarter earnings, was up more than 20%
YRC subsidiary can’t produce evidence of any female drivers at Olive Branch facility since at least 2005
New England Country Foods has accused Empacadora Frape, its Mexican supplier, of failing to deliver on a contract for packaged beef chili destined for Texas prison commissaries.
The numbers will be small but the competition fierce as major truck makers debut their first fully electric Class 8 trucks in 2021. Kenworth will be in the zero-emission mix with its T680E built on a Meritor electric drive system.
Teamsters and YRC Worldwide agree to implement $7,500 hiring bonuses to new drivers. YRC will select the regions for the new bonus pay but the local unions have the autonomy to decline them.
The USMCA Corridor would connect rail from the Pacific Ocean in Mexico through the United States all the way to Canada.
Most comments on the SBTC request were in favor of easing ELD and work-day restrictions.
Owner-operator association argues brokers already should have been complying with transparency rules and costs to a 48-hour turnaround should be the only ones FMCSA consider
Collaboration with Navistar allows Zonar customers to see OnCommand Connection vehicle data within its platform.
Ransomware attacks have risen during the pandemic. Reliance Partners’ Jamie Cannon details how to protect your company immediately after an attack.
The BNSF Logistics team rallies around a shared purpose: “We deliver what matters.”
In today’s edition of The Daily Dash, September saw an increase in truck driver drug test failures; TRATON makes a final offer for Navistar; and Waymo pulls back the curtain on its autonomous technology.
Torch’s technology creates an experience tailored to the needs of shipments under 550 miles.
A coalition of Southern California government organizations has released an in-depth report examining some of the deleterious impacts associated with last-mile freight transportation. A primary purpose of the study is “to raise awareness of the complexities, costs, environmental impacts and local community impacts of that final stage of delivery,” said Steven Lambert, a spokesperson for […]
Complicated transaction puts the valuation of the SaaS company at about $2.57 billion
A federal appellate court overturned the convictions of former Pilot Flying J President Mark Hazelwood and two members of his sales team on Wednesday in a fuel rebate scandal that rocked the truck stop dynasty.
U.S. Transportation Command has teamed with Elon Musk’s SpaceX to develop “rapid transportation through space.”
TRATON Group is giving Navistar until noon Friday to accept its $43-a-share offer for the 83% of the truck maker it does not already own, or the German holding company owned by Volkswagen says it will walk away.
Autonomous vehicle company Waymo provided a glimpse of its autonomous truck technology in a blog post this week, as the Alphabet-backed startup best known for self-driving passenger vehicles steps up its delivery and freight program. Waymo said its autonomous vehicle software powers its self-driving vehicles across modes and that to configure the system for Class […]
Uber Freight and XPO Freight Logistics LTL are among several new carriers that have joined the FourKites Premier Carrier List, recognizing excellent customer service.
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
COVID’s disruptions have created an acute awareness of the need for innovation.
New product will combine Drivewyze communications systems with other data to provide warnings on a longer list of troubles up ahead
