Since its founding in 1935, Schneider has only known three leaders: founder Al Schneider, his son Don Schneider, and Chris Lofgren, the first non-family member to lead the company. Come April 2019, you can add the name Mark Rourke to that list.
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION INSIDE FREIGHTWAVES’ SONAR) Despite many truckload carriers reporting record revenues and strong operating ratios in the second and third quarters, TCA data housed inside FreightWaves’ SONAR shows an anomalous jump in insurance expenses, spiking as high as 4.45% of total revenue at the end of October 2018. […]
The company lined up about $350 million in financing and cites acquisitions and debt payments as the core of its plans.
Roughly 65% of Truckload Carrier Association member fleets have structured brokerage operations, estimates Chris Henry, program manager of the TCA Truckload Profitability Program (TPP), but very few companies have insight into how their asset-light division stack up against their peers.
A dicey delivery season looms.
As any driver knows, parking is at a premium at truck stops, even during the middle of the day. A new survey is being conducted to get an update on the current parking situation.
Coming in at No. 9 on the Freight.Tech 25 list is C.H. Robinson (NASDAQ: CHRW), one of the tried-and-true providers in the freight space. Robinson’s Navisphere technology platform is part of the company’s commitment to providing solutions to its customers and carrier partners.
The numbers from the Black Friday-Cyber Monday period are seen as supporting the company’s projections of a 17% increase
The National Academies of Science has identified seven core research areas that it said could help DOT determine possible changes to truck size and weight.
John Paul Hampstead (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION INSIDE FREIGHTWAVES’ SONAR) Roughly 65% of Truckload Carrier Association member fleets have structured brokerage operations, estimates Chris Henry, program manager of the TCA Truckload Profitability Program (TPP), but very few companies have insight into how their asset-light division stack up against their peers. The TCA is […]
Google Search becomes part of XPO’s last-mile tracking portfolio.
A driver incentive program, which not only prompts drivers to make smarter and safer driving decisions, but also promotes driver happiness, is one way to increase driver retention.
Is e-commerce making traffic congestion in urban areas worse? Gas demand plummets in South Korea; a state DOT seeks solutions through art; turnkey logistics in Asia and more.
We posted a story yesterday profiling an iconic truck stop in Portland. In Part II we talk to drivers who stopped at Jubitz for fuel, a bite and well-earned rest.
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION AND DAT INSIDE FREIGHTWAVES’ SONAR) Whether you call it a driver shortage or a driver squeeze, it’s no secret that the trucking industry is struggling to attract and keep qualified drivers. HealthCheck360 Director of Health Coaching Trent Tangen focused on another issue he considers paramount in the […]
The Canadian government this evening put an end to a Canada Post strike that has disrupted deliveries during the peak holiday season.
Detroit tops list of places for online retail start-ups; climate change seen having a major impact on U.S. infrastructure.
Being one of the world’s fastest-growing predictive supply chain platform and delivering real-time visibility and analytics to a wide range of Fortune 500 companies and 3PLs, has helped FourKites take the #7 spot in the Freight.Tech 25.
Upply is looking to pioneer a more efficient and transparent supply chain market that could effectively help industry stakeholders unleash their full potential.
Jubitz brings in about $40 million of the company’s $175 million annual revenues as the industry contracts and braces for tech and regulatory headwinds.
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION AND DAT INSIDE FREIGHTWAVES’ SONAR) Brokerage revenues dropped at asset-based carriers as the market deteriorated between June 2018 and August 2018, according to Truckload Carriers Association data and DAT spot rate data housed inside FreightWaves’ SONAR. TCA’s brokerage revenue data is collected from a sample of asset-based […]
JD Walker’s son, Lance Cpl. Jeffrey Walker, was killed in Iraq over 11 years ago. In a few short weeks, Walker will deliver a truckload of remembrance wreaths to Arlington National Cemetery in honor of his son and other deceased veterans as part of the annual Wreaths Across America initiative.
The strikes would end the day after the Governor General signs the legislation.
The reality is, many of the tasks handled by our operations, accounting and customer service teams are repetitive and prime candidates for automation. In general, any repetitive, rule-based task is a prime candidate for automation. So why haven’t they already been automated?
The Swift program will offer courses through Southern New Hampshire University.
Canada is working to finalize an ELD rule for truckers in that country. The rule would closely mirror the U.S. regulation, with a few significant differences.
Chris Henry, Program Manager, TCA Profitability Program (PHOTO: SHUTTERSTOCK) You’ve done it a thousand times. Walking through operations, you’ve asked yourself, “Why am I paying these smart people to spend half their time doing mindless tasks and data entry? What if I could free up their time to allow them to do what they do […]
Central Oregon Truck Company will wrap-up its cross-country tour hauling the U.S. Capitol Christmas Tree with one last stop at Andrews Air Force Base in Maryland this weekend before the tree is dropped off at its final destination.
The Canadian Parliament is still considering legislation but the union is pushing back.
Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.
Georgia ranks 47th (out of 50) in urbanized area congestion. At least area leaders seem to realize that things can only get worse without some serious advance analysis.
Ashley Coker (PHOTO: KENWORTH) Central Oregon Truck Company will wrap-up its cross-country tour hauling the 49th U.S. Capitol Christmas Tree with one last stop at Andrews Air Force Base in Maryland this weekend before the tree is dropped off at its final destination. The Capitol Christmas Tree, dubbed “The People’s Tree,” is a tradition that […]
Drivers at Swift Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), now have the opportunity to earn college degrees online through Southern New Hampshire University’s College for America program.
The government signaled a day earlier it was prepared to take such a step.
They couldn’t get a truck to the school but the kids learned anyway how their stuff gets to their houses.
Ashley Coker (PHOTO: SWIFT TRANSPORTATION) Drivers at Swift Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), now have the opportunity to earn college degrees online through Southern New Hampshire University’s College for America program. Swift announced that the company will cover tuition costs for drivers and eligible dependents as part its Drive for […]
At a time when used truck pricing is holding strong and new truck orders seem to surge month after month, many wonder when the proverbial crash is coming. Tam thinks the good times are likely to continue into 2019, with the market taking a turn in the second half of the year.
A Connecticut DOT study found that tolls on the state highways could generate $1 billion a year. Despite that, the incoming governor is focused only on adding tolls for trucks.
How much of the strength is pre-tariff purchases? How much of the talk of weakness is “on the other hand” economics?
One-time regional player rides wave of renewed oil and gas development with new terminals and more drivers.
A Goldman Sachs report several months ago laid out the strengths of the app that matches loads, but does a lot more than that.
There are projections by the company of a leveling but it’s not imminent.
YRC, Teamsters say pilots mean more earnings for drivers.
Ashley Coker Used Class 8 truck pricing held strong in October and same dealer sales volumes rebounded after a slight dip last month, according to preliminary data from ACT Research. “The average used Class 8 selling price recorded a sixth straight month above the trend reading,” ACT Research Vice President Steve Tam said. “On a […]
Even though the Department of Energy’s reported diesel per gallon price has risen 27% since early 2017, carriers have seen their net fuel expense per mile remain largely neutral.
With the ongoing, high-profile negative news surrounding Tesla, there is still interest in the company’s electric semi. Albertsons Companies, which operates well-known food and drug retailers across the country, has purchased 10 Tesla Semi all-electric trucks.
FedEx is expanding its alternative-fuel vehicle fleet with 1,000 electric vans from Chanje Energy, to be delivered over the next two years.
Also today: going to jail for bogus CDLs; ecommerce driving the Canada Post labor dispute.
After making its first acquisition last year in a quarter-century, the company could be in the market for another one, according to CEO John Roberts.
Ashley Coker (CART: DATA FROM DEPARTMENT OF ENERGY AND TCA INGAUGE IN FREIGHTWAVES’ SONAR) Even though the Department of Energy’s reported diesel per gallon price has risen 27% since early 2017, carriers have seen their net fuel expense per mile remain largely neutral, actually dropping 12% in that same time frame, according to TCA data […]
The union also rejected binding arbitration, though Canada Post did not explicitly ask for that.
The deadline is 5 p.m. November 19.
Operations to vary depending on pilot markets.
Net-zero carbon emissions from the transportation sector is possible by 2050 if industry starts to make changes now, says a new report.
Trucking executive points to final mile delivery as draining driver pool, so think about that on Cyber Monday.
The union lays out in surprising detail what it is seeking.
The two sides have been negotiating for a year, and e-commerce is a big part of the basis for the standoff.
The decision in favor of Horizon turned on a narrow question of where one of the employees’ case should be heard.
Spireon hosted a webinar in collaboration with FreightWaves earlier this week to explore the importance of building a fleet safety culture and how to do it the right way.
Emerge, a startup providing Private Freight Marketplace (PFM) and TMS, and striving to increase visibility into freight supply chains, has raised $20 million in a seed round led by Greycroft Partners.
There are no filings with the SEC that indicate the company purchased an actual trucking company, just some tweets and statements to Bloomberg.
There is no timeline for implementation of any new NOx rulemaking, but there are a couple of key questions that must be answered: What will the limits be and how much will this cost?
At a two-day conference in which rapid technology development and what’s to come was the focus of so many presentations, Eric Fuller of U.S. Xpress (NYSE: USX) provided a reality check.
The Commercial Vehicle Safety Alliance issued new guidance dissuading enforcement officials from waking up sleeping drivers in order to perform random inspections.
Fresh off strong third quarter earnings, Werner Enterprises (NASDAQ: WERN) President and CEO Derek Leathers was optimistic about the company’s future moving into peak season and beyond during a fireside chat presentation at Baird 2018 Global Industrial Conference in Chicago, Illinois.
Pilot underway in Dallas-Ft.Worth market.
U.S. Xpress CEO Fuller warns that a lot of companies are still working with 30-year-old technology.
The year 2018 has been a big one for Nikola Corporation, and investors continue to line up to support the hydrogen-electric truck startup. Next year might be even bigger.
The original notice failed to include propane. It can become a factor particularly if deliveries go on past 12 hours.
Omnitracs would be leveraging Rubrik’s APIs to accelerate its journey towards digital transformation, with a reported 90% saving in time spent working on legacy solutions.
In partnership with Reliance Partners …Since July 2017, dayzz has been developing an evidence-based, personalized sleep training app for enterprise workforces to improve sleep quality while reducing healthcare and employer costs.
Amazon came out on top according to the judges in FreightWaves’ Research Institute’s inaugural Freight.Tech 25, which identified the most disruptive and innovative companies in the freight space.
Also in the pickup: vets get a shot at free CDL training; another dispatch from the parking wars
If you are a small fleet or an owner-operator, discounted products are often just a dream. J.B. Hunt is looking to change that.
At Marketwaves18, Eric Berdinis said the industry can all benefit from a greater level of cooperation.
It’s a tricky balance between risk and safety, but in the trucking world, before freight futures, there was no way to protect a company’x exposure.
It took a week to get the tallies, but an early lead turned into an insurmountable deficit.
Penske Truck Leasing has added a major upgrade to its Penske Driver app, giving drivers the ability to quickly and easily call for roadside assistance without the need for a phone call.
What happens if vegetables are grown vertically indoors? What happens if oil prices collapse? Those were some of the questions at this Marketwaves18 panel.
In a surprise move, the Environmental Protection Agency has announced the Cleaner Trucks Initiative (CTI), which will try to rein in oxides of nitrogen (NOx) emissions from commercial vehicles.
The author of Moneyball and other books expresses concern about the possible misuse or ignoring of data coming out of the federal government in his talk before Marketwaves18.
New York and Crystal City the big winners, of course, but Music City will house e-retailer’s operations center for the eastern U.S.
Trailer orders are booming for manufacturers, setting a record in September and nearly matching it in October.
Fresh off strong third quarter earnings, Werner Enterprises (NASDAQ: WERN) President and CEO Derek Leathers was optimistic about the company’s future moving into peak season and beyond.
TCA’s David Heller discusses game-changing ELD data and the ways it may impact driver detention and retention trends.
The webinar is planned for 2 p.m. EST or 11 a.m. PST on Thursday, Nov. 15.
By David Heller, Vice President of Government Affairs, Truckload Carriers Association Detention time is certainly not a new issue, but recent developments, particularly the advent of the electronic logging device (ELD) mandate, are giving the trucking industry more data and ammunition to accomplish positive change. After several years of releasing reports on detention time, in […]
Blockchain solutions, improved interfaces, artificial intelligence and a tool for the intermodal business.
UPS advised shippers to take LTL business elsewhere. They did.
DHL hopes plan will attract new recruits to industry as shortfall looms.
The American Transportation Research Institute is asking fleets to contribute electronic logging device (ELD) data to the group so it can study how the data can assist the industry in terms of safety initiatives and regulatory focus.
Companies are increasingly being asked to pay for damages to equipment, even when they are not at fault, according to a national survey conducted by TCompanies.
XPO Logistics is rolling out four new LTL optimization technologies and has announced a fast-track and free process for military members and veterans to receive their CDL.
Marrying up an ELD with a video system isn’t the last step for bringing multiple technologies on to one platform.
China’s imports record strong third quarter with October data also suggesting more goods on the way.
Rank-and-file at UPS Freight unit overwhelmingly ratify 5-year pact.
The graphs below are based on TCA InGauge’s compilation of financial data filed by publicly traded truckload carriers. They display how trucking companies performed in 2017 and the first half of 2018.
TFI International (TSX:TFII), the Montreal, Canada-based transport and logistics company, has made two significant personnel announcements this week. David Saperstein has been promoted to chief financial officer of TFI International and Greg Orr, currently president of U.S. Truckload, has been promoted to executive vice president of U.S. Truckload.
