RXO’s tech turnaround: why investors are watching
Investors liked what they saw and heard in RXO’s first quarter earnings.
Investors liked what they saw and heard in RXO’s first quarter earnings.
The long-awaited Tesla Semi has landed a major order. WattEV announced Tuesday at ACT Expo that it ordered 370 Tesla Semi Class 8 electric trucks. Deliveries of the first 50 Semis will begin in 2026. Once complete by the end of 2027, the deployment will be the largest single electric truck deployment in California. The […]
Shippeo announced that it has acquired German supply chain automation company Logward for an undisclosed sum.
FedEx is in the final stages of resurrecting its MD-11 fleet after helping Boeing redesign a part that contributed to the fiery crash of a UPS jet in November, executives said during an employee briefing on Wednesday.
RXO had the type of rough quarter that might be expected given rising spot freight rates against lower contract numbers, but it foresees a significantly better second quarter. In its earnings released Thursday morning prior to an 8 a.m. EDT conference call, the company said it expected a second-quarter adjusted EBITDA of $27 million to […]
A request by two separate plaintiffs for a court to stay the enforcement of the federal government’s rule governing issuance of CDLs to most non-domiciled drivers has been denied. The request came from two separate groups of plaintiffs. One is Martin Luther King County in Washington state, more colloquially known as King County, home of […]
DHL is ditching the Deutsche Post corporate name and giving it to its Post & Parcel Germany unit as part of an internal reorganization.
Trimble posted stronger-than-expected first-quarter earnings and lifted guidance amid growth in transportation software.
Uber Freight management is celebrating a year-on-year increase in revenue.
GXO Logistics CEO Patrick Kelleher said Amazon’s new supply chain services validate — rather than threaten — the long-term growth opportunity in outsourced logistics.
“Fleet managers are operating in one of the most complex environments in recent memory,” said Josh Lovan, Industry Business Advisor at J. J. Keller & Associates, Inc. “Regulation changes, driver shortages, rising equipment costs, and accelerating technology adoption are becoming increasingly challenging to deal with.” The data from the company’s sixth annual State of Fleet […]
Sun Country Airlines is preparing for a late June deployment of two new freighter aircraft provided by Amazon to increase air capacity in its domestic logistics network.
The Iran war is impacting FedEx operations in Dubai, which wants U.S. permission to pause flights there from Hong Kong so it doesn’t lose the right to fly that route.
The first weeks of the CAPE tariff refund process are exceeding expectations operationally, experts say.
An investigation found 195 active motor carriers clustered along a few miles of East Dublin Granville Road in northeast Columbus; the same corridor was just exposed for a billion dollars in Medicaid fraud. Federal inspection data shows those carriers have been involved in 275 crashes, including 4 fatal and 74 injury crashes. The world’s largest retailer appears in 175 inspections across 44 of those carriers with a 20.6% out-of-service rate.
ORBCOMM has replaced its previous debt structure with new financing.
GXO Logistics reported first quarter revenue of $3.3 billion, up 10.8% year over year.
Nearly $4 million in stolen cargo was recovered in a Los Angeles County case tied to multiple companies, with one arrest made following a search warrant in Vernon.
Super Dispatch has released new data from its Fuel and Transport Cost Tracker detailing the impact of rising diesel prices on carriers, brokers and shippers.
DHL Express gets four years of labor peace after Teamster union workers voted in favor of a negotiated contract.