In a Thursday conference call with analysts, U.S. Xpress CEO Eric Fuller turned his focus away from the Variant initiative and toward a return to basics for the truckload carrier.
“Inflation has spiked aggressively, you have rising fuel costs as well and we recognize that sometimes two days or longer may still be too long to wait,” says Convoy co-founder Grant Goodale.
Truckload carrier U.S. Xpress announced staff cutbacks, capex reductions and reorganization of its operating units.
The estimated 100,000 seasonal workers UPS plans to hire is about the same as the past two peak periods.
Werner Enterprises is sure enough of the Cummins hydrogen-powered X15H internal combustion engine engine that it ordered 500 of them.
Two top officials from Universal Logistics used the occasion of a Wall Street conference to defend its AB5-related Southern California deal with the Teamsters union.
XPO Logistics announced that Jamie Harris will become the CFO of freight broker RXO following a planned separation in the fourth quarter.
Now on demand WTT is live from FreightWaves Autonomous & Electric Vehicle summit with guests from Kodiak, Plus, Locomation, Voltera and Torc
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
Truck drivers from around the world will soon be eligible for participation in Canada’s Express Entry immigration program.
A slowing eurozone may pull ocean container rates down further.
With day traders and sports bettors piling into SPACs, valuations of young companies became the stuff of fantasy.
As the freight cycle shifts to a lower gear, deal flow throughout the industry remains hot.
Truck manufacturers began to fill build slots for the first quarter of 2023 in August but pent-up demand for equipment remains unstated.
A survey sent to FedEx Ground’s contractors asks if they have faith in CEO John Smith’s ability to lead the unit.
Federal regulators release new data and ask for public comment to help determine whether to end the nationwide trucking hours-of-service waiver.
Though often overlooked, improving truck driver behavior packs a punch when it comes to maximizing fuel efficiency. Research shows up to 30% of fuel consumption comes from decisions drivers make on the road.
Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.
A Texas court has reversed a $7.4M gross negligence verdict against a trucking company and its driver.
Odyssey Logistics, a 3PL that specializes in metals and chemicals, had its debt rating upgraded by Moody’s.
