Covenant Logistics Group beat second-quarter earnings expectations and said the second half of the year is likely to produce stronger results.
The $2.25 billion deal is a “game-changer” and a “monster deal,” according to FreightWaves experts.
Reliance Partners Director of Safety Robert Kaferle explains the importance of proactive safety amid a high-risk environment.
Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns. Bob Costello told the Motor Carrier Safety Advisory Committee (MCSAC), part of the Federal Motor Carrier Safety Administration, that while the ongoing pay increases in […]
USDA is making $200 million available for timber haulers hit by the pandemic in 2020.
With capacity tight across the board, difficulty in sourcing reefer trailers may spill into other segments as produce season continues.
The Biden administration wants to reduce reliance on China for critical rare earth materials.
Covenant Logistics Group reported a better-than-expected second quarter as freight demand remains elevated and capacity is in short supply. The company said the favorable conditions have carried into the third quarter.
Canadian trucking and logistics firm Mullen Group reported strong growth in the second quarter from a combination of a robust freight market and acquisitions.
Freight broker Landstar System sees continued strength in consumer spending push freight demand higher during the second quarter. The company posted its best quarterly results ever Wednesday after the market close.
The report is for a company that is about to undergo yet another change, with HubTran now in the fold.
Skyrocketing prices for late-model used equipment bring older, less attractive used trucks to auctions
Daimler Truck sold more vehicles in Q2 than the previous quarter but warned that supply shortages threaten second-half financials.
“Truckload detention is the last dark corner of the trucking industry, so we built a big flashlight.” That flashlight will shine bright on Thursday when TCA hosts a virtual workshop addressing the issue.
Knight-Swift Transportation beat second-quarter estimates and raised its full-year guidance to include the favorable operating environment in addition to accretion from recent acquisitions. However, the improved outlook includes the expectation for continued cost headwinds around labor.
Ratings agencies’ reviews don’t reveal profitability levels, but they do provide a window into some private company metrics.
Is this the start of more union representation at XPO or just a head fake?
Volvo makes no mention of the UAW strikes but smaller sibling Mack Trucks delivers more units in Q2 as the industry recovers from year-ago pandemic shutdowns.
Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.
“The Transfix team is extremely talented, but there’s a quality to the culture that’s got gumption,” said newly appointed CCO Sophie Dabbs.
