Companies need to think outside the box in order to meet consumer demand despite crowded ports and constrained capacity. Mobile warehousing and storage offers an affordable solution.
Sweden’s Volvo AB reported a record operating margin in Q1 following a warning of up to a month of downtime due to microchip shortages.
As hydrogen grows as a fuel source for long-haul trucking, Nikola Motor Corp. is finding ways to bring down the cost of manufacturing the fuel.
SmartHop has tapped Amy Liu, formerly of Uber Elevate, as chief of staff and to help build out its New York office. The company also announced the opening of an office in Bogota, Colombia.
Transfix considers the relationships at stake for a carrier or shipper in order to build the right tech solution.
Prosecutors allege Oumar Sissoko, 59, of Temecula, California, who claimed to own a pothole repair company called Road Doctor California LLC, spent hundreds of thousands of dollars on luxury items after receiving $7.25 million in PPP loan funds.
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Old Dominion Freight Line announced its best first-quarter result in company history on Thursday. Improved density and yields led to a 76.1% operating ratio, 530 basis points better year-over-year.
Supply chain, climate and FreightWaves experts shared their hopes for Earth Day next year in terms of reduced emissions, alternative fuel adoption, government leadership and more.
P.A.M. Transportation Services posted a profit in the first quarter of 2021. The bulk of the improvement came on the nonoperating line.
Truck repairs and parts sales covered all the cost of running Rush Enterprises’ dealership network in Q1 as year-over-year profits doubled.
Broker Landstar System blew out analysts’ expectations for the first quarter. The company’s earnings almost doubled from the year-ago quarter, which wasn’t materially impacted by COVID. Landstar’s new guidance calls for more of the same.
The bank’s book of business grew at a pace that far exceeded the additional business that came with its acquisition of Covenant’s factoring operation
GP Transco is the latest carrier to raise driver pay. Base pay alone for company drivers moves 15% higher.
Daimler Trucks and Portland General Electric opened their Electric Island charging site as part of a border-to-border charging corridor.
U.S. Customs and Border Protection (CBP) officers recently seized methamphetamine and illegal chicken lollipop pet treats in separate enforcement actions in Texas.
Heartland Express reported a slight miss on first-quarter earnings expectations Wednesday. The carrier pointed to relative strength in March as it exited the quarter, noting that driver pay will need to be raised again.
The Defense Department lawsuit from 2018 is continuing even as the federal government has taken a stake in the LTL carrier.
Knight-Swift Transportation posted a large headline earnings beat in the first quarter but it was less impressive by comparison when excluding nonoperating income. The company now sees over-the-road contract rates increasing in the mid-teen percentage range during 2021.
Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
