ArcBest to acquire MoLo for $235M, potential for future earnout
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
NHTSA details new crash-data reporting requirements for self-driving trucks.
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
The Teamsters allege that TFI’s TForce Freight broke federal law when it reduced the speed limit of its trucks from 68 to 65 mph.
A telematics platform that accurately tracks the location and status of trailer assets can deliver both operating efficiencies and fuel savings to achieve emission-reduction goals.
From time to time, truck drivers require additional training. Whether it is refresher training or due to a recent incident, success depends on having the right approach.
FedEx is paying customers that utilize their own equipment, a consultant says.
The TCA’s meeting in 2020 happened just as the pandemic was about to strike; it sold out its booth space this year.
Sustainability is a growing topic of conversation in the freight industry. FreightWaves asked experts if this focus will continue as supply chains are put to the ultimate stress test.
“Tires, fuel and labor are your three biggest costs, and with tire prices continuing to go up, fleets have to really figure out ways to maximize their tires and assets,” said IMI’s Bob Bortner.
Companies across the industry have tried various ways to attract and retain drivers, offering everything from sign-on bonuses to tuition reimbursement. Despite these incentives, it can be difficult to secure those drivers in an industry that is constantly competing with itself.
Driver pay increases continue to roll in as a strong macroeconomic environment shows little signs of slowing.
Lease-purchase deals haven’t always had a great reputation, and this TCA session focused on how to make them work.
GM subsidiary BrightDrop said its EV600 electric cargo van is entering limited production. The company also announced a smaller EV410 version.
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
An Illinois man was sentenced to 18 months in federal prison for defrauding the family-owned trucking company where he worked of nearly $625,000.
Boyle Transportation and Nussbaum Transportation have repeated as winners in TCA/CarrierEdge’s annual Best Fleets to Drive For contest.
Cummins plans for green hydrogen production for multiple uses gets the largest of $52 million in DOE grants.
An ongoing custody battle over his 9-year-old daughter caused Missouri truck driver J.T. McLean — who was a suspect in four homicides — to “snap,” his brother says.
Daimler Trucks North America is recalling some 2022 Freightliner Cascadias because of five underbody fires related to misinstallation of the exhaust tip.
Echo’s Sean Burke advises building as much flexibility as possible into the planning process this fall.
BMO’s quarterly reports show a trucking market that is stronger than it has been in years.
Last week’s Transfix, project44 and Emerge deals herald a maturing FreightTech space.
If the high court does not grant review and AB5 is implemented, the state’s trucking industry will look to a variety of solutions to be able to use independent contractors and still stay in compliance with the law.
Fueling the good times for drivers: a growing imbalance between the amount of loads available and the truckers who haul them.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico reports 5,000-plus cargo thefts in first half of 2021; automotive supplier relocates to Texas, bringing 315 jobs; Mexico City-based last-mile logistics provider raises $7 million; and international customs broker expands near US-Mexico border.
Instapay, a factoring company, and its parent company Flexible Funding are seeking Chapter 11 bankruptcy protection, according to court filings with the U.S. bankruptcy court in Fort Worth, Texas.
Del Rio port of entry could reopen as soon as Saturday, after being forced to close because of a migrant surge that disrupted operations.
Demand usually drives heavy-duty truck production forecasts, but the delta variant and a constrained supply chain are wrecking projections.
Pilot Freight Services and Stevens Transport engaged in disability discrimination, according to separate lawsuits filed by the Equal Employment Opportunity Commission.
Companies spend more than 10,000 man hours rating invoices every year. Dynamic rating solutions can change that.
The company faces an optics challenge as many question the motive behind rate increases.
TFI International is working to hire more truck drivers at TForce Freight as it cuts salespeople amid a push to rebuild the UPS legacy operation.
Temperature-controlled warehouse operator RLS Logistics adds another regional partner as it builds out a national footprint.
Western Star advances a family makeover with the second entry into its X-Series of vocational trucks.
It’s vital to look both ways and make sure your vehicle will have enough space to fully clear the tracks before crossing. Also, be sure to roll up your landing gear to avoid getting stuck.
As the head cheese of Sargento Foods drivers, Duaine Conrad has set the example in how to avoid trouble on the road.
Industrial warehouse operator Prologis Inc. said Thursday it was expanding a training program aimed at bringing 25,000 new workers to the logistics industry.
Transportation procurement system will handle $4B worth of bids this year.
Feds are attempting to claw back funds from trucking company owners and reality TV stars who vied for PPP loans.
Fleetmaster Express recently ordered 10 Volvo VNR Electric Class 8 trucks to transition from a diesel fleet to an electric one.
FMCSA Deputy Administrator Meera Joshi was told during the hearing on her nomination to become administrator that truck crash trends underscore the need for agency action.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
FedEx integrates the Aurora Driver autonomous system on PACCAR trucks into its logistics operations on Dallas-to-Houston round trips.
“The lower the carbon intensity of the fuel, the higher the value,” Megan Boutwell, VP of operations at Stillwater Associates, said about low-carbon fuel standards.
“If everything is streamlined and automated, your insurance costs will go down because your accidents will go down,” said Mitzel.
Scott Berhang, director of FreightWaves Academy, and Patrick De Haan, head of petroleum analysis for GasBuddy, chat future fuel prices at FreightWaves’ Fuel Buyers Summit.
SPAC-sponsored autonomous software developer Embark Trucks is tapping industry experts for advice as its public debut nears.
Former government safety officials now have investments and profits to keep in mind as they help their companies chart a course for autonomous vehicles.
The company didn’t blindside anyone. But it didn’t please that many, either.
Premar Global Warehouse Logistics employed 16 Mexican nationals to work as merchandise checkers in San Diego for the equivalent of $3.38 to $5.61 per hour in pesos.
M&A in third-party logistics continues at a high rate. PLS Logistics Services announced it has acquired freight broker D&L Transport.
An “unprecedented outlook for hydrogen fueling station network development in California” contains bold expansion plans for the state. The California Air Resources Board report expects to see capacity for 250,000 fuel cell electric vehicles by 2026.
Daimler Trucks North America fielded hundreds of reports of loose steering, leading to the recall of 123,481 Freightliner Cascadias in the U.S. and Canada.
Even as the benchmark number rose, diesel on the key commodity exchange declined sharply.
The Port of Del Rio has been closed since Friday night, with both commercial and passenger traffic being diverted 57 miles east to the Eagle Pass port of entry.
Noncontract prices will climb by 5.9% for FedEx’s Express, Ground and Freight services.
Trailer makers have connectivity advancements in the pipeline as they navigate supply shortages hampering production.
Generous government spending and climate change policies to continue as Justin Trudeau secures a third term as Canada’s prime minister. But he’ll still need support from other parties.
A perfect storm of factors has led to a historically strained market in the wake of the ongoing coronavirus pandemic. Shippers looking forward to market equilibrium should expect to continue waiting well into early 2022.
Used truck prices continue to fly higher as demand overwhelms supply of pre-owned models.
“With all the difficulty with hiring, technology is an obvious answer,” said Zach Strickland.
Daimler Trucks North America fielded hundreds of reports of loose steering, leading to the recall of 123,481 Freightliner Cascadias in the U.S. and Canada.
Shelton, Connecticut-based 3G provides TMS solutions and advanced multi-carrier shipping software.
More M&A isn’t on the immediate horizon but final-mile delivery is.
Trucking companies and trade associations say the shortfall in qualified drivers is hitting specialty segments especially hard, affecting revenue and growth.
Small carriers are opting to bring only a power unit to a brokered transaction.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mundi launches a finance tool aimed at Mexico-based freight forwarders; more manufacturing jobs are headed for Mexico; Dachser Mexico is providing cross-border services for a tuna shipper; and CBP releases a cross-border trade operational update.
Capstone Partners explains why brokerages are so expensive.
This AskWaves looks at what separates truck dispatchers from truck brokers.
Seasonal hiring begins as transportation providers plan for another big peak season. FedEx is looking to add 90,000 workers.
TCA stops short of saying it is against the mandate, but it clearly is concerned.
Times are very good for independent drivers, according to a person who works with their finances.
A truck driver agreed to transport nearly 1,000 pounds of marijuana under the watch of federal agents after his load was intercepted at the U.S.-Canada border.
Reliance Partners’ Robert Kaferle reveals how common it is for companies not to have rules in writing. No wonder driver safety remains a heated issue.
The research firm of Evercore ISI launched coverage of the 3PL sector with an enormous report.
The lack of federal grant money for truck parking again frustrates small-business truckers.
Iron Truck Services aims to give smaller fleets affordable access to services such as insurance, equipment maintenance, fuel purchasing, truck sales and rentals.
Electric-vehicle maker Rivian is said to be looking for as much as $8 billion from its upcoming IPO, which would make it the fourth-largest U.S. IPO in the past 10 years.
More trucking heads weigh in on rate expectations for 2022. Following a sizable rate bump this year, it appears that rates could move considerably higher again next year.
The Department of Transportation seeks “practical solutions” from the freight industry to alleviate container shortages and supply chain chokepoints.
Workhorse decides to pursue alternative opportunities after ending its bid fight with the Postal Service.
As Congress works to pass two separate funding bills while dealing with the fallout of Afghanistan and severe weather across the country, the trucking industry sits and waits.
“We believe that every sector has to make a contribution toward global decarbonization,” Fernando Rangel Villasana, senior technical manager at SBTi, told FreightWaves.
An executive from Pedigree Technologies explains how the North Dakota firm became one of the first ELD providers to successfully get a device certified in Canada. It wasn’t easy.
Motion Intelligence’s platform limits smartphone use while the vehicle is moving, sharply curtailing a key cause of accidents.
After a period of guilty pleas and no new indictments, the case has now expanded further.
J. J. Keller announced its VideoProtects monitoring platform is available on the Geotab Marketplace, making the safety solution available to more than 2.4 million vehicles.
Embark Trucks will use BYD electric trucks to cover 50 miles of HP printer loads, while its autonomous tractors take the middle segment.
Agencies across Tennessee will make Samsara’s technology available to all state, municipal and county fleets.
There is still lots of lost crude oil production in the Gulf of Mexico from Ida.
A law firm’s analysis of the Biden administration rule shows several unanswered questions.
August data from Cass shows freight expenditures extend their torrid pace. Freight demand remains high but a lack of capacity is constraining shipment growth.
Two nonprofit groups, Trucks with Room to Spare and CN Supply, are collecting donations, mobilizing to help Hurricane Ida survivors in southwest Louisiana.
Canadian truck driver Robert Mitchell had the misfortune of picking up a load of paint thinner on Sept. 11, 2001, with the intention of transporting it to the U.S.
A FreightWaves poll found that 65% of 1,120 truckers who responded have been vaccined but nearly 73% of the holdouts would quit if forced to “get the jab.”
Less-than-truckload carrier Yellow reported tonnage declines worse than its peers for the first two months of the third quarter. The carrier said it currently remains focused on driving yields higher in lieu of volume growth.
Lots of questions remain, but it is clear that OSHA is going to play a big role in shaping the vaccination mandate standards.
Private equity takeout allows Echo Global Logistics’ equity value to rise to that of its peers. Management believes its new affiliation with deeper pockets opens up bigger M&A opportunities.
UniGroup Logistics’s Meghan Meurer sees shopping from home as the new normal for a growing number of larger products, suggesting that the final-mile delivery experience is now of utmost importance.