Greenbriar Equity invests an undisclosed amount in Spireon, becoming its primary investor in the process. Spireon believes this partnership would help it with operational flexibility and in expanding its network across different verticals in the transportation sector.
It was a better quarter for three companies representing different sectors: 3PL, intermodal and truckload.
Tennessee Tech has acknowledged that the results of its controversial glider kit study were “inaccurate.”
Daimler Trucks sold more vehicles in quarter three than a year ago, but its parent company, Daimler AG saw revenue flat for the third quarter at $45.8 billion (40.2 billion Euros).
A strong quarter all around, but as predicted, the quarter-to-quarter comparisons are showing signs of being weaker just because the trucking bull market is getting to be a year old.
But lead agency for commercial vehicle safety says autonomous trucking will serve drivers well and make industry better.
Knight-Swift Transportation reported strong earnings on Wednesday, and it was immediately met with praise from Morgan Stanley analyst Ravi Shanker, who wrote in a note that the company’s stock is a “relative buy, at worst, in our view.”
The UPS Freight 30-day period is coming to an end and rank-and-file angry with the ratification decision in the face of a “no” vote are not sitting quietly.
Even as the trucking industry struggles to identify new drivers, there is a segment of the U.S. population that is facing unemployment rates above 27% that are looking for jobs. Can felons fill the driver gap?
While the index is still showing significant gains over last year, there clearly is a decline from recent highs.
Revenue forecasts were reached only because of a one-time tax event. But by almost any other standard, it was a strong quarter.
It is a significant widening of activities at the TraPac facility.
Also in the pickup: IMO meets with 2020 on the horizon; Rhine levels are causing plants to shut down; C.R. England and its charitable cause
It may mean less now in an era of higher pay, but if total hours don’t exceed the minimum wage, it could be an issue because of this ruling.
Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.
Venture brings together two of the largest names in U.S. frac sand production to provide integrated delivery solution.
The plant at the heart of the story was acquired by XPO a few years ago. The company reportedly was stunned by the allegations in the article.
The usual signs of an upturn in the trucking sector aren’t there, according to the Wall Street house, and Morgan wonders if a lot of the demand got pushed forward.
SONAR’s Headhaul Index map and the HAUL.JOT Index are both showing that the return to growth in inbound loaded container flow first seen in the Long Beach/LA port is continuing and gathering momentum.
Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.
