Nevoya, a San Francisco-based all-electric trucking company, has secured $9.3 million in seed funding led by Lowercarbon Capital. The investment positions the firm to redefine logistics via AI and automation, proving zero-emissions trucking can outperform diesel operations environmentally and economically.
Less-than-truckload carrier Saia reported better-than-expected results for the second quarter and outlined a path to improved margins.
Used vehicle prices have always played a significant role at profitability for Ryder System as well as providing guidance on where the broader market stands. The company’s second quarter earnings report was no different. With Ryder (NYSE: R) taking a conservative outlook in making its outlook for the remainder of the year–its forecast is earnings […]
A California Republican has taken action on a regulatory framework that would pave the way for fully autonomous trucks.
Universal Logistics Holdings reported a decline in second quarter earnings and revenue due to lower volumes and demand.
Less-than-truckload carrier Saia saw a step in the right direction during the second quarter.
UPS has notified workers at a New Orleans facility that they will lose their jobs as the company downsizes its physical footprint.
The State of Freight for July looked at what a few key SONAR indices are saying about the market.
Universal Logistics Holdings reported a 15% decrease in revenue to $393.8 million in the second quarter.
Covenant Logistics Group sees a potential gradual freight market recovery later this year.
Roadrunner announced the addition of over 100 lanes to its long-haul, less-than-truckload network, designating Kansas City as a key hub.
Ryder’s profits were higher in the second quarter, but revenue growth was slow.
The trucking industry finds itself mired in one of the most protracted freight recessions on record, a predicament exacerbated by a flood of capacity that has outstripped demand. This surplus stems from an industry with negligible barriers to entry, where supply can readily overshoot, challenging the American Trucking Associations’ (ATA) persistent claim of a perpetual […]
Knight-Swift is controlling the controllable as it awaits a more meaningful market turn.
Knight-Swift Transportation modestly beats second-quarter expectations and provides an inline outlook for the third quarter.
Covenant Logistics Group’s second-quarter revenue increased 5% year-over-year to $302.85 million.
Growth in cloud revenue is a highlight; new sales opportunities due to ‘unification’ are helping to grab new business.
Several private equity firms have submitted bids to acquire Forward Air, according to a Reuters report.
Proposals to limit top truck speeds – initiated by major trucking companies – lacked enough data to justify moving forward, according to regulators.
Trucking’s big-carrier lobby tells Congress it’s ready to support an annual truck fee to pay for roads and bridges.
