Robinson beats earnings estimates by a penny; Forwarding saves the day
Managing for yield, Robinson shuns truckload volume growth to take a double-digit price increase.
Managing for yield, Robinson shuns truckload volume growth to take a double-digit price increase.
The trans-Atlantic may not be the dominant container market, but it remains dependable for hungry ocean consolidators and forwarders.
In today’s edition of The Daily Dash, trucking ponders its next move following President Trump’s payroll tax deferment order; Nikola receives a huge order; and a truck driver is sentenced for a crash that killed five.
NAST margins narrowed, but volumes held up relatively well.
MoLo Solutions learned about St. Christopher’s trucker charity when competitor C.H. Robinson donated $50,000. MoLo’s pledge per load in May and personal contributions added up to more than $62,000 to help sick and injured long-haul drivers.
In letter to employees, CEO Biesterfeld speaks of a “heavy heart,” says company will introduce inclusivity training, Employee Resource Groups
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
Digital freight matching has pushed the industry to adapt.
Fewer brokers and more engineers make operating costs less flexible, and we question the “take market share” mantra.
CEO pay wlll be down 50%, other execs down 20% from May through July.
Growing awareness of a 12-year-old relief fund for semi-truck drivers is attracting more and bigger donations as the coronavirus pandemic highlights health risks to truckers hauling critical freight.
While transportation industry participants have an abundance of questions loaded for management teams this earnings season, answers on the future will be tough to provide.
C.H. Robinson has made a $50,000 donation to the St. Christopher Truckers Relief Fund as that organization anticipates a growing need for financial assistance for drivers that contract coronavirus. Plus, Cummins finds a use for filtration materials, Amazon postpones Prime Day, and car makers extend plant shutdowns.
After a surge in freight over the past few weeks, UBS transportation analyst Tom Wadewitz is predicting a rough two months.
Roadrunner seeks voluntary delisting from the NYSE as it continues its reorganization and focuses on asset-light offerings.
Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
The city is at the center of the U.S. coronavirus epidemic, with 70 cases confirmed and 10 deaths.
C.H. Robinson is pushing back against a complaint, seeking class-action status, filed by more than a dozen growers that alleges the third-party logistics giant engaged in “deceptive business practices.”
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
Charley Dehoney writes about digital brokerages and what they really are and do…