Uber AV kills pedestrian in Arizona; XPO Logistics takes its app to Europe; CSX has no apologies; China COSCO building methanol fuel plants in Louisiana; air cargo markets may see slower growth; Covenant stock hits a 52 week high.
An optimistic Q1 guidance document released by Covenant Transport yesterday caused the carrier’s stock to jump 5% this morning. We explain how the team fleet is exploiting the new ELD environment.
The informal Freight Alley local social brought heavy hitters in the logistics industry to the FreightWave’s Chattanooga offices for a local meet and greet last Wednesday, February 7
Covenant Chairman and CEO David Parker said 2018 will bring wage hikes, rate increases, and unprecedented opportunities for team carriers due to the ELD mandate.
Covenant Transport has offered unprecedented signing bonuses to team drivers, demonstrating the challenges in hiring team drivers and the opportunity afforded them if they are successful
A jury has awarded $15.57 million to Isaac Espinoza, who was struck by a tractor-trailer driven independent contractor Ricky Hatfield while assisting a friend on the side of I-81 north. The jury also held the broker who contracted with Hatfield partially responsible.
A host of carriers have reported earnings with mixed results. Knight Transportation, UPS, Landstar Systems and Covenant were among the carriers reporting.
