Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.
Walmart is the largest company in the world. Its elite, well-compensated trucking fleet is part of the reason why.
As a freight broker, you are on the front lines of ensuring safe, efficient and compliant transportation of goods.
Matt Silver launches US-Mexico logistics startup Cargado with $3 million in pre-seed funding.
Shippers’ mood has been buoyed by positive economic prospects for the U.S., while brokers and carriers are encouraged by a possible market shift.
Visibility providers project44 and FourKites take their defamation fight to the Illinois Supreme Court.
This week in Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024; Texas receives $70M grant for hydrogen fuel stations; automotive manufacturer announces $400M factory in Mexico; and Texas logistics park receives $1.5M grant to expand services.
A Las Vegas man has been sentenced to supervised release and six months of house arrest for his role in a scheme to defraud the trucking company where he worked out of more than $112,000.
Supply chain-focused startups Sayari, TrusTrace, Cart.com and Kusari recently secured a combined $330 million in capital investments.
On Wednesday, autonomous trucking startup TuSimple went private after voluntarily delisting from Nasdaq following two years of stock and boardroom drama. FreightWaves’ Alan Adler writes, “TuSimple was the first autonomous trucking company to demonstrate driverless operations on an open highway. One of its trucks traveled 80 miles with no human on board from Tucson, Arizona, to Phoenix in December 2021.”
Canadian authorities shut down two trucking companies in the Vancouver area that are tied to recent highway collisions.
On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Sepeti Moala, vice president of client success at Transportation Marketing Group.
In this edition: The FMCSA has a first; Mexico holds the top spot; and freight audit and payment hits center stage.
This week in Borderlands: Mexico top US trade partner in November, Laredo No. 1 gateway; PSC Group acquires rail terminal in South Texas; automotive firm inaugurates $55 million expansion in Mexico; and CBP seizes $5M worth of cocaine at Texas border crossing.
Strategic theft is particularly insidious because it often involves fraudsters manipulating the very tools that companies implemented in order to make their supply chains more efficient.
Freight brokerage Coyote Logistics has slashed an unspecified number of jobs in its sales and operations divisions.
The New Year could see potential rate increases due to several factors. Here are some strategies you need to keep in mind.
TruBlu Logistics is divesting its private long-haul fleet and will transition cross-dock shuttle operations to another company, affecting over 600 trucking jobs.
GXO Logistics is closing a Memphis distribution facility and laying off 211 workers.
The freight recession may ease earlier than expected, according to recent comments from Morgan Stanley analyst Ravi Shanker. In a call to clients on Monday, Shanker said, “Shippers continue to remain on reorder ‘strike’ while they wait for stronger signals or more favorable conditions on macro but while destocking at the same time, which could lead to everyone wanting to restock at the same time, when the coast clears (or they run out of inventory).”
