TruckSmarter Shutting Down
TruckSmarter and its AI chat-based driver app, Dispatch, have been sold and will be shut down on Friday.
TruckSmarter and its AI chat-based driver app, Dispatch, have been sold and will be shut down on Friday.
Transportation capacity continued to contract in August, but at the slowest rate recorded in six months, while transportation pricing continued to surge, according to a monthly survey of supply chain executives.
Freight shipments softened in June but truckload rates continued to step higher year over year, according to a monthly report from Cass Information Systems.
J.B. Hunt Transport Services blew past analysts’ second-quarter forecasts on Wednesday, sending shares up 9% in after-hours trading.
Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.
Schneider National announced additional leadership changes and promotions on Monday as part of a previously announced succession plan.
Some shippers are being forced to reprice their entire book as contractual truckload rates set just a couple of months ago are no longer being honored.
Knight-Swift Transportation announced the retirement of co-founder and executive chairman Kevin Knight.
Industry participants say asset-based carriers are likely the winners following the Supreme Court’s landmark ruling on freight broker liability.
Supply constraints are pushing truckload rates to cycle highs, according to data from Cass Information Systems.
Extreme supply and pricing dynamics persisted across the freight market in April, according to a monthly survey of supply chain managers.
Pamt Corp.’s first-quarter real estate gain helped offset a loss in its core truckload operation.
Schneider National beat first-quarter expectations and reiterated its full-year earnings outlook.
Truckload carrier Heartland Express sees improving market fundamentals as a financial tailwind in the back half of this year.
Knight-Swift Transportation said the truckload market has fundamentally shifted with little help from demand.
Knight-Swift Transportation upped its rate expectations for bid season.
Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market.
The freight market saw capacity and pricing extremes in March unparalleled since the pandemic, according to a monthly query of supply chain executives.
Fuel price hikes and poor weather overhung the first quarter, but supply-side tailwinds along with improving demand could spell the end of earnings degradation for truckload carriers.
Canadian transportation and logistics provider Andy Corp. announced two acquisitions on Wednesday.