Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.
An internal memo at liquid bulk hauler MC Tank Transport shows the company has been sold to Kenan Advantage Group.
Real estate investment trust Prologis said the need for more e-commerce fulfillment space is growing.
FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.
Defunct Yellow Corp. liquidates another property as creditors await a final bankruptcy plan.
Less-than-truckload carrier Roadrunner said it has added 278 direct metro-to-metro routes.
Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.
Cass data for February showed a bounce back in shipments after a messy January, but uncertainty now hangs over a tepid demand environment.
Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.
ContainerPort Group’s parent has acquired Dray Alliance, creating one of the largest dray networks serving the Southern California ports.
ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.
Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.
Kenan Advantage Group has acquired Mobile, Alabama-based Evergreen Transport for an undisclosed sum.
Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.
The Teamsters union told members it is appealing a bankruptcy court’s decision finding Yellow Corp. not liable for failing to provide proper notification ahead of mass layoffs.
Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.
Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.
Supply chain managers stockpiled goods again in February in efforts to outrun looming tariffs.
Radiant Logistics has acquired California-based freight forwarder Transcon Shipping.
A federal bankruptcy court has been asked to approve settlement agreements between Yellow Corp. and two groups of former employees who were given shortened layoff notifications.
Allstates WorldCargo announced it has acquired freight forwarding peer Saturn Freight Systems.
A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.
Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.
Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.
Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.
Pitt Ohio hosted a Thursday call to help shippers prepare for changes to the less-than-truckload freight classification system.
Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.
J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.
Logistics real estate investment trust Prologis announced co-founder Hamid Moghadam will retire at the end of the year and that President Dan Letter will succeed him as CEO.
An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.
Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.
The Cass Freight Index showed an increase in truckload linehaul rates for the first time since December 2022.
Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.
Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.
Radiant Logistics’ fiscal second-quarter earnings beat was largely tied to one-time project freight.
ArcBest announced Monday it is piloting a forklift that also acts as a freight dimensioner.
Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.
Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.
Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.
Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.
Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.
Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.
Sentiment around transportation prices surged in January, a monthly supply chain survey showed.
Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.
Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.
ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.
ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.
Schneider National points to some green shoots on its fourth-quarter earnings call.
Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.
Landstar System sees the truckload market as still in a transition period.
Landstar System missed fourth-quarter consensus on Wednesday and issued first-quarter guidance well shy of expectations.
J.B. Hunt Transport Services announced it has built a 40-acre solar farm that will provide electricity to most of its main corporate campus.
An annual report from logistics real estate landlord Prologis calls for a slight recovery in market rents during 2025 following the first decline in more than 15 years.
Truckload carrier Heartland Express is hoping 2025 is the start of a turnaround.
Refrigerated carrier Marten Transport said it was encouraged with sequential improvement in metrics during the fourth quarter even as meaningful year-over-year deterioration continued.
Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.
Two purchase agreements for four of Yellow’s terminals were submitted to a federal bankruptcy court as a broader bid deadline nears.
Bankrupt Yellow Corp. has settled claims with two groups of employees who claim they were not properly notified ahead of mass layoffs in 2023.
Logistics warehouse operator Prologis sees a positive inflection point nearing.
Less-than-truckload carrier Pitt Ohio said it will offer direct service from Cincinnati to six cross-border locations in Texas.
Bulk hauler Trimac announced it has acquired Watt & Stewart and its locations in the U.S. and Canada.
An entity owned by the family that owns car hauler Jack Cooper has acquired Standard Forwarding.
J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period.
J.B. Hunt Transport Services reported fourth-quarter results Thursday after the market closed.
ArcBest announced changes to its leadership team on Thursday.
The less-than-truckload industry needs an uptick in demand to maintain favorable pricing fundamentals.
December data from Cass was mixed, with volumes falling notably but truckload rates moving higher.
Less-than-truckload carrier Roadrunner will implement a 6.9% general rate increase on Wednesday.
BlueGrace Logistics has acquired FreightCenter, which significantly expands its less-than-truckload offering.
The Logistics Managers’ Index showed a near-term high for transportation pricing in December.
Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.
Cass Information Systems rounds out its freight payments platform with the acquisition of AcuAudit.
Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.
Digital 3PL Fura announced Friday its third acquisition with the addition of Pinwheel Logistics.
Big changes are coming in 2025 to the way less-than-truckload freight is classified.
A Thursday opinion from a federal bankruptcy judge said Yellow didn’t provide proper notification ahead of layoffs but its actions were in good faith, meaning the claims may be reduced.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.
A federal bankruptcy court has approved two sales totaling $192.5 million for 12 of Yellow Corp.’s terminals.
Direct ChassisLink Inc. announced it’s adding GPS tracking to its entire fleet of 53-foot domestic chassis.
Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.
Volumes and expenditures moved higher in November, a Thursday report from Cass Information Systems showed.
Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.
M&A adviser Spencer Tenney shares his thoughts on deal activity in the new year.
Same-day logistics provider Priority Courier Experts announced it has acquired Now Courier.
Forward Air announced after the market closed Friday the termination “without cause” of its president and chief operating officer.
Radiant Logistics has acquired intermodal marketing company TCB Transportation.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
Descartes reported record quarterly results Tuesday after the market closed.
The November Logistics Managers’ Index showed a jump in transportation pricing even as capacity stepped higher.
Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
Kenan Advantage Group announced the acquisition of Texas-based XBL.
Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.
The Teamsters new labor deal with Standard Forwarding likely clears the path for a Jack Cooper acquisition.
Kenan Advantage Group announced Friday that it has acquired Michigan-based dry bulk hauler PRM Trucking.
A majority stake in less-than-truckload carrier Roadrunner has changed hands from an activist investor to an investment group led by the company’s CEO.
Freight asset intelligence platform GenLogs is now using its carrier identification data to help law enforcement solve thefts.
J.B. Hunt Transport Services is hopeful that Western rail service will improve, allowing it to layer higher contract pricing across record intermodal volumes.
Speaking at FreightWaves’ F3: Future of Freight Festival, John Larkin, senior partner at Venture 53, discusses what he looks for in an early stage company.