The supply chain continues to be stretched as the peak shipping season bears down. Capacity declines further while rates soar, according to an August survey.

Less-than-truckload carrier Saia sees tonnage gains carry into the third quarter.

Mike O’Malley, SVP, government and public relations at DCLI, chats about the market for chassis as well as potential regulatory changes with FreightWaves’ Kevin Hill at the Intermodal Summit.

C.H. Robinson announces a drayage surcharge at most of the nation’s biggest container ports as international drayage carriers have implemented congestion fees.

Discount chain Dollar Tree expects the positive impact from heightened consumer demand to be totally offset by elevated transportation expenses this year.

The New York Shipping Exchange, a digital trading platform for two-way committed ocean contracts, announced it raised $15 million in its latest funding round.

Rate predictions for the truckload market are coming in earlier than in past years. High consumer demand along with a lack of drivers and equipment has industry participants calling for further increases.

Dedicated carrier Cowan Systems is offering sign-on bonuses as high as $20,000 for newly hired drivers.

Yellow Corp. announced that its interim CFO, Dan Olivier, will assume the role permanently. The change comes as the company navigates a financial and operational transformation.

As this year’s peak season gets underway, dislocations in the supply chain are increasing. However, this is really nothing new as the industry has been in peak mode for a year.

Truckload carrier Heartland Express announced a 50-cent-per-share special dividend Friday. It was the second carrier to announce a special dividend this week.

Freight forwarder JAS Worldwide announced it has entered into a share purchase agreement with forwarding, logistics and supply chain management provider Greencarrier Freight Services International.

Marten Transport announced a special dividend of 50 cents per share. The payment marks the third straight year of special dividends for the carrier.

Truck broker Landstar System points to better-than-expected truck volumes and yield trends in the third quarter as reasons to raise its outlook.

AskWaves takes a look at gains on the sale of revenue equipment and how they play into the financial results of truckload carriers.

July data from Cass showed freight shipments remained elevated but labor and equipment shortages constrained growth. Expenditures held near all-time records.

Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.

August is likely to see a new monthly record for retail container imports, with 2021 doing the same. However, ongoing supply chain dislocation clouds how quickly consumers will be able to get their hands on the goods.

As freight markets enter the second year of peaklike conditions, FreightWaves caught up with Amit Mehrotra, Deutsche Bank’s transportation analyst, to talk about how this freight cycle will play out.

The need for truck capacity remains at historic highs, and more fleets have responded by increasing driver pay for the second time this year.

A third-quarter outlook from truckload carrier U.S. Xpress sees volume and rate strength lasting throughout 2021. However, driver and supply chain labor challenges present risks.

Temperature-controlled warehouse operator Americold pulled in its 2021 outlook, citing labor-related food manufacturing limitations within its customer base.

Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.

Covenant Logistics Group beat second-quarter earnings expectations and said the second half of the year is likely to produce stronger results.

Covenant Logistics Group reported a better-than-expected second quarter as freight demand remains elevated and capacity is in short supply. The company said the favorable conditions have carried into the third quarter.

Freight broker Landstar System sees continued strength in consumer spending push freight demand higher during the second quarter. The company posted its best quarterly results ever Wednesday after the market close.

Knight-Swift Transportation beat second-quarter estimates and raised its full-year guidance to include the favorable operating environment in addition to accretion from recent acquisitions. However, the improved outlook includes the expectation for continued cost headwinds around labor.

Midwest Carriers announced the acquisition of alcohol transporter Osborn & Son Trucking for an undisclosed amount.

Walmart leverages ongoing supply chain investments to land a spot among the FreightWaves Shipper of Choice top 10.

J.B. Hunt Transport Services beat second-quarter expectations Monday. However, the back half of 2021 will depend on how well the railroads and shippers can improve their operations.

J.B. Hunt Transport Services reported better-than-expected second-quarter results Monday as the company saw double-digit revenue growth in all divisions when compared to the year-ago period, which contained widespread lockdowns from COVID protocols.

Prologis’ second-quarter results exceeded analysts’ expectations, and guidance moved higher as property rents are increasing at a record pace.

Heartland Express records its best consolidated operating ratio since its last acquisition was fully integrated.

Logistics real estate investment trust Prologis announced Monday that demand for space remains robust and that operations are the healthiest in its 38-year history. The company modestly beat expectations for the second quarter and raised its outlook for the rest of 2021.

Temperature-controlled logistics real estate investment trust Lineage Logistics and venture capital firm 8VC have formed an alliance to invest in technology startups in the transportation and logistics industry.

P.A.M. Transportation benefited from a tight truckload market in the second quarter to post record revenue and operating income.

Michael Ramsey, analyst at Gartner Inc., discusses initial applications for heavy-duty electric trucks and autonomy in trucking with FreightWaves’ Sebastian Blanco at the Autonomous & Electric Vehicles Summit.

High barriers are a deterrent to starting a less-than-truckload operation. Knight-Swift’s recent acquisition sheds some light on the value in owning assets in the space.

Bulk carrier Trimac Transportation has acquired Southern California cement carrier Double Eagle Transportation.

Freight expenditures surged at the fastest rate on record during June, according to data provided by Cass Information Systems.

U.S. rail carloads showed strength in 19 of 20 commodity categories in June. Second-quarter intermodal traffic climbed 22% even with network congestion and equipment shortages as the backdrop.

Knight-Swift’s “transformational” $1.35 billion less-than-truckload acquisition marks the second big deal by a public truckload carrier in less than a week.

Knight-Swift Transportation acquires less-than-truckload carrier AAA Cooper in a deal valued at $1.35 billion.

Transportation and logistics provider Werner Enterprises announced it has acquired an 80% equity stake in ECM Transport Group for $142.4 million. Werner has the option to purchase the remaining 20% of the 500-truck fleet after five years.

DP World announced it has acquired Auburn Hills, Michigan-based supply chain solutions provider syncreon at an enterprise value of $1.2 billion.

Chris Scheid, co-founder, president and COO at MyCarrier, discusses accessibility of technology and less-than-truckload transportation management systems for small and midsized shippers with Andrew Cox, senior retail analyst at FreightWaves.

Third-party logistics provider FitzMark announced its fifth acquisition, this time picking up the brokerage operations of truckload carriers Riverside Transport and Transco Lines.

XPO Logistics announced a 5 million-share equity offering on Monday. Half of the stock would be a new issuance from the company with the other half being sold by an affiliate of Brad Jacobs, XPO’s chairman and CEO.

AskWaves looks at the primary ways of comparing data, using year-over-year and sequential comps, and how sharp changes in demand during the pandemic have made it necessary to view the numbers through a different lens.

Signs of hope are seen in driver recruitment, according to Tenstreet, as “historic” pay increases continue.

Forward Air announced Friday that VP and Controller Rebecca Garbrick has been named the company’s new CFO, a role that had been vacant for three months.

High demand and tight capacity have less-than-truckload carriers testing years of investments that are designed to handle this type of environment. Many of FedEx Freight’s service woes were captured in the data leading up its cancellation announcement.

Hirschbach Motor Lines announced that it has acquired Lessors Inc. The deal marks the second combination of two temperature-controlled carriers in the last week.

E-commerce fulfillment provider Transportation and Logistics Systems has reached an agreement to acquire SalSon Logistics for $90 million. However, the deal doesn’t yet have financing in place.

Heyl Truck Lines announced the acquisition of Holiday Express. The deal combines two Iowa-based temperature-controlled haulers.

The headline number for May retail sales was a sequential decline. What may have been lost in the report is that consumers are continuing to spend at a record-setting pace, which bodes well for freight flows.

U.S. Xpress sees brokerage platform Xpress Technologies as a big part of the company’s digital overhaul.

A Prologis Research report says new logistics real estate completions coming online will fall short of demand over the next decade.

The Cass Freight Index surged again in May with continued strength recorded in freight shipments and spend. While the year-over-year comparisons become more formidable in the coming months, the current supply-demand fundamentals are expected to remain in play for some time.

Fleet intelligence provider Omnitracs announced the latest release of its SmartSense technology Thursday. SmartSense for Inattentive Driving+ aims to reduce accidents by identifying distracted driving.

Transportation capacity diminished further in May, according to a supply chain survey. The capacity subindex of the Logistics Managers’ Index fell 50 basis points from April to 32.7%, “indicating continued […]

Matt Silver, VP of partnerships and strategic alliances at Trucker Tools, and Larry Cothran, owner-operator of Cothran Logistics, chat about becoming an owner-operator at FreightWaves’ Small Fleet & Owner-Operator Summit.

XPO Logistics provided updated expectations for the second quarter and issued 2022 guidance for soon-to-be stand-alone logistics company GXO.

Asset-light trucking and logistics provider Forward Air’s new pay plan incentivizes operators to haul into the country’s more challenging markets.

The large year-over-year revenue increases recorded by less-than-truckload carriers in the second quarter continued with Yellow on Monday after the close. However, the carrier’s operating metrics lagged some of its competitors as it continues to execute a companywide overhaul.

Carriers are hoping to attract drivers with more pay and improved benefits.

There was a fair amount of “feel-good” talk regarding inventory build during the fiscal first-quarter retail earnings season. But for several chains, the year-over-year comparisons were easy. Further, sales have continued at an elevated clip, suggesting the massive merchandise restocking is far from over.

Less-than-truckload carrier Old Dominion reported further acceleration in tonnage and yields in the first two months of the second quarter on Thursday.

Less-than-truckload carriers ArcBest and Saia report continued strength in demand through the first two months of the second quarter.

Truck broker Landstar System raises its second-quarter guidance as shipments and pricing outpace its initial outlook.

Growth rates throughout the supply chain cooled in May from recent record highs. However, the latest reading on transportation capacity stepped lower again.

Knight-Swift announced Tuesday the acquisition of third-party logistics provider UTXL in a $22.5 million transaction.

Industrial and logistics real estate investment trust Prologis brings in an industry veteran to manage relationships with multimarket customers and expand broker relationships.

A commonly seen financial term — earnings before interest, taxes, depreciation and amortization (EBITDA) — and why it’s used is explained.

Adam Miller, CFO of Knight-Swift Transportation and president of Swift Transportation, joins George Abernathy, president of FreightWaves, during Day 2 of FreightWaves LIVE @HOME to talk capacity, drivers, rates and more.

Commentary from trucking executives at an investor conference suggests the capacity crunch may last well into next year.

Appearing at an investor conference Wednesday, management from J.B. Hunt Transport Services said delivery schedules for new containers are being hindered by a lack of ocean capacity, not manufacturers’ build schedules.

Dan Kopp, CEO of freight brokerage ITG Transportation Services, joins Trey Griggs, VP of sales at Lean Solutions Group, to discuss the ocean shipping environment at FreightWaves LIVE @HOME.

Freight shipments continue to break records with little signs of slowing. The year-over-year comparisons get tougher in the back half of 2021 but the current supply-demand dynamics may not change all that much.

Carriers continue to push driver pay higher amid a capacity-constrained market to keep their equipment seated and on the road.

Cass freight data released Wednesday shows shipments and expenditures surged again in April.

Werner Enterprises announced Tuesday the board approval of a planned transition that moves its founder, CL Werner, to chairman emeritus, with CEO Derek Leathers becoming chairman.

ORBCOMM, a provider of electronic logging devices and IoT technologies, announced carrier Marten Transport is retrofitting its fleet with ORBCOMM’s dual-mode asset-tracking devices.

Prologis announced it has partnered with the Association for Supply Chain Management to launch a certification program for logistics workers.

Third-party logistics provider Radiant Logistics handily beat quarterly expectations Monday. Management has returned its focus to share buybacks and M&A.

Flatbed truckload provider Daseke reported first-quarter adjusted earnings better than expected. However, with a more than 5x run-up in share price over the past year, a decent quarterly report without a guidance raise sent the stock lower on Friday.

Cold storage facility operator Americold said food manufacturers are “failing to meet the needs of retailers” as COVID-related production shutdowns have drawn down food stocks. The impacts from lower inventories and throughput were seen in the company’s first-quarter report.

Less-than-truckload carrier Yellow Corp. reported a sizable first-quarter loss Wednesday as weather, increased purchased transportation expense and a lack of gains on real estate sales weighed on the period.

A Prologis Research report points to strong retail sales and inventory restocking as the catalysts behind further tightening in logistics real estate markets.

Less-than-truckload carrier Saia announced Tuesday it was hiring more than 500 drivers and 300 dockworkers.

An April survey of supply chain executives showed “continued downward pressure on transportation capacity” with prices surging to a 2.5-year high.

ArcBest points to the current “robust demand” environment as supportive of raising equipment spending in 2022.

Logistics provider ArcBest Corp. posted first-quarter results well ahead of analysts’ expectations Tuesday.

The latest report from the congressional oversight commission monitoring COVID relief loans shows Yellow Corp. may not have been as “critical to maintaining national security” as once thought. The report also calls into question the company’s increased spend on lobbying efforts ahead of the loan.

Forward Air provided some clarity on longer-term margin expectations during a Friday conference call with analysts. The company beat first-quarter expectations and its new guidance came in much better than expected.

Bobby Healy, founder and CEO of Manna, sits down with Kevin Hill, executive publisher at FreightWaves, at the DroneWaves Summit to chat about the capabilities and economics of drone delivery.

Forward Air reported first-quarter earnings results and issued second-quarter guidance that were both ahead of expectations.

Schneider National sees several favorable catalysts through the remainder of 2021 that are supportive of its guidance raise. Finding equipment and drivers will be the challenge.

Schneider National’s first quarter comes in ahead of analysts’ expectations and the company raises its full-year outlook by 8% at the midpoint of the range.

Forward Air announced it has entered an agreement to acquire expedited transportation and less-than-truckload provider J&P Hall Express.