Alterna Equity Partners announced Wednesday the acquisition of waste and industrial materials carriers Attaway Hauling and Choice Bulk Carriers.
Worldwide Express is the latest and biggest customer of the integrated payments and audit network established by TriumphPay.
School buses qualify for a lot of incentives to go electric, but are the vouchers and grants enough to make a difference?
The two largest home improvement retailers cut their full-year sales guidance in Q1, a rarity; many other retailers also pointed to intensifying pressure on Americans’ ability to spend money as the year has progressed.
Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.
Freightos, an online reservation portal for freight shippers, is adding users, but heavy development costs and a weak shipping market make it difficult for the startup to reduce losses.
Gains in industrial real estate markets were reported in eastern and central Pennsylvania as well as greater Philadelphia.
The quarterly earnings report of major truck lender BMO finally reflected the deterioration in the trucking market.
Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.
Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.
Trimac Transportation completes the acquisition of propane and butane carrier Transport Sylvain Lasalle.
Transportation and logistics conglomerate R&R Express announced its second deal of the year on Monday.
Reliance Partners’ CFO, Thomas Albrecht, warns about the underestimated impact of the ongoing bank crisis on the freight community. Discover how loan activity, interest rates, and funding for truckers and carriers may be affected.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
Cummins wants its filtration business to stand alone, but the engine and power distribution company will keep at least 80.5%.
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.
All airlines are experiencing lower cargo revenue, but Air Canada lagged most competitors during the first quarter for reasons both unique to the airline and common for the industry.
Ratings agency Moody’s held J.B. Hunt’s debt rating steady, as the trucking company’s rating hasn’t changed since 2014.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
U.S. Xpress has laid off about 150 staffers and reported a hefty loss to the SEC.
Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.
U.S. box demand, which has experienced historic declines in the past two quarters, remains unusually weak in Q2 from all indications.
Four supply chain-focused firms have secured a combined $70 million in funding amid a sluggish investment market.
GXO, the world’s largest pure-play contract logistics provider, posted a record 12% year-over-year revenue gain.
Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.
E-commerce funding platform 8fig has raised $140 million to help online sellers expand their profitability and market reach.
Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain.
Higher expenses and lower carload volumes contributed to a year-over-year dip in BNSF’s net profits for the first quarter.
Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.
Airbus has delayed the entry into service of the firstA350 freighter until 2026.
Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.
Reduced North American rail traffic isn’t dampening the outlook for these rail equipment manufacturers and rail car lessors.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.
Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.
Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.
Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
Tech solutions firm Trimble reported $154.9 million in first-quarter transportation revenue amid a softening freight market.
The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.
Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Supply chain software provider e2open gave a bleak outlook in its earnings. Its stock took a pounding in response.
U.S. truck engine maker Cummins on Tuesday reported first-quarter revenue of $8.5 billion, boosted by strong global demand for its products.
Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.
Uber Freight suffered along with the general freight market downturn and saw its first-quarter EBITDA sink yet again.
Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.
Canadian trucking and logistics provider Mullen Group announced the acquisition of less-than-truckload and truckload carrier B. & R. Eckel’s Transport.
Truckload carrier Heartland Express missed first-quarter expectations.
Saia’s revenue trends in April are much better than its less-than-truckload peers.
Universal Logistics Holdings saw revenue declines in its trucking, brokerage and intermodal segments in the first quarter.
Sun Country is bucking the trend of express carriers flying fewer hours because of slow shipping volumes. Its Amazon fleet is busy as ever.
ArcBest on Friday stood by its strategy to take on lower-margin business.
Triumph Financial felt the soft freight market like everybody else, but its network of the future did show signs of improvement.
Trimac Transportation said Thursday it has completed the acquisition of AIP Logistics.
Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.
Amazon also issues higher second-quarter guidance.
Covenant’s biggest announcement in disclosing its first-quarter earnings is that it bought a large hauler of poultry-related freight.
Companies expecting a near-term demand recovery might be well served to read Visa’s Q1 earnings call transcript.
Quarter after quarter, Paccar Inc. points to parts sales as driving its revenue and profits. Rush Enterprises deserves some of the credit.
Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
U.S. Xpress, about to be sold to Knight-Swift, has settled 4-year old litigation regarding its initial public offering.
Gol Airlines in Brazil will have five all-cargo aircraft in its fleet by next month operating in a dedicated service for a large online retailer.
Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.
Trailer maker Wabash reaped the benefits of its reorganization and long-term customer deals in the first quarter.
C.H. Robinson had a weak first quarter, as expected, and a new CEO should be in place by the end of the quarter, according to management.
Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.
Norfolk Southern is adjusting how it configures trains in response to the February East Palestine, Ohio, derailment. That will help the company improve productivity later this year, officials said during the railroad’s first-quarter 2023 earnings call Wednesday.
Like Volvo Group and Paccar Inc., which have already reported, Daimler Truck forecasts a stronger-than-expected first-quarter earnings report.
Link Logistics maintained high occupancy and rent growth in the first quarter.
Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.
Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.
A weak U.S. consumer and a continued Asian downturn weigh on UPS. The macro environment is expected to remain challenged, CEO Carol Tomé says.
Not to be outdone by CPKC, CN said it is partnering with Union Pacific and Grupo México to provide a new, cross-continent intermodal service that will seek more truck-to-rail conversions.
Paccar Inc. crushed Q1 revenue and profit estimates, a quarter dampened by a $446 million hit related to European price-fixing settlements.
The Q2 Freight Sentiment Indexes show carriers lower, brokers higher and shippers about the same despite ample pricing power.
U.S. box shipments are declining at their fastest rate since the worst of the Great Financial Crisis, with trends having deteriorated as the first quarter progressed, according to the third-largest North American containerboard producer.
Pam Transportation saw first-quarter earnings fall as the truckload market searches for a bottom.
A company with just under a 5% holding in TravelCenters of America wants the board to speak with Arko, whose bid for the company has been rejected so far.
Service improvements at CSX come as headcount levels are at “a good number,” officials said during the company’s first-quarter 2022 earnings call.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
Union Pacific’s earnings guidance for the year is based on the assumption that a recession won’t occur, officials said during the railroad’s first-quarter 2023 earnings call Thursday.
Volvo Group reported record sales and deliveries in the first quarter, projecting a positive note as the first truck manufacturer to release financials.
A large European pulp and paper company issued a profit warning as “the whole packaging market is currently weakening.”
Truckload carrier Marten had a first quarter in which it drove more miles than last year but made less money.
United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
Nikola Corp.’s hopes for a zero-emissions trucking future may be realized without the startup being part of it.
Logistics real estate operator Prologis believes headwinds facing the supply side will prop up occupancy and rents into 2024.
Warehouse operator Prologis reported first-quarter results in line with expectations Tuesday.
J.B. Hunt missed first-quarter expectations Monday as weak intermodal and trucking trends plagued the quarter.
J.B. Hunt Transport Services missed analyst expectations for the first quarter on Monday.
Financially struggling Nikola Corp. wants shareholders to double the company’s authorized shares so it can pay its loans in stock.
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
Volvo posted unexpectedly strong preliminary sales and earnings in Q1, reversing a dour projection made just months ago. (Photo: Volvo Group)
Using the company’s platform, Repowr Connect, shippers, fleets and 3PLs can share their available assets with other network members, helping parties find on-demand capacity.
