Business

Digital freight marketplace CDL 1000 has acquired Next Trucking after the latter announced in June it was looking for new funding.

Reaction to RXO’s fourth-quarter earnings has been decidedly negative, and the first quarter started off weak.

As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.

TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says

Radiant Logistics reported adjusted earnings ahead of consensus for its fiscal second quarter ended Dec. 31.

FleetCor reported fleet transaction revenue of $108 million in the fourth quarter, a 19% year-over-year decrease.

RXO’s fourth quarter was slightly better than the third, but overall, the 3PL had its challenges last year.

A North Texas snack producer and a Forth Worth supply chain services provider announced 329 layoffs in the Lone Star State.

There isn’t much sign of an upturn in Uber Freight’s latest earnings report.

C.H. Robinson’s newly unveiled touchless appointments will automate manual scheduling tasks.

XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.

Thomas Schmitt, the Forward Air CEO who put together the deal with Omni Logistics trashed by investors, is leaving the company. 

Bestpass and Geotab are collaborating to provide mutual customers greater insights into toll violations and costs.

Less-than-truckload carrier XPO reported a better-than-expected close to 2023.

Werner Enterprises saw another step down in operations during the fourth quarter.

A lawsuit that goes back to 2010 and opened the door for the ABC test in New Jersey has been settled.

ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.

OTR Solutions announced its acquisition of Epay Manager to enhance its fintech products with a distinctive audit-proof invoicing system.

If the Fed is deterred from cutting interest rates, freight demand could tumble just as carriers start regaining pricing power.

$2 billion in fines and expenses from emissions-rigging slammed Cummins’ Q4 profit in a year of record revenues and cash generation.

ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.

With FreightWaves SONAR data integrated and available within the transportation planning features of e2open’s TMS, shippers will be able to reference the most up-to-date rate data in the industry as they make short-term and long-term planning decisions.

U.S. Bank’s freight indices are down but at a rate that may suggest a balancing of capacity could be ongoing.

Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.

In a column, 40-year transportation veteran Rob Haddock shared why it pays for shippers to go above and beyond for carriers.

It’s come time again to nominate standout shippers for FreightWaves’ 2024 Shipper of Choice awards, the series’ sixth iteration.

Uber Freight plans to make its API publicly available for scheduling in the second half of the year.

Less-than-truckload carrier Saia will spend roughly 30% of its annual revenue buying terminals and trucks as it looks to take market share again in 2024.

As the Bureau of Labor Statistics signaled in August, the annual revision of employment data shows fewer truck transportation jobs last year than initially reported.

A Georgia-based trucking company, Newsome Trucking, which has 60 drivers and 33 power units, recently filed for bankruptcy protection.

The arcade game Whac-A-Mole describes state-by-state approach to rules of the driverless road while 50-state solution appears far off.

Midsize companies must strategically position themselves through organic growth, acquisitions or partnerships to thrive in a changing landscape, with the market expected to reach $8 billion by 2030.

Regulations continue to reshape industries in 2024. For warehousing, new environmental, labor and safety policies will require new strategies and technology adoption.

New Jersey is raising its truck liability insurance requirement to $1.5 million, one of the highest in the U.S.

Hub Group reported year-over-year decreases in its intermodal, logistics and truck brokerage segments during the fourth quarter.

A major logistics company filed paperwork this week stating that it plans to cut more than 200 truck driver and warehouse jobs at its facilities in Washington and Oregon by March 31.

Pam Transportation Services contends with an auto strike in addition to already depressed truckload demand during the fourth quarter.

Federal regulators are proposing to ease requirements for new truck drivers — but crash victim advocates warn safety will be compromised.

Landstar System said Thursday that a recovery won’t likely occur until summer.

Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring.

Schneider National reported a fourth-quarter earnings miss and a worse-than-expected 2024 outlook on Thursday.

Ryder System is increasing its dedicated footprint with the acquisition of Cardinal Logistics.

There was little good news in C.H. Robinson’s fourth-quarter earnings.

Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.

Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.

Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.

This feature empowers GoodShip’s shippers to craft personalized constraints, aligning with supply chain goals for optimal, strategic procurement decisions.

FreightWaves Inc. is divesting its media arm to focus on its high-frequency data offering, SONAR. FreightWaves media is being acquired by its founder, Craig Fuller, and merged into FLYING Media Group (FMG). FMG will be renamed Firecrown.

Federal investigators have charged two current and two former Massachusetts State Police (MSP) troopers, along with two others, alleging the six traded favors in exchange for giving passing scores to certain applicants in a fraudulent commercial driver’s license (CDL) scheme.

Link Logistics records another big year of final-mile property additions in 2023.

The mismatch between electric truck availability and charging infrastructure prompted Daimler, Volvo and Navistar to make a PACT.

Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.

It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.

Rail is often characterized as one of the more “old school” transportation options, but recent developments in the space have challenged that narrative.

Supply chain visibility provider Vizion is partnering with D&B to launch its new solution, TradeView.

Jumbo Beverages announced a permanent layoff of all employees at its beverage distribution center in Grapevine, Texas

J.J. Schickel, CEO of Omni Logistics, will not be in an executive role at the combined Forward Air-Omni company.

Rachel Premack (that’s me) has a new job outside of journalism. This means no more MODES (for a little while).

Sweden’s Volvo Group reported strong Q4 results but pointed to normalizing demand, code for lower sales already visible in slackening orders.

Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.

A Texas-based trucking company has filed for bankruptcy liquidation four days before a wrongful death civil trial filed by the family of one of its former drivers who drowned in 2016 was slated to start in El Paso County, Texas.

WattEV continues to roll up a lion’s share of federal infrastructure grants as it plots electric charging corridors

Love’s plans on adding as many as 2,000 truck parking spots this year, less than in recent years.

Ex-Slync CEO Christopher Kirchner was found guilty Thursday of four counts of wire fraud and seven counts of money laundering following a four-day jury trial in the U.S. District Court for the Northern District in Fort Worth, Texas.

Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.

Six people have pleaded guilty so far in a federal fraud case involving former executives at Polar Air Cargo, customers and service providers.

Marten Transport reported net fourth-quarter income that was more than 50% lower than a year ago.

American Airlines’ cargo results in the fourth quarter were lackluster considering the industry experienced a mini-renaissance after hitting bottom in the summer of 2023.

Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.

Analysts at Morgan Stanley are bullish on the growth prospects for
Canadian National Railway Co.’s business units in 2024.

Humble leadership at Paccar forgoes a victory lap its as profit streak reaches 85 years with regular dividends paid out since 1941.

Covenant Logistics Group said the freight cycle is bottoming out, and it expects the market to slowly improve over the next several quarters.

Fleet telematics provider Samsara Inc. (NYSE: IOT) filed suit against rival Motive Technologies in federal court Wednesday, alleging Motive, formerly KeepTruckin, copied and used its proprietary technology and engaged in false and misleading advertising.

Semi-trucks are getting better at monitoring what drivers do and, frankly, driving themselves. Truckers are understandably concerned. 

Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.

TriumphPay came in at positive EBITDA in the fourth quarter, a full year ahead of schedule.

Truck maker Paccar Inc. reached 85 consecutive years of posting net income with record sales and profits in the fourth quarter.

The undisclosed investment will support Optym’s enhance of transportation optimization solutions.

Ryder System is leasing space at a Houston maintenance facility to Kodiak Robotics for driverless truck operations.

United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year.

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.

Nikola is in no hurry to artificially boost its stock price to ward off its second Nasdaq delisting notice in eight months.

Flexport CEO Ryan Petersen on Friday announced the company has raised $260 million from shareholder and e-commerce provider Shopify.

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.

Could electric trucks find a new power source in decommissioned power plants. Zeem Solutions plans to find out.

J.B. Hunt Transport Services’ fourth quarter was weighed down by insurance costs but revealed a couple bright spots at the bottom of the cycle.

Supply chain-focused startups Sayari, TrusTrace, Cart.com and Kusari recently secured a combined $330 million in capital investments.

WWL Vehicle Services Americas is closing a Houston logistics operation and moving to Freeport, Texas.

Logistics real estate operator Prologis’ 2024 outlook calls for relative softness in the market during the first half of the year before rebounding.

PS Logistics announced its second deal of the year, acquiring the flatbed operation of North Carolina-based ELS.

The Haslam family has exercised its option to have Berkshire Hathaway buy the final 20% of Pilot Travel Centers it did not already own.

One-time autonomous trucking leader TuSimple took the next step in its pullout from the U.S. market by voluntarily delisting from the Nasdaq.

Equities analysts have trimmed fourth-quarter truckload estimates again after the industry limped through the final days of the year.

Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.

ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.

Brad Jacobs’ new book, “How to Make a Few Billion Dollars,” is filled with lessons for transportation entrepreneurs.

Daimler Truck managed a 1% gain in global sales in 2023, less than expected as supply chain issues still haunted the leading OEM.

At the big National Retail Federation meeting in New York, a daylong discussion on supply chains looked back on the craziness and ahead to a bold future.