Business

Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.

FedEx Express has parked more freighters, reduced aircraft capex and is integrating its daytime freighter network with the Freight segment’s less-than-truckload operation to provide linehaul connecting the U.S. and Europe to boost efficiency.

Colorado State University researchers say ELDs are vulnerable to “truck-to-truck worms,” self-replicating malware that spreads across a network.

In today’s FreightTech Friday roundup, we explore Transportation One’s new tech, a Truckstop survey on carrier sentiment and a recent round of funding.

Onshore well services provider Enservco Corp. has entered an agreement to acquire Buckshot Trucking.

While the logistics industry as a whole needs data standardization for greater efficiency, it faces specific challenges when compared to other industries.

Bosch has a cloud-based plan for load matching; Nikola’s high-pressure product and problems;, and Cummins’ creative stock buyback via spinoff

FedEx said strong cost controls drove its fiscal third-quarter results; its shares soared in late trading.

In the ongoing battle between FreightTech giants project44 and FourKites, the Illinois Supreme Court has sided with project44, agreeing that allegedly defamatory emails were sent to a third party.

Transfix has launched tools aimed at protecting shippers, carriers and brokers from fraud.

In the ongoing battle between FreightTech giants project44 and FourKites, the Illinois Supreme Court has sided with project44, agreeing that allegedly defamatory emails were sent to a third party.

The end of 2023 saw a surge in cargo thefts with thieves targeting food and beverage freight, along with electronics and household goods.

Uber Freight’s Powerloop offering has served more than 220,000 loads using over 10,000 carriers. Powerloop saw a 43% increase in power-only load volume in 2023.

DAT Freight & Analytics says “external forces” caused service disruptions over the past 10 days on the load board’s platform.

Pandemic-related port congestion spurred the Department of Transportation’s creation of the Freight Logistics Optimization Works data-sharing platform.

Commercial vehicle auction volume in February held steady, but prices fell, according to J.D. Power Valuation Services. Yellow’s liquidation is expected to affect March prices significantly.

Legislation heading to Georgia Gov. Brian Kemp to bar most truck-crash lawsuits against insurance companies would reduce premiums and lead more insurers to write policies, supporters say.

Bulk hauler Trimac announced the acquisition of North Carolina-based Feldspar Trucking, which hauls materials used for glass and ceramics production.

In 2023, the Port of New Orleans achieved a record-breaking year for its container-on-barge service, emphasizing its commitment to reducing emissions.

The odds of winning the big AB5 independent contractor case on appeal, after last week’s smackdown in a lower court, are considered slim, observers say.

Discover how Giovanni Gubbels, founder of CtrlChain, is revolutionizing the logistics industry by enhancing collaboration and optimizing capacity through digital transformation.

Friday saw a pivotal shift for Flock Freight as the company opted to downsize its workforce by 54 individuals, a strategic decision aimed at realigning the company’s trajectory towards profitability.

A new attempt to keep California’s independent contractor law AB5 from the state’s trucking sector was thoroughly rejected by a federal judge this week.

Major weather events in the past few years have greatly affected supply chains and logistics. It’s likely to be the same in 2024, as El Niño causes different effects in different regions.

After numerous rides in autonomous trucks monitored by safety drivers in case of a mishap, I found it almost surreal to climb into Aurora Innovation’s Class 8 driverless truck, buckle […]

Today’s FreightTech roundup takes a look at HEALE Labs’ goal to improve data sharing with digital currency, PrincetonTMX’s partnership with Loop and other highlights of the week.

Prosecutors said Viorel Pricop set fire to Swift Transportation trailers after the company helped law enforcement bring federal charges against him.

A study by last-mile solutions provider OneRail addresses retailers’ concerns about diversifying delivery networks and highlights strategies such as leveraging technology for strategic planning.

An Illinois trucking company with 183 trucks and 171 drivers recently filed for Chapter 11 bankruptcy protection.

Newly launched LocusHub lets warehouse managers customize autonomous mobile robots’ workflow routes, forecast staffing and orders with machine learning, and pinpoint bottlenecks.

Navistar has announced it will partner with Plus to integrate its autonomous driving technology into Navistar’s vehicles.

The two key ratings agencies expressed caution about the debt metrics on GXO’s acquisition of Wincanton. (Photo: GXO)

Uber Freight has set a goal to acquire over $2 billion in freight under management in Europe by 2028.

Gov. Eric Holcomb of Indiana has signed a bill that allows juries to know whether a plaintiff in a vehicle accident was using a seat belt. The ATA has praised the legislation.

Descartes’ monthly report shows strong February container imports, but March and April volumes appear less certain.

TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.

An NLRB rule on joint employee status that was widely feared by employers has been vacated by a federal court in Texas just before it was to take effect.

PS Logistics announced the acquisition of flatbed fleet Yordy Transport on Monday.

LG Business Solutions USA will unveil its family of autonomous mobile robots at industry trade show MODEX in Atlanta.

BlueGrace plans to integrate Evos into its BlueShip platform for real-time optimization and will sell the SaaS platform as a stand-alone product.

ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.

Trucking, logistics and truck stop chains are collectively owed millions of dollars after a Virginia-based logistics firm recently shuttered operations and filed for bankruptcy liquidation.

Walter Mitchell, CEO of Tai Software, explains where freight brokerages can leverage AI to better their business and how the second phase of TMS calls for great sophistication.

Lufthansa Cargo saw a big drop in profitability last year because of difficult market conditions.

Supply chain software provider E2open, with Elliott Investment Management holding a big stake, has launched a “strategic review” on its future.

The Securities and Exchange Commission has withdrawn a rule that would have required reporting of scope 3 emissions, those related to companies’ supply chains.

While an uptick in the market might be coming for freight, it will still be challenging. Repowr’s chief of staff explains how having access to trailer sharing can help.

Transfix’s new feature aims to streamline logistics for small and midsize businesses by addressing manual processes and securing competitive rates, in line with an integrated marketplace approach.

Supply chain software provider Descartes said it continued to pick up market share on its way to another record quarterly performance.

John Stauffer, co-founder and COO of Isometric Technologies, explains how data can provide a competitive advantage — if handled correctly.

As technology continues to evolve, the pressure on data science teams for 3PLs will only grow. Siloed platforms and fragmentation in the industry are apparent.

Implementing FreightTech solutions requires understanding business needs, selecting partners that support users, capturing internal data and ensuring scalability.

Air forwarders are getting a break from the Transportation Security Administration that will save them time and money on administrative work needed to stay in a required security program.

Less-than-truckload carrier XPO is seeing some of the strongest volume growth in the industry.

Old Dominion Freight Line reported modestly better trends in February compared to January but noted the market remains soft.

A director at Werner Enterprises has resigned over several disputes, including one over the truckload carrier’s environmental, social and governance policies.

Truck driver Kelvin Garcia Liriano, 28, of New Rochelle, New York, was sentenced to six months in prison for stealing $33,000 load of Mike’s Hard Lemonade.

Rates are still high and ships are still rerouting, but global supply chains appear to be adjusting to restricted Red Sea trade.

Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.

Supply chain technology cannot be siloed or fragmented to operate in today’s supply chain. This is what you need to know for the rest of 2024.

Kuehne+Nagel is the largest logistics company in the world, but it wasn’t immune to downward market forces in 2023.

BNSF Railway reportedly furloughed hundreds of mechanical department workers at train yards in 4 states.

The Sisters of the Road photo collection highlights female truckers’ struggles and improvements needed for industry equality.

Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters.

FreightWaves SONAR announces a new iteration to its Lane Scores feature.

Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.

While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.

Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.

Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.

Seattle-based OpenTug says it serviced over 3 million tons of marine cargo across 25,000 miles of U.S. marine highways in 2023.

A case in Illinois involving BNSF Railway and a federal law on biometric information privacy has its settlement figure: $75 million.

Texas’ last sugar mill announced it will close permanently amid water shortages, impacting 435 workers, including 101 company truck drivers.

Spot rates are back above breakeven and Zim’s costs are falling.

The Texas Supreme Court has set a March 6 deadline for any parties that want to weigh in on the $90 million verdict against Werner Enterprises.

Rising insurance costs, which were flagged by most carriers on fourth-quarter calls, present a headwind to earnings, Morgan Stanley said Tuesday.

Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.

Isometric Technologies announced the winners of its third annual service excellence awards.

Financial data from Canadian bank BMO, a major lender to the trucking industry, showed further credit deterioration.

Over 570 layoffs hit freight-related companies in California, Illinois and Michigan, with firms citing market conditions and loss of customers as reasons for the job cuts.

When Berkshire Hathaway bought the last 20% of Pilot Travel Centers, the deal valued the chain at significantly less than just a year earlier.

Trucking, logistics and factoring companies are collectively owed millions of dollars after a California-based freight forwarder filed for bankruptcy liquidation.

Documentation and fintech platform ODeX conducted a survey assessing the maritime industry’s views on digital documentation in ocean shipping.

Supreme Court considers that question and what it means for disputes taken to arbitration or to court.

Business and supply chains are always influenced by changes in presidential leadership. But what will this upcoming election mean?

A new report from venture capital firm UP.Partners takes a look at the impact of the freight recession and new developments in the industry.

A Wisconsin bill may limit non-economic damages for accidents involving commercial vehicles. An Indiana bill would let seat belt use be used as evidence in accident lawsuits.

Federal prosecutors have charged the owner of an Illinois trucking company in an elaborate scheme to help applicants cheat on CDL exams by using hidden microphones and earpieces.

Hyliion is getting a second chance to make a viable business with its Karno technology that could help generate a buyer for the company.

Kimberly Fisk, the new COO of Triumph’s factoring group, sat down for an interview with FreightWaves as she begins the job.

AT&T’s widespread outages are causing connectivity disruptions for major transportation tech providers. Here are some platforms experiencing issues and how it impacts the industry.

Zeem Solutions’ approach encompasses everything from vehicle leasing to maintenance, making green transportation more accessible.

Texas-based factoring company Genesis Network Telecom filed for bankruptcy liquidation on Wednesday.

CloudTrucks has purchased Shipwell’s brokerage, and Shipwell plans to focus on its SaaS offering.

FreightWaves SONAR and Trucker Tools have added real-time flatbed rates into the Trucker Tools Smart Load Board.

Volume data at Expeditors suggests that the year-on-year decline is slowing from where it was earlier in 2023.

Third-party logistics provider Air Van announced it acquired G&C Cartage.

The Teamsters, which have been mostly winning lately, saw their union kicked out by some workers in Wisconsin.

Universal Logistics posted lower Q4 revenue in its trucking, intermodal and brokerage segments.

The downward slope in cargo revenue at Air Canada began to level out during the fourth quarter, and management is optimistic 2024 will be better for airfreight than last year.