The compensation is contingent on the company going public or changing ownership, according to GM’s annual 10K filing with the U.S. Securities and Exchange Commission.
Today’s selloff on soft revenue growth guidance went too far, according to Stifel’s Bruce Chan and Susquehanna’s Bascome Majors.
There are a lot of companies out there and it’s a number that is likely to shrink, according to the panel. Also on the agenda: blockchain and making yourself stand out in a crowded field.
Amazon (NASDAQ: AMZN) joined with capital venture firm Sequoia and T. Rowe Price (NASDAQ: TROW) to invest $530 million in self-driving vehicle startup Aurora Innovation according to Aurora’s press release on Medium.
Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.
Old Dominion’s operating ratio (OR) improved 520 basis points in the fourth quarter, moving from 83.9 percent to 78.7 percent year-over-year. This is the third quarter in a row the company has posted an OR under 80 percent.
Green New Deals are the rage in Washington, with benefits – and costs – for trucking.
The reintroduction of the Trade Security Act is the most recent proposal to check the executive branch’s ability to impose national security-based trade remedies.
NCBFAA praises Customs and Border Protection leaders for their assistance and guidance during the 35 days federal agencies were closed.
The port handled more than 7 million TEUs in one year for the first time in its six-decade history.
The Bureau of Industry and Security and Census Bureau have raised their civil penalty amounts for various export control and trade statistics violations.
ECHO pivoted away from the spot market and also leaned into LTL.
Werner Enterprises (NASDAQ: WERN) reported strong earnings in the fourth quarter of 2018, posting a diluted earnings per share (EPS) of $0.77. This topped analyst expectations, with the average estimate of 10 analysts surveyed by Zacks Investment Research coming in at $0.68.
Technology Crossover Ventures (TCV) has made a $200 million minority investment in Finland-based RELEX Solutions (RELEX), a leading provider of retail planning solutions – including supply chains – according to a RELEX press release.
FreightWaves, DAT, Nodal Exchange, and K-Ratio pitched trucking freight futures to a diverse group of financial institutions and media and tech companies on Wall Street on Wednesday.
Chinese e-commerce newcomer Pinduoduo (NASDAQ: PDD) seeks to finance an operational expansion by raising $1 billion. The company’s filing with the SEC said that it plans to sell 37 million shares to raise necessary capital.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Convoy, the powerful nationwide trucking network and platform for both shippers and carriers, is partnering with FreightWaves on the first-ever Shipper of Choice Award.
Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
In its report to Congress, the Office of the U.S. Trade Representative expressed concern about China’s support for Appellate Body proposals.
In his State of the Union address Tuesday night, the president says investing in the nation’s roads and bridges “is a necessity.”
Northwest Seaport Alliance may lease to Stevedoring Services of America and MSC’s Terminal International Ltd.
Jeffrey Kessler would be tasked with ensuring compliance of U.S. trading partners with free trade agreements.
The Senate Finance Committee on Tuesday favorably reported the nomination of Jeffrey Kessler, setting up the full Senate to consider confirmation.
Vessel discharge of the Ever Summit, which struck a crane on Jan. 28, is expected to be completed by Thursday morning.
Drivers – not brokers – facing penalties of $5,000-$10,000 for violating new e-manifest filing requirements at the border.
The earnings were accompanied by a strong report from Cowen on the company’s outlook.
Supply chain investments are helping retailers meet the inventory challenges of a growing market, the National Retail Federation (NRF) reported today in its 2019 retail sales forecast.
FreightWaves will live stream each of its Trucking Freight Futures road shows, allowing everyone who participates in the freight market to learn how they can offset their exposure to price swings.
Access to data has improved market transparency, and recent spikes in volatility make the case that transportation costs must be hedged and de-risked.
Tesla’s acquisition Maxwell Technologies could have an impact on Maxwell’s fleet business, which counts more than 7,000 trucks using its products.
House Transportation Committee Chairman Peter DeFazio highlighted the Harbor Maintenance Trust Fund and gas tax as critical issues that must be addressed.
A new petition is seeking White House help to get two bills that would exempt most small trucking companies and owner-operators exempted from the ELD requirement reintroduced to Congress.
The port authority says the project proposed by Fraser Surrey Docks failed to show substantial progress on construction had been made by Nov. 30, one of 83 conditions.
The Class I railroad says it has seen an increase in efficiency and improvement in quality of customer service since implementing scheduled railroading.
Letter to Commerce Secretary Wilbur Ross calls for end to agreement suspending antidumping investigation.
Convoy is now matching 100 percent of loads automatically in major markets, effectively eliminating the need for any person to call or communicate between the shipper and carrier.
Recovery efforts following the Jan. 28 crane collapse have been slowed by high winds and the discovery of more extensive damage to the crane’s boom.
The Agriculture Department and Office of the U.S. Trade Representative will accept nominations for four-year terms until March 1.
U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.
The railroads have delayed installing life-saving automatic braking technology for another two years, and the NTSB is running out of patience.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.
Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.
Not a gangbusters quarter for Saia or Schneider. But the numbers were strong for both and Merrill Lynch thinks the Schneider stock is undervalued.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
Workhound bridges the gap between fleets and drivers by actually listening to what drivers want and translating that into real-time actionable insights for fleets to help them reduce turnover.
The investments could facilitate new trade lanes despite looming economic uncertainty.
CBP is slated to publish Tuesday a ruling that found the U.S. to be the country of origin of certain Ethernet devices for purposes of U.S. government procurement.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
Phil Connors, played by Bill Murray, is stuck in the same day, played out over and over again, in the film Groundhog Day. He repeats each day until he gets it right. In the real world, we don’t get the chance at a “do-over,” but delivery operations present an opportunity to do very nearly that.
Upheaval caused by the U.S.-China trade war has some freight interests uneasy about giving Trump more tariff power.
New orders bounce significantly, raw materials prices fall.
A peer-to-peer delivery startup underscores what everyone knows but doesn’t always point out about the origin of sharing economy businesses – they draw on century-old practices common in developing countries.
The U.S economy added over 300,000 jobs in January, marking the best monthly performance in nearly a year. Transportation and logistics employment continued to increase at an impressive pace, led by healthy gains in warehousing, parcel and trucking jobs.
The monthly economic roundup is a summary of recent event in the economy and a guide for key trends worth monitoring over the next month.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
As another bilateral round of talks concluded this week, U.S. Trade Representative Robert Lighthizer said U.S. and Chinese officials extensively discussed enforcement.
U.S. Customs officers at Nogales border crossing find 254 pounds of the drug hidden in a truckload of cucumbers.
Oakland, Calif.-based cosmetics firm ELF used two Chinese suppliers that violated the U.S. government’s North Korean sanctions.
ELD’s were supposed to make headway into reducing crashes, but that may not be the case so far, according to academic research from supply chain experts.
The financial tech and freight tech sectors both have a huge addressable market, and both have been traditionally resistant to change. Will the disruption continue, and what should we expect after similar patterns of explosive growth?
Debt levels are down and EBITDA coverage for that debt is up as the LTL carrier has a strong year and quarter.
Schneider National (NYSE: SNDR) reported strong earnings again in the fourth quarter, beating analysts’ earnings per share (EPS) estimates of $0.46. The transportation giant posted adjusted diluted EPS of $0.49, up from 2017’s fourth quarter result of $0.33.
Uber Freight is giving drivers the opportunity to rate shipper facilities. The information can be used by both shippers to improve conditions and drivers, who will see the details of a facility before accepting a load.
Americans have become used to buying fruit and vegetables year-round. But it wasn’t always that way, and improved transportation is the key to year-round produce.
After a day of choppy trading, a consensus seemed to emerge that CHRW was well-positioned to grow net revenues even in a re-balancing freight market.
The Canadian Chamber of Commerce CEO said Parliament probably will want to see how legislative consideration of the pact shakes out in the U.S. first.
Now is the time for export compliance officers to explain to senior management the reasons for the delays in BIS and hold the line on compliance.
China has problems that go well beyond U.S. tariffs.
Asset-light transportation manager sees results in-line with expectations, but softer rates coming up ahead.
Speed limiter regulations sat idling under Bush and Obama, so truck safety groups now look to Congress – and Trump – to put it in gear.
The company laid out its strategy in an SEC filing in the third quarter, and the fact that it is succeeding was evident in the numbers.
There aren’t too many signs of a slowdown in the class 8 order book, company officials said.
Desktop Metal, an additive manufacturing [3D printing] firm which specializes in metal printing, announced last week that it raised $160 million from a financing round led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries.
The Office of the USTR submitted a description of changes to existing U.S. laws required to bring the U.S. into compliance.
For the U.S. dairy products industry to pour its products into the British market, the U.K. will need to shed agricultural tariffs and non-tariffs currently shared with the EU.
Port handled 9.5 million TEUs in 2018 and believes technology can help solve “persistent systemic problems.”
Container volumes increased 7.5 percent; the port is dredging and adding cranes, truck gates and rail capacity to accommodate more growth.
Still too much reliance on spreadsheets for carrier procurement, Gartner exec says.
The Congressional Budget Office revealed the latest deficits it tracks for the Highway Trust Fund as Congress plans to debate new ways to pay for infrastructure.
CHRW grew earnings per share by 24%, top line revenue by 4.5%; and net revenues by 13%.
The operating ratio in every trucking segment of the company was improved and its outlook for 2019 is solid also.
Apple’s manufacturing partner Foxconn Technology Group, which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India.
Inxeption has designed the first blockchain-based e-commerce platform for B2B that catalogs and digitizes product information.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
No injuries were reported in the incident, which occurred early Monday morning, but both the crane and Evergreen ship sustained damage.
Trucking law specialists Scopelitis says that state arbitration laws—and not just the courts—can still be used to settle disputes between trucking companies and employees.
The Chinese telecom is charged with stealing trade secrets from T-Mobile USA and for violating U.S. sanctions against Iran through a misrepresented affiliate.
The Office of Foreign Assets Control has sanctioned state-owned Petroleos de Venezuela S.A. for illicit financial support of President Nicolás Maduro’s regime.
The NLRB overruled an Obama-era litmus test defining independent contractors, giving trucking companies’ defense against unions a boost along the way.
The Congressional Budget Office reveals latest stats on the diminishing Highway Trust Fund as Congress plans to consider new ways to pay for highway infrastructure.
New truck and trailer purchases currently include a 12 percent federal excise tax, adding tens of thousands of dollars to the purchase price. A new coalition is looking to lobby for the repeal of the tax.
Though semi autonomous trucks would be a reality in a decade, IRU believes that it would not displace drivers from the trucking ecosystem but would only make their jobs more sophisticated.
KeepTruckin recently nabbed the talents of Jairam Ranganathan, formerly Uber’s senior director of product.
Profitability will lag in high growth markets like Brazil and India, but aftersales services in NAFTA and the EU will drive profitability growth.
International Longshore and Warehouse Union says plan to automate Pier 400 puts robots ahead of people.
Panels will review U.S. Section 301 tariffs on China and retaliatory tariffs by Turkey against U.S. Section 232 measures.
CEO Frank McGuigan and CTO Jim French discussed customer-oriented technology, trends in digital brokerage, M&A, and the future of managed transportation.
Operations resumed Monday following the end of the government shutdown, but it’s still not business as usual.
