Business

Anthony Sutardja, co-founder and CEO of Parade, told FreightWaves the new capital will go toward AI and RFP tools.

Radiant Logistics is looking to deploy its unleveraged balance sheet on M&A.

Estes Forwarding Worldwide announced plans to acquire fellow forwarder Superior Brokerage Services.

Integrations solutions provider Kleinschmidt plans to help insurance tech vendor meshVI build out its future technology stack and will provide application programming interface support.

J.B. Hunt provided a slightly more positive outlook at an investor conference on Wednesday.

Lawmakers on both sides of the aisle pressed the American Trucking Associations and tech companies over job and safety concerns associated with driverless trucks.

In what is far from a nuclear verdict, a long-running suit against Knight Transportation in California was settled for $400,000.

Parallel Systems unveiled Tuesday another second-generation, battery-powered autonomous rail vehicle, which is slated for use in pilot projects both in the U.S. and abroad. Through this iteration of the autonomous […]

GXO Logistics has ceased operations and laid off 378 workers at several locations across the country in recent months.

The California Senate passed a bill to ban heavy-duty driverless trucks, leaving it to Gov. Gavin Newsom to sign or veto the legislation.

Nikola asks customers with electric trucks under recall for potential battery fires to return them to its plant.

Less than 2 weeks after representation election, UFCW already charging regional truckload carrier ECM with actions that may be retaliation. (Photo: LFCW)

Axle’s universal data platform gathers intelligence that’s focused on helping fleets optimize deliveries, reduce fuel costs and increase driver retention.

The timing in promoting its growing patent portfolio could suggest TuSimple is trying to find a buyer for its U.S. business.

Forward Air’s August tonnage improved from July but likely came in lower than expected.

Amid a contraction of autonomous trucking firms, the founders of self-driving startup Argo AI are launching a driverless trucking startup.

C.H. Robinson CEO Dave Bozeman focused on process and costs when meeting with analysts at the TD Cowen conference Thursday.

The NRF has bought a leading trade group to expand its sustainability solutions for members.

I Squared Capital has cobbled together a national portfolio of trailer lessors through M&A representing 55,000 units.

The prominent former Amazon executive agreed to resign from the CEO role. Flexport founder Ryan Petersen will take back his role. 

The partnership offers e2open TMS users seamless access to FlockDirect, a terminal-free shared truckload solution from Flock, enabling real-time quoting and booking.

Using water emitted from fuel cells for a car wash is part of Toyota’s first all-renewable-energy vehicle processing center.

Convoy’s new system uses machine learning and other tools to identify possible fraud.

Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.

Supply chain visibility provider Descartes leans on past acquisitions to grow through the downcycle.

Along with a six-year port agreement, President Biden is underscoring the role of UPS Teamsters and ocean shipping reform in boosting the U.S. economy.

Former Amazon executive Dave Clark told FreightWaves that Flexport founder Ryan Petersen wants to redirect Flexport’s mission.

Forward Air defends its latest deal that will position it as a supplier and a competitor to its customers.

A third Nikola battery-electric truck burst into flames inside a lithium supplier’s building, but the company says recalled trucks are still safe to drive.

Norfolk Southern and DrayNow will further develop technology for intermodal that provides real-time information on first- and last-mile movements.

The Shipper of Choice nomination said Owens Corning’s shipping team “is committed to keeping carriers long-term by providing and welcoming feedback to ensure a smooth operation across the board.” 

Tyson Foods has signed a three-year contract to use Gatik autonomous trucks to move its protein products on the middle mile.

Less-than-truckload carrier XPO appears to have maintained the market share gains it acquired following Yellow’s closure in July.

RCG Logistics will immediately be integrated under the Acertus brand.

A more than $36 million verdict was issued against Werner over its failure to hire a deaf driver back in 2018.

Laid-off employees came from support departments including Human Resources, Information Technology (IT) and other ancillary support roles. IT roles affected by the event included business analysts, scrum masters, quality analysts, product managers, and project managers.

The Department of Labor is investigating Western Global Airlines’ founder for allegedly enriching himself at the expense of employees who bought equity in the company.

Workhorse Group stockholders approved a proposal to more than double the number of authorized shares, one of few paths to new capital.

Ree Automotive tested its Reecorner by-wire technology for months before getting precertification that moves it closer to production.

Convoy and OTR Solutions have issued a joint statement saying that the situation has been resolved.

Investors are looking for revenue quality and efficient growth.

UPS Inc. is offering pilots an early retirement package to reduce payroll amid declining package volumes. The integrated parcel and logistics giant confirmed Thursday it wants to trim senior pilots […]

U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days.

Rail, port and trucking interests want the Biden administration to ramp up oversight and coordination of the multi-billion dollar infrastructure law.

A key participant in Louisiana’s Operation Sideswipe was to be sentenced Thursday, but a new date sets up a sentencing doubleheader.

The U.S. is pressing Mexico to review a complaint by pilots at Mas that they were harassed over associations with a labor union.

During the NMFTA’s monthly webinar, Perygee’s CEO shares how properly tracking little data helps transportation companies leverage big data insights across their organization.

Trucking companies are fleeing the market and volumes are starting to rebound. This is good for the freight industry.

Major trucking lender BMO reported a deterioration in several credit measures in its third-quarter financial report.

SONAR has added three new data sets to our vast array of market data.

Small trucking companies are taking over the industry. Decades of global and domestic policies have made this happen.

Workhorse Group fell short in its first try to get shareholders to more than double the number of outstanding shares in the electric step van maker.

ArcBest said Monday that shipments from its primary less-than-truckload customers have increased 20% since June.

Ohio-based Republic Steel has been ordered to pay nearly $4.6 million to Pennsylvania-based Beemac Trucking and Deemac Services after a federal jury determined the steel mill breached its contract by failing to pay the companies millions of dollars in outstanding invoices.

Knight-Swift Transportation announced late Friday that its top two executives have taken a reduction in base pay amid other cost-cutting measures at the company.

Walmart has announced a partnership with Wing, the drone delivery arm of Google parent Alphabet, to deliver quick meals, groceries, household essentials, over-the-counter medicines and more to residents through the air.

The governor of California appears to favor supporting autonomous trucking technology over labor objections.

Technology can offer solutions to help last-mile shippers handle increasing volumes while reducing cost and improving the customer experience.

Third-party logistics provider GXO received two solid analyses this week from the debt and equity side of the ledger.

The freight market downturn has made profitability elusive.

Issues in the yard can threaten tight delivery windows just as much as issues on the road. Every inefficiency in the supply chain creates a domino effect, but so does every improvement.

Moving company WayForth is laying off hundreds and closing operations across eight states following a downturn in business.

A new app from Finloc 2000 allows carriers, drivers and, soon, freight brokers to book overnight truck parking, addressing an issue that plagues the U.S. trucking industry.

Just as scaling McDonald’s was more about real estate than hamburgers, electric truck charging is as much about land as it is about the grid.

Expedited delivery provider Priority Courier Experts received a strategic investment from private equity firm Trident.

Bulk hauler Trimac said Wednesday it acquired Doyle Sims & Sons Trucking.

The latest FreightWaves SONAR release gives users the ability to customize outputs based on rate per mile versus flat rates and to quickly retrieve 90-day moving averages for contract rates.

Ken’s Foods was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.

Large carriers finally started shedding capacity this summer.

DJI this week unveiled FlyCart 30, its first delivery drone. Here’s what you need to know.

Toronto Pearson airport plans to replace an office park with a cargo facility with funding from the Canadian government, which is also helping an Inuit-owned airline move more cargo.

“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.

H.I.G. Capital announced it has entered an agreement to acquire expedited air and ground logistics provider Ascent Global Logistics.

Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.

Tai has been working on email improvements utilizing AI and machine learning for over three years now. . Most recently, the company introduced a new email feature – helping brokers write emails.

Forward’s plan to acquire a large forwarder has stakeholders concerned.

A federal grand jury has indicted a former employee of a North Carolina-based trucking company, alleging she defrauded her employer of more than $900,000.

Werner has filed an appeal to Texas’ highest court of a verdict that now has a more than $100 million price tag.

Shippers are exploring new technologies to mitigate rising costs and hit sustainability goals, but to maximize results they need to have a rock-solid foundation of data and a streamlined dimensioning process.

It’s important to have access to full end-to-end visibility across all parts of the supply chain.

The air cargo sector was banking on a turnaround in market conditions by this fall, but it might have to wait until late next year unless demand unexpectedly revives.

Carey Mendes, a former oil executive leading’s Nikola’s pursuit of a hydrogen distribution network, has resigned.

A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals.

U.S. Postal Service contractor Matheson Flight Extenders (MFE), which operates 44 mail sorting and terminal handling services across the country, filed paperwork this week stating that it plans to cut more than 660 jobs at two of its facilities in Atlanta and in Brandywine, Maryland, by Oct. 15.

Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.

This month’s State of Freight webinar focused on robust volumes in July and rejection rates that aren’t budging.

Yellow Corp. told a judge Thursday that it has selected bankruptcy financing lenders and that Estes Express Lines has entered a $1.3 billion stalking horse bid for its terminals.

Veteran business leader Steve Girsky acknowledges challenges but points to Q4 as the culmination of fuel cell truck startup Nikola’s efforts.

Walmart posted revenue gains of 5.7% in its fiscal 2024 second quarter, paced by a 6.4% gain in U.S. same-store sales.

Lean Solutions Group’s workforce analytics services let an organization know if what it is doing is driving a better experience and greater efficiency for improved customer relationships and lower costs.

The supply chain must be nimble to adapt to changing consumer and economic demands.

Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?

The TruckParkingClub.com application now provides real-time reservable parking sites at 143 rest stops and 120 premium locations for overnight, multi-night and up to monthly stays.

Ditat is planning to roll out its new user interface, which will improve the overall appearance of its TMS, making it more mobile-friendly.

The current valley in airfreight demand hasn’t spooked Air Transport Services Group, which continues to invest in freighter aircraft for its leasing and airline businesses.

Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing.

Less-than-truckload carrier Saia sees freight surge in the first two weeks of August.

Five new indictments have been handed down by the U.S. attorney in the New Orleans-area scam to stage collisions with trucks and collect insurance dollars.

Werner Enterprises’ CEO said Tuesday that the worst of the cycle is in the rearview and that he will remember which shippers stood by the company during the recent freight recession.

More than 200 transportation and logistics companies have made the 2023 Inc. 5000 list of the fastest-growing privately held firms in the U.S.