Business

Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.

Short-term pain will lead to long-term gain for Norfolk Southern, the railway’s CEO said when asked about his company’s higher margins amid plans to continue improvements to rail service.

Consistent with its rivals, Traton sees orders slowing but strong deliveries across its brands including Navistar.

Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.

A company can “go through all your tests, due diligence, cyber resilience and everything, but if you don’t know what to do when something happens, then all bets are off,” IT exec Steve Hankel said during the Digital Solutions Conference.

NS’ third-quarter net income fell 50% amid a $163 million incident charge related to the East Palestine, Ohio, train derailment in February.

Old Dominion Freight Line reported better-than-expected third-quarter results as Yellow’s departure provided a tailwind.

Partnerships with other Class I railroads will help the freight rail industry gain market share, CN executives said during the Canadian railway’s third-quarter 2023 earnings call Tuesday.

President and COO Webb Estes reviews restored functions, praises customers that stuck around.

Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.

TFI’s overall third-quarter results reflect a weak macro environment.

Nikola Corp. has won $165 million in arbitration from convicted founder Trevor Milton, but it wants to recover attorney fees, too.

Edge continues to win new business on the back of a regional carrier strategy.

Companies are evaluating their warehouse footprint, assessing consolidation and not ruling out relocation, WarehouseQuote executive says.

Paccar Inc. posted record third-quarter net income and continued to build on a streak of beating analyst estimates.

While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.

Coming on the heels of the hack against LTL carrier Estes, an industry meeting maps out ways to battle cyberattacks.

The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events. 

Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.

Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.

Enabling information sharing between departments will help CSX not only cut costs but discover new business opportunities, COO Mike Cory said on the railway’s third-quarter earnings call.

Can Hyliion pivot to make stationary generators the base of its business as it decides whether to pursue the Hypertruck ERX?

Knight-Swift Transportation beat lowered third-quarter expectations Thursday and said the market appears close to a tipping point.

Triumph Financial’s earnings saw a tighter EBITDA loss at TriumphPay and a largely flat average invoice price in its transportation factoring business.

Eastern U.S. Class I railroad said its third-quarter net profit fell 24% amid lower operating revenues.

On his first earnings call as Union Pacific’s CEO, Jim Vena said his goal for the railway is to “win and be the best in the industry.”

American Airlines Cargo had a disappointing, but expected, third quarter. Management says new aircraft and operational enhancements should help attract customers as the market improves.

Transfix has closed a $40 million Series F funding round during “one of the most challenging markets in freight history,” company officials said.

Prospective acquirers are looking at Convoy’s platform and engineering and product teams.

Pam Transportation Services sees truckload fundamentals weaken further during the third quarter.

Austin, Texas-based Tank Payments, a trucking fintech company, has received Airbnb’s Economic Empowerment Award.

A third-generation family-owned trucking company and brokerage — Certified Freight Logistics, headquartered in Santa Maria, California — is ceasing operations on Saturday after 95 years, citing “falling freight rates and reduced volume.”

Lower revenues dented Union Pacific’s earnings for the third quarter of 2023.

Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.

Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data on container movements and a container’s financial streams can help ward off illicit trade.

Automaker Tesla’s plan to build a factory in Mexico could be delayed past 2025, CEO Elon Musk said Wednesday.

Industry could see more freight brokerage closures amid a changing financial climate.

Truckload carrier Marten saw its earnings fall from a year ago and detailed how much of that was caused by higher fuel prices. 

Volvo Group reported strong third-quarter results but reported slowing orders as trucking demand returns to normal.

FreightTech company Flock Freight’s chief revenue officer has departed after eight months. The company also is cutting positions on its social and creative teams.

Chemical distributor benefits from close relationships with its carrier partners.

Lingong Machinery Group is investing $5 billion to build a plant and industrial park in northern Mexico

J.B. Hunt’s overall financial performance in the third quarter was weak, but slight strengthening in intermodal volumes was celebrated.

United Airlines had a weak quarter for cargo revenue, but it’s on par with the rest of the industry.

Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.

Logistics warehouse owner Prologis on Tuesday noted some cracks in demand, which it attributed to interest-rate policy and geopolitical fears.

Anderson Economic Group says the auto industry is entering the “danger zone” as the United Auto Workers strike continues with economic losses reaching $7.7 billion.

Tuesday filings before a Delaware bankruptcy court are asking for the use of professional auction houses in the disposition of Yellow’s trucks and trailers.

The California Trucking Association has filed suit in federal court, seeking to block implementation of the California Advanced Clean Fleets rule.

Logistics warehouse landlord Prologis beat expectations for the third quarter on Tuesday.

Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.

Despite a tumultuous year, the Flock Freight team is optimistic about how its technology is advancing and the future needs of the industry when it comes to its mode offering.

The logistics industry is collaborative by nature, and project44 regularly embraces partnerships to create and improve data-driven solutions for their customers. Over the past few years, Google Cloud has become one of the company’s most impactful partners.

With over two decades of experience in logistics, Regan Daniels’ evolution is a story of adaptability and a pursuit of efficiency.

The proliferation of freight brokerages is giving truckers a lifeline.

The shaky U.S. economy occupied the No. 1 spot for motor carriers in the latest American Transportation Research Institute survey of top trucking issues revealed by ATRI President Rebecca Brewster.

Flexport has elevated a new management team after getting rid of CEO Dave Clark last month.

Logistics provider Flexport is moving ahead with a second round of layoffs this year.

California says, once again, that the state’s trucking sector is holding up under AB5.

The integration of Blue Yonder and Doddle is designed to strengthen end-to-end returns management services primarily in the U.S. market.

The International Trade Commission terminated a patent infringement claim by lidar maker Ouster against Chinese competitor Hesai.

Delta Air Lines cargo revenue fell by more than a third in the third quarter, reflecting weak market conditions.

“There is no good lane or bad lane or good deadhead or bad deadhead. There is only a focus on what is a good route for the driver to maximize their profitability,” says aifleet co-founder and CEO Marc El Khoury.

A 40-year-old Montana trucking company and freight brokerage has shuttered operations, leaving nearly 275 truck drivers and office personnel without jobs.

Owner-operators say Titan Transportation Services Inc., doing business as Sunset Logistics, still hasn’t refunded their $1,000 in escrow or maintenance account funds that were withheld from their paychecks after the Grand Rapids, Michigan-based company abruptly ceased operations on Sept. 29.

Uber Freight has rolled out new technology solutions for its TMS, procurement and use of generative AI.

“AI-powered insights help customers take informed action, like seeking alternative suppliers, tracing their raw materials, identifying potential geographic concentrations and targeting risky supplier networks,” says Altana Technologies’ Amy Morgan.

Most of the styling and design ideas from Volvo’s SuperTruck 2 freight efficiency exercise probably won’t ever see production, but some might.

Not everyone will agree with the results of project44’s on-time parcel-delivery performance survey, the survey’s leader says.

Jeremy Daily, a cybersecurity expert and presenter at an upcoming conference on the issue, discusses the Estes hack in a Q&A.

The incumbent TMS provider is unifying its carrier and shipper platforms to generate network effects.

Barge rates on the Mississippi stabilized in the past week and are still well below where they were a year ago.

About 90 truck drivers and office personnel who worked for Titan Transportation Services Inc., doing business as Sunset Logistics of Grand Rapids, Michigan, say they are owed their final paychecks and escrow after receiving a string of emails from company executives notifying them that the trucking company was closing its doors.

Even as a Wall Street bank counts up the possible losses at Estes, the LTL carrier tells customers things are looking up.

International freight forwarder Flexport is undertaking a second round of mass layoffs this year.

Can Outrider hold onto its healthy lead in distribution yard autonomy as competition begins to form?

Practically every retail chain in the U.S. has been sounding the alarms on external theft. It’s not as simple as it seems.

A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week.

Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.

Uber Freight Exchange is designed to unlock operational efficiencies and compress the time it takes to procure, eliminating the back-and-forth of traditional mini-bids by bringing the process onto one single tool.

The TJX Cos., headquartered in Framingham, Massachusetts, is a global leader in off-price apparel and home fashions, including its T.J. Maxx, Marshalls and HomeGoods stores, has been named a Shipper of Choice.

Battery-electric trucks and the infrastructure to charge them require joint development, a lesson fleets are learning from early adopters.

Radiant Logistics has acquired a Florida-based logistics partner that provides forwarding services to the cruise lines.

A new report from the Anderson Economic Group says the UAW strike against the Detroit Three resulted in $3.95 billion in losses in the first two weeks.

There’s been a major technology failure at Estes Express, but it’s unclear whether it is a cyberattack.

A new report is offering more details about what led investigators to file murder charges against a New Jersey truck driver after a woman was found dead on the floorboard of his tractor-trailer in Maryland.

The NMFTA’s Digital Solutions Conference on Cybersecurity attendees will hear from professionals on the leading edge of the cybersecurity industry, ranging from industry practitioners to representatives from government entities and thought leaders in academia.

The SSC’s newly released API technical standard is available on GitHub.

Startup Flipturn really was named for the swimming maneuver. Now it wants to make trucking electrification just as smooth.

Ditat TMS carriers and Blue Yonder shippers can enjoy the benefits of a contract model within a spot market-like scenario thanks to their recent integration.

A broker that hired a carrier whose truck struck a teenager is not liable, according to an Illinois appellate court.

While AI has the potential to prevent accidents, it can only deliver on its potential if it’s consistent and accurate.

FLS Transportation builds out a North American footprint with the acquisition of AMAC Logistics.

Hyzon Motors agreed to pay a $25 million fine to settle a Securities and Exchange Commission fraud case.

Loadsmart CEO Felipe Capella said there’s “massive value potential for the whole freight industry” by applying computer vision technology.

Seattle-based logistics provider Flexe has laid off a third of its workforce.

Zerobroker’s fundraising round saw participation from freight forwarder Flexport, FundersClub and Streamlined Ventures.

The Federal Trade Commission and 17 state attorneys general filed suit against Amazon.com on Tuesday, alleging the e-commerce giant used its monopoly power to “inflate prices, degrade quality and stifle innovation for consumers and businesses.”

FedEx partners with an AI-powered robotics firm to load FedEx Ground trailers.

The most widely used IRS rate for per diem payments will be held steady in 2023-24.