Navistar saw a big drop in orders, but deliveries of new International trucks helped parent Traton to strong second-quarter results.
Even truckload companies are being asked how a Yellow collapse might benefit them; Covenant had an answer on its second-quarter earnings call.
Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.
Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.
Revenue declines and a $416 million expense charge put pressure on Norfolk Southern’s second-quarter 2023 net profits.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
The Department of Transportation’s “supercharged” Freight Office will be tasked with overseeing and coordinating competitive grants and how they fit into a national freight strategy.
New sick leave agreements and other deals will increase Union Pacific’s labor costs. Investors on UP’s second-quarter 2023 earnings call wanted to know by how much.
The future of Waymo Via had been whispered about for months after parent Alphabet Inc. cut thousands of jobs across the company earlier this year.
A number of consumer-facing companies have pointed to intensifying spending weakness during Q2 earnings season.
Covenant Logistics’ second-quarter earnings reflected, as expected, a weaker truckload market.
Molson Coors strives for flexibility and readiness in its supply chain, which is why the Chicago-based company garnered a spot on FreightWaves’ annual list honoring shippers.
Ryder’s second-quarter performance was mixed, but it forecast a much stronger second half, sending the stock climbing.
Consumer demand is putting pressure on intermodal and lumber volumes and that is weighing on how CN views the back half of this year.
Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.
Former Union Pacific and CN executive Jim Vena will be UP’s next CEO, while sustainability and strategy EVP Beth Whited has been promoted to president.
Wabash reported record Q2 earnings because it was able to price its trailers and truck bodies higher than the cost of materials.
Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.
The waiver the EPA granted to California to allow its Clean Trucks rule to proceed has states lined up in court on either side of the issue.
The Canadian wildfires and lower volumes for intermodal and crude oil put pressure on Canadian railway CN’s revenue for the second quarter of 2023.
After experiencing record sales growth during the COVID-19 pandemic, digital freight brokerage Surge Transportation says it was forced to file for bankruptcy protection as it was unprepared for the abrupt decline in product demand and soaring shipping costs that rocked the transportation industry in April 2022.
PS Logistics said Tuesday it has acquired Jacksonville, Florida-based truckload carrier and broker Rinaudo Enterprises.
What’s behind Paccar’s stunning Q2 profits? Inflation is part of the answer. So is a burgeoning parts footprint.
Surge is the largest broker to restructure in recent memory.
Paccar continued a string of record quarterly performances in Q2, posting a 70% gain in profits and a 24% increase in sales.
Electrification isn’t possible without infrastructure to support it. Voltera is transforming the transportation industry by helping fleets access EV charging infrastructure.
Merchants can use FlowspaceAI for Freight, particularly its Network Optimization tool, to support a range of services, enhancing fulfillment operations and providing valuable insights for marketing and sales strategies.
For the first time since freight sentiment index inception, shippers are the least positive group. Does that mean the market is balancing?
Internet-connected devices commonly used in the trucking industry can pose security risks, providing hackers entry points to access sensitive information within your organization.
Los Angeles International Airport has partnered with former NBA superstar “Magic” Johnson and others on planning a wholesale redevelopment of its extensive cargo facilities.
The U.S. Chamber of Commerce is recommending a long list of fixes to the problem of large verdicts in truck accident litigation.
The 3rd-largest North American containerboard and box producer, Packaging Corp. of America, reported an eye-opening 10% box shipment decline.
Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Other charging infrastructure startups have more resources but WattEV has an early advantage in making charging available.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Seeking clues in TuSimple’s delayed financials; a case for an autonomous trucking slowdown; and Kodiak Robotics’ dual-use approach to autonomy.
TriumphPay dealt with the same weak conditions as other trucking-focused companies in the second quarter, but one key measure was stronger.
Figuring out how to encourage more shippers to switch from truck to rail is not something that can be done overnight, executives said during CSX’s second-quarter 2023 earnings call.
Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.
Volume and pricing gains for CSX’s merchandise segment weren’t enough to offset a decline in intermodal volumes and falling export coal benchmark prices, CSX said.
Capital markets that have been freezing out mobility startups may be thawing with Aurora Innovation raising $820 million in new funding.
Fluid Truck Renew helps commercial fleets lease out parked equipment and offers a simple way for new fleets to enter the market.
LTL contract rates and tender rejections in select markets will tell us if transportation networks can handle a sudden Yellow exit.
Pam Transportation Services reported a sharp decline in earnings during the second quarter.
American and United airlines enjoyed highly profitable second quarters, but their cargo businesses were a downer.
According to Terminal Industries, 92% of yards lack technology solutions to eliminate wasted capacity, drive down unforeseen costs and improve inventory operations, leading to $146 billion in excess transportation costs.
Kodiak Robotics and Drivewyze are working with Texas authorities to make it easier for autonomous trucks to bypass weigh stations.
With sequential comparisons as important as year on year, truckload carrier Marten held on in Q2 compared to Q1.
Two completely different approaches taken by two different circuit courts over broker liability could result in another trip to the Supreme Court on the issue.
Women In Trucking Association President and CEO Jennifer Hedrick explains how the average driver job has changed, removing barriers for women.
Torc Chief Strategy Officer Andrew Culhane chats with FreightWaves’ Thomas Wasson in this Enterprise Fleet Summit fireside chat about the strategies used to integrate new technologies.
Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.
Innovative FreightTech firms showed off their newest products during FreightWaves’ Enterprise Fleet Summit on Wednesday.
Startup Gage Zero thinks its expertise in negotiating renewable energy contracts will help fleets transition to electric mobility.
Trimble’s Jesse Chappell discusses how video AI in trucking is gaining momentum with enterprise fleets.
Volvo Group posted record second-quarter profits but accepted fewer orders and shed market share during the quarter.
The 7th Circuit on Tuesday ruled in favor of the freight brokerage industry regarding negligence claims.
J.B. Hunt Transport Services missed second-quarter expectations Tuesday and said it is still uncertain how peak season will play out.
A former third-party CDL skills tester in Idaho was recently sentenced to two years in prison for his role in a three-year bribery scheme.
Truckstop has acquired FreightFriend, an AI-powered carrier relationship management platform.
Logistics real estate giant Prologis beat second-quarter estimates Tuesday but lowered its rent growth forecast for 2023 as the market cools from peak activity.
“I think this acquisition sends the message to the market that we are here to add real value,” said Ship Angel founder Graham Parker.
Neither DAT nor Convoy would be able to refile lawsuits against each other that they have agreed to drop.
Odyssey Logistics got an increase in its outlook from Moody’s, a change from earlier ratings agency actions on 3PLs.
The hiring of John W. Dietrich as CFO is part of a broad finance revamp at FedEx.
A Georgia-based trucking company, which reported a significant drop in revenue this year compared with the previous two years, filed for bankruptcy liquidation on July 14.
Daimler Truck forecasts a sunny outlook for its business, especially in North America and Europe.
General Mills, Conagra and other branded packaged food companies continue to experience substantial volume declines, but the explanations differ by company.
Delta Air Lines has seen cargo revenue slide by more than a third in the past year.
Uber Freight has implemented layoffs in its legacy digital brokerage operations in the second round of cuts this year.
Autonomous mobile robots can help combat the warehouse worker shortage, experts say.
Office furnishings manufacturer HNI Corp. strives to be attentive to drivers’ needs, which is why the Iowa-based company garnered a spot on FreightWaves’ annual list honoring shippers.
Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to […]
Earnings at supply chain software provider E2open were a mixed bag, better than a year ago but weaker sequentially.
Tive’s technology advancements allow customers to see blind spots in air and ocean cargo.
Redwood’s CEO says the acquisition of Rockfarm strengthens its “modern 4PL” capabilities.
Obtained documentation shows Transfix is looking to raise funds at a $376 million valuation.
In its first meeting with analysts since going solo, Daimler Truck projected revenue growth of 40%-60% in the second half of the decade.
Even as it pivots from the U.S. market for autonomous trucks, TuSimple still faces threat of Nasdaq delisting over late reports
A major air cargo terminal in Hong Kong is deploying robots to monitor security and damaged shipments.
Nominate freight industry disruptors for FreightWaves’ annual 2024 FreightTech awards before Friday, Sept. 1.
Nikola is still short of votes to double its outstanding shares, but Delaware’s governor can give the company what shareholders have not.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.
The Swiss company’s precision dropping system autonomously releases cargo from a few feet in the air when the drone has reached its destination.
Western Global Airlines has hit hard times, losing Amazon as a primary customer, piling up debt and facing at least two lawsuits.
A former driver for Ameritrans Express, a contract delivery company that hauls mail for the U.S. Postal Service, says he and other workers wonder whether they will be paid after the company filed for bankruptcy protection.
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
The Greenbrier Companies sees “steady production” as the rail equipment manufacturer prepares to close out its 2023 fiscal year.
The Occupational Safety and Health Administration says non-vessel operating common carrier W8 Shipping exposed workers to deadly safety hazards at one of its auto export facilities.
Knight-Swift has closed on the more than $800 million acquisition of U.S. Xpress.
Heavy usage of financing tools among S&P 500 companies is boosting free cash flow but comes with significant risks to investors and the economy.
Research and development initiatives in the freight rail industry should turn their focus on integrating systems that are typically siloed in railroad operations, sources tell FreightWaves.
Ongoing retailer destocking/inventory reductions and the shift to cheaper private-label brands are posing problems for branded packaged food companies.
Private equity giant The Carlyle Group is no longer the owner of car hauler United Road as a debt restructuring has led to new equity.
Ameritrans Express LLC, a contract delivery service for the U.S. Postal Service, has filed for Chapter 11 bankruptcy amid claims by some of its contractors that they have not been paid since March.
“People that are integrating with AI will be able to significantly save money and move ahead of others that are not looking at AI as a promising tool for the industry,” Ezlogz CEO CJ Karman said.
3PL RXO has had its outlook dropped to stable by S&P, but its debt rating held steady.
