Sticking to earlier forecasts, RXO’s chief strategy officer sees the 3PL’s market share growing and increased volume year on year.
Digital freight marketplace NEXT Trucking is on the prowl for either additional capital or an exit.
PalletTrader’s founder discusses the success of the newest online pallet marketplace that is changing the way pallets are bought and sold.
Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.
Northeast LTL carrier A. Duie Pyle has been growing but is hewing primarily to its existing geographic base.
As the transportation industry continues to adopt more vehicle and internal technologies considered hackable, the importance of penetration testing takes center stage.
Class 5 electric trucks have a broad customer base and a lot of manufacturers chasing the space where regulation comes soon.
Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.
Like many FreightTech companies that have laid off workers in recent months, CloudTrucks blames the declining freight market for the job cuts.
RIST Transport acquired less-than-truckload peer AMA Transportation in a deal that creates a major regional player in the Northeast, according to an industry insider.
Ikea announced it has acquired cloud-based supply chain and warehouse management software provider Made4net.
Freight Ninja is positioning itself as an industry leader in combating the truck parking shortage across the United States.
Supply chain visibility provider Descartes beat first-quarter estimates, and management said they are optimistic about recent trends.
The California State Assembly voted 54-3 to ban autonomous trucks without safety drivers from the state’s roadways.
Alterna Equity Partners announced Wednesday the acquisition of waste and industrial materials carriers Attaway Hauling and Choice Bulk Carriers.
Worldwide Express is the latest and biggest customer of the integrated payments and audit network established by TriumphPay.
Peace Equipment LLC, a company headquartered in Edcouch, Texas, has filed for Chapter 11 bankruptcy protection due to rising operating costs and reduced income in the trucking industry.
School buses qualify for a lot of incentives to go electric, but are the vouchers and grants enough to make a difference?
The two largest home improvement retailers cut their full-year sales guidance in Q1, a rarity; many other retailers also pointed to intensifying pressure on Americans’ ability to spend money as the year has progressed.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
Since leaving Total Quality Logistics in April 2021, ex-broker Jacob Patterson has been embroiled in a legal battle with the Cincinnati-based freight brokerage over claims that he has violated his noncompete agreement twice in the past two years.
Embark Technology, an early leader in autonomous trucking software development, becomes part of Applied Intuition in a $71 million deal.
Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.
Freightos, an online reservation portal for freight shippers, is adding users, but heavy development costs and a weak shipping market make it difficult for the startup to reduce losses.
Gains in industrial real estate markets were reported in eastern and central Pennsylvania as well as greater Philadelphia.
The quarterly earnings report of major truck lender BMO finally reflected the deterioration in the trucking market.
Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.
More signs are surfacing that the second half of the year won’t be a panacea to the international freight recession. Seko Logistics says there won’t be a surge in orders that fuels transportation spending.
Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.
“We want [global shipping] to be self-explanatory, easy to navigate and easy for you to find the answer you are looking for,” says Maja Bernstein, vice president of industry relations at Fluent Cargo.
Trimac Transportation completes the acquisition of propane and butane carrier Transport Sylvain Lasalle.
Convoy’s co-founder and CEO suggests that FreightTech offerings have paved the way to disrupt fragmentation with a new model of shipping: the hybrid carrier model.
A 5-year-old judgment against Werner has been upheld on appeal by a Texas court, with the amount now standing at more than $100 million.
Transportation and logistics conglomerate R&R Express announced its second deal of the year on Monday.
The outsourced logistics arm of FedEx is opening up the way it shares data on electronic bookings for air cargo with a major customer.
DHL Supply Chain and GXO Logistics are laying off at least 185 workers in Texas as a result of losing customers.
Reliance Partners’ CFO, Thomas Albrecht, warns about the underestimated impact of the ongoing bank crisis on the freight community. Discover how loan activity, interest rates, and funding for truckers and carriers may be affected.
Freight brokerage firm Coyote Logistics is laying off another round of workers as the freight market continues to slide.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Flexport has taken another step toward simplifying international freight transportation from manufacturing to e-commerce storefront.
FreightTech providers are examining disruptive global shipping modifications that would be detrimental without AI’s support.
An annual survey from Descartes shows how brokers and forwarders are adjusting to the downside of the cycle.
Autonomous trucking software developer TuSimple will cut 300 more jobs and keep China operations it had planned to spin off or sell.
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
Cummins wants its filtration business to stand alone, but the engine and power distribution company will keep at least 80.5%.
ChatGPT and other advanced AI tools are looking to find homes in supply chain software and in some cases already have.
Load board fraud hurts the American trucking industry and should be a top priority for everyone in the space.
“Ditat allows us to see the full picture immediately, and if detailed information is required we can pull the required reports and dissect it further,” Silver Trucking’s Behaija Dzananovic said.
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
If you’ve never heard of Phoenix-Mesa Gateway Airport, you’re not alone. But for DSV, a large logistics company, it could prove a diamond in the rough for air cargo purposes.
First-quarter financials were iffy and cash was tight, but Workhorse electric stepvan manufacturing made progress.
Trucking rates are now below 2019 levels, but operating costs are much higher. Demand for trucking is set to get even lower this year.
Intramotev will use the $200,000 grant to test and deploy three self-propelled rail cars in the Upper Peninsula of Michigan in late 2023.
Former Daimler Truck North America CEO Roger Nielsen will become chairman of Proterra Inc. (Photo: Daimler Truck North America)
Recovery from the recession in airfreight transportation looks like it will be drawn out over the next year — and very slight when it does happen.
Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure.
Nippon Express has signed a deal with Austria’s Cargo-Partner that expands its geographic reach and logistics service capabilities.
All airlines are experiencing lower cargo revenue, but Air Canada lagged most competitors during the first quarter for reasons both unique to the airline and common for the industry.
Once the flywheel that is electric trucks gets spinning, there will be no slowing it down. But as former college football coach Lee Corso is fond of saying on ESPN […]
Ratings agency Moody’s held J.B. Hunt’s debt rating steady, as the trucking company’s rating hasn’t changed since 2014.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
U.S. Xpress has laid off about 150 staffers and reported a hefty loss to the SEC.
The so-called Olson case over AB5 draws interest from well beyond California.
CPG companies are trying to lock in low freight rates in a cyclical trough.
Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.
U.S. box demand, which has experienced historic declines in the past two quarters, remains unusually weak in Q2 from all indications.
Four supply chain-focused firms have secured a combined $70 million in funding amid a sluggish investment market.
TravelCenters of America shareholders voted overwhelmingly in favor of the proposed sale to BP.
GXO, the world’s largest pure-play contract logistics provider, posted a record 12% year-over-year revenue gain.
EY Americas’ Sumit Dutta says there’s a realization among companies that a broken or inefficient supply chain is going to crimp growth.
Chattanooga, Tennessee-based Lipsey Logistics has confirmed that it was forced to cut a number of jobs as the result of a “constrained and declining freight market.”
Daseke pulled in its full-year 2023 outlook on Tuesday as the freight market has failed to yield normal springtime demand improvements.
E-commerce funding platform 8fig has raised $140 million to help online sellers expand their profitability and market reach.
Integrated business planning solutions “enable an organization to respond to changing demand while managing product flow to ensure high customer service,” says ArchLynk CEO Sekhar Puli.
Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain.
Higher expenses and lower carload volumes contributed to a year-over-year dip in BNSF’s net profits for the first quarter.
Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
The Advanced Clean Transportation Expo has grown so large that organizers kept a waiting list for exhibitors.
Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.
Airbus has delayed the entry into service of the firstA350 freighter until 2026.
Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.
Reduced North American rail traffic isn’t dampening the outlook for these rail equipment manufacturers and rail car lessors.
“Once shippers get up and running on GoodShip, they invite their carriers onto the platform. This creates a multiplayer experience where each party has access to modern analytics, creating a single source of truth,” says CEO Ryan Soskin.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.
Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.
Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.
Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
Tech solutions firm Trimble reported $154.9 million in first-quarter transportation revenue amid a softening freight market.
The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.
Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Supply chain software provider e2open gave a bleak outlook in its earnings. Its stock took a pounding in response.
U.S. truck engine maker Cummins on Tuesday reported first-quarter revenue of $8.5 billion, boosted by strong global demand for its products.
Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.
Packaging industry volumes remain historically weak in Q1, with destocking a recurring theme; when will it end?
Uber Freight, Convoy and J.B. Hunt formed the Scheduling Standards Consortium in December to standardize trade data and synthesize scheduling technology.
Uber Freight suffered along with the general freight market downturn and saw its first-quarter EBITDA sink yet again.
Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.
Electric truck maker Nikola will get 50 Hyla-branded hydrogen fueling stations in a five-year deal with infrastructure developer Voltera.
