Kodiak Robotics bought a Peterbilt Model 579EV to marry its autonomous system with electric propulsion. It is using the truck in testing.
Kodiak has taken big steps along its commercialization journey with new carrier partnerships and advancements in its self-driving trucking technology.
Arizona, Texas and other states aim to reconfigure the global supply chain for makers of electric vehicles, batteries and semiconductors.
DAT’s breach-of-contract claim against Convoy will also proceed.
Canadian trucking and logistics provider Mullen Group announced the acquisition of less-than-truckload and truckload carrier B. & R. Eckel’s Transport.
Truckload carrier Heartland Express missed first-quarter expectations.
Saia’s revenue trends in April are much better than its less-than-truckload peers.
Universal Logistics Holdings saw revenue declines in its trucking, brokerage and intermodal segments in the first quarter.
Sun Country is bucking the trend of express carriers flying fewer hours because of slow shipping volumes. Its Amazon fleet is busy as ever.
ArcBest on Friday stood by its strategy to take on lower-margin business.
Triumph Financial felt the soft freight market like everybody else, but its network of the future did show signs of improvement.
Just before California regulators vote on a Clean Fleets rule, Daimler Truck has launched the U.S.-focused Rizon brand of Class 4-5 EVs.
Trimac Transportation said Thursday it has completed the acquisition of AIP Logistics.
Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.
Amazon also issues higher second-quarter guidance.
Covenant’s biggest announcement in disclosing its first-quarter earnings is that it bought a large hauler of poultry-related freight.
Companies expecting a near-term demand recovery might be well served to read Visa’s Q1 earnings call transcript.
Quarter after quarter, Paccar Inc. points to parts sales as driving its revenue and profits. Rush Enterprises deserves some of the credit.
Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
Carriers will now be able to handle their fuel expenses on Uber Freight’s app with no annual fees, according to the freight marketplace.
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
U.S. Xpress, about to be sold to Knight-Swift, has settled 4-year old litigation regarding its initial public offering.
Gol Airlines in Brazil will have five all-cargo aircraft in its fleet by next month operating in a dedicated service for a large online retailer.
Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.
Tracking trailer inventory was always part of Outrider’s autonomous distribution yard plan. Now, it is happening.
Aurora Innovation and Continental AG are partnering to build the Aurora Driver autonomous hardware to scale for the U.S. in 2027
Trailer maker Wabash reaped the benefits of its reorganization and long-term customer deals in the first quarter.
C.H. Robinson had a weak first quarter, as expected, and a new CEO should be in place by the end of the quarter, according to management.
Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.
Norfolk Southern is adjusting how it configures trains in response to the February East Palestine, Ohio, derailment. That will help the company improve productivity later this year, officials said during the railroad’s first-quarter 2023 earnings call Wednesday.
Like Volvo Group and Paccar Inc., which have already reported, Daimler Truck forecasts a stronger-than-expected first-quarter earnings report.
Link Logistics maintained high occupancy and rent growth in the first quarter.
TFI International reported first-quarter revenue declines in all four main operating segments.
Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.
“Trucking as a business is not about what you make, it’s about what you don’t spend,” industry expert Adam Wingfield said at FreightWaves’ Small Fleet & Owner-Operator Summit.
Uber Freight’s head of product shares simple ways to improve decision-making and reduce costs while improving customers’ shipping experiences.
Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.
In the latest bid to block the AB5 independent contractor law from implementation in California’s trucking sector, two key groups are quoting the author of the law.
A weak U.S. consumer and a continued Asian downturn weigh on UPS. The macro environment is expected to remain challenged, CEO Carol Tomé says.
Not to be outdone by CPKC, CN said it is partnering with Union Pacific and Grupo México to provide a new, cross-continent intermodal service that will seek more truck-to-rail conversions.
Paccar Inc. crushed Q1 revenue and profit estimates, a quarter dampened by a $446 million hit related to European price-fixing settlements.
“We could make carriers’ lives easier by giving them a single tool that they can use to make sure that they are not missing any hiring steps,” said LogRock co-founder and CEO Hunter Yaw.
The Q2 Freight Sentiment Indexes show carriers lower, brokers higher and shippers about the same despite ample pricing power.
U.S. box shipments are declining at their fastest rate since the worst of the Great Financial Crisis, with trends having deteriorated as the first quarter progressed, according to the third-largest North American containerboard producer.
Pam Transportation saw first-quarter earnings fall as the truckload market searches for a bottom.
The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.
Layoffs continue at the FreightTech unicorn, Flock Freight, as 45 employees were fired at a recent all-hands company meeting, four months after 60 workers were let go.
A company with just under a 5% holding in TravelCenters of America wants the board to speak with Arko, whose bid for the company has been rejected so far.
Shippers are in a strong market position. At TIA, they talked about what they want from the brokers who serve them.
“There have been companies that have introduced [dashcams] with great success and haven’t lost any drivers at all, and then there are other companies that have lost quite a few drivers because of it,” Reliance Partners’ Brian Runnels said.
“The Premier Partner Program expands our carrier family to include an even higher level of qualification of carriers that can meet the needs of participating shippers,” said president George Abernathy.
Service improvements at CSX come as headcount levels are at “a good number,” officials said during the company’s first-quarter 2022 earnings call.
The potential widening of broker liability in the Miller case against C.H. Robinson is creating fears among 3PLs, but attorneys see a potential reversal.
Localz offers a differentiated platform, logistics IT firm Descartes says.
Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.
Union Pacific’s earnings guidance for the year is based on the assumption that a recession won’t occur, officials said during the railroad’s first-quarter 2023 earnings call Thursday.
FreightWaves’ ‘State of Freight’ webinar suggests the freight market could remain flat for most of 2023.
Volvo Group reported record sales and deliveries in the first quarter, projecting a positive note as the first truck manufacturer to release financials.
A large European pulp and paper company issued a profit warning as “the whole packaging market is currently weakening.”
A case involving the theft of expensive freight may have led to a legal precedent benefiting brokerage liability.
In the most recent year of fully available data — 2020 — only 21 states improved the conditions of their roads and bridges, according to Reason Foundation.
Truckload carrier Marten had a first quarter in which it drove more miles than last year but made less money.
United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
Nikola Corp.’s hopes for a zero-emissions trucking future may be realized without the startup being part of it.
Logistics real estate operator Prologis believes headwinds facing the supply side will prop up occupancy and rents into 2024.
Warehouse operator Prologis reported first-quarter results in line with expectations Tuesday.
J.B. Hunt missed first-quarter expectations Monday as weak intermodal and trucking trends plagued the quarter.
J.B. Hunt Transport Services missed analyst expectations for the first quarter on Monday.
TA expects to be bought by BP next month, but spurned suitor Arko is continuing to hone its offer for the truck stop giant.
Predictive maintenance analytics for autonomous trucks could provide a reverse benefit for human-driven trucks.
A large European paperboard and pulp producer warns of deteriorating demand in another sign of intensifying global economic weakness.
Financially struggling Nikola Corp. wants shareholders to double the company’s authorized shares so it can pay its loans in stock.
Artificial intelligence, not magic, allows Merlin to operate small aircraft without a human pilot.
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
Driverless trucks have special needs that only humans can perform at terminals where they will drop and hook loads.
Many industries are enjoying high profits from historic inflation. The furniture industry isn’t one of them. Thank the supply chain crisis.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
Four former executives at Polar Air Cargo were indicted on charges of defrauding the company through an elaborate kickback scheme.
Food price inflation is outstripping Albertsons’ sales growth. It’s another challenge for the grocer that’s looking to merge with Kroger.
Volvo posted unexpectedly strong preliminary sales and earnings in Q1, reversing a dour projection made just months ago. (Photo: Volvo Group)
Lidar maker Ouster sued Chinese rival Hesai alleging patent infringement, a situation the company has experienced as a defendant.
Using the company’s platform, Repowr Connect, shippers, fleets and 3PLs can share their available assets with other network members, helping parties find on-demand capacity.
Companies that resemble an Expedia for airfreight are making their portals more accessible to logistics customers outside their home countries. Agents are watching for potential conflicts of interest.
ASL Aviation has several airlines that support express delivery companies and e-commerce retailers. It plans to serve them with drone delivery too.
Team drivers for Cromex Inc. of Villa Park, Illinois, say they were stranded for three days in a hotel room, more than 1,000 miles from home, after the owner failed to deliver on his promise to pay drivers and set them up in a new truck.
Truck safety advocates and labor are at odds with big business over a request to loosen regulations for driverless trucks.
Pilot is replacing its CEO and CFO, and TA says a key date has passed in its pending sale to BP.
“We are looking to empower these independent contractors and truly treat them as owners of their businesses,” Luke Denny, co-founder and CEO, told FreightWaves.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
Rail car manufacturer Greenbrier posted gains in its second fiscal quarter net income amid revenue increases for its manufacturing, maintenance and leasing business segments.
A Florida-based trucking company filed for Chapter 11 bankruptcy protection recently, owing truck drivers back wages.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
Kodiak Robotics was shooting for easier maintenance of its autonomous trucks but it made them appear more normal in the process.
The debt rating of Ryder, already in investment-grade territory, was upgraded by S&P Global Ratings this week.
“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.
DFI Systems’ president says soaring lumber prices, the costly decision to move the company’s headquarters during the COVID-19 pandemic and the inability to find new investors was the perfect storm that forced him to lay off 90 workers, including truck drivers, in late March.
Costco’s sales report for March is evidence that U.S. consumers are spending their money on essential items and not discretionary ones.
When John heard his trailer was missing, he was able to track the stolen property using his LandAirSea GPS and lead authorities to the thief. He saved the trailer, $300,000 worth of material and likely his reputation with his customer.
Walmart doubles down on omnichannel.
