App-based companies fighting AB5 in California got a second court win last week as a three-judge panel cited statements by AB5’s author in its ruling.
In a first-quarter earnings preview, Deutsche Bank analyst Amit Mehrotra said he expects an in-line type quarter but voiced some concerns.
“To get ahead of the curve on stringent climate disclosure requirements proposed by the SEC and [the ISSB], shippers need to transition from manual data gathering and estimations of their scope 3 carbon footprint to tools that efficiently and accurately provide emissions reports in real time,” said Convoy Corporate Sustainability Analyst Kiana van Waes.
The FedEx Ground unit flexed its muscles in the third quarter with strong operating income and cost-reduction prowess.
FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
Volume weakness persists at FedEx, but cost reductions are acting as strong offsets.
At March’s FreightWaves “State of Freight” webinar, a slightly positive key indicator is really the only bullish sign anybody can find in the market.
The investment firm Hestia is seeking major changes in Pitney Bowes’ global e-commerce strategy.
TuSimple co-founder Xiaodi Hou says his ouster was retaliation for failing to support a pay package for the rehired CEO whom he replaced.
R&R Express announced Wednesday it has acquired Denver-based carrier Load to Ride.
Gatik will move grocery loads autonomously from Kroger’s Dallas distribution center to its area grocery stores, starting with safety drivers.
Hyzon has some clouds on the near horizon, but at CERAWeek, its CEO detailed the growth the company hopes to achieve.
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
A three-judge panel has reversed a lower court ruling that California’s Proposition 22 was unconstitutional.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
Estes Forwarding Worldwide announced it has acquired trade show logistics provider Legacy Logistics.
Trucking company Rapid Response has been sold to its employees, investment banking firm ButcherJoseph announced Friday.
Daimler Truck completed its first year as a stand-alone company with financial results meeting its targets.
How confident is Kodiak Robotics of the safety of its autonomous system? How about cutting a sensor cable while the truck is running?
The automotive industry may stay leaner longer.
A Bloomberg report says Uber Freight may be a candidate for a spinoff or an IPO.
Weather has a significant impact on retailers, but most still rely on manual forecasting. Tomorrow.io’s advanced weather intelligence is changing the game.
German giant Deutsche Post DHL posted outsized gains in full-year operating income and said that performance will not repeat in 2023.
Ceva Logistics is purging 142 jobs at two of its facilities in Mt. Juliet, Tennessee, effective April 22.
Cummins Inc. is rebranding its New Power division to get more attention for its investments in zero-emissions technologies.
Plus One Robotics has raised $50 million to roboticize parcel handling in warehouses and distribution centers.
Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.
A North Carolina trucking company notified more than 200 employees on Tuesday it is ceasing operations.
Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
A former FedEx Ground contractor, accused of killing 7-year-old Athena Strand of Paradise, Texas, pleaded not guilty to capital murder and aggravated kidnapping charges on Monday during his arraignment hearing in Wise County, Texas.
Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
Transportation and logistics provider Sage Logistics Holdings said it has entered an agreement to acquire Byland Transportation.
ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.
“Our goal is to get empty containers out of the hands of those who do not need them and into the hands of those who do, and so far it’s working,” said Qualle founder and CEO Tyler Sellers.
What if the English trucker who made off with 200,000 Cadbury Creme Eggs was trying to spare innocent taste buds?
Without Lufthansa Cargo’s strong results last year, the Lufthansa Group of airlines would have lost money.
Embark Trucks, the original autonomous trucking company, may put itself up for sale or liquidate after laying off 70% of its employees.
The long-planned acquisition of a bigger stake in Pilot by Berkshire Hathaway has been completed, and new data is expected to emerge as a result.
Volvo Group’s CampX has ushered 50 startups through its accelerator. Now it is adding an incubator for early stage startups.
Less-than-truckload carrier Old Dominion sees volumes drop again in February but notes the worst of it may be behind them.
Global logistics provider Kuehne+Nagel wants to avoid bottlenecks at big cargo airports by sending freighters to Birmingham, Alabama.
Shipping lines like Hapag-Lloyd have suffered sharp rate falls from the peak, but they’re nowhere near financial distress.
In some rare good news for autonomous truck software developer TuSimple, the FMCSA closed a probe into a crash last April.
Kuehne + Nagel had a highly profitable year in 2022 despite macroeconomic headwinds, but results fell considerably in the fourth quarter along with transport demand.
Kraft Heinz will sell Lunchables in schools directly to kids. It’s an auspicious deal but not the best indicator for the nation’s health.
“With over thousands of carriers to choose from to move your freight, carrier scorecards are essential to making the right buying decision during an RFP bid event,” Emerge founder and CEO Andrew Leto said.
Less-than-truckload carrier Saia reported January and February tonnage declines that were in line with fourth-quarter declines when adjusting for weather.
Japanese air and ocean forwarder Yusen Logistics said it has increased its U.S. contract logistics offering with the acquisition of Taylored Services.
Supply chain software provider Descartes sees retailers refilling shelves as 2023 progresses.
Workhorse Group is still cleaning up the mistakes of its recent past but is expressing optimism on 2023 production plans.
Hyliion Holdings is teaming up with financially struggling Hyzon Motors to develop a hydrogen-powered fuel cell version of its hybrid truck.
Charter rates are far below the peak but higher than pre-COVID as liners continue to sign new container-ship leases.
ArcBest said Tuesday it has further simplified its business model by selling emergency roadside and maintenance services provider FleetNet America.
Quarterly figures for BMO, a major trucking lender, reveal some weakening of financial performance but not at a huge rate.
Crstl looks to take on the digitization of transactions and data sharing between brands and major retailers like Walmart and Target.
Agility is losing lucrative contracts to manage logistics parks in Kuwait after the government decided not to renew its agreement with the company.
Larger crude tankers are moving more U.S. exports on shorter voyages to Europe as long-haul volumes to China stagnate.
Federal prosecutors allege UPS workers took possession of the drug, and a third worker not employed by the company provided fraudulent mailing labels.
Despite an increase in revenues for BNSF, higher fuel costs contributed to a softer operating income for the fourth quarter of 2022.
Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.
Will new leadership be enough to save the FreightTech company?
Air Transport Services Group says its leasing business is insulating it from a market downturn that is impacting its cargo airlines.
The former safety manager of two California trucking companies was sentenced to three years of probation for his role in an illegal cargo tank repair conspiracy.
Autonomous truck convoy developer Locomation denied reports it is closing, but said it laid off most non-engineering employees.
Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.
What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus
Atlas Air took a profit cut in the fourth quarter, but comparisons with 2021 weren’t good because it was a record year financially.
“When you work in the automotive industry, there’s an inherent pressure and stress that comes with moving these shipments,” said Gregory Grimes, the owner and managing partner of West Central Motor Freight.
Radford University’s Zach Collier discusses the state of the semiconductor industry with FreightWaves’ Eric Kulisch after chip shortages roiled the global economy during the pandemic.
“We knew the port terminals, we understood their operations, but mostly we understood their systems and data. We thought we could be the bridge that wasn’t created before that could speak both parties’ languages and get containers in and out,” said BlueCargo co-founder and CEO Alexandra Griffon.
The annual OOIDA survey on driver compensation has findings on use of digital brokerages that don’t appear to line up, but definitions may be the issue.
Christina Hultsch, a partner in Benesch’s Healthcare Practice Group, addressed how generic pharmaceutical wholesalers fared during the COVID-19 pandemic compared to the big three manufacturers and discussed some of the difficulties of shifting drug manufacturing production back to the U.S. during Global Supply Chain Week on Wednesday.
HelloFresh executive Matt Cicinelli discusses how the pandemic shifted the company’s supply chain strategy during FreightWaves’ Global Supply Chain Week.
Fillogic CEO Bill Thayer chats middle mile and reverse logistics at FreightWaves’ Global Supply Chain Week.
Nikola customers will test Plus autonomy on the startup’s battery and fuel cell electric trucks this year and make it standard in 2024.
Supply chain veteran and patent holder Julian Van Erlach explains how FabFitFun continues to ship “more gross profit dollars per package.”
“The digitalization of trade documentation is in full swing worldwide, and companies need all the support and advice they can get to implement the optimum solutions into their everyday workflows,” said CargoX CEO Stefan Kukman.
New York Shipping Exchange head Gordon Downes talks about the ocean shipping market at FreightWaves’ Global Supply Chain Week.
TFI International said Tuesday it acquired asset-light intermodal provider Axsun.
Jackie Gonsalez, vice president at Crowley Logistics, discusses post-pandemic maritime trends with Thomas Wasson on Tuesday during Global Supply Chain Week.
Air Canada is investing heavily in its dedicated cargo operations at a time when freight rates are slumping.
Rosemary Coates of the Reshoring Institute discusses supply chain strategy during FreightWaves’ Global Supply Chain Week.
Expeditors suffered a significant decline in fourth-quarter earnings as the air and ocean freight markets dropped sharply.
When asked to select statements that applied to them, 35% of self-identified owner-operators checked, “If the market does not rebound materially by the end of 2023, I will leave the industry.”
Experts predict more nearshoring of manufacturing to Mexico in 2023, especially for supplies of components used in green technologies.
Inventory management is one pipe in the supply chain that can stoke the flames of inflation.
Lawmakers in Iowa and Florida are considering bills to curb nuclear verdicts against trucking companies.
BP is buying Travel Centers of America at a good price per outlet and stands to get environmental benefits that can be measured in dollars.
Seven people have been sentenced this month in the Louisiana truck collision scam.
How long will incentives drive the transition to electric trucks and help pay for the infrastructure that powers it? It’s going to be awhile.
The American Transportation Research Institute is again investigating the safety and other impacts on the trucking industry of state-level marijuana legalization — as well as additional questions the issue raises.
Austin, Texas-based Overhaul has acquired SensiGuard in a deal aimed at increasing the supply chain security firm’s global footprint.
TravelCenters of America is being bought by oil giant BP.
“The new model is flexible and brings together dedicated support teams highly trained on one or a few shippers’ needs and operating requirements,” said Convoy founder and CEO Dan Lewis.
