Whether you’re a startup looking to gain an edge or an established firm trying to ride the waves, you’ll find data here to help you make informed decisions.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
Cummins used the occasion of a visit from President Biden to announce more than $1 billion of investment in its plants.
It has been a year since I wrote “Why I believe a freight recession is imminent.”
Trimble’s U.S. strengths have been combined with Transporeon’s overseas presence through a $1.98 billion acquisition.
Aurora Innovation says being “feature complete” on its autonomous truck software puts it on target for driverless runs in 2024.
TravelCenters of America has again rejected a takeover bid by convenience store operator Arko and plans to sell itself to BP.
Interstate Health’s CEO explains how addressing the needs of both truckers and travelers can make a highway care network work.
TuSimple plans driverless trucking on a commercial basis in Arizona next year – without a manufacturing partner.
“Our growth and potential were being hindered by manual processes and limited visibility into workflows,” US Cargo Brokers founder Adam Konopko said. “After adopting Ditat’s TMS, US Cargo experienced a complete transformation.”
Nikola Corp. wants to raise $100 million through a public stock offering. Dilution-fearing investors drove shares to an all-time low.
The suit by the California Trucking Association and OOIDA against California’s AB5 independent contractor law will add an argument that succeeded elsewhere.
Settling multiple distractions surrounding TuSimple was Cheng Lu’s priority when he returned as CEO in November.
In the latest back-and-forth between Arko and TA, Arko cites a specific financing amount it can obtain, arguing its bid to acquire the truck stop operator is superior to BP’s.
It’s been three months since TuSimple fired a quarter of its workforce. Three of those who survived the cuts talked with FreightWaves.
The California Air Resources Board is welcoming comments on its proposed Advanced Clean Fleet rule, which would move up the ZEV mandate from 2040 to 2036.
Rail car manufacturer FreightCar America is eyeing opportunities to manufacture tank cars that would carry nonflammable materials should its competitors be busy manufacturing DOT-117 tank cars.
Federal guidance from 2019 suggested driverless trucks could skip electronic logging devices. Will that hold up?
Even with multiple investigations to close, TuSimple has three years worth of money to run its autonomous trucking business.
TravelCenters of America has again rejected a bid by convenience store operator Arko, which revealed itself as the late bidder competing with BP.
“[Navix] understands their customers’ problems, the value proposition and how to apply the technology to solve them,” said Rob Estes, chairman and CEO of Estes Express Lines.
Radiant Logistics said Monday it has completed a financial restatement process that resulted in very minor changes.
Convenience store chain Arko has been identified as the previously unknown bidder for TravelCenters of America.
Echo Global Logistics has held true to the same goal since its inception almost 20 years ago: Make transportation management simpler.
A Miami-based trucking company and freight brokerage, which also owns a CDL training school, filed for Chapter 11 bankruptcy protection.
Consumers are buying food instead of “stuff.”
Transportation secretary takes on lawmakers’ concerns on truck and rail issues while defending his department’s $145 billion fiscal year 2024 budget request.
Directors of TravelCenters are recommending that shareholders reject a new acquisition bid made by an unidentified company.
Temperature-controlled warehouse operator RLS Logistics has planted a flag in the Midwest.
Some 455 truck drivers who worked under the banner of Flagship Transport haven’t heard from their employer in a week.
Union Pacific is the latest railroad to set an agreement with several unions granting workers paid sick days.
Newtrul has built a marketplace focused on integrity, compliance and credibility.
Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.
“We have been here over a decade and have deployed thousands of systems using this technology. We are bringing this level of experience with robotics that is just unmatched in this market,” said Mujin Director of Sales Josh Cloer.
DSV is rapidly building up its logistics infrastructure in Arizona, an emerging market for semiconductors and electric vehicles.
The deal to sell itself to Knight-Swift ends a struggle at U.S. Xpress that lasted several years and included the failed Variant initiative.
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.
