Business

White House economic adviser Brian Deese points to supply chain improvements while new pressures loom overseas.

As valuations of SPAC-backed startups plummet, one autonomous trucking developer that avoided the FOMO and stayed private is thriving.

“Terminal49’s automation has saved us thousands of dollars a year, but more importantly it’s helped improve customer trust,” said Trade XCelerators’ Spencer Strader.

United Airlines saw cargo revenue dip but exceeded financial expectations in the fourth quarter.

Prologis says warehouse rents will step higher again in 2023.

BoxC’s data-sharing initiative with the FDA showcases the growing need for government regulators to work with supply chains to fix operational inefficiencies.

Colorado startup Outrider, which transforms distribution yards into automated operations, has raised $73 million in a Series C round.

Management from J.B. Hunt sees the potential for a rebound in freight markets by the back half of 2023.

Ryder System Inc. is set to lay off 801 employees after losing work at an Applied Materials semiconductor plant in Austin, Texas.

J.B. Hunt recorded a huge headline miss in the fourth quarter. However, excluding what may be a nonrecurring claims expense, the result was more subdued.

Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.

Truck-as-a-service startup Forum Mobility enters a $400 million joint venture to establish electric drayage truck charging sites.

The railroads must work with other supply chain stakeholders and even consider sharing infrastructure in order to maintain an integral role within the broader freight transportation network, experts said at the Transportation Research Board’s annual meeting.

Nikola will move battery pack manufacturing to Arizona and files layoffs notice for a former Romeo Power plant.

The California Trucking Association is making its pitch for another injunction to keep AB5 out of the state’s trucking sector.

Nearly 1,400 delivery drivers will split $5.6 million following an eight-year investigation by the U.S. Department of Labor, which found that Parts Authority Arizona LLC and Diligent Delivery Systems misclassified its employee drivers as independent contractors.

Delta Air Lines carried more than $1 billion in cargo below passengers’ feet last year, setting a company record.

It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming.

Supply chain financing is a major way that corporate behemoths keep cash flow humming. This tool is about to get its moment in the spotlight. 

Influential logistics provider Flexport says it will reduce its staff by 20% in the face of a looming global recession.

Wabash has signed a multiyear trailer supply agreement with J.B. Hunt, making good on its plan to smooth out equipment ordering.

A first-ever strategy aimed specifically at decarbonizing transportation encourages maritime and rail over highway freight.

E2open, a publicly traded supply chain software provider, reveals earnings that provide a look into the state of the industry.

Already serving nearly seven years in federal prison for embezzling more than $700,000 from the trucking company where she worked, a Missouri bookkeeper was sentenced to two more years for committing Paycheck Protection Program loan fraud.

Morgan Stanley said trucking fundamentals could be “bottoming” in a Monday note to clients while Susquehanna called it quits on several stocks.

Reducing costs and shifting supply chain conditions were among the reasons why rail car manufacturer Greenbrier is ceasing production at its longtime Portland, Oregon, facility.

This week: J.B. Hunt is inducted into the philanthropic society of a Texas cancer center, NFI helps Girl Scouts earn their Transportation Badge and Werner continues to wear red to support a military nonprofit.

AskWaves looks at how recent changes requiring disclosure of supply chain finance programs could impact shippers.

Amanda May, 36, of Whitesville, Kentucky, has filed a motion to intervene in the wrongful death lawsuit filed by her mother’s partner, Spangle The Clown, against Lala Trucking Inc. and one of its drivers.

Autonomous trucking language can be a little off-putting to the uninitiated. One exception may be the term “feature complete.”

NOVA Infrastructure has announced it added another port drayage provider serving the Port of Charleston to its portfolio.

Flexport is hiring top tech talent to scale up its digital logistics platform.

E-commerce giant Amazon will lay off over 18,000 workers during its current round of job cuts, first reported in November.

Forward Air announced it will buy fellow expedited less-than-truckload provider Land Air Express in a $56.5 million transaction.

Microsoft Corp. is reportedly near an investment in Gatik, the middle-mile autonomous trucking startup.

Bestpass and Drivewyze have come together in a collaboration aimed at an expansion of using tolling data to aid drivers.

New details have emerged about United Furniture’s financial health and why its lender, Wells Fargo Bank, filed a petition on Friday to force the furniture company into Chapter 7 proceedings after its abrupt shutdown.

Supply chain visibility leaders provide insight on their decisions in 2022 and what’s in store for the FreightTech segment in 2023.

Deal flow slowed in 2022, but there were still a number of transactions that changed trucking’s landscape during the year.

2022 brought a recession in the trucking industry, but few large trucking companies declared bankruptcy.

For a series of convoluted reasons, a ratings agency has changed its outlook on flatbed operator Daseke.

Ryder rolls out warehouse automation that fits your profile.

Isometric Technologies offers the supply chain’s first logistics performance intelligence platform that ensures the reliability of third-party performance data.

In partnership with Parade, McLeod Software’s digital freight matching API equips brokers with best-in-class capacity management.

Freight forwarder MTM Logix recently received a private equity investment aimed at capitalizing on companies nearshoring to the Americas.

Robust marketplace offers more than connectivity for shippers and carriers.

As FetchGoat began to grow, co-founder and CEO Bill Hale had one strategic investor in mind.

TriumphPay’s Emily Meyers notes that it’s tougher for carriers to predict their cash flow and expenditures while facing such long payment cycles.

A $240,000 incentive from California plus other subsidies could bring parity between a Nikola fuel cell truck and a diesel rig.

California’s ABC test was a key reason why a decade-long misclassification case against Hub Group settled.

FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.

With so many truckers but so few parking spaces, TruckParkingClub.com has found a way to create more of the latter.

From a Netflix-worthy docudrama at TuSimple to dueling technology announcements, autonomous trucking took steps toward commercialization.

Triumph Financial’s shares are cut to a sell level at Wells Fargo on a still lengthy wait for a payoff at TriumphPay.

Cox Transportation announced Wednesday the acquisition of Outwest Express and its fleet of more than 400 tractors and 1,200 trailers.

TuSimple cut 25% of its workforce that grew too fast following the company’s public debut in 2021.

FedEx must convince stakeholders that it will stay the course on cost reductions.

Several airlines have tapped software interfaces to allow electronic bookings for their cargo capacity.

FedEx’s 2023 second-quarter results proved its ability to quickly slash costs but also showed the damage a demand slowdown is inflicting on its top line.

The spending bill to keep the federal government running through fiscal 2023 includes updated measures for trucking and maritime sectors.

Autonomous trucking startup TuSimple will be on the hook for $15 million in cash severance if it ousts CEO Cheng Lu a second time.

An appellate court that will determine whether the Prop 22 gig worker vote in California is constitutional recently heard arguments.

Lazer Logistics said Tuesday it has acquired the yard shuttling operations from Colorado-based Preferred Cartage Trucking Services.

Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.

Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.

Several trucking companies, logistics firms and cold storage facilities are collectively owed millions of dollars after an Iowa-based meat importer filed for Chapter 11 bankruptcy protection recently.

“To get the most out of your technology, you have to have the right processes. And to get the most out of your processes and technology, you have to have the right people.”

McLeod enhances its rate index calculator with high-frequency spot rate data.

Knight-Swift is the first carrier to put its own driver behind the wheel of a tractor embedded with autonomous software from Embark Trucks.

Autonomous trucking developer TuSimple appointed three independent directors to right its ship after a month of boardroom drama.

The German national railway is looking to sell off its DB Schenker logistics business if it can get a good price.

3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.

Uber Freight and Volvo Autonomous Solutions are stressing patience over hype in working to digitally schedule loads for the truckmaker’s one-stop shop for all things autonomy.

An Indiana trucking company owner claims his office manager of over 20 years — along with her husband — stole more than $600,000 from his affiliated companies over a five-year period.

Major auto hauler United Road saw its already-low debt rating affirmed, but the outlook was cut to negative as it continues to generate negative free cash flow.

A tax code throat punch promises to make gig work and online selling as fun as a trip to the morgue and as profitable as the average Mega Millions ticket.

An analysis of supply chain job postings has found that, despite interest in automation technology, many companies are not seeking candidates with technological experience.

Logistics M&A experts at a Benesch law firm conference don’t see any significant downturn in activity even as the freight market slows.

Appearing on Fuller Speed Ahead in, Venture 53’s Pat Martin says the supply chain is the most fragmented industry today and that we need AI to solve problems, not automation to replace workers.

Supply chain technology startups have “a level of staying power,” says Ironspring Ventures investor Natan Ruddy.

7LFreight is a Freightos company that gives freight forwarders the ability to compare less-than-truckload prices by lane and execute a move.

The Reshoring Institute’s Rosemary Coates discusses how companies are navigating supply chain risks by bringing manufacturing home.

Although retailers may be past the height of the COVID-19 pandemic, other headwinds persist, reminding storefronts the importance of having a resilient supply chain, according to National Retail Federation’s Jon Gold.

Jack Echeverria, senior manager of Wayfair’s global logistics arm, CastleGate Logistics, discusses how the online furniture retailer planned its peak season amid this year’s supply chain uncertainty and looks ahead to key factors that will affect market conditions in 2023.

Ryder’s Rob Pluta and Geotab’s Stephanie Voelker discuss how carriers and shippers can overcome technology fragmentation to create more efficient supply chains.

Trimble is acquiring German transportation management system provider Transporeon for $1.9 billion.

The Georgia Ports Authority last month handled 464,883 twenty-foot equivalent units, a decline of 6.2% from the 494,699 TEUs moved in November 2021.

Blockchain technology provider CargoX believes skeptics shouldn’t be bystanders in the creation of global shipping data standards.

7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.

As a seed-stage startup, Ali Javidan’s Range Energy doesn’t have much to show yet for his idea of electrifying trailers.

Coupa Software is being acquired by Thoma Bravo in a deal valued at $8 billion.

Fleet solutions provider Motive has laid off 6% of its workforce, citing slow demand and higher operating costs.

Stellantis has announced it will be closing a Jeep Cherokee assembly plant in Illinois in February, laying off 1,350 workers.

ArcBest announced CFO David Cobb will retire in October 2023.

Surge Transportation’s Omar Singh discusses shippers limiting broker partnerships for arbitrary reasons rather than their specific strengths and weaknesses.

Kevin Shaw, a Memphis, Tennessee-based truck company owner, and financial adviser Lisa Evans were indicted on charges of defrauding the federal Paycheck Protection Program.

With investor appetite shrinking, will FreightTech companies feel the pain in 2023? A recent survey shows mixed results.

Yellow is seeing large tonnage declines continue as the fourth quarter advances.

Parties in the still ongoing litigation surrounding AB5 and trucking have a new calendar that forecloses any new injunction until at least May.

UFI abruptly shuttered in November. Companies have been unable to retrieve their assets from the closed-up facilities.