Convoy introduces faster quick pay service with low fee
“Inflation has spiked aggressively, you have rising fuel costs as well and we recognize that sometimes two days or longer may still be too long to wait,” says Convoy co-founder Grant Goodale.
“Inflation has spiked aggressively, you have rising fuel costs as well and we recognize that sometimes two days or longer may still be too long to wait,” says Convoy co-founder Grant Goodale.
Omar Singh details the shipper TMS integrations and partnerships that have taken Surge to end-to-end automation.
Truckload carrier U.S. Xpress announced staff cutbacks, capex reductions and reorganization of its operating units.
Two top officials from Universal Logistics used the occasion of a Wall Street conference to defend its AB5-related Southern California deal with the Teamsters union.
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
Kimberly-Clark was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.
A slowing eurozone may pull ocean container rates down further.
With day traders and sports bettors piling into SPACs, valuations of young companies became the stuff of fantasy.
As the freight cycle shifts to a lower gear, deal flow throughout the industry remains hot.
IMC Companies says its SmartStacks app increases driver productivity and eliminates unnecessary container lifts.
The Georgia Ports Authority says the Navis system “eliminates data silos, improves velocity across our terminals and enables us to more easily integrate with our customers to provide the data and insights they need.”
Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.
A Texas court has reversed a $7.4M gross negligence verdict against a trucking company and its driver.
Odyssey Logistics, a 3PL that specializes in metals and chemicals, had its debt rating upgraded by Moody’s.
While the focus is on Gatik’s self-driving technology, plenty of work goes on behind the scenes to secure state approvals for on-road operation.
The second FreightWaves Autonomous and Electric Vehicles Summit will feature leaders in autonomy and all things electrification.
Cathay Pacific Cargo, a bellwether for trade in Asia, says slowing consumer demand and Chinese exports point to a less busy peak shipping season.
Rusty Rush not only operates more truck dealerships than anyone on the planet, he also knows technology. And he has opinions on just about everything. So, buckle up. It’s Rush hour.
Ryder has bought the rest of Baton, a logistics software startup that already had received funding from Ryder Ventures.
Lineage Logistics announced the expansion of its European transportation and distribution network through acquisition Thursday.
A contract agreement between Universal Logistics and the Teamsters union will bring a group of Southern California drivers in compliance with AB5.
Shipping line Maersk has completed the $3.6 billion takeover of Asian retail distribution specialist LF Logistics.
Procter & Gamble was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.
Jacob Patterson, who worked at TQL for nearly 14 years, claims his lawsuit against the second-largest freight brokerage in the U.S. “demonstrates the extraordinary measures TQL will take to harm the career prospects of an employee who has the temerity to leave the company.”
Locomation has an eight-year agreement with Stevens Trucking to operate autonomous relay convoys on four interstate routes.
“FedEx is not just making an investment. They are also rightly identifying tracking and visibility as vital areas in the supply chain,” says Cambridge Capital’s Benjamin Gordon.
Flexport is taking a page from Amazon’s growth model. The logistics provider just hired its third executive from the Amazon tree.
Quarterly data from BMO, a major lender to the trucking industry, does not suggest significant financial pain among its clients.
Using the economic realities test, an appellate court backed a lower-court ruling that a group of drivers were independent contractors, not employees.
The injunction that has kept California’s AB5 independent contractor law at bay since the end of 2019 has been formally lifted.
RoadOne IntermodaLogistics announces its fourth acquisition in the past year.
Transportation insurance broker Reliance Partners announces a recapitalization with plans to reach $1 billion in written premiums in the next three years.
Nikola founder Trevor Milton bought 3 million shares of electric truck company stock weeks before his criminal trial is to start.
Everybody thought the legal wrangling over California’s AB5 was done, but a court hearing Monday says otherwise.
A bill that would make thefts of private-sector parcel deliveries a felony is the latest step in efforts to curb a growing problem.
Hyliion Holdings is buying generator technology from General Electric Co. that can make electricity from a variety of mixed fuels.
Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.
When it comes to drone delivery, some states are better prepared than others. Here are all of them ranked.
Uber Freight and others announced LightningPay last fall, and the product’s philosophy and practices were presented at a key industry conference in Atlanta.
A severe recession deserves some mindshare among scenarios that could play out in coming months, ACT Research economist Jim Meil says.
RoadOne IntermodaLogistics announced the acquisition of Oakland, California-based R&A Trucking.
The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.
PS Logistics has acquired transportation assets from Phoenix Leasing of Tennessee and its sister company Colonial Freight Systems.
Chattanooga, Tennessee-based U.S. Xpress is cutting another 5% of its corporate workforce in the trucking company’s second round of layoffs in three months.
Kodiak Robotics snagged a strategic investment and is developing an autonomous truck service project with Pilot Co.
Supply chain visibility company FourKites has introduced a big upgrade to its end-to-end platform.
He regards the technology as not just the next generation of business process tools after the TMS, but something more akin to the revolutionary jump from traditional phones to smartphones.
The startup will hit an $11 million annual run rate in September.
Cummins will integrate Gatik’s autonomous vehicle technology with its own drive-by-wire software for use on Isuzu Class 6 FTR box trucks using Cummins’ B6.7 engine.
Truckload carrier Heartland Express will take on another difficult turnaround in CFI, which it acquired from TFI International for $525 million.
OOIL reports record revenue but has “legitimate concerns about the impact of inflation and interest rate rises on consumer spending.”
A week after Apex Capital Corp., and its subsidiary, TCS Fuel, were targeted in a ransomware attack, Apex said Monday that it’s business as usual.
Oak Brook, Illinois-based Hub Group announced that it has acquired Tagg Logistics for $103 million in cash.
Heartland Express announced Monday the acquisition of CFI’s non-dedicated dry van and temperature-controlled fleet in the U.S. and its logistics operation in Mexico.
The worst may be over for low water levels on the Rhine, but the impact on the supply chain will take time to fully ease.
TuSimple told federal officials about the crash of one of its supervised autonomous trucks and temporarily grounded its fleet. But it neglected to inform its partner, Navistar.
CEO Craig Knight has been ousted as Hyzon Motors CEO as financial issues heightened the trucking fuel cell maker’s risk of Nasdaq delisting.
Flexport has tapped another Amazon veteran for its leadership ranks as the logistics company moves to the next level of growth.
Daimler Truck is exerting greater influence over independent subsidiary Torc Robotics by bringing in its own CEO.
FreightWaves interviewed an expert to learn more about what it will take to adapt supply chains to a circular economy.
After initially blaming an “unplanned system outage” for its computer networks being knocked offline since early Monday, Apex Capital Corp. and its subsidiary, TCS Fuel, confirmed late Tuesday that both companies’ systems were targeted in a malware attack.
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Hellmann Worldwide Logistics took another step in its drive for global expansion by buying out its partner in Peru.
Trucking fintech AtoB on Wednesday announced raising $155M in a Series B round.
Tyson Foods was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.
Love’s has killed plans to build a truck stop on Interstate 90 in Montana, with local opposition winning out despite government approval.
Walmart pulls back on its order activity to align its inventory levels with projected demand.
A report by S&P Ratings keeps Penske’s debt ratings at its current level, but the outlook is improved.
Netradyne’s Ryan Knight says fleets should identify their pain points before choosing a camera solution.
An annual ATRI survey reflects the weakening correlation between retail diesel prices and actual trucking fuel costs.
Supply chain shortfalls continue to hamper retailers; Peloton’s pivot; protecting peak season cargo; UPS contract talk heats up now on demand on WHAT THE TRUCK?!?
Walmart announced a new high-tech consolidation center in Pennsylvania, creating up to 1,000 jobs, will open soon.
A FreightWaves survey of carriers suggests most believe California’s AB5 independent contractor law will affect their business.
This week: University of Arkansas’ undergraduate integrated supply chain management program renamed in honor of J.B. Hunt; CFI wraps another truck for its “She Drives CFI” initiative; and Bendix helps build a new high school athletics facility in the new headquarters’ community.
How supply chain bullwhips will impact peak season; getting vets jobs in trucking; truck load market breakdown and more on WHAT THE TRUCK?!?
A new name in electric truck charging and infrastructure broke cover this week with $1 billion or more in private equity funding.
EV maker Arrival, which has a 10,000 van order from UPS, said it would only produce 20 vehicles this year, down from an estimated 400 to 600 just one quarter ago.
According to an email sent by FourKites founder and CEO Mathew Elenjickal and acquired by FreightWaves, the board of the Chicago-based company has requested a full “product portfolio review to align with market realities.”
DAT accuses Convoy of contract violations. Convoy calls DAT a “monopolist” looking to thwart competition at any cost.
Daimler Truck posted improved revenue and income in Q2 but expressed full-year concerns because of Russia’s war on Ukraine.
Yang Ming summed up its second quarter and the first half of 2022 in about 150 words.
Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.
Federal prosecutors on Wednesday dropped a fraud case against two former Celadon trucking company executives.
Fertilizer shippers push for transportation reforms to help products compete amid ongoing supply chain disruption.
Hyliion still depends on its hybrid electric booster for its revenue, but the orderbook expanded 11% for the Hypertruck ERX in Q2.
South Korean ocean carrier HMM expects “downward pressure” on demand growth in the second half of 2022.
Uber Freight shares their road map to autonomous trucking; what procurement says about the economy; freight story of the year so far on WTT
Mubadala Capital announces acquisition of Ontario-based Canada Cartage, one of the largest carriers in Canada.
Despite economic headwinds, the rail car manufacturing market will find support in the second half of 2022 amid tight rail car supply and improving rail service metrics, FreightCar America executives said on an earnings call.
Workhorse Group recorded next to no revenue in the second quarter as CEO Rich Dauch’s transformation hits the one-year mark.
An appellate court reversed a lower court decision and found that a one-time Schneider independent contractor was actually an employee.
Trucking compliance solutions company co-founder Hunter Yaw explains the “today costs” of compliance programs.
FreezPak Logistics and BG Capital are partnering to build $1 billion in new cold storage space in port-centric markets across the U.S.
Despite lower volumes in BNSF’s consumer, agricultural, industrial and coal segments, the railroad’s freight revenue rose to nearly $6.3 billion on higher revenues per carload.
On demand on WTT: it’s all about pain relief from trucker check calls, final mile planning, eating, and body discomfort
Improvements in rail service and “unparking” locomotives are market signals that could bode well for Wabtec in the back half of this year.
Hyzon Motors, which went public a year ago in a merger with a blank check shell company, is the latest electrification startup in trouble.
A court-appointed receiver is working to get hundreds of truckers’ accounts receivable paid nearly three weeks after a legal feud between brothers led to the abrupt shutdown of CoreFund Capital, a Texas-based factoring company.
XPO recorded several records in its second-quarter earnings as it prepares to turn over Brad Jacobs’ CEO seat to Mario Harik.
Logistics technology provider Slync.io announced Friday it has fired Chris Kirchner as CEO and removed him as chairman of the company’s board of directors.