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.
Big numbers tied to electric infrastructure released this week reinforce the chicken-and-egg cliche about electric trucks.
Experts say Mexico has increasingly become a go-to production option as shippers seek to reduce supply chain risks with China.
Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.
Descartes said demand for supply chain visibility tools remains strong amid uncertainty in the broader economy.
The breakup with Navistar is a big deal for autonomous truck developer TuSimple, but its balance sheet could limit reputational damage.
“Whether a company is big or small, they all need to provide visibility to their customers. … If a company can’t provide delivery dates, process inventory efficiency and delivery on-time then the customers will go somewhere else,” said project44 founder and CEO Jett McCandless.
RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.
ContainerPort Group’s parent World Group announced the acquisition of distribution and trucking company Pacific Cascade.
“Now, stone yards across the country can get on our site, find a load of stone, get the shipping cost and book a truck in a matter of minutes,” said StoneLoads CEO Patrick Wells.
Einride has raised $500 million through a combination of equity and debt financing, giving it more funding to accelerate deployment of its autonomous and electric vehicles.
The American Transportation Research Institute finds that power needs for all-electric cars and trucks would be enormous.
The industry’s first autonomous trucking marriage between TuSimple and Navistar is the first to end in divorce.
A Teamsters local chapter in San Jose, California, that represents drivers at a Home Depot subsidiary has voted to decertify being represented by the union.
It is not exactly a fundraising round, but Kodiak Robotics is generating $49.9 million in autonomous work for the U.S. Army
Less-than-truckload tonnage declined at an accelerated pace through November.
“Scheduling appointments at facilities is one of the most common activities in trucking, but it is also one of the most fragmented and offline,” said Dan Lewis, co-founder and CEO of Convoy.
This week: J.B. Hunt donates money and supplies to over 55 classrooms across the U.S. Drivers for Mack Trucks take to social media with animal selfies for a good cause and Love’s donates to a child advocacy group that helps foster care children.
As digital freight technology becomes more mainstream, carriers aren’t quite ready to lose the human element entirely.
After months of quiet, the U.S. Attorney for Eastern Louisiana extracted two more guilty pleas in the Louisiana staged accident scam.
The approach of Cummins Inc. to hydrogen-fueled internal combustion engines is very different from how and when it talks about most of its products.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
The BMO transportation group’s quarterly results represent a key indicator of trucking industry economic health, but there has been no significant downturn yet.
Rail and truck TMS plans to add ocean and barge.
The owner of a pair of trucking companies got 10 years in federal prison for lots of things, including a welding explosion that killed a worker.
Cummins Inc. closed the $197 million purchase of Siemens’ Commercial Vehicles business, a deal originally struck by Meritor.
OneRail plans to scale sales, marketing and data science.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
AWS Supply Chain has launched an application to unify supply chain data from multiple systems and vendors.
3PL company Neovia has a new capital structure, but S&P Global Ratings still views it as having a large hill to climb.
With Ditat, carriers do not need to have their own experts on staff or hire a third-party developer to set up an EDI connection. They just need to reach out to customer support, which will take it from there.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Bluejay Capital Partners has acquired Atlanta-based 3PL Best Warehousing and Transportation for an undisclosed amount.
OmnisTMS enhances its truckload pricing engine with high-frequency spot rates.
A North Carolina trucking company owner said he wanted to buy a used truck but is now in a long legal battle to get back cash confiscated by police who thought it was part of a drug deal.
Family-owned Mid Continent Trucking of Denison, Iowa, notified drivers and employees recently that after 24 years, the refrigerated carrier was ceasing operations two days after Thanksgiving because of worsening economic conditions and tumbling freight rates.
Netradyne’s Kristin Tedesco outlines the many ways fleets can engage with their drivers and show thanks this holiday season.
Upgrading your TMS will only be more difficult the longer you wait.
A former United Furniture Industries employee claims the furniture manufacturer, headquartered in Tupelo, Mississippi, violated federal law by failing to give 60 days’ notice of its abrupt shutdown to nearly 2,700 employees and truck drivers, who found themselves without jobs two days before Thanksgiving.
“The procurement of industrial products and spare parts is at a critical crossroads as the global supply chain is faced with unprecedented headwinds,” said Chris Lawrence, managing partner at Labyrinth Capital Partners.
Expeditors’ stock is too high priced, Wells Fargo says, as it cuts its rating to a level tantamount to “sell.”
Whirlpool was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.
Sapphire Ventures executive Demi Obayomi explains what trends the venture capital firm is seeing in the supply chain — and where technology can help.
Gmail accounts allegedly connected to FourKites made accusations of accounting fraud and organized crime to project44 board members and executives.
Former employees of United Furniture Industries say they were caught unaware overnight after receiving word they were not to report to work Tuesday because their jobs were being immediately terminated “due to unforeseen business circumstances.”
Surge Transportation’s Omar Singh explains why partnerships are still key in the platform’s digital model.
Hydrogen fuel cell truck maker Hyzon Motors faces Nasdaq deadlines after missing a financial filing for the second consecutive quarter.
Several high-profile commercial electric vehicle makers have faced recent struggles, but BrightDrop says it is on pace for $1 billion in revenue next year.
A theme emerges as you look around the electrification and autonomous trucking space. Practically no one does it alone.
IFS democratizes 3PL software for companies large and small.
Boardroom drama at TuSimple takes a new turn with the executive chairman holding 59% voting control of the company.
A GAO report recommends DOT better explain its grant-funding procedures so that applicants won’t overestimate how much money they must contribute to qualify for funding.
CEO Michael Colin details MVMNT’s delivery of enterprise-level technology downstream to smaller brokerages.
Don’t miss out on what Mexico has to offer. Go with the leading cross-border 3PL.
Management from one of the nation’s largest truck brokerages is ready to take on the industry alone.
Freon Logistics, a California-based trucking company, has filed for bankruptcy, and some employees protested recently to demand unpaid wages.
Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Arrive is building more intelligent technology, reaching new markets and getting creative to win freight.
Pilot Co. and Volvo Group move to keep public charging on pace with electric vehicle adoption as Prologis adds charging installations.
“We will continue our ecosystem expansion, powering even more flexibility in quoting and securing capacity as well as some tactical expansion into additional modes and methods of transportation,” said Greenscreens.ai CEO Dawn Salvucci-Favier.
A recent FreightWaves Research survey found strong consensus among carriers and brokers/3PLs that spot rates are still a few months from hitting bottom, but that they’ll start to climb again in the second half of 2023.
The latest round of funding for Attabotics supports the 3D robotics firm’s goal to revolutionize legacy fulfillment centers across the supply chain industry.
Flatbed trucking company Daseke announced Monday it is repurchasing the nearly 30% stake in the company held by its founder.
The Department of Labor is seeking comments on its proposed independent contractor rule, and the trucking world is stepping up.
“We strategically positioned our carriers six months ago for the freight they are hauling today,” said the company’s senior director of capacity, Ivan Momchilov.
How does nearly three years as a nuclear machinist’s mate in the U.S. Navy prepare someone to be CEO of Wabash?
If you’re not investing smartly in people and tech, you’re asking to be left behind.
PS Logistics said Thursday its fifth acquisition of the year will expand coverage in the Southeast.
Cheng Lu, ousted as CEO in an unannounced succession plan in March, is returning to autonomous truck developer TuSimple in his former role.
Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.
The U.S. Postal Service posted declines in package-delivery revenue and volume.
RoadSync and Fullbay have a deal that should assist in more rapid payments at repair shops.
A Michigan jury has awarded $7.7 million to a man who was seriously injured in 2018 when the wheel came loose from a box truck heading in the opposite direction, jumped the median and crashed into the front of his vehicle.
