Business

An overview of Day 1 of F3: Future of Freight Festival.

XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.

First-to-report Marten was solidly better than a year ago but with some signs of a slowdown from the second quarter.

Higher interest rates and a cautious macro outlook have curbed logistics warehouse growth but have hardly stomped it out.

An overview of F3: Future of Freight Festival and the key speakers.

Two key provisions in the Department of Labor’s proposed independent contractor rule could pose problems for transportation companies.

The federal government made SPAC-sponsored Nikola founder Trevor Milton an example of corporate greed. Will others follow?

This week: J.B. Hunt launches a scholarship program for employee dependents and grandchildren, Maersk’s rainbow container is enjoyed by employees in Cape Town, South Africa, and Schneider receives its 14th Ride of Pride truck.

Nikola founder Trevor Milton on Friday was found guilty of three counts of fraud and will be sentenced Jan. 27.

Delta Air Lines’ cargo division had a Goldilocks third quarter: not too cold and not too warm.

TruckWings, the aerodynamic invention of Daniel Burrows, has more value than just the half-billion miles of on-road experience.

The Trevor Milton fraud trial heads for jury deliberations Friday following invective-tinged final arguments.

Freight broker Transfix announced it has terminated plans to go public. Instead, it will seek private funding from current investors.

PayCargo won its trademark case against CargoSprint, which was hit with $11.6 million in damages.

Kenan Advantage Group (KAG) subsidiary KAG Logistics (KAGL) announced Wednesday the acquisition of Canadian 3PL Connectrans Logistics. Financial terms of the transaction were not provided. Based in the Toronto area, […]

Canadian carrier Bison Transport announced Wednesday it will be acquiring Pottle’s Transportation on Oct. 31. Financial terms of the transaction were not provided. Hermon, Maine-based Pottle’s operates a truckload fleet […]

Contract rates still face downward pressure, especially for live/live loads.

Since founding as Kargoo in 2018, Los Angeles-based Shappi has raised $3.2 million to digitize the process of getting goods from the United States into the hands of consumers in Latin America.

Driver recognition helps Shaw Industries maintain and build customer relationships.

Bay and Bay sells its tank transportation business to the largest food-grade hauler in the U.S.

TA Services announced that it has acquired California-based broker KPI Logistics.

FreightWaves and Revenova announce a partnership that will benefit mutual customers.

Labor negotiations and rail service issues dominated an otherwise quiet third quarter.

XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.

Cummins Inc. adds Minnesota to a growing list of global sites where it is manufacturing electrolyzers for green hydrogen.

NFI Industries acquires container drayage and warehousing provider MCO Transport.

A Cowen panel lends support to transitioning a trucking company to a brokerage company as a path to compliance with California’s AB5 independent contractor law.

Warehouses are turning loss to profits with CartonCloud’s WMS.

Supply chain startup Altana Technologies has completed a $100 million Series B raise.

Romeo Power founder Michael Patterson shares what happened at the startup battery maker as a cautionary tale for other SPAC-backed startups.

Woodlawn Partners leads the debt and equity co-investment with Monroe Capital.

Jake McPaul, who led Misfits Market’s logistics operation during the COVID-19 pandemic, will lead Warp’s new Fresh Freight division.

Radiant Logistics announced Wednesday it has acquired a strategic operating partner in Minnesota.

Radiant Logistics will restate financial results for 2021 and the first three quarters of 2022, according to a filing with the Securities and Exchange Commission.

The outlook for truckload demand is flat to down and more capacity continues to enter the market, according to Uber Freight senior economist Mazen Danaf.

The founders of SaferWatch have joined forces again to launch Carrier Details, which aggregates federal carrier data for clients’ operational and sales use.

Mexico’s over-the-road freight market has a forecast CAGR of 9.91% through 2027.

Gatik has removed the safety driver from daily routes it is running for Loblaw Companies in Canada.

After years of collaboration, the Commercial Vehicle Safety Alliance has figured out how to inspect autonomous trucks for safe operation.

FedEx acquires 7.9 million shares at a cost of $1.5 billion.

Nikola founder Trevor Milton’s fraud trial was delayed until Oct. 11 because a defense attorney tested positive for COVID-19.

Small fleets make up 90% of the nation’s carriers. Waymo Via and C.H. Robinson used beer runs to familiarize them with autonomous trucking.

Werner Enterprises announced its third acquisition since last summer on Monday, adding Baylor Trucking to its one-way operation at an undisclosed price.

California’s legal victory allowing it to impose workplace rules on flight attendants has some cargo airlines worried about states regulating their operations.

The federal agency that enforces laws against workplace discrimination has sued a New York-based trucking company for not hiring females.

Prosecutors rested their federal fraud case against Nikola founder Trevor Milton on Friday after three weeks.

Flatbed carrier Daseke said Friday it would repurchase $40 million in stock, following an April request from an activist investor to do so.

McClellan Trucking and Duran Transfer, which contract with the U.S. Postal Service to haul mail, have filed for Chapter 11 bankruptcy.

Daimler Truck CEO Martin Daum has strong opinions on cabovers versus conventional trucks, fuel cells and other issues.

The Federal Trade Commission plans on getting involved in questions of independent contractor status.

“There is a lot of innovation coming out of these new therapies, and our customers were afraid they had created the best medicine in the world but could not deliver it,” said Tive’s Alex Guillen.

Kodiak Robotics and Werner Enterprises completed a 152-hour autonomous freight trucking pilot between Dallas and Lake City, Florida.

Logistics real estate operator Prologis said Wednesday that its planned acquisition of Duke Realty has received shareholder approval.

DHL Express is the first customer for Eviation Aircraft’s electric aircraft, which made its first flight on Tuesday.

Patriot Rail Company announced it is acquiring fellow short-line operator Delta Southern Railroad.

“Using the TruckCoinSwap mobile and web apps — and TCS Token — transportation companies can now receive free invoice settlement and get paid sooner. TCS is helping to write a new chapter in blockchain and Web3,” says CTO Jake Centner.

CEO Doug Waggoner says Echo Global Logistics’ growth will exceed its plan for both gross revenue and profitability as the company continues to look for acquisitions.

Hurricane Ian could slash the flow of Florida products to companies and consumers in the United States and abroad.

“Their truck-first mentality is the right approach to win the highly fragmented road freight industry,” says a Founders Fund partner on its recent investment.

Bestpass’ Jason Walker says although it’s not the first priority of most fleets, tolls are something they must get under control in order to focus on the things they were actually hired to do.

Amid threats like Hurricane Ian, shippers should consider inventory positions, risk tolerance for specific commodities, transit times and associated costs.

“Movement is the future. It’s multidimensional, where each facet presents a unique perspective tailored to the user’s requirements,” says project44 CEO Jett McCandless.

Watco and Telegraph are collaborating in an effort to provide rail shippers with more information on where their railcars might be located on Watco’s network.

Netradyne’s Adam Kahn suggests the most effective way to train and retain drivers is to review their performance in full — both the good and the ugly.

BlackBerry isn’t in cellphones anymore, but its Radar division is in the middle of the market-share battle in asset tracking.

Algorithm-driven insights help fleets strategize their operations better when faced with rapidly changing weather conditions.

Supply chain disruptions and higher inventory costs have industry participants looking to stretch working capital more frequently.

Chapter 11 bankruptcy proceedings for trucking company Wyotrans have taken a rocky turn after two of its largest secured creditors claim they haven’t been paid in two months for leased or rented equipment being used to haul freight and that the carrier is behind on insurance premium payments.

Nikola CFO Kim Brady testified in Trevor Milton’s fraud trial that the founder’s statements “could be inaccurate or exaggerated.”

In a Q&A, supply chain industry executives provide their thoughts on the Securities and Exchange Commission’s proposed climate disclosure rules that could put retailer pressure on fleets to share emissions data.

Just a few days after the state of California tried to keep OOIDA out of the ongoing AB5 case, a judge has let the group in.

“Not only do we collect more data than other freight providers, we go one step further by distilling that data into interactive dashboards that surface anomalies shippers can act on to save time and money,” says Convoy’s Dorothy Li.

FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.

In the rising world of e-commerce, Open Pricer helps to expand e-commerce with dynamic pricing.

A federal judge has ruled that Rhode Island’s “RhodeWorks” toll system discriminates against trucks and is unconstitutional.

A majority of Arrive’s shipments are being automated at multiple touch points.

California is pushing back against the Owner-Operator Independent Drivers Association’s attempt to become an intervenor in the ongoing CTA lawsuit over AB5.

Nestle is a FreightWaves Shipper of Choice for 2022.

Moving manufacturing from abroad back to the U.S. could reduce emissions while improving supply chain resilience.

Neither an “intervention” nor changing social media passwords deterred Trevor Milton’s social media frenzy, Nikola’s CEO testifies .

R2’s LTL service is designed specifically to service small-medium-sized shippers – bringing well-rounded expertise in one platform that gives shippers the same advantages of a large shipper.

Associations have come together on supply chain issues in California to form the Goods Movement Alliance.

Nikola CEO Mark Russell testified in Trevor Milton’s fraud trial that Milton went on a publicity “blitz” to attract retail investors.

Daimler Truck is using exclusive battery chemistry to boost the range of its next long-haul electric truck beyond 300 miles.

This week: A Georgia driver fighting for more women in the industry receives a renovated cab from Transfix, and a safety nonprofit teaches pedestrians and drivers about the dangers of trespassing onto train tracks.

Logistics fintech platform Axle Payments announced Thursday a rebranding to Denim after disclosing it has finished its $126 million Series B funding round.

Former Celadon executives that are being sued by TA Dispatch have won a request to have the case moved to Delaware.

FedEx has pulled its guidance a week before releasing first-quarter results. The company reported a $572 million year-on-year decline in FedEx Express’ operating income as macro weakness and higher costs took a toll.

Western U.S. truckload carrier Super T Transport announced it has been sold to Austrian transportation and logistics provider Berger Logistik.

A federal appellate court has upheld the conviction of ex-Roadrunner Transportation Systems CFO Peter Armbruster for his role in a securities and accounting fraud scheme that cost shareholders $245 million.

USA Truck said Thursday it has been sold to German 3PL DB Schenker.

Billions in trade between the U.S. and Mexico could be affected by a railway strike that could begin Friday.

With a Friday deadline looming for some rail unions and management to make a deal, a shutdown is looking more and more possible.

Cass data shows freight volumes reached a more than four-year high in August. But linehaul rates slid for the third straight month.

Cameron Eastman, a software-as-a-service veteran, has joined supply chain digital ecosystem Transflo as its new CFO to lead its next stage of product development.

Just two years after acquiring Kuebix in a $200 million deal, Trimble announced it will entirely shut down the TMS provider by the end of 2025.

Less than 6% of all truckload shipments in the U.S. are currently being rejected.

FreightWaves’ FreightTech 100 looks to recognize some of the most highly innovative freight technology companies.

At IANA, the CEO of Parallel, the autonomous rail startup, describes the landscape he sees for the company’s product.

The MerQube FreightWaves Supply Chain Tech Index is introduced.