Business

Freight brokerages see more frequent bid events as opportunities to take market share.

Guided by Emtec Digital, companies can expedite their digital transformation by implementing robotic process automation and intelligent automation, allowing for enhanced operational efficiency and productivity.

High utilization rates show a demand for rail cars, executives for FreightCar America said during a third-quarter 2022 earnings call Tuesday.

Mark Russell has been selling converted options in Nikola daily since mid-September, which is not a good look for a company CEO.

Jake Medwell of Austin, Texas-based 8VC and Loren Smith of Skyline Policy Risk Group discuss fuel prices, infrastructure and the possibility of a rail strike.

German shipping and logistics giant Deutsche Post DHL has raised its full-year profit guidance to a record of $8.38 billion.

Revenues and expenses were little changed from last year at Expeditors but profitability rose.

Forward Air said Monday it has entered into an agreement to acquire an intermodal drayage provider with locations in Mobile, Alabama, and Memphis, Tennessee.

Higher revenues in Q3 weren’t enough to offset a 30% increase in operational expenses for western U.S. rail carrier BNSF.

Ouster and Velodyne have seen their stock prices tumble this year, but can a merger between the two lead to a turnaround?

Werner Enterprises announced the acquisition of freight broker ReedTMS Logistics for $112.4 million. The deal also included a small dedicated carrier.

Cargo continued to dominate the passenger side at Korean Air during the third quarter.

As the new CEO at TrandeLens, Kim Spalding joins the ranks of the 19% of women in C-Suite positions in the supply chain industry.

Railcar manufacturers expressed five themes in recent earnings calls. Their consensus: There is still much to be upbeat about.

Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.

Fleet growth will be held steady as the truckload carrier pivots back to a more traditional model.

The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.

project44 has secured $80 million in funding to create a system to measure supply chain emissions globally.

Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.

The 2023 list saw a mix of award mainstays and brand-new names. Nos. 1 through 7 all claimed their fifth straight award — meaning they’ve found their way on the FreightTech 25 each year since 2018, when the series was founded.

Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.

Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.

DHL Supply Chain is placing bets on different emerging technologies to get a “green” fleet.

See how you stack up against your peers in minutes.

Rosemary Coates, executive director of the Reshoring Institute, offers insights into supply chain issues during a keynote address Thursday at the FreightWaves F3: Future of Freight Festival.

San Francisco-based Loop wants to simplify logistics payments through a fundamentally different approach to technology.

Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.

Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.

Trucking brokerage founder and CEO Brittany Traylor talks about creating a startup — with help from software management system Turvo.

Supply chain technology provider Trimble Inc.’s transportation revenue dropped 10% in the third quarter.

Einride will be building electric vehicle charging stations to support Maersk’s deployment of its E-truck, starting with a facility near the Port of Los Angeles.

Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.

The Coca-Cola Co., which sells everything from sodas to tea, coffee and more, is a 2022 FreightWaves Shipper of Choice award winner.

Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.

Forwarding income from operations was nearly cut in half and truckload prices to customers fell by double digits year over year.

Cargo revenues from Sun Country Airlines’ Amazon business were flat in the third quarter.

“We understand that the transition from Kuebix to MyCarrier may seem stressful for some of our shippers, but Estes, Trimble and MyCarrier are committed to simplifying the process,” said President and CEO Rob Estes.

Most politicians are clueless about supply chains, so it’s a shame when industry veteran Mike Erickson runs for Congress and pins inflation on ocean carriers.

TravelCenters of America Inc. announced Tuesday it topped $2.8 billion in revenue for the third quarter.

Embark Trucks is expanding into several key markets to create a coast-to-coast autonomous trucking network of transfer locations.

Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.

A leading expert on China’s economy says its formerly high growth rates aren’t coming back.

XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.

Lean Solutions Group, a logistics staffing company that recently passed the 10-year mark, has been investing in technology to keep the company’s growth on track.

ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.

A permanent replacement for TuSimple CEO Xiaodi Hou is expected soon as the company chairman and the ousted founder exchange barbs.

Uber Freight’s EBITDA was barely positive in the third quarter on a decline in revenue.

Truckload carriers prepare for the other side of the freight boom.

Logistics startup Newtrul has raised an additional $5 million to be the “Expedia” of freight booking.

Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.

The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.

XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.

TuSimple fired co-founder Xiaodi Hou as CEO and kicked him off the board amid federal probes into dealings with China.

The Wall Street Journal reports multiple federal probes of TuSimple’s China dealings after a watchdog set up oversight in February.

Uber Freight and Transplace are now fully consolidated, and its leaders are touting the benefits.

DOT should consider trucking and other supply chain costs in its push to expand off-site and inland container facilities, transportation executives caution.

Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.

Daimler Truck now thinks it will earn more money in 2022 because parts shortages are improving and its backlog-to-build schedule is shrinking.

Ruan announced the acquisition of Michigan-based regional carrier NTB on Friday.

In the first earnings call since its AB5-driven deal with the Teamsters, Universal CEO Tim Phillips speaks positively about its impact.

TFI posts strong third-quarter results and boosts its dividend by 30%. But much of the focus is on the work in progress at T-Force Freight.

Traton Group relied on Navistar to boost nine-month sales by 11% while a litany of industry issues pressured income.

Driver-facing cameras are seen as intrusive and an invasion of privacy in the truck-driving community. Yet fleets are rapidly adopting them.

Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.

Hub Group reported year-over-year increases in its intermodal, logistics and truck brokerage segments during the third quarter.

Amazon reported a third-quarter sales deceleration that it says will persist into the holidays.

Canadian Pacific is working to ensure that merging operations with Kansas City Southern goes smoothly, officials said during the railway’s third-quarter 2022 earnings call.

Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”

Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.

Faster train speeds and shorter dwell times will open up network capacity for NS, officials said during the company’s third-quarter 2022 earnings call.

Trans-Pacific trade is the foundation of American retail and industry. But souring U.S.-China relations threaten that.

Current and former employees of Total Quality Logistics say they are closely following a former colleague’s two legal actions involving the nation’s second-largest freight brokerage.

Used truck prices helped Ryder in comparison to last year, but the market is weak going forward.

Brokerages can go digital without losing the human element that makes them unique.

Kuehne+Nagel is the largest logistics company in the world. It sees opportunities to capture more business as shipping demand falls.

Trailer and final-mile equipment maker Wabash crushed third-quarter earnings estimates and built its backlog for a rainy day.

Campbell Soup Co. is taking sustainability seriously. The company has completed a risk assessment study looking at how much water resources Campbell and its partners use.

Most of the commentary from management teams is pessimistic about the macroeconomy.

Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.

CN expressed confidence it can handle any market downturns, pointing to areas such as grain and coal where demand strips away any potential macroeconomic softness, officials said during the railway’s third-quarter 2022 earnings call.

Powerfleet takes the high cost and complexity out of data integrations.

The maker of Kenworth, Peterbilt and DAF Trucks reported record Q3 net income on strong across-the-business performance.

UPS reported higher-than-expected earnings per share and reaffirmed its full-year targets.

TMS will be at the heart of this new tech-based transformation, offering robust tools to shippers reimagining operations — and, most importantly, to those that historically haven’t enjoyed access to the technology.

A pair of trade associations wants the government to provide up to $5 billion to support massive redevelopment for cargo activity.

“U.S. merchants and marketplaces will need to look for new customers, and this may be a great opportunity to market to and acquire customers from beyond their borders in Q4 and into 2023,” said BoxC’s new director of business development, Mark Waverek.

FreightWaves founder and CEO Craig Fuller provides insight into 2022’s peak season.

Grammer Logistics said Monday it has acquired Logistics Management Resources, a 3PL serving the chemicals and industrial gases industries.

Rallying employees to serve customers better will ultimately help CSX gain more business, the new president and CEO said during the company’s third-quarter earnings call Thursday.

Navarro Trucking Group, which pulled intermodal containers out of the ports of Los Angeles and Long Beach, has folded and filed for Chapter 7 bankruptcy.

Truckload carrier P.A.M. Transportation Services reported better-than-expected third-quarter results on Thursday after the market closed.

Data centers and electric charging infrastructure share an insatiable demand for power. Neha Palmer understands both.

GXO Logistics is planning to lay off 262 employees from two warehouse operations in the Dallas area by Dec. 10.

Supply chain chaos has helped increase the cost of a new car by 25%. The automotive industry won’t let go of those profits anytime soon.

Fourth-quarter 2022 Freight Sentiment Index (FSI) numbers show near-term pessimism for carriers but slight optimism for shippers, 3PLs and carriers in the longer term.

A former bookkeeper from Missouri admitted she devised a scheme to defraud the Paycheck Protection Program while awaiting sentencing in an unrelated embezzlement case involving a family-owned farm and trucking company.

UP is keeping a “growth mindset” as it looks to 2023 despite economic headwinds and an unresolved labor situation.

Covenant Logistics announces in its third-quarter earnings release that Paul Bunn will be president and COO in the latest management changes.

Flexport is an international logistics provider that also acts as a bank for customers that need more liquidity when sourcing goods from overseas.

Some numbers at the new network at TriumphPay were lower, but other key indicators were on the rise.