Business

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.

The parents of a woman killed last month after a trucker crashed into an overpass on Interstate 25 in Colorado have filed a wrongful death lawsuit against the towing company and the driver.

Opening statements in Trevor Milton’s fraud trial paint a picture of greed contrasted by tales of tweets and corporate betrayal.

“This new funding will help us accelerate development of our platform and add even more data sets to enrich our expert industry analyses to further drive transparency in the market,” says Xeneta co-founder and CEO Patrik Berglund.

Less-than-truckload carrier Yellow Corp. sees tonnage fall by mid-teen percentages in the first two months of the third quarter as it implements the first phase of its restructuring.

The MerQube FreightWaves Supply Chain Tech Index is introduced.

MyCarrier, a freight shipping platform for small and midsize shippers, has raised $22 million in a Series B funding round.

After a full day of questioning potential jurors, a panel was seated for Nikola founder Trevor Milton’s trial on federal fraud charges.

Less-than-truckload provider Forward Air continues to register notable revenue growth more than one year into freight swap.

Nikola founder Trevor Milton’s fraud trial begins Monday, Sept. 12, in the U.S. District Court for the Southern District of New York.

Mexico is discriminating against U.S. companies and homegrown startups through a monopoly in the country’s credit card payments industry.

Flatbed operator Daseke saw its debt rating upgraded by S&P Global Ratings.

Boa Logistics aims to “create heavier densities heading in the same direction, ultimately making a more efficient revolving supply chain for the carriers in our network.”

Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.

How is it that California, the world’s fifth-largest economy and the state most autonomous trucking startups call home, refuses to allow commercial testing of the technology?

More than a year after he was indicted on criminal fraud charges, Nikola founder Trevor Milton will go on trial Monday.

The airfreight sector remains chaotic, but a better-than-expected August is spurring optimism for solid results during the busy shipping season.

In a Q&A with FreightWaves, Shifl CEO Shabsie Levy says of current general rate increase global shipping practices: “It essentially incentivizes chaos and disruption but yet doesn’t play in anyone’s favor.”

More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.

In a Thursday conference call with analysts, U.S. Xpress CEO Eric Fuller turned his focus away from the Variant initiative and toward a return to basics for the truckload carrier.

“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.