Business

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.

It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.

Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.

Record results by the cargo division pulled Deutsche Lufthansa AG to profit in the second quarter for the first time since the COVID crisis began, underscoring how moving goods has […]

Supply chain technology provider Trimble reported transportation revenue of $150 million for the second quarter.

Air Transport Services Group rode the e-commerce wave to another profitable quarter.

Ride-hailing giant Lyft reported earnings for the second quarter after the bell Thursday.

DoorDash saw rising orders and revenues in Q2, but it still posted a $263 million quarterly loss.

Even though macroeconomic uncertainties lie ahead, Hub Group expects to find support in the medium term through improving rail service, market conditions that encourage more conversions to rail and the diversification of its business, executives said on Wednesday’s earnings call.

Werner reported revenue of $836 million in the quarter and sees a strong “pipeline” of demand from customers for the remainder of the year.

Nikola Corp. losses widened in Q2, but adjusted per share earnings and revenue topped estimates as deliveries rose.

Truckload carrier U.S. Xpress’ internal startup Variant continues to struggle with high turnover and declining utilization.

Yellow Corp.’s bottom-line numbers show solid gains despite double-digit daily tonnage declines.

Fleetcor Technologies Inc. on Wednesday reported revenues of $861 million in its second-quarter earnings.

GXO’s earnings per share beat estimates, and it raised full-year guidance for revenue and earnings.

Etihad ordered big Airbus freighters to support its ambitious growth plans for cargo.

Kellogg Co. was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.

Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.

E-commerce is making air cargo an attractive play for investment funds. Atlas Air is on Apollo Global Management’s wish list.

TuSimple CEO Xiaodi Hou responded to a federal safety investigation that raised concerns about a potential setback to its driverless truck technology.

Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.

Daseke officials expect strong demand from industrial customers like Caterpillar to help the company grow revenue up to 15% by the end of the year. (Photo: Jim Allen/FreightWaves)

For the second consecutive quarter, Uber Freight turned in a financial report that showed it as profitable by a key standard.

Transportation data showed further loosening during July, according to a supply chain survey released Tuesday.

Air and ocean freight company saw its volumes slump but managed to be more profitable as it held the line on expenses.

On Jennifer Rumsey’s second day as CEO, Cummins Inc. reported strong Q2 earnings in North America.

“Terra is the largest transportation solutions company … that you’ve probably never heard of,” said the founder and chief operating officer of Terra Worldwide.

Netradyne’s Nick Grome dives into the power of positive feedback through the Driver•i dashcam.

California’s PAGA law, which turns private citizens into mini-prosecutors, may become the key to enforcing AB5 in trucking.

Uber beat earnings expectations for Q2, but its delivery business wasn’t the driver this time around.

Truckers being sued by the city of Oakland and port commissioners over a weeklong protest over AB5 are claiming a small victory Monday after Alameda County Superior Court Judge Delbert Gee didn’t immediately grant the temporary restraining order port officials were seeking.

TravelCenters of America Inc. tops $3 billion in revenue for the second quarter.

Are supply chain surcharges the new normal for restaurants? Logistics behind an apparel brand. Getting vets jobs in logistics and more on WTT

Schneider is joining fleets testing highway autonomy, starting commercial pilots in supervised Aurora Innovation trucks this week.

Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.

Second-quarter cargo business softened on the margins for British Airways and its sister airlines but was still much better than before the pandemic.

Transport and logistics giant TFI posted quarterly gains across the board and raised the outlook for the rest of the year.

With Parade and Tai Software, Concept Logistics is well armed to face the ever-changing freight landscape.

Sending cargo on a rideshare to space; latest in dash cam tech; how EV and chips bill will impact auto; owner-ops say their making less money this year and more on WTT

Shippers want to move more goods via rail, and they will do so once rail service improves. This will ultimately benefit lessors like Trinity Industries, CEO Jean Savage told investors on a recent earnings call.

Lean Solutions Group looks to replicate the success of its Colombian nearshoring model.

ArcBest reported better-than-expected results again during the second quarter.

Cargojet says it has two built-in defenses against an economic downturn: e-commerce and unstable cargo service at passenger airlines.

P.A.M. Transportation Services reported better-than-expected second-quarter results Thursday.

Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the company abruptly closed its doors.

Schneider National beat second-quarter expectations even with a precipitous drop in gains on sale.

Share gains come despite another net loss, sharp drop in operating income

Canadian Pacific executives on the company’s second-quarter 2022 earnings call discussed precision scheduled railroading, synergies with Kansas City Southern and intermodal strength in the second half of the year.

CO2 shortages strike breweries; Senate bill proposes $40k tax credit for electric semis; a look at a limp dry van spot market and more

“Most customers are trying to decrease their costs per load when it comes to visibility tools of cold chain and perishable shipments. Tive Tag delivers exactly what they need at drastically lower costs,” said Tive’s vice president of global marketing.

Forward Air raised its earnings expectations again. Management believes it has the ability to generate higher results even in a recession.

“We see TaaS as something more than leasing, something more than rental. We see it as a way we can create custom solutions for different digital partners as they try to maximize their business,” said Wabash President and CEO Brent Yeagy.

Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.

Commentary from the C-suites of trucking remains positive for the 2022 back half.

Converting two flat switching yards back to hump yards and adjusting train schedules are broader initiatives that aim to serve customers better, Norfolk Southern executives said during the company’s second-quarter 2022 earnings call Wednesday.

Robinson’s NAST revenue rises despite LTL volume declines and modest TL growth.

Less-than-truckload carrier Saia reports record results for the second quarter and said it has no plans of slowing its growth initiatives.

Logistics giant Ryder posted total revenue of $3.03 billion and earnings per share of $4.43 during the second quarter.

Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.

Has Nikola managed to rebound? Plus, a unique cold chain visibility tag; something stinks at Slync; autonomous convoys and more on WHAT THE TRUCK?!?

Union Pacific on Wednesday enlisted Wabtec to modernize 600 locomotives to improve fuel efficiency, reliability and haulage ability.

Anticipated strength in domestic intermodal and higher grain volumes will support CN in the back half of this year, company executives said during the Canadian railway’s second-quarter 2022 earnings call.

Shopify posted a $1.2 billion loss in the second quarter a day after it announced it was slashing 10% of its workforce.

Paccar Inc. defied analyst estimates and posted top- and bottom-line beats in second-quarter revenue and income.

Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.

Kodiak Robotics is taking a simpler approach to mapping highways for autonomy, focusing on connectivity over detail

Walmart has announced a partnership with Platform Science to equip the retailer’s private truck fleet of 12,000 drivers with telematics tablet devices.

The Atlanta-based company also reveals a plan to improve on-time performance across its U.S. network.

Like a mechanic, we maintain and repair moving parts of your transportation machine; we don’t drive the machine, we fix it.

Produce shipper WP Rawl has found PowerFleet’s solution to have a surplus of benefits.

Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.

Covenant Logistics Group’s truckload revenue increased 29% year over year to $218 million, despite unprecedented cost inflation and higher insurance costs.

Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.

If you’re an owner-operator, chances are that money-wise 2021 felt pretty good to you. Has 2022 been quite as generous?

TransForce, long a provider of drivers to carriers, is rolling out its proposal for independent contractor compliance with AB5.

Pent-up demand for railcars will support GATX even as rail service clears up.

Small shipper battles TQL over lost plant shipment; AB5 fallout; the intersection of FreightTech and people; brawl at Disney

Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.

With over $170 million from investors, executive leadership from legacy companies and a restructured plan for long-term growth, Emerge’s leadership is looking forward to continuing its core mission of modernizing procurement processes.

Union Pacific executives said it wasn’t precision scheduled railroading but running the network too tightly that brought on the service issues.

Triumph Bancorp posts strong second-quarter financial results while remaining “cautiously optimistic” for a relatively flat trucking and transportation market through the end of 2022.

Broker Landstar System missed second-quarter expectations but noted pricing metrics are holding firm.