Corpay’s Q2 fuel transaction revenue up 1% to $510M
Fleet fuel card provider Corpay said its North American fleet business “presented a drag on growth” during the second quarter.
Fleet fuel card provider Corpay said its North American fleet business “presented a drag on growth” during the second quarter.
Shipping spot rates tracked June’s record volumes from the Far East to the U.S. West and East coasts, soaring by 144% and 139%, respectively, between April 30 and July 1, according to Xeneta.
As extreme heat and numerous natural disasters continue to hit the U.S. this summer and beyond, trucking companies must prepare to avoid disruption.
A Harris-Walz win in November could bring national attention to a highway funding scheme taking root among states.
The Equal Employment Opportunity Commission is suing Transportation Management Group, doing business as Wilson Logistics, for allegedly refusing to hire a deaf truck driver.
Air Canada has jettisoned two freighter aircraft from its fleet because there isn’t enough business to justify the cost.
Republican lawmakers are leaning on the Department of Justice to provide an update on an investigation into more than 60 multiemployer pension plans that were overpaid from a government bailout package.
MyCarrier asked a Delaware judge to stop project44 from cutting off visibility data to MyCarrier.
Forward Air said Wednesday it will continue to focus on integration and revenue opportunities following a messy merger with Omni Logistics.
GXO Logistics’ second-quarter revenue surged 19% year over year to $2.8 billion.
With so many players in the trucking industry having to close, one company was able to recover from the brink of bankruptcy.
U.S. Customs and Border Protection last week seized 3,400 pounds of methamphetamine on the Southern border and 266 pounds of cocaine on the Northern border – all on the same day.
RXO did not see significant improvement in its key financials, but it highlighted where things were better.
J.B. Hunt and autonomous truck maker Kodiak Robotics have executed more than 50,000 accident-free miles on a long-haul lane between Bridgestone facilities.
The CEO of truckload carrier NFI pleaded not guilty in a New Jersey political corruption case.
Rail shipper groups say the poor on-time performance of all 15 Amtrak long-distance trains – which prompted the Justice Department to file a lawsuit last week against Norfolk Southern for its handling of the Crescent – is merely a reflection of Class I railroad freight operations.
Global warehouse operator Prologis announced its Mexican affiliate has acquired a 77% equity stake in Fibra Terrafina.
Bestpass-Fleetworthy Solutions, known primarily for its toll management services, is acquiring weigh station bypass company Drivewyze and signals that more acquisitions are ahead.
3PL RXO saw its revenue decline in the second quarter, but gross margin was higher.
Yellow’s non-pension-affiliated creditors as well as its shareholders may soon know the fate of their stake in the defunct less-than-truckload carrier’s estate.
EBITDA at Uber Freight remained negative in the second quarter, and revenue continued to fall.
Korber Supply Chain Software announced Tuesday it is acquiring MercuryGate International Inc., a TMS provider.
Expeditors International saw an increase in its airfreight business in the second quarter and a downturn on the ocean.
A proposed shift in how tax revenue generated by freight movements is allocated among states has hit a dead end.
Freight-related companies in California, Georgia, Illinois, New York and Texas are laying off a total of 1,234 employees.
Arizona Gov. Katie Hobbs announced Energy Fuels Resources Inc. would voluntarily halt transporting uranium ore through Navajo Nation lands to Utah shortly after the tribe’s president issued an executive order banning the ore transport.
One solution to improve roadside safety for commercial trucks is easily visible flashing lights mounted at the top of the cab.
The International Brotherhood of Teamsters announced Friday that its membership would be voting on the union’s endorsement for U.S. president this election year.
Transportation provider Hub Group sees Q2 revenue fall 5% year over year to $986 million.
Sun Country Airlines expects to double its cargo revenue once a revised transportation contract with Amazon is fully implemented in 2026.
ArcBest misses second-quarter expectations as losses at its asset-light business continue.
A federal lawsuit filed against the owners and operators of a cargo ship that sank off the Georgia coast in 2019 has been dismissed at the request of Glynn County.
New Jersey independent contractors who haul freight under STG Drayage’s operating authority will no longer be tendered loads in November unless the truckers get their own authority through the Federal Motor Carrier Safety Administration.
ArcBest reported second-quarter results on Friday, which came in light of analysts’ expectations.
Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.
Temperature-controlled real estate investment trust Lineage Inc. announced it will give $100 million in equity awards to its workforce.
Parcel logistics giant DHL is banking on a strong peak shipping season to bring up results for 2024.
Schneider National saw positive indicators in the second quarter as the company reported revenue of $1.31 billion.
Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
Less-than-truckload carrier XPO bested second-quarter expectations on Thursday as tonnage and yields continued to move higher.
Large passenger airlines recorded solid growth in cargo revenue during the second quarter after more than a year of contraction.
Less-than-truckload carrier XPO beat second-quarter expectations as tonnage and yield increases were complemented by effective cost management.
Dave Bozeman, one year into the job as CEO of C.H. Robinson, cites a new operating model as the company’s earnings surprise to the upside.
C.H. Robinson’s earnings look solidly positive, and the stock market reacted that way.
The Port of Long Beach received a $7.875 million grant for its data system, which port leaders say will help speed cargo deliveries across the country.
Canadian Pacific Kansas City had a gangbuster second quarter as
merger-related traffic synergies kicked in faster than expected and boosted revenue and profits,
executives said on Tuesday.
It took only nine days for airfreight to return to normal following the CrowdStrike Windows outage on July 19, according to data from Xeneta.
U.S. officials announced a delay on the start of new tariff increases on Chinese imports, including a 25% tariff on China-made ship-to-shore cranes.
A New Jersey-based trucking company, cited numerous times for safety violations for both its drivers and equipment, recently filed for Chapter 11.
Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned.
The CEO of Werner Enterprises says an inflection point in the freight market might be near.
The U.S. Justice Department is taking Norfolk Southern to court, alleging the railroad’s delays of Amtrak’s Crescent violate federal law.
Broker Landstar System beat second-quarter estimates Tuesday as the period ended a two-year streak of sequential revenue declines.
Werner Enterprises saw revenue and earnings per share drop in the second quarter.
Charles Christian Haskell, 51, of Las Vegas, was charged with five counts of death by motor vehicle after a crash involving his tractor-trailer on Interstate 95 in Wilson County, North Carolina, on July 24.
Altana closed on a $200 million investment Tuesday to accelerate its supply chain and risk management product development.
C.H. Robinson has made its first acquisition or divestiture since Dave Bozeman took over, selling its European brokerage operations.
Knight-Swift announced its third less-than-truckload acquisition on Tuesday, purchasing Los Angeles-based Dependable Highway Express for an undisclosed sum.
The partnership between FreightWaves SONAR and WeatherOptics will provide SONAR users with up-to-date information about environmental risks and weather impacts to their supply chains.
Love’s said Monday it has acquired the U.S. transportation factoring portfolio from REV Capital.
The U.S.-flag subsidiary of shipping leviathan Maersk has agreed to a settlement with the U.S. government over the termination of a seaman who alerted authorities to potential unsafe conditions on a cargo vessel.without first notifying the company.
A Washington jury awarded $24.2 million to the former Port of Seattle police chief, who was fired three years ago and sued the port, alleging wrongful termination.
In an earnings call with analysts, TFI International CEO Alain Bedard gave a strong critique of the company’s LTL cost structure.
Supply chain logistics company Stord purchased the fulfillment services operation of Pitney Bowes’ e-commerce division on Friday.
Universal Logistics Holdings saw increases in second-quarter top-line revenue, along with gains in its trucking and contract logistics segments.
Jacob McDonald, 60, was indicted by a Licking County grand jury for his role in a Nov. 14 crash that killed six people, including three high school students.
Growth-related costs and a less favorable freight profile led to Saia’s second-quarter results coming up short of expectations.
Returns continue to increase, which can end up costing companies. Processes can be put in place to help bottom lines, and it’s all related to transportation.
Operational improvements helped Norfolk Southern win back service-sensitive intermodal and automotive traffic while driving down costs and boosting the railroad’s profitability in the second quarter.
Kodiak Robotics is delaying commercial on-highway driverless trucks to focus on autonomy in the Permian Basin.
Ryder’s earnings report for the second quarter showed some sluggishness, but company executives see a bottom.
Companies across the freight industry have announced another wave of layoffs, with over 600 workers in four states losing their jobs.
A first look at less-than-truckload carrier Saia’s second-quarter earnings report.
Lytx highlights fleet safety trends and outlines ways fleets can improve their safety and culture through data, reporting and driver coaching.
Blue Thunder Trucking of Broadview, Illinois, and its three affiliates filed for bankruptcy liquidation on July 19.
TFI International reported solid financial performance in the second quarter of 2024.
The California Supreme Court unanimously upheld the exemption from independent contractor law AB5 that Prop 22 granted to gig drivers.
Union Pacific’s profits rose in the second quarter despite a sharp drop in coal traffic.
Covenant Logistics Group sees improvement in the overall freight market but not enough for a 2024 recovery.
Heartland Express’ Q2 earnings saw a net loss of $3.5 million as it works to improve its operating ratio and profitability
The Federal Motor Carrier Safety Administration announced Tuesday that ELDs from CTE-LOG ELD, ELD VOLT, Powertrucks ELD and TFM ELD were placed on the revoked devices list.
Cold storage real estate investment trust Lineage Inc. announced that its initial public offering priced near the high end of the range and will include at least 10 million more shares than expected.
Truckload carrier Pam Transportation Services lost money again in the second quarter but said it saw signs of an improving freight market as the quarter closed.
FreightTech hasn’t solved freight fraud, and regulators can’t figure out who is regulating it. Is there a solution?
Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.
Covenant Logistics Group posts second-quarter revenue of $287.5 million and adjusted earnings of $1.04 cents per share.
The recovery of the air and ocean logistics market since the start of the year helped improve second-quarter results at Kuehne+Nagel and DSV.
The Supply Chain Council heralded its beginning with an outdoor briefing near the Port of New York/New Jersey.
A federal lawsuit filed Tuesday by nonprofit Environment California accuses the Port of Los Angeles of violating the Clean Water Act.
Old Dominion Freight Line beat second-quarter expectations Wednesday as it continues to ready its network for an improving freight economy where it plans to win market share.
Tesla has paused plans for a factory in Mexico amid a 43% drop in second-quarter profit.
The U.S. Securities and Exchange Commission has charged two more Florida executives with participating in a truck investment venture that allegedly bilked investors out of $112 million.
xCanadian National today lowered its financial outlook for the year as volume growth slowed during the second quarter due to slumping lumber traffic and the impact of shippers diverting international intermodal containers to U.S. ports in anticipation of a potential rail strike in Canada.
Truckload carrier Heartland Express reported another quarterly net loss on Tuesday and said improvement in the freight market will not likely occur until 2025.
UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs.
Fleet fintech provider Coast lists a number of initiatives under its product road map.
As some factions of the freight industry are still experiencing fallout from Friday’s CrowdStrike disruption, experts are reminded that there is room for growth in securing supply chains.
Two Miami-based trucking companies, A1 Transport Network and AB Brothers USA, filed for Chapter 11 bankruptcy protection Saturday.
UPS announced on Monday it has entered an agreement to acquire Mexican express delivery company Estafeta.
Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals.