Business

A group with trucking interests as a key driver has been formed in Texas to push new tort reform.

A Miami trucking company and its five affiliates with more than 400 drivers recently filed for Chapter 11 bankruptcy protection.

A former bookkeeper for an Iowa trucking company was sentenced to two years in prison after a guilty plea.

Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.

GXO Logistics Inc. sees an upward trend in the global freight market in 2025, boosted by e-commerce.

Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.

International Association of Machinists and Aerospace Workers union members voted to approve a new contract with Boeing on Monday, putting to an end a lengthy strike in the Pacific Northwest.

Expeditors International by numerous metrics had a strong third quarter.

Mike Baudendistel, head of intermodal solutions at FreightWaves SONAR, discussed on The Stockout’s election special Monday what Tuesday’s presidential election might mean for the retail and consumer packaged goods industries.

Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.

GXO achieved 28% revenue growth in the third quarter to a quarterly record of $3.16 billion, boosted by new e-commerce customers.

While small transportation companies are often priced out of traditional insurance policies, Loadsure’s data-driven model allows for accurate pricing and empowers clients with active risk management insights.

Two-year-old SpeedX is entering the international logistics sector with the acquisition of Accelerated Global Solutions.

The American Medical Manufacturers Association is advocating for tax incentives and tariffs to encourage more U.S. medical equipment production amid concerns over supply chain disruption following recent hurricanes and ongoing competition with foreign trade partners.

BNSF Railway’s profits, revenue and volume all increased for the third quarter, thanks to surging intermodal and agricultural shipments.

The Environmental Protection Agency has awarded nearly $250 million for a multistate project to add electric truck chargers along the I-95 freight corridor.

Ocean shipping and logistics services provider Matson saw improved third quarter profits as higher China and domestic freight rates offset mixed container volumes. Operating income was $227 million for the […]

The rapid expansion of global trade has complicated cross-border payments, adding costs and delays and heightening fraud risk. Financial institutions and fintech firms are implementing digital solutions to enhance transparency and security.

A dispute over terminal automation will halt freight moving through the ports of Vancouver and Prince Rupert, British Columbia, and disrupt U.S.-bound intermodal rail shipments.

As AI continues to grow as a buzzword in many industries, especially in supply chains, workers fear getting replaced with new technology. However, AI is best used when working in tandem with employees.

Ocean Network Express posted soaring results in the second quarter on strong demand in the major trades, an early peak season in the U.S. and attacks on the Red Sea trade route.

The strong air cargo market acted as a tailwind for Air Canada in the third quarter.

ArcBest missed third-quarter expectations and is guiding to more than 500 basis points of less-than-truckload operating ratio degradation in the fourth quarter.

Boeing reportedly dismantled its global diversity, equity and inclusion department on Thursday, and striking members of the International Association of Machinists and Aerospace Workers are scheduled to vote on a new contract offer Monday.

The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.

How much influence could a $250 million purchases of 500 electric trucks have on establishing the value of used trucks?

ArcBest sees weak trends in both its asset-based and asset-light segments during the third quarter.

The ONE alliance of container vessel lines posted second-quarter revenue on an early peak shipping season thanks to attacks on a key Mideast route and looming East Coast longshore strike.

The parent of Maersk container line said strong demand for shipping services and higher ocean freight rates fueled growth across all businesses as it raised estimates for full-year results.

E-commerce giant Amazon.com Inc.’s North American sales increased 9% year over year to $95.5 billion in the third quarter.

Trinity Industries, which builds tank cars, covered hoppers and other freight cars saw lower revenue but higher profits on better railcar lease rates and improved efficiencies.

Uber Freight posted a wider EBITDA loss but showed improvement in revenue in the third quarter.

Amazon Air is looking to make money from its in-house cargo airline by renting out aircraft, including those operated by Sun Country Airlines, to shippers.

Hub Group reported year-over-year revenue decreases in its intermodal and logistics segments during the third quarter.

C.H. Robinson CEO Dave Bozeman talked with analysts Wednesday about his model for turning the company around. The evidence indicates it’s working.

FreightWaves SONAR hosted a webinar Wednesday discussing its new shipper data consortium with Charles Odom, director of logistics at Halliburton.

A first look at C.H. Robinson’s third-quarter earnings reveals slightly slower sequential gains than in recent quarters.

Logistics powerhouse Kuehne+Nagel is an early adopter of Amazon Air’s freight transportation service, which it is using to move e-commerce shipments from China to the U.S.

Transport Canada is funneling millions of dollars to expand grain-handling facilities at the Port of Montreal.

A Virginia engineer was sentenced to seven years and six months in federal prison for his role in an investment fraud scheme that bilked investors out of over $15.6 million after purporting that he had lucrative engineering inspection contracts for federal and state government infrastructure projects.

Less-than-truckload carrier XPO beat third-quarter expectations and outlined a plan for outsize yield and margin growth.

The builder of autoracks, intermodal stack cars and other railcars turned in a strong finish to fiscal 2024 despite challenges in the North American market.

CSX launched double-stack service to and from the Helen Delich Bentley Port of Baltimore on Monday thanks to clearance projects that have been completed north of the Howard Street Tunnel.

XPO beats third-quarter expectations, reporting 200 basis points of margin improvement in its less-than-truckload unit.

Truckload carrier Heartland Express reported another loss in the third quarter and said cost cutting alone won’t return it to profitability.

Werner CEO Derek Leathers delivered a surprisingly positive outlook for the trucking market.

Truck broker Landstar System said Tuesday it expects no material lift in the freight market for the remainder of 2024.

A total of 122 projects in 41 states and the District of Columbia have been named recipients in the Federal Railroad Administration’s Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant program.

Werner Enterprises’ third-quarter operating ratio deteriorated by 320 basis points.

Freight broker Landstar System missed third-quarter expectations Tuesday after the market closed and issued fourth-quarter guidance that was also light of consensus.

Lufthansa’s cargo division recorded modest profit growth in the third quarter and this week launched a trans-Pacific freighter service.

Researchers at Trace One recently published an analysis monitoring changes in food imports over time, the amount of food imported compared to total consumption, top trading partners and top food items imported for each state.

Moran Transportation announced it has acquired fellow less-than-truckload transportation provider RMX Freight Systems.

As FreightVana CTO Don Everhart moves into his new role at Transflo, he answers FreightWaves’ questions on hot FreightTech topics.

EFW, a company that specializes in passenger-to-freighter conversions, is shutting down its U.S. assembly plants because of shortages in skilled labor and other problems that have delayed delivery of large aircraft to Amazon.

A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.

Despite a first-half lull in domestic network demand for logistics services, the world’s largest forwarder saw overall volume growth in the third quarter.

A shuttered Illinois-based trucking company that once hauled general freight, liquids and gases, beverages and paper products recently filed for Chapter 7.

Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.

Fleet managers are turning to new AI-driven Drowsiness Detection technology, which shows that 77% of drowsy driving events are detected by behaviors other than yawning alone.

Universal Logistics Holdings officials said they expect operating revenues of $1.8 billion to $1.9 billion in 2025.

Less-than-truckload carrier Saia saw a modest backup in financial results during the third quarter but reasserted confidence that it’s on the right path with its terminal growth strategy.

German transportation provider Hapag-Lloyd reported preliminary nine-month profits and raised its full-year forecast as vessel diversions pushed up shipping rates.

As the industry continues to evolve, choosing the right fleet management software can prove daunting.

A new study projecting adoption of hydrogen internal combustion engines over the next decade suggests modest adoption.

Funding from FEMA will help protect operations and infrastructure at the second-busiest U.S. container hub.

Less-than-truckload carrier Saia’s less favorable freight mix and higher cost structure from a terminal expansion weighed on its third quarter.

Universal Logistics Holdings’ third-quarter financial results show year-over-year decreases in its trucking, brokerage and intermodal segments.

In the first episode of the new Bring It Home podcast, co-hosts Craig Fuller and JP Hampstead speak with Dunavant Enterprises CEO Bill Dunavant about the future of Memphis Tennessee as “America’s supply chain capital.”

UPS’s financial performance bounced back in the third quarter, but it flagged macroeconomic weakness and in-store shopping as potential headwinds for fourth-quarter volumes.

Covenant Logistics Group reports truckload revenue of $198 million in the third-quarter, despite a soft freight market.

Ryder has been pushing to rely less on vehicle leasing, and it’s getting there. 

The linear model of traditional supply chains is no longer adequate for modern freight thanks to e-commerce and different fulfillment methods. The dynamic nature of today’s supply chain requires unified planning.

Union workers voted Wednesday to reject the latest employment contract offer from Boeing.

Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.

Union Pacific Corp. in the third quarter saw double-digit gains for income and earnings on modest carload volume improvement and lower fuel prices.

Canadian Pacific Kansas City’s third-quarter profits and revenue increased despite the impact of the four-day work stoppage in Canada, the railway reported on Wednesday.

Here’s a first look at Ryder’s third quarter earnings.

A New Jersey supply chain company is making its workforce more inclusive by partnering with a local nonprofit to train people who have autism, providing them skills to become competitive job candidates.

Tesla plans to ramp up full production of its all-electric Class 8 Semi truck in 2026.

Covenant Logistics Group reported 2% quarterly growth in freight revenue, “despite the prolonged general freight market down cycle,” Chairman and CEO David R. Parker said.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.

Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.

Supply chain software provider Manhattan Associates says it is taking longer to close deals.

The Boeing Co. on Wednesday reported a loss in revenues of over $6 billion in the third quarter.

CSX Transportation has reached new tentative five-year deals with the International Brotherhood of Electrical Workers and the National Conference of Firemen & Oilers. The railroad also announced ratification of an agreement with yardmasters represented by the International Association of Sheet Metal, Air, Rail, and Transportation Workers-Transportation Division.

Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.

Canadian National Railway posted third-quarter revenue slightly better than a year ago as operations appeared fully recovered from destructive wildfires and a labor dispute that briefly shut down the railroad.

TFI CEO Bedard said on an analyst call that he wasn’t sorry the company bought UPS Freight, but he was plainspoken about its issues.

Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.

Norfolk Southern (NYSE: NSC) posted third-quarter earnings from rail operations of $1.6 billion, along with an operating ratio of 47.7% and diluted earnings per share of $4.85, the railroad announced Tuesday. 

An Illinois trucking company recently notified most of its company drivers that it could “no longer support part of its fleet operations” and terminated their positions “due to current market conditions.”

Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.

According to a new report by Becker Logistics, cargo theft varies seasonally and by mode and location.

Marten Transport turned in a quarterly earnings report that was negative by almost every measure.

Mexico’s Congress has passed legislation that would reverse railroad privatization laws enacted in the 1990s and give the government more control over rail operations, particularly passenger rail.

Using electric trucks for inbound logistics includes Daimler Truck with a 2026 goal of zero-emissions truck deliveries to its plants.

At TIA Technovations, logistics technology leaders tackled the challenges of balancing tech investments with tight budgets. The panel highlighted the need to be strategic with implementations, maximize existing tools and foster collaboration with vendors.

A Texas trucking company and its affiliated companies have shuttered operations and recently filed for bankruptcy liquidation, citing serious financial conditions as the main reason.