Drilling Deep: Spencer Tenney on M&A in the supply chain
Spencer Tenney speaks on the state of merger and acquisitions in trucking and freight brokerage; host John Kingston addresses East Coast diesel.
Spencer Tenney speaks on the state of merger and acquisitions in trucking and freight brokerage; host John Kingston addresses East Coast diesel.
FreightWaves founder and CEO Craig Fuller analyzes the continuing decrease in truckload rates for dry van loads.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
Yellow Corp. executives told analysts that the company’s plan to close and consolidate terminals won’t reduce capacity in its network.
The company has created a new “baseline” for package-delivery activity, S&P says in assigning its debt an “A” rating.
In its third deal this year, autonomous driving provider Aurora has an agreement with Covenant to “explore ways to optimize” long-haul operations.
Less than a year after acquiring Blue Yonder, Panasonic announced plans for a supply chain business IPO focused on the SaaS business.
Jay Gustafson of Echo Global Logistics discusses the traits that determine if a broker’s technology can support the growth of an enterprise fleet in any market.
Multimodal transportation provider Radiant Logistics reported record results again during its fiscal quarter ended March 31. Demand still remains healthy throughout its network.
Startup Xos Trucks introduced full-fledged heavy- and medium-duty electric chassis cabs, signifying its graduation from a powertrain component integrator.
Autonomous trucking startup Plus is making a scaled-back version of its autonomous trucking software available through upfitting.
Investor Caroline Duffy says supply chain tech companies that push the envelope on customer delight will continue to thrive even in a down market.
U.S. Bank, a major lender to the supply chain, has brought in LiquidX as its fintech partner to speed up its digitization process.
Gatik founder and CEO Gautam Narang said autonomous middle-mile trucks can replace traditional Class 8 tractor-trailers along fixed, repeatable routes.
Byrd currently services the U.K., France, Germany, Austria, Italy, Spain and the Netherlands, and with its new capital, the company plans to expand its delivery network and warehouse capabilities to Sweden, Denmark and Poland.
The shipper of choice award highlights companies that excel at working with their carrier partners.
Logistics real estate investment trust Prologis makes a $24 billion all-stock offer for competitor Duke Realty.
This FreightWaves Future of Supply Chain chat covers how consumer behaviors impact pallet usage.
Eric Fullerton of project44 wants to start unifying recent acquisitions to help customers weather the next freight storm.
Wayfair is anticipating more shipping disruptions this year but has contingency plans to ride through them.
Amazon Freight experts discuss freight market volatility during this FreightWaves Future of Supply Chain chat.
Trax Technologies’ Chris Cassidy explains how understanding the flow of financial data with every freight shipment has become just as important as the shipment itself.
Truckers often make business decisions without the data needed to justify those decisions. Truckstop.com is trying to make more data available to owner-operators.
The company beat analysts’ expectations in its first-quarter financial results and named a new head of its brokerage services operation.
FreightWaves founder and CEO Craig Fuller chats with Billy Beane, executive vice president of baseball operations for the Oakland A’s, about how the A’s used data to help configure championship-winning teams.
A Massachusetts ballot initiative to classify Uber and other gig work drivers as independent contractors encounters skepticism before a panel of judges.
Arkansas Gov. Asa Hutchinson has four suggestions on how U.S. manufacturers and the American government can make a more resilient supply chain.
Forward Air announced the first West Coast addition to its drayage franchise with the acquisition of Edgmon Trucking.
Since joining third-party-logistics firm, LFS, as an advisor and investor, Justin Hall has been working to rebrand the company under the name of Primo.
Lightning eMotors, which electrifies commercial vehicle chassis, is teaming with Perrone Robotics to offer Level 4 autonomous vehicles for sale.
This FreightWaves Future of Supply Chain chat covers the connection between freight technology and supply chain agility.
This FreightWaves Future of Supply Chain chat covers how Unilever considers supply chains, technology and growth in mergers and acquisitions.
FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.
Air Transport Services Group seems to have immunized itself from air cargo volatility by leasing aircraft to e-commerce shippers and U.S. government personnel.
Universal Logistics saw improvement across all of its asset-light segments during the first quarter. Its updated guidance may prove conservative.
A 67-year-old Missouri trucking company that hauled mail for USPS shut down and filed for Chapter 7 bankruptcy after losing contracts.
Is a bigger battery on wheels the best way to make autonomous trucks more efficient? Solo Advanced Vehicle Technologies thinks so.
With first-quarter earnings pretty much all in the book, Todd Fowler of KeyBank discusses how trucking performed in a strong quarter.
Ride-hailing snack company Robomart will start delivering ice cream on demand this summer through a partnership with Unilever.
Atlas Air’s cargo business is on a steep growth path this year and ongoing fleet investments indicate management’s confidence in the future.
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
Transportation lawyer Cassandra Gaines describes the process of combining legal lessons into carrier monitoring FreightTech.
Truckload carrier U.S. Xpress turned in a quarter that was roughly breakeven, but some of the numbers from its Variant initiative deteriorated significantly.
Fleetcor’s reported first-quarter earnings Thursday include a steady retention rate of 93%.
Volvo will work with DHL Supply Chain to test hub-to-hub autonomous trucking using Class 8 VNL tractors retrofitted by Aurora Innovation.
Rate hikes and a slowdown in online deliveries hit U.S. Postal Service demand in the second quarter.
Electric truck maker Nikola posted its first gross profit in Q1 and racked up orders backed by California incentives.
Supply chain technology provider Trimble reported record revenue for the first quarter of 2022.
Echo Global Logistics announced its first acquisition since being taken private last year. It signed an agreement to acquire temperature-controlled services provider Roadtex Transportation.
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
Revenue seen growing by 11% to 15%, up from 8% to 12%; CEO sees growth across all verticals.
Aided by the acquisition of Transplace last year, Uber Freight posted positive EBITDA for the first quarter.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
Traton Group is glad it bought Navistar when it did. The U.S. truck and bus maker is helping offset war and other issues at the German holding company.
As spot rates tumble, shippers should consider rerunning their RFPs to lock down better prices.
Paxafe closes on additional $1.5 million round led by Venture 53 with participation from Value Chain Ventures, project44’s Jett McCandless and Metafora’s Peter Rentschler.
Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.
TuSimple, the autonomous truck developer is delaying its purpose-built driverless truck to 2025 while slowing its roll in other areas.
New container prices, new production, lease rates, lease durations and used container prices are all down.
Management from flatbed provider Daseke said April was “strong,” a continuation of the better-than-expected performance it recorded in the first quarter.
Freight forwarding, supply chain and express units see strong trade-related demand.
Paccurate raised $2.2 million to advance its cartonization and optimization platform.
Parade’s leading software learns from every carrier interaction received to better match brokers with the right carriers.
Transportation capacity grew for the first time since May 2020, according to a monthly supply chain survey.
Expeditors suffered a serious cyberattack in the first quarter, with a loss of volume, but still managed to make more money than the first quarter of 2021.
Cummins Inc. expects to keep raising prices to stay ahead of inflation in the materials it buys for engines and powertrains.
Freight brokerage firm C.H. Robinson had its debt rating affirmed by Moody’s, with the agency seeing “disciplined” finances at the 3PL.
Nikola is raising money to scale its production of electric trucks through sales of new stock and tapping an equity line of credit.
LTL trucker Saia set several first-quarter records in its earnings report, and it will add 10 to 15 new terminals this year.
Higher revenues contributed to increased profits in the first quarter for BNSF.
The survival of electric pickup truck startup Lordstown Motors likely hinges on completing the plant sale to Taiwan’s Foxconn.
For many logistics companies, full digitization across the supply chain is the ultimate goal.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
TFI CEO Alain Bédard may want to set TForce Freight wages based on worker geographies instead of one uniform structure in upcoming talks with the Teamsters.
USA Truck posted its seventh consecutive quarter of record earnings Thursday and expects 2022 to be another record year, James Reed, president and CEO, said during a call with analysts Friday.
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
On an earnings call with analysts, Covenant Logistics execs talked about the strong quarterly performance but noted that costs beyond fuel continue to rise.
Customers are keen to lock in capacity for the year and mitigate risk, executives said during Hub Group’s first-quarter 2022 earnings call.
ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.
A previously convicted fraudster ran a Ponzi scheme and bilked investors out of $40 million in a truck investment venture, then used the money to pay personal expenses, feds say.
Net sales hit the high end of estimates; shares get whacked in after-hours trade.
Arkansas-based USA Truck produced the best first-quarter earnings per share in the company’s 29-year history and the seventh consecutive quarter of record earnings.
Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.
Canadian Pacific believes its acquisition of Kansas City Southern is still on pace to receive federal approval sometime early next year.
“Our belief is we can use the software we have built for large carriers to do the last mile and apply that software for local DC-to-DC [shipments] to pass our relay efficiencies and savings to shippers while allowing drivers in our network to earn more,” said Baton’s co-founder.
Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.
BulkLoads.com said that shippers can now use MyCarrierPackets.com services within its BulkTMS solution, allowing for monitoring of insurance status and safety compliance of carriers.
President Adam Kahn joins the show to demonstrate how fleets use Netradyne to reward good driving behavior and identify areas for improvement.
E2open has completed its first full year as a public company with good numbers, although the stock price is lagging.
Class 8 battery-electric trucks will generate the first meaningful revenue that Nikola can take to the bank.
Robinson’s global forwarding network, years in the making, is having its moment in the sun.
truckload carrier Covenant Logistics had record-breaking net income for the first quarter, with improved operating ratios in its key trucking segments.
The operating plan, which builds upon the precision scheduled railroading-inspired initiative for NS’ manifest network, will be launched sometime late in the second quarter of this year.
A congressional report alleges then-President Donald Trump may have pushed the Defense Department to approve a pandemic loan to help gain Teamsters support in the 2020 election.
Less-than-truckload carrier Old Dominion beat first-quarter expectations Wednesday. The company moved one step closer to doing “something that they said couldn’t be done.”
“There’s been a big shock in the supply chains, and we’re working very hard to get our rhythm back and our operation back and to serve our customers well,” says new CEO Tracy Robinson.
Amazon Freight, the e-commerce giant’s trucking arm, is giving freight brokers 3% or 5% back per load through a partnership with American Express.
Ryder’s earnings rose sharply over the first quarter of 2021, with used truck sales a significant contributor to profitability.
CEO Brad Wright explains how Chunker’s short-term container storage model reduces risk for shippers.