An unanticipated high attrition rate among new hires has affected the pace of CSX’s planned operational recovery, according to executives on the railroad’s second-quarter earnings call.
New leaders, an electrification push and Scania influence mark the first year after the Traton’s $3.7 billion takeover of Navistar.
Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.
Aldi, one of the fastest-growing grocery chains in the U.S., has been named a FreightWaves Shipper of Choice in 2022.
Passenger travel carried United Airlines to a second-quarter profit, while cargo sales eased for the first time in two years.
“This allows Samsung to set a new bar of service levels for logistics customers, and Vizion supports this through hyperfocus on enhanced visibility technologies,” said Kyle Henderson, co-founder and CEO of Vizion.
Ports of Boston and Baltimore shorten supply chains with infrastructure buildouts; another day of protests of Ab5 protests?; rail off the rails and more
Legislation approved by the House transportation committee provides dedicated funding for competitive grants aimed at expanding truck parking.
FreightWaves announces a new Chief Revenue Officer and its Q2 earnings.
J.B. Hunt Transport Services beat second-quarter expectations despite persistent rail congestion and supply chain bottlenecks.
J.B. Hunt Transport Services’ second quarter came in ahead of forecasts.
The Biden administration is launching an advisory panel to identify ways to integrate automation across transportation modes.
Volvo Group reported higher truck sales, profits and market share in the second quarter despite ongoing supply chain disruptions.
While many expect digital freight to disintermediate the broker, MVMNT has other plans in store.
Temperature-controlled carrier Marten Transport rode higher yield metrics to a record quarter.
Nikola will try for a fourth time to win a proxy fight with indicted founder Trevor Milton as the electric truck maker fell short of votes again.
Logistics real estate investment trust Prologis on Monday pointed to some moderation in demand trends but pushed its full-year financial expectations higher.
GXO Logistics Inc. plans to permanently shutter its Milwaukee-area facility and lay off 144 workers by September.
Logistics warehouse owner Prologis reported in-line second-quarter financials Monday but full-year expectations were increased on “healthy demand.”
“While this was not an easy decision to make, restructuring our organization keeps us on a path of success, provides the opportunity to improve efficiency and collaboration and allows us to better address the evolving needs of our customers,” said project44 founder and CEO Jett McCandless.
Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.
Drivers find the fleet camera system to be more of a wingman than a watchdog.
Pilot Co. will build a public network of high-speed charging stations with General Motors to get ahead of electric vehicle charging demand.
While companies generally support the Securities and Exchange Commission’s goals of providing climate data to investors, they have apprehension about the burden the rules could place on small carriers.
California’s trucking sector is looking at numerous ways to keep in compliance with AB5, but is doing so without specifics on what’s right and wrong.
Some California truckers who move containers in and out of the marine terminals at the ports of Los Angeles and Long Beach plan to participate in a work stoppage Wednesday to protest a controversial state law, AB5.
Canoo Inc. in May said its survival was iffy. With Walmart’s order of 4,500 electric delivery vehicles, the near term looks brighter.
Customers are eager to move products via rail once network congestion subsides, executives said during Greenbrier’s quarterly earnings call on Monday.
The Biden administration’s proposed rule requiring new state-level tailpipe emissions performance measures sets dangerous precedents for infrastructure investment, according to road builders.
To date, drivers have completed 45,000 loads and have earned over $75 million using CloudTrucks’ solutions, according to co-founder and CEO Tobenna Arodiogbu.
On demand on WTT: Marine autonomy as a service; the market for drivers; latest on port contracts and more
Three days after nearly 450 employees, including 135 drivers, were laid off, Williston, Vermont-based LandAir’s management team and its private equity owners have yet to disclose what led to the decision.
Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.
Truck transportation jobs recorded another increase in June, but the rate of growth was slower than recent months, according to the latest Bureau of Labor Statistics report.
Outrider, an autonomous distribution yard developer, is readying a robotics kit that would allow shippers to automate operations.
Less-than-truckload carrier Pitt Ohio announced the acquisition of assets from Teal’s Express, which will provide it coverage in New York.
Employees of Williston, Vermont-based LandAir, an LTL carrier that serviced the Northeast and parts of Canada, say they had no advanced notice that the company was reportedly closing its doors on Tuesday.
NewRoad Capital Partners leads Series B investment in cloud fulfillment platform Logiwa.
Today, many in the trucking and logistics industry are looking to improve reliability, reduce costs, and decrease their carbon footprint to deliver against rising customer expectations.
Dick’s Sporting Goods and Roehl Transport partner on driver appreciation with an emphasis on reducing dwell time at loading facilities.
Nonprofit organization GivePower is using solar power to desalinate water and provide positive health, education and economic impacts for communities.
Just as shippers and carriers vary in size and complexity, so too should the technology that automates their processes.
Transport analyst conducts virtual beer get-togethers to gain knowledge and build contacts.
California’s trucking sector is likely to be upended now that it will need to deal with AB5, the state’s more rigid independent contractor law.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Tribal aims for Latin American SMBs using blockchain and crypto; Nuvocargo starts a service aimed at streamlining invoicing and payments; a Japanese air conditioning manufacturer plans a $230 million plant in Mexico; and Mexican seaports handled 9.8% more loaded containers in Q1.
West Coast port employers and labor won’t extend their contract during bargaining, as business groups would like them to do.
A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.
70,000+ independent truckers brace for AB5’s impact; how to survive a shipwreck; trucking gives drivers life after prison and more on WTT
The management shakeup at TuSimple has become a full management house cleaning. Hyliion sees early benefits following Cummins’ partnership.
Nikola will keep trying to pass a proposal to increase the number of authorized shares by pressing company stock owners to vote their proxies..
California’s trucking sector must now brace for the imposition of AB5’s rules on independent contractors as the court rejects overturning pro-AB5 appellate decision.
With changes accelerating and investment pouring in, freight forwarders need to start digitizing now to remain competitive and thrive in the imminent digitized logistics environment.
The company specifically runs its fleet on Interstate 5 using proprietary technology to relay drivers.
Nikola founder Trevor Milton will be tried in September rather than July after a new fraud charge led to a plea for more time.
Digital twins are all the rage in business because they provide a proactive look at the supply chain.
Baton eliminates 25% of its workforce to pivot its business model to focus on its artificial intelligence transportation management software for drop-freight operation
Meet Juliette, the laundry company founded by Rechelle Balanzat that’s using logistics to take its business to new heights.
Trailer Bridge signed a $62 million lease agreement with the Jacksonville Port Authority to continue operating a Blount Island terminal through at least 2041.
Nikola founder Trevor Milton has been irritating the company he once led since leaving in September 2020.
With the freight market falling and layoffs hitting the news cycle, is now a good time to get a job in supply chain? We’ll find out on demand on WHAT THE TRUCK?!?
Burris Logistics expands cold chain service map for subsidiary Honor Foods in its latest acquisition.
California’s AB5 law will remain blocked from implementation in the state’s trucking sector for now as the Supreme Court remains silent.
FreightWaves founder and CEO Craig Fuller assesses the potential for a “great purge” in trucking fleets.
The rising cost of construction materials — and lack of bidders — is weakening the power of the bipartisan infrastructure law.
After a new fraud charge was leveled against Nikola founder Trevor Milton earlier this week, his attorneys are seeking a 30-day delay to review the documents.
With the country navigating a weakening economy, companies industry wide are struggling to hire and retain drivers.
On demand on WTT: Lunar logistics with NASA; will the fuel tax holiday help trucking; DB Schenker buys USA Truck and more
FedEx Freight’s gains won’t make investors forget about FedEx Ground’s issues, but they help.
A midyear report showed mixed data for deal flow in the transportation and logistics sector.
Inside the WTT newsletter: best places for truckers with dogs; imports nose-dive at Port of LA; autonomous truck gets public road approval
Red Arts Capital makes another acquisition in the supply chain, adding contract packaging provider Coregistics to its portfolio.
The NHTSA has approved the Einride Pod autonomous vehicle for on-road operation.
With the right technology, fleets can confidently weather any storm.
As CalArk grew its local delivery fleet, it realized drivers could not take advantage of a short-haul exemption from ELD rules with current technology. So it built a new system.
Schreiber Foods, one of the world’s largest dairy producers, has been named a FreightWaves Shipper of Choice in 2022.
Freymiller was founded by Don Freymiller in 1968 in Wisconsin. Today the company operates out of Oklahoma City providing reefer services nationwide.
Union Pacific is seeking to extend its tests on wheel temperature detectors, but the Transportation Trades Department disagrees with the way UP wants to deploy the technology.
FedEx and FourKites are going global with a partnership that will launch a new supply chain intelligence platform, FourKites X.
Logistics provider DB Schenker will lay off 130 employees from a distribution center in Fort Worth, Texas.
FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.
The air cargo market has lost some steam from 2021 but is still going strong, according to the airline trade group IATA.
FreightWaves’ Net-Zero Carbon show dives into regenerative agriculture and how farming techniques can sequester carbon and improve soil health.
“Ditat has definitely helped us increase cash flow just by making the billing cycle efficient and allowing a one-stop place for our drivers to have the ability to get their dispatch, scan their bills of lading in and then it directly goes into the TMS and we can bill it out the same day.”
AskWaves explains carbon insets, how they may benefit companies and what limits they may have.
G Squared is to provide Transfix with financing and more capital.
Qatar Airways posted record profit and strong cargo business for the fiscal year 2021-22.
Columbus, Indiana is the very definition of a company town. And it owes its vitality to Cummins Inc.
As the economy corrects itself, where does VC stand?
Tampons are in short supply due to supply chain disruptions such as difficulty getting raw materials.
Bailey’s Trucking and its owner were charged with making false representations on an application to receive money through the Paycheck Protection Program.
Following an acquisition that gave ShipX end-to-end e-commerce delivery capabilities, the company is looking to expand its geography.
The feds released a first-time report aimed at developing a clearer picture of autonomous vehicle safety.
Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.
Chain.io has raised $11 million in a funding round to help grow its technology and support base as it seeks to create frictionless supply chain integrations.
A regional NLRB decision says an STG unit in California that had been owned by XPO treated workers like employees, and it has ordered a unionization vote for them.
“Cash flow and back-office support has always been a large part of what we do. Yet there are so many other ways to help small and midsized carriers better compete in the industry, to not only survive tough market conditions but thrive during the better days as well,” said co-founder and CEO Fritz Owens.
DSV has been reported to be interested in acquiring C.H. Robinson’s global forwarding unit for as much as $9 billion.
Shippers and carriers are now managing their operations on a single AI-powered transportation management platform with PCS Software.
TriumphPay improves the payments experience with expedited and secure transactions.
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
