Business

Digital freight platform Hwy Haul aims to reduce food waste during transportation.

“The time is right for a seismic shift online in the world of open deck shipping. Thanks to its shipper TMS solution, internal TMS and carrier management portal, we feel EXO Freight is poised to fundamentally improve the economics and quality of life for open deck carriers and their drivers,” said Dan Ahrens, managing partner at Left Lane Capital.

Autonomous technology company Gatik will expand operations in Kansas.

With concerns over freight markets heating up, the U.S. Chamber of Commerce is staking out its priorities.

Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.

CMA CGM is a dominant ocean freight carrier that is rapidly growing in air cargo. A tie-up with Air France-KLM will accelerate that expansion.

Third-party logistics provider Fox Logistics announced it has acquired Boxton’s automated freight platform.

FreightWaves founder and CEO Craig Fuller analyzes changes taking place in global supply chains.

Target Corp. reported Q1 2022 earnings before the bell Wednesday, turning in weaker-than-expected numbers.

Electric work truck startup Atlis Motor Vehicles has crowdfunded $32.6 million from nearly 29,000 investors as it readies a public offering.

Restrictive trade policies are contributing to the nationwide shortage of infant formula because products can’t be easily substituted from abroad.

The company blames a faster-than-expected rise in costs during the second half of the quarter.

Attracting younger workers to trucking companies means investing in technology that eases wait times and routing and improves communications, experts said.

FreightWaves founder and CEO Craig Fuller lays out the premise of Freedom Trade.

A California trucking and logistics company, which contracts with the U.S. Postal Service to haul mail, recently filed for Chapter 11 bankruptcy protection.

Unit could fetch $400 million to $600 million, according to a report independently confirmed.

This week: Trailer Bridge and ATS International donate to Habitat for Humanity of Puerto Rico, UPS makes $38,000 in donations to Down Syndrome Alabama and MSC moves Operation Smile medical supplies.

Ryder System is facing a possible hostile takeover bid, and looming is the question of whether the company is worth more apart than together.

Chattanooga-based U.S. Xpress announced Thursday that it is cutting 5% of its corporate workforce in an effort to slash costs a week after the truckload carrier reported losing more than $8.9 million in the first quarter.

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.