Outrider is adding autonomously precise backing of trailers to the dock to its range of driverless services in distribution yards.
The Variant initiative is not yet showing signs of turning the company around.
The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.
In its earnings report for Q4 2021 and FY2021, Uber revealed that its delivery segment once again brought in more revenue than its core mobility business.
“What Leaf is doing — building a highly connected and forward-looking view of the industry from the ground up — just can’t be done by incumbents operating within the existing constructs of the industry,” says partner at Sozo Ventures.
COVID container boom continues: Maersk may earn even more this year than in record-trouncing 2021.
Nearly 420 trucking and logistics companies are collectively owed millions of dollars after a California oil distributor ceased operations and filed Chapter 7.
Trimble expects organic revenue growth in 2022, despite the ongoing impact of constrained supply chains across the global economy.
Near-space vehicle producer Destinus just secured $29 million to build out its autonomous, hydrogen-powered hypersonic cargo plane.
Truckload capacity management platform Parade plans to grow its team, expand its capabilities and add third-party partners to increase its value to customers.
Record earnings per share of $2.48 beat analysts’ estimates.
A.P. Moller – Maersk announced the $1.8 billion acquisition of U.S. forwarder Pilot Freight Services. The deal is the company’s latest move in building out a land-based logistics network.
Parsyl closes on $25 million series B while currently monitoring vaccine shipments for 200 million people across 80 countries.
Donald Trump claimed his trade war got the Chinese to bend to U.S. will. But the “historic” trade deal he negotiated didn’t turn out so well.
The current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.
Self-driving technology startup Waabi has introduced its Waabi World simulator, a technology that company founder Raquel Urtasun said is able to “teach” autonomous vehicles how to drive in a safer manner.
High scrapping rates and aging fleets provide support for railcar manufacturing as the company anticipates 2022 financial results that won’t be “obscured by restructuring activities.”
The ride-hailing giant has struggled to turn a profit over the years, but that finally changed in 2021.
“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.
XPO Logistics has issued 2022 guidance and vows to fully right the LTL segment’s operating ratio by midyear.
TForce Freight pickup and delivery drivers will be driving less and taking on more freight as TFI International pushes efficiency in its U.S. LTL operation, says TFI’s CEO.
With experience from J.B. Hunt, Penske Logistics and Transplace, Mark McEntire looks forward to his new role at procurement and logistics platform Emerge.
The U.S. Postal Service reported a widening net loss in the fiscal 2022 first quarter due to higher compensation and benefits costs. Transport costs rose 9% due to higher fuel expenses.
Embark Trucks’ connection with Knight-Swift will lead to the installation of high-autonomy software by the end of 2022.
Leverage is an AI-powered cloud platform giving logistics providers real-time purchase order visibility.
Via.Delivery has found that 18% of U.S. consumers use buy-online, pick-up-anywhere services when offered at checkout.
Rishi joined the supply chain SaaS company in 2017.
The owner of a Wisconsin fuel company admitted he defrauded investors out of nearly $6.3 million over a two-year period.
No. 7 on FreightWaves’ 2022 FreightTech 25 is landing $935 million in a series E round led by Andreessen Horowitz and MSD Partners.
“Efficiency is the place to start. Look for opportunities to collaborate,” said Ryan Purcell, senior director of supply chain, global health and development at Coupa Software.
Navistar’s new CEO aligns with parent Traton Group in declaring batteries will be the ultimate solution to zero-emission transportation.
USA Truck beats fourth-quarter expectations and plans to grow revenue through expanding capacity east of Interstate 35 and doubling logistics business.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Swissport, a company that gets your luggage on and off a plane for partner airlines, is fending off a ransomware attack.
The LTL carrier has ambitious plans for growing its footprint over the next two years.
“There is an urgent demand for new and innovative ways to increase visibility and efficiencies in the supply chain and improve driver experience, and this investment from our new and existing partners is going to power us to fill that need,” says Platform Science co-founder and CEO Jack Kennedy.
Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.
USA Truck Inc. rode a robust freight and pricing market to revenue of $200.9 million and earnings per share of $1.38 during the fourth quarter.
Shares soar 18% in after-hours trading as investors hail fourth-quarter performance.
“A complete transition to ZET technology would not only help mitigate the impacts of climate change and poor air quality but could eventually lower total cost of ownership for fleets and create job growth in the U.S.,” the report said.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
Supply chain challenges and higher material costs dented profits, but Cummins Inc. posted record revenues in 2021.
The truckload carrier’s OR is one of the best in the industry but it’s being done on a smaller base of business.
Less-than-truckload carrier Yellow Corp. reported better-than-expected adjusted fourth-quarter results Wednesday after the market closed.
Capacity must expand by 15% just to keep up with normal inventory levels and build resilient operations, the company’s research arm says.
Wabash retires its legacy brands to focus on the company name as its swollen backlog all but closes 2022 order books except for multiyear purchases.
Barring an economic downturn, U.S. demand could still be squeezing ports a year from now.
RLS Logistics builds out its national cold storage network with two acquisitions.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
Pitney Bowes’ Nita Lathia becomes head of marketplaces for Passport.
“We’re not looking to replace trains. We’re looking to augment trains with a system that is trying to be competitive as an alternative to trucks,” said Matt Soule, co-founder and CEO at Parallel Systems.
Saia’s operating ratio was up more than 500 basis points in Q4 2021 compared to the final quarter of 2020.
Despite strong revenue growth, freight broker productivity fell sharply.
TuSimple advances its commercialization timetable for driverless trucking and adds intermodal freight for Union Pacific at the Port of Tucson in Arizona.
Bottlenecks and a lack of transportation capacity led many retailers to order extra merchandise in the fall. Inventories are now piling up at points along the supply chain for some companies because they still can’t find the transportation to move the goods, a supply chain survey finds.
UPS posted its best quarterly operating profit in its history. It also declared a 49% dividend increase.
Computer glitches are being blamed for the delay of the Project Infinity rollout that some fear could break up long-standing relationships with carriers.
RenoRun, a last-mile delivery provider of building and construction materials, has raised $142 million in a series B round and announced its expansion to Washington, D.C.
ArcBest raised long-term expectations Tuesday in conjunction with its fourth-quarter results, which were better than expected. The company now eyes doubling its size by 2025.
Daimler Truck North America and two partners plan to spend $650 million to build public electric charging for medium- and heavy-duty trucks.
Forager founder and CEO Matt Silver will continue to work closely with his team as Arrive’s vice president of cross-border solutions.
ArcBest on Tuesday reported fourth-quarter results, which once again outpaced analysts’ expectations.
Chicago-based on-demand freight marketplace closes on $200 million series D round.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
E-commerce is becoming an increasing area of focus for some ocean carriers.
J.B. Hunt Transport acquires less-than-truckload furniture carrier Zenith Freight Lines from Bassett Furniture.
“I do believe that companies can make this profitable for themselves,” said Zsofia Agnes Nagy, supply chain adviser at BZLW Consulting.
The FTC wants to know if large corporations are engaging in anticompetitive supply chain practices.
Truckload operator Werner Enterprises is an early evaluator of the latest powertrain technologies, including a hydrogen-powered Cummins engine.
Decades of discord over employee benefit cuts at Navistar could end soon with a $742 million settlement.
A federal grand jury indicted two former trucking employees of Roadrunner Temperature Controlled, alleging the pair orchestrated a scheme to steal nearly $113,000.
Volvo Trucks pulled out the stops to deliver in Q4, but it cost extra for expedited shipping and to navigate parts shortages.
A Mexican government crackdown has shifted volumes of refined products to truck instead of rail. But KCS hopes for that traffic to return to rail, according to executives.
Any concessions that CP would consider as it seeks federal approval to merge with Kansas City Southern must be “reasonable” and grounded in supporting competition, CP said during its fourth-quarter 2021 earnings call late Thursday.
Centerboard’s newest API solutions are designed to provide customizable integration for shippers and technology providers.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Covenant Logistics Group said revenue for the second half of 2022 could be impacted by wage pressures and higher equipment and over-the-road repair costs.
Conversational analytics tool Athena received the 2021 Cool Vendor in Analytics and Data Science award from Gartner.
The Chattanooga, Tennessee-based truckload carrier said the outlook is for continued operational progress during 2022.
Freight broker Landstar closes 2021 with another beat-and-raise quarter. Demand has yet to buck normal seasonal trends, indicating the first quarter will be strong as well.
NS plans to roll out an operations program that will progress beyond precision scheduled railroading, according to executives speaking on NS’ fourth-quarter 2021 earnings call.
The DHL unit is the first commercial customer of Boston Dynamics’ Stretch robots.
Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.
Canadian railway CN eyes volume growth from vaccine mandates and grain, and it expects higher volumes in the second half of 2022.
Every region except the Southwest moved less volume than in Q3.
“We are finding that if we can focus heavily on the customer experience, we can deliver tremendous value to our customers and that’s what it’s all about,” says Logixboard CEO Julian Alvarez.
Tula Technology’s engine controls could clear a major hurdle for trucking companies facing tougher emissions rules.
The railcar leasing market for 2022 feels more solid than past years, executives said Tuesday during GATX’s fourth-quarter 2021 earnings call.
Less-than-truckload carrier Saia announced a 7.5% general rate increase Tuesday. The carrier was the latest to announce rate hikes greater than the normal mid-single-digit increases.
Marten’s labor and purchased transportation costs were higher in 2021 but were more than offset by rising revenue.
The roads are mostly mapped for TuSimple to drive autonomously in Texas. Now it is up to commercial property developers to get ready.
Management from the nation’s largest flatbed operator, Daseke, says the demand backlog extends for “the foreseeable future.”
The owner of an Iowa trucking company was sentenced to 21 months in federal prison for his role in a seven-year, $1.4 million payroll tax scheme.
Paccar Q4 new truck deliveries were up 45% over Q3, suggesting some easing of supply chain disruptions and semiconductor shortages.
With its foundation in place, Gatik looks to accelerate middle-mile autonomous deliveries across North America.
In the aftermath of Central Freight Lines’ abrupt closure five weeks ago, many of the company’s 2,100 employees, including 1,325 truck drivers, are struggling with paycheck concerns and questions about when or if they will receive vacation pay and unemployment benefits, while others claim they were subjected to unsafe working conditions at the company’s headquarters in Waco, Texas.
Germany’s Wingcopter struck a deal with aerial medical services company Spright to deliver medical supplies to underserved areas of the U.S. via drone.
Zero-percent factoring will be able to provide relationships and data that can be used as a foundation for other trucking support businesses, according to BasicBlock’s CEO.
“We decided this rebrand was right for us now because we knew people tend to think of us based on what our business did when they met us or based on what service they hired us for. We’re so much more now and wanted our name and brand to represent that.” says CEO Peter Rentschler.
According to Deloitte’s 2022 Retail Industry Outlook, supply chain automation and voice-enabled commerce are top of mind for retailers.
