After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.
The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Alabama.
Trucking and marijuana use was the background issue in arguments before the U.S. Supreme Court this week regarding a driver who was dismissed for failing a THC test even though he hadn’t used marijuana.
CSX faces more than $200 million in reconstruction costs as a result of Hurricanes Helene and Milton, and the income impacts of the storms will be felt in both the third and fourth quarters.
The TriumphPay payments network turned in a positive EBITDA performance in Q3, a key benchmark for the company.
CSX Corp. reported third-quarter operating income of $1.35 billion with net earnings of $894 million, or 46 cents per diluted share, in financial results announced Wednesday.
Nick Persin, director of strategic partnerships for FreightWaves SONAR, spoke with Dylan Alperin, VP of professional services at Keelvar, during the October Webinar about delivering SONAR’s truckload datasets to the Keelvar platform.
Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.
Backers of California’s AB5 independent contractor law have scored a fresh victory after the U.S. Supreme Court declined to review the Postmates/Uber case.
Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”
J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.
J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.
Boeing’s striking machinists are not currently expected to be the target of job cuts by the company, according to an internal presentation obtained by The Seattle Times.
The first-ever Freight Fraud Awareness Day, taking place on Tuesday, aims to unite the supply chain community in tackling schemes like double brokering and cargo theft, which have seen a 400% rise since 2022.
Supply chain software provider Descartes said Monday it has acquired omnichannel e-commerce platform Sellercloud in a deal that could total $130 million.
Motive has announced a first-of-its-kind service that expedites the emergency response of first responders to drivers of commercial vehicles involved in wrecks.
More than 86% of U.S. healthcare providers across the country are currently experiencing IV fluids shortages in the aftermath of Hurricane Helene, sparking a discussion on nearshoring America’s medical manufacturing.
Nikola lays of 135 workers as it seeks to preserve its financial runway.
Air Canada pilots voted in favor of a new collective bargaining agreement Thursday that includes several pay increases and quality-of-life improvements. Described as the airline’s largest-ever labor contract, the deal moves pilot compensation more in line with that of their U.S. peers.
A tough earnings report at supply chain software provider E2open was greeted with a big sell-off on Wall Street.
Freight coordination platform Cartage has raised $3.3 million in a funding round led by Y Combinator. The company, founded by industry veterans, is using AI to streamline logistics without forcing brokers, shippers or carriers to change their preferred communication methods.
Boeing announced it has withdrawn its contract offer to striking machinists union workers as it considers “next steps.”
Extreme weather and other disruptions have stressed supply chains worldwide, but as a Category 4 hurricane barrels toward Port Tampa Bay and possibly other major ports, things are likely to get worse.
Two members of Congress have introduced legislation to place railroad yardmasters under the same hours-of-service regulations that cover workers such as train crew members and dispatchers.
Dennis Lane, head of revenue at CargoWise Landside, joined Craig Fuller to talk about recent trends and technology impacting the drayage industry.
Hub Group announced a joint venture with Mexico’s largest intermodal carrier, EASO.
A demand spike in truckload markets can leave independent drivers particularly vulnerable to fraud and theft.
In this edition: TIA releases its ‘State of Fraud’ report and Forward Air remains chaotic.
Former Amazon and Flexport executive Dave Clark has launched Auger, a $100 million-backed logistics software startup aimed at optimizing supply chain decision-making for midsize to large businesses by using AI and automation.
Over 600 layoffs hit freight-related companies in California, Illinois and New York, with the businesses citing loss of customers and an acquisition as reasons for the cuts.
NFI CEO Sidney Brown has filed a motion asking a judge to dismiss his criminal indictment stemming from a New Jersey real estate dispute.
Here are a few tips to keep in mind for fleets considering to haul a load for FEMA or any other disaster relief project
Investment firm Alta Fox has joined some of Forward Air’s other investors that are calling on the expedited trucking company to consider a sale following its controversial acquisition of Omni Logistics.
With scammers getting more sophisticated in compromising the security of cargo or a carrier’s sensitive information, brokers need access to the best technology available to help them efficiently deploy best-practice processes in their fight against fraud.
With a focus on charger reliability, accessibility and user experience, Charli 2.0 introduces one-tap charging, real-time station availability and installation solutions.
Xiaodi Hou was cast as a villain in the decline into irrelevance of autonomous trucking developer TuSimple. He sees it differently.
A second front will be opened in the legal battle over whether Amazon is a joint employer of drivers along with its delivery service partners.
A Wyoming trucking company owner is facing an Equal Employment Opportunity Commission lawsuit alleging that he sexually harassed multiple female employees.
Gov. Ron DeSantis said Thursday he will deploy the Florida National Guard and Florida State Guard to ports affected by the International Longshoremen’s Association strike.
The International Longshoremen’s Association port strike has made headlines this week as a major disruption in supply chains across the East and Gulf coasts, and FreightWaves has compiled a boatload of information to address frequently asked questions about the situation.
Startup carrier Global Crossing Airlines is partnering with FreightTech startup Airblox to start a nonstop freighter service between Chicago and Puerto Rico.
Flexport, a global supply chain solutions provider, is reducing its headcount by 2% as part of a reorganization aimed at helping the company drive profitability.
Switzerland-based DSV added to its stable of logistics providers, buying Schenker from the debt-laden German national railway.
The International Longshoremen’s Association donated $100,000 to the American Red Cross’ Hurricane Helene Relief fund on Wednesday.
J.B. Hunt and UP.Labs aim to invest in six startups over the next three years.
Numerous factors are impacting the supply chain in a way that could make peak season difficult for shippers and carriers alike.
The Boeing Co. has cut health care coverage for 33,000 of its workers and their families as machinists union strikes continue to halt production in the Pacific Northwest.
As cybercriminals evolve, companies must adopt cutting-edge defense strategies to protect their operations from significant financial and reputational damage.
Another executive at Polar Air Cargo has been sentenced to prison for defrauding the company for more than a decade.
Reports of panic-buying at supermarkets began spreading across social media Tuesday as a union dockworker strike got underway at East and Gulf Coast ports.
Pilot Travel Centers got a two-notch upward bump in its debt rating from Moody’s.
Wing delivery drones will soon collect orders from Serve Robotics’ autonomous sidewalk robots, forming an autonomous, multimodal delivery network.
Link Logistics has been able to create a technological solution that cuts to the heart of the industry’s traditional challenges while also empowering customers.
Union dockworkers began striking against employers at ports across the U.S. East and Gulf coasts early Tuesday morning.
With a focus on education, technology and partnerships, MIG seeks to transform how small carriers navigate insurance decisions.
Global supply chain security could tighten dramatically after Hezbollah pagers and walkie-talkies were turned into miniature bombs.
NFI CEO Sidney Brown and other defendants in the criminal case related to the Camden, New Jersey, waterfront redevelopment have moved for dismissal.
Barring last-minute developments, the International Longshoremen’s Association said it plans to follow through on plans to strike at ports throughout the East and Gulf Coasts and bring container and ro-ro handling to a standstill.
From the White House on down, everyone has different strategies and different expectations when it comes to the port labor dispute.
An uptick in bad actors targeting trucks has raised concerns about the security of the de facto security protocol known as seed-key exchange.
Its big deal with Platform Science announced, Trimble’s transportation segment is touting upgrades and new products.
Digital freight broker Next Trucking and sister trucking company Next Freight Solutions may close after furloughing most of their remaining employees and drivers, according to sources familiar with the situation.
A Wednesday court filing showed bankrupt Yellow Corp. will begin accepting indications of interest for its remaining terminals next week with the hope of closing the property sales in January.
A high-level executive at a prominent air cargo company was sentenced to prison for defrauding the company.
S&P gave a thumbs-up to the credit metrics at RXO after the company set two deals to fund the Coyote Logistics acquisition.
U.S. Transportation Secretary Pete Buttigieg and acting Department of Labor Secretary Julie Su sent a letter Wednesday urging CEOs of three Class I freight railroads to guarantee paid sick leave for all their employees.
Freighter operator Western Global Airlines will pay $85,000 in backpay to female workers to comply with federal rules.
Third-party logistics provider HTL Freight announced it has acquired CTS Logistics.
A deal between Relay Payments and Love’s Travel Stops means the payments provider will cover about 75% of the diesel market.
Freight factoring platform Outgo said a recent $15 million funding round has allowed it to ramp funding speeds to carriers.
The families of those who died in the Francis Scott Key Bridge collapse in Baltimore have filed wrongful death claims in federal court against the owner and operator of the container ship Dali.
Negotiators for striking machinists and aerospace workers say Boeing’s final contract offer will not be presented to union members for a vote.
A decertification effort by a small group of unionized workers at a Werner unit in New Jersey has ousted the United Food & Commercial Workers union a year after it was certified.
EVO Transportation & Energy Services has acquired West Side Transport, expanding its geographic footprint and enhancing service offerings.
Typhoons this year have ravaged areas in Asia, home to some of the busiest ports for global supply chains. Billions of dollars in damage has occurred across industries, especially agriculture.
The impact of the possible ILA strike is already starting to become visible in the U.S. What is likely to happen if a strike does occur?
Container management software provider Gnosis Freight announced it has accepted a strategic capital investment from Vista Equity Partners.
The basic per diem rate allowed by the IRS for payments to transportation workers is rising by $11 in fiscal year 2025.
FreightWaves has unveiled its 2025 FreightTech 100 list, spotlighting tech-forward companies that have best navigated a turbulent year.
A new White House effort to reduce the amount of online orders from China that enter the country duty free isn’t likely to interrupt the Shein and Temu business, but could have ramifications for U.S. consumers and retailers.
Cargado CEO and cofounder Matt Silver announced Monday a first-of-its-kind invite-only load board for cross-border Mexico freight.
Brian Bryant, International Association of Machinists and Aerospace Workers international president, joined picket lines this week as some 33,000 Boeing workers went on strike in the Pacific Northwest.
The White House is getting pressure from Congress to relieve tension on the waterfront after Biden pledged not to get involved.
A Transportation Intermediaries Association report says the freight industry is “under siege” from fraud and must evolve to fight the ballooning problem.
As BNSF Railway, CSX and Norfolk Southern continue to sign tentative contract agreements with their labor unions well in advance of the start of national negotiations, one U.S. Class I railroad has been conspicuously absent: Union Pacific.
Marten Transport cited the weak freight market in reducing the salaries of six top executives. The executives’ 2023 salaries ranged from $267,000 to about $811,000.
A challenging parcel environment led to disappointing first-quarter results for FedEx.
Trimble’s 2024 Insight Tech Conference + Expo in Las Vegas drew more than 1,500 attendees from across the transportation industry.
Technology alone is not enough to retain drivers, according to a panel at Trimble’s technology conference Insight. Human intervention still matters.
Paxafe’s Ilya Preston discussed reducing food waste, cutting emissions and more during the keynote discussion at FreightWaves’ Net Zero Carbon Summit on Wednesday.
While there is debate over whether Section 321 of the Trade Facilitation and Trade Enforcement Act helps the U.S. or gives foreign companies an unfair advantage, the provision will likely come out changed on the other side of the election.
Diesel-turned-electric truck driver AJ Savas shares the experience of driving an alternative fuel vehicle with FreightWaves reporter Kaylee Nix.
Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.
Continued robust demand for container shipping services could help balance supply and demand, the world’s second-largest vessel operator said, easing strains despite disruptions across the global supply chain.
Jason Massey, CEO of Ndustrial, an AI-powered energy intensity platform for the $60B industrial market, and FreightWaves group lead Brielle Jaekel will discuss the cold chain challenges that are contributing to the industrial market’s high energy usage including transportation costs, Scope 3 emissions, and coincident peaks.
The U.S. Department of Justice on Wednesday filed a federal suit against the owner and operator of the Dali, the container ship that struck the Francis Scott Key Bridge, causing it to collapse.
Evigence’s Oria Malka speaks on how technology helps the cold chain limit emissions and improve shelf life.
Two days after announcing a hiring freeze, Boeing has notified employees it will be moving forward with furloughs over the coming days due to the aerospace workers strike.
Port of Indiana-Burns Harbor on Lake Michigan increases rail capacity by 250 cars and adds hundreds of feet of new dock for expanded all-water cargoes.
Sami Khan, co-founder and CEO of Nevoya, shares insights with FreightWaves Deputy Editor Brielle Jaekel to dispel myths around electric vehicles.
