Square posted a 45% increase in revenue, but lower-than-expected bitcoin revenue dampened analysts’ enthusiasm for the Q3 results.
According to the company, Over-the-Road Rating is available for customers now as a web interface under its Visibility Operations center. Project44 plans to make an API-based platform available for the tool by the end of Q4.
The company expects record 2021 earnings and boosts its 2023 bottom line forecast by $700 million, to $9.24 billion.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
Wayfair stock is down in the early hours of trading on Thursday after a lackluster quarter.
Trimble Inc.’s third-quarter revenue and adjusted earnings per share topped analyst expectations in a challenging supply chain environment.
Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.
Yellow Corp. rode a hot freight market and an internal overhaul to positive net income for the first time in several quarters.
The White House has begun monitoring container volume at the ports of Los Angeles and Long Beach to measure progress in clearing supply chain bottlenecks.
Revenue is not the point in TuSimple’s partnership with UPS, which holds the autonomous trucking startup to its third-party shipper standards.
The company’s first reporting quarter post-spinoff could have gone better.
“The deluge of information can lead to processing delays, false detections and erroneous alarms. All this processing noise is what leads lidar systems to behave like distracted drivers,” said Spartan Radar’s founder and CEO on competing technology.
Forward Air announced the acquisition of two Minnesota-based intermodal transportation outfits on Wednesday.
The grant from Emissions Reduction Alberta will help CP convert two more locomotives to hydrogen power and add more hydrogen production and fueling facilities.
Einride has been running its autonomous freight Pods in Europe since 2019, but founder and CEO Robert Falck has high hopes for the company’s entry to the U.S. “It is such a great challenge and I’m really excited. This U.S. freight transportation community is the most competitive in the world,” he said.
Air Canada Cargo has been a strong pandemic performer, but the passenger side of the business is finally beginning to recover.
From merger to business combination in less than four months, self-driving startup Aurora Innovation expects to begin public trading on Thursday.
After becoming adjusted EBITDA-profitable for the first time ever in Q2 2021, Lyft keeps it rolling with another solid quarter.
Company plans to double LTL trailer capacity and add 900 dock doors.
Engine maker Cummins reduces its outlook for the full year amid the supply-constrained inability to meet elevated demands.
Despite beating the Wall Street consensus, Expeditors’ stock declined.
Shipping giant Maersk has transformed itself into a one-stop shop for logistics services and now is growing its airfreight capability.
ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.
“The investments we’ve made to date are paying off. As global supply chains continue to be disrupted, this is creating opportunities for us to become even faster, more agile and more efficient,” said an American Eagle executive in a recent earnings call.
Cybercriminals have attempted to sell network access for multiple shipping and logistics firms, opening the door for devastating ransomware attacks in the global supply chain, a new report warns.
“Noregon has a lot of different opportunities available to us and we could take the company 100 different ways right now. What direction to take is something we feel like the Hearst management team can help us with,” said the founder and CEO of Noregon.
Redeploying drivers to get loads to and from transfer hubs promises huge savings, according to a Ryder System-funded study with Georgia Tech.
ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.
The ports of Los Angeles and Long Beach are turning into makeshift warehouses. Officials hope new fines on lingering cargo will end the practice.
Maersk expands air business after earning more in a single quarter than in any prior full year.
Federal regulators have vastly improved the ability to keep unsafe drivers off the road but the trucking industry is scrambling to make up the shortfall.
TA’s diesel sales figures are a strong indicator of demand for the fuel, and they suggest that the third quarter wasn’t that much stronger than the second.
ArcBest announced Monday that it has closed on the previously announced acquisition of Chicago-based truckload brokerage MoLo Solutions.
The company beats earnings per-share consensus, and posts revenue gains while hiking its full-year outlook.
Governments at the G20 meeting are pulling together to address supply shortages caused by freight transportation backlogs.
Amid global shipping congestion, GEODIS urges importers not to overlook their customs responsibilities.
This week: Lineage Logistics launches Foundation for Good, Trucking Cares Foundation honors Walmart driver and J.B. Hunt wins 12th consecutive award from the EPA.
Underneath the supply chain disruptions and the chip shortage are customers that need Wabtec’s components to improve their rail operations, executives said during the third-quarter earnings call.
The Port of Los Angeles is hoping to scare the freight community into more efficient behavior with big fines for the slow retrieval of containers.
Arkansas-based carrier’s trucking segment posted revenue of $113M and brokerage division posted revenue of $81M in Q3.
The Science Based Targets initiative standard for setting net-zero emissions targets can provide companies with guidance while increasing the credibility of their goals.
Universal Logistics misses third-quarter expectations and said it will look to its customers to address wage inflation and accessorial charges at the ports.
Adam Kahn outlines the benefits of Netradyne’s positive twist on fleet safety management.
In its last quarter as part of Daimler AG, Daimler Truck reported higher unit sales but lower revenue.
TFI International plans to shut down four terminals at the former UPS Freight operation and the CEO signals more to come as the company targets costs.
FreightWaves CEO Craig Fuller describes the current and future opportunities in supply chain technology.
An Inspector General audit has found that data, including fleet records, within FMCSA may not be safe from hackers.
Both reports see debt levels rising initially but with a steady move toward a more reasonable level of coverage.
Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.
Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.
The ports of Los Angeles and Long Beach are turning to heavy-handed tactics to address a container logjam that is gumming up supply chains.
From resource groups to driving electric trucks, learn four ways your company can build a more inclusive environment for women.
Both companies see their financial results weighed down by higher labor costs and operational disruptions due to staffing shortages.
TFI International fails to replicate early herculean improvement at ex-UPS Freight as operating ratio weakens slightly in record third-quarter financial results.
CEO Jassy says Amazon faces billions of dollars in additional costs during the fourth quarter.
Forward Air took an aggressive step Thursday, issuing sizable earnings growth guidance through 2023. Upgrading the freight mix has management confident in the extended outlook.
California and federal officials are partnering to speed up future freight infrastructure investments, as well as reduce delays impacting cargo flows today.
The CEO of Canada trucking giant Mullen Group says the cost of freight in the country is set to press upward amid high demand, tight capacity and the end of wage subsidies.
The CEO of North America’s largest privately held LTL carrier makes a passive investment in the digital freight-matching firm.
Management from Schneider National told analysts on its third-quarter earnings call that current truckload fundamentals should carry through the end of 2021 and well into next year.
The LTL carrier plans on opening 10 to 15 terminals in 2022.
Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.
Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still weigh on the market, Trinity Industries and GATX said during their third-quarter 2021 earnings calls.
Companies stymied by the chip shortage have figured out a way to keep operating while cutting their losses.
“The end goal for our customers is to reduce waste and deliver potent medicine and safe food. We help them do it with data.”
Shopify reported 46% revenue growth but failed to impress investors as it missed Q3 expectations.
A little more than a year ago, Ryder was dealing with too many used vehicles to sell. It is well past that now.
In the disruptive world of autonomous trucking, TuSimple says it has to haul freight to prove the technology works.
Trucking firm Marten Transport discloses it was the victim of a cyberattack that may have exposed employee data after a ransomware gang briefly posted a claim of responsibility.
Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.
Used vehicle sales at the company were strong again.
The freight and supply chain sector is often categorized as “hard to abate” when it comes to greenhouse gas emissions. AskWaves digs into why that is.
Company shoots out the lights in the third quarter with soaring profits and EPS.
Biesterfeld expects the capacity-constrained environment to continue.
“How do we staff appropriately as we experience this hypergrowth? Detroit just made a ton of sense for that,” said BlueGrace’s vice president of logistics operations.
FreightWavesTV and FreightWaves LIVE events debut a new platform tomorrow. Read the details here.
Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.
Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.
UPS boosts its 2021 operating margin guidance to 13%.
By placing all assets on the same platform, fleet managers no longer have to manually track asset location, driver hours of service status, or engine condition.
Descartes Systems Group’s MacroPoint Capacity network adding FreightWaves SONAR’s Lane Score data.
Specialized and flatbed carrier Daseke posted better-than-expected third-quarter results Friday. Management said the company is working on a couple of acquisitions.
Triumph Bancorp CEO Graft revealed the numbers on the new factoring and brokerage companies that have signed up to the processing platform whose capabilities were bolstered earlier this year with the acquisition of HubTran.
Chinese investment scrutiny and SPAC renegotiation suggest going public may not happen for autonomous trucking software maker Plus.
A former FedEx Ground senior manager was sentenced to more than three years in prison for his role in a decadelong stolen-goods scheme.
Union Pacific could’ve handled more intermodal volume in the third quarter were it not for longer chassis dwell times and a shortage of dray drivers, executives said during the company’s earnings call.
Sequentially, tractor growth is positive for the first time in more than a year, a sign the company cites as evidence the Variant initiative is succeeding.
Military truck drivers and $1,000-per-chassis tax credit incentives are part of a slate of recommendations for the commerce secretary to consider to help unclog U.S. ports.
Covenant Logistics Group’s managed freight segment revenue grew 89% year-over-year during the third quarter, to $90 million.
CSX has been aggressively pursuing new employees in order to meet network capacity needs, executives said during the company’s third-quarter earnings call.
We are excited to build out products that free documents and data from legacy workflows and manual processes.
American Airlines is riding the cargo wave, like its competitors, but a challenging passenger environment is holding back its financial performance.
Landstar reports record third-quarter results and calls for a similar performance in the fourth and potentially beyond.
Slowdowns and stoppages likely to continue as supply chain disruptions plague heavy-duty truck production.
It’s an upside-down world when an airline makes more money flying less cargo than it did two years ago.
Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.
The railway is working with customers and steamship lines to find opportunities to divert traffic from Los Angeles and Long Beach, executives said during CP’s third-quarter 2021 earnings call.
Trucking companies, logistics firms and suppliers may be left in a lurch after an auto parts supplier filed bankruptcy after losing GM as a client.
A look at how Knight-Swift Transportation blew past third-quarter expectations and raised its full-year guidance.
Aurora Innovation and Embark Trucks will soon join TuSimple Holdings as stocks betting on the future of driverless trucks.
