Business

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.

In a quarterly earnings call, outgoing CEO JJ Ruest insists CN’s board of directors will conduct an extensive search for his successor. An activist investor is seeking to install its own CEO choice.

U.S. Bank’s Spend Index does include the price of fuel, which has helped to drive it higher.

Overlapping crises have pushed the race for global visibility into a critical stage.

The global supply chain visibility platform is seeking to take some pressure off carriers at the ports with more precise ETAs.

“Flock Freight is the only company that offers guaranteed hubless shared truckload service, and this additional investment adds more fuel to our sustained triple-digit growth,” said Oren Zaslansky, CEO and founder of Flock Freight.

With other truckload carriers coming in at a sub-80% OR, Marten’s ratio for truckload improved just 40 bps.

The railroad won’t give new guidance because of uncertainties surrounding chip shortages and events in Mexico creating limited visibility.

Former trucking school execs Robert Waggoner and Emmit Marshall were sentenced for bilking the U.S. Department of Veterans Affairs out of nearly $4.2 million.

The winning attorney doesn’t think the award is big enough to constitute a nuclear verdict.

Brandon Buckley joins FreightWaves NOW to explain how fleets can prioritize safety without causing turnover.

Instacart’s partnering stores will now have access to smart carts and smart checkout counters from Caper AI.

“At Uber, we get to build on the shoulders of giants,” said Val Marchevsky, Uber Freight’s new head of logistics tech.

Carriers have overcome notable cost inflation and disruption to post better-than-expected results so far in the third-quarter earnings season.

Ryder has made an investment in and offered vehicles on lease to autonomous technology company Gatik to speed middle-mile autonomous deliveries.

The Biden administration is pushing industry to take immediate and long-term steps to get ports and intermodal transport working smoothly.

The two contracts the Teamsters signed with XPO are the highlights of the union’s last few months.

As freight congestion weakens transportation links, AskWaves looks at potential federal funding options for supporting a move to 24/7 operations.

Shares of J.B. Hunt Transport Services jumped 10% Friday as the company navigated supply chain challenges during the third quarter to beat analysts’ forecasts.

Stockholm-based TrusTrace plans to use the capital to expand globally, enhance product development and “continue leveraging cutting-edge technology and the best minds in the industry to achieve positive, restorative change for people and the planet,” said Shameek Ghosh, CEO and co-founder.

J.B. Hunt Transport Services sidesteps disruption throughout the transportation network to beat analysts’ forecasts.

With business booming, the logistics warehouse titan reports better-than-expected results and raises full-year estimates.

P.A.M. Transportation Services sees earnings surge during the third quarter even as supply chain disruption accelerates.

A top Biden administration official believes securing data among supply chain competitors will be the key to rolling out a nationwide 24/7 strategy.

With the help of its 3PL customers, project44 was able to create its tool to help fight the capacity shortages and transit delays plaguing many logistics providers today.

Heartland Express beats expectations in the third quarter with the help from gains on sale.

Vendorflow has attracted investment from industry leaders with project44, Flock Freight, Best Bay Logistics and NEXT Trucking.

The Bureau of Labor Statistics reported that distribution and logistics employment from 2019 to 2022 is expected to grow almost 30%.

With 14,200 reservations for its autonomous trucking software, Embark Trucks predicts it will surpass the first-year revenue target.

The Teamsters backed the actions and praised the “brave” drivers; the court suggested XPO might have had a strong case.

Delta Air Lines’ recovery from the pandemic hit a high note in the third quarter.

“Over the past decade, we’ve seen the industry shift from pen and paper to on-premise systems to using modern software,” says Rose Rocket’s co-founder.

Waymo autonomous truck engineering lead Boris Sofman makes the case that a decade of self-driving car efforts blazed the path to driverless trucks.

Ryder System is closing its operations in Tracy, California, where the company operated a distribution center for PepsiCo.

As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.

Tri-State Expedited announced it has been acquired by its senior management team.

“I am a firm believer that what gets measured gets accomplished,” says LaQuenta Jacobs on developing diversity, equity and inclusion programs within a public company.

“We look forward to integrating their state-of-the-art facilities and diverse services so we can better serve our customers in Europe and around the world,” said Lineage’s senior vice president for Europe.

Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.

With upward adjustments in July and August figures, the gains recorded in September were already coming from a higher base than what earlier had been recorded.

Biden’s port czar outlines a 90-day plan to expand operating hours along the U.S. supply chain.

Lidar startups are selling their wares to autonomous vehicles and other businesses, hedging their bets to survive in an overpopulated field.

Truck manufacturer Navistar faces a data breach lawsuit after disclosing that sensitive information about 49,000 people may have been exposed in hack.

The German titan reports solid performances from its Express, Forwarding, Supply Chain and eCommerce units

Yes, despite the headaches, the ocean carriers are making boatloads of money.

Some 1,500 supply chain professionals met at FourKites Visibility 2021 to discuss the present and future of visibility in supply chains.

Boyle Transportation has been acquired for $80 million by a Canadian health care supply chain management company.

With an automated system that intuitively manages returns, warehouses that face labor shortages can strategically utilize their employees.

AskWaves talks with an expert to learn how the Global Logistics Emissions Council provides a single framework for supply chains around the world to track emissions.

The Transportation Security Administration will begin requiring U.S. air and rail operators to report cybersecurity incidents under new directives, the Department of Homeland Security secretary says.

A Democrat-led committee investigating Yellow’s $700 million Treasury loan suggests the Trump administration was involved in the approval process.

More than 220 of the most innovative freight companies were nominated. Those were narrowed down to the top 100.

The ongoing supply chain crisis and lack of seafarers is leading to a global shortage of key commodities, Salvatore R. Mercogliano, an associate professor of history at Campbell University, told FreightWaves’ Anthony Smith at the virtual OceanWaves Summit on Wednesday.

By 2030, truck manufacturing executives expect $465 billion of annual revenue will likely switch from sales to aftermarket services for fleet management, automation tools, data security, privacy and enhanced driver features.

An owner-operator lawsuit fails to convince a federal appeals court that FMCSA acts as a consumer reporting agency.

The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.

Observers are left to speculate why the Supreme Court offered no opinion.

Third-party logistics provider Unique Logistics filed for a public offering, which is expected to raise at least $35.5 million in net proceeds.

Transportation capacity continues to contract at a record pace with rates climbing to historical levels, according to the September Logistics Managers’ Index.

The platform, now known as WIN, by Centerboard, provides shippers affordable access to priority transportation management features for efficient outcomes.

The co-founder said many of his current investors called Uber and other marketplaces to discuss their flatbed capabilities but were told that “they did not intend to make that a core focus.”

Samsara’s newest features to its driver app will allow companies to create full-day workflows for fleet drivers.

Congress passes a short-term funding extension for highway projects as infrastructure investment uncertainty grows.

EKA Solutions Inc, an industry-leading provider of cloud-based integrated freight management ecosystem for carriers, brokers and shippers, announced that it is now offering FreightWaves SONAR freight lane and market trends […]

FreightWaves founder and CEO Craig Fuller analyzes inflation in the supply chain.

Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.

Amazon’s Jeff Bezos increases investment in U.K.-based supply chain platform Beacon and confirms rumors of investment in Singapore-based e-commerce platform Ula.

The recruiting and retention platform takes on a new investor.

The sole, unidentified backer of the safety tech startup was inspired by a crash involving distracted driving.

Amazon-backed EV maker Rivian makes big news with a public stock offer and beating its rivals to market with the first-ever electric pickup, the R1T.

QX Logistix said it is closing four facilities in California, and CEVA Logistics announced it is laying off 87 employees at a Dallas-area location.

A bench trial resulted in an award of more than $27 million.

Shot in the dark, but a $5,000 timeout for $230,000 in pay withheld from workers making as little as $3.38 an hour could prove a suboptimal deterrent.

Truck Talk is a weekly FreightWaves newsletter providing perspec on autonomous, electrification and other key issues in the trucking ecosystem.

Nine months after a ransomware attack on Forward Air, the company has notified current and former employees that sensitive personal information may have been exposed.

In April, dltledgers announced it had successfully applied this technology to a $12 million trade transaction with global food companies Cargill and the first large firm on its platform, Agrocorp.

ArcBest’s acquisition of truckload broker MoLo Solutions accompanies an announcement of strong third-quarter results for its LTL segment.

Five of 16 challenges to removing the driver from Embark’s high-autonomy truck remain, but a ride-along shows how much the startup has already mastered.

A pair of lawyers tell a TCA audience that taking steps early can help in later litigation.