Canada Border Service Agency employees have ended a day-long work-to-rule strike after reaching a tentative agreement with the Canadian government.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
Temperature-controlled warehouse operator Americold pulled in its 2021 outlook, citing labor-related food manufacturing limitations within its customer base.
The PPI for the truck transportation sector, after a huge jump April to May, slowed between the next two months.
Trucking, logistics and airfreight companies are collectively owed hundreds of thousands of dollars after a Texas freight forwarder filed Chapter 11 bankruptcy earlier this week.
Truck Talk is a weekly newsletter that seeks to bring perspective and context to industry news.
Air Transport Services Group is like a Swiss Army knife. It flies cargo and passenger planes for other airlines, leases aircraft, does aircraft maintenance and freighter conversions, and provides ground handling. It’s all clicking for the bottom line.
Also on the podcast: The investment drought in oil setting the table for higher prices
Growth was also seen further in the logistics supply chain, with warehouse and courier jobs also rising.
TuSimple is sitting on $1.5 billion in cash as it ramps up hiring and expands its autonomous freight network.
Richard Trumka insisted that the economy depends on getting an infrastructure bill passed.
Atlas Air is keeping eight jumbo jets by buying them from leasing companies. It doesn’t want to turn them in because it would have fewer assets available to meet customer demand.
The company says it is on track to hit record earnings this year.
The earnings report is for a 3-month period with no impact from the big Transplace acquisition announced in July.
Yellow says it is making progress toward its unified transport network strategy.
Trimble’s Q2 revenue totaled $945 million, up 29% year-over-year.
The Department of Energy’s Earthshots Initiative is allocating $52.5 million for clean hydrogen R&D.
Autonomous trucks without human drivers are still years away, but Plus shows what is possible on an open road in China.
Fleetcor is “finally moving past [its] pre-pandemic baseline,” Chairman and CEO Ron Clarke said during the earnings call.
Lawmakers use Trump-era reforms in the infrastructure bill to attract Republican support.
The union representing nearly 9,000 Canada Border Services Agency personnel warns of slowdowns at Canada’s ports of entry starting Friday as it issues a strike notice.
The Chaparral has a set of applications for national defense, including dust-off operations; casualty evacuation; and intelligence, surveillance and reconnaissance.
DHL Express has joined UPS in placing orders for all-electric cargo aircraft.
“There was an immediate synergy,” said AIT Worldwide Logistics’ CIO of the acquired companies’ culture.
Expeditors is a rare logistics “dividend aristocrat,” with dividend increases of 25 years or more. It is keeping that intact in 2021.
XPO Logistics said it will be closing a distribution center in San Antonio.
Kraft Heinz earns its place as a Shipper of Choice for the third year in a row as the food and beverage producer gains carriers’ respect through consistency and collaborative relationships while investing in making facilities more efficient.
Cummins beat analysts’ Q2 estimates on the top and bottom lines as it looks into making its filtration business a stand-alone entity.
The latest guilty plea brings the total to 26, with four of them in just the past seven weeks.
The Texas-based flatbed and specialized carrier raises 2021 full-year guidance for revenue of up to $1.6 billion.
Confident that the indictment of founder Trevor Milton won’t lead to legal trouble, Nikola focuses on supply challenges.
ENERGY’s customers now have access to a personalized web portal, which provides real-time data on inventory levels.
The long time board member had been interim chief since early this year
14% of carriers polled said they don’t understand what a 3G sunset means for their fleets.
Diesel sales were up 21.2% from last year, but were less profitable on a per-gallon basis
Container giant earned $5.1 billion in the second quarter and expects earnings of $18 billion-$19.5 billion for the year.
“The acquisition of RJ’s further expands the reach of A&R’s liquid platform into strategic geographies and allows our team to continue meeting the needs of our customers across the supply chain.”
A 3-judge panel was ready to rule on the carrier’s appeal, but a larger group of judges will now render an opinion.
“Now we are understaffed and have laid off a couple of people that have really key, historical knowledge of the products. … It has become a really toxic strategy,” says a source inside Omnitracs.
A federal jury found former Roadrunner Transportation Systems CFO Peter R. Armbruster guilty on four counts of violating federal securities laws in a $245 million securities and accounting fraud scheme. It acquitted two former controllers of Roadrunner’s truckload division.
The company’s earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020’s second quarter.
“The fix wasn’t sitting on a shelf,” Tennessee Department of Transportation Commissioner Clay Bright said about the Hernando de Soto Bridge repairs that started in mid-May.
Ocean Network Express says the “economic environment is now changing” and it cannot forecast what the rest of 2021 holds, but Hapag-Lloyd can. It expects to triple 2020’s EBITDA.
“Gopuff has quietly built a very strong business and solidified itself as the leading player, continuing to define this evolving category.”
Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after Consolidated Glass Holdings Inc. and its subsidiaries — J.E. Berkowitz, Shaw Glass Holdings and Columbia Commercial Building Products — shuttered operations and filed Chapter 7 bankruptcy in mid-July.
USA Truck reported second-quarter net income of $4.2 million, after reporting a loss of $900,000 in the same period a year ago.
FarEye’s Intelligent Delivery Management Platform equips enterprises for a low-cost, sustainable future and creates happier customers through reduced cost and optimized operations.
Boston-based Motional is testing how its AVs can collect and transmit data on electric infrastructure to utility provider Eversource.
Shipping and fulfillment costs continue to escalate at double-digit levels.
The Omaha, Nebraska-based transportation and logistics provider reported second-quarter adjusted earnings of 86 cents per share.
Forward Air posts a quarterly record for operating income and revenue in the second quarter.
The trucking industry’s issues with driver availability along with customers’ commitment to sustainability are factors that could support growth for intermodal beyond 2021 and 2022, executives said during Hub Group’s earnings call on Thursday.
The partnership between BlueGrace and Trucker Tools showcases the right way to leverage popular book now features.
Wall Street investors liked what they saw in the company’s earnings, pushing the stock up by more than 8%.
“Our logistics segment has been thriving and growing, including contract logistics and port services, with the largest contributor being brokerage,” says Schneider CEO.
Market alliances that seek to convert truck traffic east and west of the Mississippi River could be a way for Canadian Pacific to grow its network, executives said during the second-quarter 2021 earnings call Wednesday.
As Wabash National streamlines its business, the trailer manufacturer will convert reefer capacity to add 10,000 dry vans in 2023.
TuSimple will use Ryder System maintenance terminals as it expands its autonomous freight network from Arizona to Florida by year-end.
The numbers that the company is getting on its used tractor and truck sales is outpacing the assumptions in last year’s big inventory writedown
One aspect of the decision that may stick is a clear ruling that owner-operators on a lease are independent contractors, not employees.
Senate lawmakers find more money for highways and ports in a bipartisan infrastructure package.
The company posts solid numbers for its transport and logistics units as the logistics business prepares for trading on Monday as a spun-off entity.
Supply chain congestion is more about issues with throughput among various stakeholders and less about Norfolk Southern’s ability to handle volumes, executives said during NS’ second-quarter 2021 earnings call Wednesday.
CP’s second-quarter 2021 revenue totaled $1.64 billion in U.S. dollars.
Management has raised full-year revenue guidance to $3.45 billion-$3.55 billion.
A Mack Trucks facility was the backdrop Wednesday for President Biden to highlight his plan to require that 75% of the value of a product’s components be made in the U.S.
Truckload carriers’ “spillover” freight ties up LTL capacity during unprecedented times, Old Dominion executives said.
The acquisition is a part of a five-year strategic plan to innovate and create disruption in the bulk trucking space.
The recent chip shortage crisis isn’t helping matters.
A recent SEC filing shows the company has already raised $44.7 million from four investors.
The key profitability metric comes in 550 basis points below the company’s 2020 results.
A 24% increase in operating revenue contributed to record second-quarter net income of $819 million for Norfolk Southern.
E-commerce platform Shopify posted 57% growth in revenue in the second quarter as online shopping remained strong.
“I’ve coined it the ‘superpower of check calls,’” said TextLocate founder Ryan Rogers.
The Tuesday deadline imposed by K-Ratio to sign its universal settlement agreement or face legal ramifications passed without a consensus for the 34 trucking companies that participated in its fuel hedging program. The Chicago-based company abruptly shut down its fuel futures program in late June.
Federal prosecutors filed a motion Tuesday requesting the court dismiss all charges against ex-Pilot President Mark Hazelwood and two former sales team executives, Scott Wombold and Heather Jones. In October, a federal appellate court overturned Hazelwood’s conviction.
“Bill started reimagining email where it was most broken and therefore hardest to fix — large teams managing huge volumes and complicated processes,” said principal at Insight Partners Rebecca Liu Doyle of SEDNA’s CEO Bill Dobie.
The union representing thousands of Canada Border Services Agency personnel warns of “significant disruption to the flow of goods” if its members go on strike.
Robinson CEO Bob Biesterfeld said the truckload market will stay hot through 2021.
Despite all-time-high container production, demand continues to outpace supply and new box prices keep rising.
Peterbilt, Kenworth and DAF Trucks are sold out globally for 2021 as the global semiconductor shortage leaves 6,500 trucks awaiting parts.
TFI International’s hard line on unprofitable UPS Freight legacy business is helping accelerate the LTL carrier’s turnaround – and it’s just getting started
White-label platform raises $2.5 million to bring real-time, guaranteed container rates to global shippers of all sizes.
Dismantling highways to repair social damage may have consequences for the supply chain.
Investments in visibility and collaboration among bottling partners earns Coca-Cola a spot on the FreightWaves Shipper of Choice top 25.
Pollution credit sales are less of a factor as vehicle profitability at Tesla shifts to overdrive in Q2.
TFI International beats analysts in the second quarter as its U.S. LTL division left its days as UPS Freight in the dust.
Two groups announced this month their separate efforts to increase supply chain visibility. One technology tool focuses on locating railcars and another aims to forecast volumes at the Port of Los Angeles.
The next step is making deliveries to paying customers.
Experiencing the view from the passenger seat of a PlusDrive-equipped truck navigating a northern California rush hour.
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
FreightWaves examines the challenges of drayage logistics and the technology companies that are overcoming them.
A source says up to 35% of the workforce is being let go by parent company Solera in a massive restructuring plan to relocate positions to India.
Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.
Cargo was the good news for Air Canada in the second quarter as the company still struggles out of a pandemic hole.
Truck Talk is a weekly newsletter offering perspective and context behind news in the trucking industry.
Supply chain disruptions for international intermodal are likely to last through the end of the year, Union Pacific President and CEO Lance Fritz said during the second-quarter earnings call on Thursday.
USX’s CEO Fuller says Variant division is near the ‘inflection point’ for the new initiative having a bigger impact on profitability.
Covenant Logistics Group beat second-quarter earnings expectations and said the second half of the year is likely to produce stronger results.
Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns. […]
