Less-than-truckload carrier Saia announces the addition of its 20th facility in the Northeast in just the last four years. The LTL market continues to garner incremental investment dollars as demand rises.
Load board adds more enterprise-level automation to its compliance offering.
The LTL brokerage business is much smaller than that of truckload, but its profitability increased during the quarter.
Canadian Pacific and Kansas City Southern executives outline the benefits and the rationale behind CP’s proposed acquisition of KCS.
Canadian railway Canadian Pacific plans to merge with Kansas City Southern in a deal worth $29 billion.
Even as the relationship between Ryder and Chanje was hitting the rocks, Ryder continued to do new deals with the supplier of electric vehicles and touted its role in the company’s green plans.
Major Canadian trucking and warehousing company Groupe Robert is making a large investment to build Quebec’s first 3PL automated distribution center for fresh and frozen foods.
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
The company moves to broaden its footprint and introduce services as it posts stellar fiscal 2021 third-quarter results.
Smith sees no let-up in the demand for the company’s services.
The NLRB action is a gathering of earlier Teamsters actions against Universal, now pulled together in one filing by the government agency.
Wabtec, short line operator Genesee & Wyoming and Carnegie Mellon aim to establish public-private institute that would research, demonstrate and commercialize advanced freight rail technology.
Economic downtown spurs more freight-related job cuts across the Lone Star State.
February freight data from Cass shows a deceleration in the growth rates of shipments and expenditures. Recent weather events have only “coiled the spring” for a continuation of high demand and rising rates.
More and more beneficial cargo owners (BCOs) are moving manufacturing and warehousing to Alabama.
The desire for supply chain software and technology that is tightly integrated and that works in tandem, through platforms and ecosystems, raises the specter of cybersecurity incidents that can very quickly metastasize.
“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.
There’s no time for deliberation these days if you want to get high-value cargo shipped by air. It’s a strong seller’s market in the air cargo world. If you see it, book it and don’t worry about the price.
The Future of Ports 2021 event will take place virtually on March 18th, 7 PM, UAE time/8AM PT time.
No details disclosed, but Fourshore generally looks at companies valued at $10 million to $75 million
After raising pay earlier in the year, Cargo Transporters has implemented a flexible pay package, allowing company drivers to earn paid time off and bonus payments on a prorated basis.
Refraction AI discovered many last-mile AVs used a sensor system known as LiDAR, which was causing bottlenecks in deploying these vehicles into the real world.
Great Lakes Petroleum Transportation of Alma, Michigan, which hauls crude oil, filed for Chapter 11 bankruptcy protection. The trucking company has 59 power units and 49 drivers.
“Our goal at FreightFlows is to make near-term market predictions to help vessel owners, traders, brokers and charterers have much better decision-making power in the international freight markets today,” said CEO Matt Morgan.
Reports of problems in the application process are widespread, but the PPP loans given out total more than $160 billion.
The fragmented industrial service facilities segment could become the apple of the eyes of big-money investors.
SPAC acquisitions are cropping up with more frequency, and we can only expect more deals to go through in 2021.
Brands big and small want more control over the customer experience, including data and service, and technology firms and logistics providers can now offer brands an Amazon alternative. The tension between retailers and brands is nothing new, but the battle between them has never been this acute thanks to the likes of Shopify, ShipBob, XPO and others.
While the less-than-truckload market is experiencing a boom, it’s not without growing pains, according to Recon Logistics’ pricing and analytics expert Curtis Garrett.
The email came in stating we were under attack. All 30 servers were taken down and encrypted. Admin lost access to their Microsoft 365 accounts.
A pair of Canadian trucking companies in the Toronto area, Orbit Freight and Delta Carriers, shut down in close succession before their owner filed for personal bankruptcy.
Activist investor Ancora Advisors gains two seats on Forward Air’s board and endorses three others. The company’s former CFO has been brought on in a consulting role.
The new rules approved by the NLRB could be overturned by the Biden administration but only after a formal rulemaking.
West Coast carrier Cheema Freightlines announces a pay bump for drivers and plans to expand its fleet in 2021.
“In order to better position the product, you have to be closer to your patient,” House said.
Over the next few years, the team will continue to grow and Red seeks qualified applicants.
Congressman Sam Graves proposes using the Postal Service to test a new bridge and highway funding effort.
After a fresh round of pay increases at the beginning of the year, some carriers are continuing to raise rates further. Bay & Bay Transportation announced effective immediately it has raised pay for independent contractors by 20 cents per mile.
The legal reason cited for the withdrawal is the elevation of two principles of “economic realities,” which the Wage and Hour Division says have not been used by courts in the past.
Michael Chaves, the former owner of a vehicle-transport carrier, gets 30 months in prison for forging DOT documents and failing to maintain driver certifications.
The lending given out so far in the third version of the Paycheck Protection Program is not on track to exhaust the funds that have been authorized.
Beer maker Molson Coors warns that a systems outage brought on by a cyberattack is causing delays and disruptions to shipments.
“For companies that went into the COVID-19 year, if they were strong they came out stronger,” said Moore.
Retailers are stuck between playing the waiting game and risking delays that wreck quarterly results or ponying up and taking to the skies. The goods will arrive quickly, but at what cost?
The remaining assets of bankrupt trucking company Comcar Industries will be liquidated through two trusts, leaving little for unsecured creditors.
A global semiconductor chip shortage continues to affect auo factories on both sides of the United States-Mexico border.
The low number assigned to one of the key bills signifies it is a priority and is seen as a positive sign by the trade group.
XPO Logistics has embraced diversity, equity and inclusion in its workforce that is enhancing its culture, and leading to business success.
Visual LANSA combines the flexibility and control of traditional programming with the benefits of low-code solutions.
Cold storage provider Lineage Logistics announced Thursday that it completed a $1.9 billion equity raise to fund new developments, M&A and technology initiatives.
The Great North is taking the slow road on implementation
How should executives think about the combination of people and technology as they attempt to solve the problems they encounter daily in their companies’ supply chain operations?
Reload, Vorto’s new autonomous platform, could save companies more than $400 million per year while increasing sustainability.
Carriers should begin planning now to influence policy change that could result from Biden’s supply chain executive order, industry observers say.
Prologis Research sees the need for modern logistics space climbing by at least 3 billion to 4 billion square feet over the next cycle.
Evolve keynote: Inevitable failures and what we can learn from them.
Fluid Truck specializes in box trucks and cargo vans and focuses on last mile
Data Gumbo’s Andrew Bruce and Atlas Operating’s Yousuf Chaudhary shed light on how decision-making around lease operating expenses is affected by data.
Texas-based technology company ThoughtTrace demonstrates how its artificial intelligence-enabled platform can help companies better understand important documents, including contracts, during a rapid-fire demo at Evolve: The Next Evolution of Oil & Gas, presented by Digital Wildcatters and FreightWaves.
Keynoting an Evolve summit session, Dan Pickering and Scott Gale call for traditional, transitional energy players to meet in the middle.
Flatbed carrier Daseke announced Wednesday it has reduced debt and refinanced the bulk of its remaining debt. The transaction, which will lower annual interest payments, is the latest in the company’s efforts to improve margins and financial returns.
It can be confusing for shippers to identify high-impact technology investments.
Venture capital in oil and gas pales by comparison to climate technology investment, but there are potential unicorns out there.
EQT CEO Toby Rice gave the keynote Wednesday for “Evolve: The Next Evolution of Oil & Gas,” a virtual event presented by Digital Wildcatters and FreightWaves.
By some accounts, Instacart owns 50% of the online grocery market. With an IPO upcoming, I wanted to look back at how Instacart has gone from niche to necessity and question whether it can maintain this dominant position in a highly competitive, highly sought-after market post-COVID.
As a love affair with electric vehicle companies fades, self-driving truck startups appear to be the new courtship objects of blank check companies.
Canadian trucking and logistics firm Titanium Transportation Group had a very good fourth quarter on the strength of its U.S brokerage business. But 2021 is set to be even bigger with its recent acquisition of ITS.
China was the top U.S. trading partner for the 10th consecutive month in January and was the most important trading partner in 2020.
The PRO Act would impact only the regulatory power of the National Labor Relations Act and is mostly targeted toward making unionization easier.
The German logistics giant forecasts more than $7 billion in operating profit as far out as 2023.
There are a couple of trends shaking up the automotive industry in the years ahead. Outside of digitization and electrification, one trend often gets left out: the growing reliance on Mexico and cross-border trade. As OEMs relocate manufacturing down in the South, suppliers are starting to follow in their footsteps.
Booming sales, thin inventories and more stimulus on the way provide the backdrop for potentially setting a new record for retail container imports in 2021. The National Retail Federation raised its outlook again for loaded containers landing at U.S. ports in the first half of the year.
Less-than-truckload carrier Yellow Corp., like other LTLs, reports a weather-related falloff in February trends. However, industrial data continues to suggest this LTL freight recovery has legs.
“We are solving meaningful business challenges with innovation and passion,” says GreyOrange Chief People Officer Ramya Sampath Sharma.
Stockholm-based electric trucking company Einride conducted a survey to gain insights into women’s views on a career in the trucking industry and how technology and autonomy impact interest.
The Coca-Cola plant in Grand Prairie, Texas, will close by April 15 as part of a consolidating effort by the company, according to a notice sent to state officials Friday.
Wells Fargo transportation research analyst Allison Poliniak-Cusic raises expectations for intermodal providers in a new report. Favorable catalysts for the mode are expected to carry into 2022.
With expansion into both Asia and Europe, Cargobase expects to more than triple its revenues.
Innovators worldwide are finding new ways to simplify and disintermediate the execution layer of the supply chain.
An investigation of the former DOT secretary highlights the need to restore trust in the federal infrastructure grant process.
The United States’ infrastructure was put to the test recently when Winter Storm Uri passed through the lower half of the country. As a result, production at petrochemical plants shut down and the industry is now on the brink of a potential seat shortage.
Instacart may forgo the traditional path to public status and sell its shares directly to the public, according to a Reuters report.
This week, President Biden announced we will have enough vaccinations for every American by the end of May. For the American people, this is fantastic news. For apparel retailers, it’s euphoric news that complicates an already extremely uncertain environment. In this edition of Point of Sale, we’ll take a look at apparel inventory management through the lens of Nordstrom’s recent woes.
February generally shows an increase in the number of trucking jobs, but not in 2021
Republican lawmakers push back on Biden’s ‘big, bold vision’ ahead of infrastructure talks.
Craig Fuller reasons that if “project44 is the Visa of the industrial world, then having the greatest acceptance and connectivity will be a major differentiating factor.”
The size of the Variant fleet reached 900 this week, ahead of schedule. CEO Fuller is touting improvement in OR of 2,000 bps when fully implemented.
PowerFleet’s LV-400 allows users to remotely monitor and make changes to the reefer trailer from their PC.
Amazon-backed Deliveroo announces plans to go public less than a year after British regulators questioned the viability of the business.
J.B. Hunt believes recent winter storms will negatively impact first-quarter operating income by $15 million to $20 million. The company said it had been successful advancing its intermodal service initiatives prior to the storms.
As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands.
“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.
We are on the cusp of a golden age of technology-led innovation in supply chain.
Several of the nation’s largest retailers say inventory positions are improving. However, retail sales continue to outpace efforts to stock up, suggesting trucking demand could stay elevated well into 2021.
Supply chain software provider Descartes Systems Group has “sold more stuff than we’ve ever sold before” in recent quarters, its CEO says as revenue and profits soar.
Tim Adams invented We Care Safety Flaps to reduce “collateral damage” from accidents involving tractor-trailers.
Flatbed transportation and logistics provider PS Logistics remains on the acquisition trail, purchasing the assets of Indiana carrier Jason Jones Trucking. The tuck-in deal allows JJT to keep operating under its own name.
The AAR released climate policy proposals encouraging partnerships and market solutions that promote competition and carbon capture, utilization and storage technology.
Ocean Audit’s Steve Ferreira and AutoZone’s Jack Conaghan discuss how beneficial cargo owners should strategize contracts and containers during 2021.
Less-than-truckload carrier Saia reported a small decline in volumes during February, reversing the more than 5% increase recorded in January. Excluding inclement weather, the carrier said trends remain consistent with January.
