The rule was introduced in the waning days of the Trump administration but was never expected to be enacted.
Billionaire and Microsoft co-founder Bill Gates, the largest shareholder of Canadian railway CN, is giving 14.1 million shares of the company to soon-to-be ex-wife Melinda Gates.
PowerFleet has helped thousands of customers transition from analog to 2G, 3G and now, 4G/LTE.
Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.
There is a small window for new loans to underserved communities, but after spending of about $800 billion, the cupboard is bare.
In 2017, Lyft launched its Level 5 division, which would focus on developing an autonomous vehicle. Last month, the company pivoted away from that, selling the division, although it still harbors visions of Lyft riders in autonomous vehicles.
The German company posts record first-quarter profits and substantially raises full-year earnings and cash flow targets.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.
The first-ever deal with Apple is part of $4 billion in logistics contracts for XPO since the year began.
Lyft reported a narrower loss in its Q1 earnings as riders began returning to the platform.
An April survey of supply chain executives showed “continued downward pressure on transportation capacity” with prices surging to a 2.5-year high.
Shaw’s says it anticipates a return to work this week, but the union is silent on that issue.
Engine maker Cummins absorbed $105 million in freight costs to get microchips needed for engines during the trucking boom.
Despite a tough comparison with a year ago, Meritor saw sales and earnings increase in its Q2 fiscal quarter.
ArcBest points to the current “robust demand” environment as supportive of raising equipment spending in 2022.
Electric vehicle startup Arrival announced it would build a ride-hailing specific electric car for Uber to use in the U.K. and Europe. Separately, Uber said it will now deliver everyday essential items to customers from Gopuff in the U.S.
In the prepared statement released with earnings, CEO Musser says the current market has no precedents.
Logistics provider ArcBest Corp. posted first-quarter results well ahead of analysts’ expectations Tuesday.
Diesel sales at the company showed a slight decline from the fourth quarter but were significantly higher than Q1 2020.
Truckload shippers are accepting double-digit rate hikes in 2021 and further increases in 2022, Deutsche Bank’s lead transport analyst says.
Trucking and logistics companies are owed thousands after Gainco Inc. of Portland, Texas, which hauls hazmat loads, filed Chapter 11 bankruptcy on Friday.
Company boosts its full-year EBITDA range, and discloses 11-year, $1.8 billion logistics contract with unidentified customer.
By killing off Trump-era rules, the Biden administration has lots of room to make big changes in the independent-contractor-versus-employee debate.
Ware2Go, which offers shipping to merchants of all sizes with a specialization in e-commerce, will automatically purchase carbon offsets through Pachama for its customers.
Executives with parent company Berkshire Hathaway expect BNSF to take steps to protect the railroad’s franchise as the merger between Kansas City Southern and one of the Canadian railways makes its way through regulatory review.
Having trouble scaling your sales and marketing operations? Colombian nearshoring may be the solution.
With TuSimple going public by IPO, a new report says rival autonomous trucking software developer Plus will soon follow via SPAC.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
The Pennsylvania Supreme Court ruled Thursday that a no-hire provision between two Pittsburgh-area logistics firms is not enforceable under commonwealth law.
The New Jersey Senate majority leader’s proposal would require communities near a proposed warehouse to have input but no veto power.
Universal Logistics Holdings reported $415.2 million in operating revenue during the first quarter.
The biggest changes Bed Bath & Beyond must make are in the supply chain, which has been referred to as “noncompetitive” by management.
Forward Air provided some clarity on longer-term margin expectations during a Friday conference call with analysts. The company beat first-quarter expectations and its new guidance came in much better than expected.
Pennsylvania’s move to scrap fuel taxes could change how states generate revenue to pay for road projects.
Olsavsky says the one-day delivery service needs to get on top of burgeoning demand and warehouse space shortages.
Forward Air reported first-quarter earnings results and issued second-quarter guidance that were both ahead of expectations.
Provider of fuel payment processing for fleets reported 5% revenue decline in first quarter
The truckload carrier’s OR went from in excess of 100% to 95.8%.
Schneider National sees several favorable catalysts through the remainder of 2021 that are supportive of its guidance raise. Finding equipment and drivers will be the challenge.
Schneider National’s first quarter comes in ahead of analysts’ expectations and the company raises its full-year outlook by 8% at the midpoint of the range.
Forward Air announced it has entered an agreement to acquire expedited transportation and less-than-truckload provider J&P Hall Express.
Ford and GM say the chip shortage could cost the automakers more than $1 billion in earnings during 2021.
Getting around the B prong of the ABC test is going to be complicated for companies trying to use independent owner-operators in California.
Werner Enterprises reported a first-quarter record for operating income Wednesday after the close. Revenue-per-mile guidance in its one-way segment moved higher.
Waggoner delivered record EPS in a difficult environment.
In what is expected to be its final earnings report as a stand-alone company, Grubhub reported 52% growth in revenue, but said restaurant fee caps hurt its bottom line, resulting in a quarterly loss.
Norfolk Southern aims to add longer trains, improve car velocity and provide more technological tools for customers and for safety inspections, with an eye toward future competition with autonomous trucks.
Ryder is a major supplier of used trucks to the market, and its numbers showed a healthy second sales demand in the quarter.
Despite supply chain constraints, Tier 1 driveline supplier Dana beat analyst expectations for Q1 and raised full-year estimates.
The CEO of TFI International suggests the Canadian firm is looking to grow its relationship with UPS beyond its $800 million acquisition of UPS Freight.
Less-than-truckload carrier Saia reported first-quarter earnings ahead of expectations and guided for second-quarter results to outpace normal seasonality.
The California Trucking Association lawsuit was able to hold off the law in the state’s trucking industry for 16 months, but the injunction it won has been overturned.
Within maritime logistics circles, an effort is underway to update the technology the industry relies on to take advantage of recent advancements in hardware and software technology.
The CEO of Covenant, while reviewing a strong quarter for the truckload carrier, gives his perspective on the labor market the company faces.
First-quarter operating ratio was 61.5%, compared with an adjusted operating ratio of 63.7% in the first quarter of 2020.
Less-than-truckload carrier Saia reports a big year-over-year increase in earnings during the first quarter even as weather negatively impacted one-third of its network.
The brokerage will pour money into new tech, new modes and new people.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Robinson highlighted improving productivity metrics.
TFI International reports a 17% increase in operating income during the first quarter as the Canadian trucking and logistics firm gets a strong start to 2021.
PACCAR puts up strong Q1 numbers, including record parts sales that suggest the new truck backlog is boosting aftermarket sales.
The move comes as the company reports terrific first-quarter results and its shares soar.
Less-than-truckload carrier Yellow announced it is taking delivery of the next wave of equipment, which has been facilitated by the CARES Act loan it received in 2020.
As TriumphPay gets set to bring in HubTran, a business with lots of companies may become one with far fewer firms.
CN outlined some scenarios in which a merged railway can compete with long-haul trucking.
GDC Technics has laid off 223 workers and filed for Chapter 11 bankruptcy after losing a Boeing contract.
Autonomous software from Plus applied to the Cummins Westport natural gas engine could pair self-driving with negative net-zero carbon footprint.
DSV Panalpina announced Tuesday it plans to acquire the logistics arm of Agility Public Warehousing for $4.1 billion. The deal is expected to turn the transportation and logistics company into a top 3 forwarder globally.
Revenue jumps by double digits across the board; pension gains account for about half of EPS increase.
First-quarter earnings reports from truckload carriers highlight a booming freight market. A strong consumer, tight truck capacity and elevated rates appear the likely dynamics for the remainder of the year.
Tesla is focusing on making more cars, securing battery cells and finishing gigafactories in Texas and Germany. The Semi is again in the background.
Covenant’s overall OR improved by 620 bps from the first quarter of 2020, a significant gain.
A California freight forwarder filed Chapter 7 bankruptcy last week, collectively owing transportation and logistics companies more than $884,000.
Canadian railway CN reported net profit of CA$974 million in the first quarter of 2021, a 3.7% decline from the first quarter of 2020.
Woven Planet, a subsidiary of Toyota Motor Corp., has agreed to acquire the self-driving vehicle business Level 5 from Lyft.
“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.
GDC Technics is permanently closing its San Antonio plant where most of the work on the Air Force One planes were done.
Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after an Indiana brokerage ceased operations and filed Chapter 7.
The best-in-class retailers are aggressively pursuing logistical control over their products while trying to avoid patchwork responses to final-mile delivery.
Congress is considering several options to keep the Highway Trust Fund afloat.
Buyers and suppliers have turned to supply chain finance to manage liquidity needs for decades. However, supplier finance programs have seen increased scrutiny from regulatory bodies, which seek greater disclosure.
Daimler Truck AG, soon to be a stand-alone business, showed a modest recovery from the pandemic-impacted year-ago first quarter.
Canadian electric truck and bus manufacturer Lion Electric is poised to go public after Northern Genesis Acquisition Corp. shareholders approve SPAC merger.
Variant is a company within a company that is being touted as the future of U.S. Xpress.
Roni Rae Brady, the former chief judge for the Northern Cheyenne Tribal Council, was sentenced to six months in prison for a scam that targeted truckers.
New guidance from the Biden administration includes the trucking industry as part of its 500,000-charging station rollout.
The company’s revenue rose but operating margins are higher; Variant targets are being met and revenue is 11.8% of total truckload.
The CEO of one of Canada’s largest trucking companies, Mullen Group, says the country’s freight market will bounce back after COVID-19 is under control.
The Surface Transportation Board will need to scrutinize a proposed merger between Kansas City Southern and either Canadian Pacific or CN to ensure it doesn’t hurt the operations of competing railroads, Union Pacific’s head said on the company’s first-quarter earnings call.
Old Dominion Freight Line set a first-quarter record even with adverse weather conditions. The second quarter is shaping up to produce a new all-time company record.
Aaron Graft has been assuring users HubTran’s open loop system will not be giving Triumph’s factoring business an unfair advantage
In 2020, Amazon nearly doubled: its workforce, its number of facilities and its logistics square footage. In 2021, it plans to double its truckload fleet.
Sweden’s Volvo AB reported a record operating margin in Q1 following a warning of up to a month of downtime due to microchip shortages.
You can’t reduce carbon emissions without measuring them first. C.H. Robinson experts discuss the company’s carbon measurement technology.
SmartHop has tapped Amy Liu, formerly of Uber Elevate, as chief of staff and to help build out its New York office. The company also announced the opening of an office in Bogota, Colombia.
Transfix considers the relationships at stake for a carrier or shipper in order to build the right tech solution.
Prosecutors allege Oumar Sissoko, 59, of Temecula, California, who claimed to own a pothole repair company called Road Doctor California LLC, spent hundreds of thousands of dollars on luxury items after receiving $7.25 million in PPP loan funds.
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A 4% drop in operating revenue contributed to a 9% decline in net income for Union Pacific’s first quarter.
