Business

A Wall Street research firm calls the performance “remarkable.”

The trucking and logistics company gained from strong demand and tight supply.

Universal Logistics’ operating revenues from truckload services in the fourth quarter decreased $8.7 million to $49.8 million.

Yellow Corp. is back. The holding company formerly known as YRC Worldwide has gone back to its roots. However, fourth-quarter results missed analysts’ expectations at a net loss of 37 cents per share.

The startup will use proceeds to more than double its staff as it prepares for growth in the industrial warehousing sector.

Slync.io, a Dallas-based operating system for global logistics, announced the close of its $60 million Series B funding round.

SmartHop is more than just a freight dispatch; its “business-in-a-box” tools distinguish it as a comprehensive solution for over-the-road-trucking.

Supply chain visibility consistently rears its head as a vital need.

One notable number in the company’s earnings is that even with growth in all areas, compensation costs were held in check.

What suggestions would you give new Transportation Secretary Pete Buttigieg? Our reporters share theirs in this FreightWaves roundtable.

Rents on U.S. logistics real estate advance amid pandemic-related headwinds during 2020. The annual Prologis Logistics Rent Index puts a bow on the year and takes a look at what 2021 has in store.

New capital at newtrul will enable expansion of the supplier base to support growing demand, feature enhancements, APIs and TMS integrations.

Weathering the COVID pandemic drove Volvo Group sales lower in 2020, but market share was stable and new orders are pouring in.

Schneider National plans to use its strong cash generation capabilities to reinvest in the fleet during 2021. The carrier will also look to allocate growth capital to its dedicated and intermodal offerings.

Forward Air was on track to beat its Q4 estimates before the December cyberattack.

“It’s been really easy to get the band back together,” says CEO Jason Provonsha.

Schneider National posted fourth-quarter results ahead of analysts’ forecasts on Wednesday. The company’s 2021 outlook is largely in-line with the current consensus estimate.

The deal benefits TFI’s freight-centric culture and allows UPS to shed a noncore asset, Tomé says.

Supply chain technology provider Manhattan Associates bests fourth-quarter forecast and raises 2021 guidance. Management sees “robust” global demand for cloud solutions.

Amazon announces a leadership shift as it crushes fourth-quarter 2020 estimates and reports $125 billion in revenue.

Ocean Network Express takes giant profitability leap — from $5 million to $944 million year-over-year.

Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering packages to Hong Kong this year.

EKA Solutions’ TMS is gaining traction among small and midsize carriers and brokers with “high adoption rates.”

Compliance with record-keeping regulations is a time-consuming task that can easily fall through the cracks as busy fleet executives focus on day-to-day tasks.

Scott Ruffin’s company is poised to exploit weaknesses in legacy delivery networks to take B2C share.

Logistics provider ArcBest sees positive tonnage trends continue in the first quarter. The less-than-truckload carrier is attempting to break the historical margin decline seen from the fourth quarter to the first.

2020 brought disruption and volatility. But dealers, against all odds, actually performed much better than expected.

Pete Buttigieg wants to push through an infrastructure package that links highway funding to electric vehicles and climate policy.

U.S. Xpress will become the latest carrier to adopt Platform Science’s technology platform, allowing it to deploy third-party and custom apps without the need for added hardware.

SONAR is the leading freight forecasting platform. Two recently added SONAR indices are proving very useful to SONAR subscribers. Learn more.

E-commerce and shipping solutions provider Pitney Bowes reported “the highest modern-day, organic growth rate on record.”

Fuel Transport is the latest Canadian operator to install project44’s visibility technology.

UPS reports all-time annual records for revenue and earnings per share.

Logistics provider ArcBest reported better-than-expected results for the fourth quarter Tuesday. Less-than-truckload tonnage increased by double-digit percentages as weight per shipment jumped 10%.

Forward Air is the latest transportation provider to implement general rate increases amid a tight capacity environment. The company’s 6% GRI will apply to all shipments.

Four Israeli companies have secured contracts with Pointer in the past year.

YRC announced Monday the further expansion of its regional next-day service at YRC Freight. This rollout will make the service available out of 13 terminals throughout the mid-Atlantic.

After a difficult 2020, optimism about the supply chain is running high this year — and 11 industry leaders have identified several opportunities for growth with their predictions for the rest of 2021.

Ryder will provide three hours of paid time off for each of the two COVID-19 vaccinations.

HubTran boasts over 1 billion processed documents, 99% accuracy and $50 million saved.

Only a week removed from the $800 million purchase of UPS Freight, TFI International is back at it. On Monday, the company announced the acquisition of van and flatbed carrier Fleetway Transport.

Supply chain visibility companies Tive and project44 have joined forces to launch the Open Visibility Network in an effort to encourage collaboration and improve end-to-end shipment visibility.

Another issue in the earlier trial: Did the driver blow his horn?

Despite strong Q4, Daimler Trucks likely to miss analyst consensus on sales and profits based on parent company’s forecast.

An interview with flatbed carrier Daseke outlines the company’s operational focus and plan to get back to growth through acquisitions.

According to recent survey data from Bringg, same-day delivery will become a status quo offering from retailers in 2021. But is it the right move? Not for the vast majority of retailers. Here’s why:

A federal grand jury has indicted a former fleet manager of Builders FirstSource, a publicly traded construction products manufacturer, alleging Steven Duety used company credit cards to defraud his employer of $1.6 million.

DSC Logistics, a Chicago-area third-party logistics provider, says it was a victim of a ransomware attack after hackers threaten to release stolen data.

Airspace moves goods fast, with a mix of technology, air transport, ground couriers and people who literally carry a critical product on a flight and to one’s door. Investors just gave the company a big pile of money to play with.

Automakers called on the Taiwanese government Tuesday to persuade Taiwan chip manufacturers to reallocate production capacity for the auto industry. It looks like those pleas for help were heard.

Flatbed truckload company Daseke beats earnings per share estimates in the fourth quarter but revenue and operating ratios slide. 2021 guidance provides a bit of a mixed bag.

NYSHEX aims to eliminate ambiguity from containerized freight contracts. ‘We make it crystal clear exactly what the carriers and shippers are going to do.’

Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.

Six people, including the owners of two defunct trucking companies, face multiple charges after federal prosecutors claim they submitted fraudulent loan applications to obtain $1.5 million in funds through the […]

In what amounted to an “encore,” the end of the Q&A didn’t mean an end to the discussion on Variant and its role in USX’s future.

Fuller: Variant initiative was 9.4% of truckload revenues in fourth quarter

Truck broker Landstar System expects high demand and elevated truckload rates to carry through the first quarter of the year. However, the company’s CEO has a bit of a contrarian “pessimistic” view for the second half.

Nominate industry-leading shippers for FreightWaves’ annual Shipper of Choice award.

Truck broker Landstar System set records in the fourth quarter. The company is expecting the high-demand environment and improved truckload pricing to carry through at least the first quarter.

Canadian Pacific reported a fourth-quarter operating ratio of 53.9%, a record low. Fourth-quarter net profit was CA$802 million, up nearly 21% year-over-year.

Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”

Knight-Swift Transportation reports a big jump in results during the fourth quarter. However, while some may view this as a victory lap, investors appear to be calling the end to the TL trade.

Uber Freight has rolled out a free rate-locking tool for small and midsize shippers.

Alaska Airlines’ parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.

Grocery is the only retail segment that has maintained (and even grown) its e-commerce penetration since peak levels in March, indicating the new normal is already here. The new normal is a much higher level of online demand, and grocers are getting wise about their fulfillment methods.

TFI International CEO Alain Bedard praised the partnership of UPS and the Teamsters and signaled his company’s willingness to work with unions ahead of the UPS Freight acquisition. But will it work?

The opinion letter sent last week dealt with issues of driver safety requirements and the relationship between drivers and 3PLs.

An Arkansas-based trucking company, RCX Solutions, filed for Chapter 7 liquidation on Monday, nearly a year after it shuttered operations when it was unable to climb out of debt following a $23 million nuclear verdict.

Knight-Swift Transportation capitalizes on strong truckload fundamentals to post much higher year-over-year results. Fourth-quarter numbers came in slightly ahead of expectations and the company’s full-year 2021 guidance remains unchanged.

Oracle has released machine-learning and IoT updates to its supply chain application.

Fourth-quarter net profit was $671 million. An 8% decrease in operating expenses helped to offset a 4% decline in operating revenues.

Operating ratios for all its segments improved in the final three months of the year.

Net income rebounded 49.1% year-over-year from one of the 3PL’s worst quarters.

CN’s fourth-quarter net income was C$1.02 billion amid a 2% increase in revenue and a 5% decrease in operating expenses.

Prologis enters the new year with “optimism and confidence” as logistics real estate remains in high demand. Fourth-quarter financial results and 2021 guidance come in ahead of forecasts.

Wall Street reacts negatively to the latest earnings report, but Covenant suggests it’s playing a long game.

Lean inventory doesn’t sit well with supply volatility. The chip shortage, as well as the pandemic, have been a wake-up call for supply chain managers.

Oracle’s cloud-based solutions help shippers weather disruptions and give customers a seamless buying experience.

The continuing impact from COVID impacts results but the Kenworth, Peterbilt and DAF parent company still turns in positive numbers.

Logistics real estate operator Prologis reports better-than-expected fourth-quarter results as the “pandemic has pushed global supply chains to their limits.”

Gina Raimondo will be the anti-Wilbur Ross as secretary of commerce, with less focus on protectionism.

Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.

“Driver detention is a leading cause of lost earnings and driver dissatisfaction,” said Elkins.

A deal has been reached to end a strike by workers at the Hunts Point market in New York, with a vote by rank-and-file Teamsters to take place Saturday.

A Feb. 5 sentencing date has been set for a bookkeeper who pleaded guilty to devising an elaborate scheme to defraud a family-owned trucking company and farm in Missouri out […]

The Triumph acquisition of TFS has had plenty of problems since it was first announced.

A Shell and Deloitte joint study addresses economic, technical and regulatory factors related to decarbonizing road freight.

Phoenician Energy’s aluminum-air batteries will be developed and piloted as part of the Yara Marine X program designed to create a greener maritime industry.

Although the defendant’s role in the staged accident scheme was relatively minor and he had cooperated with authorities, Mario Solomon still was sentenced to 21 months behind bars.

Revenue generated could help fund infrastructure investments, DOT Secretary nominee says in confirmation hearing.

Now is the time to transform the United States’ dominance of information technology into a durable leadership position in innovations that will characterize supply chains the rest of this century.

There’s a push for more digitization and a growing need for more software as more EVs emerge and more self-driving capabilities are added to cars. Automakers are finding themselves without the expertise to fulfill the need for connected services and AI insights.

Retailers with physical footprints have been able to leverage new modes of fulfillment to pass increased costs associated with online delivery to consumers and their suppliers. But for digitally-native brands without access to physical stores, this could be painful should it become the new normal. If you ask FedEx, it already has.

KCS’ fourth-quarter 2020 net profit was $165.7 million, compared with $127.2 million in Q4 of 2019.

There’s a steep learning curve for importers and exporters now that the U.K. is no longer part of the European Union. Botched customs forms are leading to freight backlogs.

Walmart’s U.S. e-commerce chief, Marc Lore, departs with the company well positioned, but with a mixed bag of results.

Biden’s executive orders address the COVID-19 supply chain and mask mandates among transportation modes.

Fourth-quarter figures at Triumph were impacted by the third-quarter acquisition of Covenant’s factoring business.

CSX’s fourth-quarter net income slipped 1% to $760 million amid a 2% decline in revenue.

Transfix has released a transportation management system (TMS) for small and midsize shippers, continuing a trend in which digital freight brokers expand their reach with software targeting carriers and shippers […]