Pete Buttigieg weighs in on infrastructure, trucking regulations and the Jones Act during a three-hour nomination hearing.
Fast-growth startup ClockWork focuses its solution on improving the lives of drivers
The past 12 to 18 months have been nothing short of spectacular for Peloton. It has cemented itself as a prominent fitness brand with a base of fiercely loyal customers while growing revenues 233% yoy in Q3. But the company has outkicked its coverage and capped potential growth due to its supply chain constraints and lack of visibility.
The MDH Acquisition Corp. looks to raise more than $200 million in an IPO.
Supply chain-focused private equity firm Red Arts Capital acquires Canadian third-party logistics provider Radius Logistics.
Union Pacific’s net profit was $1.4 billion in the fourth quarter of 2020, on par with the fourth quarter of 2019.
An economic outlook report from truckload carrier U.S. Xpress calls for tight truckload dynamics to remain in place at least through the third quarter. The forecast calls for contractual rates to increase as high as 15% in the year.
CSCMP President and CEO Rick D. Blasgen will step down March 5 after more than 15 years at the helm.
WebCargo has landed a big boy in the cargo world. Qatar Airways will sell space to shippers through the third-party platform.
Another supporter of improving less-than-truckload fundamentals was identified this week. UBS analyst Tom Wadewitz initiated coverage of the group with a favorable outlook.
Autonomous trucking company TuSimple establishes a high-powered executive advisory board; takes equity investments from Werner Enterprises and Schneider.
Cardinal Logistics has acquired heavy-goods final-mile provider NRX Logistics. The deal marks the third final-mile transaction for M&A advisory firm Tenney Group in the last year.
Cross-border logistics platform looks to scale sustainably as it prepares to raise more capital.
Despite losing momentum sequentially for the last three months of the year, holiday sales grew 8.3% year-over-year. The surprising data is further evidence of the resilience of the American consumer, and the ability for retailers to influence how and when people shop.
A catastrophic ransomware attack like the one that hit Forward Air is not inevitable. But transportation and logistics companies need to take cybersecurity seriously.
Former Google exec was not currently in prison but faced 18-month sentence eventually
J.B. Hunt Transport Services’ fourth quarter came in better than expected. However, the company said it was reviewing long-term margin targets across all segments. Intermodal margin forecasts may be reduced but other units could see upward revisions.
Fresh from its takeover of Uber ATG in December, autonomous vehicle company Aurora has signed an agreement with heavy-duty truck manufacturer PACCAR (NASDAQ: PCAR) to commercialize autonomous Peterbilt and Kenworth […]
Former DOT secretaries weigh in on Polly Trottenberg, Biden’s choice for deputy secretary of transportation.
Cortera report shows surge in business spending as the year drew to a close.
J.B. Hunt Transport Services’ fourth quarter outpaces analysts’ forecasts. Brokerage, truck and final-mile divisions benefit from revenue surge.
There is a widespread view that the new Department of Labor standards might be pulled back by the Biden administration, but it has an impact on this latest opinion.
Reshoring had been in a slump the past decade, but 2020 saw it increase by more than 45%. As companies look to bring home operations, nearshoring will be on the rise.
Rivian has closed an investment round of $2.65 billion as the electric truck company best known in freight circles for making the Amazon custom delivery van gears up for mass production.
Fourth-quarter results for Heartland Express displayed a revenue dip on driver employment headwinds but operating income jumped 35%. The company mentions getting back into M&A.
A pay dispute leads to about 1,400 warehouse workers and truck drivers in Teamsters Local 202 walking the picket line.
The Trump Administration announced an import ban on all cotton and tomato products originating in China’s Xinjiang region citing evidence of forced labor. This ban is much bigger than just cotton and tomatoes. It is a call to action for all retailers to better understand their sourcing practices.
A Democratic “trifecta” in Washington could finally push a long-term infrastructure past the finish line.
U.S. Xpress announced Monday that Jake Lawson has joined as chief commercial officer and Justin Harness will head the dedicated division.
Interview with Daseke’s leadership team covers recent changes and the return to M&A.
The Penske Logistics lawsuit was filed before the bankruptcy so it doesn’t address all the charges in the Loves action
Medical records from UPS truckers and Norfolk Southern rail workers exposed as hackers leak data from a Virginia occupational health-care provider after an apparent ransomware attack.
Berlin-based digital freight brokerage Sennder closed a $160 million series, exceeding a $1 billion valuation.
The California Supreme Court rules the ABC test can be a factor in new and old worker classification litigation. If AB5 is lifted in California, it will add to the growing role for the B prong in the state’s trucking sector
OEMs will be able to close the gap that Tesla created with the help of energy policies from the White House and infrastructure already set in place.
Amazon is the first e-commerce company to offer end-to-end logistics.
When he tried to sell GM’s iconic Hummer brand to the Chinese a decade ago, Jim Taylor never imagined he would import tiny electric delivery van bodies from China to finish in the plant that spawned the hulking SUV.
Penske Logistics “strongly refutes” claims by Loves but defers other comments.
The December rates subindex jumped 13% year-over-year, setting the stage for big rate hikes in 2021, according to Cass data.
Recent analysis from Gartner shows retailers with more than 50% of revenue from the online channel have logistics costs as a percentage of sales that are almost double those of their store-focused counterparts.
Also on the podcast: The 10-week run of higher DOE diesel prices and whether they’ll continue
Delta’s downsizing helped it contain costs during an extremely challenging pandemic year. On Thursday, it reported a fourth-quarter loss before taxes of $2.1 billion.
MarAd Associate Administrator for Strategic Sealift Kevin Tokarski will become the acting administrator next week.
“Tai reduces the number of clicks needed to run your operation,” said Tai Software’s Vice President of Sales Sean McGillicuddy. “We’re providing brokers a centralized platform for everything that they do.”
French company Shippeo, a supply chain visibility platform, has secured $32 million to continue product innovation and market expansion. The round, announced on Thursday, was co-led by Battery Ventures, along […]
Tayland Rahim, 27, of Gladstone, Missouri, an ex-Swift truck driver, was shot multiple times after troopers claim he drove to the Missouri State Highway Patrol’s local headquarters in Lee’s Summit with an assault-style rifle, firing several rounds.
Each company is the other’s “preferred partner” in the factoring/truck stop cooperation
During a CES2021 keynote, Walmart CEO Doug McMillon talked about the retail giant’s technology transformation, and the evolution of its equity and sustainability initiatives.
Surging activity around logistics properties dominated the headlines in a fourth-quarter industrial real estate report. The strong trends are expected to advance into 2021 with some moderation seen as more supply comes online.
An electronic bill of lading must be in a format that ensures interoperability across multiple user interfaces.
OneRail’s $6.7 million in late seed financing will help the delivery orchestration and fulfillment platform scale its business development, sales and marketing operations.
Amazon is the bogeyman for many people. Freight forwarders say if they have to screen cargo to get it on all-cargo planes then electronic retailers like Amazon should too. They see a double standard in the making by the Transportation Security Administration.
The partnership will help “transform” the food supply chain with better, faster data, Lineage says.
A new pairing between C.H. Robinson and SAS has no clear precedent as the large 3PL and a source of massive amounts of data on retail movements get together in a new initiative.
DHL Supply Chain experts share how the company has adapted its sustainability efforts due to the COVID-19 pandemic and offer sustainability tips for businesses.
A roundup of the latest trade news in the world of freight tech and autonomous trucking. Embark, Kodiak and TuSimple join Self-Driving Coalition Embark, Kodiak and TuSimple became the first […]
As more modes of transportation are experimenting with the use of hydrogen fuel solutions, there are still major challenges that green hydrogen production and adoption faces.
Temperature-controlled carrier Nagle Toledo announced a 17% pay increase for its drivers. The company was one of the first to start paying drivers a straight salary.
Dealerships across the nation are already feeling the pressure of low inventory levels. A chip shortage is turning up the heat even more.
A TMS catering to everyone is simply landing somewhere in the middle, and very likely a better solution exists for any of those given parties.
This is an excerpt from Monday’s Point of Sale retail supply chain newsletter. The UK grocery supermarket sector was once highly oligopolistic, but in recent years, European brands have expanded […]
Relay Payments, a fintech company operating in the logistics space, has raised $43 million in funding over the last six months as it seeks to digitize an industry that has long relied on checks and cash.
Cawston, Chowdhury are tapped for top positions at the new company.
Electric vehicle chassis maker Motiv Power Systems has secured $20 million in debt financing from Crescent Cove Advisors.
As car plants curtail production because of a global semiconductor shortage, suppliers and truck makers try to discern what to expect amid near-record Class 8 truck orders.
ORBCOMM’s privately transacted $200 million refinancing means the ELD provider is entering 2021 with a markedly different balance sheet than in recent years.
Deutsche Bank’s December geofencing data suggests LTL volumes continued the positive trends seen in the first two months of the fourth quarter.
Bed, Bath & Beyond reported EPS of less than half consensus estimates. CEO Mark Tritton pointed to tight shipping capacity and elevated freight costs for the miss. Get used to hearing this.
“FreightWaves has developed this incredible media company” around its SONAR platform, says Matt Waller, dean of the Sam M. Walton College of Business.
Driver hiring is the first step in building a safer fleet. A simple five-step approach ensures this process is conducted properly and the drivers you hire represent the least amount of risk.
Canadian last-mile delivery company partners with California’s Royale EV to electrify vehicle fleets.
Kodiak Robotics, one of a handful of startups aiming to automate commercial trucking, has successfully completed “disengage-free” deliveries on a 205-mile stretch of Texas highway.
U.S. short line rail operator OmniTRAX confirms it was the victim of a ransomware attack and data breach targeting its owner, Broe Group.
Uber’s stock dips on a report that Goldman Sachs is looking to unload 38 million shares. The company has made several moves recently to shore up the balance sheet and sustain its cash-intensive brokerage segment.
Road Hunter, a popular navigation app for truckers, surveyed its users to find out more about their ELD providers. The app’s founder said there is a huge market for truckers potentially willing to switch ELD providers.
First-round borrowers can get more money in the second round but need to show some financial downturn to do so
DOT Secretary Elaine Chao emailed a farewell letter to employees on Friday detailing her resignation and COVID-19 challenges.
MSU’s Miller: Not seasonally adjusted numbers show a market with some weakness but trends are still higher
The Swiss logistics giant Kuehne + Nagel has extensive pharmaceutical experience and will handle the storage and transportation of COVID-19 vaccines for Moderna around the world.
With 2020 in the rearview, there are promising signs that point towards industry growth if one crucial thing takes place: tight inventory levels need to be replenished.
COVID induced demand for goods and spending in the home. How will spending behavior change when vaccines are widespread? Retail Analyst Andrew Cox believes consumer spending will be “A Tale of Two Halves”. See what he means:
Truck transportation jobs grew by more than 7,000 last month, but that number remains well below year-ago levels.
Emerge founder Andrew Leto and content marketing expert and best-selling author Joe Pulizzi will keynote FreightWaves’ upcoming virtual Sales & Marketing Summit.
The Geotab reseller segment will be the initial target for VideoProtects transport technology, which J. J. Keller has acquired.
A rideshare drivers union that has helped push up wages and benefits for gig economy workers in New York City has expanded to Chicago.
UBS equity research analyst Tom Wadewitz’s 2021 outlook calls for a continuation of healthy freight activity during the first half of the year with a little more uncertainty in the back half.
U.S. Department of Transportation Secretary Elaine Chao is first cabinet head to quit after storming of U.S. Capitol.
Ridgemont becomes Seko’s majority investor by buying Greenbriar Equity’s stake. Greenbriar retains a minority position.
Business groups stand on the side of democracy versus Trump.
Ladingo’s growth suggests a segment of the market is not being adequately served by existing solutions.
Revised from earlier Department of Labor rule, it isn’t expected to survive an early Biden administration review
Reflecting on how consumer behaviors influenced changes in sourcing and shipping.
As e-commerce continues to surge, consumers are demanding more sustainable practices throughout the supply chain. Reusable packaging solutions and strategic container designs are emerging.
XPO Logistics’ virtual reality program is designed to promote effective loading procedures at LTL docks, the company says.
A congressional oversight report highlights flaws in the Defense Department’s designation of less-than-truckload carrier YRC Worldwide as a company vital to national security.
Albertsons, subsidiaries turn to alternatives such as DoorDash
Digital yard management solutions company PINC partners with Lazer Spot to improve efficiency and visibility in trailer yards.
TruckPark and FuelMe have launched a service that allows truck drivers to reserve a parking space and schedule a fuel delivery at the same time.
Flatbed carrier Daseke announced several moves Tuesday. The company’s CEO has resigned, former founder Don Daseke will be renominated to the board and institutional shareholder Lyons Capital will occupy a board seat.
Suit alleges that FourKites’s fake email accounts called project44 “the next Theranos.”
