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 […]
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.
