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.”
OneRail eliminates friction from the final mile by reducing fulfillment operation costs and increasing delivery speed. Its courier network of 4.5 million drivers reaches virtually every market from coast to coast.
Nucor Tubular Products and PowerFleet on Tuesday announced a partnership.
Experts share how DHL Supply Chain’s GoGreen and GoHelp initiatives are paving the way for sustainable progress.
Benjamin Hartford joins Marie Colbert and Derek Nelson to fill out Mastery’s top executive ranks.
Missouri-based Boomerang Tube lays off 185 workers from its manufacturing operation in Liberty, Texas.
Retail analyst Andrew Cox makes five predictions for retail supply chains in 2021. First and foremost: An inventory correction.
Former executives at Forward Air along with an activist investor have been acquiring shares since October in efforts to make changes to the management team, board and capital allocation strategy, which may include divesting “non-core assets.”
1994: Despite its effectiveness in catching contraband, Customs pulls the plug on X-ray procedures at Tacoma.
XPO gets most of K + N’s U.K. contract logistics business.
Automakers have put a high priority on EVs as the world shifts to cleaner modes of transportation. With demand for EVs forecasted to rise, the demand for rare earth metals used in both EV drivetrains and batteries will definitely be on the rise as well.
Schmitt says the company had “muscle memory” that enabled a shift to methods that predated the technology shutdown by a ransomware attack
The trucking sector has been on a historic run of late, with some pointing to an end nearing. Don’t tell that to Deutsche Bank’s Amit Mehrotra, who sat down with FreightWaves to discuss his positive outlook for the new year.
An Oregan man was recently sentenced to over eight years in prison and ordered to pay back over $3.2 million for his role in an elaborate fraud scheme while living in Hawaii.
Electric vehicle sector hottest area for SPACs
LoadStop digitizes fleet operations with automated dispatch and carrier TMS.
There’s so much change happening around the world as society advocates for sustainable and clean transportation. Although a lot of the hype generated from EV development is deserved, some people believe EVs are overhyped, including Toyota President Akio Toyoda.
Wabash National discloses Scope 1 and Scope 2 GHG emissions in its first sustainability report.
In 2020, the U.S. trucking industry was turned on its head by a pandemic and an oil glut that forced many small fleets and owner-operators to cease operations or file for bankruptcy protection. Others cited legal woes as the main reason to file Chapter 7 or 11 this year.
Americold announced that it has closed on a 46-facility deal valued at $1.74 billion.
There is no shortage of opportunities for AI and machine learning to be applied to the solution of big problems in global supply chains.
Traffic app Waze squeaks into the FreighTech 25 at No. 25, rounding out the group for 2020.
GDOT’s $1.8 billion truck-only lane project is expected to reduce delays by 12% for commercial vehicles.
The proliferation of ransomware attacks in the trucking and logistics industry is leaving many firms in the position of deciding which is the lesser of two evils: paying the attackers or paying the price of refusing.
Mainstream commercial use of small unmanned aircraft for a variety of applications, including package delivery, is around the corner. New FAA regulations create a pathway for drones to operate safely with fewer limitations.
Warehouse solutions provider 6 River Systems ranks No. 23 in the FreightTech 25. The company rapidly expanded its customer base and wall-to-wall fulfillment solutions this year.
Railcar lessor GATX acquires tank container lessor Trifleet in 175 million euro deal.
FedEx will mark its 50th year by harnessing IT for pitched battles with Amazon and UPS.
Deciding whether a digital freight brokerage, No. 22 on the FreightTech 25, fits in a company hauling around people and food
New and existing companies are ramping up GPS and temperature-tracking technologies to deploy in vaccine transport and beyond.
Company said sale of its SHIP tokens was not an unregistered securities sale, but government agency disagreed
NATSO and other retail fuels industry trade groups urge states not to join the Transportation Climate Initiative Program.
Transit projects are expected to take on more importance than new construction in Joe Biden’s administration.
Ocean carrier Maersk says it is “working closely with the Agriculture Transportation Coalition and local trucking associations to address their concerns of equipment availability and detention and demurrage issues.”
Warehouse robotics executives discuss industrial automation trends.
Even while most of your audience will never have met you in person, you are trying to give an accurate picture of who you are, through what you present.
Hackers relentlessly targeted trucking and logistics companies throughout 2020. These five cyberattacks are among the worst incidents.
The plan: signing up lots of carriers who then team with brokers to use the factoring capabilities built into the platform
igital freight startup Loadsmart ranks No. 18 on the 2021 FreightTech 25 list of most innovative and disruptive companies.
Autonomous trucking startup Ike takes No. 17 spot on FreightTech 25 after a year that saw new partnerships with fleets and acquisition by partner Nuro.
A federal grand jury has indicted Daniel R. Fruits, a former executive of Secure Transit, headquartered in Greenwood, Indiana, alleging he defrauded his investor of nearly $14 million to buy a horse farm, Rolex watches and several luxury cars.
IoT leader Samsara makes it into the FreightTech 25. Ranked No. 16, Samsara has seen rapid innovation, product updates and customer growth.
XPO Logistics garners a spot on FreightWaves’ FreightTech 25 list.
While new trailer orders are booming to meet capacity demands, 20% of the nation’s fleet could be sitting idle on any given day. Why?
“Shipamax delivers data entry automation across entire logistics organizations,” says CEO and co-founder Jenna Brown.
For Emerge, the year began with new funding. As the year comes to a close to a close, it has debuted a “major step” in its product strategy.
KeepTruckin landed on FreightWaves’ 2021 FreightTech 25 list for the third time by developing new technology to help alleviate COVID-19 supply chain challenges.
Feeding America’s supply chain chief discusses a year like no other and how the group pivoted to get food to needy Americans.
Flexport is a technology company, more than a logistics operator. It uses technology to connect the dots for customers and freight transport providers so they can collaborate more easily.
The Idaho-based online load board celebrates its second consecutive year as a FreightTech finalist.
Now-pardoned California Republican Duncan Hunter pleaded guilty to misusing campaign funds.
Canadian Pacific has announced a pilot project to develop North America’s first line-haul hydrogen-powered locomotive.
Autonomous delivery company Nuro has acquired Ike, a trucking technology startup founded by veterans of Apple, Google and Uber ATG.
Indianapolis-based third-party logistics provider FitzMark announces the completion of a majority recapitalization. The transaction allows the brokerage consolidator to further pursue organic growth plans and acquisitions.
Disruptions in one corner of the world can impact operations at home. With the turbulence of 2020 hopefully behind us, Global Supply Chain Week will examine where the dust has settled and share lessons on reacting to the enormous disruptions of the previous year.
Coronavirus vaccines require extreme levels of protection from organized crime organizations, nation states and others looking to steal shipments or valuable data. The U.S. government is stepping in with extra help for industry, including escorts by U.S. marshals.
A quarterly year-over-year drop of 25% needs to be on the books for access to money.
The company is not commenting yet on signs the ransomware attack may be over.
A former billing and payroll clerk for South Dakota-based Blachowske Truck Line was sentenced on Monday to three years in federal prison and ordered to repay nearly $580,000.
J.B. Hunt is providing funding to the Walton College of Business to increase awareness for sustainability and inclusivity in supply chains. “The amount of research and collaboration that can go on with this gift is immeasurable,” Matt Waller, dean of Walton College, said.
CSCMP will host next year’s global event in Atlanta in mid-September.
Forward Air is the victim of a ransomware attack. Freight is still moving through its network, but it’s become a paper-and-phone process to locate and tender freight and deal with back-office documentation.
After months of anticipation, COVID vaccines are finally rolling out across the country. However, both GM and Ford have decided against a mandatory vaccination policy.
Capstone Headwaters releases December update on logistics technology deals.
Less-than-truckload carrier Central Freight Lines confirmed it fell victim to a cyberattack, which knocked out its operating systems and call center.
Forward Air Corp. says it was targeted by a ransomware attack and warns of a potential deferral or loss in revenue as it recovers.
