The volume of logistics private equity deals is relatively stable as private equity dealmakers gather in New York.
A new four-lane bridge is a key piece of a logistics project aimed at making Burns Harbor a destination for international cargo.
A Chinese national illegally residing in the U.S. was arrested Tuesday on allegations that he exported firearms, ammunition and other military items to North Korea from Long Beach, California.
SONAR data will power Transfix’s predictive rating models for freight brokers.
“Using HappyRobot’s agentic AI, 100% of calls were answered 24/7 with no hold time,” said Circle Logistics’ Andrew Smith.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
The collaboration between FreightVana and Loadsmith taps into FreightVana’s deep experience in blending asset trailers with technology to support diverse customer needs.
Descartes reported record quarterly results Tuesday after the market closed.
The Werner case, now more than 6 ½ years old since it became a nuclear verdict, went before the Texas Supreme Court on Tuesday.
A Texas wholesaler and retailer is on the hook for a $1.9 million tax bill for tractor-trailer tires it bought from Chinese manufacturers.
Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.
“Today project44 is pleased to announce a very favorable resolution of our defamation lawsuit against FourKites,” project44 told FreightWaves.
MyMechanic’s newly appointed president, James Lovecamp, recently spoke with FreightWaves on persistent issues in maintenance and repair.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
After years of volatility due to economic uncertainties and global disruptions, the freight industry is seeing early signs of recovery. However, this recovery comes with challenges, including tighter capacity and heightened expectations for operational efficiency.
The New Jersey attorney general has filed arguments against tossing the indictment that includes NFI CEO Sidney Brown.
A California man was sentenced to two years and nine months in federal prison for embezzling nearly $1.6 million from the Fresno-based trucking company where he worked for 15 years.
Animus between co-founders of TuSimple is playing out in courts across the US with a proposed liquidation the latest salvo.
As Americans enjoy a Thanksgiving weekend of turkey, pumpkin pie, football and togetherness, here is a roundup of just a few of the trucking businesses and nonprofit organizations that pay it forward year-round through philanthropic initiatives.
As Thanksgiving celebrations near, supply chains face a surge in criminal activity. A recent CargoNet report highlighted 174 thefts worth $7.84 million during Thanksgiving week over the past five years, with the post-holiday Monday marking the peak for theft and identity fraud. California, Illinois and Texas top the theft hot spots, while warehouses and unattended […]
A former NFL player and his business partner, who were co-owners of a construction business and trucking company, and their bookkeeper face fraud charges after prosecutors claim they engaged in a scheme to obtain $1.4 million through the Paycheck Protection Program.
Trailer manufacturer Great Dane has reached a settlement with the DOJ over the company’s hiring practices for noncitizens who are in the U.S. legally.
A former driver for Walmart has won an almost $35 million verdict against Walmart after he was fired following an injury.
Areas of California, Illinois and Texas have been key targets for cargo thieves in recent years.
President-elect Donald Trump’s plans to impose 25% tariffs on goods imported from Mexico and Canada could have a chilling impact on cross-border rail traffic, which has been one of the few sources of volume growth for North American Class I railroads.
Last-mile solutions provider OneRail has raised $42 million in venture capital backing to streamline the last mile of the delivery process.
Echo Global has been removed as a defendant in a fatal crash case, another victory for brokers seeking to avoid liability.
Kenan Advantage Group announced the acquisition of Texas-based XBL.
The FreightWaves FreightTech 25 list shows some of the most cutting-edge technology in the industry and identifies several trends that could disrupt the sector moving forward.
Schneider National announced it has acquired Cowan Systems and some of its real estate assets in a deal totaling more than $400 million.
Department store retailer Macy’s, Inc., stated on Monday that an employee hid up to $154 million through intentional accounting errors starting in 2021.
Kenan Advantage Group announced Friday that it has acquired Michigan-based dry bulk hauler PRM Trucking.
A co-owner of a Massachusetts trucking company was sentenced to two months in prison after admitting that he falsified driving logs and lied to investigators in connection with a fatal collision involving the driver of one of the carrier’s trucks.
UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI.
A majority stake in less-than-truckload carrier Roadrunner has changed hands from an activist investor to an investment group led by the company’s CEO.
This week: Fraud tech captures FreightTech awards’ top spot, Circle Logistics shares its fraud prevention strategy and Guy Fieri just wants his tequila back.
The owner of a Florida trucking and logistics company has been convicted for his role in a three-year truck investment Ponzi scheme that bilked investors out of $112 million.
There are some delays as Canada’s top import gateways work off backlogs of containers from labor-related shutdowns.
Freight asset intelligence platform GenLogs is now using its carrier identification data to help law enforcement solve thefts.
UPS, Advance Auto Parts, Great Dane LLC and Ryder Transportation Solutions recently announced a total of 1,277 freight-related job cuts.
Josh Allen, chief commercial officer at ITS Logistics, spoke Thursday about investments the logistics industry should make in 2025 to develop their companies and workforce.
High tariffs on Chinese imports, promised by President-elect Trump, will likely slow U.S. trade in 2025 as uncertainty hinders investment in reshoring of manufacturing, a trade analyst predicts.
Adam McElhinney, the CEO of Uptake Technologies, spoke about what opportunities the logistics community has to utilize AI.
Bill Driegert, head of trucking at Flexport, spoke Wednesday at the F3: Future of Freight Festival in Chattanooga, Tennessee, about technology that is transforming the trucking industry.
Intermediaries and incumbents roared back in the FreightTech 25 rankings during a protracted soft market for freight.
After a pullback in lending from private equity- and VC-backed firms investing in supply chain tech after the COVID pandemic, Benjamin Gordon, founder and managing partner of Cambridge Capital, says there’s been a resurgence in strategic M&A.
At FreightWaves’ F3: Future of Freight Festival, trucking-focused attorney Matthew Leffler said the $100 million-plus Werner case is “the most important case facing the trucking industry now.”
FreightWaves’ F3: Future of Freight Festival continued into its second day with more rapid-fire FreightTech demos on Wednesday.
Trucking companies like less regulation, and that’s what they’ll get under a Trump administration. But executives should be careful what they wish for, experts at FreightWaves’ F3: Future of Freight Festival said.
Frank Kenney of Cleo gives insight into the undeniable market trend toward more data visibility and transparency as a selling point for any clients in the freight industry. Every company has unique needs and models, and those needs are best served by being as open as possible.
Speaking at FreightWaves’ F3: Future of Freight Festival, John Larkin, senior partner at Venture 53, discusses what he looks for in an early stage company.
Covenant Logistics Group CEO David Parker predicted at FreightWaves’ F3: Future of Freight Festival on Wednesday that there will be year-over-year peak season growth in the trucking industry. (Photo: Jim Allen/FreightWaves)
On a recent episode of WHAT THE TRUCK?!?, Optimus Technologies talks about the impact of biodiesel and what the election results mean for clean fuels.
Ryan Joyce, a former CIA operations officer, drew on his experience tracking terrorist networks to execute the company strategy to fight freight fraud.
Nikola Corp. leader Ryan Clayton said the rising demand for hydrogen could require as many as 50 fueling stations in the next three years to meet the need.
FreightWaves’ F3: Future of Freight Festival saw speedy demos from over a dozen industry innovators sporting all kinds of FreightTech.
Mexico City-based Solvento has raised $12.5 million in a Series A round to help provide trucking companies with access to payment solutions.
The American Apparel & Footwear Association said the U.S. should do more to protect Mideast shipping as attacks on vessels spur “unsustainable” higher costs and delays.
‘Business Wars’ host David Brown talks about supply chains and success stories at FreightWaves’ Future of Freight Festival.
This year’s F3: Future of Freight Festival will pull into the heart of Freight Alley in Chattanooga, Tennessee, Nov. 19-21.
Smitha Raphael, chief product and delivery officer at SnapFulfil, highlights why flexibility and seamless integrations in warehouse management tech are now top priorities for 3PLs and B2C companies.
The New York Shipping Exchange announced it has closed a Series C funding round and launched a series of shipping rate indexes.
Amazon, DHL, GXO, Kuehne+Nagel, Pepsico and True Value Co. are among firms announcing job cuts, according to a new round of worker reduction notices.
Freight Masters Inc. owner Herman Shaw was sentenced to 30 months in prison for his role in a scheme to defraud the Paycheck Protection Program.
Four new container cranes will help the Port of Virginia handle ultra large container vessels at Virginia International Gateway.
The U.S. Class I railroads have turned the corner on service and resiliency and are poised for volume growth for the first time in years.
A California logistics company has filed for bankruptcy protection, citing the loss of its largest “anchor” customers as one of the main reasons it is seeking to reorganize.
Previously known as FreightWaves SONAR, the supply chain data platform rebrands to “SONAR,” highlighting its core focus on the supply chain data platform.
Blanket tariffs, like any other tax, may include certain exemptions. It is these exemptions — not the tariffs themselves — that are the real tool.
New York Gov. Kathy Hochul announced the state would continue plans to enact congestion pricing tolls in New York City, drawing criticism from the Trucking Association of New York.
President-elect Donald Trump’s tech policies could boost FreightTech for AI, warehouse automation and 3D printing.
Samsara Inc. filed a new lawsuit accusing rival Motive Technologies CEO Shoaib Makani and its executives of engaging in a “multi-year campaign to procure Samsara Trade Secrets” to compete with Samsara in the fleet management market.
Welcome to the inaugural edition of Fraud Watch, FreightWaves’ dedicated newsletter tackling the burgeoning crisis of freight fraud.
Supply chain services giant Kuehne+Nagel said it has acquired a majority share of IMC Logistics, a marine drayage provider handling 2 million TEUs per year.
If China retaliates against tariffs on exports to the U.S. with its own tariffs, it could increase prices for Chinese consumers.
After Uber recently announced bookings growth, the company has launched a broker offering that could help support future shipment growth and brokerage penetration.
A Florida jury awarded $125 million in punitive damages and $16.5 million in other damages against a small trucking company that no longer exists.
FedEx is strengthening its air network in Latin America with two new flights linking markets in South and Central America with Miami, the company announced.
PS Logistics announced it has acquired Louisiana-based flatbed carrier Fluker Transportation for an undisclosed sum.
Orderful has raised $15 million with NewRoad Capital Partners to help expand Orderful’s offerings, including self-service EDI tools for small and midsize businesses.
A federal bankruptcy court has denied a request to reconsider its ruling on withdrawal liability claims against Yellow Corp.
California’s attorney general’s office has filed a brief against OOIDA’s attempts to block the AB5 independent contractor law from the state’s trucking sector.
Radiant Logistics beat expectations for the recent quarter and expects an uptick in gross profit during the last quarter of the year as it supports hurricane relief efforts.
Smaller railroads have received $2.6 billion for more than 220 projects since the inception of the Federal Railroad Administration’s Consolidated Rail Infrastructure and Safety Improvement grant program.
The freight industry must take a series of steps to combat an epidemic of fraud.
Uber Freight’s payout to Greenbriar signifies a shift, highlighting both Uber Freight’s evolving valuation and the foresight of Greenbriar’s strategic financial protections.
With the next Trump administration expected to drive regulatory changes, experts anticipate a surge in M&A activity across retail, e-commerce and FreightTech, as companies like Amazon and DoorDash look to expand in a pro-business environment.
While imposing tariffs in the past has done damage to the U.S. economy, today’s incoming tariffs are likely to have a different outcome for a multitude of reasons.
Air Transport Services Group said fewer aircraft in revenue service plus higher expenses led to a reduction in core operating profit during the third quarter, but the current quarter is expected to be better.
Consumers are concerned that imposing tariffs means retailers will raise the price of goods. But retailers are likely to look for other sourcing options and new strategies.
BNSF Railway, CSX, and Union Pacific filed lawsuits against the Federal Railroad Administration today for its failure to act on a half dozen safety waiver requests that in some cases would allow railroads to scale back visual inspections in areas where they have deployed new high-tech train and track inspection systems.
China isn’t about to let its export market go belly-up. Instead, it will do what it always does – pump money into its industries to soften the blow of U.S. tariffs.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Craig Fuller; Molson Hart; Thom Albrecht
The United States Maritime Alliance and the International Longshoremen’s Association are scheduled to resume bargaining next week on a new master contract covering 45,000 workers at 36 East and Gulf Coast ports.
Proficient Auto Logistics had warned of a weak quarter. The numbers released Friday proved that projection correct.
After the most prolonged freight recession in history, the market has been showing signs of recovery over the past few months.
Bharath Krishnamoorthy, co-founder and CEO at Denim, discussed the ways freight brokers streamline their operations.
As public confidence in autonomous vehicles continues low, autonomous trucking developers are reeling in safety data from third-party experts.
Donald Trump’s election victory has huge implications for U.S. trade and tax policies, climate change, the war in Ukraine, electric vehicles, and illegal immigration. Here is a summary of policies he has said he will pursue in his second term.
COVID-19, a shift in China’s main focus, an imbalance in U.S. trade with China and more all mean reassessing how nations engage with global trade.
