Hub Group sees a strong demand environment continuing as most of its customers are operating with lean inventories. The company expects tight freight fundamentals to create a favorable rate environment in 2021.
Air Transport Services Group’s freighter leases offset financial losses from its grounded passenger planes.
Universal Logistics reported revenue of $365 million during the third-quarter, a 2.8% decrease compared to the same period last year.
Sales of used vehicles set a record, up by two-thirds from a year ago and 40% sequentially
The e-commerce retail and logistics giant’s bottom line is healthier than ever.
‘Significant accomplishments’ in 2020 will be followed by game changers next year.
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.
Chassis manufacturer anticipates chassis shortage as COVID-19 subsides as well as desire among pool operators to replace aging units.
Wex said global uncertainty around COVID-19 affected its fuel card payment processing and corporate travel segments during the third quarter.
Shippers that trust their technology also trust their technology provider. That’s why XPO’s Connect platform resonates with shippers.
The future for the Shopify Fulfillment Network could involve highly automated warehouses with robots in different parts of the world, says CEO Tobi Lutke.
Operating income up 21.7% while revenue up just 2.7%; performance far better than Wall Street forecasts
Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still has ample cash to pursue other initiatives.
Procurement teams would have to change strategies from being reactive to proactive to handle black swan events or global trade standoffs.
Kirby tops earnings expectations on lower costs despite COVID and hurricane hits to demand.
Autonomous trucking company Plus has filed its safety self-assessment report as concerns persist about the usefulness of the voluntary reports in determining the safety of a given self-driving system.
Danish third-party logistics services provider’s bottom-line benefits from easing COVID-19 during summer months.
The Defense Department, the biggest logistics organization in the world, is putting its expertise to work developing a strategic plan for efficiently delivering a COVID vaccine to every corner of the country.
Canadian e-commerce company Shopify grows profits and revenue in third quarter as COVID-19 accelerates move from mortar to online shopping.
Its sale from a bankrupt firm complete, Rand rolls out new product, has been generating cash for more than a decade
Prologis Inc. announces the completion of the largest-ever portfolio sale of logistics warehouses in the U.K.
Werner Enterprises sees the current tightness in the truck market continuing into 2021 as inventory restocking will take multiple quarters to accomplish and drivers are in short supply.
The railroad will be idling rail yards around Atlanta and will cease humping operations at its Macon, Georgia, yard.
In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by […]
TuSimple has secured property for a new logistics hub in an innovation zone located near the Fort Worth Alliance Airport.
Werner Enterprises’ third-quarter result comes in ahead of analysts’ forecasts.
Kalitta Air’s order of 777 passenger-to-freighter converted aircraft is an industry first.
COVID vaccines will be the highest priority for air cargo companies, and that means other types of shipments could sit in warehouses waiting to catch a flight if space is short.
“Efficient and safe delivery of COVID-19 vaccines around the world is the most urgent logistics challenge we face today.”
Higher U.S. operating costs take center stage in discussion of company’s outlook.
Orbcomm Inc. reported a loss of $5.5M in its third quarter and a net loss of $0.07 per share. The company had revenue of $61.7M for the quarter.
A half-dozen basic physical characteristics of ocean containers should be considered before shippers or their packers stuff them.
In quarterly earnings report, company reports decline in revenue but big jump in net income
Data Gumbo uses blockchain to automate transactions between buyers and sellers using a combination of data held by those parties and other third parties as verification.
A new report from Prologis shows potential for a “critical shortage” of logistics real estate by early 2021.
The freight industry is inching closer to electrification and autonomy, and much of the action is taking place in the distribution yard. Among the beneficiaries is Outrider, a startup that […]
The Eastern U.S. railroad reported an adjusted net income of $643 million in the third quarter of 2020, compared with $657 million a year ago.
Revenue climbs to more than $21 billion, a near 16% gain.
Logistics giant Ryder System has launched a venture fund targeting startups in supply chain and transportation tech.
Hivemapper, a crowdsourced mapping network, will expand its collection model to include capturing data via cars and trucks.
Revenue and earnings beat estimates; improved OR might not stick but there are broader goals at the company
Managing for yield, Robinson shuns truckload volume growth to take a double-digit price increase.
Airlines have cut costs to the bone to survive the COVID pandemic. Shrinking the bone — maintenance, airport fees, labor and aircraft rent — is more difficult.
Company claims over 400,000 drivers and approximately 93,000 commercial vehicles will get relief from the waiver.
Less-than-truckload carrier Old Dominion looks to build on its record third-quarter operating ratio in what it expects will be a “robust” 2021.
David Fisher’s 30 years of industry experience is expected to advance the university’s graduate program for transportation, logistics and supply chain executives.
Amazon gets the pick of the litter. Its latest hire is an American Airlines executive picked to run local terminals.
Two of the biggest names in trucking and autonomous vehicles to partner on Class 8 truck development and deployment
Less-than-truckload (LTL) carrier Old Dominion sets a new operating record on its way to a 19-cents–per-share third-quarter earnings beat.
A former Ingram Micro executive to run the $3.2 billion enterprise logistics and brokerage firm.
Crowley has the Jones Act-compliant marine transportation assets to accommodate the start of the burgeoning U.S. offshore wind industry.
Company had forecast an OR in the low 90s and got there; tractors reduced but Parker says it’s part of the plan
Deutsche Bank’s geofencing data shows less-than-truckload terminal activity at XPO accelerated during the third quarter while other carriers saw moderation.
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.
If truck-specific tolls are set there, expect the practice to spread to other states, group head tells virtual meeting
The railcar manufacturer sees mid-2021 as a possible time frame for a post-coronavirus economic recovery for the rail industry.
ABEJA has developed proprietary tools to ensure that its AI Consulting engagements do not metastasize into endless ordeals.
Modus operandi: Invent expenses for drivers, send them to her account rather than the accounts of those behind the wheel
Control of the Senate will be critical for the 2021 reauthorization process.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
The challenges of delivering a coronavirus vaccine to 8 billion people are immense, but over time more logistics companies will be able to participate as shipping tolerances ease.
While EDI is a standardized way of data transfer, API provides flexibility and allows companies to customize and call the data sets that they want whenever they want.
The railcar lessor has developed a new strategy that will focus on providing rail-related services and products as part of a broader effort to boost its profitability.
During the FreightWaves Cold Chain Summit, CKE’s director of logistics talks about the breakaway success of Beyond Meat products.
41 sentencings since 2016 resulted in 54 years of incarceration for CDL violators.
State’s suit to compel adherence to the law gets a boost; expensive campaign to allow ride-share drivers to remain independent contractors heads toward the finish line
Automated storage and retrieval systems are making the move into cold-storage real estate.
“Inside the Four Walls of Cold Chain Mobility” was the topic of a virtual fireside chat at the FreightWaves Cold Chain Summit.
UP expects longer and heavier trains in its future as it seeks to take more intermodal market share away from trucks.
German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
New tech, marketing and sales solutions augment Lean’s original back-office staffing service.
On this week’s Drilling Deep, host John Kingston brings in his colleague Mark Solomon again to talk about the state of the U.S. Postal Service. Solomon was a guest on […]
Large parcel carriers’ technology and transportation networks are buckling.
Clock is ticking for federal prosecutors to decide their next steps after appellate court overturned former Pilot President Mark Hazelwood’s conviction,
OR improved for the company; on analyst call, Fuller says there will be bumps in the road on the way to a new operating model.
Valuations are high and going higher heading into 2021, experts say at Armstrong conference.
Supply chain solutions technology provider Manhattan Associates sees favorable long-term tailwinds as multichannel retail delivery expands.
TFI International reports a large jump in Q3 profits as strong performance from e-commerce heavy-logistics business and wage subsidies make up for weakness in truckload and LTL.
State officials were among the guests cheering for the ports’ fiscal-year successes.
Q3 performance contrasts with loss in corresponding quarter last year
American Airlines achieved a $77 million quarter-over-quarter gain in cargo revenue thanks to stepped-up cargo operations and favorable market rates.
The company is also eyeing opportunities to develop its real estate offerings and will bring on more assets to handle additional volumes, executives said during CSX’s third-quarter earnings call.
Investigators charged Bogdan Vechirko, 35, of Otsego, Minnesota, with threats of violence and criminal vehicular operation on Thursday. He allegedly drove through a large crowd of George Floyd protestors on the Interstate 35 west bridge near Minneapolis on May 31.
ZUUM brings shippers, brokers and carriers together to create synergy by resolving the fragmentation in technology adoption, data and capacity.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
Expectation, though not stated explicitly, is that the latest group of guilty pleas to federal charges signal cooperation with prosecutors
Alaska Airlines is slowly improving its financial outlook month by month, but it still lost about $400 million in the third quarter.
In assessing customer service in transportation, data is necessary but not sufficient.
The autonomous trucking company is moving toward commercialization of Level 3 trucks, with mass production to start next year.
Lower fuel prices drove Union Pacific’s operating ratio lower. Meanwhile, third-quarter net profit fell 12% year-over-year.
COVID-19 keeps bookings soft, planes parked during quarter.
Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.
Rush Enterprises reported lower Q3 sales and earnings. But the truck dealership network exceeded analyst estimates in both top and bottom line.
Forward Air sees 60 cents per share in the third quarter. The earnings pre-announcement comes in significantly higher than analysts’ current forecasts.
Larkin of Clarendon sees record year ahead if things break right.
Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.
Canadian trucking and logistics company Mullen Group reports continued headwinds from the pandemic in Q3 as government wage subsidies help offset drop in revenue.
Tesla (NASDAQ:TSLA) reported third-quarter revenue of $8.77 billion, a year-over-year increase of 39%. The total from the company came in higher than estimates of $8.26 billion. Automotive revenue was $7.6 […]
Just like its other Class I counterparts, CSX grappled with lower volumes year-over-year in the third quarter as the broader economy recovers from the COVID-19 pandemic.
Documents indicate company was in a financial bind before private equity company Teleo scooped it up
