Business

M&A is being blocked by weak share pricing among buyers and lack of desperation among sellers.

California’s Department of Toxic Substances Control is accused of failing to enforce environmental law.

Multiple Lebanese government agencies may have known dangerous ammonium nitrate was stored in a warehouse.

Korean Air is a unicorn among passenger airlines. It made a profit in the second quarter, a remarkable feat given the depressed state of the airline industry.

After the revision of the June numbers, July preliminary trucking employment is less than where the market thought it was a month ago.

The combination of artificial intelligence and machine learning are allowing XPO’s brokerage operation to offer more visibility into pricing, capacity and tracking.

City checks off many of the distribution center site boxes.

Process to put the two together involved numerous Koch-owned shippers, including Georgia-Pacific

Even as trucking jobs rose, rail jobs declined

Cold storage facility operator Americold Realty Trust’s second quarter was slightly below expectations on choppy demand and increased COVID costs.

Freight segment’s EBITDA improved slightly but still in the red

Airlines are saving every penny possible and with so few people traveling they don’t need more airplanes. That’s hurting sales at Airbus and Boeing.

Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.

President Trump says he has reimposed U.S. tariffs on Canadian aluminum imports in response to the market being flooded.

Lead times within electronics supply chains are increasing due to trade wars, COVID-19 and the lack of raw materials.

Containers are used to carry imports to the U.S., but they also carry exports from the U.S. The agriculture industry depends on them, but COVID-19 has caused the system to fray…

Container carriers are rerouting goods and assessing damage following Tuesday’s blast.

Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.

Atlas Air Worldwide’s big cargo planes have been in flying full tilt since the novel coronavirus metastasized in March. Combine that with high rates and you’ll understand why r revenue and profit grew so much in the second quarter.

Flatbed carrier Daseke’s turnaround starting to show fruits. Stock pops more than 15% on better-than-expected second quarter.

Redwood Logistics’ latest integration platform offers users the ability to manage their supply chain with added speed, scalability and security.

Multipurpose marine terminal operator Enstructure says the purchase of Ambassador Services in Port Canaveral establishes its presence in U.S. Southeast.

Sunnyvale, Calif.-based Trimble is a provider of technology solutions for trucking companies, private fleets, freight brokerage, and third-party logistics providers.

Air Transport Services Group

Federal government asked to contribute $3 billion to cover projected losses.

Amazon plans to build its seventh facility in Florida.

Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.

YRC Worldwide expands regional next-day service throughout the South. The announcement follows similar expansion plans from competitors.

Flock Freight, which is building a shared truckload solution for LTL loads, has achieved B Corp certification for its sustainability efforts.

In the past decade, the number of cybersecurity events went up by over 700%.

Utilizing an open-platform approach allows technology developers to focus on core product development and provide quicker ROI to fleet customers.

Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.

TravelCenters of America has been forced to close some restaurants again as an increase in COVID-19 cases has tightened restrictions on dining out in some regions.

In today’s edition of The Daily Dash, YRC is looking at a large equipment buy, C.H. Robinson adds new shipping options to Freightquote and a turf haulers group finds out it doesn’t need to follow HOS.

The cargo divisions at Air Canada, IAG/British Airways and Air France-KLM played dominant roles for their respective airlines in the second quarter, creating cash flow. Typically, they barely register on the financial statement. What happened?

Former Uber executive Anthony Levandowski was sentenced to 18 months in prison on Tuesday after pleading guilty in March to one count of stealing Google trade secrets.

Lebanese officials blame confiscated highly explosive material for the blast, according to reports.

The U.S. Federal Maritime Commission found during its Fact Finding 29 investigation that the Port of New York and New Jersey showed supply chain resolve during the coronavirus pandemic.

Jim Blaze explores the state of the major railroads that operate in Mexico – particularly Kansas City Southern, which is rumored to be a takeover target.

Forager’s SCOUT platform helps shippers manage the volatility of cross-border freight imbalances.

Tonnage is down but overall revenue from its air freight activities boost revenues in that sector

Trade has been destabilized by the pandemic. Can trade credit insurance help de-risk trade to a degree and help solidify supply chains?

Two logistics parks are in operation nearby and more are to come in Alabama.

C.H. Robinson has added new shipping tools to its Freightquote by C.H. Robinson platform, including the ability to hire a tasker through TaskRabbit.

YRC management believes it will take four to six quarters to complete $400 million worth of equipment replacement.

YRC Worldwide’s second-quarter loss came in ahead of expectations. The earnings call is likely to focus on the company’s path forward.

Overall strength in the freight economy continued to drive the Trucking Freight Futures markets higher across the board last week, as the spot National contract set another all-time weekly record by climbing $0.075, or 4.5%, to $1.727 per mile.

With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.

Old Dominion Freight Line says it has expanded its network of service centers by nine so far in 2020. The expansion will facilitate the carrier’s efforts to grow market share.

Startup electric truck maker Lordstown Motors takes trendy reverse merger route to public ownership, and a $1.6 billion valuation.

LaQuenta Jacobs promoted to provide cultural leadership and strategic direction.

FreightWaves and EKA Solutions, Inc. announce a collaboration to bring more data to EKA Solutions’ clients.

With possible permanent loss of some of its retail base, TFI will need to take steps that may include acquisitions, the company’s CEO said.

Mass adoption of electric vehicles will happen when they are comparable in cost and performance to internal combustion vehicles.

The Carol Tomé era has arrived with a bang.

Acquisition for TFI is fourth in the last two months

While revenue for Universal Logistics Holdings’ truckload, brokerage and intermodal segments all declined during the second quarter, the CEO said he was pleased with the “anticipated direction of our current operations.”

Numbers for the division were far worse than those of peers like Old Dominion and Saia; Deutsche Bank recommends breakup of the company

DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.

Forward Air lays out plans to expand its less-than-truckload footprint. More terminals are expected to open this year.

In conference call, CFO Satterfield discusses some flaws with other measures of LTL profitability

Company one of 12 airline contractors under loan scrutiny.

Federal prosecutors have recommended a 27-month prison sentence for Anthony Levandowski, the former head of Uber’s self-driving division, as well as three years of supervised release.

A small trucking company and a logistics firm filed for Chapter 7 bankruptcy protection in late July.

Amazon cautions that the company is running out of fulfillment and delivery capacity.

Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.

The important barometer is down about 10 percentage points on decline in XPO LTL revenue that outstripped cutbacks in expenses.

On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million.

Amazon reported strong second-quarter revenue and profits as it benefited from the rapid acceleration in e-commerce demand due to efforts to control the spread of the novel coronavirus.

A critique of state and federal AV safety standards and an Uber mea culpa shaped a panel discussion on lessons learned from the high-profile Uber crash that took place in 2018 in Tempe, Arizona.

Jacksonville, Florida, port this week also welcomed the largest LNG-powered ro-ro vessel on its maiden voyage to the United States.

Improving demand and truckload fundamentals are expected to drive third-quarter growth. The carrier’s growing cash balance garners some attention.

Whenever there’s a transaction in the supply chain, there’s an invoice. And a lot of those invoices get processed by US Bank, which has long had a large amount of […]

WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.

The railroad aims to take market share away from trucks through expanded offerings in the Southwestern and Southeastern U.S.

Project considered critical to developing federal safety standards and guidelines.

“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.

LTL carrier’s earnings per share beat Wall Street estimates even as revenue was mostly flat with consensus.

DHL located a new life sciences warehouse in Indianapolis because the city has many pharmaceutical companies in the area.

Brazilian startup aims to provide tools for freight forwarders to create and maintain partnerships.

UPS’ quarterly results are much better than analysts anticipated.

A truck driver was awarded nearly $8 million in California after his leg was partially amputated following a forklift mishap.

Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.

Kentucky lumber processor filed for bankruptcy, leaving several flatbed carriers in the lurch for thousands in unpaid freight bills.

A warning last week from federal law enforcement on the cybersecurity risks associated with electronic logging devices (ELDs) has raised awareness in the trucking industry on the potential costs of getting hacked.

Law outlines penalties of up to $20,000 per day for noncompliance.

Accelerated depreciation of the value of its inventory has been a key financial undertaking this year, and is a topic of discussion on the company’s earnings call with analysts.

Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.

The export plant employs 2,000 workers and makes electronic parts used in vehicles manufactured by Chrysler, General Motors, Ford and others.

GlobalTranz is now offering a Final Mile solution for shippers looking to manage delivery of product to end customers.

Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.

Saia Inc. has a market capitalization of $3.33 billion and has 169 trucking terminals in 44 states.

Net income was hit by an earlier writedown of its used vehicle values; company doesn’t see that market getting back to pre-pandemic levels until 2022

FourKites has officially released its Dynamic Yard product, a combination of yard management tools acquired earlier this year with its own visibility platform, to provide shipment visibility from yard to end customer.

Autonomous vehicle (AV) companies are emerging from a tumultuous period defined by layoffs, delayed timelines and consolidations, but the industry remains hamstrung by lack of physical and digital infrastructure, a […]

Boeing commercial aircraft deliveries fell by more than half over the past six months, compared to the same period last year.

Second-quarter rail volumes fall by 26%.

ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.

In today’s edition of The Daily Dash, opposition to the federal excise tax ramps up efforts to suspend the tax, CSCMP honors Matthew Waller and drivers sound off on their employers.

The stalled truck engine business will recover as it always does. But Cummins isn’t waiting around as it charges into making hydrogen and fuel cells for trains, ships and trucks.