Business

Operating profit “turnaround” of more than $300 million reported.

GE Capital Aviation Services now has 74 orders for Boeing to convert versatile, narrow-body passenger planes for express and e-commerce services.

Uber and Lyft lose court case

Supply chain companies of all kinds have been targets for VC money in 2020. Learn why in this article.

High Definition Vehicle Insurance (HDVI) brings software solutions to an industry that has been slow to join the telematics revolution.

Magma has a nose for cargo. It will operate a new 747 that can open its front end to load big shipments.

Although the order volume for new railcars could be “lumpy” industry-wide, the railcar manufacturer hopes to take advantage of increased inquiries.

State-of-the-art rubber-tired gantry cranes will have 169 feet of lift height.

As more companies shift long-term to remote work, the security and accessibility to data among employees creates a logistical issue if current systems are not up to the task.

Titanium Transportation Group increased profits and continued to aggressively pay down debt even though revenues fell by almost 10% as the Canadian firm navigated the impacts of COVID-19.

TFI International announces share offering that could raise more than $200 million and give the Canadian firm additional firepower for more acquisitions.

Fleet size down by 10%; cutback in other costs highlighted company’s performance.

When times get tough, crude-tanker owner DHT starts buying. Times are getting tough.

“Key differences” also found between ELDs and calculating mileage-based user fees.

Lineage Logistics has added 24 locations to its network of cold storage facilities through a series of acquisitions. The announcement follows a few large deals Lineage announced recently.

Don’t confuse Florianopolis with Indianapolis. It’s in Brazil and LATAM is flying freighters there from Miami.

Bulgaria-based Transmetrics is helping its supply chain customers by using augmented intelligence. Learn more!

Haultail democratizes visibility across last-mile networks, providing customers end-to-end transparency irrespective of the load in transit.

Commercial fishing is big business in Alaska. And like all industries, it depends on supply chains to work properly…

Fatigue may not play as much of a role in risky driving behaviors, but how long a commercial driver has been driving does, according to new research.

Mesa Airlines flies small regional jets on small routes for mainline carriers. Now it’s stepping up a size to the Boeing 737 so it can haul cargo for DHL. Find out how they are getting ready for the new era of cargo.

Total charges were more than $30 million as part of strategic shift

Workhorse Group lost a lot of money on paper because new borrowing was tied to its exploding stock price. But it has the cash on hand to build electric trucks into 2022.

Human error-related insurance claims represented over $1.6 billion in losses, according to insurance report.

Driver pleaded no contest to five counts of vehicular homicide, gets five consecutive one-year terms

The COVID-19 pandemic dented BNSF’s profits and lowered rail volumes in the second quarter.

The U.S. Postal Service said it has restored access to its online tracking system after an outage hit customers on Sunday.

PayCargo has become a force in the online payment of freight transportation bills and now offers coronavirus-impacted shippers and forwarders credit lines to smooth their cash flow.

Brannon Kuykendall and Mike Ellis are taking on new roles.

The U.S. Postal Service’s online tracking system went offline on Sunday. It came two days after USPS announced an organizational overhaul

Prosecutors argued against Meek traveling in December, saying keeping the kids back in the U.S. wasn’t a “surety bond.”

In documents related to the case involving 16,000 drivers, Brooks suggests a bigger verdict or deal beyond the agreed-to $16.5 million might have tipped the truckload carrier into bankruptcy; PAM CFO rejects the suggestion.

Moroun to remain as chairman, cites new CEO’s acquisition experience as a plus

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.