Business

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.

Trucking company cites benefits from new digital technology as key reason; gain in one key OR from the first quarter is 500 basis points

Rail equipment manufacturer Wabtect expects sequential rail volume gains to support the company’s global sales in the third and fourth quarters.

Most small-company truckers are equipped with ELDs despite exemptions.

Digital platform is designed to provide shippers end-to-end transparency.

NAST margins narrowed, but volumes held up relatively well.

Supply chain strategy set “to seamlessly and efficiently import materials and export tires to global markets.”

No price was disclosed on the purchase of Ansonia by one of the credit industry’s leading firms.

Brian Aoaeh continues his commentary series on artificial intelligence and how it is changing supply chains.

Darren Prokop’s commentary concerns whether price gouging is taking place on container shipping between Asian ports and the U.S.

Boeing has received orders from DHL Express to convert four 767-300s to all-cargo configuration and from AFG for two 737-800 converted freighters.

Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.

Large group of House Democrats support getting rid of the tax through 2021, but no public backers yet in the Republican Senate

Can anyone top Amazon when it comes to FreightTech innovation? Nominations for the annual FreightTech awards are now open.

As Amazon tightens the rule for users of its fulfillment service, competitors are seeing an opportunity

It’s not an accident that United Airlines’ cargo business in the second quarter dwarfed that of Delta Air Lines and American Airlines.

Ohio Freightliner salesman John Lalonde was sentenced in federal court Monday. Investigators say he was able to undercut competitors by approximately $20,000 per customized expeditor truck by failing to pay the 12% federal excise tax.

Earnings per share exceed analyst forecasts

Waymo’s safety team highlights the importance of human factor in building and deploying self-driving vehicles on public roads.

USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.

The Trucking Freight Futures markets continued to plow higher across the board last week, reflecting the overall strength in the freight economy, as the spot National contract set another all-time weekly record by climbing $0.072, or 4.6%, to $1.652 per mile.

Orient Overseas Container Line briefly outlines performance for the second quarter and first six months of 2020.

“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.

Roadrunner Transportation Systems to spin off global logistics segment, emerging debt-free in the process.

Intel RealSense, Righthand Robotics automate the warehouse sorting process

Raja Narayanan joins industry disrupter “at this pivotal time where the world is adapting to the new normal.”

No one knows how long freight will continue to break new records; only time will tell.

First Atlantic hurricane of the 2020 season could cause substantial flooding to south Texas and northeastern Mexico this weekend, delaying freight traffic at ports and land border crossings.

Contrasting with recent cases involving New Prime and Amazon, state’s highest court says transportation workers can be forced to go the arbitration route

While the storm is expected to weaken as it passes over the islands, Young Brothers pulls its interisland barges into calmer waters for the weekend.

More layoffs in Texas aerospace and freight services companies as coronavirus case numbers climb

Amazon Scout, the e-giant’s electric autonomous delivery robots, will now be delivering packages to neighborhoods in Atlanta as well as Franklin, Tennessee.

Wrecked car carrier, with some 4,200 vehicles on board, has been on its side in St. Simons Sound since September.

Carriers urged to verify security safeguards from suppliers before installing devices.

Trinity took a $369 million impairment charge because leasing small cube covered hoppers exposed the railcar lessor to the frac sand market.

Deal brings PS just over 40 new power units

Enterprises sometimes adopt several different SaaS products, only to end up with processes without cross-functionalities due to lack of integration.

The western U.S. railroad looks to take more market share away from trucks.

Chairman Michael Khouri explains how the U.S. Federal Maritime Commission keeps track of COVID-19-induced ocean container carrier sailing schedule changes for anticompetitive behavior.

The analytics function of this software can ultimately save fleets money, but it will be a team effort.

FreightWaves raised $37 million in two rounds of funding. Learn more about FreightWaves and Kayne Partners, which led one of the rounds.

Company raises guidance for the rest of the year.

P.A.M. Transportation points to automotive manufacturing closures as reason for second-quarter loss.

Fully driverless vehicles will take at least a decade to deploy over large areas, and adoption will occur at different rates across the country, according to an MIT brief.

Using a third-party administrator is touted as a way to ward off big verdicts against trucking firms.

American Airlines’ cargo revenue for the first half of the year was $277 million, or 37% lower than the first half of 2019.

Landstar’s earnings call outlines the company’s better-than-expected guidance.

Waymo is the exclusive technology partner for implementing self-driving technology across Fiat Chrysler’s full product portfolio.

Southwest Airlines wrote its second-quarter results in red ink — $1.5 billion to be exact. It is not alone. All airlines are suffering financially from the coronavirus crisis.

Thousands of crew members are stuck on board their ships due to COVID-19 restrictions. Learn more in Darren Prokop’s commentary.

Cautious optimism expressed for the June trucking market by analysts at both organizations

Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.

Coronavirus pandemic and economic uncertainty weigh on UP’s second-quarter earnings.

Volumes have been recovering swiftly, but headwinds make it difficult to predict when pre-coronavirus levels will fully return.

American Airlines lands $2.7 billion pretax loss in second quarter.

In today’s edition of The Daily Dash, autonomous-truck startup TuSimple may not be meeting revenue projections, Knight-Swift reports strong Q2 earnings, and a driver misclassification suit against New Prime reaches a $28 million conclusion.

Although the driver only worked in Massachusetts, he’s an interstate commerce worker. That changes the rules for settling disputes with the retail giant.

Canadian trucking and logistics firm Mullen Group reports a large drop in profits in its second-quarter financial results. But the company is positioning itself for recovery as business activity comes back.

Tesla will build its newest Gigafactory near Austin, Texas, chief executive Elon Musk announced during the company’s earnings call on Wednesday.

In second-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 gross revenues fell by 7.1% on […]

Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.

It is the electric vehicle manufacturer’s fourth straight quarterly profit.

The COVID-19 pandemic and a slumping economy dent CSX’s earnings.

Brian Aoaeh continues a series of commentaries on technology-driven innovations in supply chains, logistics and trucking.

World’s largest container shipping line is “committed to a carbon-neutral future of transport and logistics.”

Despite a 12% drawdown in volumes, CP reached a record second-quarter operating ratio of 57%.

An Ethiopian Airlines plane suffers extensive damage in a fire at Shanghai Pudong airport.

“It landed us where we are now with a bigger win rate and more business,” said Jeff Paul at Simple Logistics.

TuSimple may be the country’s largest self-driving truck company, but according to a Wednesday report in the Information, the company is struggling financially.

Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.

The debate sees Craig Fuller take on Zach Strickland over the possibility of a market recession due to the unprecedented scenario that we witness today.

Unisot has created a blockchain-based platform that helps bring end-to-end transparency in seafood supply chains.

RLS says customers want a flexible, responsive alternative to PE-backed roll-ups.

Workers to be covered stretch back to second half of 2012 through this year

Volvo Cars is facing supply chain issues from factories in Mexico, according to CEO Hakan Samuelsson. Samuelsson said supplier issues in Mexico and lower demand for its S60 sedans were […]

Knight-Swift posts solid second quarter and reinstates full-year guidance to a level higher than before the outbreak.