ArcBest joins other less-than-truckload carriers seeing a May rebound from April lows. A 10% stock bump from a rating upgrade holds into the second trading session.
“With digital logistics, you can democratize manufacturing to the point of consumption,” said James Regenor.
Move follows UPS fees implemented a few days ago.
Werner Enterprises is adding predictive freight matching and real-time shipment visibility tools as part of a broader introduction of Trucker Tools technology into its operation.
Heavy-duty truck maker Navistar reported a $38 million loss in its fiscal second quarter, the first look at the financial damage from COVID-19-related manufacturing shutdowns.
Third-party logistics services providers involved in international trade remain concerned about how their businesses will remerge post-COVID-19. They are addressing tough questions about what it will take in terms of staff, systems and office space to operate a successful company.
Cold storage consolidation remains hot. Lineage Logistics closes on Emergent Cold transaction, growing its already dominant global market share.
Public relations and marketing during a time of national crisis
Locus Robotics now has raised more than $100 million.
Postponement until completion of safety study part of $494 billion highway bill
Global stewardship includes aim to be carbon neutral by 2050
Action is based on used truck values
Collaboration allows mobile document capture and automated workflows within TMS
The global pandemic has strained relations between the U.S. and China. Will that cause the trade deal negotiated earlier this year to break down?
FourKites says it has cracked the code on delivering more accurate ETA information for LTL shipments
Less-than-truckload demand appears to have bounced off of an April bottom according to reports from carriers.
Digital freight forwarding startup Beacon raises $15 million in Series A investment.
Schneider has continued its recent technology innovations with FreightPower, an offering that unlocks more capacity for its shipping partners.
Transplace expands its mode optionality and network optimization to parcel.
Tire inflation company Aperia is trying to gain market share by offering its solution with no upfront cost. Plus, movie industry freight haulers have received an exemption from drug testing rules and a judge has denied FedEx’s request to dismiss a racial discrimination suit.
Alibaba.com has introduced three new services – a freight matching platform, financial services for small and medium-sized businesses, and virtual events connecting businesses with buyers.
Digital Container Shipping Association establishes internet of things standards for connectivity
Battery electric and fuel cell startup Nikola Corp., which surprised the trucking industry by having a “blank check company” back its bid to go public, expects its shares to begin trading under its own name on the NASDAQ later this week.
Until now, autonomous vehicle company Nuro had focused on food delivery
While less-than-truckload volumes may not have rebounded sequentially from April, one sell-side analyst sees acceleration in recent weeks as bullish for the industry.
Young Brothers will curtail service without rapid $25 million infusion of CARES Act funding from state regulators.
E-commerce giant lands patent for a system that will ensure “digital trust” in item tracking
Friday marked the last trading day for the May spot futures contracts, meaning on Monday, the June contracts become the spot contracts. On Friday, as well as for the week, the May contracts finished mixed with the spot National contract ending unchanged at $1.335 per mile.
American Shipper has partnered with Haven to develop a white paper that explores processes necessary for your organization to customize its workflow to capture the efficiency of the virtual supply chain.
Clearpath Robotics’ division closes Series C as it prepares to put more of its autonomous vehicles into additional warehouses and manufacturing facilities as demand grows during COVID-19 pandemic.
The deal gives DAT new access to shipper transactions for contracted freight.
Sysco, Svitzer, Adnavem and AddSecure add industry all-stars
Counterintuitively, a rise in book of business signals companies may have pulled down their revolving lines of credit
Focusing on risk management can help protect fleets from the pain of paying massive damages.
With final approvals in hand, German commercial vehicle mega-supplier ZF Friedrichshafen creates a new division for technology supplier Wabco Holdings, adding 12,000 employees.
“A lot of those small trucking companies, they’ll come back.”
FedEx reported to be exploring alternative growth path in Europe through stake in German parcel company Hermes.
In a lawsuit filed this week, Omnitracs claims that Platform Science has built technologies, including its Connected Vehicle Platform, based on patents owned by Omnitracs
Divided federal appeals court revived CRST’s driver-poaching lawsuit against TransAm
Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020
Saiz is lawyer with Rodey firm, needs Senate confirmation
Railroad volumes continue to drop. What might they do to increase volumes? Where are the volume increases going to come from?
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane assets in Alberta and Texas.
State Attorney General used new price gouging law to go after A1
Tolls on bridges, tunnels and roads are plummeting in the wake of the pandemic. Unlike the broader system of highways whose upkeep is paid for by the rapidly depleting Highway […]
15.6 million masks from FEMA going out to trucking, maritime, rail sectors.
Shippers get optimized supply chain management with real-time, dynamic capacity pricing
Lineage Logistics continues its hot acquisition streak, entering into an agreement to purchase Henningsen Cold Storage and its 14 facilities.
Wunder Mobility launches new offering that will make the company an all-in-one mobility solutions platform.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. News reports that Uber is re-evaluating non-core units […]
Litigious society wants someone to pay for coronavirus-related business losses
Coronavirus hit to Brazilian exports is a nightmare scenario for dry bulk — and cases in Brazil are mounting fast.
Rates for ocean transport of propane could surge if the worst of the coronavirus crisis is past.
Canadian supply chain software provider posts a 51% increase in net income, but says it will reduce its global workforce by 5% in the face of economic uncertainty
“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.
The courier and less-than-truckload subsidiary of Canada’s postal carrier had a decent first quarter considering the impacts of COVID-19 and C$1 billion expansion of its network.
Increases in beef and chicken inventories are in contrast with reported meat shortages. The rise in inventory bodes well for the already burgeoning cold storage sector.
Amazon is looking to acquire self-driving technology startup Zoox, with talks being underway between the two companies.
The retail apparel sector has been among the hardest hit by the COVID-19 pandemic. Learn how international trade, supply chains and tariffs complicate things further.
The Neurored platform connects health care organizations and government agencies with PPE sourcing and transportation experts
Expeditors International sees digital platform acquisition as key to advancing its less-than-truckload shipping platform.
The direct mail segment accounted for 23% of USPS 2019 revenue, which is decreasing as a direct result of the pandemic.
Program was for eight weeks, starting in April, setting up an end to some protection
Leasing companies say a neutral chassis pool lacks incentive to invest the tens of millions of dollars each year to maintain viable chassis equipment.
How COVID-19 is changing Uber’s focus; diesel inventories rise tremendously; preparing your freight sales team to return to normal; and so much more!
U.S. retailers face two options: selling at a discount in the domestic market or going online to sell globally.
Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall
$26.5 million ‘nuclear verdict’ stands in fatal road-rage crash in Oregon
Kuehne + Nagel’s Bill Rooney takes aim at RFQs and bunker surcharges in remarks to Agriculture Transportation Coalition
On today’s Memorial Day weekend episode, we talk about broker margins coming in weak, Gartner’s Supply Chain Top 25, woeful auto cybersecurity, and can supply chains cause allergies?
Ship calls and volume expected to pick up in July, officials from South Carolina and New York/New Jersey ports tell the Agriculture Transportation Coalition
Fleet Advantage offers book value cash and leasebacks to help trucking companies weather the economic crisis while banking on selling them new trucks down the road.
Pennsylvania Turnpike cites surge in e-commerce as a factor.
Quick action sets the bar for terminal operators across the country, says Agriculture Transportation Coalition chief
Putting on a virtual event is a complex and difficult process. FreightWaves CEO Craig Fuller provides an overview of what went into putting on the recent FreightWaves LIVE @HOME, a three-day virtual event that raised the bar.
Panel of importers and exporters will advise the U.S. Federal Maritime Commission on policies of competitiveness, reliability, integrity and fairness in ocean shipping.
Pharmaceutical supply chains are becoming increasingly complex as the path from production to consumption isn’t as linear as one may think.
Lineage Logistics’ bid for food service distributor Maines expected to save 850 jobs.
Port of LA chief promotes nationwide port optimization system to enhance visibility and improve execution
Digital freight matching has pushed the industry to adapt.
Abduvosit Razikov, chief executive of DM World, who was individually named in the breach-of-contract lawsuit, isn’t new to the trucking industry, having started at least four companies in Florida since 2008.
U.S. Federal Maritime Commissioner Rebecca Dye said Fact Finding 29’s work will help the American ocean shipping industry better prepare the supply chain for the post-virus economic recovery.
FourKites has announced several new features, including paperless document transfer and communication tools, to enhance worker safety, improve shipment tracking, and speed payment processes.
Tanker owners increasingly point to upside to come after floating storage unloads.
Fleet management solutions provider also raises $400 million in equity to help sustain operations during coronavirus downturn
U.S. Federal Maritime Commission finds sufficient credibility in Lake Carriers’ Association petition to support invoking rarely used 1920 Merchant Marine Act investigative authority.
In some states, companies are now allowed to bring their employees back into the building. That process may end up being far more complex than anticipated.
Covenant Transportation Group provides an update on the ‘strategic plan,’ announced breakeven results in April during first quarter conference call.
Jim Blaze writes about the advantages to the railroads of rebuilding locomotives instead of buying new ones.
Salesforce Labs has launched the Supplyforce Bot on Salesforce AppExchange to improve real-time communication within the supply chain. (Photo: Salesforce)
Recent stabilization in truckload markets with a recovery expected later in the year were some of the takeaways from Wolfe Research’s investor conference.
Chris McMillin of AIT Worldwide Logistics addresses how advanced technology can deliver supply chain solutions.
The partnership could help Microsoft usher in a new era of retail.
Covenant Transportation Group sees a breakeven April and noted that May trends have “stabilized” as it moves forward with restructuring efforts.
Pandemic-caused shortages put spotlight on importance of cargo moved through California ports
Driegert said that shipper expectations for technology and speed of execution have irrevocably shifted.
Wallbox, a smart EV charging company headquartered in Spain, closes second round of series A funding as it expands into the United States
Brian Aoaeh provides statistics and insight into how freight and shipping professionals are working during the pandemic.
Supply chain management solutions provider project44 said it has shippers covered no matter where and how their cargo is transported throughout the world.
