Drone technology provider to UPS Flight Forward aims for unmanned aircraft systems certification from the U.S. Federal Aviation Administration.
A $750 million external investment this week comes as an extension to Waymo’s $2.25 billion financing earlier in March.
If a sector or industry goes down due to COVID-19 and a carrier hasn’t diversified, that carrier might be following it.
World’s largest box carrier expects capacity cuts to mitigate volume downside.
Stifel’s David Ross announces that he is suspending his rating and estimates on YRC Worldwide and questions the company’s ability to survive.
Titanium Transportation Group reports 13.6% increase in revenue on the strength of its growing brokerage business in the United States and steady performance from trucking.
Bankruptcy law changes passed just in time; will trucking companies use them?
The coronavirus may be top of mind these days, but there are other viruses businesses need to worry about as well — viruses that infect computer systems through malware. Toll Group is the latest victim.
Japanese carrier tempers profitability news with financial concerns.
Freight Futures data to watch today: Spot month futures prices It was a calm start to the week for the Trucking Freight Futures markets as the spot National contract (FUT.VNU202005) […]
Food shipment volumes across restaurants and hotels are still down, while on-demand food delivery volumes have gone up during this pandemic.
Daseke selects current flatbed head to lead operations amid a multi-year restructuring effort.
An integration with 3PL Systems will make Trucker Tools’ Smarter Capacity platform available to all 3PL customers. Plus, a major airline failure could be on the horizon, online car buying could be here to stay, and more Pennsylvania rest stops open.
The world of transportation has changed due to COVID-19. Read about how shipping professionals are adapting to those changes.
Albrecht brings deep industry relationships and an expertise in transportation finance to the insurance company.
It is the first outside funding for the 10-year-old last-mile logistics tech company
Brett Hart served six months in 2015-16 as interim CEO of United Airlines while CEO Oscar Munoz recovered from heart surgery.
YRC beats expectations with the benefit of outsized gains on sales. Noting volumes were down 24% in April, management says it likely won’t satisfy debt covenants into 2021 and it opts out of questions on its call.
Agent-based 3PL had been looking for “tuck-in” opportunities.
The dry bulk market is getting hammered again — not a positive signal on the global economy.
Gene Seroka expects supply chain fractures may remain after the world heals from the coronavirus pandemic.
Former trucking company owner slapped with 15-month prison sentence for wire fraud
Emirates SkyCargo’s business fell in fiscal year 2019-2020, but the airline division is experiencing strong demand for its services during the coronavirus crisis.
One of the Middle East’s largest airlines targets freight to keep its more than 250 aircraft flying during the coronavirus pandemic.
The biggest loss before that in the past seven years: not even 10,000 jobs.
vHub, which connects owners of underutilized trailers with those looking for short-term trailer usage, has opened its platform to integration with most telematics systems. Also, China trade deal in doubt, retail imports fall and road funding drops.
Inadequate cybersecurity will allow attackers to hack into railway systems and stop trains, causing massive disruption to freight movement.
First female judge advocate general and chief counsel, a returning business development leader and a service center manager are announced.
It got $10 million that Clyburn maintains is for smaller firms
Diamond S boss sees tanker-market “trough” on the horizon.
But in looking at big picture, Executive Director Griff Lynch is celebrating small victories.
The transportation and warehousing sector sheds 10.4% of employees in April as Canadian Trucking Alliance calls for additional federal aid.
“Substantial” federal funding needed to maintain service, board chairman warns.
USA Truck continues to execute on its internal turnaround initiatives, but they have yet to bleed through and provide positive earnings results for the carrier.
Action is five years after a refining unit exploded, sending gasoline prices higher.
Harbor Trucking Association hosts a wide-ranging conversation with West Virginia senator.
Food supply chain warehouse operator Americold Realty Trust beats first-quarter forecasts, reiterates guidance and shakes off meat shortage concerns.
Meanwhile, Uber Eats had a bang-up pandemic-related quarter.
Social distancing because of COVID-19 has challenged warehouse operations, and the result could be a new push to bring more automation into facilities.
Management says “tough pricing environment” muted operational efficiency initiatives.
There’s still too much oil in the world and tankers are still filling up with the overflow.
Ransomware attacks are on the rise and transportation companies are a prime target.
The Trucking Freight Futures markets found their footing on Wednesday after falling off a cliff earlier this week as the spot National contract rose a fraction to $1.358 per mile
British Airways and its sister airlines are taking some comfort from increased cargo business and helping keep global supply chains intact, but the dominant passenger business is at least three years away from getting back to pre-crisis levels.
Like most industries, the work environment of brokers and 3PLs has changed dramatically in the last couple of months. Here are some tools that are being used to cope.
As demand for flatbed capacity sags, Daseke sees strength in some end markets and continues to push forward with a company-wide overhaul.
The COVID-19 pandemic has created choppy conditions in the airfreight market, but air cargo companies like Atlas Air are mostly seeing upside for their business.
Excluding several items, Daseke reported a near break-even first quarter. Demand headwinds in most of the markets it serves have ‘plateaued’ in recent weeks.
The U.S. wind energy sector is “a huge bright spot during these difficult times,” said Gene Lemke, vice president of projects at Anderson Trucking Service.
It’s aggressively moving away from “perpetual” sales to subscriptions.
An app aims to connect hungry drivers on the road to restaurants
Are larger funds now heading for the exits and giving up on tanker stocks?
Interest is rising in Workhorse’s electric truck-based drone delivery system as the company seeks $40 million credit line to scale production.
How the COVID-19 spotlight could accelerate change for global supply chain.
The need for social distancing will push companies to look at increased automation of their warehouses.
“We have the instant ability to integrate with any robot system on our platform.”
Canadian e-commerce firm says Q1 saw the largest increase in merchants joining Shopify Fulfillment Network as $1 billion push into Amazon’s territory continues.
ATA intermodal group alleges $1.8 billion in haulage overcharges
Amazon has expanded its brokerage service to 48 states, allowing shippers to easily connect with carriers on a digital platform.
The Honolulu-based carrier has used some passenger airplanes to transport face masks from China, as well as food and medical supplies between islands.
Self-driving fleet transports products for “middle-mile” delivery
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. A funny paradox says that there is a […]
ir Transport Services Group is making money from its aircraft leasing and outsourced transportation businesses as express carriers and other customers seek more aircraft to support supply chains.
Driver said pay should include tank wash revenues in the base, but he didn’t say it fast enough
Employees that are fired for falling asleep on the job can’t claim a disability after the fact, the U.S. Court of Appeals for the Fifth Circuit ruled.
FreightWaves LIVE @HOME kicked off its three-day virtual event with keynote addresses from J.B. Hunt’s Shelley Simpson, Revolution’s Ron Klain, and Echo Global Logistic’s Doug Waggoner among many others.
Public tanker owners post impressive earnings on an ugly day for tanker stocks.
Alaska Air lost $232 million on a net basis in the first quarter, but everything is relative these days and the loss doesn’t look so bad given the state of the airline industry.
The same health crisis that made TravelCenters of America an essential business during the coronavirus pandemic burned into non-fuel revenue in late March, leading to a first-quarter loss.
Nearly 80% of owner-operators and small fleets do not have plan in place, ATRI finds.
Singapore-based container carrier digs out from $586 million fiscal-year loss to report $105 million profit and procures 5,000 40-foot units.
Trucking Freight Futures went off a cliff on Monday, posting the largest single-day drop across the board since launch, as the market recalibrated after the April-to-May contract roll.
At FreightWaves LIVE @ HOME, the CEO indirectly pushes back against criticism of broker margins.
ArcBest managed through the first quarter largely unscathed by the coronavirus outbreak. That has all changed in April as revenue is off 20% year-over-year.
Industry experience, continual innovation drive J.B. Hunt 360 technology platform
Continental customers will switch from using the RoadLog ELD to KeepTruckin ELD solutions.
Kirby Corp pulls 2020 guidance but inland barge utilization is still strong at 90%.
FreightWaves CEO Craig Fuller introduced three new products at FreightWaves LIVE @HOME – Lane Signal, SONAR Signals and Mission Control.
Idelic and Samsara have forged a partnership where Samsara ELD and camera data will be integrated into Idelic’s driver management platform. Plus, GE cutting 25% of aviation workforce, Amazon exec quits over employee firing, and road funding takes a hit.
ArcBest sees “one of the best first quarters” in company history, but COVID-19-related demand headwinds took a toll on April’s results.
API integrations with shippers and carrier density were key.
In a transformational partnership for a growth-stage company, Platform Science will embed connectivity software at the factory in Daimler Trucks beginning in 2021.
XPO Logistics Inc. (NYSE: XPO) on Monday reported first-quarter revenue of $3.86 billion, down from $4.12 billion in the first quarter of 2019, as the COVID-19 pandemic in mid-March derailed […]
The family of a Wyoming man killed in a head-on tractor-trailer crash has filed a wrongful death lawsuit against the driver and trucking company
The railcar lessor is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile crude oil market.
Trump says meeting with administration officials “will work out well.”
Freight Futures data to watch today: May “spot” month settlement prices Friday marked the first trading session for the May “spot” month Trucking Freight Futures contracts. The spot National contract […]
Multimillion-dollar backlog will help the rail equipment and locomotive manufacturer stay afloat, executives said.
U.S. Federal Maritime Commission asks lawmakers to consider “financial bridge” to help container terminals make their lease payments.
Air Canada is trying to navigate the darkest period in aviation history through cost cuts, financing and new cargo operations.
The COVID-19 pandemic dented volume growth in the first quarter for the privately owned railroad.
Volkswagen truck holding company Traton Group urges a Euro-style “cash for clunkers” program to boost new truck purchases following lower first-quarter sales, profits and orders.
Continental is shutting down its Roadlog ELD service, as of Aug. 14. Plus, FreightWAVES LIVE@HOME is one day away, Trump pushes severing of supply chain from China, and Walmart launches two-hour delivery.
United Airlines is steeling itself for a worst-case scenario that leisure and business travelers will not resume flying anytime soon, even with coronavirus restrictions lifted.
Like all industries, the coronavirus has impacted railroads. What should they be doing to gain market share and better serve their customers?
Flexport CTO James Chen articulates his vision of the future of global trade technology.
Chief marketing officer, service center manager and executive vice president are named.
Plummeting prices make ExxonMobil’s fuel system-friendly diesel formulation that eliminates additives and reduces NOx emissions a better deal.
Thursday’s session was the last trading session for the April Trucking Freight Futures contracts, and prices were lower across the board for a seventh consecutive session as the spot National contract finished down 0.7% to close at $1.320 per mile.
United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.
