Canada’s largest transportation company looks to raise nearly $200 million as it prepares to offer 6 million shares in the United States.
This strategic partnership will provide Redwood customers with visibility into an additional 500,000 trucks.
North America propped up Daimler Trucks sales and earnings in 2019 as lower European and Asian volume, along with restructuring costs and settling emissions-cheating allegations dragged the industry leader’s results lower.
Old Dominion Freight Line sponsors Major League Baseball, and for eight of the 30 MLB teams, the less-than-truckload carrier helps make Florida and Arizona feel like home for six weeks of spring training.
European supply chain platform Shippeo raises $22 million for expansion. Plus, Rhode Island aims to boost truck toll fees, global container movement falls and Nikola unveils electric pickup.
Many turn to factoring to ease cash crunches.
Proposal includes discretionary grants for truck parking.
Proceeds could give Canada’s largest transportation company more firepower to pursue acquisitions as it prepares to make a big leap into capital markets south of the border.
Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.
Many measures of activity were weaker but the bottom line improved.
Canadian transportation company delivers impressive performance in weak freight market as it finishes 2019 with 20% increase in operating income on strength of its truckload and logistics businesses.
Tesla will produce its much-anticipated all-electric truck in “limited volumes” this year, according to CEO Elon Musk.
President Trump directed the removal of sanctions against the Turkish defense and energy ministries on Oct. 23.
Jim Blaze explores whether the Class 1 railroads are downsizing their railcar fleets.
A mixed Friday punctuated a mixed week for the Trucking Freight Futures markets.
Brian Aoaeh writes about the use of software and technology in the trucking industry.
Apart from being emissions free, electric vehicles will have a much less total cost of ownership than conventional diesel vehicles.
Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.
The layoffs close a chapter of freight brokerage in Chattanooga.
The Office of Foreign Assets Control added CONVIASA and its aircraft fleet to the Specially Designated Nationals and Blocked Persons List for supporting Maduro regime.
J.B. Hunt announced that CFO David Mee will retire March 1. The company will fill the interim role internally until a permanent replacement is found.
The East African country is “an important strategic partner of the United States, and there is enormous potential for us to deepen our economic and commercial ties,” U.S. Trade Representative Robert Lighthizer said.
Trucking Freight Futures continued their slow descent lower with another down session on Thursday.
With smartphones and other mobile devices vital to how companies conduct business, corporate compliance officers strive to prevent unlawful exports of controlled data.
Sendengo is a digital freight brokerage that enables users to control transactions and helps reduce cargo theft.
Darren Prokop writes about the future of data in for-hire transportation. Data is information and can become knowledge.
FLEETCOR Technologies, Inc. (NYSE: FLT), a fuel-card and business-payments provider, announced fourth-quarter 2019 adjusted earnings per share (EPS) of $3.17, 14% higher year-over-year and $0.03 better than the consensus estimate. […]
Full year net income set a record; CEO speaks highly of rail operations
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
Company posts expected $8.6 million profit as intermodal helps offset declines from trucking and other divisions as new CEO looks to better performance in 2020.
Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.
U.S. DOT green lights Nuro with first ever autonomous vehicle exemption
The Office of Foreign Assets Control said the action will block property of individuals helping to destabilize the West African country.
Charley Dehoney writes about digital brokerages and what they really are and do…
Trucking Freight Futures finish Wednesday’s session sideways to lower as the overall market looks for a catalyst to provide direction.
U.S. Xpress sees a path to improved profitability in 2020 and beyond. These were just some of the highlights provided on the carrier’s earnings call.
It has become even harder to determine what the prevailing bulk ocean freight rate really is.
Lori Ann LaRocco writes about the impact of coronavirus on maritime trade between China and the U.S.
The country’s Customs Tariff Commission, which announced the move Thursday, said the reductions will take effect Feb. 14.
CloudTrucks provides a back-office service aimed at putting more money in drivers’ pockets
U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.
Persistent industrial weakness sends Old Dominion’s fourth-quarter results down
Werner’s management team is still pointing to a truckload recovery in 2020 but noted that the first half will be a challenge.
Echo protected its margins and issued positive guidance for Q1 and 2020.
If you still thought Blackberry (NYSE: BB) was a smartphone for nerds who want a superior typing tool, where have you been? Not only does the company no longer produce […]
WEX said that a data limit issue within its IBM Informix system was the cause of fuel cards being shut off across the country today.
“In some cases, a broker’s payment policy is more important than the rate it pays the carrier,” said Jason Kirkpatrick.
Outbound LAX Trucking Freight Futures drop on Tuesday, pushing the overall market lower.
Problems continued into the afternoon for customers of WEX fuel cards, including its EFS and FleetOne cardholders, as a system outage rendered cards useless at fuel pumps.
The gig economy is one more challenge for truck drivers.
More tariff and sanction risks lie ahead for ocean shipping.
The key metric “net revenue per truck per week” is explained by Chris Henry.
Truck drivers using EFS fuel cards have been unable to fuel their vehicles as a systems outage has shut down the cards, according to multiple reports.
The startup plans to triple its team size by the end of 2020.
Jim Blaze writes about the long, slow decline of coal as the key commodity for railroads, and whether plastics might replace the lost volume.
President Trump tells the nation he kept his campaign promise to renegotiate the 26-year-old trilateral trade agreement with Canada and Mexico.
Data analytics startup ClearMetal pioneers continuous delivery experience (CDX) that enables logistics stakeholders to optimize supply chains and improve customer experience.
A federal judge recently ordered Zach and Garrett Barber to forfeit more than $1.3 million in funds they derived in an elaborate 11-year “chameleon carrier” scheme.
Manhattan Associates says demand for cloud-based supply chain services remains robust and led to a record peak season.
YRC posts weak fourth-quarter, hampered by bad economy
INTTRA by E2open on Tuesday announced a new technology platform, compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by […]
Engine maker Cummins already was predicting a difficult 2020 before the outbreak of the coronavirus in Wuhan, China, where Cummins’ manufacturing operations are shuttered.
Supply chain digitization is helping drive trust and security while lowering obstacles to moving goods.
February National Freight Futures open the month higher on Monday, driven by strength in South and West regions.
“The Trump administration is taking action to level the playing field for American businesses and workers,” Commerce Secretary Wilbur Ross said.
Eight-year-old company working with storied shipping group to make indices available for financial products
The new Impinj R700 reader is designed for enterprise-grade RAIN RFID deployment, processing tags faster and with greater accuracy.
FreightWeb scores $3 million in seed funding; patent pending on new pallet technology
Power management company Eaton Corp. missed analyst estimates in the fourth quarter, partially because of weakness in the automotive sector and a $50 million warranty charge.
Startup XStream Trucking is in early talks with two major truck manufacturers about its aerodynamic drag-reducing TruckWings, but its first distribution deal makes them optional on compressed natural gas conversions by Agility Fuel Solutions.
Emerge, a Scottsdale, Arizona-based digital freight marketplace, announced Tuesday it has closed a $20 million Series A financing led by NewRoad Capital Partners, a growth equity capital firm based in […]
Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.
CRST, U.S. Xpress also support petition to review decision awarding $54.6 million to drivers.
World’s second largest oil consumer taking extended holiday to deal with virus, keeping businesses shuttered.
Airbus will pay penalties in France, the U.S. and U.K. for using go-betweens to bribe airlines and governments to buy Airbus products.
Trucking Freight Futures are mostly lower as the spot month contracts rolled from January 2020 to February 2020.
Why are Class 8 orders a deeply cyclical, lagging indicator of truck demand?
The U.S. International Trade Commission, in response to a recent request from the House Ways and Means Committee, will investigate the integrity of the country’s seafood import supply chain.
Saia’s q4 EPS comes in light. Operating income, operating ratio hit by higher expenses on multiple fronts
The integration will help users share data seamlessly and immediately across both Samsara and McLeod platforms.
The Wuhan coronavirus has forced several Chinese cities into a state of lockdown, severely affecting manufacturing hubs and constricting global supply chains.
The message is now pretty clear: that the rule hasn’t hit markets yet doesn’t mean much.
Raising tax by 15 cents a gallon is needed before transitioning to mileage-based fee, according to lobbying group.
Kayla Matthews writes about options if you are interested in starting your own trucking company.
What is a Freight Recession?
ArcBest posts down q4 results and January didn’t look much better
USA Truck’s shares fall after another earnings disappointment. New turnaround initiatives were quantified on the company’s conference call.
Chinese carrier’s formerly idled VLCCs return to a transport market already suffering from falling rates, Stifel Maritime analyst said.
National Trucking Freight Futures rise on Thursday as outbound LAX lanes gain on Dry Van tender rejections.
OpenText is the latest member of the Blockchain in Transport Alliance (BiTA). Learn more about OpenText and BiTA.
Electronic gadgets like smartphones in the cab lead to driver distraction, and driver assistance technologies like ADAS appear to add a new dimension to that behavior.
The Swiss government will serve as the go-between to manage financial transactions involving medical and other exports to Iran and ensure Iranian sanctions are not violated.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Much of the discourse and sentiment surrounding the […]
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
The majority of executives expect growth exceeding 10% and are actively pursuing deals.
New technology, capital, and business models have changed the competitive landscape.
Digging into some of the most recent LMI components.
Blasting out underwater “speedbumps” last hurdle for $485 million project.
Too much Amazon traffic may spoil the Brown broth
Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.
