FleetCor’s Q4 revenue and profit rise y/y but miss analysts’ estimates
FleetCor reported fleet transaction revenue of $108 million in the fourth quarter, a 19% year-over-year decrease.
FleetCor reported fleet transaction revenue of $108 million in the fourth quarter, a 19% year-over-year decrease.
RXO’s fourth quarter was slightly better than the third, but overall, the 3PL had its challenges last year.
A North Texas snack producer and a Forth Worth supply chain services provider announced 329 layoffs in the Lone Star State.
The nation’s top truck safety regulator wants towing companies that overcharge truckers to be held accountable by the FTC.
Avocados and beer from Mexico are gaining popularity as staples at Super Bowl Sunday watch parties.
There isn’t much sign of an upturn in Uber Freight’s latest earnings report.
Federal regulators are responding to complaints that the government is not doing enough to protect women and minority truck drivers.
C.H. Robinson’s newly unveiled touchless appointments will automate manual scheduling tasks.
XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.
Thomas Schmitt, the Forward Air CEO who put together the deal with Omni Logistics trashed by investors, is leaving the company.
Less-than-truckload carrier XPO reported a better-than-expected close to 2023.
Werner Enterprises saw another step down in operations during the fourth quarter.
A lawsuit that goes back to 2010 and opened the door for the ABC test in New Jersey has been settled.
Georgia Ports Authority announced plans to construct a $29 million overpass to keep trucks away from neighborhoods in Savannah.
Yellow Corp. said it has paid a total of $851 million to the U.S. Treasury as repayment for a 2020 CARES Act loan.
ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.
Workers at a Goodyear Tire plant in Mexico were awarded over $4 million in back pay by U.S. and Mexican authorities after a labor rights investigation.
The Logistics Managers’ Index for January showed transportation prices are increasing as retailers take on inventory.
$2 billion in fines and expenses from emissions-rigging slammed Cummins’ Q4 profit in a year of record revenues and cash generation.
ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.
U.S. Bank’s freight indices are down but at a rate that may suggest a balancing of capacity could be ongoing.
Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.
Several hundred people gathered for rallies in three border states Saturday as part of the “Take Our Border Back” convoy that traveled from Virginia to Texas last week.
Has UPS been ill-served by on-going cost-cutting?
This week in Borderlands: Mexico’s truckers plan nationwide strike against cargo theft; EV maker Lucid expands its U.S. manufacturing facility; Grainger announces new distribution center near Houston; and supply chain services provider Kinaxis opens Dallas office.
Tearing down the Interstate 81 viaduct in Syracuse, New York, and replacing it with an urban boulevard moved closer to fruition after a Friday court decision.
Less-than-truckload carrier Saia will spend roughly 30% of its annual revenue buying terminals and trucks as it looks to take market share again in 2024.
Canadian authorities recently seized $51 million worth of methamphetamine from a tractor-trailer heading for Winnipeg, Manitoba.
As the Bureau of Labor Statistics signaled in August, the annual revision of employment data shows fewer truck transportation jobs last year than initially reported.
The arcade game Whac-A-Mole describes state-by-state approach to rules of the driverless road while 50-state solution appears far off.
Shawn Brown, vice president of safety with Cargo Transporters and mayor of the City of Claremont, North Carolina, joined Jeremy Reymer on a recent episode of Taking the Hire Road.
New Jersey is raising its truck liability insurance requirement to $1.5 million, one of the highest in the U.S.
Hub Group reported year-over-year decreases in its intermodal, logistics and truck brokerage segments during the fourth quarter.
Pam Transportation Services contends with an auto strike in addition to already depressed truckload demand during the fourth quarter.
Federal regulators are proposing to ease requirements for new truck drivers — but crash victim advocates warn safety will be compromised.
Landstar System said Thursday that a recovery won’t likely occur until summer.
Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring.
While the world around us slowed down to enjoy the holidays, the SONAR team was hard at work building a foundation for the biggest year yet in product delivery.
This ambiguous landscape makes it even more crucial for 3PLs to understand what their cargo insurance does — and does not — cover.
Schneider National reported a fourth-quarter earnings miss and a worse-than-expected 2024 outlook on Thursday.
Averitt Express recently moved into a new distribution center in the Nashville area as part of several major facility upgrades in Tennessee.
Ryder System is increasing its dedicated footprint with the acquisition of Cardinal Logistics.
FedEx has more cargo jets than it needs for its express package network. Some of those planes will now be used to try and capture a larger share of the general cargo market. In doing so, FedEx will go head to head with all-cargo carriers like Atlas Air, Cathay Pacific and Nippon Cargo Airlines.
There was little good news in C.H. Robinson’s fourth-quarter earnings.
Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.
Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.
On this week’s episode of Taking the Hire Road, host Jeremy Reymer chatted with Marina Ivanov, co-founder of Apex Transit, a North Carolina-based carrier.
Reliance Partners Executive Vice President of Sales Jackson Alexander believes that understanding the underwriters point of view can help carriers navigate the insurance renewal process.
Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.
The FBI says it has disrupted a drug operation that used truck drivers to transport narcotics from Mexico to the U.S. and Canada.
Less-than-truckload provider Roadrunner announced the addition of 135 new lanes as well as service to parts of Canada.
A convoy of trucks and other vehicles are reportedly heading to the Mexico border calling on the federal government to take action against illegal immigration.
Federal investigators have charged two current and two former Massachusetts State Police (MSP) troopers, along with two others, alleging the six traded favors in exchange for giving passing scores to certain applicants in a fraudulent commercial driver’s license (CDL) scheme.
The mismatch between electric truck availability and charging infrastructure prompted Daimler, Volvo and Navistar to make a PACT.
While FMCSA has issued minimal requirements for MVR checks, carriers doing only the bare minimum are creating and perpetuating visibility gaps that leave their fleets vulnerable.
Subpar 2023 results and uncertain 2024 guidance sent shares falling.
Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time.
The latest agenda from DOT delays rules on truck speeds and automated driving systems.
Jumbo Beverages announced a permanent layoff of all employees at its beverage distribution center in Grapevine, Texas
J.J. Schickel, CEO of Omni Logistics, will not be in an executive role at the combined Forward Air-Omni company.
Rachel Premack (that’s me) has a new job outside of journalism. This means no more MODES (for a little while).
This week in Borderlands: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge.
Sweden’s Volvo Group reported strong Q4 results but pointed to normalizing demand, code for lower sales already visible in slackening orders.
On this week’s episode of Taking the Hire Road, host Jeremy Reymer was joined by KSM Transport Advisors Chief Operating Officer Chris Henry.
Canada-based Bison Transport is partnering with CPKC to provide cross-border intermodal service between Canada, the U.S. and Mexico.
A Texas-based trucking company has filed for bankruptcy liquidation four days before a wrongful death civil trial filed by the family of one of its former drivers who drowned in 2016 was slated to start in El Paso County, Texas.
WattEV continues to roll up a lion’s share of federal infrastructure grants as it plots electric charging corridors
FedEx and UPS reinstate money-back guarantees on second-day morning air service.
Love’s plans on adding as many as 2,000 truck parking spots this year, less than in recent years.
Detention time is one of trucking’s most pernicious issues. Two former retail executives explain why the industry can’t seem to fix it.
Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.
Marten Transport reported net fourth-quarter income that was more than 50% lower than a year ago.
Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.
Humble leadership at Paccar forgoes a victory lap its as profit streak reaches 85 years with regular dividends paid out since 1941.
Covenant Logistics Group said the freight cycle is bottoming out, and it expects the market to slowly improve over the next several quarters.
Fleet telematics provider Samsara Inc. (NYSE: IOT) filed suit against rival Motive Technologies in federal court Wednesday, alleging Motive, formerly KeepTruckin, copied and used its proprietary technology and engaged in false and misleading advertising.
Semi-trucks are getting better at monitoring what drivers do and, frankly, driving themselves. Truckers are understandably concerned.
Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.
TriumphPay came in at positive EBITDA in the fourth quarter, a full year ahead of schedule.
Volvo Trucks North America revealed a 90% new VNL over-the-road truck that promises up to 10% better fuel efficiency.
Truck maker Paccar Inc. reached 85 consecutive years of posting net income with record sales and profits in the fourth quarter.
Walmart is the largest company in the world. Its elite, well-compensated trucking fleet is part of the reason why.
Paccar is recalling 11,053 medium-duty trucks because an improperly seated mirror glass lock ring may allow glass to fall out.
The Postal Service balked at electric delivery trucks, but it is getting with the program, starting with off-the-shelf Ford E-Transits.
As a freight broker, you are on the front lines of ensuring safe, efficient and compliant transportation of goods.
Forward Air announced Monday that its deal with Omni Logistics will close at a slightly reduced amount.
C.H. Robinson said 10 of the top less-than-truckload carriers on its platform are now using electronic bills of lading.
Matt Silver launches US-Mexico logistics startup Cargado with $3 million in pre-seed funding.
Drivewyze has launched a new service to push safety notifications live to ELDs and other devices.
This week in Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024; Texas receives $70M grant for hydrogen fuel stations; automotive manufacturer announces $400M factory in Mexico; and Texas logistics park receives $1.5M grant to expand services.
Nikola is in no hurry to artificially boost its stock price to ward off its second Nasdaq delisting notice in eight months.
Flexport CEO Ryan Petersen on Friday announced the company has raised $260 million from shareholder and e-commerce provider Shopify.
A Las Vegas man has been sentenced to supervised release and six months of house arrest for his role in a scheme to defraud the trucking company where he worked out of more than $112,000.
Could electric trucks find a new power source in decommissioned power plants. Zeem Solutions plans to find out.
J.B. Hunt Transport Services’ fourth quarter was weighed down by insurance costs but revealed a couple bright spots at the bottom of the cycle.
Mississippi incentives helped lure a $2 billion advanced battery-making joint venture for electric trucks to the Magnolia State.
Nation’s top truck safety regulator, Robin Hutcheson, will step down Jan. 26, according to DOT.
Supply chain-focused startups Sayari, TrusTrace, Cart.com and Kusari recently secured a combined $330 million in capital investments.
The January State of Freight webinar from FreightWaves looked at low temperatures and signs of a warming market.
California leads zero-emission truck adoption, but other states are growing faster in certain types of commercial EVs.