Trucking

The most lucrative time to buy or sell a trucking company could be right now — as long as the prep work has been done.

Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.

A North Carolina trucking company notified more than 200 employees on Tuesday it is ceasing operations.

Ryder has sold its Miami headquarters campus to real estate firm Bridge Industrial for $42.1 million.

From one store he and his wife opened in 1964, Tom Love oversaw the growth of Love’s Travel Stops to 600 locations.

Regulators will hold a listening session at the Mid America Trucking Show to help fine-tune proposed rules and guidance governing truck brokers and dispatchers.

Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.

FreightWaves, the leading provider of high-frequency data and news for the global supply chain, has launched FreightWaves Academy, an education platform geared toward teaching the ins and outs of transportation and trucking.

Transportation rates fell at the fastest-ever pace recorded in February, according to a monthly supply chain survey.

At a leading energy industry conference in Houston on Monday, hydrogen was the star of the show.

A former FedEx Ground contractor, accused of killing 7-year-old Athena Strand of Paradise, Texas, pleaded not guilty to capital murder and aggravated kidnapping charges on Monday during his arraignment hearing in Wise County, Texas.

Knight-Swift’s David Jackson and fellow trucking executives sound off on regulations and the economy at TCA’s annual meeting.

HHS is preparing to rollout a proposal that could move the trucking industry a step closer to federal recognition of drug hair tests.

The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.

SCAC process can be managed online without much help from National Motor Freight Traffic Association.

Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.

Transportation and logistics provider Sage Logistics Holdings said it has entered an agreement to acquire Byland Transportation.

ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.

What if the English trucker who made off with 200,000 Cadbury Creme Eggs was trying to spare innocent taste buds?

While recruiters are always searching for skilled truck drivers — using sign-on bonuses and paying incentives to attract drivers to come work for their trucking companies — there’s little mention of who pays if the driver dies while under a load.

This week in Borderlands: Houston export terminal lets Temco capitalize on grain demand; $10M FAST lanes completed at World Trade Bridge; Spearpoint Logistics to open distribution hub in Texas; and Port Houston’s terminal container yards receive upgrade.

FedEx abandons its low-key communication style to get direct with UPS’ customers.

Companies across the supply chain have been inundated with new technologies and solutions over the past several years. As a result, many leaders are underutilizing their recently adopted tools, leaving money and efficiencies on the table.

Class 8 truck orders defied estimates of flattening in February as fleets show they still have money to spend.

The long-planned acquisition of a bigger stake in Pilot by Berkshire Hathaway has been completed, and new data is expected to emerge as a result.

Volvo Group’s CampX has ushered 50 startups through its accelerator. Now it is adding an incubator for early stage startups.

Less-than-truckload carrier Old Dominion sees volumes drop again in February but notes the worst of it may be behind them.

By implementing a strong safety and compliance program — like Reliance Partners can help them build — carriers can minimize risk and pay less for insurance.

High-powered executive championed a growth strategy for the regional parcel delivery carrier that has since been tempered.

Logistics company Truckstop.com has verified it is laying off an unspecified amount of workers.

Driverless truck-tech companies say their equipment is as safe — or safer — than traditional devices used to warn the public of trucks stopped on the highway.

Freight broker Transfix announced its chief technology officer has been appointed CEO effective immediately.

The annual WorkHound survey of drivers and other logistics workers got more praise and more comments overall.

Less-than-truckload carrier Saia reported January and February tonnage declines that were in line with fourth-quarter declines when adjusting for weather.

Japanese air and ocean forwarder Yusen Logistics said it has increased its U.S. contract logistics offering with the acquisition of Taylored Services.

Tesla has confirmed that its next electric vehicle factory will be near the Mexican city of Monterrey.

Workhorse Group is still cleaning up the mistakes of its recent past but is expressing optimism on 2023 production plans.

Hyliion Holdings is teaming up with financially struggling Hyzon Motors to develop a hydrogen-powered fuel cell version of its hybrid truck.

FedEx CEO Raj Subramaniam will advise President Joe Biden on the impact of government trade policies on multiple business sectors and export competitiveness.

FreightWaves’ “State of Freight” webinar for February had little good news for carriers hoping for higher rates sometime soon.

ArcBest said Wednesday it has launched freight movement technology, allowing the contents of an entire trailer to be unloaded at once.

Mark Holifield was in the top job at the regional parcel carrier LaserShip/OnTrac for just 17 months after leaving a high-profile supply chain position at The Home Depot.

Company looks to push a more agile air network.

ArcBest said Tuesday it has further simplified its business model by selling emergency roadside and maintenance services provider FleetNet America.

In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.

In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.

Tesla is set to build an electric vehicle manufacturing plant in the Mexican city of Monterrey.

The company reports it experienced better-than-expected sales volumes in the fiscal 2022 fourth quarter.

Canada has allocated $46 million in funding to recruit and train up to 2,600 new truck drivers and other transportation related jobs.

Quarterly figures for BMO, a major trucking lender, reveal some weakening of financial performance but not at a huge rate.

The Biden administration’s first take on EV charging standards avoids addressing the heavy truck sector to make room for innovation.

Less-than-truckload carrier Saia announced it has added more next-day lanes to its network.

Federal prosecutors allege UPS workers took possession of the drug, and a third worker not employed by the company provided fraudulent mailing labels.

The California Air Resources Board’s update on the Advanced Clean Fleets rule has only minor variations, and the journey to new regulations next year is well on its way.

Adhering to regulations alone is complex in itself, but is it enough for a strong safety program? J. J. Keller & Associates, industry experts in safety and compliance guidance, don’t think so.

A faulty Bendix brake part led to a Paccar Inc. recall of 8,008 Kenworth and Peterbilt medium-duty trucks.

Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.

This week in Borderlands: Nearshoring creates booming demand for border logistics facilities; Ascend reserves capacity in Volvo’s autonomous lane in Texas; ZF Group announces $250M expansion in Mexico; and Port of Brownsville posts record cargo volumes in 2022.

Steam Logistics is hiring new employees while paying others $2,000 to quit, avoiding the costs of layoffs.

The FedEx Ground unit appears to be looking to work directly with contractors rather than through consultants and brokers.

Last year’s peak retail season stands apart from previous years in that there wasn’t much of a “peak” at all.

The former safety manager of two California trucking companies was sentenced to three years of probation for his role in an illegal cargo tank repair conspiracy.

The once zero-point violation could cost carriers at least three points in a roadside inspection and potentially many more, according to Reliance Partners’ Mark Barlar.

In order to remain relevant and endure a soft market in this year’s competitive trucking sphere, fleets must put in the legwork to create a positive driver culture and grow their advantage.

Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.

What does it mean to have a former Daimler Truck executive in charge of Torc Robotics? Experience guides a big mission focus

Werner Enterprises announced Thursday that Christopher Wikoff will succeed John Steele as the company’s chief financial officer.

Shippers and carriers alike have been forced to deal with the financial fallout of a global pandemic, war, rising fuel costs and the looming threat of an economic recession.

FreightWaves and bp pulse fleet President Vic Shao break down the present and future of electric infrastructure.

Big names like C.H. Robinson, Uber Freight and Convoy have all cut staff in recent months. Here’s what’s driving the freight brokerage layoffs.

The annual OOIDA survey on driver compensation has findings on use of digital brokerages that don’t appear to line up, but definitions may be the issue.

Lifting a CDL requirement for apprenticeships could get more prospective truck drivers on the road, according to a pilot program supporter.

Experts at Conversion Interactive Agency and People. Data. Analytics. (PDA) advise these strategies for reaching candidates where they are and retaining them long term.

Michigan truck owner has not provided enough safety evidence in his hours-of-service request to federal regulators.

Some say LTL is embracing the notion that prices should be regularly adjusted based on customers’ shipment profiles and the carriers’ network needs. Others say the model poses stiff challenges.

Oregon-based DAT, the freight industry’s largest load board operator in North America, is working with its security partners and law enforcement after it identified “unusual activity” on some customers’ accounts late Monday.

Port expert Walter Kemmsies discussed the distortions in trade and demand for goods and services created by the pandemic during FreightWaves’ Global Supply Chain Week.

“If we take what we’ve learned about compliance over the last 20 years and combine it with the latest technology, it’s possible to speed up the process significantly and make it a better experience for drivers,” Foley and CEO Joel Sitak said.

Expeditors suffered a significant decline in fourth-quarter earnings as the air and ocean freight markets dropped sharply.

Big fleets can afford them, but are electric trucks a solution for 3PLs? Uber Freight and WattEV are working together to find out.

When asked to select statements that applied to them, 35% of self-identified owner-operators checked, “If the market does not rebound materially by the end of 2023, I will leave the industry.”

Experts predict more nearshoring of manufacturing to Mexico in 2023, especially for supplies of components used in green technologies.

Daimler Truck North America is recalling 77,000 trucks for brake module corrosion, the third recall for the same issue.

AskWaves looks into why the trucking industry is resisting a proposal to tighten the scope and duration of temporary federal exemptions for motor carriers.

This week in Borderlands: Exports of Mexican-built Class 8 trucks hit 15,221 in January; railroad cargo thefts drop 21% year over year across Mexico; fuel and lubricants distributor expands into South Texas; and rare insect intercepted in shipment at Otay Mesa port of entry.

Lawmakers in Iowa and Florida are considering bills to curb nuclear verdicts against trucking companies.

BP is buying Travel Centers of America at a good price per outlet and stands to get environmental benefits that can be measured in dollars.

Shipping costs, not speed, to carry the day in 2023, DHL unit report says.

An upcoming supply chain legislation package will include curbs on Chinese influence over global shipping.

“It’s possible to be one of the driver’s best allies, and if you have that sort of relationship with your driver, it makes the hard conversations much easier,” Reliance Partners’ Brian Runnels said.

Seven people have been sentenced this month in the Louisiana truck collision scam.

Rush Enterprises will curb its enthusiasm for stocking additional inventory of used trucks until prices begin to rise again.

How long will incentives drive the transition to electric trucks and help pay for the infrastructure that powers it? It’s going to be awhile.

Expected layoffs at Coyote are part of a restructuring implemented by parent company UPS.

The American Transportation Research Institute is again investigating the safety and other impacts on the trucking industry of state-level marijuana legalization — as well as additional questions the issue raises.

Communicating to an industry audience isn’t very “badass,” but it should be a priority for Elon Musk’s Tesla Semi.

A new program to grade driver contractors will be introduced across the FedEx Ground network through March 2.

Austin, Texas-based Overhaul has acquired SensiGuard in a deal aimed at increasing the supply chain security firm’s global footprint.

TravelCenters of America is being bought by oil giant BP.

The 3PL’s first-quarter update is bearish on truckload rates.