The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.
project44 has secured $80 million in funding to create a system to measure supply chain emissions globally.
Holiday sales will decline by up to 50% from 2021 levels, but they will still be healthy despite macroeconomic concerns, according to the National Retail Federation (NRF).
Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.
Transfix’s head of product talks about the company’s new contract structure at F3.
Convoy’s co-founder said he’s seeing an increasing number of smaller truck carriers parking their vehicles.
Werner Enterprises has built a model to perform on the downside of the cycle. Management believes the carrier may be better positioned to do so than in the past.
Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.
Supply chain technology provider Trimble Inc.’s transportation revenue dropped 10% in the third quarter.
Einride will be building electric vehicle charging stations to support Maersk’s deployment of its E-truck, starting with a facility near the Port of Los Angeles.
Harry Broadman said during a presentation at FreightWaves’ F3: Future of Freight Festival that technology can create jobs, just not the same type of jobs.
Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.
The deal announced Wednesday marks Ryder System’s second purchase of an e-fulfillment company in less than a year.
Mexican logistics systems are lagging and they need to be improved to capitalize on a great opportunity, Solvento CEO Jaime Tabachnik said at FreightWaves’ F3: Future of Freight Festival.
Transportation capacity grew during October at the fastest pace captured in the history of a 6-year-old data set.
TravelCenters of America Inc. announced Tuesday it topped $2.8 billion in revenue for the third quarter.
The unit’s “space and pace” program will bypass the class-rates formula in favor of pricing based on dimensions and weight.
Embark Trucks is expanding into several key markets to create a coast-to-coast autonomous trucking network of transfer locations.
XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.
ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.
A connected ecosystem supported by multiple stakeholders is the best answer to the fragmentation that drives up costs and hurts service, according to J.B. Hunt’s Spencer Frazier.
Uber Freight’s EBITDA was barely positive in the third quarter on a decline in revenue.
Truckload carriers prepare for the other side of the freight boom.
Logistics startup Newtrul has raised an additional $5 million to be the “Expedia” of freight booking.
Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.
XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.
Uber Freight and Transplace are now fully consolidated, and its leaders are touting the benefits.
Last week saw a number of updates on port infrastructure funding and terminal project statuses.
This week in Borderlands: $83M bridge expansion project targets expanding Mexico trade; Volkswagen invests $763M in its Mexico plant; Texas border checkpoint receives $165M for expansion; and the Port of Harlingen awarded grant to improve dock.
DOT should consider trucking and other supply chain costs in its push to expand off-site and inland container facilities, transportation executives caution.
Ruan announced the acquisition of Michigan-based regional carrier NTB on Friday.
In the first earnings call since its AB5-driven deal with the Teamsters, Universal CEO Tim Phillips speaks positively about its impact.
TFI posts strong third-quarter results and boosts its dividend by 30%. But much of the focus is on the work in progress at T-Force Freight.
Traton Group relied on Navistar to boost nine-month sales by 11% while a litany of industry issues pressured income.
Driver-facing cameras are seen as intrusive and an invasion of privacy in the truck-driving community. Yet fleets are rapidly adopting them.
Trucker Path bridges the gap between brokers and carriers, connecting over 1,000 brokers with over 1 million app users.
The intersection of natural gas and diesel has likely never been more volatile than it is going into the coming winter.
Hub Group reported year-over-year increases in its intermodal, logistics and truck brokerage segments during the third quarter.
Amazon reported a third-quarter sales deceleration that it says will persist into the holidays.
A Borderless Coverage risk management strategy equips shippers for Mexico’s many challenges.
Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”
Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.
Weather-related hazards cause over 1.2 million vehicle accidents each year, yet leading trucking firms still lack a streamlined system to identify which of their drivers are at risk due to adverse weather conditions.
Used truck prices helped Ryder in comparison to last year, but the market is weak going forward.
Trailer and final-mile equipment maker Wabash crushed third-quarter earnings estimates and built its backlog for a rainy day.
Most of the commentary from management teams is pessimistic about the macroeconomy.
A reversion to the mean will occur after two strong years, Armstrong & Associates predicts.
Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.
Mexico’s Congress approved a bill Wednesday to end daylight saving time in most states, potentially affecting cross-border trade.
The American Trucking Associations puts the shortfall of truck drivers at 78,000 this year, down slightly from 2021 but still high.
Daimler Truck’s cellcentric joint venture with Volvo Group is a fuel cell truck first, but a big battery pack makes it a parallel hybrid.
Federal regulators are considering a rule that would give carriers greater access to broker transaction records.
California and Mexico sign a toll revenue-sharing plan to help fund a new border crossing south of San Diego.
The maker of Kenworth, Peterbilt and DAF Trucks reported record Q3 net income on strong across-the-business performance.
UPS reported higher-than-expected earnings per share and reaffirmed its full-year targets.
Barge movement on the Mississippi River continues to be impaired by low-water levels with no end in sight.
Shippers are expected to do their due diligence when it comes to choosing carrier partners. That includes choosing companies that are working within FMCSA guidelines, a task that requires knowledge of said guidelines.
The city’s industrial real estate market is experiencing an acute supply shortage with little space to be found, according to a Colliers International report.
American Truck Associations President Chris Spear lived up to his last name in an annual address excoriating industry foes.
A single format for exchanging bills of lading data in the less-than-truckload industry will replace multiple electronic formats.
Paccar Inc. is recalling late-model Kenworth and Peterbilt heavy-duty trucks because the digital dash system can freeze.
Transportation technology company InRange is developing durable trailer skirts to help reduce carbon emissions.
FreightWaves founder and CEO Craig Fuller provides insight into 2022’s peak season.
Grammer Logistics said Monday it has acquired Logistics Management Resources, a 3PL serving the chemicals and industrial gases industries.
UPS’ general rate increase is designed to offset elevated cost inflation.
This week in Borderlands: Mexico considers banning double tractor-trailers; New Mexico announces $72M air cargo facility; Texas seafood importer sues government for blocking shipment; and trucker receives nine-year prison sentence for drug smuggling.
Soaring diesel fuel prices rank as the trucking industry’s most critical issue, knocking the driver shortage from the top spot.
AskWaves checks in with DOT’s latest significant rulemaking schedule.
Truckload carrier P.A.M. Transportation Services reported better-than-expected third-quarter results on Thursday after the market closed.
Data centers and electric charging infrastructure share an insatiable demand for power. Neha Palmer understands both.
GXO Logistics is planning to lay off 262 employees from two warehouse operations in the Dallas area by Dec. 10.
The National Motor Freight Traffic Association is moving to simplify how shipments are classified.
America’s top truck safety regulator provides insight into what will be important at her federal agency as she closes in on a year in the driver’s seat.
A former bookkeeper from Missouri admitted she devised a scheme to defraud the Paycheck Protection Program while awaiting sentencing in an unrelated embezzlement case involving a family-owned farm and trucking company.
Covenant Logistics announces in its third-quarter earnings release that Paul Bunn will be president and COO in the latest management changes.
Nikola expects federal incentives to help pay for hydrogen development, a different scenario from its convicted founder’s hydrogen claims.
Some numbers at the new network at TriumphPay were lower, but other key indicators were on the rise.
UPS has settled noncompliance claims with the Environmental Protection Agency at facilities in 45 states and Puerto Rico.
Volvo Group posted solid Q3 results but said ongoing supply chain issues will cause shutdowns and raise prices.
Unifor, Canada’s largest union, opposes a federal supply chain task force’s recommendation to curb workers’ ability to go on strike.
Broker Landstar System reported another strong performance in the third quarter. However, the company now comps to the peak of the freight boom.
An overview of F:3 Future of Freight Festival, Day 3.
Two driver/warehouse worker strikes against Sysco are either over or likely to end soon.
Knight-Swift Transportation missed analysts’ forecasts for the third quarter and dialed down expectations over the near term.
Tesla aims to build 50,000 units of the Semi all-electric Class 8 truck by 2024 at its factory in Nevada.
Trucking payments platform AtoB has laid off 30% of its employees, months after raising $155 million in funding.
A Yellow Corp. plan would consolidate two of its regional LTL networks with its YRC Freight national operation.
The Treasury Department announced sanctions Wednesday against several individuals and carriers linked to the Sinaloa drug cartel.
Uncertainty in the supply chain and commodity price vagaries are stretching out trailer orders beyond traditional cycles.
Fleets seeking a readily-available and proven solution to reduce heavy-duty truck emissions are increasingly turning to renewable natural gas
J.B. Hunt Transport Services beat third-quarter expectations Tuesday but said that cooling freight demand will place greater scrutiny on cost control moving forward.
RXO, the stand-alone brokerage company about to be spun off by XPO, has received a near-investment-grade rating from S&P.
J.B. Hunt Transport Services beats third-quarter expectations on improved intermodal and dedicated results.
Teamsters General-President Sean M. O’Brien and Secretary-Treasurer Fred Zuckerman will take the lead in upcoming UPS contract talks.
The South Carolina Ports Authority will join other major East Coast ports in providing near-dock rail via the planned Navy Base Intermodal Facility at the Port of Charleston.
Port Houston reported a 26% year-over-year increase in cargo volume in September.
Netradyne’s scoring system incentivizes safety through competition.
An overview of Day 1 of F3: Future of Freight Festival.
From transportation capacity and labor constraints to changing order profiles and more frequent disruptive events, maintaining predictable and cost-effective material flows has never been more complex or challenging.
Mexico is considering ending daylight saving time, which could add time and money to cross-border freight shipments.
