Trucking

Share gains come despite another net loss, sharp drop in operating income

CO2 shortages strike breweries; Senate bill proposes $40k tax credit for electric semis; a look at a limp dry van spot market and more

In today’s market, it is less about whether a carrier can afford to implement predictive maintenance and more about whether they can afford not to.

Reliance Partners’ Thom Albrecht points to current negative trends as reasons to hunker down now and through the new year.

Forward Air raised its earnings expectations again. Management believes it has the ability to generate higher results even in a recession.

The head of the unit says changes to driver contractor agreements must be negotiated individually.

Over the past several years, “culture” has become something of a buzzword in the corporate world. Despite this trending vernacular, the things that make up a company’s culture – energy, diversity and values – are the same things that determine whether or not people want to work there.

Trailer maker Wabash is benefiting from a steady order backlog and a focus on more activity with targeted customers.

Commentary from the C-suites of trucking remains positive for the 2022 back half.

UPS is gearing up for next year’s Teamster negotiations by implementing cost-saving programs.

Less-than-truckload carrier Saia reports record results for the second quarter and said it has no plans of slowing its growth initiatives.

Logistics giant Ryder posted total revenue of $3.03 billion and earnings per share of $4.43 during the second quarter.

A multistate initiative focused on cutting emissions from medium- and heavy-duty vehicles released an action plan for transitioning to zero-emission vehicles.

Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.

Has Nikola managed to rebound? Plus, a unique cold chain visibility tag; something stinks at Slync; autonomous convoys and more on WHAT THE TRUCK?!?

A federal appeals court upheld the FMCSA’s hours-of-service rules by rejecting a challenge filed by safety groups alleging the 2020 changes make the roads less safe.

Preparing your fleet for an inspection is a continual process that requires monthly monitoring of safety data.

Paccar Inc. defied analyst estimates and posted top- and bottom-line beats in second-quarter revenue and income.

Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.

Trevor Milton claims Nikola Corp. is violating his constitutional rights by seeking a protective order to block use of company conversations.

Despite a murky economic outlook, Covenant remains optimistic about the company’s business prospects through 2023.

Consumer demand, vessel diversions and efforts to avoid congested West Coast ports drove the Georgia Ports Authority to break its record for annual volumes.

The transportation and logistics industry is still dealing with the residual effects of the pandemic, including accelerated technological advances, a tough labor market and an inconsistent supply chain.

The Atlanta-based company also reveals a plan to improve on-time performance across its U.S. network.

Shippers have already begun negotiating lower contract rates, and carriers should prepare for this trend to continue. This will prove especially important for small and mid-size carriers who often do not have the profit margins to weather a storm.

Produce shipper WP Rawl has found PowerFleet’s solution to have a surplus of benefits.

Covenant Logistics Group’s truckload revenue increased 29% year over year to $218 million, despite unprecedented cost inflation and higher insurance costs.

CPC Logistics and NASCAR honor drivers; how to intern at a port; what insurance says about the trucking market; biofuels and more on demand on WTT

Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.

Solutions like route optimization and real-time visibility are beneficial regardless of what is happening in the market, but these money-saving tools can prove crucial during times of tighter margins.

TransForce, long a provider of drivers to carriers, is rolling out its proposal for independent contractor compliance with AB5.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nowports aims to be supply chain ally for Latam trade; US files labor complaint against auto parts plant in Mexico; Tesla suppliers have dedicated lane at US-Mexico border bridge; and Laredo CBP seizes $4.3M worth of meth from tractor-trailer.

New Cummins Inc. CEO Jennifer Rumsey talked about mentoring and reaching the company’s Destination Zero carbon goals in a FreightWaves interview.

Unit responds to contractors’ cost concerns by partially ditching the controversial program.

As truckers protest for the fifth day, workers at the Port of Oakland have been busy setting up orange barricades at all four of the marine terminals in case demonstrations over controversial state law AB5 spill over into next week.

Small shipper battles TQL over lost plant shipment; AB5 fallout; the intersection of FreightTech and people; brawl at Disney

Consulting firm FTR Associates says the freight transportation markets will find support amid a still-growing manufacturing sector, despite perceived softness in the U.S. economy.

Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.

Public comments reveal most truckers believe a proposal to require engines to have speed limiters will make roads less safe.

FedEx Ground said it will drop Sunday residential deliveries the week of Aug. 15 in unidentified low-population markets.

A better question is, what can carriers do to lower their rates?

Triumph Bancorp posts strong second-quarter financial results while remaining “cautiously optimistic” for a relatively flat trucking and transportation market through the end of 2022.

A trucking recession is coming. Longtime truckers are closing their businesses as pay drops and expenses soar.

Port of Oakland officials are imploring truckers to end their protest over AB5 as the independent contractors prepare to block the terminals for the fourth day on Thursday, bringing container movement at California’s third-largest port to a standstill.

Broker Landstar System missed second-quarter expectations but noted pricing metrics are holding firm.

New leaders, an electrification push and Scania influence mark the first year after the Traton’s $3.7 billion takeover of Navistar.

Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.

Around 450 protesters opposing California’s independent contractor law, AB5, were blocking all of the terminal gates at the Port of Oakland, forcing TraPac and Oakland International Container Terminal, also known as SSA, to close operations on Wednesday.

J.B. Hunt Transport Services announced the promotion of 28-year company veteran Shelley Simpson to president on Wednesday.

The Postal Service says it also will procure 34,000 off-the-shelf vehicles to augment its initial 50,000-unit order of electric vehicles.

Legislation approved by the House transportation committee provides dedicated funding for competitive grants aimed at expanding truck parking.

Emissions-reducing technologies that can help make supply chains greener are available for vehicles of all sizes.

Freight payments data from U.S. Bank showed sequential increases in volumes and costs during the second quarter.

J.B. Hunt Transport Services beat second-quarter expectations despite persistent rail congestion and supply chain bottlenecks.

J.B. Hunt Transport Services’ second quarter came in ahead of forecasts.

Cautious OEMs allowed the smallest number of trailer orders so far this year, pushing back bookings until late summer.

As more solutions enter the market and companies’ technological suites have become more sophisticated, integrations have gone from nice-to-have perks to need-to-have requirements for many shippers.

Volvo Group reported higher truck sales, profits and market share in the second quarter despite ongoing supply chain disruptions.

Anahuac Transport Inc. pleaded guilty to potentially contaminating rocket fuel it transported to the Johnson Space Center.

While many expect digital freight to disintermediate the broker, MVMNT has other plans in store.

Temperature-controlled carrier Marten Transport rode higher yield metrics to a record quarter.

Nikola will try for a fourth time to win a proxy fight with indicted founder Trevor Milton as the electric truck maker fell short of votes again.

California companies may be able to get up to $500,000 per purchase of a qualified zero-emission terminal tractor, refrigeration unit or forklift.

GXO Logistics Inc. plans to permanently shutter its Milwaukee-area facility and lay off 144 workers by September.

A First Amendment lawsuit filed by a trucker convoy group against the District of Columbia government lacks standing, the city contends.

Seattle-based Flexe recently reached a $1 billion valuation with its latest $119 million series D funding round.

Experts expected a closing of the gap between record-high auction and retail used truck prices. Now both are in retreat.

Chameleon carriers have been a dangerous part of the transportation industry for decades, experts say.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas port begins $68M channel improvement project; U.S. authorizes entry of Jalisco avocados; Commodities Integrated Logistics Group expands in Pharr; and Texas CBP intercepts first-in-port pests in shipment of flowers.

This week: Loadsmart teams up with The Home Depot Foundation to support veterans, Ruan aids community after celebrating its 90th anniversary, and Walmart donates to nonprofits at the grand opening of a new e-commerce fulfillment center in Pennsylvania.

While technology has a place in the evolution of transportation, not everything in the day-to-day operations should be replaced by it. Interpersonal relationships are essential and the foundation for success.

The Biden administration wants to speed an effort unveiled in March to create a first-time freight data exchange for U.S. container shipments.

Reliance Partners’ Brian Runnels says letting things slide can have deadly consequences.

Canadian trucking association says officials still need to iron out all the details for the ELD mandate scheduled to take effect Jan. 1.

Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.

Jennifer Rumsey grew up in Columbus, Indiana, where Cummins Inc. is based. Next month, she will become its first female CEO.

AB5 fallout and freight labor unrest are adding to inflation fears, Republican lawmakers are told.

Drivers find the fleet camera system to be more of a wingman than a watchdog.

After a record year of freight demand in 2021, carriers playing in the spot market benefited from a blank check when naming rates. The federal stimulus enabled consumers to pay […]

Drayage provider ContainerPort Group has announced the addition of truck capacity in key port markets.

Axle Logistics has partnered with the University of Tennessee’s Haslam College of Business to turn out more well-trained, entry-level sales professionals.

Pilot Co. will build a public network of high-speed charging stations with General Motors to get ahead of electric vehicle charging demand.

KLLM Transport Services, one of the nation’s largest temperature-controlled carriers, on Thursday announced its acquisition of Quest Global.

While companies generally support the Securities and Exchange Commission’s goals of providing climate data to investors, they have apprehension about the burden the rules could place on small carriers.

Some California truckers turned off their trucks, blocked terminals or staged slow rolls to snarl traffic around the ports of Los Angeles and Long Beach Wednesday to express frustration over a controversial state law, AB5, that seeks to limit the use of independent contractors and largely classify them as employee drivers.

June shipments data from Cass shows the fourth decline in six months from 2021 levels.

California’s trucking sector is looking at numerous ways to keep in compliance with AB5, but is doing so without specifics on what’s right and wrong.

Three of the U.S. Postal Service’s nonurgent delivery products will be brought under one umbrella.

WTT looks into an AB5 protest in SoCal; freight and economic outlook for Q3; new study says legal marijuana may lower rate of truck accidents and more

Canada-based Shoreland Transport has acquired Connors Transfer Limited, increasing the company’s fleet to 258 trucks.

Some California truckers who move containers in and out of the marine terminals at the ports of Los Angeles and Long Beach plan to participate in a work stoppage Wednesday to protest a controversial state law, AB5.

Comments filed with the FMCSA underscore concerns over how the agency should regulate freight brokers and dispatchers.

Canoo Inc. in May said its survival was iffy. With Walmart’s order of 4,500 electric delivery vehicles, the near term looks brighter.

XPO chooses RXO as the name of the soon-to-be-spun-off brokerage platform.

Trevor Milton is angling to use privileged conversations at the electric truck maker in his criminal defense, but Nikola is fighting back.

The Biden administration’s proposed rule requiring new state-level tailpipe emissions performance measures sets dangerous precedents for infrastructure investment, according to road builders.

Industrial outdoor storage sites continue to attract the attention of transportation providers and investors with deep pockets.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cargamos aims to revolutionize last-mile deliveries across Mexico; Pass Automotive to manufacture parts for Tesla in Mexico; speculative truck terminal under construction in Houston; and Posco International to build electric vehicle parts plant in Mexico.

This week: St. Christopher reaches a giving milestone and kicks off its Round Up Campaign with TA, the BTA announces a new board chairman and UPS holds its first Impact Summit.

AskWaves chats with an industry insider about the work the less-than-truckload industry is doing to close the automation gap.