This week in Borderlands: Surging cross-border flows a boon for operators like DHL; Cargo rail theft up 99% across Mexico in May; Australian clothing retailer selects Cart.com as US fulfillment partner; and Venture Solutions opens logistics warehouse in Laredo, Texas.
The International Brotherhood of Teamsters announced Friday that its membership would be voting on the union’s endorsement for U.S. president this election year.
Transportation provider Hub Group sees Q2 revenue fall 5% year over year to $986 million.
ArcBest misses second-quarter expectations as losses at its asset-light business continue.
The employment report for July showed truck transportation jobs down for the fourth straight month.
Electrification startup Synop is carving a niche for itself focused on help electric fleets return electricity to the grid and get paid for it.
ArcBest reported second-quarter results on Friday, which came in light of analysts’ expectations.
The city of Laredo, Texas, is requiring that all trucking operators using the World Trade Bridge have a $100 minimum in their automated vehicle identification accounts to pay crossing fees.
Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.
Temperature-controlled real estate investment trust Lineage Inc. announced it will give $100 million in equity awards to its workforce.
Schneider National saw positive indicators in the second quarter as the company reported revenue of $1.31 billion.
A procedural vote in the Senate has effectively shut down a bipartisan tax package that could have helped trucking companies invest in their business.
Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
Less-than-truckload carrier XPO bested second-quarter expectations on Thursday as tonnage and yields continued to move higher.
Thin margins and unpredictable risks are the norm, and trucking companies are increasingly turning to captive insurance plans to address those challenges.
New York City is claiming early victory in cutting down traffic on a troubled highway segment in Brooklyn.
Less-than-truckload carrier XPO beat second-quarter expectations as tonnage and yield increases were complemented by effective cost management.
Dave Bozeman, one year into the job as CEO of C.H. Robinson, cites a new operating model as the company’s earnings surprise to the upside.
C.H. Robinson’s earnings look solidly positive, and the stock market reacted that way.
A New Jersey-based trucking company, cited numerous times for safety violations for both its drivers and equipment, recently filed for Chapter 11.
Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned.
The CEO of Werner Enterprises says an inflection point in the freight market might be near.
Broker Landstar System beat second-quarter estimates Tuesday as the period ended a two-year streak of sequential revenue declines.
Werner Enterprises saw revenue and earnings per share drop in the second quarter.
C.H. Robinson has made its first acquisition or divestiture since Dave Bozeman took over, selling its European brokerage operations.
Knight-Swift announced its third less-than-truckload acquisition on Tuesday, purchasing Los Angeles-based Dependable Highway Express for an undisclosed sum.
DHL is beefing up its aircraft maintenance capacity in Europe.
A key port in New Jersey is adopting propane as a preferred fuel for the vehicles that move around its property.
Love’s said Monday it has acquired the U.S. transportation factoring portfolio from REV Capital.
Owner-operators and crash victim advocates say easing restrictions for new drivers is a safety risk. Regulators approved an exemption despite those objections.
One of Tenstreet’s newest solutions, Pulse+, uses generative AI to make communication more efficient and strengthen human connections.
In an earnings call with analysts, TFI International CEO Alain Bedard gave a strong critique of the company’s LTL cost structure.
This week in Borderlands: Werner marks 25 years of operations in Mexico; Diehl Aviation investing $49 million to build factory in Mexico; TCA adds Olympic Transport as first Mexican carrier member; and South Texas getting new cold storage warehouse near border.
Supply chain logistics company Stord purchased the fulfillment services operation of Pitney Bowes’ e-commerce division on Friday.
Universal Logistics Holdings saw increases in second-quarter top-line revenue, along with gains in its trucking and contract logistics segments.
Jacob McDonald, 60, was indicted by a Licking County grand jury for his role in a Nov. 14 crash that killed six people, including three high school students.
Growth-related costs and a less favorable freight profile led to Saia’s second-quarter results coming up short of expectations.
Returns continue to increase, which can end up costing companies. Processes can be put in place to help bottom lines, and it’s all related to transportation.
Ryder’s earnings report for the second quarter showed some sluggishness, but company executives see a bottom.
Companies across the freight industry have announced another wave of layoffs, with over 600 workers in four states losing their jobs.
A first look at less-than-truckload carrier Saia’s second-quarter earnings report.
Lytx highlights fleet safety trends and outlines ways fleets can improve their safety and culture through data, reporting and driver coaching.
Blue Thunder Trucking of Broadview, Illinois, and its three affiliates filed for bankruptcy liquidation on July 19.
FedEx will fly fewer aircraft and go to fewer U.S. cities starting this fall as a consequence of the U.S. Postal Service giving its primary air cargo contract to a competitor.
TFI International reported solid financial performance in the second quarter of 2024.
The logistics needed to pull off the Olympic Games is always a massive undertaking. The 2024 Paris Games are even more intense. This is what it takes to pull it all off.
Covenant Logistics Group sees improvement in the overall freight market but not enough for a 2024 recovery.
Heartland Express’ Q2 earnings saw a net loss of $3.5 million as it works to improve its operating ratio and profitability
Cold storage real estate investment trust Lineage Inc. announced that its initial public offering priced near the high end of the range and will include at least 10 million more shares than expected.
Truckload carrier Pam Transportation Services lost money again in the second quarter but said it saw signs of an improving freight market as the quarter closed.
FreightTech hasn’t solved freight fraud, and regulators can’t figure out who is regulating it. Is there a solution?
Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.
Covenant Logistics Group posts second-quarter revenue of $287.5 million and adjusted earnings of $1.04 cents per share.
The Supply Chain Council heralded its beginning with an outdoor briefing near the Port of New York/New Jersey.
GOP lawmakers have asked owner-operators for rules they want to see overturned following a landmark Supreme Court decision.
Old Dominion Freight Line beat second-quarter expectations Wednesday as it continues to ready its network for an improving freight economy where it plans to win market share.
California’s latest environmental logistics rule focuses on forklifts, but clean technology there has been growing already.
Tesla has paused plans for a factory in Mexico amid a 43% drop in second-quarter profit.
Truckload carrier Heartland Express reported another quarterly net loss on Tuesday and said improvement in the freight market will not likely occur until 2025.
UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs.
China-based Windrose Technology plans to open a factory in Georgia where the company will produce an electric semi-truck.
Fleet fintech provider Coast lists a number of initiatives under its product road map.
Regulators approved Convoy Technologies’ rearview exemption while contemplating a rule change allowing cameras to replace mirrors.
UPS announced on Monday it has entered an agreement to acquire Mexican express delivery company Estafeta.
Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals.
Conversations about turnover and retention often hinge heavily on pay, but that is only part of the story.
The nation’s trucking regulator has told Congress it lacks the ability to deal effectively with illegal brokers.
Less-than-truckload carrier Saia announced two new terminal openings on Monday and said it will now open 18 to 21 terminals this year versus a prior expectation of 16.
This week in Borderlands: Bridge49 alliance wants nearshoring to go high-tech; Ocean Network Express unveils new Asia-Mexico service; new tractor-trailer parking facility opens in Phoenix; and rail facility along Houston Ship Channel opens for tenants.
Kelly Williams of Trimble weighed in on where technology has helped or fallen short for people in the trucking sector.
Marten’s second-quarter earnings deteriorated, but it said it hasn’t cut contract rates since August.
James Taylor will take his second run at leading a commercial electric truck company as the new CEO of Bollinger Motors.
Fastmore Logistics highlights its proven track record of picking the right carrier and using technology, people and processes to deliver service and security.
NullShip Shipping Solutions claims to sell U.S. Postal Service and UPS labels at a steep discount but sold clients counterfeit postal labels, costing one person thousands of dollars in lost goods.
FreightWaves’ State of Freight webinar suggests we’ll see more trucking companies leave the market in 2024, creating more equilibrium between shippers and carriers.
Tyler Harden give insights on how to keep up with maintenance in a way that is affordable and keeps roadways safe during this year’s Enterprise Fleet Summit.
FedEx Corp. on Thursday opened its first European Life Science Center, with capabilities to receive, store, kit, pick, pack and ship health care products.
Reliance Partners’ Modernization of Cross Border Trade event Aug. 6 will spotlight ways to improve cross-border operations through collaboration and relationships.
Recent data by Motive suggests the freight recession is closer to an end as more robust June restocking spurs higher July retail sales.
Data from regulators reveals improvements in truck safety last year, with the fewest deaths in five years.
ABF Freight head Seth Runser has been named president of ArcBest. He will be succeeded by the less-than-truckload carrier’s engineering vice president, Matt Godfrey.
A two-year process to determine how to value freight for state income tax purposes may be coming to a head.
Triumph Financial is sticking to its long-term goal of growing TriumphPay Network market share even as earnings sag.
Joni Casey, president and CEO of the Intermodal Association of North America, announced Wednesday that she will retire at the end of 2024.
Speedy deliveries and simple return policies are key for a positive customer experience this Amazon Prime Day, says Loop Returns Vice President of Product Kristen Kelly.
Trucking companies will have to consider electric vehicles, especially in port shuttle settings, to comply with emissions regulations, says Tony Williamson, director of business development and sustainability at Gage Zero.
Logistics warehouse operator Prologis said uncertainty around interest rates and the political landscape should be resolved in the coming months, clearing a path for a more constructive 2025.
Chris Schoate, vice president for driver recruiting and retention at Gulf Winds International, spoke with FreightWaves during Enterprise Fleet Summit 2024 about driver recruitment and retention in a post-pandemic job market.
Western Express shared some of its safety strategies at FreightWaves’ Enterprise Fleet Summit on Wednesday.
After wrapping up her first year as president and CEO of the Women in Trucking Association, Jennifer Hedrick explains the group’s strategy toward creating a more inclusive industry.
Large fleets should be “laser-focused” on reauthorizing the infrastructure bill and the provisions – good or bad – that could make it into the legislation.
Harman Cheema, president and CEO of Cheema Freightlines, discussed trends and forecasts in the freight industry during FreightWaves’ Enterprise Fleet Summit.
Logistics real estate landlord Prologis noted “subdued” but “improving” demand in its second-quarter report issued Wednesday.
Less-than-truckload carrier XPO said it has expanded its cross-border service with the launch of XPO Mexico+.
Truck safety advocates say foot-dragging on rulemakings by Department of Transportation regulators is costing lives.
J.B. Hunt missed second-quarter expectations Tuesday as soft freight demand and costs associated with carrying the capacity needed to meet future demand weighed on the period.
In a historic move, Teamsters General President Sean O’Brien spoke about bipartisanship, Amazon and labor reform at the Republican National Convention.
J.B. Hunt missed second-quarter expectations as volumes remained weak across all modes, expenses remained elevated and intermodal yields declined.
A $10 million lawsuit by a Georgia man whose pickup was rear-ended by a truck driven for a South Carolina amusement rides company will be heard in federal court.
Real estate investment trust Lineage announced the pricing of its initial public offering on Tuesday.
