Proper delivery routing is often overlooked as a potential sales tool, but done right, it can lead to increased customer engagement and more sales.
If independent owner-operators are included, Convoy analyst Terrazas says employment is probably at 2019 levels.
Each class has either side of 15 students, and the yearlong program covers many facets of the business.
Reliance Partners’ Robert Kaferle shares a few ways for fleets to retain their experienced workforce.
The company expects record 2021 earnings and boosts its 2023 bottom line forecast by $700 million, to $9.24 billion.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
With demand outpacing supply all year, the entirety of 2021 has mirrored peak season conditions. Despite these challenges ahead of the holiday season, there are low-cost solutions and long-term investments shippers can apply to improve operations.
The TCA calls the mandate “disastrous.”
Trimble Inc.’s third-quarter revenue and adjusted earnings per share topped analyst expectations in a challenging supply chain environment.
Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.
As the industry prepares for the new entry-level driver training rule to go into effect in February, fleets that train their own drivers and schools face new challenges in complying.
Yellow Corp. rode a hot freight market and an internal overhaul to positive net income for the first time in several quarters.
The company’s first reporting quarter post-spinoff could have gone better.
October was another month of “why bother” as fleets desperate for new Class 8 trucks held off adding bookings to a morass of back orders.
Forward Air announced the acquisition of two Minnesota-based intermodal transportation outfits on Wednesday.
Trucking companies dispute the widely reported message that a driver shortage is largely to blame for the port congestion issues in California. In fact, drayage companies are laying off drivers because of port delays.
From merger to business combination in less than four months, self-driving startup Aurora Innovation expects to begin public trading on Thursday.
The DOE SuperTruck program shifts to stretch goals for battery-electric and fuel cell trucks along with megawatt charging and green hydrogen.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
Germany-based Rhenus Logistics is acquiring Global Net Logistics, an international freight forwarding company based in Dallas.
When people think about security breaches, they often think about hackers in dark hoodies hiding behind computer screens. While some attacks do come from malicious outside parties, logistics companies should also be aware of threats coming from inside their own buildings.
Company plans to double LTL trailer capacity and add 900 dock doors.
Engine maker Cummins reduces its outlook for the full year amid the supply-constrained inability to meet elevated demands.
The new location in Woodbridge, New Jersey, will offer services such as overseas cross docking, overseas container plugs, port drayage, LTL/FTL transportation and same-day orders.
ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.
The company announced a 5.9% general rate increase for next year, but that has no bearing on the pain many shippers will feel.
Cowen’s survey, released to the public for the first time, shows a mixed reaction on the question of whether a vaccine mandate will affect carrier business operations.
ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.
The ports of Los Angeles and Long Beach are turning into makeshift warehouses. Officials hope new fines on lingering cargo will end the practice.
Federal regulators have vastly improved the ability to keep unsafe drivers off the road but the trucking industry is scrambling to make up the shortfall.
The front-month price of ultra low sulfur diesel on the CME commodity exchange is at its lowest level in several weeks.
TA’s diesel sales figures are a strong indicator of demand for the fuel, and they suggest that the third quarter wasn’t that much stronger than the second.
ArcBest announced Monday that it has closed on the previously announced acquisition of Chicago-based truckload brokerage MoLo Solutions.
Regulators are urging carriers to take action to ensure their ELDs remain legal after mobile networks transition out of 3G.
When electric vehicle maker Rivian makes its public debut, perhaps as early as next week, it could be at a valuation that rivals Ford’s.
Governments at the G20 meeting are pulling together to address supply shortages caused by freight transportation backlogs.
The new shortage hits home for a small Pennsylvania fleet as its canceled Western Star order leaves it with no options for new equipment.
Fuel levies on U.S. customers to rise 100 basis points for air and ground services, source says.
U.S. border officials handle regulated garbage and quarantine materials in order to prevent foreign pests and diseases from entering the country.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: KCS announces a new cross-border rail-served logistics facility; New York Air Brake to open plant in Mexico; Skydropx to expand across Latin America with $20M Series A funding; and CBP seizes $48M in methamphetamine from tractor trailer.
A shipper-carrier pledge is needed to restore trust on both sides.
Thanks to persistent industry headwinds, the debate surrounding how to pay drivers – by the mile or by the hour – is heating up, and Congress is taking notice.
The Port of Los Angeles is hoping to scare the freight community into more efficient behavior with big fines for the slow retrieval of containers.
Arkansas-based carrier’s trucking segment posted revenue of $113M and brokerage division posted revenue of $81M in Q3.
The Science Based Targets initiative standard for setting net-zero emissions targets can provide companies with guidance while increasing the credibility of their goals.
Universal Logistics misses third-quarter expectations and said it will look to its customers to address wage inflation and accessorial charges at the ports.
Given how difficult it is to source capacity in today’s market – as well as the growing importance of visibility throughout the supply chain – it is not surprising to see more visibility and predictive freight matching tools entering the scene.
In its last quarter as part of Daimler AG, Daimler Truck reported higher unit sales but lower revenue.
TFI International plans to shut down four terminals at the former UPS Freight operation and the CEO signals more to come as the company targets costs.
Truck Talk is a FreightWaves’ newsletter covering the trucking ecosystem with perspective and context.
When shippers are using several cobbled-together solutions with hit-or-miss integrations, they miss out on opportunities to optimize their business practices and workflows.
FreightWaves CEO Craig Fuller describes the current and future opportunities in supply chain technology.
Many of the conversations surrounding peak season headwinds center around shippers, but carriers are also faced with challenges during this time.
Also on the podcast: The growing tie between high natural gas prices and what you’re paying for diesel.
Both reports see debt levels rising initially but with a steady move toward a more reasonable level of coverage.
Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.
Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.
The ports of Los Angeles and Long Beach are turning to heavy-handed tactics to address a container logjam that is gumming up supply chains.
Both companies see their financial results weighed down by higher labor costs and operational disruptions due to staffing shortages.
TFI International fails to replicate early herculean improvement at ex-UPS Freight as operating ratio weakens slightly in record third-quarter financial results.
CEO Jassy says Amazon faces billions of dollars in additional costs during the fourth quarter.
Forward Air took an aggressive step Thursday, issuing sizable earnings growth guidance through 2023. Upgrading the freight mix has management confident in the extended outlook.
Reliance Partners’ Brian Runnels and Robert Kaferle spotlight blind spots to expose their hidden dangers.
California and federal officials are partnering to speed up future freight infrastructure investments, as well as reduce delays impacting cargo flows today.
The CEO of Canada trucking giant Mullen Group says the cost of freight in the country is set to press upward amid high demand, tight capacity and the end of wage subsidies.
The CEO of North America’s largest privately held LTL carrier makes a passive investment in the digital freight-matching firm.
Management from Schneider National told analysts on its third-quarter earnings call that current truckload fundamentals should carry through the end of 2021 and well into next year.
The LTL carrier plans on opening 10 to 15 terminals in 2022.
Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.
“These international commitments are valuable, but of course they are no replacement for actual action on the ground,” said Timothy O’Connor, senior director and senior attorney of energy transition strategy at the Environmental Defense Fund.
Sourcing capacity will likely prove difficult through at least the first quarter of 2022 as supply and demand struggle to strike a balance during the peak season.
New car inventories are down significantly from 2019 due to manufacturing slowdowns and parts shortages. Meanwhile, demand continues to surge, with multiple used car pricing indices showing prices up about 27% year-over-year.
With pharmaceutical spending reaching new heights, a single shipment can be worth millions of dollars, leading to monumental financial losses — as well as serious threats to human lives — in the event of a transportation or distribution error.
A little more than a year ago, Ryder was dealing with too many used vehicles to sell. It is well past that now.
North Carolina-based carrier’s third pay raise in a year comes amid unprecedented freight volumes and demand for drivers.
Trucking firm Marten Transport discloses it was the victim of a cyberattack that may have exposed employee data after a ransomware gang briefly posted a claim of responsibility.
The Port of Long Beach is trying to innovate its way out of container gridlock. The latest move is regular shuttle trains to Utah to reduce less efficient truck moves.
After settling a class-action lawsuit over defective MaxxForce engines, Navistar agrees to pay the government for Clean Air Act violations.
Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.
During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions.
Used vehicle sales at the company were strong again.
The freight and supply chain sector is often categorized as “hard to abate” when it comes to greenhouse gas emissions. AskWaves digs into why that is.
The Los Angeles/Long Beach cargo community is confused about punitive fees on ocean carriers designed to expedite the clearance of containers from marine terminals.
With no previous experience in the trucking and logistics industries, Mohammad Banibaker struck out on his own during the COVID-19 pandemic and founded Azmi Freight.
These are the five spots where truckers are most likely to experience a rollover, according to a telematics company.
Company shoots out the lights in the third quarter with soaring profits and EPS.
An ATA survey reveals a driver vaccination rate of 50%, with more than half of the unvaccinated saying they will not get a shot under any circumstance.
Flock Freight’s fierce dedication to greening up the supply chain helps it stand out from its peers and attract a wealth of talent from several different backgrounds.
Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.
Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.
UPS boosts its 2021 operating margin guidance to 13%.
Transport Canada is investigating an ELD certification body after a vendor alleged that it approved a device that could allow drivers to falsify their logs.
The agency bans shipping of vaping products, joining FedEx, UPS and DHL. Regional delivery firm LSO plans to expand vape shipping in its territory.
Canadian trucking and logistics firm XTL Group expands into the U.S. with the acquisition of Georgia freight brokerage CBT.
In his speech, Chris Spear touted the ATA’s role in the infrastructure act now before Congress.
Many media outlets are reporting that a Long Beach city order will allow bigger container stacks at the port. Not true. It’s for container yards outside the harbor district.
By placing all assets on the same platform, fleet managers no longer have to manually track asset location, driver hours of service status, or engine condition.
VNR Electric purchases are small but growing consistently as Volvo Trucks North America seeks zero tailpipe emissions by 2050.
Descartes Systems Group’s MacroPoint Capacity network adding FreightWaves SONAR’s Lane Score data.
The end of the supply chain as we know it? Not even close, an economist believes.
