Triumph Bancorp CEO Graft revealed the numbers on the new factoring and brokerage companies that have signed up to the processing platform whose capabilities were bolstered earlier this year with the acquisition of HubTran.
The huge C-suite move puts the supply chain heavyweight in the center of the parcel action right away.
Chinese investment scrutiny and SPAC renegotiation suggest going public may not happen for autonomous trucking software maker Plus.
A former FedEx Ground senior manager was sentenced to more than three years in prison for his role in a decadelong stolen-goods scheme.
Sequentially, tractor growth is positive for the first time in more than a year, a sign the company cites as evidence the Variant initiative is succeeding.
Covenant Logistics Group’s managed freight segment revenue grew 89% year-over-year during the third quarter, to $90 million.
Reliance Partners’ Mark Barlar reacts to CVSA’s HM/DG Road Blitz and encourages the industry to clean up its act when hauling volatile materials.
Landstar reports record third-quarter results and calls for a similar performance in the fourth and potentially beyond.
Slowdowns and stoppages likely to continue as supply chain disruptions plague heavy-duty truck production.
While dates for other CVSA inspection weeks are announced in advance, the precedent set by Canada was not to disclose the dates for what is known as HM/DG inspection week.
E-commerce fulfillment provider ShipMonk’s facility in Mexico will focus on companies that rely on goods manufactured internationally.
“Unprecedented” summer rains, mudslides and interstate closures have Colorado carriers digging themselves out of a hole.
Azuga customer fleets of all sizes, from delivery companies to over-the-road trucking operations, can buy into a new carbon offset program to help them make their vehicles carbon-neutral.
Sought-after used trucks nearly double in year-over-year price, according to J.D. Power Valuation Services.
Chattanooga-based Covenant benefited from an exceptionally strong freight market resulting from growing economic activity, low inventories and supply chain disruptions.
Trucking companies, logistics firms and suppliers may be left in a lurch after an auto parts supplier filed bankruptcy after losing GM as a client.
A look at how Knight-Swift Transportation blew past third-quarter expectations and raised its full-year guidance.
ShipmentX offers logistics providers a marketplace ecosystem in which users can operate confidently and match freight with full transparency, driving trust-based relationships.
FMCSA’s Meera Joshi is taking on multiple trucking issues.
U.S. Bank’s Spend Index does include the price of fuel, which has helped to drive it higher.
Overlapping crises have pushed the race for global visibility into a critical stage.
Long-term supply chain challenges could minimize the value of driver pay increases.
Hub Group forecasts mid-teens revenue growth between the Choptank business and cross-selling.
With other truckload carriers coming in at a sub-80% OR, Marten’s ratio for truckload improved just 40 bps.
Former trucking school execs Robert Waggoner and Emmit Marshall were sentenced for bilking the U.S. Department of Veterans Affairs out of nearly $4.2 million.
It is clear that shippers need to pinpoint proactive solutions to their peak season woes if they hope to safeguard their bottom lines and maintain positive relationships with their customers in the upcoming months.
The winning attorney doesn’t think the award is big enough to constitute a nuclear verdict.
There is plenty of opportunity for innovative companies to solve for industry headwinds, a prospect that excites both new investors and existing stakeholders across the industry.
Transaction adds trucking to Hub’s refrigerated transport portfolio.
SPS Commerce is collaborating with C.H. Robinson to open up new LTL capacity to retailers in need of space to move goods this holiday season.
Carriers have overcome notable cost inflation and disruption to post better-than-expected results so far in the third-quarter earnings season.
Pumpkin growers across the U.S. have dealt with everything from invasive fungus to extreme weather to supply chain issues leading up to Halloween this year.
A bigger-displacement natural gas-powered engine from Cummins could prompt fleets to switch from diesel in pursuit of lower emissions.
The Biden administration is pushing industry to take immediate and long-term steps to get ports and intermodal transport working smoothly.
Amazon’s seasonal demand dwarfs its competitors.
One way to solve present capacity and cost challenges is by using technology that not only provides real-time visibility to the trailer status and location but also delivers clear view of the cargo space and capacity utilization.
Renewable natural gas (RNG) has emerged as the leading pathway for low-carbon, clean air trucking.
The two contracts the Teamsters signed with XPO are the highlights of the union’s last few months.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: The TexAmericas Center looks to expand its rail transload business; Mexico’s exports of commercial trucks fell 11.3% in September; Bridgestone completes a $100 million expansion in Mexico, creating 150 jobs; and a cold storage facility is set for Southern California.
This week: Maersk moves seven containers of medical supplies to India for $1 a pop; Razor’s new landing gear helps a veteran monument replica move across the U.S.; and XPO continues to support breast cancer walks.
Shares of J.B. Hunt Transport Services jumped 10% Friday as the company navigated supply chain challenges during the third quarter to beat analysts’ forecasts.
This episode also dives into the tight inventories facing the diesel market.
Stockholm-based TrusTrace plans to use the capital to expand globally, enhance product development and “continue leveraging cutting-edge technology and the best minds in the industry to achieve positive, restorative change for people and the planet,” said Shameek Ghosh, CEO and co-founder.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the trucking ecosystem.
J.B. Hunt Transport Services sidesteps disruption throughout the transportation network to beat analysts’ forecasts.
News comes days before LaserShip’s private equity parent to announce $1.3 billion purchase of fellow regional delivery firm OnTrac.
P.A.M. Transportation Services sees earnings surge during the third quarter even as supply chain disruption accelerates.
A top Biden administration official believes securing data among supply chain competitors will be the key to rolling out a nationwide 24/7 strategy.
Nikola continues to work its fuel cell electric truck reservation book, converting flatbed hauler PGT Trucking to a letter of intent.
Recruiting, cybersecurity and human trafficking were major discussion topics at this year’s conference in Dallas.
Heartland Express beats expectations in the third quarter with the help from gains on sale.
Recruiters are pulling out all the stops to attract truck drivers. But one trucker charity founder says carriers’ priorities change when tragedy strikes: They often retrieve the freight but fail to help the drivers’ families.
Owner-operators are warning the FMCSA that shortages at drug-testing clinics are threatening truck driver livelihoods.
Does private equity see a future in a nationwide parcel network stitched together with regional players? The LaserShip-OnTrac deal may be the first step.
The Teamsters backed the actions and praised the “brave” drivers; the court suggested XPO might have had a strong case.
The collision of supply constraints with pent-up equipment demand is pushing some 2021 trailer orders into next year.
The transportation industry needs to transition to cleaner fuels to keep global temperature rise below 1.5 degrees Celsius. Green hydrogen-based fuels have potential to decarbonize shipping, aviation and long-haul trucking, according to recent reports.
Supply chain constraints are keeping a lid on freight volumes while rates continue to reach new highs, according to September data from Cass Information Systems.
Freight is attracting record levels of investment right now, and Emerge’s dedication to making the industry more flexible and efficient through digitization has drawn attention.
The company is so new that there isn’t any earnings history to discuss yet, but that will change in a few weeks.
The former Keurig Dr. Pepper executive reports to Joe Metzger, chief supply chain officer.
Ryder System is closing its operations in Tracy, California, where the company operated a distribution center for PepsiCo.
The IT maven segues into an operations-driven role while keeping the CIO job.
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
The company moves its commitment times to noon from 10:30 a.m., effective Oct. 18.
Tri-State Expedited announced it has been acquired by its senior management team.
Last of major truck makers to launch an electric truck, Navistar places first five medium-duty eMV Series models with Penske Truck Leasing.
Some argue that Amazon lacks the integrated network to pull it off. But betting against the company has generally been a losing proposition.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico to require more documentation for shipments traversing the country; dexFreight selected by Hutchison Ports Mexico as software provider; Averitt Express expands Texas operations with new facility; and CBP agents intercept first-in-the-nation insect in Costa Rican shipment.
With globally common hoses and hardware, hydrogen fuel cell truck supporters think they have closed the gap with diesel fueling times.
As the Bestpass team strives toward interoperability for fleets, one costly and persistent obstacle is tolling by plate.
New forecasts from the National Retail Federation call for retail imports to stay high through at least February.
Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.
GLS has agreed to acquire Rosenau Transport for $288 million in a deal that creates a freight and parcel network across Canada.
The longtime IT executive assumes the role immediately in an “acting” capacity. The move is seen as extremely unusual because tech execs are not viewed as being operations-savvy LTL bosses.
With upward adjustments in July and August figures, the gains recorded in September were already coming from a higher base than what earlier had been recorded.
Truck manufacturer Navistar faces a data breach lawsuit after disclosing that sensitive information about 49,000 people may have been exposed in hack.
The German titan reports solid performances from its Express, Forwarding, Supply Chain and eCommerce units
Brian Runnels and Robert Kaferle lead Reliance Partners’ revamped loss control and safety services team.
Boyle Transportation has been acquired for $80 million by a Canadian health care supply chain management company.
Officials say a proposed inland port near where the Mississippi and Ohio rivers meet will have ample capacity to serve Midwest customers seeking export access via barge, rail and truck.
AskWaves talks with an expert to learn how the Global Logistics Emissions Council provides a single framework for supply chains around the world to track emissions.
The collective odometer on evaluation units of Daimler Trucks’ eCascadia and eM2 box trucks crossed 1 million miles.
A Democrat-led committee investigating Yellow’s $700 million Treasury loan suggests the Trump administration was involved in the approval process.
An analyst surmises that Amazon was the other part of the love triangle.
FMCSA is giving states three years to comply with a new truck-driver ban for drug and alcohol abusers.
Two fleetwide messages sent to drivers Tuesday from Tim Kohl, CEO of Marten Transport, thanked drivers for their patience “in working through some systems issues” the company started experiencing Sunday, but company executives have declined to issue a public statement.
An owner-operator lawsuit fails to convince a federal appeals court that FMCSA acts as a consumer reporting agency.
The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.
Observers are left to speculate why the Supreme Court offered no opinion.
Third-party logistics provider Unique Logistics filed for a public offering, which is expected to raise at least $35.5 million in net proceeds.
The chaos in the supply chain has ripple effects down to the last mile. AxleHire Founder Daniel Sokolovsky is responsible for ensuring his company can meet those last-mile delivery demands.
Transportation capacity continues to contract at a record pace with rates climbing to historical levels, according to the September Logistics Managers’ Index.
AirTerra’s founder looks to connect regional parcel carriers and offer options to SMB retailers. AEO looks to offer logistics as a service to competitors.
Class 8 truck orders skipped a beat in September as supply shortages delayed the typical order season with fewer new trucks booked.
The semiconductor shortage takes a 7,000-truck toll on Paccar in Q3 with no sign of relief in sight.
Samsara’s newest features to its driver app will allow companies to create full-day workflows for fleet drivers.
Company takes no chances in keeping supply chain problems away from holiday deliveries.
Kriska Transportation Group strengthens its cross-border LTL business with the acquisition of Ontario-based Transport N Service.
Congress passes a short-term funding extension for highway projects as infrastructure investment uncertainty grows.
