FourKites said it had a banner year in 2020 as more companies sought out the real-time supply chain visibility company.
Parcel initiatives are expected to bring in $24 billion in new net revenue by 2020, the agency said in releasing its 10-year reorganization plan.
BorgWarner’s acquisitions in electric components and systems position the Tier 1 supplier to grow its electrification revenue to 45% from 3% by 2030.
Automation will mitigate exposure created by process errors and duplication of efforts by integrating disparate systems.
Electronic payments provider Relay Payments announces Old Dominion Freight Line is the latest carrier to join its platform.
If many fleets procrastinate to avoid a disruptive transition, there could be a shortage of equipment.
FreightWaves Ratings is FreightWaves new review/rating site of commercial products for the freight industry.
MyCarrier is scaling a white-labeled LTL TMS with a unique distribution model.
Carol Tomé has blown through UPS like a whirlwind. Will there be long-term blowback?
UK electric van and bus startup Arrival adds to Charlotte, North Carolina, presence with second US microfactory targeted to fill UPS order.
Nuvocargo recently updated its platform to include bilingual tracking features and more visibility for cargo shipments in Mexico.
Have time to catch a NASCAR race while on the road? These are five tracks that are very accommodating to truckers.
Less-than-truckload carrier Saia announces the addition of its 20th facility in the Northeast in just the last four years. The LTL market continues to garner incremental investment dollars as demand rises.
Load board adds more enterprise-level automation to its compliance offering.
The LTL brokerage business is much smaller than that of truckload, but its profitability increased during the quarter.
The soon-to-be parent of Navistar increases electrification investment to $1.9 billion by 2025 and says 80% of its brands’ trucks will be electric by 2030.
A customs broker can help navigate cross-border freight. But companies should know what to look for in a customs brokerage.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Supply chain issues halt more automakers; GrubMarket acquires Texas produce wholesaler; WDSrx opens pharmaceutical warehouses in Texas, Nevada; and Peak-Ryzex announces partnership with distributor, logistics firm.
Tender rejections and spot rates also fall slightly.
Peter DeFazio, a top transportation lawmaker, wants the Federal Communications Commission to rethink adopting rules that experts say would hinder trucking automation.
Even as the relationship between Ryder and Chanje was hitting the rocks, Ryder continued to do new deals with the supplier of electric vehicles and touted its role in the company’s green plans.
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
Also on the podcast: Did Joe Biden help boost the price of oil?
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
The company moves to broaden its footprint and introduce services as it posts stellar fiscal 2021 third-quarter results.
Walmart plans to convert a Dallas store for online order pickup for customers.
Smith sees no let-up in the demand for the company’s services.
The NLRB action is a gathering of earlier Teamsters actions against Universal, now pulled together in one filing by the government agency.
A GAO report links accurate data collection to motor carrier costs.
“Take some time each week to clean out the cab, and stay on top of it, just like you would your house. It’s a healthier atmosphere to be in if it’s clean,” says Reliance Partners’ Brian Runnels.
South Korean’s Hanwha Group plans to cut 50% of its holdings in Nikola as the electric truck startup seeks to sell $100 million in new shares.
Economic downtown spurs more freight-related job cuts across the Lone Star State.
February freight data from Cass shows a deceleration in the growth rates of shipments and expenditures. Recent weather events have only “coiled the spring” for a continuation of high demand and rising rates.
Amazon has started testing Rivian electric delivery vans in San Francisco as part of its planned rollout of 10,000 electric vehicles by 2022.
Truck driving can be stressful when carrying unusual freight. These are five fairly odd loads that have been lost.
Hiring and retaining drivers is an art more than a science.
Fireworks could be stuck at sea by the time the Fourth of July rolls around. Blame massive port congestion and overloaded freight networks. The fireworks industry is asking the Biden administration to provide a fix, but what can it do?
Lawmakers hear from trucking on outlook for achieving zero-emission vehicle targets
No details disclosed, but Fourshore generally looks at companies valued at $10 million to $75 million
Nevada’s 2021 rail plan lays out how the state can leverage freight rail more often and utilize existing infrastructure in light of nearshoring and emissions reductions opportunities.
After raising pay earlier in the year, Cargo Transporters has implemented a flexible pay package, allowing company drivers to earn paid time off and bonus payments on a prorated basis.
An American Transportation Research Institute study finds the cost to deploy and collect a vehicle-miles-traveled tax would be 300 times more than the current fuel tax.
Great Lakes Petroleum Transportation of Alma, Michigan, which hauls crude oil, filed for Chapter 11 bankruptcy protection. The trucking company has 59 power units and 49 drivers.
On this St. Patrick’s Day, truckers tell FreightWaves which cloverleaf interchanges bring them the worst luck.
Port Houston is positioning itself as a viable option for handling more containerized imports from Asia.
The CBP’s final rule is seen as aiding the U.S. Postal Service in weighing which shipments fail to comply with a data preclearance directive.
A DOT autonomous trucking technology study downplays concerns raised by the FMCSA.
Reports of problems in the application process are widespread, but the PPP loans given out total more than $160 billion.
In an environment as hands-on as trucking, bridging the gap between the digital and physical worlds can prove challenging.
SPAC acquisitions are cropping up with more frequency, and we can only expect more deals to go through in 2021.
While the less-than-truckload market is experiencing a boom, it’s not without growing pains, according to Recon Logistics’ pricing and analytics expert Curtis Garrett.
A pair of Canadian trucking companies in the Toronto area, Orbit Freight and Delta Carriers, shut down in close succession before their owner filed for personal bankruptcy.
Activist investor Ancora Advisors gains two seats on Forward Air’s board and endorses three others. The company’s former CFO has been brought on in a consulting role.
Since the price started its run in November, it’s up more than 81 cents per gallon.
The new rules approved by the NLRB could be overturned by the Biden administration but only after a formal rulemaking.
West Coast carrier Cheema Freightlines announces a pay bump for drivers and plans to expand its fleet in 2021.
A former car hauler claims he was forced into hiding after blowing the whistle on his trucking company’s alleged illegal business practices.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Big changes planned for Pharr bridge; Team Worldwide opens office in southern Arizona; Amazon to open fulfillment center in Texas Panhandle; and CG Railway launches bigger, faster vessels.
Spot rates steady well above $3.00 per mile.
Trailer makers cannot keep up with demand, pushing out delivery times while navigating supply chain bumps.
Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.
Congressman Sam Graves proposes using the Postal Service to test a new bridge and highway funding effort.
After a fresh round of pay increases at the beginning of the year, some carriers are continuing to raise rates further. Bay & Bay Transportation announced effective immediately it has raised pay for independent contractors by 20 cents per mile.
The legal reason cited for the withdrawal is the elevation of two principles of “economic realities,” which the Wage and Hour Division says have not been used by courts in the past.
Michael Chaves, the former owner of a vehicle-transport carrier, gets 30 months in prison for forging DOT documents and failing to maintain driver certifications.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
The lending given out so far in the third version of the Paycheck Protection Program is not on track to exhaust the funds that have been authorized.
Nikola has less need for partners for its hydrogen fueling stations now that it has a sweet price for electricity in Arizona.
UPS needs to step up its weekend game if it plans to overcome FedEx’s advantage in e-commerce transit times, a former UPS executive says.
DeJoy testifies that the Postal Service must focus on increasing its 35% share of the package market currently dominated by private carriers.
The remaining assets of bankrupt trucking company Comcar Industries will be liquidated through two trusts, leaving little for unsecured creditors.
More than 178,000 individuals apprehended at the United States-Mexico border in January and February
E-commerce is the growth engine for air cargo. It’s why DHL Express just added a new air/parcel hub in Milan, Italy.
A global semiconductor chip shortage continues to affect auo factories on both sides of the United States-Mexico border.
“A lot of truck drivers, just like law enforcement, don’t understand that girls in these types of situations are usually not there by their own will; there’s usually someone else behind the scenes compelling them to do it,” said Reliance Partners’ Mark Barlar.
A third-generation driver from Tennessee becomes trucking’s latest instant millionaire.
The low number assigned to one of the key bills signifies it is a priority and is seen as a positive sign by the trade group.
XPO Logistics has embraced diversity, equity and inclusion in its workforce that is enhancing its culture, and leading to business success.
Visual LANSA combines the flexibility and control of traditional programming with the benefits of low-code solutions.
The Great North is taking the slow road on implementation
Reload, Vorto’s new autonomous platform, could save companies more than $400 million per year while increasing sustainability.
Fluid Truck specializes in box trucks and cargo vans and focuses on last mile
Understanding trucking automation’s effect on the trucker workforce is a priority for the Biden administration, an FMCSA official asserts.
FedEx rebrands the service FedEx Ground Economy to reflect full control of last-mile deliveries.
Flatbed carrier Daseke announced Wednesday it has reduced debt and refinanced the bulk of its remaining debt. The transaction, which will lower annual interest payments, is the latest in the company’s efforts to improve margins and financial returns.
Robust liability insurance is one of the keys for increased safety in commercial trucking, according to findings by U.S. Xpress.
It can be confusing for shippers to identify high-impact technology investments.
Federal stimulus checks will be heading by direct deposit and mail to millions of Americans, who will quickly turn to their computers to place online orders that flood parcel networks.
Canadian trucking and logistics firm Titanium Transportation Group had a very good fourth quarter on the strength of its U.S brokerage business. But 2021 is set to be even bigger with its recent acquisition of ITS.
China was the top U.S. trading partner for the 10th consecutive month in January and was the most important trading partner in 2020.
The PRO Act would impact only the regulatory power of the National Labor Relations Act and is mostly targeted toward making unionization easier.
The German logistics giant forecasts more than $7 billion in operating profit as far out as 2023.
E-commerce is like a monster that can’t be contained and Amazon is growing with it. The online retailer just bought some aircraft for the first time. Now it has bought a piece of a cargo airline.
Einride conducted a survey to explore women’s views on a career in the trucking industry and how interest was impacted by environmental factors and technological factors such as autonomous trucking and artificial intelligence.
A. Bailey Wood takes over as head of the Commercial Vehicle Training Alliance from Don Lefeve.
The Truckload Carriers Association will host a complimentary webinar on today at 1 p.m. for those interested in the TCA Profitability Program (TPP).
This article was originally published in The Stockout newsletter on February 3, 2021. To sign up for The Stockout newsletter, click here. We recommend that CPG companies, and others that […]
Booming sales, thin inventories and more stimulus on the way provide the backdrop for potentially setting a new record for retail container imports in 2021. The National Retail Federation raised its outlook again for loaded containers landing at U.S. ports in the first half of the year.
Navistar reported a Q1 fiscal loss in its final earnings in 35 years as the public holding company for International Trucks and IC buses.
The Canadian government won’t say when enforcement of its ELD mandate will begin. But it won’t happen on day one. And it’s unclear when the first devices will get approval.
