The agency’s revamp will likely include cost reductions, price increases and efforts to streamline what many consider a bloated organization.
Fine art logistics provider Masterpiece International saw benefits of technological innovation firsthand when switching from human couriers to high-tech trackers during the coronavirus pandemic.
In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.
Forward Air’s CIO recommends hiring a CIO who has been through a crisis as an important step to prepare for a cyberattack.
Electric chassis maker Xos Trucks may be the next electrification startup to get a financial injection by merging with a special purpose acquisition company, Reuters reported Monday.
TFI International CEO says it will take a hard line on UPS Freight customers who aren’t making the company money after its $800 million acquisition closes.
A top FedEx reverse logistics expert says the online returns tsunami has just begun.
Daimler Trucks North America is going to offer fully integrated powertrains for its electric trucks the same way it does diesel trucks — through its Detroit technology subsidiary.
Charges against a newly minted trucker are dropped as prosecutors point to his “lack of involvement” in $2.8 million worth of marijuana found in a sealed trailer of pork at the U.S.-Canada border.
Yard management represents a costly blind spot for many shippers and their supply chain partners, according to a survey released by FourKites.
Less-than-truckload carrier Saia laid out expansion plans on its fourth-quarter earnings call. The carrier believes door count growth can exceed recent expansion efforts.
Old Dominion CEO Greg Gantt says nine service centers were added in 2020 and there are more to come this year — some of them soon.
As CEO Elon Musk tweets support for the meme-based Dogecoin cryptocurrency, Tesla disclosed Monday it has invested $1.5 billion in Bitcoin and will let customers use it to buy electric vehicles.
Less-than-truckload carrier Saia reported fourth-quarter results well ahead of expectations Monday. The company reported record operating results in a “most unique year.”
NFI driver Roger Daily credits his dad’s incredible work ethic and a man named Cliff Capps for his 30-year career and impressive 6 million safe miles.
Hyzon Motors, the fuel cell startup could get hundreds of millions of dollars in backing from a special purpose acquisition company this week.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Super Bowl avocado exports from Mexico are up; Schneider provides diversity grants; Logistics center opens in Tijuana; and CBP seizes phony designer children’s pajamas.
CEO Dave Jackson says Knight-Swift “stepped up and we put a chunk of coin down to make sure all of our data stays private.”
In today’s edition of The Daily Dash, a lawmaker would like to make COVID vaccines available at a truck stop chain; the future of trucking regulations; and why is trucking employment falling?
Tender rejections rise for the first time in a month.
Amazon reportedly will nurture hundreds of startup trucking companies to haul its goods.
North American automotive and import opportunities could boost business for Universal Logistics during 2021, CEO Tim Phillips said during the Q4 earnings call.
A drop between December and January is normal, and the strong market did not reverse that.
Welcome to FreightWaves Truck Talk, your Friday look at industry news with context, perspective and a bit of commentary. You can get Truck Talk delivered via email by subscribing at https://www.freightwaves.com/truck-talk.
When a single point of contact handles all of a company’s freight needs, customers are rewarded with lower costs, less confusion and more transparent shipments.
The number of jobs in the warehousing and storage sector also fell from December to January.
In today’s edition of The Daily Dash, offering up a to-do list for new Transportation Secretary Pete Buttigieg. Plus, recapping the latest earnings and how Bezos changed logistics.
Titanium Transportation Group becomes one of the largest trucking companies in Canada after acquiring International Truckload Services.
Retailers will want to pull forward inventory ahead of the 2021 peak season, the intermodal marketing company said. Fourth-quarter 2020 revenue grew by 6% although net profit slipped by 20% year-over-year.
A Wall Street research firm calls the performance “remarkable.”
OOIDA testifies on vaccine and truck parking concerns before the House transportation committee.
The trucking and logistics company gained from strong demand and tight supply.
Universal Logistics’ operating revenues from truckload services in the fourth quarter decreased $8.7 million to $49.8 million.
Yellow Corp. is back. The holding company formerly known as YRC Worldwide has gone back to its roots. However, fourth-quarter results missed analysts’ expectations at a net loss of 37 cents per share.
Peterbilt took five years and the input of 59 customers to complete a thorough redesign of its Class 8 flagship Model 579 that improves fuel economy by 7%.
Reliance Partners’ Jordan Chastain suggests spending more time with a motor carrier before jumping into the world of independent driving.
The startup will use proceeds to more than double its staff as it prepares for growth in the industrial warehousing sector.
Also on this week’s podcast: Diesel gains back almost all of the pandemic losses
SmartHop is more than just a freight dispatch; its “business-in-a-box” tools distinguish it as a comprehensive solution for over-the-road-trucking.
One notable number in the company’s earnings is that even with growth in all areas, compensation costs were held in check.
Engine and power systems maker Cummins Inc. destroyed analyst estimates for Q4 as the loosening of COVID-19’s grip in China pushed record sales.
In today’s edition of The Daily Dash, Schneider plans to invest in new equipment in 2021. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight; Jeff Bezos will step down as CEO of Amazon; and Daimler spins off its truck businesses.
What suggestions would you give new Transportation Secretary Pete Buttigieg? Our reporters share theirs in this FreightWaves roundtable.
Trailer maker Wabash National is pruning its product portfolio to redeploy resources for growth it sees in refrigeration and last-mile delivery.
Rents on U.S. logistics real estate advance amid pandemic-related headwinds during 2020. The annual Prologis Logistics Rent Index puts a bow on the year and takes a look at what 2021 has in store.
New capital at newtrul will enable expansion of the supplier base to support growing demand, feature enhancements, APIs and TMS integrations.
Amazon CEO steps away after going where no retailer had gone before.
U.S. Customs and Border Protection officers recently seized cocaine, fentanyl and methamphetamine worth more than $2.8 million in separate incidents in Texas, authorities said.
Schneider National plans to use its strong cash generation capabilities to reinvest in the fleet during 2021. The carrier will also look to allocate growth capital to its dedicated and intermodal offerings.
Daimler AG will create a stand-alone truck business, separating Daimler Trucks from the Mercedes-Benz passenger vehicle business to focus on zero-emissions technologies.
Forward Air was on track to beat its Q4 estimates before the December cyberattack.
“It’s been really easy to get the band back together,” says CEO Jason Provonsha.
Schneider National posted fourth-quarter results ahead of analysts’ forecasts on Wednesday. The company’s 2021 outlook is largely in-line with the current consensus estimate.
Meritor started with an electronic axle and worked forward to pull together all the major components of an electric powertrain that can propel an 80,000-pound line haul tractor or a medium-duty box truck.
In today’s edition of The Daily Dash, UPS’ blowout Q4; Mayor Pete gets a new job; and Forward Air is raising prices.
Romeo Power Inc. claims a two-year lead over competitors in the race to fast-charging, long-range batteries for electric trucks. But new entries, backed by blank-check companies like Romeo was, are flooding the market.
Parts shortages and supply chain issues could push planned Q1 production into spring as robust orders continue in January.
The deal benefits TFI’s freight-centric culture and allows UPS to shed a noncore asset, Tomé says.
Amazon announces a leadership shift as it crushes fourth-quarter 2020 estimates and reports $125 billion in revenue.
Trucks hauling COVID vaccines won’t get pulled over, says the Commercial Vehicle Safety Alliance.
Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering packages to Hong Kong this year.
EKA Solutions’ TMS is gaining traction among small and midsize carriers and brokers with “high adoption rates.”
The January Logistics Managers’ Index moves higher as more firms take on inventory and delays throughout the supply chain further deplete transportation and warehouse capacity.
Compliance with record-keeping regulations is a time-consuming task that can easily fall through the cracks as busy fleet executives focus on day-to-day tasks.
Scott Ruffin’s company is poised to exploit weaknesses in legacy delivery networks to take B2C share.
Logistics provider ArcBest sees positive tonnage trends continue in the first quarter. The less-than-truckload carrier is attempting to break the historical margin decline seen from the fourth quarter to the first.
Pete Buttigieg wants to push through an infrastructure package that links highway funding to electric vehicles and climate policy.
With the focus on technology, service and operations, Team Worldwide has appointed Randy Sinker as president of the company.
BrightDrop, the new General Motors business-to-business electric first-to-last-mile delivery subsidiary, will sell 12,600 of its vans to Merchants Fleet.
U.S. Xpress will become the latest carrier to adopt Platform Science’s technology platform, allowing it to deploy third-party and custom apps without the need for added hardware.
SONAR is the leading freight forecasting platform. Two recently added SONAR indices are proving very useful to SONAR subscribers. Learn more.
E-commerce and shipping solutions provider Pitney Bowes reported “the highest modern-day, organic growth rate on record.”
Fuel Transport is the latest Canadian operator to install project44’s visibility technology.
UPS reports all-time annual records for revenue and earnings per share.
Logistics provider ArcBest reported better-than-expected results for the fourth quarter Tuesday. Less-than-truckload tonnage increased by double-digit percentages as weight per shipment jumped 10%.
In today’s edition of The Daily Dash, TFI International has acquired another carrier. Plus, the CDC says most truck drivers don’t have to wear masks, and flatbed operator Daseke is looking for acquisition targets.
The U.S. Postal Service is exploring the potential of bringing in commercial operators to handle outbound traffic.
Forward Air is the latest transportation provider to implement general rate increases amid a tight capacity environment. The company’s 6% GRI will apply to all shipments.
DHL Global Forwarding recently launched a new bulk liquid transporter system of flexitanks called DHL Reefertanks.
YRC announced Monday the further expansion of its regional next-day service at YRC Freight. This rollout will make the service available out of 13 terminals throughout the mid-Atlantic.
After a difficult 2020, optimism about the supply chain is running high this year — and 11 industry leaders have identified several opportunities for growth with their predictions for the rest of 2021.
Ryder will provide three hours of paid time off for each of the two COVID-19 vaccinations.
CDC implements President Biden’s executive order on mask requirements at transport hubs.
Only a week removed from the $800 million purchase of UPS Freight, TFI International is back at it. On Monday, the company announced the acquisition of van and flatbed carrier Fleetway Transport.
Another issue in the earlier trial: Did the driver blow his horn?
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A $1 billion warehouse and logistics port is planned for Laredo; RCR Taylor Logistics Park opens in Texas; Volkswagen ends Golf production in Mexico; and Red Sun Farms expands in Pharr.
The meth was found during a traffic stop involving a refrigerated tractor-trailer off Interstate 35 in Denton County, Texas.
An interview with flatbed carrier Daseke outlines the company’s operational focus and plan to get back to growth through acquisitions.
In today’s edition of The Daily Dash, global logistics operator DB Schenker eyes the U.S. market. Plus, U.S. Xpress’ CEO sees big things coming for its Variant division, and flatbed operator Daseke reports earnings and issues a mixed outlook for 2021.
General Motors is not the first automaker to commit to science-based carbon neutrality. Industry experts agree it will accelerate trucking electrification and the greening of the supply chain.
Trucking markets headed back in the right direction
A federal grand jury has indicted a former fleet manager of Builders FirstSource, a publicly traded construction products manufacturer, alleging Steven Duety used company credit cards to defraud his employer of $1.6 million.
The latest request from the congressional commission overseeing COVID-relief loans seeks pricing information from the Defense Department for all less-than-truckload shipments, including those performed by YRC Worldwide.
FreightWaves’ Global Supply Chain Week will feature media expert Gary Vaynerchuk, Tyson Foods’ John Tyson, and Johnson & Johnson’s Kathy Wengel among dozens of speakers scheduled to appear at the free virtual event, scheduled for Feb. 22 through March 3.
FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.
Slips, trips and falls can bring about lifelong injuries for truckers, but thankfully, they’re easily preventable. Reliance Partners’ Brian Runnels details basic safety tips around the truck and trailer.
Flatbed truckload company Daseke beats earnings per share estimates in the fourth quarter but revenue and operating ratios slide. 2021 guidance provides a bit of a mixed bag.
In today’s edition of The Daily Dash, Landstar sees a cooling freight market in the second half of 2021. Plus, the Biden administration may consider regulating driver detention, and Werner sells its freight forwarding business.
Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.
Six people, including the owners of two defunct trucking companies, face multiple charges after federal prosecutors claim they submitted fraudulent loan applications to obtain $1.5 million in funds through the […]
