Management from J.B. Hunt sees the current inventory replenishment cycle sustaining a high freight demand environment through the first quarter of 2021.
In today’s edition of The Daily Dash, some carriers believe a proposed rule that would allow hair testing could weaken the effectiveness of the Drug and Alcohol Clearinghouse. Plus, the U.S. Postal Service cuts a deal to ensure parcel delivery and Workhorse Group blames COVID-19 for not hitting production targets.
CEO Hindes to stay with combined company
Loadsmart has added less-than-truckload (LTL) and rail services as the digital freight brokerage continues to expand its multimodal offerings. The expansion, announced Tuesday, allows customers to book shipments across all […]
Developer’s scale designed to make life easier, less expensive for warehouse customers.
The official line on continuing negotiations is unchanged. But Nikola’s CEO refers to GM batteries and fuel cells for its trucks as alternatives.
Radiant Logistics uses cost savings to offset demand declines from COVID-19. The fiscal first quarter sees debt decline further as acquisitions remain on the table.
Trucking companies are among the major unsecured creditors owed money after Eagle Manufacturing Inc. of Red Lake, Minnesota, filed Chapter 11.
Electric delivery van maker Workhorse Group draws tough questions from analysts following battery supply issue and lack of deliveries to UPS.
Companies that got less than $150,000 would have their names publicly released; that had happened only for firms that borrowed in excess of that.
Schneider has added an app to its FreightPower tech solution, giving carriers the ability to book loads with a single click and shippers more tracking capabilities.
Self-driving vehicle company Nuro has raised a $500 million Series C round of funding, as autonomous delivery continues to pick up new markets. The raise, announced on Monday, was led […]
The United States is the largest steel importer in the world, buying $23.9 billion worth of raw steel in 2019.
Lawyer Keating hired a ‘runner’ who as it turned out was already involved in staging accidents with trucks; he then joined in on the planning, according to indictment
Industry speakers, technology demos and venture capitalists took center stage last week for FreightWaves’ FreightTech Venture Summit and LIVE @HOME events. Now you can catch sessions you may have missed or rewatch those that most interested you with a special rebroadcast of the events beginning Tuesday.
Workhorse Group said 36% of its production staff is sidelined by the COVID-19 virus or awaiting test results. The company ditched its projection of building 300-400 electric delivery vans by the end of the year and badly undershot Q3 sales and earnings projections.
Initiative designed to leverage USPS’ network to provide peak-season relief for desperate parcel shippers.
Garner Transportation Group president and CEO is the second woman to chair the American Trucking Associations.
Manufacturers take varied approaches to avoiding the chicken-and-egg conundrum of electric trucks. PACCAR is selling and financing them with leases for battery-powered trucks.
The incoming Biden administration is expected to increase regulatory oversight of electric and self-driving vehicles.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Record-breaking Mexican blockade costs $81M; A&R Logistics expands in Houston; Mexican export bank seals $600M loan; and TA Services acquires Top Gun Freight.
Amazon has ambitions to expand its air network internationally, and now has its own airport sort center in Europe.
Roehl Transport sees plaintiff attorneys “having a field day” with the current proposal.
Volkswagen AG’s truck holding company TRATON and Navistar International Corp. reached a definitive agreement on TRATON’s $3.7 billion buyout of the maker of International trucks and IC buses.
Liam Salmon, who is battling a rare pediatric brain tumor, had a simple request for his fifth birthday: mail. And boy, did he get his wish.
In today’s edition of The Daily Dash, Amazon once again reigns supreme atop the FreightTech 25 awards. Plus, SONAR gets a shipping-focused solution and complete coverage of Day 2 of FreightWaves’ LIVE @HOME virtual event.
Tender volumes climb to another all-time high.
XPO is `very comfortable with where we are’ heading into 2021, Jacobs says.
Ryder is a major seller of used trucks. So it was notable that in its quarterly earnings report, it said the amount of money it was getting from the sale […]
One of the toughest obstacles for a new trucking company can be finding affordable insurance. Robert Haley, VP of Transportation for USI Insurance Services, and Pierre Laguerre, founder and CEO of Fleeting, discuss tips on risk mitigation for new carriers at FreightWaves LIVE @HOME.
In this Fuller Speed Ahead episode for FreightWaves LIVE @HOME, Steve Hackney, head of solutions engineering at Front, talks about how technological tools to improve workflow can not only reduce cluttered in-boxes but establish more personal connections with prospective customers.
Drayage operator Best Transportation is willing to support FMCSA’s pilot project with an apprenticeship program.
After brief grooming as chief operating officer, the veteran Meritor operations leader will succeed president and CEO Jay Craig, who becomes executive chairman.
CTA and HTA launch persuasion campaign for relief, say their members got waivers from some carriers last spring
UPS International Sustainability Director Peter Harris talks e-bikes, smart grids and other innovations to manage congestion and reduce emissions in urban delivery.
A Canadian trucking and logistics company has put money down on 150 Tesla Electric Semis in what could be the biggest big rig order yet for the electric vehicle company.
Kenworth and Peterbilt climbed Pikes Peak with Class 8 electric trucks, then descended the 12-mile course of switchbacks and twisting turns to show the range-extending value of regenerative braking.
Hirschbach Motor Lines is hosting the unveiling of the newly wrapped Pride-themed Rainbow Rider on Saturday at the Hirschbach Orientation Building in East Dubuque, Illinois. The event is open to the public.
Ryder’s Dave Belter joined FreightWaves President George Abernathy Friday as part of FreightWaves LIVE @HOME to discuss an “Inside Look: The Freight Market During the Upcoming Holiday Season.”
Convoy’s Terrazas: Increases are less than what would be expected given strong market
FreightWaves CEO announces SONAR SCI at FW LIVE @Home. SCI stands for “supply chain intelligence.” Read how SONAR SCI can help your business.
Hwy Haul connects farmers, distributors, wholesalers and retailers directly with truckers.
Rail jobs resume downward slide after increase a month earlier
In today’s edition of The Daily Dash, Heartland Express is raising driver pay, plus J.B. Hunt details its technology transition and we have complete coverage of Day 1 of FreightWaves’ LIVE @HOME virtual event.
While some truckload carriers posted significantly better-than-expected results, most saw their shares sag as the bullish trucking trade cooled heading into the third-quarter earnings season.
FleetCor’s third-quarter revenue topped most Wall Street expectations for revenue at $580.8 million, while its earnings per share missed expectations by 46 cents.
Digital brokerage increased revenue, EBITDA
Digitalization is giving freight-industry participants the flexibility they need to deal with the COVID-heightened pace of change.
Echo exec Gustafson has praise for technological changes
Plus COO Shawn Kerrigan joined FreightWaves CEO Craig Fuller on a special episode of Fuller Speed Ahead Thursday as part of FreightWaves LIVE @HOME.
Volvo Trucks North America will begin building Class 8 VNR Electric day cab trucks in Virginia in December, continuing an industry surge in bringing battery-operated commercial vehicles to market.
Executives from Horizon Fitness, Estes Forwarding Worldwide and The DDC Group talk during FreightWaves LIVE @HOME about keeping up with the trend of online ordering and home delivery.
Runaway truck ramps are a trucker’s last resort. Reliance Partners’ Brian Runnels reminds truckers that the best way to tackle the downhill drive is through preventative maintenance, obeying road signage and simply taking things slow.
Keating, already sued as an organizer in a RICO suit, charged with 1 count by US attorney
Business “rebounded dramatically” in the quarter, Jacobs says.
Hyliion founder and CEO Thomas Healy make his case for why natural gas provides the best and cheapest way for the trucking industry to embrace electrification.
No more need to build information technology from the ground up when available cloud-based solutions can cheaply and efficiently modernize a trucker’s operation, experts tell the FreightWaves LIVE @HOME audience.
Wabash National saw a 37% surge in its backlog of trailers to build from the second to the third quarter as record orders piled in. Third-quarter margins declined but the trailer and last-mile equipment builder was profitable.
A comfortable merger still requires managing change and making parts fit as technology races ahead, says Trinity Logistics President Sarah Ruffcorn
ArcBest CEO Judy McReynolds talks about the company’s customer service model and how it has helped them thrive throughout the pandemic at FreightWaves LIVE @HOME on Thursday.
Leveraging more advanced data accuracy tools and processes, shippers and CPGs achieve a higher level of on-time performance by making more informed decisions in real time.
J.B. Hunt has been recognized for its five-year, $500 million technology investment, but how it got to that point is now equally well known.
In today’s edition of The Daily Dash, FreightWaves’ FreightTech Venture Summit looks at the intersection of venture capital and freight. Plus, COVID-19 is accelerating logistics investments and California is using technology to catch emissions cheaters.
Major companies in the transportation and logistics world have taken interest in Canada’s massive undertaking to distribute millions of COVID-19 vaccine doses.
The CEO and co-founder of cross-border digital freight marketplace Forager discusses the sometimes-tricky process of courting investors.
Sunnyvale, California-based Trimble Inc. is a provider of technology solutions for trucking companies, freight brokerages and third-party logistics providers.
Heartland Express raises driver pay 6% across the board and as high as 12% for some.
The need for industry knowledge and strong connections has become key to competing in the crowded logistics venture capital arena.
Research on dangerous goods transportation is still ongoing, the agency said. The announcement follows an audit published last month that suggested that Transport Canada failed to fully implement several safety recommendations.
The freight business is both complicated and asset-heavy. To be successful, tech startups need to know the freight business, its pain points and its limitations.
FreightWaves CEO and founder Craig Fuller hosted a Fuller Speed Ahead episode with Truckstop.com CEO Paris Cole and Phil Yates, founding partner at Bregal Sagemount.
Longtime MODE Transportation President and CEO Jim Damman is appointed chairman of the company.
Work Truck Solutions founder Kathryn Schifferle shared her journey navigating the venture capital world during the FreightTech Venture Summit.
FreightTech Venture Summit: Figuring out whether to go VC or “bootstrap” in an industry that is “serious” but with some tough issues to overcome
Shipwell CEO Greg Price explains during FreightTech Venture Summit the importance of winning over venture capitalists at the onset of presenting your idea.
Start small and simple, VC experts say.
TRUX, the leader in dump truck logistics technology, is the latest member of the Blockchain in Transport Alliance (BiTA). Read why.
Ike founder Alden Woodrow talks about the company’s unconventional approach to securing funding and bringing its product to market.
Steve Case helped build AOL. Now, as CEO of Revolution LLC, he works to help other entrepreneurs fund and grow their businesses.
FreightWaves today announced FreightWaves for Startups, a new initiative aimed at helping startup companies grow into successful organizations.
In today’s edition of The Daily Dash, YRC announces changes, tapping of loan agreement, plus Landstar’s CFO suddenly stepped down and FreightWaves gets ready to kick off the two-day LIVE @HOME virtual event.
Big win for ballot measure but it has no provisions that impact trucking
Preliminary Class 8 truck orders in North America reached a two-year high in October with more than 40,000 reservations.
Data mining and telematics are changing the way air quality regulators are enforcing trucking emissions regulations in California.
A survey of supply chain executives shows transportation capacity declines at a slower pace in October. The logistics industry continues to experience “rapid” growth.
CBP agents seized $60 million worth of meth in two separate incidents involving tractor-trailers at the border in Laredo, Texas.
Logistics provider ArcBest is experiencing some of the strongest tonnage trends in the company’s history. The year-over-year comparisons turned positive in August and have continued to climb.
Truckload carrier successful after receiving no action on first application filed in 2016.
Disruption, technology and keynote addresses from Shelley Simpson and John Roberts III of J.B. Hunt and Thomas Healy of Hyliion will highlight FreightWaves LIVE @HOME.
A half-dozen basic tips on what drayage truck drivers must consider when picking up a container chassis from a pool.
Expeditors sees drop in air, ocean moves but net income climbs
“Regional carriers often step in to fill those critical gaps,” said Elizabeth Elkins.
Landstar System announced that its CFO was stepping down immediately. President and CEO Jim Gattoni will act as the company’s CFO on an interim basis until a replacement is found.
Logistics provider ArcBest beats third-quarter expectations by 50%. Improved demand and cost management drive the result.
In today’s edition of The Daily Dash, the Transportation Intermediaries Association says a broker transparency rule would address a marketplace that no longer exists. Plus, federal regulators could be looking to the industry to help develop autonomous truck rules, and shippers are demanding more power-only options.
Logistics professionals said to expect U.S.-Mexico border capacity to be tight the rest of the year and into 2021.
YRC Worldwide announced several changes in its third-quarter report. The biggest was that the carrier has already accessed CARES Act relief money to replenish its fleet.
YRC Worldwide announced that it has accessed the first $75 million of the second tranche of the CARES Act loan it received in July. These funds are to be allocated for upgrades to the fleet.
Defunct Rhode Island trucking company was being investigated in connection with accident that killed one of its drivers
Daimler Truck and Volvo Group expect to hit the ground running in their fuel cell joint venture. Volvo is buying Daimler’s expertise and helping offset the development cost of the zero-emissions technology while the rivals will compete in producing hydrogen-powered trucks.
