Is the towing sector too risky to insure?
Reliance Partners’ Nicole Guinn details the towing industry’s challenges and the factors driving insurance rates.
Reliance Partners’ Nicole Guinn details the towing industry’s challenges and the factors driving insurance rates.
Shares of Daseke surge 20% as the company’s overhaul appears to be ahead of schedule. Second quarter results were better than expectations.
The program ends soon for new applicants, but those who have received money will need to go through the process to enable them to avoid paying the funds back.
Transporting oversize and overweight loads requires special permits, which vary by state and even county. Without the proper guidance to navigate the process, fleets could face large fines and even shutdowns.
Flatbed carrier Daseke’s turnaround starting to show fruits. Stock pops more than 15% on better-than-expected second quarter.
Ryder launches multimedia ad campaign to spotlight its supply chain capabilities.
Multipurpose marine terminal operator Enstructure says the purchase of Ambassador Services in Port Canaveral establishes its presence in U.S. Southeast.
Canadian truckers report being turned away by doctors, dentists and other health providers if they don’t self-isolate for 14 days over COVID-19 fears.
Sunnyvale, Calif.-based Trimble is a provider of technology solutions for trucking companies, private fleets, freight brokerage, and third-party logistics providers.
Werner seeing 10 times greater rate of positive tests using hair versus urinalysis.
FedEx Freight is expanding its freight distribution operation in Laredo, Texas, near the US-Mexico border.
YRC Worldwide expands regional next-day service throughout the South. The announcement follows similar expansion plans from competitors.
Despite economic uncertainty surrounding the coronavirus pandemic, freight demand drove July Class 8 orders to their highest levels in six months.
Flock Freight, which is building a shared truckload solution for LTL loads, has achieved B Corp certification for its sustainability efforts.
Daimler Trucks North America has named Rainer Müller-Finkeldei the new senior vice president of engineering and technology.
In the past decade, the number of cybersecurity events went up by over 700%.
Utilizing an open-platform approach allows technology developers to focus on core product development and provide quicker ROI to fleet customers.
Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.
TravelCenters of America has been forced to close some restaurants again as an increase in COVID-19 cases has tightened restrictions on dining out in some regions.
In today’s edition of The Daily Dash, YRC is looking at a large equipment buy, C.H. Robinson adds new shipping options to Freightquote and a turf haulers group finds out it doesn’t need to follow HOS.
Former Uber executive Anthony Levandowski was sentenced to 18 months in prison on Tuesday after pleading guilty in March to one count of stealing Google trade secrets.
More than a year from producing heavy-duty electric trucks, newly public Nikola reported an $86.6 million second-quarter operating loss.
Home Depot to add nearly 2 million square feet in areas south and east of Atlanta
The U.S. Federal Maritime Commission found during its Fact Finding 29 investigation that the Port of New York and New Jersey showed supply chain resolve during the coronavirus pandemic.
Industry has been working with FMCSA to ensure turfgrass was considered an ag commodity under federal rules.
Forager’s SCOUT platform helps shippers manage the volatility of cross-border freight imbalances.
Tonnage is down but overall revenue from its air freight activities boost revenues in that sector
C.H. Robinson has added new shipping tools to its Freightquote by C.H. Robinson platform, including the ability to hire a tasker through TaskRabbit.
Even as more states roll back their reopenings as COVID-19 continues to wreak havoc across the country, there is some evidence that the strong freight volumes seen in July are here to stay for a while.
With trade relations between the U.S. and China strained, the future of global supply chains could be Mexico.
YRC management believes it will take four to six quarters to complete $400 million worth of equipment replacement.
YRC Worldwide’s second-quarter loss came in ahead of expectations. The earnings call is likely to focus on the company’s path forward.
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
Old Dominion Freight Line says it has expanded its network of service centers by nine so far in 2020. The expansion will facilitate the carrier’s efforts to grow market share.
Truck drivers work around-the-clock to deliver essential medical supplies and food as coronavirus cases rose around the country, and it’s time to codify into law their essential status.
Video shot by another motorist shows the driver of a tractor trailer trying to wiggle the unidentified man off its hood as it sped down the highway.
LaQuenta Jacobs promoted to provide cultural leadership and strategic direction.
Startup electric truck maker Lordstown Motors will go public through a reverse merger, a popular tact to raise capital and speed public trading.
With possible permanent loss of some of its retail base, TFI will need to take steps that may include acquisitions, the company’s CEO said.
Mass adoption of electric vehicles will happen when they are comparable in cost and performance to internal combustion vehicles.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Concern for China’s supply dominance of rare earth metals; CEVA Logistics to operate a warehouse for IKEA in Mexico; Coca-Cola FEMSA acquires 45 Kenworth trucks; Nikola’s new factory to rely on cross-border supply chain.
U.K.-based Arkonik Ltd., which restores and improves vintage Land Rover Defenders, has a new facility near the Port of Charleston.
Acquisition for TFI is fourth in the last two months
In today’s edition of The Daily Dash, prosecutors are recommending jail for former Uber executive Anthony Levandowski, and how much did Amazon spend on logistics in the second quarter?
Carriers appear to be gaining momentum.
Freightliner’s test fleet of 30 electric trucks has circled the world an equivalent of a dozen times as they make drayage runs and a variety of deliveries in Southern California. Daimler Trucks North America plans regular production of electric trucks in 2022.
OOIDA warns suspending federal excise tax would hit Highway Trust Fund.
While revenue for Universal Logistics Holdings’ truckload, brokerage and intermodal segments all declined during the second quarter, the CEO said he was pleased with the “anticipated direction of our current operations.”
Numbers for the division were far worse than those of peers like Old Dominion and Saia; Deutsche Bank recommends breakup of the company
DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.
Forward Air lays out plans to expand its less-than-truckload footprint. More terminals are expected to open this year.
In conference call, CFO Satterfield discusses some flaws with other measures of LTL profitability
Phased reopenings around the world haven’t squelched demand for chartered services.
Federal prosecutors have recommended a 27-month prison sentence for Anthony Levandowski, the former head of Uber’s self-driving division, as well as three years of supervised release.
FHWA has awarded a contract for a platooning study, Schneider could be looking at an acquisition and UPS has an earnings surprise.
A small trucking company and a logistics firm filed for Chapter 7 bankruptcy protection in late July.
Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.
The important barometer is down about 10 percentage points on decline in XPO LTL revenue that outstripped cutbacks in expenses.
On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million.
Improving demand and truckload fundamentals are expected to drive third-quarter growth. The carrier’s growing cash balance garners some attention.
Whenever there’s a transaction in the supply chain, there’s an invoice. And a lot of those invoices get processed by US Bank, which has long had a large amount of […]
WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.
Project considered critical to developing federal safety standards and guidelines.
“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.
LTL carrier’s earnings per share beat Wall Street estimates even as revenue was mostly flat with consensus.
DHL located a new life sciences warehouse in Indianapolis because the city has many pharmaceutical companies in the area.
Dana followed other Tier 1 suppliers in reporting a big cash burn to offset second-quarter plant idlings. But the maker of driveline and electrification systems exited with solid reserves.
Brazilian startup aims to provide tools for freight forwarders to create and maintain partnerships.
In today’s edition of The Daily Dash, second-quarter earnings are coming fast and furious, and if you are looking to them for definitive answers on the economy, you might be disappointed. Plus, how hackable are ELDs and why is diesel engine maker Cummins so interested in hydrogen?
UPS’ quarterly results are much better than analysts anticipated.
A truck driver was awarded nearly $8 million in California after his leg was partially amputated following a forklift mishap.
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
Kentucky lumber processor filed for bankruptcy, leaving several flatbed carriers in the lurch for thousands in unpaid freight bills.
Law outlines penalties of up to $20,000 per day for noncompliance.
Accelerated depreciation of the value of its inventory has been a key financial undertaking this year, and is a topic of discussion on the company’s earnings call with analysts.
Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.
The export plant employs 2,000 workers and makes electronic parts used in vehicles manufactured by Chrysler, General Motors, Ford and others.
GlobalTranz is now offering a Final Mile solution for shippers looking to manage delivery of product to end customers.
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
Layoffs and salary cuts helped commercial vehicle driveline supplier Meritor ease the impact of the coronavirus pandemic. But sales, profits and cash took a big hit in fiscal Q3.
Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.
Saia Inc. has a market capitalization of $3.33 billion and has 169 trucking terminals in 44 states.
Net income was hit by an earlier writedown of its used vehicle values; company doesn’t see that market getting back to pre-pandemic levels until 2022
Trailer builder Wabash National kept the business impact of COVID-19 to a minimum in the second quarter. It even paid back money it borrowed and maintained its dividend.
FourKites has officially released its Dynamic Yard product, a combination of yard management tools acquired earlier this year with its own visibility platform, to provide shipment visibility from yard to end customer.
ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.
In today’s edition of The Daily Dash, opposition to the federal excise tax ramps up efforts to suspend the tax, CSCMP honors Matthew Waller and drivers sound off on their employers.
Trucking company cites benefits from new digital technology as key reason; gain in one key OR from the first quarter is 500 basis points
Most small-company truckers are equipped with ELDs despite exemptions.
NAST margins narrowed, but volumes held up relatively well.
No price was disclosed on the purchase of Ansonia by one of the credit industry’s leading firms.
Brian Aoaeh continues his commentary series on artificial intelligence and how it is changing supply chains.
Management from USA Truck provides upbeat commentary regarding the potential for significantly improved earnings as truckload fundamentals remain firm.
Large group of House Democrats support getting rid of the tax through 2021, but no public backers yet in the Republican Senate
Can anyone top Amazon when it comes to FreightTech innovation? Nominations for the annual FreightTech awards are now open.
Engine maker Cummins soundly beat estimates for earnings and sales in the second quarter because its plants in China worked overtime as the country rebounded from the coronavirus pandemic.
As Amazon tightens the rule for users of its fulfillment service, competitors are seeing an opportunity
In today’s edition of The Daily Dash, Roadrunner continues its revamp with the spinoff of its Ascent Global Logistics business. Plus, Hurricane Hanna leaves its mark on Texas, and e-commerce robots arrive.
Ohio Freightliner salesman John Lalonde was sentenced in federal court Monday. Investigators say he was able to undercut competitors by approximately $20,000 per customized expeditor truck by failing to pay the 12% federal excise tax.
Earnings per share exceed analyst forecasts