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
Early units of new Mack MD Series medium-duty trucks are coming together in a former comic book publishing factory near Roanoke, Virginia.
Waymo’s safety team highlights the importance of human factor in building and deploying self-driving vehicles on public roads.
USA Truck’s second-quarter result comes in slightly ahead of expectations, but the carrier extends its losses to four consecutive quarters.
Matthew Waller launched the supply chain department at the Sam Walton College of Business and has been instrumental in helping some of the nation’s largest corporations improve their supply chains. Now he is being honored for those accomplishments and more.
“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.
Truck drivers still gripe about long detention times, equipment and adapting to new technology. But they speak positively about communication from their companies during the COVID-19 pandemic.
Hurricane Hanna’s aftermath has temporarily halted freight movement on several routes in and out of Texas’ Rio Grande Valley.
Pilot Co. is joining a growing list of major truck stop chains, including Love’s Travel Stops and TravelCenters of America, that will start requiring all customers to wear face coverings this week to help curb the spread of COVID-19.
Roadrunner Transportation Systems to spin off global logistics segment, emerging debt-free in the process.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truck capacity tight near Mexican border; drugs found in shipments of ketchup and onions; DHL opens new foreign trade zone in El Paso; and Commerce opens inquiry aimed at Mexican wire mesh.
First Atlantic hurricane of the 2020 season could cause substantial flooding to south Texas and northeastern Mexico this weekend, delaying freight traffic at ports and land border crossings.
Company launches an online training platform called MyTruckerLife to help provide relationship resources for professional truck drivers and their families.
While the storm is expected to weaken as it passes over the islands, Young Brothers pulls its interisland barges into calmer waters for the weekend.
In today’s edition of The Daily Dash, drug test refusals could serve as the trigger to accept hair testing; introducing a solar-powered reefer trailer; and carriers have negotiating power.
Backdrop for carriers remains bright.
More layoffs in Texas aerospace and freight services companies as coronavirus case numbers climb
Amazon Scout, the e-giant’s electric autonomous delivery robots, will now be delivering packages to neighborhoods in Atlanta as well as Franklin, Tennessee.
TQL headquarters remains open despite multiple employees testing positive for COVID-19 in the past three weeks.
U.S. border officers seized more than $6 million worth of marijuana after inspecting a Canadian truck at the Peace Bridge in Buffalo, New York.
Following Love’s Travel Centers’ edict requiring face coverings at its truck stops, NATSO and the American Trucking Associations followed suit.
Carriers urged to verify security safeguards from suppliers before installing devices.
Parts of Texas could get drenched with 4 to 8 inches of rain from a tropical storm expected to make landfall on Saturday.
Wabash National says using the sun to power batteries on a refrigerated trailer could save 50% over the cost of diesel power with none of the emissions.
Deal brings PS just over 40 new power units
Enterprises sometimes adopt several different SaaS products, only to end up with processes without cross-functionalities due to lack of integration.
The analytics function of this software can ultimately save fleets money, but it will be a team effort.
In today’s edition of The Daily Dash, fleets looking for excess insurance coverage are paying top dollar; Landstar projects a strong Q3; and Waymo will test autonomous vehicles in the last mile.
Nearly 45,000 drivers predicted to be shut out in 2020 due to drugs and alcohol.
Company raises guidance for the rest of the year.
Market share grew at Daimler Trucks North America and PACCAR even as Q2 sales sank under the weight of the COVID-19 pandemic.
Amazon cargo planes will make daily deliveries to and from the company’s newest airport in Lakeland, Florida.
P.A.M. Transportation points to automotive manufacturing closures as reason for second-quarter loss.
Fully driverless vehicles will take at least a decade to deploy over large areas, and adoption will occur at different rates across the country, according to an MIT brief.
Two recently released indices show that June continued the trucking market’s climb from its low levels of April.
Using a third-party administrator is touted as a way to ward off big verdicts against trucking firms.
“Nuclear verdicts are destroying the excess market. Until someone puts a leash on these lawsuits, I don’t see prices going down that’s for sure,” said Reliance Partner’s Joe Schreiner.
Landstar’s earnings call outlines the company’s better-than-expected guidance.
Before mass-producing electric trucks in Arizona, Nikola plans hand-built models in a pilot facility that will speed sales while phased construction of its $600 million plant proceeds.
Cautious optimism expressed for the June trucking market by analysts at both organizations
In today’s edition of The Daily Dash, autonomous-truck startup TuSimple may not be meeting revenue projections, Knight-Swift reports strong Q2 earnings, and a driver misclassification suit against New Prime reaches a $28 million conclusion.
Although the driver only worked in Massachusetts, he’s an interstate commerce worker. That changes the rules for settling disputes with the retail giant.
Canadian trucking and logistics firm Mullen Group reports a large drop in profits in its second-quarter financial results. But the company is positioning itself for recovery as business activity comes back.
Tesla will build its newest Gigafactory near Austin, Texas, chief executive Elon Musk announced during the company’s earnings call on Wednesday.
Virginia recently became the first state to impose enforceable COVID-19 safety requirements in the workplace which has the trucking industry scrambling to figure out how the new law will affect drivers and operations.
Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.
Jerry L. Steele, 53, of Indianapolis, faces charges for possession of stolen property and intimidation with a deadly weapon after allegedly firing a gunshot out of his car’s window after cutting in front of a truck driver in an apparent road rage incident.
Brian Aoaeh continues a series of commentaries on technology-driven innovations in supply chains, logistics and trucking.
Amazon will offer a minimum starting wage of $15 per hour in El Paso
TuSimple may be the country’s largest self-driving truck company, but according to a Wednesday report in the Information, the company is struggling financially.
Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.
The debate sees Craig Fuller take on Zach Strickland over the possibility of a market recession due to the unprecedented scenario that we witness today.
Unisot has created a blockchain-based platform that helps bring end-to-end transparency in seafood supply chains.
PACCAR won’t rush in bringing battery-electric trucks to market, saying it will have them when customers ask. But it contends hydrogen fuel cells are five to 10 years away.
Workers to be covered stretch back to second half of 2012 through this year
Volvo Cars is facing supply chain issues from factories in Mexico, according to CEO Hakan Samuelsson. Samuelsson said supplier issues in Mexico and lower demand for its S60 sedans were […]
Knight-Swift posts solid second quarter and reinstates full-year guidance to a level higher than before the outbreak.
Roger provides digital tools for bulk freight shippers and carriers that reduce paperwork, and accelerate payment and real-time shipment status.
Open-platform technologies are allowing innovative trucking fleets to create custom technology solutions that increase driver productivity and improve customer service.
In today’s edition of The Daily Dash, FreightWaves introduces enhancements to SONAR; XPO’s Brad Jacobs discusses diversity, automation and more; and Schneider invests in a new tech platform.
