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In this issue of the WTT newsletter: C.H. Robinsons latest layoffs; freight community offers roles for displaced CHRW workers; Truckersgiving comes to Love’s; more
Brokerage giant C.H. Robinson will focus its head-count reductions on upper- to mid-level management, sources say.
Forwarding income from operations was nearly cut in half and truckload prices to customers fell by double digits year over year.
ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.
The ABF subsidiary ArcBest began hiring days last year to help aid in recruitment; FreightWaves was invited to one.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
A longtime trucking executive says the Supreme Court’s decision not to review a C.H. Robinson case could transform trucking.
Las opiniones expresadas aquí son únicamente las del autor y no representan necesariamente las opiniones de FreightWaves o sus afiliados. No descuide este caso de negligencia. Recientemente, ha habido muchas […]
ArcBest reported better-than-expected results again during the second quarter.
Robinson’s NAST revenue rises despite LTL volume declines and modest TL growth.
El beneficio por acción del 3PL aumentó un 85,4% interanual hasta los 2,67 dólares
Battling for loads in the declining spot market is exhausting for drivers who lack relationships and connectedness to customers.
DSV has been reported to be interested in acquiring C.H. Robinson’s global forwarding unit for as much as $9 billion.
A couple of less-than-truckload carriers reported positive demand trends for the first two months of the second quarter.
“As a $4 billion industry leader, we have a great responsibility to pursue activities and initiatives that improve the sustainability of our operations, provide an inclusive workplace for all and give back to the communities where we operate.”
A case involving C.H. Robinson before the U.S. Supreme Court got the same recommendation from the solicitor general as the better-known AB5 lawsuit in California.
Freight brokerage firm C.H. Robinson had its debt rating affirmed by Moody’s, with the agency seeing “disciplined” finances at the 3PL.
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.
Robinson’s global forwarding network, years in the making, is having its moment in the sun.
El aumento de los fletes en todos los modos ayuda a los 3PL a destrozar las expectativas de beneficios
FreightWaves’ Mary O’Connell and ArcBest’s Steven Leonard sit down to cover all things LTL and how to avoid unnecessary charges
ArcBest reported Friday that the favorable revenue trends logged in the fourth quarter have continued through the first two months of the first quarter.
Management from cold storage warehouse operator Americold addresses concerns about decelerating trends and a soft 2022 outlook.
Waymo Via and C.H. Robinson are the latest dance partners seeking to choreograph autonomous trucking.
El crecimiento de las ganancias provino de Global Forwarding
Despite strong revenue growth, freight broker productivity fell sharply.
El posponer el lanzamiento de Project Infinity se debe a fallos informáticos; los representantes de las compañías desconfían de la eliminación del elemento humano
Computer glitches are being blamed for the delay of the Project Infinity rollout that some fear could break up long-standing relationships with carriers.
ArcBest raised long-term expectations Tuesday in conjunction with its fourth-quarter results, which were better than expected. The company now eyes doubling its size by 2025.
ArcBest on Tuesday reported fourth-quarter results, which once again outpaced analysts’ expectations.
Leading Phantom Auto’s series B funding round nets seat on board
ArcBest announced a $25 million investment in a software company that provides remote operation of forklifts and trucks.
Boehler is terminated without cause; George Chappelle is named interim CEO.
El alto ejecutivo ha sido despedido sin motivo después de
casi 6 años al frente del gigante del almacenamiento en frío
ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.
ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.
ArcBest announced Monday that it has closed on the previously announced acquisition of Chicago-based truckload brokerage MoLo Solutions.
Biesterfeld expects the capacity-constrained environment to continue.
SPS Commerce is collaborating with C.H. Robinson to open up new LTL capacity to retailers in need of space to move goods this holiday season.
ArcBest’s acquisition of truckload broker MoLo Solutions accompanies an announcement of strong third-quarter results for its LTL segment.
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
Since we compete, as a policy, we no longer cover anything (good or bad) about DAT. They only get a passing comment if they are involved in an external news item where they are not directly related.
ArcBest said Wednesday an August tonnage decline in its asset-based segment was done intentionally so that it could better service its core less-than-truckload customers.
C.H. Robinson announces a drayage surcharge at most of the nation’s biggest container ports as international drayage carriers have implemented congestion fees.
Temperature-controlled warehouse operator Americold pulled in its 2021 outlook, citing labor-related food manufacturing limitations within its customer base.
The company’s earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020’s second quarter.
Robinson CEO Bob Biesterfeld said the truckload market will stay hot through 2021.
Navigating the logistics of time-sensitive, specialized renewable energy projects is no walk in the park when capacity constraints and port congestion are at play.
The broker seeks relief in a preemption battle by casting the 9th U.S. Circuit Court of Appeals in a rogue light.
Danny Loe makes a return appearance on Point of Sale with Andrew Cox to talk about the current freight market.
Cold storage facility operator Americold said food manufacturers are “failing to meet the needs of retailers” as COVID-related production shutdowns have drawn down food stocks. The impacts from lower inventories and throughput were seen in the company’s first-quarter report.
ArcBest points to the current “robust demand” environment as supportive of raising equipment spending in 2022.
Logistics provider ArcBest Corp. posted first-quarter results well ahead of analysts’ expectations Tuesday.
Robinson highlighted improving productivity metrics.
Logistics provider ArcBest Corp. reported that the positive trends in its asset-based segment during January were derailed by poor weather in February. Overall, less-than-truckload fundamentals “remain generally positive,” according to one analyst.
Cold storage operator Americold saw occupancy dip year-over-year during the fourth quarter as food manufacturers struggled to keep proteins in stock.
A Canadian National freight train derailed at an intersection with a West Chicago commuter line. Service remained disrupted early Monday afternoon.
Dooner and The Dude learn how ArcBest has adapted during the pandemic to help deliver supplies in this session of FreightWaves’ Health & Pharma Supply Chain Summit.
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.
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%.
Net income rebounded 49.1% year-over-year from one of the 3PL’s worst quarters.
Also on the podcast: The 10-week run of higher DOE diesel prices and whether they’ll continue
A new pairing between C.H. Robinson and SAS has no clear precedent as the large 3PL and a source of massive amounts of data on retail movements get together in a new initiative.
Americold announced that it has closed on a 46-facility deal valued at $1.74 billion.
Many companies may have been paying tariffs on imports from China they were not required to pay. C.H. Robinson is trying to help businesses identify what they may be owed ahead of a Dec. 31 deadline to apply for reimbursement.
Americold announces another large acquisition, a couple of expansion projects, and informs analysts and investors that the holidays haven’t been canceled.
Cold storage operator Americold expands its portfolio again, this time in a $1.74 billion bid for the world’s fourth-largest provider. Americold plans to offer 33 million common shares in total to facilitate the deal.
The California Trucking Association is using the decision to support its AB5 appeal.
Cold chain facility operator Americold Realty Trust adds three facilities to the network in a pair of transactions.
Cold storage facility operator Americold Realty Trust’s second quarter was slightly below expectations on choppy demand and increased COVID costs.
Cold storage facility operator Americold announces plans to resume facility expansion project in New Zealand.
Americold Realty Trust will partner with grocery retailer to provide 500,000 square feet of frozen storage space in two new facilities.
Food supply chain warehouse operator Americold Realty Trust beats first-quarter forecasts, reiterates guidance and shakes off meat shortage concerns.
The effect that the coronavirus pandemic is having on rail volumes could get worse in the coming weeks before things get better, according to executives.
The railway managed to boost its first-quarter net income despite the February rail blockades and the COVID-19 pandemic.
The Canadian railways will have the network capacity to accommodate any sudden surges in demand once the coronavirus pandemic subsides, their executives said.
Americold Realty Trust plans to keep all 183 cold storage facilities “open for business.”
The three Class I railroads have set or will set targets as part of their involvement in a global initiative.
With the possibility of rail blockades fading, the railway is seeking to ramp up its eastern operations again after it had shut them down for roughly two weeks because of protests.
Authorities have cleared a key route between Toronto and Montreal after protesters blocked the rail route for over two weeks.
Ontario Provincial Police move to end blockades on a key stretch of CN’s rail network linking Toronto and Montreal after more than two weeks of protests that have disrupted Canada’s supply chain.
Americold sees “lots of occupancy opportunities” for cold storage moving forward.
Demonstrators say their actions, which have blocked rail lines and access to several Canadian ports, are in support of a First Nations group’s concerns over a proposed pipeline.
Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
The railway will work with NorFalco Sales, a division of Glencore Canada, to handle sulfuric acid volumes at facilities in Ontario and Quebec.
Saia’s CFO leaves after just 8 months to return to reefer warehousing firm Americold
Canadian National reports operations have returned to “normalized” levels after an eight-day work stoppage.
Canadian National’s grain shipments gain momentum with eight-day strike in the rearview.
Teck Resources opts not to renew 10-year deal for the transport of metallurgical coal.
CNl estimates eight-day disruption will trim C$0.15 per share from profits as CEO assures that recovery plan is “delivering results.”
CN CEO said railway is focusing on safety as it resumes normal operations after eight-day strike that rippled across Canada’s rail supply chain.
The implementation of Positive Train Control is the largest technology program deployed in CN history and they are already ahead of the game
Normal rail service to resume on Nov. 27, ending a week-long strike that has shaken Canada’s supply chain.
Americold Realty Trust continues to grow its temperature-controlled storage footprint through acquisition. The company looked north of the border for its latest deal.
The strike, coupled with and trade uncertainty, could hit businesses hard, groups say.
The railway is confident that the momentum to deploy technology initiatives will continue.
Today on What The Truck?!?, we’re talking the Canadian National strike, UPS third-party edict, trailers hit a high, fake championship rings and more.
Talks have been ongoing for seven months. Staffing levels appear to be a key issue.
