Waggon plans to add multiple new employees to its roster in 2024. Above all, it is important for these new hires to be curious and excited to learn.
At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.
Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.
A panel at a conference on private equity in transportation reviewed the reasons why Convoy collapsed.
Walter “Mitch” Mitchell, CEO of Tai Software, urges freight brokers to build their businesses in areas that benefit customers before deciding whether to buy or build a TMS platform.
GlobalTranz prefers the Supreme Court not review its appellate court victory in a case involving a fatal accident.
Every time data has to be copied or rekeyed, the process slows down the supply chain and increases the risk of introducing errors.
Broker Landstar System announced Monday after the market closed that its CEO Jim Gattoni will be stepping down early next year.
On a day-to-day basis, friction is characterized by manual processes, inefficient workflows and high volumes of human involvement.
XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry.
Cold storage and logistics provider Lineage Logistics is working on an initial public offering that will value the company at more than $30 billion, Bloomberg reported Tuesday.
Lineage is bolstering its Canadian cold chain logistics network with the expansion of a facility in Calgary.
A request for the Supreme Court to review a lower-court ruling could bring clarity to conflicting decisions across multiple courts about broker liability.
A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S.
TRAUXIT is on a mission to modernize the trucking industry by introducing a technological offering that creates a win-win situation for carriers and shippers alike.
Carter Andrus has been named COO at Prologis, effective Jan. 1. Current COO Gary Anderson will become senior adviser and retire on June 30.
Coyote Logistics won a legal battle over liability, but the victory may have repercussions beyond this particular case.
The pandemic hype about $4-per-mile truck rates lasting forever crashed to earth in the past year, leaving disillusioned small carriers looking to get out.
More than a dozen logistics firms have been recognized among North America’s fastest-growing companies.
A fireside chat about Convoy’s demise and impact helped kick off FreightWaves’ three-day F3: Future of Freight Festival in Chattanooga, Tennessee.
FreightWaves’ Innovation Alley at the Future of Freight Festival featured a demo by customer support automation platform Kodif.
Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.
EFW said Monday it has closed on the acquisition of Superior Brokerage Services, which doubles its revenue and warehousing capacity.
A white paper by factoring company OTR Solutions highlights risks it sees from the combination of 3PL bankruptcies and asset-based lending.
Approximately 65 employees for Pittsburgh-based Elite Transit Solutions were laid off via Microsoft Teams on Friday. This is the second round of job cuts the freight brokerage has experienced over the past month; about 20 employees were let go on Oct. 20 because of the “current economic situation,” according to sources familiar with the layoffs.
By providing door-to-door visibility capabilities — and paving the way for stronger connections between industry players — project44 can help shippers and logistics service providers more from reactive to proactive.
Online sales are expected to grow between 7% and 9% over 2022 levels, the National Retail Federation says.
Logixboard’s best-in-class customer experience allows freight forwarders and logistics service providers to tie their internal systems into a single easy-to-navigate platform.
3PL C.H. Robinson had a weak third quarter, as expected, but the late trading in its stock liked what it heard.
As large e-commerce businesses have raised consumer expectations, midsize and smaller logistics companies must keep up and provide the same on-time delivery, visibility and experience. When something goes wrong — and it often does — they must figure out how to adjust quickly by leveraging data from their supply chain.
FreightWaves’ F3: Future of Freight Festival is next week. Here are some of the companies that will be coming.
Tough freight market hits Echo’s debt ratings, down a notch at S&P.
Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.
TFI’s overall third-quarter results reflect a weak macro environment.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.
Soy Transportation Coalition director says farmers diverting product from weak export market.
Prospective acquirers are looking at Convoy’s platform and engineering and product teams.
Digital brokerage Convoy is closing, with no buyer coming in to rescue its operations.
Digital brokerage Convoy has canceled all shipments and shut its load board, with an announcement of its future upcoming.
Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.
The logistics industry is collaborative by nature, and project44 regularly embraces partnerships to create and improve data-driven solutions for their customers. Over the past few years, Google Cloud has become one of the company’s most impactful partners.
Owner-operators say Titan Transportation Services Inc., doing business as Sunset Logistics, still hasn’t refunded their $1,000 in escrow or maintenance account funds that were withheld from their paychecks after the Grand Rapids, Michigan-based company abruptly ceased operations on Sept. 29.
India’s population — and its designation as the most populous country in the world — is one of its biggest advantages. The sheer number of people in India contribute to both the nation’s plentiful workforce and its huge consumer market.
Supply chain software provider e2open has parted ways with its CEO while the CCO has laid out problems with its sales operations.
Uber Freight has rolled out new technology solutions for its TMS, procurement and use of generative AI.
A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week.
Estes Express has opened up a web portal to communicate with customers amid a cyberattack on the LTL carrier.
Radiant Logistics has acquired a Florida-based logistics partner that provides forwarding services to the cruise lines.
Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.
A September supply chain survey suggests the freight industry is coming out of a recession.
The sale of BNSF Logistics’ brokerage unit to J.B. Hunt will likely involve layoffs of an unspecified number of employees, parent company BNSF confirmed Friday.
In light of today’s soft economic conditions and high inflation rates, companies should have plans in place for providing standout service without blowing their own budgets going into peak season.
While volatile markets are inherently difficult to navigate, they also provide an opportunity for enhanced relationship building between shippers and their transportation partners.
Warehouse Services Inc. said Thursday it has acquired Sky Transportation Services, a dry van fleet specializing in cross-border shipments.
A broker that hired a carrier whose truck struck a teenager is not liable, according to an Illinois appellate court.
FLS Transportation builds out a North American footprint with the acquisition of AMAC Logistics.
Supply chains are one crisis away from seizing up again, say the CEOs of Prologis and Home Depot.
Seattle-based logistics provider Flexe has laid off a third of its workforce.
Brokers know that cash flow is one of the most critical aspects of their companies’ success — or failure. Despite this, the primary focus of popular industry technologies lies in freight delivery, not necessarily extending to proof of delivery or payment collection.
By employing the China Plus One strategy, companies can hedge against the headwinds they are facing in China while still benefiting from the country’s wealth of resources and well-established supply chain processes.
There’s been a changing of the guard at Coyote Logistics, with a new CEO as Jonathan Sisler looks for “new opportunities.”
Two debt rating agencies, Fitch and S&P, rated Forward Air’s newly issued debt from its Omni deal and were mostly positive.
With this rise of AI, we take a look at how it can be used by the logistics industry.
J.B. Hunt Transport Services said Thursday after the market closed it has entered an agreement to acquire the brokerage arm of BNSF Logistics.
Radiant Logistics is looking to deploy its unleveraged balance sheet on M&A.
Estes Forwarding Worldwide announced plans to acquire fellow forwarder Superior Brokerage Services.
C.H. Robinson CEO Dave Bozeman focused on process and costs when meeting with analysts at the TD Cowen conference Thursday.
The NRF has bought a leading trade group to expand its sustainability solutions for members.
Freight markets showed some signs of exiting a recession in August.
Barge rates on the Mississippi in St. Louis, a key port, have risen sharply due to low water levels on the river.
Despite the growing importance of interoperability in supply chains, there are more technology companies marketing closed platforms than ever before.
LiveQuote allows brokers to send their shippers automated quotes tailored to each company’s expectations, capacity and requirements.
The scarred areas of Maui remain an active incident area, ALAN’s Kathy Fulton says.
Reliance Partners’ Borderless Coverage program provides shippers and logistics service providers of all sizes with coverage from the moment of pickup in the U.S. to final delivery in Mexico.
Third-party logistics provider GXO received two solid analyses this week from the debt and equity side of the ledger.
As the market continues to challenge brokers and carriers alike, freight agents need an organization to call home that allows them to advance their business. TAB provides that – — as evidenced by its 40% year-over-year growth for the past seven years that continues today.
Tai has been working on email improvements utilizing AI and machine learning for over three years now. . Most recently, the company introduced a new email feature – helping brokers write emails.
For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.
Two former Yellow Logistics employees have opened a new brokerage office at Radiant Logistics.
Walmart posted revenue gains of 5.7% in its fiscal 2024 second quarter, paced by a 6.4% gain in U.S. same-store sales.
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.
The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.
GXO Logistics is one of few companies to better its 2023 estimates and raise its guidance.
New C.H. Robinson CEO Dave Bozeman waxed philosophical on his first earnings call with analysts.
GXO’s full-year EPS guidance was raised by 5 cents, while adjusted EBITDA was increased by $10 million.
Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.
Uber Freight’s negative EBITDA was improved from the first quarter, but revenue has declined steadily for more than a year.
When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.
Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.
Odyssey Logistics got an increase in its outlook from Moody’s, a change from earlier ratings agency actions on 3PLs.
The mobile vehicle maintenance service Torque by Ryder is now available in seven states.
Earnings at supply chain software provider E2open were a mixed bag, better than a year ago but weaker sequentially.
The Logistics Managers’ Index registered another all-time low in June as inventories throughout the supply chain continued to contract.
3PL RXO has had its outlook dropped to stable by S&P, but its debt rating held steady.
These new API offers from p44 represent the next step in supply chain connectivity, paving the way to a more transparent and collaborative future.
By making integrations accessible and affordable, Bitfreighter enables brokers to enter into the once-dreaded “EDI conversation” with shippers on the front end, using connectivity as a selling point.
More than 60 small trucking companies are collectively owed millions of dollars after a Mississippi-based logistics firm folds, files for bankruptcy liquidation.
AI is helping the logistics industry solve a massive coordination problem to establish transportation reliability and save shippers, carriers, and brokers a serious amount of time and money.
Logistics warehouse owner Prologis announced Monday the $3.1 billion acquisition of an industrial real estate portfolio owned by Blackstone.
