Logistics

Food brands are cooling it on price hikes. That means trucking companies will have more grocery volume to move.

About $2.3 trillion was spent to keep the nation’s logistics system operating in 2022, according to the 34th State of Logistics Report.

Conceding digital brokerage got a “bad name” early on, Uber Freight’s Souder looks to add human element to the experience.

Broker RXO said it was continuing to execute on longer-term goals even as the freight market awaits the next catalyst.

C.H. Robinson avoided a debt downgrade at S&P but the outlook was changed to negative, mostly on the size of its share buybacks.

GXO is starting its multiyear German expansion plan through the use of warehouse in Dormagen.

Sticking to earlier forecasts, RXO’s chief strategy officer sees the 3PL’s market share growing and increased volume year on year.

David Bozeman may have a ways to go to get comfortable at C.H. Robinson, but he has been around the block.

Digital-oriented freight forwarder Flexport has completed its acquisition of the logistics arm of Shopify Inc., one month after it announced its plans. The deal includes Deliverr, the tech-enabled shipping services […]

STG Logistics’ acquisition of Best Dedicated Solutions will add expedited, dry van, temperature-controlled and flatbed OTR transportation to STG’s existing services.

Freight Ninja is positioning itself as an industry leader in combating the truck parking shortage across the United States.

Gartner’s Magic Quadrant stands out as one of the clearest – and most trusted – ways to evaluate the most popular real-time visibility options.

Freight broker Landstar cut its second-quarter revenue and earnings guidance as volumes and revenue per load were worse than expected halfway through the period.

Forwarder Worldwide Logistics Group announced it has acquired customs brokerage P. W. Bellingall.

As the popularity of online shopping increases, so do consumer expectations around shipment visibility and on-time delivery. This can lead to challenges for many retailers, especially when relying on generic carrier tracking solutions.

The more volatile and opaque market conditions become, the more opportunities scammers have to take advantage of unsuspecting companies. This is especially true when it comes to double brokering. 

An annual survey from Descartes shows how brokers and forwarders are adjusting to the downside of the cycle.

ChatGPT and other advanced AI tools are looking to find homes in supply chain software and in some cases already have.

Radiant Logistics said it will continue to use free cash flow and potentially debt to fund share repurchases and acquisitions.

In the fast-paced world of freight transportation, a carrier’s success is determined by its ability to deliver goods damage-free and on-time. But it all starts and ends with the people behind the scenes who make it all happen.

EY Americas’ Sumit Dutta says there’s a realization among companies that a broken or inefficient supply chain is going to crimp growth.

Supply chain employees are “checked out, challenged and choosing to ‘quiet quit,’” according to Gartner’s Caroline Chumakov.

Former Slync CEO Chris Kirchner has been indicted on federal charges that he defrauded investors out of at least $25 million from the FreightTech startup he helped launch.

Privately held logistics provider Flexport is acquiring the logistics assets of Shopify to provide complete order management and final-mile delivery services for customers.

Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.

Supply chain software provider e2open gave a bleak outlook in its earnings. Its stock took a pounding in response.

Uber Freight suffered along with the general freight market downturn and saw its first-quarter EBITDA sink yet again.

Ryder’s brokerage segment has rolled out a new loyalty program that gives its most active carriers reductions on the price of used vehicles.

The recent explosion of freight technologies has benefited companies of all shapes and sizes, but these solutions have had an outsized effect on small and mid-sized operations. 

Generative AI is capable of overhauling the day-to-day realities of the supply chain industry by automating human-intensive processes and creating a pathway for fast-paced innovation.

C.H. Robinson had a weak first quarter, as expected, and a new CEO should be in place by the end of the quarter, according to management.

While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.

The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.

Shippers are in a strong market position. At TIA, they talked about what they want from the brokers who serve them.

The potential widening of broker liability in the Miller case against C.H. Robinson is creating fears among 3PLs, but attorneys see a potential reversal.

Localz offers a differentiated platform, logistics IT firm Descartes says.

Link Logistics’ customers will be able to do a better job of managing energy consumption under a collaboration with Carrier Global Corp., the companies said.

A case involving the theft of expensive freight may have led to a legal precedent benefiting brokerage liability.

At its core, Bitfreighter is an integration enablement platform. The company’s driving principle is to make integrations affordable and accessible by stepping away from the transactional pricing model and offering unlimited everything.

FedEx celebrates its golden anniversary of operations with its most intense few years in decades ahead of it.

Young’ Ed Burns has succeeded his father as CEO at Burns Logistics as the elder becomes chief relationship officer.

Most sectors, especially retail, are experiencing weakened demand and falling volumes. This is not the case for the automotive industry.

Most of the time, March brings some reprieve from the post-holiday demand slump. This year, consumers appear to be less apt to resume their normal spending habits.

Radiant Logistics said Monday it has completed a financial restatement process that resulted in very minor changes.

MHI-Deloitte report says tech investments will be pivotal in building agile organizations, attracting qualified talent

Some 455 truck drivers who worked under the banner of Flagship Transport haven’t heard from their employer in a week.

The Ultra5 machine has a right-sized design that eliminates the need for corrugated boxes, according to Packsize.

FLS Transport Services offers a free KPI scorecard to shippers.

The DHL Global Connectedness Index released Wednesday also sheds light on the future expansion of regional trade, saying more than half takes place within regionalized distances already.

Estes Forwarding Worldwide announced it has acquired trade show logistics provider Legacy Logistics.

German giant Deutsche Post DHL posted outsized gains in full-year operating income and said that performance will not repeat in 2023.

Ceva Logistics is purging 142 jobs at two of its facilities in Mt. Juliet, Tennessee, effective April 22.

Ryder has sold its Miami headquarters campus to real estate firm Bridge Industrial for $42.1 million.

Transportation and logistics provider Sage Logistics Holdings said it has entered an agreement to acquire Byland Transportation.

Companies across the supply chain have been inundated with new technologies and solutions over the past several years. As a result, many leaders are underutilizing their recently adopted tools, leaving money and efficiencies on the table.

Logistics company Truckstop.com has verified it is laying off an unspecified amount of workers.

Freight broker Transfix announced its chief technology officer has been appointed CEO effective immediately.

Japanese air and ocean forwarder Yusen Logistics said it has increased its U.S. contract logistics offering with the acquisition of Taylored Services.

In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.

In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.

The company reports it experienced better-than-expected sales volumes in the fiscal 2022 fourth quarter.

Last year’s peak retail season stands apart from previous years in that there wasn’t much of a “peak” at all.

Shippers and carriers alike have been forced to deal with the financial fallout of a global pandemic, war, rising fuel costs and the looming threat of an economic recession.

Port expert Walter Kemmsies discussed the distortions in trade and demand for goods and services created by the pandemic during FreightWaves’ Global Supply Chain Week.

Expeditors suffered a significant decline in fourth-quarter earnings as the air and ocean freight markets dropped sharply.

Radiant Logistics pushed back financial filings once again as it works to correct inaccurate timing of revenue and expenses in prior periods.

Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.

A golfer named Ryder is going to lead marketing for Ryder, and it all started with a memorable shot at a place like no other in golf.

A monthly survey of supply chain executives released Tuesday revealed signals that transportation markets could be poised for a recovery.

Ongoing education — from short training to complete degree programs — is one of the best ways to keep employees from feeling stagnant. Companies that offer access to those opportunities will have an edge when recruiting and retaining today’s future-minded workers.

Jones Logistics said Thursday it has acquired dedicated carrier Nationwide Express.

The day after C.H. Robinson announced disappointing fourth-quarter earnings, the analyst community showed little optimism for the 3PL leader’s near-term future.

Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.

Interim CEO Anderson says cost savings target is $150 million by the end of the year; Global Forwarding drags down Q4 earnings.

FitzMark announced Wednesday it has completed its seventh acquisition in the last four years.

The world’s first allogeneic T-cell therapy — a type of universal immunotherapy treatment that relies on donor blood — was approved in Europe earlier this month. This is a game changer for medicine. It is also a game changer for the logistics industry.

The California Trucking Association is making its pitch for another injunction to keep AB5 out of the state’s trucking sector.

E2open, a publicly traded supply chain software provider, reveals earnings that provide a look into the state of the industry.

NOVA Infrastructure has announced it added another port drayage provider serving the Port of Charleston to its portfolio.

Transportation prices fell at the fastest pace on record, according to the December Logistics Managers’ Index.

Demand for 3PL services to handle last-mile shipments of heavy goods will grow by double digits annually through 2025, according to a report by Armstrong & Associates and the National Home Delivery Association.

Freight forwarder MTM Logix recently received a private equity investment aimed at capitalizing on companies nearshoring to the Americas.

First, the company popularized two-day shipping. Then, Amazon Relay was created to help fill growing capacity needs. This paved the way for further innovation, including Amazon Freight for shippers and Amazon Freight Partner for carriers.

3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.

A tax code throat punch promises to make gig work and online selling as fun as a trip to the morgue and as profitable as the average Mega Millions ticket.

Logistics M&A experts at a Benesch law firm conference don’t see any significant downturn in activity even as the freight market slows.

Port X Logistics has made a name for itself in drayage, expediting containerized freight throughout the U.S. and Canada. Now the company has brought its expertise into the airfreight arena.

RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.

Reverse logistics is a tough, unfamiliar skill set for 3PLs. But the potential payoff is huge.

Shippers and carriers interact with the market differently, but one thing has become clear over the past few years: Contracts and dedicated lanes allow both parties to gain stability in an unpredictable landscape.

The November Logistics Managers’ Index showed transportation capacity was up again with pricing contracting at the fastest rate on record.

3PL company Neovia has a new capital structure, but S&P Global Ratings still views it as having a large hill to climb.

Nike has remained a popular shoe brand for decades (Photo: AP File/Matt Rourke)

Expeditors’ stock is too high priced, Wells Fargo says, as it cuts its rating to a level tantamount to “sell.”

Hub Group, a full-service transportation and logistics provider, detailed leadership changes on Thursday.

Management from one of the nation’s largest truck brokerages is ready to take on the industry alone.

Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.

Werner Enterprises announced the acquisition of freight broker ReedTMS Logistics for $112.4 million. The deal also included a small dedicated carrier.

Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.

Holiday sales will decline by up to 50% from 2021 levels, but they will still be healthy despite macroeconomic concerns, according to the National Retail Federation (NRF).