The Convoy saga has taken another turn as venture-backed freight forwarder Flexport announced Wednesday that it has acquired Convoy’s technology stack for an undisclosed sum. This comes after Convoy, which was valued at $3.8 billion from its final funding round 18 months ago, shuttered operations on Oct. 19.
In this edition: The numbers behind spooky season, the UAW comes out on top and XPO comes out on top.
In this edition: There’s a new massive warehouse in Lebanon, Indiana; drone tech aids pharma; and Flavortown in your freezer.
Cartograh and TRAC Intermodal CEOs to be featured next week.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
Shooting spree in Maine has drivers in the area on edge
On Wednesday the American Transportation Research Institute (ATRI) released its latest Cost of Congestion study showing U.S. highway traffic congestion added $94.6 billion in costs to the trucking industry.
In this edition: breaking down what the future for freight brokers looks like, which markets are claiming top spot and how LTL carriers performed.
In this edition: RealCold gets its start, recycling energy and TGI Fridays adds to its lineup.
Carriers expect muted peak season with few spot opportunities.
Can Hyliion pivot to make stationary generators the base of its business as it decides whether to pursue the Hypertruck ERX?
Seattle-based digital freight broker Convoy on Wednesday canceled all shipments from its marketplace and company representatives promised more details of a business transition were forthcoming. By Thursday, company employees were told in a meeting that Convoy was “closing down its core business operations.”
Welcome to the WHAT THE TRUCK?!? Newsletter presented by AIT. In this issue, ATA revises driver shortage numbers; CEVA gets robots; and record out-of-service orders. ATA gets it wrong on […]
In this edition: Laredo comes out on top; out of service is on the rise; and GRI season is here.
In this edition: Walmart expands south, developments in the Northeast and meatloaf in minutes.
An electric vehicle charger without data intelligence on when it is available and operating is like a hot dog without a bun.
A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock.
GLP-1 drug use and wariness of ultraprocessed foods could hit sales.
In this issue of the WHAT THE TRUCK?!? newsletter: Lego as an investment; Tesla Semi back in black; Prime Day’s real value; and more.
In this edition: The art of cold outreach; the ongoing autoworkers strike; and when will the next cyberattack come?
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Can Outrider hold onto its healthy lead in distribution yard autonomy as competition begins to form?
FreightWaves on Tuesday interviewed Angela Acocella, postdoctoral researcher at Tilburg University and researcher with the MIT Center of Transportation and Logistics looking at the impact of ghost lanes on shipper and carrier networks.
FTC complaint highlights challenges that sellers face on the largest e-commerce platform.
In this edition: It’s not your mama’s bid season this year; Shippers are on the hook for carbon emissions; and UPS tries to get customers back on their side.
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Startup Flipturn really was named for the swimming maneuver. Now it wants to make trucking electrification just as smooth.
In this issue of the WTT newsletter: government shutdown alert; Flexport shakeups; used truck prices hit new lows; and more.
Confusion erupted on Monday following reports that the Federal Motor Carrier Safety Administration was looking to set a 68 mph maximum speed setting for trucks newer than the 2003 model year.
Comments from Amazon merchandising expert add context to nuanced issue.
In this edition: Shippers needs are not met by 3PLs, UAW strike expands, and subscription boxes take hold.
Shippers get clearer, Philadelphia airport gets more space, and Cup Noodles gets in the Oktoberfest spirit.
Stack AV founder Bryan Selesky is keeping most of the details of his autonomous trucking startup to himself for now.
Pricing strategies advance as companies model changes in consumer behavior.
A report published Tuesday by the U.S. Government Accountability Office (GAO) concluded that the Federal Motor Carrier Safety Administration (FMCSA) must make its complaint database more transparent and publicly available.
In this edition: The United Auto Workers has its strike moment; Mexico maintains its top spot; and the FreightTech 100 list is back.
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Inside the WHAT THE TRUCK?!? newsletter: Truckers get blessed, UAW prepares to strike, JBH sees green shoots and more.
At a Morgan Stanley investor conference Tuesday, trucking executives predicted a muted peak season after acknowledging the industry is in the midst bottom of the freight cycle while hoping for some improvement in 2024.
Smucker’s Twinkie defense points to recent growth in indulgent snacking.
In this edition: Celebrate National Truck Driver Appreciation Week; Minneapolis is taking a dive; and C.H. Robinson goes to the border.
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The timing in promoting its growing patent portfolio could suggest TuSimple is trying to find a buyer for its U.S. business.
Outbound tender volumes will continue to rise out of Texas; spot rates expected to remain around $2.30 per mile
The Stockout content breadth expands to include both CPG and retail logistics coverage.
In this edition: Cargo theft was on the rise over the holiday weekend; the Panama Canal wins a spot on bingo cards; and Coyote parts ways.
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Ree Automotive tested its Reecorner by-wire technology for months before getting precertification that moves it closer to production.
Packaged coffee is an exception to sticky prices where consumers are benefiting from lower commodity costs.
In an article published Tuesday, FreightWaves CEO and founder Craig Fuller made a case that the trucking industry is not consolidating anytime soon.
In this edition: The cost of a conversation, Florida prepares for a Hurricane and Mexico avoids a strike.
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Big-box sellers report healthier-than-expected consumers and stress high in-stock rates.
In this issue of the WHAT THE TRUCK?!? newsletter: do truckers care about truck driver appreciation week, green shoots in the market and more.
The Federal Motor Carrier Safety Administration on Wednesday released parameters on data collection for a new study to determine the impact of detention time on drivers. The Information Collection Request (ICR) was submitted to the Office of Management and Budget (OMB) for review and approval and opened the window for public comments.
In this edition: Identity theft for freight brokerages on the rise, Brake Safety Week is upon us, and the battle for terminals heats up.
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Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.
In this issue of the WTT newsletter: a trucker bathroom law could become a national model; a trucking bloodbath blood clot; expensive rest stop food; and more.
On Thursday, self-driving trucking company Kodiak Robotics and Pilot Co. opened their first truckport for autonomous vehicles at the Pilot Travel Center in Villa Rica, Georgia. According to the news release, the truckport will be used by Kodiak to launch and land its autonomous trucks and serve as a hub for drivers to pick and drop off loads for first- and last-mile deliveries.
In this edition: Sustainability discussions come to the table; China’s Golden Week’s prep; and two companies become one.
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Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
In this issue of the WHAT THE TRUCK?!? newsletter tech bros eyeball UPS pay; trucks are stalked with AirTags; Postal Service loses big.
Proposed rulemaking on automatic emergency braking (AEB) introduced in June by the National Highway Traffic Safety Administration and the Federal Motor Carrier Safety Administration is getting more pushback from a coalition of state law enforcement officials and brake manufacturers that argue more dialogue is needed before moving forward.
Numerous acquisitions the past several years bolstered logistics firm’s end-to-end capabilities.
In this edition: breaking down the 2023 FIFA Women’s World Cup, the unforeseen side effect of rising demand in Mexico, and Yellow officially declares Chapter 11 bankruptcy.
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Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday.
In this edition: The fallout from Yellow’s anticipated bankruptcy, UPS loses big to FedEx, and Hub Group throws down against the competition.
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Investor confidence coincidentally clashes with an executive’s stock sales at autonomous trucking developer.
Inside the WHAT THE TRUCK?!? newsletter Yellow’s impending bankruptcy; freight volumes show signs of life; a pair of trucking scams and more
The saga of less-than-truckload carrier Yellow may be coming to a close based on reporting that Yellow’s senior vice president of sales told staff their last day would be this Friday, and that the carrier would file for bankruptcy on Monday.
In this edition: What can Brown do for you, now that the strike has been averted?; the future of the LTL industry; and FedEx pilots stand their ground.
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Seeking clues in TuSimple’s delayed financials; a case for an autonomous trucking slowdown; and Kodiak Robotics’ dual-use approach to autonomy.
Truckload and multimodal carrier J.B. Hunt told analysts on an earnings call Tuesday that it’s still too early to tell how the 2023 peak season for freight will turn out.
In this issue of the WHAT THE TRUCK?!? newsletter, what to do if Yellow goes belly-up; why you should stop using UPS; AI in trucking; and more.
Conagra says consumers are buying less while J.B. Hunt highlights lack of seasonal uptick.
In this edition: What happens if Yellow and UPS stop delivering? And acquisition is Redwood’s game.
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Daimler Truck forecasts a sunny outlook for its business, especially in North America and Europe.
The first meeting of the Federal Motor Carrier Safety Administration’s Truck Leasing Task Force (TLTF) discussed and drafted recommendations on Tuesday regarding limiting or eliminating the power a trucking company has over lease purchase agreements with drivers.
In this edition: When the pipeline turns to people; reefer markets take off; and Yellow lives to see another day.
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British Columbia port workers’ strike ongoing and UPS Teamsters threatening to strike at month’s end.
In this issue, trucking market enters dog days of summer; Nikola sales numbers; Yellow talks intensify; and more.
The freight recession’s impact on small fleets and owner-operators gained mainstream media attention on Monday with an article by Shannon Pettypiece, a senior policy reporter for NBC News. The article related the story of Arnesha Barron, a 39-year-old driver who in 2021 became an owner-operator after working at a trucking company for six years.
In this edition: One state has over $20 in fireworks per resident; Yellow struggles with negotiations; and a double broker AMA hits Reddit.
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Negotiations between the Teamsters union and Yellow Corp. remain ongoing, with the fate of the nation’s third-largest LTL carrier hanging in the balance. Yellow is facing stiff resistance from the Teamsters over proposed operational changes that would consolidate operations between purchased regional carriers New Penn and Holland and integrate them into Yellow’s nationwide network.
In this edition: It might be time to change the password; new Container Atlas findings; and is it double brokering if it’s “responsible”?
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Consulting firm Kearney recently released its 34th annual Council of Supply Chain Management Professionals (CSCMP) report, “State of Logistics 2023: The Great Reset.” A major theme of the report is the great rebalancing from the carrier-dominated market of the past two years to a shipper-focused one as freight volumes fell against a backdrop of higher truckload capacity. The report notes that total U.S. logistics costs rose 19.6% in 2022 to a record $2.3 trillion or 9.1% of U.S. gross domestic product.
In this edition: The FMCSA has issued final guidance on the broker and agent divide and there are big doings in the West Coast labor talks.
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Battery chemistry will play a critical role in advancing electric trucking beyond regional and drayage hauling.
A proposal by the Federal Motor Carrier Safety Administration to alter and expand reporting categories for crashes is drawing criticism from the Owner-Operator Independent Drivers Association, which argues the FMCSA should take stronger action to protect driver safety records.
In this edition: Comparing freight broker commission rates; Stopping corn at the border; and some C-suite shuffling.
