Ryder grows revenue but records loss on lower used truck prices
Ryder expects used truck prices to continue deteriorating in 2020.
Ryder expects used truck prices to continue deteriorating in 2020.
A telematics-based pay-as-you-drive program from Daimler Trucks Financial could help trucking firms on the financial brink because of high lease payments and insurance premiums.
Hino’s XL Series of trucks will receive new cab configurations for 2021. The brand has renamed several of its trucks and added a host of new features in all its classes.
Tech-enabled last mile is still in early innings, and there are a number of competing strategies.
While Hyundai’s HDC-6 Neptune hydrogen truck concept garnered most of the attention on Monday at the North American Commercial Vehicle Show in Atlanta, it was not the only innovative product […]
The door to TRATON Group selling trucks in North American opened a crack with a memo of understanding between Navistar and TRATON to sell Scania mining trucks in Canada.
Freight railroads need push to ensure Amtrak’s trains are on time, Durbin says.
VeriTread Founder and CEO Jeff Cox has made it his mission to lighten the load of heavy-haul transport.
UPS to expand US health care distribution center network by 30% through 2020.
XPO Logistics stays ahead of macro weakness as net income, EPS jump in q3
Hyundai has unveiled a fuel-cell powered Class 8 truck, the HDC-6 Neptune, that it plans to launch at an undisclosed time in the future. It will be a global truck for multiple markets, including the U.S.
Volvo Trucks North America unveiled its new VNR 660 truck, expanding its offerings for regional-haul applications, on Oct. 28 at the North American Commercial Vehicle (NACV) Show in Atlanta, Georgia.
Werner, UPS Freight among initial companies participating in pilot.
Mack Trucks is well on its way to making up lost production from a 12-day United Auto Workers’ strike and sees state-level infrastructure spending buoying its off-highway vocational truck business in 2020.
The transportation industry is in a constant state of flux, experiencing market changes influenced by everything from macroeconomic conditions to hurricane season. Understanding data, learning to benchmark and knowing how […]
The U.K. was scheduled to leave the EU on October 31, but now has until January 31, 2020 to get a deal approved by Parliament.
Forager, a Chicago-based cross-border freight brokerage, announced the official launch of its new technology, SCOUT. The instant pricing and booking technology brings on-demand pricing and capacity to the United States-Mexico-Canada […]
Francis Alvarez, who operated a forwarding service in Houston, faces a maximum of 10 years in prison and a $1 million fine for violating the Sherman Act.
While technology helps improve fuel economy, the truck drivers (pictured here) that participated in the NACFE Run on Less Regional demonstration pointed out the important role drivers still play.
Roadside inspections can be a scary proposition for drivers, and it’s obvious why. Even simply mistakes or misinterpretations of regulations can lead to drivers and fleets being penalized. Because of this, it’s more important than ever to provide proper training and coaching for drivers.
ZF is moving full speed ahead as it builds out its electrification and e-mobility platforms and believes its proposed acquisition of Wabco will allow it to offer full-system solutions to commercial vehicle operators.
When Jim Handoush was growing up, he thought he was destined to work for Apple, which was in its infancy at the time. Today, Handoush doesn’t work at Apple, but is now helping guide the ship for another startup that is hoping to be just as disruptive.
Great Dane is gathering all the key issues trailers can have into an integrated platform to make it easier for drivers and fleets to see when something is amiss.
Kenworth Truck Co. is finally satisfied that over-the-air software updates are safe for its trucks.
Austin, Texas-based centralized freight platform Shipwell raised $35 million of venture capital funding from a consortium of investors led by Georgian Partners of Toronto, Canada.
The transaction is worth approximately $12.6 billion.
CEO Alain Bedard says company may buy more firms in the United States as it looks to bolster underperforming logistics and final mile units and clean up market.
Dana is supplying its electrified powertrain to a terminal tractor designed by Lonestar Specialty Vehicles, offering a new chance for fleets to electrify their operations. The tractor has up to 22 hours of continuous charge and can be recharged in just two hours.
Ten trucks participated in NACFE’s Run on Less Regional event, showcasing the fuel efficiency opportunity that awaits regional haul fleets. The trucks achieved an overall 8.3 miles per gallon during the 18-day event, far ahead of the national fleet average of about 6 mpg for regional trucks, Mike Roeth, executive director of NACFE, said.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s government nears legalizing marijuana; U.S.-Mexico sugar trade agreement in limbo; […]
Camera monitoring systems could eventually replace bulky exterior mirrors on Class 8 trucks. Stoneridge Inc. and Robert Bosch are the only two suppliers deep into the safety and fuel-saving technology so far.
Officials in Mexico recently authorized the transport of non-radioactive hazardous materials across the World Trade Bridge between Nuevo Laredo, Mexico, and Laredo, Texas. The approval applies to low-risk hazmat waste […]
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.
Amazon looks to boost value proposition for big shippers with customized delivery service at rock-bottom rates
“This new humanitarian mechanism will help international companies that seek to engage in permissible humanitarian trade with Iran to ensure that they do not run afoul of sanctions,” Treasury Secretary Steven Mnuchin said.
Offshore energy operations could get competition from foreign ships.
Volumes slow but steady heading into peak season
by Ray Haight, TPP Retention Coach The issue of driver turnover has plagued the industry for decades and, it seems to me, that trucking companies should have made better progress […]
Merchandise of almost any kind is valuable. Packaging it correctly is one key to making sure it arrives at its destination undamaged. Learn some tips about how to package correctly.
CEO of Canada’s largest transportation and logistics company pushes for crackdown as carriers with dubious labor practices place unprecedented pressure on truckload business
Canadian national Alexis Vlachos, who was sentenced to prison last September, will not be able to export or receive anything from the U.S. for the next seven years, the U.S. Bureau of Industry and Security said.
The impact of IMO 2020 on diesel prices will be the subject of the lead interview this weekend on FreightWaves Radio. Co-host John Kingston attended the Argus Fuel Oil conference […]
Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of impropriety and asserts J Capital is simply “wrong.”
The United Auto Workers is ending its strike against Mack Trucks after 12 days. The first walkout in 35 years idled six facilities in three states and forced the layoff of 3,000 workers at Volvo Trucks only North American assembly plant.
Canadian firm’s earnings report reveals August purchases of Quebec cross-border carrier Craler and Georgia-based logistics provider
South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.
Forward Air management guided for negative EPS growth in the fourth quarter.
Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.
Canadian and U.S. trucking units continue to squeeze revenue and profits from uneven freight market as LTL and last-mile deliver uneven performance.
Amazon.com. Inc. (NASDAQ:AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46% surge in worldwide shipping costs […]
Truck engine maker testifies on prospects for “net zero” pollution by 2050.
Drive My Way CEO also advises attendees at the Women In Trucking conference to use woman-to-woman messaging.
Among the resistant 30%, reasons to avoid dash cams range from protecting driver privacy to the fear of driver turnover.
Daimler AG reported high sales and earnings in the third quarter but is cautioning that tougher times lie ahead for its Mercedes-Benz car and Daimler Trucks businesses.
The latest in a series of collaborative videos and commentary between FreightWaves and SmartDrive.
Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home
Designs of future vocational trucks by students at the ArtCenter College of Design may contain some long-term value for the Western Star Truck Sales subsidiary of Daimler Trucks North America.
Prioritizing high-risk motor carriers for interventions an added challenge.
Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.
Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.
Authorities in Mexico have proposed legislation to legalize around 18 million so-called “carros chocolates,” or chocolate cars – vehicles illegally imported into the country from the United States. If the […]
Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.
Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.
It is no longer enough to just provide excellent service. Now, companies must provide excellent service alongside speed, transparency and convenience.
E-commerce giant Amazon.com, Inc. is expanding its in-store pickup service Counter, announcing on October 23 that it is partnering with GNC, Health Mart and Stage Stores.
The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.
Determining freight class is a key to shipping freight successfully. Learn more about the processes involved in this article.
Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche
Venture capital investment in the logistics sector has seen a steady rise in the last decade and shows no signs of abating in the near future.
U.K. police are investigating whether human trafficking gangs were behind the deaths after 25-year old driver is arrested on suspicion of murder.
United Road, which moves about 4 million new and used cars and light trucks a year, is expanding into Class 8 truck and equipment hauling with its acquisition of specialty hauler Team Drive-Away.
The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions.
Gillihan plans to build a process-driven sales floor that can scale.
The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.
Railroads face an uphill battle in elevating their intermodal business.
Covenant blames weak freight environment for drop in revenue and net income in third quarter 2019.
Extension of “Maritime Silk Road” threatens U.S. economic, military standing.
The number of carriers running AOBRDs dropped under 5% several weeks ago and has remained below that mark since, suggesting most carriers have already made the switch to ELDs.
Review prompted by lax processing of driver convictions.
A former Dallas police officer pleaded guilty on October 16 to falsifying traffic tickets in order to collect overtime pay through a program funded by a federal grant aimed at curbing fatal and serious injury crashes on Dallas roadways.
Hyundai Motor Co. is expanding its fuel cell ambitions to heavy-duty trucks and trailers with a pair of concepts for next week’s North American Commercial Vehicle show in Atlanta.
The abrupt retirement of Jim Barber, UPS’ CEO heir-apparent, overshadows company’s third-quarter results
The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.
HaulHub is a logistics startup in the aggregate and asphalt industry that helps producers, carriers and construction crews collaborate together over a centralized platform.
ELD maker Konexial is expanding its customer base through the acquisition of Axle Technologies’ AORBD customer list. Also, FedEx and UPS ramp up drone deliveries, a port expansion in Seattle, and Hyundai to introduce fuel cell truck.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.
Paccar Inc. delivered 31,000 trucks in the third quarter, helping the parent company of Kenworth Truck Co. , Peterbilt Motor Co. and DAF beat earnings estimates.
Jim Blaze explains the new CSX trip compliance reporting… perhaps the first step for railroads to compete more effectively with the trucking industry.
Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.
UPS expands drone operations, healthcare and e-commerce services
Charley Dehoney writes about Jelani Hawkins, a former NFL player who has gone into trucking. Read about his new career.
FedEx Express [NYSE: FDX] on Friday used an unmanned aerial vehicle instead of a truck for last-mile residential deliveries on behalf of pharmacy retailer Walgreens. The Oct. 18 deliveries were […]
The global auto industry may be the first industry to use blockchain extensively. Read how and why.
Logistics in Alaska can be both amazing and frustrating. Alaska is the most expansive and diverse logistics laboratory in the United States. Take the largest state in the nation, yet […]
The Trump administration said it is taking this latest regulatory action to further restrict the Cuban government’s efforts to support Venezuela’s Maduro regime.
AB Volvo through its venture capital group is investing in an Israeli cybersecurity startup while also combining all of its autonomous ventures into a single group.
Flytrex is an Israeli on-demand small payload drone delivery company that will be delivering products ordered online straight to the consumers’ house.
IBM Food Trust platform is collaborating with Raw Seafoods to use blockchain to create visibility within the seafood supply chain, starting with scallops fished in the Atlantic.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Transport Expo showcases Mexico’s trucking industry; Texas and Mexico officials host meeting to […]