YRC Worldwide (NASDAQ: YRCW) reported a $31.7 million consolidated operating loss on first quarter 2019 revenue of $1.182 billion. The loss widened from a year ago and revenue fell slightly, […]
KeepTruckin Chief Executive Shoaib Makani laid out the company’s ambitious plans to move beyond its core electronic logging device (ELD) market to becoming an end-to-end provider of truck technology. The […]
If lab-grown meat substitutes for farm-grown meat and is commercially successful, it will lead to a drastic reduction in freight ton-miles.
Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million […]
YRC Worldwide (NASDAQ: YRCW) posted a $31.7 million consolidated operating loss on first-quarter revenue of $1.182 billion, which declined slightly from first-quarter 2018 revenues of $1.215 billion. In first quarter […]
Over the last decade, J.B. Hunt has not only tripled in size, but has evolved from a big truckload and intermodal operator to offering dedicated services and what has turned […]
Uber and Lyft drivers are planning to strike on May 8 at 10 locations in the U.S. to protest low wages among other concerns. Organizer Rideshare Drivers United is planning […]
Getting better use from your logistics assets, whether it be drivers, trucks, trailers, or general staff, is a major theme of Transparency19. And the Rapid-Fire Demonstrations on the second day […]
Convey, the six-year-old company trying to reinvent supply chains, has announced a partnership with MercuryGate that it said will improve the last-mile delivery experience for shippers and end customers. Convey’s […]
XPO Logistics, Inc. (NYSE:XPO) was prepping late last year for a massive acquisition, one that Chairman and CEO Brad Jacobs said Tuesday would have effectively doubled XPO’s $17 billion a […]
Energy efficiency is key to the reaching climate change goals and Siemens’ eHighway launched on 7 May 2019 is a step towards cutting air pollution in the future.
Women are underrepresented across the board in transportation and logistics, with just over 20 percent of managers in transportation, storage and distribution identifying as female.
When Paul Svindland took over as CEO of Celadon Group (OTCPink: CGIP) in the summer of 2017, he was stepping into an operation that had been riddled with financial concerns […]
TravelCenters of America announced higher fuel volumes and revenue, but one-time charges led to a quarterly loss.
While it posted a decline in sales, Workhorse is optimistic about its future with full production of its electric van set for this fall.
Domino’s Pizza has partnered with SingularityNET, to test decentralized AI services in an attempt to automate portions of its delivery operations.
It’s been busy in Australian trucking. A hostile takeover bid has succeeded, subject to shareholder and regulatory approvals. An innovative Aussie manufacturer has invented a new kind of intermodal tanker for dangerous chemicals. This, and more, in Down Under Trucking.
The shadow of obsolescence seems to be hanging over freight brokerages, given the rise of digital load matching apps and other technologies. But industry veteran Andrew Clarke says he is […]
A California federal court dismissed part of a class-action lawsuit against U.S. Xpress (NYSE: USX) that claimed the Chattanooga, Tennessee-based truckload carrier violated the state’s meal and rest break laws. […]
Quantum computing’s advocates – there about 25 companies currently studying it – believe the technology heralds a massive improvement over the advanced systems that are becoming mainstream today. For transport […]
Dolly has raised $7.5 million in Series B funding, which is expected to expedite Dolly’s entrance into new markets and also help grow its operational and technical teams.
Transplace has announced the appointment of Matthew Harding as senior vice president of data science. Harding, who rejoins Transplace after a nine-plus year stay at Chainalytics, will lead the company’s […]
J.B. Hunt is transforming into a truly mode-agnostic capacity provider.
TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner SCHUMER AND PELOSI OUTSIDE THE WHITE HOUSE EARLIER THIS YEAR. (IMAGE: SHUTTERSTOCK) Let’s play […]
For the second time in less than a week, a trucking carrier has shut its doors with no advanced warning.
The two leading shareholder advisory firms have said they will support an International Brotherhood of Teamsters proposal to separate the chairman and CEO positions at XPO Logistics, Inc. (NYSE:XPO) and […]
“Any attempt by the United States to reverse course on IMO 2020 could…potentially backfire on consumers.”
Rank-and-file approve by 60-40 margin.
(PHOTO: SHUTTERSTOCK) Guest post by FreightWaves’ Henry Byers The US-China trade war has had a massive impact on supply and demand within the US truckload market. Companies scrambling to beat […]
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Former Falcon Transport executives allege that financial mismanagement and a poorly negotiated contract with General Motors led to the company’s abrupt closure on April 27.
J.B. Hunt Transport has consolidated its sales, operations and customer support functions for its Mexican subsidiary in a new office in Santiago de Querétaro, Querétaro, Mexico.
Tank barge operator saw huge jump in delay days due to winter weather and one-off events that swept through U.S. waterways.
Company behind rivals in its pricing position, Jacobs says
Ten-year waiver to move U.S. LNG to Puerto Rico is off the table – for now.
Best-selling author Brad Stone (The Everything Store) will tell more about the history and future of an amazing corporate success story – Amazon – at Transparency19. Get your tickets now for this must-attend event.
Women In Trucking (WIT) has announced Bison Transport driver Treana Moniz as its 2019 May Member of the Month.
TriumphPay is shifting the power over invoice control back into the hands of carriers.
In partnership with Reliance Partners …
ELDs are not just about tracking the hours of service of drivers. The data they gather can be used by fleets to improve driver behavior and operational efficiency, and by insurance companies to understand accident history for evaluating fleet risk profiles.
Shippers benefit as transportation rates expected to stay low.
Convoy has worked closely with shippers on various projects, including its Convoy Go program that gives owner-operators access to drop-and-hook freight. It has now formalized those efforts in the Innovation Lab.
Good execution has CEO Jacobs in ebullient mood.
BlackBuck has raised a total of $285.2 million till date and is looking to expand its services across India, without worrying much into its growing losses.
Apps collaborate to deliver to Ford cars.
Global logistics solutions group, WiseTech Global, has announced the acquisition of Xware, a leading messaging integration solutions provider in Sweden.
Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the first quarter of 2019.
PHOTO: SHUTTERSTOCK The Truckload Carriers Association has been recognizing Highway Angels, or professional truck drivers who demonstrate compassion and courage on the road, since its 1997 inception. Recently, seven standout […]
Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.
No signs yet on agreement on how to pay for it.
Strong bottom-line offsets some volume sluggishness.
Company looks to get sticky with SMB traffic with one-month initiative.
Eaton, maker of electrical systems and powertrain components posted record revenue in the first quarter.
Cummins is reviewing is emissions certification and compliance process following questions from EPA and CARB. The company did report strong earnings and a record number of engines shipped in the first quarter.
Bosch is working with Powercell to develop a hydrogen fuel stack for vehicles. Plus, housing index has positives for home buyers, JFK starts new phase of air cargo expansion, and trucking company in Denver crash had history of violations.
Danish freight forwarder DSV has begun 2019 in the same groove as the previous five years, registering further growth in 2019 as the company anticipates a merger with its Swiss partner, Panalpina, later this year.
Oshkosh Corporation (NYSE: OSK) reported its fiscal year 2019 second quarter earnings on April 30, highlighting an increased diluted earnings per share of $1.82, compared to the $1.47 reported in the same quarter in 2018, and a net income of $128.5 million compared to $110.8 million, in 2018.
Paccar (NASDAQ: PCAR) reported record revenues and net income for the first quarter of 2019, beating analysts’ estimates on April 30.
Developing markets offer high growth, but high risk, as dispute between east African nation and Dubai firm forces Chinese ports operator to refinance loan.
R. Eddie Wayland, TCA Legal Counsel PHOTO: SHUTTERSTOCK A supervisor of the trucking company in this case made a “dinosaur” comment directed at an employee when discussing company policy. Shortly […]
Getting Trump to support raising the gas tax would be a major step toward passing an infrastructure bill.
Last local ratifies rider, paving way for contract implementation.
Former truck drivers and employees of Falcon Transport of Youngtown, Ohio, admit there were warning signs that the company was experiencing financial problems, but few said they expected the company to cease operations abruptly on Saturday, April 27, stranding truckers hauling loads without working fuel cards or further instructions.
Urbain to leave as CEO June 1, become top aide to new chairman Saade.
Eight years since he burst on the scene with a $150 million acquisition of a then 22-year-old company called Express-1 Expedited Solutions, Brad Jacobs today sits astride a $17 billion per year multi-national behemoth.
Each year, truck drivers and fleets face both announced and unannounced inspections or enforcement blitzes.
Building a small business is difficult if you don’t have access to the same powerful tools that larger competitors do. Uber Freight, with its growing suite of tools, has been trying to empower small fleets and owner-operators to allow them to compete on an even playing field.
Putting export-import documents online may make a difference between container arriving to customer on time or sitting in a warehouse.
A few years ago the idea of using drones for last-mile delivery were just an idea. But the idea is becoming a reality in China, Indonesia and now the USA. Read Market Expert Cathy Roberson’s views on the use of drones for last-mile delivery.
Tokyo, Japan-based ocean carrier, Kawasaki Kisen Kaisha http://kline.com/ (TYO:9107) has recorded a fall in revenues of Japanese Yen of 325,293 million down to JPY 836,731 million (US$7.5 billion) for the fiscal year ending March 31, 2019. Several board members have been removed.
Chillicothe has a long history in the state, but in the past 45 years, it is the local Kenworth factory that has become an identifying centerpiece of this central Ohio town.
Truck drivers for the flatbed truckload carrier, Falcon Transport of Youngstown, Ohio, said they received emails late April 27 stating the company was shuttering operations effective immediately.
Canadian trucking company Bison Transport acquired all of the intermodal assets of Indianapolis, Indiana-based Celadon Group Inc. on April 26.
It was a truly shocking Easter on Australian roads with an appalling double-fatality in which a truck driver was incinerated in a head-on crash. Elsewhere, a drunk big rig driver faced an Australian court after driving backwards down a motorway and then jack-knifing his double-B into a gas station. Meanwhile, following a two-year study, Australian sleep scientists warned truckers that prolonged eye closure is a sign of drowsiness. And, finally, trucking corporations have been introducing new products, buying out shareholders and attempting hostile takeovers. It’s another week in Down Under Trucking.
The consensus at a panel in Houston is that marine gasoil will be the first fuel to get a big boost in demand as IMO2020 approaches. That’s not good news if you’re a diesel buyer.
Results of two audits could affect current quotas of glider truck kits.
No stakeholder will be spared the consequences of the move.
Though blockchain looks to be promising, companies are still not convinced on the trustability of a blockchain network and it would take more than a few pilots to persuade stakeholders to join together on a single common decentralized ledger.
Amazon.com, Inc.(NASDAQ:AMZN) has launched a program to offer free one-day delivery to users of its popular “Prime” service, cutting its current delivery window in half and throwing down another gauntlet to retailers and logisticians across the country.
Despite lower net income and revenue in the first quarter of 2019, Daimler AG (DAI.XE) reported on April 26 that it expects to see slight earnings and revenue growth for the year.
Donald Broughton, FreightWaves’ chief market strategist, helps explain the U.S. economy in a multi-part series. This article focuses on the industrial economy of the U.S., which is critical to the overall health of the nation.
Getting stakeholders to cooperate in creating interoperability within blockchain networks is the next hurdle that the technology needs to overcome for mainstream adoption.
South Korean ocean box shipping company, Hyundai Merchant Marine, and Russian far East intermodal box transport specialist, FESCO, have announced a series of changes to their Russia-China-Korea shipping operations. Rail specialist FESCO has also announced extensive Russia-China rail services.
Ashley Coker The Truckload Carriers Association has been recognizing Highway Angels, or professional truck drivers who demonstrate compassion and courage on the road, since its 1997 inception. Recently, seven standout […]
Company about to move the delivery cheese again.
USA Truck (NASDAQ: USAK) posted its most profitable first quarter results since 2006 on April 25. The quarter is now the seventh straight quarter of profitability.
Covenant Transportation Group (NASDAQ: CVTI) posted adjusted earnings per share (EPS) of $0.27 for the first quarter of 2019, beating analyst estimates and edging past the expectations the company itself announced earlier this quarter.
A panel in Blockchain Expo 2019 spoke on how blockchain solutions can be used for increasing transparency, profitability and provenance in supply chains across a variety of markets.
The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.
CEO Paul Svindland calls settlement “milestone” in path to stability after hit from financial scandal.
World’s largest ocean freight forwarder sees volume growth thanks to Asian export markets and its niche plays in pharma and healthcare.
Port Logistics Group, one of the nation’s leading providers of omnichannel logistics services, announced its acquisition of Whiplash Merchandising, Inc. on April 24, effective immediately.
Bottom line comes in light. Investors wary to unimpressed.
Ford invests $500M in electric pickup maker; plus U.S. may be pulling freight from trucking, India seeks logistics technology upgrades, and scientists call for unity on electric vehicles.
Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.
In partnership with Reliance Partners …
Truckers often are under a lot of stress due to being away from their family for days at end, erratic sleep cycles, and other issues while they haul freight. Communicating with their dispatchers and retrospecting stress-related incidents are key to reducing stress.
Despite its takeover by ocean carrier, Swiss freight forwarder keeping it multi-modal with introduction of rail service from China to Europe.
Ashley Coker IMAGE: SHUTTERSTOCK The amount of capacity that has flooded the market in 2019 has put downward pressure on rates. Rates for long distance trucking declined for the third […]
Rush Enterprises (NASDAQ:RUSHA) reported strong first quarter 2019 revenues of nearly $1.34 billion on April 24, up 8.7 percent from $1.24 billion compared with the previous year.
Forty ships detained in 2018 as federal inspectors begin exposing U.S.-flag safety data.
Kenworth will increase the size its Chillicothe, Ohio, manufacturing plant by nearly 25 percent once a new paint facility comes online in early 2021, the company said at a groundbreaking for the $140-million, 120,000-square-foot building.
