FedEx acquires large chunk of stock from Morgan Stanley
FedEx acquires 7.9 million shares at a cost of $1.5 billion.
FedEx acquires 7.9 million shares at a cost of $1.5 billion.
The ABF subsidiary ArcBest began hiring days last year to help aid in recruitment; FreightWaves was invited to one.
ITS Logistics has announced a $100 million investment to build a 1 million-square-foot distribution warehouse in Fort Worth, Texas.
J.B. Hunt Transport Services said Monday it has expanded its transloading capabilities to include Seattle and Laredo, Texas.
Lone Star Dedicated of Haslet, Texas, will be closing its doors in October with nearly 90 company drivers losing their jobs hauling refrigerated food nationwide.
Reliance Partners’ Brian Runnels reacts to the results of this year’s International Roadcheck. He ponders whether drivers should take all the heat, but also says greater action can always be taken to mitigate violations.
Werner Enterprises announced its third acquisition since last summer on Monday, adding Baylor Trucking to its one-way operation at an undisclosed price.
This week: XPO driver reaches 4 million safe driving miles, Walmart opens a new facility in Illinois and donates to local charities and Getir donates over 80,000 pounds of food to nonprofits.
The federal agency that enforces laws against workplace discrimination has sued a New York-based trucking company for not hiring females.
Prosecutors rested their federal fraud case against Nikola founder Trevor Milton on Friday after three weeks.
Analysts are predicting that carriers won’t experience a typical peak season. That’s bad news for the trucking industry.
Flatbed carrier Daseke said Friday it would repurchase $40 million in stock, following an April request from an activist investor to do so.
McClellan Trucking and Duran Transfer, which contract with the U.S. Postal Service to haul mail, have filed for Chapter 11 bankruptcy.
Daimler Truck CEO Martin Daum has strong opinions on cabovers versus conventional trucks, fuel cells and other issues.
A new 80-page handbook from DOT gives local planners detailed information for planning and designing truck parking facilities.
The Federal Trade Commission plans on getting involved in questions of independent contractor status.
The Owner-Operator Independent Drivers Association has asked for a halt to the U.S. border vaccine mandate.
Steamship lines sometimes offer an included chassis for trucking companies. Similarly, non-vessel operating common carriers sometimes offer a chassis program linked to the chassis pools for their carrier partners. While these offers may sound attractive, is a typical “chassis deal” really a deal at all?
Federal regulators are considering loosening driver work-rule restrictions for propane haulers during periods of peak consumer demand.
One area that carriers have emphasized this year is “ugly freight” – or non-conveyable shipments. These are packages that are hard to put through their automated systems.
Hurricane Ian came ashore in Fort Myers, Florida, just before noon Wednesday. Transportation is starting to feel the impact, with road and port closures in effect.
Kodiak Robotics and Werner Enterprises completed a 152-hour autonomous freight trucking pilot between Dallas and Lake City, Florida.
Logistics real estate operator Prologis said Wednesday that its planned acquisition of Duke Realty has received shareholder approval.
On demand on WTT: Hurricane Ian makes landfall in Florida, Waffle Hose Index, freight impacts, logistics hiring, and FreightTech for temperature control
Clean Energy opened a renewable natural gas station in Groveport, Ohio, as part of an agreement with Amazon.
CEO Doug Waggoner says Echo Global Logistics’ growth will exceed its plan for both gross revenue and profitability as the company continues to look for acquisitions.
A nonprofit trucking group is partnering with a volunteer-run disaster-relief organization to collect and deliver critical supplies as Hurricane Ian intensified into a Category 4 system and is expected to pound Florida’s southwest coast late Wednesday morning.
Port officials and carriers prepare for hurricanes and other emergency situations year-round.
FEMA released a list of the first steps it is taking to prepare for relief efforts tied to Hurricane Ian.
“Their truck-first mentality is the right approach to win the highly fragmented road freight industry,” says a Founders Fund partner on its recent investment.
IMI’s Bob Bortner steps through the MILCURE wheel refinishing process on FreightWaves’ WHAT THE TRUCK?!?
Bestpass’ Jason Walker says although it’s not the first priority of most fleets, tolls are something they must get under control in order to focus on the things they were actually hired to do.
Federal regulators are easing training requirements for UPS truckers who want to drive double trailers.
When the floor on auction prices of used trucks is reached late this year, they will still be 20% higher than pre-COVID prices.
XPO Logistics announces board members for RXO, its brokerage unit that will be spun off in the fourth quarter.
On demand on WTT: Ford needs badges for 40k vehicles; Nikola recalls all of their electric trucks; OOIDA fights for OT pay and more
As the trucking industry prepares for Hurricane Ian, FreightWaves CEO Craig Fuller offers advice to truckers interested in hauling FEMA loads.
Netradyne’s Adam Kahn suggests the most effective way to train and retain drivers is to review their performance in full — both the good and the ugly.
Danny Gomez and Tyler Cole, who have both hosted FreightWaves’ Net-Zero Carbon over the past year, discuss what they have learned.
The hurricane could hit central Florida later this week, causing Tampa-area port facilities to brace for Ian’s impact.
Florida Gov. Ron DeSantis is waiving trucking restrictions as Hurricane Ian tracks into Florida.
BlackBerry isn’t in cellphones anymore, but its Radar division is in the middle of the market-share battle in asset tracking.
Algorithm-driven insights help fleets strategize their operations better when faced with rapidly changing weather conditions.
Nikola Corp. is recalling 93 trucks — all it has built to date — because of improper installation of seat belt shoulder anchorage assembly.
Navistar is recalling 8,002 more trucks for a connecting rod defect discovered in 2020, bringing to 23,802 the number of trucks included.
AskWaves checks in on the latest sentiment from the trucking industry on the effectiveness of ELDs.
This week in Borderlands: Mexico truck makers break an export record in August; trucks moved $44 billion in U.S.-Mexico cross-border freight in July; Kia announces a $408 million expansion to grow its operations in Mexico; and an autonomous vehicle technology maker plans a factory in Mexico.
Chapter 11 bankruptcy proceedings for trucking company Wyotrans have taken a rocky turn after two of its largest secured creditors claim they haven’t been paid in two months for leased or rented equipment being used to haul freight and that the carrier is behind on insurance premium payments.
Nikola CFO Kim Brady testified in Trevor Milton’s fraud trial that the founder’s statements “could be inaccurate or exaggerated.”
Acting FMCSA Administrator Robin Hutcheson was unanimously confirmed as the agency’s seventh administrator.
Daseke announced Friday a transition at the CFO position and that it expects to achieve its previously announced 2022 financial targets.
A few days in Germany revealed an inconvenient truth about real-world applications of battery-electric and hydrogen-powered trucks.
In a Q&A, supply chain industry executives provide their thoughts on the Securities and Exchange Commission’s proposed climate disclosure rules that could put retailer pressure on fleets to share emissions data.
UPS has launched a program to offer one consolidated rate with no surcharges. However, experts said shippers may end up paying more compared with the traditional pricing plan.
FedEx will cut 11% of trans-Pacific flights, 9% of trans-Atlantic flights and 17% of Asia-Europe capacity.
FedEx announces a 6.9% tariff rate increase for all of its services except LTL.
Just a few days after the state of California tried to keep OOIDA out of the ongoing AB5 case, a judge has let the group in.
Reliance Partners’ Brian Runnels wades through the weeds of the driver pay debate.
Federal regulators are considering a proposal first ordered by the Obama administration that could change how trucks undergo safety inspections.
Two zero-emission-vehicle initiatives were announced at a meeting of the Intermodal Association of North America, just about the time the state was releasing its Clean Fleet rules.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
A federal judge has ruled that Rhode Island’s “RhodeWorks” toll system discriminates against trucks and is unconstitutional.
For many carriers, the rapid adoption of technology has sparked skepticism and reticence.
A majority of Arrive’s shipments are being automated at multiple touch points.
California is pushing back against the Owner-Operator Independent Drivers Association’s attempt to become an intervenor in the ongoing CTA lawsuit over AB5.
Neither an “intervention” nor changing social media passwords deterred Trevor Milton’s social media frenzy, Nikola’s CEO testifies .
Federal regulators will use a simulator experiment to assess driver distraction in automated trucks.
Jason Seidl of Cowen says that slowing consumer and industrial activity will be felt in third-quarter results.
Infinium will provide Amazon with enough electrofuels to power its fleet approximately 5 million miles a year.
R2’s LTL service is designed specifically to service small-medium-sized shippers – bringing well-rounded expertise in one platform that gives shippers the same advantages of a large shipper.
Associations have come together on supply chain issues in California to form the Goods Movement Alliance.
Nikola CEO Mark Russell testified in Trevor Milton’s fraud trial that Milton went on a publicity “blitz” to attract retail investors.
Rural states top the latest list of riskiest states for truck accident fatalities.
A ShipMatrix report says delivery capacity will average 110 million parcels per day, while demand will average just 92 million parcels.
The ports at Houston and Corpus Christi, Texas, continue to see monthly cargo growth from oil and steel shipments.
FMCSA requires annual checks on a truck driver’s motor vehicle record. But doing that can leave gaps and potentially allows drivers to remain on the road when they are no longer eligible to drive a CMV.
Daimler Truck is using exclusive battery chemistry to boost the range of its next long-haul electric truck beyond 300 miles.
This week in Borderlands: Tesla proposes $375M lithium refinery for EV batteries in Texas; PGT Trucking expands border operations; Lineage Logistics signs lease at Houston ColdPort; and Otay Mesa port of entry receives $150M federal grant.
Some companies are misleading consumers when it comes to sustainability. How do companies making real progress avoid it?
This week: A Georgia driver fighting for more women in the industry receives a renovated cab from Transfix, and a safety nonprofit teaches pedestrians and drivers about the dangers of trespassing onto train tracks.
FedEx says weak international demand was the issue behind its fiscal first quarter pre-announcement. But the signs point to company-specific deficiencies.
On demand on WHAT THE TRUCK?!? J.B. Hunt’s Shelley Simpson on the road to becoming president, rail strike and more. Plus, Redwood, FreightVana, OneRail
Former Celadon executives that are being sued by TA Dispatch have won a request to have the case moved to Delaware.
A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.
Drivers and trucking companies seeking flexibility from work rules can expect full attention from federal regulators.
FedEx has pulled its guidance a week before releasing first-quarter results. The company reported a $572 million year-on-year decline in FedEx Express’ operating income as macro weakness and higher costs took a toll.
Western U.S. truckload carrier Super T Transport announced it has been sold to Austrian transportation and logistics provider Berger Logistik.
Reliance Partners’ Robert Kaferle explains why it’s important to bring your driver and dispatcher together more often.
A federal appellate court has upheld the conviction of ex-Roadrunner Transportation Systems CFO Peter Armbruster for his role in a securities and accounting fraud scheme that cost shareholders $245 million.
Senior executive says “strategic assets along the supply chain are a key part of Hapag-Lloyd’s Strategy 2023.”
A nationwide rail strike has been averted as the railroads and unions have reached a deal.
USA Truck said Thursday it has been sold to German 3PL DB Schenker.
A payout from the bipartisan infrastructure law nets $37.6 million for facilities in Florida and Tennessee.
AB5 was the topic of an IANA panel discussion, with compliance through brokerage seen as a leading option for trucking companies.
FedEx Corp. announces most U.S. shipments must be tendered by Dec. 14, one day earlier than last year’s deadline, if they are going to arrive in time for Christmas.
Cass data shows freight volumes reached a more than four-year high in August. But linehaul rates slid for the third straight month.
Just two years after acquiring Kuebix in a $200 million deal, Trimble announced it will entirely shut down the TMS provider by the end of 2025.
Less than 6% of all truckload shipments in the U.S. are currently being rejected.
The MerQube FreightWaves Supply Chain Tech Index is introduced.
Does a comfy ride that resembles what they drive off duty keep a truck driver happier? OEMs seem to think so.