The key to strong relationships can be augmented by finding companies that are willing to share in the inherent risks that come with moving inbound and outbound freight. Relationships and good risk management strategy do not exist to absolve one party of responsibility, shifting blame onto the other.
In its Q2 earnings announcement Wednesday, GM said it would leverage its BrightDrop business to help it launch a full-size electric cargo van and medium-duty truck.
Yellow says it is making progress toward its unified transport network strategy.
Trimble’s Q2 revenue totaled $945 million, up 29% year-over-year.
The Department of Energy’s Earthshots Initiative is allocating $52.5 million for clean hydrogen R&D.
Fleetcor is “finally moving past [its] pre-pandemic baseline,” Chairman and CEO Ron Clarke said during the earnings call.
Houston-based Patriot Transit is a flatbed carrier serving customers on the Gulf Coast and in the southwestern U.S.
The total number of stops was down this year from 2020. Other violations besides HOS were fairly steady as a percentage of all citations
The last time demand was this high for new Class 8 trucks, fleets placed record orders. Not this time because manufacturing capacity is limited.
A trucker could face prosecution after U.S. border officers say they found nearly 70 pounds of cocaine in a trailer full of watermelons and peppers she was hauling to Canada.
Carriers have held back on physical plant investments. Now with volumes and profits escalating, CapEx levers may start to be pulled.
XPO Logistics said it will be closing a distribution center in San Antonio.
Cummins beat analysts’ Q2 estimates on the top and bottom lines as it looks into making its filtration business a stand-alone entity.
The latest guilty plea brings the total to 26, with four of them in just the past seven weeks.
The Texas-based flatbed and specialized carrier raises 2021 full-year guidance for revenue of up to $1.6 billion.
Confident that the indictment of founder Trevor Milton won’t lead to legal trouble, Nikola focuses on supply challenges.
The long time board member had been interim chief since early this year
14% of carriers polled said they don’t understand what a 3G sunset means for their fleets.
The increase in the benchmark comes even as commodity markets experience another Monday dip.
Diesel sales were up 21.2% from last year, but were less profitable on a per-gallon basis
A 3-judge panel was ready to rule on the carrier’s appeal, but a larger group of judges will now render an opinion.
A federal jury found former Roadrunner Transportation Systems CFO Peter R. Armbruster guilty on four counts of violating federal securities laws in a $245 million securities and accounting fraud scheme. It acquitted two former controllers of Roadrunner’s truckload division.
Market leader Daimler Truck expects to be its own entity by the end of the year after Daimler AG votes to create two companies.
The company’s earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020’s second quarter.
Trucking fleets that still use pen and paper to meet their recordkeeping requirements are adding unnecessary costs and complexity, and upping the chance of a recordkeeping violation during an FMCSA audit.
“The fix wasn’t sitting on a shelf,” Tennessee Department of Transportation Commissioner Clay Bright said about the Hernando de Soto Bridge repairs that started in mid-May.
Canada is reopening its borders to vaccinated Americans. AskWaves explains why this will help fuel demand for freight in the hospitality sector.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: More investment, manufacturing jobs for Mexico; new 3,000-acre logistics hub for Texas; TUM Logistics acquires 110 Kenworth tractors; and CBP seizes 6 kilos of DMT en route to Arkansas.
Lawmakers controlling the purse strings in Congress urge FMCSA and NHTSA to take action on their safety directives in 2022.
Can Brad Jacobs lift the conglomerate’s discount off of XPO’s back and still maintain its non-LTL businesses?
Governors have the ability to waive federal law for 30 days and four recently have taken action and cited the lack of truck drivers.
It is impossible to predict exactly when an incident will occur on the road. It is possible, however, to have a predictable system for processing safety issues and handling corrective training, driving down the odds of the same types of issues continuing unchecked.
The Federal Motor Carrier Safety Administration has declared a North Carolina man an imminent hazard after commercial vehicle inspectors stopped him three times in three states in February and March and placed him out of service. FMCSA said he didn’t possess a valid CDL and containers of alcohol were found in his truck cab.
Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after Consolidated Glass Holdings Inc. and its subsidiaries — J.E. Berkowitz, Shaw Glass Holdings and Columbia Commercial Building Products — shuttered operations and filed Chapter 7 bankruptcy in mid-July.
USA Truck reported second-quarter net income of $4.2 million, after reporting a loss of $900,000 in the same period a year ago.
TCA firmly believes the trend of California-specific legislation becoming the national standard must end.
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
Also on this week’s podcast: A shoutout to fuel surcharges.
The past week in images features train cars used to fight fires, a wreck caused by a dust storm, a trucker who flipped in floodwaters and more.
Shipping and fulfillment costs continue to escalate at double-digit levels.
The Omaha, Nebraska-based transportation and logistics provider reported second-quarter adjusted earnings of 86 cents per share.
Forward Air posts a quarterly record for operating income and revenue in the second quarter.
‘Today’s government actions are against Mr. Milton individually, and not against the company,’ Nikola said in a statement.
The trucking industry’s issues with driver availability along with customers’ commitment to sustainability are factors that could support growth for intermodal beyond 2021 and 2022, executives said during Hub Group’s earnings call on Thursday.
From a COVID outbreak to supply shortages, Workhouse Group has repeatedly missed production targets.
FreightWaves meteorologist Nick Austin and Reliance Partners’ Brian Runnels urge the industry to hunker down in August and September — hurricane season’s peak months.
Wall Street investors liked what they saw in the company’s earnings, pushing the stock up by more than 8%.
“Our logistics segment has been thriving and growing, including contract logistics and port services, with the largest contributor being brokerage,” says Schneider CEO.
As Wabash National streamlines its business, the trailer manufacturer will convert reefer capacity to add 10,000 dry vans in 2023.
The numbers that the company is getting on its used tractor and truck sales is outpacing the assumptions in last year’s big inventory writedown
One aspect of the decision that may stick is a clear ruling that owner-operators on a lease are independent contractors, not employees.
The company posts solid numbers for its transport and logistics units as the logistics business prepares for trading on Monday as a spun-off entity.
Management has raised full-year revenue guidance to $3.45 billion-$3.55 billion.
Truckload carriers’ “spillover” freight ties up LTL capacity during unprecedented times, Old Dominion executives said.
XGS hopes the merger of the two companies will strengthen its overall operational footprint.
The recent chip shortage crisis isn’t helping matters.
Based on a FreightWaves survey, these are the mobile weather apps that truckers like the best while on the job.
The key profitability metric comes in 550 basis points below the company’s 2020 results.
Nearly 80% of the nation’s freight moves through Chattanooga, due to the convergence of three major internates: I-75, I-24 and I-59.
A trucking company mishandled an employee’s harassment complaint, leading to a termination and ultimately a large jury award against the company.
The Tuesday deadline imposed by K-Ratio to sign its universal settlement agreement or face legal ramifications passed without a consensus for the 34 trucking companies that participated in its fuel hedging program. The Chicago-based company abruptly shut down its fuel futures program in late June.
Federal prosecutors filed a motion Tuesday requesting the court dismiss all charges against ex-Pilot President Mark Hazelwood and two former sales team executives, Scott Wombold and Heather Jones. In October, a federal appellate court overturned Hazelwood’s conviction.
Peterbilt, Kenworth and DAF Trucks are sold out globally for 2021 as the global semiconductor shortage leaves 6,500 trucks awaiting parts.
TFI International’s hard line on unprofitable UPS Freight legacy business is helping accelerate the LTL carrier’s turnaround – and it’s just getting started
Tesla is delaying production of its battery-powered electric Semi until 2022 because of a shortage of batteries, threatening its first-mover advantage.
Dismantling highways to repair social damage may have consequences for the supply chain.
Strong second-quarter results give way to second-half volume growth concerns. An analyst calls the share sell-off “overdone.”
Pollution credit sales are less of a factor as vehicle profitability at Tesla shifts to overdrive in Q2.
The 12-week run of increases added 31 cents to benchmark price from its starting point.
TFI International beats analysts in the second quarter as its U.S. LTL division left its days as UPS Freight in the dust.
The Truckload Carriers Association has partnered with LaunchIt Public Relations to promote the trucking industry.
Cummins is working with Air Products to convert about 2,000 trucks fore the world’s largest maker of hydrogen. gas
The new law has some changes for smaller trucks but larger trucks are facing tight restrictions.
Americans were expected to divert disposable income away from goods as the economy reopened to travel, lodging and entertainment. It isn’t happening, most observers say, and the supply chain implications are profound.
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US agricultural exporters experiencing shipping container crunch; TForce Logistics expands last-mile delivery in Texas; Dachser expands operations in Arizona; and TexAmericas Center to expand rail service.
FMCSA urges truck drivers affected by the Philips recall of nearly 4 million CPAP or BiPAP machines “to work with their medical providers to find alternatives wherever possible — and for CPAP manufacturers to provide all available assistance to drivers impacted by recalls.”
Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.
Also on the podcast: the current roller coaster in diesel prices.
Truck Talk is a weekly newsletter offering perspective and context behind news in the trucking industry.
The past week in images features huge Western wildfires, devastating floods in Colorado, a successful emergency airplane landing and more.
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
USX’s CEO Fuller says Variant division is near the ‘inflection point’ for the new initiative having a bigger impact on profitability.
Covenant Logistics Group beat second-quarter earnings expectations and said the second half of the year is likely to produce stronger results.
The $2.25 billion deal is a “game-changer” and a “monster deal,” according to FreightWaves experts.
Reliance Partners Director of Safety Robert Kaferle explains the importance of proactive safety amid a high-risk environment.
Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns. […]
USDA is making $200 million available for timber haulers hit by the pandemic in 2020.
With capacity tight across the board, difficulty in sourcing reefer trailers may spill into other segments as produce season continues.
The Biden administration wants to reduce reliance on China for critical rare earth materials.
Covenant Logistics Group reported a better-than-expected second quarter as freight demand remains elevated and capacity is in short supply. The company said the favorable conditions have carried into the third quarter.
Canadian trucking and logistics firm Mullen Group reported strong growth in the second quarter from a combination of a robust freight market and acquisitions.
Freight broker Landstar System sees continued strength in consumer spending push freight demand higher during the second quarter. The company posted its best quarterly results ever Wednesday after the market close.
The report is for a company that is about to undergo yet another change, with HubTran now in the fold.
Skyrocketing prices for late-model used equipment bring older, less attractive used trucks to auctions
Daimler Truck sold more vehicles in Q2 than the previous quarter but warned that supply shortages threaten second-half financials.
“Truckload detention is the last dark corner of the trucking industry, so we built a big flashlight.” That flashlight will shine bright on Thursday when TCA hosts a virtual workshop addressing the issue.
Knight-Swift Transportation beat second-quarter estimates and raised its full-year guidance to include the favorable operating environment in addition to accretion from recent acquisitions. However, the improved outlook includes the expectation for continued cost headwinds around labor.
Ratings agencies’ reviews don’t reveal profitability levels, but they do provide a window into some private company metrics.
Is this the start of more union representation at XPO or just a head fake?
