Fuel card provider WEX Inc. continues to see gradual sequential improvement but at a pace below analysts’ expectations. The company’s fourth-quarter result was slightly below expectations and its first-quarter revenue guidance disappoints. Shares are off 4% in early trading.
Jonathan Kingsman wrote a book that uses as its jumping-off point the view of the market first published in 1979 in the classic book “The Merchants of Grain.” He talks about how much agricultural markets have shifted since then.
Kuehne + Nagel will become the top global air and ocean freight management company when it completes its purchase of Hong Kong’s Apex Logistics International.
In today’s edition, we highlight a big announcement by Daimler, significant money raised by an insurtech startup and another encouraging sign for the future.
A legal battle is brewing in Texas over an insurance payout to the mother of one of the victims killed in a fatal truck crash involving the truck driver for Josiah’s Trucking of Edinburg, Texas.
Kuehne + Nagel is on a mission to get bigger in Asia. Two deals this week in China are helping to make that possible.
Workhorse Group shares tanked after the U.S. Postal Service awarded a 10-year contract to Oshkosh Truck Corp. to modernize the aging mail delivery fleet.
Consumer Brands Association study calls for establishing a federal Office of Supply Chain to coordinate public-private strategies.
The e-commerce shipping platform said it is now valued at nearly half a billion dollars.
Nicholas Cogan, director of international e-commerce at Walmart International, discusses omnichannel last-mile delivery and challenges created by increased demand for e-commerce and home delivery.
Kevin Walker, president of Accentrics Home, and Doug Ladden, co-founder and CEO of Deliveright Logistics, talk about challenges and best practices for the heavy-goods logistics industry.
CFI’s facility in Laredo, Texas, has 6,000 square feet of office space on a 40-acre lot, including a staging and transloading area for cross-border Mexico freight.
Kris Bjorson, JLL’s executive brokerage director, discusses the market for B-to-B last-mile real estate.
Nikola lays out plans for hydrogen-powered fuel cell trucks but offers nothing new on customer reservations.
Driver turnover is consistently ranked as one of the biggest – and most buzzworthy – problems facing carriers. Research suggests that the solution may be threefold: more home time, higher wages and better treatment.
Write-offs for the quarter are better than even the strong freight market of 2018.
Cummins will build a plant within a Daimler complex in Germany and become the sole supplier of medium-duty engines for the truck maker globally.
Certified B Corporation Flock Freight raises the bar with a commitment to offset carbon emissions from FlockDirect shipments for customers.
Jon Gold, the vice president of supply chain and customer policy with the National Retail Federation, sits down for a fireside chat withWeston LaBarof the Harbor Trucking Association to discuss the backup in the port of Long Beach/Los Angeles.
Geodis’ Jeff McDermott joined FreightWaves to talk about challenges that parcel carriers are facing and lessons learned from the pandemic.
Industry expectations surrounding information access and transparency have grown. Qualified IT professionals are required to meet these new demands.
XPO is known as a digital broker that collaborates with its customers to develop innovative technologies.
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, we highlight the top 10 Biden appointees in the freight industry; a recall at Daimler; growth plans at Yellow Corp.; and big news in the tire industry.
The manager of a small U.S. trucking company recounts the harrowing experience of a ransomware attack and the troubling breach of its transportation management system.
After news surfaced Monday that Wayne, Michigan-based Rush Trucking had shuttered operations, a Lavalle employee confirmed to FreightWaves that the automotive parts hauler had been sold to rival carrier LaValle Transportation, headquartered in Potsdam, New York, in December.
Greater Philadelphia’s near-invisible vacancy rates paced the logistics real estate market’s 2020 gains.
U.S. Customs and Border Protection (CBP) seized a shipment of cereal from South America that was covered in cocaine instead of sugar.
With medium- and heavy-duty trucks already using its electrified chassis, Xos Trucks will have $575 million to scale its business following a SPAC merger.
Loans so far in PPP round two that go to the trucking and warehouse sector are about the same percentage of all loans as in the first round.
Regulators give Wilson Logistics more flexibility for CLP holders participating in revenue-generating freight.
Goodyear is buying Cooper Tire in a $2.5 billion “transformational” deal.
With the need for qualified drivers on the rise, less-than-truckload carrier Yellow Corp. announces plans to hire 1,500 drivers and open new academies in 12 locations across the country.
Andrew Lockwood, senior manager of solutions design at Suddath Global Logistics, discusses last-mile logistics strategies for manufacturing companies.
XAct Solutions Director of Supply Chain Jamie Dixon discusses the need for brands to utilize technology in last-mile logistic strategies.
After a successful pilot program, Walmart associate groups are funding an MIT course on supply chain management.
On Wednesday, the company reported Q4 earnings and 208% of year-over-year growth.
Daimler Trucks North America is recalling M2 Business Class trucks. A transmission fluid leak can slicken roads and increase the risk of a crash.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Winter freeze devastates Texas produce industry; $100 million industrial park to be built near U.S.-Mexico border; USITC determines blueberry imports don’t harm U.S. growers; and CBP seizes marijuana worth $1.1 million.
Nova Scotia-based Seaboard Transport will acquire fellow trucking company Armour.
A $250 million e-commerce- and transportation-focused SPAC was filed Friday. Logistics industry veteran Dick Metzler is behind the deal.
In today’s edition of The Daily Dash, freight rates continue to rise. Plus, FMCSA has asked for a delay in a lawsuit seeking to roll back HOS rules, and Haul is attracting some of the most prominent names in the industry as investors.
Tender rejections see a massive spike.
While the opinion letters don’t have the force of law, they do suggest which way the new administration will go in classification of compensation issues
Washington appeals court asked to place in abeyance HOS review for 60 days due to the new administration.
Uber recently sent out a white paper on its views of compensation and other benefits for its drivers in Europe.
A former accounting employee of a New Mexico-based trucking company pleaded guilty in federal court to embezzling more than $1.1 million from her employer over a seven-year period.
Ryder CEO Robert Sanchez gets two opportunities to talk about the company’s outlook, in an earnings call and at a Citi conference.
On-demand driver platform Haul has attracted a diverse group of investors as it looks to disrupt the CDL staffing industry.
In today’s edition of The Daily Dash, Werner expects the winter weather to impact Q1 earnings. Plus, J.B. Hunt and Google are teaming up for product development, and Walmart will invest billions of dollars in e-commerce.
Hydrogen-powered fuel cells always seem to be five or 10 years from a meaningful presence on the transportation stage. That may finally be changing.
The California DMV alerted customers to a possible data breach involving one of its vendors. Jason Feldman of AFTS confirmed the ransomware attack but couldn’t comment on the group behind it, how much money the hackers requested and whether his company paid.
Driveline and thermal management supplier Dana Inc. has $700 million in new business from auto and truck makers. Half of it is in electrification contracts.
Cass freight data released Thursday shows a huge surge in freight spending with solid growth in shipments. The report indicated that 2021 is unlikely to produce the “rate relief” to shippers that 2019 provided.
It’s hard to predict when and where ice will strike, but the magnitude of such events can be mitigated. Reliance Partners’ Brian Runnels explains why it’s imperative that drivers slow down and increase their following distance during adverse conditions.
Using domestic reloads and street turns are among Blume Global’s strategies to reduce empty miles and emissions.
Texas announces suspension of natural gas exports to Mexico until Sunday.
Walmart shares drop hard as investors focus on lower-than-expected fiscal year 2021 fourth-quarter results and uninspiring FY 22 guidance.
Combining Hunt’s data and Google’s tools will yield differentiated service offerings.
Ascend focuses on smaller carriers and shippers, which now will have greater visibility into what Uber Freight has to offer.
Daimler Trucks sales dropped 8% in Q4 alone as parent company Daimler AG prepares to spin off the unit into a stand-alone company.
Fuel haulers are getting relief from hours-of-service rules as a winter storm moves into the Northeast.
In today’s edition of The Daily Dash, a proposal to detect drug use through hair testing faces an uphill climb in the Biden administration. Plus, Mississippi mulls a truck parking solution, and the Postal Service is raising rates.
Kenworth delivered two natural gas-powered T680 hybrid electric trucks to a fleet for drayage testing in California. They are the first and likely the last.
Werner Enterprises modestly lowered earnings expectations for the first quarter of 2021 due to downtime caused by recent winter storms. The company expects no change to the tight capacity dynamic for some time.
You’ve probably flown in a Boeing 737-800, a next-generation variant of this popular 737, but when they are put to pasture they become valuable assets for all-cargo airlines. ASL Airlines in Europe is snapping some up and converting them to freighters.
Reliance Partners announced Wednesday it has acquired Borderless Coverage, an insurance agency focused on the U.S.-Mexico commercial transportation and logistics industries.
Several Latin America-focused freight and logistics-related startups have recently secured more funding, including Mundi, Jüsto and Valoreo.
Canadian trucking and logistics company Fastfrate Group beefs up its cross-border e-commerce business by acquiring third-party logistics provider ASL Distribution Services.
The rate increases could generate needed revenue and profits, but they may narrow the price-service gap between the Postal Service and its rivals.
David Owen West pleaded guilty to fraud and money laundering in federal court, admitting he orchestrated an elaborate scheme to defraud his former employer, Petco Petroleum Corp., out of more than $400,000.
Autonomous vehicle startup Gatik has announced it will deploy electric trucks as part of its autonomous testing in New Orleans with partner Walmart.
In today’s edition of The Daily Dash, diesel prices may start rising as the refineries had to shut down because of the winter weather down South. Plus, the activist investors pushing for change at Forward Air are not thrilled with the latest news from the company.
Appearing at an investor conference, J.B. Hunt CEO John Roberts said this year’s intermodal bid season will go a long way in determining whether the company curtails the division’s margin target.
Proposed mandatory guidelines to hair test for drugs could change — or see a lengthy delay.
With the coming independence of Daimler Truck from Daimler AG, the North American subsidiary gets a new CEO when Roger Nielsen retires in April.
Amazon is an e-commerce rocket ship. Making those deliveries possible is Amazon Air, which is growing so fast it could make it possible for more people to receive orders within a day.
State-by-state permission to park overnight at weigh stations isn’t consistent across the country.
Consumers do not want their new exercise equipment delivered to their door. They want it unboxed, assembled and ready to use inside their homes. A good final-mile partner makes that possible.
FreightWaves’ interviews are sure to spark discussions among industry insiders.
BorgWarner continues to build up its portfolio for commercial vehicle electrification with the $880 million acquisition of European battery maker AKASOL.
The activist investor group seeking changes at Forward Air said the company’s recent results and guidance are “substandard” in a letter to shareholders. The group also asserts that Forward was “disingenuous” in the way it provided updates on fourth-quarter results, suggesting it was fearful of receiving other board nominations.
Carriers moving cross-border freight have not had the same access to loads as those moving loads within the U.S. Forager is working to change that.
In today’s edition of The Daily Dash, Old Dominion is the latest LTL carrier to announce a rate increase. Plus, SONAR data shows a freight market moving sideways, and Forward Air reaffirms its direction in spite of activist shareholder pressure.
Port Laredo finished on top of the rankings for U.S. exports for the second straight year, totaling $80 billion during 2020.
CenterPoint acquires Houston-area distribution facility while Genesee & Wyoming reports industrial development results for 2020.
Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.
Truck parking reservation platform TruckPark is adding more locations to its platform through a partnership with national parking provider ParkMyFleet.
Multiple truck crashes were reported in Texas and Oklahoma as a massive winter storm brings peril to roads across the region.
A fire that began inside an engine compartment at Kreilkamp Trucking in Wisconsin caused $1 million in damage after it engulfed a storage facility containing three trucks and bulk commodities.
Kenworth focused on fuel-saving aerodynamic gains and a driver-directed digital dash for a refresh of its T680 on-highway flagship.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Forager expands with Mexico hires; Moova expands into Mexican market; WeDo Logistics acquires Lone Star Overnight; and Mexican carrier acquires 160 Kenworth tractors.
Ongoing risks attributed to COVID-19 trigger a three-month extension to hours-of-service exemptions.
In today’s edition of The Daily Dash, C.R. England sues a law firm involved in a staged-accident scheme. Plus, XPO thinks 2021 is only going to get better, and Forward Air makes an acquisition and a divestiture.
Spot rates have increased for the first time in five weeks.
Ocean carriers as airlines? No one thought an online retailer would own a private airline until Amazon did it. The ocean carrier also owns a logistics company. You connect the dots.
General Motors is extending temporary shutdowns at three assembly plants, including one in San Luis Potosí, Mexico.
CEO Alain Bedard said renting out terminal space is a way to buoy TFI’s real estate portfolio.
A judge denied the request by truckload carrier Western Express to dismiss a lawsuit brought by a driver seeking meal- and rest-break pay.
Isuzu will launch new Class 6 and 7 low-cab-forward trucks later in 2021 with Cummins B6.7 engines.
Amid heightened scrutiny over the direction of the company, Forward Air’s management team defends its current strategy. Fourth-quarter results were negatively impacted by a December cyberattack.
