Trucking

Small fleets file for Chapter 7 bankruptcy in April

Saia’s multi-year terminal expansion project drives earnings results well ahead of expectations.

Ford has invested $500 million in Rivian and participated in the startup’s $1.3 billion investment raise in 2019.

Resilience360 recently released reports analyzing the impact of COVID-19 on trade between the United States, Canada and Mexico.

Terms shorten to 3-4 years from 5-7 years.

Favorable customer mix to make Werner’s truckload model a little more defensive through the downturn.

The move comes as companies race to ramp up last-mile delivery in wake of coronavirus pandemic

Werner believes its consumer-heavy shipper base will allow the company to ‘more effectively manage through’ the downturn.

Regulatory guidance is expected to be significant to American shippers facing container availability charges from carriers and marine terminals during COVID-19 pandemic.

Cummins saw a tough environment for most of its segments in 2020 before the word pandemic became common. Now it is depending on its collective experience in managing bad times to pull it through again.

UPS faces economic and other challenges in the wake of COVID-19.

Comparisons to other recent declines show a much slower slide at the pump.

“Transplace’s customers expect us to dig in and do the research that matters most to their business, and we deliver,” said Transplace Vice President of International Services Mollie Bailey.

Covenant continues to reshape the company in efforts to better focus on contract logistics and improve its financial structure.

Canadian carrier Day & Ross is testing a hydrogen-injection engine technology that is said to reduce emissions. Plus, New York City is closing roads, ecommerce booms, and USMCA trade deal delayed

Revenue and profits look bleak for second quarter, but leading engine maker Cummins surprised analysts with better-than-expected first-quarter revenue and profits.

Drones have taken on added importance with the coronavirus pandemic, offering ways to do tasks faster and without dangerous physical contact.

The smallest of the standardized ocean containers in the global fleet remains ideal for dense, heavy agricultural goods, forest products, and machinery shipments.

78% of truck drivers posted positive comments regarding their morale, with many thanking carriers for supporting them, in the latest sign that carriers are effectively supporting their drivers.

Charging-as-a-service startup AMPLY Power raised $13.2 million from institutional investors Soros Fund Management and Siemens USA as it expands electric infrastructure management to commercial trucking from transit buses

Global freight forwarder attributes most of the 23.2% year-over-year first-quarter earnings drop to impact of COVID-19 pandemic .

As states begin to reopen their economies, leading retail trade groups urge the opening of all distribution centers and implementation of a three-phase reopening strategy.

Agency wants state agencies to step up enforcement of CDL and CLP holders.

The COVID-19 pandemic has created the need for social distancing, even while working. For the freight industry, the adoption of autonomous vehicles might be a good start.

C.R. England has continued the tradition of its One Initiative, announcing it has not donated more than four million meals to food banks since 2018. Plus, New York truckers face longer wait times, Tyson Foods warns to meat shortages and retailers push for uniform reopening plans.

A CFO, government affairs VP and two life science sales directors are hired and a Florida Customs Brokers & Forwarders Association board appointment is announced.

President Donald Trump’s April 18 executive order aims to provide additional economic support for supply chains and manufacturers during the pandemic.

Moseley Marcinak review some legal trucking issues arising from COVID-10.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nuvocargo raises $5.3 million for cross-border freight operations; Nogales importers donate free produce to the community; cargo at Mexico’s seaports decline during the first quarter; CBP seizes 352 pounds of marijuana at Santa Teresa port of entry.

As a plunge in freight volumes and rates take a toll, Canada’s trucking industry seeks relief on payroll taxes to hold on to precious cash.

Drury Hotels is offering hotel rooms for $59 for truck drivers, including two meals, at its 150 locations during the coronavirus outbreak.

Volumes up slightly week-over-week

Trump signs bill carving out $60 billion in loans specifically for smaller community-based lenders.

Companies across the Lone Star State have made another wave of job cuts with 3,000 more workers losing their jobs.

After enormous drops, the data is pointing green.

Farms of major row crops like tomatoes or potatoes are usually highly mechanized and could escape the wrath of COVID-19.

Revenue per hundredweight is suffering as a result: CFO

“More work to do” as FMCSA closes in on 900,000 total registrants.

Daimler AG revealed difficult first-quarter results, removing mystery from next week’s earnings report, which shows all segments struggling, including its truck manufacturing business.

Even as states reopen, there is too much uncertainty ahead to predict boom times returning, but there is finally some optimism appearing.

The online auction from Ritchie Bros. attracted 8,600 bidders from 62 countries using the Ritchie Bros. mobile app.

Can the CARES Act help transportation-supply chain companies during the pandemic? Kayla Matthews explains why the answer is “yes.”

Declines in trucking shipments and spend, current and future, highlight the takeaways from U.S. Bank’s first-quarter Freight Payment Index report.

Frayt, a Cincinnati-based tech startup, expands service to address uptick in home deliveries

Brian Aoaeh interviews CEOs of several supply chain tech startups about their status during the pandemic.

Landstar has seen volume declines accelerate in recent weeks and management believes that a recovery is unlikely until the automotive and building products segments resume activity.

As the COVID-19 crisis deepens, it is critical for logistics workers to make sure they stay safe as they continue to keep the economy running.

“We expect that more shippers will shift from just-in-time supply chains to just-in-case supply chains,” U.S. CEO Mark McCullough said.

Other metrics helped the LTL carrier post a new record.

Relaxed regulations and insurance payment relief are certainly helping truckers, but many are also changing their mix of freight to insulate revenue.

Transportation invoice volumes fall 7.5% for payment services provider Cass Information Systems.

Heavy-duty truck maker AB Volvo saw business seize up in mid-March but exited the quarter with lower but still positive sales and profits.

Jason Bates will fill the vacant CFO role at Daseke after three years in the same role at USA Truck.

Perry sees slow recovery in volumes but sharp drop-off in available trucks and drivers.

The food supply chain is in peril as meat plants close and truck drivers struggle to find good-paying freight amid coronavirus.

Daimler Trucks and Volvo Group will work together on hydrogen fuel cell technology for heavy-duty trucks, a pursuit both companies have previously shunned in favor of battery electric propulsion.

Ike has laid off 14% of its staff

The largest manufacturer of heavy-duty trucks puts worker protections in place as it tries to make up for production lost to the coronavirus pandemic.

Landstar System calls attention to its variable cost model as first quarter falls short of expectations. No guidance issued for second quarter.

Even though crude oil prices are collapsing, truckers will see lower prices at the pump, but maybe not historically low prices.

Convoy and FourKites announced new dashboards and emissions-reduction tracking tools to help shippers identify their environmental footprint.

Container equipment shortage exacerbated by COVID-19 pandemic stresses upper-Midwest soybean exporter trying to fill his springtime customer orders to Asia.

Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.

Aperia has launched a virtual training and support program for its tire inflation system to help fleets continue proper tire maintenance. Plus, diesel prices drop, Werner president talks trucking, and Earth Day brings somber reminders.

Charger Logistics recently became one of the first U.S. companies to install an HW’Intrawash autonomous trailer cleaning unit from Istobal for its facility in Laredo, Texas.

Canada’s largest transportation company reveals cutbacks as it reports a 16% jump in profits during the first quarter.

Manhattan Associates first quarter was well ahead of expectations. Management lowered guidance, but believes that this downturn will be shorter in duration.

Canadian truck driver Nicole Folz learned that she tested positive for COVID-19 two weeks after falling seriously ill during a cross-border run in the US.

One adviser said he is processing “thousands” of applications.

Market share gains, growing order backlog and record sales of parts buoy truck maker PACCAR despite lower first-quarter revenue and profits

Prologis reports solid first quarter, but reels in guidance on COVID-19 headwinds. An uptick in demand is not likely until a vaccine is discovered.

Customer service (in many forms) is the key to keeping and/or expanding business during the pandemic.

On road to recovery, Nicole Folz raises money to get more personal protective equipment in the hands of fellow truck drivers.

Heartland Express’ better than expected result was diminished by the lack of gains on equipment sales.

Mike Abbott of ATS LLC has his trucks towed, regardless of where they wreck, to Fitzgerald Collision and Repair in Livingston, Tennessee.

PACCAR Inc. posted decent first quarter earnings despite shuttering its plants in late March because of the coronavirus pandemic. While truck orders cooled, parts sales set a record as the truck maker tries to build on 81 consecutive profitable years.

Many shippers believe a TMS will streamline their operations and lead to greater profit. It is just one piece of the puzzle, though, that also includes freight auditing, benchmarking, and procurement strategies.

Documents will now be automatically scanned, categorized, grouped, and audited by HubTran, before being assigned to the correct load on the FMS platform.

Network Management Center enhancement improves connectivity and automation

A group of 75 owner-operators said they were protesting broker fees and high maintenance costs.

Businessman Bob Mericle says he wants to do his part during the coronavirus pandemic by offering free truck parking at his 15-acre, 400-space lot in Strafford, Missouri.

Temporary change could leave carriers vulnerable to disqualified drivers.

Identifying the packages that come in contact with infected individuals in the supply chain is vital to reduce the pandemic’s spread.

Sources say TQL postponed the start date of nearly 200 of its 400 new hires, citing the economic downturn and COVID-19.

The duty deferment applies to qualifying importers facing “significant financial hardship,” Customs and Border Protection said.

Two Swedish companies have formed a joint venture designed to provide supply chain end-to-end visibility down to the product level. Plus, more cash on the way for small businesses, auto inventories are clogging ports, and truck weight exemptions are being extended.

By partnering with analysts from both FreightWaves and DAT Solutions, event attendees on April 23 will have access to three sessions rich with fresh data.

Radio frequency identification has matured in terms of its cost effectiveness and efficiency over the past decade, the company says.

Group says more coordination needed to address insufficient supply of masks, hand sanitizer.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Avocado imports from Mexico fare well during pandemic; Caterpillar’s Texas distributor building new factory; General Motors to make masks in Mexico; new logistics app aids supply chain.

Citing economic challenges tied to the coronavirus pandemic, as well as the need to focus resources toward targeted business units, Southern Refrigerated Transport (SRT), a solo-driven reefer subsidiary of  the […]

From quarantine, Canadian truck driver Nicole Folz recounts the scary reality of falling seriously ill hundreds of miles from home during a less-than-truckload run in the United States.

CEO pay wlll be down 50%, other execs down 20% from May through July.

Volumes still searching for a bottom.

Companies with layoffs include Step Energy Solutions, Pioneer Frozen Foods, Zachary Industrial-LyndellBasell, Turner Industries and UTLX Manufacturing.

Sector makes up 3% of $342 billion worth of COVID-19 payroll protection loans.

With the belt tightened at YRC, a covenant waiver and benefits contribution deferral are still required.

Company was also nominated in three other categories.

Short-sea shipper says economic impact of COVID-19 has forced service disruption and employee layoffs.

Order cancellations and only essential replacement bookings dropped new trailer orders to just 6,500 units in March. Separately, Wabash National announced a two-week suspension of production and cash-conservation moves.