A transformed Triumph Bancorp talks its hot market and future in call with analysts
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
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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.
Reefer capacity appears to be easing in the contracted space, but spot rates appear to be as touchy as ever.
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.”
This week: Bestpass employees raise funds for diabetes research and DriverReach partners with behavioral software to reach nontraditional driver candidates.
FreightWaves examines the challenges of drayage logistics and the technology companies that are overcoming them.
A source says up to 35% of the workforce is being let go by parent company Solera in a massive restructuring plan to relocate positions to India.
Interstate Personnel Services announced the acquisition of Missouri-based dry van truckload carrier Transport Distribution Co.
Cargo was the good news for Air Canada in the second quarter as the company still struggles out of a pandemic hole.
A new research project from Bloomberg Second Measure found that Walmart is barely holding on to its lead in the grocery delivery wars as Instacart and others are quickly making inroads.
Also on the podcast: the current roller coaster in diesel prices.
Dooner takes a look inside the world of routing guides with FreightPlus CEO Steven Aborn.
Truck Talk is a weekly newsletter offering perspective and context behind news in the trucking industry.
Two leading drone associations agree with the NTSB regarding investigation of drone accidents, but they differ on what should trigger those investigations.
The past week in images features huge Western wildfires, devastating floods in Colorado, a successful emergency airplane landing and more.
STB Chairman Marty Oberman has sent letters to all the Class I railroads asking them how the railroads are applying storage fees at key container terminals while the supply chain is congested.
Truckers will keep hitting areas of low visibility, poor air quality and potential road closures due to dozens of Western wildfires (forecast video included).
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
Supply chain disruptions for international intermodal are likely to last through the end of the year, Union Pacific President and CEO Lance Fritz said during the second-quarter earnings call on Thursday.
USX’s CEO Fuller says Variant division is near the ‘inflection point’ for the new initiative having a bigger impact on profitability.
On this episode of Medically Necessary, Matt Blois looks at how the pandemic shifted the way researchers conduct clinical trials.
Covenant Logistics Group beat second-quarter earnings expectations and said the second half of the year is likely to produce stronger results.
Small businesses, schools and enthusiasts used 3D printers to make millions of PPE products last year, but the technology may be too slow to make a big difference going forward.
On this episode of Freightonomics, Anthony Smith and Zach Strickland look at the implications of Uber Freight’s acquisition of Transplace.
Blythe Brumleve looks at what it takes to put on a gold medal-worthy performance at the Olympic Games.
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. […]
ArcBest’s Jason Turner says the best supply chain providers are blending technology talent with logistics expertise.
A united transportation platform with 2 companies focused on either side of the carrier/shipper divide is seen as driving $2.25B acquisition of Transplace.;
Ghost freighters — passenger planes flying without passengers — were a big part of United Airline’s pivot to cargo during the pandemic. Now they are going away.
“She was in shock, in disbelief,” truck driver Trinidad Arebalo said about a woman he helped save from her burning car.
Convoy’s TMS helps Elanders maintain consistency and recognize who is performing best in certain lanes and rate shops.
Instacart will begin building microfulfillment centers with Fabric robotics to speed order picking in partnership with retailers.
USDA is making $200 million available for timber haulers hit by the pandemic in 2020.
Fusion Logistics says layoffs were caused by a large increase in insurance premiums.
CSX wants to come up with long-lasting strategies to hire talent so that it can ensure that it can grow capacity in the future, said CSX President and CEO Jim Foote during the company’s second-quarter 2021 earnings call on Wednesday.
E-commerce shipping company Sendle has reached a deal with GLS to handle last-mile shipments for its e-commerce customers in the Western U.S.
Union Pacific’s second-quarter 2021 net income grew 59% from a year ago to $1.8 billion amid a 30% gain in operating revenue.
With capacity tight across the board, difficulty in sourcing reefer trailers may spill into other segments as produce season continues.
Oregon’s Bootleg wildfire, the largest in the country, is almost as big as Oklahoma City, the eighth-largest U.S. city by area (forecast video included).
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.
An environmental report demands zero-emission shipping by 2030 and rejects LNG as an alternative, while urging more transparent emissions reporting.
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
The sale of property rights of CSX-owned line segments in Virginia more than doubled CSX’s net earnings for the second quarter of 2021 compared with a year ago. Net profit was $1.17 billion in the second quarter.
The chairman of the Federal Maritime Commission defends the lack of fines levied in 2020 while requesting a funding boost for 2022.
It’s not what the company typically does but “this market has created a lot of unique situations,” says SEKO exec.
Detecting severe storms often requires sophisticated equipment, but truckers can use their senses to make a close prediction while on the road.
Fetch Package has created a last-mile logistics solution to optimize deliveries to multifamily housing communities, eliminating the need for updated package rooms or lockers and increased staff to handle incoming traffic.
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.
Customers’ push to manage inventories will support rail volumes in the second half of the year, even though potential headwinds in the form of wildfires, supply chain congestion and COVID-19 loom.
You probably didn’t know that Greenland has its own airline. It’s a beautiful country and it could soon be easier to reach for travelers and businesses shipping freight.
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.
Lyft riders in Miami will be able to choose a self-driving car later this year through an agreement with Ford and autonomous-tech company Argo AI.
Fillogic’s microdistribution hubs are helping to rescue struggling mall owners.
Truckers will hit monsoonal storms and potentially flooded roads in the Desert Southwest through the weekend (forecast video included).
The cybercriminals who operate a dark web marketplace admit to hacking companies’ networks and stealing their data. But they say ransomware violates their moral code.
More than one-quarter of survey respondents expect a 20% annual increase in warehouse demand over the next three years.
Is this the start of more union representation at XPO or just a head fake?
United Airlines’ cargo division is one of the company’s biggest assets right now, with big returns again in the second quarter.
Medical gloves and gowns in the U.S. have been in short supply during the pandemic. Now HHS is researching ways to expand domestic production.
Hear from Deutsche Bank’s Amit Mehrotra about his current favorite stocks in the transportation industry on this episode of Great Quarter, Guys.
Sebastian Blanco and Grace Sharkey bring you a story of family triumph through hard times on this episode of Transmission.
Higher revenues propelled CN’s adjusted net income for the second quarter to grow by 16.5% to CA$1.06 billion.
The Federal Maritime Commission is auditing container lines to evaluate potential abuse of leverage against exporters.
Volvo makes no mention of the UAW strikes but smaller sibling Mack Trucks delivers more units in Q2 as the industry recovers from year-ago pandemic shutdowns.
It’s a double guest episode of Put That Coffee Down with Kevin Hill and Richie Daigle hosting Ocean Audit CEO Steve Ferreira and Omar Singh from Surge Transportation.
Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.
Kaylee Nix and Nate Skiver bring you some sound advice on how to get ready for peak parcel shipping season now instead of waiting for the holiday rush.
Less than six months after announcing a $43 million funding round, headless commerce platform Fabric has announced a $100 million Series B round.
“The Transfix team is extremely talented, but there’s a quality to the culture that’s got gumption,” said newly appointed CCO Sophie Dabbs.
Midwest Carriers announced the acquisition of alcohol transporter Osborn & Son Trucking for an undisclosed amount.
Fiscal year 2021 was a record year at the Port of Virginia, with an increase in loaded imports and volume growth for empty export boxes.
Warehouse space is more expensive than ever. In an environment where everyone is scrambling to claim their share of this finite resource, maybe the best strategy is not to use warehouse space at all.
UPS doesn’t want any hitchhikers on its cargo aircraft, especially pests like the Japanese beetle. Learn how the company thwarts them.
Walmart leverages ongoing supply chain investments to land a spot among the FreightWaves Shipper of Choice top 10.
JOKR, a 15-minute delivery platform that launched in New York last month and currently is in 10 cities globally, has raised $170 million in a Series A funding round.
Drought, gusty winds and dry thunderstorms will keep the risk of new wildfire development elevated in many Western states (forecast video included).
“Drayage is one of the biggest pain points for shippers right now,” said industry entrepreneur Andrew Leto.
Even as in-store retail sales return, e-commerce continues to grow, showing that 2020’s pandemic-induced spending spree was not a blip, but just a beginning.
J.B. Hunt Transport Services beat second-quarter expectations Monday. However, the back half of 2021 will depend on how well the railroads and shippers can improve their operations.
Hyzon Motors, the fuel cell electric truck maker, has $550 million to invest in production, R&D, and hydrogen making for trucks and buses.
American Trucking Associations announced Monday that Paul Enos has been named chairman of the ATA Trucking Association Executives Council.
Getting shippers to pay for drivers’ wait time could boost driver retention and improve safety, according to a trucking economics expert.
Twelve consecutive weeks of increases in the basis for fuel surcharge is countered by a big decline in commodity markets.
Company looks to take the lead in the cloud-based manufacturing and supply chain segment.
J.B. Hunt Transport Services reported better-than-expected second-quarter results Monday as the company saw double-digit revenue growth in all divisions when compared to the year-ago period, which contained widespread lockdowns from COVID protocols.
The Black Swan drones from Dronamics won’t be carrying little packages to someone’s doorsteps. They’re heavy-lift vehicles and DHL wants to flood Europe’s skies with them.
The ocean carrier said Monday that BNSF is reducing import traffic at the ports of LA and Long Beach, while inbound trains from New York area ocean terminals to three Midwestern destinations are also being monitored.
The order says tired drivers can’t be forced to work, but the definitions are vague.
Netradyne says it has been able to reduce distracted driving cases by 60% and improve following distance by 76%, leading to its global customers’ insurance claims dropping by 82%.
Prologis’ second-quarter results exceeded analysts’ expectations, and guidance moved higher as property rents are increasing at a record pace.
Loaded domestic intermodal container volume is now down on 10 of the 11 densest domestic intermodal lanes that originate in the U.S.
Convoy CEO Dan Lewis talks about the company’s sustainability initiatives in the first episode of the FreightWaves show Net Zero Carbon.