Corpay records Q1 fuel payments revenue of $494M
Corpay’s first-quarter fleet transaction revenue declined 15% year over year to $108 million.
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Corpay’s first-quarter fleet transaction revenue declined 15% year over year to $108 million.
While it is tempting to forgo tech upgrades during a downturn in an attempt to save money, this approach will leave brokers at an even greater disadvantage when the market inevitably turns.
Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.
Forward Air’s first quarter missed expectations, sending shares 30% lower in pre-market trading Thursday.
The date for entry into service of two Alaska Airlines aircraft continues to slide because of problems with Boeing’s modification to a cargo configuration.
More than 3 1/2 years after a suspect in a series of staged accidents in Louisiana was slain, there are arrests in the case.
GXO Logistics achieved 6% revenue growth in the first quarter, despite challenging freight market conditions.
Georgia Gov. Brian Kemp has signed into law a bill that largely prevents lawsuits from being filed directly against insurers after truck crashes.
Recovery crews have found the body of the sixth and final person who died in the Francis Scott Key Bridge collapse in Baltimore, as crews plan to remove a large section of the wreckage.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan Turman; Kevin Speers; Kenneth Payne; Shawn Ludgate; Josh Lovan
FedEx Freight, the less-than-truckload unit of FedEx Corp. (NYSE: FDX), is closing seven service centers in the U.S. as the division continues to make alignments to its freight network.
ABX Air’s pilots union is out of Amazon’s doghouse, resulting in an improved labor agreement and a contract to fly 10 freighters.
FleetPulse has spun off from trailer OEM Great Dane and hired industry executives to lead the independent company.
Global ocean carriers are targeting the growing trade from China to Mexico with new express services.
Using off-the-shelf technologies, Daimler Truck created a demonstration autonomous truck that runs on batteries instead of diesel.
RailState’s new $4 million investment will be used for the strategic expansion of the company’s network coverage, including along the U.S.-Mexico border, and product investments to provide customers with accurate, real-time rail network information.
Expeditors recorded year-on-year gains in tonnage for both airfreight and ocean freight for the first time in more than two years.
CX is Mission-Critical In today’s landscape, where high customer expectations define industry standards, assessing your CX is vital. Does it measure up? Explore DDC FPO’s report, 2024 Customer Service Trends […]
AI software provider Paxafe looks to continue its strategic partnership strategy while expanding globally and building its sales team.
Aloha Air Cargo has decided to close its Los Angeles-Honolulu lane, effective June 1, because of weak demand, FreightWaves has learned. The route is marketed by Aloha, which signs customers […]
A monthly supply chain survey shows a reversal in transportation metrics during April but points to improvement on the horizon.
Late in the game, the head of the Surface Transportation Board is speaking out against replacing Norfolk Southern management, suggesting the effort threatens the U.S. rail network.
Insurance rates go up after accidents.There are ways to hold the line on those costs.
C.H. Robinson says it is using sophisticated AI tools to automate responses to emailed quote requests for thousands of customers.
Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.
U.S. trade with Mexico totaled $200 billion in the first quarter, led by shipments of vehicles, auto parts, gasoline and computers.
Amazon has deepened its relationship with Air Transport Services Group, agreeing to lease at least 10 widebody freighters for five years in exchange for rights to increase its ownership stake.
The benchmark diesel price used for most fuel surcharges was down Monday for the fourth week in a row.
UPS announced Monday that Brian Newman, executive vice president and chief financial officer, will step down June 1. The company has begun a search for his successor.
Trucking companies contracting with the U.S. Postal Service will face new reporting requirements and penalties if a bill passed by the House is approved by the Senate.
The Center for Transportation and the Environment launched a project in California to deploy 30 of Hyundai Motor Co.’s hydrogen-powered trucks to fight emissions.
New Class 8 truck orders in April up from a year ago, down from March.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Frank Hurst; Dr. Mark Manera; Thomas Wasson
Cell phone use is just one of many distractions that can divert truck drivers’ attention away from the road, says Chris Hayes of Travelers Risk Control.
Bluebird Nordic had ambitious growth plans a year ago. Now the cargo airline is out of business.
U.S.-Mexico logistics startup Cargado has raised $6.8 million in seed funding to simplify cross-border logistics.
This week in Borderlands, developers bullish on Texas logistics real estate; Waabi opens autonomous trucking terminal near Dallas; New Zealand logistics company invests in Texas facility; and Tier 1 automotive supplier expands in northern Mexico.
Mother’s Day tightness has returned to the Florida refrigerated freight markets, but this year is different.
Supply chain technology provider Trimble’s first-quarter transportation and logistics revenue totaled $195 million.
The rapid introduction of new competitors and technology in freight is producing a rapid downward trend in brokerage gross margins. To remain competitive, cost visibility and controls are paramount.
TriumphPay’s network expansion provides a source of relief for the many logistics companies that have encountered recent frustrations and hurdles due to their inability to make payments in Mexico’s local currency.
Delivery company DHL will pay $8.7 million to settle a class race discrimination lawsuit alleging that the company assigned Black workers to more dangerous routes than white workers.
Eliminating fragmentation in the supply chain is necessary for a resilient future, but it takes powerful collaboration between platforms.
Less-than-truckload carrier XPO says robust yield improvement is still on the horizon even after it laps easy post-Yellow repricing comparisons.
The potential energy and environmental gains from autonomous trucking are laid out in a new white paper from Aurora Innovation.
Truck transportation jobs posted a small decline in April after six straight months of relatively minor gains.
Less-than-truckload carrier XPO easily surpassed analyst expectations for the first quarter as significantly higher yields amplified modest tonnage gains.
In this edition of FreighTech Friday, Loadsure explains the risk of moving goods throughout Europe, and Kinaxis shares a report on shippers that are slow to react to supply chain disruptions.
RXO looked to various metrics to push a message that things are getting better at the 3PL.
Air Canada said Thursday it changed its mind about investing in two widebody freighters and will rely on its growing passenger fleet to increase cargo capacity.
FedEx has ordered 150 Blue Arc EV Trucks to add to its pickup and delivery fleet in the United States in an effort to reduce carbon emissions.
Future of Supply Chain discount code expires May 15 Stockouters, I want to see you in Atlanta! My subscribers can still access tickets to FreightWaves’ Future of Supply Chain at […]
Amanda Schuier, strategic maintenance director at Jetco Delivery, highlights the unique challenge of engaging with and retaining truck drivers and diesel technicians.
Schneider National cut full-year earnings guidance by 25% but said contractual truckload pricing turned positive in the first quarter.
SONAR, the leader in freight market intelligence, today announces the availability of flatbed pricing data directly within the user interface of its Market Dashboard+ application.
In competitive lanes, loads shift from rail to road.
A “dedicated fulfillment site takeover” is a strategic business initiative in which a 3PL assumes control and management of a specific retailer’s distribution site(s). The 3PL can take over the […]
Engine maker and power distribution giant Cummins Inc. reported Q1 declines in two of five divisions, but a huge one-time gain juiced profits.
Trucking companies in the United States are violating cabotage rules by misusing Mexico-based B-1 visa drivers, allege stakeholders in Texas.
With sequential numbers at C.H. Robinson showing solid improvement, the company’s heavily shorted stock soared in late trading.
Jacksonville, Florida-based Raven Transport is shutting down its over-the-road and dedicated fleets and laying off 83 employees.
A move in Congress to nullify an EPA rule that is unpopular with much of the trucking industry has an uphill climb.
After five months of discussions, Teamsters Canada voted to strike at Canadian National Railway and Canadian Pacific Kansas City. The strike could start as early as May 22, after a mandatory 21-day mediation period.
Fast fashion e-commerce giant Shein and retailer Forever 21 are the first brands to utilize UPS’ Happy Returns solution.
A 92-year-old trucking company, Arnold Transportation Services of Grand Prairie, Texas, ceased operations recently and filed for Chapter 7 bankruptcy liquidation.
Gulf & Atlantic Railways LLC announced on Wednesday that it is rebranding as Pinsly Railroad Co. The name change comes after the October 2023 acquisition of Pioneer Valley Railroad, the final railroad company owned by Pinsly.
Lufthansa’s freighter division faced external headwinds and rising costs that impaired its growth during the first quarter.
International Roadcheck has two key areas of concern this year. Knowing how to prepare is crucial.
Logistics real estate operator Link Logistics continues to see favorable demand for space on the downside of the freight cycle.
The May 2024 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what […]
Firecrown Media acquires Kalmbach Media’s Trains and Astronomy, expanding further into the transportation space now including trains and space.
The third annual FreightWaves Future of Supply Chain conference will be held at the Georgia International Convention Center in Atlanta June 4-5.
While trailer parking outside the ports of LA and Long Beach is likely to be more constrained soon than it already is, carriers will look for cost-friendly and secure areas.
Amazon touts benefits of regional fulfillment and delivery model to help drive its first-quarter revenue to $143 billion.
Werner Enterprises missed first-quarter expectations Tuesday and lowered some components of its 2024 outlook.
Even an EV-friendly policy analyst acknowledged during a House subcommittee hearing that trucking faces big challenges in meeting the EPA’s new zero-emission regulations.
Geopolitics and internal operating challenges prevented Air France-KLM from generating more cargo revenue during the first quarter, when the freight economy improved.
U.S. Customs and Border Protection officers seized some 2,300 baby and children’s products from the ports of Los Angeles and Long Beach.
A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay.
Patrick Kelleher becomes DHL Supply Chain North America CEO on July 1, succeeding Scott Sureddin, who will retire Dec. 31.
Flock Freight offers a Shared Truckload service that provides an accurate, reliable and emission-reducing alternative to traditional truckload and less-than-truckload options.
ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.
Descartes MacroPoint FraudGuard evaluates billions of data points related to freight location and shipment status in order to flag potential freight fraud.
Dave Schultz, who had been missing for more than five months, was found in a field near where his abandoned red- and white-striped Peterbilt was located in Sac County, Iowa.
Building a strong driver training program pays dividends in the long run.
Drivers want to join – and stay – with carriers that make them feel connected from the very beginning.
ArcBest missed first-quarter expectations on Tuesday.
Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this […]
The benchmark diesel price used as the basis for most fuel surcharges declined for the third week in a row.
Ryder continues expanding its cross-border operations with a new logistics facility in El Paso, Texas.
TFI International subsidiaries TA Dedicated and Transportation Enterprise Services will pay $460,000 to settle a sexual orientation and retaliation lawsuit, the Equal Employment Opportunity Commission announced Monday.
Competing against large freight brokerages is not easy, but persistence and specialization really do pay off.
An “influential” proxy advisory company has come out in favor of Ancora’s efforts to oust the leadership of Norfolk Southern.
Texas-run truck inspections are causing hourslong waits at the Mexican border for cargo truckers in El Paso.
Cybersecurity concerns are becoming increasingly common as cyberattacks and ransomware breaches make headlines throughout the logistics industry. Over half of carriers recently surveyed have either been directly impacted by a […]
Two people in Texas were killed after an oversize load from a passing flatbed truck came loose and fell onto their vehicle.
Global Crossing Airlines, a hybrid passenger-cargo charter airline based in Miami, on Thursday was the first commercial airline to fly into Haiti since warring gangs closed the main airport in […]