News

Rail jobs resume downward slide after increase a month earlier

Drivers will have to chain up this weekend in high-volume western freight markets.

In today’s edition of The Daily Dash, Heartland Express is raising driver pay, plus J.B. Hunt details its technology transition and we have complete coverage of Day 1 of FreightWaves’ LIVE @HOME virtual event.

While some truckload carriers posted significantly better-than-expected results, most saw their shares sag as the bullish trucking trade cooled heading into the third-quarter earnings season.

Americold announces another large acquisition, a couple of expansion projects, and informs analysts and investors that the holidays haven’t been canceled.

He became America’s youngest self-made billionaire after taking Hyliion public this fall, and now he’s discussing the future (which doesn’t likely include a presidential run.) Hyliion founder and CEO Thomas […]

FleetCor’s third-quarter revenue topped most Wall Street expectations for revenue at $580.8 million, while its earnings per share missed expectations by 46 cents.

Digital brokerage increased revenue, EBITDA

Digitalization is giving freight-industry participants the flexibility they need to deal with the COVID-heightened pace of change.

Echo exec Gustafson has praise for technological changes

Plus COO Shawn Kerrigan joined FreightWaves CEO Craig Fuller on a special episode of Fuller Speed Ahead Thursday as part of FreightWaves LIVE @HOME.

With with special guests Shelley Simpson, Executive Vice President, Chief Commercial Officer and President of Highway Services, J.B. Hunt; Eric Rempel, Chief Innovation Officer, Redwood Logistics; Hunter Burke, Loadshop Founder & Product Leader, Loadshop; Lisa Flynn, Director of Delivery Services, SkyBitz

Volvo Trucks North America will begin building Class 8 VNR Electric day cab trucks in Virginia in December, continuing an industry surge in bringing battery-operated commercial vehicles to market.

The TSA is doing a better job partnering with airfreight companies on security, but better training and technology are needed to meet future security obligations.

Executives from Horizon Fitness, Estes Forwarding Worldwide and The DDC Group talk during FreightWaves LIVE @HOME about keeping up with the trend of online ordering and home delivery.

With special guests Mustafa Azizi, Co-Founder and CEO, ZUUM; Robert Brothers, Vice President of Product Development, McLeod Software; Vaughn Moore, President and CEO, AIT Worldwide Logistics; Hope White, Chief Executive Officer, H.D. White Logistics, LLC

Rapid-fire demos give industry movers and shakers an opportunity to showcase their latest innovations — with added flair and no PowerPoints.

Runaway truck ramps are a trucker’s last resort. Reliance Partners’ Brian Runnels reminds truckers that the best way to tackle the downhill drive is through preventative maintenance, obeying road signage and simply taking things slow.

Keating, already sued as an organizer in a RICO suit, charged with 1 count by US attorney

Business “rebounded dramatically” in the quarter, Jacobs says.

Euronav exec curses crude-tanker market (literally). Scorpio exec pitches product-tanker promise and throws shade at crude side.

Blue North executive Brit Fitzpatrick talks community support and female leadership in supply chain management during FreightWaves Venture Summit Tucked in the foothills of northern Kentucky, just outside Cincinnati, Brit […]

Hyliion founder and CEO Thomas Healy make his case for why natural gas provides the best and cheapest way for the trucking industry to embrace electrification.

Watch demonstrations from Axele, SkyBitz, J. J. Keller, Trimble Maps, Optimal Dynamics, Transflo, Cargo Chief and Turvo.

Flurry of port activity could point to “growing concerns of future supply chain disruptions.”

No more need to build information technology from the ground up when available cloud-based solutions can cheaply and efficiently modernize a trucker’s operation, experts tell the FreightWaves LIVE @HOME audience.

The once little-regarded special purpose acquisition company is all the rage on Wall Street as $56 billion in blank check companies seek reverse merger targets. A leader of two of those efforts cautions day traders to know what they are investing in.

Wabash National saw a 37% surge in its backlog of trailers to build from the second to the third quarter as record orders piled in. Third-quarter margins declined but the trailer and last-mile equipment builder was profitable.

With intermodal volumes growing in the third quarter and October, how will the railroads handle intermodal traffic in the fourth quarter?

Beset by poor margins, refiners have announced closures and are expecting a lot more in the not-too-distant future

Systems issues at the Canada Border Service Agency leads to a significant backlog of incoming shipments, trucking industry group says.

Manders predicts more volatility in 2021 as businesses struggle for capacity assurance amid unprecedented inventory restocking efforts.

A comfortable merger still requires managing change and making parts fit as technology races ahead, says Trinity Logistics President Sarah Ruffcorn

Craig Fuller and Mike Isaac discuss Isaac’s book as well as the rise and fall of Uber. They dive into the evolution of Uber, the company’s new reliance on Uber Eats and the impacts of new regulations.

Andrew and Seth are joined by Thiago Olson, Managing Director of Engage Ventures to discuss Engage’s unique VC model, their hyper-focus on southeastern startups and what opportunities he is seeing […]

ArcBest CEO Judy McReynolds talks about the company’s customer service model and how it has helped them thrive throughout the pandemic at FreightWaves LIVE @HOME on Thursday.

Leveraging more advanced data accuracy tools and processes, shippers and CPGs achieve a higher level of on-time performance by making more informed decisions in real time.

J.B. Hunt has been recognized for its five-year, $500 million technology investment, but how it got to that point is now equally well known.

Atlas Air rode the rising tide for air cargo to higher profits in the third quarter.

Truckers can protect themselves from the devastating effects of extreme heat, cold and poor air quality while on the road.

Port restrictions may get tighter in the coming days as Eta becomes a tropical storm again, heading to the mainland U.S.

In today’s edition of The Daily Dash, FreightWaves’ FreightTech Venture Summit looks at the intersection of venture capital and freight. Plus, COVID-19 is accelerating logistics investments and California is using technology to catch emissions cheaters.

Major companies in the transportation and logistics world have taken interest in Canada’s massive undertaking to distribute millions of COVID-19 vaccine doses.

The airfreight market is gaining strength as trade and e-commerce grow, but the disappearance of most international air travel is hurting airlines. And the situation appears to be worsening with new waves of COVID in Europe and the U.S.

The CEO and co-founder of cross-border digital freight marketplace Forager discusses the sometimes-tricky process of courting investors.

Sunnyvale, California-based Trimble Inc. is a provider of technology solutions for trucking companies, freight brokerages and third-party logistics providers.

Heartland Express raises driver pay 6% across the board and as high as 12% for some.

With passenger planes all but out of commission earlier this year – and still lagging considerably in the fourth quarter – shippers had significantly fewer options for moving their products across the world.

Sageview Capital’s Andrew Korn discusses growth capital investing strategy and what sets his firm apart from others during the FreightWaves FreightTech Venture Summit. Gaining support from investors can be one […]

The need for industry knowledge and strong connections has become key to competing in the crowded logistics venture capital arena.

Research on dangerous goods transportation is still ongoing, the agency said. The announcement follows an audit published last month that suggested that Transport Canada failed to fully implement several safety recommendations.

The freight business is both complicated and asset-heavy. To be successful, tech startups need to know the freight business, its pain points and its limitations.

Grant Langston, ex-CEO of online dating site eHarmony, finds his skill set melds with on-demand warehousing.

Mehta and Sweat are keeping a step ahead of the evolving supply chain startup market.

FreightWaves CEO and founder Craig Fuller hosted a Fuller Speed Ahead episode with Truckstop.com CEO Paris Cole and Phil Yates, founding partner at Bregal Sagemount.

Longtime MODE Transportation President and CEO Jim Damman is appointed chairman of the company.

Work Truck Solutions founder Kathryn Schifferle shared her journey navigating the venture capital world during the FreightTech Venture Summit.

Ryder is using its fleet and supply chain as a laboratory for new technologies from startup companies it supports.

FDA approval is only the first step in the process.

Exports drive Canada grain volumes higher.

FreightTech Venture Summit: Figuring out whether to go VC or “bootstrap” in an industry that is “serious” but with some tough issues to overcome

Shipwell CEO Greg Price explains during FreightTech Venture Summit the importance of winning over venture capitalists at the onset of presenting your idea.

Data drives the development of those opportunities, according to Sapphire Ventures Managing Director Kevin Diestel in the fireside chat “VC Perspective: How FreightTech is Different” during the FreightWaves FreightTech Virtual Summit.

“It’s well documented how big this market is and how ripe for disruption this market is,” says Rose Rocket CSO Justin Bailie.

Start small and simple, VC experts say.

Mark Scudder discusses acquisitions, IPOs and more with FreightWaves CEO Craig Fuller during the FreightTech Venture Summit

TRUX, the leader in dump truck logistics technology, is the latest member of the Blockchain in Transport Alliance (BiTA). Read why.

Ike founder Alden Woodrow talks about the company’s unconventional approach to securing funding and bringing its product to market.

Steve Case helped build AOL. Now, as CEO of Revolution LLC, he works to help other entrepreneurs fund and grow their businesses.

But margins made on those diesel sales were down from 2Q and last year

FreightWaves today announced FreightWaves for Startups, a new initiative aimed at helping startup companies grow into successful organizations.

Carriers still have time to secure loads in strong reefers markets in the path of a potential snowstorm.

In today’s edition of The Daily Dash, YRC announces changes, tapping of loan agreement, plus Landstar’s CFO suddenly stepped down and FreightWaves gets ready to kick off the two-day LIVE @HOME virtual event.

Certain types of business models are more attractive to venture capitalists.

Big win for ballot measure but it has no provisions that impact trucking

A look back at the days after the 2016 presidential election and the strange case of “The Donald Trump Shipping Stock Boom.”

Preliminary Class 8 truck orders in North America reached a two-year high in October with more than 40,000 reservations.

Data mining and telematics are changing the way air quality regulators are enforcing trucking emissions regulations in California.

The U.S. military relies on its own cargo aircraft and commercial operators to move personnel and equipment around the world. Rockets could do that in a tenth the time.

A panel of economic experts weighs in on the future of the Surface Transportation Board and the rail industry itself.

“Being able to look a few hours ahead to track radar was very helpful,” said one trucker about a popular weather app.

A survey of supply chain executives shows transportation capacity declines at a slower pace in October. The logistics industry continues to experience “rapid” growth.

Real Estate Roundup is a weekly rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Industrial real estate performance forecast; trucking provides […]

China still holds the title of the world’s manufacturing floor, but business challenges are leading more companies to source production in other countries.

U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.

CBP agents seized $60 million worth of meth in two separate incidents involving tractor-trailers at the border in Laredo, Texas.

Logistics provider ArcBest is experiencing some of the strongest tonnage trends in the company’s history. The year-over-year comparisons turned positive in August and have continued to climb.

Truckload carrier successful after receiving no action on first application filed in 2016.

Disruption, technology and keynote addresses from Shelley Simpson and John Roberts III of J.B. Hunt and Thomas Healy of Hyliion will highlight FreightWaves LIVE @HOME.

A half-dozen basic tips on what drayage truck drivers must consider when picking up a container chassis from a pool.

Expeditors sees drop in air, ocean moves but net income climbs

Overall, there will be lower rail volume levels continuing into the first quarter of 2021.

Cargojet’s record airfreight volume helped adjusted earnings double in the third quarter.

“Regional carriers often step in to fill those critical gaps,” said Elizabeth Elkins.

Landstar System announced that its CFO was stepping down immediately. President and CEO Jim Gattoni will act as the company’s CFO on an interim basis until a replacement is found.

River flooding possible this week in Northwest freight markets along the I-5 corridor.

Logistics provider ArcBest beats third-quarter expectations by 50%. Improved demand and cost management drive the result.

In today’s edition of The Daily Dash, the Transportation Intermediaries Association says a broker transparency rule would address a marketplace that no longer exists. Plus, federal regulators could be looking to the industry to help develop autonomous truck rules, and shippers are demanding more power-only options.

Logistics professionals said to expect U.S.-Mexico border capacity to be tight the rest of the year and into 2021.

YRC Worldwide announced several changes in its third-quarter report. The biggest was that the carrier has already accessed CARES Act relief money to replenish its fleet.