YRC rolls new name, fleet, CFO, board seats into Q3 report
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.
Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
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.
E-commerce and faster shipping times are in high demand. Air cargo results in carbon dioxide, sulfur and particulate matter emissions. Here are five ways aviation is expected to counteract the negative environmental impacts in 2021.
Focus will be to strengthen Coupa’s clients supply chain spend, Llamasoft executive says.
YRC Worldwide announced that it has accessed the first $75 million of the second tranche of the CARES Act loan it received in July. These funds are to be allocated for upgrades to the fleet.
Defunct Rhode Island trucking company was being investigated in connection with accident that killed one of its drivers
Daimler Truck and Volvo Group expect to hit the ground running in their fuel cell joint venture. Volvo is buying Daimler’s expertise and helping offset the development cost of the zero-emissions technology while the rivals will compete in producing hydrogen-powered trucks.
Pfizer and Moderna have developed vaccines that need to be deep frozen. Most freight distribution companies and medical facilities don’t have super-cold freezers, so governments and industry are mobilizing resources until less sensitive vaccines come along that they are equipped to handle.
Inside the grocery supply chain with Robinson Fresh. Plus, truckers against child abuse, final mile, and more
Positive COVID recovery signal: LNG shipping is behaving normally again, with a typical seasonal spike.
SeaFort Capital-backed Canadian trucking company Jardine Transport Group expands footprint with the acquisition of cross-border carrier Quality Transportation Services.
2020 wins include harbor-deepening funding and Blount Island berth enhancements.
AOL co-founder and current Revolution CEO Steve Case and Ryder’s Karen Jones to headline star-studded virtual event focused on FreightTech.
Project will inform regulators on ADS safety rules.
Truckers are a critical link in the U.S. supply chain. Today, during the current coronavirus pandemic, this critical link takes on even greater significance and we need to all do our part to help keep them safe.
“Life-threatening storm surge” and “catastrophic winds” coming to parts of Central America as Hurricane Eta rapidly intensifies.
In its comments to FMCSA, 3PL trade association says provisions that allow disclosure of data from brokers to carriers were for different era and seeks end to rule
Initially, ITG’s impulse was to build its own IT infrastructure and software tools.
The bond credit ratings firm updates its outlook for the freight rail industry from negative to stable amid rising rail volumes.
Platform Science’s Remote Platform Management products are now available on Samsung’s ruggedized Galaxy Tab Active devices, giving trucking fleets mobile device options with full functionality.
The U.S. Department of Transportation hopes the changes will help more short line and regional railroads modernize and upgrade their infrastructure.
Knight-Swift, Arrive Logistics, and Uber Freight have three different approaches to drop-freight solutions.
Shell says that using traditional lubricants in electric vehicles is acceptable, but vehicle owners lose out on performance without a more specialized approach.
Truckers could hit delayed interstate travel Monday across many areas of the Northeastern U.S.
ZeroNorth makes board appointments, and Southeastern Freight Lines promotes a service center manager.
Increased freight volume and higher carrier profits always drive Class 8 truck demand. The circumstances in 2020 differ from 2018’s tax cut-driven boom, but reasons for the surge are identical.
Drivers can keep some simple tools and perhaps lesser known items on board to ride out winter storms.
California air quality chief on short list to helm Biden EPA; 125 zero-emission models in production; LA mayor seeks proposals on zero-emission drayage technology.
A number of technology companies made announcements of new products or features last week, including Verizon Connect, SkyBitz, Lytx, Rand McNally and Cargo Chief.
PortPro Technologies has introduced a next-generation, web-based TMS built for drayage carriers.
Before COVID-19, demand for supply chain talent, especially truck drivers, was at an all-time high, outstripping supply and creating major worries for companies across all industries.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo airport expanding cargo facilities; CBP seizes $821M in drugs; LubeZone acquires All Star Truck; Mesilla Valley Transportation signs Winmore.
Aircraft stored away because of the pandemic still receive equipment checks and each battery reconnection drains capacity on some Airbus aircraft, which could lead to a loss of power.
Import volumes continue to fuel the surface transportation boom. Will it last into 2021?
One developer touts its weather app because its “storm-based alerts help reduce false alarms by alerting you to severe weather based on your exact location.”
“The strength of this typhoon is no joke,” warns a disaster official as this major typhoon approaches the Philippines.
Rate increases, which apply to ground, air and international services, take effect Dec. 27.
This week in spot rates
The Owner-Operator Independent Drivers Association (OOIDA) kicks off its annual Truckers for Troops campaign on Nov. 9 for active service members and veterans.
In today’s edition of The Daily Dash, peak season could be among the most volatile in years if current data trends continue. Plus, grading the success of the president, and Amazon’s logistics network just keeps growing.
Volatility compresses as peak season begins
GPA looks to receive board OK next month for initiative.
Nashville-based truckload carrier also wants to move case from Washington to Tennessee.
On this week’s Drilling Deep, P. Sean Garney of Scopelitis Transportation Consulting looks at the recent federal guidelines for hair testing to determine if drivers, or potential drivers, have drugs […]
Capacity Southeast of Nashville to join Chattanooga-based Reliance
It’s a special Halloween episode on freight’s most diabolical variety show.
While the election may not make a big difference in how the U.S. trades with Canada, the transportation and logistics sector could benefit from a result that brings more infrastructure spending.
Flatbed carrier Daseke Inc. cruises past third-quarter forecasts. Operations are likely to improve again in 2021 but high-margin third-quarter project freight could create some tough comparisons.
A politician’s perceived influence over transportation policy may factor into who gets financial support.
Record-tying 28th named storm of the 2020 Atlantic hurricane season could become a reality this weekend.
DispatchTrack optimizes routes and delivery schedules for its clients, which enhances their customer delivery experience.
Ocean Network Express is cautious in its full-year forecast as “future cargo demand is very uncertain” while the COVID-19 pandemic wages on.
Alibaba is challenging Amazon on many fronts, including logistics. It’s now handling import/export operations in South Korea.
The inquiry follows an OIG report highlighting slow progress on safety improvements.
Universal Logistics credits its turnaround to the resurgence of the North American automotive industry, particularly in the light-truck and SUV markets.
USA Truck’s third-quarter performance was something management had been foreshadowing for the last few quarters. They were adamant that earnings would improve if the market would cooperate.
CFO Col: ‘We’re not upset when we have to use it’
Daimler Trucks continues to build out autonomous expertise with a partnership and investment in LiDAR maker Luminar
“The EU stands ready to help,” said the President of the European Parliament about the deadly earthquake in Turkey and Greece.
Spot market transactions are notoriously inefficient and expensive. Digital freight matching can make transactions more straightforward for shippers and carriers alike.
Several key metrics in LTL operations show downturn from last year
Solutions for facility operations, predictive ETA and sustainability require an additional layer of advanced technology and clean data derived from digital freight networks.
Freight volumes and capacity remain historically strong for carriers even though OTVI and OTRI have fallen steadily throughout October.
Flatbed carrier Daseke Inc. posted a third-quarter result that highlighted the company’s restructuring efforts and easily surpassed analysts’ expectations.
Envase Technologies platform will expand its presence in Canada with the acquisition of TMS provider Tailwind Transportation Software.
Wind gusts up to 80 mph will challenge drivers in the High Plains over the next two days.
Onfleet, a San Francisco-based provider of delivery management software, announced on Friday it has raised $14 million in Series A.
In today’s edition of The Daily Dash, shippers want to know how a broker transparency rule would impact them. Plus, Schneider and Werner are among those reporting earnings and carriers weigh in on the election.
In 2016, then-candidate Donald Trump made a lot of promises to trucking and the freight industries. As he looks for four more years, how many has he fulfilled?
UPS pilots say the company isn’t holding up its end of the bargain to keep them safe while flying cargo during a pandemic. UPS denies the claims.
Olsavsky says transport spending is in a multiyear ramp-up as the company posts solid third-quarter results.
Appeals court sets Nov. 30 deadline for prosecutors to file petition for rehearing in Pilot Flying J case. Photo: Wesley Tingey/Unsplash
Hub Group sees a strong demand environment continuing as most of its customers are operating with lean inventories. The company expects tight freight fundamentals to create a favorable rate environment in 2021.
Air Transport Services Group’s freighter leases offset financial losses from its grounded passenger planes.
Universal Logistics reported revenue of $365 million during the third-quarter, a 2.8% decrease compared to the same period last year.
USA Truck was able to use a favorable demand backdrop and very tight truck capacity to break a string of four consecutive quarterly losses.
Sales of used vehicles set a record, up by two-thirds from a year ago and 40% sequentially
The e-commerce retail and logistics giant’s bottom line is healthier than ever.
Reliance Partners’ John Seidl touts the importance of understanding queries and advises drivers to steer clear of marijuana, regardless of what California or Colorado permits.
‘Significant accomplishments’ in 2020 will be followed by game changers next year.
The international market for freight rail services and equipment is pulling ahead of the North American market, but that should catch up eventually, Wabtec said during its third-quarter earnings call.
The strength in truckload fundamentals didn’t really show in Schneider National’s third-quarter report. Lower revenue per truck, intermodal rail congestion and brokerage malaise overshadowed the announcement of a $2 special dividend.
Trucks moved $33 billion worth of freight between the U.S. and Mexico in August, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Everyone has been impacted by the current political, economic and health climate in the U.S. For the health science industry, these challenges are amplified.
U.S. rail volumes on a weekly basis were 2% higher last week amid a 9% increase in intermodal traffic.
Chassis manufacturer anticipates chassis shortage as COVID-19 subsides as well as desire among pool operators to replace aging units.
Wex said global uncertainty around COVID-19 affected its fuel card payment processing and corporate travel segments during the third quarter.
Shippers that trust their technology also trust their technology provider. That’s why XPO’s Connect platform resonates with shippers.
The future for the Shopify Fulfillment Network could involve highly automated warehouses with robots in different parts of the world, says CEO Tobi Lutke.
Zeta, which weakened to a tropical storm after making landfall Wednesday, could cause some service issues.
Coast Guard utilized helicopter, response boat and local agencies in the effort to find longshoreman Joe Williams.
A FreightWaves survey of top election issues as viewed by motor carriers found the economy top of mind ahead of Tuesday’s election. Taxes and regulations tied for second.
Operating income up 21.7% while revenue up just 2.7%; performance far better than Wall Street forecasts
Schneider National announces a $2 special dividend answering the mounting questions around the carrier’s future cash deployment. After the $355 million payment, the company still has ample cash to pursue other initiatives.
Drivers have a tough enough job without the weather interfering. These are some states where the weather can be the most dangerous.
Procurement teams would have to change strategies from being reactive to proactive to handle black swan events or global trade standoffs.
Kirby tops earnings expectations on lower costs despite COVID and hurricane hits to demand.
Autonomous trucking company Plus has filed its safety self-assessment report as concerns persist about the usefulness of the voluntary reports in determining the safety of a given self-driving system.
Truck drivers weigh in on Trump’s transportation policy prior to Election Day.
Several major roads and bridges are closed after Hurricane Zeta slammed the Gulf Coast Wednesday.
Danish third-party logistics services provider’s bottom-line benefits from easing COVID-19 during summer months.