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Volvo Group Q3 sales and earnings trailed last year. But a recovery in heavy-duty truck orders and market share gains in North America improved a bleak picture.
Carriers lose marginal ground this week as tender volumes, tender rejections and spot rates slip. Carriers remain in an advantageous position heading into the holiday season.
Lower operating expenses drove the increase in third-quarter net income.
FreightWaves CEO Craig Fuller appeared on the A Media Operator podcast. Read highlights of the podcast here.
“The other thing that could create some travel issues will be the possibility of a flash freeze,” the National Weather Service says.
J.B. Hunt Transport Services misses 3Q estimates by 9 cents per share. Revenue and operating income climb 5% but a variety of cost inflation and a tough truck brokerage market weigh on the quarter.
$1.65 billion borrowed is more than rental car company had been seeking
In today’s edition of The Daily Dash, FMCSA denies an HOS exemption for drivers with animals, YRC is boosting pay for some new drivers, OOIDA criticizes cost estimates for broker transparency and the conviction of the former Pilot Flying J president is overturned.
How do you prepare for the Super Bowl if you don’t know who your opponent is? That’s how airlines and freight managers feel about preparations for transporting a COVID-19 vaccine when one is approved because manufacturers aren’t freely sharing shipping details.
While COVID-19 helped increase e-commerce sales volumes, retailers struggle to manage lengthening holiday season lead times.
The Western States Hydrogen Alliance will focus on maximizing rollout of hydrogen fuel cell electric technology across multiple commercial sectors in 13 Western states.
Income per share beat consensus but total and truckload revenue disappoints; stock falls in after-market trading
Cargo mix and larger locks kept Panama Canal volumes rising despite headwinds.
“Port partners are taking proactive steps to add more resources and service hours to support this untraditional peak cargo volume season.”
Hybrid drivetrain maker Hyliion takes a preorder of up to 250 Hypertruck ERX systems from American Natural Gas, securing discounted fuel for Hyliion customers as well as new fueling stations near customer locations with no up-front costs.
Port of Virginia gets $20.2 million for container yard expansion.
U.S. intermodal traffic on a weekly basis rose 8.4% year-over-year. Carload volume still lags although the year-over-year gap is narrowing.
Total revenue at the company, the first carrier to report third-quarter earnings, was up more than 20%
YRC subsidiary can’t produce evidence of any female drivers at Olive Branch facility since at least 2005
Is Prime Day helping to fuel a capacity crunch on land and by sea?
Agility Robotics, a maker of legged, walking robots, announced Thursday the close of a $20 million investment to meet demand from logistics providers and e-commerce retailers. DCVC and Playground Global […]
New England Country Foods has accused Empacadora Frape, its Mexican supplier, of failing to deliver on a contract for packaged beef chili destined for Texas prison commissaries.
Final rule streamlines launch and reentry requirements for burgeoning commercial space industry
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
The numbers will be small but the competition fierce as major truck makers debut their first fully electric Class 8 trucks in 2021. Kenworth will be in the zero-emission mix with its T680E built on a Meritor electric drive system.
Intermodal containers arrived this week at North Dakota’s first and only intermodal facility in Minot.
Zach Strickland covers the mid-month lull in rejection rates in the Carrier Update presented by PowerFleet. Meanwhile, Michael Vincent takes a look at market dynamics in the Great Lakes in […]
Teamsters and YRC Worldwide agree to implement $7,500 hiring bonuses to new drivers. YRC will select the regions for the new bonus pay but the local unions have the autonomy to decline them.
The USMCA Corridor would connect rail from the Pacific Ocean in Mexico through the United States all the way to Canada.
Most comments on the SBTC request were in favor of easing ELD and work-day restrictions.
Owner-operator association argues brokers already should have been complying with transparency rules and costs to a 48-hour turnaround should be the only ones FMCSA consider
Collaboration with Navistar allows Zonar customers to see OnCommand Connection vehicle data within its platform.
Fashion industry incumbents that have failed to adopt technology to strengthen their business models are at significant risk, particularly as the pandemic accelerates a number of trends.
Ransomware attacks have risen during the pandemic. Reliance Partners’ Jamie Cannon details how to protect your company immediately after an attack.
Having the right technology and technology partner increases business intelligence that can help shippers navigate uncertain times.
We discuss Ted Weschler, Berkshire money manager and his move to purchase $45mm of Dillard’s stock. Then, we break down some of the most notable upcoming futuristic SPACs.
Truckers will hit slick, snowy roads in Montana this weekend, impacting interstate travel.
The BNSF Logistics team rallies around a shared purpose: “We deliver what matters.”
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
In today’s edition of The Daily Dash, September saw an increase in truck driver drug test failures; TRATON makes a final offer for Navistar; and Waymo pulls back the curtain on its autonomous technology.
The groups say more federal oversight is needed for the transport of liquefied natural gas by rail.
“Regardless of who wins the upcoming elections, our country is in desperate need of a cohesive export plan as well as an infrastructure program and a digitization strategy for ports across the country,” says Executive Director Gene Seroka.
Rail reform law faces backlash from pro-regulation forces; tragic mistake to reverse course, former DOT secretary says.
United Airlines lost more than $2 billion in the third quarter, but the cargo division did its part to stabilize finances.
Torch’s technology creates an experience tailored to the needs of shipments under 550 miles.
A coalition of Southern California government organizations has released an in-depth report examining some of the deleterious impacts associated with last-mile freight transportation. A primary purpose of the study is […]
Complicated transaction puts the valuation of the SaaS company at about $2.57 billion
A federal appellate court overturned the convictions of former Pilot Flying J President Mark Hazelwood and two members of his sales team on Wednesday in a fuel rebate scandal that rocked the truck stop dynasty.
A rail shippers coalition continues efforts to ask the Surface Transportation Board to consider collecting first-mile and last-mile data.
U.S. Transportation Command has teamed with Elon Musk’s SpaceX to develop “rapid transportation through space.”
GoRail sent a letter on the 40th anniversary of the Staggers Act telling the Surface Transportation Board not to make wholesale changes to rail regulation. The letter had over 1,000 signatures from local, state and federal officials and executives.
TRATON Group is giving Navistar until noon Friday to accept its $43-a-share offer for the 83% of the truck maker it does not already own, or the German holding company owned by Volkswagen says it will walk away.
Autonomous vehicle company Waymo provided a glimpse of its autonomous truck technology in a blog post this week, as the Alphabet-backed startup best known for self-driving passenger vehicles steps up […]
UPS is one of nine companies that have leased lots of freighters from Air Transport Services Group this year. Find out who else is leasing these popular aircraft.
Uber Freight and XPO Freight Logistics LTL are among several new carriers that have joined the FourKites Premier Carrier List, recognizing excellent customer service.
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
COVID’s disruptions have created an acute awareness of the need for innovation.
New product will combine Drivewyze communications systems with other data to provide warnings on a longer list of troubles up ahead
FEMA is trying to plan ahead for supply chain bottlenecks related to pandemic response and says it needs private sector help. New antitrust immunity on information-sharing should help.
Austin-based FloorFound manages the return process of furniture, appliances and other oversize items.
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.”
In today’s edition of The Daily Dash, brokers and truckers have plenty to say about FMCSA’s broker transparency proposal, plus earnings season kicks off and Cummins’ New Power president took a nontraditional path to the job.
A “blue sweep” win for Democrats could be good for container ships, bad for tankers.
Logistics giant NFI is adding 5,000 new jobs before the end of 2020, further evidence of the demand on trucking to meet pandemic-induced and holiday freight needs.
A California-based trucking and warehousing company, forced to cease operations more than a year ago, filed for Chapter 7 liquidation.
A UPS expansion will create nearly 600 jobs and add $1.4 billion to North Carolina’s economy over 12 years.
Employers are catching up on required database checks of current employees.
A court-appointed receiver has assumed control over Canadian cross-border trucking companies Kings Cargo Express and Canada Cargo Lines in Manitoba, which owe CA$2.2 million to Toronto-Dominion Bank.
Ford Mexico CEO says ongoing Mexican rail blockades are affecting the flow of goods across the country.
Second such US facility follows July pop-up launch in Maryland.
Omaha-based Manning’s is focused on agribusiness, adds 15 employees to FitzMark
The A321 has a lot of potential in the air cargo market because of its efficiency and payload. Companies are beginning to convert passenger planes into cargo freighters.
“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.
Redwood Logistics on Tuesday announced it has added payment processing capabilities from TriumphPay. As Redwood’s primary payment partner, TriumphPay will handle all carrier payments, allowing trucking companies to manage their […]
Audi said it will allow Mexican officials to audit its Puebla plant following a dispute over tax payments.
GameAbove Capital takes equity stake in Pro-Tech Group’s patented technology for better utilization of empty railcars.
Delta Air Lines (NYSE:DAL) reported quarterly losses of $3.30 per share, which missed the analyst consensus estimate of $3 by 10%. This is a 242% decrease over earnings of $2.32 […]
S&P Global Ratings extended its bullish appraisal of electric vehicle maker Tesla (NASDAQL TSLA), upgrading the company’s debt rating from B+ to BB-. The raise puts the electric automaker just […]
Cold storage operator Americold expands its portfolio again, this time in a $1.74 billion bid for the world’s fourth-largest provider. Americold plans to offer 33 million common shares in total to facilitate the deal.
Alibaba is taking on Amazon around the world. Its latest move is in South America, with a new dedicated air service to speed up shipments.
The top 25 freight forwarders are now only winning 30.5% of the freight they bid on, as opposed to their previous rate of 53.3%.
Now in its third year, the FreightTech 100 shines a spotlight on some of the most innovative companies across the industry, featuring both young startups and household names.
Sikh driver community is very active, sending in big number of comments on FMCSA’s fact-finding mission
Oklahoma looks to have a reasoned approach toward railway change.
Truckers face stiff fines up to $1,000 and misdemeanor charges in some states for violating chain laws.
A look at how college English major Amy Davis navigates hydrogen fuel cells and other alternative energies at Cummins, the trucking industry’s top engine maker.
High risk of rollovers continues from Montana to eastern Washington due to gusty winds.
In today’s edition of The Daily Dash, an effort to prevent a phishing scam led to confusion for Prime Inc. drivers last week. Plus, a Texas trucking company has become the latest to shut down, and Workhorse has received another $200 million to build electric trucks.
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
Saudi Arabia-based Tachyon joins the Blockchain in Transport Alliance.
A different future for The Apple Store?
Fleets placed 52,000 preliminary orders for new trailers in September, the third-highest month in history as pandemic-driven consumer goods demand continues unabated.
The less-than-truckload industry continues to expand its footprint. Saia Inc. has added terminal capacity again, this time transitioning into a new 200-door terminal in Memphis, Tennessee.
The program dives into the transportation industry’s efforts to create a more inclusive workplace for both driving and nondriving staff.
In extreme scenario, annual volumes could hit 316 billion by 2026.
Mexican all-cargo carrier MasAir is operating multiday service each week from Los Angeles to Mexico for DHL Express.
In the Carrier Update presented by PowerFleet, Michael Vincent talks about length of Haul and rates on the rise, and Anthony Smith discusses the latest data from the Logistics Managers’ […]
Trailer Bridge President and CEO Mitch Luciano discusses workforce strategies for remaining strong during these challenging times.
The Canadian government will invest C$33.4 million in the inland Quebec port.
Asiana and Azul are taking cargo seriously in an unprecedented year for aviation. To capture greater cargo revenue, Asiana has replaced passenger seats with a novel freight pallet system. Azul is turning regional jets into cargo planes.
