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Before mass-producing electric trucks in Arizona, Nikola plans hand-built models in a pilot facility that will speed sales while phased construction of its $600 million plant proceeds.
Southwest Airlines wrote its second-quarter results in red ink — $1.5 billion to be exact. It is not alone. All airlines are suffering financially from the coronavirus crisis.
Thousands of crew members are stuck on board their ships due to COVID-19 restrictions. Learn more in Darren Prokop’s commentary.
Cautious optimism expressed for the June trucking market by analysts at both organizations
Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.
United Airlines lost $1.6 billion in the second quarter. Given that a pandemic has hammered passenger travel, that’s relatively good. Company officials say maintaining capacity discipline for the foreseeable future is critical to get back to profitability.
Coronavirus pandemic and economic uncertainty weigh on UP’s second-quarter earnings.
Rare hurricane landfall in Hawaii possible this weekend, may disrupt supply chains for a couple days.
Volumes have been recovering swiftly, but headwinds make it difficult to predict when pre-coronavirus levels will fully return.
American Airlines lands $2.7 billion pretax loss in second quarter.
In today’s edition of The Daily Dash, autonomous-truck startup TuSimple may not be meeting revenue projections, Knight-Swift reports strong Q2 earnings, and a driver misclassification suit against New Prime reaches a $28 million conclusion.
Although the driver only worked in Massachusetts, he’s an interstate commerce worker. That changes the rules for settling disputes with the retail giant.
Canadian trucking and logistics firm Mullen Group reports a large drop in profits in its second-quarter financial results. But the company is positioning itself for recovery as business activity comes back.
Tesla will build its newest Gigafactory near Austin, Texas, chief executive Elon Musk announced during the company’s earnings call on Wednesday.
In second-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported gross revenues fell by 7.1% on […]
After practically zeroing out in the early stages of the pandemic, trailer orders rebounded in June as fleets began to book new equipment to take advantage of the improving freight market.
Virginia recently became the first state to impose enforceable COVID-19 safety requirements in the workplace which has the trucking industry scrambling to figure out how the new law will affect drivers and operations.
Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.
It is the electric vehicle manufacturer’s fourth straight quarterly profit.
Jerry L. Steele, 53, of Indianapolis, faces charges for possession of stolen property and intimidation with a deadly weapon after allegedly firing a gunshot out of his car’s window after cutting in front of a truck driver in an apparent road rage incident.
The COVID-19 pandemic and a slumping economy dent CSX’s earnings.
An analysis of daily traded values and volumes of tanker and dry bulk stocks.
Brian Aoaeh continues a series of commentaries on technology-driven innovations in supply chains, logistics and trucking.
World’s largest container shipping line is “committed to a carbon-neutral future of transport and logistics.”
Despite a 12% drawdown in volumes, CP reached a record second-quarter operating ratio of 57%.
An Ethiopian Airlines plane suffers extensive damage in a fire at Shanghai Pudong airport.
“It landed us where we are now with a bigger win rate and more business,” said Jeff Paul at Simple Logistics.
Amazon will offer a minimum starting wage of $15 per hour in El Paso
TuSimple may be the country’s largest self-driving truck company, but according to a Wednesday report in the Information, the company is struggling financially.
Knight-Swift sees demand improve throughout the second quarter, producing a big earnings beat. The carrier raises its 2020 earnings outlook to a level higher than its original expectation.
The debate sees Craig Fuller take on Zach Strickland over the possibility of a market recession due to the unprecedented scenario that we witness today.
Unisot has created a blockchain-based platform that helps bring end-to-end transparency in seafood supply chains.
PACCAR won’t rush in bringing battery-electric trucks to market, saying it will have them when customers ask. But it contends hydrogen fuel cells are five to 10 years away.
RLS says customers want a flexible, responsive alternative to PE-backed roll-ups.
Workers to be covered stretch back to second half of 2012 through this year
Volvo Cars is facing supply chain issues from factories in Mexico, according to CEO Hakan Samuelsson. Samuelsson said supplier issues in Mexico and lower demand for its S60 sedans were […]
The uptick in shared loads should prompt companies to consider how their dock operations can be optimized for maximum efficiency.
Critics argue proposal does little to address global warming.
Knight-Swift posts solid second quarter and reinstates full-year guidance to a level higher than before the outbreak.
“Other brokers could take a lesson from using this,” said Sam Kheir at Benore Logistics.
The COVID-19 pandemic dampened second-quarter revenue by 9%.
Roger provides digital tools for bulk freight shippers and carriers that reduce paperwork, and accelerate payment and real-time shipment status.
Open-platform technologies are allowing innovative trucking fleets to create custom technology solutions that increase driver productivity and improve customer service.
Heavy rain and gusty winds could soon disrupt supply chains and maritime freight in Hawaii.
In today’s edition of The Daily Dash, FreightWaves introduces enhancements to SONAR; XPO’s Brad Jacobs discusses diversity, automation and more; and Schneider invests in a new tech platform.
The expectation that North American consumers will help drive intermodal traffic comes as the railway’s second-quarter volumes were hit by the coronavirus pandemic.
Latin American airline mobilized five Boeing 777 passenger planes to move 1,200 tons of N95 masks on board 39 cargo-only flights from China to São Paulo.
FedEx Custom Critical CEO Ramona Hood discusses how she and her team redoubled their efforts on inclusion and diversity after protests swept the U.S. following the killing of George Floyd.
FreightWaves’ George Abernathy and Todd Davis talk benchmarking capabilities for brokers in virtual fireside chat at FreightWaves 3PL Summit.
Heartland Express announced the family trust of founder and current CEO will sell up to $76.9 million in stock. The family will still hold roughly 40% of the company’s outstanding stock following the transaction.
Love’s Travel Stops and Speedco locations will require customers to wear masks starting July 29. Face coverings will be required at all 520 of the company’s travel stops and its 390 truck service centers in 41 states.
Jason Miller, associate professor at the Michigan State University Eli Broad College of Business, paints a bearish picture.
Company is leveraging rail service for its Transplace customers.
United Airlines got pummeled by the coronavirus pandemic in the second quarter, losing $1.6 billion before special charges. But cargo revenue jumped because of the huge number of cargo flights it operated without passengers to worry about.
Shameek Konar will succeed Jimmy Haslam as Pilot Co. CEO in January, after growing its energy services business. He is the first outsider to run the family-owned Pilot in its 62 years.
Unadjusted net income for the second quarter falls nearly 60% from the same period in 2019.
Executives with Convoy and Johanson Transportation Service discuss two different approaches to carrier vetting and safety.
Some of today’s most innovative and disruptive companies in the logistics industry showed off their products during FreightWaves’ first virtual 3PL Summit on Tuesday.
Graft says on earnings call that by end of June, number of invoices being processed exceeded year-ago levels
FreightWaves’ JT Engstrom and Harris Williams’ Jason Bass talk about the market for mergers and acquisitions in virtual fireside chat at the FreightWaves 3PL Summit.
Logistics REIT Prologis sees demand for space accelerate even as e-commerce activity recedes to near-normal levels. 2020 outlook raised on market tightness.
Possible fines range from $13,000 to $130,000.
The digitalization of freight has logistics providers seeking automation and efficiency on a scale never before seen.
These factors are dampening lease rates and renewal activity, the company said during its second-quarter earnings call on Tuesday.
In an interview at FreightWaves 3PL Summit with FreightWaves President George Abernathy, he spells out the continuing role for brokers.
OffPeak praised for enabling Southern California distribution centers to operate second shifts.
The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.
Kenny Lund, executive vice president of Allen Lund Co., tells FreightWaves 3PL Summit that the fresh produce supply chain still has some growing to do, as coronavirus showed Americans that food shortages can still occur.
Adapting to customers’ and carriers’ needs through innovation is key to the continued growth of J.B. Hunt’s 360 digital freight marketplace platform.
PACCAR beat the consensus estimate of analysts, posting second-quarter profits of nearly $148 million despite U.S. plants being closed for five weeks because of the coronavirus pandemic.
The FreightWaves SONAR 7.0 release features several key enhancements; each makes the data and analytics platform even more useful to subscribers. Lane Scorecard The first is the Lane Scorecard app. […]
XPO chairman & CEO Brad Jacobs said more efforts will be made within the company to address racial equality and ensure equal opportunities for employees as part of a wide-ranging Q&A session at FreightWaves’ 3PL Summit.
Early preparations for possible natural disasters helped Trinity Logistics get ready to adapt to remote leadership changes forced by the coronavirus pandemic.
The CEOs of MoLo Solutions and Arrive Logistics discuss both the internal and external metrics that drive their businesses.
British Airways’ decision to retire its fleet of 747 jumbo jets is a loss for aviation lovers, but businesses that ship goods by air will benefit from using more modern aircraft.
Ryder System has added Trucker Tools carrier engagement and freight-matching tools to its brokerage operation.
Plus.ai, the Silicon Valley-based self-driving truck technology startup, announced an agreement with the Transportation Research Center (TRC) to test Plus.ai’s self-driving system using real-world scenarios with multiple vehicles.
Logistics REIT Prologis reports stronger than anticipated second quarter and raises outlook for the remainder of the year.
It will feel like 100 to 110 degrees outside from the Carolinas to the mid-Atlantic, putting possible stress on drivers and their trucks.
Camera-focused company branches out further, with sensor-driven systems that can notify truckers of dangers on the road
SmartHop, a Florida tech startup that aims to support small trucking businesses, on Tuesday announced that it has closed a $4.5 million seed round.
In today’s edition of The Daily Dash, experts discuss how trucking will get to an electric future, Mack Trucks lays off 450, and a trucker allegedly kidnaps his wife, leading police on a wild chase.
Mercado Labs, a Dallas-based technology startup, has closed a $2.5 million funding round to help importers manage global supply chains.
Texas grows as locus for autonomous truck testing as Aurora Innovation plans to begin Class 8 testing in Dallas-Fort Worth area.
Silver is starting by helping Schneider broker out its fleet of 38,000 orange boxes.
YRC loan called into question by Congressional Oversight Commission. YRC’s board may have had the same concerns with the company’s equity in 2019.
Walmart Canada plans to build two new distribution centers and upgrade its supply chain technology as it spends C$3.5 billion to grow operations.
Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019
The increase in freighter flights at Amsterdam’s Schiphol Airport during the first half of the year was not enough to offset the dramatic drop in cargo transported by passenger planes.
Ridgeville, South Carolina, facility will create more than 1,000 jobs.
Will tanker sector see summer lull or more action ahead?
Institutions of learning are coming after freight’s problems, 3PL Summit preview, and latest freighttech news.
The Trucking Freight Futures markets continued their march higher last week, reflecting the overall boom in the freight economy, as the spot July National contract rose $0.023, or 1.5%, to $1.580 per mile.
Transship partners with Loadsure to deliver pay-as-you-go, wraparound insurance coverage for all perishable goods.
The reduction in employee levels comes as the railroads deploy cost-cutting measures to match network capacity needs with market demand.
The global airfreight market contracted during the first six months of 2020, but airlines made much more money from cargo than last year, according to World ACD.
Subpar consistency and poor compliance are enough to cost a brokerage its profitability and, ultimately, the company’s life.
Patrick Bethelot, held on $275,000 bond, says he was planning ‘suicide by cop’ on Cincinnati-area interstate. Cops bring the rig to a stop with a .50-caliber bullet into the engine block of the truck.
“Tom Hanks’ work throughout his career reflects a deep respect for those who serve.”
Each company has its own culture, making mergers and acquisitions a painful process. However, acknowledging the needs and viewpoints of an acquired company may just do the trick.
