M&A Update: Cultural exchange key to successful mergers
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.
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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.
As part of a new nationwide anti-corruption initiative, Mexico’s land, air and seaports will be operated and monitored by the Mexican military.
Mack Trucks and Volvo Trucks North America are cutting 450 salaried jobs as part of parent Volvo Group’s slashing of 4,100 whiite-collar positions. But Mack is holding the line for now against additional reductions in
production workers in Pennsylvania.
Multiple rounds of heavy storms this week could slow down truckers from the Rockies to the Appalachians. Flash flooding and roadblocks possible.
OEMs, logistics companies tout varied technology solutions on the way to a zero-emissions future.
Freight volumes are up 25% during a recession and truckload earnings started earnings season out strong this week.
A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.
Asset sales in Comcar’s pre-packaged bankruptcy have hit a roadblock. Obstacles include questions on trailer titles and the sale of the business units to the former chairman, who still has an unsettled dispute with the company.
Central Mexico tops for cargo theft; Flex adds 1,000 jobs in Juárez, $3.3 million of meth found in tile shipment and Mexican sorghum farmers to meet with government on Wednesday.
vailable cargo space on outbound aircraft from China is starting to become scarce again. Shippers better hurry to lock up reservations for the late summer and peak season.
Companies are cramming warehouses full of freight as they change their supply chains to better suit the post COVID-19 world. Trucking capacity tightens as a result.
Driver/dock worker was fired after leaving work early due to her period; two other XPO Black workers lose a second time
JHOS Logistics and Transportation has been ordered to pay a former driver $220,000 in back pay and damages and rehire him after OHSA states he was fired after raising safety concerns.
In today’s edition of The Daily Dash, an autonomous trucking startup is in search of funding, robots are taking over warehouses, and trucking still rules the freight world.
Capacity still tight.
Owners of low-priced warrants for new shares and pre-merger discount buyers registered to cash out of electric truck startup Nikola leading to an after hours selloff on Friday, July 17.
Operational lower level essential to movement of goods and economic recovery.
Federal government seeks to widen eligibility for Canada Emergency Wage Subsidy under a program welcomed by the country’s largest trucking organization.
The railroad plans to keep operational changes such as reduced train starts and longer trains even as volumes rebound.
On-demand warehousing company Flexe has announced an integration with Google Merchant to promote fast and free shipping as retailers struggle to reach the delivery bar set by Amazon.
Freight volumes are soaring, is now a good time to renegotiate rates? Plus, electrified fleets, digital platforms, and more.
The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.
“Employer groups should not play American ports against one another,” says longshore union leader.
Tightened capacity seen as a spur to both Heartland and Marten beating estimates, with optimism from analysts going forward The earnings reports of truckload carriers Heartland Express and Marten Transport […]
OptimoRoute is a route planning and schedule optimization platform that helps companies organize their mobile workforce and optimize delivery routes.
Plus.ai, a self-driving trucking company based in the U.S. and China, is in talks to raise $60 million, the Information reported.
Brian Aoaeh writes about new technologies that will transform supply chains and logistics in the near-term.
Better-than-expected performance across the board buoys Daimler prospects. Job cuts are a big part of the picture in a preview of second-quarter earnings.
Tim Strauss is leaving Air Canada Cargo to lead Miami-based Amerijet.
Collaboration between manufacturer, seller and service provider will ensure drivers have a clear understanding of the requirements pertaining to each delivery.
Anthony and Zach talk about the impact of Roadcheck week on the freight market and bring on Zac Rogers to discuss the latest Logistics Manager’s Index results showing increasing transportation prices along with declining warehouse capacity, a pattern eerily similar to 2018.
Warehouse operators seize on flexible robotic solutions to address a variety of marketplace challenges.
Glum Volvo Group financial report follows layoffs of 4,100 white-collar workers in second quarter. Uncertainty means the pain may continue for some time.
The American Trucking Associations said the industry moved 11.84 billion tons of freight in 2019, generating almost $792 billion in revenue.
Carriers are inteh strongest position in the DHL Supply Chain Pricing Power Index’s 10 month history. Rates have pushed higher in recent weeks as carriers reject more freight than anytime in 2019 and volumes remain elevated.
The railroad experienced a 23% dip in revenue as carload volumes fell 21%.
Dangerous winds and other hazards for truckers Friday afternoon and night from the Dakotas to Minnesota.
In today’s edition of The Daily Dash, Heartland reports better-than-expected earnings, a carrier’s owner talks about his driver who killed four kids and why autonomous trucks will be on roadways in 2024.
Blame game: The National Transportation Safety Board says an incompetent co-pilot caused an Atlas Air cargo plane to crash. Contributing factors were an inattentive captain, poor pilot vetting by the company and the FAA’s slowness developing a database for pilot records. The pilots union only points the finger at the company and the FAA.
Investigators have set up a website that allows the public to upload images and video evidence of the fatal crash on I-70 that killed four juveniles near mile marker 137 on July 9 in Wayne County, Indiana.
J.B. Hunt easily bests consensus forecasts led by better-than-expected intermodal and dedicated results. The back half of 2020 remains hazy on COVID-19 fears.
Authorities say driver caught while attempting to cross Lewiston Bridge into Canada.
Agency estimates $4 billion in cost savings from hours-of-service changes.
Border industry leaders discuss USMCA’s benefits during a panel discussion hosted by the El Paso, Texas-based Borderplex Alliance.
Total number of TEUs moved in June down 17.1% year-over-year.
Overall operating ratio improves on back of dedicated and truckload segment gains
Volvo Trucks North America has announced a new auto hauling tractor that is based on its recently introduced VHD vocational truck.
The U.S.-Canada-border will remain closed for non-essential travel until Aug. 21, Prime Minister Justin Trudeau says.
The U.S. Border Patrol aided the individual when the train arrived in San Diego, Texas.
J.B. Hunt Transport Services posts a solid second quarter, besting analysts’ forecast by 31 cents per share.
U.S. shippers importing cargo from Asia are getting some price relief.
Industry organization held its annual meeting in the middle of a pandemic. The podcast discusses how they did it.
Federal agencies in a “friend of the court” filing say discussions among Class I railroads can be admissible as evidence in dozens of lawsuits involving alleged price fixing.
Anthony Smith and Dooner talk about issues that drive the people behind our supply chains.
After delisting from the NYSE, Roadrunner Transportation Systems announces it will add three new less-than-truckload facilities this summer. The expansion is part of its re-organization focused on asset-light offerings.
Truckers find themselves inadequately protected against COVID-19. Are you doing the most to protect your fleet?
“Carriers without existing loads entering these markets should be able to find loads with relative ease on the spot market this week.”
The U.S. Federal Maritime Commission enters “phase two” of its fact-finding investigation into COVID-19 impacts on container shipping in the Port of New York and New Jersey.
Gap in current regulations leaves truck drivers vulnerable
U.S. rail traffic is still facing double-digit percentage declines amid trade uncertainties and the coronavirus pandemic.
Heartland’s expenses were up more than revenue so operating ratio rose. Cash stockpile rose and it has plenty of borrowing capability.
Transaction volumes in China surged by an incredible 430% when factories reopened at the end of February.
American Airlines and JetBlue plan to enter a strategic partnership to drive more passengers to their respective networks as they struggle with the economic fallout of the coronavirus pandemic.
A digest evaluates the keynote addresses from the virtual event.
Canadian trucking and logistics firm Titanium Transportation Group opens second brokerage office in the United States as it pushes service and transparency.
EKA Solutions and Transflo have expanded their strategic collaboration to develop “end-to-end digital and automated transportation document workflow solutions.”
Strong winds, large hail, blinding rainfall could stop truckers in their tracks Thursday and Friday in the Plains, Northeast and Southeast.
In today’s edition of The Daily Dash, a driver’s training matters more than his or her age when it comes to safety performance; Navistar and TuSimple promise a self-driving truck by 2024, and Convoy opens the door to dedicated freight.
Navistar’s driverless truck coming in 2024 will stick to the highway on long, stop-free runs as fleet customers learn to launch and receive the robotic semis.
Barnets Inc. owner Gary Gregg said he was aware of Corey R. Withrow’s prior drug convictions before hiring him. Withrow is facing nine felony charges.
American Airlines, United Airlines and Delta Airlines are planning for mass layoffs unless workers take unpaid leave or separation packages as COVID continues to batter the industry.
Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.
Grocery delivery startup Dumpling claims to offer a more equitable shopping model by turning grocery shoppers from gig economy workers into small business owners.
Top Ships, Seanergy, Castor and Globus tap equity markets to buy vessels.
CBP officers at Pharr-Reynosa International Bridge discover a massive quantity of methamphetamine in a truckload of onions.
Amazon’s Pflugerville fulfillment center will be located off State Highway 130, a rapidly expanding business corridor in central Texas.
Embezzlement scheme at Parke Cox totaled roughly half a million dollars.
FreightWaves is hosting the 3PL Summit on July 21, a virtual event that will include technology demonstrations, hot debates and visionary speakers from across the 3PL spectrum.
CEO Jim Newsome optimistic about economic recovery in 2021.
Virgin Atlantic is recapitalizing without support from the U.K. government thanks to internal and external investors and creditors.
With safety and travel logistics in mind, the annual AirCargo Conference, which draws up to 800 attendees, will take place online in 2021.
Both conferences are open to all transportation professionals, whether or not they are current customers of McLeod Software.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. That search for modal share growth is still […]
Co-Founder Andrew Leto addresses the growth of Emerge’s marketplace and the benefits it offers carriers and shippers.
A study commissioned by the Coalition Against Bigger Trucks suggests that modifying federal rules to allow for heavier and longer trucks could result in diverting roughly 25% of U.S. rail traffic to trucks.
Truck driver David Hill recalls helping an accident victim on an icy winter day: “She was scared pretty good and screaming for help.”
Throughout the pandemic, Echo Global Logistics has remained busy moving goods and giving back to those in need as it contemplates a new normal.
Driving experience — not age — had a greater impact on safety, according to study.
Truckers could hit areas of nasty storms Wednesday heading into high-volume Joliet, Illinois market.
Autonomous trucking startup TuSimple is joining forces with Navistar International Corp. to develop self-driving semi trucks.
Partnering with TuSimple, Navistar shaves up to five years off industry timeline for driverless trucks, targeting 2024 to sell autonomous semis.
Navistar is partnering with self-driving technology startup TuSimple to shave up to five years off the timeline for autonomous semis. It is targeting 2024 to sell International-branded driverless trucks. Navistar […]
Smaller carriers and owner-operators no longer have to spend hours searching for freight now that Convoy allows them to bid on dedicated freight lanes.
Tesla receives 20-year incentives deal from Travis County, Texas, for possible Cybertruck factory.
The Ford Bronco, the company’s iconic offroad SUV, returns after a 24-year production hiatus. The sport edition will be built in Mexico.
Strategy to move into new areas off its platform gets biggest investment ever in the company known primarily for its weigh station bypass service.
Analysis concludes West Coast ports have lost 19.4% of market share since 2006.
Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.
Uber Freight is partnering with AI supply chain services vendor Blue Yonder on a carrier marketplace solution.
In today’s edition of The Daily Dash, 15 states push adoption of zero-emissions trucks, C.H. Robinson and Microsoft work to digitize the supply chain, and what did Nikola Tesla really know?