Triumph factoring group’s new COO sits atop a business that has doubled
Kimberly Fisk, the new COO of Triumph’s factoring group, sat down for an interview with FreightWaves as she begins the job.
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Kimberly Fisk, the new COO of Triumph’s factoring group, sat down for an interview with FreightWaves as she begins the job.
Georgia Ports Authority said it handled 428,000 containers and 65,400 roll-on, roll-off units in January.
Inside the WHAT THE TRUCK?!? newsletter: Cell outage downs freight; Convoy returns; State of Freight recap; and more.
AT&T’s widespread outages are causing connectivity disruptions for major transportation tech providers. Here are some platforms experiencing issues and how it impacts the industry.
J.B. Hunt said Thursday it will buy Walmart’s intermodal assets and that the two companies entered a multiyear agreement that will bring more shipments to J.B. Hunt’s network.
Zeem Solutions’ approach encompasses everything from vehicle leasing to maintenance, making green transportation more accessible.
Flexport has launched the Convoy Platform, aiming to boost the logistics ecosystem for shippers, carriers and brokers.
Outsourcing the review of unsafe driving videos can help a carrier maximize the return on a dashcam-driven coaching system by handing the video clip screening process to experts.
Texas-based factoring company Genesis Network Telecom filed for bankruptcy liquidation on Wednesday.
Following 15 months of challenges, U.S. ports are once again experiencing substantial growth in inbound containers.
Takeaways from the State of Freight webinar this month kick off with an “abysmal” February.
New cyber-risk requirements for container terminal owners and operators are part of a major maritime cybersecurity initiative announced by the White House.
Spot market metrics saw a brief reprieve in January as winter storms sidelined capacity, but carriers say the market will likely stay depressed for at least a couple more months.
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
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Newbie airline Starlux in Taiwan has signed with Airbus for five large A350 freighters, an aircraft that is still under development.
Leveraging data hinges on understanding data. That is where third-party partners like Körber Supply Chain can make all the difference.
Ryder has opened a new logistics center in Laredo, Texas, as trade continues to expand between the U.S. and Mexico.
Expeditors makes less money than it did five years ago.
CloudTrucks has purchased Shipwell’s brokerage, and Shipwell plans to focus on its SaaS offering.
The benchmark price used for most diesel surcharges was unchanged.
Federal safety regulators have advised owners of older anhydrous ammonia tanks to conduct pressure testing to avoid catastrophic failure.
FreightWaves SONAR and Trucker Tools have added real-time flatbed rates into the Trucker Tools Smart Load Board.
With the addition of two secondhand Boeing 737-800 freighters, Kenya Airways Cargo is more than doubling capacity and extending its reach to the Middle East and India.
Teamsters Canada said negotiations with Canadian National Railway Co. and Canadian Pacific Kansas City have stalled over issues of pay and working conditions.
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
Spot-exposed carriers are likely to see a boost to their Q1 2024 financials.
The newest regulation on insurance in New Jersey brings uncertainty to the motor carrier world.
Volume data at Expeditors suggests that the year-on-year decline is slowing from where it was earlier in 2023.
DeliverDirect serves various industries, including retail, pharmaceuticals, manufacturing and related sectors.
The Airforwarders Association has begun to collaborate more with international counterparts and moved the date of its annual event away from Super Bowl Sunday.
“Grabbing the Hammer Lane,” a one-actor show with trucking as a theme, is winning strong reviews.
Third-party logistics provider Air Van announced it acquired G&C Cartage.
Pro-Trump truckers said they will refuse to take loads to New York City after the former president was fined $355 million in a civil fraud verdict last week.
A recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.
The Georgia Ports Authority sets export record in 2023; the Alabama Port Authority and CSX partner to launch an intermodal facility; and the Port of Cleveland receives $32 million for upgrades.
This week in Borderlands: Cross-border logistics firms expand operations into Mexico; Texas State Highway 130 toll road truck traffic up over 9%; Karat packaging opens new distribution facility in Arizona; and Pirelli opens Mexico training center, hits 50M-tire milestone.
Transportation providers should watch both coasts for increasing spring activity in March.
The Teamsters, which have been mostly winning lately, saw their union kicked out by some workers in Wisconsin.
Universal Logistics posted lower Q4 revenue in its trucking, intermodal and brokerage segments.
In addition to key issues in lawsuit, parties at odds over scope and time frame.
The downward slope in cargo revenue at Air Canada began to level out during the fourth quarter, and management is optimistic 2024 will be better for airfreight than last year.
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Fleet telematics provider Motive Technologies filed a lawsuit Thursday alleging Samsara Inc. copied and used its proprietary technology and patents.
Samsara is working to create a system of record specific to physical operations, helping users conceptualize variables like fuel consumption and asset location.
Quiet and zero tailpipe emissions battery-electric trucks are gaining popularity across the industry for parts shipment to assembly plants.
The EU’s new supply chain law focuses on corporate accountability in regard to human rights and environmental practices.
Amazon Air is closing a Texas cargo-handling facility, which will result in the layoff of 65 workers.
The crisis in the Red Sea will require companies to start planning for peak season in the next few months.
Cass freight data for January shows continued weakness, but the month included harsher-than-normal winter weather.
A federal task force wants contract details from truck drivers to help expose and combat predatory lease practices in the trucking industry.
UPS is rationalizing its air network as demand falls, but it is still adding aircraft when it makes sense.
Port director Gene Seroka cited replenishing inventory and consumer spending as drivers of growth.
Former President Donald Trump is lashing out at President Joe Biden ahead of Biden’s scheduled trip to East Palestine, Ohio, saying the president waited too long to visit the site of a train derailment.
Two owners of a Utah trucking group were recently convicted for their roles in a pay-to-play fraud scheme that siphoned more than $108 million from FedEx Ground.
An administrative law judge ruling against the current system of chassis pools was upheld by the full Federal Maritime Commission.
Investment bank Piper Sandler cut its rating on trucking-focused bank Triumph Financial even as it offered praise for the company’s strategy.
Ryder has a plan in place to reduce its reliance on equipment leasing. Its progress could be seen in its earnings.
A CSX worker was killed Tuesday in North Carolina when he was hit by moving equipment.
Retired rail workers in Mexico created blockades at border crossings in Arizona and Texas on Wednesday, seeking severance pay and benefits from Mexican authorities.
Alaska Air Cargo will debut its second Boeing 737-800 freighters next month, opening the door for the first all-cargo service between Alaska and Los Angeles.
Revenue strength will likely be a second-half story for GXO.
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A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.
The Federal Railroad Administration is warning rail workers about the dangers of rolling stock following the death of a Norfolk Southern worker last week in Alabama.
Angela Chao, CEO of global shipping firm Foremost Group and Mitch McConnell’s sister-in-law, died in a car accident.
Houthiville and Mother-in-law Nature are making international logistics a visit to the eyeball surgeon before modern painkiller.
How do you spend $41 billion without buying more ships?
The European Union blessed a Korean Air takeover of Asiana Airlines under the condition that Asiana sells off its cargo airline.
Transportation and manufacturing groups are warning federal regulators against using driver-assist data in developing a rule that could determine a trucking company’s ability to stay in business.
Trimble Inc. reported fourth-quarter transportation revenue of $194 million, boosted by strong sales in North America.
Zoning changes banning logistics facilities in Deerfield, Illinois, are to take effect Feb. 20.
ArcBest announced Tuesday it can now provide autonomous and remote-controlled forklift technology.
The owner of an Ohio trucking company pleaded guilty to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores.
Texas leads the U.S. for the most traffic bottlenecks for truckers on ATRI’s 2023 Top Truck Bottlenecks list, with 13.
International Roadcheck through North America will take place in mid-May this year.
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
New Jersey’s leading insurance trade group says umbrella coverage is likely the way to go for fleets looking to meet the state’s new $1.5 million minimum.
The DOE/EIA benchmark price used for most fuel surcharges is above $4 for the first time since December.
Mexico’s trade with the U.S. rose 2.5% year over year to $798 billion in 2023, boosted by exports of fuel and imports of passenger cars.
Digital freight marketplace CDL 1000 has acquired Next Trucking after the latter announced in June it was looking for new funding.
Small and large trucking companies will see benefits restored if the Senate advances a new tax package.
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Liquid bulk hauler Kenan Advantage Group announced it has entered the dry bulk space with the acquisition of Northern Dry Bulk.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
The air cargo market has certainly turned around from the depths of last summer, but the extraordinary increase in January volumes should be taken with a grain of salt. Conditions are improving, but short-term factors inflated the January numbers.
Reaction to RXO’s fourth-quarter earnings has been decidedly negative, and the first quarter started off weak.
As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.
This week in Borderlands: Zerio focused on technologizing global supply chain security compliance; Port Houston welcomes new Latin America shipping container service; Tesla auto parts supplier expanding Texas logistics operation; and Korean EV parts maker opens factory in Mexico.
The current level of deterioration is historically fast, meaning the truckload market has the increasing potential to flip to a much tighter environment without much notice.
This week on FreightWaves we look at whether UPS is struggling or not; a convoy rallying for stricter border patrol takes over Texas; the FMCSA cracks down on sham towing fees; another trucking company files for bankruptcy and truckers in Mexico strike against cargo theft.