Old Dominion readies for eventual turnaround
Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.
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.
Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.
The FBI says it has disrupted a drug operation that used truck drivers to transport narcotics from Mexico to the U.S. and Canada.
This feature empowers GoodShip’s shippers to craft personalized constraints, aligning with supply chain goals for optimal, strategic procurement decisions.
FreightWaves Inc. is divesting its media arm to focus on its high-frequency data offering, SONAR. FreightWaves media is being acquired by its founder, Craig Fuller, and merged into FLYING Media Group (FMG). FMG will be renamed Firecrown.
CtrlChain, formerly ChainCargo, unveils a mission-focused rebrand in order to drive sustainability through digitalization and industry collaboration.
Less-than-truckload provider Roadrunner announced the addition of 135 new lanes as well as service to parts of Canada.
A convoy of trucks and other vehicles are reportedly heading to the Mexico border calling on the federal government to take action against illegal immigration.
Federal investigators have charged two current and two former Massachusetts State Police (MSP) troopers, along with two others, alleging the six traded favors in exchange for giving passing scores to certain applicants in a fraudulent commercial driver’s license (CDL) scheme.
Link Logistics records another big year of final-mile property additions in 2023.
The mismatch between electric truck availability and charging infrastructure prompted Daimler, Volvo and Navistar to make a PACT.
Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.
Third-party logistics provider Kenco Logistic Services has announced it will close its Indianapolis facility and lay off 110 workers.
Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.
It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.
Rail is often characterized as one of the more “old school” transportation options, but recent developments in the space have challenged that narrative.
In this edition: The evolution of ghost jobs that are hiring but really aren’t, and a deal finally closes and moves forward.
While FMCSA has issued minimal requirements for MVR checks, carriers doing only the bare minimum are creating and perpetuating visibility gaps that leave their fleets vulnerable.
Supply chain visibility provider Vizion is partnering with D&B to launch its new solution, TradeView.
Subpar 2023 results and uncertain 2024 guidance sent shares falling.
The benchmark price used for most diesel fuel surcharges rose for the third time in six weeks.
The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.
Saturday will mark one year since a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio. NS is joining the federal Confidential Close Call Reporting System, the only Class I railroad to do so.
Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Jim Allen; John Santagate; Danny Ramon
The latest agenda from DOT delays rules on truck speeds and automated driving systems.
Jumbo Beverages announced a permanent layoff of all employees at its beverage distribution center in Grapevine, Texas
J.J. Schickel, CEO of Omni Logistics, will not be in an executive role at the combined Forward Air-Omni company.
Rachel Premack (that’s me) has a new job outside of journalism. This means no more MODES (for a little while).
This week in Borderlands: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge.
Lagging effects of the pandemic are still making evaluating the economy a challenge.
Sweden’s Volvo Group reported strong Q4 results but pointed to normalizing demand, code for lower sales already visible in slackening orders.
Slow growth in mega-leases is expected to continue through 2024, CBRE said.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Gord Magill; Ian Rust; Rob Liss; Conrad Lilleness
Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.
In this edition: Grip heads for the fulfillment game, warm Georgia gets cold storage, and Ben & Jerry’s might have unlocked the best flavor of ice cream.
On this week’s episode of Taking the Hire Road, host Jeremy Reymer was joined by KSM Transport Advisors Chief Operating Officer Chris Henry.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
Canada-based Bison Transport is partnering with CPKC to provide cross-border intermodal service between Canada, the U.S. and Mexico.
A Texas-based trucking company has filed for bankruptcy liquidation four days before a wrongful death civil trial filed by the family of one of its former drivers who drowned in 2016 was slated to start in El Paso County, Texas.
WattEV continues to roll up a lion’s share of federal infrastructure grants as it plots electric charging corridors
FedEx and UPS reinstate money-back guarantees on second-day morning air service.
Lunar New Year and the Suez Canal conflict are having a significant effect on supply chains.
Love’s plans on adding as many as 2,000 truck parking spots this year, less than in recent years.
Detention time is one of trucking’s most pernicious issues. Two former retail executives explain why the industry can’t seem to fix it.
Ex-Slync CEO Christopher Kirchner was found guilty Thursday of four counts of wire fraud and seven counts of money laundering following a four-day jury trial in the U.S. District Court for the Northern District in Fort Worth, Texas.
Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.
Six people have pleaded guilty so far in a federal fraud case involving former executives at Polar Air Cargo, customers and service providers.
Marten Transport reported net fourth-quarter income that was more than 50% lower than a year ago.
American Airlines’ cargo results in the fourth quarter were lackluster considering the industry experienced a mini-renaissance after hitting bottom in the summer of 2023.
Mexico’s Isthmus of Tehuantepec rail corridor could complement container movements along the Panama Canal.
Walmart partner DroneUp can now fly drones beyond the visual line of sight.
As many are predicting another shift in the second half of the year, the co-founder of Sifted has advice for both carriers and shippers moving into 2024.
The air cargo industry finished 2023 on a high note and is getting an extra boost from the Red Sea shock as shippers divert ocean freight to keep their supply chains fluid.
Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.
Analysts at Morgan Stanley are bullish on the growth prospects for
Canadian National Railway Co.’s business units in 2024.
Humble leadership at Paccar forgoes a victory lap its as profit streak reaches 85 years with regular dividends paid out since 1941.
The initial effect of Houthi attacks was on containerized consumer goods. The attacks are now snarling seaborne fuel flows.
Covenant Logistics Group said the freight cycle is bottoming out, and it expects the market to slowly improve over the next several quarters.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Matthew Leffler; Alan Adler; Donny Gilbert; Justin Martin
Fleet telematics provider Samsara Inc. (NYSE: IOT) filed suit against rival Motive Technologies in federal court Wednesday, alleging Motive, formerly KeepTruckin, copied and used its proprietary technology and engaged in false and misleading advertising.
Semi-trucks are getting better at monitoring what drivers do and, frankly, driving themselves. Truckers are understandably concerned.
Chattanooga, Tennessee-based Covenant Logistics Group’s fourth-quarter revenue declined 7.4% year over year to $273.9 million.
TriumphPay came in at positive EBITDA in the fourth quarter, a full year ahead of schedule.
Volvo Trucks North America revealed a 90% new VNL over-the-road truck that promises up to 10% better fuel efficiency.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
China Cargo Airlines has delayed the start of its inaugural freighter service to Miami for undisclosed reasons.
Truck maker Paccar Inc. reached 85 consecutive years of posting net income with record sales and profits in the fourth quarter.
The undisclosed investment will support Optym’s enhance of transportation optimization solutions.
The benchmark price of diesel used for most fuel surcharges was down again, its 14th drop in 18 weeks.
Walmart is the largest company in the world. Its elite, well-compensated trucking fleet is part of the reason why.
Ryder System is leasing space at a Houston maintenance facility to Kodiak Robotics for driverless truck operations.
Paccar is recalling 11,053 medium-duty trucks because an improperly seated mirror glass lock ring may allow glass to fall out.
United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year.
The Postal Service balked at electric delivery trucks, but it is getting with the program, starting with off-the-shelf Ford E-Transits.
As a freight broker, you are on the front lines of ensuring safe, efficient and compliant transportation of goods.
Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Rachel Premack; John Kingston; Guy Courtin; Sean Laidacker
Forward Air announced Monday that its deal with Omni Logistics will close at a slightly reduced amount.
C.H. Robinson said 10 of the top less-than-truckload carriers on its platform are now using electronic bills of lading.
Network for perishables e-commerce D2C segment to open in 4 states
Matt Silver launches US-Mexico logistics startup Cargado with $3 million in pre-seed funding.
Shippers’ mood has been buoyed by positive economic prospects for the U.S., while brokers and carriers are encouraged by a possible market shift.
Visibility providers project44 and FourKites take their defamation fight to the Illinois Supreme Court.
Drivewyze has launched a new service to push safety notifications live to ELDs and other devices.
This week in Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024; Texas receives $70M grant for hydrogen fuel stations; automotive manufacturer announces $400M factory in Mexico; and Texas logistics park receives $1.5M grant to expand services.
The domestic truckload market gets rattled by a series of winter weather systems.
Nikola is in no hurry to artificially boost its stock price to ward off its second Nasdaq delisting notice in eight months.
Flexport CEO Ryan Petersen on Friday announced the company has raised $260 million from shareholder and e-commerce provider Shopify.
After President Abraham Lincoln was assassinated, his body toured the United States in a funeral procession by train as the country mourned the loss.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Molson Hart; Ollie Danner; Jake Guerra; Jackson Alexander