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The company lined up about $350 million in financing and cites acquisitions and debt payments as the core of its plans.
Roughly 65% of Truckload Carrier Association member fleets have structured brokerage operations, estimates Chris Henry, program manager of the TCA Truckload Profitability Program (TPP), but very few companies have insight into how their asset-light division stack up against their peers.
Freight forwarder’s leading indicator of trade is still positive, but growth has slowed with ocean freight showing the most decline.
Canada Post workers in Montreal back to work following order to end strike. Here’s a look at the aftermath of the strike.
A dicey delivery season looms.
The size of the US goods trade deficit with the rest of the world increased again in October, as a large decline in exports and a small gain in imports pushed the deficit near record levels. The total value of traded goods fell slightly during the month but is still considerably higher than at this point last year despite significant changes to trade policy.
In a 45-minute chat at a Credit Suisse conference, Jim Foote insists that it isn’t all about cost-cutting.
Heavy snow and rain will make it nearly impossible or dangerous to move freight through the Sierra Nevada tonight. Alternate routes or waiting are main options.
FreightWaves adds truck driver employment level estimates.
As any driver knows, parking is at a premium at truck stops, even during the middle of the day. A new survey is being conducted to get an update on the current parking situation.
Same-day shipping has been made popular by the likes of Amazon, but small-time retailers find it hard to keep pace. California-based startup Shipsi is changing that by assisting shippers to plug into last-mile delivery options and helping them provide the elusive same-day shipping experience.
On Tuesday afternoon, Arrive Logistics popped champagne as the freight brokerage officially opened its downtown Chattanooga office on Market Street. We spoke to Arrive executives about the company’s culture, growth story, and plans for Chattanooga.
The goal of sanctions is to drive up the costs so that it’s no longer tenable to undertake illegal transfers. J.B. Hunt announces partnership with p44. Lithium boom raises questions. Industry incumbent C.H. Robinson doing big time tech.
In spite of the prediction challenges everyone faces, what does Doug Waggoner foresee coming down the transportation pipe in 2019?
Coming in at No. 9 on the Freight.Tech 25 list is C.H. Robinson (NASDAQ: CHRW), one of the tried-and-true providers in the freight space. Robinson’s Navisphere technology platform is part of the company’s commitment to providing solutions to its customers and carrier partners.
The numbers from the Black Friday-Cyber Monday period are seen as supporting the company’s projections of a 17% increase
Panelists at an Atlantic Council event Tuesday pointed to several areas of ag trade in North America the updated NAFTA should enhance.
The National Academies of Science has identified seven core research areas that it said could help DOT determine possible changes to truck size and weight.
Trade advisory to CBP’s new subcommittee structure offers more efficiency to tackling complex issues.
Avin International Ltd. and Nicos I.V. Special Maritime Enterprises pleaded guilty in a federal court in Texas to charges of multiple oil discharges.
The Office of Foreign Assets Control said Cobham Holdings agreed to pay a $87,507 civil penalty to settle three violations of the Ukraine Related Sanctions Regulations.
John Paul Hampstead (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION INSIDE FREIGHTWAVES’ SONAR) Roughly 65% of Truckload Carrier Association member fleets have structured brokerage operations, estimates Chris Henry, program manager of […]
Printz Bolin promoted to vice president of external relations; Tim Strauss joins advisory board.
Google Search becomes part of XPO’s last-mile tracking portfolio.
So far, there have been zero responses to our requests for more information from RushNet, XYZ Hemp, or GreatRateFreight.
Ever wonder where the U.S. gets its produce during the winter months? Our latest infographic may help answer that question.
We interview project44’s new CFO, CTO and CMO as the visibility solution provider, fresh off a capital raise, prepares to scale rapidly.
Venture to allow Hunt customers to access all truck carriers on one interface
Freight forwarder and logistics firm targets 5% annual growth through 2021 thanks to tie-up with CMA CGM.
FreightWaves announced the Freight.Tech 25 at MarketWaves 18 earlier this month. The list highlights the most innovative and disruptive companies in transportation and logistics. Industry giant FedEx (NYSE: FDX) ranked high on the list, coming in at number eight.
Some drivers may have to extend Thanksgiving vacations as more lake effect snow piles up in the Northeast. Windy, icy conditions also concerns.
A driver incentive program, which not only prompts drivers to make smarter and safer driving decisions, but also promotes driver happiness, is one way to increase driver retention.
Is e-commerce making traffic congestion in urban areas worse? Gas demand plummets in South Korea; a state DOT seeks solutions through art; turnkey logistics in Asia and more.
The Office of the U.S. Trade Representative has received more than 100 stakeholder submissions to inform its approach toward bilateral discussions.
Rally, is a startup working on creating an on-demand mobility service by helping communities look at bus ride-sharing as a way to get to concerts, festivals, and sporting events.
We posted a story yesterday profiling an iconic truck stop in Portland. In Part II we talk to drivers who stopped at Jubitz for fuel, a bite and well-earned rest.
The Alcohol and Tobacco Tax and Trade Bureau released a 132-page proposed rule that would affect several aspects of U.S. alcohol trade with foreign countries.
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION AND DAT INSIDE FREIGHTWAVES’ SONAR) Whether you call it a driver shortage or a driver squeeze, it’s no secret that the trucking […]
Customers will be able to view and manage multi-carrier shipments from a single platform.
“Supply chain technology and analytics have huge potential,” according to a partner at the investment firm.
Donald E. Wood Jr. and Woody’s Trucking ordered to pay nearly $1.3 million in connection with the illegal transportation of drip gas.
The Canadian government this evening put an end to a Canada Post strike that has disrupted deliveries during the peak holiday season.
New York-based company adds industry veterans and offices in Texas and South Carolina.
This morning Fleet Complete, a global leader in connected vehicle technology and software, announced that it had been acquired by the Ontario Teachers’ Pension Plan, a large fund with $193.9B in assets.
The move amounts to 14,700 factory and white-collar workers in North America. Five plants are up for possible closure.
Detroit tops list of places for online retail start-ups; climate change seen having a major impact on U.S. infrastructure.
Tomorrow from 2 to 3 p.m. FreightWaves CEO Craig Fuller and Chief Economics Ibrahiim Bayaan will present our November Market Update: What the Data is Telling Us About the Freight Market. The webinar is sponsored by Convoy.
The next wave of supply chain innovation will focus on weaving technologies together to make global supply chains more efficient, resilient, transparent, and less costly.
Being one of the world’s fastest-growing predictive supply chain platform and delivering real-time visibility and analytics to a wide range of Fortune 500 companies and 3PLs, has helped FourKites take the #7 spot in the Freight.Tech 25.
CMA CGM is selling its logistics division to CEVA as it seeks a majority stake in the company through a tender offer.
Upply is looking to pioneer a more efficient and transparent supply chain market that could effectively help industry stakeholders unleash their full potential.
Jubitz brings in about $40 million of the company’s $175 million annual revenues as the industry contracts and braces for tech and regulatory headwinds.
The U.S., Mexico and Canada likely will formally ink the updated pact during the G20 summit in Buenos Aires.
System to go live later this year or early next year will replace the Regulations.gov filing process.
Ashley Coker (CHART: DATA FROM TRUCKLOAD CARRIERS ASSOCIATION AND DAT INSIDE FREIGHTWAVES’ SONAR) Brokerage revenues dropped at asset-based carriers as the market deteriorated between June 2018 and August 2018, according […]
Decision to retrofit 10 vessels made in response to upcoming low-sulphur regulation; first 13,000-TEU ship will be ready to sail in March.
Trans Global Projects Group-managed shipment departed U.K. facility Thursday for 9,600-mile trip expected to take between four and five weeks.
JD Walker’s son, Lance Cpl. Jeffrey Walker, was killed in Iraq over 11 years ago. In a few short weeks, Walker will deliver a truckload of remembrance wreaths to Arlington National Cemetery in honor of his son and other deceased veterans as part of the annual Wreaths Across America initiative.
The strikes would end the day after the Governor General signs the legislation.
Blizzard conditions to cause problems in Plains, Midwest through Sunday. Zero visibility, dangerous roads, major delays.
The benchmark price of domestic crude oil has dropped by 25% since early October. Historically, that would be a great thing for truckers, but with carriers operating more efficient trucks and oil production tied into the freight economy more than ever, it could be a warning sign for the broader freight market.
Protests over rise in fuel taxes have turned violent in Paris, leaving two dead and 600 injured.
The reality is, many of the tasks handled by our operations, accounting and customer service teams are repetitive and prime candidates for automation. In general, any repetitive, rule-based task is a prime candidate for automation. So why haven’t they already been automated?
The Swift program will offer courses through Southern New Hampshire University.
Canada is working to finalize an ELD rule for truckers in that country. The rule would closely mirror the U.S. regulation, with a few significant differences.
Chris Henry, Program Manager, TCA Profitability Program (PHOTO: SHUTTERSTOCK) You’ve done it a thousand times. Walking through operations, you’ve asked yourself, “Why am I paying these smart people to spend […]
Central Oregon Truck Company will wrap-up its cross-country tour hauling the U.S. Capitol Christmas Tree with one last stop at Andrews Air Force Base in Maryland this weekend before the tree is dropped off at its final destination.
The Canadian Parliament is still considering legislation but the union is pushing back.
At MarketWaves18, FreightWaves announced the Freight.Tech 25, the industry’s list of the most innovative and disruptive companies in transportation and logistics: Uber Freight took the sixth position.
Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.
Georgia ranks 47th (out of 50) in urbanized area congestion. At least area leaders seem to realize that things can only get worse without some serious advance analysis.
Ashley Coker (PHOTO: KENWORTH) Central Oregon Truck Company will wrap-up its cross-country tour hauling the 49th U.S. Capitol Christmas Tree with one last stop at Andrews Air Force Base in […]
Drivers at Swift Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), now have the opportunity to earn college degrees online through Southern New Hampshire University’s College for America program.
The government signaled a day earlier it was prepared to take such a step.
They couldn’t get a truck to the school but the kids learned anyway how their stuff gets to their houses.
Ashley Coker (PHOTO: SWIFT TRANSPORTATION) Drivers at Swift Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), now have the opportunity to earn college degrees online through Southern New […]
As you sit down for the traditional Thanksgiving dinner today, you’ll be enjoying not only some great food, but the lowest average cost of Thanksgiving meals since 2010, according to the American Farm Bureau Federation.
At a time when used truck pricing is holding strong and new truck orders seem to surge month after month, many wonder when the proverbial crash is coming. Tam thinks the good times are likely to continue into 2019, with the market taking a turn in the second half of the year.
Quick acquisition broadens 3PL giant’s portfolio.
A Connecticut DOT study found that tolls on the state highways could generate $1 billion a year. Despite that, the incoming governor is focused only on adding tolls for trucks.
This week’s headlines bring us an array of reasons to be grateful for the coverage of FreightWaves and What the Truck?!? U.S. and China face last chance to avoid Jan. 1 tariff hikes, but don’t get your hopes up, Freight.Tech25: In spite of rocky year, Tesla shocks the world and places third. Freight.Tech 25: Silicon Valley money and the network effect lead Convoy to #4, Battery and design woes continue to torment e-scooter startup Lime (with special guest Casey Larkin), Major Thanksgiving snowstorm to delay truckers out west: flooding in some valleys. Then, they play another round of Big deal little deal?Finally, they spend 5 Good Minutes with Marissa Ash from Transfix.
Company faces backlash over allegations of poor treatment of workers in Memphis.
How much of the strength is pre-tariff purchases? How much of the talk of weakness is “on the other hand” economics?
Dangerously cold arctic air heading to the Northeast for Thanksgiving. Record temperatures with harsh winds.
The second FreightWaves book, Freight Revolution: the supply chain will never be the same, sponsored by Uber Freight, is now available for download.
One-time regional player rides wave of renewed oil and gas development with new terminals and more drivers.
The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.
Last-mile delivery is especially difficult for oversized items such as furniture, where retailers face challenges with rising customer expectations in speed, flexibility and quality.
A Goldman Sachs report several months ago laid out the strengths of the app that matches loads, but does a lot more than that.
There are projections by the company of a leveling but it’s not imminent.
Penske Truck Leasing and UST Global combined on an accelerated IT training program that has seen 18 graduates move into jobs in Penske’s IT department.
The Office of the U.S. Trade Representative on Tuesday issued a 53-page update to its March-completed Section 301 report on China’s policies related to IP, tech transfer and innovation.
A variety of weather-related issues will impact the movement of freight heading into the Thanksgiving holiday.
YRC, Teamsters say pilots mean more earnings for drivers.
Shipper group says change would reduce costs, promote competition with NVOCCs.
The Office of Foreign Assets Control has taken particular aim at sanctioning those individuals and entities involved in the maritime transport of oil for the Assad regime.
Centralized location allows vehicle manufacturers to save on their inland distribution costs, says CEO John Murray.
New York-based company specializes in time-critical transportation and logistics solutions.
Ashley Coker Used Class 8 truck pricing held strong in October and same dealer sales volumes rebounded after a slight dip last month, according to preliminary data from ACT Research. […]
