News

Triumph Financial’s earnings saw a tighter EBITDA loss at TriumphPay and a largely flat average invoice price in its transportation factoring business.

Eastern U.S. Class I railroad said its third-quarter net profit fell 24% amid lower operating revenues.

Aspects of freight and transportation are prominent as some of the most-loved horror classics. We polled the FreightWaves’ staff to see what their favorites are.

The cross-border trucking industry is recovering from a migrant surge and Texas inspections, trade officials said.

On his first earnings call as Union Pacific’s CEO, Jim Vena said his goal for the railway is to “win and be the best in the industry.”

“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.

American Airlines Cargo had a disappointing, but expected, third quarter. Management says new aircraft and operational enhancements should help attract customers as the market improves.

On this episode of Taking The Hire Road, Jeremy Reymer, founder of DriverReach, is joined by a great industry friend and partner, Max Farrell, co-founder and CEO of WorkHound.

Transfix has closed a $40 million Series F funding round during “one of the most challenging markets in freight history,” company officials said.

Prospective acquirers are looking at Convoy’s platform and engineering and product teams.

Seattle-based digital freight broker Convoy on Wednesday canceled all shipments from its marketplace and company representatives promised more details of a business transition were forthcoming. By Thursday, company employees were told in a meeting that Convoy was “closing down its core business operations.”

Digital brokerage Convoy is closing, with no buyer coming in to rescue its operations.

Pam Transportation Services sees truckload fundamentals weaken further during the third quarter.

Mega-forwarder Kuehne+Nagel is working with one of its top air logistics vendors to make airport cargo transfers faster.

Austin, Texas-based Tank Payments, a trucking fintech company, has received Airbnb’s Economic Empowerment Award.

The impacts of double brokering are felt by carriers and brokers alike, disrupting operations and causing financial and liability risks for everyone involved.

A third-generation family-owned trucking company and brokerage — Certified Freight Logistics, headquartered in Santa Maria, California — is ceasing operations on Saturday after 95 years, citing “falling freight rates and reduced volume.”

Lower revenues dented Union Pacific’s earnings for the third quarter of 2023.

Omnichannel fulfillment provider Stord’s new service is designed to make delivery to retail DCs more affordable for smaller merchants.

Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.

Nikola will replace battery packs in its electric trucks following several fires. The pack is a high-cost component.

Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data on container movements and a container’s financial streams can help ward off illicit trade.

Automaker Tesla’s plan to build a factory in Mexico could be delayed past 2025, CEO Elon Musk said Wednesday.

Industry could see more freight brokerage closures amid a changing financial climate.

Truckload carrier Marten saw its earnings fall from a year ago and detailed how much of that was caused by higher fuel prices. 

Volvo Group reported strong third-quarter results but reported slowing orders as trucking demand returns to normal.

Shippers aren’t paying freight forwarders because their cargo was delayed. Now those forwarders want Qantas Airways to eliminate their handling charges because of a self-inflicted operational breakdown.

On demand on WHAT THE TRUCK?!? Dooner is joined by Craig Fuller; Brittain Ladd; Lee Brittain; Thomas Wasson; Justin Martin

Digital brokerage Convoy has canceled all shipments and shut its load board, with an announcement of its future upcoming.

U.S. Rep. Doug LaMalfa, R-Calif., argues that a long-standing tax on new trucks is an inefficient way to sustain the ailing Highway Trust Fund.

Cass’ shipment data was up sequentially for a second straight month in September and the truckload linehaul index was positive for the first time in more than a year.

Patrick Whitehead and Derek Taylor will lead different aspects of CN’s operations as the Canadian railway seeks to make its operations more “innovative” and “modern.”

FreightTech company Flock Freight’s chief revenue officer has departed after eight months. The company also is cutting positions on its social and creative teams.

Chemical distributor benefits from close relationships with its carrier partners.

Lingong Machinery Group is investing $5 billion to build a plant and industrial park in northern Mexico

Activist investor Ancora said it will move to remove Forward Air’s board and CEO if a Tennessee court rules a shareholder vote on the Omi merger is warranted.

J.B. Hunt’s overall financial performance in the third quarter was weak, but slight strengthening in intermodal volumes was celebrated.

United Airlines had a weak quarter for cargo revenue, but it’s on par with the rest of the industry.

Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.

Global Crossing Airlines is using its small regional jets to airlift aid to Israel. Other U.S. carriers are more cautious and have canceled flights to Israel until further notice.

Welcome to the WHAT THE TRUCK?!? Newsletter presented by AIT. In this issue, ATA revises driver shortage numbers; CEVA gets robots; and record out-of-service orders. ATA gets it wrong on […]

Logistics warehouse owner Prologis on Tuesday noted some cracks in demand, which it attributed to interest-rate policy and geopolitical fears.

During testimony at hearings on the Federal Maritime Commission’s regulatory functions in 1978, a former FMC chairman called out his successor on a lack of communication within the organization.

FedEx Ground two-day shipments must ship by Dec. 20 to arrive on or before Christmas Eve.

The Brotherhood of Locomotive Engineers and Trainmen wants the Federal Railroad Administration to issue an emergency order prohibiting freight train lengths greater than 7,500 feet.

Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.

Anderson Economic Group says the auto industry is entering the “danger zone” as the United Auto Workers strike continues with economic losses reaching $7.7 billion.

Tuesday filings before a Delaware bankruptcy court are asking for the use of professional auction houses in the disposition of Yellow’s trucks and trailers.

American Trucking Associations CEO Chris Spear uses his annual address to urge motor carriers to fight for industry well-being.

The California Trucking Association has filed suit in federal court, seeking to block implementation of the California Advanced Clean Fleets rule.

Logistics warehouse landlord Prologis beat expectations for the third quarter on Tuesday.

Roadrunner announced Tuesday a new service that waives 100% of the freight bill for shipments that don’t arrive on time.

A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.

Decline in this week’s benchmark is catching up from an earlier slide at CME.The retail diesel benchmark used for most fuel surcharges fell although futures and wholesale prices continue to trend higher.

Supply chain software provider e2open has a new shareholder in activist investor Elliott Management.

Data reveals 2023 will be a record year — by far — for commercial carrier shutdowns ordered by the government for new carriers.

New technologies are hitting the market daily, and these tools are capable of improving everything from driver selection to litigation outcomes.

After a week of striking by 3,900 workers in three states, bargainers at Mack Trucks and the UAW will resume talks Thursday.

A BNSF coal train derailed at a bridge north of Pueblo, Colorado, spilling coal and rail cars onto Interstate 25 beneath. The highway remains closed for now.

A Shipware analysis finds the rate and surcharge tables of UPS and FedEx look unsurprisingly alike.

Despite a tumultuous year, the Flock Freight team is optimistic about how its technology is advancing and the future needs of the industry when it comes to its mode offering.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Claudia Coetzer; Tim Drucker; Justin Martin

The logistics industry is collaborative by nature, and project44 regularly embraces partnerships to create and improve data-driven solutions for their customers. Over the past few years, Google Cloud has become one of the company’s most impactful partners.

Averitt is well positioned to be a shipper’s comprehensive transportation and logistics solutions provider with a gamut of services including port drayage, distribution and fulfillment, truckload, LTL, cross-border and nearshoring logistics, and final-mile transport.

With over two decades of experience in logistics, Regan Daniels’ evolution is a story of adaptability and a pursuit of efficiency.

Reliance Partners brings per-load Shipper’s Interest coverage to freight brokers and carriers to their TMS, providing protection on cross-border, international, LTL and high-value shipments.

The air cargo market has pulled out of its 1.5-year dive, but analysts say don’t be deceived by the slight seasonal improvement. Real growth is many months away.

The proliferation of freight brokerages is giving truckers a lifeline.

The shaky U.S. economy occupied the No. 1 spot for motor carriers in the latest American Transportation Research Institute survey of top trucking issues revealed by ATRI President Rebecca Brewster.

This week in Borderlands: Mexico remains top US trade partner in August, Laredo No. 1 gateway; Eden Green begins $40M vertical farming expansion near Dallas; Production, exports of Mexican-built trucks fall for second straight month; and Port of Brownsville receives $11.5M to overhaul cargo dock.

Flexport has elevated a new management team after getting rid of CEO Dave Clark last month.

A Walmart facility in California will expand its next- and two-day delivery capabilities.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Joe Collopy; Becky Ellsworth; Greg Miller; Angela Mancuso; Justin Clarke

During the past century, hundreds of ships in the U.S. merchant marine have been named after colleges and their football teams.

With the last mile the most complicated part of the shipping process, new solutions could help, but it will take a strong balancing act.

Given the surplus of available capacity, shippers are more confident in switching to “just-in-time” freight strategies as consumer resilience remains an open question.

Logistics provider Flexport is moving ahead with a second round of layoffs this year.

An electric vehicle charger without data intelligence on when it is available and operating is like a hot dog without a bun.

Wing gives an inside look into its expansion as drone delivery becomes more widespread.

After World War I, veterans took up farming and provided food supplies and wheat to Western Australia. But when emus began to threaten that supply chain, another war broke out. The emus won.

National Transportation Safety Board Chair Jennifer Homendy said a new rule calling for passenger trains to have inward- and outward-facing image recording devices should also have applied to freight trains.

California says, once again, that the state’s trucking sector is holding up under AB5.

The integration of Blue Yonder and Doddle is designed to strengthen end-to-end returns management services primarily in the U.S. market.

The Port of Montreal has received funding from Canada’s National Trade Corridors Fund to build a new terminal aimed at boosting the port’s container handling capacity.

The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.

The International Trade Commission terminated a patent infringement claim by lidar maker Ouster against Chinese competitor Hesai.

In this week’s episode of Taking The Hire Road, Jeremy Reymer, founder of DriverReach, is joined by a great industry friend, Michael Precia, the CEO and president of fleet safety and risk management system Fleetworthy Solutions.

The state of Texas has resumed commercial truck safety inspections at a Laredo border crossing amid backlash from the Mexican president and trade operators.

Israel’s agriculture ministry and Israel Defense Forces have developed a dedicated distribution channel to move foodstuffs northward.

A Q3 shipper survey by Morgan Stanley suggests the freight industry has moved “deeper into limbo” as completion of an excess inventory purge now leads to uncertainty as there is no immediate need to restock.

Add Kansas to the list of states that require more than one person in the locomotive cab of a freight train.

Delta Air Lines cargo revenue fell by more than a third in the third quarter, reflecting weak market conditions.

The nature of lithium-ion batteries — and the gasses they produce while burning — make it difficult for even the most prepared fire departments to extinguish these fires.

“There is no good lane or bad lane or good deadhead or bad deadhead. There is only a focus on what is a good route for the driver to maximize their profitability,” says aifleet co-founder and CEO Marc El Khoury.

A 40-year-old Montana trucking company and freight brokerage has shuttered operations, leaving nearly 275 truck drivers and office personnel without jobs.