Schneider posts cost-burdened Q3
Schneider National missed third-quarter estimates Thursday and cut its outlook for the year by more than 20%.
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Schneider National missed third-quarter estimates Thursday and cut its outlook for the year by more than 20%.
The Canadian Trucking Alliance has created a tip sheet and reporting guide to root out fraudulent carriers in the trucking industry.
Nikola’s recall cost burden and lack of production lead to a dismal Q3 earnings report but the company sees light ahead.
Last-mile delivery is complicated. Technology can make it more efficient, but the key is successfully integrating multiple systems.
CRST is making its first acquisition since 2020 by buying BCB Transport.
After the Great Shopping Spree of 2021, tens of thousands of truck companies will have to shut down to restabilize the industry.
Cummins Inc. reported higher profits and sales in the third quarter as it generated record working cash but foresees Q4 pullback.
A look at U.S. Class I rail employment data shows that head count for train and engine crews grew when comparing averages in 2023 with 2020 — but employment totals for those maintaining equipment and stores appeared to fall.
Werner Enterprises reported a worse-than-expected result for the third quarter as margins in both its trucking and logistics segments deteriorated from the second quarter.
3PL C.H. Robinson had a weak third quarter, as expected, but the late trading in its stock liked what it heard.
Take a look at some of the daring and interesting ways mail was delivered by air in the early 20th century.
The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.
Flexport’s acquisition comes weeks after the venture-funded trucking startup closed down. Convoy has some 400,000 truck drivers in its network.
Aurora Innovation opened its Interstate 45 autonomous trucking route between Dallas and Houston as unease and criticism grow.
Supply chain technology provider Trimble posted impressive Q3 results but said transportation revenue could slow down in the next quarter.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Will Jenkins; Rachel Premack; Justin Martin
As large e-commerce businesses have raised consumer expectations, midsize and smaller logistics companies must keep up and provide the same on-time delivery, visibility and experience. When something goes wrong — and it often does — they must figure out how to adjust quickly by leveraging data from their supply chain.
The freighter conversion business is slowing down, but there remains residual momentum from carriers such as IndiGo.
When it comes to fleets’ electrification at scale, charging infrastructure is the hardest part, and power procurement is a particular challenge. Voltera faces the same challenges a fleet would, but […]
Southwire’s strategic road map focused on FreightTech, strategic partnerships, RFPs, carrier scorecards and freight analytics.
As the industry recovers, keeping a “do more with less” mindset can enhance a company’s growth and help it prepare for the next downturn.
The November 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what […]
Shared warehousing, distribution and fulfillment services are making it possible for companies to adapt to fluctuations in demand, providing the same functional benefits of an owned warehouse, distribution or fulfillment center without the upfront investment and risk.
Omni Logistics is asking a Delaware court to make Forward Air close on a planned merger between the two companies.
Truck drivers are pressing regulators to require brokers to pay them for time lost waiting to pick up or drop off loads.
Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
Forward Air will primarily focus on less-than-truckload opportunities moving forward as it tries to exit a burdensome merger agreement.
Voltera is removing obstacles to electrification for fleets by reducing the risks of developing and operating charging sites.
FreightWaves’ F3: Future of Freight Festival is next week. Here are some of the companies that will be coming.
XPO Executive Chairman Brad Jacobs is the featured keynote speaker for this year’s F3: Future of Freight Festival, hosted by FreightWaves, in Chattanooga, Tennessee.
Greenscreens.ai’s Matthew Silver said with Capacity On Tap, “brokers get all their capacity sources in a single pane of glass without having to reenter data.”
In recent years, the logistics industry has poured unprecedented amounts of time, effort, and money into revolutionizing and optimizing the way goods move through the supply chain. This has changed […]
Oil prices, including the benchmark used for most fuel surcharges, are below or close to Oct. 7 levels.
Rail electrification and locomotives powered by green hydrogen are two goals that the rail industry and federal and state leaders should adopt, according to the Sierra Club’s revised statement on how to encourage clean transportation for the railroads.
Air Canada said it is taking a slower approach to adding cargo jets because there isn’t enough demand now to justify the investment.
Electric trucks are expensive, so Mack Trucks figures avoiders might go for a monthly subscription fee and pay by the mile.
Forward Air said it would accelerate a strategic review of its assets after missing third-quarter consensus and providing a weaker-than-expected fourth-quarter outlook.
FreightWaves CEO Fuller talks Convoy collapse and why things aren’t improving for carriers.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
Tough freight market hits Echo’s debt ratings, down a notch at S&P.
XPO said Monday it plans to increase capital spending to respond to a tightening capacity dynamic following Yellow’s closure.
Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.
A source wonders if UPS’ new offering is a reconstituted version of an earlier stab at quick delivery.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Sal Mercogliano; Reed Loustalot; Charles Gracey; Rust Belt Kid; Justin Martin
Car hauler Jack Cooper Transport has been rumored to be behind a bid for Yellow Corp. just four years removed from its own bankruptcy.
XPO reported a third-quarter-earnings beat on Monday as fallout from a competitor’s closure overshadowed a soft macroeconomic environment.
Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.
Natural gas has long been a bit player in a diesel-driven engine world. That may change with Cummins’ beefier 15-liter offering.
This week in Borderlands: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark Energy’s operations in Texas.
The return of intermodal shipping could accelerate truckload capacity’s exodus.
ArcBest’s less-than-truckload operation saw a meaningful step up in profitability in the third quarter as it remains selective on market share opportunities.
American Shipper magazine has an extensive history of monthly printed issues, each with interesting cover designs. We’ve compiled a gallery of our favorite covers from the 1980s.
A threat to Mack Trucks’ primary business exists as long as brinksmanship with the striking UAW continues.
A bankruptcy judge said Friday that Yellow Corp. can move forward with a plan to use liquidators to dispose of rolling stock.
Saia posted across-the-board gains but its operating ratio worsened as it absorbed higher-than-expected costs.
Universal Logistics Holdings released its third-quarter financial results on Friday, reporting year-over-year decreases in its trucking, intermodal and brokerage segments.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Brian Berry; Tyson Lawrence; Haley Fazio
In a conversation with American Shipper, CarGurus’ director of industry insights and analytics shows that some model inventories will be impacted by the strike and some will be fine.
Echo Global Logistics leverages a variety of intelligence capabilities to provide shippers and carriers with solutions that meet them where they are in their technology adoption journeys.
The upcoming months are littered with major holidays during which carriers can leverage seasonal constraints on capacity for higher spot rates.
After 12 years at the helm of the freight brokerages he founded and bootstrapped in 2011 — SEL Supply Chain Solutions (SELSCS) of Fort Worth, Texas — CEO Dennis Martin says he is winding down operations.
A slowdown will be the pause that refreshes the industrial development segment.
Flexport would hire a small team of Convoy employees and take on its technology stack. That could keep the trucking startup’s app functioning for customers.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
Augmenting a carrier staff with state and federal regulatory experts can help an organization exceed the minimum recordkeeping requirements, which can reduce the risk of a negligent hiring claim.
The Greenbrier Companies, GATX and Wabtec all reported quarterly earnings this week. Among the themes expressed during earnings calls was pervading market uncertainty domestically but an abundance of international opportunities.
Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.
Because of the freight boom in recent years, many smaller carriers, especially those that were new entrants to the industry, fell into unsafe practices.
High velocity in a supply chain means reduced lead times, lower cycle times, better inventory and flexibility. This could be the key to answering quick changes in demand.
ArcBest reports a third-quarter earnings beat when adjusting for several one-off items.
Find out who the unsung FreightTech disrupters are and how they provide unique tools to help shippers.
Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.
Link Logistics added 24 million square feet of space during the third quarter while holding occupancy level.
Amazon’s EPS handily beat estimates, while operating and net income posted four- and three-bagger gains.
A new federal labor standard opens up trucking companies to a wider range of costly employee liabilities, according to a legal expert.
Twelve people died and 42 were injured in 1990 after a sudden fog enveloped a section of Interstate 75 in Tennessee.
Heartland Express books a third-quarter net loss and makes changes to cull unprofitable accounts.
Truckload carrier Covenant Logistics Group said the freight market is bottoming out, and the company is eyeing only a “modest decline” in earnings next quarter.
While indications of a freight market shift are heartening for carriers, their strongest impacts will not be seen until well after the conclusion of the next bid season.
Shooting spree in Maine has drivers in the area on edge
On Wednesday the American Transportation Research Institute (ATRI) released its latest Cost of Congestion study showing U.S. highway traffic congestion added $94.6 billion in costs to the trucking industry.
Shippers and logistics service providers want and need to proactively manage their customers’ shipments, ensuring they keep cadence in line with delivery expectations. When something goes wrong in transit, this demands quick, timely notification from carriers so they can proactively reset expectations or enact contingency plans.
UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.
Forward Air may decide to terminate its merger agreement with Omni Logistics even though a Tennessee court said it won’t stand in its way.
North American manufacturing and retailers have been focused on moving their operations out of China — and closer to home — over the past few years.
Members of the Brotherhood of Railroad Signalmen who work on CSX’s L&N property have ratified their sick leave agreement, CSX said.
Uncertainties over consumer demand and inflation rates are causing Canadian Pacific Kansas City to adopt a more cautious stance as 2024 approaches.
Freight broker and carrier agents at PFQ Companies — carriers Pioneer Transport, Falcon Transport, Quaker Transport and brokerage Quaker Transportation — are thriving, having built businesses able to withstand market highs and lows.
A former senior executive at Polar Air Cargo pleaded guilty to corporate corruption and agreed to pay restitution of $9.3 million in addition to serving a potential jail sentence.
The ultra-buzzy trucking startup Convoy could have fixed trucking. Instead, it shut down suddenly to the shock of industry insiders.
Chattanooga, Tennessee-based Covenant Logistics Group’s third-quarter revenue declined 7% year over year to $288.7 million.
Inflation, higher cargo volumes and diesel prices fueled a spike in congestion costs for trucking companies, according to new data from ATRI.
Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.
CPKC reported a 12% decline in net profit in the third quarter despite higher combined revenues.