News

In this issue of the WHAT THE TRUCK?!? newsletter tech bros eyeball UPS pay; trucks are stalked with AirTags; Postal Service loses big.

Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.

ALAN has expanded its website to include information about recovery needs in Hawaii.

Yellow said employees who expected their paychecks Thursday would receive them Friday. However, it remains unclear when workers will receive pay for accrued vacation days.

R.E. Garrison’s executive director of safety and HR joins Taking The Hire Road to discuss the company’s driver-first mindset.

UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract. This is just the beginning for jobs in the physical economy.

Proposed rulemaking on automatic emergency braking (AEB) introduced in June by the National Highway Traffic Safety Administration and the Federal Motor Carrier Safety Administration is getting more pushback from a coalition of state law enforcement officials and brake manufacturers that argue more dialogue is needed before moving forward.

Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.

NOAA now says there is double the chance for above-normal Atlantic hurricane activity from May forecasts.

Numerous acquisitions the past several years bolstered logistics firm’s end-to-end capabilities.

“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen.

“Leadership has got to make sure they have the right information, as well as the right driver at the right time for the right reason,” said Lytx’s Jeff Martin.

While AI technologies have the potential to transform the shipping and logistics industries, their success takes careful and strategic planning.

In the post-pandemic pivot from just-in-case to just-in-time manufacturing, digital freight network Convoy has launched a service to help shippers and carriers manage risk.

After two recent deaths of conductor trainees, CSX is recalling about 350 people to their home terminals for additional training.

The Federal Railroad Administration and the Occupational Safety and Health Administration separately released reports Wednesday on how Norfolk Southern can improve rail safety.

Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.

Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.

A proposal requiring automatic braking on trucks needs more than a 60-day comment period, state agencies and brake manufacturers assert.

Cathay Pacific is rebuilding its passenger network after a three-year pandemic freeze, and the network effect is greatly benefiting the freighter operation.

Maximizing productivity is a mission-critical task in the management of fleets. In addition to overseeing day-to-day complexities, busy fleet managers are also tasked with finding exactly the right commercial solutions […]

Hyliion Holdings has enough cash and investments to run its business through 2024 without raising new capital.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by John Beckius; Rachel Premack; Justin Martin

Yellow Corp. released second-quarter financials Wednesday following a bankruptcy petition earlier in the week.

The U.S. Postal Service’s non-GAAP loss nearly doubled year over year, while shipping volume was down slightly and revenue was flat.

BNSF’s Sandpoint Junction project entailed the construction of a new bridge and the rehabilitation of an older bridge across Lake Pend Oreille in Idaho.

Lowe’s has been changing the way it deploys trucks to deliver goods and has garnered a spot on FreightWaves’ annual list honoring shippers.

Master your Inbound Cargo Logistics. Navigating inbound cargo supply chains can be complex and costly. With over 50 years of industry-leading experience, Averitt can show you how to: Download the […]

The federal heavy vehicle use tax year began on July 1, and taxes for 2023–2024 are due by Aug. 31.

Once the world’s hottest parcel market, China hit the skids in 2022 as the economy experienced a frail recovery from the pandemic, a Pitney Bowes report said.

Containerized imports are rising seasonally, as expected. This year is on track to top pre-pandemic volumes by low single digits.

Atlanta-based FleetCor Technologies reported fuel transaction revenue of $399 million in the second quarter, a 6% year-over-year increase.

Less-than-truckload carrier CrossCountry Freight Solutions announced Tuesday it has closed on the acquisition of Express 2000 Transportation.

Freighter operator Western Global got in financial trouble when the overheated air cargo market cooled off last year and nearly shut down this summer before getting a financial lifeline from creditors and filing for bankruptcy.

About 1 million daily packages were diverted from UPS and 200,000 more did not enter the system due to lost sales.

Hyzon Motors is willing to consider selling itself or merging to keep making progress on its fuel cell system.

“Waterfall tracking” means that a visibility provider, like Trucker Tools, automatically assigns the best available tracking method to each individual load based on information provided when the track was created and what the company already knows about the carrier.

We are now in peak season and, as all logistics data has shown, it is not going to be stellar.

Expeditors had a second-quarter financial performance that might be expected from a company active in the air and ocean freight markets.

A policy think tank is urging lawmakers and regulators to carefully examine what economic and environmental outcomes could occur if the federal government decides to regulate the length of freight trains.

Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.

Cargo operations at a Texas border port were temporarily delayed Tuesday by an influx of migrants.

UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters.

Spencer Patton says a widening wage and benefit gap with rival UPS will make it hard for FedEx Ground contractors to recruit qualified drivers.

Cash-strapped electric bus and battery maker Proterra Inc. sought bankruptcy protection Monday and plans to operate during reorganization.

The benchmark diesel price used for most fuel surcharges is up more than 11 cents a gallon this week.

DOT and MarAd are moving on a new database aimed at preventing vessel collisions.

Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.

Rate deals and spikes don’t last forever, and smart industry players know caring for the partners who will sustain them when the market inevitably shifts is mission-critical.

The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Kevin Nolan; Larry Long; Justin Cornwell

Most Volvo and Mack electric trucks built since 2019 will get new batteries because of a fire risk caused by loose material in the batteries.

Using an asset-light model, JHT delivers new trucks to dealerships and customers.

Modern tour planning tools — like HERE Tour Planning API — make next-generation route visibility and optimization possible.

Second-quarter freight volumes fell 11% across BNSF’s segments for consumer, agricultural and industrial products and coal.

Yellow’s bankruptcy filing suggests that secured creditors are likely to be paid in full.

Western Global Airlines, struggling under a heavy debt load and weak market conditions, has filed for Chapter 11 bankruptcy protection in a Delaware court.

Less-than-truckload carrier Yellow Corp. on Sunday filed for bankruptcy, putting to end the 99-year-old trucking firm.

Daimler Truck said CFO Jochen Goetz died in a “tragic incident,” but the company gave no cause of death for the 52-year-old executive.

Yellow was the third-largest LTL carrier in the U.S. and controlled around 7% of the total less-than-truckload market. So the question on everyone’s mind is what the impact will be on supply chains now that Yellow has closed.

This week in Borderlands: A stronger Mexican peso could pose challenges for U.S.-Mexico trucking; Tesla seeks $100 million to build Semi truck charging stations; OmniTRAX taps a former Amazon exec to lead its Texas railroad; and cargo truck processing returns to a Texas border crossing.

Transportation providers are going to have to maintain an aggressive posture when competing for business during the upcoming bid season.

DOT’s inspector general recommends FMCSA take steps to clamp down on foreign carrier safety compliance.

FedEx Corp. has laid off more than 900 workers at facilities across the country since June.

After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.

“…at FreightVerify, it is a distinct honor to play a role in the industry’s transformation,” said FreightVerify’s Greg Nelson.

Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.

Getting drivers on the road faster boosts productivity, says CRST, which was conditionally granted a CDL exemption renewal.

CSX’s chief operating officer, Jamie Boychuk, will be leaving the company, while the Rail Customer Coalition wants President Joe Biden to renominate Surface Transportation Board Chairman Marty Oberman and board member Patrick Fuchs to the board.

Sun Country Airlines had a strong quarter for cargo thanks to growth in its Amazon business.

3i Infrastructure-backed Regional Rail is adding Clinton Terminal Railroad to its assets in North Carolina.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Brad Perling; Monte Cedillo; Ryan Rogers; Justin Martin; Haley Fazio

Less-than-truckload carrier XPO said it would add capacity to meet the increased demand created by Yellow’s departure.

Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.

The Bureau of Labor Statistics’ latest report shows truck transportation jobs at a level in July less than last October.

“Part of what worries us about trucks, in particular, is that the truck vehicle networks weren’t really designed to be put on the internet,” said NMFTA’s Ben Gardiner.

Steve Girsky, the man responsible for bringing Nikola public three years ago, is taking over as CEO — the third chief executive in a year.

By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Change is all around […]

Less-than-truckload carrier XPO saw shipments and tonnage surge in July as a competitor shut down.

Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.

Could Kodiak leverage some of the work Navistar has in on a redundant chassis for a Class 8 autonomous truck?

Canadian truck drivers say companies are withholding millions in unpaid wages, but recouping money proves difficult.

Two suspects were killed after a truck driver for Werner Enterprises was taken hostage while parked in his rig at an Ohio truck stop early Wednesday.

Texas-based flatbed carrier Daseke does not expect to see improvement in the freight market the rest of the year.

Werner Enterprises reported an earnings miss for the second quarter on Thursday after the market closed.

Supply chain technology provider Trimble posts impressive Q2 results and says truck spot rates may have “bottomed out.”

snapshot of ports in 1991 reveals the importance of a new radio-frequency technology launch at the time, when a terminal in Honolulu first received the tech.

Amazon’s earnings per share of 65 cents nearly doubled consensus estimates.

BNSF wants a court to throw out an order from the Surface Transportation Board that BNSF ship more export coal on behalf of Navajo Transitional Energy Co.

Class 8 truck orders rose in July, but they are still in the summer doldrums and trail replacement demand.

Kodif’s founding team showcases experience, resulting in the development of a technical product that empowers even those lacking technical proficiency to effectively utilize it.

The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.

Jeremy Reymer, CEO and founder of DriverReach, is joined on this episode of Taking The Hire Road by a great friend and innovative leader, Justin Clarke. Clarke is the founder and CEO of F|Staff, an on-demand truck driver staffing company.

Multimodal provider Schneider National reeled in its 2023 earnings outlook by roughly 13% on Thursday.

GXO Logistics is one of few companies to better its 2023 estimates and raise its guidance.