News

Deutsche Bank’s Amit Mehrotra says cumulative 8.8% per-package increases over five years should balance out elevated labor costs for the UPS contract duration.

“In an era where financial empowerment can impact the success of companies and the livelihood of small business owners, we’re making sure the trucking community can take advantage,” says OTR CEO Fritz Owens.

An NLRB action is being viewed by the Teamsters as providing an incentive for companies to consider independent contractors as employees.

Employees at Yellow Logistics were terminated Tuesday.

Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.

Schneider National announced it has acquired Massachusetts-based M&M Transport Services.

Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.

Transportation prices fell sharply again in July, but the rate of decline is slowing.

The team at Tenstreet prides themselves on being visionaries and problem solvers, always working to increase the company’s offerings while solving client pain points.

BNSF has reached a sick leave and work-rest agreement with BLET; CSX and SMART-TD have partnered to extend CSX’s conductor trainee program.

Less-than-truckload carrier Yellow Corp. is reported to be close to a deal with one of its current lenders to obtain debtor-in-possession financing to facilitate a bankruptcy.

Like other trucking OEMs, Daimler Truck rode higher prices to solid second-quarter results while incoming orders fell.

DHL Group forecasts $7.7 billion in earnings before interest and taxes should a recovery take hold early in the second half.

The August 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 […]

Yellow’s demise is a “huge benefit for our industry,” TFI International CEO Bedard says.

Uber Freight’s negative EBITDA was improved from the first quarter, but revenue has declined steadily for more than a year.

“The establishment of a Silicon Valley-based technology lab is a natural evolution for Ryder,” says Ryder’s CMO.

Teamsters local unions representing 340,000 full- and part-time workers at UPS Inc. voted Monday to endorse the tentative five-year agreement.

The one-week increase in the benchmark diesel price used for most fuel surcharges is one of the biggest ever.

Volume declines ate into TFI International’s revenue in the second quarter.

Western Global Airlines could be on the verge of Chapter 11 bankruptcy.

About half of diverted parcels, almost exclusively to FedEx, will not return to UPS, consultancy ShipMatrix says.

“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.

The National Transportation Safety Board says more frequent track inspections could have helped prevent a fatal September 2021 Amtrak derailment that was caused by “poor track conditions.”

Truckload carrier Heartland Express reported worse-than-expected second-quarter results on Monday.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Adil Ashiq; Matt McLelland; Mike Lombard; Robert Powell

J.B. Hunt Transport is helping Nikola reduce its inventory of battery-electric trucks and adding to the order bank for fuel cell models.

Same-day or next-day Prime deliveries are four times greater than in 2019, Amazon’s Herrington says.

Companies that are able to make data-driven decisions gain a competitive edge over their peers in any market.

Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations.

The express division of DHL Group plans to build a large maintenance facility at Cincinnati/Northern Kentucky International Airport, part of a huge investment in the company’s U.S. air network.

“Poor CSA scores can lead to warning letters from the FMCSA, more inspections, higher insurance rates and negative publicity,” said J. J. Keller & Associate Inc.’s Josh Lovan.

Volvo Trucks North America is recalling 63,095 vehicles because the windshield wiper motor may fail, limiting visibility in rainy conditions.

Transportation spend optimization is a shipper’s secret weapon to transform its spend management process, improve inefficiencies, and reduce complexities and operational risk.

Over 57% of roadside inspections result in at least one violation. Reliance Partners’ director of DOT regulatory compliance shares regulations that drivers and carriers commonly overlook.

Download the complimentary report today to access the full insights.

Canada-based transportation provider Titanium Transportation announced Monday the acquisition of Georgia-based truckload carrier Crane Transport.

The Teamsters union said late Sunday it received a legal notice that Yellow Corp. will be filing bankruptcy.

Less-than-truckload carrier Yellow Corp. closed its gates at 12 p.m. Sunday.

This week in Borderlands: BNSF Railway rethinks its plan to build a Texas logistics center after community opposition; Paschall Truck Lines adds a new cross-border terminal; Niagara Bottling will build a logistics center in Central Texas; and the Commerce Department honors three Texas-based export businesses.

An unseasonable upward trend in truckload tender volumes is giving domestic transportation providers the potential inflection point they have waiting for.

Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.

CPKC eyes opportunities for intermodal and for beefed-up business in Mexico to help recoup higher costs and lost revenue in the second quarter.

All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.

NTI works to provide carriers with actionable data and benchmarking studies, enabling them to make informed decisions about their own compensation packages.

In an article published in 1992, American Shipper details the first use of barcodes for shipping Chrysler vehicles.

On an earnings call with analysts, Saia’s CEO and CFO tried to address the pending collapse of Yellow without mentioning the company’s name.

Universal Logistics reported revenue of $413 million and earnings per share of 90 cents during the second quarter.

Now on demand on WHAT THE TRUCK?!? Dooner is talking to Lori Ann LaRocco; Jamie Hagen; Joe Stevens and Kevin O’Brien

Against significant odds, the Federal Reserve might realize its once-unlikely goal of a “soft landing” — that is, taming inflation without also triggering a recession.

Yellow told nonunion employees that all locations are shutting down or seeing layoffs. The trucking company said regular operations cease Friday.

Investor confidence coincidentally clashes with an executive’s stock sales at autonomous trucking developer.

The latest data from WarehouseQuote indicates retailers have ho-hum expectations for the holiday season.

When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.

Saia’s second-quarter earnings show a decline in volume but by a relatively small amount.

ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.

After experiencing two years of record growth during the COVID-19 pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought to find a buyer and slashed its rates nearly a year before it filed for Chapter 11 bankruptcy protection on Monday.

On Thursday, Yellow Corp. said it is seeking a buyer for its logistics business and the union said negotiations have been fruitless.

Hub Group reported $1 billion in revenue and earnings per share $1.44 during the second quarter.

CPKC released second-quarter earnings results as a merged company.

NS is seeking to improve network fluidity after the East Palestine train derailment, cut down on Ohio-related costs and match resources with market demand in the second half of 2023.

This episode of Tracks Through Time focuses on the crisis over the Suez Canal that put Egypt at odds with France, Britain and Israel. The story has surprising twists and unexpected secret motives. Find out how this shaped the future of shipping routes and globalization.

Inside the WHAT THE TRUCK?!? newsletter Yellow’s impending bankruptcy; freight volumes show signs of life; a pair of trucking scams and more

Navistar saw a big drop in orders, but deliveries of new International trucks helped parent Traton to strong second-quarter results.

Federal rules on driver instructor background requirements are hampering carriers’ ability to staff trainers, according to companies.

Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.

Even truckload companies are being asked how a Yellow collapse might benefit them; Covenant had an answer on its second-quarter earnings call.

Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.

AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone.

Reliance Partners’ VP of risk services breaks down what motor carriers need to know about FMCSA safety ratings.

Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.

Revenue declines and a $416 million expense charge put pressure on Norfolk Southern’s second-quarter 2023 net profits.

Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.

The Department of Transportation’s “supercharged” Freight Office will be tasked with overseeing and coordinating competitive grants and how they fit into a national freight strategy.

New sick leave agreements and other deals will increase Union Pacific’s labor costs. Investors on UP’s second-quarter 2023 earnings call wanted to know by how much.

The future of Waymo Via had been whispered about for months after parent Alphabet Inc. cut thousands of jobs across the company earlier this year.

A number of consumer-facing companies have pointed to intensifying spending weakness during Q2 earnings season.

Covenant Logistics’ second-quarter earnings reflected, as expected, a weaker truckload market.

Molson Coors strives for flexibility and readiness in its supply chain, which is why the Chicago-based company garnered a spot on FreightWaves’ annual list honoring shippers.

At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.”

Ryder’s second-quarter performance was mixed, but it forecast a much stronger second half, sending the stock climbing.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Aaron Rubin; Rachel Premack; Chris Smith; Alan Adler; Justin Martin

Cold chain failures lead to the same profit losses and headaches as other supply chain mishaps, but on a much greater scale.

Industry watchers believe a Yellow bankruptcy is inevitable. Some of the company’s 30,000 employees are starting to feel nervous too.

Consumer demand is putting pressure on intermodal and lumber volumes and that is weighing on how CN views the back half of this year.

Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.

Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.

Growing wage disparity between carriers may fuel resentment among FedEx Ground drivers, Alan Amling argues.

Former Union Pacific and CN executive Jim Vena will be UP’s next CEO, while sustainability and strategy EVP Beth Whited has been promoted to president.

Wabash reported record Q2 earnings because it was able to price its trailers and truck bodies higher than the cost of materials.

Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.

A letter from the Teamsters negotiating committee on Tuesday showed it has been unable to come to terms with less-than-truckload carrier Yellow Corp.

The waiver the EPA granted to California to allow its Clean Trucks rule to proceed has states lined up in court on either side of the issue.

The Canadian wildfires and lower volumes for intermodal and crude oil put pressure on Canadian railway CN’s revenue for the second quarter of 2023.

A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.

“As a result of these unfortunate circumstances and the impact on the network, we are limiting pick-up operations in all terminals,” the memo states.