News

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.

Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday.

Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.

Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.

When drivers are recognized for their hard work, they’re more likely to feel satisfaction at their jobs, and it gives them a reason to work toward company goals.

Owner-operators Toni and Chris Murphy of New Egypt, New Jersey, said it’s been hard to fight back against an invisible tech-savvy fraudster who stole their trucking company’s identity.

A collapse in volumes, an overabundance of carriers in the market and rising operational costs have tested transportation providers’ endurance. All the while, companies continue to combat deep-rooted issues that […]

Cummins posted higher second-quarter sales and income thanks to its acquisition of Meritor, but EBITDA declined.

What will Union Pacific look like once incoming CEO Jim Vena assumes the role later this month? That’s the question industry stakeholders have been wondering.

A Yellow employee has filed a class-action lawsuit over the company’s failure to provide advance notices of mass layoffs.

New C.H. Robinson CEO Dave Bozeman waxed philosophical on his first earnings call with analysts.

Murray Droescher has been tapped to lead refrigerated freight company TransAm Trucking.

Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.

GXO’s full-year EPS guidance was raised by 5 cents, while adjusted EBITDA was increased by $10 million.

The Brotherhood of Maintenance of Way – Employes Division says BNSF is relying too much on contracted work and isn’t doing enough to grow its ranks of maintenance-of-way employees.

RXO was flat between the first and second quarters, and that proved to be a turnoff for investors in the 3PL.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Walter Mitchell; Ross Kennedy; and Tanner DeHart

Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless.

“The discussion of reducing the de minimis back to the $200 threshold could impact e-commerce retailers with high-value products by increasing costs,” said BoxC Logistics co-founder Chad Schofield.

Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.

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.