News

Covenant Logistics Group reports truckload revenue of $198 million in the third-quarter, despite a soft freight market.

Ryder has been pushing to rely less on vehicle leasing, and it’s getting there. 

The linear model of traditional supply chains is no longer adequate for modern freight thanks to e-commerce and different fulfillment methods. The dynamic nature of today’s supply chain requires unified planning.

ATA economist Bob Costello cites macroeconomic “return to normalcy” as a promising sign for trucking amid stagflation and private fleet growth.

Union workers voted Wednesday to reject the latest employment contract offer from Boeing.

Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.

CN and the Teamsters Canada Rail Conference have scheduled mediation for early 2025 as the sides move closer to a new collective bargaining agreement.

U.S. weekly rail traffic showed a modest gain for the week ending Oct. 19, 2024.

Union Pacific Corp. in the third quarter saw double-digit gains for income and earnings on modest carload volume improvement and lower fuel prices.

Canadian Pacific Kansas City’s third-quarter profits and revenue increased despite the impact of the four-day work stoppage in Canada, the railway reported on Wednesday.

Here’s a first look at Ryder’s third quarter earnings.

A New Jersey supply chain company is making its workforce more inclusive by partnering with a local nonprofit to train people who have autism, providing them skills to become competitive job candidates.

Tesla plans to ramp up full production of its all-electric Class 8 Semi truck in 2026.

October’s SONAR webinar looked at key factors in earning the Shipper of Choice distinction.

Covenant Logistics Group reported 2% quarterly growth in freight revenue, “despite the prolonged general freight market down cycle,” Chairman and CEO David R. Parker said.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.

Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.

Supply chain software provider Manhattan Associates says it is taking longer to close deals.

Learn insights from an MHC dealer and Kenworth OEM on why heavy-duty fleets should consider RNG a priority in their decarbonization strategy.

A Greek-owned freighter capsized and sank after being hit by a bulk carrier in Senegal’s port of Dakar.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Nick Souza; Ashley Hammonds

The Boeing Co. on Wednesday reported a loss in revenues of over $6 billion in the third quarter.

Latest The Stockout show explores sock puppets This is how RFK Jr. sees U.S. food regulators. (Image: FWTV) On Monday’s The Stockout show, which focuses on topics relevant to shippers […]

The second-busiest U.S. container gateway moved record levels of cargo in September and in the third quarter on diversions ahead of an East Coast work stoppage and continued demand for holiday merchandise.

Strong third-quarter volumes have the world’s second-largest ocean container line upgrading its forecast for higher full-year returns.

CSX Transportation has reached new tentative five-year deals with the International Brotherhood of Electrical Workers and the National Conference of Firemen & Oilers. The railroad also announced ratification of an agreement with yardmasters represented by the International Association of Sheet Metal, Air, Rail, and Transportation Workers-Transportation Division.

Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.

An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.

Canadian National Railway posted third-quarter revenue slightly better than a year ago as operations appeared fully recovered from destructive wildfires and a labor dispute that briefly shut down the railroad.

This monthly report analyzes the current state of the freight market based on critical insights from our SONAR platform. October’s session includes an overview of recent disruptive impacts to the […]

TFI CEO Bedard said on an analyst call that he wasn’t sorry the company bought UPS Freight, but he was plainspoken about its issues.

A record number of port calls by container ships presages higher forecast growth for the sector, according to a U.N. report.

DHL Express says a new aircraft maintenance hangar and extra parking positions now under construction will minimize the amount of time aircraft are out of service and increase capacity at its U.S. superhub near Cincinnati.

In this edition: Breaking down talent research findings, and the Port of LA looks to set a new record.

The National Transportation Safety Board said an improperly installed borescope plug led to a January engine fire on an Atlas Air Boeing 747. Maintenance on the aircraft was performed just four days before the incident.

Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced Tuesday. The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union workforce.

Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.

Norfolk Southern (NYSE: NSC) posted third-quarter earnings from rail operations of $1.6 billion, along with an operating ratio of 47.7% and diluted earnings per share of $4.85, the railroad announced Tuesday. 

Uber Freight is expanding international operations with a new customs-focused office in Nuevo Laredo, Mexico.

An Illinois trucking company recently notified most of its company drivers that it could “no longer support part of its fleet operations” and terminated their positions “due to current market conditions.”

Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.

The benchmark diesel price used for most fuel surcharges declined Monday after four weeks of rising prices.

Ocean Network Express and terminal operator DP World created a message on a dockside canvas during Breast Cancer Awareness Month.

Emirates has placed an order for five current-generation 777 freighters and is eyeing a big order for next-generation freighters from either Airbus or Boeing.

According to a new report by Becker Logistics, cargo theft varies seasonally and by mode and location.

Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.

Importers with the National Retail Federation fear a second Trump administration could hurt business with higher tariffs on consumer goods.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan May and Rehman Khan

Welcome to the download hub for Getac’s IDC TCO InfoBrief – your ultimate guide to Achieving Digital Transformation At A Lower Total Cost of Ownership (TCO). This invaluable resource provides […]

Tender volumes and rejection rates moved lower over the past week, while spot rates increased slightly during the week.

This week in Borderlands: Port of Corpus Christi becomes global crude oil supplier; Port of Brownsville secures $43M loan for ship channel expansion; US Lumber Brokers acquires Texas distribution center; and Holt Truck Centers expands across Texas with acquisition.

An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.

Yellow’s Chapter 11 plan before a federal bankruptcy court includes up to $100 million in payments to employees holding paid-time-off and commission claims.

Taylor Swift, who is currently on her Eras Tour, paid over $15 million to ship stage equipment from the United Kingdom to the United States.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by NASA’s Logan Kennedy; Tamara Collyer

In this edition: Long-lasting implications for the medical supply chain following the hurricanes, DeltaTrak gives solutions to the masses and Butterball gets the turkey ready.

Port-owned New Orleans Public Belt Railroad and logistics specialist Heniff Transportation Systems have opened a new state-backed transload facility aimed at dry and liquid bulk customers.

Marten Transport turned in a quarterly earnings report that was negative by almost every measure.

Mexico’s Congress has passed legislation that would reverse railroad privatization laws enacted in the 1990s and give the government more control over rail operations, particularly passenger rail.

Using electric trucks for inbound logistics includes Daimler Truck with a 2026 goal of zero-emissions truck deliveries to its plants.

Azul Airlines will soon deploy its first two Airbus A321 passenger-to-freighter aircraft.

At TIA Technovations, logistics technology leaders tackled the challenges of balancing tech investments with tight budgets. The panel highlighted the need to be strategic with implementations, maximize existing tools and foster collaboration with vendors.

The Securities and Exchange Commission has subpoenaed CSX Corp. regarding misstatements in previously financial reports, CSX said in its latest quarterly filing with the government agency.

A Texas trucking company and its affiliated companies have shuttered operations and recently filed for bankruptcy liquidation, citing serious financial conditions as the main reason.

Forecasts of a bullish freight market were featured in this month’s State of Freight webinar for FreightWaves SONAR.

In this issue of the WHAT THE TRUCK?!? newsletter: is the market normalizing; trucking pandas; more

After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.

Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.

ATRI’s 2024 “Critical Issues in the Trucking Industry” report saw truck parking dominate driver concerns, while motor carriers worry more about the economy.

Consol Energy is suing the owner of the ship that caused the Baltimore bridge collapse that forced the company to shut down its export terminal for most of Q2.

The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Alabama.

Federal officials’ proposal to ban cargo trucks from a Texas border bridge has drawn criticism from the trade community.

Trucking and marijuana use was the background issue in arguments before the U.S. Supreme Court this week regarding a driver who was dismissed for failing a THC test even though he hadn’t used marijuana.

Weekly U.S. rail traffic rebounded into positive territory compared to 2023 for the week ending Oct. 12, after falling below previous-year levels a week earlier.

The air cargo sector is finishing the year with a flourish as peak season demand pushes freight rates even higher.

While hedge funds wring savings from other Class 1 railroads, Union Pacific CEO Jim Vena says his line can win new business with service and “operational excellence.”

CSX faces more than $200 million in reconstruction costs as a result of Hurricanes Helene and Milton, and the income impacts of the storms will be felt in both the third and fourth quarters.

The TriumphPay payments network turned in a positive EBITDA performance in Q3, a key benchmark for the company.

CSX Corp. reported third-quarter operating income of $1.35 billion with net earnings of $894 million, or 46 cents per diluted share, in financial results announced Wednesday.

Nick Persin, director of strategic partnerships for FreightWaves SONAR, spoke with Dylan Alperin, VP of professional services at Keelvar, during the October Webinar about delivering SONAR’s truckload datasets to the Keelvar platform.

Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.

From mainstay events like kick-off parties to more unique offerings like professional speed dating, the summit gives brokers and carriers numerous opportunities to seek each other out.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Marc Gorlin; Wendy Buckley; Justin Boren

Backers of California’s AB5 independent contractor law have scored a fresh victory after the U.S. Supreme Court declined to review the Postmates/Uber case.

Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”

J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.

The benchmark diesel price used for most fuel surcharges rose for a fourth straight week, but futures prices plunged.

J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.

SeaPort Manatee near Tampa, Florida, is slated to get millions of dollars in emergency state funding to help recover from the effects of Hurricane Milton.

FedEx transported six giant pandas between the United States and China this week on what the company calls the “FedEx Panda Express.”

The Port of Long Beach has $2.2 billion earmarked for accelerating zero-emission initiatives over the next decade.

Driver training is one of the most popular – and effective – ways to safeguard fleets against potential litigation.

Boeing’s striking machinists are not currently expected to be the target of job cuts by the company, according to an internal presentation obtained by The Seattle Times.

One of the primary ways Netradyne advocates for drivers is by giving fleet managers a holistic view of their driving habits, highlighting praiseworthy, safe choices they make every day.

In this edition: The first-ever Freight Fraud Awareness Day is here, and women are major players in the supply chain.