Volvo preliminary Q1 financials surprise, delight market
Volvo posted unexpectedly strong preliminary sales and earnings in Q1, reversing a dour projection made just months ago. (Photo: Volvo Group)
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Volvo posted unexpectedly strong preliminary sales and earnings in Q1, reversing a dour projection made just months ago. (Photo: Volvo Group)
“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.
Lidar maker Ouster sued Chinese rival Hesai alleging patent infringement, a situation the company has experienced as a defendant.
Using the company’s platform, Repowr Connect, shippers, fleets and 3PLs can share their available assets with other network members, helping parties find on-demand capacity.
GXO will operate six new warehouses in the U.K. for supermarket giant Sainsbury’s.
Amid lower commodity costs, retail CPG prices should stick, leading to margin recovery.
Now on demand on WHAT THE TRUCK?!? Dooner is talking to FreightWaves Rachel Premack, Justin Martin; Banyan Technology’s Brian Smith; Frayt’s Luke Denny
An executive with 30 years of experience in trucking and technology has been named COO of the National Motor Freight Traffic Association.
EPA is proposing stricter standards and revisions to move heavy trucks to zero-carbon beginning in model year 2027.
In 1977, news of the looming threat of a strike by a union of dockworkers was prevalent in the pages of American Shipper magazine. The publisher at the time ended the April issue that year with an opinion piece discussing the threat.
Parallel Systems is proceeding with the next step in its development of autonomous rail vehicles, which is to test having multiple vehicles strung together and see how these vehicles can integrate into the existing freight rail network.
Cargo insurance is vital protection for carriers, but preventing damages in the first place, like these tips from Reliance Partners, can help them avoid cash payouts and maintain trust with shippers and customers.
Companies that resemble an Expedia for airfreight are making their portals more accessible to logistics customers outside their home countries. Agents are watching for potential conflicts of interest.
ASL Aviation has several airlines that support express delivery companies and e-commerce retailers. It plans to serve them with drone delivery too.
Team drivers for Cromex Inc. of Villa Park, Illinois, say they were stranded for three days in a hotel room, more than 1,000 miles from home, after the owner failed to deliver on his promise to pay drivers and set them up in a new truck.
Rents in the Chicago logistics market rose 15.7% compared to a year ago. Some in-demand submarkets saw rent increases of 20% or greater in Q1, according to Colliers data.
Truckload rates will continue falling at a steep rate in the second quarter while less-than-truckload rates level, a report from a large 3PL asserts.
Truck safety advocates and labor are at odds with big business over a request to loosen regulations for driverless trucks.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
Current market conditions – combined with the climbing expenses of operating and maintaining a truck – have created a difficult situation for the small companies that keep America moving.
President Joe Biden signed a bill ending the COVID-19 national emergency, but U.S. border vaccine requirements remain in place for foreigners.
Pilot is replacing its CEO and CFO, and TA says a key date has passed in its pending sale to BP.
“We are looking to empower these independent contractors and truly treat them as owners of their businesses,” Luke Denny, co-founder and CEO, told FreightWaves.
The price benchmark used for most fuel surcharges has fallen to a level less than where it was when Russia invaded Ukraine.
A brand change ends lead company LaserShip’s involvement in the name of what is now simply “OnTrac.”
A first-quarter survey of shippers showed inventories are being drawn down and that a second-half freight recovery remains in play.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
Arrival once had a $5.4 billion valuation. Its $524 million valuation in the electric van maker’s second SPAC is about 10% of that.
Rail car manufacturer Greenbrier posted gains in its second fiscal quarter net income amid revenue increases for its manufacturing, maintenance and leasing business segments.
“If there comes a time when you have a crash and attorneys or law enforcement start digging into your records and find falsifications, it’s all going to come to the surface,” said Brian Runnels, vice president of safety at Reliance Partners.
Forward Air said Monday it is adding an intermodal drayage operation in Linden, New Jersey, to serve Port Newark.
Striking Sysco drivers in Louisville, Kentucky, reached agreement on a contract, the first since the union was voted in last August.
“We think about these investments as long term. We’re not making them for the next few quarters, we’re making them for the next few years and beyond,” said XPO’s Ali Faghri.
Two Canadian cities are taking an aggressive stance against illegal truck parking and storage in their communities.
A Florida-based trucking company filed for Chapter 11 bankruptcy protection recently, owing truck drivers back wages.
After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.
This week in Borderlands: LG Energy Solution is building a $5.5 billion EV battery plant in Arizona; a France-based auto parts maker opens a $147 million plant in Mexico; Nuevo Leon opens a $100 million “peripheral” highway; and an Arizona port of entry opens cold storage rooms.
What do historically low rejection rates mean for the truckload industry?
The port of entry in Laredo, Texas, regained the No. 1 spot among the nation’s 450 international gateways for the first time in three years.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
The way that trains are configured might have factored into the derailments of six Class I trains over the past two years, according to the Federal Railroad Administration.
On demand on WHAT THE TRUCK?!? Dooner is joined by FreightWaves Justin Martin; EFW’s Lance Harcrow and Ernie Magalotti; George Mason University’s Brent Skorup and Universal Logistics Services Inc.’s Carlos Barahona
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
In 1975, American Shipper originally covered the launch of the “catamaran-tug,” which completed its maiden voyage to Port Everglades with a 42,000-ton cargo of gasoline for Shell Oil Co.
Several airlines are in the process of obtaining 737-800 cargo-modified aircraft. The magic number is two.
The truck transportation sector increased jobs in March, reversing a one-month decline in February.
While ocean carriers are not facing the same risks as their domestic trucking counterparts, given their consolidation and enormous war chests, ocean’s weakness in demand will continue to trickle down into truckload markets.
Transportation Secretary Pete Buttigieg has been lambasted for his performance. Supply chain insiders don’t entirely agree with the criticism.
At the market The year for beauty Some Dollar General stores are expanding their beauty products and that just seems like the right move to me. Supermarket News says the […]
A Nevada bill restricting train lengths has been introduced, while Ohio Gov. Mike DeWine has signed a bill that mandates freight train crew sizes of at least two people.
FedEx said it aims to slash $700 million per year in costs through a massive overhaul of its air network, part of a larger corporate profitability initiative.
American shipping magnate believed in efficiency and economies of scale in operating the world’s largest ships.
Kodiak Robotics was shooting for easier maintenance of its autonomous trucks but it made them appear more normal in the process.
UBS’ Tom Wadewitz says more clarity on cost-cutting actions provides a “long runway” for stock.
The White House is evaluating a proposal that may require new trucks be equipped with automatic emergency braking systems.
Trucksafe’s owner joins Taking the Hire Road to discuss the latest Drug & Alcohol Clearinghouse statistics.
The debt rating of Ryder, already in investment-grade territory, was upgraded by S&P Global Ratings this week.
“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.
DFI Systems’ president says soaring lumber prices, the costly decision to move the company’s headquarters during the COVID-19 pandemic and the inability to find new investors was the perfect storm that forced him to lay off 90 workers, including truck drivers, in late March.
Costco’s sales report for March is evidence that U.S. consumers are spending their money on essential items and not discretionary ones.
ArcBest announced Thursday that Treasurer Matt Beasley will assume the role of chief financial officer in May.
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
This is the first time that 3PLs have been the top player in the warehouse leasing market since CBRE began compiling data in 2012.
When John heard his trailer was missing, he was able to track the stolen property using his LandAirSea GPS and lead authorities to the thief. He saved the trailer, $300,000 worth of material and likely his reputation with his customer.
Increasingly volatile weather threatens safety and efficiency throughout transportation. Tomorrow.io’s weather intelligence is finally allowing teams to focus on drivers, not manual weather monitoring.
Computer issues have led to long lines for Mexican cargo truckers at a Texas border port of entry.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
Federal Express Corp. will consolidate its air, ground parcel and other units; LTL will operate separately under the brand.
Startups aim to help CPGs achieve clean labels while governments revise health regulations.
In 1990, Martin Scorsese directed acclaimed gangster flick “Goodfellas,” captivating audiences with the story of a famous heist. The movie was loosely based on the 1978 heist of a Lufthansa airplane’s cargo, and the true story is even more unbelievable than the script.
Now on demand on WHAT THE TRUCK?!? Dooner is live from FreightWaves 3PL Summit with Blue Yonder, Turvo, Turvo, Front, and Truckstop
Truckers Integral to our Economy starts with handful of members but very clear target.
Ireland-based cargo group ASL Aviation is expanding to Australia with the acquisition of a FedEx contract carrier.
Walmart doubles down on omnichannel.
Corrugated box demand is tracking below 2022 levels – which was a poor year for the industry. Meanwhile, many companies’ costs remain elevated.
Lufthansa Cargo is building up a fleet of regional cargo jets to support express carriers in Europe and North Africa.
A trucking group’s assertion that Washington violated its First Amendment rights following the painting of the city’s “Black Lives Matter” street mural did not hold up in appeals court.
Truck manufacturers booked about 19,000 Class 8 truck orders in March, a manageable load that lets them whittle away at backlogs.
Hydrogen fuel cells the only real option for long-haul trucking, North American Council for Freight Efficiency predicts.
Shekar Natarajan moves on as logistics provider Quiet Platforms looks to improve on a disappointing outlook.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
Newly tapped interim CEO Lance Rosenzweig is targeting a four-fold increase in Pitney Bowes’ share price in coming years.
Maersk is rapidly expanding from a pure ocean carrier to a cargo airline. The latest move is the establishment of new routes between the U.S. and China.
Teamsters representing workers at Sysco are on strike, while separately, the union was voted out of a warehouse in Wisconsin.
Democratic lawmakers from Pennsylvania and Ohio have introduced a second piece of legislation, the Railway Accountability Act.
Birmingham airport in Alabama welcomed the first regularly scheduled 747 freighter organized by logistics provider Kuehne+Nagel.
Whether you’re a startup looking to gain an edge or an established firm trying to ride the waves, you’ll find data here to help you make informed decisions.
The DOE/EIA benchmark diesel price declined for a ninth consecutive week, but developments in the oil market point higher.
Contract talks between the Teamsters and UPS are set to begin April 17 in Washington.
A five-year conspiracy to disable emission-control devices installed in trucks has ended in a federal guilty plea for a Rhode Island trucking company owner.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
Tesla issued a voluntary recall of 35 Semi trucks just three months after its release.
Cummins used the occasion of a visit from President Biden to announce more than $1 billion of investment in its plants.
Now on demand on WTT Dooner is joined by First Gear, Inc.; XPO; Bitfreighter; Cowan Logistics and ARL Logistics