Cash burn saddles digital portal Freightos as shipping market sinks
Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
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Freight reservation aggregator Freightos issued its first earnings report as a public company. Reducing losses continues to be a challenge in a difficult economy.
TuSimple co-founder Xiaodi Hou quit the board at the autonomous trucking startup as the company investigated him for employee poaching.
IAG’s cargo division has convinced management to use larger passenger jets on some short-hop routes to capture more cargo business.
Where do truck drivers sleep?
A three-judge panel has reversed a lower court ruling that California’s Proposition 22 was unconstitutional.
The benchmark diesel price used for most fuel surcharges declined for the sixth consecutive week.
A roundup of recent news items from Norfolk Southern, Union Pacific, Amtrak and the Surface Transportation Board.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
Navistar is having deja vu over a safety recall for high engine revving on International vehicles that can overwhelm the parking brake.
On demand on WHAT THE TRUCK?!? American trucker Taylor Barker; StreetDrone’s Mike Potts and Mark Preston; LOST FR8’s Reed Loustalot
Well-known shippers like Gap, Williams-Sonoma, Sephora and Nordstrom have returned to the big carriers after stints at regional carriers, a high-level regional source says.
With Berkshire Hathaway now owning a majority of Pilot Travel Centers, S&P Ratings has raised Pilot’s debt rating.
Participants at a pair of CERAWeek panels expressed excitement for hydrogen as the “fuel of the future” in trucking but starkly acknowledged the high infrastructure costs to make it happen.
Estes Forwarding Worldwide announced it has acquired trade show logistics provider Legacy Logistics.
Daimler Truck recalling 64,064 units for possible steering loss
This week in Borderlands: Mexico starts 2023 as top U.S. trade partner; construction for new Texas commercial port of entry begins; transporter closes Texas terminal and cuts 60 jobs; and Kansas logistics company leases Texas distribution center.
A Senate hearing Thursday provided Congressional leaders a chance to grill Norfolk Southern President and CEO Alan Shaw not just on the Feb. 3 train derailment in Ohio but also on the industry’s views on rail safety.
With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.
View a collection of photos throughout the history of Love’s Travel Stops and the family to celebrate Tom Love’s life.
Trucking company Rapid Response has been sold to its employees, investment banking firm ButcherJoseph announced Friday.
Market conditions will likely become a bit more favorable before they get much worse.
Daimler Truck completed its first year as a stand-alone company with financial results meeting its targets.
On demand on WHAT THE TRUCK?!? What to do when in a truck wreck; flexible supply chains, stress tests; best truck stops and more
Do you know what’s on your PSP record? Reliance Partners’ Mark Barlar shares insight into the story it tells about a driver, how it informs hiring decisions and what drivers can do about it.
Jim Barber, a former top executive at UPS, is seen getting the nod to run brokerage giant C.H. Robinson.
BNSF and three unions reach sick leave deals; Trinity Industries acquires a 3PL; and STB names new members to an energy transportation advisory committee.
Latam Airlines’ cargo division is diversifying routes for flower exporters with a new destination in Los Angeles.
The truck transportation sector in February suffered its biggest drop in employment since the pandemic began.
How confident is Kodiak Robotics of the safety of its autonomous system? How about cutting a sensor cable while the truck is running?
Norfolk Southern notified federal officials about loose wheels, and the Association of American Railroads put out an advisory to halt the use of rail cars that might have this issue.
Flight hours are a proxy for air cargo demand and the amount of time all-cargo aircraft are flying is falling.
The logistics industry is seeing rates continue to fall. How can shippers ensure success in this market before the market adjusts and rates swing back up?
Ford earns Postal Service’s latest EV contract
The automotive industry may stay leaner longer.
Moody’s says regional parcel delivery company LaserShip is challenged by weak liquidity, high financial leverage and soft market demand.
After culling underperforming freight for the better part of two years, less-than-truckload carrier Yellow sees volumes inflect positively.
Antwan Banks has been chosen to oversee the National Motor Freight Traffic Association’s cybersecurity relationship efforts with the trucking industry.
Inside the WHAT THE TRUCK?!? newsletter tracking recycled sneakers; Optimus vs bullies; MoLo shake up and more.
Macro factors supporting warehouse growth remain extremely strong, Prologis’ CEO says.
More than 3 million commercial trucks used the Texas State Highway 130 toll road between Austin and San Antonio in 2022.
GoToro, previously known as FATj, focuses on making the lives of recruiters easier through advanced, data-driven technology.
A CERAWeek panel on the shipping industry complying with IMO 2050 focused on hydrogen but in an undetermined form.
The Association of American Railroads has laid out initiatives the freight rail industry expects to take up to boost safety amid calls from federal officials in the wake of the Feb. 3 Ohio train derailment.
The first woman to command an American merchant ship did so when her husband was too sick to captain in 1856. She was 19 and four months pregnant.
A Bloomberg report says Uber Freight may be a candidate for a spinoff or an IPO.
Weather has a significant impact on retailers, but most still rely on manual forecasting. Tomorrow.io’s advanced weather intelligence is changing the game.
A study found use of hot-box detectors has contributed to a 59% decrease in certain train accidents since 1990.
German giant Deutsche Post DHL posted outsized gains in full-year operating income and said that performance will not repeat in 2023.
Less-than-truckload carrier XPO said it added 30-year industry veteran Wes Frye to its board as it pursues a six-year financial improvement plan.
Outlining the next phase of its development, Wing revealed its new approach to fully autonomous urban drone delivery networks.
Boeing has paused delivery of the 767 freighter until it corrects a fuel tank issue.
U.S. businesses overshot in 2022, importing way more than they needed. The hangover is in full swing, depressing 2023 imports.
FreightWaves was named a finalist in three categories on Wednesday in the 69th annual Jesse H. Neal Awards, the most prestigious competition in business-to-business journalism.
ArcBest’s firing of the founder and the CEO of MoLo Solutions is part of a reorganization to tighten sales functions across the company, it said.
Shipping line NYK says operating Nippon Cargo Airlines is too expensive and plans to sell it to another Japanese carrier.
Among the coming truck regulations in California is one that targets refrigerated trailers, and Ndustrial is preparing for that shift.
Mack, Isuzu and Hino offer new battery-electric medium-duty work trucks as the industry transition accelerates from diesel and gasoline power.
On demand on WTT Dooner welcomes project44’s Bart De Muynck; Tompkins Robotics Michael Carmody; FreightWaves Rachel Premack and SuperTrucker
The startup, led by veterans of last-mile delivery platform AxleHire, rolled out a new solution for perishable shippers.
“While the Railway Safety Act of 2023 has potential, railroad workers are concerned with what is glaringly left out of the bill and what aspects are left to the DOT and FRA to draft, implement, and administer,” said Matt Weaver of Railroad Workers United.
Ceva Logistics is purging 142 jobs at two of its facilities in Mt. Juliet, Tennessee, effective April 22.
Three rail unions representing mechanical workers say BNSF violated federal labor laws because of the way it has handled the staffing for its locomotive maintenance program. The unions also argue that BNSF has been deferring maintenance and adhering to a minimum standard.
Cummins Inc. is rebranding its New Power division to get more attention for its investments in zero-emissions technologies.
Last-mile companies poised to shake up the market
The most lucrative time to buy or sell a trucking company could be right now — as long as the prep work has been done.
Plus One Robotics has raised $50 million to roboticize parcel handling in warehouses and distribution centers.
Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.
The National Transportation Safety Board and the Federal Railroad Administration will conduct investigations into Norfolk Southern’s safety practices.
A North Carolina trucking company notified more than 200 employees on Tuesday it is ceasing operations.
Supply chain issues are in the rearview mirror for Fed inflation policy, but for importers, there’s still room for improvement.
Amazon Air is growing and refining its air cargo network, but at a more gradual pace because of the slowdown in online shopping.
Ryder has sold its Miami headquarters campus to real estate firm Bridge Industrial for $42.1 million.
From one store he and his wife opened in 1964, Tom Love oversaw the growth of Love’s Travel Stops to 600 locations.
Regulators will hold a listening session at the Mid America Trucking Show to help fine-tune proposed rules and guidance governing truck brokers and dispatchers.
Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.
E-commerce SaaS platform BigCommerce added flexibility for sellers with a buy-online, pick-up-in-store offering.
Following two recent derailments in Ohio, Norfolk Southern received more bad news as a conductor died after a crossing accident at a customer facility.
FreightWaves, the leading provider of high-frequency data and news for the global supply chain, has launched FreightWaves Academy, an education platform geared toward teaching the ins and outs of transportation and trucking.
Transportation rates fell at the fastest-ever pace recorded in February, according to a monthly supply chain survey.
“Real-time visibility and responsive risk management gives Overhaul a distinct advantage among supply chain SaaS providers,” said Ryan Ziegler, general partner at lead investor Edison Partners.
Union members representing those working in mechanical, intermodal and facility management at Canadian railway CN voted to go on strike should talks between the parties fail to reach an agreement.
At a leading energy industry conference in Houston on Monday, hydrogen was the star of the show.
The Federal Railroad Administration collects a lot of data related to rail safety. What does that research show when it comes to the performance of the Class I railroads?
A former FedEx Ground contractor, accused of killing 7-year-old Athena Strand of Paradise, Texas, pleaded not guilty to capital murder and aggravated kidnapping charges on Monday during his arraignment hearing in Wise County, Texas.
Daily Russian Fossil Fuel Revenues Still at $500 million
Knight-Swift’s David Jackson and fellow trucking executives sound off on regulations and the economy at TCA’s annual meeting.
The benchmark diesel price used for most fuel surcharges has declined for five consecutive weeks.
Cargojet is scrambling to balance its cost structure as the air cargo market softens by hitting the brakes on the acquisition of 777 freighters.
HHS is preparing to rollout a proposal that could move the trucking industry a step closer to federal recognition of drug hair tests.
The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.
The New Mexico House of Representatives has passed a bill to require a freight train crew size of at least two members. The bill now goes to the state Senate.
Container lines are unable to prop up rates because they haven’t culled enough capacity to compensate for weak demand.
On demand on WHAT THE TRUCK?!?
Hyliion’s Thomas Healy; BlueCargo’s Laura Theveniau and Alexandra Griffon; FreightWaves Tyler Cole; Lippert Components Tony Darnell
SCAC process can be managed online without much help from National Motor Freight Traffic Association.
Shyft Group’s Blue Arc electric delivery vehicle set a new benchmark for fuel efficiency, per the EPA.
Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.
DHL Express recently began cargo flights out of a $55 million cargo facility at Felipe Angeles International Airport in Mexico City.
Transportation and logistics provider Sage Logistics Holdings said it has entered an agreement to acquire Byland Transportation.
Norfolk Southern has released a six-point plan that addresses how the railroad expects to improve its use of hot box detectors.
ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.