News

Unit could fetch $400 million to $600 million, according to a report independently confirmed.

This week: Trailer Bridge and ATS International donate to Habitat for Humanity of Puerto Rico, UPS makes $38,000 in donations to Down Syndrome Alabama and MSC moves Operation Smile medical supplies.

War, pandemic shutdowns and supply chain woes resulted in a nearly 60% month-over-month decline in trailer orders in April.

Ryder System is facing a possible hostile takeover bid, and looming is the question of whether the company is worth more apart than together.

When it comes to lifting lockdowns in China, false hope will remain the norm.

Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…

On WTT Dooner and The Dude are back from #FOSC22 with a recap plus how diecast trucks work; USA Truck x America’s Trucker; trucker plays a song

A proposal to give truck drivers overtime pay would ultimately slow freight movement and impact the speed of e-commerce deliveries.

Fourteen projects received matching grants to upgrade track and bridges.

Chattanooga-based U.S. Xpress announced Thursday that it is cutting 5% of its corporate workforce in an effort to slash costs a week after the truckload carrier reported losing more than $8.9 million in the first quarter.

Electric trucks — battery and fuel cells — unsurprisingly overwhelmed the Advanced Clean Transportation Expo.

Increasing use of automation is helping GXO Logistics reduce the carbon footprint of its facilities and customer supply chains.

A supervisor claimed he was fired because of his age. A court disagreed. For employers, though, it reinforces the need to properly train supervisors and employees on discrimination as a means of preventing it happening.

Class I railroads need domestic intermodal containers in LA to move volume, and spot rates from Detroit to Raleigh continue downward.

Spencer Tenney speaks on the state of merger and acquisitions in trucking and freight brokerage; host John Kingston addresses East Coast diesel.

Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.

Forecasters calling for more severe weather this weekend in areas of the country already hit the past few days (video forecast included).

Federal regulators told Congress that insurance companies are refusing to share data about the costs of claims from truck and bus accidents.

Two bills, one before the New York State Senate and another before the New York State Assembly, would require Class I and Class II railroads to have a minimum train crew size.

FreightWaves founder and CEO Craig Fuller analyzes the continuing decrease in truckload rates for dry van loads.

Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.

CFI driver Zach Yeakley “wasn’t really expecting anything out of it” when he was recognized for helping pull six crash victims from fiery cars.

Freight data from payments management platform Cass showed April volume declines were worse than normal seasonal trends.

Israel Aircraft Industries announced Cargojet as the third customer for its program to convert Boeing 777 jets into full-time freighters.

Cummins will work with Daimler Truck North America to get hydrogen-powered fuel cell Freightliner Cascadias to customers in 2024.

New changes to the industry could see a shift in safety measures and the driver shortage.

In order for freight operations to run smoothly, the relationship between carriers and shippers should be strong.

Jaypur Logistics and six of its drivers have been declared an “imminent hazard” to public safety and ordered to cease operations immediately.

Poor driving is often a reflection of management. So when fatal accidents occur, it’s not just drivers with blood on their hands.

The International Energy Agency’s closely watched monthly report does not see any significant relief for the current tight global oil market, particularly diesel.

Diesel inventories on the East Coast are at record lows. Truckers are spooked by the vanishing stocks and soaring rates.

Israel-based drone delivery company Flytrex will deliver subs from Jersey Mike’s to customers in a North Carolina town.

Norfolk Southern issued green bonds in 2021 that enabled it to fund $496 million in projects that aimed to lower carbon emissions.

Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.

Spot rates begin to plateau from Las Vegas to Seattle, and intermodal spot rates appear to be holding up stronger than dry van rates.

Grocery delivery firm Instacart is hoping to cash in on its value with a public stock offering.

Truckers will continue to hit delays from North Dakota into Minnesota as flooding persists along the Red River of the North (video forecast included).

Yellow Corp. executives told analysts that the company’s plan to close and consolidate terminals won’t reduce capacity in its network.

East Coast diesel inventories are down more than 50% from January, but some signals suggest an easing may be in sight.

The company has created a new “baseline” for package-delivery activity, S&P says in assigning its debt an “A” rating.

First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.

In its third deal this year, autonomous driving provider Aurora has an agreement with Covenant to “explore ways to optimize” long-haul operations.

Rail investors and observers think the Class I railroads’ efforts to bolster train and engine crew counts will improve rail service in the second half of this year. But geopolitical, economic and regulatory uncertainties also abound.

Less than a year after acquiring Blue Yonder, Panasonic announced plans for a supply chain business IPO focused on the SaaS business.

Prologis’ research arm released several data points Wednesday pointing to prolonged tightness in warehouse markets.

April volumes at the Port of Virginia in Norfolk were at the second highest in port history, right behind December 2021.

Jay Gustafson of Echo Global Logistics discusses the traits that determine if a broker’s technology can support the growth of an enterprise fleet in any market.

Multimodal transportation provider Radiant Logistics reported record results again during its fiscal quarter ended March 31. Demand still remains healthy throughout its network.

Startup Xos Trucks introduced full-fledged heavy- and medium-duty electric chassis cabs, signifying its graduation from a powertrain component integrator.

Loop Returns is now offering Shopify brands the ability to facilitate e-commerce returns through any Happy Returns location across the country.

Forecasters are calling for wind gusts in excess of 50 mph in the Four Corners region and other parts of the Southwest (video forecast included).

Military supply crunches affect soldiers, sailors, airmen and Marines on the front lines.

Shipwell CEO Greg Price explains how disruptions including war in Ukraine and a freight downturn are impacting food supply chains.

Considering multiple options — even bad ones — is something companies should do more of, instead of trying to find the one best solution to a problem in the supply chain, says Michael Schrage, MIT fellow and FreightWaves Future of the Supply Chain keynote speaker.

Hubtek, QuickLoadz and Turvo were recognized out of the 30-plus companies that presented demos during the two-day event.

Autonomous trucking startup Plus is making a scaled-back version of its autonomous trucking software available through upfitting.

Investor Caroline Duffy says supply chain tech companies that push the envelope on customer delight will continue to thrive even in a down market.

Collaboration and data sharing are two of the keys that will drive more success in the last mile.

Uber Freight’s head of operations, Bill Driegert, explains how access to real-time information can change the playing field.

Mehrotra said he was excluded from asking questions because of criticisms of its LTL operations.

U.S. Bank, a major lender to the supply chain, has brought in LiquidX as its fintech partner to speed up its digitization process.

Vizion CTO and founder Tyler Hughes breaks down the importance of ocean freight visibility with Revolution Managing Partner David Hall.

PetSmart’s complex supply chain includes the shipping of more than 50 million crickets annually.

Gatik founder and CEO Gautam Narang said autonomous middle-mile trucks can replace traditional Class 8 tractor-trailers along fixed, repeatable routes.

Collaboration and a human-first approach is the driving factor to Primo’s success.

Steuart Walton of Runway Group and Cyrus Sigari of UP.Partners explain why Northwest Arkansas has emerged as an innovation hub for the transportation and logistics sector — and a great place to live.

Byrd currently services the U.K., France, Germany, Austria, Italy, Spain and the Netherlands, and with its new capital, the company plans to expand its delivery network and warehouse capabilities to Sweden, Denmark and Poland.

The production version of the battery-electric Freightliner eCascadia evolved from more than 1 million miles of real-world fleet testing.

Container Atlas, the latest addition to SONAR, provides deep-dive data into the maritime sector.

Supply chains need diverse sourcing strategies and more real-time information to manage disruptive forces unleashed by COVID and the Ukraine invasion.

Ann Phillips will take over at the U.S. Maritime Administration as the agency receives a fresh boost of funding for port infrastructure.

A 34% increase in retail imports is driving cargo volumes higher, SC Ports said.

The shipper of choice award highlights companies that excel at working with their carrier partners.

Transport Canada’s proposed changes affect waybill reporting requirements for long-haul interswitching and they detail new traffic reporting requirements for smaller Class I operations.

Logistics real estate investment trust Prologis makes a $24 billion all-stock offer for competitor Duke Realty.

This FreightWaves Future of Supply Chain chat covers how consumer behaviors impact pallet usage.

Cloud supply chain company Stord has completed a series D funding round announced last year with an additional $120 million.

Dave Ables is the new president and COO of AFC Transport.

Like many companies across all industries, the COVID-19 pandemic shifted the overall priorities of Varstar.

Truckers will have to dodge gusty winds, large hail and possible tornadoes this week as severe storms target the heartland (video forecast included).

Eric Fullerton of project44 wants to start unifying recent acquisitions to help customers weather the next freight storm.

As e-commerce growth slows, last-mile delivery providers remain under pressure to deliver for shippers, even if they don’t know how much of their services will be required.

Turvo uses cutting-edge technology to connect shippers, logistics providers and trucking companies through its cloud-based TMS platform.

Wayfair is anticipating more shipping disruptions this year but has contingency plans to ride through them.

This fireside chat focuses on managing the ups and downs of the trucking market with Convoy’s Dan Lewis.

Amazon Freight experts discuss freight market volatility during this FreightWaves Future of Supply Chain chat.

Melissa Foreman discusses TriumphPay’s new automated payment processes.Fire

Shane Kaiser, a managing director at Houlihan Lokey, discusses the climate for supply chain investment with FreightWaves founder and CEO Craig Fuller.

Axle Payments, J.B. Hunt and SkyBitz were among the 30-plus companies that demonstrated products at the two-day event.

Lean Solutions Group is seeking to revolutionize the way the U.S. logistics industry operates by providing staffing and nearshoring services in South America.

Nestlé’s senior director of supply chain, Greg Kessman, explains how logistics strategies are evolving.

Ryder’s EJ Smith explains how customers are benefiting from enhanced visibility of their supply chains.

Trax Technologies’ Chris Cassidy explains how understanding the flow of financial data with every freight shipment has become just as important as the shipment itself.

Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.

The tight diesel market on the East Coast has lifted retail prices in that region far above the rest of the country.

Boeing has landed a large freighter order from Lufthansa, while Embraer has launched a program to modify used planes for cargo in the regional market.

Truckers often make business decisions without the data needed to justify those decisions. Truckstop.com is trying to make more data available to owner-operators.

Gatik CEO Gautam Narang and CTO Arjun Narang discuss the importance of automation in B2B transportation.

The company beat analysts’ expectations in its first-quarter financial results and named a new head of its brokerage services operation.

Mastercard VP of Strategic Partnerships Paulo Fernandes sat down with Transcard Product Marketing Consultant Mark Brousseau.