Covenant released earnings results in-line with its previously lowered expectations as it seeks “predictability” in its operations for the remainder of 2019.
Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.
California-based startup Cargomatic competes in the local freight-matching marketplace, using technology to connect drivers and shippers without all the back office red tape.
Kentucky-based Legion Logistics has opened a new satellite office in the city of Santiago de Querétaro, Mexico. The new international office, staffed by two bilingual freight specialists, gives Legion Logistics […]
Canadian transportation and logistics firm selects interim chief financial officer Alex Fu for the permanent post.
The transportation and logistics industry is evolving at breakneck speed, and keeping up has never been more important.
Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.
In the wake of Hurricane Barry, Brian Aoaeh writes about the disruption to supply chains that hurricanes and flooding can do. In particular, the state of Louisiana and its ports are critical to the U.S. agriculture and energy industries.
The U.K. is on the threshold of becoming independent from the EU, but it does not seem to have answers to the trade and logistics nightmare that would follow post-Brexit.
Did you know that logistics accounts for 9% of the global gross domestic product (GDP)? It’s one of the largest and most productive industries in the world. But, the competition is fierce and outdated systems and manual processes can hinder business growth. Thankfully, there’s an emerging technology – robotic process automation (RPA) – that can automate repetitive, manual tasks and free up workers for more strategic work. Read this eBook to learn how RPA boosts efficiency and productivity while helping you improve customer satisfaction.
All of the carriers on Transplace’s platform will integrate with Descartes MacroPoint by January 2020.
Technology is allowing the small carriers that make up the vast majority of the trucking industry to become a more integral part of the supply chain. Read more
Supply chains are embracing cutting-edge technology, in an attempt to reduce costs and increase efficiency. However, it is critical to understand which technologies to invest in to stay away from tilting the delicate balance of value chains.
Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.
When it came to choosing the location for our latest and greatest event, Chicago was a no brainer. The Windy City isn’t just at the heart of the Midwest, it’s […]
Brian Aoaeh writes about changes that need to be made to the food supply chain to deter food waste and food loss.
As one of the fastest growing economies in the world, India has its fair share of trouble reducing its overall spend in logistics. Looking at improving infrastructure and creating multimodal hubs can help.
Capital Logistics is the newest member of the Blockchain in Transport Alliance (BiTA). Read about the company, as well as BiTA’s efforts to develop blockchain standards for transportation and logistics.
The growth of ecommerce is putting excessive pressure on transport networks, and cities need to look at better utilizing and charging for curbside parking and time spent delivering goods.
Flipkart is phasing out its conventional vehicles and introducing electric last-mile vehicles, which is expected to lower its carbon emissions by 50 percent.
FreightWaves partnered with freight brokerage Convoy to recognize Target as one of its top Shippers of Choice.
The numbers of robots in use around the world is forecast to reach 20 million by 2030…. automation is also forecast to displace tens of millions of people from their jobs.
Charley Dehoney writes about the process to finance a freight tech/logistics tech start-up.
Sealed Air announced the for cause termination of its Chief Financial Officer, William G. Stiehl, as an investigation into its accounting and financial reporting practices continues.
Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.
A Durham, North Carolina-based logistics company filed for Chapter 11 bankruptcy reorganization on June 13.
Apart from creating visibility and transparency within coffee supply chains, blockchain can significantly improve livelihoods of coffee farmers by giving them a bigger share of the profit pie.
The scale and growth of China’s domestic over-the-road trucking and international ocean container shipping trade has been revealed in new data from the country’s Ministry of Transport.
Supply chains are forced to contend with risks involving border skirmishes, trade wars and embargoes, with even climate change having a bearing on its fortunes.
A major developer of, and financial investor in, Asia Pacific logistics parks has launched a potential US$1.24 billion initial public offer on the Hong Kong stock exchange.
Market expert Brian Aoaeh writes about the supply chain and how the world, business and ecommerce are changing due to ongoing innovations.
Hubtek has joined the Blockchain in Transport Alliance (BiTA). Read about this new company and why it joined the Alliance.
The good news is that Evan Armstrong of Armstrong & Associates thinks that U.S. third-party logistics providers’ (3PLs) revenues will grow at a 7.7 percent compound annual growth rate (CAGR) […]
Data’s role in improving operational efficiency within the freight industry is growing bigger, even as security concerns around keeping data secure is mounting.
TranzAct Technologies is the latest company to join the Blockchain in Transport Alliance (BiTA). Read why it has joined BiTA and learn more about the company.
CharterSync provides freight forwarders a quick way to source aircraft within the air cargo charter market.
Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.
DDC FPO launched a free online tool to help transportation and logistics professionals calculate how much of their operational costs are going toward in-house bill of lading (BOL) processing.
The TIA says that a Roush’s negative description of the role freight brokers play in freight transportation, his broad-brush statements about safety, and small carriers are ludicrous.
DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation […]
Market expert Brian Aoaeh writes about the impact of severe weather on supply chains, and tools to help companies and organizations modify those supply chains when disaster strikes.
The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.
Air cargo market expert explores the fascinating process of moving livestock – particularly horses – by air.
Prologis and Blackstone Group are both trying to acquire the U.S. warehousing portfolio of GLP.
Pennsylvania-based Penske Logistics announced it is laying off 80 drivers and will close its terminal in Fort Wayne, Indiana, in July.
Tracy Rosser tapped for executive vice president post at transportation management services provider after helping oversee big-box retailer’s transport and supply chain operations.
As the logistics industry continues to plow millions of dollars into digital freight matching
(DFM) technology that pairs shippers and carriers, there is a clear difference of
approach between third-party logistics providers (3PLs) that seek to minimize the “human element” and those that embrace the combination of automation technology and teams of skilled logistics professionals.
Zipline operates autonomous drones across remote areas that are hard to reach by road, airlifting medicines during emergencies.
Market expert Charley Dehoney explores how freight brokers can stay relevant in a rapidly changing environment.
Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.
Haven is introducing a track and trace solution that is both affordable and seamless to integrate within shipping workflows.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net […]
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 […]
Growth of developing countries is disrupting trade flow; logistics job openings trump available workers; Starbucks is experimenting with blockchain for coffee supply chain traceability.
Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share compared with the break-even consensus estimate. The asset-right and asset-light logistics service provider’s reported revenue of $507.1 […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share versus the break-even consensus estimate. The asset-light logistics service provider’s first quarter 2019 loss was much lower […]
The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus […]
Transplace has announced the appointment of Matthew Harding as senior vice president of data science. Harding, who rejoins Transplace after a nine-plus year stay at Chainalytics, will lead the company’s […]
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Schneider National, Inc. held a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.
Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.
In partnership with Reliance Partners …
ELDs are not just about tracking the hours of service of drivers. The data they gather can be used by fleets to improve driver behavior and operational efficiency, and by insurance companies to understand accident history for evaluating fleet risk profiles.
Convoy has worked closely with shippers on various projects, including its Convoy Go program that gives owner-operators access to drop-and-hook freight. It has now formalized those efforts in the Innovation Lab.
BlackBuck has raised a total of $285.2 million till date and is looking to expand its services across India, without worrying much into its growing losses.
Global logistics solutions group, WiseTech Global, has announced the acquisition of Xware, a leading messaging integration solutions provider in Sweden.
Building a small business is difficult if you don’t have access to the same powerful tools that larger competitors do. Uber Freight, with its growing suite of tools, has been trying to empower small fleets and owner-operators to allow them to compete on an even playing field.
Though blockchain looks to be promising, companies are still not convinced on the trustability of a blockchain network and it would take more than a few pilots to persuade stakeholders to join together on a single common decentralized ledger.
Amazon could build a zero-margin equivalent of C.H. Robinson inside the ‘shipping costs’ line on its P&L without anyone noticing.
Amazon could build a zero-margin equivalent of C.H. Robinson inside the ‘shipping costs’ line on its P&L without anyone noticing.
In partnership with Slync… Supply chain exceptions are being automatically moved toward resolution and visibility into the problem provided to all relevant partners.
Japanese transport company, Nippon Yusen Kabushiki Kaisha (NYK Line) (JPX:9101) has today reported a loss of approximately US$400 million (Japanese Yen 44.5 billion) for the year ended March 31, 2019. Following the red ink bloodbath, the company has replaced the chairman, president and representative directors.
Werner Enterprises, Inc. reported non-GAAP adjusted earnings per share (EPS) of $0.52, $0.03 ahead of the consensus estimate.
Werner Enterprises, Inc. (NASDAQ: WERN), reported non-GAAP adjusted earnings per share (EPS) of $0.52, besting the consensus estimate of $0.49 per share.
Ford invests $500M in electric pickup maker; plus U.S. may be pulling freight from trucking, India seeks logistics technology upgrades, and scientists call for unity on electric vehicles.
Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.
Technology is disrupting the logistics industry at a breakneck pace, and brokerages are not exempt from the changes. While new technologies are intended to help companies run smoother, the implementation process can be riddled with challenges.
Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts’ expectations of $0.52 per share.
Manhattan Associates, Inc. reported adjusted non-GAAP earnings per share of $0.41, $0.04 better year-over-year.
In his first FreightWaves article, market expert Brian Aoaeh writes about logistics network optimization. He explains how new technology, venture capital money and changing market conditions have converged to open up new opportunities across the global supply chain.
Datapace is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about Datapace and BiTA in this article.
Panalpina reported $0.82 (Swiss Francs, or CHF) per share in earnings for the first quarter of 2019 compared to $0.72 CHF for the same period last year.
P.A.M. Transportation Services, Inc. announced first quarter 2019 earnings of $0.99 per share excluding a $0.40 per share gain on marketable securities. Pre-tax income increased $5.1 million y/y.
Des Moines Truck Brokers (DMTB) is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about DMTB and why it joined BiTA.
WebCargo by Freightos has acquired India-based Air Freight Bazaar, with the intent of expanding its footstep in global air cargo digitalization.
E-commerce has changed consumer buying habits, but it has also changed the supply chain for less-than-truckload carriers, who have had to adapt in various ways to keep pace.
Breakout List curates a list of startups that have a high possibility of success, thus making it easier for startup-inclined people to choose a company they would want to work in.
Cosco Shipping Logistics, JD Logistics and Orient Overseas International Ltd. (OOIL) indirect subsidiary “Gold Talent” have inked a complex joint venture deal to fund online international supply chain platform Eshipping with, ultimately, US$44.7 million of capital.
Burris Logistics, a $3.5 billion revenue 3PL, and Trinity Logistics, a $550 million revenue brokerage, are tying the knot.
Walmart has introduced Voice Order, that allows people to add items to their Walmart online cart by giving voice commands through any Google Assistant enabled device.
TheLorry connects thousands of shippers with truck, pickup truck and van owners across southeast Asia.
Many food chains in the U.S. are shutting stores down due to lack of diners. It is time they take remote consumers seriously and look to sell food via last-mile food delivery companies.
As food product recalls are becoming a frequent occurrence on account of contamination fears, the time is right for companies to look towards blockchain for creating better visibility into their supply chains and to reduce generic en masse recalls wherever possible.
A look at how Roadrunner Freight’s business model differs from most LTL carriers.
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels.
A fold-down ramp is just one of the innovations Morgan Corp. has introduced recently at it looks to build truck bodies to match the growing demands of e-commerce last-mile operations.
Volkswagen partners with Amazon Web Services, to streamline data coming from its different manufacturing and logistics processes, and create actionable information to improve production flexibility and increase vehicle quality.
India-based logistics startup Delhivery has secured $413 million in new funding with Japan’s SoftBank leading the round.
