Schneider National announced it will begin an intermodal service connecting Mexico and Texas with the U.S. Southeast next month.
Schneider National is hopeful for a better seasonal inflection in the fourth quarter, noting some areas of the truckload market are seeing significant capacity exits.
Schneider National missed third-quarter expectations Wednesday, but shares of the truckload carrier were up 4% in early trading.
Executives at some of the nation’s top truckload carriers say it’s still too soon to know when the market will turn.
A Georgia jury recently awarded more than $47 million to the family of a 35-year-old owner-operator who was killed in a August 2017 crash involving a former company driver for Wisconsin-based Schneider National Carriers.
A recent Flock Freight survey reports 43% of truckload orders were partially empty, highlighting ongoing challenges for trailer space utilization.
Schneider National cut full-year earnings guidance by 25% but said contractual truckload pricing turned positive in the first quarter.
Here are a few key takeaways from the Scopelitis Transportation Law seminar on the myriad of legal issues facing today’s trucking fleets.
The company last announced its Series C raise in 2022, led by SoftBank Vision Fund 2 for $115 million, valuing the company at $575 million. Platform Science has raised $309 million since 2017.
First-quarter earnings estimates for truckload carriers have been reeled in again as the industry awaits a meaningful turn in the cycle.
Rising insurance costs, which were flagged by most carriers on fourth-quarter calls, present a headwind to earnings, Morgan Stanley said Tuesday.
Schneider National reported a fourth-quarter earnings miss and a worse-than-expected 2024 outlook on Thursday.
Israeli tech startups count on losing some employees to military reserve duty. Many more are called during wartime.
J.B. Hunt provided a slightly more positive outlook at an investor conference on Wednesday.
Truckload carrier management teams are becoming more encouraged that freight markets are balancing.
Multimodal provider Schneider National reeled in its 2023 earnings outlook by roughly 13% on Thursday.
Schneider National announced it has acquired Massachusetts-based M&M Transport Services.
Intermodal executives from J.B. Hunt and Schneider are hopeful for improving demand in the second half of 2023 but acknowledge it’s still too early to tell.
Schneider National beat first-quarter expectations Thursday but lowered its full-year outlook as excess capacity lingers.
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
Schneider said Friday it will be a strategic intermodal carrier for the Canadian Pacific Kansas City rail line from Mexico to Chicago.
Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.
Los responsables de las empresas de transporte hablan de los próximos meses en la conferencia de inversionistas de Baird
Trucking executives are hopeful the first half of 2023 brings a cycle recovery.
Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”
This week: J.B. Hunt launches a scholarship program for employee dependents and grandchildren, Maersk’s rainbow container is enjoyed by employees in Cape Town, South Africa, and Schneider receives its 14th Ride of Pride truck.
Management teams from a couple of the nation’s largest fleets share their thoughts on peak season and rates during an investor conference.
This week: Schneider driver becomes first woman to receive veteran Ride of Pride truck, FedEx celebrates 10th anniversary of Purple Eagle program and WIT releases latest diversity index report.
An appellate court reversed a lower court decision and found that a one-time Schneider independent contractor was actually an employee.
El tribunal de apelación revoca la decisión sobre el estatus de contratista independiente
Schneider National beat second-quarter expectations even with a precipitous drop in gains on sale.
This week: Theresa DeSantis takes home a second SuperRigs Best of Show award, Schneider donates to LGBTQIA+ non-profit organization and Swift honors POW/MIA veterans with a newly wrapped Kenworth.
This week: Schneider is awarded another Ride of Pride truck from Freightliner, Shell Rotella SuperRigs gets ready to celebrate its 40th anniversary and Suttons Tankers wraps a truck to honor Queen Elizabeth II’s Jubilee.
‘En las próximas 4 semanas sabremos qué teoría es la correcta’
Trucking executives at large fleets acknowledged a weakening spot market during the first-quarter earnings season but their ties to the contract market give them confidence.
This week: CMA CGM supports World Wildlife Fund tiger exhibit in Singapore, Werner releases details of its resource groups, and Forbes has a number of transportation and logistics companies on its best large employer list.
El gigante del transporte dice que el funcionamiento del sistema ha vuelto a la normalidad
Schneider National is blaming a “firmware defect” tied to an external vendor’s equipment for a massive network outage that knocked the trucking giant offline on Thursday.
Trucking giant Schneider National confirmed on Friday that a “temporary systems issue” is to blame for a massive outage that has knocked out the company’s network since Thursday.
El transportador dijo en el 10-K de 2020 que su negocio
intermodal estaba en BNSF y CSX
Schneider’s intermodal profits in the first nine months of 2020 were double those of a year earlier.
El transportador de camiones dice que estar en Canadá no encaja con el “enfoque estratégico a largo plazo”
Schneider National says it will shut down its Canada-based business, impacting 150 personnel including truck drivers, by the end of March.
A truckload carrier-backed study finds cocaine and opioid abuse by truckers are underreported at FMCSA.
Es necesario realizar pruebas de cabello obligatorias para
corregir el subregistro del DOT, según el grupo de
transportadores de carga de camiones
Cybersecurity and large fleets: Risks of cyberattacks on the rise Cybersecurity is becoming a major topic in trucking due to recent publicized ransomware attacks against motor carriers. Ransomware is a […]
Carrier relationships and networks are the keys to success in 2022, Port of Oakland looking for business, and retailers are into buying logistics companies.
From storing renewable energy stocks to tapping high-voltage transmission lines, the juice to power electric trucks has to come from somewhere.
In today’s newsletter: Enterprise carriers race to innovate; Component shortage delays electric vehicles; ATRI top truck bottlenecks of 2021. Enterprise carriers race to innovate by embracing new technologies and partnerships […]
Difficulties finding trailers is starting to rival the effects of the driver shortage at the nation’s largest fleets.
Schneider aims to “eradicate manual processes and paper because it is completely inefficient,” said Erin Van Zeeland, group senior vice president and general manager of logistics services at the company.
Truckload carriers booked record gains on the sale of revenue equipment during the third quarter but the profits shouldn’t be viewed as artificial earnings.
Management from Schneider National told analysts on its third-quarter earnings call that current truckload fundamentals should carry through the end of 2021 and well into next year.
The home of the NFL’s Packers also serves as a place to learn about the industry, as well as a steppingstone to employment with local companies.
Small carriers are opting to bring only a power unit to a brokered transaction.
More trucking heads weigh in on rate expectations for 2022. Following a sizable rate bump this year, it appears that rates could move considerably higher again next year.
If the remaining companies also settle, questions of whether there was a conspiracy not to hire drivers who owed money to previous employers may never be answered.
This week: XPO receives a 90 out of 100 score on Disability Equality Index, Shell Rotella announces custom rig winners and Schneider driver’s daughter brings home first U.S. female diving medal since 1988.
This week: Walmart showcases truck driver in its Every Day Heroes program, Wreaths Across America recognizes trucking company for volunteer efforts and Schneider driver’s daughter advances to Olympic diving semifinals on Saturday.
“Our logistics segment has been thriving and growing, including contract logistics and port services, with the largest contributor being brokerage,” says Schneider CEO.
This week: Schneider donates to the American Red Cross to provide pandemic relief in India, ATA opens its online store earlier for National Driver Appreciation Week merch and the St. Christopher Fund holds its first art auction.
“We believe we provide a best-in-class driver experience. I think that goes a long way in retaining drivers,” says Schneider National chief information officer.
Commentary from trucking executives at an investor conference suggests the capacity crunch may last well into next year.
Founders Camp, the Dynamo-powered event for founders and startup companies, will take place in November alongside FreightWaves’ F3: Future of Freight Festival in Chattanooga.
Transportation and logistics provider Schneider aims to double its intermodal size by 2030, reducing CO2 emissions by 700 million pounds annually.
Forget the autonomous trucking horse race, Wall Street and competitors are fixated on TuSimple’s “driver-out” pilot in Q4.
As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.
Schneider National sees several favorable catalysts through the remainder of 2021 that are supportive of its guidance raise. Finding equipment and drivers will be the challenge.
Schneider National’s first quarter comes in ahead of analysts’ expectations and the company raises its full-year outlook by 8% at the midpoint of the range.
The Office of Management and Budget is considering whether to greenlight a trucking automated driving systems project.
Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..
SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.
Schneider, a premier provider of trucking, intermodal and logistics services, has expanded its digital marketplace – Schneider FreightPower® – to shippers of all sizes.
Trucking companies cite safety concerns in their request to FMCSA to allow limited use of hair testing to screen for drugs.
TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.
With recent financing from major fleets, TuSimple eschewed the blank check company frenzy to chart its own course to public trading.
Proposed mandatory guidelines to hair test for drugs could change — or see a lengthy delay.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Super Bowl avocado exports from Mexico are up; Schneider provides diversity grants; Logistics center opens in Tijuana; and CBP seizes phony designer children’s pajamas.
In today’s edition of The Daily Dash, Schneider plans to invest in new equipment in 2021. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight; Jeff Bezos will step down as CEO of Amazon; and Daimler spins off its truck businesses.
Schneider National plans to use its strong cash generation capabilities to reinvest in the fleet during 2021. The carrier will also look to allocate growth capital to its dedicated and intermodal offerings.
Schneider National posted fourth-quarter results ahead of analysts’ forecasts on Wednesday. The company’s 2021 outlook is largely in-line with the current consensus estimate.
U.S. Xpress will become the latest carrier to adopt Platform Science’s technology platform, allowing it to deploy third-party and custom apps without the need for added hardware.
FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.
The North American Council for Freight Efficiency will focus on electric vehicles for its third Run on Less demonstration, an exploration of what works and what needs work in the battery-electric commercial vehicle space.
A couple more truckload carriers have announced pay increases for drivers ahead of the new year. Beacon Transport and Bay and Bay Transportation are the latest.
Unable to continue its tradition of providing hot meals to the truck drivers who deliver wreaths to Arlington National Cemetery for Wreaths Across America, TCA and Pilot Flying J have come up with another way to honor this year’s 75 drivers.
In today’s edition of The Daily Dash, FMCSA will ease restrictions for obtaining a CDL. Plus, Schneider is boosting driver pay again and Navistar reports lower truck sales and earnings.
J.B. Hunt issues intermodal service advisory as railroads BNSF Railway and Norfolk Southern implement gate restrictions in Los Angeles and Chicago.
Schneider National announces a per-mile pay increase of 4 cents for most drivers beginning in late January. Earlier this year, the company announced an increase in team driver pay.
Frozen Food Express is raising linehaul driver pay by 25% for new solo drivers and 20% for team drivers.
C.R. England is boosting driver pay an average of 15.5%, and when combined with a new bonus program, means some drivers could see a 25% pay increase.
2006: Schneider National CEO called for a return to a national speed limit, saying it was the most important thing that the federal government can do to improve highway safety.
Elevated demand and tight capacity have highlighted the trucking market for a few months now. Recent data points and commentary suggest this dynamic may not abate anytime soon.
Recent data points as well as updates from retailers suggest this inventory restocking cycle may take a few quarters to fix, meaning the current supply-demand dynamic in trucking could linger.
In today’s edition of The Daily Dash, spot rates could be heading higher yet again. Plus, truckload carriers wonder if we are in peak season or a new normal; and a Texas group tackles tort reform.
Trucking executives were on hand at Stephens Annual Investment Conference this week, making it known that this cycle is different and that the current market dynamics are here for a while.
Management from Schneider National expects tightness in the trucking markets to continue. Inventory restocking will keep truck demand elevated and new capacity is entering the market at a slower pace than in previous cycles.
Daimler Trucks’ electric truck mileage milestone and new orders for battery-powered trucks at Workhorse Group and Motiv Power Systems keep the juice flowing in industry’s nascent transition from diesel.
Project will inform regulators on ADS safety rules.
