ATA economist Bob Costello cites macroeconomic “return to normalcy” as a promising sign for trucking amid stagflation and private fleet growth.
Here are a few tips to keep in mind for fleets considering to haul a load for FEMA or any other disaster relief project
Werner’s Q2 earnings saw worsening financial conditions but improving freight market conditions and signs of capacity tightening.
On Wednesday the American Transportation Research Institute (ATRI) released its latest Cost of Congestion study showing U.S. highway traffic congestion added $94.6 billion in costs to the trucking industry.
Knight-Swift provided a second-quarter earnings warning on Wednesday while also confirming the closing of the U.S. Xpress acquisition.
The outgoing head of U.S. Xpress is joining a Chattanooga, Tennessee-based nonprofit that focuses on sustainable mobility entrepreneurs.
In this edition: Earnings season highlights, the rise in flatbed demand and Roadcheck starts Wednesday.
U.S. Xpress has laid off about 150 staffers and reported a hefty loss to the SEC.
Now on demand on WHAT THE TRUCK?!? FreightWaves’ Craig Fuller shares his unique perspective on the U.S. Xpress/Knight-Swift deal.
Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.
La adquisición de U.S. Xpress por 808 millones de dólares no frenará sus planes de crecimiento
Los accionistas de USX ven finalmente un retorno desde los mínimos recientes; KNX ve una oportunidad significativa de aumentar OR en los próximos años
The deal to sell itself to Knight-Swift ends a struggle at U.S. Xpress that lasted several years and included the failed Variant initiative.
U.S. Xpress lost money again, but some data points show improvement.
Josh Smith, vice president at Variant and over-the-road operations at U.S. Xpress, spoke to FreightWaves about the Variant program and how technology and operations are vital to success in trucking.
Fleet growth will be held steady as the truckload carrier pivots back to a more traditional model.
El crecimiento de la flota se mantendrá estable a medida que el transportador de carga por camión vuelva al modelo tradicional
Hurricane relief trucking is filled with chaos and disruptions to normal operations and requires specialists that can handle the massive surges and lack of forward planning.
U.S. Xpress is going through a reorganization following a recent round of layoffs. The technology-driven Variant program will be merged into a larger Highway Services group, which will include the legacy over-the-road business and the USX freight brokerage.
Trucking regulators will consider allowing hair drug test results to be reported into a federal drug clearinghouse — despite asserting a lack of authority.
Chattanooga, Tennessee-based U.S. Xpress is cutting another 5% of its corporate workforce in the trucking company’s second round of layoffs in three months.
La compañía ha recortado aproximadamente el 10% de su plantilla corporativa, unos 140 puestos de trabajo, este año
La FMCSA accede a tomar los comentarios del público tras rechazar la petición anterior
Jake Lawson, the chief commercial officer of truckload carrier U.S. Xpress, is leaving the company, the second key departure in eight months.
La compañía dice que ningún papel de conductor, centro de servicio o mantenimiento se vio afectado por los despidos
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.
In its third deal this year, autonomous driving provider Aurora has an agreement with Covenant to “explore ways to optimize” long-haul operations.
Truckload carrier U.S. Xpress turned in a quarter that was roughly breakeven, but some of the numbers from its Variant initiative deteriorated significantly.
Con un tercer socio, el transportista apuesta por la tecnología para paliar la escasez de conductores
U.S. Xpress is tripling down on autonomy, adding Kodiak Robotics to pilots with Embark Trucks and TuSimple.
En MATS, el mejor reclutador/conductor Taylor habla sobre el programa U.S. Xpress, que mostró signos de caída a finales de 2021
Focusing on growing Emerge’s capacity, Ramsdell wants to offer Fortune 500 drop-drop freight to small and midsize carriers.
U.S. Xpress expects freight demand to stay strong in the first half of 2022. The trajectory from there could hinge on inflation.
U.S. Xpress, which has deep autonomous trucking ties to TuSimple, adds Aurora as a second partner focused on exploring best driverless routes.
The Variant initiative is not yet showing signs of turning the company around.
USX reitera su compromiso con el modelo Variant tras el
despido de Ramsdell
Cameron Ramsdell had only been with the company since the spring of 2020 after being brought in from Coyote.
Difficulties finding trailers is starting to rival the effects of the driver shortage at the nation’s largest fleets.
During a Stephens conference presentation before investors, CEO Fuller also discussed the unique driver retention tool at Variant called the “squad.”
Truckload carrier U.S. Xpress expects a hot freight market to carry through the end of the year but cautions consumer headwinds are mounting.
Sequentially, tractor growth is positive for the first time in more than a year, a sign the company cites as evidence the Variant initiative is succeeding.
Dustin Koehl, senior vice president of sales at U.S. Xpress, joins the show to discuss the company’s Variant Model fleet, its partnership with MIT, as well as Koehl’s work on ATA’s subcommittee on autonomous trucks.
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.
Rate predictions for the truckload market are coming in earlier than in past years. High consumer demand along with a lack of drivers and equipment has industry participants calling for further increases.
A third-quarter outlook from truckload carrier U.S. Xpress sees volume and rate strength lasting throughout 2021. However, driver and supply chain labor challenges present risks.
USX’s CEO Fuller says Variant division is near the ‘inflection point’ for the new initiative having a bigger impact on profitability.
U.S. Xpress sees brokerage platform Xpress Technologies as a big part of the company’s digital overhaul.
Commentary from trucking executives at an investor conference suggests the capacity crunch may last well into next year.
Forget the autonomous trucking horse race, Wall Street and competitors are fixated on TuSimple’s “driver-out” pilot in Q4.
First-quarter earnings reports from truckload carriers highlight a booming freight market. A strong consumer, tight truck capacity and elevated rates appear the likely dynamics for the remainder of the year.
In today’s edition, we highlight a Biden administration thumbs-up to trucking’s role in electric vehicle expansion, an upcoming general strike at the Port of Montreal and more.
Variant is a company within a company that is being touted as the future of U.S. Xpress.
The company’s revenue rose but operating margins are higher; Variant targets are being met and revenue is 11.8% of total truckload.
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..
Trucking companies cite safety concerns in their request to FMCSA to allow limited use of hair testing to screen for drugs.
The size of the Variant fleet reached 900 this week, ahead of schedule. CEO Fuller is touting improvement in OR of 2,000 bps when fully implemented.
In what amounted to an “encore,” the end of the Q&A didn’t mean an end to the discussion on Variant and its role in USX’s future.
Fuller: Variant initiative was 9.4% of truckload revenues in fourth quarter
An economic outlook report from truckload carrier U.S. Xpress calls for tight truckload dynamics to remain in place at least through the third quarter. The forecast calls for contractual rates to increase as high as 15% in the year.
U.S. Xpress brings on the team at MIT to study greater efficiency. A member of that team discusses the program’s activities in this podcast.
One perspective: Dwell is like “chunky peanut butter”
Between drug clearinghouse and shut CDL schools, Fuller sees far fewer eligible drivers in the market
A driver shortage worsened by the coronavirus pandemic and failed drug tests topped the American Transportation Research Institute’s list of critical issues in the trucking industry for the fourth consecutive year.
OR improved for the company; on analyst call, Fuller says there will be bumps in the road on the way to a new operating model.
Q3 performance contrasts with loss in corresponding quarter last year
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
Carriers, logistics businesses and technology providers make the cut in 2020.
U.S. Xpress’ industry forecast calls for the truckload market to experience high driver turnover, declining capacity and “overwhelming” volumes through 2021.
With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.
Tightening truckload and intermodal markets have carriers expecting the hot freight market to carry forward. One carrier is calling for large rate increases in 2021.
Major trucking companies have warned of capacity shakeout.
“We want to be one of the leaders, one of the innovators.”
Trucking company cites benefits from new digital technology as key reason; gain in one key OR from the first quarter is 500 basis points
TuSimple has launched an Autonomous Freight Network with UPS, Penske, U.S. Xpress and McLane Co.
Recent stabilization in truckload markets with a recovery expected later in the year were some of the takeaways from Wolfe Research’s investor conference.
Carriers shift to road experience as entry-level applications drop off.
Today, Andrew and Kevin discuss first-quarter earnings before FreightWaves Lead Economist Anthony Smith makes an appearance to chat about unemployment. As always, thanks to CarrierDirect for their research contributions.
Truckload and transportation companies talk freight markets ahead of reopening with some calling a market bottom in April as spot rates remain below breakeven.
Freight haulers across transport modes join effort to raise awareness.
While others have seen a decline in shipments, April held firm: CEO
Coalition says legislation would help ensure flow of new drivers.
P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.
Trucking Alliance-backed analysis supports group’s push for federal testing changes.
“No decisions” on next steps after appeals court ruling on sleeper berth petition.
$54.6 million in back wages at stake for drivers in California.
This is part of our ongoing weekly feature called the “Online Haul of Fame.” FreightWaves will feature companies that have had a lasting impact on the trucking industry, past or […]
“Robert has turned the trucks faster than any other solution I’ve found,” said Max Fuller, co-founder of U.S. Xpress.
Truckload carrier heads talk demand, rates and capacity at investor conference.
U.S. Xpress sees a path to improved profitability in 2020 and beyond. These were just some of the highlights provided on the carrier’s earnings call.
U.S. Xpress reported a better-than-feared loss to close out 2019. The company expects conditions to improve in 2020.
Known on northeastern highways for its iconic orange and white trucks, Preston 151 was founded in 1932 in the Chesapeake Bay area of the United States. The company was started […]
CRST, U.S. Xpress also support petition to review decision awarding $54.6 million to drivers.
Keeping track of all the outstanding content published on Freighwaves.com each week can prove daunting, and we do not want you to miss a beat. Every FreightWaves article is designed […]
U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.
Cautious optimism was a common thread during the Highway Transportation Session at the National Industrial Transportation League’s 2020 Summit. The NITL 2020 panel discussion Tuesday featured executives from trucking and […]
Database of test results seen as rate booster while unseated trucks pose risk to operations.
Legislation demands OMB and HHS estimate rule publication date.
Celadon Group was Scrooge for its drivers with the Christmas holidays around the corner, but the trucking community is stepping up to help in the season of giving.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.
