Truckload Freight

Colonial Freight Systems confirms it will shutdown operations at the end of the month.

PS Logistics has acquired transportation assets from Phoenix Leasing of Tennessee and its sister company Colonial Freight Systems.

Truckload carrier Heartland Express will take on another difficult turnaround in CFI, which it acquired from TFI International for $525 million.

Heartland Express announced Monday the acquisition of CFI’s non-dedicated dry van and temperature-controlled fleet in the U.S. and its logistics operation in Mexico.

Management from J.B. Hunt Transport Services doubles down on long-term growth initiatives in its intermodal unit.

Jake Lawson, the chief commercial officer of truckload carrier U.S. Xpress, is leaving the company, the second key departure in eight months.

Cass data shows changes in freight shipments and expenditures during July were less volatile when compared to prior months.

DAT accuses Convoy of contract violations. Convoy calls DAT a “monopolist” looking to thwart competition at any cost.

A survey on truck driver compensation by the American Trucking Associations showed the scope of the gains in driver pay over the last two years.

An appellate court reversed a lower court decision and found that a one-time Schneider independent contractor was actually an employee.

Truckload carrier U.S. Xpress’ internal startup Variant continues to struggle with high turnover and declining utilization.

Transport and logistics giant TFI posted quarterly gains across the board and raised the outlook for the rest of the year.

P.A.M. Transportation Services reported better-than-expected second-quarter results Thursday.

Schneider National beat second-quarter expectations even with a precipitous drop in gains on sale.

Commentary from the C-suites of trucking remains positive for the 2022 back half.

Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.

Broker Landstar System missed second-quarter expectations but noted pricing metrics are holding firm.

Knight-Swift Transportation rode higher revenues and better margins in all of its divisions to a beat-and-raise second quarter.

Freight payments data from U.S. Bank showed sequential increases in volumes and costs during the second quarter.

J.B. Hunt Transport Services beat second-quarter expectations despite persistent rail congestion and supply chain bottlenecks.

Temperature-controlled carrier Marten Transport rode higher yield metrics to a record quarter.

This week: Loadsmart teams up with The Home Depot Foundation to support veterans, Ruan aids community after celebrating its 90th anniversary, and Walmart donates to nonprofits at the grand opening of a new e-commerce fulfillment center in Pennsylvania.

After a record year of freight demand in 2021, carriers playing in the spot market benefited from a blank check when naming rates. The federal stimulus enabled consumers to pay […]

KLLM Transport Services, one of the nation’s largest temperature-controlled carriers, on Thursday announced its acquisition of Quest Global.

June shipments data from Cass shows the fourth decline in six months from 2021 levels.

FreightWaves founder and CEO Craig Fuller assesses the potential for a “great purge” in trucking fleets.

FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.

A fireside chat with consultant Paul Estrada discussing how small carriers can maximize relationships to get freight from large enterprise shippers.

FreightWaves SONAR data can be indispensable, particularly in this environment.

FreightWaves presents the Small Fleet & Owner-Operator Summit on Wednesday, June 15.

Capacity increased again in May, according to the Logistics Managers’ Index. However, the transportation market stabilized in the back half of the month.

Schneider announced the acquisition of deBoer Transportation, a regional dedicated fleet of 160 power units.

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.

Heartland Express made its first acquisition since 2019 with its purchase of Smith Transport, a Pennsylvania-based truckload carrier.

This week: The Women in Trucking Association honors influential women; ANL aims to rehabilitate the Australian turtle population; and C.H. Robinson recognizes its top-quality carriers.

Truckload carrier C.R. England suffered a data breach last fall and this week informed its customers of the potential impact.

The three brothers who own Stan Koch Trucking split into factions years ago, but a court case settles the amount that two of them will need to pay.

The Small Fleet & Owner-Operator Summit takes place on June 15, 2022.

FreightWaves founder and CEO Craig Fuller analyzes truckload contract rates and where they may be headed.

Freight demand trends in a softening market continue to be bifurcated with large fleets remaining unscathed so far.

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.

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

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

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

The executive envisions a “connected ecosystem” where all capacity and shipments move simultaneously and in real time.

FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.

This week: Pilot donates $100,000 to Hire Heroes USA; Scrubblade becomes a sponsor of the St. Christopher Truckers Relief Fund; and TravelCenters of America starts taking nominations for its trucker awards.

Truckload carrier U.S. Xpress turned in a quarter that was roughly breakeven, but some of the numbers from its Variant initiative deteriorated significantly.

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.

Werner Enterprises continues to see solid contractual rate increases. However, it warned that newly minted carriers dependent on the spot market are likely in trouble.

Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.

On an earnings call with analysts, Covenant Logistics execs talked about the strong quarterly performance but noted that costs beyond fuel continue to rise.

Schneider beat estimates and raised full-year expectations Thursday. Management has been “encouraged” by contractual rate renewals so far this year.

truckload carrier Covenant Logistics had record-breaking net income for the first quarter, with improved operating ratios in its key trucking segments.

This week: St. Christopher reports its 2022 charitable progress, Operation Lifesaver delivers funds to 11 states and FedEx partners with Social Motion for Autism Acceptance Month.

Truckload carrier Heartland Express beat first-quarter expectations Thursday.

Knight-Swift Transportation lays out a thesis showing how large carriers will navigate a potential downturn considerably better than small fleets.

P.A.M. Transportation Services saw significant growth in its truckload and brokerage units during the first quarter.

Truckload carrier Marten set several records in its quarterly earnings report, and its operating ratio net of fuel surcharges was one of the strongest numbers. But its labor costs were up significantly.

On its first-quarter call with analysts, management from J.B. Hunt said demand indications from customers have been strong. The path is likely not as easy for smaller players in the space.

Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.

Shelley Simpson of J.B. Hunt will be the industry keynote speaker at The Future of Supply Chain.

Daniel Schilling, VP at carrier Fraley & Schilling, talks with FreightWaves’ Joe Antoshak about flatbed driver recruiting at the Enterprise Fleet Summit.

March data from Cass shows a deceleration in shipment growth and a higher chance of a freight recession, although “it is too early to call.”

FreightWaves Founder and CEO Craig Fuller explains the boom and bust cycle of the trucking industry.

Attend the FreightWaves Enterprise Fleet Summit on Wednesday, April 13!

With record inventories building and bottlenecks easing is deflation next?

FreightWaves Founder and CEO Craig Fuller analyzes methods to generate more revenue in a trucking downturn.

Concerns on declining demand and falling freight rates prompted Bank of America to issue ratings downgrades for multiple transportation stocks.

FreightWaves Founder and CEO Craig Fuller analyzes the current costs of trucking.

Venerable index gets shellacked as freight issues fall hard.

FreightWaves Founder and CEO Craig Fuller provides further analysis regarding the decline in the freight market.

Getting paid for getting drivers on board is the economic value proposition of the Ambassador program.

Craig Fuller analyzes the state of the U.S. truckload market.

Financial technology platform Outgo emerges from stealth with a vertical banking solution that automates bookkeeping functions for carriers.

Higher diesel prices also mean higher costs for empty miles.

This week: Pilot announces details of its three-year remodeling plans; the Women Automotive Network releases diversity survey data; and Fayetteville State University honors successful supply chain interns.

He couldn’t pull off the impossible, but he has made shareholders significantly richer in the process.

The company will become a stand-alone LTL carrier in North America.

Most of the 155 employees there are working remotely after being evacuated to the west, co-founder says.

A group of carriers and logistics providers has formed to raise money for the people of Ukraine.

The company says its U.S.-based agency with eastern Ukraine operations faces severe disruptions due to fighting in the region.

This week: Phillips 66 employees mark Black History Month, and Bendix and Amazon support STEM programs in the Midwest.

Truckload carriers continue to pay up for drivers. Dry van carrier Cargo Transporters announced another increase to its pay package.

Truckload rates have plateaued and may head down in the second half, Miller says. There is more runway for LTL increases, however.

Refrigerated carrier Hirschbach announced the acquisition of John Christner Trucking. The combination will form one of the nation’s largest temperature-controlled fleets.

U.S. Xpress expects freight demand to stay strong in the first half of 2022. The trajectory from there could hinge on inflation.

The Variant initiative is not yet showing signs of turning the company around.

The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.

“There is an urgent demand for new and innovative ways to increase visibility and efficiencies in the supply chain and improve driver experience, and this investment from our new and existing partners is going to power us to fill that need,” says Platform Science co-founder and CEO Jack Kennedy.

Werner Enterprises beat fourth-quarter expectations and announced plans to grow revenue by 10% on average over the next five years.

Nearly a year and a half into a tight truck market and carriers continue to raise driver wages. Midwest Carriers and CFI are the latest to announce increases.

Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.

The truckload carrier’s OR is one of the best in the industry but it’s being done on a smaller base of business.

Truckload carriers have been raising pay for 18 months now to meet heightened demand. But when this trucking cycle cools, don’t expect wages to follow in lockstep.

A lack of restroom access for drivers still plagues the trucking industry.

Voie, the group’s founder, still plans to retire in July 2023.

Freight broker Landstar closes 2021 with another beat-and-raise quarter. Demand has yet to buck normal seasonal trends, indicating the first quarter will be strong as well.

Knight-Swift Transportation reported another big quarterly result Wednesday. However, it appears the stretch of rapid growth will moderate as the comps have stiffened.

Marten’s labor and purchased transportation costs were higher in 2021 but were more than offset by rising revenue.