Proficient Auto Logistics had warned of a weak quarter. The numbers released Friday proved that projection correct.
RXO is boasting that its projected efficiency savings from the Coyote Logistics acquisition will surpass earlier estimates.
RXO’s third-quarter earnings were highlighted by the first numbers from Coyote Logistics as well as an operating loss.
Wabash National, feeling the impact of lower trailer orders, gets a negative outlook at S&P.
A group with trucking interests as a key driver has been formed in Texas to push new tort reform.
A former bookkeeper for an Iowa trucking company was sentenced to two years in prison after a guilty plea.
Expeditors International by numerous metrics had a strong third quarter.
The benchmark diesel price used for most fuel surcharges declined in the middle of a wild swing in futures markets.
The number of truck transportation jobs in the U.S., as reported by the Bureau of Labor Statistics, is only slightly off from where it was a year ago.
Uber Freight posted a wider EBITDA loss but showed improvement in revenue in the third quarter.
C.H. Robinson CEO Dave Bozeman talked with analysts Wednesday about his model for turning the company around. The evidence indicates it’s working.
A first look at C.H. Robinson’s third-quarter earnings reveals slightly slower sequential gains than in recent quarters.
A federally authorized study on driver retention finds turnover results from trucking companies’ economically driven policies.
Werner CEO Derek Leathers delivered a surprisingly positive outlook for the trucking market.
Werner Enterprises’ third-quarter operating ratio deteriorated by 320 basis points.
The benchmark diesel price used for most fuel surcharges rose though the broader futures market fell.
Interstate traffic in North Carolina and Tennessee is still dealing with the fallout from Hurricane Helene.
DHL is signing up for hydrogen trucks to be used in Illinois.
Ryder has been pushing to rely less on vehicle leasing, and it’s getting there.
Here’s a first look at Ryder’s third quarter earnings.
October’s SONAR webinar looked at key factors in earning the Shipper of Choice distinction.
Supply chain software provider Manhattan Associates says it is taking longer to close deals.
TFI CEO Bedard said on an analyst call that he wasn’t sorry the company bought UPS Freight, but he was plainspoken about its issues.
Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.
The benchmark diesel price used for most fuel surcharges declined Monday after four weeks of rising prices.
Marten Transport turned in a quarterly earnings report that was negative by almost every measure.
Forecasts of a bullish freight market were featured in this month’s State of Freight webinar for FreightWaves SONAR.
Trucking and marijuana use was the background issue in arguments before the U.S. Supreme Court this week regarding a driver who was dismissed for failing a THC test even though he hadn’t used marijuana.
The TriumphPay payments network turned in a positive EBITDA performance in Q3, a key benchmark for the company.
Backers of California’s AB5 independent contractor law have scored a fresh victory after the U.S. Supreme Court declined to review the Postmates/Uber case.
The benchmark diesel price used for most fuel surcharges rose for a fourth straight week, but futures prices plunged.
The annual ATRI survey of top industry concerns reveals a big gap between what drivers and carriers worry about.
A tough earnings report at supply chain software provider E2open was greeted with a big sell-off on Wall Street.
OOIDA and load board operator have teamed up in a deal that will give OOIDA members a discount.
NFI CEO Sidney Brown has filed a motion asking a judge to dismiss his criminal indictment stemming from a New Jersey real estate dispute.
The benchmark diesel price used for most fuel surcharges rose for the third consecutive week.
The Bureau of Labor Statistics report showed a small drop in trucking jobs in September but an enormous one at warehouses.
A second front will be opened in the legal battle over whether Amazon is a joint employer of drivers along with its delivery service partners.
Major interstate closures are continuing in both North Carolina and Tennessee after Hurricane Helene.
Pilot Travel Centers got a two-notch upward bump in its debt rating from Moody’s.
The benchmark diesel price used for most fuel surcharges rose 0.5 cents per gallon this week.
California Gov. Gavin Newsom has signed into law AB98, which will impact the growth of warehouses in California.
NFI CEO Sidney Brown and other defendants in the criminal case related to the Camden, New Jersey, waterfront redevelopment have moved for dismissal.
Its big deal with Platform Science announced, Trimble’s transportation segment is touting upgrades and new products.
Anne Reinke is leaving the Transportation Intermediaries Association to head the Intermodal Association of North America, and Chris Burroughs, already a VP at TIA, will fill her slot.
S&P gave a thumbs-up to the credit metrics at RXO after the company set two deals to fund the Coyote Logistics acquisition.
Data released by CVSA on International Roadcheck supports earlier numbers that suggest plenty of drivers stayed home.
A deal between Relay Payments and Love’s Travel Stops means the payments provider will cover about 75% of the diesel market.
A decertification effort by a small group of unionized workers at a Werner unit in New Jersey has ousted the United Food & Commercial Workers union a year after it was certified.
The benchmark diesel price used for most fuel surcharges rose for the first time Monday after 10 weeks of declines.
The basic per diem rate allowed by the IRS for payments to transportation workers is rising by $11 in fiscal year 2025.
Marten Transport cited the weak freight market in reducing the salaries of six top executives. The executives’ 2023 salaries ranged from $267,000 to about $811,000.
Here are five takeaways from FreightWaves’ State of Freight webinar for September.
Technology alone is not enough to retain drivers, according to a panel at Trimble’s technology conference Insight. Human intervention still matters.
Trimble customers who gathered in Las Vegas got the big news that Platform Science is acquiring Trimble’s telematics business.
The retail diesel price used as the basis for most fuel surcharges has fallen for a 10th straight week.
Daimler Truck North America is the latest trucking-related company to get hit with a nuclear verdict.
The monthly report on oil demand from the International Energy Agency should be good news for transportation companies.
Ancora placed a few of its people on the Norfolk Southern board in May, and that likely led to CEO Shaw’s ouster.
A driver who lost his job after taking a CBD product he thought didn’t have THC is about to argue before the Supreme Court that he should be able to sue the manufacturers under the Racketeer Influenced and Corrupt Organizations Act.
In the middle of an overarching downward trend in the price of oil, the benchmark diesel price fell for the ninth straight week.
Universal Logistics is cutting more than 90 workers at its facility in Detroit.
The BLS report for August showed another decline in truck transportation jobs and another increase in warehouse employment.
Opponents of a bill transferring significant authority over California warehouses from local governments to the state are waiting to see whether Gov. Gavin Newsom will sign it.
The Texas Supreme Court will hear an appeal by Werner Enterprises in a long-running, $100 million nuclear verdict case.
The drop in the benchmark retail diesel price is a lot smaller than what is going on in futures markets.
Moody’s reduced truck parts retailer FleetPride’s outlook to negative.
The benchmark diesel price used for most fuel surcharges fell for the seventh straight week.
BMO’s transportation group, a big lender to trucking, showed even more third-quarter credit deterioration in the sector.
A regional decision by the National Labor Relations Board undermines Amazon’s delivery service partner model and will force greater recognition of unionized workers by the retail giant across the country, according to the Teamsters union.
The Supply Chain Council has extended its executive team and plans to be a national rather than “California-first” organization.
The California Trucking Association is ending its long-fought legal battle against the state’s AB5 independent contractor law.
Eastern U.S. railroad operator CSX has reached a deal with several of its unions well before a deadline.
The annual BLS benchmark adjustment used to determine employment levels moved up for transportation, unlike most of the economy.
RyderVentures invested in AI system developer Terminal Industries last year; now the companies say they’re getting highly accurate check-in and monitoring with Terminal technology at one of Ryder’s warehouse yards in California.
Though most logistics companies are operating with reduced revenue and earnings, deals in the sector have not ground to a halt. One recent deal was significant enough that the Tenney […]
The price used for most diesel surcharges dropped for the sixth consecutive week.
A federal court decision on an Illinois employment law could pose a legal threat to carriers well beyond the state’s borders.
BRW has been created through an acquisition as a combined brokerage and truckload and LTL carrier.
ATA and OOIDA are at odds in a very public way over the Biden administration independent contractor rule.
The benchmark price of diesel used for most fuel surcharges fell for the fifth straight week.
QXO, the latest venture by Brad Jacobs, has a strong opportunity in building products distribution, according to an Oppenheimer & Co. report.
Proficient Auto Logistics, the auto hauler that went public in May, has made its first acquisition since its IPO.
OOIDA, in its appeal in California’s AB5 independent contractor law case, raised the law’s B2B exemption as an issue.
RXO did not see significant improvement in its key financials, but it highlighted where things were better.
The CEO of truckload carrier NFI pleaded not guilty in a New Jersey political corruption case.
Bestpass-Fleetworthy Solutions, known primarily for its toll management services, is acquiring weigh station bypass company Drivewyze and signals that more acquisitions are ahead.
3PL RXO saw its revenue decline in the second quarter, but gross margin was higher.
EBITDA at Uber Freight remained negative in the second quarter, and revenue continued to fall.
Expeditors International saw an increase in its airfreight business in the second quarter and a downturn on the ocean.
A proposed shift in how tax revenue generated by freight movements is allocated among states has hit a dead end.
The benchmark diesel price used for most fuel surcharges declined for a fifth straight week.
Two key reporting agencies saw a slowdown in truck orders last month.
The employment report for July showed truck transportation jobs down for the fourth straight month.
Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.
New York City is claiming early victory in cutting down traffic on a troubled highway segment in Brooklyn.
Dave Bozeman, one year into the job as CEO of C.H. Robinson, cites a new operating model as the company’s earnings surprise to the upside.
C.H. Robinson’s earnings look solidly positive, and the stock market reacted that way.
The CEO of Werner Enterprises says an inflection point in the freight market might be near.
Werner Enterprises saw revenue and earnings per share drop in the second quarter.