Business

United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year.

Matt Silver launches US-Mexico logistics startup Cargado with $3 million in pre-seed funding.

Shippers’ mood has been buoyed by positive economic prospects for the U.S., while brokers and carriers are encouraged by a possible market shift.

Visibility providers project44 and FourKites take their defamation fight to the Illinois Supreme Court.

Nikola is in no hurry to artificially boost its stock price to ward off its second Nasdaq delisting notice in eight months.

Flexport CEO Ryan Petersen on Friday announced the company has raised $260 million from shareholder and e-commerce provider Shopify.

A Las Vegas man has been sentenced to supervised release and six months of house arrest for his role in a scheme to defraud the trucking company where he worked out of more than $112,000.

Could electric trucks find a new power source in decommissioned power plants. Zeem Solutions plans to find out.

J.B. Hunt Transport Services’ fourth quarter was weighed down by insurance costs but revealed a couple bright spots at the bottom of the cycle.

Supply chain-focused startups Sayari, TrusTrace, Cart.com and Kusari recently secured a combined $330 million in capital investments.

WWL Vehicle Services Americas is closing a Houston logistics operation and moving to Freeport, Texas.

Logistics real estate operator Prologis’ 2024 outlook calls for relative softness in the market during the first half of the year before rebounding.

PS Logistics announced its second deal of the year, acquiring the flatbed operation of North Carolina-based ELS.

The Haslam family has exercised its option to have Berkshire Hathaway buy the final 20% of Pilot Travel Centers it did not already own.

One-time autonomous trucking leader TuSimple took the next step in its pullout from the U.S. market by voluntarily delisting from the Nasdaq.

Equities analysts have trimmed fourth-quarter truckload estimates again after the industry limped through the final days of the year.

Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.

ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.

Brad Jacobs’ new book, “How to Make a Few Billion Dollars,” is filled with lessons for transportation entrepreneurs.

Daimler Truck managed a 1% gain in global sales in 2023, less than expected as supply chain issues still haunted the leading OEM.

At the big National Retail Federation meeting in New York, a daylong discussion on supply chains looked back on the craziness and ahead to a bold future.

Daimler Truck named Eva Scherer as chief financial officer to succeed Jochen Goetz, who died from a reaction to a wasp sting in August.

Echo will leverage Navix’s ecosystem of billing data to automate its freight-auditing capabilities.

Delta Air Lines’ cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.

Freight brokerage Coyote Logistics has slashed an unspecified number of jobs in its sales and operations divisions.

TruBlu Logistics is divesting its private long-haul fleet and will transition cross-dock shuttle operations to another company, affecting over 600 trucking jobs.

FreightWaves spoke with experts from across the supply chain about technology lessons learned in 2023 and what strategies will succeed in 2024.

GXO Logistics is closing a Memphis distribution facility and laying off 211 workers.

Florida International University College of Business’s Dr. Patrucco teaches novel approaches to buyer-supplier relationships.

Ree Automotive’s Class 5 delivery van is the first to eliminate mechanical linkages for steering, braking and driving.

After agreeing to a $1.675 billion fine for violating the Clean Air Act, Cummins Inc. will pay California $175 million in the same case.

Highway, port and freight rail projects are caught up in a Government Accountability Office report questioning how the Department of Transportation justifies infrastructure investments.

The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.

The final Department of Labor rule on independent contractors was mostly unchanged but with some small wins for the trucking industry.

Will Urban has joined the board of LuckyTruck, a company that uses historical truck data and automation to provide an insurance management platform.

Digital freight brokerage Uber Freight confirmed Tuesday it was forced to cut a number of jobs in order to align with its “continued commitment to drive sustainable growth.”

Middle-mile autonomous trucking leader Gatik is benefitting from additional technology advancements in its collaboration with Goodyear.

Seattle-based logistics startup Flexe is laying off 99 workers, its third round of layoffs in two years.

Craig Fuller, CEO and founder of FreightWaves, has joined the board of directors of Repowr, a Chattanooga-based FreightTech company pioneering the largest commercial trailer marketplace in North America.

A California-based third-party logistics company, which had 34 power units and 33 drivers, filed for bankruptcy liquidation on Thursday.

Kodiak Robotics showed its 6th-generation autonomous truck that will begin hauling freight without a driver in Texas later this year.

A decision by the U.S. Supreme Court not to review a case involving broker liability leaves that question unresolved among the circuit courts.

Berkshire Hathaway and the former owners of Pilot Travel Centers have settled their legal differences on the day trial was set to begin.

Spot rates did eventually see a boost at the start of the new year, albeit one that was unable to meet our prior forecasts.

The Fair Labor Standards Act can be applied to team drivers for some of the time spent in the sleeper berth, according to a federal court.

Nikola is finally putting its fuel cell electric truck in the hands of retail customers like Bill Hall of Coyote Container.

Aurora Innovation has frozen the designs for its Aurora Driver hardware that German supplier Continental will build.

Chattanooga, Tennessee-based 3PL Kenco announced Thursday it has acquired third-party warehousing services provider The Shippers Group.

Echo’s Frank Hurst spoke with FreightWaves about how the recent Roadtex acquisition has changed reefer LTL.

The demise of Yellow Corp. dominated headlines after the carrier filed for bankruptcy protection in August. A lot of smaller carriers and brokerages also called it quits in 2023.

XPO’s Anthony Hoereth discussed the company’s strategic plan and investments that are driving a historic surge in LTL service levels.

“It is no longer grow at all costs. We must be more efficient with our resources and cognizant of your overhead,” says Zelh’s Jeff Ogren

2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.

Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies.

At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.

The California Clean Truck Check registration deadline has been extended to Jan. 31.

Cart.com recently secured $30 million in venture capital aimed at boosting the e-commerce startup’s balance sheet.

We take a look back at some of the FreightWaves stories that captured your attention this year.

The next year could be fraught with disruption but investment in logistics technology is likely to continue.

Cummins Inc. will pay nearly $1.7 billion to federal and state regulators to settle a more than 4-year-old emissions-cheating case.

TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.

Importers and exporters are looking to air cargo as a way to bypass the dangerous Red Sea and minimize supply chain disruptions.

A lawsuit challenging the waiver granted by the EPA to California for its Advanced Clean Trucks rule will be delayed.

HaulerHub’s Sam Agyemang and Sagar Sudhir unveiled strategies to streamline operations and enhance security in U.S. trucking.

Parallel Systems recently gave a public demonstration of how its autonomous rail vehicle technology works.

There’s a new nuclear verdict against a trucking company and it comes out of a case in Georgia.

Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.

The United States imported over $4 billion worth of imports of Christmas decorations in 2022, with most coming from China, Vietnam and Mexico.

The Winnipeg Airport Authority is ready to begin the next phase of its cargo expansion and modernization project with an investment from the Canadian government.

An earlier Uber/Postmates court victory over AB5 in California has been vacated.  

Three companies departed autonomous trucking in 2023 as Aurora Innovation, Kodiak Robotics and Torc Robotics staked leadership claims.

FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.

Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.

Florida International University College of Business’ Michael White brings his executive wisdom to the classroom.

The new CEO of C.H. Robinson has never led a freight brokerage. His beginner’s mind might be what the beleaguered company needs. 

BWT Logistics announces it has acquired North Carolina-based regional 3PL International Express Trucking

It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.

Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)

A panel at a conference on private equity in transportation reviewed the reasons why Convoy collapsed.

The upcoming trial between the Haslam family and Berkshire Hathaway will see some limits on discussing a contentious issue.

A look at how the key to success in the supply chain industry is picking the right partner.

Rail technology provider Wabtec is joining forces with Dutch company Intermodal Telematics to create telematics technology for rail cars.

Freight Ninja executives outlined ambitious plans to double locations by 2024, tackling the parking shortage with a focus on smaller trucking companies.

We’re still at risk for another “everything shortage” should a new crisis shut down society again. 

Alleged thefts of chicken and chicken-adjacent foods on both sides of the Atlantic have me feeling fricasseed.

California has asked the Environmental Protection Agency for a waiver to implement the Advanced Clean Fleets rule.

The move included the departure of a key executive, Glenn Koepke, vice president of strategy.

The sophistication of the world’s cybercriminals keeps improving and trucking companies need to invest, according to NMFTA’s Antwan Banks.

“It’s a more challenging market now, so we want founders who are going to be able to grind,” says Autotech Ventures’ Todd Fowler.

Turvo has helped Reibus Logistics break into the world of supply chain — thanks to new technology offerings.

Technology advancements will make it easy to automate warehousing operations right from your phone.

Walter “Mitch” Mitchell, CEO of Tai Software, urges freight brokers to build their businesses in areas that benefit customers before deciding whether to buy or build a TMS platform.

BASF’s North American operations made a concerted effort to help their carriers spend less time at their manufacturing plants and more time moving freight.

Feds compare convicted startup founders Elizabeth Holmes and Trevor Milton in recommending Nikola’s founder receive a similar sentence.

ITE Management said Tuesday it has acquired a majority stake in intermodal chassis lessor Trend.

Technology plays an increasingly large role in how supply chains operate and has created a sea change for the industry.

Federal prosecutors want to see Nikola founder Trevor Milton imprisoned for 11 years as punishment for lying to investors.

Terminal’s founders, CEO Raghav Midha and CTO Connor Giles, bonded through a passion for fintech and trucking.

Western Global Airlines is starting with a clean slate after completing Chapter 11 bankruptcy, but still faces difficult market conditions.

GlobalTranz prefers the Supreme Court not review its appellate court victory in a case involving a fatal accident.