The Latest
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Trucks, trailers, tonnage: What transport data says about the state of the industry
Driven by the produce market, reefer spot volumes rose at the end of April, DAT reported.
Updated May 1, 2024 -
Ryder opens another facility on the US-Mexico border
The new warehouse in El Paso, Texas, is a result of growing demand from clients in the region and an expected rise in nearshoring activity.
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Marten continues stance against lowering rates
The holdout comes as Q1 operating income for the carrier dropped 58% year over year.
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Saia CFO announces retirement
Douglas Col will stay on through the end of the year to ensure a smooth transition for his successor.
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Wabash customers delay pickups, hurting sales
The delayed pickups contributed to the OEM’s sales falling by 17% year over year in Q1.
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‘Follow the money’: Landstar positions for nearshoring, infrastructure business
The logistics provider is investing in cross-border and heavy-haul to capture opportunities in the U.S. and Mexico, CEO Frank Lonegro said.
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Penske debuts AI platform to improve fleets’ key metrics
Fleets can use Catalyst AI to improve MPG and utilization by comparing data with similar fleets, according to the carrier.
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DOL expanding overtime pay eligibility to millions of US workers
The department will raise a current threshold of $35,568 that triggers an exemption from extra pay provisions.
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Hub Group M&A deal boosts Q1 revenue
With the integration of the former Forward Air segment in its rearview, CEO Phil Yeager says the company is “back in the market” for more deals.
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Covenant reports $8M expense related to acquisition
The Lew Thompson deal came with a contingent consideration expense based on the subsidiary's performance.
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Old Dominion has hired 500 workers since September
Although demand still lags, the LTL giant staffed up “to get ahead of anticipated growth,” CFO Adam Satterfield said.
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Sheetz adds AI-powered fuel supply and dispatch
CLI Transport, the convenience retailer’s dedicated fuel carrier, partnered with Gravitate to optimize order generation, route planning and more.
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Knight-Swift limits net loss to $2.6M in Q1
The trucking giant finally exited a third-party insurance business that has dragged its earnings.
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White House earmarks $1.5B in push for freight decarbonization
Federal funds will support the electrification of ports and electric truck charging infrastructure, among other projects.
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Ryder notes synergies developing for Cardinal Logistics acquisition
Total revenue for its dedicated segment in Q1 increased 24% year over year.
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Aurora trucks without drivers reach highway speeds on test track
Testing reached 75 mph at a facility in Ohio, the company told Trucking Dive.
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Forward Air hires longtime CEVA Logistics exec as CEO
Shawn Stewart succeeds Tom Schmitt in leading the LTL following its messy acquisition of Omni Logistics.
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Heartland Express posts $15 million operating loss
The carrier’s earnings were hit by a combination of extended weak demand, extreme weather and rising operating costs, CEO Mike Gerdin said.
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Freightliner produces 1 millionth Cascadia
The brand’s flagship model has become the leading Class 8 truck on the market since its 2007 debut, Daimler Truck North America said.
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Lion Electric lays off 120 workers
The electric truck and bus maker blamed delays from a government fund for the job cuts.
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5 auto carriers propose $180M merger
Florida-based Proficient Auto Transport is leading the roll-up of the companies, whose largest customer is General Motors.
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PAM Transportation Services posts operating loss for Q1
The company’s TL operating ratio was 104.2% for the quarter.
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How Schneider National tapped into shipper needs post-Baltimore bridge collapse
Following a wave of freight rerouting requests, a quickly deployed email campaign gave the carrier’s drayage and other logistics services a boost.
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Paccar opposes renewed push for environmental reporting
An investment firm has resubmitted a proposal that narrowly failed last year to require additional reporting by the OEM on its lobbying efforts.
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XPO, Estes, Saia begin to reopen Yellow’s former terminals
Remaining LTL players are incorporating the bankrupt carrier’s properties into their networks after scooping up its freight and assets last year.