Port expert Walter Kemmsies discussed the distortions in trade and demand for goods and services created by the pandemic during FreightWaves’ Global Supply Chain Week.
Expeditors suffered a significant decline in fourth-quarter earnings as the air and ocean freight markets dropped sharply.
Radiant Logistics pushed back financial filings once again as it works to correct inaccurate timing of revenue and expenses in prior periods.
Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.
A golfer named Ryder is going to lead marketing for Ryder, and it all started with a memorable shot at a place like no other in golf.
A monthly survey of supply chain executives released Tuesday revealed signals that transportation markets could be poised for a recovery.
Ongoing education — from short training to complete degree programs — is one of the best ways to keep employees from feeling stagnant. Companies that offer access to those opportunities will have an edge when recruiting and retaining today’s future-minded workers.
Jones Logistics said Thursday it has acquired dedicated carrier Nationwide Express.
The day after C.H. Robinson announced disappointing fourth-quarter earnings, the analyst community showed little optimism for the 3PL leader’s near-term future.
Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.
Interim CEO Anderson says cost savings target is $150 million by the end of the year; Global Forwarding drags down Q4 earnings.
FitzMark announced Wednesday it has completed its seventh acquisition in the last four years.
The world’s first allogeneic T-cell therapy — a type of universal immunotherapy treatment that relies on donor blood — was approved in Europe earlier this month. This is a game changer for medicine. It is also a game changer for the logistics industry.
The California Trucking Association is making its pitch for another injunction to keep AB5 out of the state’s trucking sector.
E2open, a publicly traded supply chain software provider, reveals earnings that provide a look into the state of the industry.
NOVA Infrastructure has announced it added another port drayage provider serving the Port of Charleston to its portfolio.
Transportation prices fell at the fastest pace on record, according to the December Logistics Managers’ Index.
Demand for 3PL services to handle last-mile shipments of heavy goods will grow by double digits annually through 2025, according to a report by Armstrong & Associates and the National Home Delivery Association.
Freight forwarder MTM Logix recently received a private equity investment aimed at capitalizing on companies nearshoring to the Americas.
First, the company popularized two-day shipping. Then, Amazon Relay was created to help fill growing capacity needs. This paved the way for further innovation, including Amazon Freight for shippers and Amazon Freight Partner for carriers.
3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.
A tax code throat punch promises to make gig work and online selling as fun as a trip to the morgue and as profitable as the average Mega Millions ticket.
Logistics M&A experts at a Benesch law firm conference don’t see any significant downturn in activity even as the freight market slows.
Port X Logistics has made a name for itself in drayage, expediting containerized freight throughout the U.S. and Canada. Now the company has brought its expertise into the airfreight arena.
RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.
Reverse logistics is a tough, unfamiliar skill set for 3PLs. But the potential payoff is huge.
Shippers and carriers interact with the market differently, but one thing has become clear over the past few years: Contracts and dedicated lanes allow both parties to gain stability in an unpredictable landscape.
The November Logistics Managers’ Index showed transportation capacity was up again with pricing contracting at the fastest rate on record.
3PL company Neovia has a new capital structure, but S&P Global Ratings still views it as having a large hill to climb.
Nike has remained a popular shoe brand for decades (Photo: AP File/Matt Rourke)
Expeditors’ stock is too high priced, Wells Fargo says, as it cuts its rating to a level tantamount to “sell.”
Hub Group, a full-service transportation and logistics provider, detailed leadership changes on Thursday.
Management from one of the nation’s largest truck brokerages is ready to take on the industry alone.
Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.
Werner Enterprises announced the acquisition of freight broker ReedTMS Logistics for $112.4 million. The deal also included a small dedicated carrier.
Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.
Holiday sales will decline by up to 50% from 2021 levels, but they will still be healthy despite macroeconomic concerns, according to the National Retail Federation (NRF).
Transfix’s head of product talks about the company’s new contract structure at F3.
Convoy’s co-founder said he’s seeing an increasing number of smaller truck carriers parking their vehicles.
Harry Broadman said during a presentation at FreightWaves’ F3: Future of Freight Festival that technology can create jobs, just not the same type of jobs.
The deal announced Wednesday marks Ryder System’s second purchase of an e-fulfillment company in less than a year.
Mexican logistics systems are lagging and they need to be improved to capitalize on a great opportunity, Solvento CEO Jaime Tabachnik said at FreightWaves’ F3: Future of Freight Festival.
XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.
Uber Freight’s EBITDA was barely positive in the third quarter on a decline in revenue.
Uber Freight and Transplace are now fully consolidated, and its leaders are touting the benefits.
In the first earnings call since its AB5-driven deal with the Teamsters, Universal CEO Tim Phillips speaks positively about its impact.
Amazon reported a third-quarter sales deceleration that it says will persist into the holidays.
A reversion to the mean will occur after two strong years, Armstrong & Associates predicts.
Barge movement on the Mississippi River continues to be impaired by low-water levels with no end in sight.
Shippers are expected to do their due diligence when it comes to choosing carrier partners. That includes choosing companies that are working within FMCSA guidelines, a task that requires knowledge of said guidelines.
The city’s industrial real estate market is experiencing an acute supply shortage with little space to be found, according to a Colliers International report.
An overview of F:3 Future of Freight Festival, Day 3.
RXO, the stand-alone brokerage company about to be spun off by XPO, has received a near-investment-grade rating from S&P.
From transportation capacity and labor constraints to changing order profiles and more frequent disruptive events, maintaining predictable and cost-effective material flows has never been more complex or challenging.
XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.
Freight broker Transfix announced it has terminated plans to go public. Instead, it will seek private funding from current investors.
TA Services announced that it has acquired California-based broker KPI Logistics.
XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.
Radiant Logistics announced Wednesday it has acquired a strategic operating partner in Minnesota.
Radiant Logistics will restate financial results for 2021 and the first three quarters of 2022, according to a filing with the Securities and Exchange Commission.
ITS Logistics has announced a $100 million investment to build a 1 million-square-foot distribution warehouse in Fort Worth, Texas.
One area that carriers have emphasized this year is “ugly freight” – or non-conveyable shipments. These are packages that are hard to put through their automated systems.
Logistics real estate operator Prologis said Wednesday that its planned acquisition of Duke Realty has received shareholder approval.
XPO Logistics announces board members for RXO, its brokerage unit that will be spun off in the fourth quarter.
BlackBerry isn’t in cellphones anymore, but its Radar division is in the middle of the market-share battle in asset tracking.
Algorithm-driven insights help fleets strategize their operations better when faced with rapidly changing weather conditions.
Associations have come together on supply chain issues in California to form the Goods Movement Alliance.
Senior executive says “strategic assets along the supply chain are a key part of Hapag-Lloyd’s Strategy 2023.”
USA Truck said Thursday it has been sold to German 3PL DB Schenker.
The MerQube FreightWaves Supply Chain Tech Index is introduced.
DHL Supply Chain provides visibility across the entire supply chain with top-notch transparency and easy-to-understand performance-tracking tools.
The MerQube FreightWaves Supply Chain Tech Index is introduced.
XPO Logistics announced that Jamie Harris will become the CFO of freight broker RXO following a planned separation in the fourth quarter.
Odyssey Logistics, a 3PL that specializes in metals and chemicals, had its debt rating upgraded by Moody’s.
Ryder has bought the rest of Baton, a logistics software startup that already had received funding from Ryder Ventures.
Jacob Patterson, who worked at TQL for nearly 14 years, claims his lawsuit against the second-largest freight brokerage in the U.S. “demonstrates the extraordinary measures TQL will take to harm the career prospects of an employee who has the temerity to leave the company.”
In order to be proactive in both the planning stage and throughout the year, shippers need access to accurate, digestible and up-to-date data.
The worst may be over for low water levels on the Rhine, but the impact on the supply chain will take time to fully ease.
FreightWaves interviewed an expert to learn more about what it will take to adapt supply chains to a circular economy.
There’s a new report out that should concern diesel buyers.
Ongoing deflationary market conditions are likely to continue causing challenges for these spot-dependent carriers even as the fall and holiday freight surge approaches.
A vote to be represented by the Teamsters at an STG facility in California has taken place but the ballots have been impounded.
XPO recorded several records in its second-quarter earnings as it prepares to turn over Brad Jacobs’ CEO seat to Mario Harik.
Logistics technology provider Slync.io announced Friday it has fired Chris Kirchner as CEO and removed him as chairman of the company’s board of directors.
Diesel has been sliding for weeks but it may be masking underlying tightness. Also on the podcast: Carrier Logistics on TMS.
Over the past several years, “culture” has become something of a buzzword in the corporate world. Despite this trending vernacular, the things that make up a company’s culture – energy, diversity and values – are the same things that determine whether or not people want to work there.
Broker Landstar System missed second-quarter expectations but noted pricing metrics are holding firm.
Axle Logistics has partnered with the University of Tennessee’s Haslam College of Business to turn out more well-trained, entry-level sales professionals.
When pandemic-fueled headwinds pushed historic amounts of freight into the spot market, many shippers found themselves running an unmanageable amount of seasonal bids to compensate for annual contract failures.
A supply chain survey released Tuesday showed market fundamentals continued to cool during June.
Redwood is focused on bringing together a number of strong solutions that already exist. The open supply-chain ecosystem enabled by RedwoodConnect operates more like an app store than a single application, facilitating the ability to integrate a variety of solutions.
In the third in a series of podcasts on the providers of supply chain solutions, Craig Moore of Korbel talks about the needs of the warehouse sector.
Decades of experience delivering critical health care products has shaped Capstone Logistics’ last-mile solution for e-commerce and grocery delivery.
Traditional loans or recourse factoring are not the only ways to get carriers paid and build up credit. ComFreight has set out to help brokers grow and solve the problem of contract-heavy, high-stress traditional financing with HaulPay.
Burris Logistics expands cold chain service map for subsidiary Honor Foods in its latest acquisition.
What’s it like to have a totally antiquated supply chain management process and build a new one from the ground up? Karon Evanoff tells her story.
Shippers are beginning to realize that their tried and true RFP methods will no longer keep them competitive in a changing market, pushing them to consider new, data-driven options.
Real estate logistics provider Prologis set a net-zero emissions target for 2040 along with other targets in its environmental, social and governance report.
“We deliver, so you can” is more than a tagline — it’s the foundation upon which Arrive Logistics has built its business.
Rising fuel costs have affected every link in the supply chain across all modes of transportation.
