Industry News

News from the world of Trucking

• Trucking M&A Expert Doesn’t Expect Slowdown    (2023-01-27)
  The market for mergers and acquisitions in trucking is poised to stay robust, but could undergo some changes, an expert said during a recent industry event.
• Inflation, Consumer Spending Cool in December    (2023-01-27)
  WASHINGTON — The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
• Idaho Replaces 511 Trucking App With New One    (2023-01-27)
  State transportation officials want to get the word out to thousands of truckers using the Idaho 511 Trucking app that they need to switch to a new 511 state travel system because the other doesn’t work now.
• Federal Grant to Make Golden Gate Bridge Safer From Earthquakes    (2023-01-27)
  Protecting the safety of travelers over the Golden Gate Bridge, including 555,000 truck drivers carrying freight annually, was a key topic among Washington officials gathered in San Francisco near the iconic landmark to celebrate a $400 million federal grant for earthquake resiliency.
• SUVs Emerge as Hot Point in EV Tax Credit Debate    (2023-01-27)
  General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric vehicle tax credits.
• Knight-Swift Reports Lower Q4 Results    (2023-01-27)
  Knight-Swift Transportation Holdings Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Jan. 26.
• Julian Jones' 1994 Kenworth W900L    (2023-01-27)
  Jones uses the rig to haul Nature's Big Spring bottled water in the north Georgia, Alabama and Tennessee area.
• Automakers Eye Market for Small Electric Pickups    (2023-01-27)
  Having zipped from six-figure sedans to Costco-crushing SUVs, electrification is finally zeroing in on the auto industry’s most esoteric form: the tiny pickup truck.
• Xos promotes Savage to VP of service and distribution    (2023-01-27)
  Electric truck maker Xos has promoted Jessica Savage to vice-president of service and distribution. Savage will oversee the service, distribution, and customer experience teams, which are responsible for Xos’ aftermarket sales, service, and warranties strategy, parts catalog and system, and client services. “I’m thrilled to continue growing on our successes at Xos and building a […]
• Daily Infographic: December trailer orders 2nd highest on record    (2023-01-27)
  December trailer orders 2nd highest on record The post Daily Infographic: December trailer orders 2nd highest on record appeared first on FreightWaves.
• Truck clipped by small plane during emergency landing on Texas highway    (2023-01-27)
  A small plane lost power as it approached a highway near Houston and made an emergency landing, clipping a trailer as it landed...
• Air France-KLM doubles order for Airbus A350 freighters    (2023-01-27)
  Martinair, with the help of parent company Air France-KLM, is buying four new freighters from Airbus. The post Air France-KLM doubles order for Airbus A350 freighters appeared first on FreightWaves.
• Knight-Swift’s Q4 misses, 2023 outlook does not    (2023-01-26)
  Knight-Swift Transportation’s 2023 outlook comes in as expected, potentially establishing a higher earnings trough for the carrier. The post Knight-Swift’s Q4 misses, 2023 outlook does not appeared first on FreightWaves.
• Famous Oscar Mayer Wienermobile stands test of time    (2023-01-26)
  Debuting in 1936, the Oscar Mayer Wienermobile was created as a marketing device and to transport the company spokesman. The unique transportation method went on to symbolize the meat brand and 21st century Americana. The post Famous Oscar Mayer Wienermobile stands test of time appeared first on FreightWaves.
• Truckers’ positive drug tests up 18% in 2022    (2023-01-26)
  After three years in operation, FMCSA’s drug clearinghouse is ‘a great source of truth’ despite alarming trends, asserts a trucking regulatory expert. The post Truckers’ positive drug tests up 18% in 2022 appeared first on FreightWaves.
• Rail Workers Still Seeking Quality-of-Life Improvements    (2023-01-26)
  OMAHA, Neb. — The contract imposed on railroad workers last fall didn’t resolve their quality-of-life issues, but already this year there are indications the major freight railroads are starting to address some of their concerns.
• Border-crossing trucks move $34.1 billion in November freight    (2023-01-26)
  Trucks moved US$34.1 billion in freight across the Canada-U.S. border in November 2022, according to the latest data from the U.S. Bureau of Transportation Statistics. The top three truck ports included crossings between Ontario and Michigan at Detroit ($10.2 billion) and Port Huron ($5.5 billion), and the crossing at Buffalo, N.Y. ($5.3 billion). All figures […]
• When final mile attacks    (2023-01-26)
  In this issue of the WHAT THE TRUCK?!? newsletter: Final mile fails, LEGO HQ moves to Boston, Tesla's new SEMI and Cybertruck plant The post When final mile attacks appeared first on FreightWaves.
• American Airlines’ cargo revenue tops $1.2B despite market slide    (2023-01-26)
  American Airlines generated strong cargo sales in 2022 even as market conditions deteriorated. The post American Airlines’ cargo revenue tops $1.2B despite market slide appeared first on FreightWaves.
• Attracting drivers through authentic digital content — Taking the Hire Road    (2023-01-26)
  Companies should utilize social media and content marketing for recruitment efforts to stay ahead. The post Attracting drivers through authentic digital content — Taking the Hire Road appeared first on FreightWaves.
• FourKites enhances supply chain visibility with Data Connector    (2023-01-26)
  Companies in need of supply chain visibility can now leverage FourKites data through their existing internal platforms. The post FourKites enhances supply chain visibility with Data Connector appeared first on FreightWaves.
• Covenant optimistic this time is different; stock falls 20% on wonky Q4    (2023-01-26)
  Covenant Logistics Group is hopeful this cycle won’t bring a material earnings decline, which was the norm in prior downturns. The post Covenant optimistic this time is different; stock falls 20% on wonky Q4 appeared first on FreightWaves.
• Amazon to Sell Bay Area Office Complex as Sales Growth Cools    (2023-01-26)
  Amazon .com Inc. is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
• Positive Marijuana Tests Among Drivers Grow at Alarming Rate    (2023-01-26)
  Nearly 41,000 truck drivers tested positive for marijuana in 2022, a 32% increase over 2021, according to a report recently compiled from data in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse.
• Loaded and Rolling: Morgan Stanley report says carriers, brokers ‘hungry for freight’    (2023-01-26)
  A report published Wednesday by Morgan Stanley Research highlights demand expectations and how carriers and brokers are hungry for freight. The 37-page report is a combination of survey data and pricing models, with expectations and sentiment for the next three months indicating a negative outlook. The post Loaded and Rolling: Morgan Stanley report says carriers, brokers ‘hungry for freight’ appeared first on FreightWaves.
• Check Call: The future of warehousing    (2023-01-26)
  Inside this edition: Warehousing automation will be key; the automotive sector is hot for 2023; and an upsetting trend hits too close to home. The post Check Call: The future of warehousing appeared first on FreightWaves.
• Nikola Launches HYLA Brand for Hydrogen Fuel    (2023-01-26)
  Nikola Corp. is launching updated branding for its hydrogen production, distribution and sales efforts, sharpening its focus on a segment integral to a company footprint that also includes production of fuel cell electric trucks and development of electric vehicle technology.
• Republicans to Review Supply Chain Operations    (2023-01-26)
  For their first order of business this year, Republicans on the transportation committee in the U.S. House of Representatives intend to delve into supply chain operations.
• Marten revenue up, but net income growth lowest in over 2 years    (2023-01-26)
  Marten Transport had a mostly steady quarter, with some improvements and some softness. The post Marten revenue up, but net income growth lowest in over 2 years appeared first on FreightWaves.
• Electric vehicles will have tough audience in LTL carriers    (2023-01-26)
  Current battery-charging cycles could compromise LTL network efficiency, according to the president of AAA Cooper Transportation. The post Electric vehicles will have tough audience in LTL carriers appeared first on FreightWaves.
• Tractor-trailer thefts rose 23% in Mexico last year    (2023-01-26)
  Authorities in Mexico reported more than 8,000 incidents of stolen cargo trucks and trailers in 2022. The post Tractor-trailer thefts rose 23% in Mexico last year appeared first on FreightWaves.
• CSX expects service gains will bolster railroad during economic downturn    (2023-01-26)
  Like the other Class I railroads, CSX is bracing for macroeconomic headwinds in 2023. But continuing service improvements will lend support to the company, executives said during CSX’s fourth-quarter earnings call. The post CSX expects service gains will bolster railroad during economic downturn appeared first on FreightWaves.
• Covenant Sees Year-End Slowdown    (2023-01-26)
  Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.
• Volvo Group sets Q4 delivery record as supply chain issues linger    (2023-01-26)
  Volvo Group set a fourth-quarter record for deliveries, but the OEM said supply chain disruptions and energy costs would impact business. The post Volvo Group sets Q4 delivery record as supply chain issues linger appeared first on FreightWaves.
• Trucking Groups Not Pleased With Toll Hikes in Northeast States    (2023-01-26)
  Toll increases this year in Pennsylvania, New Jersey and New York are frustrating trucking companies that are having to pass on costs in the form of higher freight charges.
• Passport signs on parcel shipping veteran to lead business development    (2023-01-26)
  “It’s not a one-size-fits-all scenario. We can sit down with any merchant of any size, with any kind of commodity and really understand their needs and how both the technology and our carrier network can get that customer delivery experience they are looking for,” said Brad Noble, Passport’s new head of business development. The post Passport signs on parcel shipping veteran to lead business development appeared first on FreightWaves.
• Toyota CEO Akio Toyoda to Step Aside, Become Chairman    (2023-01-26)
  TOKYO — Toyota set up a new leadership team Jan. 26 in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”
• PMTC board names Munsterman as second vice-chairwoman    (2023-01-26)
  The Private Motor Truck Council of Canada (PMTC) board unanimously voted to name Angela Munsterman, specialist, transportation compliance with Coca-Cola Canada Bottling, as the new second vice-chairwoman of the board. “Angela has been a member of the PMTC board of directors for the last two years and has been a valuable contributor to our industry […]
• FreightWaves names David Bradford as chief content officer    (2023-01-26)
  FreightWaves has named David Bradford to the role of chief content officer. The post FreightWaves names David Bradford as chief content officer appeared first on FreightWaves.
• Daily Infographic: Mexico breaks record for cargo vehicle production, exports    (2023-01-26)
  Mexico breaks record for cargo vehicle production, exports The post Daily Infographic: Mexico breaks record for cargo vehicle production, exports appeared first on FreightWaves.
• Used truck sales picked up in December    (2023-01-26)
  ACT Research reported, however, that sales were down 30% from December 2021. Also: Mid-West Truck & Trailer Show set for next...
• Swimming against SPAC tide, Freightos goes public on Nasdaq     (2023-01-25)
  FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital. The post Swimming against SPAC tide, Freightos goes public on Nasdaq  appeared first on FreightWaves.
• Covenant misses expectations in noisy Q4    (2023-01-25)
  Covenant Logistics Group missed fourth-quarter expectations even when excluding expenses incurred onboarding equipment. The post Covenant misses expectations in noisy Q4 appeared first on FreightWaves.
• How will Maersk-MSC split redraw container shipping landscape?    (2023-01-25)
  Speculation is swirling on how the end of a global container shipping alliance will affect ocean carriers and cargo shippers. The post How will Maersk-MSC split redraw container shipping landscape? appeared first on FreightWaves.
• Nikola brands hydrogen, begins filling Anheuser-Busch fuel cell order    (2023-01-25)
  Nikola coined HYLA as the brand for its hydrogen business, and Biagi Brothers will make early fuel cell truck runs for Anheuser-Busch. The post Nikola brands hydrogen, begins filling Anheuser-Busch fuel cell order appeared first on FreightWaves.
• Norfolk Southern bracing for economic headwinds    (2023-01-25)
  Inflation and other macroeconomic headwinds figure into Norfolk Southern’s projections for 2023. Volume growth is also a big unknown, executives said during NS’ fourth-quarter 2022 earnings call Wednesday. The post Norfolk Southern bracing for economic headwinds appeared first on FreightWaves.
• Freightos debuta en bolsa en el Nasdaq mientras el mercado de SPAC se hunde     (2023-01-25)
  La plataforma digital de reservas de carga recauda 80 millones de dólares mediante una fusión The post Freightos debuta en bolsa en el Nasdaq mientras el mercado de SPAC se hunde  appeared first on FreightWaves.
• Tesla Profits Beat Estimates    (2023-01-25)
  Tesla Inc. reported better-than expected profits in the latest quarter, signaling strength as it faces growing questions about carbuyer demand for its all-electric vehicle lineup.
• Paccar Reports Strong Q4 Revenue, Income    (2023-01-25)
  Paccar Inc. beat market expectations for fourth-quarter earnings Jan. 24, aided by strong demand for its trucks from customers looking to replace older, outdated vehicles.
• Trucker Path survey finds carriers responsive to drivers’ home time needs    (2023-01-25)
  A survey of nearly 1,000 drivers found that carriers generally allow them to return home whenever they want, or not to return home at all. The post Trucker Path survey finds carriers responsive to drivers’ home time needs appeared first on FreightWaves.
• La encuesta Trucker Path revela que los transportadores responden a las necesidades de los conductores en cuanto a tiempo en casa     (2023-01-25)
  La gran mayoría de los encuestados afirma que los transportadores satisfacen las preferencias de los conductores en carretera y fuera de ella. The post La encuesta Trucker Path revela que los transportadores responden a las necesidades de los conductores en cuanto a tiempo en casa  appeared first on FreightWaves.
• Hapag-Lloyd acquires stake in Indian terminals, logistics provider    (2023-01-25)
  “Terminal and infrastructure investments are a crucial element of our strategic agenda and India is one of our key growth markets,” Hapag-Lloyd CEO Rolf Habben Jansen said. The post Hapag-Lloyd acquires stake in Indian terminals, logistics provider appeared first on FreightWaves.
• Used Class 8 Sales Up Sequentially in December    (2023-01-25)
  Used Class 8 vehicle sales in December declined 2.4% from a year ago, but increased slightly from the prior month, ACT Research reported.
• Atlas Van Lines reports shifts in migration patterns    (2023-01-25)
  Atlas Van Lines recorded increases in the share of inbound loads to Alberta and outbound loads from Quebec in 2022, reflecting trends in migration and shipments alike. While 62% of the movers’ Alberta shipments were inbound, 60% of Quebec loads were outbound, according to Atlas Van Lines’ Annual Migration Patterns Study. Both provinces recorded balanced […]
• Indianapolis-based 3PL FitzMark inks 7th acquisition    (2023-01-25)
  FitzMark announced Wednesday it has completed its seventh acquisition in the last four years. The post Indianapolis-based 3PL FitzMark inks 7th acquisition appeared first on FreightWaves.
• Bill Would Let Younger Drivers Move Freight at Ports    (2023-01-25)
  Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives.
• ¿Cómo redibujará la división Maersk-MSC el panorama del transporte marítimo de contenedores?     (2023-01-25)
  En profundidad: Lo que dicen los analistas sobre la desaparición de la alianza 2M The post ¿Cómo redibujará la división Maersk-MSC el panorama del transporte marítimo de contenedores?  appeared first on FreightWaves.
• PennDOT Contest Challenges Teens to Solve Truck Parking    (2023-01-25)
  Pennsylvania high school students are trying to crack the truck parking puzzle in the state department of transportation’s annual Innovations Challenge contest.
• Manchin Bill Would Delay Tax Credits for Electric Vehicles    (2023-01-25)
  WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.
• Used truck bubbles, alliance breakups and the impact of layoffs – WTT    (2023-01-25)
  Ondemand on WTT: 2M Alliance breakup; used truck bubble burst; scary robot yard dogs; how layoffs impact your team and more The post Used truck bubbles, alliance breakups and the impact of layoffs – WTT appeared first on FreightWaves.
• Marten Transport Reports 16th Consecutive Profitable Quarter    (2023-01-25)
  Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.
• Will consumers sacrifice everyday items for the rare splurge?    (2023-01-25)
  CPGs’ worst nightmare For certain CPG categories, I would argue that the worst thing that could happen isn’t a recession but consumers getting religion on healthy eating and avoiding the […] The post Will consumers sacrifice everyday items for the rare splurge? appeared first on FreightWaves.
• Lessons from the 1994 Puerto Rico oil spill    (2023-01-25)
  1994: Those involved in response to the 600,000-gallon spill reflect on their efforts. The post Lessons from the 1994 Puerto Rico oil spill appeared first on FreightWaves.
• Convoy introduces instant bid responses to carriers    (2023-01-25)
  By the end of the week, Convoy carriers will be able to receive instant bid feedback on 98% of company-sourced loads. The post Convoy introduces instant bid responses to carriers appeared first on FreightWaves.
• DHL Supply Chain widens promising electric truck pilot program    (2023-01-25)
  To address the ongoing climate crisis and slow global warming, governments, corporations and organizations across the globe have set their sights on a greener future. The post DHL Supply Chain widens promising electric truck pilot program appeared first on FreightWaves.