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Covenant hires Waabi exec as COO
Dustin Koehl’s prior experience also includes senior roles at U.S. Xpress and Total Transportation of Mississippi.
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DOT asks for feedback on AI risks, opportunities
The government said the deployment of AI tools and applications will impact virtually all aspects of transportation.
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PAM Transport parent proposes reincorporating in Nevada
The plan also calls for doubling its common stock to 100 million.
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Schneider revenue falls over $100M as weak freight market dampens Q1
The decrease led to a 75% year-over-year drop in operating income.
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Trucking expects equipment pre-buy ahead of EPA emissions rules
Paccar and Ryder say stronger purchasing could begin in 2025.
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‘Firing on all cylinders’: XPO’s LTL operating income soars by 50% in Q1
The carrier reported 9.8% growth in yield excluding fuel and an increase in revenue per shipment in a still-soft freight environment.
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LTL carriers report shippers shifting freight to truckload
Old Dominion and Saia executives noted some customers are consolidating shipments to take advantage of low TL rates.
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ArcBest lowers M&A vote threshold
A proposal to remove a supermajority requirement for any future acquisition was approved during an April 16 stockholder meeting.
Updated May 2, 2024 -
‘Pain afoot’: Werner focuses on long-term strategy despite dedicated fleet losses
Regardless of challenges, the carrier grew average revenue per truck in the segment in Q1.
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TFI cuts Daseke head office salaries by $12M
The Canada-based freight giant is lowering costs by 75% at the corporate headquarters of the acquired business.
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Pilot names new president of energy arm
Gary Hoogeveen previously spent a decade with another Berkshire Hathaway brand, Rocky Mountain Power.
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TFI subsidiaries settle EEOC discrimination suit for $460,000
TA Dedicated and Transportation Enterprise Services subjected gay mechanics to harassment and termination, and retaliated following complaints, the EEOC said.
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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.