News
M&A Trucking Market Weathers 2023 Headwinds
The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.
Canadian Dockworkers May Be Reconsidering Rejected Offer
Dockworkers might be rethinking their position on a tentative deal after calling off a renewed strike this weekend at Canada’s west coast ports, according to Prime Minister Justin Trudeau.
Kodiak, Drivewyze adapt weigh station bypasses for autonomous trucks
Kodiak Robotics is piloting the Commercial Vehicle Safety Alliance (CVSA) enhanced inspections program, which allows autonomous trucks to bypass roadside inspections. The CVSA in September agreed in September to streamline…
Senate Dems pledge to stay out of UPS-Teamsters dispute
More than two dozen Senate Democrats have told UPS and the Teamsters union that they will not intervene in the event the Teamsters strike UPS on Aug. 1. In a letter sent late Wednesday to Teamster General President Sean…
Terminal Industries departs stealth mode with $17M for AI yard operations
Significant attention has been given to advancing warehouse management systems (WMS) in the FreightTech landscape, revolutionizing operations within physical buildings for enhanced transparency and optimization. However,…
5 things to know with the UPS-Teamsters clock ticking
Time is running short for a handshake agreement to avert a nationwide Teamsters union strike against UPS Inc. threatened for Aug. 1. Talks broke off July 5 and will resume next week. Shippers that haven’t made contingencies…
Daily Infographic: Grand Canyon National Park shuttle bus fleet replacement project
To view more FreightWaves infographics, click here The post Daily Infographic: Grand Canyon National Park shuttle bus fleet replacement project appeared first on FreightWaves.
American, United Airlines’ cargo revenue smacked down by weak market
American Airlines said Thursday second-quarter cargo revenue fell nearly 40% year over year, hours after United Airlines reported a 37% drop in sales from shipments carried in the lower hold of its passenger fleet. Cargo…
Consumer slowdown hitting CPG results, keeping freight volumes muted
Consumers are putting fewer items in their carts (Chart: Barchart.com Inc.) In the face of inflationary pressure the past two years, consumers have generally not cut back much on everyday purchases, and CPG companies have…
Pam Transportation sees earnings fall 60% in Q2
Pam Transportation Services reported late Wednesday a more than 60% year-over-year (y/y) reduction in operating income on revenue that was down just 13%. The Tontitown, Arkansas-based truckload carrier saw revenue in its TL…
