The Latest
-
gorodenkoff via Getty Images
Companies have an unbalanced ‘buy vs. build’ approach to AI, report says
Instead, leaders will need to train current workers to avoid skills gaps and maximize the potential of AI, according to The Adecco Group.
-
Michelle Rock/Trucking Dive
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 -
Courtesy of Covenant Logistics
Covenant hires Waabi exec as COO
Dustin Koehl’s prior experience also includes senior roles at U.S. Xpress and Total Transportation of Mississippi.
-
Retrieved from FHWA.
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.
-
"P.A.M. Transport Truck in Indianapolis" by Luke Coyle is licensed under CC BY-SA 3.0
PAM Transport parent proposes reincorporating in Nevada
The plan also calls for doubling its common stock to 100 million.
-
Provided by Schneider National
Schneider revenue falls over $100M as weak freight market dampens Q1
The decrease led to a 75% year-over-year drop in operating income.
-
5m3photos via Getty Images
Trucking expects equipment pre-buy ahead of EPA emissions rules
Paccar and Ryder say stronger purchasing could begin in 2025.
-
Colin Campbell/Trucking Dive
‘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.
-
Courtesy of Old Dominion Freight Line
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.
-
Courtesy of ArcBest
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 -
Permission granted by Benita Taube
‘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.
-
Permission granted by Daseke
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.
-
Permission granted by Pilot
Pilot names new president of energy arm
Gary Hoogeveen previously spent a decade with another Berkshire Hathaway brand, Rocky Mountain Power.
-
Provided by TFI International
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.
-
Courtesy of Ryder System via Business Wire
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.
-
David Taube/Trucking Dive
Marten continues stance against lowering rates
The holdout comes as Q1 operating income for the carrier dropped 58% year over year.
-
Photo provided by Saia.
Saia CFO announces retirement
Douglas Col will stay on through the end of the year to ensure a smooth transition for his successor.
-
Courtesy of Wabash
Wabash customers delay pickups, hurting sales
The delayed pickups contributed to the OEM’s sales falling by 17% year over year in Q1.
-
Courtesy of Landstar System
‘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.
-
Permission granted by Penske Truck Leasing
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.
-
Caroline Colvin/Trucking Dive
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.
-
Provided by Union Pacific.
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.
-
Courtesy of Lew Thompson & Son Trucking
Covenant reports $8M expense related to acquisition
The Lew Thompson deal came with a contingent consideration expense based on the subsidiary's performance.
-
Courtesy of Old Dominion Freight Line via Business Wire
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.
-
Courtesy of Sheetz
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.
