Freight

About 15 months ago, on the company's second-quarter 2020 earning call, Ryder System CEO Robert Sanchez gave some stark numbers about the collapse of the used truck market in the first months of the pandemic. As a result of the downturn in the market, Ryder (NYSE: R) was looking at inventories for...

Shopify reported higher revenue in Q3 but the results failed to impress investors, falling short of expectations and the company's stock took a hit in premarket trading Thursday. The e-commerce platform reported revenues of $1.12 billion for the quarter ending Sept. 30 — 46% year-over-year — and...

Old Dominion Freight Line will see a bit of a cost catch-up over the next couple of quarters given the record growth it continues to experience. The company will continue to expand its network of terminals and add the drivers and workers needed to service them as it looks to grow its share of the...

Cloud-based e-commerce platform Logicbroker on Tuesday secured a massive $135 million funding raise led by K1 Investment Management. The Connecticut-based company plans to expand its full-function drop ship and marketplace services, which it offers to suppliers, retailers, brands, and 3PLs alike....

Consumers are making their holiday shopping lists, emails about Black Friday deals have started arriving in inboxes, and peak season is just around the corner. During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions.  "...

Ryder System made two announcements Wednesday morning, one expected and the other some news. In addition to announcing record third-quarter earnings, Ryder (NYSE: R) said it was acquiring Midwest Warehouse & Distribution System.  According to the company's prepared statement on the...

Experts often say greenhouse gas emissions are "hard to abate" in the transportation, freight and supply chain industries. The sector's heavy reliance on fossil fuels means that substantial investments in infrastructure and technology are necessary to get to net-zero emissions. Issues that make...

Logistics industry professionals say retailers and other cargo owners will ultimately bear the cost of drastic new fees announced Monday by the ports of Los Angeles and Long Beach in response to mounting congestion disrupting the entire U.S. economy.  The fees ostensibly penalize ocean carriers...

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Resilient Power has announced a $5 million seed round of investment as it looks to build an alternative power option for electric vehicle charging infrastructure. The round, led by Energy Transition Ventures, with investment from Amazon's Climate Pledge Fund and GS Futures, the corporate venture...

While some industries are struggling to stay afloat during the COVID-19 pandemic, changing shopping habits and the surge in demand for goods have generated new opportunities in others. Chicago resident Mohammad Banibaker saw the pandemic as a chance to jump into the trucking and logistics...

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The logistics industry is rife with opportunities for innovation. Technology is advancing at breakneck speeds, and the previously slow-to-adopt industry is sprinting to catch up. Companies on the cutting edge are working to make transportation more efficient, sustainable and transparent, all...

As California rideshare companies face electric-vehicle mandates in the coming years, a question of how drivers for the services would be able to afford those vehicles has persisted. While helping on the vehicle purchase price remains uncertain, Uber (NYSE: UBER) has taken the first step to provide...

Freight broker Echo Global Logistics rides a hot transportation market one last time, publicly at least, to beat third-quarter estimates on Tuesday. The company reported adjusted earnings of 93 cents per share, 20 cents ahead of consensus, and more than double the year-ago result of 40 cents. Echo...