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Less-than-truckload carrier XPO is benefiting from an industrywide capacity shake-up. The company said it may ramp up planned terminal and equipment additions to meet the higher level of demand. On its second-quarter call with analysts Friday, the company said demand troughed in March, improved in April and May but ticked lower in June. However, by…
PS Logistics announced Wednesday that one of its subsidiaries acquired the flatbed fleet of ELS, which includes more than 90 tractors and over 240 over-length trailers. Kenly, North Carolina-based ELS is a 15-year-old carrier mostly hauling steel, lumber and building products. ELS will retain and continue to operate its heavy-haul and intermodal segments. The acquisition…
Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on warehouse news, tech developments and all things reefer madness-related. I’m your controller of the thermostat, Mary O’Connell. Thanks for having me! All thawed out (Photo: Jim Allen/FreightWaves) Cold chain tech provider Grip has moved into the fulfillment space. The…
Electric truck maker Nikola Corp. laid off 270 workers Friday as its cash to run the business shrinks. The moves came a day after convicted founder Trevor Milton took shots at company leadership on social media. The layoffs affected about 150 employees at multiple sites. They spent at least part time supporting the company’s manufacturing…
Air Canada expects the slow recovery in cargo volume that began in the fourth quarter to quicken in 2024, aided by the addition of two more freighter aircraft, but doesn’t anticipate gains in pricing power, Mark Galardo, executive vice president for network planning and revenue management, said Friday. The 2-year-old cargo airline within Air Canada…
California’s trucking industry is facing the reality that its battle to keep the state’s AB5 independent contractor law out of the trucking sector is likely at a dead end. Appeals are possible of the decision Friday in the U.S. District Court for the Southern District of California that emphatically rejected all the arguments by the…