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The post FreightWaves Infographics: Tesla Q2 profits plunge over 40% due to growing EV competition appeared first on FreightWaves.
There are several types of fraud plaguing the transportation industry. Double brokering is on the rise, costing the industry over $100 million on an annual basis. Freight bill fraud — which is when freight is delivered but the payment is stolen — is also growing. Perhaps most alarming, however, is the increase in instances where…
In today’s fast-paced e-commerce environment, more than ever before, distribution center operations require agility and accuracy. Ever increasing demand for faster delivery speeds and more robust product variety puts pressure on both companies and their employees. Fortunately, new and emerging technologies, including AI-powered solutions, can provide powerful options for optimizing distribution center and warehouse operations, even as…
Continued pressure on ArcBest’s truckload brokerage operations diluted the improvement seen at its less-than-truckload unit during the second quarter, leading to an earnings miss versus analysts’ expectations. ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $1.98 for the second quarter. The result was 8 cents below the consensus estimate but 44 cents higher year…
Cargo airline Atlas Air on Thursday announced that Chief Commercial Officer Michael Steen will take over as CEO on June 15, replacing John Dietrich in line with the company’s succession plan, and that CFO Spencer Schwartz will retire the same day. A new chief commercial officer will be named after Steen, 56, is officially appointed…
The Class I railroads are still far under the employment levels needed to provide exceptional rail service, let alone grow network capacity, an attorney representing seven freight rail unions argued in a Monday filing to the Surface Transportation Board. Although the railroads say employment levels have grown since last year, head count levels are well…
By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Just coming from the Venture53 Field Day and the FreightWaves Future of Supply Chain event, both in Atlanta, as well as project44’s Velocity in Chicago this week, I realize there…