The Federal Motor Carrier Safety Administration has kicked four ELDs off the agency’s registry due to the companies’ failure to meet the minimum requirements. The agency announced Tuesday that ELDs from CTE-LOG ELD, ELD VOLT, Powertrucks ELD and TFM ELD were placed on the revoked devices list. Motor carriers should stop using those devices. Motor…
Truckload carrier Pam Transportation Services reported a net loss for the 2024 second quarter but noted some seasonal improvement as the period progressed. Pam (NASDAQ: PTSI) reported a net loss of 13 cents per share, which was worse than a lone analyst estimate of 8 cents and well below earnings per share of 42 cents…
This story originally appeared on Trains.com. WASHINGTON — U.S. rail traffic was again ahead of 2023 levels for the week ending July 20, 2024, with overall volume up 1.4% compared to the same week last year, according to statistics from the Association of American Railroads. Railroads handled 480,083 carloads and intermodal units. That included 214,348…
Freight fraud has become an all-too-familiar term in the transportation and logistics sectors in recent years. Although fraud has long been a challenge in the field, industry experts observe that these criminals have evolved alongside FreightTech, leaving supply chain participants uncertain about who will bear the burden of finding solutions. Recently, FreightWaves has received numerous…
Knight-Swift Transportation believes the worst of the freight cycle has passed. It is seeing some benefit from its decision to trim the truckload fleet as asset utilization is improving. It said it will continue to allocate capital to the expansion of its less-than-truckload business through both organic growth and acquisitions. “We don’t want to be…