Old Dominion Freight Line’s tonnage metrics have turned positive for the first time in nearly two years. The less-than-truckload carrier’s second-quarter update shows improvement from the first quarter but a slight deceleration in growth rates from April to May. The company announced Wednesday that revenue per day was 5.6% higher year over year (y/y) in…
Institutional investor Seth Holm said he’s upbeat on transportation stocks long term but noted the sector is in a “perfect negative storm,” with volumes under pressure, a collapse in pricing and roughly 50% inflation across most cost buckets. His comments were part of a fireside chat with Craig Fuller, FreightWaves founder and CEO, at Future…
In May, the American Trucking Associations’ board of directors unanimously voted to extend the contract of current ATA President and CEO Chris Spear through 2029. The ATA, in a news release, cited Spear’s efficacy in advancing the legislative agenda of its membership as the reason behind his tenure extension. But looking at public statements from…
ATLANTA — Flexport CEO Ryan Petersen predicts that freight logistics will see a lot more AI usage, from ocean freight contract writing to other parts of the supply chain that currently involve manual input. “In five years we will be talking about what AI has done, which is take stuff we thought wasn’t going to…
FreightWaves, in partnership with TriumphPay, announced the recipients of the prestigious 2024 Shipper of Choice awards during Future of Supply Chain in Atlanta on Wednesday. This award series pays tribute to 25 exceptional manufacturers, distributors and retailers who have consistently demonstrated unwavering commitment to fostering robust, collaborative partnerships with their logistics counterparts. The winners, nominated…