Schneider National slightly missed first-quarter expectations and cut its full-year earnings outlook by nearly 25%. It noted some improving trends on a Thursday call with analysts but concluded it’s “not calling an inflection in the market.” The most surprising takeaway from the call was the disclosure that truckload contract price renewals were positive for the…
While flatbed data was previously available via API for SONAR subscribers, the update makes this data accessible directly within the user interface of its Market Dashboard+ application. By having the data within the SONAR UI, users have access to flatbed spot rate data at their fingertips. The update also enables users to view flatbed data…
A “dedicated fulfillment site takeover” is a strategic business initiative in which a 3PL assumes control and management of a specific retailer’s distribution site(s). The 3PL can take over the entire fulfillment process or some of it – including labor management, order processing, inventory management, packing and shipping, within their designated facility. Brands sought out…
One of the first things to understand about rail intermodal is that some lanes are more competitive with the highway than others. In dense lanes with very long lengths of haul, like Los Angeles to Chicago, a trip that exceeds 2,000 miles, it’s easy for rail intermodal to undercut truckload on price. In that lane,…
Cummins Inc. recorded a massive one-time gain from the split-off of its filtration business. But first-quarter revenue dropped as weakening business conditions impacted the engine maker and power distribution giant. The Tier 1 supplier of truck engines and power systems for data centers and other businesses reported Q1 revenue of $8.4 billion. That was down…