The elephant in the room on the Norfolk Southern earnings call made only a brief appearance. But it will be returning in about two weeks. There were no surprises in the first-quarter earnings report, as the Class 1 railroad (NYSE: NSC) had issued a preliminary report earlier in the month. The final numbers, showing a…
Hawaiian Airlines has commenced operating a second Airbus A330-300 cargo jet for Amazon on a new route between New York’s JFK airport and the retail behemoth’s West Coast air logistics hub in San Bernardino, California, the company reported in quarterly earnings Tuesday. Under a transportation services agreement that kicked in last year, Amazon (NASDAQ: AMZN)…
FIRESIDE CHAT TOPIC: How owner-operators can position themselves for success DETAILS: Brielle Jaekel of FreightWaves and Adam Wingfield, founder of Innovative Logistics Group, discuss strategies for maximizing profitability. The North Carolina-based company serves small carriers. KEY QUOTES FROM WINGFIELD: “You have to know what profitability looks like to your independent business. Every business in the trucking…
This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday. FIRESIDE CHAT TOPIC: The Need for Commercial Vehicle Navigation DETAILS: Michael Kornhauser, sector vice president of transportation at Colorado-based technology company Trimble, advocates for commercial navigation as an essential tool to keep drivers safe, legal and efficient on the job. KEY…
Old Dominion Freight Line said it is seeing promising signs around demand but that it isn’t yet ready to call a cycle upturn. However, its operating ratio guidance for the second quarter was weaker than the historical trend, which may be the reason shares of less-than-truckload carriers sold off on Wednesday. Old Dominion (NASDAQ: ODFL)…