Transportation and logistics provider ArcBest beat fourth-quarter expectations on Tuesday. ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $2.47, 26 cents ahead of the consensus estimate and 5 cents higher year over year (y/y). The number excluded a few one-offs like costs from a freight handling pilot, acquisition-related items and settlement expenses from a…
FreightWaves and e2open are pleased to announce a strategic partnership for mutual customers — a collaboration that will integrate FreightWaves’ industry-leading TRAC spot rate and contract rate data directly into e2open’s Transportation Management System (TMS). With FreightWaves SONAR data integrated and available within the transportation planning features of e2open’s TMS, shippers will be able to…
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MEMPHIS, Tenn. — The chair of the pilots’ union at Air Transport International, the largest air carrier in Amazon’s delivery network, accused ATI management in an interview of dragging its feet on a new contract for hundreds of pilots until the existing transportation services agreement with the mega-retailer can be renewed in two years. Amazon’s…
After months of almost steady decline, diesel prices are showing signs of having hit a bottom, at least relative to crude prices. The weekly average retail diesel price published by the Department of Energy/Energy Information Administration, used as the basis for most fuel surcharges, rose Monday by 3.2 cents a gallon to $3.899. It marked…