ArcBest continued to execute a freight swap during February, replacing transactional shipments with more freight from key accounts. The actions led to another decline in tonnage, which was mostly offset by higher yields that are supportive of margins, a Friday filing with the Securities and Exchange Commission showed. The company’s asset-based unit, which includes less-than-truckload…
Jobs in the truck transportation sector mostly treaded water in February while warehouse jobs continued their long slide, according to the monthly report from the Bureau of Labor Statistics. In the truck transportation sector, the loss of 300 jobs was the smallest one-month change up or down since August 2022, when an increase of 300…
The first fatal Houthi attack on a commercial vessel happened earlier this week, claiming three lives. The attacks in the Red Sea have created diversion around the Cape of Good Hope across all of the major container shipping companies, as they opt for the safety of crews and cargo at the expense of shorter transit…
Trucking, logistics and truck stop chains are collectively owed millions of dollars after a Virginia-based logistics firm recently shuttered operations and filed for bankruptcy liquidation. TBL Logistics, headquartered in Appomattox, Virginia, filed its petition on Feb. 29 in the U.S. Bankruptcy Court for the Western District of Virginia. In its filing, TBL Logistics listed its…
This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday. FIRESIDE CHAT TOPIC: Future of Freight Brokerage Software DETAILS: Walter Mitchell, CEO of Tai Software talks about recent developments and innovations impacting freight broker software. He dives into how automation and AI are changing operations and workflows while removing needless manual tasks. KEY QUOTES…