It isn’t often on earnings calls in 2023 that there is a reference to a fax machine. But there was on the first analyst call that new C.H. Robinson CEO Dave Bozeman conducted Wednesday after the 3PL’s second-quarter earnings report that was in line or slightly below most forecasts. Referring to C.H. Robinson reputation for…
The Taylor Swift $100,000 driver bonus (Image: Craig Fuller via X, formerly Twitter) Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday. The article on Tuesday notes there are around 50…
Operating profit at Deutsche Lufthansa AG’s cargo subsidiary plummeted 92% during the second quarter as the ongoing freight recession eroded nearly half of revenues from the same 2022 period, the company reported Thursday. The company was downbeat about the cargo business in the second half of 2023, saying it expects a continued decrease in freight…
Asset-light transportation provider Forward Air missed second-quarter earnings expectations and its guidance for the third quarter was worse than expected. Management admitted on a Wednesday call with analysts it needs to take a more conservative approach to forecasting. “I do need to get better in forecasting in dynamic, challenging times like we’re in,” said Chairman,…
While hiring drivers is a continuous pain point for the trucking industry, keeping those drivers is arguably more important and even more difficult to accomplish. As carriers seek ways to reduce turnover, rewards programs have become a popular way to incentivize drivers to stay. Internal rewards programs are a common way for carriers to recognize…