A collapse in volumes, an overabundance of carriers in the market and rising operational costs have tested transportation providers’ endurance. All the while, companies continue to combat deep-rooted issues that plague the industry, especially the ongoing driver shortage. But it’s not all doom and gloom. If history and past trucking cycles tell us anything, the…
Owner-operators Toni and Chris Murphy of New Egypt, New Jersey, said it’s been hard to fight back against an invisible tech-savvy fraudster who stole their trucking company’s identity, posted loads using their Department of Transportation number, collected payment for those loads, then disappeared, leaving the Murphys to deal with the fallout. The couple own Murphy’s…
Engine maker and power systems provider Cummins Inc. reported record second-quarter revenue thanks to the full integration of Meritor Inc. But a key earnings measure fell because Meritor’s gross margin percentage trails its new parent. By the numbers, Cummins reported: Record second-quarter revenues of $8.6 billion with all five business segments reporting higher sales. Year-ago…
To learn more, click HERE The post Daily Infographic: The Competitive Advantage of Technology Tools in Construction appeared first on FreightWaves.
Freight rail stakeholders will be watching closely as Union Pacific’s incoming CEO Jim Vena takes over the company, especially given how labor and operational dynamics have changed over the last three years since the industry veteran was last at UP as chief operating officer and later strategic adviser. Vena, whose appointment came amid hedge fund…