By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. A few months back, I wrote an article on the need for more adoption and global harmonization of data standards in logistics. The current landscape of supply chain applications is…
Supply chain software provider Descartes reported record quarterly results for its fiscal quarter ended July 31. The Canada-based company noted weak truck volumes and revenue pressure on parcel carriers as headwinds, which were offset by higher ocean import volumes. Descartes (NASDAQ: DSGX) reported earnings per share of 40 cents in the period, 8 cents higher…
A pair of less-than-truckload carriers reported weaker volumes in August but said they continue to see favorable yield results. XPO (NYSE: XPO) saw volumes slide during a “soft” August but reiterated its margin guidance, which is predicated on favorable yield trends. The carrier reported a 4.6% year-over-year decline in tonnage during August, the combination of…
California’s small business sector, with allies in local governments, is gearing up against a sweeping change in the state’s regulation of warehouse siting and expansion, including mandated creation of acceptable trucking routes. AB98 now sits on the desk of Gov. Gavin Newsom, who has until Sept. 30 to sign or veto the bill. A Newsom…
A Delaware bankruptcy court ruled Wednesday that Teamsters union General President Sean O’Brien could be deposed regarding the events leading up to Yellow Corp.’s shutdown a year ago. Counsel for Yellow successfully argued that O’Brien has firsthand knowledge and that his testimony could be vital in deciding if the company should be on the hook…