Asset-light trucking company Forward Air announced Tuesday that tonnage was down 8% year over year (y/y) for the first two months of the second quarter. Forward (NASDAQ: FWRD) noted the severity of the y/y declines has eased as the second quarter has progressed. Tonnage in its expedited segment, which includes less-than-truckload, truckload and final mile,…
NEW YORK — RXO’s chief strategy officer conceded to a conference here that he didn’t have much fresh to say in terms of the company’s market or overall outlook, but given the relative strength of the 3PL’s first-quarter performance, no news remains relatively bullish news. At the UBS Global Industrial and Transportation Conference, a two-day…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. Today is June 6, the fictional anniversary of the convoy in the beloved C.W. McCall song, rolled out as a protest on important issues in trucking. “Convoy,” published in 1976, tells the story of truckers driving cross-country to…
Yellow Corp. is looking to push through operational changes in short order via a letter of agreement with the Teamsters, according to a letter obtained by FreightWaves from a union official to locals. The company is now looking to further expand changes to work rules as well as the usage of purchased transportation. It did…
The selection of David Bozeman as the new CEO of C.H. Robinson Worldwide Inc. came as a surprise to most people. It may have come as a surprise to some on the company’s 11-person board as well. Typically, a news release announcing such a move will specify if the board’s decision was unanimous. That didn’t…