In a tough freight market that showed few signs of rebounding in the second quarter, the earnings announcement and analyst call of 3PL RXO tried to focus on the things that were positive. The earnings call reflected a sentiment that has been heard on numerous discussions this quarter: There are signs of the freight market…
On Episode 743 of WHAT THE TRUCK?!?, Dooner is talking about August’s red-hot FreightTech M&A. This week, Korber acquired MercuryGate and Bestpass grabbed Drivewyze. What’s driving the deals, and what company will be scooped up next? Leonard’s Express is teaming up with Optimal Dynamics to enhance driver experience and asset utilization. We’ll find out from…
J.B. Hunt Transport Services said Wednesday it has surpassed an autonomous trucking milestone, completing more than 50,000 miles using Kodiak Robotics’ driverless trucks. The two companies teamed up with Bridgestone to move car tires between South Carolina and Dallas. J.B. Hunt (NASDAQ: JBHT) uses its own equipment to move the tires from a Bridgestone (JPX:…
Less-than-truckload transportation provider Roadrunner announced Wednesday it has expanded its Canadian cross-border service to include Vancouver, Calgary and Edmonton along with other locations in Canada. The long-haul, metro-to-metro specialist said the expanded service into western Canada will be served from Seattle. The Chicago-based company announced service into Toronto and Montreal via Detroit in January. The…
In a process that took just minutes, NFI CEO and founding family member Sidney Brown pleaded not guilty Wednesday to charges related to the broad indictment of South New Jersey political powerhouse leader George Norcross. Brown’s attorney was not able to attend the arraignment of Norcross and four other defendants in early July, so Brown’s…