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The post Daily Infographic: 2/3 of freight tonnage and 3/4 of freight value in the US were moved by truck in 2021 appeared first on FreightWaves.
The post Daily Infographic: 2/3 of freight tonnage and 3/4 of freight value in the US were moved by truck in 2021 appeared first on FreightWaves.
CloudStrike and Microsoft have released troubleshooting solutions after a global tech outage disrupted business across several industries and grounded thousands of flights Friday morning. As far as freight is concerned, it appears the outage has caused issues mainly for airlines, as rail and maritime are not reporting notable outages. Outages affecting trucking freight have not…
XPO was “firing on all cylinders” during the fourth quarter. The better-than-expected report sent shares sharply higher on Wednesday. The less-than-truckload carrier reported fourth-quarter adjusted earnings per share of 77 cents, which was 15 cents better than the consensus estimate but 21 cents lower year over year (y/y). The adjusted number excluded transaction, litigation and…
The logistics industry is undergoing a digital transformation, shedding manual practices in favor of cutting-edge technologies like AI. This shift promises to eliminate wasted time and resources, leading the way to a new era of efficiency. In support of this mission, Ryder System Inc. (NYSE:R) said Tuesday it has launched Baton, a Ryder Technology Lab,…
ASL Aviation Holdings, a Dublin-based contract air transport provider for Amazon and other companies, has eliminated positions for 28 pilots. The move appears connected to the online retailer scaling back the number of flights it operates in Europe. The company confirmed that it released the pilots, who were provided by recruitment firm CAE Parc Aviation,…
Drop-and-hook services have become increasingly sought-after, meeting the evolving needs of shippers for flexible transportation solutions while also offering carriers enhanced efficiency and earning potential. Uber Freight’s drop-and-hook capacity solution, Powerloop, has seen explosive growth, with more than 10,000 carriers servicing more than 220,000 loads to date. In 2023 alone, the capacity program experienced a…
Pitney Bowes CEO Marc Lautenbach continues in his job despite the election of four director candidates proposed by Hestia Capital Management to its board. Shareholders voted at the Pitney Bowes Inc. annual meeting Tuesday to approve four of the board candidates proposed by the investment firm. However, longtime IT executive Lance Rosenzweig, Hestia’s choice to…