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Forward Air provided January volume trends on Monday, its first update following a controversial merger with Omni Logistics. It appears the combined company may not include several executives from Omni. FreightWaves has learned some members of Omni’s senior leadership team separated from Forward shortly after Omni CEO JJ Schickel had “chosen not to continue as…
Two executives from LTL carrier Saia somehow found a way to spend 60 minutes on a quarterly conference call with analysts talking about how the likely demise of Yellow Corp. is going to affect their business without actually mentioning Yellow by name. CEO Fritz Holgren and CFO Douglas Col used terms like “the situation” and…
With travel stop operator Pilot Travel Centers now 80% owned by Berkshire Hathaway, the conglomerate’s first earnings report since Berkshire took its ownership up to that level is providing a more complete look at Pilot’s finances. Pilot had been privately owned but with a 38.6% interest held by Berkshire Hathaway, acquired in 2017. The sale…
A strike by 7,400 Canadian dockworkers against their West Coast ports employers has entered its fifth day as negotiations have stalled. The International Longshore & Warehouse Union Canada’s Longshore Division (ILWU Canada) went on strike Saturday after negotiations with the British Columbia Maritime Employers Association (BCMEA) failed to reach a new labor contract. The strike…
Welcome to the WHAT THE TRUCK?!? Newsletter. In this issue, load board fraud rises, freight recession, dangerous states for truckers and kids crawling under trains. Freight recession and the MSM Twitter Deterioration — Produce season is a bust, the ports continue to slump, and a new batch of earnings reports reveals just how dire the…