Daily Infographic: Daimler Truck recalling 64,064 units for possible steering loss

Hub Group reported first-quarter earnings per share of $1.88, 5 cents better than the analyst estimate of $1.83. But revenue for the quarter came in at $1.2 billion, versus the consensus estimate of $1.23 billion. “The market has shifted from this time last year, capacity is loose, customers are more fluid, rail services are improving,…

Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Truck driver salaries in Mexico averaged $4,400 in 2023; Phillips Industries opens a new plant in Mexico; Arcadia Cold Storage firm eyes Southwest distribution market; and Fr8Tech launches freight matching for LTL services in Mexico. Truck driver…

Bed Bath & Beyond, now in Chapter 11 bankruptcy, insists it was a victim of shipping line greed amid the supply chain crisis. It filed a high-profile complaint with the Federal Maritime Commission (FMC) on April 27 against Hong Kong-based shipping line OOCL, seeking at least $31.7 million in compensation. District court documents reveal Bed…

This week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…

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