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Schneider pushes out freight recovery timetable, lowers guidance
Management from Schneider National lowered its outlook for 2023 when it reported first-quarter results on Thursday. The quarter came in better than expected but the truckload carrier said a more material freight recovery won’t likely occur until later in the year. Schneider (NYSE: SNDR) reported first-quarter adjusted earnings per share of 55 cents, 10 cents…
How SONAR foresaw the freight recession and what it’s seeing now – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to SONAR architect and FreightWaves Chief Technology Officer Daniel Pickett about how high-frequency freight data in FreightWaves SONAR foresaw the freight recession. We’ll learn about what SONAR is, how it was developed, why lagging data is killing carriers and what the market signals are saying…
From NFL to logistics, freight market at rock bottom and Daimler’s AV/EV bets – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to former NFL star Desmond Clark about his journey from Super Bowl to brokerage founder. The former Chicago Bear founded Bear Down Logistics just under a year ago. We’ll learn who’s a tougher opponent: Aaron Rodgers and the Packers or a bad freight market. Covenant’s…
GXO Direct launches in UK with plans for future European expansion
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UPS, Teamsters take break after SurePost agreement
UPS Inc. and the Teamsters union will resume national bargaining June 5 as both sides spend the week negotiating the final two supplemental agreements covering workers in Louisville, Kentucky, and Northern California. The hiatus comes as both sides reached a tentative agreement to reduce the size of UPS SurePost packages eligible for handoff to the…
Lawmakers introduce ‘clear path’ to more truck parking
WASHINGTON — The latest push to expand parking for truck drivers is a synchronized effort by lawmakers in both houses of Congress. The Truck Parking Safety Improvement Act, introduced in the House and Senate on Wednesday, authorizes $755 million over four years through a competitive grant program. The money would be dedicated to increasing and…