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The post Daily Infographic: Troops to Truckers appeared first on FreightWaves.
The post Daily Infographic: Troops to Truckers appeared first on FreightWaves.
Americans value commercial truck drivers and the service they offer. However, they don’t want drivers parking their rigs anywhere near their homes. That was a key finding in a 2023 survey of truck parking issues published Tuesday by CloudTrucks, an IT-based provider that supports the commercial truck driving sector. About 56% of the 1,000 American…
Digital freight platform Convoy has announced another round of layoffs. The company, based in Seattle, told GeekWire on Monday the cuts were to the customer-experience operations team. Convoy did not state how many jobs were affected. In February, Convoy went through a restructuring, leading to an undisclosed number of employees being laid off. With the…
No matter what is happening in the freight market, shippers value predictability, efficiency and on-time delivery. They are driven by these values to ensure their routing guides are iron-clad, as failures lead to unexpected delays and expenses. Some types of freight, however, are more likely to fall through the cracks than others. A low-volume contract…
Less-than-truckload carrier XPO beat first-quarter expectations Thursday and provided commentary that sent shares higher. XPO (NYSE: XPO) reported adjusted earnings per share of 56 cents, which was 10 cents higher than the consensus estimate and the first quarter of 2022. The result excluded transaction costs from the spinoff of its brokerage unit RXO (NYSE: RXO)…
As Monday broke over Wall Street, 60 top FedEx Corp. executives stood at the podium of the New York Stock Exchange to ring the opening bell for trading. Cities across the globe from Kuala Lumpur, Malaysia, to the company’s home in Memphis, Tennessee, were lighting landmarks, and airports were hued in its orange and purple…
The unions representing locomotive mechanics and railroad electricians want the Senate to take action to help move the rail safety bill toward a vote. “With its comprehensive approach, the Railway Safety Act focuses on vital safety measures, as it creates a significant step toward safeguarding railway employees and the public,” said a Wednesday letter addressed…