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FreightWaves earned silver in two categories of the 2024 Regional Azbee Awards in the Southeast from the American Society of Business Publication Editors (ASBPE). Finance Editor Todd Maiden and former Editorial Director Rachel Premack’s coverage of the demise of less-than-truckload carrier Yellow Corp. received Regional Silver for Online Breaking News Coverage. Additionally, FreightWaves’ ELD: Five…
Covenant Logistics Group reported adjusted earnings per share of $1.07 for the fourth quarter Tuesday after the market closed, a 22% year-over-year (y/y) decline. Covenant’s total revenue in the quarter declined 7.4% y/y to $273.9 million, with the carrier citing weaker freight conditions in the truckload market despite strategic planning that yielded positive results, said…
This week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (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…
On Episode 689 of WHAT THE TRUCK?!?, Dooner is joined by Dad of Two Roadside to discuss the semi truck that almost went over the Clark Memorial Bridge last Friday. How much does it cost to recover a truck after an accident like that? We’ll find out. Plus, we’ll learn how towing works for drivers…
The Teamsters union said Wednesday that a strike authorization had been approved by members covered under ABF Freight’s national master freight agreement. The action is likely a negotiating tactic on the part of the union and a sign of potential next steps if talks between the two parties are unable to yield a new agreement….