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The post Daily Infographic: What are the most common reasons freight is rejected? appeared first on FreightWaves.
Amazon.com Inc. (NASDAQ: AMZN) on Thursday posted second-quarter earnings per diluted share of 65 cents, blowing past estimates of 35 cents per share and more than tripling the second-quarter 2022 results. Revenue year on year rose 11% to $134.4 billion. Operating income jumped to $7.7 billion from $4.4 billion. Net income was $6.7 billion, compared…
Logistics is a relationship-based business. It is no surprise then that players across the industry pour into partnerships and place a premium on service. For carriers, this means living up to service agreements and delivering on key performance metrics. For shippers, it often means taking steps to become a “shipper of choice.” For brokers, excellence…
Having laid off more than half its U.S. workforce and turned its attention to China, autonomous truck software pioneer TuSimple is taking steps to exit the U.S. market it once led. The move follows months of turmoil in the boardroom that stained its reputation. It includes exploring a sale of its U.S. operations. A TuSimple…
Entering the third quarter of 2023, the freight market is at a crossroads, teetering between tumult and a potential step toward balance. The first half of the year, best characterized by a capacity glut that pushed truckload spot rates underwater, has shown signs of bottoming. Now, the turmoil at major carriers is beginning to make…
A Canadian trucking company has been ordered to cease operations after one of its drivers hit a highway overpass in the province of British Columbia on Thursday, causing infrastructure damage and delaying traffic for hours in the region. The British Columbia Ministry of Transportation said it’s the sixth crash involving Chohan Freight Forwarders and an…
Miami-based startup Global Crossing Airlines will temporarily cap growth in its new freighter fleet so it can focus limited resources on the more lucrative passenger charter business, a process that began Monday with the removal of founder Edward Wegel as CEO and chairman. Global Crossing (GlobalX) began freighter operations last summer and now has three…