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The post FBX Report: July 02, 2024 appeared first on FreightWaves.
The post FBX Report: July 02, 2024 appeared first on FreightWaves.
Every year the Commercial Vehicle Safety Alliance conducts International Roadcheck. This year, it’s scheduled for May 14-16 across Canada and Mexico as well as the U.S. The program typically has one main focus each year in addition to making sure vehicles are roadworthy. But this year, the CVSA has chosen two focus areas, in addition…
Nikola Corp. became the latest transportation startup to get a delisting warning from the Nasdaq because its share price has lingered below $1 for 30 consecutive days. The electric truck maker and hydrogen developer has at least 180 days to get its share price up or be forced to trade over the counter (OTC) as…
The annual contract season is down to the final stretch in the trans-Pacific shipping market. U.S. import costs, liner profitability and service reliability all hinge on where contract prices settle in the next few weeks. The plot twist this year is that the prior round of annual contracts were signed at historically high levels and…
If you received an email from an attorney or government agency requesting your driver compliance and operational records, would you be able to provide them in a timely manner? Perhaps just as important, how confident would you be in the compliance and accuracy of those documents? If you’re unsure, you’re not alone. Last year’s Federal…
C.H. Robinson reported third-quarter earnings on Wednesday. Here are some highlights. C.H. Robinson (NASDAQ: CHRW) management has been touting sequential improvements at the 3PL, because year-on-year comparisons remain weak. Wall Street has responded, with the stock price up more than 22% in the past three months. But the third quarter started to show some better…
Forward Air missed fourth-quarter expectations Wednesday after the market closed, however, investors and analysts are likely more interested to hear updates on financial targets and the new management structure following the closing of a messy merger with Omni Logistics. Forward (NASDAQ: FWRD) finally closed on the acquisition of Omni Logistics last month after it attempted…