Better-than-expected quarterly results sent shares of less-than-truckload carrier Saia higher on Friday. The company’s efforts to add heavier-weight shipments is helping to offset soft freight demand. Saia (NASDAQ: SAIA) reported first-quarter earnings per share of $2.85, 17 cents better than the consensus estimate but 13 cents lower year over year (y/y). A higher tax rate…
“Disruption” has become a buzzword across the logistics world. The industry has undergone a technological revolution over the past five years, and it is not uncommon for new solutions – or even new companies – to be branded as “disruptive.” The term is often used as a synonym for “cutting edge,” but the two words…
Since the launch of ChatGPT last fall, people — from business leaders to everyday consumers — have taken note of artificial intelligence’s ability to change how organizations function and, ultimately, how the world works. Generative AI is capable of overhauling the day-to-day realities of the supply chain industry by automating human-intensive processes and creating a…
British Columbia is providing almost $1 million to help train 24 professional truck drivers in the north of the province. Go Team Professional Training is receiving more than $995,000 through […]
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. In this edition, from the April 1980 issue of American Shipper, FreightWaves revisits a firsthand…