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Convoy cancels all shipments, load board is empty, announcement upcoming

Author: John Kingston - Published 2023-10-18 13:05 - (136 Reads)

Digital brokerage Convoy has canceled all shipments and shut its load board, with an announcement of its future upcoming.
The post Convoy cancels all shipments, load board is empty, announcement upcoming appeared first on FreightWaves.

12% new-truck tax panned at highway funding hearing

Author: John Gallagher - Published 2023-10-18 13:04 - (140 Reads)

U.S. Rep. Doug LaMalfa, R-Calif., argues that a long-standing tax on new trucks is an inefficient way to sustain the ailing Highway Trust Fund.
The post 12% new-truck tax panned at highway funding hearing appeared first on FreightWaves.

The slow climb of multistory warehouses

Author: Mark Solomon - Published 2023-10-18 13:04 - (126 Reads)

Five years after the first multistory warehouse was delivered, questions still remain about the model’s viability in the U.S.
The post The slow climb of multistory warehouses appeared first on FreightWaves.

September Cass data shows freight cycle ‘starting to flatten out’

Author: Todd Maiden - Published 2023-10-18 13:03 - (144 Reads)

Cass' shipment data was up sequentially for a second straight month in September and the truckload linehaul index was positive for the first time in more than a year.
The post September Cass data shows freight cycle ‘starting to flatten out’ appeared first on FreightWaves.

CN to split chief operating officer role into 2

Author: Joanna Marsh - Published 2023-10-18 12:54 - (136 Reads)

Patrick Whitehead and Derek Taylor will lead different aspects of CN’s operations as the Canadian railway seeks to make its operations more “innovative” and “modern.”
The post CN to split chief operating officer role into 2 appeared first on FreightWaves.

Flock Freight CRO Orlando Baeza departs after 8-month tenure

Author: Clarissa Hawes - Published 2023-10-18 12:12 - (130 Reads)

FreightTech company Flock Freight’s chief revenue officer has departed after eight months. The company also is cutting positions on its social and creative teams.
The post Flock Freight CRO Orlando Baeza departs after 8-month tenure appeared first on FreightWaves.

Parcel pickup lockers help streamline final mile for couriers

Author: Krystyna Shchedrina - Published 2023-10-18 11:47 - (145 Reads)

The concept of centralized parcel pickup lockers is growing as couriers across the industry use this method to improve final-mile deliveries, save costs and improve customers’ shopping experience. There are …

Costs of fuel fraud continue to climb

Author: James Menzies - Published 2023-10-18 10:28 - (146 Reads)

Fuel fraud is on the rise and trucking companies are struggling to stay ahead of the growing problem. Hemant Banavar, vice-president of financial products with Motive, addressed the issue at …

2023 Shipper of Choice profile: Univar Solutions

Author: FreightWaves Staff - Published 2023-10-18 09:00 - (174 Reads)

Chemical distributor benefits from close relationships with its carrier partners.
The post 2023 Shipper of Choice profile: Univar Solutions appeared first on FreightWaves.

Volvo Trucks expands Canadian EV dealer network

Author: James Menzies - Published 2023-10-18 08:07 - (131 Reads)

Mid-Ontario Truck Centre in Maple, Ont., and Gerry’s Truck Centre in London, Ont., are the latest to become Volvo Trucks Certified Electric Vehicle (EV) Dealerships. The facilities have completed their …

Chinese manufacturer investing $5B to expand production in Mexico 

Author: Noi Mahoney - Published 2023-10-18 07:00 - (130 Reads)

Lingong Machinery Group is investing $5 billion to build a plant and industrial park in northern Mexico
The post Chinese manufacturer investing $5B to expand production in Mexico  appeared first on FreightWaves.

Activist investor looks to unseat Forward Air board, CEO

Author: Todd Maiden - Published 2023-10-17 20:16 - (141 Reads)

Activist investor Ancora said it will move to remove Forward Air’s board and CEO if a Tennessee court rules a shareholder vote on the Omi merger is warranted.
The post Activist investor looks to unseat Forward Air board, CEO appeared first on FreightWaves.

Year-on-year gain in J.B. Hunt intermodal volumes highlight of overall weak quarter

Author: John Kingston - Published 2023-10-17 19:56 - (107 Reads)

J.B. Hunt’s overall financial performance in the third quarter was weak, but slight strengthening in intermodal volumes was celebrated.
The post Year-on-year gain in J.B. Hunt intermodal volumes highlight of overall weak quarter appeared first on FreightWaves.