A Cleveland-based startup has a solution to the trucker shortage: matchmaking. Software company Drive My Way lets drivers create profiles where they describe what they’re looking for in a working relationship.
Trucker Path bridges the gap between brokers and carriers, connecting over 1,000 brokers with over 1 million app users.
The post Where brokers and carriers can find common ground appeared first on FreightWaves.
Swarm, a satellite data service provider owned by SpaceX, has introduced a simple asset-tracking device that can function anywhere in the world using the company’s global satellite network.
TFI International grew revenue and profit in the third quarter, in the face of “broader macro uncertainty.” Profit increased 86% year over year to $245.2 million (all figures U.S.) in the third quarter, while revenue rose 7% to $2.24 billion ($1.86 billion net of fuel surcharge). Operating income soared to $318.4 million compared to $191.6 …
Allison Transmission Holdings Inc. reported higher third-quarter net income and revenue as five of six of its end markets climbed.
Bendix Commercial Vehicle Systems has begun to construct a 185,000-square-foot production facility at its operation in Acuna, Mexico. The plant will use automated manufacturing processes to produce two emerging, next-generation technologies — global scalable brake control (GSBC) and global scalable air treatment (GSAT). The facility, which joins three other manufacturing plants and a logistics center …
APM Terminals Mobile handled a company record number of 20-foot-equivalent containers in September, the port networks operator said Oct. 27.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
The post Shipping rates are no longer plunging. Is ‘new normal’ near? appeared first on FreightWaves.
Freight railroads and climate change
The post Daily Infographic: Freight railroads and climate change appeared first on FreightWaves.
A massive eight-day backup of barge traffic at Locks and Dam 26 on the Mississippi River in 1976 resulted in shipping losses estimated as high as $500,000 a day.
The post FreightWaves Classics: The 1976 crisis on the Mississippi River appeared first on FreightWaves.
The intersection of natural gas and diesel has likely never been more volatile than it is going into the coming winter.
The post Winter’s coming and that could have major impacts on already soaring diesel market appeared first on FreightWaves.
East Coast diesel prices are soaring at a rate far higher than the rest of the country.
The post East Coast retail diesel prices moving significantly higher than overall US hikes appeared first on FreightWaves.
Tesla CEO Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Oct. 27.
Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.
The post Lufthansa Cargo overcomes slower demand for big Q3 profit appeared first on FreightWaves.
Hub Group reported year-over-year increases in its intermodal, logistics and truck brokerage segments during the third quarter.
The post Hub Group records strong Q3 results, sees potentially ‘softening market’ appeared first on FreightWaves.
Amazon reported a third-quarter sales deceleration that it says will persist into the holidays.
The post Amazon’s shares punished as 3rd-quarter results come in light appeared first on FreightWaves.