Digital freight network Convoy Inc. was forced to shut its doors after no viable options to continue operations emerged, CEO Dan Lewis said in an Oct. 19 memo to employees.
Aspects of freight and transportation are prominent as some of the most-loved horror classics. We polled the FreightWaves’ staff to see what their favorites are.
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The cross-border trucking industry is recovering from a migrant surge and Texas inspections, trade officials said.
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On his first earnings call as Union Pacific’s CEO, Jim Vena said his goal for the railway is to “win and be the best in the industry.”
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“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.
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American Airlines Cargo had a disappointing, but expected, third quarter. Management says new aircraft and operational enhancements should help attract customers as the market improves.
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AUSTIN, Texas — The trucking industry is working to overcome employment obstacles amid a tightening labor market and soft economy, a panel of experts said.
On this episode of Taking The Hire Road, Jeremy Reymer, founder of DriverReach, is joined by a great industry friend and partner, Max Farrell, co-founder and CEO of WorkHound.
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Transfix has closed a $40 million Series F funding round during “one of the most challenging markets in freight history,” company officials said.
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Mullen Group posted an increase in earnings despite a decline in overall revenue during the third quarter, the company reported Oct. 19.
Prospective acquirers are looking at Convoy’s platform and engineering and product teams.
The post Breaking: Convoy discussing tech sale with 2 active bidders appeared first on FreightWaves.
AUSTIN, Texas — The Women In Motion advocacy group of American Trucking Associations is ramping up a new membership program and crafting a booklet focused on independent contractors.
Digital brokerage Convoy is closing, with no buyer coming in to rescue its operations.
The post It’s over: Convoy shutting operations, no strategic white knight to the rescue appeared first on FreightWaves.
In a fiery keynote address at the American Trucking Associations (ATA) Management Conference & Exhibition, the association’s president put industry foes on notice that trucking will continue to bring the …
Pam Transportation Services sees truckload fundamentals weaken further during the third quarter.
The post Pam Transportation feels brunt of downcycle in Q3 appeared first on FreightWaves.
Mega-forwarder Kuehne+Nagel is working with one of its top air logistics vendors to make airport cargo transfers faster.
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