TravelCenters of America (NASDAQ: TA) lost money in the first quarter of the year but still showed signs of improvement by many measures as it continues to go through restructuring. The net loss of $5.7 million was less than the…
The weekly average retail price published by the Department of Energy’s Energy Information Administration rose Monday, the first time it has posted an increase in six weeks. The latest price is $3.142/gallon, up 1.8 cents from last week. Last week’s…
The powerful surge in demand and pricing now coursing through transport modes will last through the rest of 2021, continue through all of 2022 and could extend well into 2023, Deutsche Bank analyst Amit Mehrotra said in a note published…
Trucking and logistics companies are owed thousands after a Texas trucking company, which specializes in oilfield waste disposal and chemical clean up services, filed for Chapter 11 bankruptcy protection last week. Gainco Inc., headquartered in Portland, Texas, filed its petition…
XPO Logistics Inc. (NYSE:XPO) posted late Monday the highest quarterly revenue in its history at $4.77 billion. It also posted first-quarter records for net income at $115 million, more than quintupling first-quarter 2020 results, and for adjusted earnings before interest,…
Rivals CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) are vying to win the public’s favor for which Canadian railway is better suited to merge with Kansas City Southern (NYSE: KSU). CP and Kansas City Southern (KCS) announced their agreement…
This episode is brought to you by Legend Transportation, which has been establishing partnerships through outstanding customer service since 2007. Learn more at newlegendinc.com On today’s episode, Dooner and The Dude are talking about the return of in-person events. Find…
A statement by Secretary of Labor Marty Walsh last week about the question of gig workers versus full-time employees sent the stock prices of several companies heavily reliant on independent contractors plummeting. But beyond that immediate reaction, the statement and…
Ware2Go, the UPS (NYSE: UPS) company that focuses on enabling merchants of all sizes to achieve one- to two-day shipping, announced a carbon emissions offset program for all customers shipping small parcel, less-than-truckload, truckload and air shipments within its network.…
In March, former WeWork CFO Christian Lee joined the team at Transfix, a logistics technology suite with tools for shippers and carriers to help manage their transportation needs. FreightWaves interviewed Lee about what attracted him to the logistics industry and…
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