On March 13, Pennsylvania Gov. Tom Wolf announced that the state would phase out its motor fuels tax, making it the first state to propose eliminating the historic levy that has been the primary source of transportation funding. Wolf, a…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight the Oshkosh-Workhorse squabble over a Postal Service contract, as well as hopes for federal funding for truck charging stations and more.…
Danny Catullo is a third-generation butcher in Cleveland who started selling his beef, poultry and pork online back in 2017. After facing issues with high shipping prices and limited options, he got to work with FedEx. They developed a specialized…
On this episode of Midday Market Update, Kaylee Nix and Michael Vincent get a close look at the intricacies of moving freight across borders. They are joined by FreightWaves’ Zach Strickland for a market update and Anthony Smith for a…
During a quarter when, again, virtually everything went right, Amazon.com Inc. (NASDAQ:AMZN) CFO Brian Olsavsky, pressed by an analyst on what part of its business needs improvement, was able to find a fly in the ointment. Amazon’s one-day shipping service…
Trans-Pacific container rates from Asia to the U.S. that have doubled from a year ago to approximately $5,000 per box demonstrate an urgent need to pass President Joe Biden’s infrastructure package, according to a top West Coast port official. Testifying…
Forward Air (NASDAQ: FWRD) reported net income from continuing operations of 60 cents per share Thursday after the market close, 3 cents ahead of the consensus estimate and 19 cents better than the first quarter of 2020. Continuing operations exclude…
WEX Inc. (NYSE: WEX) reported a 5% year-over-year decline in revenue to $410.8 million during the company’s first-quarter earnings call Thursday. The company also posted earnings of $1.79 per share, a 1.1% decline compared to earnings of $1.81 per share…
Truckload carrier USA Truck (NASDAQ: USAK), whose stock over the past 12 months has soared more than 200%, turned in a solid performance for the first quarter. Net income at the company on a GAAP basis was a 70-cents-per-share reversal,…
This is an excerpt from the April 29, 2021 edition of Medically Necessary, a health care supply chain newsletter. Subscribe here. The trend: The use of telehealth skyrocketed during the coronavirus pandemic, and virtual treatment remains common one year into the…
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