The German shipping line Hapag-Lloyd is not one to bandy about words like “whopping” or “skyrocketed” or “best ever” when describing bottom-line financial results. But the bottom line is Hapag-Lloyd’s first-quarter 2021 earnings before interest and taxes of $1.5 billion…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight Prologis’ plan for creating a certification program for logistics workers, rising air cargo rates and more. The High Five 1. Prologis…
Part 1 of a two-part investigation into an alleged double-brokering scheme from Southern California Frustrated with brokers and carriers being looted by a sophisticated network of load-board scammers posing as legitimate companies, Joe Howard created a spreadsheet to track a…
Titanium Transportation Group (TSX-V:TTR) reported record revenue in the first quarter on Tuesday as the Canadian firm’s U.S. brokerage business and newly expanded cross-border trucking fleet delivered growth on two fronts. The Ontario-based company brought in CA$85.7 million ($70.8 million)…
Transportation and logistics provider Werner Enterprises (NASDAQ: WERN) announced Tuesday after the market close that its board has approved a planned transition in leadership. The company’s founder and former chairman, Clarence L. “CL” Werner, has been named chairman emeritus “in…
The American Trucking Associations (ATA) and the Teamsters union agree that truck driver fatigue is an issue, but the two organizations disagree on how to solve the problem. Testifying on Tuesday at a Senate Commerce committee hearing on freight transportation…
XPO Logistics Inc. (NYSE:XPO) shareholders on Tuesday voted down the company’s nonbinding proposal that would have granted $80 million in long-term compensation for Chairman and CEO Brad Jacobs, an amount that critics, notably organized labor, said was excessive. XPO is…
ORBCOMM, a provider of electronic logging devices and IoT technologies, announced Tuesday it has inked a deal with refrigerated truckload carrier Marten Transport (NASDAQ: MRTN). The Rochelle Park, New Jersey-based tech provider said Marten has started replacing 3G wireless service…
Welcome to the WHAT THE TRUCK?!? Newsletter. In this issue, PS5 delays extend into 2022, spot rates spike, who are the pipeline hackers, Nike and Postal Service settle on sneaker, and more. Rates rocket back up SONAR To the moon…
ST Engineering, a global technology defense and engineering group based in Singapore, on Tuesday announced an agreement with state-owned investment company Temasek Holdings to establish a joint venture for leasing freighter aircraft. The company’s aircraft and engine leasing unit, which…
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