PACCAR Inc. (NASDAQ: PCAR) set a record for sales of truck parts in the first quarter, suggesting that an industry backlog constrained by supply chain shortages is prompting truck owners to hold on to their older equipment longer. “Inventory is…
On this episode of Midday Market Update, Kaylee Nix and Michael Vincent look at the changes coming to the renewable fuel market and what one company is doing to mitigate waste from oversize product returns. First in headlines, Andrew Cox…
Less-than-truckload carrier Yellow Corp. (NASDAQ: YELL) announced Tuesday it will take delivery of 1,200 tractors as part of its ongoing restructuring initiatives. The Overland Park, Kansas-based company facilitated the equipment purchase using the second tranche of a $700 million Treasury…
A wave of change may be headed for the factoring industry, with some large, well-publicized transactions and smaller ones that don’t get headlines but are part of a possible consolidation trend. “I anticipate over the next 24 to 36 months…
Canadian railway CN (NYSE: CNI) insists that ensuring competition among other railroads and shippers will be a priority should it succeed in merging with Kansas City Southern (NYSE: KSU). CN and rival railway Canadian Pacific (NYSE: CP) each are seeking…
Amazon Freight enables shippers to tap into Amazon’s network to move their full truckload freight—to Amazon facilities and off-Amazon. Experience world-class performance, reliability, and competitive rates when you put Amazon to work for you. Get started at freight.amazon.com. It can…
Transmission is sponsored by AIT. When you switch to AIT Worldwide Logistics for automotive shipping you’re partnering with a team of logistics professionals in Asia, Europe and North America who develop customized supply chain solutions that are just as unique…
GDC Technics, an aeronautics interiors supplier, filed for Chapter 11 bankruptcy the same day the company announced it was laying off 223 people in Texas. The layoffs and bankruptcy filing come after Boeing Co. (NYSE: BA) sued GDC Technics for…
It is no secret that hiring and holding onto qualified truck drivers is difficult to impossible for most fleets. Driver hiring and retention has always been a sticking point for carriers, with turnover rates for some truckload carriers eclipsing 100%…
In past editions of The Stockout, I’ve discussed cost inflation trends, which I believe is the industry’s largest issue currently aside from pandemic-related structural changes in demand. In recent days, many of the large CPG companies provided additional detail on…
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