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…
The infamous driver shortage — or driver squeeze — has been a hot-button issue across the transportation industry for years. The lack of qualified drivers, coupled with sky-high turnover — has affected every segment of the industry. While the impact…
Lufthansa Cargo next year will cover its fleet of Boeing 777 freighters with a high-tech coating that mimics the structure of a shark’s skin to reduce aerodynamic drag and fuel consumption, the company said Monday. The low-friction film consists of…
Fireworks display companies have warned regulators that Fourth of July celebrations are at stake due to federal work-rule and electronic logging device (ELD) restrictions. The Federal Motor Carrier Safety Administration (FMCSA) is asking for comments on applications from the American…
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