FreightWaves - Spark Newswire

7 minute read

Truckload: Higher Rates Drive OR Improvement Despite Labor Headwinds

Today, 3:46 PM

Third-quarter earnings season is off to a good start for truckload carriers and transportation companies with exposure to the mode. A key concern for the group was whether or not rate increases would offset cost inflation and allow for continued margin improvement; so far they have.

3 minute read

Ryder Invests in Gatik, Partners on Building Nationwide Autonomous Delivery

By FreightWaves

Today, 3:46 PM

Autonomous vehicle technology developer Gatik has reached a strategic lease and vehicle maintenance agreement with Ryder System and possibly a logistics operations management deal down the road.

5 minute read

Supply Chain Gridlock Dominates Sunday Talk Shows

By FreightWaves

Today, 3:46 PM

The Biden administration is touting a 90-day industry push to help relieve freight gridlock at Southern California ports. Secretary of Transportation Pete Buttigieg acknowledged on Sunday, however, that consumers waiting for Christmas orders won't see immediate results because improving the efficiency of maritime supply chains is a long-term process involving multiple stakeholders.

WMT

1 minute read

Amazon to Hire 150,000 Seasonal Workers

By FreightWaves

Today, 3:46 PM

Amazon.com Inc. said Monday that it plans to hire 150,000 seasonal workers nationwide for the peak delivery season, bringing to 315,000 jobs that the Seattle-based e-tailer has made available over the past few months.

AMZN

2 minute read

Sparks From CN, CP Trains Did Not Cause Lytton Fire

By FreightWaves

Today, 3:46 PM

The Transportation Safety Board of Canada has determined that sparks coming from the trains of CN and Canadian Pacific didn't start the fire in Lytto

CNI

7 minute read

Teamsters Update: Yes on New California Law, A Few New Units, One Decertification Looming

By FreightWaves

Today, 3:46 PM

It has been a mixed few months for the Teamsters, but the scale does appear to be weighing more in the direction of positivity from its perspective.

GXO

5 minute read

LaserShip Names Mike Roth, Top Amazon Logistics Executive, Interim CEO-Source

By FreightWaves

Today, 3:46 PM

Regional parcel delivery carrier LaserShip, which is poised to acquire fellow regional carrier OnTrac for about $1.3 billion, has named Mike Roth, a long-time Amazon.com Inc. operations executive, as its interim CEO, according to a person familiar with the matter.

AMZN

2 minute read

J.B. Hunt Rolls Past Q3 Expectations

By FreightWaves

Today, 3:46 PM

J.B. Hunt Transport Services handily beat third-quarter estimates Friday, posting earnings per share of $1.88, 11 cents ahead of consensus expectations. Earnings per share were 27 cents higher than the second quarter and 70 cents better than the year-ago quarter.

JBHT

6 minute read

General

The Perils of Precision Scheduled Railroading

By FreightWaves

Today, 3:46 PM

Although almost all of the Class I railroads have been deploying precision scheduled railroading (PSR), an operational model that seeks to streamline operations, for several years already, a number of issues keep the debate over its value alive.

BRK-B

1 minute read

No More Room at the Logistics Warehouse Inn, Prologis Says

By FreightWaves

Today, 3:46 PM

The world's largest logistics warehouse operator said publicly on Friday what everyone has sensed and experienced for many months: There is no more space to be had, at least right now.

PLD