Supply Chain, Logistics, and Trucking News & Data - FreightWaves
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Preparing for phase 2 of the Drug & Alcohol ... - FreightWaves
Sep 25, 2024 · There are currently over 175,000 CDL/CPL drivers with “prohibited” statuses in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse. This will be a bigger problem for these drivers and their employers in the coming months. The FMCSA initially slated the Drug & Alcohol Clearinghouse regulation for a two-phase rollout.
#1 Logistics, Freight and Transportation News - FreightWaves
In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.
FreightWaves announces 2025 FreightTech 100 companies
Sep 23, 2024 · Related: See previous winners Methodology. The FreightTech 100 list is produced by a panel of journalists, analysts and experts chosen by FreightWaves. The voting form included more than 250 companies with information condensed from nearly 900 nominations.
Saia’s $1B growth plan to test LTL’s tight capacity structure
Feb 2, 2024 · Less-than-truckload carrier Saia Inc. has big growth plans in 2024 after picking up 28 terminals from bankrupt Yellow Corp.’s estate. It outlined a $1 billion capital expenditures plan in its fourth-quarter report, which if executed would …
Why Walmart pays its truck drivers 6 figures - FreightWaves
Jan 23, 2024 · Last year, Walmart announced another key pivot. The company said in January 2023, building on a pilot it launched the year before, that it would allow Walmart associates living in participating locations to apply to a 12-week CDL program.For perhaps the first time, a Walmart company driver doesn’t need years of experience to get …
Container shipping outlook 2024: Rising risk of delays, disruptions
Dec 7, 2023 · It’s not just about the Panama Canal. With the Suez Canal, there have been attacks on ships in the Red Sea, and on top of that, we have the ILA contract expiring at the end of next September [The International Longshoremen’s Association contract for East and Gulf Coast dockworkers]. FREIGHTWAVES: The ILA has specifically warned that it will strike on Oct. 1, 2024, if its demands aren’t met.
Forward Air-Omni merger finally closes - FreightWaves
Jan 25, 2024 · Forward Air announced Thursday it has completed the acquisition of Omni Logistics. The transaction’s closing ends a bitter legal dispute between the two parties.. A news release said the deal, which likely closed at a total purchase price of $2.1 billion, is expected to create a “category leader in the expedited LTL market.”
Boeing to sunset 767 freighter program, slow 777X rollout amid …
Oct 11, 2024 · Boeing said Friday afternoon it will stop production of the 767 freighter in 2027, sooner than expected, and won’t have the next-generation 777-8 freighter ready for commercial use until 2028, at least a year later than previously scheduled, as the company looks to stem financial losses amid a month-long machinists strike.
Covenant Logistics CEO sees trucking market rising in 2025
Nov 20, 2024 · Covenant Logistics Group co-founder and CEO David Parker predicts the trucking industry’s peak season will see positive growth this holiday season. “Last week started the first week of peak that will go until about Christmas, and peak, it shot up about 105% last week, and this week peak is growing even more,” Parker said.