transportation

This week's DHL Supply Chain Pricing Power Index: 70 (Carriers) Last week's DHL Supply Chain Pricing Power Index: 70 (Carriers)  Three-month DHL Supply Chain Pricing Power Index Outlook: 65 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to...

Like many fleet owners, Rick Larkin wants and needs more drivers. With two pay raises so far in 2021, he is willing to put his money where his mouth is. But Larkin, president of truckload carrier BCB Transport LLC, is not so desperate that he will hire just anyone to fill the seats of his 300 power...

Truck transportation jobs continued a steady rise in July, according to data from the Bureau of Labor Statistics, with the not-seasonally adjusted figure again growing at a faster rate than the seasonally adjusted number. Economists generally look to seasonally adjusted data as being more...

Canadian bulk carrier Trimac Transportation announced Wednesday it has acquired technology-driven freight brokerage Zengistics Inc. Terms of the deal were not disclosed. "This is an exciting benchmark in our Trimac history and we are delighted to partner with such a dynamic team at Zengistics,"...

On Tuesday, ENERGY Transportation Group, an asset-based third-party logistics firm headquartered in Montreal, announced the opening of its brokerage division in Chattanooga, Tennessee, furthering its penetration into the North American transportation ecosystem.  "The choice to locate our newest...

Digital brokerages have played an important role in the technological revolution of the transportation industry. Their disruptive innovation has challenged legacy players to take a step back and analyze the value of their current service offerings and motivate them to invest in bringing true...

Benzinga has examined the prospects for many investor favorite stocks over the past week. The past week's bullish calls included oil, automaker and semiconductor giants. E-commerce and electric vehicle leaders and a FAANG stock were among the bearish calls seen. The second quarter ended...

The U.S. House of Representatives on Thursday passed a highway reauthorization bill that includes a provision to raise trucking insurance liability from $750,000 to $2 million, mandates automatic braking on new trucks and increases scrutiny of truck dispatch services. The Investing in a New Vision...

An Ohio-based transportation company and three of its trucking company affiliates filed for Chapter 11 bankruptcy protection, despite receiving loans through the U.S. Small Business Administration's Paycheck Protection Program (PPP) to stay afloat during the COVID-19 pandemic. 5AAB Holding LLC of...

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Write-offs and other signs of distress in the transportation book of business at BMO (TO: BMO.TO) remained healthy in the midst of a strong freight market, showing only minimal signs of deterioration from the prior quarter. BMO's transportation book is heavily weighted toward U.S. trucking. As a...

The U.S. Surface Transportation Board (STB) has decided to uphold a 2001 waiver that will ease the path for the merger between Kansas City Southern and Canadian Pacific Railway Limited.  What Happened: The Canadian Pacific Railway Ltd. (NYSE: CP) won a petition for its...

Following Harley-Davidson Inc’s (NYSE: HOG) strong first-quarter earnings, investors have become bullish on the company’s potential turnaround and seem to be under-estimating the secular challenges ahead, according to Morgan Stanley. The Harley-Davidson Analyst: Billy Kovanis downgraded...

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. Here’s the latest news and updates for...

Canadian Pacific Railway will buy out Kansas City Southern in a merger that CP says will create the first U.S.-Mexico-Canada railroad. What Happened: Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) on Sunday announced that they have entered...