transportation

President Donald Trump is expected to avoid a replay of last year by signing off on a $1.4 trillion fiscal year 2020 spending package that averts a government shutdown had Congress failed to meet a Dec. 20 deadline. The massive funding measure — approved by the House of Representatives on Dec. 17...

Liquid and dry bulk truckload (TL) carrier TransWood, Inc. announced that it has acquired Minnesota-based bulk carrier Kane Transport. Financial terms were not disclosed. Kane operates more than 150 trucks hauling petroleum products, construction and agricultural commodities throughout the upper...

FedEx Corporation (NYSE: FDX) shares dropped more than 10% Wednesday after the company's second-quarter earnings miss and fourth guidance cut this year. Analysts acknowledged its dilemma in a changing delivery sector, but some saw FedEx's woes as having bottomed out, with a return to a...

The Federal Communications Commission (FCC) has voted to advance a proposed rulemaking that would reduce by 40% the amount of broadband set aside for vehicle-related communications and open it up instead to the general public. Justification for taking a "fresh look" at the 5.9 GHz band, which was...

FreightWaves Chief Strategy Officer John "JT" Engstrom welcomed David Carpenter and Praveen Boppana of Bennett International Group to the FreightWavesTV show, "Fuller Speed Ahead," on Thursday to discuss the logistics company's expanding services. Bennett provides a diversified offering of...

MODE Transportation announced it has completed the acquisition of SunteckTTS Inc. The deal was previously announced on Nov. 18. The financial terms of the transaction have not been disclosed. The combination of the two multimodal third-party transportation and logistics providers is expected to...

U.S. Senator Roger Wicker (R-Mississippi) has introduced legislation requiring the Office of Management and Budget (OMB) to explain why proposed rules on mandatory hair testing for drugs in the transportation sector have yet to be issued. The Preventing Opioid and Drug Impairment in Transportation...

As members of Congress considers how to fund surface transportation projects over the next several years, they must consider the ways that e-commerce is transforming supply chain logistics, leaders and witnesses told a U.S. House panel on Dec. 5. "Without appropriate planning for last-mile...

On this episode of Great Quarter, Guys, Seth Holm, Kevin Hill and Andrew Cox break down leading flatbed operator Daseke Inc's (NASDAQ: DSKE) business model and talk freight broker compensation, trucking supply and demand and TeslaI Inc's (NASDAQ: TSLA) new Cybertruck. Listen to more FreightWaves...

Transportation management systems (TMS) continue to drive plenty of value for organizations, but it is still not a saturated market. A ResearchandMarkets.com analysis of the global TMS market has found that it will register a compound annual growth rate of 19.13% until 2024 – and for good reason...

This article is brought to you courtesy of NEXT Trucking The holiday shopping season is well underway even before Black Friday, as stores roll out promotions and shoppers look to get a head start on deals. For the logistics industry, this means a shorter period than ever to meet the challenge of...

We start with the premise that a driver can save $10,000 a year by slowing down his or her speed from 75 miles per hour to 65. We then set out to determine whether this would be worth it and to calculate sound, concrete numbers to back up our assumptions. Slowing down speed when rates are low and...

U.S. Senator Dick Durbin (D-Illinois) has introduced a bill that would allow Amtrak to sue the freight railroads for preventing Amtrak from meeting suitable on-time performance standards. "The Rail Passenger Fairness Act" would allow Amtrak to sue the freight railroads for not giving passenger...

The latest company to join the Blockchain in Transport Alliance (BiTA) is Loadsure, a London-based company that is an international InsurTech Managing General Agent (MGA) with a focus on the freight spot market. Loadsure's U.S. affiliate is located in Denver, Colorado. Blockchain technology...

Freight Futures market to watch today: Los Angeles, California Volatility in Trucking Freight Futures is smoldering but the flames are being stoked by the winds in the Los Angeles market. The spot National contract (FUT.VNU201911) dropped nearly 0.3% to close at $1.476/mile. The West regional...