Operations: Page 67
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Roadrunner splits from Ascent, shedding logistics services in favor of LTL
The carrier has downsized in pursuit of an asset-light LTL strategy, selling more than $300 million in assets since last year.
By S.L. Fuller • July 28, 2020 -
Firms should revisit financial controls as pandemic amplifies risk, accounting experts say
With staff remote, executives in survival mode and hundreds of billions in assistance pouring into the economy, the chances of mistakes and abuse are heightened.
By Robert Freedman • July 28, 2020 -
The image by TruckPR is licensed under CC BY-ND 2.0
FBI poses 5 questions to assess ELD security
The agency urged carriers to lower the risk of cyberattacks by asking the ELD manufacturer or supplier about its security systems.
By Jim Stinson • July 27, 2020 -
Home Depot leans on efficiency analysis for sustainable transport plan
The retailer's bulk freight business makes electrifying its fleet more difficult. But one company VP said electrification is looking more likely every year.
By Emma Cosgrove • July 27, 2020 -
Deloitte: Transport faces $30B profit loss in 2020, but some firms could emerge stronger
Financially weak companies should focus on liquidity management, while stronger firms can use strategic investments and improve margins, Deloitte said.
By S.L. Fuller • July 24, 2020 -
Landstar earnings get hit by pandemic, insurance costs
The carrier reported its profits were more than cut in half by the COVID-19 pandemic, dropping 58.7% from the same quarter last year.
By Jim Stinson • July 23, 2020 -
Knight-Swift restores 2020 earnings guidance, assumes 'modest' business in Q4
The carrier expects earnings per share between $2.15 and $2.30 — 15 centers higher than the guidance it issued in January before the pandemic.
By Jim Stinson • July 23, 2020 -
AI begins to take the wheel in trucking, from routing to driving
The technology must prove itself in billing and routing before becoming ubiquitous through autonomous trucks.
By Jim Stinson • July 23, 2020 -
Paccar says worst of COVID-19 economic damage over after 58% revenue drop
Paccar Parts began to show recovery in June, because "as trucks move, parts move," the CEO said.
By Jim Stinson • July 22, 2020 -
How to retain customers for the long term
Retention is the single most important factor in product success, according to product and growth specialists.
By Robert Freedman • July 21, 2020 -
'We've never seen something like this': Volvo North American truck deliveries plunge 79%
The unprecedented drop shows the size and scope of the COVID-19 pandemic's effects on OEMs.
By Jim Stinson • July 17, 2020 -
JB Hunt optimistic as demand increases for niche final-mile deliveries
Business for intermodal has gradually increased, with the second half of June seeing more business than April or May, the carrier said.
By Jim Stinson • July 17, 2020 -
BlackRock votes against Daimler, Volvo for inadequate climate disclosure
The asset manager later called Daimler's progress "encouraging."
By Emma Cosgrove • July 17, 2020 -
Coyote launches AI dynamic routing tool, promising carriers consistent weekly miles and reduced deadheading
The software strings shipments together so fleets move productively, and drivers can be paid the mileage they were promised, the UPS subsidiary said.
By Jim Stinson • July 16, 2020 -
Deep Dive
Why coronavirus controls freight's fate in 2020
Transport economists don't expect a volume recovery until the latter half of 2021, and fleets are drawing on lessons learned in past economic disasters.
By Jim Stinson • July 15, 2020 -
FMCSA, CVSA alert drivers about safety, traffic issues
The CVSA's 2020 Operation Safe Driver Week begins as scheduled, during which police will look for speeders and other violators.
By Jim Stinson • July 14, 2020 -
Supermac1961 from CHAFFORD HUNDRED, England / CC BY (https://creativecommons.org/licenses/by/2.0). (2009). "Peterbilt truck" [photograph]. Retrieved from Wikimedia Commons.
15 states, DC will collaborate on 100% electric truck sales by 2050
The memorandum of understanding gives states the opportunity to follow in the footsteps of the California Air Resources Board's electric-truck sales rule.
By S.L. Fuller • July 14, 2020 -
Truck movement declines across US after July 4th, businesses close again
The up-down pattern of trucking movement makes the market unpredictable.
By Shefali Kapadia • July 13, 2020 -
JB Hunt agrees to $6.5M settlement for California driver misclassification
Former J.B. Hunt contractors could get an average $20,000 settlement if a federal court approves the mediation for the 312 drivers.
By Jim Stinson • July 13, 2020 -
XPO relies on data to help prevent workplace coronavirus spread
Findings indicate technology is being used as fervently as soap and water, in efforts to prevent spread and avoid hot spots.
By Jim Stinson • July 10, 2020 -
Driver concerns top executives' priorities, even during the coronavirus
Experts agreed the pandemic has done little to change executives' and drivers' main focuses, which include shortages and retention.
By Jim Stinson • July 9, 2020 -
The image by Wikimedia Commons is licensed under CC BY-SA 4.0
Werner expands big and bulky final-mile service into Canada
Though last-mile logistics is a growing segment, it isn't always a winning strategy.
By S.L. Fuller • July 9, 2020 -
Surging jury awards and 3rd-party litigation hike insurance premiums, hit trucking profits
Despite double-digit increases in premiums for fleets, commercial automotive insurers lost $4 billion in 2019, the worst loss in 10 years.
By Jim Stinson • July 8, 2020 -
6 considerations for firms bringing employees back to the office
Experts advised employers to heed government guidance while prioritizing workers' health and open communication.
By Katie Clarey , Aman Kidwai , Kathryn Moody • July 8, 2020 -
Brand strategy jumps higher on priority lists as firms slash budgets
Whether firms are recruiting drivers or drumming up interest in new equipment, marketing remains a necessary aspect of business strategy — even as market conditions remain uncertain.
By Robert Williams • July 7, 2020