Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
J.B. Hunt reports Q2 earnings, impacted by weaker demand, with uncertainty around 2023 peak shipping season.
J.B. Hunt Transport Services reported Q2 earnings per share of $1.81, falling short of expectations due to soft demand, and indicated uncertainty around the impact of the 2023 peak shipping season. While intermodal volumes outpaced the industry, the company's brokerage revenue and truckload segment saw declines, but the dedicated unit reported its highest-ever operating income.
Source: FreightWaves
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Publicly trader transportation companies: Ryder, Landstar, and Old Dominion report Q2 2023 earnings.
Less-than-truckload carrier, Yellow Corp., has filed a $137 million lawsuit against the Teamsters union amid a severe financial crisis.
The South is transforming into the US's new industrial heartland, with investments pouring into sectors such as EV battery production.
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