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What Knight-Swift deal means for its future M&A prospects
Experts say the acquisition illustrates the prime market conditions for network expansion right now.
By David Taube , Colin Campbell • March 27, 2023 -
Teamsters reject Yellow’s resubmitted proposal for network overhaul
The union canceled a negotiation meeting with the company as the sides currently clash over a revised plan.
By Colin Campbell • March 27, 2023 -
Trendline
Top 5 stories from Trucking Dive
These five stories detail the top trends and issues facing the trucking and transportation industry.
By Trucking Dive staff -
Yellow to close 2 Ohio facilities as part of network overhaul
The LTL carrier plans to offer transfers to workers at the facilities in Akron and West Chester.
By Colin Campbell • March 24, 2023 -
Dollar General hits goal of doubling size of its private fleet
The discount retailer expects to operate more than 2,000 tractors by early 2024.
By Larry Avila • March 23, 2023 -
US Xpress subsidiary will remain separate following Knight-Swift deal
Total Transportation of Mississippi will retain its brand, operations and workers once the acquisition closes.
By David Taube • March 23, 2023 -
Banking instability could affect trucking
Faltering institutions or any pullback in lending could change fleet operations and the profile of M&A deals in the industry.
By Colin Campbell • March 23, 2023 -
Knight-Swift unveils new leadership for US Xpress as part of deal
Swift Transportation executives will take the reins of the acquired company as the Fuller family transitions out of executive roles.
By David Taube • March 21, 2023 -
PAM Transport finance chief resigns after decades with the carrier
CFO Allen West will serve in an advisory role through June 8.
By David Taube • March 21, 2023 -
R&R Express buys Load to Ride
The Pittsburgh-based LTL and truckload carrier says the acquisition opens door to West Coast opportunities.
By Larry Avila • March 20, 2023 -
Yellow to close Milwaukee terminal in May
The move is part of its plan to consolidate operations nationwide.
By Larry Avila • Updated March 20, 2023 -
FedEx Freight moves to rightsize fleet, limit hiring as volumes fall
The LTL unit is one of several carriers cutting costs in the face of weakening demand.
By Max Garland • March 20, 2023 -
Werner’s key customer mix moves toward retail, consumer products
Those industry groups represented 60% of its top 50 customers, a decades-long high.
By David Taube • March 17, 2023 -
Q&A
Great Plains Transport’s chief growth officer hopes to bring past customers to new job
Jacob Perry says his priority is to re-establish past business relationships and find new opportunities.
By Larry Avila • March 17, 2023 -
Gatik rolls out AV deliveries for Kroger in Dallas
Reefer truck operations are expected to launch in Q2, and will run seven days a week.
By David Taube • March 16, 2023 -
Yellow reduced workforce in the face of Q4 demand decline
The LTL carrier’s announcement followed a 25% drop last quarter YoY in tonnage.
By Colin Campbell • March 16, 2023 -
Volvo’s planned AV network recruits its first carrier
Dry van TL provider Ascend has reserved driverless trucks for long-haul runs in Texas.
By David Taube • March 15, 2023 -
Regulators approve Canadian Pacific’s $31B acquisition of Kansas City Southern
The Surface Transportation Board said the move will shift about 64,000 truckloads annually from North America’s roads to rail.
By Sarah Zimmerman • Updated March 16, 2023 -
3 red flags that could signal a double-brokerage scheme
Verifying the name on a bill of lading and other steps can save owner-operators from fraud that can cost them thousands of dollars, OOIDA says.
By Colin Campbell • March 14, 2023 -
IMC Companies to unify all business units under its corporate name
The move is part of a streamlining effort to gain efficiencies and promote a consistent branding message.
By Larry Avila • March 13, 2023 -
FreightWorks closure leads to loss of 200 jobs
The North Carolina truckload carrier told Transport Dive a loss of business prompted its decision to abruptly shut down the company.
By Larry Avila • March 13, 2023 -
XPO names former Old Dominion CFO to board of directors
J. Wes Frye spent 30 years as an LTL executive before his retirement in 2015.
By Colin Campbell • March 13, 2023 -
ArcBest fires 2 long-time MoLo executives
Andrew Silver and Matthew Vogrich had led the truckload brokerage for years before their sudden dismissal.
By Larry Avila • March 10, 2023 -
US Foods touts volume gains, flexible workweek pilot
The food distributor’s emphasis on workforce retention is part of a long-term strategy to reduce costs and grow revenue.
By Larry Avila • March 10, 2023 -
Forward Air extends layoffs in cost-cutting move
The LTL carrier reduced its headcount by over 200 full-time workers in the past three months, according to a mid-market Q1 update.
By David Taube • March 9, 2023 -
Struggling freight market is squeezing out owner-operators, OOIDA says
More than half of the respondents to a survey forecast worsening prospects in 2023 as they face a spot rate downturn.
By Colin Campbell • March 9, 2023