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First look: GXO Logistics Q3 revenue hits $3.6B

GXO Logistics reported third-quarter revenue of $3.59 billion, a 5.7% increase from a year earlier, as the global contract logistics provider secured more new business and expanded its sales pipeline to record levels. The Greenwich, Connecticut-based company (NYSE: GXO ) said Tuesday that organic revenue grew 6.4% dur…

FreightWaves Торговля
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Walmart in $6B Symbiotic deal to automate warehouses

Walmart has agreed to expand its commercial agreement with Symbiotic Inc. to automate an additional 25 U.S. regional distribution centers. Symbiotic ( NASDAQ: SYM ) is an AI-powered warehouse automation and robotics company headquartered in Wilmington, Massachusetts. Walmart ( NASDAQ: WMT ) will initially invest about…

FreightWaves Средний коридор
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Trucking group’s lawsuit threatens to upend federal carrier registration system

A federal appeals court challenge to the U.S. Unified Carrier Registration (UCR) system could disrupt annual registration fees paid by trucking companies and threaten funding for state commercial vehicle safety programs, according to the organization that administers the program. The Small Business in Transportation C…

FreightWaves Железные дороги
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Logistics Alert: Capacity SHRINKS for 11 Straight Months

#fwtv_3xAcTdOz4RU .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_3xAcTdOz4RU .fwtv-panel p{margin:0 0 12px}#fwtv_3xAcTdOz4RU .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The latest ISM Manufacturing PMI and LMI reports…

FreightWaves Железные дороги
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Diesel Prices Collapse, Then Rebound: What’s Driving Volatility?

#fwtv_iR1nkzVKbnA .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_iR1nkzVKbnA .fwtv-panel p{margin:0 0 12px}#fwtv_iR1nkzVKbnA .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The diesel market is experiencing extreme volati…

FreightWaves Санкции и риски
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Why Your Trucking Insurance Costs Are Rising & How to Fight Back

#fwtv_wGWPcpLPMHY .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_wGWPcpLPMHY .fwtv-panel p{margin:0 0 12px}#fwtv_wGWPcpLPMHY .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Control your trucking insurance costs by focusin…

FreightWaves Санкции и риски
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Truckload Rates Explode: How Shippers Adapt to Rising Costs

#fwtv_idDTHLionrA .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_idDTHLionrA .fwtv-panel p{margin:0 0 12px}#fwtv_idDTHLionrA .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The freight market is experiencing an inflationa…

FreightWaves Средний коридор
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Latam Cargo airlifts armored vehicles to Peru for Pope Leo visit

Two popemobiles that will be used during Pope Leo XIV’s visit to Peru arrived on Monday from Brazil aboard a Latam Airlines Group freighter aircraft, part of a special logistics operation carried out under contract to Peru’s Ministry of Foreign Affairs and in coordination with General Motors. The two Chevrolet vehicle…

FreightWaves Порты и суда
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Peak season inventory surge bolsters TL carriers’ double-digit rate ask

An October survey of supply chain executives confirmed what truckload carriers said on recent quarterly calls—that rates are likely to remain on the rise for the foreseeable future. The Logistics Managers’ Index, released Tuesday, showed further capacity declines alongside surging pricing. Q3 reports show carriers gea…

FreightWaves Порты и суда
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Benchmark diesel price is down; so is futures market in a big way

The benchmark price used for most fuel surcharges fell this week, but the focus in oil markets is on the huge decline in futures market prices recorded Monday. The Department of Energy/Energy Information Administration average weekly retail diesel price fell to $6.292/gallon, a decline of 6 cts/g, effective Monday, pu…

FreightWaves Порты и суда
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FedEx uses dedicated logistics teams to win aerospace, automotive business

FedEx Corp.’s recent strategy to focus more on specialized services for companies in industrial sectors with complex logistics requirements, beyond basic parcel delivery, is paying dividends, especially in the aerospace and automotive sectors. The freight transportation giant last week described how it secured a serie…

FreightWaves Средний коридор
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US targets alleged labor violations at 2 Mexican factories

The U.S. has launched a labor rights investigation into a Mexican packaging manufacturer and announced a separate agreement to address labor rights concerns at an ammunition factory. The two cases highlight continued enforcement of worker protections under the United States-Mexico-Canada Agreement (USMCA). The Office …

FreightWaves Железные дороги
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Successful quarter at Expeditors boosted by hyperscaler business

All the key numbers at Expeditors International pointed upward in the third quarter at the logistics and freight forwarding company. Revenue year-on-year was up 42%, to $4.1 billion at the asset-light customs broker and freight forwarder. Despite the fact that the cost of transportation rose 49%, a faster rate than re…

FreightWaves Железные дороги
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New survey finds AI rush isn’t boosting ports earnings

A new survey of 103 industry experts has found that artificial intelligence is moving beyond trials in container ports and terminals, but measurable financial returns remain scarce. While 44% of respondents said their organizations had reached the scaling stage or beyond, Boston Consulting Group reported , only 4% rep…

FreightWaves Железные дороги
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Loamy raises $6M to flag produce before a buyer rejects it

Loamy, a Los Angeles startup that sells operations software to produce growers, packers, and distributors, has raised $6 million in seed funding led by Zeal Capital Partners. The round, announced Oct. 27, brings the company’s total funding to $10 million. Once a load misses a buyer’s spec after it ships, the grower ha…

FreightWaves Средний коридор
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Delivery AI should earn its authority one segment at a time

Salman Habib thinks AI vendors are asking retailers for too much, too soon. The vendors pitching them so far want full trust from day one, the Burq cofounder said, and that is why many retailers are still stuck deciding whether to use AI at all. Burq’s software decides how each order gets delivered, choosing among the…

FreightWaves Железные дороги
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230-plus immigrants arrested in crackdown targeting unauthorized CDL holders

Federal and state law enforcement agencies arrested more than 230 undocumented immigrants, including more than 40 commercial driver’s license holders, during a 72-hour enforcement operation spanning 15 states. The operation, dubbed Operation Guardian , was conducted Oct. 26-28 by U.S. Immigration and Customs Enforceme…

FreightWaves Торговля
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Pamt Corp. reports Q3 net loss, books 109.1% truckload OR

Truckload carrier Pamt Corp. lost money again during the third quarter. Like other carriers , it pointed to elevated driver procurement costs and the spike in diesel fuel prices as the culprits. Pamt ( NASDAQ: PAMT ) reported a net loss of $8.1 million, or 38 cents per share, on Monday after the market closed. Earning…

FreightWaves Аналитика
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Waiting on EPA ‘27 rule, Rush says it might not be soon

With the trucking sector anticipating the release of the final rule by the Environmental Protection Agency on nitrogen oxide (NoX) standards–known colloquially as EPA ‘27–and what engines need to do to get there, one of the country’s biggest truck retailers took the issue head on its recent earnings call with analysts…

FreightWaves Порты и суда