Trucking carriers

Ex-Celadon trucking executives settle case with SEC

The Securities and Exchange Commission has agreed to settle an accounting fraud case against two former Celadon Group Inc. executives accused of engaging in a scheme to hide millions in losses before the Indianapolis-based trucking company filed for bankruptcy and ceased operations in 2019.

Former Celadon trucking executives Eric Meek and Bobby Peavler agreed to a settlement with the SEC following a Jan. 30 conference, according to court filings.

The court documents do not contain any details...

McLeod Software integrates FreightWaves TRAC truckload spot rates with PowerBroker, LoadMaster

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Birmingham, Alabama-based transportation management system provider McLeod Software recently...

https://www.freightwaves.com/news/mcleod-software-integrates-freightwaves-trac-truckload-spot-rates-with-powerbroker-loadmaster

Lean Staffing Solutions raises $42.5 million from FTV Capital

Lean Staffing Solutions (LSS), a staffing firm offering nearshored solutions in Colombia focused on transportation and logistics, announced Tuesday that it had raised a $42.5 million growth equity minority investment from FTV Capital. 

“Colombia is the fourth-largest business process outsourcing (BPO) market in Latin America with a $2.3 billion market size and an annual growth rate of 19% over the last seven years,” said Brad Bernstein, managing partner of FTV Capital, in a statement. “With its...

https://s29755.pcdn.co/news/lean-staffing-solutions-raises-425-million-from-ftv-capital

Trucking Markets: capacity tightness spreads

The question on every trucking carrier and freight broker’s mind: “is this surge just normal seasonality, or something more?”

Answering that question is difficult because of the number of unknown variables in the marketplace and how they interact. It’s impossible to get a precise measure of absolute capacity: the existing data speaks indirectly to overall trends rather than actual truck counts. And the short-term outlook for the U.S. economy is highly uncertain as well. 

When both supply and...

https://s29755.pcdn.co/news/trucking-markets-capacity-tightness-spreads

STORD acquires Cove Logistics

STORD acquires Cove Logistics and now offers freight services (Photo: Jim Allen/FreightWaves)

On-demand warehousing and distribution startup STORD has acquired transportation provider Cove Logistics to further expand its capabilities, which now includes freight services. 

In a statement, Sean Henry, the CEO of STORD, explained that the company was on a mission to help companies build and scale optimized, cloud-based supply chains. “Since our launch, we have been laser-focused on improving our customers’ warehousing networks to optimize the placement of their inventory,” he said. 

Today,...

https://s29755.pcdn.co/news/stord-acquires-cove-logistics

Commentary: Uber Freight shows importance of people in logistics

Uber Freight tractor-trailer

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

The recent announcement of massive layoffs and the closure of 45 offices at Uber Technologies – and in particular, its CEO’s stated commitment to re-evaluating non-core, cash-burning businesses like Uber Freight – set the logistics world abuzz.

However, I would argue that it’s not in the way contributor Ryan Schreiber described. As he makes the case for Uber as an...

https://s29755.pcdn.co/news/commentary:-uber-freight-shows-importance-of-people-in-logistics

How to balance a shipper’s network to weather any storm

truck traveling down highway

The logistics industry is built on adaptability and primed for chaos. The market rises and falls alongside economic shifts, natural disasters, trade disruptions and regular seasonality. Nevertheless, every corner of the industry has felt some level of pandemic-fueled whiplash over the last two months.

When the coronavirus pandemic started spreading across the U.S. in March, state governments issued lockdowns. People stayed home to protect themselves and their families. Toilet paper and Tylenol...

https://www.freightwaves.com/news/how-to-balance-a-shippers-network-to-weather-any-storm

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