US Xpress

Self-driving truck technology startup TuSimple nears stock offering

Self-driving truck technology developer TuSimple expects to file a prospectus to sell public stock as soon as next week, according to published reports and people close to the situation.

The company, with offices in San Diego and Beijing, has 50 Level 4 autonomous trucks running paid freight in Southwestern states. Those trucks still have a safety driver who can assume control of the vehicle if necessary. TuSimple is partnering with Navistar International Corp. (NYSE: NAV) to sell a long-haul...

https://www.freightwaves.com/news/self-driving-truck-technology-startup-tusimple-nears-stock-offering

The Daily Dash: UPS’ blowout quarter; Mayor Pete now Secretary Pete

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the surge in e-commerce resulted in a strong Q4 for UPS, which easily beat analysts’ estimates. Plus, the U.S. Senate confirms Pete Buttigieg as U.S. Department of Transportation secretary, and Forward Air announces a general rate increase.

Times are good

As e-commerce surged in 2020, especially heading into the holidays, UPS Inc. (NYSE: UPS) saw demand for its services rise, and that led to a...

https://www.freightwaves.com/news/the-daily-dash-ups-blowout-quarter-mayor-pete-now-secretary-pete

U.S. Xpress to deploy Platform Science technology

US Xpress to deploy Platform Science platform

U.S. Xpress’ (NYSE: USX) development of its Variant fleet has generated plenty of buzz in the industry, and on Wall Street. On its recent earnings call, one analyst questioned what Variant is really about and why it is different.

“This is not incremental change,” Variant President Cameron Ramsdell said in response. “Our mission is a step change from anything else that’s out there.”

The Variant fleet is designed to haul the most efficient loads. Load planning and scheduling are performed by...

https://www.freightwaves.com/news/us-xpress-to-deploy-platform-science-technology

FreightWaves Truck Talk: Clearing the air edition

This week, we’re looking at standardizing more convenience in over-the-air updates; 108 million breathe-safe N-95 masks from Cummins’ repurposing of engine filter material; and public self-determination for TuSimple.

Over-the-air updates (with convenience) … Mack Trucks is following sibling Volvo Trucks North America in standardizing the convenience of over-the-air (OTA) updates. Mack says the driver download activation feature will be included in factory-equipped models built since last Nov....

https://www.freightwaves.com/news/freightwaves-truck-talk-clearing-the-air-edition

The Daily Dash: LTLs on the rise; strong freight fundamentals remain in place for 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, UBS has initiated coverage on several less-than-truckload carriers, and it is seeing favorable conditions moving forward for the sector. Plus, U.S. Xpress executives see the fundamentals for a strong freight market staying in place well into 2021, and a new SPAC is targeting transportation and logistics companies in America’s heartland.

LTL’s sunny forecast

The less-than-truckload carriers got...

https://www.freightwaves.com/news/the-daily-dash-ltls-on-the-rise-strong-freight-fundamentals-remain-in-place-for-2021

The Daily Dash: Lost opportunity for J.B. Hunt

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, congestion played a role in J.B. Hunt Transport Services posting a worse year-over-year intermodal margin growth than expected. Plus, even preparation sometimes isn’t enough to stop a ransomware attack, and business-to-business activity has rebounded well from early 2020.

Lost opportunity

Congestion and gate restrictions from rail partners hampered J.B. Hunt Transport Services’ (NASDAQ: JBHT) Q4...

https://www.freightwaves.com/news/the-daily-dash-lost-opportunity-for-jb-hunt

The Daily Dash: Heartland kicks off earnings season; court sides with FMCSA over California

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Heartland Express has kicked off the Q4 earnings season, posting an improvement in operating income. Plus, an appeals court said California can’t supersede FMCSA regulations on hours of service, and Daseke’s board chairman talks the future of the company.

Earnings season kicks off

The first truckload carrier to announce Q4 earnings reported a slight year-over-year decline in revenue but improvement...

https://www.freightwaves.com/news/the-daily-dash-heartland-kicks-off-earnings-season-court-sides-with-fmcsa-over-california

U.S. Xpress announces new sales and dedicated division leadership

Jake Lawson, Chief Commercial Officer, U.S. Xpress

U.S. Xpress (NYSE: USX) announced leadership changes in sales and dedicated on Monday.

Jake Lawson has been appointed chief commercial officer and Justin Harness will be the president of the company’s dedicated division. Lawson will lead the Chattanooga, Tennessee-based truckload carrier’s sales, pricing and customer engagement functions, duties previously handled by Harness.

The appointments are effective this week, a news release stated.

“I’m excited to welcome Jake to the organization and look...

https://www.freightwaves.com/news/us-xpress-announces-new-sales-and-dedicated-division-leadership

The Daily Dash: What’s next for XPO and Brad Jacobs?

XPO to split into separate companies

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Brad Jacobs built XPO into one of the world’s largest logistics companies, but now that the company is splitting in two, what does that mean for Jacobs? Plus, Transport America believes it has a strategy to build for the future and U.S. Xpress and MIT are joining forces to improve driver efficiency.

Farewell tour?

Brad Jacobs built XPO Logistics and now he plans to split the company into two. Will...

https://s29755.pcdn.co/news/the-daily-dash-whats-next-for-xpo-and-brad-jacobs

The Daily Dash: Volumes and rates begin receding; Cold Chain Summit coverage; CDL fraud

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, freight volumes and rates have taken a step back in October after reaching near-historic highs, but it may only be a temporary reprieve for shippers. Plus, complete coverage of FreightWaves’ Cold Chain Summit and a new report highlights the toll CDL fraud is having on the industry.

Lull takes hold for carriers

Freight volumes, rejections and spot rates have all declined from near-historic highs in...

https://s29755.pcdn.co/news/the-daily-dash-volumes-and-rates-begin-receding-cold-chain-summit-coverage-cdl-fraud

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