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Freight Waves

Former FedEx Ground contractor files for bankruptcy liquidation

A California company, which once contracted with FedEx Ground to deliver packages before filing suit against the global delivery giant (NYSE: FDX) in November over alleged illegal business practices, has filed for bankruptcy liquidation.  PYNQ Logistics Services Inc., doing business…

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Target appears to be losing on everyday items

Losing share in boring items Target shares have severely underperformed Walmart over the past three years. (Chart: Barchart.com, Inc.) Target spent much of Wednesday’s earnings call talking about recent promotions, new product introductions and holiday-related sales. Examples include Target Circle…

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Tesla to trucking industry: Step up your electric game

LAS VEGAS — The Advanced Clean Truck Expo is a come-all event. Until this year, Tesla has passed on attending. The ACT Expo has outgrown the art deco charm of Long Beach and the “Disney-fied” atmosphere of Anaheim, California. This…

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Building trust in an automated freight industry

With the prevalence of new software and other technology in the freight industry, it can be difficult for both shippers and carriers to determine their best purchases and contracts on the digital landscape. Especially with the increasing danger and sophistication…

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Extreme hurricane season could trigger ‘carrier revenge’

For the past two years, shippers have had enormous leverage in the freight market, as excess capacity has kept rates under significant pressure. Shippers, who suffered under the weight of sizable market stress during COVID have inflicted “shippers revenge” on…

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