Several intermodal containers on trains running between China to Europe run empty due to lack of exporter demand for capacity.
Marine terminals to offer guaranteed empty returns, common portals for truck appointments.
Market Voice Jim Blaze writes about rail intermodal and what is happening to this area of the railroad sector.
It takes a year of advance planning and up to 10 loads to move a single monster turbine.
Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.
Freight tonnage will grow 25.6 percent by the end of the next decade, the American Trucking Associations (ATA) predicts in its annual ATA Freight Transportation Forecast: 2019 to 2030.
Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California. Industry professionals said the longer wait times are […]
Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…
The continued slump in U.S. rail volumes is putting pressure on overall North American rail volumes.
The railcar manufacturer and lessor has been tinkering with its designs for railcars to expand their volume capacity while also making them lighter.
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
Women In Trucking will honor transportation firms at its Accelerate! Conference & Expo.
Jim Blaze writes about FreightWaves SONAR and how it could be a helpful tool for the freight railroads.
The nation’s largest logistics warehouse owner, operator and developer bolsters its Los Angeles portfolio with an increasingly difficult find.
PE firms pay up to eight times EBITDA for chemical haulers.
A Chicago startup has proposed using crane rails to move containers in and out of terminals to ease congestion in the era of mega-ships.
Move to non-tariff sources means switching ports, intermodal executives say.d
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
FreightWaves is expanding with a new office in Portland, Oregon. There are opportunities for data scientists, software engineers and journalists.
Plus: Amazon opens “4-star” store in Seattle: Postmates tests robots in San Francisco.
American Trucking Associations (ATA) praised the fact that 53-foot intermodal containers won’t be subject to the next round of Section 301 tariffs on China. The Office of the U.S. Trade […]
Contract rates are still sliding down against steady spot rates.
Year-to-date North American rail volumes fell 2.3 percent last week. But what about for the rest of the year?
Asia-U.S. container rates are still not showing peak-season strength, but optimism remains.
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.
The announcements confirming Canada’s planned investments in rail infrastructure come as the country prepares for a federal election in October.
Multi-modal data and channel checks with freight brokers point to a good setup for peak season.
But Japan’s biggest shipping line looks to restart Long Beach service after summer hiatus.
Third-party logistics provider aims to grow presence in its West Coast markets.
U.S. rail carloads no longer appear to be following the lead of broader economic indicators. Why? Look to concerns about rail service reliability and trade uncertainty as answers.
Barbara Spector Yeninas had the moxie to launch a business serving the male-dominated maritime industry 45 years ago. That determination has kept her going for more than four decades, although these days she’s wearing sneakers instead of stilettos.
Canadian government to invest C$18.5 million for logistics system, bridge, signs and “intelligent” communications to boost flow of trucks as part of a broader effort to improve trade infrastructure.
CSX and Canadian National’s partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to expand each other’s geographical reach and compete with the long-haul trucking market.
Chinese tariffs are impacting American agriculture. But declines in exports to other countries are also hurting American agriculture.
U.S. railroad operations loaded 5.5 percent fewer carloads and intermodal units in July, and trade uncertainty could threaten to maintain that downward trend in rail volumes for the remainder of 2019.
The owner of BNSF and the investor behind Uber have more in common than it seems.
Southern California drayage and logistics firm looks to add to customer base with deal.
FMC Commissioner Rebecca Dye is scheduled to deliver her demurrage and detention recommendations to her fellow commissioners on Sept. 3.
Roadrunner Transportation Systems reports another large operating loss and announces that it will narrow its focus to its logistics and asset-light LTL segments.
Jim Blaze writes about the recent history of intermodal rail service and what may happen in the next few years.
Delta Cargo has chosen FreightWaves SONAR for global freight intelligence and data analytics.
Top 10 intermodal company in the U.S. looks to broker to for drayage supply.
Cargo activity through the Jacksonville, Fla., seaport had a nearly $31.1 billion economic impact on the region and state in 2018.
Two mega-retailers partnerships signal an inflection point in the visibility market.
Second quarter revenue for BNSF rose 0.3 percent despite lower volumes for agricultural products, consumer products and industrial products.
There are reasons to expect a healthy pop in outbound Los Angeles spot rates.
How high will rates out of Los Angeles go in October and November?
East Coast ports saw better growth as trans-Pacific trade slows
North American rail volumes are still lower year-over-year, but U.S. carloads recovered somewhat last week.
Schneider is closing its First to Final Mile delivery operation due to poor performance.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
Schneider National sees “less favorable” trends continuing into the back half of 2019. The company lowered guidance and announced the closure of its First to Final Mile business.
Celadon’s turnaround gets a shot in the arm with a new three-year financing agreement.
Chief Insight Officer Dean Croke breaks down the intermodal market and how some areas if it are trending upward. While market expert Seth Holm gives us an update on Q2 […]
Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was […]
The Port of Savannah saw container volumes drop from year-earlier levels as the outlook for international trade remains weak. But the fourth largest U.S. port is still seeing some of […]
The Class I railroads have reported their second quarter/first-half of 2019 results. Jim Blaze writes about what may happen during the remainder of 2019.
Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.
CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.
Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”
Legislation includes first-ever grants for electric vehicle infrastructure.
The record occurred despite extreme weather conditions that stymied rail shipments in February and March, as well as restrictions on Canadian canola exports to China, the railway said.
After California, New Jersey is the next battleground for trucking’s owner-operator business model. And motor carriers fear the war there may be largely lost. The latest skirmish centers on a […]
A softening freight market took a toll on Universal Logistics Holdings Inc. (NASDAQ: ULH), an asset-light provider of customized transportation and logistics solutions. The company reported second quarter 2019 net […]
Denser shipments and higher prices combined for a 6.9 percent improvement in revenue per LTL shipment.
U.S. rail volumes fell yet again for the week ending July 20, according to data from the Association of American Railroads.
Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be […]
Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.
Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.
Schneider wins award for security excellence, while US Xpress honored as carrier of the year by FedEx Ground
Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs.
Brian Aoaeh writes about how machine learning and artificial intelligence can be used to improve transportation and decrease emissions.
Maryland Governor Larry Hogan (R) said Maryland has received a $125 million federal grant that the state hopes will lead to an expanded rail tunnel in Baltimore to allow for taller trains to travel to the Port of Baltimore.
The $30 million Heartland Intermodal Gateway has generated little income.
West Virginia may look to sell an intermodal port that it developed, but which has failed to generate the expected level of freight volumes. The state’s Port Authority developed the […]
Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.
To prepare for ultra-large containerships, the port revises the plan last updated in 1990.
While investing in the North American railcar market is risky right now because the market is so uncertain, Europe and India are among the places where there are “attractive’ opportunities to invest in railcars, officials with railcar lessor GATX said on the company’s second quarter earnings call on July 17.
Capacity has returned to freight markets and spot rates are falling against “contract.”
The railroad said second quarter revenue totaled $714 million, a 5 percent increase from $682 million for the same period in 2018.
After decades of planning and discussion, freight traffic could finally have an alternative highway loop around Dallas that saves them from bottlenecks along Interstate 35. The Loop 9 project will […]
APM Terminals reached a deal with the longshore union at the Port of Los Angeles to retrain dock workers in repairing the automated cargo handling equipment that will take their […]
East Coast ports controlled nearly half of all US TEU traffic last year, JLL report says
It’s hard to blame the skeptics, given what has happened in the past, but dry bulk freight rates are getting pretty impressive.
“You’ve heard me say this many, many times – we’re not going to use the lack of volume as an excuse not to make aggressive achievements on our productivity,” Union Pacific chief financial officer Rob Knight said.
“Rest assured our commitment to achieving our financial targets is unwavering and has never been stronger,” says CFO Rob Knight.
The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port. The Port of Charleston’s two […]
Sudden surge in marine fuel costs could spur shippers to consider switch to California over Panama Canal route.
The continued decline of U.S. rail volumes was one of the themes mentioned in the second quarter earnings calls for CSX and Canadian Pacific.
Norfolk Southern and Union Pacific are modifying some of the ways they collect demurrage and accessorial charges for some commodities, but some shippers are questioning the modifications.
Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.
“The present economic backdrop is one of the most puzzling I have experienced in my career,” says CEO James M. Foote.
“The present economic backdrop is one of the most puzzling I have experienced in my career..”
Despite a drop in profit in the second quarter, CSX’s (NYSE: CSX) operating ratio set a company record.
Logistics real estate company Prologis, Inc. acquires 37.5 million square feet in $4 billion deal.
After 38% growth in 2018, the company says it is optimistic about continued expansion.
Jordan Alliger rated UPS, FedEx, and J.B. Hunt ‘Buy’; XPO and C.H. Robinson ‘Neutral’; and Expeditors ‘Sell.’
J.B. Hunt posted net earnings of $133.6 million in the second quarter, down 10 percent from a year ago.
