Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
Cowan Systems has acquired family-owned regional carrier Carlisle Carrier as it looks to strengthen its Northeast presence.
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
This article brought to you courtesy of NEXT Trucking Transloading services are becoming an increasingly popular option for international shippers looking to beat the cost of carrier haulage by an […]
Union Pacific’s (NYSE: UNP) intermodal rail service saw average speeds sink to a two-year low in the second quarter, with shippers and intermodal marketing companies reporting extensive delays in getting […]
Maersk, for the second time, was granted a permit by the Port of Los Angeles that would allow its APM Terminals subsidiary to install infrastructure for electrified, automated container handling […]
As the Class I railroads begin reporting their second quarter earnings results next week, some members of the Wall Street community expect the lower rail volumes from the second quarter to affect the railroads’ financial results.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
The port handled a record 2.4 million TEUs of containerized cargo in the 12 months ending June 30, an 8.8% increase over the prior fiscal year.
Although volumes are down across modes, rails don’t need top-line growth to improve cash flows.
Executives from C.H. Robinson discussed increasingly strict retail compliance programs and how to exceed expectations.
Year-to-date U.S. rail volumes fell yet again this week, although improving economic indicators signal that rail volumes could moderate in the weeks and months ahead.
Chris Lytle will step down as executive director of the Port of Oakland on July 19, ending a 53-year career in trade and transportation.
When it came to choosing the location for our latest and greatest event, Chicago was a no brainer. The Windy City isn’t just at the heart of the Midwest, it’s […]
The Port of New York and New Jersey published its plans on how it will handle an expected doubling of container volume over the next 30 years, all while trying […]
Appeals court rejects CMA CGM’s attempt to avoid paying up.
The November 2019 contract is being bid at $2.01/mile and falling.
Atlas Air has won an injunction ordering pilots that have been staging sickouts and delays to stop the practice.
As more bulk and oversize cargo gets transported in containers, some shippers are abusing equipment, says the Institute of International Container Lessors.
The Florida East Coast Railroad’s ships ran a regular and profitable service from 1915 to 1940.
Rail volumes were off again for the week ending June 29, 2019 with U.S. railroads reporting a 5.5 percent decline.
In the longer-term, rail industry observers are waiting to see how and whether Genesee & Wyoming will be able to make the capital investments needed to maintain its infrastructure.
Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.
Jim Blaze writes about the movement of grain by rail. This is a huge business for U.S. and Canadian railroads, and is also critical to the export market of the two countries.
“The requested special permit presents unique and substantial risk to the safety of the public and the environment,” reads a letter sent by Reps. DeFazio and Malinowski.
The freight railway owner and operator will be taken private once the transaction, which includes debt, closes later this year or in early 2020.
Also earning accolades were ports throughout the Western Hemisphere, Kongsberg Maritime and ORBCOMM.
Top transportation economist Paul Bingham goes in-depth on trade war freight consequences, both pro and con.
Florida International Terminal (FIT) deployed a new appointment system in a bid to improve turnaround times for reefer drivers. The appointment system is part of a previously announced expansion at […]
Each lane of the new ramp, opened earlier this month, operates six days a week and offers two- to three-day transit times to New Jersey and Massachusetts.
In partnership with Carggo… small freight brokers now have a white-label solution for automated load matching.
England Logistics has partnered with Trucker Tools to streamline operations and provide real-time visibility to customers, allowing the company to eliminate many broker inefficiencies.
Year-to-date U.S. rail volumes fell again amid a loosening truck market, receding floodwaters in the Midwest and overall economic uncertainty.
The American Trucking Associations will steer clear of the fight over longer-combination vehicles
Intermodal giant sees rail and truck as better than option than truckload into
An additional $300 billion in proposed U.S. tariffs against China could result in lower railroad freight volume , but economic uncertainty and competition from trucks appear so far to be bigger threats for rail volumes.
You may have to become a super-shipper of choice. Don’t underestimate Walmart
2019 is shaping up to be the worst year for trucking in the past five years.
The Trump administration is considering levying tariffs on the remaining $300 billion of Chinese exports to the United States so far unaffected by duties. Freight Intel, FreightWaves’ proprietary research group, […]
Beemac Logistics, a Beaver, Pennsylvania-based transportation and logistics provider, has opened a new office in Houston to better serve clients in the region, said chief commercial officer Michael Ceravolo. Beemac […]
In partnership with Slync… data from across the supply chain must be integrated and automatically pushed to decision-makers.
The port agency for Seattle and Tacoma is encouraging terminals to use extended hours, “peel-off” piles and street turns to ease congestion.
The Port Authority of New York and New Jersey said this week that it is ready to be the second largest port in the U.S., thanks to the completion of […]
U.S. rail volumes trended downward again for the week ending June 15, with weekly volumes falling over 5 percent and year-to-date volumes declining nearly 3 percent, according to the latest data from the Association of American Railroads.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
The industry is at “a new crossroads,” according to the co-author of a state of logistics report titled “Cresting the Hill.”
The report showed further deceleration in the freight markets in May and warns an economic contraction could be underway.
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
With a strong start to the year, the port says it is poised to overtake the Port of Long Beach as the nation’s second-largest container port.
The US logistics industry is making strides in overcoming macro volatility by a focus on IT improvements and shipper-carrier relationships
A study projects the state’s seaports to increase cargo tonnage by more than 32 million tons in the next five years to 142.4 million tons in fiscal year 2022-23.
Market expert Jim Blaze writes about the movement of coal by rail. He explores the history of rail-coal; more importantly, he writes about what the future may hold for coal in the U.S. and how that will impact the railroads.
New incentives for container shipping could bring more boxes through the canal to the U.S. East Coast.
Shippers in the maritime market can choose between a carrier-owned container or a shipper-owned container, with each business model holding certain advantages over the other based on availability and the freight corridor in question.
The Federal Railroad Administration is awarding more than $326 million in grants to help states and localities repair, maintain and build rail infrastructure supporting freight rail and intercity passenger rail.
The Port Infrastructure Development Program makes $200 million available for all coastal seaports and an additional $92.7 million for the top 15.
Flooding impacts, cheap natural gas prices, and trade and economic uncertainty could be factors contributing to a significant slump in weekly U.S. rail volume.
Nicholas Press, Founder and President of CEC Systems, explores the maritime industry’s problem with empty containers and explores potential solutions to deal with them.
Today on FreightWaves NOW, we hit reefer volumes and seasonality action out West, intermodal and rail year-over-year updates, and a jobs report.
AllianceTexas will now have a mobility innovation zone for companies to test their futuristic transportation technology before commercial deployment.
Railroad market expert Jim Blaze writes about the movement of chemicals by rail and how that sub-set of railroad traffic is profitable and may grow significantly in the near future.
We look at the trucking futures forward curve, Morgan Stanley’s index, the Coyote Curve, and projections from Susquehanna.
The Port of Los Angeles expects cargo volumes to dip in the coming fiscal year due to the fall-off from last year’s front loading of containers and the potential impact […]
Honors also go to Air France KLM Martinair Cargo, Amsterdam Airport, Brim Explorer, CHAMP, Dropslab, NYK, Schneider, Sovcomflot, UltraShip and Werner drivers.
Both container and bulk terminals have a large number of projects planned.
“It’s just a confusing time for all of us in transportation and anybody in manufacturing or business in general to have a really good sense of why we’re seeing this kind of softness,” said CSX chief executive officer Jim Foote.
The Port of Long Beach can be a challenge for truckers, even during the slow season. But the port and its tenant marine terminals are looking to software to ease […]
U.S. intermodal volumes fell 5.9 percent in May, while carloads fell 2.1 percent amid economic uneasiness and uncertainties surrounding U.S. trade between Mexico and China.
“June is a big month in the second quarter historically…and if we don’t see it here in the month of June you really have to question what we are going to see in July and August,” said Rourke.
Trade growth, demography and land use changes in the city of Melbourne, Australia, have made necessary a shift of freight from truck to rail, according to an analysis by Melissa Horne, Victorian Minister for Ports and Freight.
Nearly C$50 million from the Canadian government will allow more cargo to move between terminals via rail, while rerouting rigs away from eastern city’s downtown.
Canadian National’s (NYSE: CNI) strategy to build up its eastern network could include even more partnerships with trucking and intermodal partners, the company’s chief executive officer said at an investor conference.
The Port of Savannah aims to boost its market share of freight moving into the U.S. Midwest, saying it offers a cheaper way into the Gateway of the West than […]
The purchase is the latest in a string of acquisitions the company has completed in the past five years.
Honors also go to Dayton Freight Lines, Manhattan Associates, Southeastern Freight Lines and TQL, and Port of Long Beach scholarship recipients are announced.
The port and the St. Louis Regional Freightway are seeking to form a relationship to explore opportunities that support growth in both cities.
For the second year, FreightWaves will co-sponsor Dynamo VC’s Founders Camp.
Locks are closed, tons of grains can’t get to ports for export.
Canadian transport firm says cross-border truckload and intermodal division had struggled with weak freight market in Northeast U.S.
FreightWaves is proud to deliver 24/7 news, data and industry insights, and now, as an extension of the FreightWaves brand, we’re combining the events previously known as Transparency and MarketWaves […]
Hong Kong-based Hutchison Ports, Canadian National Railway and the Port of Quebec say they will partner to build a $775 million deep-draft container terminal.
U.S. rail volumes tumbled 6.7 percent for the week ending May 25 as slumping intermodal volumes dragged total volumes lower. Softness in the housing and manufacturing sectors could be contributing to lower U.S. rail volumes year-to-date.
LTL carrier Averitt Express has opened a large international DC near Port of Savannah to manage increased volumes at the port
DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation […]
Union president calls the move “a reckless, irresponsible and needless decision that will undermine the economy.”
Total number of trains carrying loads, total number of trains held both increasing as Great Plains flooding washes out tracks.
A report indicates that the EU is slow to adopt alternate truck fuels. Indian logistics startups are flourishing. Chinese logistics firms that help Chinese businesses relocate are winners in the US-China trade war.
Prologis and Blackstone Group are both trying to acquire the U.S. warehousing portfolio of GLP.
As rate pressure eases, conditions for shippers continue to improve.
Volumes took a nosedive after the tariffs increased and are starting to recover slightly, but the damage may already be done.
U.S. rail volumes fell again for the week ended May 18, while Canadian volumes grew, according to the latest data from the Association of American Railroads. The theme of higher U.S. carloads but lower intermodal volumes was also expressed by CSX this week.
Regulators frustrated by carriers’ lack of candor in justifying service fees
Shippers tell Surface Transportation Board they’re unfairly charged for unrealistic cargo equipment deadlines established by the Class I railroads’ network changes.
This article brought to you courtesy of NEXT Trucking Intermodal and drayage carriers are seeing a drop in demand about midway through the second quarter. The U.S.-China trade war gets […]
Join us today on FreightWaves now where we talk about weather across our fair land and what is happening in Tulsa. Also we talk about intermodal and what is happening with rates and warehousing.
The three stocks get an upgrade not just on Cowen’s optimistic view of the market, but by how much their prices have been hit.
FreightWaves SONAR now features railroad-related data from Commtrex. The article provides insight about the Commtrex, the data it will provide to SONAR and how SONAR users will benefit from it.
Market expert Jim Blaze explains the economics behind railcars. He also provides information about the various types of railcars and what market conditions the railroads are facing as they seek to “right-size” their fleets.
A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for […]
