Truckers, fleet managers, and brokers face any number of regulatory tasks, load optimization and business decisions every single day. Add to that the decision on which technology, software or service […]
As ocean carriers bring in ever-larger container ships to the U.S., the Port of New York and New Jersey says it is ready to handle them. Last week, the YM […]
Shuttle trains now move ocean containers between the Oregon port’s Terminal 6 and Seattle and Tacoma following a series of labor disruptions and shutdowns.
Rail congestion in regions such as Chicago and Houston may have eased for now, but the railroads will still need to find ways to increase capacity at those busy city locations as the U.S. population grows, Class I railroad executives said at an investor conference this week.
A Senate committee on Wednesday approved the Maritime Administration Authorization and Enhancement Act, legislation introduced by Rep. Roger Wicker on Tuesday.
Executives with eastern railroads CSX and Norfolk Southern expressed confidence this week that they can compete alongside trucks for e-commerce business.
William J. “Bill” Shea Jr. will receive the 2019 Connie Award and J. Christopher Lytle will be honored with the Lifetime Achievement Award in California in September.
Canadian rail volumes rose again year-to-date for the week ended May 11, while U.S. rail volumes continued downward amid U.S. tariff uncertainty and a fuzzy economic picture.
Rail market expert Jim Blaze discusses how FreightWaves SONAR can help determine how best to ship freight.
Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.
Haven is introducing a track and trace solution that is both affordable and seamless to integrate within shipping workflows.
While the degradation was seen across most sectors, the transport sectors saw large declines.
Forward Air names Chris Ruble COO, Matthew Jewell chief commercial officer
A number of rail equipment lessors and manufacturers have been merging and consolidating in recent months as a way to leverage themselves against marketplace changes brought about by precision scheduled railroading. Meanwhile, industry observers are watching whether railcar utilization grow in 2019.
Australian integrated logistics provider Qube (ASX:QUB) has acquired Brisbane-based crane-hire provider, mining-related logistics services provider and truck-operator LCR Group for A$135 million (US$94.14 million).
Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 […]
A Canadian National (NYSE: CNI) subsidiary has acquired the intermodal assets of Alberta-based H&R Transport, a company that specializes in the over-the-road, temperature-controlled service. The acquisition will expand CN’s presence […]
On stage at Transparency19, FreightWaves CEO Craig Fuller unveiled SONAR 4.0 (video included).
Canadian Pacific (NYSE: CP) and Canadian National (NYSE: CNI) both moved record volumes of grain in April, following a harsh winter that sometimes curtailed rail shipments. Canadian National said on […]
Over the last decade, J.B. Hunt has not only tripled in size, but has evolved from a big truckload and intermodal operator to offering dedicated services and what has turned […]
When Paul Svindland took over as CEO of Celadon Group (OTCPink: CGIP) in the summer of 2017, he was stepping into an operation that had been riddled with financial concerns […]
The afternoon block of freight technology demonstrations at Transparency19 in Atlanta May 6 brought home the value of information technology in optimizing the basic blocking-and-tackle functions that could make or […]
It’s been busy in Australian trucking. A hostile takeover bid has succeeded, subject to shareholder and regulatory approvals. An innovative Aussie manufacturer has invented a new kind of intermodal tanker for dangerous chemicals. This, and more, in Down Under Trucking.
Union Pacific (NYSE: UNP) announced which intermodal terminals it would close around Chicago, Illinois, weeks after hinting on its first quarter earnings call that it planned to consolidate operations there. […]
J.B. Hunt is transforming into a truly mode-agnostic capacity provider.
Launching this summer, 360box will introduce a pool of 500 additional 53-foot trailers businesses can reserve for drop-trailer purposes.
Increased visibility throughout the supply chain could help improve the length of haul from the OEM to the dealership, speakers said Tuesday at the JAXPORT conference.
J.B. Hunt Transport has consolidated its sales, operations and customer support functions for its Mexican subsidiary in a new office in Santiago de Querétaro, Querétaro, Mexico.
April rail volumes fell year-over-year but rose slightly from March 2019, the Association of American Railroads (AAR) said on May 1. But the AAR predicted that improving economic conditions could lead to rail volumes stabilizing or growing in the second half of the year, although some uncertainties still persist.
Schneider National, Inc. held a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.
Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.
Duty drawback programs and foreign-trade zones are two options, speakers said during a JAXPORT conference, but there are other ways to lower the financial obligation.
Today on FreightWaves Now, we look at the snow out west and tornadoes in the southwest. What is happening on the intermodal side of things? Tune in and find out!
Gains in international intermodal offset by losses in domestic container and trailer moves.
The conversion to become IMO 2020 compliant is expected to happen in the fourth quarter.
Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.
Strong bottom-line offsets some volume sluggishness.
Widening margins in NAST, especially truckload brokerage, led the way for Robinson.
Genesee & Wyoming, Inc. reported adjusted earnings per share of $0.78 for the first quarter of 2019, which were 11 percent better year-over-year, but less than NASDAQ’s consensus estimate of $0.83.
CEO Eric Meek and COO Danny Williams — who pleaded guilty to securities fraud last week — are no longer with the freight payments company.
A chief operating officer is hired and board members are elected.
U.S. soybean exports have fallen in the past year in part because of the drop in exports to China due to tariffs and swine fever.
Genesee & Wyoming, Inc. reported adjusted earnings per share of $0.78 for the first quarter of 2019, which were 11.4 percent better year-over-year, but less than the consensus estimate of $0.83.
Overseas Orient Container Line (OOCL) has sold its Long Beach Container Terminal for US$1.78 billion (HK$13.973 billion) in cash, it was announced today by OOCL’s owner, Overseas Orient International Ltd (OOIL; HKEX:0316). OOIL says that it expects to realize a gain of just under US$1.3 billion from the deal.
Canadian National Railway Company reported adjusted earnings per share of C$1.17 per share for the first quarter 2019, 17 percent better than the same period a year ago.
The Port of Boston invests in marine terminal infrastructure to handle regional cargo going on and coming off increasingly larger containerships.
Canadian trucking company Bison Transport acquired all of the intermodal assets of Indianapolis, Indiana-based Celadon Group Inc. on April 26.
Amazon.com, Inc.(NASDAQ:AMZN) has launched a program to offer free one-day delivery to users of its popular “Prime” service, cutting its current delivery window in half and throwing down another gauntlet to retailers and logisticians across the country.
In partnership with Slync… Supply chain exceptions are being automatically moved toward resolution and visibility into the problem provided to all relevant partners.
South Korean ocean box shipping company, Hyundai Merchant Marine, and Russian far East intermodal box transport specialist, FESCO, have announced a series of changes to their Russia-China-Korea shipping operations. Rail specialist FESCO has also announced extensive Russia-China rail services.
U.S. rail traffic dipped again for the week ending April 20, according to data from the Association of American Railroads.
Today on FreightWaves Now, Texas is under a storm siege. Intermodal rates are high even while volumes are slightly low. And a deep dive evaluation of what is happening with fuel?
Norfolk Southern (NYSE: NSC) expects to have the next stage of its new operating plan in place by the end of July. In this next stage, which Norfolk Southern dubs “TOP 21,” the railroad will seek to run heavier trains and have them run faster along some routes.
Knight-Swift Transportation reported adjusted earnings per share that were ahead of analysts’ expectations. FreightWaves was able to speak with David A. Jackson, Knight-Swift Transportation’s President and Chief Executive Officer.
World’s largest ocean freight forwarder sees volume growth thanks to Asian export markets and its niche plays in pharma and healthcare.
Intermodal business surges from acquisitions made during 2018.
Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.
In the second-part of its series on the Panama Canal, FreightWaves interviews a canal authority executive on trends for container-ship transits and expectations for ship size growth in the years ahead.
Today on FreightWaves Now, Texas is under a storm siege. Intermodal rates are high even while volumes are slightly low. And a deep dive evaluation of what is happening with fuel?
Women In Trucking Association (WIT) named Judy R. McReynolds, chairman, president and chief executive officer of ArcBest, the winner of the fifth annual Women In Trucking Association’s Distinguished Woman in Logistics Award (DWLA).
After two deadly crashes involving its 737 MAX rattled the company, Boeing (NYSE: BA) is expected to report its earnings Wednesday, highlighting the financial toll of the flawed aircraft.
Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts’ expectations of $0.52 per share.
The company posted an operating ratio (OR) of 66 percent, improving on its fourth quarter 2018 OR of 67.8 percent and setting a first quarter record.
“This past winter was one of the most challenging in my railroading career,” Canadian Pacific (NYSE: CP) president and chief executive officer Keith Creel said. “I applaud our employees for their resiliency in overcoming loss and pushing through extraordinary conditions and challenges throughout February and March. Our commitment to precision scheduled railroading [PSR] enabled a strong recovery, and gives us a solid foundation moving forward.”
Three states and several utilities will study the needs of electric trucks along the I-5 corridor to make long-haul electric trucks a reality. Plus, the future of Cummins, flex fuels, and are the Chinese taking our railway jobs?
Online retailer ramps up warehousing and ocean freight presence as part of meeting tight delivery window demanded by customers.
The funds will go toward expanding services in Louisiana and Virginia and supporting the development of a new service in New York.
Pay hike include Port of Vancouver drivers, who went on strike five years ago.
Market expert Jim Blaze looks at how rail freight volume has changed over the years and what the outlook is for the next decade. Learn what he thinks will happen to the railroad industry in its long-term competition with trucking to carry freight.
Amazon.com, Inc.’s volumes are so immense that the company has pitched tents to support its deliveries.
FreightWaves adds air temperature information as well as new fleet count data.
The maximum award size is $25 million and no more than $90 million can be given to a single state.
Changing distribution patterns could spell trouble for intermodal, report says.
Union Pacific’s (NYSE: UNP) first quarter net profit rose 6 percent amid company efforts to rationalize or reorganize existing assets to streamline operations under precision scheduled railroading (PSR).
Company is rebranded and key hires are made; freight payment industry veteran is picked up.
Higher coal and chemicals volumes drove U.S. carloads upward on a weekly basis for the first time since late February, according to the latest data from the Association of American Railroads (AAR). But despite that weekly gain for U.S. carloads, overall U.S. rail traffic still softened.
Today on FreightWaves NOW, a weather event is happening. We have an intermodal update. We prove how getting more sleep leads to more miles.
J.B. Hunt blames its earnings and revenue shortfall on weak intermodal freight volumes, harsh winter weather and concerns about possible tariffs on Chinese imports in its first quarter earnings report on April 15.
J.B. Hunt’s (NASDAQ: JBHT) earnings report have some questioning if the truckload (TL) carriers are likely to miss earnings now and how will the stocks perform moving forward.
Kansas City Southern (NYSE: KSU) said its first quarter 2019 net profits rose nearly 16 percent amid its ongoing transition to precision scheduled railroading (PSR).
CSX reported a first-quarter record operating ratio, and KSC said it achieved its best Q1 revenue.
Marten Transport posted its best-ever first-quarter operating revenue, operating income and net income in the company’s 74-year history in the first quarter of 2019, the company said in its April 16 earnings release.
CSX (NYSE: CSX) achieved an operating ratio of less than 60 percent in the first quarter amid continued efforts to employ precision scheduled railroading (PSR) throughout its network.
FreightWaves and the Transportation Intermediaries Association announced a program that will provide SONAR to TIA members and staff. SONAR is the leading data/analytics platform in the transportation industry.
FreightWaves Radio’s eighth national show was broadcast on Saturday, April 13 on SiriusXM’s Road Dog Channel 146.
Intermodal volumes fall by 7 percent, but a 10 percent increase in revenue per load helps the segment increase revenue by 2 percent.
J.B. Hunt’s earnings and revenues fell short of analysts’ expectations in the first quarter of 2019, causing its stock to drop 4 percent at the end of trading on Monday, April 15.
New trends in supply chain design have been tailwinds for the growth of the intermodal market, including the increasing length and complexity of global supply chains across modes and changing customer preferences tilted toward shipment velocity. Recognizing the opportunities afforded by a growing market, a host of small intermodal marketing companies (IMCs) have entered the space. But newcomer IMCs need better visibility into intermodal market conditions and shipment locations to be able to compete with high- volume incumbents. In this white paper, Blume Global and FreightWaves explore the current market forces driving the need for intermodal visibility.
Bethann Rooney is promoted to deputy director and Andy Saporito is named senior adviser for special projects.
Consolidated Chassis Management will run the chassis pool to give customers “a cost-effective and efficient supply chain that eliminates choke points and increases velocity.”
While tariff fight may not repeat itself, other factors that lead to drayage capacity crisis still in play for shippers this year.
The industry’s recruitment and retention problems are compounded by increased federal and state regulations, a competitive job market and time away from home.
Intermodal loadings fell by as much as 4 percent due to weather events impacting the western network, Todd Tranausky said in an FTR State of Freight webinar.
No pension hikes in the cards under the agreement.
Year-to-date rail volumes for every commodity except petroleum and petroleum products slumped last week in the United States, according to the Association of American Railroads.
Today on FreightWaves NOW, the blizzard explodes, intermodal looks at capacity on two coasts, and what is the latest ISM data telling us about the economy?
People in the Great Plains just can’t catch a break. After a “bomb cyclone” in mid-March slammed parts of Colorado, the Dakotas and Nebraska with heavy snow and destructive record-breaking winds – knocking out electricity to hundreds of thousands of customers – another storm is on the way this week. For an April storm, it may become historic for some places.
The projects in Illinois, Wisconsin, Tennessee and Louisiana are part of the Class I railroad’s $2.9 billion capital investment budgeted for 2019.
The technology company will focus on appointment-making, track-and-trace, and eliminating paperwork.
