CEO Frank McGuigan and CTO Jim French discussed customer-oriented technology, trends in digital brokerage, M&A, and the future of managed transportation.
The still-high operating ratio came in for criticism while management says it will reveal all on February 11.
CEO Brandy Christian credits the Panama Canal expansion and growth in exports.
Port’s growing base of automotive and other shippers needs better way to move freight as traffic woes mean Charleston is ‘not as quaint.‘
Hard commodity volumes were mixed, but intermodal and coal are better; pricing is the best in seven years.
Port plans new wharf for container-on-barge service that has been slow to take off elsewhere; container imports show big December jump.
It was a great quarter for the railroad with revenue growth in all its product lines and increases in both operating and net income.
Covenant Transport (NASDAQ: CVTI) reported record revenue in the fourth quarter, beating analyst projections by $10.72 million. The company announced $272.3 million in total revenue, a 33.9% increase compared to the fourth quarter of 2017.
Freight volumes coming into U.S. remain high in January, but delays and congestions turn trips to major marine terminals into ‘madhouse.’
A company that’s been doing it, a company that says it’s going to be doing it and a company that is being affected by others doing it: that was the theme on three calls about precision railroading.
Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.
Net earnings for 2018 totaled $490 million, down from $686 million in 2017.
$2 billion in capex over the next ten years will nearly double Savannah’s container traffic to 8 million TEUs annually.
More than a foot of snow could fall in parts of the Northeast this weekend. Areas of ice, too, in major cities.
Surprise fees for practice that reduces congestion at ports and improves driver turns amounts to ‘dirty pool’ on part of the steamship lines.
Intermodal is about half the business. It saw its volumes decline but overall grew its revenue.
Analyst Bruce Chan at Stifel praises the reorganization at the company that suffered an accounting scandal and sees the base being laid for future growth.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
Facility has been frequent target of labor action and drew attention of local politicians, who tried to evict third-party logistics firm.
The operating ratio—strong enough in the third quarter that it can be argued it was earth-shaking—weakened slightly but was still ahead of the fourth quarter of 2017.
Australia is carrying out a series of large scale studies into its domestic supply chain; one study currently underway is into the nation’s freight data requirements. (Photo: Shutterstock).
Infestations of the brown marmorated stink bug found on ships en-route to Australia are causing havoc with local supply chains. Bugs are breeding, ships are re-routing, trucks are idling and supply chains are collapsing.
There is growing interest in interchanging equipment between importers and exporters at locations other than marine terminals and container yards.
UPS names president of supply chain solutions; Imperial Logistics selects chief commercial officer; and CII appoints executive director and senior adviser.
Once-manual process now automated, offering some relief to shippers having to fetch empty containers at congestion plagued ports.
The carrier will use the Belgium-based service to approve the triangulation of containers in the United States and Canada.
Economic and freight indicators are mixed, with some suggesting a downturn is coming, but others pointing to continued growth.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
Auto parts imports could take a hit as vehicle sales slow; Japan makes its own play for African port supremacy.
Overall import growth mean more freight all around, but high drayage costs and better service bringing more boxes to rail.
Chief executive officer appointed and board of directors elected.
Penalty will make congestion and air pollution worse, say truckers and shippers.
The U.S. – China trade war continues to disrupt freight movements into the new year.
Nonantum Capital Partners said it is partnering with company founders Ken Kellaway and David McLaughlin to recapitalize the intermodal drayage provider.
Commentary from ISM’s monthly survey makes it clear that manufacturers are blaming tariffs. Job openings fell to 6.9 million in November, down from 7.1 million in the previous month.
Keith Lovetro comes out of retirement to lead supply chain management company.
The spike in revenue per driver per week came alongside record container volumes at the Los Angeles, California ports. Both Los Angeles and Long Beach experienced a standout October in terms of loaded inbound container volume.
Once dependent on drayage to move boxes to rail, GCT Bayonne now has near-dock rail to speed shipments to U.S. hinterland.
The Port of New York and New Jersey hails the advancement of its five-year strategic goal to handle more than 900,000 rail lifts a year.
Price impact of low-sulfur fuel may not be as bad as feared, but still remains unknown; I-5 bridge remains a chokepoint for trucking.
Record intermodal shipments on the rail for the second year in a row has deep implication for the trucking market into 2019. Trucking will benefit, at least partially, from Norfolk Southern’s latest decision.
SecurSpace develops Airbnb-like model for container storage as intermodal hubs getting tighter on space.
Plus: Truckers dis grocers, Nancy Pelosi to champion infrastructure and tech leaves its heart in San Francisco.
Freight lobbyists are banking on leadership changes in the 116th Congress to pave the way for infrastructure financing that stalled during the first half of Trump’s administration.
Container lessors board elects a chairman; four industry veterans get promotions.
BlueWater Reporting takes a deep dive into the Mississippi River’s importance in global commerce and the future of container vessels on the waterway.
The Fashion Jewelry & Accessories Trade Association will join the Fashion Accessories Shippers Association as part of Gemini Shippers Group.
Locating intermodal assets and identifying which of those assets is available for use is one of the key attributes of Phillips Connect Technologies’ Intermodal Smart Solution.
Joplin, Missouri-based Contract Freighter Inc (CFI) will “assume responsibility” for Chicago-based freight transport company, Optimal Freight, at the start of the New Year. Financial details of the transaction are not available at the time of writing.
The ELD mandate, tough to find drivers, going the last mile, precision railroading…the most intriguing stories of 2018.
China’s government is making the port-city of Xiamen, in the south-east of the country, one of the main nodes oin its 21st Century version of the Silk Road. A major new initiative involving ports, road transport, maritime carriers, rail transport, common-marketing, a logistics single trade window and many other features are being set up in the City.
TRAC Intermodal says inventory optimization as well as new and added equipment have eased shortages.
‘Tis nearly the season now for reverse logistics, but meanwhile retailers and parcel carriers are delivering strong results along with signals of steep changes in sales and shipping patterns this holiday season.
The largest U.S. terminal operator and stevedore gets 50-year lease for terminals at the Port of New Orleans and will invest $66.5 million in infrastructure and equipment.
No signs of a broader downturn, but the month-on-month numbers are generally a little weaker.
Terminals being hit with heavy volumes because of tariffs at a time when many longshoremen are taking vacation.
Project first suggested in 2002 may yet go forward as Port of Baltimore vies for hinterland freight movements.
The charges are growing but there are signs that this lengthy dispute may be coming to an end.
XPO Logistics has disputed the content of a report from Spruce Point Capital Management, a noted short-seller of stocks, that claims XPO has “perpetuated a massive financial scheme on the public.”
Amazon’s project, expected to be completed in late 2019, is significant in that it will be Amazon’s first regional air facility, and will be the first the company will build from scratch. It may also take on added significance because of the vast logistics ecosystem of which the airport is a part.
In partnership with Blume Global… In our view, increased digitization can make drayage markets more transparent and improve asset utilization, making carrier offerings more attractive on both a cost and service basis.
An Eaton clutch defect leads to a recall of International truck models and other OEMs may have to follow suit, plus Amazon Air takes off and intermodal growth being driven by inland ports.
Built in the 1960s, the port needs more than $1 billion to replace old docks and remove what it says was earlier botched construction work.
A major port operator in Australia is being sued in the nation’s Federal Court by the national competition watchdog, alleging an anti-competitive deal with a state government.
Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.
Main U.S. maritime agency’s probe into practices of ocean carriers and terminals winds down, but no changes yet seen.
Winter Storm Diego still on track to ice over parts of the South and sock in areas with heavy snow. Significant disruptions to supply chains and travel expected.
Company makes fourth acquisition in 2018.
The company takes delivery of five FUSO eCanter medium-duty box trucks.
Company makes first acquisition in its history and creates a global footprint.
Canadian province tackles stricter driver training and Chinese goods to Europe move along the world’s longest freight route. Plus Uptake takes innovation award and improving truck driving jobs.
Mercitalia, Italy’s largest freight railway company has unveiled ETR 500, a high-speed cargo train that connects Bologna with Naples. Authorities state that this would negate 9,000 truck trips annually, cutting nearly 80% of carbon emissions associated with carrying an equivalent load on road.
“The Northeast Georgia Inland Port will be situated in the heart of the manufacturing and logistics corridor along Interstate 85” in Hall County, says Gov. Nathan Deal.
Big ships, bigger plans in store for Savannah
Facility designed to link inland businesses with Savannah port through dedicated rail service
Is the economy still healthy? Are people still making things, shipping things, and buying things? According to the railroad car data, the answer is a definitive “Yes.”
Since its founding in 1935, Schneider has only known three leaders: founder Al Schneider, his son Don Schneider, and Chris Lofgren, the first non-family member to lead the company. Come April 2019, you can add the name Mark Rourke to that list.
The company lined up about $350 million in financing and cites acquisitions and debt payments as the core of its plans.
The National Academies of Science has identified seven core research areas that it said could help DOT determine possible changes to truck size and weight.
Venture to allow Hunt customers to access all truck carriers on one interface
How much of the strength is pre-tariff purchases? How much of the talk of weakness is “on the other hand” economics?
Funding aims to keep Port’s market share as more freight moves to intermodal and off the roads.
After making its first acquisition last year in a quarter-century, the company could be in the market for another one, according to CEO John Roberts.
Trucking executive points to final mile delivery as draining driver pool, so think about that on Cyber Monday.
The decision in favor of Horizon turned on a narrow question of where one of the employees’ case should be heard.
Executives from MoLo, Steam, and Arrive gave insight into the complexity of West Coast freight market volatility, which goes beyond tariffs, and talked about how brokerages and shippers are responding.
The commission remains concerned about how terminal operators of the West Coast MTO Agreement will apply the joint fee pricing process.
Good times at U.S. ports not expected to last as world’s largest shipping line warns trade war will rear up at start of next year.
2018 may have seen tight capacity and the strongest economy on record since the Great Recession, but what will 2019 look like?
Deutsche Post DHL Group (XETRA: DPW) has taken a new approach to recruiting driving in Europe: offering to rotate them out of driving roles. Following a record-setting September, fleets continued to order trailers at near-record rates in October.
The Cass Truckload Linehaul Index reached another record high in October while the company’s Intermodal Price Index points to rising intermodal costs.
Blockchain solutions, improved interfaces, artificial intelligence and a tool for the intermodal business.
China’s imports record strong third quarter with October data also suggesting more goods on the way.
Ontario California has toppled the Atlanta market, the reigning capital of freight volume in the country. Surging volume is to blame. How long will the elevated volume last?
The dispute sheds light on the extraordinarily secretive process governing the intermodal agreement.
Lows water levels are seasonal, but this year has been record, impeding low-cost barges and favoring high-cost trucking.
Blockchain, driver squeeze solutions…it’s all here in the list of these presenters.
Rail and truck demand a secondary casualty in trade dispute.
Chassis lessor says acquisition will enable it to control tire quality and cost.
Trump sees path forward with Democrats on infrastructure.
