Intermodal

Storm expected to impact third and fourth busiest container ports on U.S. East Coast.

Third-largest container port on East Coast will close operations ahead of Florence’s expected landfall.

As the residents on the East Coast prepare for the potential of the largest storm to hit the coast in two decades, logistics professionals should prepare for the disruption it will mean to their networks

Container carriers have tried integrating ocean and overland transportation before; it may have a better chance to catch on now thanks to supply chain technology advances.

As the residents on the East Coast prepare for the potential of the largest storm to hit the coast in two decades, logistics professionals should prepare for the disruption it will mean to their networks

Andrew Silver, freight prodigy, is running the hottest brokerage in Chicago, K & L Freight doubles down on data analytics and financial services, Autonomous vehicles, crowdsourcing, drones and even humans are all seeking a place at the last-mile table, BNSF intermodal facility on hold as Port of Los Angeles and City ponder next move. JP and Chad discuss all this and more on this week’s episode.

In today’s pickup: J.B. Hunt and marijuana testing; a court case about something that doesn’t exist; another FMCSA listening session

Mode’s relations with asset-based firms will be critical for its survival, says ex-Hub Group principal Brian Bowers.

The Southern California International Gateway is no nearer completion 13 years after it was first proposed.

A search for Molly Campbell’s replacement will get under way following her acceptance into leadership program as a university fellow.

Combined carload and intermodal shipments have grown 4 percent year-over-year through August.

A Norfolk Southern executive suggested that the company’s management will have a lot to talk about on its next quarterly earnings call.

Advent Intermodal Solutions (www.adventintermodal.com), a leader in information technology and cloud-based software solutions for port and terminal operators and landside logistics, has joined the Blockchain in Transportation Alliance (BiTA).

With higher fuel prices, driver tightness and a strong freight market, the rail option is looking good, and they’ll celebrate it in Long Beach September 16-18.

Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.

Proceeds will be used for “acquiring high-quality businesses.”

For the trucking market, the third quarter has been stronger than the second, but no one would know it

Hub Group was looking at alternatives for Mode Transportation

Marketing executive says reforms to trade deal take uncertainty from local customers.

It looks like the freight market is waking up from the long running summer doldrums, or is it just a byproduct of the pre-holiday shipper procrastination.

Spot markets register tightness in vessel capacity as peak shipping season is only just starting.

“Visibility of terminal operations has improved considerably.”

This informative infographic highlights the value and benefits of intermodal.

Intermodal EXPO will take place September 16–18, 2018 in Long Beach, Calif., and is the largest gathering of the intermodal supply chain.

Technology firms aim to ease process of managing multiple carriers in regional markets.

Focused on intermodal haulage, the company aims to open the market to more small truckers.

Peak shipping season is just starting and experts see no let up in freight demand.

SONAR’s new index shows the cost difference for Asian exporters moving goods into East Coast or West Coast ports. When combined with trucking spot prices, the Panama spread helps explain recent shifts in trade flows.

Shippers weigh their options as they face a more challenging peak season.

The Kansas City-based company provides refrigerated intermodal services across the United States.

How a New York Jets’ tackle came to invest in FreightWaves. Where’s Bezos? Top 5 places Amazon HQ2 will land according to SONAR. FMCSA to open debate on HOS regulation revisions. Intermodal trucking takes up fight against U.S. tariffs aimed at equipment. JP and Chad discuss all this and more on this week’s episode.

Uber Freight is gobbling up $500M per year; the US and China hit each other with a new round of tariffs; Georgia Ports extends its inland intermodal network; Saudi Arabia’s Aramco IPO indefinitely delayed; cannabis supply chains mature; Houston is now an oil exporter.

After a soft opening earlier this month, the Appalachian Regional Port is officially open for business. The new inland terminal is located in Northwest Georgia and is set to service customers from four surrounding states.

Escalating tariffs and shrinking capacity are among the daunting issues supply chain professionals face.

The Appalachian Regional Port provides an alternative to an all-truck dray to and from the Port of Savannah.

The logistics software solutions provider adds 22 companies and grows profits by more than $8.5 million.

US-China trade talks have stalled as trucking parts and equipment listed in next round of tariffs

Transpacific container rates continue to gain momentum; UPS files blockchain patent applications; Uber is uncertain about self-driving cars; Elon Musk doubles-down on ‘no sleep’; cautious optimism for US-China trade talks lifts equities markets; container lines expect profits in the back half of 2018.

BNSF Railway, Alliance Shippers and FreightWaves will provide insights during American Shipper program.

Capacity crunch could curtail growth.

US Southeast ports to be served by bigger, more modern chassis pool.

Springfield, Illinois hits Walmart with a $50k fine for allowing truck parking. Safeway delivery drivers make history with a newly ratified union contract. We interview Senator Bob Corker about Trump’s tariffs. 162 transportation and logistics companies make the 2018 Inc. 5000 list. JP and Chad discuss all this and more on this week’s episode.

Conglomerate reports an $85 million loss from continuing operations, plans to spin off drilling company.

WiseTech CEO Richard White’s consolidation moves continue with intermodal specialist Trinium.

The Cass indexes are showing no signs of a freight slowdown, despite some concern that a peak may have been reached.

July figure marks the largest year-over-year increase since 2011.

Trinium Technologies is a Los Angeles-based intermodal trucking software provider.

Purchased Southern Counties Express has been serving California ports for more than 25 years.

Railway and railcar repair company announce senior management promotions; industry veteran joins board.

This week’s freight market continues the same patter toward stability, but volume remains steady as we move towards a more volatile time of year.

Ships becoming increasingly electrified, US retail is rising, and crude oil exports to China have come to a halt.

Intermodal tightness has pumped the hub of hubs, the Chicago freight market especially on lanes paralleling major railroads; meanwhile a minor heatwave in St. Louis may have been behind a massive surge in reefer turndowns.

Leadership changes are announced, promotions are carried out and key roles are filled.

Universal is bullish on its intermodal division, and the Southern Counties acquisition will allow it to expand its footprint in that area.

‘Work hard, play hard’ with a purpose: Redwood Logistics employees competed to raise money for a charity pairing up struggling combat veterans with horses in a therapeutic wilderness setting.

Commentary: Without a regulatory framework, deterioration, diversion and dysfunction will remain.

Company sees sharp increase in volumes but lower freight rates and higher fuel costs.

As roadways get more congested, the US DOT looks to Marine Highways for relief.

Both countries released lists for planned tariffs to take effect Aug. 23, which would bring the total to $50 billion in tariffs imposed by each country.

Never the trains shall meet as CSX’s intermodal changes rile UP service.

There will be a West Coast gold rush for trucking spot rates. SONAR data is suggesting that trucking spot rates will surge out of Los Angeles, reaching new highs.

The class 1 railroad owned by Berkshire Hathaway had the worst OR of any of the class 1 railroads for the second quarter.

Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.

A trucker hands over documents to a US Coast Guard petty officer at the Port of Baltimore.

Borderless Coverage allows brokers and freight forwarders to instantly secure Mexican cargo insurance for loads at about half the cost with the click of a button, removing barriers to international trade.

The Americans for Modern Transportation is speaking out against the American Short Line and Regional Railroad Association’s push for tax breaks.

The moves are designed to eliminate “bureaucracy and long-standing silos.”

USTR finalizes 25 percent tariffs on $16 billion worth of Chinese goods.

World’s fifth largest ports operator steps up its logistics services with acquisition of short-sea and intermodal operator Unifeeder.

XPO Logistics’ CFO Hardig resigns; Shanghai – Los Angeles container rates spike; watch heavy haulers move SpaceX rockets; Canadian National publishes its first annual ‘Grain Plan’; meet the teen who rides in a self-driving Waymo vehicle every morning.

MercuryGate International, Inc., a leading provider of transportation management system (TMS) solutions, announced today that the company has joined the Blockchain in Transport Alliance.

Sponsored by LaunchIt Public Relations…Kristy Knichel, CEO and president of Knichel Logistics, briefs readers on the biggest transportation trends to be on the lookout for in the coming years.

AAR senior VP says despite the continued strength of the U.S. economy, recent trade policy moves could have a negative impact on freight rail volumes.

The multimodal transportation service provider plans to use proceeds from a potential sale toward new service lines, existing businesses and technology.

Growth in North America attributed to higher fuel prices, lack of truck capacity and strong economic performance.

XPO Connect, linking carriers and suppliers on a voice-activated phone app, has been a success for XPO beyond its earlier expectations.

Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.

Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.

The Hong Kong-based containership leasing giant’s net earnings shot up 140.5 percent.

Stifel’s super-team of equities analysts took a hard look at trade war risk for carriers in every mode and various types of logistics service providers. Dry bulk maritime is the most exposed, while air cargo is the least. Railroads and intermodal carriers like JB Hunt and HUB Group also have significant risk.

The global third-party logistics provider’s net income jumped 43.3 percent year-over-year in the second quarter as revenues climbed 15.3 percent.

PEIR uses blockchain and digital image technology to allow users to prove they are not liable for container and trailer damage.

The former head of innovation for Bridgestone has been appointed as Managing Director of Freight.Tech, an engagement platform built for companies that want to navigate the waters of innovation and market disrpution.

Government-owned company’s CEO says Ashcroft Terminal offers an entry point into North American market and opportunity to increase intermodal and inland container depot operations.

Keith Lovetro will be succeeded by Jennifer Polli on Wednesday.

All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated

Ruest and Owens named CEOs; Krishnamoorthy hired as VP of engineering.

The U.S. truckload operations of TFI are mostly at CFI and Truckload America, and both had stronger quarters.

FreightWaves spoke to GlobalTranz Chairman and CEO Bob Farrell about what made the tech-oriented 3PL attractive to The Jordan Company, the outlook for the current M&A environment, and staying disciplined in a period of “stupid multiples.”

Fuel remains among the largest costs for both carriers and shippers but based on the current practice of using a fuel surcharge to mitigate volatility in pricing, both parties remain at risk of ending up on the losing end of the deal.

Raising of Bayonne Bridge helped drive increase in container volumes.

The asset-light trucking company’s second-quarter net income jumped up 67 percent from last year.

Tennison promoted, Coleman hired and Egoscue elected.

Covenant Transportation Group (NASDAQ: CVTI) reported a total revenue jump of 19.5 percent to $196.3 million in the second quarter of 2018 during its earnings call Thursday. The company also posted a 17.2 percent increase in freight revenue to $170.6 million year-over-year.

The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.

Georgia Ports Authority and South Carolina Ports Authority say their goal is to increase supply and quality of chassis.

The Norfolk, Va.-based Class I railway posted diluted EPS of $2.50 per share, beating consensus estimate by $0.19 per share.

Knight-Swift Transportation Holdings (NYSE: KNX) reported revenue growth and rising income across much of the company, with the notable exception of Swift’s refrigerated segment, during its second quarter 2018 earnings call.

CEO, SVP, sales director and consultants appointed.

The improved Operating Ratio posted by Norfolk Southern wasn’t enough to stop analysts from asking about its comparison to that of CSX.