According to the latest Cass Freight Index Report, the continued growth of shipments “is yet another data point confirming that the strength in the U.S. economy continues to accelerate.”
Port of Los Angeles says reforms are a “step in the right direction.”
Shipping lines need to reach agreements with GE Transportation in order for the PierPass 2.0 program to move ahead.
The Hong Kong-based containership lessor reported a net profit of $67 million for the quarter as revenues rose 11.7 percent to $244 million compared with the same 2017 period.
New Jersey governor sets up task force; California Supreme Court revises test for determining if a worker is an independent contractor.
The company even managed to cut purchased transportation costs, which is the opposite of what many others experienced.
CEO Bradley Jacobs reports “healthy” diversification of customer verticals and service lines, continued growth in e-commerce demand and a record $972 million in new business secured in the first quarter.
The multimodal transportation services provider is adding about 800 trucks and 4,000 containers.
Company expects improvements in core Hawaii and Alaska trade lanes.
Every new regulatory regime—whether it’s deregulation, the introduction of hours of service, or the ELD mandate—prompts a fresh wave of creative destruction. Some business models thrive, while others go extinct.
The first month of the second quarter is in the books. While the economy shows it is still going strong, there is some tempering in the freight market. Trucking companies are still uncertain with what lies ahead.
Chicago-based 3PL acquires freight management services division of ROAR Logistics.
Squeezed by higher demand for its services and the need to hire outside capacity in a tight market.
Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.
Initial work will make the narrow-gauge rail line system technically and economically operable.
TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.
NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.
The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.
The year 2018 is shaping up as one not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.
The weekly service was discontinued in 2005 following Hurricane Katrina.
Knight-Swift’s revenues stabilized despite fewer trucks and shorter length of haul, and the two brands managed to increase their efficiency and improve operating ratios.
Becoming a “shipper of choice” is a decision. It doesn’t just happen. This infographic highlights 5 ways shippers can achieve this elusive title.
Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.
Truck tonnage fell for the second consecutive month despite generally solid economic conditions. Responses from survey data suggests that the freight is out there, but capacity is preventing tonnage growth
The U.S. Department of Transportation has opened applications for $1.5 billion in discretionary grant funding through the newly rebranded Better Utilizing Investments to Leverage Development (BUILD) Transportation program.
Progress is being made on meeting the concerns of the Surface Transportation Board: execs
Officials from the French Atlantic port have proposed more than 500 million euros (U.S. $613.5 million) in investments following a 14 percent increase in container traffic in 2017.
The intermodal equipment provider and chassis pool operator has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to the development of blockchain for the freight transportation industry.
Hapag-Lloyd explores priority container freight; CSX raked in Q1 profits; aluminum prices are turbulent; UPS launches Groupon-like discounts for retailers; project44 raises $35M in Series A.
Positive news from both manufacturing and construction sectors, as gain in each help drive up freight demand in the economy
NFI, a leading supply chain solutions provider, recently became a member of BiTA.
The Lowell, Ark.-based intermodal and trucking provider saw its profits climb 15 percent to $118.1 million as revenues and intermodal volumes increased 19.6 percent and 6 percent, respectively.
The company takes in less revenue, makes more profits and is off a federal watch list.
There’s a lot at stake for shippers, but whether it’s for the long or short-term, becoming a shipper of choice benefits the entire supply chain, not the least of which are drivers’ experiences.
Shippers are anticipating continued volume increases, tighter capacity, and further rate increases according to a Morgan Stanley survey.
XPO announced it is releasing a consolidated digital platform into the marketplace. XPO Connect is the latest digital offering by a transportation provider attempting to offer more visibility an functionality to its customers.
There’s a lot at stake for shippers, but whether it’s for the long or short-term, becoming a shipper of choice benefits the entire supply chain, not the least of which are drivers’ experiences.
Retail sales rebounded in March after declining in each of the previous three months. This rebound is a return to normal for the retail sector after some volatility in spending following the hurricane season.
The first major transportation provider out of the box with first-quarter earnings has posted a better-than-expected result in revenues with J.B. Hunt Transport Services topped revenue estimates for the quarter.
West Coast marine terminal operators agree to a flat fee and appointment-based model.
Year-over-year TEUs handled climb 14 percent and intermodal rail volumes move up 20 percent in March.
ELD hard enforcement begins. Carriers seek better driver retention methods in the capacity crunch. XPO joins the digital freight booking push. Reefer rates climb out of the Salinas, Central, and Imperial Valleys. JP and Chad discuss all this and more in this week’s episode.
The technological revolution is underway in supply chain management. The big companies are investing heavily in growing this largely ignored aspect of the industry.
FTR expects overall intermodal traffic to grow 6% YOY despite capacity constrains in rail and some downside risks like NAFTA renegotiation.
As capacity has tightened for trucks, the effects have been felt across the industry.
California State Sen. Ricardo Lara’s proposed legislation would “exert pressure across the supply chain to protect drayage drivers from further exploitation.”
North American intermodal rates increased another 5.8 percent for the month compared with the same 2017 period, the 18th consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price […]
Today, most assets are still dark, dumb and disconnected. They do their job, but they can’t tell anyone how they are doing, what they are doing and where they are doing it. ORBCOMM believes it’s time for that to change.
Data from the Producers Price Index showed that prices for trucking services remain high, and a spillover in demand may be causing a surge in intermodal rates.
Despite Class I railroads thriving financially in 2017, just last month, the Surface Transportation Board cracked down on the railroads over deteriorating service after hearing from concerned shippers.
The agency that regulates railroads compiles a massive report each week on railroad performance.
Stifel returns to trucking with an array of notes on individual carriers and a comprehensive industry update. Analysts expect 12% increase in truckload rates y/y, spillover into LTL and intermodal, and no relief in sight for the driver shortage.
Predictions about a freight market recovery in the dry bulk and container markets can be left high and dry, if the unexpected factor of a trade war comes to fruition.
After strong fourth-quarter earnings results, weather and other external forces are expected to weigh on earnings reports in the first quarter, resulting in a mixed bag for public companies.
Once the Mason Mega Rail terminal is complete, the Port of Savannah will have a state-of-the-art facility, unique to the U.S. East Coast.
Transport stocks excluding bulk maritime carriers largely unaffected by tariffs; Port of LA getting new container terminal; Boeing and Ford threatened by Chinese tariffs; new autonomous shipping joint venture announced; commercial driving schools see low enrollment; a guide to Tesla’s guidance.
Trump and China continue to trade blows as threats of a trade war increase. The ELD mandate gets the next level treatment as enforcement gets real.
Wages continue to rise for America’s truckers as the trucking industry contends with driver shortages coupled with an increased demand for shipping services.
The FTR Shippers Condition Index slid to -11.1 in January, continuing a declining trend that began in the middle of 2017.
PAM Transport, Inc., a top 100 largest For-Hire Carrier in North America, announced today that it has joined BiTA.
The $126.7 million Mason Mega Rail Terminal at the Port of Savannah “will open a new corridor for American commerce to and from the Midwest” Georgia Gov. Nathan Deal said.
Profit Tools has developed an Optimization Platform which uses artificial intelligence (AI) and intermodal data points to deliver breakthrough performance and visibility.
The trade deficit in goods widened for the sixth consecutive month in February. Total goods trade volume was up however, which bodes well for transportation and freight markets
The threat of retaliatory tariffs on American agricultural products could hurt wheat exports, which are already struggling to compete on the international market. Railroad grains volumes in 2018 YTD are down, in many cases by double digits.
This week we are using the Cass Information Systems data to review what is happening in the economy overall.
Shipment volumes for the month jumped 5.9 percent from January and 11.4 percent compared with February 2017, while expenditures grew 5.2 percent sequentially and 14.3 percent year-over-year, according to the […]
The sweeping $1.3 trillion omnibus spending package signed by President Trump Friday, which contains funding for various landside and waterside projects, tripled the budget for the Transportation Investments Generating Economic […]
The Ocean Network Express – the joint container business of NYK, MOL and “K” Line – will use Union Pacific to handle all intermodal shipments for vessels calling U.S. West […]
Intermodal pricing increased another 5.4 percent for the month compared with the same 2017 period, the 17th consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
Presented by Reliance Partners …As if insurance requirements are not confusing enough for truckers, there is additional insurance policies some truckers or carriers need that others do not. This includes intermodal insurance coverage
Bonuses and wages are both climbing rapidly.
CFO of Kansas City Southern spoke at the Global Industrials Conference in London about the challenges faced by the U.S. railroad industry with regard to NAFTA and its prospects in the Mexican cross-border trade.
The ATA’s truck tonnage index fell 2.6% in February, and evidence from rail traffic data suggests that shippers are shifting modes for some freight
Domestic container carriers ramped up capacity by adding vessels, containers and manpower to carry cargo for emergency relief and rebuilding efforts.
The Green Bay, Wis.-based national trucking company completed its conversion to a company-owned and managed chassis fleet by buying over 15,000 intermodal container chassis over the last four years.
Every major railroad serving the U.S. got a letter from the Surface Transportation Board.
Amsterdam-based TMA Logistics has officially unveiled its investment in the New Silk Road Initiative.
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
Atlanta-based supply chain consultancy firm Chainalytics and UK-based ocean shipping consulting firm Drewry Supply Chain Advisors have officially formed a partnership through a joint venture, The Ocean Buying Group.
Dealing with the tight market for drivers in multiple parts of the JB Hunt business.
Seaspan is increasing the size of its fleet by 29 percent through the acquisition of the remaining 89 percent of Greater China Intermodal Investments it did not already own.
Producer price inflation remained relatively modest in February, but trucking prices grew at the fastest pace since 2011
The CFO of Union Pacific looks at the trucking market and likes what he sees.
The Port of Oakland on Monday released a plan for the next five years, dubbed “Growth with care,” that envisions more jobs and economic stimulus, as well as 8 percent […]
The current level of freight strength would be notable if it were June, September, or October, but it’s not. It’s February data. It is impossible to predict exactly how long this will last, but at least through 2018 we expect capacity to remain tight.
The new Eagle Express X (EEX) service, scheduled to launch in July, will offer 11-day transits from Shanghai to Los Angeles, which BlueWater Reporting shows is faster than any other […]
The mid-Atlantic port saw throughput of containerized cargo fall 0.7 percent year-over-year in February 2018 following a 3.5 percent decline in January caused in part by the loss of workdays […]
Total U.S. freight rail volumes grew 3.3 percent for the month following a 0.1 percent uptick in January, according to the latest data from the Association of American Railroads (AAR).
The global freight logistics industry is in the middle of a transition driven by a confluence of factors ranging from urbanization to the rise of e-commerce, and from automation to intermodal platforms.
The Tesla Semi has finally hit the road. Tesla founder Elon Musk posted a picture of two Tesla Semi’s leaving the company’s Gigafactory in the Nevada mountains for a trip to California.
RoadOne IntermodaLogistics said it has acquired the New England regional intermodal transport services provider Jarvis Trans Inc. to boost its presence in the U.S. Northeast.
Daimler Trucks North America has appointed Sanjiv Khurana general manager of trucks connectivity to support its connected trucks initiatives.
North America’s largest manufacturer of electric-diesel locomotives, and a global leader in transportation technology, announced that it joined the Blockchain in Transport Alliance today.
Despite a 3.5 percent decline in January 2018, total throughput at the Port of Virginia so far in fiscal year 2018 is up 4.4 percent compared with the same period […]
Shipment volumes for the month slid 1.7 percent from December, but were up 12.5 percent compared with January 2017, while expenditures fell 1.8 percent sequentially, but rose 14.2 percent year-over-year, […]
Intermodal equipment provider and chassis pool operator TRAC Intermodal is expanding and improving the quality of its chassis fleet in the region in preparation for an expected surge in U.S. […]
Geely, owner of Volvo Cars, has acquired a stake in Daimler AG and it has upset AB Volvo, which has decided not to put Volvo Cars’ chief executive up for re-election to its board.
The CEO of Maersk says that in 3-5 years, Maersk will be competing with UPS and FedEx, and recognized as one of their peers. But what’s the strategy?
Intermodal pricing rose another 5 percent for the month compared with the same 2017 period, the sixteenth consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
The purchase of Pinnacle Rail Operations, which operates seven automobile terminals in the United States for Class I railroads, will result in about a 10-fold increase in Rail Management Services’ […]
