The company is adding 200,000 square feet of warehousing space near the New Jersey/New York ports and 200,000 square feet in Maryland over the next 18 months.
Container terminals have seen recovering demand and have worked to reduce costs, says Drewry.
Logistics company hires key account manager; properties group names corporate affairs lead; airline taps commercial activities chief; industry groups elect board members; and longtime public servant becomes EVP.
Mexico, Canada, and the EU announce retaliatory tariffs; Dow Transports still above 200 day average; the US asks OPEC for a production hike; DHL remains largest air freight forwarder; containership loses 86 boxes in storm off Australia; how China beats US steel tariffs.
The truckload business is booming, but how high will rates go? Hyundai Merchant Marine orders 20 new containerships; China keeps the door open on US trade talks; global equities rise on US jobs report; a pension fund is building a $4.9B railroad in Quebec; manufacturing activity expands.
Much of the focus is on its financials rather than any significant shift in operations.
A monthly survey of all the important economic developments from the past month, and a look at some of the key trends to watch throughout the month of June.
Introduced in New York/New Jersey, the product offering will be expanded to Los Angeles/Long Beach in June.
Canadian Pacific conductors and engineers walk off; Brazilian truckers continue their highway shutdown; CMA CGM and Zim blame losses on fuel prices; Savannah hits record TEU volumes in April; Goldman Sachs says the oil rally isn’t over yet.
One union agrees while the other walks, as CP is hit by a strike again. The government signaled it may not step in to end the walkout.
Consortium seeks to advance technology and its transportation and logistics applications.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
One union agrees while the other walks, as CP is hit by a strike again.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
Everyone sees the market as strong and staying that way, but are there other headwinds in the trucking sector?
A panel at a recent investors’ conference talked about many topics, and the market for drivers seemed to make its way into every topic.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
A panel of financial experts were mixed when asked whether the industry would see higher spot rates one year from now, but continued capacity issues was not in debate.
Norfolk Southern (NYSE: NSC) today announced it has joined the Blockchain in Transport Alliance.
Sponsored by Reliance Partners…Depending on the limit and deductible you choose, your trailer interchange coverage should add between $100 and $1500 a year to your overall insurance cost.
The portal gives cargo owners, freight haulers a single window into operations at four container terminals.
Demo day session 3 are digital companies providing real solutions in the logistics space.
Bailey and Brittin leading Transportation Institute at the University of Denver; Gonçalves joining Institute of International Container Lessors; and O’Brien and Bordelon serving Shipbuilders Council.
The first round of technology demonstrations at Transparency18 shared a common theme of integrated disparate systems, data formats, and devices. It’s clear that the action in freight tech has shifted to aggregating and analyzing data, not simply generating it.
Unemployment rate across the U.S. has fallen below 4% and is creating problems for recruiting and retaining skilled labor in the logistics industry.
As blockchain technology works its way into the transportation ecosystem, there is remains plenty to learn about its potential, but its success will depend on multiple parties working together.
North American intermodal rates in April climbed another 6.6 percent, the 19th consecutive monthly year-over-year increase.
Intermodal prices generally take their cues from the truck market, so this is a lagging indicator.
Loaded export container traffic drove the 3.8 percent year-over-year increase in overall container volumes.
Consolidated Chassis Management has joined the Blockchain in Transport Alliance (BiTA).
Roadrunner Transportation Systems announced today that it has joined BiTA, a group dedicated to implementing standards for the digitalization of the supply chain.
Industry veterans Cannizzaro, Larrabee and Winfree are tapped to serve.
Trucking interests, led by LTL carriers, have been pushing legislation that would allow 33-foot double trailers on American roadways. Opponents are ramping up efforts to stop it.
Coming off a period of poor service, the executives discuss where their respective companies are at.
The container carrier developed the transport solution in collaboration with the supermarket chain Lidl.
A leader in the terminal and stevedoring industry, Edward DeNike will be honored at a September dinner.
Terminal paving is just part of a $28.7 million investment that will include wharf modernization and harbor deepening.
The companies that are getting hit with ELD violations are decidedly smaller.
Continuing its commitment to leveraging emerging technologies, the Florida East Coast Railway has joined the Blockchain in Transport Alliance (BiTA).
Sponsored by Reliance Partners…Two very different approaches could give some breathing room to the tightening CDL driver shortage.
Data on producer prices shows that overall inflation pressure cooled in the economy last month, as big declines in food prices offset gain in other areas of the economy. Trucking prices remained essentially unchanged for the second consecutive month, but remain elevated relative to this point last year.
The company has the largest pool in the region with more than 18,000 chassis.
OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group. has joined BiTA.
Signs of movement over to rails, OOIDA sounds off on younger drivers, U2 puts its money into trucking.
While traditional big city freight hubs grapple with congestion, a new crop of rural inland ports is springing up as shippers look for efficiencies.
North American intermodal volumes grew 7.2 percent for the quarter thanks to a strong economy, higher fuel prices and an ever-tightening truck market.
Transit touted as faster than ocean and cheaper than air.
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 Index.
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.
