Ratings agency Moody’s held J.B. Hunt’s debt rating steady, as the trucking company’s rating hasn’t changed since 2014.
Canadian Pacific Kansas City is building its intermodal service between points in the U.S. Midwest and Mexico, announcing a new daily service that aims to take away market share from trucks.
Universal Logistics Holdings saw revenue declines in its trucking, brokerage and intermodal segments in the first quarter.
“Although the U.S. supply chain is not having the issues that occurred over the last two years, many of the underlying problems remain,” said Cornerstone Systems’ Guy Wallace.
Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.
Canadian Pacific Kansas City railroad announced a deal with Knight-Swift Transportation to provide intermodal capacity for a Mexico-to-Chicago train.
Schneider said Friday it will be a strategic intermodal carrier for the Canadian Pacific Kansas City rail line from Mexico to Chicago.
J.B. Hunt missed first-quarter expectations Monday as weak intermodal and trucking trends plagued the quarter.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
Forward Air said Monday it is adding an intermodal drayage operation in Linden, New Jersey, to serve Port Newark.
The automotive industry may stay leaner longer.
TFI International said Tuesday it acquired asset-light intermodal provider Axsun.
This week, FreightWaves will host Global Supply Chain Week, a three-day virtual experience featuring dozens of leaders in global trade.
The $414 million acquisition of Blume Global gives WiseTech entry into the U.S. intermodal sector.
A maritime law judge has ruled that ocean carriers violate the Shipping Act when they limit container chassis choices for intermodal truckers.
Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.
Container drayage TMS provider PortPro said it raised $12 million to expand tech capabilities on its platform.
Management from J.B. Hunt sees the potential for a rebound in freight markets by the back half of 2023.
J.B. Hunt recorded a huge headline miss in the fourth quarter. However, excluding what may be a nonrecurring claims expense, the result was more subdued.
FTR Transportation Intelligence expects a competitive truck market and port activity shift to put pressure on rail intermodal in 2023.
California’s ABC test was a key reason why a decade-long misclassification case against Hub Group settled.
ContainerPort Group’s parent World Group announced the acquisition of distribution and trucking company Pacific Cascade.
Hub Group, a full-service transportation and logistics provider, detailed leadership changes on Thursday.
Forward Air said Monday it has entered into an agreement to acquire an intermodal drayage provider with locations in Mobile, Alabama, and Memphis, Tennessee.
FreightWaves founder and CEO Craig Fuller provides insight into 2022’s peak season.
Navarro Trucking Group, which pulled intermodal containers out of the ports of Los Angeles and Long Beach, has folded and filed for Chapter 7 bankruptcy.
J.B. Hunt Transport Services beat third-quarter expectations Tuesday but said that cooling freight demand will place greater scrutiny on cost control moving forward.
J.B. Hunt Transport Services beats third-quarter expectations on improved intermodal and dedicated results.
An overview of Day 1 of F3: Future of Freight Festival.
An overview of F3: Future of Freight Festival and the key speakers.
While earnings estimates remain largely intact for 2022, a September slowdown pushed analysts to take another look at 2023 forecasts.
J.B. Hunt Transport Services said Monday it has expanded its transloading capabilities to include Seattle and Laredo, Texas.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
The great chassis squeeze in intermodal transport is not done yet, according to a panel of executives at the annual IANA meeting.
AB5 was the topic of an IANA panel discussion, with compliance through brokerage seen as a leading option for trucking companies.
IMC Companies says its SmartStacks app increases driver productivity and eliminates unnecessary container lifts.
RoadOne IntermodaLogistics announces its fourth acquisition in the past year.
RoadOne IntermodaLogistics announced the acquisition of Oakland, California-based R&A Trucking.
Management from J.B. Hunt Transport Services doubles down on long-term growth initiatives in its intermodal unit.
Around 450 protesters opposing California’s independent contractor law, AB5, were blocking all of the terminal gates at the Port of Oakland, forcing TraPac and Oakland International Container Terminal, also known as SSA, to close operations on Wednesday.
J.B. Hunt Transport Services announced the promotion of 28-year company veteran Shelley Simpson to president on Wednesday.
J.B. Hunt Transport Services beat second-quarter expectations despite persistent rail congestion and supply chain bottlenecks.
J.B. Hunt Transport Services’ second quarter came in ahead of forecasts.
J.B. Hunt Transport Services said it will open a transload facility to serve Southern California’s ports. The move follows several other recent initiatives aimed at upping intermodal service.
Transport analyst conducts virtual beer get-togethers to gain knowledge and build contacts.
J.B. Hunt announced a long-term agreement with a cargo shipping line to expedite the delivery of new intermodal containers and the freight of its customers.
Port X aims to create an environment where drivers feel like part of the greater team, not sequestered from it.
FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.
KlearNow has launched KlearNow Drayage, a marketplace for importers and drayage operators.
The Small Fleet & Owner-Operator Summit takes place on June 15, 2022.
Mehrotra said he was excluded from asking questions because of criticisms of its LTL operations.
Forward Air announced the first West Coast addition to its drayage franchise with the acquisition of Edgmon Trucking.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
Customers are keen to lock in capacity for the year and mitigate risk, executives said during Hub Group’s first-quarter 2022 earnings call.
FreightWaves founder and CEO Craig Fuller writes about the impact of Chinese lockdowns on global supply chains and the U.S. trucking industry.
Former EPA Administrator Christine Todd Whitman explains in an Earth Day interview how the freight industry can embrace a more environmentally friendly future.
GTI Transport Solutions announced Thursday the acquisition of container transport provider Foxconn Logistics.
On its first-quarter call with analysts, management from J.B. Hunt said demand indications from customers have been strong. The path is likely not as easy for smaller players in the space.
J.B. Hunt Transport Services reported first-quarter results well ahead of analysts’ forecasts Monday after the market closed.
FreightWaves Founder and CEO Craig Fuller analyzes the impact of the latest Chinese lockdowns on the supply chains between China and the U.S.
STG Logistics has made nearly a dozen acquisitions over the last five-plus years. However, its latest deal for XPO’s intermodal unit is its most transformative yet.
FreightWaves Founder and CEO Craig Fuller explains the boom and bust cycle of the trucking industry.
March volumes at the Port of Virginia were the highest yet for 2022.
Carbon offsets are a growing alternative or additional step toward reducing emissions in sectors like transportation.
Large-scale real estate developer Focus Equities will oversee the construction. Its head explained to FreightWaves why Winnipeg is a prime location for customers.
Big companies are finding it increasingly difficult to make big deals that can get regulatory approval in the U.S. and other countries.
Key speakers announced for The Future of Supply Chain.
XPO Logistics announced it has sold its intermodal business to STG Logistics for $710 million in cash. This was a crucial first step on the path to becoming a stand-alone less-than-truckload company.
American Made Chassis, an alliance of LB Steel and Integrated Industries, will build the chassis at an Illinois facility.
J.B. Hunt announced plans to expand its intermodal container count to 150,000 units in efforts “to substantially improve capacity” as part of a joint initiative with BNSF Railway.
“Efforts to successfully move aging cargo out of shipping terminals” improve the picture at California’s San Pedro Bay ports.
Harbor Trucking Association CEO Matt Schrap chats with FreightWaves rail and intermodal market expert Mike Baudendistel about the challenges that the West Coast drayage community faced in 2021 and what stakeholders need to do to overcome those challenges this year.
The Cass Freight Index sags in January on a rise in COVID cases, but the dataset appears poised again for strong growth in 2022.
Universal Logistics inks a record year despite challenges. Implied 2022 earnings guidance surprises to the upside by 20%.
The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.
XPO Logistics has issued 2022 guidance and vows to fully right the LTL segment’s operating ratio by midyear.
Schneider provided a better-than-expected earnings outlook for 2022 on Thursday. The company also raised margin targets in two key segments.
“We’re not looking to replace trains. We’re looking to augment trains with a system that is trying to be competitive as an alternative to trucks,” said Matt Soule, co-founder and CEO at Parallel Systems.
“We founded Parallel to allow railroads to open new markets, increase infrastructure utilization and improve service to accelerate freight decarbonization,” said Matt Soule, co-founder and CEO at Parallel Systems.
J.B. Hunt Transport Services beat fourth-quarter expectations. Visibility into 2022 remains murky but management is calling for continued growth.
J.B. Hunt’s fourth quarter comes in ahead of consensus as the intermodal, brokerage and truckload divisions see notable year-over-year improvements.
Port X Logistics adds warehousing and transportation provider Denver Express to its portfolio.
Intermodal trucking company RoadOne adds dedicated carrier EHS Trucking to its network. The deal marks its ninth acquisition in the last five years.
Infrastructure and capacity expansion projects, regulatory uncertainties and progress toward supply chain visibility and sustainability are the themes that rail and intermodal stakeholders have set their sights on in 2022.
J.B. Hunt Transport announced that eligible drivers and maintenance techs received nearly $10 million in appreciation bonuses on Friday.
The effects of port congestion on independent contractors may be underplayed in a recent driver satisfaction survey.
The container shipping surge shows no signs of letup, but the Southern California ports say they are slowly clearing out the backlogs.
Growth throughout the supply chain accelerated in November with costs reaching all-time highs, according to the Logistics Managers’ Index.
Industry cooperation removing containers from the docks has convinced port officials to hold off imposing penalties for excess storage.
One notable number in the report: intermodal brokerage had a tough quarter.
Retail inventories jump ahead of the holiday buying season but the need for restocking will extend well into 2022, which bodes well for freight demand.
Innovation and investment are the watchwords at the Georgia Ports Authority, where officials are rushing to deal with supply chain constraints.
“I wanted to find a way to reduce emissions that was nonregulatory and allowed shippers to select carriers based on operational efficiency [and] price,” says Eric Beckwitt, Freightera founder and CEO.
The quick movement of chassis and containers at the port, warehouse and yard is key to regaining supply chain efficiency.
Cargo is moving a bit more smoothly at the Southern California ports, giving officials reason to hold off assessing stiff storage fees.
Air Canada is adding cargo capacity equivalent in weight to 860 adult moose in and out of Vancouver.
A consultant’s figure exhibits the problem: Rail’s share of freight is where it was 12 years ago.
The state-of-the-art terminal has rail-to-truck transfer capacity domestic and international containers and deploys automated container handling.
J.B. Hunt announced it has launched a new transload service in the New York metro area to address network congestion.
The nation’s key railroad lobbying group did not like the original House infrastructure bill but has praise for the final product.
