Desperate times call for desperate measures, and Georgia port officials are pulling every lever possible to reduce shipping delays that are having a national impact.
The likely end date of a chaotic transportation market is being extended.
President Biden was Professor Biden at the Port of Baltimore, explaining Supply Chain 101 to the American people.
A trucking trade group is urging California Gov. Gavin Newsom to enforce a state law to prevent terminal operators and ocean carriers from charging excessive per-diem and demurrage fees and using port truckers as “a convenient ATM to bolster their profits.”
CEO Rodolphe Saadé says the CMA CGM Group is acquiring Fenix Marine Services to effectively manage its West Coast port operations.
Forward Air announced the acquisition of two Minnesota-based intermodal transportation outfits on Wednesday.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
The Port of Los Angeles is hoping to scare the freight community into more efficient behavior with big fines for the slow retrieval of containers.
Universal Logistics misses third-quarter expectations and said it will look to its customers to address wage inflation and accessorial charges at the ports.
The ports of Los Angeles and Long Beach are turning to heavy-handed tactics to address a container logjam that is gumming up supply chains.
The Clure Public Marine Terminal now can handle “international shipping containers transported by vessel.”
The end of the supply chain as we know it? Not even close, an economist believes.
The Port of Los Angeles had its busiest September ever, while Long Beach had its second busiest.
Hub Group forecasts mid-teens revenue growth between the Choptank business and cross-selling.
Barbara Melvin will succeed Jim Newsome at the helm of South Carolina Ports next summer and will become the first woman to lead a top-10 U.S. container port.
Transaction adds trucking to Hub’s refrigerated transport portfolio.
Carriers have overcome notable cost inflation and disruption to post better-than-expected results so far in the third-quarter earnings season.
Shares of J.B. Hunt Transport Services jumped 10% Friday as the company navigated supply chain challenges during the third quarter to beat analysts’ forecasts.
J.B. Hunt Transport Services sidesteps disruption throughout the transportation network to beat analysts’ forecasts.
With disruptions likely to linger well into 2022, intermodal equipment provider DCLI sees the labor shortfall as the biggest hurdle in the supply chain.
More trucking heads weigh in on rate expectations for 2022. Following a sizable rate bump this year, it appears that rates could move considerably higher again next year.
Labor and chassis shortages, as well as congestion in the wider supply chain, have contributed to lower U.S. intermodal traffic compared with a year ago.
Port of Los Angeles Executive Director Gene Seroka has been named the 2021 recipient of the Containerization & Intermodal Institute’s top honor.
Intermodal logistics provider RoadOne announced the acquisition of Rose Transportation on Wednesday.
“The program offers technical and consultative resources that both shippers and carriers can use to reduce their carbon footprints, while improving the speed, resilience and efficiency of their supply chains,” said Bob Shellman, president and CEO at Odyssey Logistics.
It’s times like these that it’s more fun to write about transportation issues than to actually have to move freight (not that I’ve ever actually moved freight). On Wednesday, topics […]
Train engineer Matt Parker of the BLET discusses why precision scheduled railroading isn’t about precision, but about profits.
Dale Young of World Distribution Services talks to FreightWaves’ Andrew Cox about how the company is responding to meet the warehousing demands of shippers as they contend with unprecedented demand alongside disruptions and congestion in the supply chain.
“From a price perspective, from a capacity perspective, going into Q2, 2022 is before I’m going to see anything really letting up,” said Sherman Barnes, SVP of sales and marketing at Trio Trucking.
Significant investments in technology and equipment are required to optimize rail networks across the United States, according to Wabtec’s Nalin Jain.
Mike O’Malley, SVP, government and public relations at DCLI, chats about the market for chassis as well as potential regulatory changes with FreightWaves’ Kevin Hill at the Intermodal Summit.
FreightWaves market expert Mike Baudendistel chats with Norfolk Southern’s Executive Vice President and Chief Marketing Officer Alan Shaw about intermodal challenges and opportunities confronting NS and other Class I railroads.
This fireside chat recap is a from FreightWaves’ Intermodal Summit. FIRESIDE CHAT DETAILS: A group of U.S. manufacturers that manufacture intermodal container chassis found themselves losing huge market share to […]
Elise Gosch, assistant VP of intermodal sales at Union Pacific, shares strategies the company has implemented throughout the pandemic to address shifting customer needs.
The carpeting and flooring giant plans to manufacture more domestically iin the wake of the pandemic.
C.H. Robinson announces a drayage surcharge at most of the nation’s biggest container ports as international drayage carriers have implemented congestion fees.
As this year’s peak season gets underway, dislocations in the supply chain are increasing. However, this is really nothing new as the industry has been in peak mode for a year.
Canadian Tire is acquiring a 25% stake in Ashcroft Terminal in a deal that will allow the retailer to move containers from the Port of Vancouver more efficiently, while securing rail capacity.
Plaquemines Port announced it has found the site for its state-of-the-art container terminal that will be able to handle vessels carrying up to 22,000 TEUs.
The CEOs of five Class I railroads tell the Surface Transportation Board that the root causes of the congestion facing rail intermodal terminals are beyond the railroads’ control.
The pace of U.S. rail volume growth slowed in July, according to Association of American Railroad data. But still expect intermodal growth through 2021 in North America, the Intermodal Association of North America said.
TRAC Intermodal President and CEO Daniel Walsh chats with FreightWaves about chassis availability and market conditions into 2022.
Supply chain congestion is more about issues with throughput among various stakeholders and less about Norfolk Southern’s ability to handle volumes, executives said during NS’ second-quarter 2021 earnings call Wednesday.
J.B. Hunt Transport Services beat second-quarter expectations Monday. However, the back half of 2021 will depend on how well the railroads and shippers can improve their operations.
J.B. Hunt Transport Services reported better-than-expected second-quarter results Monday as the company saw double-digit revenue growth in all divisions when compared to the year-ago period, which contained widespread lockdowns from COVID protocols.
Loaded domestic intermodal container volume is now down on 10 of the 11 densest domestic intermodal lanes that originate in the U.S.
J.B. Hunt shares sustainable environmental and social highlights for 2020, but the company’s only emission-reduction target relates to carbon intensity.
U.S. rail carloads showed strength in 19 of 20 commodity categories in June. Second-quarter intermodal traffic climbed 22% even with network congestion and equipment shortages as the backdrop.
Vince Paperiello has been named to run the multibillion-dollar unit. The business had been run as a group effort for two years, a source says.
NS is working to repair a defect that could affect over 5,000 chassis. The repairs come amid high congestion at terminals and intermodal facilities across the U.S.
The 32nd version of the venerable report waxes philosophical on why more, not less, logistics spending will be needed.
Transport deregulation’s long game has left much of the asset-based carrier field with few players. Will the cycle turn to usher in a cast of competitive newbies?
People are eager for face-to-face gatherings. But health and safety issues will still call the shots.
Appearing at an investor conference Wednesday, management from J.B. Hunt Transport Services said delivery schedules for new containers are being hindered by a lack of ocean capacity, not manufacturers’ build schedules.
The attorney who led the legal effort said U.S. chassis producers are ramping up because of the import fees.
Transportation and logistics provider Schneider aims to double its intermodal size by 2030, reducing CO2 emissions by 700 million pounds annually.
“First Class I railroad in North America to issue green bonds,” Norfolk Southern shares plans for environmental projects.
Steel and chemicals were among the commodities that showed volume strength in April, according to the Association of American Railroads. North American intermodal volumes grew 10.5% in the first quarter, said the Intermodal Association of North America.
Anticipated growth for intermodal will help to support Hub Group’s investments for that sector in 2021.
Schneider National sees several favorable catalysts through the remainder of 2021 that are supportive of its guidance raise. Finding equipment and drivers will be the challenge.
Schneider National’s first quarter comes in ahead of analysts’ expectations and the company raises its full-year outlook by 8% at the midpoint of the range.
A California freight forwarder filed Chapter 7 bankruptcy last week, collectively owing transportation and logistics companies more than $884,000.
J.B. Hunt exec says at Net-Zero Carbon Summit that intermodal ‘needs to be on everybody’s mind’
Cass data published Friday highlights new records as volumes reaccelerate and rates soar.
J.B. Hunt Transport Services updated its long-term division margin targets on its first-quarter call Thursday.
J.B. Hunt Transport Services announced first-quarter results well ahead of analysts’ expectations.
The Teamsters called it a strike even though no employed workers were believed to be on the picket line.
The telematics, ELD and satellite provider is getting sold for a 50% premium. Even that is less than at least one analyst saw as its value.
FreightWaves CEO Craig Fuller writes about FreightWaves, as well as transportation today and moving forward.
Union Pacific and logistics company Savage Services are constructing Idaho’s first-ever intermodal terminal at UP’s rail yard in Pocatello.
1997: “Comparing our project to the Panama Canal is to confuse an apple with an orange,” New York lawyer Don M. Bosco said. “Our competition won’t be the canal. Instead, we intend to take significant business from the 3,000-mile U.S. landbridge system.”
Another strike at the Port of Montreal increasingly likely after longshoremen reject contract as seven-month truce expires. Railroads and trucking companies, meanwhile, brace for scramble to Halifax.
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
February freight data from Cass shows a deceleration in the growth rates of shipments and expenditures. Recent weather events have only “coiled the spring” for a continuation of high demand and rising rates.
U.S. intermodal traffic on a weekly basis continues to show strength, rising last week by 22%, according to the Association of American Railroads. The increase comes amid higher U.S. retail sales in February year-over-year, despite a sequential decline.
Fireworks could be stuck at sea by the time the Fourth of July rolls around. Blame massive port congestion and overloaded freight networks. The fireworks industry is asking the Biden administration to provide a fix, but what can it do?
Changes in export volumes for certain types of wheat may be reflected in changes in freight flows, according to reports from the U.S. Department of Agriculture.
Witnesses at a U.S. House hearing on Wednesday stressed the need for a multimodal approach in federal support of the railroads, citing freight rail’s connection with both rural, inland towns and coastal ports.
“As retail imports continue to boom during the pandemic, the ability to quickly move goods from ships to the hinterland via rail is paramount,” says CEO Jim Newsome.
Earlier this week, in the last edition of The Stockout CPG-focused newsletter, I focused on reefer since the many CPG companies that require temperature controls are facing an even tighter […]
International intermodal volumes for the U.S. have risen 44% year-over-year, according to FreightWaves SONAR, amid higher import activity.
Booming sales, thin inventories and more stimulus on the way provide the backdrop for potentially setting a new record for retail container imports in 2021. The National Retail Federation raised its outlook again for loaded containers landing at U.S. ports in the first half of the year.
Wells Fargo transportation research analyst Allison Poliniak-Cusic raises expectations for intermodal providers in a new report. Favorable catalysts for the mode are expected to carry into 2022.
U.S. weekly intermodal volumes moved higher last week amid support from retail and e-commerce, while carloads slumped as some U.S. Gulf Coast facilities seek to fully return to normal following February’s winter storm.
Schneider’s corporate sustainability goals include plans to reduce per-mile carbon emissions 60% by 2035 and focus on fleet electrification.
J.B. Hunt believes recent winter storms will negatively impact first-quarter operating income by $15 million to $20 million. The company said it had been successful advancing its intermodal service initiatives prior to the storms.
Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.
Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
Growth in the supply chain came at a faster pace in February, with transportation capacity falling and prices climbing at accelerated rates.
Eastern U.S. railroad CSX (NASDAQ: CSX) has started the regulatory process to acquire New England short line operator Pan Am Railways in a move that CSX hopes will strengthen its […]
U.S. Class I rail operations are seeking to return to normal, with intermodal terminals opening in the central and western U.S. But the overall network is experiencing delays in multiple locations.
Combining Hunt’s data and Google’s tools will yield differentiated service offerings.
Power outages, bitter cold and heavy snows have caused temporary intermodal-related closures and significant delays.
Canadian trucking and logistics company Fastfrate Group beefs up its cross-border e-commerce business by acquiring third-party logistics provider ASL Distribution Services.
Appearing at an investor conference, J.B. Hunt CEO John Roberts said this year’s intermodal bid season will go a long way in determining whether the company curtails the division’s margin target.
Preeti Pande, the hydrogen solution provider’s chief marketing officer, comes with extensive fuel cell industry experience and a Ph.D.
Amid heightened scrutiny over the direction of the company, Forward Air’s management team defends its current strategy. Fourth-quarter results were negatively impacted by a December cyberattack.
New unit acquired by Forward Air increases its intermodal footprint.
Day Three of Global Supply Chain Week will cover topics related to food and CPG supply chains. Tyson Foods Chief Sustainability Officer John Tyson is set to start the day off with global sustainability in mind.
Thanks to COVID, there are no seasonal highs and lows for international shipping. There is so much demand for goods that the peak season never seems to end — and ports, railroads, truckers and warehouses are reaching the breaking point.
