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.
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 at the FreightWaves Intermodal Summit included port congestion, rail ramp congestion, the chassis shortage, the drayage capacity shortage, the international and domestic container shortage, and […]
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 imports from China. They concluded that China was not competing fairly under international trade laws and banded together to seek action from Washington. Their lead […]
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.
