The Class I railroads furlough workers in times of lower volumes but unions think the cuts have been too deep as a result of precision scheduled railroading.
Record cold possible in 150 U.S. locations this week behind arctic front. Big snowfall in some areas, too.
We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep SONAR users informed, we deliver a brief recap of newly released data sets, market indices, and product feature improvements in our This Week in SONAR series. More than a year […]
First New England snowstorm of the season arriving “right on time.” Local, regional freight impacts possible.
Third-quarter revenue fell for the shortline operator.
Market expert Michael Baudendistel writes about whether there is a rail recession, or are railroads paring operations and employees to fatten their bottom lines.
U.S. rail volumes fell 8.1% amid trade uncertainty and “sluggish” growth abroad.
With experience in both freight brokering and non-asset-based logistics, David Broering addresses the challenges facing the ever-changing trucking industry.
First snowstorm of the season for interior Northeast is “right on schedule.” Up to eight inches for some mountain spots.
Semi-trailer manufacturer Wabash National reported higher revenue and profits in the third quarter led by growth in its final mile and commercial trailer segments.
Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.
A federal jury has awarded $93.6 million to ICTSI Oregon, the former operator of the Port of Portland’s Terminal 6, after finding dockworkers engaged in illegal work practices such as work slowdowns and stoppages.
Shipping liquified natural gas by rail is a controversial topic. Read what Jim Blaze thinks about the idea in his latest commentary.
Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.
Lower operating expenses helped to increase profits.
The credit ratings firm sees coal and intermodal volumes under continued pressure next year.
Ontario Trucking Association lauds crackdown by province’s workers’ compensation agency on companies that skirt payroll deductions by misclassifying drivers. But the OTA calls on Canada’s federal government to do more.
The rails managed to increase rates while trucking rates continued to compress in October.
Year-to-date U.S. rail traffic continues to trend lower.
With the bulk of its final mile business shuttered and its tractor fleet right-sized, management believes that the company is on solid footing to see improvement in 2020.
FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.
While Hub Group reported a
good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn’t see a peak season coming in 2019.
The maritime sector, which is undergoing profound changes, will be spotlighted at the upcoming FreightWaves LIVE event.
Cargo drone provider to launch logistics network to “elevate intermodal connectivity” at Edmonton International Airport and grow revenue.
The number of employees working for the U.S. operations of the Class I railroads slumps to its lowest level in years.
New features have been added to FreightWaves SONAR. Learn about them here!
Forward Air management guided for negative EPS growth in the fourth quarter.
General Motors strike, a personal injury lawsuit and soft freight market drive across- the-board losses.
Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.
Shawn Cole spotlights Delta’s large-scale cargo operations, which is bigger than you might expect.
Trinity Industries Inc. (NASDAQ: TRN) reported third-quarter net income of $49 million and earnings per share (EPS) of $0.39, compared to net income of $27.9 million, and EPS of $0.19 for the same quarter in 2018. The Dallas, Texas-based transportation company had revenues of $813.6 million for the third quarter of 2019, compared with revenues […]
Rail volumes fell yet again and the industry is casting its doubts about the fourth quarter.
The railway also earned record third-quarter revenue.
It is no longer enough to just provide excellent service. Now, companies must provide excellent service alongside speed, transparency and convenience.
Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche
Further operational efficiencies will push the railroad to its target, the company said.
Railroads face an uphill battle in elevating their intermodal business.
Despite lowering its operating ratio, the railroad tempers its 2019 outlook.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
Jim Blaze explains the new CSX trip compliance reporting… perhaps the first step for railroads to compete more effectively with the trucking industry.
The Port of Long Beach saw a slide in container volumes arrested in September and hopes to attract more cargo with incentives.
Company eyes cross-border volume growth and efficiency improvements.
Marten Transport posted its best-ever third-quarter operating revenue and operating income in the company’s 74-year history in the third quarter of 2019.
GlobalTranz has added to its portfolio with the acquisition of Chicago-based Global Freight Solutions.
With U.S. rail volumes still slumping, the Class I railroads wondered in third-quarter earnings calls when the downward trend would end.
Industry veteran picked to head one of the largest U.S. East Coast terminals, which is undergoing upgrade.
The eastern U.S. railroad declined to share its expectations for 2020 but said it would be prepared should rail volumes rebound.
J.B. Hunt Transport Services reports earnings light of expectations, but cost headwinds from digital platform transformation appear to be the primary culprits.
Knight-Swift Transportation lowered its third and fourth quarter 2019 guidance amid intermodal and truckload woes. However, some analysts find this as a reason to celebrate.
Kristy Knichel keeps a level head while growing the business her father started.
The next FreightWaves Live event has added air cargo to the range of topics discussed, with a variety of expert speakers who can help attendees understand factors influencing today’s market. The conference is November 12-13 in Chicago at the McCormick Place convention center. The agenda is packed with content on freight brokerage, on-demand app-based freight […]
Market Voice Darren Prokop writes about automation at ports and the progress – and disruption – that will bring.
Freight shipments and expenditures declined on a year-over-year basis again in September according to the latest Cass Freight Index Report. The firm now believes that the index is “signaling an economic contraction.”
Now Goldman thinks that ISM data won’t turn positive until Q2 2020.
Maersk subsidiary looks to fix congestion that had been widely cited in 2018 front-loading.
Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.
Philadelphia to Chicago futures (VPC) rise on Thursday as market continues to focus on trade flows.
What’s next at FMCSA after Ray Martinez departs? Tune in to FW Radio.
Both canal stats and container transport pricing confirm continued momentum for U.S. East Coast ports.
With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail’s bottom line?
The American Trucking Association handed out a number of awards, including the winners of its Mike Russell Trucking Image Awards, at its just concluded Management and Conference Exhibition.
Carloads on the railroads remained under water in the first week of the fourth quarter 2019. Intermodal weakness will be in the spotlight as third quarter earnings season approaches.
Freight futures looking beyond the East region for some direction on Tuesday.
Excerpt: The companies promote and assign new roles to longstanding employees.
New third-party logistics firm to take over yard and warehouse that handles ‘considerable’ freight.
Atlanta market freight futures strengthen on Monday as a result of trade flows.
Jim Blaze writes about the competitiveness of railroads vs. trucks and the railroads’ lack of interoperability.
SeaCube Container Leasing has rapidly expanded its refrigerated container fleet and is now the third largest lessor of reefers and largest lessor of gensets.
A popular manufacturing index is signalling a rough ride for trucking after the holiday season.
Trucks are competitively priced on East Coast lanes and offer better service than the railroads.
The Motley Fool discovers last-mile logistics. IMO 2020 will impact logistics warehousing footprint, JLL says
For decades, the European freight rail system has had no major upgrades with regard to axle load capacity, train length or car vertical height.
In this week’s Down Under Trucking – death by reckless driving; hill driving; trucker fired; police shoot tow truck thief; logistics industry urges government to ramp up!
From blockchain to 3D printing, new technologies have the potential to green the supply chain across industry sectors.
The forward curve inches lower.
The new executives contributed greatly to CSX as the railroad made operational changes, the company said.
Last Week’s Pricing Power Index: 35 (Shippers) The trucking industry operates in a market based on real-time demand and supply. When demand is higher than capacity, carriers gain negotiating power for rates. When supply is higher than demand, shippers gain negotiating power for rates. FreightWaves’ Pricing Power Index uses the analytics and data contained in […]
Unionized Canadian drivers for CNTL approve four-year agreement that increases rates for wait times and mileage.
Heading into earnings season, the railroads clearly have a revenue headwind as carloads declined again in the latest week.
Energy markets appear to believe that capacity constraints will raise diesel prices next year.
Along with serving bigger ships and longer trains, the port of Savannah is making truck fluidity a priority.
Jim Blaze writes about the decisions that will go into determining 2020 capital expenditures by the freight railroads.
The company is following through on a pledge to acquire 1,000 branded intermodal containers by the end of 2020.
John “JT” Engstrom has spent 10 years studying the freight world. Here’s what he learned:
Trucking volumes are up YoY, while rail intermodal volumes have fallen. Now may be the time for long time competitors to explore new partnerships.
The outlook for intermodal freight transportation and what’s going on with driver cash flow and factoring issues will be two of the key topics of discussion on the September 28-29 edition of FreightWaves Radio. Rick LaGore, the CEO of Intek Freight and Logistics, will join us to talk about where his company sits in the […]
Year-to-date U.S. rail traffic down 3.8 percent from the same period in 2018.
Carriers face prospect of hiring more company drivers should they fail the ABC test.
The Canadian class I railroads outlined a number of growth opportunities at an investor conference. Intermodal capacity expansion at the ports and grain delays provided the big takeaways.
No short-term relief for cargo congestion at LAX is coming from infrastructure upgrades, so companies are looking at process improvements to speed up cargo hand-offs.
Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.
Norfolk Southern announced that Claude Mongeau has been elected as a director. The former Canadian National Railway head may be viewed as an effort to improve PSR initiatives or to explore potential opportunities to partner with other Class I railroads.
Team of rivals? The competing ports of Los Angeles and Long Beach are looking at additional ways to cooperate for their mutual benefit.
Mike Baudendistel, a 13-year equities analyst with deep expertise in rail, intermodal, Jones Act and transportation OEMs, joins FreightWaves as a market expert.
Several updates have been made inside SONAR to improve the overall user experience.
BIMCO says there are “several indications” that goods are being shipped from the Far East to Europe and then transshipped to the U.S. East Coast to avoid tariffs.
Despite sea change in business model, carriers and drivers may want to wait for more clarity.
FreightCar America entered a joint venture to build a new manufacturing facility in Mexico as part of its cost improvement initiative.
If not enough 0.5% low sulfur fuel is available after Jan. 1. 2020 ships may resort to using more expensive 0.1% sulfur fuel used today in emission control areas.
Executives at North America’s major railroads are making the case that intermodal service will be more reliable and consistent after a year of major service changes. This comes as weakness in the industrial economy makes consumer-driven freight more important than ever to the railroads. Collectively known as precision scheduled railroading, the efficiency drives have made […]
