Benesch 2024: Pent-up dollars could be big factor in logistics M&A next year
Participants in a key conference discussed how private equity dollars sitting on the sidelines could boost logistics M&A.
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Participants in a key conference discussed how private equity dollars sitting on the sidelines could boost logistics M&A.
The Port of Long Beach is on course to handle 9.6 million TEUs in 2024, which would top record volume set in 2021.
Hyzon Motors Inc. has announced plans to liquidate its business and lay off employees at two facilities.
The benchmark diesel price used for most fuel surcharges declined Monday.
Frontloading by importers ahead of 2025 helped Asia-U.S. ocean freight rates stay elevated into mid-December.
Total freight movements were up in Houston, Corpus Christi and New Orleans, boosted by shipments of consumer goods, machinery and crude oil.
Canadian union Unifor said its members ratified new four-year agreements with Canadian National Railway.
Liner operator Yang Ming of Taiwan announced plans to modernize its fleet with orders for as many as 13 newbuildings.
In this edition: Returns season is around the corner and the logistics of Christmas trees.
When the cost of doing business increases, making moves toward more efficient operating structures becomes more important than ever.
Supply chain firms in the U.S. have laid off more than 5,235 workers since the beginning of October.
Gatego was founded by CEO Adrian Garcia, whose firsthand experience in his family’s trailer yards highlighted the inefficiencies of traditional systems.
Port Authority of New York and New Jersey announced the unanimous re-election of Chairman Kevin O’Toole.
Tender rejection rates have moved to a 2-year high, but spot rates have yet to see the significant increase from the holidays.
Federal Express’ strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime international flights to capture containerized cargo.
Chris Jamroz doesn’t mince words about what he found at Roadrunner, but a new ownership structure launches its next phase
The Panama Canal, a marvel of engineering and a critical artery of global trade has once again become the center of geopolitical tension.
American forces said friendly fire was responsible for shooting down an F/A-18 Hornet fighter jet during military operations battling Iran-backed Houthi rebels in the Red Sea.
The freight industry is experiencing a notable shake-up this week, with several key developments signaling potential long-term shifts in market dynamics.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cross-border trade helping Mexico narrow gaps in technology; Investment firm acquires […]
David Fink, former Pan Am Railways president, has been tabbed by President-elect Donald Trump to lead the Federal Railroad Administration.
Import demand has increased over the past two years as companies have largely corrected inventories and navigated treacherous waters in the maritime industry.
A Thursday opinion from a federal bankruptcy judge said Yellow didn’t provide proper notification ahead of layoffs but its actions were in good faith, meaning the claims may be reduced.
Craig Leinauer of Travelers Insurance discusses the rise of organized cargo theft and freight laundering rings that are leaving drivers, carriers and even brokers liable for millions of dollars in losses.
Norfolk Southern has tabbed investment banker Michael Barr as vice president of investor relations and treasurer.
In this edition: The logistics behind Christmas trees, changes to import inspections, and the frozen food competition heats up.
Fears of new tariffs and a strike at East Coast ports combined to push up ocean container rates on Asia-U.S. routes in December.
Now on demand on A Very WHAT THE TRUCK?!? Christmas Dooner is joined by Craig Fuller; Matt McLelland; Jason Johnson; Rikki; Tom Curee; Jamie Hagen
CloneOps.ai has received funding from industry investors including Sope Creek’s Kevin Nolan, who sees a positive future for augmenting human talent in brokerage.
This week: Double brokers grab $1M in toys and porch pirates have a dance off
Through real-time temperature monitoring, predictive analytics, and smart routing, Forefront Global Logistics minimizes spoilage and ensures that fresh produce reaches its destination at peak quality.
In a security upgrade, the Federal Railroad Administration has issued a final rule that limits railcars and parts made in China.
Reverse stock splits offer an immediate – if artificial – benefit to companies struggling with low stock prices. But they rarely work out long term.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
Current forecasts indicate a significant escalation in tariff levels, potentially rising to an imposing 75% on Mexican goods by September 2026, aligning with a strategic pivot toward a protectionist trade policy.
California has received a waiver that allows tighter rules on diesel emissions; will it have a short shelf life?
FedEx’s decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers sought to provide comprehensive transportation solutions for their customers.
The freight broker transparency fight four years in the making is shining a light on tensions between brokers and carriers
Cross-border trade flows for industries such as autos, lumber and agrifoods could be affected by President-elect Donald Trump’s proposed tariffs, experts said.
China Airlines is investing about $2 billion in large, future-generation freighter aircraft from Boeing.
CSX in a filing listed September 2025 for completions of emergency repairs following hurricane damage to the former Clinchfield Railroad route through Tennessee and North Carolina.
Viahart President Molson Hart spoke on the Bring it Home podcast with co-hosts Craig Fuller, founder and CEO of Firecrown Media, and JP Hampstead, strategic analyst at Firecrown, about why he decided to bring some production back to U.S. shores for his toy company.
FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.
Shippers would have to move 10% of all seagoing Chinese imports on U.S.-flagged and -crewed vessels under the terms of proposed bipartisan legislation.
Surveying the issues in the strike against Amazon by the Teamsters union and defining an “employee” can get tricky.
Intermodal volumes are robust, even past peak retail season. What does it mean for 2025?
Looking ahead to the next four years, the White House and DOT recommend building up supply chain transparency and domestic manufacturing.
The North American Council for Freight Efficiency’s recent fleet fuel study highlighted truck fuel economy gains of 7.77 mpg compared to the national average of 6.9 mpg in 2023.
Tender rejection rates have surged to 8.36%, marking the highest point since June 2022 and a massive one-week surge of 190 basis points.
Now is the time for companies to optimize their operations and onboard new strategic providers to safeguard themselves over the next year.
Intermodal continues to pace weekly U.S. rail traffic while carloads edged downward, according to the Association of American Railroads.
The International Longshoremen’s Association has the backing of President-elect Trump in its contract fight with East and Gulf Coast port employers, who may yet have the final say.
Frank Kenney of Cleo gives insight into the current challenges of AI in logistics and how incremental integration over the next decade will be crucial for maximizing efficiencies.
A federal bankruptcy court has approved two sales totaling $192.5 million for 12 of Yellow Corp.’s terminals.
Even though actual congestion hours decreased, a jump in truck operating costs – including a 12% increase in driver compensation – drove record costs attributed to congestion.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan Petersen; Andrei Hippix
SONAR’s latest release introduces a game-changing feature: the National Insights Landing page. This powerful tool provides a comprehensive overview of the freight market, highlighting shifts in capacity, demand and fuel prices. The intuitive interface spotlights weekly top-moving markets, allowing users to quickly identify trends and opportunities.
Tender rejection rate rises as holidays approach The tender rejection rate has risen steadily since early October despite tender volume declining. That implies that capacity is leaving the market, which […]
A newly completed CPKC rail bridge linking the U.S. and Mexico is expected to double capacity for cross-border trade.
The rebel militia that has spent the past year terrorizing Red Sea shipping may be taking a new tack as events unfold in the Mideast.
Direct ChassisLink Inc. announced it’s adding GPS tracking to its entire fleet of 53-foot domestic chassis.
Drew Wilkerson, CEO of RXO, spoke about RXO’s recent acquisition of Coyote Logistics, implementing newly acquired technology and his thoughts on M&A in 2025.
Global Crossing Airlines is branching out from the U.S. market to help investors start a charter airline in Australia, serving passenger and cargo airlines.
The Teamsters are making gains at Amazon and among the company’s direct service providers, but the e-commerce retailer says not so fast.
Continuing consumer demand and frontloading by importers in November helped the Port of Los Angeles to double-digit gains in container volumes.
A family-owned Missouri trucking company with 265 trucks and 255 drivers recently filed for Chapter 11 bankruptcy protection.
DAT, the dominant leader in the load board business, has sneaked an abusive and predatory term into its agreements with clients. No one should ever sign DAT’s default agreement.
Inside the WHAT THE TRUCK?!? newsletter: trucking rates hit two-year highs; tariffs spook shippers and consumers; Houthi conferences; and more.
An online auction was underway Tuesday to sell some of the assets of intrastate trucking company D.A.F.S. Transport of Monahans, Texas, which operates primarily in the Permian Basin in West Texas.
To meet the needs of an evolving market, Samsung SDS developed the end-to-end global logistics platform Cello Square. Executive Vice President Kooil O details how the platform helps shippers manage logistics processes, from strategic supply chain planning to efficient import and export execution.
American military forces protecting Red Sea shipping launched an airstrike against Houthi rebel bases inside Yemen.
Pavel Ivanovich Turlak pleaded guilty Friday in the Eastern District of Washington to violating Clean Air Act emissions controls and to fraudulently obtaining COVID-19 relief money.
In this edition: Looking back at the 2023 predictions for 2024, and freight broker tries for the Supreme Court again.
DAT Freight & Analytics spoke with FreightWaves about DAT’s acquisition of Trucker Tools and how it plans to address connectivity issues, fraud and customer needs in the new year.
Domestic manufacturing can be a huge driver for trucking freight demand.
In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.
The benchmark diesel price used for most fuel surcharges rose this week from the lowest level in more than three years.
Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.
To honor fallen veterans during the holidays, a number of companies regularly partner with Wreaths Across America to deliver wreaths for placement on headstones. Among them are BNSF Railway and […]
A key case regarding California’s ability to receive environmental waivers, Ohio vs. EPA, won’t be taken up by the Supreme Court.
A controversial drug-testing regulation affecting truck drivers and motor carriers is now scheduled for release under the Trump administration.
Credit evaluator Fitch Ratings is changing its outlook for global container shipping in a move that could make it easier for vessel operators to issue debt or borrow money.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Lori Dietrich; Josh Anderson; Scott Cornell; Jesse Buckingham
During the holiday season, the usually low-volume Pacific Northwest changes from one of the easiest regions to source truckload capacity to the most difficult.
Trucks that use renewable natural gas make up 10% of Paper Transport’s fleet, and the truckload carrier anticipates greater adoption of RNG.
Hey truckers, listen up! The freight market’s heating up, and it’s looking good for your wallets. Let’s break down what’s happening and what it means for you out on the road.
President-elect Donald Trump over the weekend again backed union dockworkers in their fight to block automation technology at East and Gulf Coast container ports.
As we approach the final days before Christmas, it’s becoming evident that the truckload market has experienced a peak season stronger than those of the past two years.
TQL isn’t satisfied with its victory in a federal appeals court; it wants the Supreme Court to take up the question of broker liability.
Telematics is leading the way in efforts to gain control over trucking insurance premiums.
Air cargo demand is projected to slow to 6% next year, bolstered by positive economic supply chain and economic trends against a backdrop of rising geopolitical uncertainty.
Rejection rates and spot rates are likely to see further upward movement with less than two weeks until the Christmas holiday.
In a stunning turn of events, California-based trucking company Kal Freight Inc. has filed for Chapter 11 bankruptcy protection, unveiling a web of fraudulent activities that have sent shockwaves through the industry. The company faces serious allegations of financial misconduct and asset mismanagement.
This week in Borderlands: Cyberattacks rise in Mexico as cross-border trade grows; California begins construction of second Otay Mesa border port of entry; Yamato Transport launches cross-border trucking service; and Buchanan Capital Partners acquires Texas logistics warehouse.
There is nuance in this freight market flip. Why is this transitioning truckload market unlike any other?
The ability of California to receive a waiver for tougher environmental rules will be taken up by the Supreme Court.
In the ever-evolving landscape of the freight industry, a new phenomenon is emerging that threatens to upend the delicate balance between shippers and carriers. Known as “carrier revenge,” this impending shift in market dynamics promises to reshape how goods are transported across the nation.
The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023.
A union contends that the federal government would be subsidizing job elimination if it approves a Buy America waiver for an Alabama intermodal project.
Teamsters Canada leaders want federal officials to stay out of contract negotiations and back rail workers’ right to strike.