Even with a better-than-expected fiscal second quarter, Greenbrier invokes several measures to protect its workers and the “viability of the enterprise.”
Spot National Trucking Freight Futures opened flat on Monday as the Atlanta to Philadelphia lane weighed on the East region.
Passenger aircraft are being used to fly essential cargo between continents. Learn more about what the airlines are doing to survive and to assist key supply chains.
It was another strong week for Trucking Freight Futures as the April contracts “roll” to the new spot month.
FedEx provides a rather dim near-term outlook on operations and announces cost savings and balance sheet actions to preserve liquidity.
Trucking Freight Futures finish Thursday’s session mixed as the Dallas to Los Angeles lane (VDL) continues to rise.
QuickPay gives fleets access to same-day payment on the loads they deliver.
March Trucking Freight Futures contracts move to expiration as April “rolls” in as the spot month on Wednesday.
Tyson Foods plans to pay drivers and essential personnel $60 million in “thank you” bonuses for service during the pandemic.
After a surge in freight over the past few weeks, UBS transportation analyst Tom Wadewitz is predicting a rough two months.
Roadrunner Transportation Systems announces the sale of another business unit, this time unloading Stagecoach Cartage and Distribution.
A 10,000 mile hedge was executed on Tuesday in the July 2020 East Regional Trucking Freight Futures contract at $1.628/mile.
Trucking Freight Futures continued to climb on Monday as the March expiration approaches.
Hub Group joins other transportation companies in accessing revolving credit to improve liquidity.
ArcBest battens the hatches on coronavirus concerns. The company draws down available credit and implements business continuity plan.
Panic demand drives week-over-week surge in Trucking Freight Futures prices as futures close out strong on Friday.
Trailer spotting and shuttle provider Lazer Spot acquires peer PHB Transport.
“A lot of carriers could go into bankruptcy without help,” Energy Transportation Group CEO says. But a 75% wage subsidy from the Canadian government offers hope for vulnerable trucking companies and freight demand hit by COVID-19.
Trucking Freight Futures continued to move higher on Thursday as supply chain tightness persists.
Roadrunner seeks voluntary delisting from the NYSE as it continues its reorganization and focuses on asset-light offerings.
Clear benefits in its truckload and dedicated divisions, but challenges in brokerage.
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
Trucking Freight Futures stage broad rally on Wednesday on tight capacity in the West.
Airlines were among the big industry winners when the smoke lifted and Congress finalized a $2 trillion economic stimulus package to deal with economic fallout from the coronavirus.
Forager is filling engineering and product positions in Chicago.
Trucking Freight Futures closed higher on Tuesday on strength in the East region.
The International Air Transport Association had sobering news about the financial prospects for airlines this year: a quarter-trillion dollars in lost revenue.
P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.
J.B. Hunt announces $500 one-time bonus for drivers and field staff serving during COVID-19 pandemic.
Morgan Stanley upgrades its freight transportation industry view from “cautious” to “in-line.” The firm lowered its earnings expectations for the group.
Brian Aoaeh is a contributor of commentaries to FreightWaves. Last week he wrote Commentary: Supply Chain Caucus established in U.S. House of Representatives. That spurred an idea to write the […]
Treasury Secretary Mnuchin stated the US unemployment rate may reach 20% in the short term if significant fiscal stimulus action was not taken. We estimated whether the modern economy could reach such levels.
Trucking Freight Futures trend lower in quiet trading session on Thursday as the spot National contract slips to $1.363/mile.
BCOs handled 45% of shipments by revenue in the fourth quarter of 2019.
Limited food options in the new Pennsylvania opening, but better than zero.
TA’s CEO says it’s a sign of supply chain “resilience.”
Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.
Trucking Freight Futures held steady on Wednesday as the April National contract (VNU) saw 10 more contracts trade at $1.375/mile.
OmniTRAX announces new CFO following several additions to the management team.
Canadian bank’s transportation portfolio already had been sagging.
ACT Research cannot model downturn scenarios fast enough for Class 8 trucks, but high inventory levels make the coronavirus crisis a good time to take a production break as demand is practically nonexistent.
Trucking Freight Futures rally as the April National contract trades at $1.375/mile with more companies returning to the market to hedge their exposure to freight rate volatility.
Company suspends fiscal 2020 earnings forecast due to COVID-19 outbreak
It won’t be the last opportunistic e-commerce acquisition we see.
Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.
The Trucking Freight Futures markets finished Monday unchanged to mixed, pointing to continued tightening of spot market capacity.
Amazon.com, Inc. plans to add 100,000 workers, increase hourly wages and limit items received into its fulfillment centers in response to the coronavirus outbreak.
Stifel Financial’s conference call with industry executives forecasts supply chain disruption extending to July or longer.
Trucking Freight Futures posted moderate gains across the board on Friday to wrap up a tumultuous and volatile week.
Trucking Freight Futures finish higher on Thursday as capacity tightened to meet demand of panic buying caused by the coronavirus pandemic.
Are there too many railroad freight cars? Jim Blaze writes about many reasons why this is the case.
Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.
Most companies are right near the 25% decline in the market since February 1.
Trucking Freight Futures finished Wednesday’s session mixed as the East region shows strength on fundamentals and volume of imports.
Trucking Freight Futures stabilized to end slightly mixed on Tuesday as global equities and oil markets rebound.
Cross-border trucking and logistics firm isn’t cheering for the pandemic. But for the moment, freight volumes are increasing in Canada and the U.S. even as fears over fallout loom on both sides of the border.
“The reality is that neither major political party has been particularly good for small-business truckers for a long time.”
Lightweight electric van maker expects to build 300-400 units this year as transition to production inches forward while costs remain high amid Q4 revenue of just $3,000.
Trucking Freight Futures continued to decline on Monday as the collapse in the global equities and oil markets weighed heavily on rates.
Daseke expects weakness in the industrial markets and oil and gas sectors to persist. Management said the environment was sequentially weaker in the first quarter.
Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.
The Trucking Freight Futures markets were dragged lower for the week as the outbound LAX lanes plunged on Friday.
XPO announces deal to buy the majority of Kuehne + Nagel’s U.K. contract logistics segment. The deal comes shortly after XPO announced plans to divest units.
Trucking Freight Futures appeared to find their footing on Thursday amidst the return of mild to moderate volatility in freight rates.
Calm continued as the Trucking Freight Futures markets ended Wednesday mixed to fractionally lower and the Atlanta to Philadelphia lane continued to strengthen.
The logistics startup aims to improve delivery performance for construction industry.
Transportation and logistics software provider 3Gtms acquires cloud-based shipping software provider Pacejet.
After a wild couple of sessions, calmness returned to the Trucking Freight Futures markets on Tuesday.
Tonnage headwinds and better yields are the story so far in 2020. Old Dominion Freight Line reports modest revenue decline.
Profits grew in the fourth quarter and full-year 2019 at ATSG as its leasing and airline subsidiaries both performed well.
Difficult quarter met expectations as truck maker weighs unsolicited buyout offer from TRATON SE that would assure Big Four manufacturers remain in North American trucking industry.
Trucking Freight Futures remained under pressure on Monday, despite a rebound in the U.S. equities markets, as March becomes the new spot month.
‘Strong sales’ in February are expected to continue through Easter. Disruptions to the company’s supply chain continue to be monitored.
The Waymo round reflects new consolidation in the self-driving space
Final-mile acquisitions continue. CRST adds to its service offering by acquiring NAL Group.
Trucking Freight Futures significantly down for the week as February contracts enter expiration and fears of significant supply chain disruption grows.
China’s largest ecommerce company, JD.com, not ready to completely quantify coronavirus disruption.
Trucking Freight Futures tumbled on Thursday on growing fears of a global supply chain slow-down due to the continued spread of Coronavirus.
Though still quiet on Wednesday, activity in the Trucking Freight Futures began to return as the market deals with uncertainty.
It has been a particularly rough start of the year for tanker stocks despite exceptionally strong results.
FreightCar America’s fourth-quarter results highlight the weakened railcar demand environment.
PS Logistics announces that it has completed the acquisition of Southeast Logistics.
The unit was acquired from GE Capital in 2015 and has struggled recently.
No evidence yet of coronavirus-induced drop in dry bulk rates. Is it coming?
Schneider National’s new Dallas operating center set to open as the company looks to grow its active fleet.
Trucking Freight Futures continued treading water on Tuesday as the spot contract “roll” approaches at the end of this week.
Lowe’s sees positive sales comps in 14 of 15 regions, but full-year fiscal 2020 guidance disappoints.
ORBCOMM lowers full-year 2020 guidance given recent coronavirus developments.
In the past 30 years railroad freight cars have been able to carry heavier loads, thanks to decisions made in the late 1980s. Read Jim Blaze’s article about what happened and how it has been very important to the railroads.
Trucking Freight Futures stuck in neutral on Monday as Coronavirus fear grips market.
The Home Depot continues to report record sales growth on the back of a “very strong” consumer.
Higher fuel sales and restoration of the federal tax credit for biodiesel blending boosted the bottom line. However, operating margins continued to be under pressure and the travel center operator borrowed money to cover general expenses.
More mergers and acquisitions in the final-mile space as Atlas Logistics acquires last-mile solution in TopHAT deal.
Lower operating expenses helped buoy BNSF’s quarterly and annual profits despite declines in rail volumes and revenue.
Despite the relative calm since last Tuesday’s trading session, Trucking Freight Futures finished the week moderately lower.
Transporting legal marijuana and related products remains difficult. Learn why in this article.
Head of academic center sees spike in rates, or continued pain through the sector.
A pattern of stability has developed over the past two trading sessions as Trucking Freight Futures await next catalyst.
Higher margins from completed vehicles help offset hit from GM strike as Canadian auto manufacturer warns of potential impact of coronavirus.
Americold sees “lots of occupancy opportunities” for cold storage moving forward.
