Finance

South and West freight futures tumble Friday, weighing on National average.

Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.

SAP now appears to be emphasizing profitability and widening cloud gross margins over organic revenue growth.

The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.

South and West Trucking Freight Futures stumble on Thursday, dragging the National average lower.

Middle-market leveraged buyouts are cooling, but institutions still taking risk on the venture and growth equity side of the industry.

Company eyes cross-border volume growth and efficiency improvements.

Swedish truck maker AB Volvo reported higher third-quarter profits and sales on Friday, October 18. But it warned that orders for new trucks in North America and Europe continue to decline and a strike at its Mack Trucks unit could pinch profits depending on how long it lasts.

Japan’s freight industry is set for a downturn on the back of declining economies in the U.S., China and the Eurozone, new research reveals.

Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next year by replacing smaller aircraft […]

Fundamentals in the Atlanta market a key driver for East regional Trucking Freight Futures on Wednesday.

Rationalizing additional network assets is still a possibility in 2020.

Brexit is now only two weeks away but the dangers facing truckers and shippers continue to mount.

Despite revenue miss. IBM continued over two straight years of earnings beats.

The eastern U.S. railroad declined to share its expectations for 2020 but said it would be prepared should rail volumes rebound.

East Trucking Freight Futures on Tuesday continued to lead a lackluster market.

September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.

J.B. Hunt Transport Services reports earnings light of expectations, but cost headwinds from digital platform transformation appear to be the primary culprits.

This story was updated at 7:40 p.m. EST, 10/16/19. Correction also made for percent drop in Delta’s cargo revenue. United Airlines [NASDAQ: UAL] reported cargo revenue dipped 4.7% to $282 […]

National Trucking Freight Futures rates open the week lower on weakness in the East.

P.A.M. Transportation Services calls out GM strike as the primary reason the carrier failed to meet earnings expectations.

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.

FreightWaves finds growing evidence that manufacturers and distributors are transferring operations from the U.K. to northern Europe.

Maritime carriers are leaving up to US$110 on the table every time they carry a box, according to research from startup MizzenIT. And that means ocean carriers could be missing out on hundreds of millions of dollars a year simply by not charging the right price.

Trucking Freight Futures in and out of Los Angeles on Friday strengthen on US-China optimism.

Now Goldman thinks that ISM data won’t turn positive until Q2 2020.

Big air trade drops with major trading partners leaves industry looking for backfill

Noel Perry heads Transport Futures in Harrisburg, Pennsylvania. In addition, he heads Transportation Economics, a consulting company focused on strategy, market research and forecasting for the North American freight transport […]

The company employed 540 drivers and was Camping World’s primary delivery service for RVs

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.

Renowned logistics analyst explains how Brexit will impact cargo flows, liner shipping calls and European supply chain planning.

British billionaire James Dyson has abandoned his dream of building an electric car.

Fundamentals continue to drive strength in the East regional freight futures markets.

Updated: 3:41 p.m. Correction: Cargo revenue dropped 17%. Representing $37 million less, not 37% drop. Delta Air Lines’ cargo revenue dropped 17% to $189 million in the third quarter and […]

With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail’s bottom line?

American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded the plane for safety reasons. […]

Freight futures looking beyond the East region for some direction on Tuesday.

The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared to 2.4% the month before. […]

Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.

The Indian economy is crumbling on the back of an engineered crisis brought on by current government through measures like demonetization, a botched attempt at unifying the country’s tax system, and economic reforms that stifled consumerism.

Atlanta market freight futures strengthen on Monday as a result of trade flows.

Volatile start to Freight Futures last week ends quietly; Regional trends emerge.

For decades, the European freight rail system has had no major upgrades with regard to axle load capacity, train length or car vertical height.

Bird CEO Travis VanderZanden said that for the past year, positive unit economics has been Bird’s top priority for a sustainable long-term business. This is an ideology that departs from that of many startups and emerging companies whose focus seems to be on top line growth and revenue building.

National futures forward curve points to potential economic trouble ahead.

The Baltic Exchange has been unrivaled in its creation of indices for dry freight futures. That may be about to change.

The transfer of production out of China to avoid U.S. tariffs of up to 25% is having a tangible impact on global trade flows.

Spain’s road transport sector faces a “profound” shortfall in drivers, says IRU

The forward curve inches lower.

Freight Futures mostly unchanged in quiet trading session on Wednesday.

Energy markets appear to believe that capacity constraints will raise diesel prices next year.

After a lower contract roll, Freight Futures start looking to fundamentals.

Salesforce drew on three years of data from 4,500 e-commerce sites to generate its forecast.

Meritor, Inc. announced that it is laying off employees across the entire company in response to declining global truck and trailer demand.

Less-than-truckload volumes to continue to be pressured by weak September ISM report

Like Lyft, Uber is also decentralizing car-sharing in an effort to defy categories and shift user perception.

Large swings in futures front month prices as spot month “rolls” to October.

DHL Group announced its Strategy 2025 where it expects digitalization to help power its EBIT to at least €5.3 billion by 2022.

In 2020, growth is expected to slow further in nearly every global region, except Latin America and emerging Asian economies.

U.S. Xpress announced that it has amended its credit facility to provide the company with a little more flexibility on its financial covenants as an act of prudence.

Last week in Trucking Freight Futures: A tale of three regions!

John “JT” Engstrom has spent 10 years studying the freight world. Here’s what he learned:

Ride-hailing and peer-to-peer models cut into traditional car-sharing market.

A big drop in the East region drives the National freight futures index lower on Thursday.

The Seasonally Adjusted Annual Rate (SAAR) for new Class 8 truck orders in 2019 is trending at approximately 150,000. Note that this number includes orders for interstate, intrastate and private fleets. […]

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 […]

More scooters are hitting the streets, but investor sentiment is still mixed.

Freight Futures quiet on Wednesday with a focus on PHI.

Satellite-based data and analytics provider, Spire Global, announced that it has received over $40 million in a new round of funding.

Freight Futures forward curves on Tuesday point to a mixed to lower rate environment.

Shipping equities have suffered through a rough couple of years, but hope persists that market capitalizations and trading volumes can be resuscitated.

Countries around the world are aligning their corporate insolvency regimes with the U.S. system. Lawyers say alignment will benefit the international ocean shipping industry.

Revenue growth on negative unit economics is dead as a business model.

Freight Futures began this week where they left off last week.

Germany has unveiled a climate package which experts believe is not ambitious enough, coinciding with the time Germany inches closer to an economic recession.

Larger fleets positioned to reap benefits from carrier bankruptcies

But a lot depends on stabilizing global growth and an industrial recovery in the United States.

Brian Aoaeh explains why the trucking industry is ready for freight derivatives.

Weakness in East drives National freight futures lower for the week ending 9/20.

Data is enabling businesses across industries to optimize their resources and become more efficient, and commercial trucking is no exception.

European auto unions and trade groups have come out with a statement that warns of a seismic impact on the auto economies of the EU and the U.K. in the absence of a Brexit trade deal.

A Solera board member alleges that in 2017 Vista tried to force it to buy another portfolio company, Omnitracs.

FreightWaves President George Abernathy makes hedging fun at CSCMP Edge 2019.

When a company raises a significant amount of capital this close to its public offering, it could reflect cash insecurity or the basic desire to raise its valuation.

A rate correction in the East drives National freight futures lower on Thursday.

Increased freight volumes out of Texas due to Imelda drive DAL to LAX futures on Wednesday.

A recent polling of business leaders regarding future plans for capital investment declined sequentially in the third quarter. Capital investments traditionally lead to future freight demand and have been a meaningful contributor to recent economic expansion in the U.S.

LAX to SEA futures strengthen on Tuesday in an otherwise quiet day.

FedEx posts lousy fiscal q1 results but insists that the long-term outlook remains bright

Trucking Freight Futures began the week Monday with mixed results.

What is the Logistics Managers Index and why should you care? Anthony Smith explains:

The autonomous trucking company announces an additional $120 million in Series D investment.

Lower Friday spells end to a mostly down week for Freight Futures.

Market interest shifts West with potential ease in trade tensions.

The primary cause of the deteriorating outlook for the next 12 to 18 months is trade policy.

Radiant Logistics, reported several records for fiscal 2019, but the company would most like to make an acquisition or two.

Freight Futures data to watch today: Spot National vs Regionals The spot month National contract (FUT.VNU201909) closed down 0.35% to $1.467 per mile. Regionally, the East contract (FUT.VEU201909) continued to give […]

Two of the nation’s largest truckload carriers said they are seeing green shoots in freight demand.

Futures prices being driven by shifting freight flows to the East