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
BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.
The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank’s charter before its Sept. 30 expiration.
YRC Worldwide announces new debt financing agreement. The latest step in it’s latest restructuring.
Airlines use a lot of skills to maximize freighter and wide-body space for cargo
The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.
CHI to ATL futures (VCA) lower on Dorian “risk premium” removal.
Acquisition of Panalpina creates one of the world’s largest transport and logistics companies.
Can carload rail become a volume and market share leader in today’s emerging high-tech freight logistics world? Or will it continue to exhibit a declining role?
PHI to CHI lane (VPC) stronger on increased freight into NY/NJ
The move signals the shift from a tech startup to a mature logistics operation.
The financially troubled Indian carrier grounded operations in April.
Allison Transmission Holdings Inc. is paying $103 million to acquire two suppliers of critical components to its automatic transmissions. The company said the acquisitions will no impact its fiscal year earnings.
Healthy container throughput growth suggests they might be.
Risk-averse money is still entering the FreightTech space.
CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.
According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.
Futures forward curve sentiment falls for freight out of LAX
The Tasmanian airport is gearing up to become a cargo hub.
The air cargo-handling arm of financially troubled Chinese conglomerate HNA Group refinanced corporate debt in August.
Nikola Corp. revealed two more funding sources of its heavy-duty fuel cell truck on Thursday, September 5. German supplier Robert Bosch LLC and South Korean solar panel maker Hanwha Group each invested at least $100 million cash in earlier funding rounds.
While management teams at some of the nation’s largest TL carriers have been talking up the potential for a solid peak shipping season, Universal Logistics has seen peak season sentiment move the opposite direction.
East region forward curve tracks lower expectations for rates and impact of Dorian
Daseke eliminates the role of president as it increases and accelerates its cost savings initiatives. The company will continue to search for a new CEO and begin looking for a new CFO.
With rail traffic lower year-over-year and PSR initiatives in full swing, it’s understandable that soft railcar demand attracted attention at an investor conference.
Old Dominion, ArcBest report sluggish monthly
East futures lanes little changed on the uncertainty of Dorian; SEA to LAX firms
Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.
Navistar International Corp. blew past revenue and earnings estimates for its third fiscal quarter. It is reducing production but expects to gain market share in a softening market.
The Amsterdam airport did report an €18 million year-over-year increase in revenue for the first half of 2019.
Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?
Trucking Freight Futures lanes in and out of ATL up significantly in fear of Dorian
There isn’t a driver shortage. In fact, there is a glut of capacity on the road, and not enough freight to haul.
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.
Freight Futures lane to watch today: ATL to PHI
GDP growth hits 3.7 percent on trade surge, but patches of weakness in householding and business spending paint a mixed picture.
COSCO Shipping Ports (HKEX: 1199) reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one of its port assets and […]
Freight Futures lane to watch today: East US Long Haul Van Average
Freight Futures lane to watch: LAX to SEA
2019’s unfavorable operating environment claims another truckload carrier.
Several intermodal containers on trains running between China to Europe run empty due to lack of exporter demand for capacity.
Editor’s note: This story was updated to reflect that the company’s CEO says he is working to bring drivers home. HVH transportation, a 344-unit trucking company, has abruptly shut down. […]
Australia Post, a government-owned post and freight service, has reported revenues of just under A$7 billion but has experienced a massive fall in profits.
MUFG Bank’s anticipated acquisition of the aviation finance business of DZ Bank draws scrutiny.
Bob Costello still believes in the driver shortage.
Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.
Rates manage to outperform volume drops as carrier swings to profit.
Various predictions of doom are sprinkled through a document
The features allows SONAR users to see how sentiment evolves over time in the freight futures market.
But good news for the trucking sector: the assets stick around and activity continues
The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders fund electric vehicles and Aussie trailer maker reveals a shocker set of financial results.
Fed policy talk and China’s retaliatory tariffs couldn’t spook the markets. It was the President’s tweets that sent the markets into a tailspin. With tariff increases on the horizon, we can be somewhat certain that more uncertainty and volatility will likely ensue for the transportation stocks.
Truckload volumes are now up 4.99 percent year-over-year.
How Flexport is managing the challenges of todays air cargo environment
The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.
China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from […]
Trucking, freight and international forwarding business TIL Logistics (NZX: TLL) of New Zealand has reported solid revenues of NZ$355.1 million (US$226.94) and a small net profit after tax of NZD$4 million (US$2.56 million).
The freight industry is being battered by falling volumes and loosening capacity, with tightening credit standards further exacerbating the situation.
Qantas announces a test program to fly nonstop from New York and London to Sydney. This long-haul flight may also present cargo opportunities.
Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.
Digital freight brokers continue to add services in the pursuit of carrier stickiness.
Sanguine outlook could flip, but retailers look well stocked ahead of peak season.
Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…
ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.
Cathay Pacific expects “a much more significant impact” to revenue in August as recent unrest in Hong Kong will likely weigh on its financial results.
Target provides an optimistic shot in the arm as the mega-retailer reports a strong quarterly performance and raises its full-year outlook.
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
Since Uber went public in May 2019, journalists and analysts have sharpened their skepticism regarding the viability of the company’s sweeping ambition and future-reliant success. A 23 percent drop in […]
The nation’s largest logistics warehouse owner, operator and developer bolsters its Los Angeles portfolio with an increasingly difficult find.
The United States-Mexico-Canada Agreement (USMCA) was the hot topic at the most recent meeting of the Laredo Motor Carriers Association (LMCA). Trucking industry leaders, customs brokers, freight forwarders and trade […]
PE firms pay up to eight times EBITDA for chemical haulers.
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more […]
A lot of new pipeline capacity is kicking in and the need for trains is going to be greatly reduced.
OTVI.USA began the week with a rocky start before recovering to finish the week.
FreightWise found a sweet spot in SaaS-based parcel and LTL managed transportation.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
Contract rates are still sliding down against steady spot rates.
As the world’s largest retailer, the company is often seen as a bellwether for the overall retail landscape.
Avianca continues to dispose of aircraft during its financial restructuring.
Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.
