Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
The trucking apocalypse is upon us, and it has taken its latest victim. This time, it’s a 40-year-old carrier out of California. Timmerman Starlite Trucking Inc. of Ceres, California, announced […]
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
Producer price data shows that trucking rates made some gains in June, but much of this was likely driven by seasonality
United States and Mexican avocado growers and importers recently broke ground on a partnership facility called “Casa APEAM” in Uruapan, Mexico. The new $12 million facility will be a venture […]
Daimler provides lower financial guidance for the second time in less than a month.
Premiers seek to improve the flow of goods among provinces, but stop short of pushing for major leaps during annual summit.
U.S. Xpress lowered its financial outlook for the second quarter 2019 as well as the full year.
Texas Gov. Greg Abott recently signed a bill aiming to speed up the inspection process for trucks carrying fresh produce across ports-of-entries along the Texas-Mexico border. Texas House Bill 2155, […]
Although volumes are down across modes, rails don’t need top-line growth to improve cash flows.
Every installed scrubber will be one less ship competing with existing buyers of diesel in the post-IMO2020 world.
A week after several international border bridges between the United States and Mexico had to be closed because of the migration crisis, U.S. officials announced migrant border arrests fell 28 […]
Drivers of 18-wheelers, tractor-trailers, delivery trucks, freight trucks and tanker trucks hauled more than $671 billion in goods across the United States-Mexico border in 2018. However, there are around 50,000 […]
Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.
Latest U.S. trade data for air cargo reveals a lot of noteworthy developments to watch going forward
Cummins Inc. announced that its board of directors has approved a 15 percent increase to its normal quarterly cash dividend.
The November 2019 contract is being bid at $2.01/mile and falling.
As one of the fastest growing economies in the world, India has its fair share of trouble reducing its overall spend in logistics. Looking at improving infrastructure and creating multimodal hubs can help.
Hope springs eternal for shipping stocks. Some analysts claim now is finally the time to jump back in.
Jim Blaze writes about railroad movement of scrap – the market today and the future of the market.
This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter […]
Cathy Roberson writes about Beijing’s new airport – and plans for many new airports in China and what impact they may have on the economy of the country.
FreightWaves’ Freight Intel Group has released a new study of the impact of IMO 2020 on the U.S. trucking industries (and other industries). Read what may happen to diesel fuel prices.
More than $400 billion in freight crossed in both directions through the United States-Mexico border by truck in 2018. In Laredo, Texas, alone, more than two million trucks carried goods […]
Job growth rebounded nicely in June as the economy added 224,000 workers to payrolls during the month. The transportation and logistics sector was one of the many areas of strength in June, led by improved gains among parcel and trucking companies.
Port Corpus Christi could emerge as the United States’ top crude oil export hub over the next decade, thanks to more than $380 million in new shipping facilities and three […]
It may have gotten lost in the United States’ trade war with China and immigration battle with Mexico, but President Donald Trump’s steep tariffs on all imported steel and aluminum […]
Softer air cargo seen across all major global trade lanes this year, but Industry leaders still optimistic.
Two large private carriers are set to combine in a $2 billion deal that rebalances the food and beverage distribution landscape.
Halliburton, Schlumberger Limited, and Basic Energy Services have seen their stock prices decimated by weak demand and a fierce price war.
A climbing stock market could have consumers reaching for their wallets more often and making bigger purchases, helping sustain retail growth throughout the summer.
After the threat of President Donald Trump’s tariffs, Mexican freight transporters are now facing a new challenge with an anti-immigration checkpoint in Ciudad Juarez that is stretching wait times up […]
Ben Thrower writes about the potential of Facebook’s new cryptocurrency.
GBX management explains soft guidance and provides outlook for sequential earnings improvement.
Cold beers, grilled meat, guacamole and fireworks are part of many Fourth of July parties, and San Antonio is benefitting from inbound shipments as the national holiday approaches. The San […]
Jim Blaze writes about the movement of grain by rail. This is a huge business for U.S. and Canadian railroads, and is also critical to the export market of the two countries.
Cathy Roberson writes about Vietnam’s growth as a manufacturing center as manufacturing moves from China to other nations in Southeast Asia.
Uber Freight moved 1,500 loads for Ocean Spray last year, and the shipper says the relationship will continue to grow.
Volkswagen’s spinoff of its heavy-truck unit TRATON paves the way for it to pursue Navistar further.
GWR acquired in $8.4 billion deal that many investors view as the plan all along.
The economic roundup summarizes recent developments in the macroeconomy as they relate to freight demand, and highlights key trends worth watching in the upcoming month.
We caught up with Gary Saykaly, who is running a new Trucking & Freight Derivatives Group at Lakefront Futures & Options.
Top transportation economist Paul Bingham goes in-depth on trade war freight consequences, both pro and con.
Celadon Group announces a credit facility amendment which extends the maturity date and increases lending capacity.
TRATON’s shares open at 27 euros, the low-end of the deal range, and immediately fell below that price.
Generic corn and wheat futures are up nearly 30% since May 10 on depressed yields and constrained transportation in the Midwest.
WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.
The Port of Brownsville recently received a key permit from the U.S. Army Corps of Engineers to deepen the 17-mile Brownsville Ship Channel. Dredging on the $350 million project could […]
Donald Broughton writes the second part of his look at the Gross Domestic Product (GDP) and how transportation professionals can tweak GDP numbers to better understand and forecast the business environment they are competing in.
W.M “Rusty” Rush III and his stepmother, Barbara Rush, continue to fight in a Texas court over the late W. Marvin Rush II’s estate. The death of 79-year-old W. Marvin […]
No single country can absorb the trade flow from China to the U.S., and likely contenders are already growing faster than capacity.
Hours before self-driving start-up Drive-ai was scheduled to close its doors and lay off all of its staff, Apple swooped in to buy the company.
CIMC Vehicles, the world’s largest maker of specialty truck bodies and trailers as measured by sales volumes, increasingly appears to be heading for an initial public offering (IPO) on the Hong Kong Stock Exchange.
Charley Dehoney writes about the process to finance a freight tech/logistics tech start-up.
The African Continental Free Trade Area (AfCFTA) will boost trade between African partner states by removing tariffs. This helps the U.S. improve trade relations as it takes out the need to draft separate trade agreements with individual African states.
Business is good at the Otay Mesa port of entry, California’s largest commercial land port of entry, which tallied a record $50 billion in two-way trade with Mexico during the […]
Sealed Air announced the for cause termination of its Chief Financial Officer, William G. Stiehl, as an investigation into its accounting and financial reporting practices continues.
Market expert Jim Blaze writes about the railroads’ transportation of fracking sand, as well as stone and gravel, aggregates and phosphates.
Daimler AG announced a “high-three digit million” hit to second quarter 2019 earnings related to ongoing expenses to remedy its diesel emissions woes.
2019 is shaping up to be the worst year for trucking in the past five years.
Although some Chinese economic indicators are flashing warning signals, Yunda, STO, YTO, and ZTO are still on fire.
Michael Lewis wrote “Moneyball” about the tactics Billy Beane used to improve the Oakland A’s. Read Zach Strickland’s take on using moneyball tactics in the freight market.
The Trump administration is considering levying tariffs on the remaining $300 billion of Chinese exports to the United States so far unaffected by duties. Freight Intel, FreightWaves’ proprietary research group, […]
Mexico became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) when its Senate approved it by a vote of 114 in favor to 4 against on June 19. […]
Market expert Donald Broughton explains how the U.S. gross domestic product can be a valuable tool by trucking companies (and others).
It appears that Chinese retail investors are moving capital out of the country in response to the devaluation of the yuan.
Shanghai Stock Exchange-listed China Merchants Energy Shipping (SSE:601872) is engaging in a new private share placement of up to 4.1 billion Chinese Yuan to fund a fleet renewal program.
Forward Air Corp. lowered its second quarter 2019 earnings expectation due to a $5 million accident claim reserve recorded in the quarter.
President suggests he’s willing to impose levies on Canada and Mexico during appearance with Prime Minister Justin Trudeau.
The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.
A colder than normal spring across northwestern Mexico meant the Mexican table grape export campaign suffered a delay of several weeks, spiking demand in June for reefer trucks out of […]
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
The data that can be gathered from a truck’s telematics has caused a shift from selling trucks as products to selling trucks as solutions to owners’ issues.
Historic flooding in the Midwest and poor demand from electric utilities are stranding coal hoppers west of the Mississippi, pushing up prices for storing railcars. The American Association of Railroads […]
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
Lakefront Futures & Options will be marketing Trucking Freight Futures through its new Trucking Derivatives Group. Read the article and learn more about Trucking Freight Futures and Lakefront Futures & Options.
It was a poorly-received IPO for CSSC Shipping. Institutional and retail take up was weak and its share price plummeted from the offer price.
Trans-border freight totaled $107.2 billion in March, with trucks moving 63 percent of all freight by value with United States trading partners Canada and Mexico, according to data released by […]
In June 2016, a leading group of Laredo carrier companies decided to band together and launch a new association focused on promoting and furthering Laredo as the “trucking capital” of […]
Retail and industrial activity improved, providing some stability for freight Economic data from the goods side of the economy showed some signs of life in May, as growth in retail […]
We’ve heard reports that Vista is having trouble getting buyers at its $2 billion price tag for Omnitracs.
Donald Broughton explains the harm that tariffs can do to the economies of the United States, the country(ies) that tariffs are imposed on and the global economy.
Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.
Volkswagen AG announced that it is offering up to 15 percent of TRATON for a range of 1.553 billion euros and 1.898 billion euros.
Texas Gov. Greg Abbott signed a bill directing the Texas Department of Transportation to study the Ports-to-Plains Corridor, a plan that could extend Interstate 27 from Laredo all the way […]
The McAllen Economic Development Corporation (EDC) recently worked with officials in the Mexican city of Reynosa to build two new maquiladoras (also known as maquilas), in addition to a major […]
A major developer of, and financial investor in, Asia Pacific logistics parks has launched a potential US$1.24 billion initial public offer on the Hong Kong stock exchange.
FreightWaves Market Expert Anthony Smith writes about the issues impacting the U.S. housing market. As important as these issues are, they have a ripple effect on other areas of the U.S. economy, including trucking.
Laredo’s historic reign as the top United States trade port was short-lived, as the Port of Los Angeles rebounded from its lowest monthly total in three years, enabling it to […]
Industry detail from the Producer Price Index showed rates in trucking increased modestly, though long-distance truckload rates continued to decline.
The good news is that Evan Armstrong of Armstrong & Associates thinks that U.S. third-party logistics providers’ (3PLs) revenues will grow at a 7.7 percent compound annual growth rate (CAGR) […]
Railroad market expert Jim Blaze writes about the movement of chemicals by rail and how that sub-set of railroad traffic is profitable and may grow significantly in the near future.
We look at the trucking futures forward curve, Morgan Stanley’s index, the Coyote Curve, and projections from Susquehanna.
Mexico had a close shave with avoiding trade tariffs last week, but it is essential for the freight industry to understand the disruption tariffs could create on cross-border trade.
President Donald Trump said he has called off plans to impose tariffs on Mexico, tweeting on Friday night that the Mexican government has “agreed” to stem the flow of Central […]
Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.
Job growth in the overall economy slowed in May, and hiring within the trucking industry continued to stall in the 2nd quarter.
Market expert Donald Broughton writes about the numerous consequences of a U.S. Mexico trade war and the damage that will be done on both sides of the border.
