The Fed is expected to raise rates again this week. This move has been communicated for several months, but what the Fed says about future increases could have significant implications for freight markets and carriers
There are many services that shippers can outsource, including warehouse operations, and doing so can provide added value to the shipper through expertise that 3PLs can provide.
Arrive Logistics will host a webinar on March 29 with use case examples and tips on how shippers can reduce their shipping costs.
Cashflow Corner presented by TriumphPay …Nexus is when a trucking company owes taxes in multiple states, but many companies are not aware of when this happens because of confusing state laws.
Shippers that work closer with carriers and treat drivers with respect can see lower transportation costs as a result.
Crete Carrier had a 400% increase in load turndowns in February and that is just one of the metrics that indicates the current conditions of the freight market.
Amsterdam-based TMA Logistics has officially unveiled its investment in the New Silk Road Initiative.
Orders for new Class 8 trucks are surging, but used truck prices and workforce growth are weak, suggesting that overall trucking capacity is staying flat.
Atlanta-based supply chain consultancy firm Chainalytics and UK-based ocean shipping consulting firm Drewry Supply Chain Advisors have officially formed a partnership through a joint venture, The Ocean Buying Group.
Inventories picked up in January, but low inventory/sales ratios mean that carriers with remain under pressure to hit tight deadlines.
Britain’s pending withdrawal from the European Union spells traffic doom for Calais, according to the Calais port’s boss, Jean Marc Puissesseau.
Job openings reached a record high in the January JOLTS data. Results were especially pronounced in the transportation and warehousing sector, where openings surged and hiring failed to keep pace
If you want to make a million dollars, all it takes is a little hard work and creating something that has value.
Manufacturing industrial production surged in February, but housing starts slipped in a mixed day for freight demand
For months, West Coast spot rates have been softening, allowing brokers to take big margins and shippers to move freight inexpensively, with short lead times. That’s about to change.
An optimistic Q1 guidance document released by Covenant Transport yesterday caused the carrier’s stock to jump 5% this morning. We explain how the team fleet is exploiting the new ELD environment.
Being an owner-operator or small fleet owner requires more know-how than just driving a truck. Kevin Rutherford explains.
When a 3PL is involved in moving goods, there are a number of liability areas where that 3PL could be held responsible, from the actions of the carrier to condition of the goods.
Carriers are not the only ones benefiting from the current freight environment, so are freight brokers.
Producer price inflation remained relatively modest in February, but trucking prices grew at the fastest pace since 2011
By one measure, the flatbed market has never been stronger.
Strong sales of new trucks is expected to keep used truck supplies rising.
The NFIB Small Business Optimism index jumped near its all-time high in February, and details of the report suggest that this optimism is beginning to translate to economic activity
Waymo announced late on Friday that its self-driving trucks will begin delivering goods for Google’s logistics operation in Atlanta.
Morgan Stanley says that shippers with low gross margins, bulky merchandise, and relatively low cost of goods sold who outsource their transportation needs are at the mercy of rising freight costs and will face EPS headwinds in 2018.
While driver pay has been inching up, something else has been increasing: guaranteed pay programs.
The current level of freight strength would be notable if it were June, September, or October, but it’s not. It’s February data. It is impossible to predict exactly how long this will last, but at least through 2018 we expect capacity to remain tight.
Rep. Sam Graves (R-MO) is pushing a vehicle miles tax in Washington as the solution to funding road and infrastructure improvements rather than raising fuel taxes.
The economy added over 300,000 jobs in February, and trucking hires improved for the fourth consecutive month
The global freight logistics industry is in the middle of a transition driven by a confluence of factors ranging from urbanization to the rise of e-commerce, and from automation to intermodal platforms.
Presented by Reliance Partners …For truly safe trucking companies, chameleon carriers are a problem. But it is one that data is helping solve.
The trade deficit widened in January, and the prospects of a trade war have clouded the outlook for transportation both in and out of the country
Vehicle uptime has been an area that truck manufacturers have applied increased focus on in recent years, and that is no exception with Navistar.
Mack Trucks is hoping its Mack Over The Air remote software update program brings as much success to customers going forward as it has for early adopters.
Industry experts detail what’s coming and how we need to get on board the “last mile” technology train.
After seven weeks of decline–considered normal for the season–national van rates stop sliding.
Total factory orders declined in January, in a sign that surging demand for freight carriers may ease slightly in upcoming months.
“By defining what excellence is, you can share in its success,” said Carlton Rose, UPS’ president of global fleet maintenance & engineering.
The Starship is a futuristic-looking, but completely road legal, Class 8 tractor-trailer unit built through a collaboration between Shell and AirFlow Truck Company.
Declaring that trucking needed, and would have, a seat at the table, American Trucking Associations’ President Chris Spear fired up the crowd at the official opening of TMC 2018 on Monday night in Atlanta.
UAE’s state-run enterprise, DP World, gained a new partner in the government of Ethiopia as the port developer and the Somaliland Port Authority reached a deal to develop Berbera Corridor.
iCanDeliver is hoping to capture European market share with its digital freight platform.
Fuel taxes disproportinately hurt independent truckers because they are not able to recoup fuel-expenses.
Stock is down across the beer industry. The tariff costs to the industry will ultimately cost consumers.
Even with lower levels of automation, trucks could essentially work around the clock, but what will regulators do about the ELD hours-of-service rule?
Lumber prices are above $500 due to a convergence of high demand and tight supply. Eventually housing starts could be affected by rising material costs.
As the Trump administration makes public its intent to look at using tariffs to address what it believes are inequities in global trade markets, it set the stock market into a tailspin for good reason. We decided to lay out a basic primer and history lesson on tariffs.
AT&T has expanded its fleet management portfolio to now include Geotab’s fleet tracking platform as part of the company’s Internet of Things (IoT) solutions.
Trump recently announced plans to implement tariffs on steel and aluminum imports beginning next week. This move should help bolster the US domestic steel industry, but comes with many unintentional consequences affecting transportation and the economy overall
Coal, steel, and the railroads that carry those commodities saw stock gains; auto companies and aluminum-intensive manufacturer stocks slipped on the news.
The merged companies could mean the transformation of the way we consume soda, as well as the consolidation of shipping and shelf space. The product can also bypass retail stores entirely and ship directly to consumers.
Data from the Institute of Supply Management shows that manufacturing activity remains robust in the economy, which has historically meant strong demand for trucking
Daimler Trucks North America has appointed Sanjiv Khurana general manager of trucks connectivity to support its connected trucks initiatives.
Insurance & Risk Management presented by Reliance Partners … U.S. companies moving freight across the border need additional insurance to cover their Mexican drivers, even if it is only within the border zone
Seeking to provide a more comprehensive solution for fleets, Omnitracs has unveiled its Unified Fleet Management platform Omnitracs One.
Durable goods orders fell in January, indicating that demand may be losing some steam after running hot over the past several months.
Used Class 8 truck prices increased 2% year-over-year in January, but fell 3% over December 2017, according to latest data from ACT Research.
Home sales have fallen over the past couple of months, as poor weather and tax law changes have likely postponed some activity. Fundamentals remain strong for housing however, and sales should continue to improve going forward.
Geely, owner of Volvo Cars, has acquired a stake in Daimler AG and it has upset AB Volvo, which has decided not to put Volvo Cars’ chief executive up for re-election to its board.
Have ELD’s worsen the truck parking problem? Perhaps, but the real problem remains where spots are located and letting drivers know those locations.
Dubai Ports World will build new inland ports in two Indian states to handle increased container traffic coming into that nation’s ports.
Wales First Minister Carwyn Jones was in Dublin, Ireland, last week due to “serious concerns” brought about by the possibility of a hard Brexit exit and its impact on trade.
Container Terminal Services has secured a contract to expand the Porto Umm Qasr in Iraq to handle more container volume.
Strong revenue and profit numbers, but margins are challenged from a few years ago.
Crytpcorurrencies got three mentions in Bank of America’s 10-K. Is that a big deal?
Persistance is important in reaching any deal, but delivering on what you promise is equally important.
UPS is planning to add 50 plug-in electric vehicles from Workhorse this year for testing with plans to add more units in 2019.
A weak-to-flat market for used trucks is causing Ryder some headaches.
It is a curse to have everything go right on your first attempt.
During the infamous polar vortex winter of 2014, as temperatures plummeted across North America and even trains came to a halt, a transportation engineer inside AB InBev’s St Louis headquarters reached out to a company that appeared uniquely suited to solve its frozen beer problem. Riskpulse answered the call.
President Trump again has Amazon in his cross hairs, but forcing online retailers to charge state sales tax will likely hurt small businesses the most.
Truckers Against Trafficking has launched the Man to Man Campaign in an effort to eliminate human trafficking in the transportation industry.
Insurance & Risk Management presented by Reliance Partners … While the number of recorded cargo thefts in 2017 declined to 649, the group said, the threat remains, and according to Scott Cornell with Traveler’s Special Investigations Group (SIG), may be underreported.
Techpertise together with TMW SystemsTechnology platforms have enabled the Dart Network to automate the bidding process, leading to a more efficient system that better utilizes company resources.
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
Walmart did well in the fourth quarter in many areas, but not in eCommerce. As a result, it’s stock has been hammered.
Truck orders and tonnage both posted strong gains in January suggesting there is no immediate end coming to the good times.
The American Trucking Associations’ Technology and Maintenance Council and Transportation Security Council, in conjunction with the FBI, has developed Fleet CyWatch to help fleets protect themselves against cyberattacks.
E-commerce sales are putting pressure on retailers and that is leading to additional changes to the movement of freight and logistics.
A better last-mile experience. That’s what the e-commerce game has become, and all logistics services across the supply chain are clamoring for opportunities and efficiencies to squeeze the blood out of the turnip.
With blockchain-based credentials, or Blockcerts (an open source standard developed by Learning Machine and the MIT Media Lab), risk management can now extend to the driver level.
Drop is viewed as normal during the winter by DAT
The ELD compliance rate continues to inch up among fleets according to the latest survey conducted by CarrierLists.
Cashflow Corner presented by TriumphPayDetention of drivers remains a significant problem in the industry, with few solutions in sight, although ELDs may be able to help smaller fleets and owner-operators enforce detention policies.
Signs are pointing to a new reality: self-driving trucks will help the industry. And the people who keep it running will continue to show us why they’re such an important part of the supply chain.
Unilever has pulled back the veil of secrecy on its palm oil supply chain hoping that greater transparency into the process can create greater efficiencies.
The U.S. and South Korea are kicking off a renegotiation of their 2012 free trade agreement.
The Port of Dover has been honored with one of the UK’s highest awards for its congestion mitigation efforts.
Apollo Global Management is reportedly planning to take its subsidiary CEVA Logistics public by April.
A number of companies have found new life – and revenue – simply by changing their name to include the word blockchain.
Current financial news headlines are full of stories about inflation and the resurgence of inflation in the U.S. economy.
Drivers aren’t robots and one size doesn’t fit all, so in the absence of flexibility, wide-awake drivers attempt to sleep in rest stops on 10-hour breaks during the day, which is what makes the 14-hour clock so dangerous.
Spireon is hoping to solve trailer tracking issues for mixed fleets that require customization with its FL Flex modular trailer tracking solution.
While producer price inflation for the overall service sector has remained fairly benign, hovering between 2-2.5%, freight trucking inflation has been accelerating rapidly. After a dismal 2-year period of declining rates within the trucking industry, prices have picked up, with inflation reaching a 6-year high in January.
It seems so simple, but basic attention to detail can help prevent an unwanted interaction with law enforcement, which can lead to increased insurance premiums.
The Federal Reserve reported that total industrial production declined 0.1% in January from December’s levels, weighed down by a 1% decline in mining output in the economy.
The Owner-Operators Independent Drivers Association has joined efforts to change the current hours-of-service rules to allow drivers to stop driving when they are tired.
The market’s coming up roses for trucking companies, but some company stocks are still viewed as a little high.
Retail sales showed unexpected sluggishness in both January and December, which was revised downward.
In all, 35% of Americans will purchase flowers this year, says the Society of American Florists, totaling some $2 billion in sales, and the most of them get to their destinations via the trucks.
