Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.
UPS reported strong revenue supported by pricing and targeted growth initiatives during its second quarter earnings call Wednesday. Adjusted earnings per share climbed 23 percent to $1.94, and total revenue was up nearly 10 percent.
Growth in its dedicated and ChoiceLease programs drove a strong second quarter for Ryder System (NYSE: R), helping the leasing and rental giant surpass earnings expectations for the second straight quarter.
The truckload carrier is relatively small, but it had a tremendous second quarter.
The improved Operating Ratio posted by Norfolk Southern wasn’t enough to stop analysts from asking about its comparison to that of CSX.
According to CB Insights, “the maritime shipping industry accounts for 90% of global trade and is only now beginning to leverage technology. This shift could have far-reaching impact on retailers, consumer goods companies, manufacturers, and more.” With this important industry in mind, CB Insights hosted a July 24 webinar to “explore how shipping companies and global ports are utilizing automation and blockchain technology to revolutionize the shipping industry,” taking a look at various aspects of the supply chain along the way.
Chassis lessors had raised objections to the agreement.
CN had a strong quarter as it comes out of system problems that stretch back into 2017.
Foreign affairs minister says businesses and workers on both sides of border impacted.
The Federal Maritime Commission has completed compromise agreements with eight non-vessel-operating common carriers, resulting in the recovery of $618,000 in civil penalties.
The Class I railroad will pay $1.2 million to the U.S. government and $1 million to West Virginia for the environmental damage caused by the derailment.
The Class I railway also declared its third-quarter dividend to be paid to shareholders on Sept. 28.
There is a fear on the part of some investors in the trucking space that a peak may have been reached.
Demand in the economy continues to grow at a solid pace at the start of the 3rd quarter, but a myriad of government survey results suggests that trucking capacity and concerns over tariffs have limited the performance of several sectors.
Among today’s highlights: a drop in spot rates, Werner comments on driver availability, Rhode Island collects more than expected
Hyperloop Transportation Technologies (HTT) has inked a deal with the province of Guizhou for creating China’s first commercial hyperloop track.
Leaders from several different safety advocacy groups came together to ask the U.S. Senate to add safeguards to the AV START Act (S. 1885), a bill that addresses autonomous vehicles.
Werner Enterprises had a strong second quarter, trouncing analyst consensus on its expected performance. Here are some of the highlights from its earnings release.
LxRoadFreight is the first customer relationship management solution designed specifically for U.S. trucking carriers and brokerage firms.
Driver turnover percentage the lowest in 20 years.
Company wants to add foreign components to gift sets packaged in Florida.
Comments, objections and requests for hearings must be filed by Aug. 22.
The U.S. Council for International Business has formed a special committee within its membership to address the threat that illegal trade poses to global markets and industries.
Foreign components will be used in production of wire harnesses at Hampshire plant
Connecting the dots to bring value — and style — to the masses.
Aside from providing track and trace solutions, Loginext uses machine learning to provide organized logistics and field service management solutions in the most cost-optimized way.
Chainyard, North Carolina’s largest blockchain specialist, announces its alliance with Blockchain in Transport Alliance (BiTA).
The driver pulling frac sand had drugs in his system and had numerous moving violations. That ultimately is what appears to have led to such an enormous penalty.
Panelists from Redwood Logistics, Slync, the Trusted IoT Alliance, and Flux Protocol discussed the difficulties of pushing adoption of blockchain-powered IoT devices, despite the technology’s obvious potential.
Although many of the changes were expected, there were a few surprises in the amended freight pricing requirements for NVOCCs, writes international trade attorney Carlos Rodriguez.
Thirty-four Democrats and one Republican opposed the measure, as 133 Democrats voted present at the insistence of House Democrat leadership.
Letter to key members of the Trump administration urges U.S. Customs and Border Protection to immediately issue Trade Facilitation and Trade Enforcement Act drawback regulations.
In a speech attacking the very premises of decentralized cryptocurrency exchanges, BitMEX CEO Arthur Hayes laid out what traders really care about, and what makes futures exchanges successful.
Appalachian Regional Port inland rail terminal slated to open in August.
Rapid growth in cargo volumes and spending has started to stretch domestic infrastructure to its limits, according to economist Donald Broughton.
The railcar lessor’s net income fell 27.3 percent from last year’s second quarter to $38.8 million.
Local stakeholders tell Senate Finance subcommittee federal programs could benefit from more opportunities for private-sector participation.
The WCI rose 5 percent year-over-year last week, but the SCFI is now down 9.5 percent compared with the same 2017 period.
The House Foreign Affairs Committee chairman has asked the State Department to suspend removal of export controls currently in place for certain software.
A deaf trucker got his CDL, got a pass from FMCSA, had a job, but Werner said the law wouldn’t allow it to hire him. Now the case is in court.
Wolf Direct, an emerging U.S. transportation solutions provider has announced their membership in the Blockchain in Transport Alliance (BiTA).
Amazon (AMZN: NYSE) is a power player in the online grocery scene, with sales growing at a rate of 40 percent year-over-year.
After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back slightly before stabilizing in a strong growth range.
Tesla stocks fell by about 2.5% today after a Needham analyst raised concerns on the increased cancellations of Model 3 cars over different reasons like long waiting times, unavailability of base model and the expiration of the $7,500 credit.
Throughput at terminals operated by the Northwest Seaport Alliance grew 8.6 percent in June after three straight months of year-over-year declines.
The railway continues to invest in Mexico and remains on track with positive train control implementation.
The amendments are designed to expand choices for shippers, reduce regulatory requirements and increase efficiencies.
The temperature-sensitive truckload carrier’s operating revenues climbed almost 15 percent.
Woodioso Technology Ltd. may have to pay $160,500 for improperly documenting, packaging and shipping lithium ion batteries.
Volvo’s Q2 had the company’s sales earnings climb past hundred billion Swedish kronor, buoyed by double digit growth figures around the world except Europe, where its market has stabilized and is at the point of saturation.
Analysts have issues with the operating rate, and price increases that seem small compared to the transport sector as a whole.
In partnership with Reliance Partners …With autonomous vehicles virtually at our doorstep, it is becoming mission critical for carriers and drivers to protect themselves. Points of vulnerability will be exploited by those who seek to cause harm, economically or otherwise.
Mack will now offer the Lytx DriveCam safety program as a pre-wire option on Granite models, joining the TerraPro and LR cabover models offering the option.
U.S. Customs and Border Protection currently cannot issue administrative protective orders in duty evasion investigations.
The Class I railway posted a net income of $1.51 billion on revenues of $5.67 billion.
“With truck capacity continuing to tighten,” strong performance expected for remainder of the year.
Recent increases in oil prices have revived some debate over the effect that oil has on the economy and freight markets. While evidence suggests that the recent increase has helped growth, there are some limits to the benefit that the market can gain from higher oil prices.
“I am unaware of anyone using ELD to make these smart matches. We are excited about pioneering this approach that benefits drivers, carriers our economy and our ecology,” Russell Jones, Cargo Chief’s CEO, tells FreightWaves.
As parking spaces take up most of the available land in the central districts of cities, it is time to rethink the way people transit in the cities of the future.
Net earnings jump 72 percent year-over-year; plan on track to reduce workforce by 2,000 in 2018.
Year-over-year domestic rates in June moved up 9.5 percent, a third consecutive record increase.
According to a Global Cold Chain Alliance survey, price and customer service round out the top three factors when choosing a provider.
Uneven growth trend may continue as carriers remove capacity from transpacific trade lane.
North American intermodal rates grew for the 21st consecutive month in June, according to the latest Cass Intermodal Price Index.
CEO warns port will soon reach maximum capacity.
American Maritime Partnership-sponsored report shows Walmart prices the same in San Juan and Jacksonville.
CSX hit records on operating ratio while improving train speed and dwell time, but says intermodal still needs a “ton” of work and pricing will reflect CSX’s “superior product.”
In spite of fuel surcharge adjustments, Marten today reported a 49.9% improvement in net income to $13.7 million, or 25 cents per diluted share, for Q2 that ended June 30, 2018, from $9.1 million, or 17 cents per diluted share, for Q2 of 2017.
Laboratory grown meat is coming to the market soon, and this could disrupt traditional food supply chains as the trucking industry might haul lesser livestock in the future.
The FedEx Institute of Technology is partnering with Good Shepherd Pharmacy to build a new blockchain infrastructure in Memphis to help get needed cancer medications into people’s hands.
Cashflow Corner presented by TriumphPay …When owner-operators and small fleets make the decision to expand their businesses by adding trucks and people, they often turn to the online payroll systems to pay them.
The trucking and intermodal company’s strong earnings were fueled by higher freight rates and strong demand.
The company continues to expand its footprint in the transport of perishables.
Freight-matching marketplace acquired technology solutions provider.
Customs will continue to suspend liquidation for subject merchandise entered on or after Nov. 22, 2017.
Butner elected board president; Magnusson joins advisory committee; Oud named to panel; and Pulfer hired in Ohio.
U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter.
Boeing 777 Freighter is one of the most sought-after cargo flights in recent history, with DHL Express and Qatar Airways finalizing orders at the Farnborough Air Show today.
APL Logistics, a provider in integrated logistics, has become the latest member of the Blockchain in Transport Alliance (BiTA).
A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.
Daimler has decided to stop production of a certain type of diesel engine till it clears issues regarding NOx emissions that slightly exceed maximum threshold values.
For customs valuation purposes, the use of the transfer pricing method to calculate transaction value faces an uncertain future in the EU, as a European Court of Justice ruling could […]
The SCFI rose just under 1 percent last week, while the WCI slipped 2 percent.
Cargo.one will provide a digital sales channel for air freight forwarders seeking to confirm spot market rates and bookings.
The answers to many of the problems surrounding the introduction of autonomous vehicles may involve keeping human drivers on the road too, according to Lyft Vice President of Autonomous Vehicle Programs Nadeem Sheikh.
Tiger Spider, a Australian transport engineering consultancy believes blockchain and data standardization would be integral to creating an efficient and profitable freight transportation system.
While there is a lot of noise surrounding tariffs and potential trade wars, it probably isn’t enough to derail the economy and the red-hot freight environment.
The freight-matching solutions provider will use the new funding to accelerate product development and implementation.
Prime minister wants to “show off our prowess in business, finance, trade and commerce” and logistics.
Jack Cooper Holdings and Logistics, a specialty transportation and logistics provider, announced its membership in the Blockchain in Transport Alliance (BiTA) today.
One of the largest wasted revenue opportunities for carriers in freight movement is when trailers move less than full. FR8Star has introduced a new partial load service to help change that.
Trucking passes all five of Paul Newman’s tests for a successful futures market. That’s why we’re building a financially-settled freight futures contract with Nodal Exchange and DAT.
CargoX, an independent supplier of blockchain-based solutions for logistics, has become the latest member to join the Blockchain in Transport Alliance (BiTA).
Oil prices fell by 6% yesterday after Libya’s National Oil Corporation announced the reopening of oil ports and recommencing the production of 700,000 barrels per day.
The denial order currently prohibiting U.S. firms from exporting to the Chinese telecom giant again will be suspended once money is in escrow.
Swart tapped as president; Hunt named COO; and Tuthill hired as CCO.
Version 18.2 delivers full multimodal support, compliance enhancements for multiple countries and extended mobile capabilities.
Trump’s new tariffs are beginning to hit less like strategic targets, and more like an indiscriminate bombing campaign. For all the drama, what’s the end game?
Data on producer prices shows that overall inflation pressure continued to heat up in the economy, as gains in service prices helped to push up. Trucking prices surged again in June, as part of an overall wave of rising transportation costs in the economy.
The company will look at its capital structure, may raise more funding, and has a strong forecast to 2020.
