Business

ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.

Four FreightTech companies demonstrated their innovative technology solutions during FreightWaves LIVE @HOME on Wednesday.

Republicans unveil a $400 billion, five-year highway bill reauthorization ahead of Democrats’ proposal.

Improving market conditions should support BNSF’s financials in 2021, said S&P on why it modified its ratings for the privately held railroad.

The company’s pickup and delivery revenue jumps; about 95% of sales were fulfilled from stores

FreightWaves President George Abernathy and Ryder Chief Technology Officer Kendra Phillips explore how autonomous technology and other FreightTech will fit in with current networks.

Rising rail traffic and lower numbers of railcars in storage should benefit FreightCar America, as should anticipated market demand to replace an aging railcar fleet, executives said during Monday’s first-quarter earnings call.

The Kansas City region, with its centralized location, is becoming a prime area for commercial warehouse space, with KC Smartport expecting 15 million square feet to become available in 2021.

Redwood Logistics CEO Mark Yeager talks about emerging technology and the potential of Logistics Platform as a Service (LPaaS).

FreightWaves raised $16 million to support its Carbon Intelligence platform.

Jake Medwell, founding partner at 8VC, and Loren A. Smith Jr., president of Skyline Policy Risk Group, take a look at potential impacts on trucking.

TuSimple’s autonomous trucks cut 42% off delivery time for a load of watermelons for Los Angeles-based produce giant Giumarra Cos.

Convoy Go is now available for backup and spot loads.

Shippers will never lose a document, driver or client through an automated rate contract management system.

Blockchain in Transport Alliance professionals continue to push forward the development of standards for the use of blockchain-enabled business processes.

The Chicago brokerage adds a capital allocator and carrier expert to its C-suite.

The attorney who led the legal effort said U.S. chassis producers are ramping up because of the import fees.

Your employees make your company. This means that everyone from office staff to drivers must be considered when thinking about technology. Rose Rocket’s easy-to-learn but comprehensive TMS takes the frustration out of freight while benefiting your employees.

The retail giant clobbers its first-quarter fiscal 2022 estimates, while its chairman says the company is more optimistic about 2021 than it was at the start of the year.

Founders Camp, the Dynamo-powered event for founders and startup companies, will take place in November alongside FreightWaves’ F3: Future of Freight Festival in Chattanooga.

The lower court ruling favored Uber in the summary judgment but drivers won on appeal.

Wabtec’s battery-electric locomotive can reduce a train’s fuel consumption by 11%, a three-month study involving the company, BNSF and the San Joaquin Pollution Control District found.

Today there are two types of manufacturers: old school and new school. Which one you are will help decide the future of your business.

Also on the podcast, KeyBank’s Fowler talks about what blowout Q1 earnings said about the state of trucking.

Truck Talk is a weekly newsletter offering perspective and context on happenings in the industry.

FreightWaves looks at five themes that ran throughout the earnings discussions of the Class I railroads.

DoorDash reported a 198% increase in Q1 revenue compared to Q1 2020, and a 219% increase in orders, although it still posted a negative 34-cent EPS.

A federal grand jury in New York has indicted trucking company owner Tony “Anatoliy” Kirik, 39, of Rochester, New York, in a reincarnated carrier scheme.

“First Class I railroad in North America to issue green bonds,” Norfolk Southern shares plans for environmental projects.

An apparent ransomware attack has targeted Utility Trailer Manufacturing, one of the largest U.S. manufacturers of trailers for commercial trucks.

Optimal Dynamics has raised $18 million in a Series A round to fund the deployment of its CORE.ai decision-making engine for logistics operations.

AskWaves explores the different ways to capture CO2 from the air, how much it costs and what happens once it’s captured.

Mays was able to reallocate the working hours of two team members to other departments.

Canadian trucking and logistics firm Titanium Transportation Group reported record first-quarter revenue as its U.S. brokerage business and newly expanded trucking fleet fired up the growth engine.

The company says it will continue to work with shareholders as it evaluates future compensation plans.

ORBCOMM, a provider of electronic logging devices and IoT technologies, announced carrier Marten Transport is retrofitting its fleet with ORBCOMM’s dual-mode asset-tracking devices.

Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.

A run on gasoline by individual motorists has drained inventories out of the stations and into the tanks.

Forget the autonomous trucking horse race, Wall Street and competitors are fixated on TuSimple’s “driver-out” pilot in Q4.

A Mexican auto parts supplier became the first company to receive a labor violation complaint under the United States-Mexico-Canada Agreement (USMCA) on Monday. The complaint against the Tridonex auto parts […]

Third-party logistics provider Radiant Logistics handily beat quarterly expectations Monday. Management has returned its focus to share buybacks and M&A.

The Teamsters union is seeking executive compensation reform at XPO.

The FBI says the DarkSide ransomware gang was behind the cyberattack on Colonial Pipeline after the group insists it doesn’t intend to create “problems for society.”

Self-driving truck software maker Plus signed its long-rumored SPAC with $500 million cash and $3.3 billion valuation expected in Q3.

EKA Solutions has added capabilities to its Omni-TMS, helping 3PLs and carriers to more quickly take advantage of the SaaS platform.

A glut that might develop in the Houston area can’t easily be transferred without the services of the giant pipeline

Peloton stated it expects to incur $50 million in refund expenses from its treadmill recall. What will the logistics costs be?

Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.

Tremelle Sykes allegedly filed false reports covering railyard companies in Dallas, Fort Worth, Garland, Cleburne, Gunter and Saginaw, Texas.

Analysts are looking at various explanations for why the number of drivers today is lower than it was two years ago.

Flatbed truckload provider Daseke reported first-quarter adjusted earnings better than expected. However, with a more than 5x run-up in share price over the past year, a decent quarterly report without a guidance raise sent the stock lower on Friday.

Truck Talk is a weekly newsletter providing background, context and perspective to the trucking industry.

By either the standard of seasonal or not seasonal jobs, gains in employment are slow given the demand for drivers.

Kodiak Robotics claims the best autonomous trucking software. But the startup trails the sector’s big names in both money and partners.

Cold storage facility operator Americold said food manufacturers are “failing to meet the needs of retailers” as COVID-related production shutdowns have drawn down food stocks. The impacts from lower inventories and throughput were seen in the company’s first-quarter report.

An improving economy and a $170 million investment in Bitcoin drove payment provider Square’s revenue up 266% and profits up 79%.

Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.

A market recovery is underway for railcar lessors and equipment manufacturers, but the market also has a ways to go before it bounces back completely, according to industry observations.

The appeals process can be short or long, and the date when AB5 could be enforced remains in flux.

Wayfair said its active customer base grew 57.1% in the past year, and those customers are ordering more items, leading to a nearly 50% increase in Q1 revenue.

A coalition of trucking companies filed a petition on Monday to force Indianapolis-based freight brokerage CMA Freight Services LLC into Chapter 7 bankruptcy proceedings over unpaid transportation services.

Sweden’s Einride startup attracts multiple global investors for scaling its cabless and driverless freight pods with U.S. entry this year.

Hwy Haul has secured a $10 million Series A round of funding to help it rapidly deploy its technology within the fresh produce supply chain.

Anticipated growth for intermodal will help to support Hub Group’s investments for that sector in 2021.

Less-than-truckload carrier Yellow Corp. reported a sizable first-quarter loss Wednesday as weather, increased purchased transportation expense and a lack of gains on real estate sales weighed on the period.

The earnings call revealed that Uber, like so many others, is working to fill out its driver ranks.

First-quarter revenue results were aligned with FLEETCOR’s expectations, but at $609 million, they fell 8% short of first-quarter 2020 results.

The across-the-board gains exceeded expectations and reflect increasing end-market strength, Trimble CEO says.

In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.

The rule was introduced in the waning days of the Trump administration but was never expected to be enacted.

Billionaire and Microsoft co-founder Bill Gates, the largest shareholder of Canadian railway CN, is giving 14.1 million shares of the company to soon-to-be ex-wife Melinda Gates.

PowerFleet has helped thousands of customers transition from analog to 2G, 3G and now, 4G/LTE.

Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.

There is a small window for new loans to underserved communities, but after spending of about $800 billion, the cupboard is bare.

In 2017, Lyft launched its Level 5 division, which would focus on developing an autonomous vehicle. Last month, the company pivoted away from that, selling the division, although it still harbors visions of Lyft riders in autonomous vehicles.

The German company posts record first-quarter profits and substantially raises full-year earnings and cash flow targets.

Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.

Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.

The first-ever deal with Apple is part of $4 billion in logistics contracts for XPO since the year began.

Lyft reported a narrower loss in its Q1 earnings as riders began returning to the platform.

An April survey of supply chain executives showed “continued downward pressure on transportation capacity” with prices surging to a 2.5-year high.

Shaw’s says it anticipates a return to work this week, but the union is silent on that issue.

Engine maker Cummins absorbed $105 million in freight costs to get microchips needed for engines during the trucking boom.

Despite a tough comparison with a year ago, Meritor saw sales and earnings increase in its Q2 fiscal quarter.

ArcBest points to the current “robust demand” environment as supportive of raising equipment spending in 2022.

Electric vehicle startup Arrival announced it would build a ride-hailing specific electric car for Uber to use in the U.K. and Europe. Separately, Uber said it will now deliver everyday essential items to customers from Gopuff in the U.S.

In the prepared statement released with earnings, CEO Musser says the current market has no precedents.

Logistics provider ArcBest Corp. posted first-quarter results well ahead of analysts’ expectations Tuesday.

Diesel sales at the company showed a slight decline from the fourth quarter but were significantly higher than Q1 2020.

Truckload shippers are accepting double-digit rate hikes in 2021 and further increases in 2022, Deutsche Bank’s lead transport analyst says.

Trucking and logistics companies are owed thousands after Gainco Inc. of Portland, Texas, which hauls hazmat loads, filed Chapter 11 bankruptcy on Friday.

Company boosts its full-year EBITDA range, and discloses 11-year, $1.8 billion logistics contract with unidentified customer.

By killing off Trump-era rules, the Biden administration has lots of room to make big changes in the independent-contractor-versus-employee debate.

Ware2Go, which offers shipping to merchants of all sizes with a specialization in e-commerce, will automatically purchase carbon offsets through Pachama for its customers.

Executives with parent company Berkshire Hathaway expect BNSF to take steps to protect the railroad’s franchise as the merger between Kansas City Southern and one of the Canadian railways makes its way through regulatory review.

Having trouble scaling your sales and marketing operations? Colombian nearshoring may be the solution.

With TuSimple going public by IPO, a new report says rival autonomous trucking software developer Plus will soon follow via SPAC.

Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.

The Pennsylvania Supreme Court ruled Thursday that a no-hire provision between two Pittsburgh-area logistics firms is not enforceable under commonwealth law.

The New Jersey Senate majority leader’s proposal would require communities near a proposed warehouse to have input but no veto power.