Business

In a mixed week for Trucking Freight Futures overall, the spot National contract (FUT.VNU202006) rose 0.4% to finish at $1.466 per mile.

Darren Prokop provides information on the USMCA, which goes into effect on July 1, 2020. How will the agreement impact trade and supply chains in the three countries?

Daimler Trucks AG is creating a fuel cell subsidiary as a forerunner to a 50-50 joint venture with Volvo Group to make fuel cell-powered backup systems for data centers and eventually hydrogen-fueled heavy-duty trucks.

Expanding its freight ecosystem, EKA Solutions has announced a TMS offering for small and medium-sized carriers.

Dennis Mooney will help the startup commercialize autonomous trucks

A new intermodal-focused transportation management system brings together the technologies and expertise of Profit Tools, Compcare Services and GTG Technology Group.

In the wake of COVID-19, businesses are looking to reshape and insulate their core sourcing processes from sudden disruption, even as consumers move online.

Guest commentator Eric Masotti writes about the importance of technology in logistics – but also underscores the importance of dedicated people to the process.

Tulsa-based Stone Trucking is shutting down its operations and laying off 51 employees. The company was a flatbed, oversize and heavy haul carrier.

Consensus growing that PPP money helped boost the number of employed, as planned

Read why digital transformation of supply chains is so important and why those that ignore the trends risk their businesses.

The transportation and warehousing sector improves as Canada’s economy adds a surprising 290,000 jobs in May in the latest Statistics Canada employment report.

For aircraft lessor GECAS, the “Big Twin” doesn’t refer to a large person. It’s a big twin-engine passenger plane that’s being turned into a cargo plane.

Bureau of Labor Statistics: Rail jobs down also even as nation’s unemployment rate falls.

A recent study by the Institute of International Container Lessors found that traditional hot zinc sprays for refrigerated container steel frames keep them in top shape years longer than zinc-rich primer coatings and should be maintained by box manufacturers.

CEO and President Derek Leathers to usher in the next era for Werner Enterprises as founder CL Werner plans exit.

Bill deals with the problem of slow business and low employee costs.

Navistar included only one full month of impact from the COVID-19 pandemic in its loss-making second quarter. How bad will it be for manufacturers who report on a traditional April-June quarter?

Alabama State Port Authority and APM Terminals Mobile will help get products to customers quickly

ArcBest joins other less-than-truckload carriers seeing a May rebound from April lows. A 10% stock bump from a rating upgrade holds into the second trading session.

“With digital logistics, you can democratize manufacturing to the point of consumption,” said James Regenor.

Move follows UPS fees implemented a few days ago.

Werner Enterprises is adding predictive freight matching and real-time shipment visibility tools as part of a broader introduction of Trucker Tools technology into its operation.

Heavy-duty truck maker Navistar reported a $38 million loss in its fiscal second quarter, the first look at the financial damage from COVID-19-related manufacturing shutdowns.

Third-party logistics services providers involved in international trade remain concerned about how their businesses will remerge post-COVID-19. They are addressing tough questions about what it will take in terms of staff, systems and office space to operate a successful company.

Cold storage consolidation remains hot. Lineage Logistics closes on Emergent Cold transaction, growing its already dominant global market share.

Public relations and marketing during a time of national crisis

Locus Robotics now has raised more than $100 million.

Postponement until completion of safety study part of $494 billion highway bill

Global stewardship includes aim to be carbon neutral by 2050

Action is based on used truck values

Collaboration allows mobile document capture and automated workflows within TMS

The global pandemic has strained relations between the U.S. and China. Will that cause the trade deal negotiated earlier this year to break down?

FourKites says it has cracked the code on delivering more accurate ETA information for LTL shipments

Less-than-truckload demand appears to have bounced off of an April bottom according to reports from carriers.

Digital freight forwarding startup Beacon raises $15 million in Series A investment.

Schneider has continued its recent technology innovations with FreightPower, an offering that unlocks more capacity for its shipping partners.

Transplace expands its mode optionality and network optimization to parcel.

Tire inflation company Aperia is trying to gain market share by offering its solution with no upfront cost. Plus, movie industry freight haulers have received an exemption from drug testing rules and a judge has denied FedEx’s request to dismiss a racial discrimination suit.

Alibaba.com has introduced three new services – a freight matching platform, financial services for small and medium-sized businesses, and virtual events connecting businesses with buyers.

Digital Container Shipping Association establishes internet of things standards for connectivity

Battery electric and fuel cell startup Nikola Corp., which surprised the trucking industry by having a “blank check company” back its bid to go public, expects its shares to begin trading under its own name on the NASDAQ later this week.

Until now, autonomous vehicle company Nuro had focused on food delivery

While less-than-truckload volumes may not have rebounded sequentially from April, one sell-side analyst sees acceleration in recent weeks as bullish for the industry.

Young Brothers will curtail service without rapid $25 million infusion of CARES Act funding from state regulators.

E-commerce giant lands patent for a system that will ensure “digital trust” in item tracking

Friday marked the last trading day for the May spot futures contracts, meaning on Monday, the June contracts become the spot contracts. On Friday, as well as for the week, the May contracts finished mixed with the spot National contract ending unchanged at $1.335 per mile.

American Shipper has partnered with Haven to develop a white paper that explores processes necessary for your organization to customize its workflow to capture the efficiency of the virtual supply chain.

Clearpath Robotics’ division closes Series C as it prepares to put more of its autonomous vehicles into additional warehouses and manufacturing facilities as demand grows during COVID-19 pandemic.

The deal gives DAT new access to shipper transactions for contracted freight.

Sysco, Svitzer, Adnavem and AddSecure add industry all-stars

Counterintuitively, a rise in book of business signals companies may have pulled down their revolving lines of credit

Focusing on risk management can help protect fleets from the pain of paying massive damages.

With final approvals in hand, German commercial vehicle mega-supplier ZF Friedrichshafen creates a new division for technology supplier Wabco Holdings, adding 12,000 employees.

“A lot of those small trucking companies, they’ll come back.”

FedEx reported to be exploring alternative growth path in Europe through stake in German parcel company Hermes.

In a lawsuit filed this week, Omnitracs claims that Platform Science has built technologies, including its Connected Vehicle Platform, based on patents owned by Omnitracs

Divided federal appeals court revived CRST’s driver-poaching lawsuit against TransAm

Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020

Saiz is lawyer with Rodey firm, needs Senate confirmation

Railroad volumes continue to drop. What might they do to increase volumes? Where are the volume increases going to come from?

Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.

Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane assets in Alberta and Texas.

State Attorney General used new price gouging law to go after A1

Tolls on bridges, tunnels and roads are plummeting in the wake of the pandemic. Unlike the broader system of highways whose upkeep is paid for by the rapidly depleting Highway […]

15.6 million masks from FEMA going out to trucking, maritime, rail sectors.

Shippers get optimized supply chain management with real-time, dynamic capacity pricing

Lineage Logistics continues its hot acquisition streak, entering into an agreement to purchase Henningsen Cold Storage and its 14 facilities.

Wunder Mobility launches new offering that will make the company an all-in-one mobility solutions platform.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  News reports that Uber is re-evaluating non-core units […]

Litigious society wants someone to pay for coronavirus-related business losses

Coronavirus hit to Brazilian exports is a nightmare scenario for dry bulk — and cases in Brazil are mounting fast.

Rates for ocean transport of propane could surge if the worst of the coronavirus crisis is past.

Canadian supply chain software provider posts a 51% increase in net income, but says it will reduce its global workforce by 5% in the face of economic uncertainty

“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.

The courier and less-than-truckload subsidiary of Canada’s postal carrier had a decent first quarter considering the impacts of COVID-19 and C$1 billion expansion of its network.

Increases in beef and chicken inventories are in contrast with reported meat shortages. The rise in inventory bodes well for the already burgeoning cold storage sector.

Amazon is looking to acquire self-driving technology startup Zoox, with talks being underway between the two companies.

The retail apparel sector has been among the hardest hit by the COVID-19 pandemic. Learn how international trade, supply chains and tariffs complicate things further.

The Neurored platform connects health care organizations and government agencies with PPE sourcing and transportation experts

Expeditors International sees digital platform acquisition as key to advancing its less-than-truckload shipping platform.

The direct mail segment accounted for 23% of USPS 2019 revenue, which is decreasing as a direct result of the pandemic.

Program was for eight weeks, starting in April, setting up an end to some protection

Leasing companies say a neutral chassis pool lacks incentive to invest the tens of millions of dollars each year to maintain viable chassis equipment.

How COVID-19 is changing Uber’s focus; diesel inventories rise tremendously; preparing your freight sales team to return to normal; and so much more!

U.S. retailers face two options: selling at a discount in the domestic market or going online to sell globally.

Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall

$26.5 million ‘nuclear verdict’ stands in fatal road-rage crash in Oregon

Kuehne + Nagel’s Bill Rooney takes aim at RFQs and bunker surcharges in remarks to Agriculture Transportation Coalition

On today’s Memorial Day weekend episode, we talk about broker margins coming in weak, Gartner’s Supply Chain Top 25, woeful auto cybersecurity, and can supply chains cause allergies?

Ship calls and volume expected to pick up in July, officials from South Carolina and New York/New Jersey ports tell the Agriculture Transportation Coalition

Fleet Advantage offers book value cash and leasebacks to help trucking companies weather the economic crisis while banking on selling them new trucks down the road.

Pennsylvania Turnpike cites surge in e-commerce as a factor.

Quick action sets the bar for terminal operators across the country, says Agriculture Transportation Coalition chief

Putting on a virtual event is a complex and difficult process. FreightWaves CEO Craig Fuller provides an overview of what went into putting on the recent FreightWaves LIVE @HOME, a three-day virtual event that raised the bar.

Panel of importers and exporters will advise the U.S. Federal Maritime Commission on policies of competitiveness, reliability, integrity and fairness in ocean shipping.

Pharmaceutical supply chains are becoming increasingly complex as the path from production to consumption isn’t as linear as one may think.

Lineage Logistics’ bid for food service distributor Maines expected to save 850 jobs.

Port of LA chief promotes nationwide port optimization system to enhance visibility and improve execution

Digital freight matching has pushed the industry to adapt.