Business

Other segments at the truckload carrier had weaker performances.

It was a mixed Wednesday in the Trucking Freight Futures markets as the spot National contract (FUT.VNU202004) fell fractionally to $1.403 per mile with macroeconomic factors continuing to weigh on rates.

Prominent transportation leaders are part of a business task force offering ideas on when and how to lift coronavirus restrictions.

Diminished railcar demand and COVID-19 headwinds force railcar maker to halt production and trim staff.

Electric and fuel cell truck maker Nikola gets its pick of candidates as job insecurity led so many to apply that Linked In briefly shut down CEO Trevor Milton’s account.

The Seattle-based digital freight network will pay 100% of trucking costs for food bank donations

On this week’s Drilling Deep, host John Kingston heard from Jack Rybicki, a managing principal at the accounting and consulting firm CLA.  Jack has been steering many clients through the process of trying to get money from the federal government under the CARES Act — in particular, the Payroll Protection Program that will allow employees […]

Less-than-containerload services offer forwarders and their shippers an alternative to more expensive air freight and full-container transport services, industry experts say.

Ports of Seattle, Tacoma, Los Angeles, Long Beach, Oakland, Houston, Jacksonville and Charleston all report drops in March.

“Revenues plummeting” with less vehicle traffic, say government officials.

The Trucking Freight Futures markets slid across the board on Tuesday with the spot National contract falling 0.4% to $1.404 per mile as macroeconomic weighed heavily.

A chief supply chain officer can be the linchpin connecting all different departments within a retail company, including marketing, finance, sales and accounting.

The Supply Chain Intelligence Center pinpoints trouble spots on the nation’s highways and ports to U.S. humanitarian relief providers responding to the health crisis.

World’s second-largest box carrier resolves its website woes.

Paul Schlegel writes about the future of autonomous vehicles – particularly autonomous trucks.

P.A.M. Transportation finds success calling on its “friends in the industry” as it scrambles to replace lost automotive OEM business.

The feature enables shippers to make data-driven decisions about allocating freight

The J.B. Hunt first-quarter conference call provided a mixed bag of anecdotes. While concerns mount over economic disruption, the company has some offsets.

J.B. Hunt’s first quarter results, while slightly below consensus, were likely not as bad as feared. The company’s outlook provided on its earnings call will be the takeaway.

Quick turnaround as companies realize they have necessary synergies.

Trucking Freight Futures staged a strong rally on Monday after being closed Friday in observance of the Good Friday holiday.

KeepTruckin introduces Maintenance Reminders, a tool that helps companies avoid unscheduled vehicle downtimes.

Turning supermarkets, and their parking lots, into logistics hubs

Ubirch, a blockchain cybersecurity company, has joined the Blockchain in Transport Alliance (BiTA). Learn more about Ubirch and BiTA.

Problem-solving supply chain bottlenecks is the way to build customer loyalty, freight experts say.

Fee-based storage offered at five North American terminals to assist importers dealing with supply chain disruption caused by coronavirus pandemic.

Concurrent EILD program definitely appears to be a less desired option.

The number of empty containers returned to Asia from the California port dropped 23% in March.

Cass data plummets further, erasing any chance of second-quarter year-over-year growth in shipments and freight costs, according to report.

Lobby group puts tab for restoring 231,000 U.S. bridges at $164 billion.

New Amazon Fresh and Whole Foods delivery customers are just going to have to wait.

The Trucking Freight Futures markets were closed Friday in observance of the Good Friday holiday with the spot National contract finishing unchanged at $1.399 per mile week over week.

The coronavirus has strained supply chains of all kinds around the world. Darren Prokop has written an interestng and informative commentary that explains the inherent weaknesses of supply chains and how to improve them.

The investment will help accelerate product development of its next generation SmartTags and scale up operations across both sales and marketing.

Two former UPS executives have new roles with Atlanta-based companies and a service center manager is named.

“If you mask your data and someone accesses it, it’s like stealing an empty purse.” — Matt Yeh, senior director of product marketing for Delphix, on cloud data security and the impact it has on remote work.

While mobile devices are common in many industries, the use of these devices to manage inventory is still limited.

Government agencies and cybersecurity firms are raising alarm bells as companies shift to remote workforces without proper cyber protections in place.

Prologis’ update highlights strength of the logistics real estate market entering pandemic. Some clients are asking for rent relief.

The global logistics giant said its Q1 profits among its five business divisions suffered from the coronavirus upheaval.

It was another mixed day for Trucking Freight Futures on Thursday as the spot National contract finished unchanged for the eighth consecutive session at $1.399 per mile.

Two more significant companies in the trucking and transportation field have implemented layoffs and furloughs. In response to an email query from FreightWaves, Doug Waggoner, the CEO of Echo Global Logistics (NASDAQ: ECHO), said the third-party logistics provider (3PL) had a “small reduction” in staff this week that constitutes less than 5% of the company’s […]

U.S. logistics real estate operator announces it has reached the 100 million euro cap for its European logistics fund.

Website and the online booking platform of MSC have gone offline but fallout appears contained.

Drone use for package deliveries is expected to remain largely grounded by regulatory and infrastructural hurdles during the next few years, according to Frost and Sullivan.

Nikola Corp. filled VectoIQ’s $230 million public shell company after former Wall Street analyst and General Motors executive Steve Girsky shopped more than 100 smart transportation companies and signed 75 nondisclosure agreements and six letters of intent.

“The last place I picked up, I couldn’t even come inside the building to use the bathroom,” said Chicago-based driver Bob Stanton.

Trucking Freight Futures continued to move in a narrow range for the second consecutive session on Wednesday as the spot National contract settled at $1.399/mile.

Morgan Stanley survey shows coronavirus disruption is accelerating for carriers, shippers and brokers, but the height of the disruption may be closer than some may think.

TrueNorth, a carrier and software service for independent truckers announced a $3 million raise this week

Activist investor Barna Capital seeks to swap out YRC Worldwide board members and make non-executive level changes in management.

Businesses around the world are being affected by the pandemic. Among the hardest hit are startups. Brian Aoaeh offers advice for tech startups in the supply chain space.

Cargo X is Brazil’s largest digital freight marketplace, connecting about 20,000 carriers and their 400,000 truckers with freight.

Coronavirus and tariffs blamed for lowest total in more than a decade.

Cargo flows face worst hit in a century but have potential to bounce back fast.

While transportation industry participants have an abundance of questions loaded for management teams this earnings season, answers on the future will be tough to provide.

The “logistics orchestration” startup closes out a yearlong fundraising process at the height of the coronavirus pandemic.

Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.

Trucking Freight Futures are relatively unchanged as a normal trading pattern returns on Tuesday.

Transporting grain is a major source of revenue for the railroads. How will the coronavirus impact the grain market and the railroads?

Shippo is a next-generation shipping platform for ecommerce businesses, helping them provide their end consumers with an exceptional shipping experience.

New CEO named to lead Alabama State Port Authority and senior VP appointed to head Latin American sales.

More funds for loans could help protect small and midsize carriers from layoffs.

World Shipping Council issues reminder that seafarers are the backbone of international supply chains.

“The coronavirus is delivering a shock to the supply chain,” said port chief Mario Cordero.

Even with a better-than-expected fiscal second quarter, Greenbrier invokes several measures to protect its workers and the “viability of the enterprise.”

In the times of COVID-19, logistics companies are stepping up to help the industry in ways they can.

Spot National Trucking Freight Futures opened flat on Monday as the Atlanta to Philadelphia lane weighed on the East region.

Members of the Washington, D.C.-based National Customs Brokers and Forwarders Association of America interviewed by American Shipper this week generally praised CBP for permitting the flow of legitimate trade across the continent.

TrueNorth’s Cook sees low returns, premium income dropping and more “selectivity” from underwriters.

The U.S. Federal Maritime Commission said there has been no shortage of container-shipping industry members willing to participate in its initiative to identify ways to overcome supply chain obstacles caused by the coronavirus pandemic.

Einride remote operator controls multiple autonomous trucks at the same time

But many sellers still in the lurch as the e-giant limits shipments to essential products

VC funding has evaporated, wooing new customers is extremely difficult and existing customers’ focus has changed.

The partnership will produce remote tools that will enable railcar owners and operators to know where their cars are and what is their mileage and cargo capacity.

Passenger aircraft are being used to fly essential cargo between continents. Learn more about what the airlines are doing to survive and to assist key supply chains.

It was another strong week for Trucking Freight Futures as the April contracts “roll” to the new spot month.

TruckPark has added a telemedicine resource within its truck-parking app, giving drivers access to doctors via text or videoconferencing.

The Justice Department said joint logistics operations among five American medical supply distributors to provide protective medical gear to virus hot spots does not violate antitrust law.

CEO Matt Pyatt said some industries served by Arrive are shipping less freight.

Bob Costello expects many trucking companies to go out of business before the economy recovers from the recession caused by the coronavirus pandemic.

FedEx provides a rather dim near-term outlook on operations and announces cost savings and balance sheet actions to preserve liquidity.

Mayor taps Gene Seroka to locate and deliver medical supplies critically needed during coronavirus pandemic.

Trucking Freight Futures finish Thursday’s session mixed as the Dallas to Los Angeles lane (VDL) continues to rise.

Despite COVID-19 concerns, the Port of Alaska and ocean carriers calling Anchorage insist that ships loaded with containers will continue to arrive on schedule.

“These new tools are free of advertising and exist solely to help with information and resource sharing for professional drivers and fleets,” said Frank Adelman, Transflo president and CEO.

QuickPay gives fleets access to same-day payment on the loads they deliver.

3M pushes back as Trump pressures company to keep all domestically produced N95 masks within the U.S. as hospitals and healthcare workers encounter shortages of personal protective equipment as they fight COVID-19.

Plus: Coronavirus clears the air

Jim Blaze looks at the declining need for railroad tank cars. Why is this happening and what’s next?

No one was prepared for the global shipping disruption caused by COVID-19, but Mike Meierkort said Damco’s resiliency program is “the closest thing to having a playbook.”

Vertical integration boosts a marijuana e-commerce company as the pandemic fuels a boom in cannabis sales

March Trucking Freight Futures contracts move to expiration as April “rolls” in as the spot month on Wednesday.

U.S. Customs and Border Protection said it will do its part to keep imports of medical gear flowing efficiently into the country.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  There are certain markets that the average person doesn’t think about often, not until thinking about them is a matter of life and death. Today, I am highlighting one such market – the […]

Tyson Foods plans to pay drivers and essential personnel $60 million in “thank you” bonuses for service during the pandemic.

RoadSync is a digital payment platform offering services that help solve inconsistencies within paper-based invoicing processes in the freight industry.

Chris Henry writes about the true costs of “unseated” trucks and what carriers can do to keep their number of unseated trucks as close to zero as possible.

After a surge in freight over the past few weeks, UBS transportation analyst Tom Wadewitz is predicting a rough two months.

FIATA questions the reasonableness of assessing demurrage and detention charges against shippers and forwarders during pandemic.