In return, the South American country wants the U.S. to recognize singani as its national alcoholic beverage in strengthening bilateral trade ties.
Liners confront higher ship-lease rates at the very time fuel prices are spiking.
Trucking Freight Futures ended Tuesday’s session mixed with forward curves pointing to lower near-term rates.
Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.
Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said. Norfolk Southern (NYSE: NSC) reported its operating and financial results for the […]
Wall Street reacts positively to a projection for the rest of the year.
Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.
Revenue gains for grain, energy, chemicals and plastics provide boost.
Startup Baton Trucking believes it can eliminate waste and detention through a drop yard network.
U.S. Justice Department announced the arrest of Harvard University’s chemistry department chair on charges of lying about financial and research connections to the Chinese government.
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.
Owner-operator group calls decision “highway robbery.”
Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”
Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: […]
PACCAR is riding a comparatively low inventory of unsold trucks into 2020 as new orders and production in the first quarter are expected to be down 5-7%, the company told analysts following its report of record revenue and profits in 2019.
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
It’s the same story for carriers and shippers: up like a rocket and down like a feather
Smart contracts may be a boon for trucking companies and owner-operators, ensuring they are paid for all their activities, and reducing the time it takes to get that payment.
DAL to LAX continues to stumble as Freight Futures open mixed to lower
U.K.-based Shipamax has raised $7 million to digitize and automate global logistics back-office functions. The Series A investment was led by Mosaic Ventures, with participation from existing investors Crane Venture […]
PACCAR overcame a slowdown in Class 8 truck orders to report record revenue and earnings in 2019, but fourth quarter results took a hit in both measures compared with a year ago.
Quarantines and factory shutdowns could deepen and extend the traditional Chinese New Year trough.
Group aims to establish common vocabulary to make digital communications easier in ocean freight.
Analyst forecasts tough sledding for freight in first half of the year
Better analytics needed to be a tip of the future spear.
The Stamford, Connecticut-based shipowner agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department’s Office of Foreign Assets Control for Burma sanctions violations.
Customs brokers and express carriers will take “a more active role in monitoring, detecting and preventing trafficking in counterfeit and pirated goods,” the U.S. Department of Homeland Security said.
Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best
Dallas to Los Angeles futures (VDL) stumble in an otherwise positive week for Tucking Freight Futures.
The fourth quarter featured the largest bankruptcy in the five years Haynes & Boone have been keeping track.
More than 80 trade associations urged the House of Representatives to pass legislation that would close a gap of over 700 Customs and Border Protection agriculture specialists in the nation’s ports.
Crowley Maritime Corp., part of Jacksonville, Florida-based Crowley Holdings Inc,. has realigned its marine services organization and introduced new leadership. Crowley Marine Services, part of the company’s shipping group, will […]
C.H. Robinson President and CEO Bob Biesterfeld told FreightWaves that Robinson Labs will develop solutions, both technological and otherwise, for its customers, carriers and Robinson employees.
This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November […]
The pharmaceutical industry loses at least $15 billion of product a year to temperature deviations that force cargo disposal.
Trucking Freight Futures continued to firm on Thursday as bullish fundamentals emerge.
Labor department’s ‘newfound powers’ means new hazards for companies that use independent contractors.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
The railroad eyes slight volume growth in 2020 amid plans for longer trains and reduced headcount.
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
Intermodal struggled while Brokerage also has a strong period.
Truck owner claims his employer and Amazon worked him “like a rented mule.”
Walmart argues that jury took things too literally in awarding back pay to California drivers
Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.
Spare aircraft engine dispositions stave off weakened demand for railcars in North America.
Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported $18.2 billion in quarterly sales, […]
Staffing agencies lease drivers to fleets stymied by employment regulations.
National Trucking Freight Futures rise on Wednesday as the East region regains some luster.
Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.
To have an edge in the logistics market, it is critical for companies to spot the right talent and retain them in their ranks over a considerable period of time.
Trucking insurance continues to get more expensive. Chris Henry and Daniel Pickett provide information about captive insurance agencies.
Net income falls in the fourth quarter amid a decline in operating revenue and a decrease in rail volumes.
C.H. Robinson is leveraging part of its $1 billion investment in tech to establish Robinson Labs, a technology innovation incubator.
US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.
Strength in the West region nudges National Trucking Freight Futures higher on Tuesday.
Prologis posts solid 2019 results, hikes 2020 guidance
The e-commerce giant won a patent for a theoretical multimodal vehicle designed to deliver and pick up items from online shoppers.
Darren Prokop writes about international trade and the World Trade Organization. Are disputes among member countries being handled correctly?
Rob Moseley is an attorney at Moseley Marciniak in South Carolina. He’s defends trucking companies in the courtroom, and he’s watched as verdicts against trucking companies have been soaring. Is […]
Christenson will focus on scaling UF Europe “at speed and responsibly.”
Asset quality mostly improved but net interest margin compressed by 62 bps.
The department said the shift of certain firearms from the U.S. Munitions List to the Commerce Control List does not decontrol these items but changes the level of export control oversight.
Presidential candidate’s Clean Transportation Plan calls for 15% of new trucks to be pollution-free by 2030.
The World Economic Forum opened today. Climate change is the most-feared risk of respondents to a WEF poll. Brian Aoaeh comments that disruption of global supply chains is the real fear.
Blockchain is a popular subject of discussion and dissection, but is it really the savior of all things logistics?
Trucking Freight Futures markets were closed on Monday; Futures forward curves point to flat year-over-year rates.
Railroad expert Jim Blaze writes about coal, a key commodity hauled by rail. The amount of coal being hauled by rail is declining. Why? And what does the future hold?
We gear up into this frigid week with a wild ride of headlines and industry updates. First, some bad news: a fatal shooting at a family-owned trucking company in San […]
Shippers in a Morgan Stanley survey are optimistic over the macro environment and expect rate improvement moving forward. Plus, Chinese New Year impacts and supply chain sustainability takes a hit.
A mixed trading session on Friday capped a bearish week for the Trucking Freight Futures market.
Technological change is requiring a fresh vision to help manage trucking operations. Here are three opportunities to take advantage of now.
The U.S. Energy Department will continue to allow the licensed export of highly enriched uranium for overseas medical isotope production for another two years.
BIMCO, BOLT, Commercial Jet and Kane Is Able also announce executive appointments.
Chicago company nearly doubles its size with “likely the first acquisition of several.”
FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.
A dispute over France’s digital services tax has the Office of the U.S. Trade Representative considering up to 100% tariffs on French champagne and sparkling wine imports.
We gear down into the backhaul of our week with news of a headline glitch. Starting early Thursday, small-business truckers who rely on the spot market began reporting problems logging […]
Service improvements will help grow rail volumes and revenue, the company said during its fourth-quarter earnings call Friday.
J.B. Hunt’s fourth quarter call addresses some challenges facing its brokerage and intermodal businesses.
Thursday’s National Trucking Freight Futures forward curve points to softness in spot rates through February 2020.
Deal to buy Utah-based company will expand Parkland Fuel’s presence in the Western United States with 84 locations and 63 trucks.
Jim Blaze explores the decline of railroad freight volume and what may happen going forward.
Five Pakistani men are charged with duping 29 U.S. companies into illicitly exporting equipment and components to the blacklisted Pakistan Atomic Energy Commission and Advanced Engineering Research Organization.
Coal declines and a still sluggish industrial economy could put pressure on revenue this year. Still, CSX sees upside potential for intermodal and merchandise volumes.
The Nolan Transportation Group and Transportation Insight roll-up continues apace.
J.B. Hunt reports lower-than-expected earnings in the fourth quarter as weaker market conditions and increased investment weigh on results.
The expansion is roughly in line with those of recent years.
Lobsters may be premium, time-sensitive air cargo, but Delta Air Lines is also learning how these, and other, arthropods use their body suits to safely carry large amounts of weight.
With an impending breakup of the company, XPO Logistics will look like a far different company as the century’s third decade dawns.
GlobalTranz, already among the largest brokerages in the nation, grew a bit more with the acquisition of 3PL Cerasis.
Truck manufacturers claim improved aerodynamics could save a driver up to 400 gallons of fuel a year.
Overwhelming approval of U.S.-Canada-Mexico Agreement Implementation Act paves new trade pact’s way to President Trump’s desk for signature.
Brian Aoaeh writes about the challenges and opportunities of logistics in Africa – and what will likely occur in the next few years.
National Trucking Freight Futures fall again on Wednesday under the weight of weakness in the East.
“We are seeing drawback for commodities/products where we did not see it before,” said Michael Cerny, chief legal officer for duty drawback specialist Charter Brokerage.
Canadian auto manufacturer says it will stop developing self-driving technology with the U.S. ride-sharing company as it announces lower sales outlook for 2020.
