We examine two historical freight market troughs, 2011 and 2013, to understand current dynamics.
ATRI’s annual study finds significant congestion up 92% in five years.
Partnering with the right 3PL provider allows access to a far-reaching carrier network, expansive capacity and a full spectrum of tools and resources.
Railroads once carried much of the fresh produce across the U.S. Can they do it again? Jim Blaze explores the topic in his latest commentary.
The bankruptcy of several trucking firms has impacted capacity and U.S. trailer availability in Mexico, forcing companies to look at different ways to keep freight rates low.
ALC president sees little overlap in customer base.
Declines in Cass data accelerate but report calls for rates to inflect higher in 2020.
The mission is to make the yard environment cleaner and more efficient, Outrider CEO says.
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to transport sanctioned Venezuelan oil.
The second half of 2020 is shaping up to be either very good or very bad for dry bulk shipping.
Nothing fires up the trucking community like a strong opinion on the driver shortage. From its inception, FreightWaves waded into the conversation, balancing perspectives from both ends of the continuum. We considered the American Trucking Associations’ (ATA’s) perspective that there is an ever-expanding dearth of quality drivers, especially for midsize to large carriers. We considered […]
The Artic Ocean may be the next area that sees the superpower nations “rubbing up” on each other in search of faster ocean passage and a new source of natural resources.
With Trucking Freight Futures closed on Monday, new SONAR futures spot month data combined with the forward curves point to a continued soft rate environment.
Logistics continues to adapt due to globalization and technological innovations. This article explores trends that may change logistics in 2020.
EXPD earnings fell 23% year-over-year; management cited the business cycle and warned about Q1 coronavirus impacts.
Daimler Trucks and Torc Robotics are expanding autonomous driving tests on new routes, plus the outlook for diesel prices remains stable, coronavirus to hit Apple earnings and the Dairy Farmers of America may have saved the day.
During its annual user conference, CEO Ray Greer talked about adapting to data-driven technology trends.
Samsara has upgraded its fleet management platform to provide Amazon-like visibility and flexibility to deliver its clients a standout customer experience.
Companies that have been outsourcing and far-sourcing their supplies might now look to source closer to their assembly line to have flexibility during times of disruption.
Walmart’s fiscal fourth quarter comes in light of expectations as holiday activity was lower than expected.
“Quality brokers don’t just simply cast a wide net and wait for capacity to come to them,” said Noam Frankel, founder and CEO of FreightFriend.
Knight-Swift will integrate Truckstop.com’s Book It Now digital freight offering into its logistics operation, and provide access to Truckstop.com’s load board for its owner-operator and carrier partners.
Old Dominion Freight Line announces a 4.9% general rate increase after reporting market stabilization in January.
Inland trucking slowdown in China leaves port reefer plugs full, blocking refrigerated food imports.
Airbus warned that tariff increase on European aircraft would result in “more instability for U.S. airlines that are already suffering from a shortage of aircraft.”
A mixed session on Friday leaves Trucking Freight Futures seeing red for the week ending 2/14.
Ending the coronavirus worries won’t be enough for out-of-balance markets, according to Energy Aspects.
USTR’s Bilateral Evaluation and Dispute Resolution Office will ensure China commits to “Phase One” trade obligations and provide forum for settling disputes involving the bilateral trade pact.
Brian Aoaeh explains how simulated bifurcation technology may change supply chain operations in the near future.
Market Expert Mike Baudendistel looks at the prospects for the truck original equipment manufacturers in 2020.
While capacity utilization in long-haul trucking is going down, the capacity needs of last-mile delivery are increasing due to the rise of e-commerce.
Founders of the self-driving truck outfit discuss efforts to build a logistics company for autonomous vehicles.
The Commerce Department wants to tighten the licensable requirement for exports containing U.S. semiconductor components to 10% for the Chinese telecom.
Kansas-based RCX Logistics, also known as RailCrew Xpress, is citing the loss of its Amazon contract as the reason it will permanently lay off more than 600 delivery drivers in Texas, Alabama and Florida.
Ben Thrower explores the U.S. food chain is complex, but provides a cornucopia of food choices in almost unlimited supply.
Trucking Freight Futures fell sharply on Thursday as the short-term impact of the coronavirus weighed on the market.
Into its second decade of existence, Daseke pumps the brakes on acquisitions and attempts to streamline all that it has bought.
The electrification of the transportation sector is not easy, and it is not something that industry needs governments to lead. But, a little help from state and local governments will go a long way toward moving electrification forward — wherever that leads. “This isn’t something we need Washington to make a call on. It is […]
The Justice Department also said Huawei and its subsidiaries violated the RICO Act by stealing trade secrets and copyrighted works from six U.S. companies.
FedEx paid the Big Apple $9.8 million in fines as multiple users compete for limited curb space.
Response to DOT’s national freight strategy proposal reveals top concerns.
Trucking Freight Futures continued to amble along sideways on Wednesday while still looking for some direction.
Jim Blaze writes about the transportation of hazardous materials by rail. Accidents have occurred, and the railroads need to continue to work to decrease their number. However, rail is the safest way to transport hazardous materials.
U.S. Customs and Border Protection plans to roll out a handful of new trade processing functions in the Automated Commercial Environment throughout the year.
Record fourth quarter revenues were spoiled by $118 million in extra depreciation costs.
Fuel card provider WEX Inc. reports a solid fourth quarter but calls out weakness in the trucking market.
Stock in Canadian transportation company trades more than 7% above offering price after CEO Alain Bedard rings opening bell on New York Stock Exchange.
Recent changes in electronic logging device mandates put a hit on the company’s bottom line in 2019 — and probably in 2020.
Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23.8 million, or a profit of 64 cents per diluted share, […]
Acquisitions and strong less-than-truckload performance help bring record revenue to Mullen Group’s trucking and logistics business and offset declines from its struggling oil services.
Executive order establishes national policy to safeguard positioning and navigation services.
The Distilled Spirits Council is “gravely concerned” that an ongoing trade spat between the U.S. and EU will upend a decade-long increase in international sales.
$360 million allotted to deepen the Port of Mobile and the Lower Mississippi River.
Arrive tries to put an upgraded twist on a traditional business.
Trucking Freight Futures forward curves point to a challenging rate environment for inbound and outbound Chicago freight.
Andy Peters provides information about the real estate marketing in the warehouse/distribution center sector.
Canadian e-commerce company sticks to measured approach to building out its U.S. fulfillment network after reporting nearly 50% jump in sales.
The Office of the U.S. Trade Representative said the trade dispute settlement body has overstepped its function and makes “erroneous interpretations” of World Trade Organization agreements.
After a long history of bears pulling down its stock price, Tesla is now witnessing an astonishing surge in its market value. Since the start of this year, Tesla’s stocks have risen by roughly 85%, crushing estimates and stunning market analysts. This performance is partially due to Tesla beating analysts’ expectations on Q4 2019, reporting […]
Apex.AI is an autonomous driving startup that builds software on the Robot Operating System (ROS), bringing improved safety to vehicles.
Truckload carrier heads talk demand, rates and capacity at investor conference.
Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
The proposed budget includes $2 billion to construct another 82 miles of border wall along the U.S.-Mexican border and more than $160 million to hire and train 750 Border Patrol agents.
Learn about nine different types of truck driving jobs that are available.
The response from CEO Jacobs is always the same: Splitting it up will achieve better shareholder value.
An exclusive interview with Matt Heider, CEO of voyage-optimization platform Nautilus Labs.
Darren Prokop writes about the volatility in trucking, and how ecommerce may help less-than-truckload carriers recover in 2020.
Manic Monday for Trucking Freight Futures with ten of eleven markets lower.
Lawmakers want the Defense Department to explain within 60 days why it rejected a Commerce Department proposal to tighten the U.S. content threshold for exports to the Chinese telecom.
FreightRoll is a trade documentation and tracking platform that enables companies to digitalize paper documents from their freight operations.
Canada’s largest transportation company looks to raise nearly $200 million as it prepares to offer 6 million shares in the United States.
This strategic partnership will provide Redwood customers with visibility into an additional 500,000 trucks.
North America propped up Daimler Trucks sales and earnings in 2019 as lower European and Asian volume, along with restructuring costs and settling emissions-cheating allegations dragged the industry leader’s results lower.
Old Dominion Freight Line sponsors Major League Baseball, and for eight of the 30 MLB teams, the less-than-truckload carrier helps make Florida and Arizona feel like home for six weeks of spring training.
European supply chain platform Shippeo raises $22 million for expansion. Plus, Rhode Island aims to boost truck toll fees, global container movement falls and Nikola unveils electric pickup.
Many turn to factoring to ease cash crunches.
Proposal includes discretionary grants for truck parking.
Proceeds could give Canada’s largest transportation company more firepower to pursue acquisitions as it prepares to make a big leap into capital markets south of the border.
Radiant Logistics reports a 25% slowdown in its last calendar quarter of 2019.
Many measures of activity were weaker but the bottom line improved.
Canadian transportation company delivers impressive performance in weak freight market as it finishes 2019 with 20% increase in operating income on strength of its truckload and logistics businesses.
Tesla will produce its much-anticipated all-electric truck in “limited volumes” this year, according to CEO Elon Musk.
President Trump directed the removal of sanctions against the Turkish defense and energy ministries on Oct. 23.
Jim Blaze explores whether the Class 1 railroads are downsizing their railcar fleets.
A mixed Friday punctuated a mixed week for the Trucking Freight Futures markets.
Brian Aoaeh writes about the use of software and technology in the trucking industry.
Apart from being emissions free, electric vehicles will have a much less total cost of ownership than conventional diesel vehicles.
Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.
The layoffs close a chapter of freight brokerage in Chattanooga.
The Office of Foreign Assets Control added CONVIASA and its aircraft fleet to the Specially Designated Nationals and Blocked Persons List for supporting Maduro regime.
J.B. Hunt announced that CFO David Mee will retire March 1. The company will fill the interim role internally until a permanent replacement is found.
The East African country is “an important strategic partner of the United States, and there is enormous potential for us to deepen our economic and commercial ties,” U.S. Trade Representative Robert Lighthizer said.
Trucking Freight Futures continued their slow descent lower with another down session on Thursday.
With smartphones and other mobile devices vital to how companies conduct business, corporate compliance officers strive to prevent unlawful exports of controlled data.
Sendengo is a digital freight brokerage that enables users to control transactions and helps reduce cargo theft.
Darren Prokop writes about the future of data in for-hire transportation. Data is information and can become knowledge.
FLEETCOR Technologies, Inc. (NYSE: FLT), a fuel-card and business-payments provider, announced fourth-quarter 2019 adjusted earnings per share (EPS) of $3.17, 14% higher year-over-year and $0.03 better than the consensus estimate. Total revenues increased 9% to $698.9 million in the fourth quarter of 2019, compared to $643.4 million in the fourth quarter of 2018. However, net […]
Full year net income set a record; CEO speaks highly of rail operations
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
Company posts expected $8.6 million profit as intermodal helps offset declines from trucking and other divisions as new CEO looks to better performance in 2020.
