Lakefront: hedging trucking rate risk could raise public carrier valuations
We caught up with Gary Saykaly, who is running a new Trucking & Freight Derivatives Group at Lakefront Futures & Options.
We caught up with Gary Saykaly, who is running a new Trucking & Freight Derivatives Group at Lakefront Futures & Options.
Top transportation economist Paul Bingham goes in-depth on trade war freight consequences, both pro and con.
Volvo Trucks has announced a $400M investment and expansion of the plant that will add 777 jobs over the next six years.
It’s been a difficult road for Roadrunner to say the least. The company announces CFO departure.
Freight volumes may have peaked for the season, but it certainly doesn’t feel that way. There is still a lot of uncertainty for Q3 as we close a disappointing Q2.
In March and April, Amazon handled 45 percent of its own packages.
Also on this week’s show: what does the lumber market tell us about the strength of the economy and the trucks needed to move that wood?
ELDs and artificial intelligence have increased the number of opportunities for drivers by allowing for solutions that offer load matching and more.
The numbers of robots in use around the world is forecast to reach 20 million by 2030…. automation is also forecast to displace tens of millions of people from their jobs.
WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.
The Port of Brownsville recently received a key permit from the U.S. Army Corps of Engineers to deepen the 17-mile Brownsville Ship Channel. Dredging on the $350 million project could […]
PHOTO COURTESY OF OTAY MESA CHAMBER OF COMMERCE Post by FreightWaves’ Noi Mahoney Business is good at the Otay Mesa port of entry, California’s largest commercial land port of entry, […]
Florida International Terminal (FIT) deployed a new appointment system in a bid to improve turnaround times for reefer drivers. The appointment system is part of a previously announced expansion at […]
Integrating training and coaching programs into the driver experience can save a company significant money and minimize the risk of serious accidents.
Agency wants to reduce time and costs for driving schools and applicants
Sales of used trucks in the Class 8 market plummeted 22 percent in May compared with the same month a year earlier, and dropped 8 percent from the previous month.
Many companies still do not have cyber insurance and are vulnerable to the costs associated with a data breach.
Donald Broughton writes the second part of his look at the Gross Domestic Product (GDP) and how transportation professionals can tweak GDP numbers to better understand and forecast the business environment they are competing in.
When Democrats took the stage for their first debate, infrastructure was hardly mentioned, and doesn’t appear to be a priority in this election cycle.
Air cargo wait times really vary between airports
Convoy’s Automated Reloads feature allows carriers to book loads from a pre-planned combination of loads designed to minimize empty miles.
The American Trucking Associations will steer clear of the fight over longer-combination vehicles
Coca-Cola (NYSE:KO) moves about 10,000 loads per week in the United States. Drivers picking up those shipments – whether they’re beverage bases destined for bottlers or ice tea for retailers […]
Provision in Coast Guard bill tightens foreign-ship waiver process
W.M “Rusty” Rush III and his stepmother, Barbara Rush, continue to fight in a Texas court over the late W. Marvin Rush II’s estate. The death of 79-year-old W. Marvin […]
This article brought to you courtesy of NEXT Trucking U.S. West Coast ports want to boost drayage efficiency for the upcoming 2019 peak season. They aim to do so through […]
The FreightWaves Freight Intel Group has released another study – this one on autonomous trucking. Read what they foresee for the trucking industry and drivers in the years ahead.
NEXT Trucking is opening a new drayage facility in a bid to speed up truck efficiency at the busiest seaport in the United States. The 18-acre facility, which is about […]
Scott Case explores the reasons behind the recent FedEx lawsuit against the U.S. Department of Commerce.
End-to-end visibility into shipments requires the proper approach, and it often starts with a cloud-based transportation management system.
BiTA’s Patrick Duffy informs committee of blockchain approaching critical mass
Starsky Robotics tested its fully unmanned autonomous truck on a 9.4-mile stretch of public highway on the Florida Turnpike.
CIMC Vehicles, the world’s largest maker of specialty truck bodies and trailers as measured by sales volumes, increasingly appears to be heading for an initial public offering (IPO) on the Hong Kong Stock Exchange.
Intermodal giant sees rail and truck as better than option than truckload into
Brokers said there are lingering trouble spots from Road Check week, but markets are already softening.
FedEx, as expected, posts subpar fiscal 2018 fourth quarter, full-year results
R. Eddie Wayland, TCA Legal Counsel The employee here requested intermittent leave under the Family and Medical Leave Act (FMLA) but was instead forced to go out on continuous leave. […]
FedEx sues U.S. Department of Commerce claiming trade restrictions are difficult to meet and places additional burden on common carriers to ensure shippers comply.
Amendment would hinder LNG export plans by New Fortress Energy
UPS is hosting workshops to help women-owned small businesses gain access to global export markets.
Federal transport spending bill by Election Day? Forget it, former DOT secretary says
Brought to you by EROAD… FMCSA says no transition period, but carriers are waiting until the last minute.
Ease of doing business ranked high with drivers serving over 40 facilities.
Canadian courier plans to build new “super hub” in Toronto and purchase 1,000 new vehicles in response to record volumes.
The African Continental Free Trade Area (AfCFTA) will boost trade between African partner states by removing tariffs. This helps the U.S. improve trade relations as it takes out the need to draft separate trade agreements with individual African states.
Business is good at the Otay Mesa port of entry, California’s largest commercial land port of entry, which tallied a record $50 billion in two-way trade with Mexico during the […]
The monthly report on the trucking market showed nearly “across-the-board declines” in May, according to the latest ACT Research For-Hire Trucking Index.
Cargo theft is a problem that has remained constant within the freight industry for many decades. Technology can now help supply chains protect their operations and repel hijackers.
Texas Governor Greg Abbott, a Republican, announced June 21 that he would send another 1,000 National Guard troops to the U.S.-Mexico border to aid the federal government with border security […]
Market expert writes about the latest tensions in the Mideast and how that might impact air and sea cargo, as well as supply chains.
You may have to become a super-shipper of choice. Don’t underestimate Walmart
2019 is shaping up to be the worst year for trucking in the past five years.
Although some Chinese economic indicators are flashing warning signals, Yunda, STO, YTO, and ZTO are still on fire.
Caroline Mulroney will be the ministry’s third leader in less than a year as province’s government contends with widespread public dissatisfaction.
Michael Lewis wrote “Moneyball” about the tactics Billy Beane used to improve the Oakland A’s. Read Zach Strickland’s take on using moneyball tactics in the freight market.
Few shippers understand the trucking business like Pepsi.
While President Donald Trump and Chinese leader Xi Jinping have agreed to meet at the G20 Summit in Japan next week, the U.S. agriculture industry remains skeptical that the ongoing tariff battle between the two countries will end anytime soon.
Smoking crystal meth directly led to a fatal crash that killed two truckers; meanwhile, dead kangaroos, speeding, and dodgy crane operators feature in two labor-law hearings in Australia
A wave of new logistics warehousing supply is unlikely to derail the increase in asking rents
The implementation of precision scheduled railroading has contributed to dwindling morale and could result in creating unsafe working conditions should the federal government withhold intervention, according to union witnesses at a June 20th Congressional hearing on rail safety.
Guest post by FreightWaves’ Kevin Hill Amazon’s entry into online freight matching is being met with skepticism and unease by much of the logistics industry, according to a market research […]
The Trump administration is considering levying tariffs on the remaining $300 billion of Chinese exports to the United States so far unaffected by duties. Freight Intel, FreightWaves’ proprietary research group, […]
Beemac Logistics, a Beaver, Pennsylvania-based transportation and logistics provider, has opened a new office in Houston to better serve clients in the region, said chief commercial officer Michael Ceravolo. Beemac […]
Automotive industry supply chain expert Surgere has joined the Blockchain in Transport Alliance (BiTA). Read more about Surgere and BiTA.
Mexico became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) when its Senate approved it by a vote of 114 in favor to 4 against on June 19. […]
The FreightWaves radio team of John Kingston & Chad Prevost will also be discussing the status of the trucking market. Three chances to listen in!
Purchase, combination of 2 logistics firms broadens vendor consolidation, volume LTL footprint
Changing harbor tax could help smaller ports compete with trucks
Blockchain technology can disrupt the transportation industry by bringing in digitization, trust and transparency to the market. But this will not be possible without a clear set of common and open standards.
Guest post by FreightWaves’ Todd Maiden The Cass Freight Index Report showed further deceleration in the freight markets in May. Donald Broughton, Founder and Managing Partner of Broughton Capital and author of […]
The Los Angeles Board of Harbor Commissioners narrowly approved a permit that would allow Maersk’s (Nasdaq OMX: MAER) terminals subsidiary to automate container moves at the largest marine terminal on […]
The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.
The demand for temperature controlled equipment is keeping the freight market active for reefer carriers and produce haulers, but general volumes continue to slide off 2018 highs.
In a future where autonomous vehicles offer mobility-as-a-service, it is critical to identify the parties involved in transactions – the users and the vehicles. Blockchain can help in this regard.
Acknowledging the widespread issue of distracted driving is the first step to change. Technology can be used to monitor real-time driving behavior, with those insights leveraged to improve driver behavior.
Getting trucking right is particularly important for a company like General Mills (NYSE: GIS), which has faced so much cost pressure from this aspect of its supply chain in the […]
The United States has been ranked number 43 in the official list that ranks the quality of shipping, owing to the less-than-optimal performance of U.S. flagged ships in overseas ports. The U.S. ranks right behind Saudi Arabia and just ahead of Libya on the Grey List, which is a ranking of less-than-the-best flag states.
A colder than normal spring across northwestern Mexico meant the Mexican table grape export campaign suffered a delay of several weeks, spiking demand in June for reefer trucks out of […]
Will UPS take a harder pricing line on Amazon now that FedEx is gone from the air express picture?
Truck-borne freight is the most popular target for thieves, according to a new global study by cargo insurer TT Club and supply chain consultant BSI. Trucks and truckers face a variety of threats including firearm-bearing kidnappers and fake ‘police.’
A few months after launching the Facility Ratings feature in its app, Uber Freight has published its first Facility Insights Report, a compendium and analysis of carriers’ ratings of shipper […]
Ray Martinez concedes finding enough drivers aged 18-20 with military experience could be difficult.
Texas makes mail and parcel theft a criminal offense, allowing local law enforcement to prosecute cases rather than turn them over to the Feds
Canadian-based firm rolls out Amazon-like hubs to handle shipments for merchants using its e-commerce platform.
Carrier and logistics firm NFI was named in a report highlighting deficiencies in a New Jersey tax incentive program aimed at keeping businesses in the state. Camden-based NFI was one […]
Ashley Coker CHART: FREIGHTWAVES’ SONAR Volumes out of the Tifton, Georgia market have been moving upward since the beginning of the month, with FreightWaves’ SONAR Outbound Tender Volume Index (OTVI.TMA) […]
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.
LTL giant claims new requirements would also add costs to its in-house driver training.
Fr8Hub recently announced that it will expand its services to provide domestic freight matching throughout Mexico, connecting shippers with available carriers throughout the country. The Fr8Hub carrier network currently features […]
Retail giant Carrefour is leveraging blockchain to track the provenance of the food products it stocks in its stores, thereby providing its consumers information that far exceeds the data provided on conventional product packaging.
The data that can be gathered from a truck’s telematics has caused a shift from selling trucks as products to selling trucks as solutions to owners’ issues.
State-by-state benefits of raising gas tax included in White House letter.
The report showed further deceleration in the freight markets in May and warns an economic contraction could be underway.
Correction: The previous headline in this article was corrected to reflect that Darigold plans to export 50 percent of its products globally in coming years. United States dairy producer Darigold […]
Input from transportation partners shaped food giant’s distribution centers, with the aim of keeping drivers there are little as possible.
Amazon to add 15 B737800 freighters through lease with GE’s Aircraft leasing unit
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
Lakefront Futures & Options will be marketing Trucking Freight Futures through its new Trucking Derivatives Group. Read the article and learn more about Trucking Freight Futures and Lakefront Futures & Options.
The US logistics industry is making strides in overcoming macro volatility by a focus on IT improvements and shipper-carrier relationships