Inside this edition: A merger or acquisition might be worth considering; big trends in the supply chain world this year; and a cannabis/3PL deal closes.
Your latest info on all things in the cold chain world
Inside this edition: The U.S. Bank Freight Payment Index makes a splash; for-hire carrier rankings are out; and Nowports comes stateside.
Christopher Thornycroft, executive vice president at Redwood, joined us to talk about the Lunar New Year and what it means for freight demand. For those unaware, the Chinese Lunar New Year holiday began Jan. 22 and typically lasts two weeks. This year, it will end with the Lantern Festival on Sunday.
Commodity prices have come down, but manufacturers say their costs are still rising.
Inside this edition: Regulations for customs brokers get a facelift; Laredo is the MVP; and Credit Suisse provides some new year ratings.
Your latest info on all things in the cold chain world
The Food and Drug Administration has issued a 60-day notice of its plans to conduct research on front-of-package nutrition labels.
In this issue of the WHAT THE TRUCK?!? newsletter: Final mile fails, LEGO HQ moves to Boston, Tesla’s new SEMI and Cybertruck plant
A report published Wednesday by Morgan Stanley Research highlights demand expectations and how carriers and brokers are hungry for freight.
Inside this edition: Warehousing automation will be key; the automotive sector is hot for 2023; and an upsetting trend hits too close to home.
CPGs’ worst nightmare For certain CPG categories, I would argue that the worst thing that could happen isn’t a recession but consumers getting religion on healthy eating and avoiding the […]
Josh Smith, vice president at Variant and over-the-road operations at U.S. Xpress, spoke to FreightWaves about the Variant program and how technology and operations are vital to success in trucking.
Inside this edition: designer brands relying more on 3PLs; Mexico gains another manufacturer; and more acquisitions.
Your latest info on all things in the cold chain world
Sugar reduction startups The consumer-packaged-goods-related article that I found most interesting this week was in FoodBusinessNews and it described three startups focused on developing very innovative sugar reduction alternatives. Here […]
On Tuesday, FreightWaves interviewed Werner Chief Information Officer Daragh Mahon about the company’s recent partnership with Samsara, diving into how AI and updated legacy systems are transforming Werner’s 8,500-truck fleet.
Inside this edition: It’s time for Lunar New Year stoppages; rent is on the rise; and big promotions in the logistics world.
Growing evidence of ‘shopper rebellion’ Elasticities, or the negative change in sales volume in response to rising prices, has been one of the main topics in the CPG industry in […]
A Republican-backed bill introduced by U.S. Rep Brian Mast, R-Fla., seeks to exempt underage truck drivers from rules that prohibit them from hauling containers to and from marine terminals.
Your latest info on all things in the cold chain world
Inside this edition: Accessibility training for visually impaired freight brokers; California continues to be complicated; and GXO sets the bar high.
Your latest info on all things in the cold chain world
It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming.
Deceleration in Constellation Brands’ shipment growth and disappointing margin outlook Constellation Brands, the owner of the Corona and Modelo beer brands and various wine and spirits brands, such as Svedka […]
Wabash and J.B. Hunt Transport have signed a multiyear deal that will supply J.B. Hunt with 15,000 trailers. The size and scope of the pact are significant, as the past two years saw pandemic-related supply chain disruptions throttle up new trailer orders, causing the average age of existing trailers to rise.
Inside this edition: FTC proposes to ban noncompetes; the nonshortage shortage of medicine; and Estes moves to hand down the family business.
Your latest info on all things in the cold chain world
On Tuesday, FreightWaves interviewed Josh Bouk, president of Trax Technologies, about the recent Securities and Exchange Commission rule-making recommendation back in March 2022 regarding scope 3 emissions. Scope 3 is a part of a larger greenhouse gas emissions overhaul by the SEC, the intent being for companies to disclose their impact on the environment.
Inside this edition: Nearshoring to Mexico on the rise; Canada comes out on top again; Not your average Super 8-K makes headlines.
Bob Biesterfeld, president and CEO of C.H. Robinson Worldwide Inc., stepped down Tuesday. FreightWaves’ Mark Solomon wrote that according to a person familiar with the matter, this departure had been planned months in advance and mostly was a matter of timing.
Your latest info on all things in the cold chain world
In this issue of the WHAT THE TRUCK?!? newsletter spot rates hit high, C.H. Robinson fallout; a new trucking movie and more.
Inside this edition: Money can’t fix a people problem; FMCSA announces new oversight plan; and Forward Air adds to its family.
Persistently higher inventory levels are causing a drag on truckload tender volumes as 2023 begins. 2019 and 2018 SONAR data indicates we may approach levels of pre-pandemic seasonality, but higher truckload capacity will continue to negatively impact rates until enough truckload supply leaves the market.
Your latest info on all things in the cold chain world
Inside this edition: Prospecting gets creative; size matters in final mile delivery; and C.H. Robinson makes executive changes.
In this issue of the WTT newsletter distracted driving at sea; the cheap freight problem; is automation coming for all of us; a sauerkraut spill and more.
In this issue, real vs fake Christmas trees; East Coast spot rates sink; Tesla Semi event and more.
In this issue of the WTT newsletter: C.H. Robinsons latest layoffs; freight community offers roles for displaced CHRW workers; Truckersgiving comes to Love’s; more
In this issue of the WTT newsletter, all call to action to help fight back against falling rates; drop in home sales hits freight; Starlink coming to your truck
Sick of earnings season yet? It’s this time of the quarter when I miss my old position as a sell-side stock analyst the least. For those looking to get caught […]
Inside the WHAT THE TRUCK?!? newsletter; is Tesla Semi breakdown a big deal; TikTok gets into fulfillment; Amazon parks delivery robot and more
Outbound tender rejection rates, a measure of the percentage of truckload shipments tendered to carriers by shippers, have reached a record at 5.05%. For trucking, this will be a cause of mostly stress instead of celebration.
Uber Freight recently released a report on contracted rates. Its consensus is that contract rates are indeed falling, but like a game of contracted musical chairs, we still do not know when the music will stop.
In this issue, markets continue their collapse; Amazon drivers delivering during Ian; man rides on back of semi for 100 miles; robot french fry apocalypses; Tesla ditches sensors; and more.
Atoke, a town of 3,000 people nestled in the Choctaw reservation in southeast Oklahoma, used to be home to herds of buffalo and bison (there is in fact a difference). Now this reservation, a hidden 11,000-square-mile parcel of land, has become one of the largest drone delivery testing sites in the world, according to FreightWaves’ Jack Daleo.
One of the most interesting takeaways in the chart above details how traditional freight brokerages that have built and marketed their own apps have taken the lead in downloads over third-party load boards.
Daimler Truck CEO Martin Daum has strong opinions on cabovers versus conventional trucks, fuel cells and other issues.
urricane season can frequently — and unexpectedly — change the trucking dynamic. Part of this involves the positioning of equipment in anticipation for hauling FEMA freight.
High butter prices expected to persist Butter is currently second only to eggs for the title of most inflationary food item, up 25% year over year, compared to 13%-14% for […]
Inbound container volumes into the U.S. bode poorly for future trucking volumes. Trucking is the critical node for transporting goods, handling over 70% of freight in the U.S. at a given time.
A few days in Germany revealed an inconvenient truth about real-world applications of battery-electric and hydrogen-powered trucks.
In this issue of the WTT newsletter: rail workers still want to strike; Nikola’s Trevor Milton intervention; pre-trips go VR; best states for drone delivery
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index increased 2.8% in August after a disappointing 1.5% drop in July. The ATA data primarily relates to contracted freight tonnage volumes and is a useful indicator of shipping activity.
The outlook for trucking companies buying new or used Class 8 trucks can best be described like a 2005 Facebook relationship status — “It’s complicated.”
A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.
FreightWaves, in partnership with MerQube, an index provider, on Tuesday released a supply chain tech index. This index is composed of companies identified by FreightWaves and MerQube as supply chain tech companies and traded on developed market exchanges.
U.S. Xpress is going through a reorganization following a recent round of layoffs. The technology-driven Variant program will be merged into a larger Highway Services group, which will include the legacy over-the-road business and the USX freight brokerage.
How is it that California, the world’s fifth-largest economy and the state most autonomous trucking startups call home, refuses to allow commercial testing of the technology?
In this issue of the WHAT THE TRUCK?!? newsletter, truckers honking for kids; a season of no peak; iPhone 14 adds crash rescue feature; surgery performed via EV; and more.
Driver training schools are seeing an influx of those interested in joining the trucking industry.
For many over-the-road drivers, a major source of their meals can come from C-store locations built into truck stops like Love’s, Flying J and Pilot.
The trucking business is often cyclical, and understanding the changes in profitability is a great barometer for the general macroeconomic outlook.
Industrial carbon dioxide shortage The industrial CO2 shortage is a supply chain issue that stands to impact the consumer packaged goods industry heavily with food and beverage manufacturing representing approximately […]
On Monday, the Iowa-based truckload carrier acquired several assets from the Contract Freighters Inc. (CFI) portfolio
Consumer packaged goods companies (CPGs) and retailers are among the largest intermodal shippers. Today’s edition of The Stockout highlights data relevant for shippers that utilize rail intermodal or are looking […]
Inside this edition: CVSA Brake Safety Week; Canada is No. 1; and robots and hot dogs come together.
FreightTech 100 nominations end soon It’s the second most wonderful time of the year behind college football returning. If you or someone you know is innovating or disrupting the freight […]
Inside this edition: Preventing daily fires … the pessimistic outlook on carrier retention … The newest fixer-upper.
Rail service levels are impacting trucking intermodal growth plans. At a Deutsche Bank transportation conference on Tuesday, J.B. Hunt noted that intermodal demand remained strong but poor rail service appears to be creating a bottleneck.
In this issue of the WHAT THE TRUCK?!? newsletter: ocean rates sink; Walmart inventory woes; Amazon adds peak season fee; and more.
Inside this edition: What is everyone upgrading? … 2021 was the MVP year … More acquisitions in Q3
Trailer pools as a hedge against contract rate declines, Electric truck infrastructure — breakthroughs versus misconceptions
How well will consumer packaged goods (CPG) purchases ultimately hold up? Not only is CPG demand forecasting arguably more difficult than ever, it is also more critical than normal since […]
Inside this edition: Getting just the right amount of Tech upgrades; A rift among former customer and service provider; and a newbie joins Nuvocargo’s ranks.
ATRI: Costliest year ever in trucking On Wednesday, the American Transportation Research Institute (ATRI) released its annual report on the operational costs of trucking. The report, which has been published […]
In this issue: port protests hit Baltimore; Ford’s drone trucks; world’s largest container ship; and do delivery apps deliver to trucks?
Inside this edition: Getting ahead of claims, the task force with the hottest acronym, and someone just leveled up.
Legal battle over trucking independent contractors The trucking owner-operator business model is getting more legal challenges. The 7th U.S. Circuit Court of Appeals overturned a lower court decision in May […]
Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.
Inside this edition: being a better prospector, transportation costs at a minimum, and FedEx has new toys.
Inside this edition: the rise of ESG initiatives, congestion up again and the future of shopping malls.
Trailer pool services are gaining adoption. Wabash, a major manufacturer of equipment, recently announced a partnership with Phoenix-based freight brokerage FreightVana to supply the company with its trailer-as-a-service (TaaS) platform.
A proof-of-concept step van with four-wheel steering by wire and 57% better aerodynamics could revolutionize the segment
CO2 shortages strike breweries; Senate bill proposes $40k tax credit for electric semis; a look at a limp dry van spot market and more
FreightWaves recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year.
A common theme during the downward swing in the cyclical freight market cycle is the movement of owner-operators in and out of large fleets.
Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.
The Port of Oakland in California is experiencing a work stoppage and limited access to the container terminals as truckers escalate their protests against the state’s AB5 law.
New rules proposed by the Securities and Exchange Commission regarding disclosure of climate-related risks and greenhouse gas emissions could greatly impact the trucking industry.
In this issue, AB5 port protests enter day 2; SoCal rail chaos; the wrong way to email drivers; heated seats as a service; and more.
The protests stem from the potential impact the AB5 law will have on the over 70,000 owner-operators who operate in California.
Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.
Has CPG ingredient inflation peaked? I can only speculate whether the recent pullback in commodity prices will continue, but with crude oil off its high, crop prices well off their […]
Loaded and Rolling: Holiday impact on trucking; CA AB5 law goes into effect; Inflation headwinds batter consumer spending in May
General Mills’ supply chain disruptions to persist At a Wall Street conference earlier this month, Jonathan Nudi, General Mills’ president of North American retail, said, “We’re seeing 10 times the […]
Kellogg splitsville As I am sure you’ve seen, the big CPG news Tuesday was that Kellogg will become three separate companies. Management will focus on the snacks/international business (I’ll call […]
Development of 48-volt battery systems for commercial trucks will serve at least three purposes but the most urgent is in helping reduce emissions.
Ranked 39th on the Transport Topics list of top brokerage firms, Axle Logistics takes a consultative and streamlined approach to your shipping needs. Email sales@axlelogistics.com to connect with the team […]
