News

Korean Air’s cargo division is propping up the entire airline with passenger traffic still underwater.

Kendra Tucker joined Truckstop.com as the chief revenue officer in 2020 and became chief operating officer last September.

A Thursday report from logistics real estate investment trust Prologis shows market rents grew at the fastest pace recorded during 2021.

Although attorney involvement is alleged in the indictments, only one lawyer has been indicted in the scheme to crash cars into trucks and collect insurance payouts.

A carbon price is an “essential element in any decarbonization plan,” John Butler, president and CEO of WSC, said during a press conference Thursday.

High winds helped spread a Southern California brush fire, leading to evacuations and school closings.

In the absence of shipper’s interest cargo insurance to protect the cargo owner against financial loss, carrier’s liability is all that remains, and cargo owners are often disappointed by the all-too-common misconception that the carrier will fully cover their loss.

A BNSF employee was fatally injured at the Globeville rail yard on Wednesday.

Azul welcomes its first quasi-freighter, an Embraer regional jet with a stripped-down cabin.

Teamsters Canada Rail Conference is polling members on whether it should call a strike at Canadian Pacific.

Data capture firm Scandit has raised $150 million in a series D investment round as it looks to expand the customer base for its retail technologies.

TuSimple says its autonomous trucking software is “feature complete” and it will expand driverless trucking beyond a pilot program.

The protest at the Ambassador Bridge is continuing to block traffic, and anger grows over impacts to cross-border trucking and the supply chain.

With Transplace now in the fold, Uber Freight’s revenue topped $1 billion for the last three months of 2021.

Among Thursday’s notes: Capacity likely to tighten in Dallas, Boston’s outbound rejection rate on the rise, and more.

Covenant Logistics Group adopts a $30 million stock buyback plan and acquires AAT Carriers.

Last-mile logistics cloud provider Bringg is adding Zenkraft, the No. 1 company handling parcel deliveries and returns for Salesforce, to its arsenal.

Descartes has acquired NetCHB, a customs filing technology provider that specializes in e-commerce border trade.

Forward Air head Tom Schmitt was bullish about the company’s prospects on a call with analysts Thursday. Forward is already on track to achieve recently issued 2023 targets ahead of schedule.

Amazon Air is expanding further in the Great Plains.

BigCommerce is enhancing its B2B e-commerce solutions through the acquisition of price-quoting technology provider B2B Ninja.

Truckers in parts of the Midwest will run into heavy snow Thursday (video forecast included).

A Coast Guard commanding officer says the main goal of icebreaking is to “keep industry afloat and keep people employed.”

The Biden administration wants the Canadian government to step in to end the increasingly costly blockade of the Ambassador Bridge.

Outrider is adding autonomously precise backing of trailers to the dock to its range of driverless services in distribution yards.

The Variant initiative is not yet showing signs of turning the company around.

The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.

Natilus is developing robot cargo jets in four sizes and has orders from five customers.

In its earnings report for Q4 2021 and FY2021, Uber revealed that its delivery segment once again brought in more revenue than its core mobility business.

“What Leaf is doing — building a highly connected and forward-looking view of the industry from the ground up — just can’t be done by incumbents operating within the existing constructs of the industry,” says partner at Sozo Ventures.

COVID container boom continues: Maersk may earn even more this year than in record-trouncing 2021.

The Port of Savannah has seen monthly port records for the past 18 months.

Nearly 420 trucking and logistics companies are collectively owed millions of dollars after a California oil distributor ceased operations and filed Chapter 7.

Trimble expects organic revenue growth in 2022, despite the ongoing impact of constrained supply chains across the global economy.

Near-space vehicle producer Destinus just secured $29 million to build out its autonomous, hydrogen-powered hypersonic cargo plane.

What goes down at the other Port of Vancouver; TinyMobileRobots keeping trucks in the fast lane; fast food logistics

The intersection of Interstate 95 and New Jersey Route 4 is the worst bottleneck for the third year in a row.

Engine braking technology invented by Clessie Cummins is part of the $325 million Cummins acquisition of Jacobs Vehicle Systems.

Truckload capacity management platform Parade plans to grow its team, expand its capabilities and add third-party partners to increase its value to customers.

Record earnings per share of $2.48 beat analysts’ estimates.

A.P. Moller – Maersk announced the $1.8 billion acquisition of U.S. forwarder Pilot Freight Services. The deal is the company’s latest move in building out a land-based logistics network.

Parsyl closes on $25 million series B while currently monitoring vaccine shipments for 200 million people across 80 countries.

Among Wednesday’s notes: SoCal capacity continues to ease, Memphis hits six-month low in outbound rejection rate, and more.

January marks the 11th consecutive month of year-over-year container records, according to SC Ports.

Imaginnovate will spin off Fleet Enable, its last-mile technology business, as it looks to grow market share in the final mile.

Donald Trump claimed his trade war got the Chinese to bend to U.S. will. But the “historic” trade deal he negotiated didn’t turn out so well.

An unusual winter heat wave will hit truckers in Southern California the rest of the week (video forecast included).

The current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.

Ongoing supply chain constraints and the need to get a handle on e-commerce fulfillment is driving interest in logistics companies among retailers.

Self-driving technology startup Waabi has introduced its Waabi World simulator, a technology that company founder Raquel Urtasun said is able to “teach” autonomous vehicles how to drive in a safer manner.

The CEO of Canada’s largest trucking company, TFI International, says the cross-border COVID-19 vaccine mandate affected a small number of its Canadian drivers.

High scrapping rates and aging fleets provide support for railcar manufacturing as the company anticipates 2022 financial results that won’t be “obscured by restructuring activities.”

The ride-hailing giant has struggled to turn a profit over the years, but that finally changed in 2021.

The number of ships waiting off Los Angeles/Long Beach fell 23% over the past week.

“Across the board, our businesses showed momentum and ended the year on a strong note,” said Charles Freund, CFO at Fleetcor.

A Postal Service reform package passed by the House on Tuesday would eliminate massive financial burdens at the agency while maintaining a unified package and mail network.

Cummins takes sole ownership of the natural gas joint venture as it moves to a new onboard storage partnership with Rush Enterprises’ Momentum Fuels.

Less-than-truckload carrier Yellow Corp. adds two driver academies as part of a plan to train 1,000 drivers in 2022.

XPO Logistics has issued 2022 guidance and vows to fully right the LTL segment’s operating ratio by midyear.

Union Pacific CFO Jennifer Hamann talks supply chain labor shortages and the proposed Canadian Pacific-Kansas City Southern merger at investment firm Stifel’s transportation and logistics conference.

TForce Freight pickup and delivery drivers will be driving less and taking on more freight as TFI International pushes efficiency in its U.S. LTL operation, says TFI’s CEO.

For the first time since the program began, the Truckload Carriers Association is allowing the public to vote for the winner of this year’s Highway Angel of the Year award.

The Ambassador Bridge over the Detroit River is a vital trade link between Canada and the U.S.

“This deal is a great opportunity to accelerate our joint sustainability efforts. SAF has a lot of potential to reduce CO2 emissions,” said Adriaan den Heijer, executive vice president at AFKLM Cargo and managing director at Martinair.

DHL is renewing every aircraft lease it can because air cargo demand is robust.

With experience from J.B. Hunt, Penske Logistics and Transplace, Mark McEntire looks forward to his new role at procurement and logistics platform Emerge.

The U.S. Postal Service reported a widening net loss in the fiscal 2022 first quarter due to higher compensation and benefits costs. Transport costs rose 9% due to higher fuel expenses.

New York Gov. Kathy Hochul has put the first round of funding in the state budget and sees no roadblocks to the “new urbanism” plan.

Among Tuesday’s notes: Capacity tightening in Charlotte, rejection rates spike in Joliet, shipper and carrier updates, and more.

Embark Trucks’ connection with Knight-Swift will lead to the installation of high-autonomy software by the end of 2022.

Value Maritime has developed a system to capture carbon onboard vessels, fill up CO2 batteries and use the captured carbon dioxide in greenhouses.

Leverage is an AI-powered cloud platform giving logistics providers real-time purchase order visibility.

Truckers will face wind gusts of 60-plus mph the next two days across the Plains (video forecast included).

Via.Delivery has found that 18% of U.S. consumers use buy-online, pick-up-anywhere services when offered at checkout.

DHL, seemingly in perpetual expansion mode, is targeting two more U.S. airports for its giant cargo network.

Traxens CEO David Marchand says that “known port congestion is only the tip of the iceberg.”

OOIDA is urging U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau to exempt cross-border truckers from vaccine rules implemented in mid-January.

This may not matter, but on an inflation-adjusted basis, the current price is still well below the “highest price since” of May 2014.

The FMC is considering minimum billing standards for late fees charged by ocean carriers for picking up and returning containers.

The cost of ship fuel looks like it’s about to topple records set in 2012 and 2008.

Following disappointing earnings on Thursday afternoon, Clorox (NYSE: CLX) shares fell 14.3% on Friday, making it the day’s worst-performing stock on the S&P 500. One of the lowlights was the […]

Rishi joined the supply chain SaaS company in 2017.

A winner is declared in the 1st-ever Freight Meme World Championship; legal liabilities for convoy truckers; a new beard cream; Flexport’s $935m haul.

Becoming an independent agent can provide workers with the autonomy and independence they crave, but knowing where to begin can be difficult

The Canadian government will be working with stakeholders and labor to implement its version of PTC, called enhanced train control.

FarEye, a SaaS provider for last-mile delivery operations, is bolstering its presence in North America.

The owner of a Wisconsin fuel company admitted he defrauded investors out of nearly $6.3 million over a two-year period.

Among Monday’s notes: TRAC rates climb from Dallas to Nashville, Harrisburg pricing power shifts to carriers, and more.

The Industrial Internet of Things is quickening the pace of innovation within the retail supply chain.

Featured resume and search access are among the many benefits now available on FreightWaves’ career homepage.

No. 7 on FreightWaves’ 2022 FreightTech 25 is landing $935 million in a series E round led by Andreessen Horowitz and MSD Partners.

With protests showing no signs of easing up, Ottawa Mayor Jim Watson declared a state of emergency Sunday for his city.

“Efficiency is the place to start. Look for opportunities to collaborate,” said Ryan Purcell, senior director of supply chain, global health and development at Coupa Software.

On-demand training and live sessions cover every aspect of today’s LTL sector to help share valuable supply chain industry expertise and insights.

Another round of snow could delay truckers this week in parts of the Northeast (video forecast included).

FedEx operates about 280 small, turboprop cargo aircraft. New ones starting to enter the fleet are bigger and more capable.

Warehouse demand begins to ripple through the so-called tertiary real estate markets.

DOE’s Office of Nuclear Energy and the Navy have been collaborating to construct and test what could be North America’s safest railcar — one that would carry nuclear fuel that had been used by power plants.

AskWaves dives into the potential benefits and drawbacks of using blue hydrogen on the path to green hydrogen.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Vaccine mandate has varied impacts on Mexico cross-border trucking; Texas toll road truck traffic rises 57% year-over-year; Chinese ATV maker to build $152M plant in Mexico; and drug seizures surge at Texas-Mexico border.