Why track revenue per loaded mile excluding fuel surcharges?
AskWaves takes a look at which rate-per-mile metrics to use out of the information public carriers disclose quarterly.
Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
AskWaves takes a look at which rate-per-mile metrics to use out of the information public carriers disclose quarterly.
This week: the UPS Foundation enters its 70th year of giving back, Everyday Heroes will auction off Kenworth T680 Next Gen for Truckers Against Trafficking and TA raises $102,000 for St. Christopher Trucker’s.
Congress approves provisions allowing under-21 truck drivers – as well as guidance on truck brokers and freight dispatchers – in a five-year highway bill that is part of a larger $1.2 trillion infrastructure package.
We’ll find out if the vaccine mandate applies to truckers; fight food insecurity; provide port crisis tips; and meet Fernish
Is the cold email your go-to marketing strategy? Find out if that is good or bad on this episode of Cyberly.
On this episode of #WithSONAR, Luke Falasca and Kyle Taylor look at whether we have hit a pre-peak season market peak.
As the holidays loom, a congressman wants to eliminate legal hurdles banning 18-to-20-year-old truck drivers from moving containers in and out of ports.
Private marine terminals in Tacoma are putting more pressure on importers to pick up containers that are left for weeks and choking the movement of cargo.
Among Friday’s notes: Prioritize Savannah to Atlanta lane, Headhaul Index explained, two key indices to check, and more.
Q3 2021 marked the first adjusted EBITDA-profitable quarter in Uber’s publicly traded history and the second in a row for Lyft.
Solo drivers working for large trucking companies will likely be exempt from the Biden administration’s vaccine requirement, the industry’s largest lobby group has confirmed.
Volume growth dissipates to kick off November while rejection rates remain well below year-ago levels. Tightness in Southern California will put upward pressure on rates.
A trucking trade group is urging California Gov. Gavin Newsom to enforce a state law to prevent terminal operators and ocean carriers from charging excessive per-diem and demurrage fees and using port truckers as “a convenient ATM to bolster their profits.”
“The customer demand will change so much faster than the industrial processes, and I think that to be early might be challenging, but to be too late will be devastating,” said Anna Borg, president and CEO of Vattenfall.
Warehouse and third-party logistics operator Warehouse Services Inc. has acquired Total Logistics Inc.
CEO Michelle Halkerston details Hassett’s transformation over the years into a robust and ever-evolving 3PL.
Truck Talk is a weekly newsletter offering perspective, context and insight into issues in the commercial truck ecosystem.
Also on the podcast: Time to tap strategic oil stocks?
Shipping container EV chargers can halve installation setup time and costs, Amply CEO Vic Shao said.
Kellogg Co. manages to reaffirm earnings guidance despite both industrywide and company-specific challenges. I find it impressive that the company was able to retain its guidance for both operating profit […]
Proper delivery routing is often overlooked as a potential sales tool, but done right, it can lead to increased customer engagement and more sales.
If independent owner-operators are included, Convoy analyst Terrazas says employment is probably at 2019 levels.
The Canadian railway is purchasing battery-electric freight locomotives from Wabtec and it is testing renewable fuel blends with Progress Rail.
Each class has either side of 15 students, and the yearlong program covers many facets of the business.
Port America, Ceres and SSA Atlantic have formed joint venture Gateway Terminals at the Port of Savannah as a way to consolidate terminal, truck gate and stevedoring services.
Jake Medwell of Austin, Texas-based 8VC, and Loren Smith of Skyline Policy Risk Group discuss geopolitics, infrastructure and regulation in their latest give-and-take session.
ATSG is hitting on all cylinders with its aircraft leasing and cargo airline units, as third quarter results demonstrate.
The road ahead looks brighter than ever for the ride-hailing giant after posting an adjusted-EBITDA profit of $8 million.
Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.
Square posted a 45% increase in revenue, but lower-than-expected bitcoin revenue dampened analysts’ enthusiasm for the Q3 results.
According to the company, Over-the-Road Rating is available for customers now as a web interface under its Visibility Operations center. Project44 plans to make an API-based platform available for the tool by the end of Q4.
Air cargo is typically unaffordable for most shippers. With ocean rates off the charts, air doesn’t look so bad. If you can find a booking, why wouldn’t you fly?
Reliance Partners’ Robert Kaferle shares a few ways for fleets to retain their experienced workforce.
The company expects record 2021 earnings and boosts its 2023 bottom line forecast by $700 million, to $9.24 billion.
Trinity is selling its highway products business for $375 million in cash.
Few people buy winter coats in May, but inefficiencies in e-commerce returns can mean a coat returned in January remains unsold months later.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
Among Thursday’s notes: Declining rejection rates in Atlanta, Headhaul Index up in Ontario, Carrier and Shipper Updates and more.
With demand outpacing supply all year, the entirety of 2021 has mirrored peak season conditions. Despite these challenges ahead of the holiday season, there are low-cost solutions and long-term investments shippers can apply to improve operations.
Wayfair stock is down in the early hours of trading on Thursday after a lackluster quarter.
The TCA calls the mandate “disastrous.”
Trimble Inc.’s third-quarter revenue and adjusted earnings per share topped analyst expectations in a challenging supply chain environment.
Fleetcor’s third-quarter adjusted earnings per share grew 26% year-over-year, while new sales bookings grew 52% in the same period.
STB has allowed agri-food shipper Sanimax to proceed in its complaint against Union Pacific over service issues.
UniGroup’s Scott Kluesner describes the efforts made to deliver the best special commodity services during the pandemic.
As the industry prepares for the new entry-level driver training rule to go into effect in February, fleets that train their own drivers and schools face new challenges in complying.
Jett McCandless shares his story: From humble beginnings to historic growth and all the hurdles along the way, this is one you won’t want to miss.
Rail technology company Intramotev is developing hardware and software to enable battery-powered railcars to make short-haul movements without a locomotive.
Yellow Corp. rode a hot freight market and an internal overhaul to positive net income for the first time in several quarters.
Boehler is terminated without cause; George Chappelle is named interim CEO.
California congestion hits charter rates as ship operators waste millions waiting to get to terminals.
The White House has begun monitoring container volume at the ports of Los Angeles and Long Beach to measure progress in clearing supply chain bottlenecks.
Revenue is not the point in TuSimple’s partnership with UPS, which holds the autonomous trucking startup to its third-party shipper standards.
Amazon Air’s top airfreight supplier is diversifying its vendor base for reconstructing passenger planes into cargo jets.
The company’s first reporting quarter post-spinoff could have gone better.
“The deluge of information can lead to processing delays, false detections and erroneous alarms. All this processing noise is what leads lidar systems to behave like distracted drivers,” said Spartan Radar’s founder and CEO on competing technology.
Harbor Trucking Association’s Matt Schrap talks about the struggle at the ports; The Wall That Heals gets a new landing; and more.
Among Wednesday’s notes: Chicago a solid destination for carriers, SLC to LA hits all-time high and more.
CEO Rodolphe Saadé says the CMA CGM Group is acquiring Fenix Marine Services to effectively manage its West Coast port operations.
October was another month of “why bother” as fleets desperate for new Class 8 trucks held off adding bookings to a morass of back orders.
The proposed schedule will provide room for rebuttals and responses, STB said.
Big volumes of container traffic are hitting GXO’s facilities, Wilson says.
Ulta Beauty is the latest brand to join DoorDash Drive, the food delivery company’s white-label last-mile fulfillment service.
Andrew Cox links up with old Great Quarter, Guys host Seth Holm for a reunion episode all about capital.
Account executive trainees at a freight brokerage are seeking class action status in a lawsuit alleging they weren’t paid for overtime.
Kaylee Nix chats with Dennis Oates about molding shipping strategies to fit your business needs on this episode of At Your Doorstep.
Forward Air announced the acquisition of two Minnesota-based intermodal transportation outfits on Wednesday.
The grant from Emissions Reduction Alberta will help CP convert two more locomotives to hydrogen power and add more hydrogen production and fueling facilities.
Einride has been running its autonomous freight Pods in Europe since 2019, but founder and CEO Robert Falck has high hopes for the company’s entry to the U.S. “It is such a great challenge and I’m really excited. This U.S. freight transportation community is the most competitive in the world,” he said.
Berkshire Grey continues a string of product releases with the robotic shuttle product sortation system for e-commerce retailers.
Truckers will face delays in the Pacific Northwest due to storms over the next several days (video forecast included).
Trucking companies dispute the widely reported message that a driver shortage is largely to blame for the port congestion issues in California. In fact, drayage companies are laying off drivers because of port delays.
Air Canada Cargo has been a strong pandemic performer, but the passenger side of the business is finally beginning to recover.
From merger to business combination in less than four months, self-driving startup Aurora Innovation expects to begin public trading on Thursday.
Sebastian Blanco looks at how different chips can play a big role in making auto production simpler.
Hear from Ryan Rogers of TextLocate on this episode of Rising Tides.
The DOE SuperTruck program shifts to stretch goals for battery-electric and fuel cell trucks along with megawatt charging and green hydrogen.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
In this issue, the scale of a steamship; Lego Titanic sells out; autonomous shipping; and supply chain scapegoats.
After becoming adjusted EBITDA-profitable for the first time ever in Q2 2021, Lyft keeps it rolling with another solid quarter.
Germany-based Rhenus Logistics is acquiring Global Net Logistics, an international freight forwarding company based in Dallas.
Virtually every U.S.-listed shipping stock fell on a day that the S&P 500 hit a record high.
When people think about security breaches, they often think about hackers in dark hoodies hiding behind computer screens. While some attacks do come from malicious outside parties, logistics companies should also be aware of threats coming from inside their own buildings.
Tender volumes rebound as tender rejection rates jump back over 20%. Meanwhile, spot rates break the three-week downward decline.
Company plans to double LTL trailer capacity and add 900 dock doors.
Engine maker Cummins reduces its outlook for the full year amid the supply-constrained inability to meet elevated demands.
The new location in Woodbridge, New Jersey, will offer services such as overseas cross docking, overseas container plugs, port drayage, LTL/FTL transportation and same-day orders.
A private investment firm’s acquisition of a MOW services company, AAR’s environmental nods and Lineage’s new cold storage warehouse round out the rail roundup.
Despite beating the Wall Street consensus, Expeditors’ stock declined.
Shipping giant Maersk has transformed itself into a one-stop shop for logistics services and now is growing its airfreight capability.
Among Tuesday’s notes: Chicago demand hits highest level of the year, spot rates in central California are highly inflationary and more.
ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.
The California-based robo-delivery company has reportedly reached a valuation of more than $8.5 billion.
BLET, SMART-TD and Norfolk Southern continue to fight in federal court over the vaccine mandate and NS’ practice of using train engineers as conductors.
Vertical farming promises to be one of the most impactful trends to food in the coming years. In fact, it was listed as the No. 1 trend in Whole Foods’ […]
A whopping 40,000 of those containers have been at the Port of LA for nine-plus days, which is considered lingering.
“The investments we’ve made to date are paying off. As global supply chains continue to be disrupted, this is creating opportunities for us to become even faster, more agile and more efficient,” said an American Eagle executive in a recent earnings call.
Cybercriminals have attempted to sell network access for multiple shipping and logistics firms, opening the door for devastating ransomware attacks in the global supply chain, a new report warns.
The company announced a 5.9% general rate increase for next year, but that has no bearing on the pain many shippers will feel.
Matson set additional emissions-reduction targets Monday. The Hawaii-based shipping company plans to reach its goals by improving efficiency and accelerating zero-carbon fuels and technologies.