News

Inventory restocking and demand for domestic intermodal service will support Hub Group into next year, executives said.

Notable cost headwinds around driver sourcing and equipment downtime weighed heavily on Werner Enterprises’ third-quarter results. But the carrier still raised long-term margin expectations.

Truckers will hit potential weekend flooding along Interstate 95 in the mid-Atlantic.

The ports of Los Angeles and Long Beach are turning to heavy-handed tactics to address a container logjam that is gumming up supply chains.

From resource groups to driving electric trucks, learn four ways your company can build a more inclusive environment for women.

Shippers, carriers and logistics companies aren’t getting many answers yet about hefty surcharges for lingering containers at the ports of Los Angeles and Long Beach.

Both companies see their financial results weighed down by higher labor costs and operational disruptions due to staffing shortages.

TFI International fails to replicate early herculean improvement at ex-UPS Freight as operating ratio weakens slightly in record third-quarter financial results.

Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.

CEO Jassy says Amazon faces billions of dollars in additional costs during the fourth quarter.

Forward Air took an aggressive step Thursday, issuing sizable earnings growth guidance through 2023. Upgrading the freight mix has management confident in the extended outlook.

Reliance Partners’ Brian Runnels and Robert Kaferle spotlight blind spots to expose their hidden dangers.

California and federal officials are partnering to speed up future freight infrastructure investments, as well as reduce delays impacting cargo flows today.

The CEO of Canada trucking giant Mullen Group says the cost of freight in the country is set to press upward amid high demand, tight capacity and the end of wage subsidies.

The CEO of North America’s largest privately held LTL carrier makes a passive investment in the digital freight-matching firm.

Management from Schneider National told analysts on its third-quarter earnings call that current truckload fundamentals should carry through the end of 2021 and well into next year.

The LTL carrier plans on opening 10 to 15 terminals in 2022.

Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.

Among Thursday’s notes: Tight market from KC to Indy, Milwaukee getting loose, carrier update and more.

“These international commitments are valuable, but of course they are no replacement for actual action on the ground,” said Timothy O’Connor, senior director and senior attorney of energy transition strategy at the Environmental Defense Fund.

Sourcing capacity will likely prove difficult through at least the first quarter of 2022 as supply and demand struggle to strike a balance during the peak season.

Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still weigh on the market, Trinity Industries and GATX said during their third-quarter 2021 earnings calls.

“He would do anything for anybody,” said the widow of a truck driver who was killed while trying to help accident victims.

New car inventories are down significantly from 2019 due to manufacturing slowdowns and parts shortages. Meanwhile, demand continues to surge, with multiple used car pricing indices showing prices up about 27% year-over-year.

With pharmaceutical spending reaching new heights, a single shipment can be worth millions of dollars, leading to monumental financial losses — as well as serious threats to human lives — in the event of a transportation or distribution error.

Companies stymied by the chip shortage have figured out a way to keep operating while cutting their losses.

Moghadam said the company will need to increase its facility footprint at the same pace.

“The end goal for our customers is to reduce waste and deliver potent medicine and safe food. We help them do it with data.”

Shopify reported 46% revenue growth but failed to impress investors as it missed Q3 expectations.

A little more than a year ago, Ryder was dealing with too many used vehicles to sell. It is well past that now.

Beans.ai emerges from stealth with $17M in funding and plans to map the final foot of delivery.

The daily surcharge fines begin Monday, but there has been no immediate surge of container activity.

Truckers need to watch out for severe storms and tornadoes Thursday in the Southeast (video forecast included).

Current Chief Operating Officer Lorie Tekorius will be railcar manufacturer Greenbrier’s next CEO in March 2022. Tekorius and others discussed 2022 market headwinds during Greenbrier’s quarterly earnings call on Tuesday.

In the disruptive world of autonomous trucking, TuSimple says it has to haul freight to prove the technology works.

Biden-backed plan to tackle container congestion could make logjam even worse, critics believe.

North Carolina-based carrier’s third pay raise in a year comes amid unprecedented freight volumes and demand for drivers.

Trucking firm Marten Transport discloses it was the victim of a cyberattack that may have exposed employee data after a ransomware gang briefly posted a claim of responsibility.

The Port of Long Beach is trying to innovate its way out of container gridlock. The latest move is regular shuttle trains to Utah to reduce less efficient truck moves.

After settling a class-action lawsuit over defective MaxxForce engines, Navistar agrees to pay the government for Clean Air Act violations.

Convoy’s interview series features insights from companies like Ikea, MGM Resorts, Flex and Cigna.

A Florida lawmaker says China is undercutting the container gantry crane market and increasing cyber-risks for U.S. ports.

Like its Class I peers, Norfolk Southern encountered supply chain disruptions brought on by a lack of workers in dray and warehousing.

Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.

Among Wednesday’s notes: Inbound demand surges in San Antonio, advice for Columbus shippers and more.

The Connecticut-based drop shipping company just completed a huge funding round led by K1 Investment Management.

La empresa de transporte reconoce el incidente en una
presentación ante la SEC días después de que una banda de
ransomware se atribuyera la responsabilidad

The California startup will use its new funding to continue extending benefits to gig workers across multiple apps and platforms.

During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions.

Used vehicle sales at the company were strong again.

The freight and supply chain sector is often categorized as “hard to abate” when it comes to greenhouse gas emissions. AskWaves digs into why that is.

There’s a high risk of rollovers for truckers as a nor’easter continues to impact the Northeast (video forecast included).

The Los Angeles/Long Beach cargo community is confused about punitive fees on ocean carriers designed to expedite the clearance of containers from marine terminals.

With no previous experience in the trucking and logistics industries, Mohammad Banibaker struck out on his own during the COVID-19 pandemic and founded Azmi Freight.

Resilient Power lands $5M in seed funding as it looks to commercialize its fast-charging technology.

Matt McLelland welcomes Kristie Montgomery from Kenco on this episode of Rising Tides.

These are the five spots where truckers are most likely to experience a rollover, according to a telematics company.

Company shoots out the lights in the third quarter with soaring profits and EPS.

Andrew Cox looks at the companies having to dump inventories to keep up bottom lines on this episode of Great Quarter, Guys.

Is it trick or treat for supply chains; the vaccine mandate and drivers; this week in rates; inside the Tesla Semi in this week’s WTT newsletter

Biesterfeld expects the capacity-constrained environment to continue.

On this episode of Put That Coffee Down, Kevin Hill explores why the biggest successes come in the face of adversity.

The Jacksonville Port Authority handled more than 1.4 million TEUs in its 2021 fiscal year, an all-time annual record, and it says it’s ready to take on more for those wanting “congestion-free” service.

“How do we staff appropriately as we experience this hypergrowth? Detroit just made a ton of sense for that,” said BlueGrace’s vice president of logistics operations.

Media coverage increasingly links consumer price inflation to container shipping and supply chain chaos.

Load volumes are stable with volume growth inbound. Spot rates follow rejection rates on a downward slide.

To make room for more containers at the ports of Los Angeles and Long Beach, UP and BNSF are offering incentives to ocean carrier customers to move out the containers already there. UP is also temporarily pausing westbound marine container movement to its Long Beach facility.

FreightWavesTV and FreightWaves LIVE events debut a new platform tomorrow. Read the details here.

The Clure Public Marine Terminal now can handle “international shipping containers transported by vessel.”

Following UP’s recent actions, Norfolk Southern takes the unions to court over its ability to mandate the COVID-19 vaccine.

Among Tuesday’s notes: Headhaul Index up in Cincinnati, national rejections hit annual low and more.

An ATA survey reveals a driver vaccination rate of 50%, with more than half of the unvaccinated saying they will not get a shot under any circumstance.

Flock Freight’s fierce dedication to greening up the supply chain helps it stand out from its peers and attract a wealth of talent from several different backgrounds.

Uber is partnering with EV charging company Wallbox to offer discounted charging units for drivers in the San Francisco area under a pilot program.

The backyard drone delivery company just completed its third expansion in the state and is nearing airplane certification from the FAA.

Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.

Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.

Truckers face a risk of severe thunderstorms the next three days from the heartland to the Gulf and East coasts (video forecast included).

UPS boosts its 2021 operating margin guidance to 13%.

Saks will leverage GXO’s logistics expertise to fulfill e-commerce orders from a new Pennsylvania fulfillment center.

Transport Canada is investigating an ELD certification body after a vendor alleged that it approved a device that could allow drivers to falsify their logs.

The agency bans shipping of vaping products, joining FedEx, UPS and DHL. Regional delivery firm LSO plans to expand vape shipping in its territory.

Canadian trucking and logistics firm XTL Group expands into the U.S. with the acquisition of Georgia freight brokerage CBT.

The latest rise is the smallest of the past four weeks but still a hefty 4-plus cents per gallon.

Amtrak has petitioned the Surface Transportation Board to compel CSX and Norfolk Southern to allow access to their Gulf Coast networks as part of a broader plan to restore passenger service between Mobile, Alabama, and New Orleans.

News items detailing new facilities, new faces and an environmental nod.

A new initiative from Moves Financial is rewarding gig workers with stock in the very companies for which they work.

Project44’s Jett McCandless, K9 Heroes, NTG talks e-commerce, Zim Kingston fire, drayage and more on WHAT THE TRUCK?!?

In his speech, Chris Spear touted the ATA’s role in the infrastructure act now before Congress.

Many media outlets are reporting that a Long Beach city order will allow bigger container stacks at the port. Not true. It’s for container yards outside the harbor district.

Among Monday’s notes: Richmond outbound volumes, headhaul in Harrisburg, reefer rate projections and more.

Google Cloud steps up its DTC e-commerce presence with a new partnership that emphasizes data innovation for brands.

Upward of 2,000 empty containers are being sent to LA, potentially creating more burden on the congested port.

By placing all assets on the same platform, fleet managers no longer have to manually track asset location, driver hours of service status, or engine condition.

VNR Electric purchases are small but growing consistently as Volvo Trucks North America seeks zero tailpipe emissions by 2050.

Truckers face ongoing risk of flooding and road closures this week in the Northwest (video forecast included).

Descartes Systems Group’s MacroPoint Capacity network adding FreightWaves SONAR’s Lane Score data.

The end of the supply chain as we know it? Not even close, an economist believes.

The research group revealed its list at the annual meeting of the American Trucking Associations.

It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.