News

Supply chain, climate and FreightWaves experts shared their hopes for Earth Day next year in terms of reduced emissions, alternative fuel adoption, government leadership and more.

P.A.M. Transportation Services posted a profit in the first quarter of 2021. The bulk of the improvement came on the nonoperating line.

Truck repairs and parts sales covered all the cost of running Rush Enterprises’ dealership network in Q1 as year-over-year profits doubled.

Broker Landstar System blew out analysts’ expectations for the first quarter. The company’s earnings almost doubled from the year-ago quarter, which wasn’t materially impacted by COVID. Landstar’s new guidance calls for more of the same.

Where can you find transportation options that fit your budget? On this episode of Freightonomics, Zach Strickland and Anthony Smith try to help you find what works.

On today’s episode of WithSONAR, Luke Falasca and Kyle Taylor discuss the huge jump in new Class 8 truck orders and whether they will make it to the market in time for the summer volume rush.

The bank’s book of business grew at a pace that far exceeded the additional business that came with its acquisition of Covenant’s factoring operation

Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.

Warehouse violence is an outlier that no one talks about. But it’s always a present danger.

Canadian Pacific’s revenue for the first quarter of 2021 dipped 4% to CA$1.96 billion.

Canadian Pacific and CN both filed letters to the Surface Transportation Board asking the panel to consider the merits of their competing requests to acquire Kansas City Southern.

How do we crack the code of the traveling salesman problem and apply it to freight?

Will the oil majors make the transition to become dominant producers of renewable energy and other climate change technology, or will new entrants supplant them?

GP Transco is the latest carrier to raise driver pay. Base pay alone for company drivers moves 15% higher.

Daimler Trucks and Portland General Electric opened their Electric Island charging site as part of a border-to-border charging corridor.

Cargo has been the airline industry’s all-star performer since the pandemic began. Profits are soaring, but it’s not enough to overcome huge losses from the travel side.

E-commerce fulfillment company ShipBob has partnered with data-driven carbon marketplace Pachama to offer brands a carbon-neutral shipping option.

U.S. Customs and Border Protection (CBP) officers recently seized methamphetamine and illegal chicken lollipop pet treats in separate enforcement actions in Texas.

AgEagle, a leading U.S.-based drone provider, has acquired Measure Global, a provider of software that helps drone operators manage their fleets.

Andrus was able to reduce its dwell time to 30 minutes, 1.38 hours less than the market average and 1.6 hours less than the average national wait time.

Heartland Express reported a slight miss on first-quarter earnings expectations Wednesday. The carrier pointed to relative strength in March as it exited the quarter, noting that driver pay will need to be raised again.

Uber Eats announced it will enter the German market as it looks to take on food delivery service Just Eat Takeaway.com across Europe.

The Defense Department lawsuit from 2018 is continuing even as the federal government has taken a stake in the LTL carrier.

CSX has capacity on its network, space on its trains and the workforce and locomotives it needs to handle an anticipated growth in service needs in 2021, according to company executives.

Knight-Swift Transportation posted a large headline earnings beat in the first quarter but it was less impressive by comparison when excluding nonoperating income. The company now sees over-the-road contract rates increasing in the mid-teen percentage range during 2021.

Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.

Evergreen should decide whether to leave the containers on board the vessel or come up with a way to transfer them.

In today’s edition, we highlight a potential railroad merger with implications for the trucking business, “not in my backyard” activists making their presence known and more.

It is difficult to measure the precise size of the impact on retail fuel prices, but there are signs it is in the double digits.

North Dakota will begin giving COVID-19 vaccines to cross-border truckers from Manitoba as Canada contends with a slower vaccination rollout.

U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.

In this issue, the rise of ghost kitchen logistics, spot rates slide again, truck parking opposed, no gnomes, Mortal Kombat and more.

CP, which is also seeking to acquire KCS, describes rival CN’s bid to acquire KCS as “massively complex and likely to fail” because it decreases competition.

After problems with the Johnson & Johnson and AstraZeneca vaccines, Europe plots a new course. Also, Johnson & Johnson leaders are optimistic about vaccine despite setbacks.

On this episode of Midday Market Update, Kaylee Nix and Michael Vincent look at how companies need to shift hiring expectations to fit the desires of current job seekers.

CSX’s first-quarter net income fell 8% to $706 million from $770 million a year ago.

“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.

On this episode of Transmission, Grace Sharkey and Sebastian Blanco look into the need for maritime awareness to improve overall efficiency.

On this episode of At Your Doorstep, Kaylee Nix looks at the tiny but mighty semiautonomous delivery vehicle that could be deploying on a street near you.

Clean Energy Fuels will provide the renewable natural gas. Amazon could end up owning part of the company.

People from the Plains to the Midwest are bracing for what could be record-breaking cold as a low-pressure system slides out of the Rockies.

FreightWaves examines ways carriers can limit their GHG emissions that won’t cost them an additional investment in electric vehicles.

A merged CN and Kansas City Southern would compete against long-haul trucking for north-south intermodal opportunities, CN said Tuesday.

“We have invested in the right infrastructure at the right time to handle growing cargo volumes and bigger ships,” says South Carolina Ports’ Jim Newsome.

FMCSA needs more time to integrate the electronic transfer of driver medical certificates to and from state motor carrier agencies.

The container ship now is expected to anchor in San Pedro Bay on May 1.

Delivery and fulfillment platform Bringg has introduced BringgGreen Sustainability Tech Practice, a suite of tools to help retailers reduce their carbon footprint through more sustainable last-mile delivery practices.

PayPal has enabled the ability for customers on Venmo to buy and sell cryptocurrencies within the app.

Samsara data shows cloud-based digitization is expanding beyond vehicle telematics and into other operational areas like site security and equipment monitoring.

Not to be outdone by rival Canadian Pacific, CN offers to acquire Kansas City Southern for $33.7 billion.

The Salesforce Sustainability Cloud on Tuesday added a scope 3 emissions hub that allows companies to track upstream emissions from business travel, purchased goods and employee commutes.

In today’s edition, we highlight a funding round for a data integration provider, a different approach to hedging on diesel prices and more.

How not-in-my-backyard activists delayed efforts to invest in trucking on a Tennessee interstate.

United performed worse in the first quarter than some analysts expected, but the consumer mood has shifted as the economy reopens and United says it can get to breakeven this year on a pretax basis.

What type of data is most important for brokers to have in their pockets? On this episode of Great Quarter, Guys, Andrew Cox and Anthony Smith debate.

U.S. maritime regulators are giving ocean carriers and shippers more flexibility to meet contract filing requirements.

Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.

Retail prices fell even as wholesale and commodity prices increased.

Shippers who have a deep understanding of their data, with access to comprehensive models, are the ones most likely to win in today’s shipping environment.

Eight missing crew members of a Seacor Marine lift boat are presumed dead.

Jacobs says 10% U.S. GDP growth is not out of the question in 2021.

Logistics warehouse provider Prologis sees the real estate market tightening further in 2021. Rents are expected to step higher by mid-single digits even as more capacity comes online.

Arguments in the appeal of the injunction keeping AB5 as California law were made in September; the industry still awaits the final word.

Two Democratic senators have introduced a bill that would offer gig workers a $250 unemployment benefit as part of an overhaul of unemployment insurance.

Electric vehicles are being manufactured around the globe, but automakers are making moves that will mean production is a bit more localized in the future. GM’s big battery plant announcement […]

Hong Kong has finally made it easier for certain airlines to operate by easing some COVID restrictions for pilots. Cargo operators will benefit the most.

How hard is it to find drivers in ’21? We’re looking at recruiting, media, markets, and TuSimple’s autonomous tech.

Nathan’s Famous, known for its New York hot dogs, is partnering with Ghost Kitchen Brands to open up to 150 nontraditional food locations offering takeout and third-party delivery by 2022.

Chain.io plans to use the $5 million to fill a number of positions in sales, engineering, customer success and more.

Canadian trucking giant Mullen Group wades into truck sales after acquiring a small Volvo and Mack dealership as part of the acquisition of British Columbia’s Bandstra Group.

Union Pacific plans to close a car repair facility in Palestine, Texas, which could result in the layoffs of as many as 57 employees.

Supply chain disruptions like the Suez Canal blockage are forcing brands to a new approach to the supply chain, including ordering more product earlier.

After spending over 30 years in transportation-related climate policy, Dan Becker, director of the Safe Climate Transport Campaign, has some interesting insights.

Logistics warehouse provider Prologis reports a beat-and-raise quarter. The company is forecasting occupancy to continue to tick higher even as new properties come online.

Hyzon Motors plans to deliver the first of 15 hydrogen-powered fuel cell trucks in the Netherlands in Q3, further establishing Europe leadership.

One significant difference from traditional hedging: There is no chance of hedging losses, just upfront fees instead.

This AskWaves column explains why investors and other transportation stakeholders look at operating ratio as a way to gauge a company’s financial health.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Rural areas are the next e-commerce frontier; Texas FedEx distribution center acquired; Authentic Logistics opens Phoenix office; and CBP seizes counterfeit N95 masks in Houston.

Free virtual summit involves industry experts discussing strategies to decarbonize the transportation sector.

One of the results of the 2017-18 freight market boom was an increase in the cost of operating that held over into a slower 2019 when capacity became abundant. Costs are on the rise once again as carriers struggle to find drivers to capture market share.

UAW calls walkout after 30-day extension fails to result in agreement. No new talks until at least April 26.

The Mother’s Day Truck Convoy was created over 30 years ago when a wish kid named Matt wanted to ride in a big rig truck and talk to his little sister, Heather, on the CB radio.

A total of 19 crew members were on board the Seacor Power when it overturned during rough weather 8 miles off of Port Fourchon, Louisiana.

Switzerland had the highest average truck driver salary at more than $70,000 a year.

At a recent hearing, the Senate Environment and Public Works Committee heard loud and clear that the trucking industry should not serve as the guinea pig for any seismic change in how the United States funds infrastructure, including a vehicle miles traveled tax.

On this episode of The Stockout Mike Baudentistel explores the possibility of companies hitting the market soon.

On this episode of Navigate B2B, Steve Ferreira sits down with one of the top importers in Miami to discuss the current state of the East Coast ports.

On this episode of Cyberly, Blythe Brumleve looks at how we’ve dealt with the emotional trauma of our entire world changing–by buying lots of plants.

Continued selloff of Nikola shares strips founder Trevor Milton of his billionaire status as early employees begin to dump stock options he gave them.

Consumer spending tapered off this week, but the savings rate is so high, Americans have a war chest unlike in any recent period. And, inventories remain depleted across many segments, so the freight industry won’t feel the direct brunt of any shift back to services anytime soon.

Kansas City Southern expects to maintain its financial targets for 2021 on a recovering economy and an anticipated volume rebound. It declined to comment on post-merger operational changes.

Cass data published Friday highlights new records as volumes reaccelerate and rates soar.

Autonomous trucks are hitting the road but how soon and are trucking jobs really in danger?

Silkways West Airlines is a large cargo operator out of Azerbaijan. It recently began flying to Columbus, Ohio.

Savannah’s record March underscores why it’s investing hundreds of millions on new capacity upgrades.

Amazon will begin testing in-home setup of furniture and appliances.

Two truckers charged with kidnapping women were able to secure their own releases with relative ease during the investigation. Find out why this raises troubling questions about this case in the latest episode of Long-Haul Crime Log.

Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking industry.

In today’s The Stockout, I discuss first-quarter earnings reports from Pepsi and L’Oreal. L’Oreal, in particular, has a lot of momentum of late with shares reaching all-time highs as investors […]

Also on this week’s podcast: Conflicting info about the US oil upstream that might actually be in sync.