News

The company’s 2020 sales gains were higher than in the past 11 years combined.

The commanding officer of the U.S. Coast Guard icebreaker Polar Star talks about the commercial challenges and opportunities in the Arctic.

Ox uses augmented reality to speed the order picking process and improve accuracy. It has landed a $3.5 million seed round of funding to grow its business.

Gordon Downes, CEO of New York Shipping Exchange, joins Ocean Audit’s head Steve Ferreira to chat about structural changes in container shipping and the place two-way committed contracts have in the industry.

BIMCO’s Peter Sand discusses whether container shipping’s ‘new normal’ has legs and what’s next for the sector.

The bankruptcy filing by Hertz threatened to dump a glut of trucks and cars onto the used vehicle market if the company did not find a way to survive.

Other athletes may look at sports-related or media-related investments. But Kelvin Beachum, an offensive tackle, is deep into tech startups.

Less-than-truckload carrier Old Dominion reported Tuesday that February results were impacted as inclement weather took hold on parts of its network during the month. However, the carrier noted that the deceleration from January’s robust growth rate lasted for only one week.

Truckers run a high risk of rollovers Tuesday as powerful winds spread across the Northeast (with forecast video).

In today’s edition, we highlight Navistar’s trucks recall; strong comments from a former U.S. senator; and hope for a productive 2021 in Mexico.

Some people think the B2B exception is almost hopeless, but others see it as difficult but still the only way the independent contractor mode can survive in the Golden State.

Amazon may get the headlines for promising fast deliveries, but if it can’t get the product from overseas, the efficiency of trucks and delivery vans won’t make a difference.

Workhorse Group built just seven electric delivery vans for the second consecutive quarter. Production systems and supply chain problems hamper the company.

KeepTruckin is petitioning the National Transportation Safety Board to rescind its recommendation that the Federal Motor Carrier Safety Administration remove the company’s logging devices from its list of self-certified vendors following a fiery crash that killed seven motorcyclists.

Concurrent to insolvency discussions, Greensill is considering the sale of its operating business to Apollo Global Management Inc. for $100 million, according to a report.

The OPEC+ group will meet this week, setting a course for supply that will determine the future course of oil prices.

The ocean carrier has not said when customers can expect to receive damaged or intact cargo.

Logistics provider ArcBest Corp. reported that the positive trends in its asset-based segment during January were derailed by poor weather in February. Overall, less-than-truckload fundamentals “remain generally positive,” according to one analyst.

XPO and port drayage are in the Teamsters Union target sights in backing the PRO Act.

Suvrat Joshi joins logistics software-as-a-service platform FarEye as chief product officer.

Surging container imports have heightened freight-forwarding demand. Talent scouts like Logitalent help forwarders staff up.

As cryptocurrencies gain in popularity, more e-commerce brands and payment platforms are incorporating the coins into their payment systems.

Former President Richard Kuehn plans to stay on as an adviser for a period of time.

On this episode of WHAT THE TRUCK?!? for FreightWaves’ Global Supply Chain Week, Dooner and The Dude talk to ocean shipping experts about the steps to manage risky situations.

Workhorse Group is not taking the loss of a contract to make battery-electric mail trucks for the U.S. Postal Service lying down.

Philip Damas, managing director at Drewry Shipping Consultants, and Andy Gillespie, director of global logistics at Ansell Healthcare Products, chat about the current port congestion and how the situation can be corrected.

Plant-based meat alternatives are to the food industry what electric vehicles are to the transportation industry — a niche with a lot of startups today but maybe not so niche […]

1996: At 1,044 feet (318.2 meters) long, the new Maersk ships are longer than the Eiffel tower, but they are still capable of a high speed of 25 knots.

“Mid-Pacific gives us a West Coast presence and significant expertise in the open deck segment of the industry,” said Matt Ziegler, CEO of ZMac Transportation.

Descartes acquired QuestaWeb for approximately $36 million.

Shipping experts chat about the COVID-19 supply chain and how consumer e-commerce demand has impacted seasonality and congestion in freight.

Supply chain digitization strategies impact shippers, carriers, 3PLs and consumers. Christian Piller, vice president of value engineering at project44, and Dolly Wagner-Wilkins, chief technology officer at Worldwide Express, discuss the benefits and challenges that digitization strategies bring.

Korby Keeney discusses how shippers navigate extreme weather events.

The Los Angeles Cleantech Incubator and the city of Santa Monica have launched what they said is the first Zero Emissions Delivery Zone in the nation for electric and other non-petroleum-powered vehicles.

“Importers are exhausted” and foundation change is necessary, says Flexport’s Sanne Manders.

Lower fuel expenses helped privately held BNSF’s net income grow by 5% in the fourth quarter of 2020.

Globalization isn’t just driven by comparative advantage. It is skewed by subsidies and mispricing of risk, according to author Marc Levinson.

Airfreight markets are topsy-turvy in the COVID era, but importers and exporters can count on one thing: paying two to three times normal rates. CFOs will have to increase their transport budgets if they want goods to move quickly.

Duncan Wright, president at UWL, shares advice for shippers navigating difficult challenges, from port congestion to carrier contracts.

In a wide-ranging keynote during the FreightWaves Global Supply Chain Week, former U.S. Senator Bob Corker expressed concern for America’s global status.

Eastern U.S. railroad CSX (NASDAQ: CSX) has started the regulatory process to acquire New England short line operator Pan Am Railways in a move that CSX hopes will strengthen its […]

Heavy rainfall and potential road closures will slow down truckers this week in the Gulf Coast states (with forecast video).

AgTC’s Peter Friedmann said Hapag-Lloyd’s Rolf Habben Jansen failed to mention in a press conference that the container shipping lines are enjoying record profits “while pushing their customers into real financial trouble, some towards bankruptcy.”

After a disruptive year, Mexico’s automotive industry hopes to revive a manufacturing sector depressed by the pandemic, along with shortages of vital components and energy for factories.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Jamco Group expands in Laredo; BTL picks Mexico for new auto parts plant; G-Global expands in El Paso; and agents seize $40 million in drugs in Texas and California.

DHL Aviation is turning over every stone to find economical capacity to haul packages for DHL’s express unit. The latest moves involve a travel airline flying parcels instead of passengers and a new Airbus converted freighter that few others have.

The owners of defunct Westfield Transport Inc. of West Springfield, Massachusetts, were indicted on federal charges of falsifying driving logs on Friday. Prosecutors assert the Gasanov brothers hired Volodymyr Zhukovskyy two days before his involvement in a fatal crash that killed seven motorcyclists in New Hampshire in June 2019,

Though already present at a lane level in the Lane Signal application inside of the SONAR platform, FreightWaves has aggregated a national predictive rate value for van (FWS.USA) and reefer […]

Tripp and Detour continue their over-the-road adventures with a load of hot dogs, traveling through New York City boroughs to the Little League World series in Williamsport, Pennsylvania.

The underlying fundamentals of the market are showing signs of moving slowly back toward a more stable scenario and spot rates may be unable to paint the full picture.

In today’s edition, we highlight the upcoming public listing for a self-driving truck startup; the market’s impact after the winter storms; and a startup’s earnings reports.

The expected rebound for truckload markets did not disappoint.

Navistar is recalling more than 32,000 International LT and Lonestar models from several recent model years because engines can shut down unexpectedly.

United Airlines on Friday became the second airline to pay millions of dollars in penalties for a scheme to defraud the U.S. Postal Service for international mail delivery.

Five innovative FreightTech companies showcased their cutting-edge solutions during the FreightWaves Global Supply Chain Week.

Employees can be “your greatest liabilities if they’re not trained properly,” says Infinit-I Workforce Solutions CEO Jay Wommack. So he is offering a free training video for truckers.

Just weeks after a U.K. court ruled that Uber drivers are essentially employees, a new push is on in Canada to unionize gig workers.

Rickenbacker Airport near Columbus, Ohio, is named after World War I ace Eddie Rickenbacker. The airport is a regional hero, supporting more than 15,000 jobs, with a $2.5 billion annual economic impact.

The societal shutdowns of 2020 had ripple effects in every industry. Rob Benedict breaks down how the energy industry was impacted and has recovered since the start of COVID-19.

“Ordering a truck in Poland is completely different than shipping something in Greece or Portugal.”

On this episode of WHAT THE TRUCK?!? for FreightWaves Global Supply Chain Week, Dooner and The Dude talk about the future of renewable fuels and the complicated relationships between chemicals and freight.

Jared Flinn, operating partner of Bulkloads.com., discusses the future of the bulk commodities market post-COVID-19 pandemic and what to look for in 2021.

Life cycle management and recycling expert Lauren Roman dives into what it takes to responsibly recycle electric vehicle batteries.

There are many variables converging that will keep upward pressure on spot rates and tender rejections for the coming weeks. Carriers will be able to squeeze extra cents per mile over the next couple of weeks. Assets will come back online sooner rather than later, but volumes are beginning to pick up both seasonally and due to a whipsaw effect from the storm.

TMSforce executives Tim Sensenig and Rick Gonzalez explain the differences between a 3PL and a 4PL.

In the oil patch, a significant share of logistics activity is highly repetitive. Blockchain can automate the payment processes.

Companies like DoorDash and Uber Eats exploded during the pandemic as Americans ordered out for meals, but they face a more difficult path forward as COVID vaccines could reopen in-person dining.

Competitive rates will convince a carrier to pick up a load, but the right combination of relationship and convenience will keep them coming back to the same broker over and over.

Truck Talk, is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.

Allyn International experts discuss how a 4PL control tower acts as the nervous system in a global supply chain.

Tesla has shut down production of its California assembly plant for two weeks due to a variety of supply chain problems. Should there be concerns over the true demand for Tesla vehicles?

Worldwide Oilfield Machine’s co-founder unveils her strategy for a healthy company, no matter if the times are good or bad.

FreightWaves is bringing back its in-person events this year with the F3: Future of Freight Festival in November, celebrating all things freight in a communitywide celebration throughout the city of Chattanooga.

Hope White, founder and CEO at H.D. White Logistics, dives into personal challenges with getting promoted as a Black female and what it takes to start your own company.

Penn State professor Justin Goldston explains how technology such as blockchain can be used to create an ethical international supply chain.

Coming out of the University of Cambridge, the team has extensive research published in academic journals to back up their claims.

The oil and gas upstream industry went through a wild ride in 2020 that continues in 2021. A leading analyst of its fortunes joins GSCW to talk about it.

Experts weigh in on how the pandemic has affected trucking companies that work the Texas oil patch.

There is no definitive end for this freight bull market in sight. Consumers continue to spend on goods, driving freight and diminishing already depleted inventories. Even if consumer spending diverged from its current trajectory (which I see as unlikely, especially given the additional stimulus, accelerating vaccine rollout and strong consumer balance sheet), the mass inventory restocking ahead will be sufficient to keep freight flowing from a consumer perspective.

United Airlines took down its Boeing 777-200s with the type of engine that disintegrated on takeoff from Denver last weekend. Now the impact is becoming more clear for cargo customers.

An Illinois firm, Lions Logistics 1, which specialized in perishable foods and other time-sensitive loads, filed for Chapter 7 bankruptcy, reporting a 96% drop in revenue in 2020.

Another snowstorm will slow down freight flows in the Northwest heading into the weekend (with forecast video).

In today’s edition, we highlight congestion hot spots in the trucking industry, a first-of-its-kind store, and the keynote speaker at FreightWaves Global Supply Chain Week.

The dog days of summer may have a different meaning this year. Large numbers of explosives-sniffing dogs will be crawling over airport warehouses by July 1 to help meet a requirement for screening shipments riding on dedicated cargo planes.

The owner of two defunct California trucking companies, Royal Flush 89 Transport and Cuevas Transport, filed for Chapter 7 bankruptcy on Wednesday.

Nikola reports a lower-than-expected loss in Q4 as it drops its Powersports division to focus on Class 8 electric trucks and hydrogen fueling stations. Federal probes ongoing.

The truckstop operator, in the midst of a makeover, saw its diesel sales far exceed any recent quarter.

Delaying second doses would change the distribution pattern for vaccines and reshape the supply chain. Also, vaccine manufacturers say supply is about to dramatically increase.

In its first earnings statement as a public company, DoorDash posted record revenue and order volumes, but cautioned on 2021.

Revolution Acceleration Acquisition, a special purpose acquisition company, combines with Berkshire Grey to tap into the red-hot industrial robotics market.

On this special episode of Put That Coffee Down for FreightWaves Global Supply Chain Week, Kevin Hill talks to the economic director of Laredo, Texas, about selling your city to potential companies.

Mark Vickers of Reliance Partners warns transportation providers of Mexico’s eye-opening insurance regulations, which he compares to the “Wild West.”

Nikola’s Arizona electric truck plant is going up in phases to allow for fast movement and capital control, said Mark Duchesne, global head of manufacturing at Nikola.

Earlier debt concerns raised by ratings agencies should be eased by the 3PL paying back all the revolving funds pulled down at the start of the pandemic.

Gentherm’s Jaymi Wilson discusses how the traditional supply chain will be disrupted by a new way of thinking with electric and autonomous vehicles.

Can bitcoin be used as a recruiting tool for freight companies? Plus, meme stocks, Robinhood drama, Doge and more

John Godfrey, executive supply chain consultant at Pirelli, discusses challenges the company has faced with different shipping modes and difficulties finding the capacity to meet increased demand.

With recent financing from major fleets, TuSimple eschewed the blank check company frenzy to chart its own course to public trading.

The founder of autonomous driving company Locomation talks about the future of that technology and the challenges it needs to overcome to make significant progress in reaching its promise.

Volatile rates per hour and supply demands impacted gig economy drivers in 2020, but a brighter outlook is ahead.