GSCW chat recap: Vekshin on AN-124 engine updates, unprecedented volume demands
“In April, our entire combined fleet was in high demand … . All of a sudden we found ourselves completely sold out.”
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“In April, our entire combined fleet was in high demand … . All of a sudden we found ourselves completely sold out.”
After news surfaced Monday that Wayne, Michigan-based Rush Trucking had shuttered operations, a Lavalle employee confirmed to FreightWaves that the automotive parts hauler had been sold to rival carrier LaValle Transportation, headquartered in Potsdam, New York, in December.
Passenger airlines have treated cargo as an afterthought. The pandemic is making them realize the benefit of a diversified revenue stream.
Greater Philadelphia’s near-invisible vacancy rates paced the logistics real estate market’s 2020 gains.
Diesel prices have largely regained all of their declines recorded since the start of the pandemic.
U.S. Customs and Border Protection (CBP) seized a shipment of cereal from South America that was covered in cocaine instead of sugar.
The Maersk Eindhoven, which lost 260 containers overboard, is slated to berth for repairs in Japan on Thursday.
One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
With medium- and heavy-duty trucks already using its electrified chassis, Xos Trucks will have $575 million to scale its business following a SPAC merger.
Global K9 Protection Group is a big provider of bomb-sniffing dogs. Many of them are dedicated to air cargo security. Now the company is using dogs to detect COVID-19 on people at Miami Heat games.
Javid’s Joshua Rubin talks with FreightWaves’ Noi Mahoney about the advantages shelter companies can provide in helping companies set up manufacturing operations in Mexico.
U.S. Class I rail headcount totaled 113,461 employees in January.
Dooner and The Dude catch up with Thomas Healy from Hyliion during the first episode of WHAT THE TRUCK?!? for FreightWaves Global Supply Chain Week.
Loans so far in PPP round two that go to the trucking and warehouse sector are about the same percentage of all loans as in the first round.
With large players like Amazon adopting electric vehicles, pressure will start building on smaller fleets and owner-operators to adopt them as well, and that will require companies like GoFor Industries to provide support and all-in-one packages.
Jeffrey Curtis, the vice president of defense and supply chain at Simba Chain, discusses the importance of auditability of defense supply chains.
Regulators give Wilson Logistics more flexibility for CLP holders participating in revenue-generating freight.
The revised rules under the Railway Safety Act address winter operations of higher-risk key trains.
Goodyear is buying Cooper Tire in a $2.5 billion “transformational” deal.
Emir Pineda, the Miami-Dade Aviation Department’s manager for aviation and trade logistics, explains why Miami International Airport reached a record cargo level last year and how it is a key distribution point for COVID vaccines.
Jennifer Bisceglie discusses how Interos ingests over 100,000 different types of data feeds to map out a company’s extended supply chain and monitors weather and world events to prepare companies for any ripple effects in the defense supply chain.
2002: “It’s a myth that we are out of land,” said Jim Larson of the NY/NJ Port Authority, discussing the airport’s cargo possibilities.
Bloomberg opinion columnist Brooke Sutherland discusses how the private sector can help with COVID vaccinations.
With the need for qualified drivers on the rise, less-than-truckload carrier Yellow Corp. announces plans to hire 1,500 drivers and open new academies in 12 locations across the country.
As ghost kitchens have popped up across the country, few have appeared on college campuses. Chartwells, which provides dining hall services, is rolling out the concept at client schools.
A ransomware gang has leaked data related to Hyundai Motor America’s logistics operations after an apparent ransomware attack on the automaker and subsidiary Kia Motors America.
Andrew Lockwood, senior manager of solutions design at Suddath Global Logistics, discusses last-mile logistics strategies for manufacturing companies.
Infectious disease expert Dr. Anthony Fauci says winter storm disruptions are a “temporary setback” to COVID vaccine delays.
Motional, the Hyundai-backed autonomous vehicle developer, announced that it is now testing vehicles with no driver in the seat.
Jason Coker, vice director of the Arnold Engineering Development Complex, chats with FreightWaves President George Abernathy about the efforts made to meet the growing demand for weapons systems technology and testing and the challenges space commercialization have presented.
XAct Solutions Director of Supply Chain Jamie Dixon discusses the need for brands to utilize technology in last-mile logistic strategies.
Texas weather calamity shows how underinvestment is putting the nation at risk of future disasters, says Alliance for American Manufacturing president.
After a successful pilot program, Walmart associate groups are funding an MIT course on supply chain management.
On Wednesday, the company reported Q4 earnings and 208% of year-over-year growth.
Look for delays in freight flows this week as winter storms move through the Northeast and Northwest (with forecast video).
A change in political direction – and ongoing concerns – greet 10 Biden picks who will deal with freight issues.
Kuehne + Nagel is the second-largest logistics services provider in the world. It just got bigger, swallowing up Hong Kong’s Apex International.
Daimler Trucks North America is recalling M2 Business Class trucks. A transmission fluid leak can slicken roads and increase the risk of a crash.
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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Winter freeze devastates Texas produce industry; $100 million industrial park to be built near U.S.-Mexico border; USITC determines blueberry imports don’t harm U.S. growers; and CBP seizes marijuana worth $1.1 million.
Brussels Airport may be the busiest airport when it comes to moving coronavirus vaccines by air.
The latest round of winter weather hit transportation hard. How does this compare to other events?
Two workers died after entering a tank car that carried natural gasoline at a TrinityRail facility in Oklahoma, according to OSHA. TrinityRail disagrees with OSHA’s findings.
Nova Scotia-based Seaboard Transport will acquire fellow trucking company Armour.
A $250 million e-commerce- and transportation-focused SPAC was filed Friday. Logistics industry veteran Dick Metzler is behind the deal.
In today’s edition of The Daily Dash, freight rates continue to rise. Plus, FMCSA has asked for a delay in a lawsuit seeking to roll back HOS rules, and Haul is attracting some of the most prominent names in the industry as investors.
Tender rejections see a massive spike.
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”
While the opinion letters don’t have the force of law, they do suggest which way the new administration will go in classification of compensation issues
More than 2,900 containers have gone overboard just since the end of November.
NASA lands on WHAT THE TRUCK?!? to talk about the deep space logistics behind landing Perseverance on Mars
The railroad says it will no longer build a rail transfer facility after the City of Atlanta raised objections to the Surface Transportation Board because of the site’s historical and cultural significance.
Washington appeals court asked to place in abeyance HOS review for 60 days due to the new administration.
Air crews don’t like flying to Hong Kong these days because COVID testing there is invasive and they could end up in mass quarantine facilities. UPS pilots are testing a new rapid antigen test that could alert them in time to stay out of Hong Kong.
We believe the winter storms tip the scales in carriers’ favor ever so slightly. Freight markets were already imbalanced with seemingly insatiable demand overwhelming already strained carriers, and it’s only February.
Winter storm Uri was brutal for a lot of people, specifically in the Southeast and Southwest. With that being said, the auto industry experienced some repercussions from the storm worth noting.
The Austin, Texas, mayor is “just trying to keep people alive and safe” as recovery from two historic winter storms continues.
A test of drone delivery this week by manufacturer AgEagle and startup Valqari successfully delivered food and beverages to golfers while on the course.
Steve Ferreira talks container losses, carrier assets and freight rates on this episode of Navigate B2B.
U.S. Class I rail operations are seeking to return to normal, with intermodal terminals opening in the central and western U.S. But the overall network is experiencing delays in multiple locations.
FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.
Uber recently sent out a white paper on its views of compensation and other benefits for its drivers in Europe.
“Constantly shifting consumer demand and supply shocks that are felt worldwide regularly throw supply chains out of balance.”
A former accounting employee of a New Mexico-based trucking company pleaded guilty in federal court to embezzling more than $1.1 million from her employer over a seven-year period.
Ryder CEO Robert Sanchez gets two opportunities to talk about the company’s outlook, in an earnings call and at a Citi conference.
Mud dauber wasps in Australia are setting up home inside pieces of sensitive aircraft equipment. It’s more than a nuisance. It could be dangerous.
A former Jet.com co-founder is rethinking the way e-commerce orders are delivered — specifically, when orders are delivered and in what vessel they arrive at their destination. Nate Faust believes after 25 years of e-commerce, it’s time for a new way of imagining delivery.
On-demand driver platform Haul has attracted a diverse group of investors as it looks to disrupt the CDL staffing industry.
Successive winter storms this week have been wreaking havoc on freight flows. Texas has been hit the hardest (with forecast video).
In today’s edition of The Daily Dash, Werner expects the winter weather to impact Q1 earnings. Plus, J.B. Hunt and Google are teaming up for product development, and Walmart will invest billions of dollars in e-commerce.
“We have really a perfect storm of demand that’s surging like there’s no tomorrow, everybody needing to get the boxes back, COVID-related restrictions,” says Hapag-Lloyd CEO Rolf Habben Jansen.
Hydrogen-powered fuel cells always seem to be five or 10 years from a meaningful presence on the transportation stage. That may finally be changing.
Despite a last-minute pardon by former President Donald Trump in his criminal case, tech pioneer Anthony Levandowski’s legal woes continue after he was forced to file for bankruptcy protection on […]
Cold storage operator Americold saw occupancy dip year-over-year during the fourth quarter as food manufacturers struggled to keep proteins in stock.
According to Bank of America and McKinsey, 10 years of expected e-commerce growth penetrated in three months’ time.
Prospective North American and international customers are inquiring about Wabtec’s battery electric, heavy-haul locomotive, which is undergoing advanced tests with BNSF. The company reported its fourth-quarter results on Thursday.
A winter storm delayed shipments of COVID-19 vaccine doses across the U.S. The Biden administration expects delayed doses to arrive soon.
The California DMV alerted customers to a possible data breach involving one of its vendors. Jason Feldman of AFTS confirmed the ransomware attack but couldn’t comment on the group behind it, how much money the hackers requested and whether his company paid.
Star Bulk and Golden Ocean have recently acquired almost $1 billion in ships between them as they seek more exposure to the dry bulk market.
Driveline and thermal management supplier Dana Inc. has $700 million in new business from auto and truck makers. Half of it is in electrification contracts.
Cass freight data released Thursday shows a huge surge in freight spending with solid growth in shipments. The report indicated that 2021 is unlikely to produce the “rate relief” to shippers that 2019 provided.
It’s hard to predict when and where ice will strike, but the magnitude of such events can be mitigated. Reliance Partners’ Brian Runnels explains why it’s imperative that drivers slow down and increase their following distance during adverse conditions.
Also on the podcast this week: The soaring price of diesel and the impact from the Texas cold snap
Using domestic reloads and street turns are among Blume Global’s strategies to reduce empty miles and emissions.
The winter weather that crippled the Southern Plains is hitting earnings for some companies. Kevin Hill and Michael Vincent discuss what it means for freight.
As of September, the company sits at 800 warehouses and has been able to use these assets to ensure on-time delivery.
FreightCar America makes Terry Rogers its permanent CFO, the Association of American Railroads reports weekly U.S. rail volumes rose 0.3% year-over-year, and The Broe Group updates its progress on a Savannah, Georgia-area industrial park.
Texas announces suspension of natural gas exports to Mexico until Sunday.
Walmart shares drop hard as investors focus on lower-than-expected fiscal year 2021 fourth-quarter results and uninspiring FY 22 guidance.
The Container Store’s (NYSE: TCS) most recent earnings call details the reality of shifting to a greater mix of e-commerce sales at a time when transportation capacity is extremely tight.
Combining Hunt’s data and Google’s tools will yield differentiated service offerings.
Ascend focuses on smaller carriers and shippers, which now will have greater visibility into what Uber Freight has to offer.
Daimler Trucks sales dropped 8% in Q4 alone as parent company Daimler AG prepares to spin off the unit into a stand-alone company.
Fuel haulers are getting relief from hours-of-service rules as a winter storm moves into the Northeast.
Meteorologist June Bacon-Bercey paved the way for young women and minorities in science.
Former U.S. Sen. Bob Corker, economist James Pomeroy and serial entrepreneur Gary Vaynerchuk headline three days packed with content covering global maritime logistics.
Peloton is riding a wave for the history books right now. It has grown revenues by triple digits year-over-year for three consecutive quarters while building one of the most recognizable brands in not just fitness, but all consumer segments. If it should continue this meteoric rise, it must sort its supply chain issues before either the vaccines or competition prematurely puts out its flame.
Back-to-back winter storms this week have been wreaking havoc on trucking capacity (with forecast video).
In today’s edition of The Daily Dash, a proposal to detect drug use through hair testing faces an uphill climb in the Biden administration. Plus, Mississippi mulls a truck parking solution, and the Postal Service is raising rates.
The COVID-19 pandemic highlighted the importance of artificial intelligence in e-commerce, with companies utilizing the technology able to adapt quicker to changing consumer demands.