News

Spot rates move up for the first time in 5 weeks.

After four straight months of near-record orders, trailer bookings took a breather in January as some manufacturers slowed taking reservations.

FreightWaves Truck Talk is a weekly newsletter adding perspective, context and commentary to industry news and trends.

Canadian cross-border trucking and logistics company Titanium Transportation Group gains global access to key freight networks in Chicago with the latest U.S. brokerage office.

On Wednesday, the U.S. International Trade Commission ruled against SK Innovation Co. Ltd. for stealing battery trade secrets from LG Chem. What implications does this have for OEMs that rely on SK?

In this episode of Navigate B2B, Steve Ferreira talks with a celebrated industry expert about his opinions on the future of the retail landscape.

From truck parts to fuel cells, business leaders face challenges in getting critical components and meeting customer expectations for delivery.

S.F. Express is growing its domestic Chinese parcel business at a dizzying rate. The acquisition of a large Hong Kong logistics company helps it expand overseas.

We’ve long touted retail inventory restocking as a primary growth driver for the freight bull run, but apparel brands aren’t aligning with this thesis. Rather than reverting back to habitual overordering and year-end discounting, retailers are sticking with the conservative ordering tactics that helped them win the holiday season.

As vaccine distribution spreads globally, the hope for pre-pandemic normalcy heightens. But FreightWaves’ exclusive conversation with Bill Fallon, AIT Worldwide Logistics’ vice president of global accounts, reveals that the changes spurred by the pandemic may permanently shift how the global community works and shops.

BrightDrop, a startup launched by GM, thinks that to solve last-mile delivery you need a provider that looks at the issues holistically — from vehicles to technology.

Jeremy Reymer, the founder and CEO of DriverReach, speaks with Hayden Cardiff, the founder and CEO of Idelic, about the importance of safety and compliance for driver retention.

Doctors have been identified in the lawsuit, a truck driver was fired after one “accident,” and C.R. England paid out over $4 million in a case.

Up to 10 inches of snowfall could pile up as far south as Dallas-Fort Worth and northwestern Arkansas (with forecast video).

In today’s edition of The Daily Dash, a pension bailout bill that would affect Yellow and ABF Freight drivers could be near in Congress. Plus, XPO posts a record quarter and Uber Freight’s growth continues.

Leaf Logistics CEO Anshu Prasad believes manufacturers of food and consumer packaged goods could be in jeopardy of missing earnings expectations as transportation rates remained elevated throughout the quarter.

Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (WITH VIDEO).

New unit acquired by Forward Air increases its intermodal footprint.

XPO Logistics sees strong momentum coming off an excellent fourth quarter.

Smart loading dock startup Kargo announced the close of its $6 million seed round on Thursday. The company eyes further expansion and product development.

ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.

JAXPORT says strong demand for vehicles and consumer goods contributed to a solid first fiscal quarter.

In the inaugural Point Of Sale episode, host Andrew Cox talks to an industry expert about his belief that returns are not inevitable and that every return is a money-losing operation.

Two GlobalTranz employees whose job classification changed have filed suit for overtime, but the suit seeks much larger class certification.

PICKUP’s white-glove delivery for big and heavy items transforms the last-mile customer experience.

A member of Congress bets on getting his truck parking expansion proposal included in the highway bill.

Kevin Hill and Michael Vincent break down today’s top headlines and learn where Uber Freight is doing things right on this episode of Midday Market Update.

OmniTRAX sets sights on Sand Springs; advisory group approves Union Pacific’s emission reduction targets.

When it comes to risk mitigation, due diligence of the carriers you broker to is just as important to having the right insurance policies.

Firefighters called a massive Fort Worth pileup a “mass casualty incident.” It happened on an icy highway Thursday.

The Truckload Carriers Association will host a webinar on Tuesday to help truckload fleets understand current and potential regulations and other industry issues under the Biden administration.

The U.S. housing market is tight heading into 2021, with higher housing starts and limited inventories helping to support lumber and wood carloads.

Rush Enterprises sold Class 8 trucks at a level reflecting the industry’s overall COVID-impacted decline in 2020. It expects better results in 2021 and beyond.

The most fundamental difference between real-time pricing and spot pricing is that one is by design and the other is by mistake.

Investments in its Eats and Delivery platforms have Uber on a path toward profitability as its Rides business recovers post-pandemic.

Samsara announced Thursday it has surpassed more than $300 million in run-rate subscription revenue for the fiscal fourth quarter ended Jan. 30.

Day Three of Global Supply Chain Week will cover topics related to food and CPG supply chains. Tyson Foods Chief Sustainability Officer John Tyson is set to start the day off with global sustainability in mind.

The first reaction to earnings at Ryder from Wall Street was decidedly negative.

Significant ice buildup Thursday will make travel nearly impossible for truckers across several Southern states (with forecast video).

In today’s edition of The Daily Dash, an activist investor wants changes at Forward Air. Plus, a strong start to 2021 for LTL carriers; reshoring is coming into vogue; and recapping FreightWaves’ Health & Pharma Supply Chain virtual event.

Thanks to COVID, there are no seasonal highs and lows for international shipping. There is so much demand for goods that the peak season never seems to end — and ports, railroads, truckers and warehouses are reaching the breaking point.

A California judge awarded $23.7 million, considered a “nuclear verdict” because it exceeds $10 million, to a motorcyclist whose lower leg was amputated after he was struck by a work truck in Los Angeles.

Trimble produced $829.7 million in revenue during the fourth quarter of 2020, with earnings per share of 71 cents.

The size of Uber Freight’s “fleet” is about 71,000 carriers.

Hyundai’s concept vehicle TIGER represents the automaker’s vision of last-mile delivery in both urban and remote environments.

The Teamsters’ Central States Pension Fund could be saved through the COVID-19 relief package.

Brokerage steals the spotlight at XPO amid a record revenue performance and strong 2021 earnings guidance.

Commerce platform Fabric has leveraged market demand for its product to close a $43 million Series A round of funding just months after it secured its seed round.

A streamlined, automated and transparent approach has taken Airspace to the next level of modern shipping.

Dooner and The Dude talk to Chad Brueck about how CRST is ensuring secure COVID-19 vaccine delivery in this session of FreightWaves’ Health & Pharma Supply Chain Summit.

FedEx makes a multiyear commitment to help colleges offset the COVID-19 economic impact.

An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.

TrinityRail will permanently close a plant in Vidor, Texas, laying off 59 workers by April 30.

Dooner and The Dude learn how ArcBest has adapted during the pandemic to help deliver supplies in this session of FreightWaves’ Health & Pharma Supply Chain Summit.

Old-school aerodynamics technologies such as TruckWings can contribute to economic and environmental sustainability.

Lyft said it is investing in the business so it is positioned to benefit in an expected rideshare rebound, perhaps as early as Q2.

Due to shipping snarl and container congestions, delays in retail inventories will be felt from Christmas through Easter.

SmartHop has secured a $12M Series A funding round with participation from heavy hitters Union Square Ventures and RyderVentures to scale its “business-in-a-box” solution for owner-operators and small fleets.

Get caught up on every session from the FreightWaves Health & Pharma Supply Chain Summit here.

Self-driving truck technology startup Plus is already working on an autonomous freight matching project in China. Now it has investors there.

FreightWaves has announced the launch of Modern Shipper. The editorial brand will provide news and information about e-commerce, the gig economy and the important roles each plays in the supply chain.

An ice storm will disrupt trucking the next few days from the Plains to the mid-Atlantic (with forecast video).

Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.

In today’s edition of The Daily Dash, diesel fuel prices are rising across the country. Plus, the Postal Service could be getting a makeover; Forward Air talks cyberattacks; and TFI discusses its plans for UPS Freight.

While optimism is returning to the economy, 83% of manufacturers expect their company to take up to a year to recover, according to a survey from BDO.

The embezzler will serve concurrent prison terms as well as pay restitution for unpaid taxes.

Inland Port Greer records its best January and ocean-carried container moves increase year-over-year.

Agents occasionally find the green coca plant leaves during searches but rarely find green powder cocaine, authorities said.

Maritime operators make the case for being included in the next COVID-19 relief bill.

Third-party logistics provider Radiant Logistics beat expectations for its second fiscal quarter. The company’s improved results and low-debt profile are allowing it to pursue acquisitions.

3,140 fleet failures in 2020, woeful state of yard management, crash causing koalas, more in the WHAT THE TRUCK?!? newsletter

Andrew Cox and Seth Holm debate the big news in the retail space and compare which logistics companies have the best drop-and-hook practices.

Kevin Hill and Michael Vincent discuss the top stories in freight and figure out how Brexit and COVID are impacting European trade relations with the U.S.

Lyft reported a 45% decline in active riders and 44% decline in revenue in Q4 as the pandemic continued to affect ridesharing.

The most important number, yield, is up from January 2020 for Forward Air.

The former owner of Sisic Transport admitted to altering thousands of logbook entries for his drivers, using Omnitracs’ automatic onboard recording device software.

Fuel cell manufacturer Hyzon Motors agrees to a SPAC merger that will bring a $570 million cash injection for global scaling of the Singapore spinoff’s business.

Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.

Day Two of FreightWaves’ Global Supply Chain Week virtual conference includes experts from DHL, SVT Robotics, Geodis and JLL Inc.

Customers taking part in BNSF’s program to develop facilities on BNSF-owned real estate invested $1.1 billion in those facilities in 2020.

Thanks to the congestion in Los Angeles, container rates and volumes in Savannah are both hitting highs. When will volumes stabilize?

The agency’s revamp will likely include cost reductions, price increases and efforts to streamline what many consider a bloated organization.

Join FreightWaves for a virtual event with experts from the air cargo and manufacturing sectors. Learn how their companies are adapting to the new business landscape caused by the coronavirus.

Retail prices have not yet fully caught up with recent wholesale numbers, suggesting higher prices are likely.

Fine art logistics provider Masterpiece International saw benefits of technological innovation firsthand when switching from human couriers to high-tech trackers during the coronavirus pandemic.

Tornadoes and wildfires are featured in the latest list of natural disaster films truckers may enjoy.

Accumulating ice and snow will hit several states for the second half of this week (with forecast video).

In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.

Forward Air’s CIO recommends hiring a CIO who has been through a crisis as an important step to prepare for a cyberattack.

Electric chassis maker Xos Trucks may be the next electrification startup to get a financial injection by merging with a special purpose acquisition company, Reuters reported Monday.

TFI International CEO says it will take a hard line on UPS Freight customers who aren’t making the company money after its $800 million acquisition closes.

A top FedEx reverse logistics expert says the online returns tsunami has just begun.

For the 14th consecutive week, the average retail price of diesel has risen. The Department of Energy/Energy Information Administration average retail price of diesel rose 6.3 cents per gallon to […]

Kevin Hill and Chris Jolly highlight what you can learn from the top 1% of freight salespeople.

Daimler Trucks North America is going to offer fully integrated powertrains for its electric trucks the same way it does diesel trucks — through its Detroit technology subsidiary.

DoorDash is acquiring Chowbotics, hoping to leverage the firm’s salad-making robots to provide DoorDash partners new revenue opportunities.

CSX’s tunnel widening plans are still moving forward; Canadian Pacific sees record grain volumes for January.

Dooner and The Dude are talking all about the rise of drone delivery and how Valqari plans on having your packages land with them

Charges against a newly minted trucker are dropped as prosecutors point to his “lack of involvement” in $2.8 million worth of marijuana found in a sealed trailer of pork at the U.S.-Canada border.

Yard management represents a costly blind spot for many shippers and their supply chain partners, according to a survey released by FourKites.