News

Airspace moves goods fast, with a mix of technology, air transport, ground couriers and people who literally carry a critical product on a flight and to one’s door. Investors just gave the company a big pile of money to play with.

Dooner and The Dude debate the prioritization of truck drivers for the COVID-19 vaccine, recap the Sales & Marketing Summit and learn how truckers handle their essential business.

With Mexico’s National Vaccination Plan underway, the country is already emerging as the epicenter for criminal activity surrounding coronavirus vaccines.  On this episode of FreightWaves’ true-crime podcast Long-Haul Crime Log, […]

This week’s DHL Supply Chain Pricing Power Index: 70 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 65 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 75 (Carriers) […]

FreightWaves’ Global Supply Chain Week will feature media expert Gary Vaynerchuk, Tyson Foods’ John Tyson, and Johnson & Johnson’s Kathy Wengel among dozens of speakers scheduled to appear at the free virtual event, scheduled for Feb. 22 through March 3.

FMC commissioners appeal to President Joe Biden to immediately vaccinate the maritime workforce.

SamCart, an D2C e-commerce platform, has closed a $10 million Series A round of funding, led by TTV Capital.

Automakers called on the Taiwanese government Tuesday to persuade Taiwan chip manufacturers to reallocate production capacity for the auto industry. It looks like those pleas for help were heard.

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

Slips, trips and falls can bring about lifelong injuries for truckers, but thankfully, they’re easily preventable. Reliance Partners’ Brian Runnels details basic safety tips around the truck and trailer.

Hong Kong has some of the most rigid COVID-19 health measures and travel restrictions in the world. New rules targeted at home-based crews are impacting operations at Cathay Pacific and FedEx, where pilots are also griping about the lack of good air conditioning when overnighting in China.

Wall Street volatility is top of the headlines, but what about maritime shipping volatility? Steve Ferreira breaks down what you need to know before the ocean market gets flooded too.

Anticipated consumer spending levels, retail restocking and tight truck capacity are among the factors that could support intermodal volumes this year, according to Class I rail execs.

In 2021, you do not just need to offer a solution; you need to offer a smart solution.

Flatbed truckload company Daseke beats earnings per share estimates in the fourth quarter but revenue and operating ratios slide. 2021 guidance provides a bit of a mixed bag.

NYSHEX aims to eliminate ambiguity from containerized freight contracts. ‘We make it crystal clear exactly what the carriers and shippers are going to do.’

Walmart and Kroger are taking differing approaches to online grocery fulfillment. While fully-automated warehouses are more efficient, they are much more expensive and inflexible. Local-fulfillment centers may not be as efficient, but they are much more cost effective. Read the detailed trade-offs here:

Truckers will hit heavy snowfall and gusty winds this weekend from Iowa to Pennsylvania (with forecast video).

In today’s edition of The Daily Dash, Landstar sees a cooling freight market in the second half of 2021. Plus, the Biden administration may consider regulating driver detention, and Werner sells its freight forwarding business.

Could DB Schenker be the next TFI International? TFI just agreed to buy UPS Freight. DB Schenker is ready to become a pure play trucker in the U.S. and will be looking for sellers.

ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.

Six people, including the owners of two defunct trucking companies, face multiple charges after federal prosecutors claim they submitted fraudulent loan applications to obtain $1.5 million in funds through the […]

In what amounted to an “encore,” the end of the Q&A didn’t mean an end to the discussion on Variant and its role in USX’s future.

Revenue gains and lower costs in the fourth quarter weren’t enough to offset losses from GATX’s passenger airline-affiliated joint venture with Rolls-Royce.

Fuller: Variant initiative was 9.4% of truckload revenues in fourth quarter

When drivers get a chance to give anonymous feedback to their employers, they often use the services of WorkHound, a cell phone-based service that can send back their thoughts, good […]

Love’s Travel Stops is offering $75 to each of 28,000 employees across its businesses who voluntarily get the COVID vaccine.

A record-breaking $28.5 million worth of methamphetamine was found hidden in a shipment of produce at the Montana-Canada border, authorities reported Thursday.

The American Trucking Associations and state trucking groups call on the Biden administration to reclassify vaccine status for truck drivers.

In the second episode of Taking The Hire Road, Jeremy Reymer talks about how companies can maximize the utility of their drivers.

China’s latest maritime measure to control the spread of the coronavirus will add to the clog of containers at ports.

Truck broker Landstar System expects high demand and elevated truckload rates to carry through the first quarter of the year. However, the company’s CEO has a bit of a contrarian “pessimistic” view for the second half.

Nominate industry-leading shippers for FreightWaves’ annual Shipper of Choice award.

With its acquisition of an Atlantic short line railroad in place, Canadian Pacific said the next opportunities to expand its network lie in its land holdings and partnerships.

Good management alone won’t keep a business afloat, but poor management almost ensures failure in the ongoing crisis.

Truckers to hit road closures again Thursday as relentless California snowstorm continues (with forecast video).

In today’s edition of The Daily Dash, we explore the relationship between TFI International and the unionized LTL carrier UPS Freight. Plus, earnings have started in earnest and so far, so good.

UPS lost its 16-year battle to succeed in LTL. Now it’s TFI’s turn.

Tesla CEO Elon Musk said constraints on battery production limit the company’s ability to move forward on the long-delayed Tesla Semi.

Truck broker Landstar System set records in the fourth quarter. The company is expecting the high-demand environment and improved truckload pricing to carry through at least the first quarter.

The new owner of the ocean/air forwarding unit is far bigger in the field than Werner.

Norfolk Southern seeks to increase train lengths and weights as part of its next stage of precision scheduled railroading deployment, executives said during the company’s fourth-quarter earnings call on Wednesday.

A trucking lobbyist sees the Biden administration taking up the detention time challenge.

Canadian Pacific reported a fourth-quarter operating ratio of 53.9%, a record low. Fourth-quarter net profit was CA$802 million, up nearly 21% year-over-year.

Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”

How do you navigate the ups and downs of the freight market? With Luke Falasca and Kyle Taylor, of course.

Where do you fit in the freight industry? Dooner and The Dude debate how to find your place in this wide world of transportation

Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.

From tornadoes to snowstorms, natural disasters are featured in several films truckers can enjoy on the road.

Anthony Smith and Zach Strickland break down the differences between free trade and protectionism and how it will shape the freight landscape in the future.

Knight-Swift Transportation reports a big jump in results during the fourth quarter. However, while some may view this as a victory lap, investors appear to be calling the end to the TL trade.

Walmart is making an $800 million investment in Lancaster, Texas, building two e-commerce facilities totaling 1.9 million square feet aimed at growing its online shopping presence.

Bid season is here, which means contract rates are catching up to spot rates and in turn loosening capacity.

Uber Freight has rolled out a free rate-locking tool for small and midsize shippers.

Alaska Airlines’ parent company is one of the better managed airlines in the industry. Its financial results during a pandemic year show why.

Sen. Maria Cantwell seeks COVID-19 vaccine priority for the food transportation sector.

Social Auto Transport aims to connect the gig economy with car dealers to help improve the customer service experience.

Grocery is the only retail segment that has maintained (and even grown) its e-commerce penetration since peak levels in March, indicating the new normal is already here. The new normal is a much higher level of online demand, and grocers are getting wise about their fulfillment methods.

TFI International CEO Alain Bedard praised the partnership of UPS and the Teamsters and signaled his company’s willingness to work with unions ahead of the UPS Freight acquisition. But will it work?

The opinion letter sent last week dealt with issues of driver safety requirements and the relationship between drivers and 3PLs.

An Arkansas-based trucking company, RCX Solutions, filed for Chapter 7 liquidation on Monday, nearly a year after it shuttered operations when it was unable to climb out of debt following a $23 million nuclear verdict.

Bringg is now offering its retail customers the ability to leverage Uber’s vast driver fleet to help fulfill e-commerce orders.

CN expressed confidence that it has the network capacity available to handle more volumes in the second half of 2021. But pandemic uncertainties loom in the first quarter.

Knight-Swift Transportation capitalizes on strong truckload fundamentals to post much higher year-over-year results. Fourth-quarter numbers came in slightly ahead of expectations and the company’s full-year 2021 guidance remains unchanged.

Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in the near term.

End-to-end ecosystem combines Navistar trucks, GM fuel cell systems and mobile hydrogen producer in test on dedicated J.B. Hunt Transport routes.

Oracle has released machine-learning and IoT updates to its supply chain application.

Fourth-quarter net profit was $671 million. An 8% decrease in operating expenses helped to offset a 4% decline in operating revenues.

More road closures likely for truckers as a major snowstorm hits the Sierra Nevada (with forecast video).

In today’s edition of The Daily Dash, an activist investor speaks about what changes Forward Air should make. Plus, FedEx Ground is losing a key executive and why UPS Freight was no longer a strategic fit for UPS.

Two FreightWaves SONAR charts illustrate Union Pacific’s views of the West Coast intermodal spot market.

As the trucking industry rebuilds toward meeting replacement demand, PACCAR expects new products will help it continue gaining market share.

UPS takes part in a business panel on why Congress should support last-mile delivery and electric vehicles.

Could a logistics stock be the next GameStop, spot market slumps, UPS Freight sold to TFI, pirates attack, bees on the loose and more

Operating ratios for all its segments improved in the final three months of the year.

U.S. ports have seen “month-over-month strength across multiple business segments.”

Net income rebounded 49.1% year-over-year from one of the 3PL’s worst quarters.

The success of California’s ambitious clean truck programs hinges on giving financial incentives to small trucking companies so they can afford to pay for the vehicles.

CN’s fourth-quarter net income was C$1.02 billion amid a 2% increase in revenue and a 5% decrease in operating expenses.

Andrew Cox and Seth Holm break down the pros and cons of UPS Freight selling to TFI International.

Prologis enters the new year with “optimism and confidence” as logistics real estate remains in high demand. Fourth-quarter financial results and 2021 guidance come in ahead of forecasts.

Wall Street reacts negatively to the latest earnings report, but Covenant suggests it’s playing a long game.

Market capacity is not loosening up as contract bid season gets into swing and Chinese New Year approaches.

Maier is succeeded by FedEx Freight head John Smith; Lance Moll will replace Smith at the LTL unit.

Former CSX executive Dean Piance will serve as CEO of short line operator and logistics provider OmniTRAX.

Lean inventory doesn’t sit well with supply volatility. The chip shortage, as well as the pandemic, have been a wake-up call for supply chain managers.

Ryder offers a wide range of alternative fuel vehicles based on customer demands, total cost of ownership and sustainability goals. FreightWaves interviewed Richard Mohr, CTO at Ryder, to dive deeper.

These Instagram accounts center on the perspective of brokers, or a dispatcher in one case, using humor and memes to laugh — or cry — at the rigors of their daily work lives.

Oracle’s cloud-based solutions help shippers weather disruptions and give customers a seamless buying experience.

The continuing impact from COVID impacts results but the Kenworth, Peterbilt and DAF parent company still turns in positive numbers.

Logistics real estate operator Prologis reports better-than-expected fourth-quarter results as the “pandemic has pushed global supply chains to their limits.”

Gina Raimondo will be the anti-Wilbur Ross as secretary of commerce, with less focus on protectionism.

Truckers likely to hit roadblocks as a major snowstorm approaches the West (with forecast video).

In today’s edition of The Daily Dash, TFI International will acquire UPS Freight. Plus, the West Coast has supplanted Chicago as the king of the freight world, and outbound tender volumes keep falling.

Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.

The Georgia Ports Authority is adding capacity in anticipation of another busy year.

Covenant also took a $44 million charge in connection with the sale of the TFS factoring division to Triumph Bancorp.

In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.

Third-longest increase in 27-year-old series

Kevin Hill brings on a new co-host to discuss turning negatives into positives on the sales floor.