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Airline industry experts are just guesstimating when they say 8,000 big freighter planes will be needed to rush COVID vaccines to the public. Until we know more about the shipping requirements and packaging logistics, folks will still be in the dark.
In today’s edition of The Daily Dash, Landstar is the latest carrier to predict a strong fourth quarter. M&A activity could be hitting the brakes and a truck driver is charged for driving into a crowd of protesters.
Trucker Path joins the AI revolution, converts free customers to paying
Large parcel carriers’ technology and transportation networks are buckling.
Clock is ticking for federal prosecutors to decide their next steps after appellate court overturned former Pilot President Mark Hazelwood’s conviction,
OR improved for the company; on analyst call, Fuller says there will be bumps in the road on the way to a new operating model.
Startup gets $780 million from Diamond Peak Holdings Corp. to build commercial fleet-focused electric pickup truck.
Valuations are high and going higher heading into 2021, experts say at Armstrong conference.
Supply chain solutions technology provider Manhattan Associates sees favorable long-term tailwinds as multichannel retail delivery expands.
TFI International reports a large jump in Q3 profits as strong performance from e-commerce heavy-logistics business and wage subsidies make up for weakness in truckload and LTL.
State officials were among the guests cheering for the ports’ fiscal-year successes.
Q3 performance contrasts with loss in corresponding quarter last year
All stakeholders are experiencing used truck momentum despite and because of the lingering pandemic.
Life on the road isn’t for everyone — including dogs. Truckers should ask themselves whether their furry friend will enjoy life on the go.
American Airlines achieved a $77 million quarter-over-quarter gain in cargo revenue thanks to stepped-up cargo operations and favorable market rates.
The company is also eyeing opportunities to develop its real estate offerings and will bring on more assets to handle additional volumes, executives said during CSX’s third-quarter earnings call.
Drivers tell FreightWaves what kind of weather concerns them the most as they try to keep freight moving.
ZIM and 2M increase capacity of vessels calling Texas.
Investigators charged Bogdan Vechirko, 35, of Otsego, Minnesota, with threats of violence and criminal vehicular operation on Thursday. He allegedly drove through a large crowd of George Floyd protestors on the Interstate 35 west bridge near Minneapolis on May 31.
ZUUM brings shippers, brokers and carriers together to create synergy by resolving the fragmentation in technology adoption, data and capacity.
Amazon’s new fulfillment centers in Guadalajara and Monterrey represent a $100 million logistics investment.
Management from truck broker Landstar sees no near-term letup in tight truck market fundamentals. The company’s fourth-quarter guidance brackets its EPS record set in the fourth quarter of 2018.
Expectation, though not stated explicitly, is that the latest group of guilty pleas to federal charges signal cooperation with prosecutors
Intermodal traffic props up rail volumes and gains for retail sales; CSX, Union Pacific announce new appointments.
Alaska Airlines is slowly improving its financial outlook month by month, but it still lost about $400 million in the third quarter.
In assessing customer service in transportation, data is necessary but not sufficient.
Cathay Pacific is having trouble remaining a viable airline with just a trickle of passenger business due to the coronavirus. It’s taking drastic measures.
The autonomous trucking company is moving toward commercialization of Level 3 trucks, with mass production to start next year.
Lower fuel prices drove Union Pacific’s operating ratio lower. Meanwhile, third-quarter net profit fell 12% year-over-year.
Delayed freight flows are likely across several states, from Montana to Michigan.
COVID-19 keeps bookings soft, planes parked during quarter.
In today’s edition of The Daily Dash, Knight-Swift sees a strong 2021 ahead; experts are predicting a wild Q4; and Kenan Advantage Group could be for sale.
COVID is believed to have accelerated the exodus of people from cities, but new data suggests the long-term impact on freight flows is more nuanced.
Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.
Rush Enterprises reported lower Q3 sales and earnings. But the truck dealership network exceeded analyst estimates in both top and bottom line.
Forward Air sees 60 cents per share in the third quarter. The earnings pre-announcement comes in significantly higher than analysts’ current forecasts.
Goya Foods, one of the largest Hispanic-owned food companies in the U.S., will invest $80 million in an expansion of its manufacturing and distribution facility in Brookshire, Texas.
Larkin of Clarendon sees record year ahead if things break right.
Truck broker Landstar System handily beats its guidance, which was raised in early September. The company posted its second-best third quarter ever.
Canadian trucking and logistics company Mullen Group reports continued headwinds from the pandemic in Q3 as government wage subsidies help offset drop in revenue.
Tesla (NASDAQ:TSLA) reported third-quarter revenue of $8.77 billion, a year-over-year increase of 39%. The total from the company came in higher than estimates of $8.26 billion. Automotive revenue was $7.6 […]
Just like its other Class I counterparts, CSX grappled with lower volumes year-over-year in the third quarter as the broader economy recovers from the COVID-19 pandemic.
Documents indicate company was in a financial bind before private equity company Teleo scooped it up
JAXPORT is there to help as consumers shift from a shop-till-you-drop mentality to a shop-till-it-drops reality.
New Kpler data reveals slow pace of floating-storage unwind and steady fall in crude-tanker utilization.
The rail equipment and technology provider is one of many companies that have laid off or furloughed employees because of the lower-volume environment exacerbated by the coronavirus pandemic.
Knight-Swift Transportation’s third-quarter report provides an earnings beat, a 2020 guidance raise and a better-than-consensus first take at 2021 earnings as the carrier sees “strong freight conditions” continuing.
Rating is non-investment grade; agency notes that the company has been mostly growing through acquisitions rather than organic
The self-driving vehicle company announces new leadership hires; claims 600 employees.
The carrier sought relief from commission regulations earlier this month as part of its efforts to recover from a crippling cyberattack in late September.
Higher rail volumes continue to be a trend in the fourth quarter, but the pace of volume growth could depend on how the COVID-19 pandemic plays out this winter.
Demand is reducing inventories while sales remain strong, leaving no cushion before sales ramp up as they do in November and December.
Knight-Swift Transportation raises its 2020 outlook and provides 2021 guidance that is well ahead of recently raised expectations.
Shippers can get instant and spot quotes in mere seconds, book loads and track their freight across borders using SCOUT.
Revenue growth in the railcar lessor’s international segment and in its portfolio management program affiliated with Rolls-Royce helped offset losses for its North American segment.
Truckers will face more dangerous wintry weather in the Midwest the rest of the week.
In today’s edition of The Daily Dash, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.
Air cargo companies are raking in revenues this year. It might be a bad time to ask for a handout from the government.
OMERS Private Equity is considering selling Kenan Advantage Group, the tank truck carrier and logistics provider, according to a report in Bloomberg.
Auto volumes are still down 25% year-over-year and closed West Seattle Bridge remains a barrier.
P.A.M. Transportation Services sees a “marked improvement” as its auto manufacturing customer base gets back to work. The carrier expects “upward rate pressure” as truck capacity tightens.
A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft
Zero-emissions credit sales drive Tesla profitability; heavy-duty truck manufacturers to access REC markets
The COVID-19 pandemic continued to put pressure on CN’s volumes in the third quarter.
Logistics real estate investment trust (REIT) Prologis beats third-quarter expectations and raises guidance. Conditions have improved and the runway for e-commerce-related growth appears long.
The railroad has 1,000 acres it can develop with partnering customers.
A tropical storm watch has been issued for the island of Bermuda and large swells are possible at ports.
Transportation lawyer Kristen Johnson joined “Fuller Speed Ahead” to discuss her thoughts on the $411 million nuclear verdict — the largest on record.
The ocean container industry association files an agreement with the U.S. Federal Maritime Commission to ensure its collective activities do not violate the Shipping Act.
TruckX has introduced a ruggedized wired ELD setup, which reduces the operational difficulties that come with using a bluetooth ELD solution.
The Port of Brownsville recently received a $14.5 million grant to expand and upgrade the port’s 3 million-bushel grain elevator, including rail and road improvements.
External temperature gauges, idling and chaining up are just a few winter weather survival tips suggested by truckers for truckers.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
(Updated Oct. 260, 2020, 9 A.M. ET, with more on EFEW, Sine Draco Aviation) Questions about whether the new Airbus A321 converted freighter could generate orders and catch up to […]
“Software platforms are no longer a luxury use, it’s a necessity,” said UTECH President and CEO Yuriy Nekrasov. “Carriers can no longer afford to wait before implementing technology.”
Canadian Pacific’s net income fell 3% in the third quarter.
Logistics real estate investment trust Prologis records a better-than-expected third quarter and modestly raises its 2020 guidance.
PACCAR Inc. earnings fell in the third quarter but the maker of Kenworth, Peterbilt and DAF Trucks continued a string of beating earnings estimates.
Push to capture small-business share of the B2B e-commerce market continues for Chinese giant.
Periods of snow, wind and freezing rain will delay truckers over the next few days from Montana to Wisconsin.
Port Call Data Definitions guide is available for free download.
In today’s edition of The Daily Dash, OOIDA will back FMCSA in a lawsuit defending hours-of-service changes. Plus, regional carriers could see a strong holiday season and equipment orders are up and that could complicate 2020 rate forecasting.
Barry Engle and his Qell Acquisition Corp. raised $380 million to invest in a next-generation mobility startup. But how many great candidates are left in the SPAC craze?
The U.S. Environmental Protection Agency has settled with three trucking companies for violating the California Air Resources Board’s Truck and Bus Regulation.
At $1,931, it’s up from both the second quarter of this year and Q3 of 2019
The maker of fuel-efficiency technology for heavy-duty trucks bets on logistics software and the carbon markets.
An investigation is underway into a fatality that occurred last week at CSX’s Acca Yard in Richmond, Virginia.
Still not under indictment are any of the individuals who allegedly planned the crashes and the doctors who treated the indicted “slammers.”
On a collision course: holiday timing, surging consumer demand, thin inventories, and capacity constraints for container liners and ports.
The EPA and a Southern California air quality district are providing $21.7 million for 70 Volvo Class 8 electric trucks for use in drayage and regional haul, propelling the Swedish truck maker to the lead among battery-powered truck makers.
Sting trailers, thieves in the night, and hackers. Who and what is keeping your cargo safe?
OOIDA says changes must stay in place to help reverse the rising crash rates.
Drop in stocks relative to demand was the biggest ever in the latest report; demand figures finally seem to be reflecting strong trucking market
FreightWaves CEO Craig Fuller was interviewed for the podcast “The Business of Content.” Read highlights here.
Former Port Authority of New York and New Jersey executive takes over at IICL from Steven Blust, who will continue in a senior adviser role.
The U.S. land borders with Canada and Mexico to remain closed for nonessential travel at least another month to curb the spread of COVID-19.
FedEx Express will open a $12M, 193,000-square-foot logistics center in the Mexican city of León, creating 150 jobs.
Putting together a comprehensive and effective returns strategy should not be harrowing. While the number of variables, data points, and potential curve balls can seem daunting at first, the right level of expertise can make a world of difference.
Fleetpal is built on VMRS, the universal coding system, allowing it to track and segment equipment failure and operating costs efficiently.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
