News

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.

Periods of snow and freezing rain will slow down truckers this week from Montana to the Great Lakes.

Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.

Anxious shippers look to regionals after being kicked to the curb by the big boys.

Bottomley Enterprises, a family-owned carrier, recently opened a new trucking terminal, adding around 100 jobs in Mount Airy, North Carolina.

Cocaine, fentanyl, heroin and methamphetamine have been seized from trucks crossing the border in Texas and California.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volkswagen Taos starts production in Mexico; Lalamove launches delivery services in Dallas; Dachser Mexico expands in Querétaro; and OmniTRAX grows in South Texas.

Some Top 20 cargo airports still can’t get above water in terms of freight volume because there aren’t enough passenger planes flying.

Carriers are investing in new trailers over tractors during the most recent freight boom. What does this mean for capacity in the future?

The Mediterranean Sea has become a hotbed of conflict as Turkey and Greece clash over oil, and that is putting BCOs in a difficult spot.

The CARES Act oversight commission is still waiting on a response from the Defense Department regarding its “national security” designation of YRC Worldwide, which allowed the carrier to obtain a pandemic relief loan.

Real Estate Roundup is a weekly rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Prologis, Brookfield and Greek Development aggressively pursue […]

Minnesota-based Stan Koch & Sons Trucking has agreed to pay $165,000 to settle a EEOC lawsuit stemming from allegations the carrier retaliated against a former truck driver.

In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.

Markets consolidate as peak season nears.

“Several months into this pandemic, we are now seeing positive signs by these cargo volume totals.”

Rumors started swirling on Friday that LTL carrier Central Freight Lines was shutting down its western division, which company President Michael Brennan told FreightWaves are “100% untrue.”

Sequel to “The Shipping Man” asks whether ESG will kill the old-school style of traditional shipowners.

The Cass Freight Index booked 7% sequential gains in shipments and expenditures during September.

Anne Reinke is coming directly from DOT but has a long record in the DC office of CSX

$8 million worth of marijuana and over 2,000 bongs are discovered at the U.S-Canada border during two recent inspections of tractor-trailers.

Also on this week’s edition: diesel did something last week it hasn’t done in at least 30 years.

Executives are confident about an economic recovery but uncertainty persists over how much volumes will grow in the fourth quarter and into 2021.

Morning Brew co-founder/CEO Alex Lieberman on turning a newsletter into an empire.

Shares of J.B. Hunt Transport Services move 9% lower after the company fails to meet recently raised analyst expectations. Intermodal service headwinds and elevated costs were the culprits.

Air Canada is losing its CEO, Calin Rovinescu. He will retire early next year with a reputation for bold leadership.

Based on driver experiences, traffic data and harsh weather, these are U.S. roads that truckers should avoid whenever possible.

AIT Worldwide Logistics’ Bob McGhee shares his thoughts on the best practices for military equipment shipping.

Zach Strickland takes a look at the attention the large markets are getting in the Carrier Update presented by PowerFleet. Andrew Cox and Anthony Smith discuss stagnate indices and carriers […]

Rasmussen heading up safety group after retiring from PrePass.

Canadian Pacific Railway will pay $312 million for full ownership of a 1.6-mile tunnel linking U.S.-Canada via Detroit and Windsor

“This service further connects northeast Florida exporters, including the area’s robust forest products sector, to an important and growing segment of the global economy.”

Fr8Hub shareholders intend to invest $12 million as part of the transaction.