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Overall strength in the freight economy continued to drive the Trucking Freight Futures markets higher across the board last week, as the spot National contract set another all-time weekly record by climbing $0.075, or 4.5%, to $1.727 per mile.
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
Old Dominion Freight Line says it has expanded its network of service centers by nine so far in 2020. The expansion will facilitate the carrier’s efforts to grow market share.
Canadian Pacific’s and CN’s estimates of grain they expect to haul in 2020-2021 is in line with past projections.
Project will increase available ship capacity within two years.
Dooner and The Dude breakdown crazy ABF Freight truck video out of Florida, talk with XPO, how LTL works, more
Startup electric truck maker Lordstown Motors takes trendy reverse merger route to public ownership, and a $1.6 billion valuation.
Truck drivers work around-the-clock to deliver essential medical supplies and food as coronavirus cases rose around the country, and it’s time to codify into law their essential status.
The state of Victoria in Australia has declared a COVID-19 emergency and is shutting down nonessential businesses. Qantas Freight is pausing operations at its warehouse because of a health issue.
Video shot by another motorist shows the driver of a tractor trailer trying to wiggle the unidentified man off its hood as it sped down the highway.
A Wall Street Journal article suggested Global Infrastructure Partners and the Blackstone Group’s infrastructure segment are considering acquiring KCS.
LaQuenta Jacobs promoted to provide cultural leadership and strategic direction.
FreightWaves and EKA Solutions, Inc. announce a collaboration to bring more data to EKA Solutions’ clients.
Restrictions on commercial vessel movement could get tighter today.
Startup electric truck maker Lordstown Motors will go public through a reverse merger, a popular tact to raise capital and speed public trading.
With possible permanent loss of some of its retail base, TFI will need to take steps that may include acquisitions, the company’s CEO said.
Isaias weakened from hurricane to tropical storm over the weekend.
Mass adoption of electric vehicles will happen when they are comparable in cost and performance to internal combustion vehicles.
No ship-to-shore operations at Port Canaveral until further notice.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Concern for China’s supply dominance of rare earth metals; CEVA Logistics to operate a warehouse for IKEA in Mexico; Coca-Cola FEMSA acquires 45 Kenworth trucks; Nikola’s new factory to rely on cross-border supply chain.
Airfreight rates from China are on the rise again. The rest of the world is more stable when it comes to air cargo. But China is driving much of the transport activity because of its export of face masks and other goods.
Volumes have recovered faster than many expected leading to many transportation companies posting earnings beats in Q2. There are no signs of slowing into August.
The proposed rule seeks to require trains operating in Kansas to have at least two crew members in the front locomotive.
The Carol Tomé era has arrived with a bang.
U.K.-based Arkonik Ltd., which restores and improves vintage Land Rover Defenders, has a new facility near the Port of Charleston.
Acquisition for TFI is fourth in the last two months
In today’s edition of The Daily Dash, prosecutors are recommending jail for former Uber executive Anthony Levandowski, and how much did Amazon spend on logistics in the second quarter?
No ship-to-shore operations until further notice.
Carriers appear to be gaining momentum.
Freightliner’s test fleet of 30 electric trucks has circled the world an equivalent of a dozen times as they make drayage runs and a variety of deliveries in Southern California. Daimler Trucks North America plans regular production of electric trucks in 2022.
United Airlines is slowly ratcheting up its passenger schedule each month as travel increases, but it’s a tricky game to figure out how much supply to add in an uncertain world.
OOIDA warns suspending federal excise tax would hit Highway Trust Fund.
Robots are filling warehouses across the globe, today we look into automation, plus all of your latest freight news.
While revenue for Universal Logistics Holdings’ truckload, brokerage and intermodal segments all declined during the second quarter, the CEO said he was pleased with the “anticipated direction of our current operations.”
Gov. Ron DeSantis: “I want Floridians to know, the state of Florida is fully prepared for this.”
Numbers for the division were far worse than those of peers like Old Dominion and Saia; Deutsche Bank recommends breakup of the company
DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.
Forward Air lays out plans to expand its less-than-truckload footprint. More terminals are expected to open this year.
Carrier momentum continues.
In conference call, CFO Satterfield discusses some flaws with other measures of LTL profitability
Phased reopenings around the world haven’t squelched demand for chartered services.
As U.S. weekly carloads have trended lower for months, rail industry stakeholders discuss how to relieve the railcar supply glut.
Company one of 12 airline contractors under loan scrutiny.
Federal prosecutors have recommended a 27-month prison sentence for Anthony Levandowski, the former head of Uber’s self-driving division, as well as three years of supervised release.
Coast Guard setting restrictions at South Florida ports. Tropical storm conditions are likely this weekend.
FHWA has awarded a contract for a platooning study, Schneider could be looking at an acquisition and UPS has an earnings surprise.
The FAA recently gave Pemco Conversions approval to convert 737 passenger jets into freighters, with the added flexibility of carrying pallets and passengers in the main cabin area at the same time.
A small trucking company and a logistics firm filed for Chapter 7 bankruptcy protection in late July.
Amazon cautions that the company is running out of fulfillment and delivery capacity.
Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.
The important barometer is down about 10 percentage points on decline in XPO LTL revenue that outstripped cutbacks in expenses.
On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million.
Amazon reported strong second-quarter revenue and profits as it benefited from the rapid acceleration in e-commerce demand due to efforts to control the spread of the novel coronavirus.
A critique of state and federal AV safety standards and an Uber mea culpa shaped a panel discussion on lessons learned from the high-profile Uber crash that took place in 2018 in Tempe, Arizona.
Jacksonville, Florida, port this week also welcomed the largest LNG-powered ro-ro vessel on its maiden voyage to the United States.
Michael Vincent and Zach Strickland look ahead to August with a freight market preview.
Improving demand and truckload fundamentals are expected to drive third-quarter growth. The carrier’s growing cash balance garners some attention.
Whenever there’s a transaction in the supply chain, there’s an invoice. And a lot of those invoices get processed by US Bank, which has long had a large amount of […]
WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.
The railroad aims to take market share away from trucks through expanded offerings in the Southwestern and Southeastern U.S.
Project considered critical to developing federal safety standards and guidelines.
In the Carrier Update presented by PowerFleet, Zach Strickland notes that capacity is tightening along the coasts, and in the Shipper Update, Anthony Smith looks at GDP and the latest […]
“Teamwork and training” led to the successful rescue, according to a Coast Guard official.
“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.
LTL carrier’s earnings per share beat Wall Street estimates even as revenue was mostly flat with consensus.
DHL located a new life sciences warehouse in Indianapolis because the city has many pharmaceutical companies in the area.
Dana followed other Tier 1 suppliers in reporting a big cash burn to offset second-quarter plant idlings. But the maker of driveline and electrification systems exited with solid reserves.
Brazilian startup aims to provide tools for freight forwarders to create and maintain partnerships.
The funding will be for capital and maintenance projects in eight states.
UPS pilots are seeking protections from aggressive health safety measures in Hong Kong but aren’t going as far as their counterparts at FedEx.
Coast Guard setting restrictions at south Florida ports ahead of possible tropical storm landfall.
In today’s edition of The Daily Dash, second-quarter earnings are coming fast and furious, and if you are looking to them for definitive answers on the economy, you might be disappointed. Plus, how hackable are ELDs and why is diesel engine maker Cummins so interested in hydrogen?
UPS’ quarterly results are much better than analysts anticipated.
A truck driver was awarded nearly $8 million in California after his leg was partially amputated following a forklift mishap.
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
Kentucky lumber processor filed for bankruptcy, leaving several flatbed carriers in the lurch for thousands in unpaid freight bills.
A warning last week from federal law enforcement on the cybersecurity risks associated with electronic logging devices (ELDs) has raised awareness in the trucking industry on the potential costs of getting hacked.
Law outlines penalties of up to $20,000 per day for noncompliance.
Accelerated depreciation of the value of its inventory has been a key financial undertaking this year, and is a topic of discussion on the company’s earnings call with analysts.
Werner Enterprises reports second-quarter earnings well ahead of analysts’ forecasts and largely in line with the year-ago quarter.
The export plant employs 2,000 workers and makes electronic parts used in vehicles manufactured by Chrysler, General Motors, Ford and others.
Rickenbacker Airport, a low-hassle alternative to some big airports, set cargo records in June handling COVID supplies.
New data reveals just how far ship orders have sunk. The fewer ships ordered, the higher future rates could climb.
“It is paramount that we see progress with crew changeovers,” says The Mission to Seafarers.
GlobalTranz is now offering a Final Mile solution for shippers looking to manage delivery of product to end customers.
Want to build your brand on social media and capitalize on sales? Morning Brew’s Toby Howell shares key’s to success.
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
Layoffs and salary cuts helped commercial vehicle driveline supplier Meritor ease the impact of the coronavirus pandemic. But sales, profits and cash took a big hit in fiscal Q3.
Incident happened Wednesday morning in Tempe, Arizona.
Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.
Saia Inc. has a market capitalization of $3.33 billion and has 169 trucking terminals in 44 states.
Net income was hit by an earlier writedown of its used vehicle values; company doesn’t see that market getting back to pre-pandemic levels until 2022
FedEx pilots say they face risks to their safety, well-being and mental health in Hong Kong, where they must submit to aggressive quarantine procedures.
Trailer builder Wabash National kept the business impact of COVID-19 to a minimum in the second quarter. It even paid back money it borrowed and maintained its dividend.
FourKites has officially released its Dynamic Yard product, a combination of yard management tools acquired earlier this year with its own visibility platform, to provide shipment visibility from yard to end customer.
Autonomous vehicle (AV) companies are emerging from a tumultuous period defined by layoffs, delayed timelines and consolidations, but the industry remains hamstrung by lack of physical and digital infrastructure, a […]
Boeing commercial aircraft deliveries fell by more than half over the past six months, compared to the same period last year.
Second-quarter rail volumes fall by 26%.
U.S. Coast Guard starting to shut down commercial traffic at Caribbean ports due to a tropical system.
ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.
