News

Digital freight brokerage Transfix laid off about 10% of its staff on Tuesday

COVID-19 pandemic challenges American seed producers to secure airfreight capacity to meet spring planting.

Mayor Eric Garcetti grateful for “lifesaving purchase agreement” with Honeywell.

Resilience360 recently released reports analyzing the impact of COVID-19 on trade between the United States, Canada and Mexico.

Uncertainty beyond loss-making second quarter concerns Daimler leaders, though robust supply chain and cash position suggest fast production ramp-up when economy recovers

Trucking Freight Futures were lower across the board for a fifth consecutive session on Tuesday, as freight volumes and the uncertainty of economic recovery weighed on the market causing the spot National contract to fall 0.74% and close at $1.339 per mile.

The cuts to train starts are part of the railroad’s wider objective to implement precision scheduled railroading.

Accelerated depreciation it set at a “trough” level from 2002

Industry sage Martin Stopford dives deep into the future of global trade.

“We’ve definitely seen things coming back,” Energy Transportation CEO says as a key measure of truckload volumes in Canada rises 27% over two weeks on FreightWaves’ SONAR platform.

Saia’s first quarter performance placed its recent terminal expansion campaign on full display. Unfortunately, COVID-19 headwinds will mask near-term results.

The new tracking system allows real-time monitoring of transported goods across a variety of markets including food & beverage, pharmaceuticals and micro-mobility.

Secondary airports are increasingly being used by all-cargo carriers supporting the government’s coronavirus logistics mission.

Zach Strickland dives into the northwestern markets rising in volume in the Carrier Update presented by PowerFleet, then Anthony Smith and Andrew Cox discuss first-quarter GDP numbers in the Shipper […]

FourKites has introduced an interactive map that tracks congestion and delays at border crossings and ports around the world while DriverReach and Trucker Tools have added solutions aimed at improving driver efficiency.

Severe thunderstorms could briefly delay freight flows today across Southeast, including top-volume Atlanta market.

In this new report transportation analytics company INRIX analyzed billions of anonymous location-based data points to understand the impact that COVID-19 is having on freight movement across the U.S.

Small fleets file for Chapter 7 bankruptcy in April

Darren Prokop explores the reasons for the huge drop in oil prices and what the ramifications are because of the drop.

Like other railroads, Norfolk Southern is feeling the effect of lower rail volumes because of the coronavirus pandemic.

Saia’s multi-year terminal expansion project drives earnings results well ahead of expectations.

Virgin Atlantic has an extensive cargo network using passenger aircraft that are flying without passengers.

Ford has invested $500 million in Rivian and participated in the startup’s $1.3 billion investment raise in 2019.

Resilience360 recently released reports analyzing the impact of COVID-19 on trade between the United States, Canada and Mexico.

Terms shorten to 3-4 years from 5-7 years.

Favorable customer mix to make Werner’s truckload model a little more defensive through the downturn.

The move comes as companies race to ramp up last-mile delivery in wake of coronavirus pandemic

Distribution patterns expected to change in post-coronavirus world.

The second quarter could finish with a bang for trucking stocks.

Werner believes its consumer-heavy shipper base will allow the company to ‘more effectively manage through’ the downturn.

NAST margins were squeezed to 13.19%.

Airlines fly people, they don’t make things. Guess again. Delta is making portable human pods for the military and, along with American Airlines, is making face shields.

Regulatory guidance is expected to be significant to American shippers facing container availability charges from carriers and marine terminals during COVID-19 pandemic.

Cummins saw a tough environment for most of its segments in 2020 before the word pandemic became common. Now it is depending on its collective experience in managing bad times to pull it through again.

Savvy shippers and carriers need to be able to take advantage of new technology and information quickly and easily to ensure they are remaining competitive during these volatile times.

Hong Kong-based shipping line says first-quarter volume was down less than half a percent despite pandemic.

UPS faces economic and other challenges in the wake of COVID-19.

Trucking Freight Futures were lower across the board for a fourth consecutive session on Monday, as freight volumes and the uncertainty of economic recovery weighed on the market, causing the spot National contract to finish down $0.01, or 0.74%, to $1.349 per mile.

Retail impacts, earnings, and SONAR powered freight flows highlight today’s Coronavirus Freight Market Update

Maker of AI-powered suitcase ramps up intelligent robotics warehousing solutions.

Comparisons to other recent declines show a much slower slide at the pump.

Judge gives Maersk go-ahead to jump ship from GCT terminal in Staten Island.

Southwest Airlines is not used to losing money in any quarter or full year, but that will change in 2020.

The effect that the coronavirus pandemic is having on rail volumes could get worse in the coming weeks before things get better, according to executives.

“Transplace’s customers expect us to dig in and do the research that matters most to their business, and we deliver,” said Transplace Vice President of International Services Mollie Bailey.

Covenant continues to reshape the company in efforts to better focus on contract logistics and improve its financial structure.

Severe storms could slow down truckers tonight from key freight market of Dallas to near Chicago.

Canadian carrier Day & Ross is testing a hydrogen-injection engine technology that is said to reduce emissions. Plus, New York City is closing roads, ecommerce booms, and USMCA trade deal delayed

Revenue and profits look bleak for second quarter, but leading engine maker Cummins surprised analysts with better-than-expected first-quarter revenue and profits.

John Hagi of AIT Worldwide Logistics addresses the enduring impacts COVID-19 will have on last-mile delivery services.

Drones have taken on added importance with the coronavirus pandemic, offering ways to do tasks faster and without dangerous physical contact.

The smallest of the standardized ocean containers in the global fleet remains ideal for dense, heavy agricultural goods, forest products, and machinery shipments.

If it flies, it can be a cargo plane for coronavirus relief missions. Planes are being put to unconventional uses to support the coronavirus response, including cargo-only passenger aircraft with boxes in the seats or on the floor and heavylift cargo planes used by aircraft manufacturers to move wings and other aircraft sections.

78% of truck drivers posted positive comments regarding their morale, with many thanking carriers for supporting them, in the latest sign that carriers are effectively supporting their drivers.

Charging-as-a-service startup AMPLY Power raised $13.2 million from institutional investors Soros Fund Management and Siemens USA as it expands electric infrastructure management to commercial trucking from transit buses

The railway managed to boost its first-quarter net income despite the February rail blockades and the COVID-19 pandemic.

Global freight forwarder attributes most of the 23.2% year-over-year first-quarter earnings drop to impact of COVID-19 pandemic .

North American railroad leaders believe that the industry is resilient and have reported ongoing demand for rail services.

As states begin to reopen their economies, leading retail trade groups urge the opening of all distribution centers and implementation of a three-phase reopening strategy.

Employees will test devices that vibrate when wearers come too close to protect them from coronavirus infection.

Dooner and The Dude are talking about a first quarter that may have been even worse without the coronavirus, the uphill battle many retailers face when reopening, and we’ll highlight some of the great things companies have been doing to pay it forward.

Refined-product tankers join crude tankers in era of epic earnings.

For a third straight session on Friday, Trucking Freight Futures were lower across the board, capping one of the worst weekly performances since the contracts began trading, as volume concerns weighed on the market.

Zach Strickland dives into volumes becoming slightly higher week over week in the Carrier Update presented by PowerFleet, Luke Falasca examines where reefer volumes are holding steady in the Broker […]

Agency wants state agencies to step up enforcement of CDL and CLP holders.

The COVID-19 pandemic has created the need for social distancing, even while working. For the freight industry, the adoption of autonomous vehicles might be a good start.

Service contract negotiations between container carriers and shippers are being disrupted by the COVID-19 pandemic, the U.S. Federal Maritime Commission says.

An electric fuel heater in some Cummins’ diesel engines that can overheat and catch fire led Navistar to recall about 50,000 trucks and buses.

C.R. England has continued the tradition of its One Initiative, announcing it has not donated more than four million meals to food banks since 2018. Plus, New York truckers face longer wait times, Tyson Foods warns to meat shortages and retailers push for uniform reopening plans.

Impending severe storms could slow down truckers from Plains to Midwest, including key Dallas freight market.

A CFO, government affairs VP and two life science sales directors are hired and a Florida Customs Brokers & Forwarders Association board appointment is announced.

There are more ways to help businesses struggling during the coronavirus crisis than loans and direct payments. The Australian government has operationalized an international airfreight support program to restore supply chains for perishables that were broken by the pandemic, threatening to kill business for many exporters.

President Donald Trump’s April 18 executive order aims to provide additional economic support for supply chains and manufacturers during the pandemic.

Moseley Marcinak review some legal trucking issues arising from COVID-10.

The frustration of 300 million people is bound to show with regards to this virus shutdown. This week, the media began showing a small subset of people protesting the shutdown and showing disregard towards the Country’s safe distancing protocols. If these businesspeople and workers show disregard during a protest, what will their protocols be when they reopen their businesses? In every business situation we need to measure Risk vs Reward, but usually, the risks are confined to your business, not the total U.S. business.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nuvocargo raises $5.3 million for cross-border freight operations; Nogales importers donate free produce to the community; cargo at Mexico’s seaports decline during the first quarter; CBP seizes 352 pounds of marijuana at Santa Teresa port of entry.

Many expected a worse outcome for carriers in March as a result of the COVID-19 outbreak. Ironically, the pandemic may have padded some 1Q results.

As a plunge in freight volumes and rates take a toll, Canada’s trucking industry seeks relief on payroll taxes to hold on to precious cash.

Drury Hotels is offering hotel rooms for $59 for truck drivers, including two meals, at its 150 locations during the coronavirus outbreak.

Volumes up slightly week-over-week

Trump signs bill carving out $60 billion in loans specifically for smaller community-based lenders.

Hungry truckers greeted with pizza upon arrival at Chattanooga-area welcome centers.

FAA cuts tower hours for air traffic control, but airports should continue to function smoothly.

IHS Markit’s Paul Bingham predicts sustained 2020 weakness and higher long-term costs.

Dooner and The Dude are talking about the conflict between truckers and brokers as they battle for dollars in a bottoming spot market.

The 12 members of Reopen Jacksonville will advise the Florida city’s mayor on the easing of stay-at-home restrictions put in place to slow the spread of the coronavirus.

Companies across the Lone Star State have made another wave of job cuts with 3,000 more workers losing their jobs.

It was down session for Trucking Freight Futures as the market fell across the board for the second consecutive day on Thursday with the spot National contract down 0.9% to $1.367 per mile, driven lower by pressure in the East.

Delta Air Lines officials believe they have the reputation for customer service, reliability, and brand experience that will carry them through the pandemic. Now, they are making hard choices about the future.

Triple the number of vessels at anchorage increases risk of oil spill.

After enormous drops, the data is pointing green.

Farms of major row crops like tomatoes or potatoes are usually highly mechanized and could escape the wrath of COVID-19.

Southern California heat wave will keep reefer drivers on their toes this weekend.

“There’s a growing understanding of the importance of them, the agility of them and how they help service communities.”

FreightWaves LIVE @ HOME will still feature the rapid fire demonstrations that FreightWaves events are known for.

Revenue per hundredweight is suffering as a result: CFO

“More work to do” as FMCSA closes in on 900,000 total registrants.

Daimler AG revealed difficult first-quarter results, removing mystery from next week’s earnings report, which shows all segments struggling, including its truck manufacturing business.

“I believe that the speed you were going and how you maneuvered the truck saved my life.”

While suffering a significant drop in cargo volume during the coronavirus pandemic, the seaport stands “ready to help position America’s industries for future success,” says Executive Director Gene Seroka.