News

Trucking Freight Futures prices continued to tumble and were lower across the board for a sixth consecutive session on Wednesday as the spot National contract closed lower to $1.329 per mile.

International association of forwarders says members have tools and knowledge to ease container-shipping pain of the COVID-19 pandemic.

Manufacturing supply chains in for prolonged distress; U.S. oil rates in limbo; global air cargo facing severe capacity crunch.

A better than expected first quarter yields to expectations that a recovery may not occur until June. Some of Schneider’s customers are starting up again, but demand in May will likely be choppy.

While others have seen a decline in shipments, April held firm: CEO

Orbcomm operates in transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government.

Schneider Logistics is seeking to smooth and expedite the process for paying carrier partners by pairing TriumphPay’s payment solutions with Transflo’s document management tools.

American is slashing expenses, but not fast enough to stop big profit losses. Here are the details on its first quarter and what it expects going forward.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  On Friday, April 17, FreightWaves ran my Commentary: […]

Supplies from FEMA follow calls by industry and lawmakers for more COVID-19 protection.

Several inches of rainfall could temporarily flood parts of the Northeast, including three key freight markets.

Schneider reports TL volumes are down upper single-digit percentages in late April, but notes that some of its customers shutdown by COVID-19 are set to come back online.

Even though the EPA has relaxed some reporting requirements, trucking fleets that cut corners on environmental regulations could face large penalties for non-compliance.

Fewer brokers and more engineers make operating costs less flexible, and we question the “take market share” mantra.

The effects of the COVID-19 pandemic, as well as the structural decline in U.S. coal consumption, are pulling rail volumes downward.

International organizations calling for show of solidarity as well as recognition of COVID-19 as occupational disease.

Business leaders argue the coronavirus pandemic has diverted resources needed to ensure a smooth transition from the previous North American Free Trade Agreement (NAFTA) to the United States-Mexico-Canada Agreement (USMCA).

Boeing took a big loss in the first quarter and the rest of the year doesn’t bode better for a company plagued by ongoing technical problems with key products, and now facing little demand for aircraft.

Even as businesses have shut down, traffic data from Inrix showed that, as of April 17, 87% of all truck vehicle miles were still being driven.

Regulatory credit sales and streamlined operations helped drive the electric vehicle maker to its third consecutive quarterly profit; CEO Elon Musk rages against the coronavirus lockdown

“Helping people out when they’re in trouble is more important than getting a load in on time.”

Trump and Republicans at odds over using pandemic as bridge to transportation funding.

Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.

Updated rule, if adopted, means at least 30% of all tractor trailers sold in California would have to be zero emission by 2030

Alaska Airlines may be late to the party when it comes to using passenger aircraft as freighters, but it wants to be an early adopter of using passenger seats for storage.

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.