News

ArcBest sees “one of the best first quarters” in company history, but COVID-19-related demand headwinds took a toll on April’s results.

API integrations with shippers and carrier density were key.

Cargo in the hold, in the storage bins, under seats, on top of seats and with the seats removed. It’s all happening. And now some airlines are doing infill cargo with some seats removed.

In a transformational partnership for a growth-stage company, Platform Science will embed connectivity software at the factory in Daimler Trucks beginning in 2021.

XPO Logistics Inc. (NYSE: XPO) on Monday reported first-quarter revenue of $3.86 billion, down from $4.12 billion in the first quarter of 2019, as the COVID-19 pandemic in mid-March derailed […]

The family of a Wyoming man killed in a head-on tractor-trailer crash has filed a wrongful death lawsuit against the driver and trucking company

Three former competitors’ collaboration had drawn criticism from the World Shipping Council and International Longshoremen’s Association.

The railcar lessor is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile crude oil market.

Trump says meeting with administration officials “will work out well.”

FreightWaves LIVE @home is coming up May 5-7 and on this episode we preview THE virtual event to define our industry.

New data from eeSea reveals that U.S. ports will see capacity plunge by up to 20% this month.

Freight Futures data to watch today: May “spot” month settlement prices Friday marked the first trading session for the May “spot” month Trucking Freight Futures contracts. The spot National contract […]

Leto discusses the benefits of opening the economy sooner rather than later.

Long-dormant power was seen as a tool to boost prices

Some national chapters are offering memberships to those working at sea during the coronavirus pandemic.

Multimillion-dollar backlog will help the rail equipment and locomotive manufacturer stay afloat, executives said.

U.S. Federal Maritime Commission asks lawmakers to consider “financial bridge” to help container terminals make their lease payments.

Air Canada is trying to navigate the darkest period in aviation history through cost cuts, financing and new cargo operations.

The COVID-19 pandemic dented volume growth in the first quarter for the privately owned railroad.

Volkswagen truck holding company Traton Group urges a Euro-style “cash for clunkers” program to boost new truck purchases following lower first-quarter sales, profits and orders.

Continental is shutting down its Roadlog ELD service, as of Aug. 14. Plus, FreightWAVES LIVE@HOME is one day away, Trump pushes severing of supply chain from China, and Walmart launches two-hour delivery.

Severe thunderstorms, flash flooding could disrupt freight flows today from Texas to Tennessee.

United Airlines is steeling itself for a worst-case scenario that leisure and business travelers will not resume flying anytime soon, even with coronavirus restrictions lifted.

Like all industries, the coronavirus has impacted railroads. What should they be doing to gain market share and better serve their customers?

Flexport CTO James Chen articulates his vision of the future of global trade technology.

Chief marketing officer, service center manager and executive vice president are named.

Plummeting prices make ExxonMobil’s fuel system-friendly diesel formulation that eliminates additives and reduces NOx emissions a better deal.

Celadon Group says White Willow Holdings made the most viable offer for its Mexico trucking and logistics subsidiaries after a proposed sale to P.A.M. for $7 million fell apart, according to court filing.

The agencies’ report, which uses findings from Sandia National Laboratories, says a crude oil’s vapor pressure shouldn’t factor into deciding whether certain types of crude oil can be transported via rail.

We are bearing witness to today’s trucker as the backbone of our nation’s supply chain, staying the course during this turbulent time and supplying our essential needs through product deliveries every day. While the public has a newfound appreciation of truck drivers and those that support them inside the business, there are pockets of concern in the trucking industry. While many are thanking drivers at #KnightsoftheRoad and #ThankaTrucker for their dedication to their job, and their willingness to perform their duties as an essential worker, there are other mounting problems.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Trucking schools see demand surge during coronavirus; $11.5 million drug bust at Laredo’s World Trade Bridge; cargo theft of trucks in Mexico up 25% during pandemic; Arizona fast-tracks project to expand truck parking on Interstate 40.

Chinese imports have fully recovered. Does this mean the domestic trucking market will see a similar outcome?

Refiners made lots of it and now U.S. inventories are historically high

Cancer advocate reminds truckers that May is Melanoma Awareness Month

Green shoots for volumes but not tender rejections

FreightWaves LIVE @ HOME will still feature the rapid fire demonstrations that FreightWaves events are known for, giving companies across the industry a chance to showcase their most innovative products.

The rate debate rages on between brokers and truckers, Mayday protests in transportation, Ingrid Brown, and more

Thursday’s session was the last trading session for the April Trucking Freight Futures contracts, and prices were lower across the board for a seventh consecutive session as the spot National contract finished down 0.7% to close at $1.320 per mile.

The board hopes the decisions will clarify the controversial practice for stakeholders.

United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.

Less than six months after he was hired, turnaround veteran Jon Pertchik refashions the travel plaza and truck stop business with an emphasis on getting costs in line with spending.

Company reports 30% plunge in revenue during month, but CEO Tim Phillips hopes the resumption of auto and heavy truck plants will bring some relief this month.

Trump appointee reaches out to ‘Mayday’ trucker to set up possible meeting

Online shopping surge, coronavirus breed new e-commerce alliances

The global pandemic offers industry players the chance to trade competition for collaboration and disrupt the status quo.

Airlines have suffered mightily from the loss of passenger traffic as a result of the pandemic. But there also has been a demand for their services to move freight, including […]

Shippers and forwarders will be cautious with how much cargo they commit to the ocean container carriers this contract season, industry experts say.

Plus: Red Roof hotel offers trucker day rate; a Beijing to Berlin convoy

Dan Cushman retiring after 11 years as the head of P.A.M. Transportation. The search is underway for a permanent replacement.

Anger mounts among small-business truckers as they protest low rates amid COVID-19 pandemic

“So All Forward not only gives us access to rates, but it gives us the platform to get opportunities,” said Derek Scarborough of Global Logistical Connections Inc.

COVID-19 can accelerate many existing but slow-moving trends in the industry as it has forced changes in behavior and altered industry priorities.

Weekend weather may delay loads heading into Seattle, Portland, Medford markets.

Zach and Anthony review some of the latest company earnings and a major economic releases which have yet to reveal the full story of the COVID-19 impact on the freight economy.

“Each morning at 6:00 a.m., Chris Hoisington at Kraft Heinz receives an emailed report detailing everyone who touched the forklift on the previous day.”

Magnus Technologies offers a solution that can run the entirety of a trucking fleet’s business operations over a single platform.

Shippers may feel like they are being pulled in two different directions when it comes to dedicated fleet solutions.

Trimble is adding an alert service to its navigation and routing apps to notify drivers when speeds are reduced up ahead due to work zones or other incidents.

Hub Group’s first quarter miss included several one-off expenses unlikely to recur. However, volume headwinds are expected to persist in the near-term.

Watchdog report lists “priority issues” requiring agency attention.

Several steps being taken will affect the supply chain

ULH withdraws 2020 outlook and suspends dividends after slowdowns in retail and manufacturing weigh on first-quarter financial results.

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.

A family-owned Massachusetts trucking company fell victim to a ransomware attack

The logistics sector specializes in figuring out creative solutions to transportation and trade impediments, and a pandemic is the ultimate test. Check out what DB Schenker and Airbus are doing to increase airfreight capacity.

From slashing salaries to borrowing money to get to the other side of the COVID-19 pandemic, suppliers Meritor and Dana are keeping electrification programs on track while slowly restarting production.

The DHL Supply Chain Pricing Power Index fell another 5 points this week to its lowest total in series history. Volumes are beginning to come back to life, but capacity remains historically loose and spot rates are extremely low.

CEO blasts what he calls the statements of “some snake oil salesmen”

The drop in North American rail traffic could push railcar leasing rates lower.

Liners could scrape bottom over next two months, then recover.

On today’s Coronavirus Freight Market Update, Michael Vincent and Kevin Hill will be talking about the economic impact that COVID-19 is having on freight and the transportation industry. They’ll cover […]

The autonomous trucking outfit has so far avoided the economic carnage that has hit other startups in the self-driving industry

Combined transportation and logistics powerhouse grows gross profit despite impact from COVID-19.

FreightWaves has partnered with Overhaul, a SaaS platform for real-time supply chain visibility and risk management, to produce a white paper that provides pharmaceutical shippers with information on the threats to look out for and steps to mitigate risk.

Reefer is a hot trucking segment, but jumping in without considering proper insurance could freeze you in your path.

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.