Freight Futures daily curve: 4/9
Trucking Freight Futures continued to move in a narrow range for the second consecutive session on Wednesday as the spot National contract settled at $1.399/mile.
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Trucking Freight Futures continued to move in a narrow range for the second consecutive session on Wednesday as the spot National contract settled at $1.399/mile.
The coronavirus impact on unemployment, an investigative report on TQL’s layoffs, more.
Carriers give back pricing power as volumes and rejections rates plummet. Spot rates are negative week-over-week for 95% of lanes from Truckstop.com.
Morgan Stanley survey shows coronavirus disruption is accelerating for carriers, shippers and brokers, but the height of the disruption may be closer than some may think.
Americans are taking to their laptops instead of heading to the mall, and legacy retailers are facing the pressure to adapt to the times.
WTO expects global trade to sink by at least 13% this year; oil demand are down 50% year-on-year; economists expect 25% decline in U.S. GDP in Q2.
TrueNorth, a carrier and software service for independent truckers announced a $3 million raise this week
Retail coalition cautions federal government about potential dangers to easing restrictions on Interstates.
Host John Kingston also looks at the signs of a big drop in diesel demand.
Activist investor Barna Capital seeks to swap out YRC Worldwide board members and make non-executive level changes in management.
Truck drivers are ALWAYS important – no more so than now. Read ways that truckers can stay safer and healthier.
Potential blizzard conditions Easter Sunday and Monday could delay freight flows from the Rockies to the Great Lakes.
Businesses around the world are being affected by the pandemic. Among the hardest hit are startups. Brian Aoaeh offers advice for tech startups in the supply chain space.
Cargo X is Brazil’s largest digital freight marketplace, connecting about 20,000 carriers and their 400,000 truckers with freight.
Virginia opens up scales to parking The Hours of Service (HOS) waiver handed down by the Federal Motor Carrier Safety Administration (FMCSA) last month at the start of the COVID-19 […]
North American rail volumes last week were approaching levels normally seen during Christmas and New Year’s, according to the Association of American Railroads.
Current and former TQL workers fearful, angry in wake of mass firings
Sales of commercial trucks in Mexico fell 46.8% in March, according to Mexico’s National Association of Manufacturers of Buses, Trucks and Tractor-trucks
The impact of COVID-19 on insurance costs is still unknown, but policies for many fleets may not cover losses due to a loss of business.
The three countries to keep an eye on: U.S., Saudi Arabia and Russia.
Coronavirus and tariffs blamed for lowest total in more than a decade.
Amazon Shipping, has been put on hold, overtaken by unprecedented life-or-death events
While FEMA is working to airlift medical supplies from international sources, the White House doesn’t want to share equipment with other countries that may be in need. But don’t blame logistics providers like FedEx, which are executing on their logistics contracts.
Cargo flows face worst hit in a century but have potential to bounce back fast.
While transportation industry participants have an abundance of questions loaded for management teams this earnings season, answers on the future will be tough to provide.
The “logistics orchestration” startup closes out a yearlong fundraising process at the height of the coronavirus pandemic.
But some of the rules are tricky, though the terms might be easy.
Truck drivers would be eligible for COVID-19 “pandemic premium pay” under the proposal.
Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.
Trucking Freight Futures are relatively unchanged as a normal trading pattern returns on Tuesday.
Written by a trucker (me) to tell the world what is going on (out here) on the road.
Canada’s Aleafia Health aims to minimize risks to its older patients and ensure steady supply by launching final-mile service.
A report from Boston Consulting Group suggests that the Class I railroads must look beyond precision scheduled railroading and operating ratios if the industry wants to be a competitive transportation mode.
Heavy rainfall next two days could delay freight flow in Southern California, including major market of Ontario.
Transporting grain is a major source of revenue for the railroads. How will the coronavirus impact the grain market and the railroads?
Shippo is a next-generation shipping platform for ecommerce businesses, helping them provide their end consumers with an exceptional shipping experience.
New CEO named to lead Alabama State Port Authority and senior VP appointed to head Latin American sales.
UPS offers companies a full suite of supply chain services. They can pick what they need or get a turnkey solution. Now the third-party logistics provider is playing the same role for FEMA.
No collapse yet for ocean container spot rates. In fact, they’re up.
More funds for loans could help protect small and midsize carriers from layoffs.
World Shipping Council issues reminder that seafarers are the backbone of international supply chains.
Tough times call for drastic measures and Lufthansa sees the writing on the economic wall. It’s wasting no time shrinking for a smaller future.
California continues to enforce trucking-related emissions laws during the coronavirus outbreak, but regulators postpone public hearings on new rulemaking.
Plunging demand on land has yet to be fully felt by ocean shipping
On this episode: Knight-Swift President and CEO David Jackson – TruckStop.com’s COO Trent Broberg – and market experts Andrew Cox, Zach Strickland, and Anthony Smith
Continued drop in cross-border truck traffic mirrors broad decline in Canadian freight as COVID-19 crushes demand for nonessential goods.
The Insurance Institute for Highway Safety began recognizing major trailer makers three years ago for improving rear-end underride crash protection. Now a smaller trailer maker is joining them.
“The coronavirus is delivering a shock to the supply chain,” said port chief Mario Cordero.
Coalition says legislation would help ensure flow of new drivers.
Even with a better-than-expected fiscal second quarter, Greenbrier invokes several measures to protect its workers and the “viability of the enterprise.”
In the times of COVID-19, logistics companies are stepping up to help the industry in ways they can.
Spot National Trucking Freight Futures opened flat on Monday as the Atlanta to Philadelphia lane weighed on the East region.
A bipartisan group of Congressional lawmakers are asking rail transit agencies to order safety and health guidelines that would prevent the spread of the novel coronavirus.
For some essential goods providers, the rush has meant booking full truckload without enough freight to fill the truck.
Members of the Washington, D.C.-based National Customs Brokers and Forwarders Association of America interviewed by American Shipper this week generally praised CBP for permitting the flow of legitimate trade across the continent.
Leveraging data is the key to identifying supply chain transportation opportunities.
For the second time in a year, Port Laredo again ranks first among the nation’s more than 450 airports, seaports and border crossings.
Heavy snow, flooding rain could delay freight flows in southern California, including major market of Ontario.
New Hampshire’s rest stops are open for parking, vending and bathroom facilities, according to a spokeswoman for the state’s Department of Transportation. Clarifying news reports that could have been interpreted […]
C.H. Robinson has made a $50,000 donation to the St. Christopher Truckers Relief Fund as that organization anticipates a growing need for financial assistance for drivers that contract coronavirus. Plus, Cummins finds a use for filtration materials, Amazon postpones Prime Day, and car makers extend plant shutdowns.
Boeing waited much longer to close its South Carolina plant than ones in Washington. Airbus has closed more facilities, while others continue to operate.
TrueNorth’s Cook sees low returns, premium income dropping and more “selectivity” from underwriters.
Airlines are bleeding money, but a requirement that they give cash refunds for canceled flights could make things worse. Airlines are cutting more of their domestic networks to save money.
The U.S. Federal Maritime Commission said there has been no shortage of container-shipping industry members willing to participate in its initiative to identify ways to overcome supply chain obstacles caused by the coronavirus pandemic.
Economic indicators include lower cross-border trade, layoffs, rising unemployment and shutdowns of borderland manufacturing plants, panelists said Friday during an online forum hosted by the Center for Inter-American Border Studies at the University of Texas at El Paso.
Einride remote operator controls multiple autonomous trucks at the same time
“We anticipate an above-average probability for major hurricanes making landfall along the continental United States coastline.”
Cummins could provide feedstock to make several million N95 masks a month by leveraging the same nano-material it uses to stop the fouling of diesel truck engines to protect healthcare workers tending to coronavirus patients.
But many sellers still in the lurch as the e-giant limits shipments to essential products
VC funding has evaporated, wooing new customers is extremely difficult and existing customers’ focus has changed.
Alaska Airlines is supporting the 100 Million Mask Challenge with its freighter capacity.
The partnership will produce remote tools that will enable railcar owners and operators to know where their cars are and what is their mileage and cargo capacity.
Passenger aircraft are being used to fly essential cargo between continents. Learn more about what the airlines are doing to survive and to assist key supply chains.
On today’s episode, Dooner and The Dude are talking about the many ways that companies and individuals are stepping up to #thankatrucker.
It was another strong week for Trucking Freight Futures as the April contracts “roll” to the new spot month.
We are in the middle of something we have never seen before. Trucking business owners should be seeking out conversations and relationships that can lead to business transformation, wealth preservation, and peace of mind as they consider what do to next.
Also: Arkansas doesn’t spell out trucks but it looks pretty clear.
Feds okay food trucks while Arizona opens long-shuttered highway facilities.
While the rearview mirror is crystal clear for all to debate, I always point out that we often get the “test before the lesson” in business, politics and life. This is no different. If the silent majority remains diligent and follows the guidance of the scientific community, we will prevail. Leaders, we do not need to place blame, we need solidarity to help this great country overcome this crisis. “Through difficulty comes opportunity”, and while that seems a long way away, the trucking business has a bunch of tough people, and I’m proud to call you my friends. Keep truckin’ safely.
Improperly lubricated steering axles resulting in two equipment recalls by Meritor Inc. leads to callback of 1,532 Freightliner trucks following Navistar reporting similar issue in 2019.
Carriers slash even more ocean services in bid to prop up rates as demand crumbles.
The Trump administration is working to accelerate deliveries of medical supplies from overseas to address shortages at healthcare facilities around the U.S., but doesn’t want American companies to export any protective gear to other countries.
In these trying times, regulatory compliance can’t be an afterthought. Failure to follow the rules – and the number of exemptions currently being issued makes that even more challenging – jeopardizes the fleet’s viability.
Capacity remains tight out west where snowstorms could delay freight flows.
FreightWaves SONAR has new features to help subscribers gain more insight and clarity during the COVID-19 pandemic.
COVID-19 is driving change in industry that highlights a new way businesses may operate going forward. Plus, air cargo companies accused of jacking rates, warehouse hiring rises and trucking’s image is getting a makeover.
The new orders require “higher-risk key trains” to slow down their speed in the wintertime.
Sharp Transportation Systems keeps Americans and Canadians supplied with essential medicines and vaccines as tensions mount over cross-border medical supply chains.
Truckstop.com, the leading Platform-as-a-Service provider for the trucking industry and FreightWaves, the leading provider of trucking news and analytics, are partnering to provide resources to transportation providers responding to relief projects and supply chain distributions.
From President Trump’s Twitter handle to free roadside lunches and children’s Crayola posters, the nation adores truckers hauling groceries and medical supplies during the coronavirus pandemic. Will the good feelings last?
Offers include one-month free Truckstop.com and FreightWaves SONAR
Engine maker Cummins held out longer than most suppliers against the growing coronavirus pandemic, but next week it will idle three plants in southern Indiana.
Qatar Airways has deployed more full freighters and passenger aircraft in cargo mode to multiple markets, including India.
TruckPark has added a telemedicine resource within its truck-parking app, giving drivers access to doctors via text or videoconferencing.
Without a doubt, our world is changing quickly. Not by the year, month, or week, but by the day and in many cases by the hour. Really, it seems its that quick. Whether its coming from the national news, local news, industry rags, customers, employees or simply your own mind, it seems as though everything is changing very rapidly.
The Justice Department said joint logistics operations among five American medical supply distributors to provide protective medical gear to virus hot spots does not violate antitrust law.
Cheez-Its, chocolate, candy among top imports from Mexico during pandemic; CBP stops wood-munching pests from entering Port Houston; $4.2 million of cocaine seized at border patrol checkpoint; and trucking services firm Liftit expands operations in Mexico.
Even as freight volumes surged to record levels in March, drivers spent less time driving.
Consultants, used to going onsite to perform their work, are now tasked with providing assessments without travel to a customer’s facility.
The clear difference between contract and spot rates.