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On today’s Coronavirus Freight Market Update, we run through the headlines, break down what’s going on with unemployment and have a special interview with FreightWaves Founder and CEO, Craig Fuller.
Wallenius Wilhelmsen laying off 2,500 workers in the United States and Mexico, retiring and recycling about 15 vessels.
Congress expected to approve package that could help avoid permanent shutdowns
Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
While this may be the peak pricing power for the carriers for this freight cycle, the carriers gain another 10 points in the DHL Supply Chain Pricing Power Index this week.
Critical cargo initiative launched to quickly process imports needed in the fight against the coronavirus.
Amidst the coronavirus pandemic, fleet wellness programs should focus their efforts on protecting drivers from the illness.
Trucking Freight Futures stage broad rally on Wednesday on tight capacity in the West.
The collaboration will produce cameras, LiDAR, radar, steering and more.
The Trump administration is considering deploying troops near the Canadian border in response to the coronavirus pandemic.
China opens its factories; 3.28 million U.S. workers apply for unemployment benefits; U.S. seeks to convince Saudi Arabia to end oil war.
Using shock recorders when shipping freight may help shippers and carriers better protect freight and assign fault when damage occurs.
The integration is expected to enhance KeepTruckin’s driver workflow, enabling drivers and dispatchers to communicate directly through the company’s mobile app.
Heavy snow coming to Denver freight market could tighten capacity a bit more.
The coronavirus is impacting all sectors of the economy, and railroads are no different. Read what expert Jim Blaze thinks will happen going forward.
Best February ever recorded despite challenges from coronavirus pandemic.
Airlines expected to increase use of truck capacity to move cargo around the country.
Airlines were among the big industry winners when the smoke lifted and Congress finalized a $2 trillion economic stimulus package to deal with economic fallout from the coronavirus.
Forager is filling engineering and product positions in Chicago.
ATBS’ annual Independent Contractor Benchmarks and Trends conference call discussed net income, average miles driven, freight rates, trends and forecasts for truck owner-operators.
Residents of Woodland, Washington, convert a high school along Interstate 5 into a rest stop for truck drivers during the coronavirus outbreak.
Tender rejections are often a leading indicator of spot rates and thus contract rates at a lag.
DMV closures causing loss of estimated 25,000 to 45,000 new drivers per month
Rush hour slowdowns and traffic bottlenecks on major freeways are practically non-existent as millions of people stay off the roads during the coronavirus pandemic, allowing truckers to move freight faster.
On the inaugural episode of Cold Chain Update, Steve Taylor of AIT Worldwide Logistics addresses supply chain constraints as coronavirus concerns grow.
Operation Safe Driver and Brake Safety weeks are both still on.
The pandemic may put pressure on U.S. rail volumes, particularly for commodities that support consumer goods, says an Association of American Railroads executive.
Research institute and drivers’ group want to hear from motor carriers and drivers about dealing with the coronavirus pandemic and what they would do differently next time
An exclusive interview with Nerijus Poskus, global head of ocean freight at Flexport.
The second-shift change will provide time to clean handling equipment to help prevent the spread of the coronavirus.
Zach Strickland details the first national outbound tender volume drop since February in the Carrier Update presented by PowerFleet, Luke Falasca analyzes freight volumes in the Broker Update, and in […]
Trucking Freight Futures closed higher on Tuesday on strength in the East region.
Will the coronavirus accelerate contactless delivery services?
FourKites is acquiring the yard management solutions from TrackX Holdings, and using those products to launch Dynamic Yard, an end-to-end full visibility platform.
XPO increases paid sick leave by two weeks for employees affected by the coronavirus.
Snowstorm heading to Denver, Midwest freight market this weekend.
Darren Prokop writes about the key role that transportation in the war against COVID-19 – particularly trucks.
After huge gains, FreightWaves OTVI has its first down day since the end of January.
The eastern U.S. railroad promotes Vanessa Allen Sutherland to EVP and chief legal officer.
Murphy’s Law Distillery is supplying Canadian trucking companies with hand sanitizer as COVID-19 puts its artisanal alcohol business on hold.
The requests to waive the Federal Railroad Administration’s regulations on random alcohol and drug testing and on certain rail operations are due to social distancing recommendations and an anticipated reduction in staff because of COVID-19.
CIE works to create a safer, more durable chassis.
Wingcopter is a German-based startup that manufactures drones that attain maximum speeds of 150 mph with a 75-mile range.
One of the world’s largest suppliers of disposable rubber gloves may resume exports to the U.S. after resolving forced labor concerns, Customs and Border Protection said.
International Maritime Organization secretary-general stresses that world trade during the coronavirus pandemic depends on the mariners who move goods.
KlearNow is an on-demand customs clearance platform that helps companies navigate customs by leveraging AI technology.
China-to-U.S. box rates are losing steam after last week’s rise.
Once America’s largest merchant ship, oil tanker, icebreaker and research vessel.
Plan was to buy crude oil for Strategic Petroleum Reserve.
CarrierDirect’s Ryan Schreiber has spoken with leaders in the logistics and transportation industries and gives recommendations about how to lead your company and help your employees and customers during these challenging times.
“The impact of these nuclear verdicts, as well as higher insurance costs, could send more carriers out of business,” said Zach Strickland.
The coronavirus pandemic has caused a sharp drop-off in demand for tires and cars, causing manufacturers across North and South America to furlough workers and implement partial factory shutdowns.
Airlines and airports have a symbiotic relationship, but there is tension over airlines’ interest in waiving airport charges and taxes during the pandemic recession.
Optimizing the supply chain is the Holy Grail of shipping, but many companies go about it the wrong way. Shipping expert Phil Ramsdale details some best practices.
Want more? SONAR users get exclusive access to the detailed breakdown and insights. Learn more at SONAR.FreightWaves.com!
Directive from Transport Canada has similarities to the U.S. HOS waiver — but with more rules, including a requirement for carriers to provide notice in advance.
Traffic bottlenecks and highway congestion have practically evaporated during the coronavirus pandemic, allowing freight to get to its destination much faster, according to the American Transportation Research Institute and traffic data provider INRIX.
Company sees some degree of leniency on the road.
The coronavirus pandemic is sparking debate about what consumers want — and when they want it.
The International Air Transport Association had sobering news about the financial prospects for airlines this year: a quarter-trillion dollars in lost revenue.
Waiver is valid for CDL and CLP holders through June 30.
Unemployment, economics, and freight flows are the main topics on the Coronavirus Freight Market Update
A final rule that goes into effect in June calls for freight rail carriers involved in higher-risk operations to provide employee training to safeguard against terrorism-related incidents.
“It’s important for us to keep the supply chain fluid” during the coronavirus pandemic, Executive Director Gene Seroka says.
P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.
Idle equipment can be placed in service to respond to COVID-19 emergency.
All four major heavy-duty truck manufacturers now have suspended production for at least two weeks, with market leaders Daimler Trucks North America and PACCAR Inc. the latest to stop building trucks because of the coronavirus pandemic.
The contractor dismantling the capsized Golden Ray car carrier responds to vice president’s plea to help fight the spread of the coronavirus.
The logistics industry is the “always responder,” assisting society in preparations during the onset of a crisis, delivering goods during the crisis, and helping to rebuild and restock after everyone else is gone. Logistics professionals will sacrifice time with family and even put themselves in harm’s way to ensure that people have access to the necessary resources for survival and comfort.
Washington governor also asked Trump for hospital ship’s help during coronavirus pandemic.
Sysco said it has begun providing logistics services to retail grocery customers; supplying products to retail grocery customers; enabling small restaurants to start up home delivery operations and online order pick-up service; and distributing cleaning supplies to keep kitchens safe and virus-free.
Tensions are high in Washington over a massive plan to blunt the economic impact of the coronavirus, with many lawmakers worried that loans or grants amount to a slush fund for airlines and other industries.
“This agreement will help our farmers and ranchers by maintaining export markets, which will reduce the overall impact of an outbreak to our agriculture industry,” USDA said.
Capacity already strained in some western U.S. freight markets. Developing snowstorms could make it worse.
Traffic data tracked by Inrix is indicating much quicker commute times for those on the roads during rush hour as more workers stay home. Plus, J.B. Hunt to pay bonuses, GE cutting its workforce, and St. Christopher’s Truckers Relief Fund facing a critical time.
“Vessel-sharing is the backbone of the global liner shipping network,” John Butler, the World Shipping Council’s president and CEO, said.
Two unions’ petition to the Federal Railroad Administration contends that some Class I railroads have been slow to respond to calls for better workplace sanitation amid the COVID-19 outbreak.
FedEx is using its air-and-ground express network to delivery COVID-19 test specimens to labs, while UPS used its expertise to help the federal government set up the drive-through program
Total headcount falls to its lowest level amid continued declines in U.S. rail volumes.
In partnership with Arrive Logistics… 3PLs are collaborating with their customers on business continuity plans.
Appointments part of strategic plans in Illinois and Indiana; service center manager tapped in Texas.
The new tomato inspection rules are part of the U.S. Department of Commerce’s deal with Mexican growers to suspend its anti-dumping investigation into the produce.
Optimizing the supply chain is the Holy Grail of shipping, but many companies go about it the wrong way, and it starts with not understanding the process.
States are closing non-essential businesses and manufacturers are shutting down, creating uncertain freight flows now and in the immediate future.
Ports of Seattle and Tacoma still operating normally but handling less cargo.
Anthony Levandowski, considered a pioneer in the development of autonomous transportation technology, has pleaded guilty to federal criminal charges in California, according to multiple press reports. Lewandowski pleaded guilty to […]
J.B. Hunt announces $500 one-time bonus for drivers and field staff serving during COVID-19 pandemic.
But attorney Gaines notes that there are some parts of the rules that might be confusing to some.
Toyota and Hino, its heavy truck subsidiary, are offering few details on an Asian heavy-duty truck fuel cell program that complements Toyota’s Oceans 10 project with Kenworth Truck Co. in the U.S.
The Class I railroads would need to ensure that Amtrak can meet FRA’s on-time performance metrics for the routes they share with Amtrak.
“IT strength and capability” helping Orient Overseas (International) Limited service customers during coronavirus crisis.
Ocean shipping has functioned well during the outbreak but pressures are mounting.
How drivers are dealing with coronavirus, TQL layoffs and legal implications, staffing in a crisis and more on today’s podcast
While the decision to close the United States and Canadian border for non-essential travel will hopefully slow the spread of the coronavirus, this ban will not affect trucking and trade.
Petchem shippers are keeping inland barge owners busy, but upside could be temporary.
Boeing will stop making planes for two weeks at most of its plants to protect workers from the coronavirus.
The St. Christopher Truckers Relief fund relies on the Mid-America Trucking Show to raise money for needy drivers.
