News

ArcBest posts down q4 results and January didn’t look much better

Pricing data implies pendulum is swinging even more toward East Coast ports at expense of West Coast.

Still too early to confirm coronavirus fallout in trans-Pacific freight pricing data.

It’s difficult to keep up with the flight suspensions being announced by airlines to China amid fear about the coronavirus outbreak.

USA Truck’s shares fall after another earnings disappointment. New turnaround initiatives were quantified on the company’s conference call.

Chinese carrier’s formerly idled VLCCs return to a transport market already suffering from falling rates, Stifel Maritime analyst said.

The ramifications of 2019 will come in the form of shrinking capacity, pushing rates up as supply falls to meet demand instead of dwarfing it.

OpenText is the latest member of the Blockchain in Transport Alliance (BiTA). Learn more about OpenText and BiTA.

National Trucking Freight Futures rise on Thursday as outbound LAX lanes gain on Dry Van tender rejections.

Mack likes the stability of the medium-duty truck market, where it can sell small trucks to current customers without the dizzying ups and downs of the Class 8 market.

Southwest Airlines is a fan favorite in the freight forwarding community. Bar code scanning and canine inspection dogs aren’t pioneering moves, but could help keep that satisfaction quotient high.

More downturn possible for the region’s freight markets.

Substantial point-of-sale incentives are available through a new voucher program funded by cap-and-trade fees.

Electronic gadgets like smartphones in the cab lead to driver distraction, and driver assistance technologies like ADAS appear to add a new dimension to that behavior.

The Swiss government will serve as the go-between to manage financial transactions involving medical and other exports to Iran and ensure Iranian sanctions are not violated.

Plus: Pilot project allows food stamp recipients to pay for Amazon grocery delivery.

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Much of the discourse and sentiment surrounding the […]

Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.

The majority of executives expect growth exceeding 10% and are actively pursuing deals.

New technology, capital, and business models have changed the competitive landscape.

Blasting out underwater “speedbumps” last hurdle for $485 million project.

Digging into some of the most recent LMI components.

Breakbulk refers to (almost) every cargo that’s not containerized or shipped in bulk.

The FreightWaves 2020 Freight Market Outlook white paper is our most comprehensive outlook resource to date.

Too much Amazon traffic may spoil the Brown broth

Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.

USA Truck reports another worse-than-expected loss as it revamps the company.

U.S. Customs and Border Protection said the 73% collected-duty increase over last year was mostly the result of ongoing punitive import duties on steel, aluminum and Chinese goods.

Most key metrics were lower for the LTL carrier/brokerage company.

TRATON makes long-expected move to take over Navistar despite claiming disinterest. Navistar says it will take a look at the offer.

As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.

Amazon blows past analysts’ EPS estimates for q4

Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.

The World Health Organization’s leadership went out of its way to praise China for its handling of the deadly outbreak.

This week’s DHL Supply Chain Pricing Power Index: 30 (Shippers) Last week’s DHL Supply Chain Pricing Power Index: 35 (Shippers) Three-month DHL Supply Chain Pricing Power Index Outlook: 45 (Shippers) […]

Tanker giant Euronav warns of fallout from coronavirus crisis.

AscendTMS is the first TMS to allow users to reserve parking for drivers inside the system, thanks to a collaboration with TruckPark.

California owner-operators argue their livelihoods are at stake under new labor law.

Echo Global adds features that suggest loads along favored lanes for carriers using its EchoDrive platform.

Trucking Freight Futures end Wednesday little changed as lanes in the West continue to diverge.

Ben Thrower writes about the increased use of cargo ships to smuggle drugs.

A short line acquisition in Atlantic Canada and enhanced crude oil production in western Canada could boost rail volumes in the coming years, executive said.

Boeing is planning to begin 777X deliveries next year, but it is unclear when airlines will begin flying the new widebody.

Mack is back in medium-duty trucks with its first offering in two decades coming this summer from a new plant near Roanoke, Virginia.

Aptiv’s Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.

Boeing’s 737 MAX production won’t come rushing back as soon as regulators lift the aircraft’s flight ban. Slow and steady is the plan.

Reefer rejections remain high, but oscillate as weather changes.

Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.

Upgrading docking, a new Northeast hub to come and the “weekend advantage” all played a role in the improvements

Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.

Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along…

In case you weren’t able to catch our live broadcasts from Music City at the Air Cargo Conference at the top of this week, don’t worry, we’ve got you covered right here, right now for a “just in time” delivery.

The drop comes as the Class I railroads look to the second half of 2020 for volume growth.

UPS partners with Waymo for delivery; Coronavirus could decline Chinese production; research breakout in fuel cell technology

At the Air Cargo 2020 Conference in Nashville, Tennessee, we had the opportunity to catch up with Susy Schoneberg, head of Flexport.org, for one of our Fireside Chats. Flexport.org is […]

Open-deck logistics provider Jones Logistics turned to AI-powered solution from Parade to build a digital brokerage for load management

Union Pacific opens lanes, while Norfolk Southern talks lane opportunities to take market share from trucks.

UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.

Over the years, hundreds of tankers were employed in the grain trades.

Head of giant independent refiner not surprised by lack of movement this early in the regulation.

Delta, Air Canada and Lufthansa are among the international airlines reducing or suspending flights to China as the coronavirus spreads.

Just what the heck is going on, and why aren’t truckers and shippers getting the benefit of these lower commodity and wholesale prices?

CVTA vows to push FMCSA for earlier implementation.

The electric vehicle company expects more than half a million deliveries in 2020.

Moscow-based Grand Service Express began offering service to the Russian-occupied Crimean Peninsula in December.

Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.

Boeing’s earnings and revenue failed to meet expectations, and the manufacturer revealed billions more in MAX-related costs.

The Amazon Effect and Uberization of Freight pose daunting challenges for logistics companies, says FreightWaves founder and CEO Craig Fuller.

Funding likely to remain elusive for proposal that focuses on zero-carbon initiatives.

UPS unveils a slew of products and services ahead of tomorrow’s fourth quarter results

A proposed sustainable fuel mandate in Washington state highlights a divide in the transportation industry over regulations aimed at reducing carbon emissions.

In return, the South American country wants the U.S. to recognize singani as its national alcoholic beverage in strengthening bilateral trade ties.

A challenging job in winter.

Liners confront higher ship-lease rates at the very time fuel prices are spiking.

President Donald Trump on Wednesday signed into law a revamped pact with Mexico and Canada that replaces the 26-year-old North American Free Trade Agreement (NAFTA). The United States-Mexico-Canada Agreement (USMCA) […]

Trucking Freight Futures ended Tuesday’s session mixed with forward curves pointing to lower near-term rates.

Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.

Third-party logistics firm STG Logistics has tapped Paul Svindland, former chief executive of bankrupt Celadon Group Inc., to lead its company.

Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said.  Norfolk Southern (NYSE: NSC) reported its operating and financial results for the […]

Wall Street reacts positively to a projection for the rest of the year.

Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.

Broken record alert — another storm is moving through the Northwest. This means the Cascades will be slammed with more snow or rain, depending on location, resulting in some delays […]

Scott Burke expected the worst when the bird of prey hit his fully loaded Kenworth tractor-trailer going 50 mph. Instead, he got his rig to safety — and the bird is expected to make a full recovery.

Total TransBorder Freight: $107.1B of TransBorder freight moved by all modes of transportation, down 3.3% compared to October 2018 Most-used mode: Trucks moved $68.2 billion of freight, down 2.7% compared […]

Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.

Revenue gains for grain, energy, chemicals and plastics provide boost.

It’s a bold plan and FreightWaves’ Mark Solomon has plenty of experience covering XPO to give us a unique perspective.

The impact of new technology in freight brokerages and how it is changing compensation.

Startup Baton Trucking believes it can eliminate waste and detention through a drop yard network.

U.S. Justice Department announced the arrest of Harvard University’s chemistry department chair on charges of lying about financial and research connections to the Chinese government.

Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.

U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.

Owner-operator group calls decision “highway robbery.”

Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”

Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: […]

PACCAR is riding a comparatively low inventory of unsold trucks into 2020 as new orders and production in the first quarter are expected to be down 5-7%, the company told analysts following its report of record revenue and profits in 2019.

Trans-Pacific container volumes face escalating coronavirus risk.

The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.

Parcel drivers join long-haul colleagues in training to bolster community safety.

It’s the same story for carriers and shippers: up like a rocket and down like a feather