Container lines had rough Q4 before Red Sea-driven rate rebound
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
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The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
Despite often being more dangerous in nature, cargo-related crimes in Mexico receive a fraction of the attention that is afforded to similar issues happening in the U.S. and Canada.
Ryder has opened a major distribution center in Indiana for printing giant Lexmark, which has manufacturing sites in the U.S. and Mexico.
As the Houthis disrupt Red Sea trade, we’re seeing how fragile our supply chains are (again).
New CEO must reverse long-term stagnation in shareholder value.
The final Department of Labor rule on independent contractors was mostly unchanged but with some small wins for the trucking industry.
Will Urban has joined the board of LuckyTruck, a company that uses historical truck data and automation to provide an insurance management platform.
Digital freight brokerage Uber Freight confirmed Tuesday it was forced to cut a number of jobs in order to align with its “continued commitment to drive sustainable growth.”
PS Logistics’ latest acquisition adds several hundred trucks to its Southeast operations.
Middle-mile autonomous trucking leader Gatik is benefitting from additional technology advancements in its collaboration with Goodyear.
Seattle-based logistics startup Flexe is laying off 99 workers, its third round of layoffs in two years.
Craig Fuller, CEO and founder of FreightWaves, has joined the board of directors of Repowr, a Chattanooga-based FreightTech company pioneering the largest commercial trailer marketplace in North America.
A California-based third-party logistics company, which had 34 power units and 33 drivers, filed for bankruptcy liquidation on Thursday.
Kodiak Robotics showed its 6th-generation autonomous truck that will begin hauling freight without a driver in Texas later this year.
A decision by the U.S. Supreme Court not to review a case involving broker liability leaves that question unresolved among the circuit courts.
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
The benchmark used for most diesel surcharges was down for the 13th time in 16 weeks.
Berkshire Hathaway and the former owners of Pilot Travel Centers have settled their legal differences on the day trial was set to begin.
Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.
Cummins Inc. will spend $580 million to upgrade a North Carolina plant to make fuel-agnostic small engines.
Morgan Stanley told investors on Monday that a rebound in freight demand may happen sooner than many are expecting as inventories need to be rebuilt.
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Several Texas border cargo bridge projects could be fast-tracked after President Joe Biden signed a new law to speed up the permitting process.
Less-than-truckload carrier Pitt Ohio announced the expansion of its New England service on Monday.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.
FedEx Express faces more headwinds in its effort to improve profitability as the U.S. Postal Service prepares to drop air routes from contracted service.
This week in Borderlands: Cargo insurance can boost cross-border operators’ business; Ryder System leases logistics center near Dallas–Fort Worth; Paccar Inc. announces $50M investment in Mexico truck factory; and thefts from cargo trains in Mexico rose in September.
The conflict in the Middle East may have late-year implications for the domestic transportation market.
Spot rates did eventually see a boost at the start of the new year, albeit one that was unable to meet our prior forecasts.
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Thefts from a storage facility have raised concerns from a government watchdog agency as the Postal Service moves to electrify its delivery fleet.
The Fair Labor Standards Act can be applied to team drivers for some of the time spent in the sleeper berth, according to a federal court.
Nikola is finally putting its fuel cell electric truck in the hands of retail customers like Bill Hall of Coyote Container.
Aurora Innovation has frozen the designs for its Aurora Driver hardware that German supplier Continental will build.
Nikola is finally putting its fuel cell electric truck in the hands of retail customers like Bill Hall of Coyote Container.
The monthly BLS report showed a relatively modest gain for truck transportation jobs but another decline in warehouses.
Freight brokers love to love Zyn, but the adoption of yet another way to ingest nicotine reveals a disturbing truth about capitalism.
After a year in which crude and diesel prices fell, new refineries and the supply and demand balance appear to be bearish in ’24.
Increasing biofuel consumption will be a key way for Norfolk Southern to reduce greenhouse gas emissions, according to its inaugural climate transition plan.
Truckload carrier Prime is moving into the hopper business and took to YouTube to announce its expansion.
C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.
The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.
CPG giant sees no impact from Red Sea drama, but consumer pressures remain evident.
The overcapacity of on-highway trucks would look worse without underlying support from Mexico and strong vocational demand.
In December, a federal appeals court ruled that company team drivers’ time spent in sleeper berths after eight hours can be compensated under the Fair Labor Standards Act. The case involved a former CRST trainee who sued CRST in 2016 alleging that the team-based driver training program violated the FLSA based on the carrier’s compensation policy.
Chattanooga, Tennessee-based 3PL Kenco announced Thursday it has acquired third-party warehousing services provider The Shippers Group.
CBP has reopened four Southwest ports of entry about one month after a migrant surge led to closures in Texas, Arizona and California.
Craig M. Keats started his career in 1972 as an attorney for the Interstate Commerce Commission — the Surface Transportation Board’s predecessor — and he has stayed on since then.
FedEx Express wants to compensate for a surplus of pilots by lowering guaranteed pay and offering severance packages once a new labor contract is reached. Meanwhile, mechanics are agitating to unionize.
What are stakeholders in the freight rail space keeping an eye on in 2024? Here’s a starter list.
White House spokesman John Kirby said shipping risks caused by the Middle East conflict could become a “pocketbook” issue for Americans.
This article from American Shipper’s archives gives a detailed look at “the business of disaster” in maritime in the 1980s, including marine salvage and issues surrounding liability.
Relaxing CDL testing rules could get drivers on the road faster without risking safety, according to a training school group.
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The Federal Railroad Administration submitted its proposed rulemaking on train crew staffing to the U.S. Office of Management and Budget for review.
Universal Logistics Holdings announced a $50 million expansion in Virginia to boost its heavy-truck division.
Intermodal rail might still face pressure from a loose truck market in 2024, but intermodal rail providers could see volumes grow longer term if they keep service humming, according to Breakthrough’s chief economist.
Echo’s Frank Hurst spoke with FreightWaves about how the recent Roadtex acquisition has changed reefer LTL.
Electric trucks and charging infrastructure should advance this year without some of the growing pains that held them back in 2023.
The demise of Yellow Corp. dominated headlines after the carrier filed for bankruptcy protection in August. A lot of smaller carriers and brokerages also called it quits in 2023.
Kenworth Truck Co. has a new general manager while Kevin Baney has been promoted to an SVP role at parent company Paccar.
Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico.
After an increase last week, the benchmark diesel price used for most fuel surcharges declined in its first posting of 2024.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
The Teamsters union doesn’t expect a major impact on employment levels from UPS’ closure of a Kentucky sort facility.
Canada-based carrier Chohan Freight Forwarders has been ordered to cease operations after multiple overpass collisions in two years.
The Logistics Managers’ Index report showed transportation metrics worsened again in December but noted recent inventory cuts could put the freight cycle back on track in 2024.
XPO’s Anthony Hoereth discussed the company’s strategic plan and investments that are driving a historic surge in LTL service levels.
Explore the synergistic partnership between Seneca Foods and Ruan in this one-page document, highlighting their successful ‘Can’ Do collaboration. Learn how Seneca Foods, a prominent shelf-to-table business, strategically selected Ruan […]
Proponents and opponents increasingly are slugging it out over the viability of warehouse developments.
Election-year politics and the NTSB report on the East Palestine derailment are key factors in whether Congress will pass rail safety legislation in 2024, industry observers say.
This week in Borderlands: Lean Solutions Group making big moves in Mexico; China-based tire maker opening $240M facility in Mexico; Mexican authorities again postpone Carta Porte tax document; and new logistics park begins construction along Texas-Mexico border.
With the year coming to an end, columnist Bart De Muynck reflects on 2023 and the new year ahead.
A rule on warehouse emissions that the California Trucking Association viewed as like a zero-emission vehicle mandate has been upheld in court.
American Shipper magazine has an extensive history of monthly printed issues. We’ve compiled a gallery of our favorite covers from the 1990s.
“It is no longer grow at all costs. We must be more efficient with our resources and cognizant of your overhead,” says Zelh’s Jeff Ogren
2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.
Tanker stocks rose as expected in 2023, container shipping shares surprised to the upside, and dry bulk stocks lagged the pack.
Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies.
On this week’s episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of the National Transportation Institute, is joined by Sean Horton, VP of sales at JobsInLogistics.com.
A man was arrested Wednesday in Houston after a police chase of his tractor-trailer ended in a confrontation with SWAT team members.
Waggon plans to add multiple new employees to its roster in 2024. Above all, it is important for these new hires to be curious and excited to learn.
The National Transportation Institute (NTI) recently released Q4 2023 driver pay data that shows driver earnings continue to climb in spite of the freight market undergoing a correction. Drivers’ base mileage pay brackets saw a shift, with the 40-to-50-cents-per-mile pay bracket falling 5.2% year over year as fleets raised wages to attract and retain drivers. The 50-to-60-cents-per-mile bracket saw a 6.1% y/y increase.
Cargo volumes at the Port of New York and New Jersey were 7.5% higher than November 2019 but 11% lower year over year.
California won’t enforce its rule that only zero-emission vehicles can be registered as drayage trucks after the start of 2024.
2023 was a tumultuous year for airfreight. The downturn in business put pressure on the industry, but the year ended with some optimism.
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At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.
The Shipping Act of 1984 changed the game for shippers and carriers.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Cargo thieves hijacked a $380,000 tequila shipment from Mexico that was headed to a North Carolina distributor.
New Class 8 truck deliveries have fallen for four consecutive months even as vocational equipment sales rise.
Despite what Reliance Partners CFO Thom Albrecht has dubbed a “brutal winter,” supply chain companies can look forward to renewed hope as the market begins to shift in the spring and summer.