News

$2 billion in fines and expenses from emissions-rigging slammed Cummins’ Q4 profit in a year of record revenues and cash generation.

ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.

With FreightWaves SONAR data integrated and available within the transportation planning features of e2open’s TMS, shippers will be able to reference the most up-to-date rate data in the industry as they make short-term and long-term planning decisions.

Pilots at Air Transport International say the parent company wants to prolong contract talks for another two years so it can synchronize a labor deal with a new Amazon transportation services agreement. Meanwhile, the company is having a difficult time retaining experienced pilots.

The benchmark price used for most fuel surcharges has risen two straight weeks for the first time since September.

A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.

U.S. Bank’s freight indices are down but at a rate that may suggest a balancing of capacity could be ongoing.

Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by The Honorable Jim Sanborn; Will Hopkins; Spencer Tenney; Andrei Hippix

Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.

In a column, 40-year transportation veteran Rob Haddock shared why it pays for shippers to go above and beyond for carriers.

It’s come time again to nominate standout shippers for FreightWaves’ 2024 Shipper of Choice awards, the series’ sixth iteration.

Several hundred people gathered for rallies in three border states Saturday as part of the “Take Our Border Back” convoy that traveled from Virginia to Texas last week.

Has UPS been ill-served by on-going cost-cutting?

Uber Freight plans to make its API publicly available for scheduling in the second half of the year.

This week in Borderlands: Mexico’s truckers plan nationwide strike against cargo theft; EV maker Lucid expands its U.S. manufacturing facility; Grainger announces new distribution center near Houston; and supply chain services provider Kinaxis opens Dallas office.

Spot rates were 22 cents higher from July 2020 to February of 2022 — the pandemic era.

Tearing down the Interstate 81 viaduct in Syracuse, New York, and replacing it with an urban boulevard moved closer to fruition after a Friday court decision.

An investigation is underway after a Norfolk Southern train engineer died this week after being hit by a train in Decatur, Alabama.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Parth Trivedi; Adam Barnett; Jared Gilmer

Less-than-truckload carrier Saia will spend roughly 30% of its annual revenue buying terminals and trucks as it looks to take market share again in 2024.

As Black History Month comes to a close, FreightWaves celebrates some of the most important African American figures in the transportation industry.

Canadian authorities recently seized $51 million worth of methamphetamine from a tractor-trailer heading for Winnipeg, Manitoba.

As the Bureau of Labor Statistics signaled in August, the annual revision of employment data shows fewer truck transportation jobs last year than initially reported.

A Georgia-based trucking company, Newsome Trucking, which has 60 drivers and 33 power units, recently filed for bankruptcy protection.

The arcade game Whac-A-Mole describes state-by-state approach to rules of the driverless road while 50-state solution appears far off.

Midsize companies must strategically position themselves through organic growth, acquisitions or partnerships to thrive in a changing landscape, with the market expected to reach $8 billion by 2030.

Shawn Brown, vice president of safety with Cargo Transporters and mayor of the City of Claremont, North Carolina, joined Jeremy Reymer on a recent episode of Taking the Hire Road.

Regulations continue to reshape industries in 2024. For warehousing, new environmental, labor and safety policies will require new strategies and technology adoption.

New Jersey is raising its truck liability insurance requirement to $1.5 million, one of the highest in the U.S.

Hub Group reported year-over-year decreases in its intermodal, logistics and truck brokerage segments during the fourth quarter.

A major logistics company filed paperwork this week stating that it plans to cut more than 200 truck driver and warehouse jobs at its facilities in Washington and Oregon by March 31.

Pam Transportation Services contends with an auto strike in addition to already depressed truckload demand during the fourth quarter.

Federal regulators are proposing to ease requirements for new truck drivers — but crash victim advocates warn safety will be compromised.

Inside the newsletter, does your dock need a valet service; rise of Zyn shipments and more

Landstar System said Thursday that a recovery won’t likely occur until summer.

It’s been one year since a Norfolk Southern train derailed in East Palestine, Ohio. What’s been done to improve rail safety?

Houston-based Vroom is closing two facilities in Texas and laying off 515 workers as part of a nationwide restructuring.

While the world around us slowed down to enjoy the holidays, the SONAR team was hard at work building a foundation for the biggest year yet in product delivery.

This ambiguous landscape makes it even more crucial for 3PLs to understand what their cargo insurance does — and does not — cover.

Schneider National reported a fourth-quarter earnings miss and a worse-than-expected 2024 outlook on Thursday.

Activist pressure and focus on OR are at odds with optimal service levels.

Averitt Express recently moved into a new distribution center in the Nashville area as part of several major facility upgrades in Tennessee.

Ryder System is increasing its dedicated footprint with the acquisition of Cardinal Logistics.

AirCargo 2024 unites aviation, logistics and transportation leaders to navigate industry evolution through collaboration and innovation.

FedEx has more cargo jets than it needs for its express package network. Some of those planes will now be used to try and capture a larger share of the general cargo market. In doing so, FedEx will go head to head with all-cargo carriers like Atlas Air, Cathay Pacific and Nippon Cargo Airlines.

There was little good news in C.H. Robinson’s fourth-quarter earnings.

Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.

Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.

On this week’s episode of Taking the Hire Road, host Jeremy Reymer chatted with Marina Ivanov, co-founder of Apex Transit, a North Carolina-based carrier.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Matt McLelland; Ian Weiland; Bryan Jones; Justin Martin

Reliance Partners Executive Vice President of Sales Jackson Alexander believes that understanding the underwriters point of view can help carriers navigate the insurance renewal process.

Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.

The FBI says it has disrupted a drug operation that used truck drivers to transport narcotics from Mexico to the U.S. and Canada.

This feature empowers GoodShip’s shippers to craft personalized constraints, aligning with supply chain goals for optimal, strategic procurement decisions.

FreightWaves Inc. is divesting its media arm to focus on its high-frequency data offering, SONAR. FreightWaves media is being acquired by its founder, Craig Fuller, and merged into FLYING Media Group (FMG). FMG will be renamed Firecrown.

CtrlChain, formerly ChainCargo, unveils a mission-focused rebrand in order to drive sustainability through digitalization and industry collaboration.

Less-than-truckload provider Roadrunner announced the addition of 135 new lanes as well as service to parts of Canada.

A convoy of trucks and other vehicles are reportedly heading to the Mexico border calling on the federal government to take action against illegal immigration.

Federal investigators have charged two current and two former Massachusetts State Police (MSP) troopers, along with two others, alleging the six traded favors in exchange for giving passing scores to certain applicants in a fraudulent commercial driver’s license (CDL) scheme.

Link Logistics records another big year of final-mile property additions in 2023.

The mismatch between electric truck availability and charging infrastructure prompted Daimler, Volvo and Navistar to make a PACT.

Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.

Third-party logistics provider Kenco Logistic Services has announced it will close its Indianapolis facility and lay off 110 workers.

Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.

It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.

Rail is often characterized as one of the more “old school” transportation options, but recent developments in the space have challenged that narrative.

In this edition: The evolution of ghost jobs that are hiring but really aren’t, and a deal finally closes and moves forward.

While FMCSA has issued minimal requirements for MVR checks, carriers doing only the bare minimum are creating and perpetuating visibility gaps that leave their fleets vulnerable.

Supply chain visibility provider Vizion is partnering with D&B to launch its new solution, TradeView.

Subpar 2023 results and uncertain 2024 guidance sent shares falling.

The benchmark price used for most diesel fuel surcharges rose for the third time in six weeks.

The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.

Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.

Saturday will mark one year since a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio. NS is joining the federal Confidential Close Call Reporting System, the only Class I railroad to do so.

Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Jim Allen; John Santagate; Danny Ramon

The latest agenda from DOT delays rules on truck speeds and automated driving systems.

Jumbo Beverages announced a permanent layoff of all employees at its beverage distribution center in Grapevine, Texas

J.J. Schickel, CEO of Omni Logistics, will not be in an executive role at the combined Forward Air-Omni company.

Rachel Premack (that’s me) has a new job outside of journalism. This means no more MODES (for a little while).

This week in Borderlands: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge.

Lagging effects of the pandemic are still making evaluating the economy a challenge.

Sweden’s Volvo Group reported strong Q4 results but pointed to normalizing demand, code for lower sales already visible in slackening orders.

Slow growth in mega-leases is expected to continue through 2024, CBRE said.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Gord Magill; Ian Rust; Rob Liss; Conrad Lilleness

Digital freight forwarder Flexport reportedly may let go of a large part of its staff after closing on $260 million in funding from Shopify.

In this edition: Grip heads for the fulfillment game, warm Georgia gets cold storage, and Ben & Jerry’s might have unlocked the best flavor of ice cream.

On this week’s episode of Taking the Hire Road, host Jeremy Reymer was joined by KSM Transport Advisors Chief Operating Officer Chris Henry.

Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?

Canada-based Bison Transport is partnering with CPKC to provide cross-border intermodal service between Canada, the U.S. and Mexico.

A Texas-based trucking company has filed for bankruptcy liquidation four days before a wrongful death civil trial filed by the family of one of its former drivers who drowned in 2016 was slated to start in El Paso County, Texas.

WattEV continues to roll up a lion’s share of federal infrastructure grants as it plots electric charging corridors