News

The average price of a Class 8 used truck sold in June was $48,800, up 6 percent compared to June 2018, according to the latest report by ACT Research.

Industrial property demand remained tight in the second quarter but a surge of supply may moderate matters, Cushman & Wakefield report says

Information related to the national load tender volumes for the last full week of July comes from FreightWaves SONAR.

Ports receive 15% of grant program typically used for surface projects.

OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.

Negligent hiring and vicarious liability lawsuits have been around, but there are emerging risks as well.

Intruders could have cost the Maritime Administration $103 million.

Winchester & Western Railroad is being acquired by OmniTrax in a $105 million deal.

Tonnage of grains, number of grain barges increasing up and down the Mississippi.

GDP growth slowed to a 2.1 percent pace in the second quarter, as strengthening consumer spending was offset by weakness elsewhere

Indiana-based Steel Dynamics Inc. announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new […]

CEO Alain Bedard lauds “magic” of its American trucking business ability to shore up efficiency in challenging freight environment.

E-commerce packages are flooding the U.S. The vast majority contain legal products, but U.S. Customs and Border Patrol worries about those that contain illegal or dangerous products.

New equipment will allow U.S. Customs and Border Protection agents inspect up to 50 trucks per hour along the U.S. borders with Canada and Mexico.

After California, New Jersey is the next battleground for trucking’s owner-operator business model. And motor carriers fear the war there may be largely lost. The latest skirmish centers on a […]

The weather in the western U.S. today features areas prone to wildfires, flash flooding, and more sizzling heat. Severe storms could pop up in the Midwest. Also, there’s also a […]

Drivewyze worked with safety offices and law enforcement in 32 states to identify 500 high rollover and low bridge locations. It sends audible and visual warnings to truckers before they reach them.

Plus: Automakers, flouting President Trump, agree to California emissions standards.

When it comes to heavy-duty, long-haul trucks, the kings of the road are long-hood conventional big rigs with the latest comforts of home behind the cab. And chrome. Lots of chrome.

Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent bulk liquid storage company ANZ Terminals. The ACCC has formed a preliminary view that the potential sale would “substantially lessen competition”… and that’s the first step on the way to blocking the A$350 million (US$248 million) deal.

We’ll be joined by the former top executive for logistics at Walmart.

The Netherlands-headquartered shipping line Universal Africa Lines (UAL) recently added Port Houston’s City Docks to its liner service that connects the Gulf of Mexico and Mexico with West Africa. UAL, […]

Free trade deals are driving demand for logistics staff in Australia, says recruiter Hays. Meanwhile, the Australian Federal Government is handing out cash to boost trucking, cargo and road safety. Trucking fuel is much in the news with a new bio-diesel plant opening but industry groups are calling for a better uptake of electric vehicles. Australia’s famed trucking museum may now be in jeopardy.

Asian city-state Singapore has seen a small fall in container volumes and a more noticeable fall in containerized cargo weights in the first half of 2019 when compared to the same period in 2018. Singapore is a bellwether for world trade volumes and it does a substantial amount of business with the U.S. as well.

A softening freight market took a toll on Universal Logistics Holdings Inc. (NASDAQ: ULH), an asset-light provider of customized transportation and logistics solutions.  The company reported second quarter 2019 net […]

ABF Freight, YRC Freight employees affected by pension-saving bill.

eBay to launch fulfillment, delivery service for high-volume US users

A recent cargo theft report suggests that transportation companies are particularly vulnerable to “insider threats.” In other words, companies may not be doing enough to secure their cargo from their own employees. 

Amazon’s q2 shipping costs soar as costs of one-day delivery launch exceed estimates

Grain shippers say Congress should take a “fresh look” at railroad policy.

Denser shipments and higher prices combined for a 6.9 percent improvement in revenue per LTL shipment.

USA Truck blames a softer freight environment, declining spot rates and unrealized bid awards for its lower-than-expected second-quarter results.

Werner’s second quarter was $0.01 light of consensus and the company lowered its pricing forecast for the rest of 2019.

Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.

Canadian transportation firm reports a 13 percent increase in net income, helped in part by improved performance from its U.S. truckload businesses.

MTC Logistics broke ground July 24 for a 12 million-cubic-foot temperature-controlled distribution center in the Port of Mobile.

Company’s best-in-class model will be tested as LTL conditions remain soft

BorgWarner sales and income declined in the second quarter but revised downward guidance for the rest of the year hammered shares.

Chris Connor, the new president and CEO of the American Association of Port Authorities, is enthusiastic about advocating for the varied needs of its members.

Southwest Airlines posted second quarter adjusted earnings of 70 cents per share, beating Wall Street estimates of 61 cents per share. The small profits for Dallas-based Southwest Airlines came despite […]

With the growth of technology in the trucking sector, drivers are now being monitored every second they are in the cab, which has led to concerns about privacy.

Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.

The quarterly results of Costamare reveal continued rise in container-ship charter rates.

Kirby Corporation (NYSE: KEX) reported second quarter results that met consensus estimates, despite the ongoing problems for barging operations in the U.S. Midwest. But the company did lower its earnings […]

U.S. rail volumes fell yet again for the week ending July 20, according to data from the Association of American Railroads.

Near-shoring staff in Colombia has become a big trend for U.S. transport and logistics companies.

Rainfall rates of two inches per hour could lead to flash flooding today in some western states.

Shale oil wells in the Permian basin were underreported by 20 percent; U.S. FDI flows reduce; UPS pursues drone delivery services

Old Dominion posts record q2 results as cost management offsets weak demand

Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be […]

Mostly ignored in the B2C rush, small business in the B2B realm are getting a seat at the e-commerce table.

The Port of Los Angeles is a test bed for the latest in logistics technology, and a target for the threats facing that technology. To stave off those threats, the […]

Nine participants from the e-commerce sector will provide Customs and Border Protection certain data elements in advance of shipments arriving in the U.S. during the yearlong pilot.

Only 16 days into the job as acting Customs and Border Protection commissioner, Mark Morgan admits that he’s still facing “a bit of learning curve,” but vowed that the agency will continue to work with the trade in a spirit of “transparency, communication and collaboration.”

Trade advisory committee tasked with proposing ways to improve economic conditions in Guatemala, Honduras and El Salvador will submit report at Aug. 21 meeting.

Among the Democrats voting against the bill were Reps. Rashida Tlaib of Michigan and Ilhan Omar of Minnesota, as well as House Ways and Means Trade Subcommittee Chairman Earl Blumenauer of Oregon.

After years on the transport mat, next day air flies off as UPS volume surges

Canadian transportation and oil services firm ready to make additional acquisitions to boost growth after strong second quarter results.

Landstar missed the bottom-end of its guidance range as expected. The company sees weakness in truckload fundamentals continuing through the third quarter.

Temperatures soaring to record levels in Europe again, above 100°

Despite falling short, the electric automaker reaffirmed its full-year delivery guidance, saying it still expects to deliver 360,000 to 400,000 vehicles in 2019.

Total company revenue for Trinity Industries (NYSE: TRN) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group.

This week, VLCC rates are going sideways, Capesize rates have reversed, and container shipping has yet to gain traction.

Covenant released earnings results in-line with its previously lowered expectations as it seeks “predictability” in its operations for the remainder of 2019.

ECHO faced a tough quarter with soft spot volumes and unexpected tightness in June.

Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.

Report asserts industry needs to hire 1.1 million new drivers over the next decade.

R. Eddie Wayland, TCA Legal Counsel PHOTO CREDIT: JIM ALLEN/FREIGHTWAVES On July 22, 2019, the Wage and Hour Division (WHD) of the Department of Labor (DOL) issued an opinion letter […]

Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the […]

Proposal would make it easier for drivers to take test from out of state.

A student team from Germany’s TU Munich achieved a top speed of 463 kmph (288 mph) on its prototype pod at the SpaceX Hyperloop Pod competition.

In this commentary by Ekim Saribardak, he writes about new track and trace technologies that can revolutionize the shipment of ocean freight.

SunteckTTS, a top 10 brokerage, is reportedly looking for a 10x EBITDA multiple.

Supply chain managers could be busier than expected this hurricane season

DP World (Dubai: DPW) said July 24 that it has reached agreement to create a $1.2 billion container port and industrial logistics port in East Java with the Indonesian conglomerate […]

The Urban Freight Lab (UFL) is hosting its third annual Tech Day: Transforming the Final 50 Feet of Delivery, a pitch competition for innovators improving the last leg of the […]

The $320 million project will double the annual throughput of the Virginia International Gateway container terminal.

Logistics platform launches in second European country, where the trucking industry and shippers contend with a growing driver shortage and too many empty kilometers.

Estimates of how many owner-operators are in the market is often inflated by 200 or 300 percent. This means at some point freight brokers will have to focus on larger […]

Knight-Swift reported results within its recently lowered guidance range and doubled down on its estimation that the TL capacity correction is underway.

Boris Johnson will become the Prime Minister of the U.K. today, and will be assuming responsibility for the nature of the U.K.’s exit from the European Union.

A Bureau of Industry and Security official broke the news during the CBP trade symposium this week.

Low pricing will speed up Europe’s transition from coal to gas, according to Morgan Stanley.

Boeing (NYSE: BA) posted a core loss per share of $5.82 for the second quarter of 2019.

The new officers will begin their duties Aug. 12.

Thunderstorms could have a two-pronged effect today in the western U.S.

There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are “cautiously optimistic” about volumes and how the company might perform in the second half of the year.

Truck sales and profits were a bright spot in an overall dismal second quarter for Daimler AG, parent of Mercedes-Benz Cars and Daimler Trucks.

Norfolk Southern’s (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit […]

U.S. next day air volumes set the pace for UPS’ second-quarter results

Companies may not be doing enough to secure their cargo from their own employees.

Stock market analysts are not excited by the initial public offering (IPO) of the container- and forestry-products focused Port of Napier on New Zealand’s east coast.

Criminal syndicates are smuggling huge volumes of methamphetamine around the globe by hiding it in the lawful flow of freight. Find out where meth flows, how it flows, and who profits as it flows.

UPS launches a slew of products in arguably its biggest one-day portfolio change in its history

Schneider wins award for security excellence, while US Xpress honored as carrier of the year by FedEx Ground

Manhattan Associates stock pops on an earnings beat and a guidance raise. Management brushed back concerns around tariffs, Brexit and other potential geo-political concerns as potential risks to its new targets.

The U.S. Surface Transportation Board (STB) is seeking public comments on Brookfield Asset Management’s proposed acquisition of shortline operator Genesee & Wyoming. Broofield announced plans to acquire GWR earlier this month in a deal valued at $8.4 billion.

A federal court puts the retroactive question back in the hands of the court that first made the A-B-C test.

Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs.