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The beat comes after the company fell short of earnings expectations last quarter, coming in over 23 percent short of estimates.
The deal reached in Washington on Friday will allow the U.S. to nearly triple its beef exports to Europe.
A renewed focus on building western gran network capacity helped Canadian Pacific reach all-time records for grain hauls in the 2018-2019 crop year.
The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.
U.S. production increased 21 percent year-over-year to 898,000 barrels/day.
Intense rainfall in the nation’s heartland Friday, with weekend tropical downpours in Florida.
A federal jury ordered Swift Transportation to pay long-haul trucking rival CRST Expedited more than $15 million for allegedly poaching drivers who were under contract to CRST, which is based in Cedar Rapids, Iowa.
Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.
As with other industries. the transportation and logistics industry is undergoing a digital transformation. The advent of the cloud and the adoption of new mobile and digital technologies has us in uncharted digital territory.
East Coast ports saw better growth as trans-Pacific trade slows
Both men are being recognized for their willingness to stop and assistance a young family whose baby was accidentally locked in their vehicle.
Leaders of a farmers’ protest in Mexico said if negotiations don’t progress with the government of President Andres Manuel López Obrador, the “next blockade” will be twice as large as […]
As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.
Kenworth Truck Co. stayed with its approach to promoting general managers from the engineering ranks.
U.S. Xpress sees a tough second quarter, but expects industry fundamentals to firm as excess capacity exits the market.
“I think we’re at a critical juncture. Six months from now I think we’ll be able to take a closer pulse to where things are.”
XPO Logistics posts flat second-quarter revenue, exceeds estimates on EPS, cash flow
It’s hard to see a structural recovery in natty gas prices.
Cody Crisler and Kenneth Meekins, professional truck drivers with Henderson Trucking, have each been named Highway Angels by the Truckload Carriers Association (TCA). Both men are being recognized for their […]
Canadian digital-freight matching platform seeks to list on TSX Venture Exchange with “conservative” C$34 million valuation.
The Energizing American Shipbuilding Act seeks to revive domestic shipbuilding and maritime industries.
Donald Broughton writes a thought-provoking commentary about how technology has killed inflation.
Ben Thrower examines the costs – in money, lost land and lost businesses – of the high-speed rail line in California.
The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.
With air cargo slowing, could there be any bump up in August?
The Fed cut interest rates for the first time in over a decade. Shippers and carriers should benefit as the economy looks to reaccelerate
Blackjewel’s bankruptcy reminds the broader industrial sector of the vulnerability of U.S. coal production overall, particularly so for western U.S. coal production.
Technology has helped smaller fleets band together to take advantage of discounts, real-time telematics and find loads through digital freight matching platforms.
Updated CPSC policies on stroller safety and refrigerator certificates are expected to be published in the Federal Register on Friday.
American Trucking Associations annual Trucking Trends report shows nearly $800 billion flowed into industry, 13.8 percent increase.
North American rail volumes are still lower year-over-year, but U.S. carloads recovered somewhat last week.
Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.
Schneider is closing its First to Final Mile delivery operation due to poor performance.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
At 10:30 a.m., its price was down almost 16 percent.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Amazon.com wants all SMB business, and will not be shy in squeezing the SMBs to get it
Flooding risk in the Plains, wildfire danger continues in western U.S.
Schneider National sees “less favorable” trends continuing into the back half of 2019. The company lowered guidance and announced the closure of its First to Final Mile business.
Chinese billionaire Liu Zhongtian, former president of China Zhongwang Holdings Ltd., was indicted by federal court in Los Angeles for allegedly evading $1.8 billion antidumping and countervailing duties on aluminum shipments.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
The U.S. Treasury Department’s Office of Terrorism and Financial Intelligence is at the center of the country’s efforts to counter national security and terrorism financing threats.
An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.
Oshkosh Corp. has a green light from the U.S. Army to enter full production of its Joint Tactical Light Vehicle that will replace the HUMVEE in war zones.
Celadon’s turnaround gets a shot in the arm with a new three-year financing agreement.
The saga of the closed General Motors Lordstown plant continued with Vice President Mike Pence erroneously declaring that Workhorse Group Inc. had secured funding to buy the plant.
Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation. But overall demand remains tepid as it lowered […]
A roll-out of the much-hyped 5G telecommunications technology will not in itself revolutionize logistics, says Paul Soong, regional director of BluJay, which provides a wide variety of management software for the logistics and transport industries. Better management of business is the key.
The company reported diluted earnings per share (EPS) of $0.53, $0.01 short of estimates and $0.02 higher than the second quarter of 2018.
Legislation that would increase the minimum insurance liability coverage required for interstate trucking from $750,000 to almost $5 million would put more small owner-operators out of business, independent operators claim.
IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.
Hurricanes Erick and Flossie to cause some trouble in paradise the next several days
The owner of a Chatsworth, California-based truck driving school pleaded guilty to five counts of wire fraud, admitting he participated in a scam to bilk the VA out of more than $4 million.
US DOT awards $478 million in airport infrastructure grants to 232 airports in 43 states.
Canadian Pacific Railway (TSX:CP) (NYSE:CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability […]
GSC handles 12 percent of import containers in Oakland, but its leadership is concerned about plans to build a baseball stadium on port property,
Chief Insight Officer Dean Croke breaks down the intermodal market and how some areas if it are trending upward. While market expert Seth Holm gives us an update on Q2 […]
New categories to be added to types of crashes deemed “not preventable.”
Truckload volumes on a national basis have been trending 3% above 2018 levels for a week.
Canadian rail and trucking sectors expand as nation’s GDP increases by 0.2 percent, capping its best three-month period in two years.
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
Tariffs and USMCA were among the topics discussed during Tuesday night’s presidential debate.
A small business exporter highlighted the benefits she has reaped from de minimis exemptions during a Senate Finance Committee hearing Tuesday.
Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract
ODYN co-founders to join Turvo in leading a new advanced technology center in Boston.
When deploying a TMS, it’s important to understand what you want it to do, but also what it can’t do for you.
Wabash National says it has $1.2 billion of trailers in its production backlog with cancellations at normal levels and demand robust.
U.S. shale oil production might reach tipping point; U.K. auto industry investment is on the decline; Amazon is looking to expand to food services in India.
Oregon wildfire keeps I-5 lanes closed, while Erick and Flossie head toward Hawaii
Market expert Jesse Cohen writes about the fascinating movement of cars around the world via air cargo.
Jens Bjørn Andersen, chief executive officer, said the company was “very pleased with the strong results for the second quarter of 2019. Global transport markets are soft – especially within air freight, but DSV has managed to outgrow the market while still delivering market leading profitability.”
While many fleets and drivers are using ELDs, there are still some using AOBRDs, and time is quickly running out before the December deadline to switch arrives.
Trucker steers cars clear of accident victim ejected onto a road
Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the second quarter of 2019. Headquartered in Johns Creek, Georgia, the less-than-truckload (LTL) carrier reported an […]
Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was […]
Matching tractors to trailers could improve efficiency and lower costs for trucking fleets is among the concepts that vehicle engineers continue to chase, but the North American freight system might not be able to benefit from these advancements.
The Port of Savannah saw container volumes drop from year-earlier levels as the outlook for international trade remains weak. But the fourth largest U.S. port is still seeing some of […]
The Class I railroads have reported their second quarter/first-half of 2019 results. Jim Blaze writes about what may happen during the remainder of 2019.
Innocent third parties who get caught up in Australia with illegal drug logistics, such as employers and transport operators, do not appear to fear the threat of having their property seized by the authorities.
Another motor carrier has fallen victim to this year’s freight recession as Terrill Transportation Inc. of Livermore, California, abruptly ceased operations on July 30.
Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.
Shippers Transport Express, an affiliate of the stevedoring firm SSA Marine, has obtained a long-term lease on land it uses as a dray-off yard in the Port of Oakland.
CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.
ArcBest posted flat to down second quarter results as a weak LTL macro environment and too much truckload capacity hit its two main units.
The company attributed the revenue slip to pricing and volumes, especially on routes between Europe and Asia.
Minimum coverage would increase from $750,000 to almost $5 million.
Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”
Idle-reduction technology is still not being used by all fleets, despite laws and clear benefits of such systems.
When compliance rate is broken down by fleet type, it becomes clear that some segments of the industry are more compliant than others.
This article brought to you courtesy of NEXT Trucking The Port of Oakland is far from the biggest market for container trucking. But it aims to be among the most […]
R. Eddie Wayland, TCA Legal Counsel A federal trial court in Iowa recently ruled in favor of a carrier in a sexual harassment case. The basic factual allegations are all […]
November contracts from Los Angeles to Dallas traded at $2.103/mile as positive consumer confidence numbers were released.
Brian Aoaeh writes about the use of machine learning to improve supply chains, particularly in the context of decreasing greenhouse gas emissions.
Ryder Systems Inc. posted strong second-quarter revenue but reduced its second-half earnings guidance on weakness in used truck sales and rentals.
Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.
eBay’s Managed Delivery will outsource warehousing, transport, and packaging services.
Indiana-based Cummins Inc. (NYSE: CMI) reported higher revenue and net income, but the power technology company’s second quarter earnings came in below analysts expectations. Cummins posted second quarter earnings of […]
Shipowner organizations are expressing concern about proposed modification of tolls at the Panama Canal on Jan. 1 and are asking for it be postponed until June 2020.
