News

Capacity has returned to freight markets and spot rates are falling against “contract.”

The railroad said second quarter revenue totaled $714 million, a 5 percent increase from $682 million for the same period in 2018.

Plus: Cannabis marketplace EAZE cuts revenue projections by half; Uber funds Seattle congestion pricing report.

The congressional delegation trip caps off an active week on Capitol Hill regarding consideration of the new NAFTA.

Second executive of Casey’s Seafood in Newport News, Va., faces five years in jail and a fine for his role in falsely representing foreign crabmeat as U.S. product.

The data on truck company failures is pointing to a rocky period for shutdowns, and the prospect of higher diesel prices isn’t going to help.  That’s the message of Seth […]

Eric Hirschhorn, BIS chief during the Obama administration, said interactions with industry when reforming export control regulations are vital and warned the agency needs more resources to carry out its […]

After decades of planning and discussion, freight traffic could finally have an alternative highway loop around Dallas that saves them from bottlenecks along Interstate 35. The Loop 9 project will […]

APM Terminals reached a deal with the longshore union at the Port of Los Angeles to retrain dock workers in repairing the automated cargo handling equipment that will take their […]

Declaring an undervalue on imported watercraft has triggered demands for millions of dollars in duty from the authorities. Experts say customs authorities will, in future, only become more efficient… and aggressive.

East Coast ports controlled nearly half of all US TEU traffic last year, JLL report says

Add Covenant Transportation Group (NASDAQ: CVTI) to the group of truckload carriers that won’t be able to meet analyst expectations for the second quarter of 2019.

Critics of the proposed location for an Oakland Athletics baseball stadium point to a study that says the Howard Terminal site will be needed for cargo.

Marten Transport posted its best-ever second quarter operating revenue and income in the company’s 74-year history, the company said in its July 18 earnings release.

It’s hard to blame the skeptics, given what has happened in the past, but dry bulk freight rates are getting pretty impressive.

Volvo Group and Samsung SDI will work together to advance Volvo’s electric truck plans with direct supply of battery cells and packs to Volvo manufacturing plants.

“You’ve heard me say this many, many times – we’re not going to use the lack of volume as an excuse not to make aggressive achievements on our productivity,” Union Pacific chief financial officer Rob Knight said.

A multilateral steel group mandate was not renewed in Japan, says the deputy director of the National Economic Council during a think tank discussion Wednesday.

Heat wave spreading across dozens of states

Dothan, Alabama-based AAA Cooper Transportation said it will start offering a free GPS shipment tracking system to its customers starting on July 28.

“Rest assured our commitment to achieving our financial targets is unwavering and has never been stronger,” says CFO Rob Knight.

The United States is sending an additional deployment of 1,100 active-duty troops and 1,000 Texas National Guard soldiers to the U.S.-Mexico border, Pentagon officials announced July 17. The new active-duty […]

Today’s fleets contend with the Amazon effect on logistics, have to keep up customer satisfaction levels, minimize operational costs and also attract and retain drivers. Technology could help make these challenges easier.

Canadian transportation and logistics firm selects interim chief financial officer Alex Fu for the permanent post.

The importance of technicians and the cost of technicians as part of the total cost of ownership is covered in this article by Gerry Mead.

Trailer orders are plunging during the month of June.

ATA concerned that extending deadlines could affect proper enforcement.

The Federal Motor Carrier Safety Administration has proposed delaying two provisions in its entry-level driver training rule until February 2022.

Sherrod Brown and Ron Wyden urge Customs and Border Protection to issue a withhold release order to prevent such imports from entering U.S. commerce.

The clean balance sheet and deteriorating fundamentals in the TL space that could force some carriers to look for the exit begs the question, ‘will we see Heartland become acquisitive again?’

Tiny landlocked kingdom on the eastern edge of the Himalayas moves aggregate via the Brahmaputra River.

Drivers in nearly two dozen states dealing with dangerous heat, humidity

The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018

Global economic slowdown has led to massive decrease in foreign real estate investment; ecommerce continues rapid growth; global auto industry slowdown might see drop in OEM earnings.

Volvo Group posted record second-quarter sales and earnings but warned that production cuts are likely in the second half as a huge backlog of heavy-duty truck orders from 2018 shrinks in size. (Image: Volvo)

Hapag-Lloyd, Yang Ming, Ocean Network Express, COSCO and OOCL will begin service in October.

Investor speculation that VW’s Traton SE would complete an acquisition of Navistar International took a hit along with the share price July 17 when the head of Traton said he was satisfied with the present 16.8 percent of the Illinois company’s shares.

Calls for the Trump administration to impose trade sanctions against Turkey for its recent purchase of a Russian-made surface-to-air missile system are becoming louder from Capitol Hill.

Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.

Union Pacific set an all-time record for its operating ratio in the second quarter despite lower freight volumes and a decline in freight revenue.

A five percent drop in licenses contributed to a modest disappointment, but management is excited about Qualtrics.

Four months into the MAX grounding and several more to go, what’s the latest on the air cargo impact?

The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port.  The Port of Charleston’s two […]

The Federal Maritime Commission will monitor the transparency of bunker-adjustment factor formulas as the IMO low-sulfur fuel mandate looms, Chairman Michael Khouri said.

The oil tanker industry is nearly 130 years old, having first been developed in 1890 by the founder of Shell. Now the industry may be entering its twilight if, and […]

A truck driver who was convicted and sentenced for dangerously driving his truck in a way that caused grievous bodily harm and severe brain damage to a young woman has escaped a much more severe sentence owing to bureaucratic failings.

A simmering industrial dispute in Australia burst into fire this morning when maritime box terminal operator DP World Australia used local media to threaten longshoremen with job losses. Strikes confirmed at Sydney, Fremantle and Brisbane.

Sudden surge in marine fuel costs could spur shippers to consider switch to California over Panama Canal route.

North Dakota filed a petition on the afternoon of July 17 asking the federal government to block the state of Washington from enforcing a law that would restrict crude oil-by-rail […]

The transportation and logistics industry is evolving at breakneck speed, and keeping up has never been more important.

This is the fourth consecutive quarter IBM has reported falling revenues.

A survey of 600 industrial buyers in three Asia-Pacific countries found that buyers rely as much on traditional forms of procurement channels as they do on e-commerce, and that so-called […]

DHL is planning to provide customers with exact delivery times through email and then follow up with another alert 15 minutes before the package reaches a customer’s doorstep.

The continued decline of U.S. rail volumes was one of the themes mentioned in the second quarter earnings calls for CSX and Canadian Pacific.

Cargo aircraft lacking reinforced cockpit doors, firefighting response on the ground.

Busiest port in the world, Shanghai, may have to deal with tropical storm-related delays

The combination of volume weakness, excess capacity, declining rates and formidable year-over-year earnings comparisons have resulted in the public carriers finally waving the white flag and acknowledging that 2019 will be a struggle.

Peloton Technology unveiled its vision to develop its new Level 4 automated following technology on July 17 at the Automated Vehicle Symposium in Orlando, Florida.

Sandeep Kar has written a thought-provoking article about changes in trucks and how those changes affect truck drivers. He also writes about what the future may hold for truck drivers in the coming years.

A record number of Mexican-made vehicles cross the borders to be sold in North American and Asian markets.

Mexican factories exported a record-breaking 1.74 million vehicles worldwide during the first six months of 2019.  The majority of those vehicles – 1.37 million – were shipped north across the […]

A House subcommittee told Tuesday CBP fentanyl seizures thus far in FY19 equal all of FY18.

Second-quarter net profit totaled CA$724 million compared with CA$436 million in the second quarter of 2018.

Crank your curiosity up to 11 because on this episode of Freight All Kinds, we cover how concert stages tour from arena to arena. FreightWaves Managing Editor Mark Solomon joins […]

Trailer orders hit their lowest level in nearly a decade in June, mirroring the slowdown in new truck orders after record performances for both in 2018.

Norfolk Southern and Union Pacific are modifying some of the ways they collect demurrage and accessorial charges for some commodities, but some shippers are questioning the modifications.

Package surge from Amazon’s annual sales blitz overwhelms workplaces as more people get deliveries at their offices.

The transportation and logistics industry is evolving at breakneck speed, and keeping up has never been more important.

Another shoe drops as the heart of truckload earnings season commences with Knight-Swift saying that it won’t meet analyst expectations.

Private fleet drivers stay with the company for 10 years on average.

The World Trade Organization Appellate Body finds against prior U.S. CV duties on China.

Plastic waste originated in the U.S. and Canada, says the Ministry of Environment.

“The present economic backdrop is one of the most puzzling I have experienced in my career,” says CEO James M. Foote.

Heat index to crack 105° in many U.S. cities, while a Tropical Storm spins near eastern Asia

The Chattanooga brokerage is on pace to double revenue in 2019.

The tunnel “enables vehicles traveling on one side of a one-way frontage road to make a U-turn onto the opposite frontage road without stopping at a traffic signal.”

The $1.2 billion expansion could nearly double capacity at the country’s busiest seaport.

“The present economic backdrop is one of the most puzzling I have experienced in my career..”

Electric vehicle charge points will now be installed in every newly constructed residential and non-residential building as part of a larger plan to expedite EV adoption in the U.K.

A bipartisan group of U.S. lawmakers introduced legislation that would require congressional approval to remove Huawei from the Commerce Department’s Entity List.

An attempt to illegally ship a U.S.-made drill to Iran nets a $300,000 civil penalty and an export denial from the Bureau of Industry and Security.

Volvo Trucks says anyone involved in heavy-duty trucking has a “moral obligation” to make trucking safer.

A new report shows self-employed drivers earn more than company drivers.

Mexico’s government wants to build a new marine terminal that could nearly double the annual volume of containers moving through the country’s busiest seaport. The Port of Manzanillo said the […]

An exclusive interview with John Kartsonas, the developer of the BDRY exchange-traded fund that tracks bulker rates.

The trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure.

Getting concert tours to where they need to go is a specialized gig

Kal Atwal becomes executive vice president as Canadian transportation and logistics company integrates bankrupt courier BeavEx’s business.

The president’s executive order sets the stage for higher domestic content requirements for federal procurements and a threshold for iron and steel products.

Those convicted will be banned for life from obtaining a CDL.

Despite a drop in profit in the second quarter, CSX’s (NYSE: CSX) operating ratio set a company record.

Canadian Pacific’s (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service.

Small carriers and owner-operators continue to lag behind their larger counterparts in making the switch from automatic onboard recording devices (AOBRDs) to electronic logging devices (ELDs).

A platform was rolled out on Tuesday that automates the shipping process for auction houses and bidders of high end items

Michigan State University and the FreightWaves Freight Intel Group have developed research on spot market freight. Read about that research here.

How to read the Class I railroads’ second-quarter earnings reports and what questions to ask.

Freight-matching startup SmartHop has joined TechStars NYC, a summer accelerator program that started yesterday, July 15. The company is excited about participating in the 13-week immersion program, said CEO and […]

Economic data from the goods side of the economy continued to trend in a positive direction in June, as both retail sales and industrial production posted solid gains.

Laredo Mayor Pete Saenz highlights improvements being made to the World Trade Bridge at the Texas-Mexico border.

The trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure. Preliminary used Class […]