Logistics M&A slower but opportunities still there
At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.
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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.
Negative driving behaviors — including speeding, rapid acceleration and harsh braking — can have a serious impact on fuel economy and, ultimately, a carrier’s bottom line.
Truck Parking Club is actively seeking businesses and property owners with extra space suitable for truck parking across the United States.
Trade between the U.S. and Mexico is forecast to continue to expand in 2024, boosted by nearshoring and increased Mexican exports.
The benchmark diesel price used for most fuel surcharges rose Tuesday, the first increase since the end of October.
Nikola CEO Steve Girsky knows the challenges the electric truck maker faces but points to 2024 as the company’s best year.
The California Clean Truck Check registration deadline has been extended to Jan. 31.
In this edition: 2024 predictions coming in hot; new TRAC Market Dashboard debuts; and TFI is on the prowl again.
Joining a network of industry professionals provides a tangible sense of security in today’s market. This is especially true in the billing and payment space.
In the closing edition of Drilling Deep for 2023, P. Sean Garney of Scopelitis looks at the regulatory landscape for the new year.
Cart.com recently secured $30 million in venture capital aimed at boosting the e-commerce startup’s balance sheet.
Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.
We take a look back at some of the FreightWaves stories that captured your attention this year.
This week in Borderlands: Exports of Mexican-built cargo trucks fell in November; Rotor Clip opens global distribution center in Texas; Chinese automotive supplier completes $30M expansion in Mexico; and border officials seize $10M worth of narcotics in jalapeno paste.
Labor peace was won at what will be higher costs for shippers and carriers.
U.S. Customs and Border Protection has reopened the international border crossings at Eagle Pass and El Paso, Texas, according to the freight railroads affected by the five-day closure.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
Japan Airlines is restarting its freighter division after 13 years and will fly three 767s exclusively for DHL.
The next year could be fraught with disruption but investment in logistics technology is likely to continue.
Cummins Inc. will pay nearly $1.7 billion to federal and state regulators to settle a more than 4-year-old emissions-cheating case.
TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.
Importers and exporters are looking to air cargo as a way to bypass the dangerous Red Sea and minimize supply chain disruptions.
It’s been a month since Sarah Schultz last saw her truck driver husband, David. “Any scenario you could run through your head is probably a possibility,” the Sac County sheriff said.
Vivek Ramaswamy, a Republican presidential candidate, wants to address truck driver retention, broker fraud and parking.
C.H. Robinson has begun a search to replace Mike Zechmeister, who will remain until a successor is named, or no later than May 31, 2024.
FedEx says it is confident that it has maintained the parcel volumes that moved from UPS.
A lawsuit challenging the waiver granted by the EPA to California for its Advanced Clean Trucks rule will be delayed.
Frictionless commerce tops list of retail trends.
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Chris Woody, director of safety at The M&W Logistics Group.
In this edition: Reno gets a new cold storage facility, communities recognize the importance of cold storage and more food options come to the grocery stores.
A report released Monday by the American Transportation Research Institute (ATRI) examines the costs and potential impacts associated with California’s push for zero-emission vehicles. This report is a companion to a December 2022 ATRI report titled “Charging Infrastructure Challenges for the U.S. Electric Vehicle Fleet.
HaulerHub’s Sam Agyemang and Sagar Sudhir unveiled strategies to streamline operations and enhance security in U.S. trucking.
In the age of social media, rumors are rampant in the shipping industry. But this article from the archives of American Shipper examines how rumors also plagued logistics in the 1980s, pre-social media.
Parallel Systems recently gave a public demonstration of how its autonomous rail vehicle technology works.
C.H. Robinson President and CEO David Bozeman says he’s surprised that so much truck capacity remains this late in the cycle.
There’s a new nuclear verdict against a trucking company and it comes out of a case in Georgia.
The U.S. freight rail industry got schooled in 2023 on issues including the three R’s: rail safety, reciprocal switching and relationships.
A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.
Amelia Earhart’s achievements go beyond aviation, and the pilot has done much more than she is given credit for. This museum gives insight into her impressive career and contributions to the industry and beyond.
Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.
The Port of New Orleans is receiving a $73.77 million federal grant to assist in building the $1.8 billion Louisiana International Terminal.
Container ships have forsaken the Red Sea route but many bulk commodity vessels continue to transit the danger zone.
Nikola will send its fuel cell electric vehicles to FirstElement Fuel hydrogen stations in California, a partial fueling supply solution.
Major advances from two drone companies move the industry forward.
The United States imported over $4 billion worth of imports of Christmas decorations in 2022, with most coming from China, Vietnam and Mexico.
The Winnipeg Airport Authority is ready to begin the next phase of its cargo expansion and modernization project with an investment from the Canadian government.
An earlier Uber/Postmates court victory over AB5 in California has been vacated.
Three companies departed autonomous trucking in 2023 as Aurora Innovation, Kodiak Robotics and Torc Robotics staked leadership claims.
FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.
Union Pacific wants customers to lobby Congress to get U.S. Customs and Border Protection to say when suspended freight rail operations in El Paso and Eagle Pass, Texas, will resume.
DHL ground support workers at the company’s Cincinnati airport hub ended their strike after an agreement on a new contract.
A small victory in court over a new California rule doesn’t slow another part of the state’s march toward zero-emission refrigerated trucks … but not trailers.
Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.
Florida International University College of Business’ Michael White brings his executive wisdom to the classroom.
Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
A new owner sees air cargo potential for underutilized property at Calgary airport in Alberta, Canada.
In this edition: looking back at 2023 predictions and one more labor dispute to close out the year.
Trailer orders are returning to pre-2020 normal rates, even with a 38% month-over-month decline in November.
The new CEO of C.H. Robinson has never led a freight brokerage. His beginner’s mind might be what the beleaguered company needs.
The days between November and January are often dubbed the “happiest time of the year,” but this time span can also be the most dangerous for drivers.
BWT Logistics announces it has acquired North Carolina-based regional 3PL International Express Trucking
Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”
The benchmark diesel price used for most fuel surcharges was down Monday, but its long decline is threatened by Red Sea strife.
A growing number of ship operators are refusing to transit the Red Sea and taking a very long detour around Africa instead.
FedEx is following its rivals’ leads with a no-box, no-label returns program.
This monthly report analyzes the current state of the freight market based on critical insights from our SONAR platform.
While navigating shifting market conditions can be stressful, shippers that focus their attention on increasing their own operational efficiency and cost-effectiveness can thrive during this time.
It is unclear whether the reduction in emissions is a result of a genuine effort to mitigate environmental impact or a consequence of market dynamics.
Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)
U.S. border officials on Monday suspended freight rail operations in El Paso and Eagle Pass, Texas, in response to a surge in migrants in the region.
New York becomes the 11th state to require freight trains to have at least two crew members.
A panel at a conference on private equity in transportation reviewed the reasons why Convoy collapsed.
The anticipated cuts in the fed funds rate will bring institutional capital off the sidelines in the second half of 2024, Prologis predicted.
Air China Cargo is adding Airbus freighters to its fleet after previously operating Boeing jets.
The year’s five biggest U.S.-Canada cross-border supply chain-related stories are highlighted.
This week in Borderlands: Mexico averaged 57 thefts a day from cargo trucks in the third quarter; second rail bridge proposed for Texas port of entry; Arizona plans to expand truck parking along highways; and Holt Truck Centers opens facility in North Texas.
The data does suggest that the supply of capacity and demand for its use is moving back toward equilibrium at a relatively fast clip.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
Striking airport workers at the DHL Express hub outside Cincinnati have picked up support from union members around the country, slowing customer shipments.
Two environmental groups say BNSF should do more to reduce deaths of grizzly bears being hit by freight trains on federally protected grounds in Idaho and Montana.
On this week’s Drilling Deep, we talk truck parking and weakening oil demand. (Photo: Jim Allen/FreightWaves)
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Wreaths Across America; Courtney George; Graig Morin; Tom Curee; Justin Martin; Matthew Leffler; Reed Loustalot; Paul-Bernard Jaralowski
UPS’ ground delivery surcharge increase comes amid a continued decline in diesel pump prices.
Tender volumes began to outpace 2020 earlier this week and are now marching toward favorable comparisons with 2021.
Intermodal rail can and should be a competitive transportation mode, provided that short-line railroads play a part and more investments go into developing intermodal hubs and insightful data sets, according to a report commissioned by the Environmental Defense Fund.
In this edition: The Promoting Resilient Supply Chains Act makes it to the next phase and Blue Apron gets in the prepared food game.
TE Management affiliate American Industrial Transport has completed its acquisition of the rail car assets of SMBC Rail Services.
Turkish Airlines said it plans to buy five large freighters from Airbus.