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FreightWaves Staff Friday, April 19, 2019

What The Truck?!? – April 19, 2019

What the Truck is going on in all things freight this week? Weekly Market Update: J.B. Hunt misses analysts’ first quarter earnings and revenue estimates. Truckload carriers’ first quarter results don’t appear to be in jeopardy after the J.B. Hunt report. Marten Transport reports best-ever net increase of more than 30 percent in first quarter of 2019. What gets hauled to Vegas, stays in Vegas.And then on to the freight tech headlines of the week.

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FreightWaves Staff Friday, April 19, 2019

Marine terminal operators sting Australian shippers, truckers with huge surcharges

Australia’s import, export and logistics industries are in dismay at a massively escalating series of surcharges that are being unilaterally charged to truckers and shippers by the nation’s main box terminal operators. There have been hikes in surcharges of hundreds of percentage points. And, in one case, an imposed surcharge was literally increased over a couple of years by 2,372 percent. Industry executives are furious.

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FreightWaves Staff Friday, April 19, 2019

Hong Kong’s first quarter 2019 box volumes plummet

There has been a steep drop in the volume of box traffic handled at Hong Kong, one of the world’s busiest box ports. Containerized throughput at Hong Kong took a dive in the first three months of 2019 when compared to the first quarter of 2018, according to preliminary figures from the Hong Kong Marine Department. Box traffic was down, on average, by 10.2 percent in the first quarter of 2019 compared to the first quarter of 2018.

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