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YRC Worldwide (NASDAQ: YRCW) posted a $31.7 million consolidated operating loss on first-quarter revenue of $1.182 billion, which declined slightly from first-quarter 2018 revenues of $1.215 billion. In first quarter […]
Freighter aircraft deployments and additional business handled for the U.S. Department of Defense helped raise first quarter earnings and revenue by double-digits for cargo aircraft leasing company Air Transport Services […]
She previously worked in the Transportation Department in various roles from 2003 to 2008.
Australian ports recorded in excess of 1.94 million twenty foot equivalent (TEU) container movements during the first quarter of 2019. But freight forwarders sense a downturn may be about to happen…
On-demand warehousing company Flexe announced a $43 million Series B funding round on May 7.
Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight […]
NASDAQ-listed Eagle Bulk believes its ‘owner-operator’ model allows it earn more than ‘pure owner’ competitors.
Over the last decade, J.B. Hunt has not only tripled in size, but has evolved from a big truckload and intermodal operator to offering dedicated services and what has turned […]
Nikola executive Elizabeth Fretheim’s journey to a company developing zero-emissions trucks had an unlikely start in Canada’s oilpatch.
Ride-hailing company Lyft (NYSE: LYFT) reported a first quarter 2019 net loss of $1.14 billion, or a net loss of $48.53 per share, the company said on May 7. In […]
Uber and Lyft drivers are planning to strike on May 8 at 10 locations in the U.S. to protest low wages among other concerns. Organizer Rideshare Drivers United is planning […]
Getting better use from your logistics assets, whether it be drivers, trucks, trailers, or general staff, is a major theme of Transparency19. And the Rapid-Fire Demonstrations on the second day […]
Convey, the six-year-old company trying to reinvent supply chains, has announced a partnership with MercuryGate that it said will improve the last-mile delivery experience for shippers and end customers. Convey’s […]
XPO Logistics, Inc. (NYSE:XPO) was prepping late last year for a massive acquisition, one that Chairman and CEO Brad Jacobs said Tuesday would have effectively doubled XPO’s $17 billion a […]
Amazon’s explosive growth and e-commerce domination, which has contributed to its expansive transportation and logistics footprint around the globe, is the subject of a second book by Brad Stone.
Energy efficiency is key to the reaching climate change goals and Siemens’ eHighway launched on 7 May 2019 is a step towards cutting air pollution in the future.
A chief human resources officer is hired and an interim managing director is appointed.
Women are underrepresented across the board in transportation and logistics, with just over 20 percent of managers in transportation, storage and distribution identifying as female.
When Paul Svindland took over as CEO of Celadon Group (OTCPink: CGIP) in the summer of 2017, he was stepping into an operation that had been riddled with financial concerns […]
On Monday afternoon at Transparency19, Addison Armstrong, executive director of trucking freight futures at FreightWaves, moderated a conversation between Nodal Exchange, where freight futures are traded, DAT, whose rate indexes […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share compared with the break-even consensus estimate. The asset-right and asset-light logistics service provider’s reported revenue of $507.1 […]
The $562 million transaction will help Singamas shift its business focus to logistics services and the manufacturing and sale of specialized containers.
TravelCenters of America announced higher fuel volumes and revenue, but one-time charges led to a quarterly loss.
While it posted a decline in sales, Workhorse is optimistic about its future with full production of its electric van set for this fall.
NYSE-listed Global Ship Lease is reporting improved conditions in the container ship chartering market.
Private equity Wind Point Partners has taken over Kentucky-based A&R Logistics, which plans to continue building resins handling facilities in Charleston and Savannah.
Speakers talked about the negative impact caused by the tariffs during a discussion co-hosted by Tariffs Hurt the Heartland and the Council of the Great Lakes Region.
The afternoon block of freight technology demonstrations at Transparency19 in Atlanta May 6 brought home the value of information technology in optimizing the basic blocking-and-tackle functions that could make or […]
Domino’s Pizza has partnered with SingularityNET, to test decentralized AI services in an attempt to automate portions of its delivery operations.
There is not enough time to front-load shipments if Trump acts later this week.
Uncertainty around the ability of Theresa May to sustain her leadership remains a problem in the Labour Party’s Brexit negotiations with the Tories.
Presented by Slync… smart investments in supply chain tech is crucial to competing.
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share versus the break-even consensus estimate. The asset-light logistics service provider’s first quarter 2019 loss was much lower […]
The Massachusetts Port Authority plans to acquire two additional rubber-tired gantry cranes by year’s end for a total of 16 in operation at Conley Terminal.
Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships […]
Macquarie Infrastructure fund selling facilities to the Singapore-owned terminal operator for an undisclosed price.
It’s been busy in Australian trucking. A hostile takeover bid has succeeded, subject to shareholder and regulatory approvals. An innovative Aussie manufacturer has invented a new kind of intermodal tanker for dangerous chemicals. This, and more, in Down Under Trucking.
After a brief hiatus, technology pioneer Anthony Levandowski has reappeared on the autonomous vehicle scene, but has dialed back his initial vision for driverless trucks in favor of a new safety system designed to assist drivers behind the wheel.
The shadow of obsolescence seems to be hanging over freight brokerages, given the rise of digital load matching apps and other technologies. But industry veteran Andrew Clarke says he is […]
A California federal court dismissed part of a class-action lawsuit against U.S. Xpress (NYSE: USX) that claimed the Chattanooga, Tennessee-based truckload carrier violated the state’s meal and rest break laws. […]
Stocks of publicly listed ship owners, particularly in the dry bulk sector, are feeling the fallout of trade tensions.
Machine learning and artificial intelligence took the spotlight as 10 companies showcased the latest in technology that is disrupting the transportation and logistics world at Transparency19 in Atlanta. Each presenter […]
Long thought of as a global exchange company for buying and selling securities, Nasdaq has used its marketplace expertise and technology knowhow to leverage itself into a partner and provider […]
Union Pacific (NYSE: UNP) announced which intermodal terminals it would close around Chicago, Illinois, weeks after hinting on its first quarter earnings call that it planned to consolidate operations there. […]
During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO […]
Quantum computing’s advocates – there about 25 companies currently studying it – believe the technology heralds a massive improvement over the advanced systems that are becoming mainstream today. For transport […]
Lamenting the rise of “fake entrepreneurship,” wine critic turned author, investor and internet personality Gary Vaynerchuk delivered a funny, provocative critique of today’s overheated startup scene as well as legacy […]
Leading transportation management and logistics service provider SEND Transportation has integrated Trucker Tools’ Smart Capacity into its operations.
The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus […]
Dolly has raised $7.5 million in Series B funding, which is expected to expedite Dolly’s entrance into new markets and also help grow its operational and technical teams.
Transplace has announced the appointment of Matthew Harding as senior vice president of data science. Harding, who rejoins Transplace after a nine-plus year stay at Chainalytics, will lead the company’s […]
Tariffs across $200 billion worth of goods in yearly import value will be raised from 10 percent to 25 percent on Friday, the president tweeted on Sunday.
Toll Global Forwarding has been selected by the Port of Los Angeles to negotiate a lease for a prime warehousing location currently used by NFI’s Cal Cartage unit.
J.B. Hunt is transforming into a truly mode-agnostic capacity provider.
Launching this summer, 360box will introduce a pool of 500 additional 53-foot trailers businesses can reserve for drop-trailer purposes.
Transparency19 kicked off on the morning of May 6 with an overview of the tech disruption taking place in the freight industry, a call for companies to move beyond sector […]
The House committee on Friday sent its latest in a round of letters to U.S. Trade Representative Robert Lighthizer outlining concerns with the U.S.-Mexico-Canada Agreement.
The port announced Monday it also set a March record for cargo handled by rail.
Laurent Foloppe, Martin Stoekenbroek and Matthew Harding have new roles.
Implementation of the national agreement, which is retroactive to April 1, is delayed until a supplemental contract with Joint Council 40 is resolved.
Daseke, Inc. (NASDAQ: DSKE), the largest flatbed, specialized transportation and logistics solutions company in North America, reported first quarter 2019 adjusted net income of $1.8 million in the period, $3.8 […]
White House makes sudden u-turn on tariff truce, upsetting calm in financial markets. President Donald Trump ended the spring truce in the U.S.-China trade war this weekend, with threat to […]
The president will pick Mark Morgan, former Border Patrol director during the waning days of the Obama administration, to head Immigration and Customs Enforcement.
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. […]
France is banning electric scooters from riding on the pavement; U.S. oil rig count has fell since the end of 2018; self-driving vehicle companies are pushing towards favorable government regulations for commercial deployment.
TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner SCHUMER AND PELOSI OUTSIDE THE WHITE HOUSE EARLIER THIS YEAR. (IMAGE: SHUTTERSTOCK) Let’s play […]
Berkshire Hathway (NYSE: BRK) chairman and CEO Warren Buffett said he would be willing to consider some form of precision scheduled railroading (PSR) for western U.S. railroad BNSF, although he […]
Avin International and Nicos I.V. Special Maritime Enterprises were sentenced to pay a $4 million fine for illegally dumping oily bilge in the waters off Houston and Port Arthur.
Public ship owners like Navios Partners saw rates fall due to cuts in Brazilian iron-ore exports.
FreightWaves’ SONAR chart of the week (May 5, 2019 – May 11, 2019) Chart of the Week: Drilling Permit Approvals, New Drilling (USA) vs. WTI crude oil price (SONAR: DRILLNEW.USA, […]
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead, with special acknowledgement for the headline this week […]
We do things a little differently here at FreightWaves, and our events are no exception. To help prepare you for the week ahead, we’ve compiled a top 10 list of […]
Trade would sort itself out in the longer run post-Brexit, but it is hard to forecast when that would happen.
FreightWaves continues to push more features and data into its data analytics platform with 8 new features and 3 data sets.
Brexit has not been explicitly blamed for the sale of Bombardier’s Northern Irish operation, but the EU withdrawal is a strong suspect, in putting 3,600 jobs at risk.
For the second time in less than a week, a trucking carrier has shut its doors with no advanced warning.
The two leading shareholder advisory firms have said they will support an International Brotherhood of Teamsters proposal to separate the chairman and CEO positions at XPO Logistics, Inc. (NYSE:XPO) and […]
“Any attempt by the United States to reverse course on IMO 2020 could…potentially backfire on consumers.”
Rank-and-file approve by 60-40 margin.
Saskatchewan’s highest court quashed a challenge to the Canadian government’s carbon tax, ruling that it was constitutional. The 151-page ruling by a majority of the Court of Appeal, released on […]
Executives at GasLog Ltd. believe the LNG shipping spot market is set to rebound. Others are not so sure.
One of the best ways to visualize these tariff-driven effects on the truckload market is to compare the amount of outbound tender volumes with the amount of outbound tender rejections in Los Angeles, CA and Savannah, GA.
The agency on Thursday released its strategy for 2020-2025 in which it highlighted predictive analytics as a potential tool for trade enforcement.
Bills in state legislature to limit containerships calling Houston could “crush” economic growth, say International Longshoremen’s Association and USMX.
Connecticut Port Authority partners with wind energy company Ørsted and the electric utility Eversource on $93 million of improvements in New London.
Honors also go to Abdullah Aldubaikhi, Rich Cooper, Robinson carriers, Dayton Freight, DSV, Gebrüder Weiss, IFOY winners, MIQ, Resilience360, TenderEasy and Transporeon.
The new incentive plan is structured so that drivers are rewarded for their longevity with the company in combination with their performance.
In this commentary article, Donald Broughton looks at the second part of the economy – the consumer economy – and where we are now in the economic cycle.
H.R. 2396 would unlock the HMTF’s existing $9.3 billion balance and enable the expenditure of about $34 billion over the next decade.
U.S. Trade Representative Robert Lighthizer made the statement about the third tranche of tariffs in response to questions after a Ways and Means hearing.
The uncertainty over whether and when the U.S. and China will reach a trade agreement this year is creating a cloudy outlook for grain volumes this fall.
“We expect uncertainty to persist in the grain market due to the foreign tariffs,” said Kenny Rocker, Union Pacific (NYSE: UNP) executive vice president for marketing and sales.
Port commissioners will decide whether to give the Oakland Athletics four years to complete studies and agreements for proposed baseball stadium that industry opposes.
Increased visibility throughout the supply chain could help improve the length of haul from the OEM to the dealership, speakers said Tuesday at the JAXPORT conference.
Government approval has been given for the construction of a $250 million (US$175 million) liquefied natural gas import terminal at Port Kembla, 44 miles to the south-south-west of Sydney, Australia. The country is facing a shortage of gas and record high prices, which is somewhat ironic because Australia is likely the world’s biggest exporter of gas.
(PHOTO: SHUTTERSTOCK) Guest post by FreightWaves’ Henry Byers The US-China trade war has had a massive impact on supply and demand within the US truckload market. Companies scrambling to beat […]
The National Association of Manufacturers hopes the pressure to vote on nominees will break years-long failure to restore the Export-Import Bank’s full loan-making authority.
Coyote Logistics Chief Strategy Officer Chris Pickett says shippers can benefit from the sharp drop in spot rates and believes the market still has yet to hit bottom.
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Former Falcon Transport executives allege that financial mismanagement and a poorly negotiated contract with General Motors led to the company’s abrupt closure on April 27.
