News

The major east-west highway was closed for less than 48 hours. The biggest impact on trucking may come in the next few weeks, when the crops normally hauled out of Georgia just aren’t there.

Offshore wind farm business could be the biggest catch reeled in yet.

Four new inbound truck lanes recently opened at Virginia International Gateway, increasing the capacity at the terminal’s gate complex by 30 percent.

Carriers are sharing space on three services in Asia and will begin sharing space on seven services in North Europe and the Mediterranean this month.

Greek ship tracking company appoints chief operating officer; North American stevedore and marine terminal operator names director of business development.

The service is being operated by Atlas Air Worldwide with Boeing 767-300F aircraft.

The president has 60 days to review the determination of intellectual property infringement.

Hurricane Michael has forced some trucking operations to shut down, but relief efforts haven’t had major interruptions.

Most of the move has no impact on ecommerce or last mile, but one small change could bring some new demand.

An update on how many people have lost power due to Hurricane Michael.

Massive scale, cyclical and structural advantages, and best-in-class technology make C.H. Robinson a ‘buy’ despite a transports selloff, say analysts at Stifel and Goldman Sachs.

About 80 miles of the major east-west interstate highway were closed eastbound with a smaller amount closed westbound.

Chainstack, a multi-cloud and multi-protocol Platform as a Service that empowers businesses to rapidly build, deploy and manage decentralized networks and services, has joined the Blockchain in Transport Alliance (BiTA)..

Netradyne, a startup that uses computer vision to understand and improve driver behavior, has raised $21 million in its Series B funding, led by Microsoft’s venture arm, M12.

Hurricane Michael’s historic winds caused two known deaths so far as it lashed the northern Gulf coast on Wednesday. Damage in the Carolinas possible today.

Shippers should recognize annual patterns to move goods more efficiently.

Norfolk Southern accused of using shortline railroad as a “chess piece” to maintain monopolistic control over intermodal access in and out of Norfolk International Terminal.

The Swiss company said it instead plans to explore measures to enhance its performance with CMA CGM.

In partnership with Reliance Partners …Learn how truck drivers can be more proactive about safety on the roadways in light of the recent increase in fatal crashes.  

Hunt anticipates a $28.9 million hit to earnings when the award is combined with a driver settlement and charge related to a customer bankruptcy.

Hurricane Michael has devastated parts of the Florida Panhandle, destroying buildings and knocking out power to hundreds of thousands of customers. One man was killed.

North Carolina ports closed as storm brings heavy winds and rain.

The Committee on Foreign Investment in the United States is expanding reviews of foreign acquisitions involving sensitive U.S. technologies and intellectual property.

Legislation authorizing billions of dollars to improve U.S. ports, dams and harbors heads to the president for signature into law.

   The White House on Tuesday announced a new national initiative to fight illicit wildlife trafficking.     Officials from the Justice, State and Interior departments will co-chair the U.S. task […]

The Trump administration told international law enforcement agencies in London this week that it will contribute more than $90 million next year.

Hurricane Michael has already knocked out power to hundreds of thousands of people in the South with to come.

40 groundbreaking demos, 37 industry experts, 1 high-powered event. Don’t miss MarketWaves18 November 12-13, 2018 in Grapevine, Texas.

Truckload volume continues to decline to annual lows after the first week of October. Freight volume is redistributing out west as Michael hits the Southeast U.S.

Traffic congestion is only getting worse. Our latest series of infographics will break down the ASCE’s Infrastructure Report Card.

The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.

Now that major Hurricane Michael has made landfall, the focus will soon shift from preparedness to relief as aid and logistics organizations get ready to help.

Sears Holdings, once the nation’s largest retailer, now appears to be headed for bankruptcy, according to the Wall Street Journal. The company has struggled to adjust as e-commerce has gained share in the retail space, and has begun to hire bankruptcy advisers to prepare for filing as soon as next week.

As monster Hurricane Michael closes in on the Florida panhandle, many people have gone to approved shelters or evacuated. How will their homes handle the ferocious winds that are coming?

FreightWaves has been named to the 2018 CNBC Upstart 100 List, “a new original list of the brightest, most intriguing, young startups promising to become the great companies of tomorrow.”

Most of the hit is coming from an arbitration award with BNSF. Its conference call with investors is a change in its normal practice.

Hurricane Michael is forecast to make landfall as a strengthening Category 4; Sears may go bankrupt; retailers struggle to fill the hole left by Toys R Us; Cowen is bullish on Canadian Pacific; Seoul continues ploughing money into HMM to cover operations.

Data on producer prices shows that overall inflation pressure continued to stabilize at the end of the 3rd quarter, rising modestly in September.  Rates within trucking posted stronger growth during the month, led by big increases in LTL pricing.

Pensacola and Panama City ports are closed; FMCSA issues regional declaration for the transport of emergency supplies.

As if Hurricane Michael couldn’t become more dangerous, it got stronger overnight. Now a CAT 4 just hours from landfall in north Florida, all people can do is brace themselves.

Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.

Chairman of the board elected to lead railway; managing director hired in Singapore.

Major Hurricane Michael forces more closings as storm gets closer to north Florida. Waters beginning to rise.

“Best-in-class shipping experience” will include visibility during the entire freight journey.

Volumes still strong in run-up to tariffs, as retailers ramp up imports.

Major Hurricane Michael is less than 24 hours from landfall in north Florida. Transportation and offices are shutting down during final preparations.

Ports remain open, but plans to ride out storm must be made.

Gains in rates will moderate in coming quarters, but underlying issues of driver availability will keep market tight.

Norfolk Southern has control over a small connector railroad in the Hampton Roads port area, and CSX says it is using that control to block CSX from launching significant intermodal service there.

BoxLock- The Lost Package Problem

Michael is quickly becoming a potentially life-threatening hurricane, heading toward the Gulf coast of Florida. Crews are hurrying to prepare and keep people safe.

Hurricane Michael’s forecasted track will take it right over the primary cotton producing region in Georgia and South Carolina, and heavy rain could threaten the harvest of the crop, now in its most vulnerable phase.

The deal marks Transplace’s eighth acquisition in seven years, according to Transplace CEO Frank McGuigan.

Hurricane Michael could cause widespread, long-lasting damage on Florida’s Gulf coast. Flooding and destructive winds.

FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.

It’s a wide range of opinions that are expressed in FMCSA’s call for comments on changes in the HOS rule.

Tri-state Truck Center in Memphis is part of a family-owned dealership chain. The Memphis location has historical significance, as it was built on the site of Martin’s Stadium, home of the Memphis Red Sox Negro League team for decades.

Shipwell, a freight shipping platform that makes shipping a seamless experience for SMEs, has raised $10 million in its Series A financing round, led by Fifth Wall VC.

In Today’s Pickup: Michael is headed toward the Gulf, a quote by Hunter Harrison and a not-complimentary look at the job of a truck driver.

Cashflow Corner presented by TriumphPay …Branding. It’s a word that you probably don’t associate with your trucking company, but one that can help you win business, if it’s done right.

Potentially devastating hurricane forecast to make landfall Wednesday

Two high school friends, one from Access America and one from JB Hunt, founded a successful brokerage in Knoxville full of supply chain management grads. And they love SONAR.

Howard Green is best on fights between the serial CEO and his boards, activist investors, and proxy wars, but there’s a lot in the book for railroad buffs who want to know more about Harrison’s signature philosophy, precision scheduled railroading.

Container shipping giant is expanding beyond maritime transportation.

TMS provider says the purchase means its customers will be better able to take advantage of intermodal.

Oil spill reported after accident between passenger/roll-on, roll-off vessel and containership.

Production has begun in China for the order that includes 2,000 controlled-atmosphere containers.

As Hurricane Michael gains strength and speeds up, people are being evacuated from Florida.

Major drayage operator at U.S. busiest port complex looks to all-electric truck to hit emissions reduction goal.

The master agreement was ratified with less than 50% of the vote. Now it appears some of the local deals were as well.

Hurricane Michael could significantly flood and damage portions of the South this week.

Latest round of fuel surcharges aimed at guiding expectations on IMO 2020 costs.

Hurricane Michael to cause flooding, wind damage in the South. Snow and some ice out west.

Hyperloop is a technology that has been touted an exciting prospect in the transportation vertical. What is it about and how could it help improve the industry?

High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.

Freight Alley expands with the addition of Grupo Sesé, Carrefour turns to blockchain, Airbus will name its new CEO, and more in Today’s Pickup.

EXL (NASDAQ: EXLS), a leading operations management and analytics company, today announced it has joined the Blockchain in Transport Alliance (BiTA).

The company provides location-specific, short-term weather forecasts by utilizing hyper-sensing technologies like wireless communication networks instead of depending solely on government radar.

Scandinavia is getting a new railway network connecting Finland to a Norwegian Arctic port – a route that runs through reindeer pasture territory and could end up ruining the livelihood of the indigenous Sámi tribe.

Shippers, NVOCCs and ocean carriers all are at risk with legislation taking effect in California at the start of the year.

The company will begin employing the “marine fuel recovery” charge on Jan. 1, but the full effect will not be felt until late next year.

OFAC said the multimillion dollar fines resulted from improper screening and missed “red flags” involving an international airline billing program.

Census Bureau identifies 284,168 companies responsible for exporting $1.292 trillion in goods.

Washington D.C. metro topped the Canadian border and NYC as the least efficient places for a truck driver

Fatalities in all other types of accidents were down. Crashes involving large trucks were the only one moving the other way.

Trucking volumes have dropped by 6% since the beggining of the month of October. Is this an indication that the market is slowing or is it a normal seasonal pattern?

Differences remain in what is best path for drivers to follow, but all agree that port congestion is a problem that needs fixing.

The rank-and-file rejected the agreement, but the union says it didn’t meet a minimum level to not accept a deal. UPS appears baffled by all of this.

Dangerous waves this weekend for parts of New England, all because of a storm 1,000 miles away.

Wolfe Research downgraded several trucking stocks Friday after their analysts revealed concerns over spot rates, according to Seeking Alpha

A whopping 97 percent of the employers in the transportation industry feel fatigue impacts their business.

Drewry says futures indicate low-sulfur marine fuel prices may rise 55 percent when IMO 2020 mandate kicks in.

Intermodal has attracted more freight thanks to tight truck markets, but growth rates will moderate.

FreightWaves reached out to OOIDA for their perspective on the current state of affairs in trucking. We also want to engage in a dialog from the fragmented industry interests, seeking points of agreement, as well as naming points of contention.

Job growth stumbled in September as Hurricane Florence likely disrupted results during the month. Unemployment continued to trend down in the economy however, and labor market conditions remain generally tight. Hiring within trucking continued to advance during the month, growing for the 5th consecutive month.  

It’s been quite a few weeks in the discussions regarding precision railroading vs. not-precision, for lack of a better term. Also: OPEC pumping strong, Bangkok a growing intermodal hub

Indices are clearly signaling that the container volume coming in through the Long Beach/LA port is surging and bodes well for the holiday shopping season.

Additional container volumes coming into Vancouver will help spur growth as CP looks to existing assets for capacity.