The logistics launching NASA’s Commercial Crew; F3 preview; pirates – WTT
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Brian Berry; Tyson Lawrence; Haley Fazio
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Now on demand on WHAT THE TRUCK?!? Dooner is joined by Brian Berry; Tyson Lawrence; Haley Fazio
In a conversation with American Shipper, CarGurus’ director of industry insights and analytics shows that some model inventories will be impacted by the strike and some will be fine.
Echo Global Logistics leverages a variety of intelligence capabilities to provide shippers and carriers with solutions that meet them where they are in their technology adoption journeys.
The upcoming months are littered with major holidays during which carriers can leverage seasonal constraints on capacity for higher spot rates.
After 12 years at the helm of the freight brokerages he founded and bootstrapped in 2011 — SEL Supply Chain Solutions (SELSCS) of Fort Worth, Texas — CEO Dennis Martin says he is winding down operations.
A slowdown will be the pause that refreshes the industrial development segment.
Flexport would hire a small team of Convoy employees and take on its technology stack. That could keep the trucking startup’s app functioning for customers.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
Augmenting a carrier staff with state and federal regulatory experts can help an organization exceed the minimum recordkeeping requirements, which can reduce the risk of a negligent hiring claim.
The Greenbrier Companies, GATX and Wabtec all reported quarterly earnings this week. Among the themes expressed during earnings calls was pervading market uncertainty domestically but an abundance of international opportunities.
Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.
Because of the freight boom in recent years, many smaller carriers, especially those that were new entrants to the industry, fell into unsafe practices.
High velocity in a supply chain means reduced lead times, lower cycle times, better inventory and flexibility. This could be the key to answering quick changes in demand.
ArcBest reports a third-quarter earnings beat when adjusting for several one-off items.
Find out who the unsung FreightTech disrupters are and how they provide unique tools to help shippers.
Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.
Link Logistics added 24 million square feet of space during the third quarter while holding occupancy level.
Amazon’s EPS handily beat estimates, while operating and net income posted four- and three-bagger gains.
A new federal labor standard opens up trucking companies to a wider range of costly employee liabilities, according to a legal expert.
Twelve people died and 42 were injured in 1990 after a sudden fog enveloped a section of Interstate 75 in Tennessee.
Heartland Express books a third-quarter net loss and makes changes to cull unprofitable accounts.
Truckload carrier Covenant Logistics Group said the freight market is bottoming out, and the company is eyeing only a “modest decline” in earnings next quarter.
While indications of a freight market shift are heartening for carriers, their strongest impacts will not be seen until well after the conclusion of the next bid season.
Shooting spree in Maine has drivers in the area on edge
On Wednesday the American Transportation Research Institute (ATRI) released its latest Cost of Congestion study showing U.S. highway traffic congestion added $94.6 billion in costs to the trucking industry.
Shippers and logistics service providers want and need to proactively manage their customers’ shipments, ensuring they keep cadence in line with delivery expectations. When something goes wrong in transit, this demands quick, timely notification from carriers so they can proactively reset expectations or enact contingency plans.
UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.
Forward Air may decide to terminate its merger agreement with Omni Logistics even though a Tennessee court said it won’t stand in its way.
North American manufacturing and retailers have been focused on moving their operations out of China — and closer to home — over the past few years.
Members of the Brotherhood of Railroad Signalmen who work on CSX’s L&N property have ratified their sick leave agreement, CSX said.
Uncertainties over consumer demand and inflation rates are causing Canadian Pacific Kansas City to adopt a more cautious stance as 2024 approaches.
Freight broker and carrier agents at PFQ Companies — carriers Pioneer Transport, Falcon Transport, Quaker Transport and brokerage Quaker Transportation — are thriving, having built businesses able to withstand market highs and lows.
A former senior executive at Polar Air Cargo pleaded guilty to corporate corruption and agreed to pay restitution of $9.3 million in addition to serving a potential jail sentence.
The ultra-buzzy trucking startup Convoy could have fixed trucking. Instead, it shut down suddenly to the shock of industry insiders.
Chattanooga, Tennessee-based Covenant Logistics Group’s third-quarter revenue declined 7% year over year to $288.7 million.
Inflation, higher cargo volumes and diesel prices fueled a spike in congestion costs for trucking companies, according to new data from ATRI.
Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.
CPKC reported a 12% decline in net profit in the third quarter despite higher combined revenues.
UPS said it hopes to scale service to as many locations as possible by year’s end.
Rush Enterprises experienced softer Class 8 aftermarket revenue at its dealership network, but it had other business to replace it in Q3.
DHL Supply Chain’s North America chief says warehouse labor markets have stabilized.
An article from the archives of American Shipper in 1979 details the climax of a long-awaited signature from President Jimmy Carter to help tamp down rampant rebating in the maritime shipping industry, which was vehemently condemned by the FMC.
Truck leasing giant Ryder posted total revenue of $2.9 billion and earnings per share of $3.58 during the third quarter.
This is CargoX’s second sizable partnership aimed at bringing more efficient import and export practices to global markets.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Rachel Premack; Alan Adler; Andrew Haun; Justin Martin
Old Dominion sees a 6% uptick in shipments following Yellow’s closure but says the industry’s freight reshuffle hasn’t been permanently settled.
Electric vehicle manufacturing efforts have been marching south. In fact, EV manufacturing investments in the Southeast alone reached $54.6 billion in 2022 –– a 128% year-over-year increase, according to the Southern Alliance for Clean Energy.
Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.
Short-term pain will lead to long-term gain for Norfolk Southern, the railway’s CEO said when asked about his company’s higher margins amid plans to continue improvements to rail service.
UPS has set holiday shipping deadlines for deliveries on Dec. 23 or earlier.
Consistent with its rivals, Traton sees orders slowing but strong deliveries across its brands including Navistar.
Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.
A company can “go through all your tests, due diligence, cyber resilience and everything, but if you don’t know what to do when something happens, then all bets are off,” IT exec Steve Hankel said during the Digital Solutions Conference.
NS’ third-quarter net income fell 50% amid a $163 million incident charge related to the East Palestine, Ohio, train derailment in February.
Old Dominion Freight Line reported better-than-expected third-quarter results as Yellow’s departure provided a tailwind.
Israel won’t be able to produce as many goods for its economy because of the war it is waging. Some logistics providers are increasing their capability to deliver imports to the country by air and ocean.
Partnerships with other Class I railroads will help the freight rail industry gain market share, CN executives said during the Canadian railway’s third-quarter 2023 earnings call Tuesday.
President and COO Webb Estes reviews restored functions, praises customers that stuck around.
Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.
“The table is set to scale up as demand increases,” said Port of LA Executive Director Gene Seroka.
Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.
TFI’s overall third-quarter results reflect a weak macro environment.
Nikola Corp. has won $165 million in arbitration from convicted founder Trevor Milton, but it wants to recover attorney fees, too.
Edge continues to win new business on the back of a regional carrier strategy.
“When you see fleets double in size in a very short period of time, typically they haven’t grown on the inside as well as the outside, and that’s a very dangerous combination,” Reliance Partners’ Brian Runnels said.
Yard management needs a technology overhaul, with more automation to drive efficiency. Right now, manual processes slow down operations.
Companies are evaluating their warehouse footprint, assessing consolidation and not ruling out relocation, WarehouseQuote executive says.
Paccar Inc. posted record third-quarter net income and continued to build on a streak of beating analyst estimates.
Experts say Mexico must take big steps to capitalize on nearshoring by improving road security and freight infrastructure, while stabilizing the peso.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Coming on the heels of the hack against LTL carrier Estes, an industry meeting maps out ways to battle cyberattacks.
The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events.
The semiconductor industry is a new vertical that logistics provider Kuehne+Nagel has identified as a growth area. Toward that end, it is using two large freighters it controls to transport shipments from Taiwan to Europe.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Matt McLelland; Evan Shelley; Phil Hyland; Estifanos Estifanos; Frederic Kauffmann
Ryder System Inc. is acquiring contract manufacturing and packing company Impact Fulfillment Services in a deal involving operations in 15 states.
Averitt Express received the highest overall ranking, with Old Dominion Freight Line voted top national less-than-truckload carrier in a value and loyalty survey.
The Prince Rupert Port Authority is starting construction on a project that will increase rail-to-container transloading at the Canadian port, particularly for agricultural, forestry and plastic resin products.
Convoy’s story, while tragic for investors and insiders, should prove cautionary for other founders.
Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.
This week in Borderlands: Cargo theft trends are changing as supply chains shift to border regions; a $65 million cold storage facility could be headed to Central Texas; Gebrüder Weiss opens a logistics operation in Laredo; and a truck driver is stopped at the border with $12 million in cocaine.
It may not seem or read like it, but the trucking market is slowly tightening. The question is how much time till it is noticeable?
Less-than-truckload carrier XPO Inc. (NYSE: XPO) says it has launched an over-the-road operation for team drivers. Only existing teams can currently qualify for the program, which has not been formally […]
Soy Transportation Coalition director says farmers diverting product from weak export market.
FMCSA’s latest crash data is a hopeful sign for safety as trucking regulators consider new rules to reduce deaths and injuries.
New economic demands from striking UAW employees at Mack Trucks brings a strong retort from the truck maker.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Craig Fuller; JP Hampstead; Chace Barber; Ryan Schreiber; Daniel Stanton
Outside of the holiday rush periods, the fundamental lack of freight demand will continue to expose the lingering overcapacity in the market.
The Brotherhood of Railroad Signalmen and Norfolk Southern, with technical input from the Federal Railroad Administration, will conduct a one-year pilot program to identify best safety practices.
Deputy Editor Brielle Jaekel and 3PL expert Mary O’Connell tell stories of haunted highways to celebrate Halloween on the latest episode of Tracks Through Time.
Carriers expect muted peak season with few spot opportunities.
Enabling information sharing between departments will help CSX not only cut costs but discover new business opportunities, COO Mike Cory said on the railway’s third-quarter earnings call.
Can Hyliion pivot to make stationary generators the base of its business as it decides whether to pursue the Hypertruck ERX?
Five years after the first multistory warehouse was delivered, questions still remain about the model’s viability in the U.S.
The first Airbus A321 converted freighter has been cleared by authorities to begin commercial service in China.