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With the so-called driver squeeze continuing to make headlines in 2018 (FreightWaves, The Washington Post, USA Today, and NPR), some trucking companies are pushing back against the shortage with announcements of their own: pay increases for their drivers.
Given the raised possibility of getting pulled over and inspected, a lot of drivers are choosing to take some time off.
Much of the focus is on its financials rather than any significant shift in operations.
With topics ranging broadly on economic and marketplace trends, to blockchain technology, to autonomous trucks and connected vehicles, to 3D printing, to green trucking, to the possibilities of rail, maritime, air freight and much more. And all for free thanks to sponsor, LaunchIt.
A monthly survey of all the important economic developments from the past month, and a look at some of the key trends to watch throughout the month of June.
Job growth improved considerably in May as the unemployment rate matched a near-50 year low. Trucking hires also made significant strides during the month, erasing the large decline in trucking employment from last month.
Also: jobs report, the FMCSA guidance, and who should pay for parking?
Shipware’s proprietary technology audits weekly carrier invoices to recover refunds on all billing errors, ensuring proactive compliance of contract rates and terms, as well as on-time service performance.
No longer just a tire company, Michelin is quickly becoming a “solutions” company as it positions itself as a business its customers can rely on regardless of their needs.
Given just 3 minutes to make their pitch and an additional 2 minutes to answer judges’ questions, 15 startup companies did their best to show judges at the Movin’ On conference why their solutions will change the market.
Rising cost of fuel, port congestion among reasons cited for $55-per-TEU charge.
“Jetblack” will allow select customers in Manhattan and Brooklyn to send shopping requests via text message and have their orders delivered within one day.
For widespread data openness and implementation, it is essential to develop data standards that are mindful of the collective interests of all the stakeholders in the freight industry.
Federal Motor Carrier Safety Administration revises exemptions on personal conveyance to include laden trucks.
Two legal battles on the West Coast involving proposed bulk marine terminals will test the limits of state and local government regulations over these projects.
As capacity tightens throughout the United States, shippers make best use of existing and future storage space.
CMA CGM and APL will purchase slots on sailings to Latin America.
The company has been growing its container fleet in addition to its mix of tankers, bulkers and oil and gas rigs.
Truck transportation and warehousing and storage had the biggest gains of the 18,700 added jobs.
Freedom of movement in the 150-mile radius, and a loosening of the rules to get somewhere safely are part of FMCSA’s latest guidance.
President Trump released two proclamations on Thursday announcing he will follow through on Section 232 duties on steel and aluminum imports from the EU, Mexico and Canada.
Freedom of movement in the 150-mile radius, and a loosening of the rules to get somewhere safely are part of FMCSA’s latest guidance.
In case you missed it, we’ve compiled some of the highlights from Transparency18 into one Infographic.
Oil, which helped drive a rally for stocks Wednesday, began pulling back ahead of U.S. supply data.
Oil prices have stabilized after a month of volatility, but Iran pulling out of the nuclear deal is still a possibility, as European oil companies and banks are unwilling to buy oil from the country in the wake of perceived sanctions.
Sponsored by Reliance Partners…FreightWaves visited the Reliance office in downtown Chattanooga this week to speak with COO and president, Chad Eichelberger and Laura Anne Howell and get a sense of what makes the secret sauce so special.
Results from the Federal Reserve’s Beige Book suggest that manufacturers have shrugged off tariff concerns and are enjoying stronger growth in the 2nd quarter. Labor shortages remain an issue however, broadening beyond the trucking industry.
Most may not associate the World Wildlife Fund (WWF) with freight movement, but the organization is working hard to change that and the industry, launching a new transport decarbonization tool on Wednesday.
According to experts, platooning is a “now” technology ready for commercial operations, but there is still some resistance and operational challenges that must be overcome.
Michelin made a statement on Wednesday at the Movin’ On 2018 conference in Montreal when it announced its goal of recycling 100% of all tires globally by 2048 and using 80% sustainable materials in the production of those tires, also by that timeframe.
The future of mobility is going to require government regulation, according to panelists at the opening session of the Movin’ On by Michelin conference in Montreal.
Full operations resumed Thursday morning after railroad, Teamsters reached agreement Wednesday ending short strike.
Buffalo-based subsidiary of Rich food company extends reach into Texas.
Seaspan says deal will bolster its strategy to lead consolidation in containership sector.
Hours of Service violations will be the biggest focus this year, but ELDs may hold their numbers in check.
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 5.5 percent year-over-year in March following an 8.7 percent […]
The containership owner and operator posted a first-quarter net profit of $500,000 on revenues of $28.3 million.
Global demand for air freight climbed 4.1 percent for the month after a 1.7 percent uptick in March.
Kansas City Southern chief is tapped to serve on the board of directors.
The 26 rubber-tired gantry cranes carry a price tag of $46.4 million.
Schwichtenberg named safety chief; Malin will head operations.
The Commerce Department has laid the groundwork for the assessment of countervailing duties on U.S. imports of certain plastic decorative ribbon from China.
The Commerce Department has finalized antidumping duty amounts for imports of citric acid and certain citrate salts from Belgium, Colombia and Thailand.
Introduced in New York/New Jersey, the product offering will be expanded to Los Angeles/Long Beach in June.
Turns out, of blockchain’s many potential (and developing) applications, few could be as game-changing as what it would mean for the food industry.
It’s a four-year deal for the Teamsters, ending a walkout that didn’t even last 24 hours.
Brazilian President Temer ended Petrobras’ practice of subsidizing diesel prices, which has sent fuel costs for independent truck drivers spiraling. The owner-ops went on strike 11 days ago, blocking the country’s highways and shutting down many sectors of the economy.
Canadian Pacific conductors and engineers walk off; Brazilian truckers continue their highway shutdown; CMA CGM and Zim blame losses on fuel prices; Savannah hits record TEU volumes in April; Goldman Sachs says the oil rally isn’t over yet.
Shippo has launched a new workflow feature that help customers optimize their operations and thereby reduce time spent on deciding their shipping options.
The US trade deficit in goods narrowed for the second consecutive month, but a decline in both exports and imports means less transportation to and from ports
Full operations are expected to resume Thursday at 0600 local time across Canada after conductors and locomotive engineers went on strike Tuesday night.
European Shippers Council polls members about benefits of shipping consortia.
A magnesium fire in an automotive parts supplier caused F-150 production shutdowns in Dearborn, MI, and Kansas City, MO, earlier this month. The sudden drop-off in demand for freight in those two markets is reflected in our turndown indices.
Shippers express concern about the effects a strike by Canada’s second-largest Class I railway may have.
Three whistle-blowers will receive about $4.4 million as part of the False Claims Act.
Some shipments may be affected as officials investigate the Wednesday morning explosion in Lexington.
The Florida-based TMS provider is the Australian company’s seventh acquisition so far this year.
The annual growth rate of 2.2 percent in the first quarter of 2018 is down from 2.3 percent in its initial projection and 2.9 percent the previous quarter.
Bud Wright says the time is right to step down as executive director of the American Association of State Highway and Transportation Officials.
One union agrees while the other walks, as CP is hit by a strike again. The government signaled it may not step in to end the walkout.
Consortium seeks to advance technology and its transportation and logistics applications.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
Global Shippers Forum complains about “conference-style pricing methods to impose surcharges” on customers.
One union agrees while the other walks, as CP is hit by a strike again.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
Everyone sees the market as strong and staying that way, but are there other headwinds in the trucking sector?
According to SONAR data, the real-time national average for diesel truck stop actual price per gallon has risen to $3.15.
Drivers find productivity gains after ELD hard enforcement; Canadian Pacific workers’ strike imminent; Brazilian truckers extract over $2B in govt concessions; Maersk rolls out blockchain-based maritime insurance; WaPo interviews truck drivers on the lifestyle.
Tranzlogix, a technology solutions company for the transport industry, has joined BiTA.
Drivers are changing their behavior to maximize their hours on the road, according to FreightWaves’ proprietary SONAR platform
The U.S. government is looking to levy 25% added tariffs on auto exports, which could set off a spate of trade wars with countries like Germany, Japan, and South Korea.
FreightWaves continues to mint it’s position as the most trafficked and visited site in all of freight and logistics, worldwide.
The Class I railway said the work stoppage is scheduled to start at 2200 Eastern time Tuesday.
After both lost ground the previous week, one measure of spot rates ticked up 1.4 percent sequentially last week, while another slipped 1.1 percent.
Cashflow Corner presented by TriumphPay …If your ELD provider suddenly shuts down service and goes out of business, do you know what to do?
The move is designed to enable further collaboration in the transformation of China’s logistics industry.
The acquisition of Shipping and Airfreight Services is part of a long-term strategy to expand coverage around the globe.
U.S. exporters risk downplaying the Commerce Department’s Unverified List in their compliance checks.
The deal will include the consolidation of vessel fleets, staff and the global network of customers and offices.
UPS names former Xerox exec as marketing chief; Railinc promotes IT leader.
The Chinese logistics company says “Strolling Dragon” is equipped with cutting-edge artificial intelligence and superhuman vision.
New IMO regulations asking for the shipping industry to cap the sulfur content in its fuel to 0.5% would have far reaching consequences on crude oil refining and potentially send oil prices to $90 per barrel.
What does it mean to be a technology company today, and how do you anticipate changes and prepare to scale?
A panel at a recent investors’ conference talked about many topics, and the market for drivers seemed to make its way into every topic.
Imagine the worst boss you’ve ever had looking over your shoulder all day and telling you what to do, and then once 14 hours have elapsed since you drove to work, you have to drop everything, stop work and take a 10-hour break regardless of the time of day.
The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.
There are technology solutions out there for the smaller carriers, but they may be expensive or not designed for the littler guys.
Drivewyze PreClear weigh station bypass service is now offered at a total of seven sites in the Gem State.
The telematics revolution is creating a vast data lake, but now the industry has to figure out how to navigate it.
The current capacity crunch has been a significant issue in the trucking industry since last year. Many things will need to change in order to resolve the squeeze, but discussions throughout Transparency18 highlighted technology’s role.
Teamsters say negotiations will resume immediately in an attempt to avoid a strike.
Investors are flocking to the freight industry with million-dollar investments for startups, but what do those investors look for in companies before making an investment?
After it gets answers to questions, the agency will have another 45 days to review proposed revisions.
Meanwhile, conductors, engineers and signal maintainers at Canadian Pacific had until noon Friday to vote on the railway’s offers.
Most Kingpin Act designations during the Trump administration have been associated with Mexican drug cartels, according to a Treasury official who testified to a House Foreign Affairs subcommittee on Wednesday.
Maersk contributed to the development of Insurwave as a pilot client and is continuing on the platform with its marine hull portfolio.
The project will promote streamlined customs processes and sound implementation of the WTO Trade Facilitation Agreement.
The Port Authority reports 551,117 TEUs were handled during April, the fourth consecutive monthly high.
The agencies will accept comments on the export control reform-related proposed rules to move several firearms and related items from the U.S. Munitions List to the Commerce Control List through […]
