News

The industrial real estate prices have been up for a long time and if market trends are to be believed, they could be climbing for the next few years.

The first month of the second quarter is in the books. While the economy shows it is still going strong, there is some tempering in the freight market. Trucking companies are still uncertain with what lies ahead.

Calling the Hall of Fame honorees a “pretty impressive group,” Tom Moore, senior vice president of the National Private Truck Council, told the story of each of the four drivers before officially welcoming them to the NPTC Hall of Fame.

Great Dane announced it has joined the Blockchain in Transport Alliance (BiTA).

Netradyne’s Driveri system records driver behaviors. A new extension of that adds real-time notifications to the driver in the cab.

Cashflow Corner presented by TriumphPay …Summer is almost upon us and with that comes hot temperatures. So how can you stay cool, and just as importantly, how can you keep your truck running?

Along the side of a tractor-trailer is a blind spot for drivers, but it is also an area where incidents can happen. Adding side cameras can help record those incidents.

Regardless of technology, the transportation industry is still built on relationships.

Economic conditions as they relate to freight generally improved during the month. With a few notable exceptions, most of the data released in April (largely covering March activity) either met or exceeded expectations and signal that freight demand will likely stay strong going forward.

The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.

The revised OffPeak program is expected to ramp up in August.

Chicago-based 3PL acquires freight management services division of ROAR Logistics.

The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.

The Chicago-based freight broker and third-party logistics provider posted a net income of $4.7 million in the first quarter of 2018 compared to a $2.9 million loss in the same quarter a […]

North America’s largest provider of truckload services reported a net income of $70.4 million in its second full quarter of post-merger operation.

The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.

When investing in cyclical companies, such a transports, it is important to first understand what part of the economic cycle we are in.

It’s never fun to have a package stolen. BoxLock is offering the first internet-connected padlock specifically designed to safeguard your deliveries.

Lanehub is developing a social network where mostly shippers and carriers come together to identify long term efficiencies by aligning their networks—and they just lined up another round of seed funding.

It’s OK for an employee to be on the HELP board. Beyond that, the state’s auditor is critical of several people’s behavior.

Virgin Hyperloop One and Hyperloop Transportation Technologies are competing in UAE to build the first hyperloop network in the region.

TMW CEO Wangler dies; a complete guide to Tesla’s borrowing & spending; inflation, consumer spending rise; the UAE’s Hyperloop; lost trucker wanders through Oregon forest for 4 days, lives to tell the tale.

On its 25th anniversary of the program, the National Private Truck Council (NPTC) graduated 78 new members of its Certified Transportation Professional (CTP) program, bringing the total number of graduates from the program to over 1,700, said Gary Petty, president & CEO of NPTC.

Tax changes have made leasing an even more inviting proposition for fleets, says the COO of Fleet Advantage.

Autonomous trucks, CSA, hours-of-service and more were topics of a wide-ranging keynote address given by Dan Murray, vice president of ATRI, at the NTPC 2018 conference.

Trade groups say the legislation doesn’t go far enough; Teamsters say it goes too far.

The $8.4 billion stock-for-stock transaction is expected to close in the third quarter.

Amazon and the US Postal Service have grown package volumes and profits together in a mutually beneficial relationship.

Squeezed by higher demand for its services and the need to hire outside capacity in a tight market.

Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.

Drewry says leasing companies are expected to own 54 percent of the world’s shipping container fleet by 2020.

DOT outlines exemption procedures for air taxi operators planning commercial drop-offs

Initial work will make the narrow-gauge rail line system technically and economically operable.

After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.

Everyone’s interested in who is a shipper of choice, and if they’re not they want to know how they can become one.

PT expenditures rose about 40% for the quarter.

The industry in the Netherlands makes it the Wall Street of flowers.

The two companies are headquartered out of state. That’s what made these penalties different.

Trimble has announced that David Wangler, president and CEO of TMW Systems, passed away on April 26.

TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.

USA Truck posts a strong first quarter earnings continuing its torrid turnaround pace.

IBM launches a blockchain network to track gold and diamonds across the supply chain.

Economic growth slowed down in the 1st quarter, as payback from post-hurricane surges and poor weather derailed activity in some sectors of the economy.

Congress will decide on an amendment to a federal aviation bill that would curtail a state’s ability to set its own rules on HOS, which could end up creating problems for truck drivers.

GS1 makes the system complete and more accurate in the supply chain so that consumers have a smooth shopping experience from website searches, all the way to when the product reaches their doorstep.

NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.

Mushroom supply has been constrained due to factors ranging from labor shortage, bad weather, and infrastructural investment need for growing the produce.

Kansas City Southern (KCS) (NYSE: KSU) announced today it has joined the Blockchain in Transport Alliance (BiTA). 

NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as […]

The ATA and OOIDA are on different sides of this issue.

The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.

The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.

The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.

The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.

The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.

The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.

A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.

An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.

Yusen Logistics will manage all inbound, storage, picking and value-added activities

The U.S. Postal Service and Customs and Border Protection have been ramping up efforts to stop shipments of fentanyl, which largely arrive in the United States from China.

Even with a higher cost burden, it still managed an improvement in its operating ratio.

The goods trade deficit narrowed for the first time in seven months, but total trade going in and out of the US actually declined.

Echol Global Logistics a 3PL based in Chicago busts through earnings estimates in the first quarter. A combination of market conditions and productivity improvements paved the way.

Presented by Reliance Partners…While there are loads of ways to save on insurance costs, some aren’t as realistic as others. We’ve distilled it down to a concentrated Top 5.

Drivers take a fixed percentage of every load, and the price of those loads is rising.

The year 2018 is shaping up as one  not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.

Durable goods orders rose 2.6% in March, driven by a 2nd consecutive surge in commercial aircraft orders. Core orders remained essentially unchanged during the month in a sign that freight demand will continue to normalize.

Earnings season is here; UPS posts 13th quarter of double digit growth; Knight-Swift finds synergies; Maersk trials autonomous ships; the Mustang is the last Ford car left; Barclays and Goldman Sachs collab on data standards for derivatives and blockchain; Union Pacific beats the Street.

The company is moving fast in an effort to stay on top of trends, to see industry changes as opportunities, and to continue to act offensively.

California is applying meal and rest break provisions to truck drivers that are in conflict with federal hours-of-service regulations, according to many in the industry. That is why so many are pushing to include the Denham Amendment in the FAA authorization bill.

The union representing about 25,000 CBP officers cites “forced overtime shifts, multiple deployments away from home and low morale.”

Deferral of ship deliveries will improve supply-and-demand balance for liner companies.

The U.S-China Bilateral Maritime Consultations also included talks on competition and efficiency in the U.S. container shipping industry.

The total value of U.S. cross-border trade with Canada and Mexico increased for the 19th straight month in May.

The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 8.7 percent year-over-year to $86.47 billion in February.

The Atlanta-based parcel giant saw its net income jump 15.4 percent year-over-year to $1.3 billion, led by double-digit profit growth in the international, supply chain and freight segments.

The weekly service was discontinued in 2005 following Hurricane Katrina.

The agency also has been taking a “really strong look” at forced labor used for imported goods.

Annual report lays out strategy for domestic and overseas multimodal transport and inland services.

The port terminal operating arm of the Chinese state-run conglomerate reported net earnings of $69 million, an 84.3 percent increase from the prior year.

Move follows consolidation of its liner business with that of Japanese competitors.

Internet of Things provides more transparency in fleet management

The 315,000-square-foot facility will house forwarding, warehouse and distribution operations

Knight-Swift’s revenues stabilized despite fewer trucks and shorter length of haul, and the two brands managed to increase their efficiency and improve operating ratios.

DAT is reporting dry van rates are decreasing. The Tender Rejection Index is indicating this trend should continue over the next few weeks.

As machines become more intelligent over time, it is important to look into how powerful the systems can get and the things that could go wrong under such circumstances.

Mack Trucks said it will have a fully electric Mack LR refuse truck model with an integrated Mack electric drivetrain operating in North America in 2019 and Freightliner introduced the EconicSD low-entry, cab-over-engine waste collection truck.

The Rose Acre Farms egg recall had im-peck-able timing occuring right after the Easter season. Here is how the freight industry had a hand in egg price increases.

Becoming a “shipper of choice” is a decision. It doesn’t just happen. This infographic highlights 5 ways shippers can achieve this elusive title.

Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.

Amazon announced Tuesday it has joined with General Motors and Volvo Cars to start offering in-car deliveries, giving its couriers access to potentially millions of vehicles in 37 U.S. markets.

Senators are told, “American cargo owners are saying their equipment is getting stuck, their cargo is getting stuck at these inland places.”

The shared-space distribution model is designed to shorten transit times without adding overhead.

The Class I railway increased its year-over-year net income, revenues and volumes.

Kenneth Wagers is named COO and Troy Cooper is promoted to president.

Sparks fly over jurisdiction, charges of conflict of interests and a weigh station alternative.

The companies believe FBX will set the stage for future derivative financial instruments.

Oregon Congressman Pete DeFazio is “hopeful” money will be dispersed from the projected $10 billion Harbor Maintenance Fund balance.

Airfreight tonnage rose by more than 20 percent, with strong growth recorded for exports from North America.

The Hong Kong-based ocean carrier projects an annual cost savings of $10 million from improved network operations and efficiency.