Who is paying for Yellow’s bankruptcy; freight recession report; and a highway angel – WTT
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Bart De Muynck; Jon Adams; Hamish Woodrow; Lewie Pugh
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Now on demand on WHAT THE TRUCK?!? Dooner is joined by Bart De Muynck; Jon Adams; Hamish Woodrow; Lewie Pugh
Traveling all 41 miles of the SH 130 toll road will cost drivers about $32. The value proposition lies primarily in saved time and predictability, a commodity that invariably aligns with money in the transportation world.
U.S. officials have called for a dispute panel over Mexico’s plan to stop importing genetically modified corn from farmers in the United States.
For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.
Proterra customers are sanguine about the electric bus and battery maker’s bankruptcy reorganization. They expect deliveries to continue.
The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics—is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to […]
Since the closure of the third-largest LTL carrier, Averitt Express has seen an influx of 2,000 daily shipments — and hasn’t missed a beat.
Smaller airports without big-city crowds offer many advantages to all-cargo airlines and shippers, which are taking more business to those locations.
Two former Yellow Logistics employees have opened a new brokerage office at Radiant Logistics.
This month’s State of Freight webinar focused on robust volumes in July and rejection rates that aren’t budging.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
In this issue of the WTT newsletter: a trucker bathroom law could become a national model; a trucking bloodbath blood clot; expensive rest stop food; and more.
With capacity far in excess of demand, the parcel market is in for a very uncertain future.
Yellow Corp. told a judge Thursday that it has selected bankruptcy financing lenders and that Estes Express Lines has entered a $1.3 billion stalking horse bid for its terminals.
The Transportation Trades Department wants to know why the Class I railroads haven’t fully committed to a program that lets employees anonymously report safety concerns. The railroads say sticking points remain.
On Thursday, self-driving trucking company Kodiak Robotics and Pilot Co. opened their first truckport for autonomous vehicles at the Pilot Travel Center in Villa Rica, Georgia. According to the news release, the truckport will be used by Kodiak to launch and land its autonomous trucks and serve as a hub for drivers to pick and drop off loads for first- and last-mile deliveries.
Veteran business leader Steve Girsky acknowledges challenges but points to Q4 as the culmination of fuel cell truck startup Nikola’s efforts.
The legend of Casey Jones remains alive today in music and pop culture. But the real story is about a serious crash and an act of heroism.
Walmart posted revenue gains of 5.7% in its fiscal 2024 second quarter, paced by a 6.4% gain in U.S. same-store sales.
Lean Solutions Group’s workforce analytics services let an organization know if what it is doing is driving a better experience and greater efficiency for improved customer relationships and lower costs.
The supply chain must be nimble to adapt to changing consumer and economic demands.
OnLine Transport Inc. acquires 90-truck carrier A/T Transportation in Indiana.
The $9 million felony fraud case against Frances Hall, who was convicted of killing her trucking magnate husband in 2016, continues to move through the courts.
Regulators are leveraging their power to once again weigh in on state laws affecting truck drivers.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Alex Mai, Evan Shelley, Hunter Shearer, Rachel Premack, Josh Lovan, Ivo Verhaegh and Henrik Bergsager
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
A fatal flaw in West Virginia’s Silver Bridge caused the death of 46 people. Fifty-five years later, many lives have been saved thanks to greater safety procedures put in place following the tragedy.
Leaders with Norfolk Southern and CSX described at an investor conference this week how their reach extends beyond the eastern U.S.
FreightWaves’ Carrier Rate Report — presented in partnership with DDC FPO and Trimble — provides a review of the previous quarter and a forecast for the coming months. Featuring insights from a survey of […]
The TruckParkingClub.com application now provides real-time reservable parking sites at 143 rest stops and 120 premium locations for overnight, multi-night and up to monthly stays.
Ditat is planning to roll out its new user interface, which will improve the overall appearance of its TMS, making it more mobile-friendly.
The current valley in airfreight demand hasn’t spooked Air Transport Services Group, which continues to invest in freighter aircraft for its leasing and airline businesses.
Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing.
Less-than-truckload carrier Saia sees freight surge in the first two weeks of August.
Canadian carrier Highlight Motor Group is building a $250 million facility near Toronto that includes offices, warehouse space, a truck yard and a repair shop.
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
In March 1976, the Mississippi River was logjammed for eight straight days, causing massive shipping losses with an estimated 100 towboats and 900 barges stuck by the riverbank. The event spurred serious reform for operation on this vital route.
Five new indictments have been handed down by the U.S. attorney in the New Orleans-area scam to stage collisions with trucks and collect insurance dollars.
Werner Enterprises’ CEO said Tuesday that the worst of the cycle is in the rearview and that he will remember which shippers stood by the company during the recent freight recession.
Amazon Shipping appears to cater to businesses that may want to use the company just for parcel deliveries.
In a 3-2 vote, the Surface Transportation Board denied BNSF’s request to halt an order compelling the railway to ship 1 million more tons of Montana coal should it reach the capacity to do so.
More than 200 transportation and logistics companies have made the 2023 Inc. 5000 list of the fastest-growing privately held firms in the U.S.
Lightning eMotors has enough parts to build electric vehicles through the end of the year, but it needs new capital soon to stay in business.
FreightWaves, the world’s leading provider of freight market forecasting, data, news and analysis, has made the annual Inc. 5000 list of the fastest-growing private companies in America.
Daimler Truck CEO Martin Daum will add the role of CFO while the Supervisory Board searches for a permanent replacement for Jochen Goetz.
The benchmark diesel price that is the basis for most fuel surcharges is up more than 36 cents a gallon in six weeks.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
“Almost all breaches end in a lawsuit. On average, those lawsuits are upwards of $10 million per company just to get back on your feet,” said the NMFTA’s Antwan Banks.
“I believe what we basically had in the supply chain was a reset, an unfortunate reset, due to the overstocking. I think, in all areas, we’re kind of close to the end of that,” said John Vaccaro, PalletTrader CEO and founder.
Shipment declines accelerated in July while total freight spend remained under pressure.
A Dana Inc. supplier used non-conforming rolled metal tubes in two lots of drive shafts, leading to Daimler Truck and Navistar recalls.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Aaron Peck; Mitch Violett; Kent Williams; Markel McCloud
The fleet management ecosystem has undergone a serious technological transformation over the past several years, leading to more data being collected than ever before.
Hino Motors trucks have been recalled because of inaccurate readings on how much fuel remains in 70- and 90-gallon tanks.
This week in Borderlands: Lectra sees more manufacturers leave Asia for the Americas; steel wire maker opens $22M logistics hub in South Texas; GrubMarket acquires Pharr, Texas-based London Fruit; and chemical logistics provider to open distribution facility in Arizona.
Nikola is recalling about 209 Class 8 battery electric trucks following 2 battery fires, but the trucks can stay in service pending a fix.
Third-party logistics provider ITS Logistics in its August report is warning clients of capacity issues both on the road and rails.
Like all technology, ELDs can malfunction. When that happens, drivers need to know what to do to stay compliant with Federal Motor Carrier Safety Regulations.
The inevitable dilution from a recent increase in authorized shares has led former and current Nikola executives to sell.
Looming rail car retirements and high rates for rail car scrapping — not rail volumes — are driving the rail car market, according to the CEOs of rail car leasing companies and rail equipment manufacturers.
Regulators may use waivers to give California and Washington more power over truck driver work rules that the Trump administration found were preempted.
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Grayson Brulte; David Barak; Monica Thornton; Jamie Hagen
A story reported in the January 1976 issue of American Shipper tells of a prepaid shipment headed for Bordeaux, France, that ended up stuck in Jacksonville, Florida, causing the fertilizer cargo to rot.
Second-quarter cargo revenue at Air Canada fell 24% — not so bad in the context of global market conditions.
An attorney for Yellow Corp. said Friday he’s hopeful to have in place by early next week a bankruptcy financing deal superior to what the company was previously offered.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
Two Genesee & Wyoming subsidiaries are seeking a permit from the Federal Railroad Administration to conduct a pilot project that would involve deploying Parallel Systems’ autonomous rail vehicle technology on limited portions of their networks in Georgia.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
A look at how U.S. companies can work toward lowering emissions.
The monthly International Energy Agency forecast clearly laid out the supply and demand issues that are driving oil prices higher.
New York City this week launched a 90-day “warning only” program to tackle overweight vehicles on the Brooklyn Queens Expressway as a new way to deal with the aging highway.
Some of Tesla’s all-electric Class 8 Semi trucks are running loads 12 hours a day for PepsiCo.
Container volumes in July rose sequentially by 17% but were down by 16% year over year at the Port of Savannah, the Georgia Ports Authority said Thursday.
This episode of Tracks Through Time takes a look at how a loophole kept a supply chain of ingredients for bootleg and bathtub gin legal during the Prohibition era.
In this issue of the WHAT THE TRUCK?!? newsletter tech bros eyeball UPS pay; trucks are stalked with AirTags; Postal Service loses big.
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
ALAN has expanded its website to include information about recovery needs in Hawaii.
Yellow said employees who expected their paychecks Thursday would receive them Friday. However, it remains unclear when workers will receive pay for accrued vacation days.
R.E. Garrison’s executive director of safety and HR joins Taking The Hire Road to discuss the company’s driver-first mindset.
UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract. This is just the beginning for jobs in the physical economy.
Proposed rulemaking on automatic emergency braking (AEB) introduced in June by the National Highway Traffic Safety Administration and the Federal Motor Carrier Safety Administration is getting more pushback from a coalition of state law enforcement officials and brake manufacturers that argue more dialogue is needed before moving forward.
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.
NOAA now says there is double the chance for above-normal Atlantic hurricane activity from May forecasts.
Numerous acquisitions the past several years bolstered logistics firm’s end-to-end capabilities.
“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen.
“Leadership has got to make sure they have the right information, as well as the right driver at the right time for the right reason,” said Lytx’s Jeff Martin.
While AI technologies have the potential to transform the shipping and logistics industries, their success takes careful and strategic planning.
In the post-pandemic pivot from just-in-case to just-in-time manufacturing, digital freight network Convoy has launched a service to help shippers and carriers manage risk.
After two recent deaths of conductor trainees, CSX is recalling about 350 people to their home terminals for additional training.
The Federal Railroad Administration and the Occupational Safety and Health Administration separately released reports Wednesday on how Norfolk Southern can improve rail safety.
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan.
Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.
A proposal requiring automatic braking on trucks needs more than a 60-day comment period, state agencies and brake manufacturers assert.