News

Covenant Logistics’ second-quarter earnings reflected, as expected, a weaker truckload market.

Molson Coors strives for flexibility and readiness in its supply chain, which is why the Chicago-based company garnered a spot on FreightWaves’ annual list honoring shippers.

At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.”

Ryder’s second-quarter performance was mixed, but it forecast a much stronger second half, sending the stock climbing.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Aaron Rubin; Rachel Premack; Chris Smith; Alan Adler; Justin Martin

Cold chain failures lead to the same profit losses and headaches as other supply chain mishaps, but on a much greater scale.

Industry watchers believe a Yellow bankruptcy is inevitable. Some of the company’s 30,000 employees are starting to feel nervous too.

Consumer demand is putting pressure on intermodal and lumber volumes and that is weighing on how CN views the back half of this year.

Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.

Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.

Growing wage disparity between carriers may fuel resentment among FedEx Ground drivers, Alan Amling argues.

Former Union Pacific and CN executive Jim Vena will be UP’s next CEO, while sustainability and strategy EVP Beth Whited has been promoted to president.

Wabash reported record Q2 earnings because it was able to price its trailers and truck bodies higher than the cost of materials.

Hawaiian Airlines is starting an in-house cargo airline that will fly dedicated routes for Amazon Air starting this fall.

A letter from the Teamsters negotiating committee on Tuesday showed it has been unable to come to terms with less-than-truckload carrier Yellow Corp.

The waiver the EPA granted to California to allow its Clean Trucks rule to proceed has states lined up in court on either side of the issue.

The Canadian wildfires and lower volumes for intermodal and crude oil put pressure on Canadian railway CN’s revenue for the second quarter of 2023.

A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.

“As a result of these unfortunate circumstances and the impact on the network, we are limiting pick-up operations in all terminals,” the memo states.

After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.

After experiencing record sales growth during the COVID-19 pandemic, digital freight brokerage Surge Transportation says it was forced to file for bankruptcy protection as it was unprepared for the abrupt decline in product demand and soaring shipping costs that rocked the transportation industry in April 2022.

PS Logistics said Tuesday it has acquired Jacksonville, Florida-based truckload carrier and broker Rinaudo Enterprises.

A new London-based airline called One Air has begun commercial freighter service. The odds for survival may be daunting unless it can expand beyond a single aircraft and the market improves significantly.

A tentative contract between UPS and the Teamsters doubles wage increases for part-time workers over the current pact.

What’s behind Paccar’s stunning Q2 profits? Inflation is part of the answer. So is a burgeoning parts footprint.

Surge is the largest broker to restructure in recent memory.

Paccar continued a string of record quarterly performances in Q2, posting a 70% gain in profits and a 24% increase in sales.

Electrification isn’t possible without infrastructure to support it. Voltera is transforming the transportation industry by helping fleets access EV charging infrastructure.

Merchants can use FlowspaceAI for Freight, particularly its Network Optimization tool, to support a range of services, enhancing fulfillment operations and providing valuable insights for marketing and sales strategies.

Published on July 24 regarding the ongoing Yellow Corp. potential crisis, this report analyzes the current state of the freight market based on critical insights from our SONAR platform. All […]

For the first time since freight sentiment index inception, shippers are the least positive group. Does that mean the market is balancing?

Internet-connected devices commonly used in the trucking industry can pose security risks, providing hackers entry points to access sensitive information within your organization.

Los Angeles International Airport has partnered with former NBA superstar “Magic” Johnson and others on planning a wholesale redevelopment of its extensive cargo facilities.

Adrian Stoch will head GXO’s fast-growing automation efforts.

The U.S. Chamber of Commerce is recommending a long list of fixes to the problem of large verdicts in truck accident litigation.

The 3rd-largest North American containerboard and box producer, Packaging Corp. of America, reported an eye-opening 10% box shipment decline.

The benchmark price of diesel used for most fuel surcharges went sharply higher this week, and it could signal the start of a broad increase.

Logistics real estate operator Link Logistics upgrades its portfolio in the second quarter, booking a 52% increase in leasing spreads.

Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.

Now on demand on WHAT THE TRUCK?!? Dooner is talking to Yellow drivers Jay and Dwayne; Frayt’s Luke Denny; Reliance Partners’ John Seidl; and Dan Deigan

Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.

A Nikola truck damaged in a June 23 fire at company headquarters reignited, raising questions about a reported battery pack defect.

FedEx pilots have voted down an upgraded contract that would have raised pay scales by 30%.

The effects of dangerous weather conditions on drivers can range from minimal to detrimental, and not only when they’re driving.

The Federal Railroad Administration wants more data on train lengths so that the agency can better assess what impact, if any, longer trains might have on operations.

Other charging infrastructure startups have more resources but WattEV has an early advantage in making charging available.

Central States extends health insurance coverage for Teamsters employees, averting a planned Monday strike at less-than-truckload carrier Yellow Corp.

This week in Borderlands: Mexico, Port Laredo remain on top for US trade; WeFreight expands operations into Mexico; cross-border carrier acquires 140 Navistar tractors; and nearly 50 pounds of cocaine seized from cargo ship in Texas.

The less-than-truckload sector has been disrupted by a very public dispute between Yellow and the Teamsters. Rates have already seemingly responded and may continue to see support.

As UPS labor negotiations are set to resume, the Teamsters gather for a rally Saturday in Atlanta.

Big-box facility leasing dropped 36% year over year, CBRE says.

One route during the Han Dynasty connected Europe and Asia and was the start of trade and supply chains as we know them today.

Expectations for peak season have waned, but container lines may have bounced off the bottom.

A Kansas judge on Friday denied Yellow Corp.’s request to halt a strike by the Teamsters, which the company says will force it into bankruptcy.

It will be difficult, if not impossible, to avoid a mess if shippers haven’t laid out contingencies for a Teamsters strike against UPS.

Now on demand on WHAT THE TRUCK?!? Dooner is breaking down the court case to save Yellow with Michael Bookout; Matthew Leffler; Todd Maiden; Zach Strickland

Federal regulators have been asked to significantly revise — or scrap altogether — a rulemaking requiring side underride guards for new truck trailers.

Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ken Evans; Caroline Fontein; Ben Tschirgi; Mike Razniewski

Freight volumes continue to trend sideways, which is a positive sign overall as the 15th of July traditionally marks a time for slowing demand in the freight market.

Some 30,000 Yellow employees may find themselves unemployed. Yellow truck drivers said they’ll likely find work at nonunion shops.

Trailer orders hit their monthly low for the year in June, but seasonality had more to do with it than a lack of demand.

A U.S. district court in Kansas may ultimately determine Yellow’s fate on Friday.

Seeking clues in TuSimple’s delayed financials; a case for an autonomous trucking slowdown; and Kodiak Robotics’ dual-use approach to autonomy.

TriumphPay dealt with the same weak conditions as other trucking-focused companies in the second quarter, but one key measure was stronger.

Figuring out how to encourage more shippers to switch from truck to rail is not something that can be done overnight, executives said during CSX’s second-quarter 2023 earnings call.

As less-than-truckload carrier Yellow Corp. faces a potential work stoppage by its largely union workforce, an action that would likely force it to close its doors, we take a look back at some of the top stories in the past year.

Ontario International Airport has approved a large cargo development for DHL Express to support express delivery on the West Coast.

The autonomous industry’s losing streak is growing as Teamsters-backed legislation passes committee after committee in California.

Knight-Swift Transportation called out several headwinds facing its businesses as reasons to meaningfully lower its 2023 earnings guidance.

Volume and pricing gains for CSX’s merchandise segment weren’t enough to offset a decline in intermodal volumes and falling export coal benchmark prices, CSX said.

Sites in Arizona, Alabama and elsewhere are being prepared to host rail-served industrial facilities.

FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.

Capital markets that have been freezing out mobility startups may be thawing with Aurora Innovation raising $820 million in new funding.

In this issue of the WHAT THE TRUCK?!? newsletter, what to do if Yellow goes belly-up; why you should stop using UPS; AI in trucking; and more.

Fluid Truck Renew helps commercial fleets lease out parked equipment and offers a simple way for new fleets to enter the market.

Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.

PGT is well known for its innovative approach to all things flatbed. The company applies this same attitude to driver hiring and training.

LTL contract rates and tender rejections in select markets will tell us if transportation networks can handle a sudden Yellow exit.

Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.

CDL job platform Lanefinder pioneers new hiring model to aid trucking companies amid freight recession

FedEx will focus its resources on shippers who use both it and UPS, Shipware’s Karamcheti says.

Pam Transportation Services reported a sharp decline in earnings during the second quarter.

Conagra says consumers are buying less while J.B. Hunt highlights lack of seasonal uptick.

American and United airlines enjoyed highly profitable second quarters, but their cargo businesses were a downer.

Democrats said they respect workers’ rights to strike in the event negotiations between the Teamsters and UPS fail.

According to Terminal Industries, 92% of yards lack technology solutions to eliminate wasted capacity, drive down unforeseen costs and improve inventory operations, leading to $146 billion in excess transportation costs.

Kodiak Robotics and Drivewyze are working with Texas authorities to make it easier for autonomous trucks to bypass weigh stations.

Less-than-truckload carrier Yellow Corp. says it’s the union’s fault for its cash-strapped predicament.

Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.

Less-than-truckload carrier XPO said its chief financial officer is leaving and that it has filled the role internally.

Data visibility tech providers IntelliTrans and Nexxiot have created a product designed to give bulk and break-bulk shippers information about a rail car’s whereabouts.

With sequential comparisons as important as year on year, truckload carrier Marten held on in Q2 compared to Q1.

Truck broker Uber Freight said Wednesday it has decided to stop placing loads with Yellow Corp. as the carrier faces a potential worker strike.

Pricing in ocean shipping was done much differently in the 1970s compared to today. To simplify things, a group of executives created a game around the concept for workers to play.

Maersk Air Cargo is growing its small U.S. footprint with a cargo facility near the Atlanta airport.

Two completely different approaches taken by two different circuit courts over broker liability could result in another trip to the Supreme Court on the issue.