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This week in Borderlands: BNSF Railway rethinks its plan to build a Texas logistics center after community opposition; Paschall Truck Lines adds a new cross-border terminal; Niagara Bottling will build a logistics center in Central Texas; and the Commerce Department honors three Texas-based export businesses.
An unseasonable upward trend in truckload tender volumes is giving domestic transportation providers the potential inflection point they have waiting for.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
CPKC eyes opportunities for intermodal and for beefed-up business in Mexico to help recoup higher costs and lost revenue in the second quarter.
All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
NTI works to provide carriers with actionable data and benchmarking studies, enabling them to make informed decisions about their own compensation packages.
In an article published in 1992, American Shipper details the first use of barcodes for shipping Chrysler vehicles.
On an earnings call with analysts, Saia’s CEO and CFO tried to address the pending collapse of Yellow without mentioning the company’s name.
Universal Logistics reported revenue of $413 million and earnings per share of 90 cents during the second quarter.
Now on demand on WHAT THE TRUCK?!? Dooner is talking to Lori Ann LaRocco; Jamie Hagen; Joe Stevens and Kevin O’Brien
Against significant odds, the Federal Reserve might realize its once-unlikely goal of a “soft landing” — that is, taming inflation without also triggering a recession.
Yellow told nonunion employees that all locations are shutting down or seeing layoffs. The trucking company said regular operations cease Friday.
Investor confidence coincidentally clashes with an executive’s stock sales at autonomous trucking developer.
The latest data from WarehouseQuote indicates retailers have ho-hum expectations for the holiday season.
When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.
Saia’s second-quarter earnings show a decline in volume but by a relatively small amount.
ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.
After experiencing two years of record growth during the COVID-19 pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought to find a buyer and slashed its rates nearly a year before it filed for Chapter 11 bankruptcy protection on Monday.
On Thursday, Yellow Corp. said it is seeking a buyer for its logistics business and the union said negotiations have been fruitless.
Hub Group reported $1 billion in revenue and earnings per share $1.44 during the second quarter.
CPKC released second-quarter earnings results as a merged company.
NS is seeking to improve network fluidity after the East Palestine train derailment, cut down on Ohio-related costs and match resources with market demand in the second half of 2023.
This episode of Tracks Through Time focuses on the crisis over the Suez Canal that put Egypt at odds with France, Britain and Israel. The story has surprising twists and unexpected secret motives. Find out how this shaped the future of shipping routes and globalization.
Inside the WHAT THE TRUCK?!? newsletter Yellow’s impending bankruptcy; freight volumes show signs of life; a pair of trucking scams and more
Navistar saw a big drop in orders, but deliveries of new International trucks helped parent Traton to strong second-quarter results.
Federal rules on driver instructor background requirements are hampering carriers’ ability to staff trainers, according to companies.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Even truckload companies are being asked how a Yellow collapse might benefit them; Covenant had an answer on its second-quarter earnings call.
Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.
AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone.
Reliance Partners’ VP of risk services breaks down what motor carriers need to know about FMCSA safety ratings.
Truck broker Landstar issued worse-than-expected third-quarter guidance Thursday and said most metrics are still underperforming normal seasonal trends.
Revenue declines and a $416 million expense charge put pressure on Norfolk Southern’s second-quarter 2023 net profits.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
The Department of Transportation’s “supercharged” Freight Office will be tasked with overseeing and coordinating competitive grants and how they fit into a national freight strategy.
New sick leave agreements and other deals will increase Union Pacific’s labor costs. Investors on UP’s second-quarter 2023 earnings call wanted to know by how much.
The future of Waymo Via had been whispered about for months after parent Alphabet Inc. cut thousands of jobs across the company earlier this year.
A number of consumer-facing companies have pointed to intensifying spending weakness during Q2 earnings season.
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.
