News

Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain.

MSC Air Cargo, the airfreight arm of Mediterranean Shipping Co., has named ECS Group to handle functions in two major markets.

The benchmark diesel price used for most fuel surcharges is now less than $4 a gallon for the first time since early 2022.

Texas officials have reduced state-run inspections of tractor-trailers arriving from Mexico at two border crossings.

Emirates SkyCargo is going back to the future by deploying Boeing 747-400 freighters for the first time in more than five years.

America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.

Higher expenses and lower carload volumes contributed to a year-over-year dip in BNSF’s net profits for the first quarter.

A report to Congress shows that truck safety may have gotten worse since regulators loosened hours-of-service rules in 2020.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Matt Schrap, Ian Weiland, Ryan Hood and Shari Leon

The Biden administration will drop its COVID-19 vaccine mandate at U.S. borders on Friday.

Trailers are constantly on the move in distribution yards for unloading, cleaning, loading, staging and storage. Sometimes, they get lost.

Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.

This week in Borderlands: AI’s rising impact on cross-border trade focus of new report; Mexican authorities recorded 142 tractor-trailer thefts in April; Texas logistics firm opens Phoenix location; and South Texas college launching CDL program.

Flatbed capacity tends to be as erratic as its demand, making it harder to secure in general.

The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.

Comprehensive survey says parcel shippers think status quo isn’t good enough.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Convoy, Uber Freight, J.B. Hunt, Covenant, LogRock

Union Pacific wants a federal court to review STB’s approval of the merger between Canadian Pacific and Kansas City Southern.

The history of the semi truck can be traced back to the Mack brothers.

The Advanced Clean Transportation Expo has grown so large that organizers kept a waiting list for exhibitors.

Shippers want Congress to expand FMC’s power over rail storage fees, but shipping lines say the power is already in the hands of the STB.

Truck transportation jobs rose in April, defying the worst forecasts from the freight recession.

Cold storage provider Americold raised 2023 guidance even though it remains uncertain how much a recent cyberattack will impact results.

“Some companies, not all, are willing to roll the dice on things like safety and maintenance to try to save money. But, when it comes to safety, neglecting small things can turn into big things,” Reliance Partners’ Brian Runnels said.

Alaskan trucking companies are betting that six-figure salaries could lure truck drivers to haul freight in the frigid Arctic.

Former Slync CEO Chris Kirchner has been indicted on federal charges that he defrauded investors out of at least $25 million from the FreightTech startup he helped launch.

Skimpy orders of Class 8 trucks in April mean little because OEMs have lots of backlogged orders to build and bill.

Airbus has delayed the entry into service of the firstA350 freighter until 2026.

While the Panama Canal has played a crucial role in maritime shipping, its construction was fraught with problems. This episode of Tracks Through Time takes a look back on the 119th anniversary of the start of construction.

In this issue of the WHAT THE TRUCK?!? newsletter: market recovery looks grim; yard dawgs; Flexport’s Shopify buy and more.

The president of Sewell Motor Express provides insight on a new way to establish a positive company culture to achieve better employee retention.

CPKC and Canadian coal producer Teck Resources’ new service agreement includes a pilot program in which CPKC will test out its hydrogen locomotives to transport Teck’s coal.

Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.

Two top executives at Altas Air are retiring in their 50s. The cargo airline named Michael Steen as its CEO.

Reduced North American rail traffic isn’t dampening the outlook for these rail equipment manufacturers and rail car lessors.

Wait times of eight hours are being blamed on state-run inspections of commercial trucks arriving from Mexico in South Texas.

“Once shippers get up and running on GoodShip, they invite their carriers onto the platform. This creates a multiplayer experience where each party has access to modern analytics, creating a single source of truth,” says CEO Ryan Soskin.

Neste technical manager joins Drilling Deep to discuss the ways renewable diesel is beneficial both inside and outside of the transportation industry.

Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.

Privately held logistics provider Flexport is acquiring the logistics assets of Shopify to provide complete order management and final-mile delivery services for customers.

Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.

Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.

Oklahoma Congressman Josh Brecheen calls FMCSA’s speed limiter proposal an “overreach” and introduces legislation aimed at heading it off.

Quarterly earnings at stand-alone brokerage RXO were healthy compared to the performance of most companies in the freight sector.

In the wake of the East Palestine train derailment, Congress is poised to take action to improve rail safety. Here’s how they can do it.

Union Pacific, BNSF and Norfolk Southern need to go further in improving rail service, according to a Surface Transportation Board decision requiring the railroads to submit service performance reports.

In 1975, two identical ore/bulk/oil (O/B/O) ships underwent efficiency experiments. During one of these experiments, a new propeller concept broke midjourney, but the ship continued its duty with no changes in performance and the crew had no idea until it reached its destination.

Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.

Only UPS and Teamster rivals benefit when the bargaining leaves the table and becomes a verbal war, Jindel says.

Now on demand on WHAT THE TRUCK?!? Dooner is talking to NASA’s Dave Richwine, FreightWaves’ Rachel Premack and Justin Martin

Tech solutions firm Trimble reported $154.9 million in first-quarter transportation revenue amid a softening freight market.

Deutsche Post DHL sets full-year guidance based on three macroeconomic scenarios.

Once dismissed as a far-off technology, hydrogen fuel cells and infrastructure are getting buzz at the Advanced Clean Transportation Expo.

Surge Transportation’s Omar Singh discusses the value of offering a robust system of partnerships and offerings outside of the core business model.

The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.

Canadian air cargo company Cargojet is searching under every rock for savings to maintain profit levels as shipping demand deteriorates.

Maritime and logistics services company Crowley and Canadian railway CN have joined in a new service that will connect Canada, the Midwest and the Gulf Coast of Mexico.

The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.

Truck manufacturers told EPA that a zero-emission mandate without charging infrastructure to support it would fundamentally change trucking.

The Freightliner Class 6 battery-electric eM2 will go into production this fall with plans for a range of vocational models to follow.

Supply chain software provider e2open gave a bleak outlook in its earnings. Its stock took a pounding in response.

U.S. truck engine maker Cummins on Tuesday reported first-quarter revenue of $8.5 billion, boosted by strong global demand for its products.

Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.

Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.

Packaging industry volumes remain historically weak in Q1, with destocking a recurring theme; when will it end?

The Logistics Managers’ Index hit a new low in April as transportation metrics weighed on the data set.

Uber Freight, Convoy and J.B. Hunt formed the Scheduling Standards Consortium in December to standardize trade data and synthesize scheduling technology.

California-based Zipline just raised $330 million at a $4.2 billion valuation — greater than any U.S. drone company or any drone delivery company globally.

Uber Freight suffered along with the general freight market downturn and saw its first-quarter EBITDA sink yet again.

Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.

Electric truck maker Nikola will get 50 Hyla-branded hydrogen fueling stations in a five-year deal with infrastructure developer Voltera.

Kodiak Robotics bought a Peterbilt Model 579EV to marry its autonomous system with electric propulsion. It is using the truck in testing.

The weekly DOE/EIA diesel price benchmark is almost at the sub-$4 mark, where it has not been since February 2022.

Company also announces another round of driver furloughs.

Trucking industry representatives and others have been tasked with evaluating unfair leasing practices by carriers against owner-operators.

TFI International bolsters its North American LTL presence with two tuck-in acquisitions.

Kodiak has taken big steps along its commercialization journey with new carrier partnerships and advancements in its self-driving trucking technology.

Arizona, Texas and other states aim to reconfigure the global supply chain for makers of electric vehicles, batteries and semiconductors.

At least six people are dead and dozens more injured after a dust storm caused several pileups on Interstate 55 in Illinois on Monday.

DAT’s breach-of-contract claim against Convoy will also proceed.

Ryder’s brokerage segment has rolled out a new loyalty program that gives its most active carriers reductions on the price of used vehicles.

Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.

Carriers and drivers will not be able to take advantage of a new drug testing rule due to a lack of certified testing facilities.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by FMC Commissioner Carl Bentzel; Erik Huberman; Bill Hale; Paul Howard

Etihad Airways in Abu Dhabi and SF Airlines in China are helping each other expand globally by providing ground services for the other at their main freighter hubs.

FreightWaves is giving free access to integrated SONAR data for a limited time in applications that brokers, carriers and shippers use every day.

Canadian trucking and logistics provider Mullen Group announced the acquisition of less-than-truckload and truckload carrier B. & R. Eckel’s Transport.

Union members working for CSX and CN said they have ratified labor agreements with their employers.

The epicenter for electric trucks in Southern California is so far a small part of the massive Velocity Truck Centers.

FreightWaves discussed with Railroad Workers United organizer Ron Kaminkow what craft union employees need from the railroads to improve morale.

This week Borderlands: Nearshoring draws more U.S. logistics investment to Mexico; Volkswagen issues temporary work stoppage at plant in Mexico; commercial auto supplier TitanX expands Mexican factory; and a truck driver in Texas dies in a collision with a freight train.

After over a year of declining volumes and rates, trucking spot rates have leveled and demand has just witnessed an unseasonable jump.

Truckload carrier Heartland Express missed first-quarter expectations.

The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.

Norfolk Southern and SMART-TD, the union group representing train conductors that work at NS, have reached a tentative agreement that addresses scheduling issues and sick leave.

California’s environmental regulators have adopted the Advanced Clean Fleet rule designed to transition away from diesel vehicles in the state.