News

Freight broker Landstar System sees a big earnings falloff from the all-time high established a year ago.

The Biden administration has opened the first round of a $400 million, five-year grant program to clear truck pollution at seaports.

Tracking trailer inventory was always part of Outrider’s autonomous distribution yard plan. Now, it is happening.

Aurora Innovation and Continental AG are partnering to build the Aurora Driver autonomous hardware to scale for the U.S. in 2027

Trailer maker Wabash reaped the benefits of its reorganization and long-term customer deals in the first quarter.

C.H. Robinson had a weak first quarter, as expected, and a new CEO should be in place by the end of the quarter, according to management.

Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?

Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.

Norfolk Southern is adjusting how it configures trains in response to the February East Palestine, Ohio, derailment. That will help the company improve productivity later this year, officials said during the railroad’s first-quarter 2023 earnings call Wednesday.

Like Volvo Group and Paccar Inc., which have already reported, Daimler Truck forecasts a stronger-than-expected first-quarter earnings report.

Link Logistics maintained high occupancy and rent growth in the first quarter.

TFI International reported first-quarter revenue declines in all four main operating segments.

Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.

FreightWaves CEO Craig Fuller spoke to Truckstop CEO Kendra Tucker during FreightWaves’ Small Fleet & Owner-Operator Summit about managing volatility in the trucking market and curbing double brokering and fraud on load boards.

“Trucking as a business is not about what you make, it’s about what you don’t spend,” industry expert Adam Wingfield said at FreightWaves’ Small Fleet & Owner-Operator Summit.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Craig Fuller, Rachel Premack, Brent Hutto, Tyler Harden, Evan Shelley and Hunter Shearer

Uber Freight’s head of product shares simple ways to improve decision-making and reduce costs while improving customers’ shipping experiences.

Ryder’s earnings show that even though the company is focused on growing other parts of the business, leasing is still where it makes most of its money.

While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.

Cargolux set financial records in 2022 but expects its air cargo business to decrease this year because of difficult operating conditions.

Nothing is normal in logistics and the power shift in the game of supply and demand has shifted back to the shipper.

Small-fleet summit keynoter Lewie Pugh from OOIDA reveals the secrets of success to thriving as an owner-operator in a down market.

Russia’s invasion of Ukraine and the temporary blockage of its Black Sea port have redirected the flow of grain from Ukraine.

As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.

Yellow Corp. has approved the Teamsters’ selection to the company’s board of directors.

Gary Chicago airport is building a massive apron for freighter aircraft that UPS will only partially occupy. Build it and others will come is how officials think about it.

American Shipper in May 1974 took a look at charges for the handling of freight, which were largely unrecorded if they existed at all before the Civil War.

In the latest bid to block the AB5 independent contractor law from implementation in California’s trucking sector, two key groups are quoting the author of the law.

A weak U.S. consumer and a continued Asian downturn weigh on UPS. The macro environment is expected to remain challenged, CEO Carol Tomé says.

TriumphPay and Highway join forces to create an exclusive algorithm that will combat double brokering.

Canadian Pacific Kansas City railroad announced a deal with Knight-Swift Transportation to provide intermodal capacity for a Mexico-to-Chicago train.

Not to be outdone by CPKC, CN said it is partnering with Union Pacific and Grupo México to provide a new, cross-continent intermodal service that will seek more truck-to-rail conversions.

Paccar Inc. crushed Q1 revenue and profit estimates, a quarter dampened by a $446 million hit related to European price-fixing settlements.

Amerijet and Air Transport Service Group have hit milestones: Amerijet for growing its fleet to 25 aircraft and ATSG for leasing its first used freighter that was reconfigured for cargo by Boeing.

Parcel giant weighed down by soft US retail sales, continued slowdown in Asia

“We could make carriers’ lives easier by giving them a single tool that they can use to make sure that they are not missing any hiring steps,” said LogRock co-founder and CEO Hunter Yaw.

The Q2 Freight Sentiment Indexes show carriers lower, brokers higher and shippers about the same despite ample pricing power.

U.S. box shipments are declining at their fastest rate since the worst of the Great Financial Crisis, with trends having deteriorated as the first quarter progressed, according to the third-largest North American containerboard producer.

Pam Transportation saw first-quarter earnings fall as the truckload market searches for a bottom.

The benchmark diesel price used for most fuel surcharges declined Monday, continuing a trend that goes back six months.

Amazon drivers and dispatchers in Palmdale, California, have won recognition to join Teamsters Local 396 in Los Angeles.

Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.

FedEx is shrinking its network of pilot bases in an effort to cut costs. The move follows a recent decision to transfer a major maintenance facility at LAX airport to Indianapolis.

Yellow confirms that it has asked the Teamsters to open up the National Master Freight Agreement a year early as talks around proposed network changes have stalled.

Toyota expects to deliver incentive-supported, Kentucky-produced heavy-duty fuel cell kits to U.S. customers this year.

There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.

Unions representing locomotive engineers and train conductors are still working through some sticking points with railroads regarding work schedules, sources told FreightWaves.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by gCaptain’s John Konrad; Nick Souza and FreightWaves’ Donny Gilbert

The final panel at the TIA annual meeting echoed a theme of the whole meeting: Double brokering and fraud are surging.

General Motors is recalling 40,000 medium-duty trucks built by Navistar that can catch fire because of leaking brake fluid.

TruckParkingClub.com is launching hourly parking with a pilot program at a Kentucky McDonald’s restaurant.

FreightWaves will host the Small Fleet & Owner-Operator Summit on Wednesday with a full day of industry insights.

TravelCenters of America brings up failed deal in argument for BP purchase.

The pandemic may have exposed long-term weakness to the railroads’ intermodal growth plans.

This week in Borderlands: $102M cold storage warehouse planned for Houston area; auto parts supplier opens $34M plant in Mexico; steel manufacturer, distributor expands Texas operations; and CBP seizes $21M worth of fentanyl in green beans shipment.

Geoff Kelley’s departure from Transportation Insight Holding Co. is part of a restructuring at the Atlanta-based company.

Despite what may be a lot of available parcels, Amazon may have better things to do with its capital than to chase UPS customers.

Layoffs continue at the FreightTech unicorn, Flock Freight, as 45 employees were fired at a recent all-hands company meeting, four months after 60 workers were let go.

A company with just under a 5% holding in TravelCenters of America wants the board to speak with Arko, whose bid for the company has been rejected so far.

Shippers are in a strong market position. At TIA, they talked about what they want from the brokers who serve them.

FreightWaves has won a top award for commentary journalism in the 2023 Jesse H. Neal Awards.

A shipment of gold and other values was pilfered at the Toronto airport in Canada this week and police have few leads so far.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ross Kennedy; Kodiak Robotics’ James Reed; AIT Worldwide Loogistics’ Ray Fennelly

“There have been companies that have introduced [dashcams] with great success and haven’t lost any drivers at all, and then there are other companies that have lost quite a few drivers because of it,” Reliance Partners’ Brian Runnels said.

One of the drawbacks of hydrogen adoption as a transportation fuel is the lack of infrastructure. Guess what? A network of hydrogen fueling already exists.

“The Premier Partner Program expands our carrier family to include an even higher level of qualification of carriers that can meet the needs of participating shippers,” said president George Abernathy.

Service improvements at CSX come as headcount levels are at “a good number,” officials said during the company’s first-quarter 2022 earnings call.

The Silver Bridge collapse has a unique folklore, but it also completely changed how we look at safety regulations for bridges. Hear about the collapse and the stories surrounding it. Then get an inside look with West Virginia DOT’s Tracy W. Brown, a state bridge engineer.

Schneider said Friday it will be a strategic intermodal carrier for the Canadian Pacific Kansas City rail line from Mexico to Chicago.

FreightWaves SONAR has added several features to increase pricing efficiency and strategy effectiveness for transportation teams everywhere.

WestJet can’t catch a break when it comes to starting its new cargo airline. Service began Thursday but could shut down in less than a month if pilots go on strike.

The potential widening of broker liability in the Miller case against C.H. Robinson is creating fears among 3PLs, but attorneys see a potential reversal.

Localz offers a differentiated platform, logistics IT firm Descartes says.

Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.

Knight-Swift Transportation has recalibrated its 2023 outlook after posting an earnings miss to start the year.

Union Pacific’s earnings guidance for the year is based on the assumption that a recession won’t occur, officials said during the railroad’s first-quarter 2023 earnings call Thursday.

Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.

FreightWaves’ ‘State of Freight’ webinar suggests the freight market could remain flat for most of 2023.

DHL Express is ordering nine passenger-to-freighter conversion aircraft to modernize its large fleet.

Inside the WHAT THE TRUCK?!? Newsletter: Have truckload markets found the floor; taking a semi to prom; 420 for truck; and more.

Biden’s labor secretary pick says she’s ready to step in if West Coast dockworkers and their employers cannot resolve their remaining issues.

Volvo Group reported record sales and deliveries in the first quarter, projecting a positive note as the first truck manufacturer to release financials.

Lineage Logistics has opened a facility in Georgia designed to ease chokepoints for imports of produce at mid-Atlantic ports.

Trucking companies should include better legal care options for drivers.

Link Logistics’ customers will be able to do a better job of managing energy consumption under a collaboration with Carrier Global Corp., the companies said.

A large European pulp and paper company issued a profit warning as “the whole packaging market is currently weakening.”

Deregulating trucking made modern supply chains achievable — but it also carved out one of America’s essential blue-collar professions.

XPO fills vacant chief operating officer role with an Old Dominion veteran.

Air cargo professionals hope demand has hit bottom and will start to improve soon, but there could be further downside if some barometers are true.

Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”

A case involving the theft of expensive freight may have led to a legal precedent benefiting brokerage liability.

A page from American Shipper’s archives exhibits how shippers felt in 1978 through an eye-catching speech.

In the most recent year of fully available data — 2020 — only 21 states improved the conditions of their roads and bridges, according to Reason Foundation.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Health In Transportation’s Bob Perry; Big Rig Parking’s Benton Ozburn; FreightWaves Alan Adler and Justin Martin

BNSF is conducting further analysis on a piece of fractured rail from the March derailment of a BNSF train in Minnesota, according to an initial investigation report from the National Transportation Safety Board.

SC Ports’ Inland Port Dillon handled record rail moves in March, although volumes for the port authority overall were down year over year.