News

Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.

Logistics of moving stones; shipping from the mainland to HI/AK; 3PL outsourcing; Super Bowl prop bets and more on demand on WHAT THE TRUCK?!?

Booster CEO Frank Mycroft explains how reimagining fueling can lead to more sustainable delivery.

With the inflation-squeezed consumer running through their discretionary budgets, freight demand is in a precarious state.

Batteries. Electrified components. Fuel cells. Cummins Inc. has plans for all of them. But hydrogen-making electrolyzers top the list.

Radiant Logistics pushed back financial filings once again as it works to correct inaccurate timing of revenue and expenses in prior periods.

The TIA, the leading industry association representing brokers, is ramping up its fight against fraudulent double brokering.

Despite record-low unemployment, the packaging giant behind Bubble Wrap says consumers aren’t buying red meat or shopping online like before.

Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.

U.S. Xpress lost money again, but some data points show improvement.

Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.

The Postal Service is hit by higher costs, slowing package volumes.

In this issue of the WHAT THE TRUCK?!? newsletter: does age matter in trucking; trucking and ocean markets; aid for Turkey and more.

Transaction volume fell 35% in the fourth quarter as investors reassessed the industrial real estate market in the wake of interest rate hikes, a JLL report showed.

Lawmakers are invoking the Congressional Review Act to overturn an EPA rule they say is too costly for truckers — but chances for success are slim.

Best Pass attributes part of its success to its partnerships and encourages fleets of all sizes to consider partnering with other industry players to increase efficiencies.

The e-commerce shipping platform granted its customers access to the last-mile parcel delivery service’s network of logistics assets.

Beer is too expensive, but consumers are happy to spend top dollar on hard liquor.

XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.

Shares are trading down sharply after Forward Air reported shipping fewer pieces per shipment than expected in the fourth quarter.

FreightWaves chatted with Wabtec’s Philip Moslener, who leads Wabtec’s advanced technologies team, about why companies should conduct research in hydrogen in locomotives.

“As a driver, you make your living off your license to drive a tractor-trailer, so it’s critical to make sure it’s in a good standing,” said Robert Kaferle, vice president of safety at Reliance Partners.

Flexport and Shopify are partnering on a new app designed to reduce the complexity of managing ocean shipments for small businesses.

Aloha Air Cargo is seeking to change an unusual federal limit on its fleet size so it can deliver more mail between the Hawaiian Islands.

Chicago Rockford is moving into the major leagues of cargo airports with big expansion plans and the arrival of a global ground handling agent.

FleetCor Technologies beat Wall Street quarterly revenue and earnings estimates and offers a positive outlook for 2023.

Lanes between the Midwest and the Northeast could experience delays as a result of a fiery train derailment in Ohio last Friday.

Transport company RXO, coming off a solid performance in its first quarter as a stand-alone entity, is “positioning ourselves for the inflection,” according to CEO Drew Wilkerson.

XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.

After a bounce in January, containerized imports could drop this month to the lowest level since May 2020.

The latest freight congestion data builds a case for better targeting of billions of dollars in new government infrastructure money.

Weak freight markets led to a fourth-quarter downturn at Uber Freight.

In addition to sugar, other regulatory updates pertain to sodium, whole grains and flavored milk.

What can be done to alleviate emissions and decarbonize transportation in the ports?

On demand on WTT: What boxes say about the freight economy; Edge Logistics Will Kerr; trucker vs trucker trivia; aid for Turkey

The U.S. Postal Service is canceling its mail contract with a California-based trucking company with a history of safety violations and drivers who were involved in two fatal crashes in the past two years.

Supply chain technology provider Trimble Inc.’s transportation revenue was $150 million in the fourth quarter and $604.2 million in 2022.

New sick leave policies are in place at CSX for maintenance-of-way employees and railway carmen.

Cargo thieves stole more than $223 million worth of merchandise in 2022, led by household items, electronics and food and beverage goods.

Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.

Growing big and bulky delivery provider Bungii wants to pay its drivers more quickly and conveniently.

Ocean carrier Maersk sees a rough second half of the year, when remaining support from contract rates “will disappear.”

Nominate industry-leading shippers for FreightWaves’ annual Shipper of Choice award by Thursday, May 4.

U.S. crude oil production

Management from Werner Enterprises parses through 2023 expectations on a Tuesday evening call with analysts.

Transportation firm RXO reports a 19.6% gross margin in the fourth quarter, with brokerage gross margins clocking in at 17.9%.

A golfer named Ryder is going to lead marketing for Ryder, and it all started with a memorable shot at a place like no other in golf.

Engine maker Cummins backs OEM projections of a strong 2023 for new trucks. If the China market recovers, look for an earnings bounce.

TFI’s chief downplayed any talk that goes beyond operational synergies, but analyst Jason Seidl said TFI wants to marry ArcBest.

Less-than-truckload carrier Yellow filed revised notifications with the Teamsters seeking more subdued changes to operations after receiving pushback from the union.

A monthly survey of supply chain executives released Tuesday revealed signals that transportation markets could be poised for a recovery.

Amid recession fears, industry experts reveal freight’s most untapped differentiator— next-generation weather technology.

In the inaugural Moving World Report, UP.Partners dives deep into what drives today’s mobility industry — and examines what’s holding it back.

Less-than-truckload booking platform MyCarrier is automating insurance coverage for the 10,000 shipments it is booking daily.

Oak Ridge National Laboratory, Argonne National Laboratory and Wabtec are in the middle of a four-year project aimed at developing a locomotive engine that can incorporate both diesel and hydrogen.

TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.

The benchmark DOE/EIA diesel price dropped Monday, as the market swings into a new era of restrictions on Russian diesel exports to the European Union.


A maritime law judge has ruled that ocean carriers violate the Shipping Act when they limit container chassis choices for intermodal truckers.

Glenn Ellis was named the first American-born president and chairman of the Japan-based U.S. unit of Hino Trucks.

Air Transport Services Group will see its Amazon business dip this year as the retailer decreases freighter utilization to match slower retail sales.

Daseke said Monday that supply constraints and cost inflation will again push flatbed rates to new highs in 2025.

On demand on WTT: State of warehousing with ShipHero’s Aaron Rubin; Port report with JC Transport’s Ian Weiland; Selling a trucking company with Heath Treasure

Ongoing education — from short training to complete degree programs — is one of the best ways to keep employees from feeling stagnant. Companies that offer access to those opportunities will have an edge when recruiting and retaining today’s future-minded workers.

Former Celadon trucking officials have settled a fraud case with the Securities and Exchange Commission.

For more than 50 years, a familylike bond has existed between FedEx management and employees. After a round of job cuts unprecedented in scope, that bond rests on shaky ground.

Engine maker Cummins Inc. posted 2022 records in key financial metrics as it worked to integrate its Meritor acquisition.

Burrell Aviation has named an ex-Southwest Airlines director to lure cargo airlines to properties it controls at second-tier airports.

The reversion in spot rates is pulling down contract rates, with a significantly delayed effect on ocean carrier earnings.

This week in Borderlands: Xcell Logistics sees big opportunities with cross-border trade; BMW to invest around $800M in Mexico in EV push; sensor-maker announces new factory in Mexico, creating 700 jobs; and Careismatic Brands moves into major distribution hub in Dallas.

Many people get hung up on trying to figure out how much capacity is readily available in trucking when they should be more focused on monitoring demand trends.

Class 8 truck orders in January fell year over year for the first time since August, lightening the 2023 backlog.

Maintenance downtime at Sun Country cut into cargo revenue and growth was limited by slower Amazon e-commerce business.

FedEx Freight on Friday announced the second round of temporary furloughs of drivers in past three months.

LTL carrier sees likely flat operating ratio in Q1 compared to Q4 of ’22.

The Pony Express lasted only one year and was a financial failure. So why are we still talking about it today?

Amazon may face an Federal Trade Commission antitrust lawsuit in the coming months, according to a Wall Street Journal report.

Tracking and acting on sustainability metrics, as well as implementing small and large-scale sustainable last-mile goals are vital steps toward reducing greenhouse gas emissions.

Consumers’ appetite for discretionary spending has been usurped in favor of squirreling away income into personal savings.

Truckload carrier Heartland Express missed fourth-quarter expectations Friday.

Major OTR carrier talks truck tech at manifest; the art of duty drawback; shipping alliances crack and freight trivia on demand on WHAT THE TRUCK?!?

FedEx Office plans to focus on other growth opportunities after retiring its SameDay City service, FedEx Corp. says.

ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.

A cross-section of Industry experts offer thoughts on how transportation management systems will integrate with autonomous trucks.

The annual revision to the BLS employment model showed a lot more workers in truck transportation last year than originally estimated.

Rail shippers see Transport Canada’s amendments to collect more freight rail data as a good start, but they maintain that more can be done.

Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.

Amazon posts solid revenue but retreats on operating and net income.

The tanker industry has a storied history of corporate showdowns. The latest, a three-way tussle involving Euronav, looks far from over.

Jones Logistics said Thursday it has acquired dedicated carrier Nationwide Express.

The day after C.H. Robinson announced disappointing fourth-quarter earnings, the analyst community showed little optimism for the 3PL leader’s near-term future.

Luma Brighter Learning is helping carriers stand out as top employers during a driver shortage through better training programs.

GoFreight, a startup freight shipping platform for small and midsized freight forwarders, recently raised $23 million in a Series A round.

Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.

Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.

UPS is replacing MD-11s with more fuel-efficient Boeing 767 freighters as reducing costs and carbon emissions become increasingly important.

The railway said it moved 2.29 million metric tons of Canadian grain and grain products in January, setting a monthly record.

Aligning with certain customers on long-term supply agreements helped Wabash post Q4 and full-year records.

The initiative has built “stickiness” with drivers, broadened access to carrier capacity and resulted in better service, according to the company’s brokerage head.

If history is a guide, advanced technologies in Daimler Truck North America’s SuperTruck II prototype could end up in production.

Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.