News

The National Transportation Safety Board said an improperly installed borescope plug led to a January engine fire on an Atlas Air Boeing 747. Maintenance on the aircraft was performed just four days before the incident.

Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced Tuesday. The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union workforce.

Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.

Norfolk Southern (NYSE: NSC) posted third-quarter earnings from rail operations of $1.6 billion, along with an operating ratio of 47.7% and diluted earnings per share of $4.85, the railroad announced Tuesday. 

Uber Freight is expanding international operations with a new customs-focused office in Nuevo Laredo, Mexico.

An Illinois trucking company recently notified most of its company drivers that it could “no longer support part of its fleet operations” and terminated their positions “due to current market conditions.”

Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.

The benchmark diesel price used for most fuel surcharges declined Monday after four weeks of rising prices.

Ocean Network Express and terminal operator DP World created a message on a dockside canvas during Breast Cancer Awareness Month.

Emirates has placed an order for five current-generation 777 freighters and is eyeing a big order for next-generation freighters from either Airbus or Boeing.

According to a new report by Becker Logistics, cargo theft varies seasonally and by mode and location.

Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.

Importers with the National Retail Federation fear a second Trump administration could hurt business with higher tariffs on consumer goods.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan May and Rehman Khan

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Tender volumes and rejection rates moved lower over the past week, while spot rates increased slightly during the week.

This week in Borderlands: Port of Corpus Christi becomes global crude oil supplier; Port of Brownsville secures $43M loan for ship channel expansion; US Lumber Brokers acquires Texas distribution center; and Holt Truck Centers expands across Texas with acquisition.

An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.

Yellow’s Chapter 11 plan before a federal bankruptcy court includes up to $100 million in payments to employees holding paid-time-off and commission claims.

Taylor Swift, who is currently on her Eras Tour, paid over $15 million to ship stage equipment from the United Kingdom to the United States.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by NASA’s Logan Kennedy; Tamara Collyer

In this edition: Long-lasting implications for the medical supply chain following the hurricanes, DeltaTrak gives solutions to the masses and Butterball gets the turkey ready.

Port-owned New Orleans Public Belt Railroad and logistics specialist Heniff Transportation Systems have opened a new state-backed transload facility aimed at dry and liquid bulk customers.

Marten Transport turned in a quarterly earnings report that was negative by almost every measure.

Mexico’s Congress has passed legislation that would reverse railroad privatization laws enacted in the 1990s and give the government more control over rail operations, particularly passenger rail.

Using electric trucks for inbound logistics includes Daimler Truck with a 2026 goal of zero-emissions truck deliveries to its plants.

Azul Airlines will soon deploy its first two Airbus A321 passenger-to-freighter aircraft.

At TIA Technovations, logistics technology leaders tackled the challenges of balancing tech investments with tight budgets. The panel highlighted the need to be strategic with implementations, maximize existing tools and foster collaboration with vendors.

The Securities and Exchange Commission has subpoenaed CSX Corp. regarding misstatements in previously financial reports, CSX said in its latest quarterly filing with the government agency.

A Texas trucking company and its affiliated companies have shuttered operations and recently filed for bankruptcy liquidation, citing serious financial conditions as the main reason.

Forecasts of a bullish freight market were featured in this month’s State of Freight webinar for FreightWaves SONAR.

In this issue of the WHAT THE TRUCK?!? newsletter: is the market normalizing; trucking pandas; more

After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.

Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.

ATRI’s 2024 “Critical Issues in the Trucking Industry” report saw truck parking dominate driver concerns, while motor carriers worry more about the economy.

Consol Energy is suing the owner of the ship that caused the Baltimore bridge collapse that forced the company to shut down its export terminal for most of Q2.

The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Alabama.

Federal officials’ proposal to ban cargo trucks from a Texas border bridge has drawn criticism from the trade community.

Trucking and marijuana use was the background issue in arguments before the U.S. Supreme Court this week regarding a driver who was dismissed for failing a THC test even though he hadn’t used marijuana.

Weekly U.S. rail traffic rebounded into positive territory compared to 2023 for the week ending Oct. 12, after falling below previous-year levels a week earlier.

The air cargo sector is finishing the year with a flourish as peak season demand pushes freight rates even higher.

While hedge funds wring savings from other Class 1 railroads, Union Pacific CEO Jim Vena says his line can win new business with service and “operational excellence.”

CSX faces more than $200 million in reconstruction costs as a result of Hurricanes Helene and Milton, and the income impacts of the storms will be felt in both the third and fourth quarters.

The TriumphPay payments network turned in a positive EBITDA performance in Q3, a key benchmark for the company.

CSX Corp. reported third-quarter operating income of $1.35 billion with net earnings of $894 million, or 46 cents per diluted share, in financial results announced Wednesday.

Nick Persin, director of strategic partnerships for FreightWaves SONAR, spoke with Dylan Alperin, VP of professional services at Keelvar, during the October Webinar about delivering SONAR’s truckload datasets to the Keelvar platform.

Logistics real estate investment trust Prologis said it doesn’t expect the market to positively inflect until mid-2025.

From mainstay events like kick-off parties to more unique offerings like professional speed dating, the summit gives brokers and carriers numerous opportunities to seek each other out.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Marc Gorlin; Wendy Buckley; Justin Boren

Backers of California’s AB5 independent contractor law have scored a fresh victory after the U.S. Supreme Court declined to review the Postmates/Uber case.

Logistics warehouse operator Prologis beat third-quarter expectations even as some key metrics dipped amid a market “bottoming process.”

J.B. Hunt Transport Services beat third-quarter expectations as it awaits a turn in the freight market.

The benchmark diesel price used for most fuel surcharges rose for a fourth straight week, but futures prices plunged.

J.B. Hunt Transport Services reported a better-than-expected result for the 2024 third quarter on Tuesday after the market closed.

SeaPort Manatee near Tampa, Florida, is slated to get millions of dollars in emergency state funding to help recover from the effects of Hurricane Milton.

FedEx transported six giant pandas between the United States and China this week on what the company calls the “FedEx Panda Express.”

The Port of Long Beach has $2.2 billion earmarked for accelerating zero-emission initiatives over the next decade.

Driver training is one of the most popular – and effective – ways to safeguard fleets against potential litigation.

Boeing’s striking machinists are not currently expected to be the target of job cuts by the company, according to an internal presentation obtained by The Seattle Times.

One of the primary ways Netradyne advocates for drivers is by giving fleet managers a holistic view of their driving habits, highlighting praiseworthy, safe choices they make every day.

In this edition: The first-ever Freight Fraud Awareness Day is here, and women are major players in the supply chain.

Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.

The fifth-generation Freightliner Cascadia is not dramatically different from the current model but it brings some driver-friendly changes.

The first-ever Freight Fraud Awareness Day, taking place on Tuesday, aims to unite the supply chain community in tackling schemes like double brokering and cargo theft, which have seen a 400% rise since 2022.

Continued volume weakness along with a steadying rate environment were the primary takeaways from Cass Information Systems’ September report.

Former American Trucking Associations CEO and President Thomas J. Donohue, hailed as “a powerful voice for all businesses, employers and their employees,” died Monday. He was 86 years old.

OSHA has warned CSX against retaliating against employees who raise safety concerns.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Jordan Spradling; Cecelia Hull; Justin Martin

A partial work stoppage at the Port of Montreal follows a three-day strike earlier this month by union dockworkers at Canada’s second-busiest port.

A Florida-based truck driver has been found guilty of murdering his co-driver during a cross-country trip in March 2022.

Supply chain software provider Descartes said Monday it has acquired omnichannel e-commerce platform Sellercloud in a deal that could total $130 million.

The annual ATRI survey of top industry concerns reveals a big gap between what drivers and carriers worry about.

Motive has announced a first-of-its-kind service that expedites the emergency response of first responders to drivers of commercial vehicles involved in wrecks.

Tender volumes and rejection rates moved higher over the past week, but spot rates were unaffected on a national level.

This week in Borderlands: US-Mexico trade hit $74B in August, Port Laredo No. 1 again; Imperative Logistics Group acquires freight forwarder Jamco; Gebruder Weiss partners with Mexico load board Cargado; and Avery Dennison opens $100M facility in Queretaro, Mexico.

Boeing is scaling back production plans for the 767 and next-gen 777-X freighters, which could create a shortage of widebody cargo aircraft later this decade.

More than 86% of U.S. healthcare providers across the country are currently experiencing IV fluids shortages in the aftermath of Hurricane Helene, sparking a discussion on nearshoring America’s medical manufacturing.

In this edition: The pharmaceutical supply chain improves packaging, Hurricane Milton disrupts the perishable supply chain and caffeine comes in frozen form.

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Reed Loustalot; Brant Nystrom; Tanner DeHart

Hurricane Milton caused at least $160 billion in damage and economic loss, according to a preliminary estimate from AccuWeather.

Freight railroads from the Gulf Coast to Miami are still assessing damage and making repairs after Milton made landfall near St. Petersburg late Wednesday as a Category 3 hurricane.

Hurricane Milton was the third large disruptor to transportation markets in three weeks. What happens next?

Nikola lays of 135 workers as it seeks to preserve its financial runway.

The Georgia Ports Authority is positioning the Port of Brunswick to be the leading ro/ro gateway on the U.S. East Coast, investing millions in expansion and harbor upgrades.

In this issue of the WTT newsletter: “Lt Dan” becomes Milton’s main character; Elon Musk’s bold prediction; logistics companies deliver hurricane relief; more.

Maersk has taken over a major logistics function in the United States on behalf of Levi Strauss, feeding merchandise to the retailer’s stores and filling online orders.

Air Canada pilots voted in favor of a new collective bargaining agreement Thursday that includes several pay increases and quality-of-life improvements. Described as the airline’s largest-ever labor contract, the deal moves pilot compensation more in line with that of their U.S. peers.

Nonprofit groups loaded with crucial disaster-relief and medical supplies are at staging areas outside Tampa, Florida, after Hurricane Milton made landfall along Florida’s Gulf Coast Wednesday before leaving a trail of destruction across the state.

Recent research by MIT examines how market dynamics and relationships impact contract performance.

A tough earnings report at supply chain software provider E2open was greeted with a big sell-off on Wall Street.

The general aviation airport in Gary, Indiana, is expanding cargo infrastructure to help UPS. There is also a Field of Dreams mentality: Build it and other cargo carriers will come.

Nine Florida ports and one in Georgia remained closed Thursday in the wake of devastation caused by Hurricane Milton.

Hurricane Milton smashed into Florida around 8:30 p.m. Wednesday as a Category 3 near Siesta Key and was making its way across Florida on Thursday.

For the first time in more than nine months, U.S. weekly rail traffic has dropped below 2023 levels.

Freight coordination platform Cartage has raised $3.3 million in a funding round led by Y Combinator. The company, founded by industry veterans, is using AI to streamline logistics without forcing brokers, shippers or carriers to change their preferred communication methods.