News

The U.S. Postal Service plans to freeze rates on Parcel Select Ground and new Connect Local services but will institute a big increase on First Class Package Service.

Dry van volume dropped significantly this month leading into the holidays, but reefer demand remains strong. Diesel price per gallon grows slowly, but the spread between wholesale and retail prices rises.

Container shipping fundamentals are not as bad as spot rates imply, says the head of the world’s fifth-largest ocean carrier.

“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.

Radiant Logistics said Wednesday it needed more time to complete a restatement of financials and submit results to the SEC.

The U.S. Postal Service posted declines in package-delivery revenue and volume.

Target has unveiled a new store model geared toward omnichannel fulfillment that soon will become the standard design.

“You can’t challenge a piece of missing information that’s required; it’s either there or it’s not.”

RoadSync and Fullbay have a deal that should assist in more rapid payments at repair shops.

Euronet’s Dandelion payment network aims to cut out the middleman – and the cost – of cross-border payments.

Now ondemand it’s WTT live from Day 2 at F3 with special guests from Torc, Optimal Dynamics, Tansflo, TriumphPay, Primo and more

Trucking executives are hopeful the first half of 2023 brings a cycle recovery.

A Michigan jury has awarded $7.7 million to a man who was seriously injured in 2018 when the wheel came loose from a box truck heading in the opposite direction, jumped the median and crashed into the front of his vehicle.

Brokerage giant C.H. Robinson will focus its head-count reductions on upper- to mid-level management, sources say.

In a stunning announcement, an analyst and his company that could be seen as skeptical of XPO’s prospects won’t be tracking the company moving forward.

The first meeting of federal panel aimed at promoting women in trucking includes shots taken at a study that one member asserted downplays the prevalence of rape.

Nicole is forecast to move through Florida to Georgia on Thursday and then to the Carolinas on Friday.

Markets across the board have been seeing drops in both inbound and outbound volume since the start of the month.

On demand on WHAT THE TRUCK?!?
How Georgia Ports Authority is dealing with an influx of freight; OOIDA’s Truckers for Troops campaign; Autonomous truck ride and more

Contract logistics giant GXO posts a better-than-expected earnings per share and affirms its full-year targets.

Flatbed hauler Daseke said its trucks remain “booked solid” and that it will look to use cost and efficiency initiatives to improve results again in 2023.

Mexico stayed the top U.S. trade partner for September, accounting for more than $67 billion in cross-border commerce.

Both the railroads and the Brotherhood of Maintenance of Way – Employes Division say the extension will help all parties make the best decision on how to proceed with the outstanding tentative labor agreements.

Freight brokerages see more frequent bid events as opportunities to take market share.

Alphabet’s Wing this week teamed with DoorDash on a limited drone delivery service in Logan, Australia, where it has operated since 2019.

Guided by Emtec Digital, companies can expedite their digital transformation by implementing robotic process automation and intelligent automation, allowing for enhanced operational efficiency and productivity.

Carriers and shippers ignoring the middle mile could be leaving money on the table.

The Ukrainian aircraft manufacturer Antonov said it expects rebuilding the aircraft destroyed by Russian fighters to cost at least 500 million euros.

Boeing on Wednesday issued a bullish 20-year outlook for the freighter jet market.

Cargo misdeclaration may save a shipper money on freight rates, but this underhanded act threatens the lives of those who provide the transportation.

“If this legislation were to pass, the big carriers would be able to pressure shippers and receivers to load their drivers who are on the clock sitting at the loading dock,” Lewie Pugh, OOIDA executive vice president, said.

High utilization rates show a demand for rail cars, executives for FreightCar America said during a third-quarter 2022 earnings call Tuesday.

Mark Russell has been selling converted options in Nikola daily since mid-September, which is not a good look for a company CEO.

The idea that America has a truck driver shortage isn’t going away so easily, and it’s shaping major policy.

Truck driver Leland Schmitt’s bid to be exempt from federal work rules was denied by regulators.

Two key sellers of diesel fuel see supplies being tight but in a market that can adjust to help ensure supply.

According to FreightWaves’ Net-Zero Carbon analyst Tyler Cole, “inglorious” work lies ahead for port sustainability advancement.

Jake Medwell of Austin, Texas-based 8VC and Loren Smith of Skyline Policy Risk Group discuss fuel prices, infrastructure and the possibility of a rail strike.

Carriers often experience turnover rates above 90%. To combat this staggering statistic, carriers need to know why drivers are leaving. The best way to figure that out is to ask them.

Mary O’Connell and Andrew Smith, founder and CEO of Outrider, sit down to talk about all things warehousing and automation

German shipping and logistics giant Deutsche Post DHL has raised its full-year profit guidance to a record of $8.38 billion.

Outbound volumes from Atlanta are picking back up after hitting their lowest levels since 2020, and imports to the Port of New York and New Jersey drop, dragging truckload volumes with them.

WHAT THE TRUCK?!? is live from the greatest party in freight with guests from Fleet Enable, Redwood, Reliance Partners, Roadrunner, Ryder and more

Imports remain 7% higher than pre-pandemic levels, with volumes steadying last month after September’s plunge.

Revenues and expenses were little changed from last year at Expeditors but profitability rose.

With the recent launch of Tomorrow.io’s Real-Time Monitoring system, companies are able to receive granular, real-time weather information relevant to their moving assets.

Weather safety starts well before the first raindrop or snowflake falls, so shippers should look for carriers, like PGT Trucking, that have strong proactive internal processes in place.

Over the next few weeks, Google will add the ability to track packages directly from your inbox.

Boeing and Airbus on Tuesday signed deals to bring more large freighter jets to the market.

An international trade group settles on Miami as the regular location for its semiannual air cargo expo.

U.S. policymakers and electric vehicle manufacturers have a path to making EVs accessible to every American.

Forward Air said Monday it has entered into an agreement to acquire an intermodal drayage provider with locations in Mobile, Alabama, and Memphis, Tennessee.

The key benchmark price used for diesel surcharges increased as the market absorbs divergent sets of data.

Truckload carrier Ascend announced the acquisition of Wisconsin-based Fuchs Trucking, a regional carrier with 96 trucks and 90 drivers. (Photo: Fuchs Trucking)

Forum Mobility, a startup in California, is focusing on zero-emission transportation by creating more charging facilities and offering EV trucking-as-a-service to drayage carriers.

Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.

Daimler Truck North America is taking no chances that a brake module corrosion issue is more widespread than it thinks.

FedEx will suspend money-back guarantees on U.S. and air export next-day air shipments for nearly three weeks.

FreightWaves unveiled two new features in SONAR at the F3 event, and container spot rates from China dropped further.

Meet ‘From Source To Sold” co-author Radu Palamariu; Veteran trucker shares his stunning truck pics; F3 recap and much more on WHAT THE TRUCK?!?

Higher revenues in Q3 weren’t enough to offset a 30% increase in operational expenses for western U.S. rail carrier BNSF.

Amazon has completed 5 million deliveries with Rivian’s custom electric delivery vans since the program launched in July.

Ouster and Velodyne have seen their stock prices tumble this year, but can a merger between the two lead to a turnaround?

Werner Enterprises announced the acquisition of freight broker ReedTMS Logistics for $112.4 million. The deal also included a small dedicated carrier.

This week in Borderlands: A cyberattack disrupts Mexico’s transportation systems; Heniff Transportation acquires a Texas tanker carrier; Bendix expands in Mexico and the CBP seizes $24 million in drugs the border.

FreightWaves new spot rate forecast supports a slow start to trucking’s peak season.

The rail division of the International Association of Machinists and Aerospace Workers will ratify the latest tentative labor agreement between itself and the freight railroads.

The Port of Houston announced it will begin implementing fees for long-dwell containers beginning Dec. 1.

Cargo continued to dominate the passenger side at Korean Air during the third quarter.

As the new CEO at TrandeLens, Kim Spalding joins the ranks of the 19% of women in C-Suite positions in the supply chain industry.

Good news for shippers is bad news for airlines as cargo demand and rates retreat again in October.

Railcar manufacturers expressed five themes in recent earnings calls. Their consensus: There is still much to be upbeat about.

DHL Express’ tariff hike will exceed the increases by FedEx and UPS.

Echo Global Logistics said it has acquired Fastmore Logistics, a brokerage with a specialized carrier network and expertise selling to international freight forwarders.

October hiring in the truck transportation sector took a surprising turn upward in October, according to BLS data.

Agricultural shippers urge Congress to take action to prevent a rail strike while Canadian Pacific has a banner month for moving grain in October.

While Amazon continues to dominate Walmart in online sales, when customers are looking for groceries and other everyday items, they turn to Walmart.

Class 8 truck orders remained strong in October, but lower profits at truckload companies may cool bookings.

Trucking officials talk about survival lessons they’ve learned from previous freight recessions.

Fleet growth will be held steady as the truckload carrier pivots back to a more traditional model.

Terri Creech, head of product and learning at Amazon Freight Partner, spoke with Hannah McClellan, vice president of Amazon Freight, at the F3: Future of Freight Festival about Amazon Freight’s plans to invest billions on safety-related investments for its trucks and trailers over the next few years.

The $3.3 billion acquisition of Meritor Inc. took a bite out of Cummins’ Q3 earnings as did underperforming joint ventures in China.

project44 has secured $80 million in funding to create a system to measure supply chain emissions globally.

Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.

The 2023 list saw a mix of award mainstays and brand-new names. Nos. 1 through 7 all claimed their fifth straight award — meaning they’ve found their way on the FreightTech 25 each year since 2018, when the series was founded.

Cargojet is better protected from an economic downturn than airlines handling general air cargo because of e-commerce and deep partnerships.

Hamilton County’s mayor sits down with FreightWaves to talk logistics and the growth of Chattanooga, Tennessee.

Holiday sales will decline by up to 50% from 2021 levels, but they will still be healthy despite macroeconomic concerns, according to the National Retail Federation (NRF).

La caída de las tarifas y el aumento de los costos están presionando a los transportadores, dice el cofundador del corredor digital en el F3

Nikola Corp. is laying off 7% of its workforce and slowing electric production because making more increases the loss.

Logistics real estate operator Link Logistics said “broad-based demand” further narrowed vacancy rates and produced record lease spreads in the third quarter.

Flexport sees lower spot rates giving certain retailers a pricing advantage at the store.

Eight companies took home Best in Show awards at FreightWaves’ F3: Future of Freight Festival.

DHL Supply Chain is placing bets on different emerging technologies to get a “green” fleet.

FreightWaves’ Grace Sharkey spoke with Chuck Price, founder of AI Kinetics, at the F3: Future of Freight Festival about the future of autonomous trucks and what infrastructure is needed before we can expect to see driverless vehicles on the nation’s highways.

See how you stack up against your peers in minutes.

Transfix’s head of product talks about the company’s new contract structure at F3.

FreightWaves’ Mary O’Connell chats with Torc Robotics analyst Frank Mabry about his company’s vision for autonomous trucking.

Rosemary Coates, executive director of the Reshoring Institute, offers insights into supply chain issues during a keynote address Thursday at the FreightWaves F3: Future of Freight Festival.

San Francisco-based Loop wants to simplify logistics payments through a fundamentally different approach to technology.