News

FreightWaves’ Craig Fuller and project44’s Jett McCandless discuss the challenges faced by founders.

Einride will be building electric vehicle charging stations to support Maersk’s deployment of its E-truck, starting with a facility near the Port of Los Angeles.

Harry Broadman said during a presentation at FreightWaves’ F3: Future of Freight Festival that technology can create jobs, just not the same type of jobs.

Los miembros del sindicato votan esta semana si ratifican el acuerdo provisional revisado

FreightWaves’ Daniel Pickett spoke with Garrett Wolfe, chief product officer of TriumphPay, at the F3: Future of Freight Festival about the company’s open payments network.

Investors behind Vietnam’s first domestic cargo airline, IPP Air Cargo, have grounded operations before ever taking off.

Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.

The Coca-Cola Co., which sells everything from sodas to tea, coffee and more, is a 2022 FreightWaves Shipper of Choice award winner.

Heartland Express said recent fleet acquisitions will take three years to match the level of its legacy operations.

Journalist and bestselling author John Ibbitson’s keynote presentation kicked off the second day of the FreightWaves F3: Future of Freight Festival in Chattanooga, Tennessee, on Wednesday.

The deal announced Wednesday marks Ryder System’s second purchase of an e-fulfillment company in less than a year.

Mexican logistics systems are lagging and they need to be improved to capitalize on a great opportunity, Solvento CEO Jaime Tabachnik said at FreightWaves’ F3: Future of Freight Festival.

Forwarding income from operations was nearly cut in half and truckload prices to customers fell by double digits year over year.

E-commerce platform eBay has extended agreements for Pitney Bowes to continue providing cross-border shipping services to eBay customers.

Cargo revenues from Sun Country Airlines’ Amazon business were flat in the third quarter.

FreightWaves chats with a representative of the rail division of the International Association of Machinists about the labor agreement talks with the freight railroads.

“We understand that the transition from Kuebix to MyCarrier may seem stressful for some of our shippers, but Estes, Trimble and MyCarrier are committed to simplifying the process,” said President and CEO Rob Estes.

Most politicians are clueless about supply chains, so it’s a shame when industry veteran Mike Erickson runs for Congress and pins inflation on ocean carriers.

At the turn of the 20th century, Galveston, Texas, was a powerhouse in the maritime shipping industry and one of the wealthiest cities in the country.

FreightWaves’ Kaylee Nix spoke with Bill Driegert, co-founder of Uber Freight, at the F3: Future of Freight Festival about how carriers can navigate a volatile freight market.

Transportation capacity grew during October at the fastest pace captured in the history of a 6-year-old data set.

TravelCenters of America Inc. announced Tuesday it topped $2.8 billion in revenue for the third quarter.

The unit’s “space and pace” program will bypass the class-rates formula in favor of pricing based on dimensions and weight.

A dozen and a half companies presented their latest FreightTech solutions on the first day of the Future of Freight Festival.

Los transportadores dicen que la demanda de la temporada alta, los proyectos de carga, “nada de eso se materializó

Embark Trucks is expanding into several key markets to create a coast-to-coast autonomous trucking network of transfer locations.

Anthony Smith and Zach Strickland talk inflation and outsourcing in this special live session at FreightWaves’ F3: Future of Freight Festival.

FreightWaves’ Kevin Hill spoke with Steam Logistics executives Jason Provonsha and Steve Cox Tuesday at the F3: Future of Freight Festival about the 3PL’s efforts to end noncompetes in the freight industry.

Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.

A leading expert on China’s economy says its formerly high growth rates aren’t coming back.

XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.

IML: “Ni siquiera durante la recesión del transporte de mercancías de 2019 observamos que la capacidad se pusiera en marcha tan rápidamente

Numerous shippers are realizing that digitization can change their processes, making them stronger and better able to deal with and adapt to external forces.

Leasing companies are going bonkers converting used aircraft for cargo. As demand for air cargo cools, there could be a glut that lowers shipping rates.

Lean Solutions Group, a logistics staffing company that recently passed the 10-year mark, has been investing in technology to keep the company’s growth on track.

ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.

A permanent replacement for TuSimple CEO Xiaodi Hou is expected soon as the company chairman and the ousted founder exchange barbs.

A connected ecosystem supported by multiple stakeholders is the best answer to the fragmentation that drives up costs and hurts service, according to J.B. Hunt’s Spencer Frazier.

A keynote speech by former Notre Dame and NFL star Manti Te’o helped kick off the three-day FreightWaves Future of Freight Festival in Chattanooga, Tennessee.

Reshoring is the global sourcing and supply chain trend for the next decade, according to F3 keynote speaker and geopolitical strategist Peter Zeihan.

Amazon and payment provider Parafin are offering online sellers a cash advance offer with flexible repayment terms.

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

Uber Freight’s EBITDA was barely positive in the third quarter on a decline in revenue.

Uber Technologies reported earnings Tuesday before the bell, and investors took kindly to the results.

Truckload carriers prepare for the other side of the freight boom.

The hottest FreightTech event of the season, the 2022 Future of Freight Festival, kicks off in FreightWaves’ stomping ground in Chattanooga, Tennessee.

Logistics startup Newtrul has raised an additional $5 million to be the “Expedia” of freight booking.

The DOE/EIA diesel price move came after days of wild fluctuations in the November contract price of ULSD.

Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.

The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.

Jaxport CEO Eric Green said the $23.5 million grant “marks a milestone in our initiatives to build the port of the future and move cargo in the most efficient and eco-friendly way possible.”

NOAA’s U.S. outlook forecasts weather conditions that truck drivers should prepare for, according to FreightWaves TV’s Kaylee Nix.

XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.

TuSimple fired co-founder Xiaodi Hou as CEO and kicked him off the board amid federal probes into dealings with China.

Federal board wants four Class I railroads to continue submitting rail service data that shows how service is improving.

Small and midsize retailers remain optimistic about the holiday season, with more than two-thirds expecting profits to increase this year.

The U.S. Department of Transportation is awarding the Port of Long Beach a $30.1 million grant to replace diesel yard tractors with zero-emissions cargo-handling equipment.

Tanker and diesel crisis, looming rail strike and Mississippi drought adding pressure on logistics managers.

The Wall Street Journal reports multiple federal probes of TuSimple’s China dealings after a watchdog set up oversight in February.

The hottest FreightTech event of the season, the 2022 Future of Freight Festival, kicks off Tuesday in FreightWaves’ stomping ground in Chattanooga, Tennessee. Here’s some of what you will learn.

Uber Freight and Transplace are now fully consolidated, and its leaders are touting the benefits.

Last week saw a number of updates on port infrastructure funding and terminal project statuses.

This week in Borderlands: $83M bridge expansion project targets expanding Mexico trade; Volkswagen invests $763M in its Mexico plant; Texas border checkpoint receives $165M for expansion; and the Port of Harlingen awarded grant to improve dock.

Truckload contract rates have slowed their descent after a quick drop in August. What should we make of this as demand continues to ease?

DOT should consider trucking and other supply chain costs in its push to expand off-site and inland container facilities, transportation executives caution.

Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.

Daimler Truck now thinks it will earn more money in 2022 because parts shortages are improving and its backlog-to-build schedule is shrinking.

Concerns that not all of the unions will agree to ratify their labor agreements have caused rail shippers and other transportation industry stakeholders to push President Joe Biden to act.

Ruan announced the acquisition of Michigan-based regional carrier NTB on Friday.

Truckload volumes in Elizabeth, New Jersey, are still rising after a boost in imports last week, but that will likely change in the days ahead. Detroit’s volume boom went bust, bringing reactions to their lowest on record since 2018.

While shorter bid cycles can prove especially valuable during market shifts, it’s important to remember that freight markets are characterized by their volatility.

In the first earnings call since its AB5-driven deal with the Teamsters, Universal CEO Tim Phillips speaks positively about its impact.

No ondemand on a this WTT Halloween special: NASA talks deep space logistics; getting a trucking job in a down market; UberFreight and more

TFI posts strong third-quarter results and boosts its dividend by 30%. But much of the focus is on the work in progress at T-Force Freight.

One of the biggest issues in the logistics industry is still driver recruitment and retention, and this year’s 2022 U.S. Transportation Spotlight Report gives insight regarding retention, recruitment and background screening activity over the past year.

Traton Group relied on Navistar to boost nine-month sales by 11% while a litany of industry issues pressured income.

Since the pandemic started, many shippers found their existing contracts unable to ensure carrier compliance. Supply and demand were especially volatile, and so spot rates, which are more sensitive to changing market conditions, handily outpaced contract rates.

Driver-facing cameras are seen as intrusive and an invasion of privacy in the truck-driving community. Yet fleets are rapidly adopting them.

Target-owned Shipt has come under fire for allegedly misclassifying workers as independent contractors.

Maersk is a giant in the ocean shipping industry. It is also heavily investing to grow its all-cargo airline.

3D perception technology is able to make traditional LiDAR sensors more accurate and flexible, helping the supply chain improve automation performance.

Trucker Path bridges the gap between brokers and carriers, connecting over 1,000 brokers with over 1 million app users.

Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.

A massive eight-day backup of barge traffic at Locks and Dam 26 on the Mississippi River in 1976 resulted in shipping losses estimated as high as $500,000 a day.

The intersection of natural gas and diesel has likely never been more volatile than it is going into the coming winter.

East Coast diesel prices are soaring at a rate far higher than the rest of the country.

Lufthansa Airlines’ cargo subsidiary continued to earn profits during a difficult third quarter, even as the market softened.

Hub Group reported year-over-year increases in its intermodal, logistics and truck brokerage segments during the third quarter.

Amazon reported a third-quarter sales deceleration that it says will persist into the holidays.

Canadian Pacific is working to ensure that merging operations with Kansas City Southern goes smoothly, officials said during the railway’s third-quarter 2022 earnings call.

A Borderless Coverage risk management strategy equips shippers for Mexico’s many challenges.

Schneider National beat expectations for the third quarter but pulled in guidance as peak season is likely to be “muted.”

In this issue of the WTT newsletter, all call to action to help fight back against falling rates; drop in home sales hits freight; Starlink coming to your truck

Tuesday marks the 75th anniversary of the one and only flight of the Hughes Flying Boat, the so-called Spruce Goose.

Charlotte, North Carolina, is seeing a slow recovery after volumes dropped to their lowest levels since February of 2021, and reefer volume in Milwaukee is up more than 22% this week.

Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.

Whatever the demand — big or small — many of pallet traders and companies still operate inefficiently, by email, phone, fax or internet. Until recently, there has been no accessible, universal location to conduct pallet business.

Faster train speeds and shorter dwell times will open up network capacity for NS, officials said during the company’s third-quarter 2022 earnings call.

Delivery drones are showing their last-mile value on a mission to hard-to-reach customers on Sanibel Island, Florida.

According to research from PayPal, retailers and shoppers see eye to eye on returns more than you’d think.