News

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.

The transformation of Walmart’s distribution network continues with the unveiling of a revamped facility in Texas.

No dollar amount can be placed on the value of fleet safety — it’s beyond price. Violations issued to your drivers, on the other hand, certainly do hold a monetary […]

Trans-Pacific trade is the foundation of American retail and industry. But souring U.S.-China relations threaten that.

Weather-related hazards cause over 1.2 million vehicle accidents each year, yet leading trucking firms still lack a streamlined system to identify which of their drivers are at risk due to adverse weather conditions.

Current and former employees of Total Quality Logistics say they are closely following a former colleague’s two legal actions involving the nation’s second-largest freight brokerage.

BRS follows the Brotherhood of Maintenance of Way Employes Division, which earlier this month rejected the tentative labor agreement.

FedEx and UPS don’t vary from the script as they match on base rates and surcharges.

Ocean carrier contracts and carriers’ ability to make a profit are put to the test in a proposed rule, according to reaction from shippers and carriers.

Trax President Josh Bouk shares his sustainability prowess on FreightWaves NOW’s Net-Zero Carbon TV segment.

Used truck prices helped Ryder in comparison to last year, but the market is weak going forward.

Brokerages can go digital without losing the human element that makes them unique.

Kuehne+Nagel is the largest logistics company in the world. It sees opportunities to capture more business as shipping demand falls.

Trailer and final-mile equipment maker Wabash crushed third-quarter earnings estimates and built its backlog for a rainy day.

Outbound demand in Denver is swinging up after falling to a two-year low earlier this month, and Salt Lake City has shown consistent headhaul market activity since Labor Day.

Cargadores y transportadores piden que se modifique la propuesta de la Comisión Marítima Federal que afecta a la capacidad de los buques para las importaciones y exportaciones

Campbell Soup Co. is taking sustainability seriously. The company has completed a risk assessment study looking at how much water resources Campbell and its partners use.

Most of the commentary from management teams is pessimistic about the macroeconomy.

Ondemand on WTT: the toll gig work is taking; what’s up at F3; trucking truth and rumors and much more

A reversion to the mean will occur after two strong years, Armstrong & Associates predicts.

Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.

FreightWaves’ Future of Freight Festival 2022 is just around the corner — check out these exciting companies on the demo stage.

CN expressed confidence it can handle any market downturns, pointing to areas such as grain and coal where demand strips away any potential macroeconomic softness, officials said during the railway’s third-quarter 2022 earnings call.

Mexico’s Congress approved a bill Wednesday to end daylight saving time in most states, potentially affecting cross-border trade.

The American Trucking Associations puts the shortfall of truck drivers at 78,000 this year, down slightly from 2021 but still high.

Powerfleet takes the high cost and complexity out of data integrations.

ShipBob has launched new integrations with Amazon, giving merchants faster inventory and shipping services when selling through the e-commerce platform.

Daimler Truck’s cellcentric joint venture with Volvo Group is a fuel cell truck first, but a big battery pack makes it a parallel hybrid.

The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.

Federal regulators are considering a rule that would give carriers greater access to broker transaction records.

California and Mexico sign a toll revenue-sharing plan to help fund a new border crossing south of San Diego.

Los planes de la tapa del petróleo siguen en el limbo mientras el reloj de las sanciones de la UE y el G7 se agota

Outbound demand in Fort Worth, Texas, is up for the second week in a row, and diesel prices have stopped increasing but show no sign of which direction they will go next.