News

Trucking fintech AtoB on Wednesday announced raising $155M in a Series B round.

Chemicals and logistics experts discuss the impacts of using payments technology during FreightWaves’ Supply Chain Meets FinTech event.

Vaclav Smil, author of “How the World Really Works,” joins FreightWaves’ Supply Chain Meets FinTech event to talk about supply chain frictions.

JOOR CCO Jennifer Rosado and The Fision CTO Tom Kanach discuss how upscaling tech and sales works in the business of fasion.

Tyson Foods was chosen as a Shipper of Choice — an award that recognizes retailers and distributors that value their carrier relationships.

Love’s has killed plans to build a truck stop on Interstate 90 in Montana, with local opposition winning out despite government approval.

HyperTrack has raised $25 million as it looks to build an API-first approach to routing the final mile.

Hong Kong’s COVID rules have handcuffed Cathay Pacific’s pandemic recovery, and typhoons last month wreaked havoc with freighter deployments.

Navistar’s S13 integrated powertrain will be the truck manufacturer’s last internal combustion engine as the trucking industry decarbonizes.

Walmart pulls back on its order activity to align its inventory levels with projected demand.

Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.

Federal regulators are issuing new guidance for truck driver medical qualifications, and sleep apnea regulations could be a next step.

Canadian Pacific has won clearance from U.S. regulators for its KCS acquisition and has reached a labor agreement with union leaders for train and engine employees.

The latest whammy? A U.K. port strike could delay deliveries of Guinness.

A report by S&P Ratings keeps Penske’s debt ratings at its current level, but the outlook is improved.

The freight market in Lexington, Kentucky, continues to heat up, as Jacksonville, Florida, cools down.

Leases of mega-warehouse facilities rose 50% in the first half of 2022, CBRE study says. But leasing by e-commerce companies declined dramatically.

Netradyne’s Ryan Knight says fleets should identify their pain points before choosing a camera solution.

The logistics industry is collaborative by nature and leaning into that fact is one of the most effective ways carriers can ward against turmoil during market shifts.

Geodis is acquiring Need It Now Delivers, adding 300 locations to its U.S. e-commerce network.

Inland port projects and rail cargo handling facilities are among the projects awarded grants through the Department of Transportation’s RAISE program.

BigCommerce will offer Affirm buy-now, pay-later payment options to its merchants.

Brokerages that already have customer contracts allow agents more rate stability

With fuel costs rising and a potential recession looming, providers need to be find a better way to optimize delivery instead of just passing along costs.

Pete Zimmerman of enterprise resource planning software firm VAI explains why AI can be the cornerstone of food distribution.

When the 2023 orderbooks for trailers finally open, the suppressed booking numbers will flip in a hurry, but that isn’t happening yet.

The benchmark diesel price published by the Department of Energy has now dropped for eight straight weeks.

The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.

FedEx Ground contractor Spencer Patton has backed off a request for a 50-cent increase per stop and a 20-cent-per-mile hike for solo and team runs by contractors between hubs.

Precision scheduled railroading again took center stage during a roundtable concerning rail service.

An annual ATRI survey reflects the weakening correlation between retail diesel prices and actual trucking fuel costs.

Outbound tender rejection rates in Memphis fell hard to the lowest value since April 2020, while outbound volumes in Philadelphia continue to rise.

Supply chain shortfalls continue to hamper retailers; Peloton’s pivot; protecting peak season cargo; UPS contract talk heats up now on demand on WHAT THE TRUCK?!?

Experts discuss the different scopes of emissions in supply chains and how warehouse operators and fleets can take advantage of efficiency gains to lower emissions.

Walmart announced a new high-tech consolidation center in Pennsylvania, creating up to 1,000 jobs, will open soon.

A FreightWaves survey of carriers suggests most believe California’s AB5 independent contractor law will affect their business.

Pitt Ohio initiates direct service into and out of New York state.

Cass data shows changes in freight shipments and expenditures during July were less volatile when compared to prior months.

DoorDash continues expanding its grocery delivery business, adding 420 locations through Grocery Outlet Holding Corp.

Airbus is so pleased with its first three Airbus A321 freighter conversions that it plans to add six more of the jets.

This year’s performance will not be as explosive as last year’s. But it will still be very good, a 3PL industry expert says.

The two eastern U.S. Class I railroads say they’re well on their way to meeting greenhouse gas emissions reduction goals.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas bridge expanding to include full cross-border commercial trucks; Mexico’s heavy-truck production, exports soar in July; Texas port receives $13.6M to renovate rail yard; and trucking company owner sentenced to prison for $12.7M fraud.

This week: University of Arkansas’ undergraduate integrated supply chain management program renamed in honor of J.B. Hunt; CFI wraps another truck for its “She Drives CFI” initiative; and Bendix helps build a new high school athletics facility in the new headquarters’ community.

Navistar is recalling 8,483 International LT and LoneStar Class 8 trucks because battery cables can overheat to 260 degrees Fahrenheit.

President Joe Biden plans to sign the Democrats’ inflation bill containing tax credits for all electric trucks — with a particular boost for last-mile delivery.

Fitness company Peloton plans to turn over all final-mile business to J.B. Hunt and XPO in the coming weeks.

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.

Outbound volume from northern California has jumped in August, and rejection rates have soared in Baltimore from increased volumes and protests at the port.

How supply chain bullwhips will impact peak season; getting vets jobs in trucking; truck load market breakdown and more on WHAT THE TRUCK?!?

A new name in electric truck charging and infrastructure broke cover this week with $1 billion or more in private equity funding.

UPS Airlines is keeping its pilots happy with a new contract extension.

Reliance Partners’ Robert Kaferle dives into FMCA’s DataQs system, what it is and why you should be eager to use it.

Eric Sauer, who has worked for CTA for more than 20 years, has become its new CEO.

EV maker Arrival, which has a 10,000 van order from UPS, said it would only produce 20 vehicles this year, down from an estimated 400 to 600 just one quarter ago.

A new survey found that while 66% of Americans trust online shipping networks to deliver time-critical items, some still avoid e-commerce in times of need.

There’s a new report out that should concern diesel buyers.

The most recent IEA monthly oil report outlines some forecasts that should concern diesel users.

According to an email sent by FourKites founder and CEO Mathew Elenjickal and acquired by FreightWaves, the board of the Chicago-based company has requested a full “product portfolio review to align with market realities.”

Federal regulators are considering a congestion emergency order to require carriers to share cargo data with shippers, railroads and trucks.

In this issue: port protests hit Baltimore; Ford’s drone trucks; world’s largest container ship; and do delivery apps deliver to trucks?

DAT accuses Convoy of contract violations. Convoy calls DAT a “monopolist” looking to thwart competition at any cost.

Detroit sees at least a 20% decrease in both inbound and outbound volumes, and imports to the Northeast are slow to transition to the truckload market.

Air Canada is moving quickly up the ranks of hybrid passenger-cargo carriers.

Daimler Truck posted improved revenue and income in Q2 but expressed full-year concerns because of Russia’s war on Ukraine.

Yang Ming summed up its second quarter and the first half of 2022 in about 150 words.

Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.

Evolving recruitment marketing efforts in sync with the market.

Federal prosecutors on Wednesday dropped a fraud case against two former Celadon trucking company executives.

Lufthansa Cargo is increasing cargo capacity to key markets after adding a large 777 freighter.

Transport Canada is considering making the data collection of rail service metrics permanent — a move the Forest Products Association of Canada supports.

Shipping’s carbon footprint has only increased in recent years. Can we trust Big Oil to decarbonize the industry?

Cloud supply chain logistics firm Stord is adding drayage, reverse logistics and temperature-controlled fulfillment to its software.

Fertilizer shippers push for transportation reforms to help products compete amid ongoing supply chain disruption.

Maersk Air Cargo is preparing to start U.S. service that originates in South Korea.

Temporary Postal Service rate increases on peak-season parcel-delivery services will come down hardest on heavier packages traveling more than 601 miles.

Hyliion still depends on its hybrid electric booster for its revenue, but the orderbook expanded 11% for the Hypertruck ERX in Q2.

Philadelphia is a backhaul market that has switched to a headhaul market so far this year, and outbound volumes in Louisville, Kentucky, have reached their highest point since SONAR began tracking the market in 2018.

A survey on truck driver compensation by the American Trucking Associations showed the scope of the gains in driver pay over the last two years.

South Korean ocean carrier HMM expects “downward pressure” on demand growth in the second half of 2022.

Manna, an Ireland-based drone delivery company, will soon expand into the U.S. and mainland Europe.

Uber Freight shares their road map to autonomous trucking; what procurement says about the economy; freight story of the year so far on WTT

With the goal of becoming more competitive and efficient in today’s evolving truck transportation market, shippers are looking for large carriers for partnership from beginning to end.

Latam Airlines’ cargo division has expanded its European service, including a dedicated charter flown for logistics provider DB Schenker.

Recent filings to the board from various parties focus on wo bears the burden to show if or how Amtrak service between Mobile, Alabama, and New Orleans would affect freight operations.

Nikola Chairman Steve Girsky recruited Michael Lohscheller to lead Opel when Girsky was at General Motors. Now he’s done it again.

DOT officials are calling the start of data sharing among supply chain companies a ‘milestone’ event.

Mubadala Capital announces acquisition of Ontario-based Canada Cartage, one of the largest carriers in Canada.

E-commerce fulfillment platform ShipHero is adding Veho, a crowdsourced delivery provider, to its official delivery partners for e-commerce orders in Texas.

Switching out lighting in warehouses with 25-foot to 35-foot ceilings isn’t simple. But LEDs pack economic, labor and environmental benefits.

Driver turnover has been a challenge for trucking companies across the U.S. After implementing SHIPSMobile Content, companies are seeing improved driver retention and a reduction of the “hire, train and repeat” culture.

Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.

UPS is cutting levies on heavier-weighted shipments out of Asia and the South Pacific.

Washington state is weighing options after agreeing not to appeal FMCSA’s preemption determination on the state’s truck driver meal/rest break laws.

The U.S. Postal Service has reported single-digit drops in shipping activity compared to last year’s more robust pace.

A longtime trucking executive says the Supreme Court’s decision not to review a C.H. Robinson case could transform trucking.

Despite economic headwinds, the rail car manufacturing market will find support in the second half of 2022 amid tight rail car supply and improving rail service metrics, FreightCar America executives said on an earnings call.

Jacksonville shows steady signs of its headhaul nature after backhaul activity earlier this year. Outbound volumes in Salt Lake City have decreased 11% in August.

Inside this edition: Know what the claims team needs to be successful; LTL quarterly results come in hot; and the tribe has spoken.

Workhorse Group recorded next to no revenue in the second quarter as CEO Rich Dauch’s transformation hits the one-year mark.