Maersk: Shipping profits stay ‘super strong’ as supply chain pain persists
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
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Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
E-commerce is making air cargo an attractive play for investment funds. Atlas Air is on Apollo Global Management’s wish list.
Veho is quickly expanding its last-mile delivery network. But what makes the company different? It’s all in how it builds routes.
TuSimple CEO Xiaodi Hou responded to a federal safety investigation that raised concerns about a potential setback to its driverless truck technology.
Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.
Daseke officials expect strong demand from industrial customers like Caterpillar to help the company grow revenue up to 15% by the end of the year. (Photo: Jim Allen/FreightWaves)
The Democrats’ inflation bill pares down ‘Build Back Better’ but includes $3 billion to help ports and terminals cut pollution.
Headhaul markets such as Chicago continue to see a decrease in outbound volume, while backhaul markets like New Orleans experience growth.
For the second consecutive quarter, Uber Freight turned in a financial report that showed it as profitable by a key standard.
UPS has achieved brand value of $38.5 billion, a 28% increase over 2021.
CN and Canadian Pacific say they’re ready for an anticipated grain volume rebound in the new crop year that runs from Aug. 1 to July 31.
Transportation data showed further loosening during July, according to a supply chain survey released Tuesday.
FedEx will purchase $200 million in warehouse robotics and services from Berkshire Grey as it rolls out more automation across its ground network.
Air and ocean freight company saw its volumes slump but managed to be more profitable as it held the line on expenses.
On Jennifer Rumsey’s second day as CEO, Cummins Inc. reported strong Q2 earnings in North America.
“Terra is the largest transportation solutions company … that you’ve probably never heard of,” said the founder and chief operating officer of Terra Worldwide.
Netradyne’s Nick Grome dives into the power of positive feedback through the Driver•i dashcam.
Quiet Platforms has expanded its e-commerce delivery footprint with a new deal with DHL eCommerce Solutions.
California’s PAGA law, which turns private citizens into mini-prosecutors, may become the key to enforcing AB5 in trucking.
Uber beat earnings expectations for Q2, but its delivery business wasn’t the driver this time around.
While online sales have long shown an upward trend, the COVID-19 pandemic has expedited this shift. E-commerce supply chains need to move just as fast.
The Port of New York and New Jersey has announced a container fee on long-dwelling import or export containers, aiming to reduce an excess of empty containers dwelling at the port and free up space for container pickup.
Truckers being sued by the city of Oakland and port commissioners over a weeklong protest over AB5 are claiming a small victory Monday after Alameda County Superior Court Judge Delbert Gee didn’t immediately grant the temporary restraining order port officials were seeking.
The basis for most fuel surcharges has shed more than 67 cents in just six weeks.
TravelCenters of America Inc. tops $3 billion in revenue for the second quarter.
Outbound reefer tender volumes for San Francisco have risen 54% in the past two months, while outbound volume for Phoenix has risen 20% in two weeks.
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Pitney Bowes and Narvar say a new returns option they are offering e-commerce brands will be hassle-free.
The e-commerce giant is rolling out a store-to-door delivery service that was first reported in May.
Sustainability experts discuss how the transition to net-zero emissions in trucking will not look the same for every company.
Schneider is joining fleets testing highway autonomy, starting commercial pilots in supervised Aurora Innovation trucks this week.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
While headcount for train and engine employees is up for the first six months of 2022 compared with the same period in 2021, the freight rail headcount across all categories hasn’t risen.
Trucker hats have been part of American culture since they first sprang up in the 1960s as promotional giveaways.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Arrive Logistics opens San Antonio office; US-Mexico cross-border freight totals $66B in May; Taiwan electronics maker expands in Mexico, adding 3,000 jobs; and CBP intercepts first-in-nation pest in South Texas.
The spread between spot and contract truckload rates is unsustainable. The question is just how far and fast will they fall?
Electric vehicle maker Rivian is cutting its workforce by 6% amid growing inflation pressure and tightening capital markets, according to reports.
¬¬For businesses across industries, ESG (initiatives have become established as vital to remaining competitive, and trucking’s flatbed sector is no different.
Truck drivers should expect at least a Level 3 inspection when they stop at a weigh station.
Second-quarter cargo business softened on the margins for British Airways and its sister airlines but was still much better than before the pandemic.
Backhaul markets are seeing more outbound volume, while traditional headhaul markets are beginning to see more inbound volume.
Some 80 Houston owner-operators have been on strike against Hudd Transportation since Monday.
Transport and logistics giant TFI posted quarterly gains across the board and raised the outlook for the rest of the year.
With Parade and Tai Software, Concept Logistics is well armed to face the ever-changing freight landscape.
With a long list of heavy-hitting customers that include Walmart, Loblaw and most recently Georgia-Pacific, Gatik has demonstrated that commercially successful autonomous delivery is happening first in a constrained environment, on fixed, repeatable short-haul routes.
AtoB, a new entrant to the fleet card industry, is disrupting the traditional fuel card model with its no-hidden-fee, universal approach, putting the power back into carriers’ hands
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Shippers want to move more goods via rail, and they will do so once rail service improves. This will ultimately benefit lessors like Trinity Industries, CEO Jean Savage told investors on a recent earnings call.
Piece-level tracking gives XPO employees and customers real-time visibility for tracking LTL shipments.
Nuclear verdicts do not just impact the defendants; they drive insurance rates up for companies across the industry, as well as the motoring public.
A proof-of-concept step van with four-wheel steering by wire and 57% better aerodynamics could revolutionize the segment
As fleet operators begin to incorporate electric trucks into their fleets, they are turning their attention to two areas: regulations and infrastructure.
Todd Ellis dives into REG’s line of EnDura Fuels and quantifies its carbon reduction impact.
Despite a wave of delays and closures, Amazon is looking at adding several massive warehouses to its network.
Lean Solutions Group looks to replicate the success of its Colombian nearshoring model.
The retail landscape is rapidly changing due to the consumer’s desire for speed and instant gratification. Machine learning is removing friction from the process.
If you aren’t using a platform with an open API, you may find data siloed between different programs that are unable to communicate with your TMS. Your business will ultimately become constrained by the limitations of your TMS. You won’t have the freedom to design a TMS to your company’s needs.
ArcBest reported better-than-expected results again during the second quarter.
Cargojet says it has two built-in defenses against an economic downturn: e-commerce and unstable cargo service at passenger airlines.
FedEx Ground could have made Sunday deliveries work if it stuck to its knitting, consultant says.
P.A.M. Transportation Services reported better-than-expected second-quarter results Thursday.
Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the company abruptly closed its doors.
Schneider National beat second-quarter expectations even with a precipitous drop in gains on sale.
Share gains come despite another net loss, sharp drop in operating income
Canadian Pacific executives on the company’s second-quarter 2022 earnings call discussed precision scheduled railroading, synergies with Kansas City Southern and intermodal strength in the second half of the year.
Markets in the Southeast, North and Midwest are experiencing an increase in outbound volume that some haven’t seen in almost a year.
The Canadian government wants the railways to submit details on how they will maintain equipment when it gets cold in winter as part of a rail safety initiative.
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“Most customers are trying to decrease their costs per load when it comes to visibility tools of cold chain and perishable shipments. Tive Tag delivers exactly what they need at drastically lower costs,” said Tive’s vice president of global marketing.
In today’s market, it is less about whether a carrier can afford to implement predictive maintenance and more about whether they can afford not to.
Congress will soon mull a $755 million proposal to increase truck parking. But there’s another solution that doesn’t require taxpayer funds.
The drop in ships waiting off Southern California is deceiving. The number of ships off all three coasts is back to all-time highs.
Respect and communication remain vital aspects to driver retention.
Reliance Partners’ Thom Albrecht points to current negative trends as reasons to hunker down now and through the new year.
Forward Air raised its earnings expectations again. Management believes it has the ability to generate higher results even in a recession.
Volvo recently announced its plan to construct an electric charging corridor in California.
The head of the unit says changes to driver contractor agreements must be negotiated individually.
“We see TaaS as something more than leasing, something more than rental. We see it as a way we can create custom solutions for different digital partners as they try to maximize their business,” said Wabash President and CEO Brent Yeagy.
Over the past several years, “culture” has become something of a buzzword in the corporate world. Despite this trending vernacular, the things that make up a company’s culture – energy, diversity and values – are the same things that determine whether or not people want to work there.
Flytrex can now reach 100,000 eligible customers after the FAA signed off on doubling its delivery radius.
Cloud supply chain firm Stord has introduced software that brings together a brand’s disparate supply chain systems into a single dashboard.
Trailer maker Wabash is benefiting from a steady order backlog and a focus on more activity with targeted customers.
At the end of the day, brokers, shippers and 3PLs want a reliable TMS that can handle all of the nuances of both their particular segments of the transportation industry while also offering a simple user interface.
The new rail hub is designed to respond to a growing need to expand domestic intermodal capacity within the greater Seattle region.
Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.
Commentary from the C-suites of trucking remains positive for the 2022 back half.
Converting two flat switching yards back to hump yards and adjusting train schedules are broader initiatives that aim to serve customers better, Norfolk Southern executives said during the company’s second-quarter 2022 earnings call Wednesday.
Robinson’s NAST revenue rises despite LTL volume declines and modest TL growth.
UAE-headquartered port operator Gulftainer says it has turned a “poorly performing past two years into a significantly positive first half of 2022.”
UPS is gearing up for next year’s Teamster negotiations by implementing cost-saving programs.
Less-than-truckload carrier Saia reports record results for the second quarter and said it has no plans of slowing its growth initiatives.
Logistics giant Ryder posted total revenue of $3.03 billion and earnings per share of $4.43 during the second quarter.
DHL is expanding its airport infrastructure in Germany and dedicated route network in the Americas to support growing trade volumes.
A multistate initiative focused on cutting emissions from medium- and heavy-duty vehicles released an action plan for transitioning to zero-emission vehicles.
Pittsburgh is experiencing a rise in both outbound and inbound tender volumes simultaneously.
Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.
Has Nikola managed to rebound? Plus, a unique cold chain visibility tag; something stinks at Slync; autonomous convoys and more on WHAT THE TRUCK?!?
A federal appeals court upheld the FMCSA’s hours-of-service rules by rejecting a challenge filed by safety groups alleging the 2020 changes make the roads less safe.
In proposing a minimum train crew size of two members, FRA reverses its stance that crew size questions should be left to the railroads and the unions.
Preparing your fleet for an inspection is a continual process that requires monthly monitoring of safety data.