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Baird analyst Garrett Holland says HG Vora’s offer to acquire Ryder System doesn’t fairly value a projected increase in earnings.
Sustainability database provider HowGood announced it closed a $12.5 million funding round to expand its capabilities and clients.
Digital freight platform Hwy Haul aims to reduce food waste during transportation.
Food distributor Sysco Corp. intends to order up to 800 Class 8 Freightliner eCascadia electric trucks from Daimler Truck North America..
“The time is right for a seismic shift online in the world of open deck shipping. Thanks to its shipper TMS solution, internal TMS and carrier management portal, we feel EXO Freight is poised to fundamentally improve the economics and quality of life for open deck carriers and their drivers,” said Dan Ahrens, managing partner at Left Lane Capital.
With concerns over freight markets heating up, the U.S. Chamber of Commerce is staking out its priorities.
Autonomous technology company Gatik will expand operations in Kansas.
Baltimore’s Headhaul Index has increased 12% week-over-week, and spot rates have risen 4% from Jacksonville, Florida, to Indianapolis.
The White House has set up Operation Fly Formula to rush imports of baby formula to stores until domestic production can ramp up to cover the shortage.
Container Atlas debuted last week during FreightWaves’ Future of Supply Chain event. Here is what you need to know to use it.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
The baby formula supply crisis is a poster child for resilience. The question is who will foot the bill for it.
Tampa Electric says rail service issues are why the power company isn’t receiving enough coal from CSX, according to a filing to federal regulators. But CSX says the problem lies with reduced production at the coal mine.
CMA CGM is a dominant ocean freight carrier that is rapidly growing in air cargo. A tie-up with Air France-KLM will accelerate that expansion.
Outright diesel prices in the spot and futures markets are declining, and there are other market indicators suggesting possible relief for the East Coast market.
Third-party logistics provider Fox Logistics announced it has acquired Boxton’s automated freight platform.
FreightWaves founder and CEO Craig Fuller analyzes changes taking place in global supply chains.
E-commerce fuels Port of Baltimore and shortens time to Asia; Flexport talks ports; latest on diesel and blitz week and more on WTT
While drayage has faced demand surges, they have often been the relatively short-lived consequences of labor strikes or steamship company shutdowns. The impact of the pandemic has been much greater, and it is here to stay.
The Port of New York and New Jersey’s outgoing and incoming directors discuss container migration, reliance on data and how they avoided problems plaguing West Coast ports.
Data is showing improvement in the last mile as the industry recovers from the supply chain chaos of 2021.
The robotic fulfillment and inventory optimization software provider looks to continue growth and expansion.
Agility is more important than ever, as pandemic-related headwinds continue to play out and new technologies strengthen competing companies by offering increased flexibility.
WTT was live at The Future of Supply Chain Day 1 with guests from Redwood, Ryder, HP, Torc and more
Edmonton International Airport announced several sustainability and hydrogen-related partnerships and investments.
Target Corp. reported Q1 2022 earnings before the bell Wednesday, turning in weaker-than-expected numbers.
Electric work truck startup Atlis Motor Vehicles has crowdfunded $32.6 million from nearly 29,000 investors as it readies a public offering.
Spot rates from Chicago to Harrisburg, Pennsylvania, continue trending downward but remain above the national average, and outbound tender rejections for New Orleans rise 6%.
EgyptAir is acquiring a small freighter to go with its trio of widebody cargo planes.
Record diesel prices are fuelling fears of a recession More expensive fuel means more inflation pressures.
According to maritime expert John McCown, the U.S. ports with the strongest April performance were Charleston, South Carolina; Houston; and New York/New Jersey.
Inspection blitzes frustrate truck drivers. But economists found that the International Roadcheck Week boosts overall road safety.
Restrictive trade policies are contributing to the nationwide shortage of infant formula because products can’t be easily substituted from abroad.
Fatalities in crashes involving at least one large truck jumped 13% in 2021, hitting a “crisis” level, according to federal regulators.
The reconstruction of a key portion of the Brooklyn Queens Expressway had a more than $200 million budget for 2023 but has seen that allocation cut sharply.
The company blames a faster-than-expected rise in costs during the second half of the quarter.
Ryder, which provides fleet, supply chain and transportation management, adds two new warehouses to its last-mile delivery network.
It was another record month for GPA, with container volumes up by over 6% year-over-year.
Ree Automotive will team with EAVX on an electric Class 5 walk-in van that will enter trials this summer.
BNSF has made some changes to the attendance policy that it implemented in February, but unions say the changes don’t go far enough to prevent worker fatigue.
Experts discuss sustainable fuels for the trucking industry and how tracking emissions and fuel can unlock new opportunities.
A truck driver, beekeeper and bee expert lay out the challenges of trucking honeybees across the country for pollination.
Intermodal spot rates from LA to Dallas are down 6% in the past week, but dry van spot rates out of Dallas to Indianapolis have begun to increase.
Attracting younger workers to trucking companies means investing in technology that eases wait times and routing and improves communications, experts said.
Container shipping spot rates are easing, at least temporarily, and far fewer ships are stuck waiting off U.S. ports.
The key price used for diesel fuel surcharges declined, but the signals on the East Coast diesel squeeze remain.
FreightWaves founder and CEO Craig Fuller lays out the premise of Freedom Trade.
Elk Grove Village, next to O’Hare airport, has pushed back against more truck parking on its streets with a big jump in fines.
As diesel prices spike and spot rates plunge, independent drivers wonder what their next move should be.
Uber Eats and Boston-based Motional have officially entered the autonomous delivery market with the launch of a Santa Monica, California, service.
Moving big blades down the high, heavy and wide corridor; supply chain response to formula shirtages; CaaS; teen kicked out of prom for brining truck
French automaker Renault is developing a hybrid last-mile delivery model that would deploy drones and e-bikes from delivery vans.
Spot rates from Atlanta to Laredo, Texas, experienced a slight increase in recent days, and fuel prices continue to impact smaller trucking operators.
The board could adopt reciprocal switching and first-mile and last-mile data collection, according to comments made by STB Chairman Marty Oberman at a U.S. House subcommittee hearing last week.
A tractor-trailer carrying 30,000 pounds of eggs crashed early Monday morning on a Dallas highway.
A California trucking and logistics company, which contracts with the U.S. Postal Service to haul mail, recently filed for Chapter 11 bankruptcy protection.
Drone pilot programs continue to pop up, but Amazon is generally not among those receiving attention as its program has reportedly stalled. What can be learned from the slow rollout of Prime Air?
With CVSA’s annual International Roadcheck fast approaching, now is the time for carriers and drivers to prepare for the inspection process.
Airfreight is one solution Abbott Laboratories is using to replace lost production from a U.S. plant that was closed down by the FDA.
Advocates for freight and passenger rail in Texas are pressing legislators to pursue federal grant opportunities that would bolster short lines and intercity rail.
Saudi Arabian Airlines is investing in seven 777 converted freighters as it looks ahead to strong cargo opportunities.
A hard landing on the runway puts stress on a plane. ATR is using artificial AI to help identify any damage and get planes flying again.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Skyrocketing diesel prices could affect US-Mexico import rates; South Texas College partners with a carrier to offer CDL training; Logistics Plus opens a 542,000-square-foot warehouse in Arizona; and exports of Mexican tequila soar 32% during the first four months of 2022.
FMCSA has added three fuels to its list of energy products that can be transported beyond normal HOS rules, but will the larger rule be extended soon?
Unit could fetch $400 million to $600 million, according to a report independently confirmed.
This week: Trailer Bridge and ATS International donate to Habitat for Humanity of Puerto Rico, UPS makes $38,000 in donations to Down Syndrome Alabama and MSC moves Operation Smile medical supplies.
War, pandemic shutdowns and supply chain woes resulted in a nearly 60% month-over-month decline in trailer orders in April.
Ryder System is facing a possible hostile takeover bid, and looming is the question of whether the company is worth more apart than together.
When it comes to lifting lockdowns in China, false hope will remain the norm.
Volume levels have restarted their decline, as have spot rates. The national rejection rate has fallen below 9%…
On WTT Dooner and The Dude are back from #FOSC22 with a recap plus how diecast trucks work; USA Truck x America’s Trucker; trucker plays a song
A proposal to give truck drivers overtime pay would ultimately slow freight movement and impact the speed of e-commerce deliveries.
Fourteen projects received matching grants to upgrade track and bridges.
Chattanooga-based U.S. Xpress announced Thursday that it is cutting 5% of its corporate workforce in an effort to slash costs a week after the truckload carrier reported losing more than $8.9 million in the first quarter.
Electric trucks — battery and fuel cells — unsurprisingly overwhelmed the Advanced Clean Transportation Expo.
Increasing use of automation is helping GXO Logistics reduce the carbon footprint of its facilities and customer supply chains.
A supervisor claimed he was fired because of his age. A court disagreed. For employers, though, it reinforces the need to properly train supervisors and employees on discrimination as a means of preventing it happening.
Class I railroads need domestic intermodal containers in LA to move volume, and spot rates from Detroit to Raleigh continue downward.
Spencer Tenney speaks on the state of merger and acquisitions in trucking and freight brokerage; host John Kingston addresses East Coast diesel.
Diesel prices have hit a new high. In a Bloomberg interview, one fuel station owner warned of rationing on the East Coast.
Forecasters calling for more severe weather this weekend in areas of the country already hit the past few days (video forecast included).
Federal regulators told Congress that insurance companies are refusing to share data about the costs of claims from truck and bus accidents.
Two bills, one before the New York State Senate and another before the New York State Assembly, would require Class I and Class II railroads to have a minimum train crew size.
FreightWaves founder and CEO Craig Fuller analyzes the continuing decrease in truckload rates for dry van loads.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
CFI driver Zach Yeakley “wasn’t really expecting anything out of it” when he was recognized for helping pull six crash victims from fiery cars.
Freight data from payments management platform Cass showed April volume declines were worse than normal seasonal trends.
Israel Aircraft Industries announced Cargojet as the third customer for its program to convert Boeing 777 jets into full-time freighters.
Cummins will work with Daimler Truck North America to get hydrogen-powered fuel cell Freightliner Cascadias to customers in 2024.
New changes to the industry could see a shift in safety measures and the driver shortage.
In order for freight operations to run smoothly, the relationship between carriers and shippers should be strong.
Jaypur Logistics and six of its drivers have been declared an “imminent hazard” to public safety and ordered to cease operations immediately.
Poor driving is often a reflection of management. So when fatal accidents occur, it’s not just drivers with blood on their hands.
The International Energy Agency’s closely watched monthly report does not see any significant relief for the current tight global oil market, particularly diesel.
Diesel inventories on the East Coast are at record lows. Truckers are spooked by the vanishing stocks and soaring rates.
Israel-based drone delivery company Flytrex will deliver subs from Jersey Mike’s to customers in a North Carolina town.
Norfolk Southern issued green bonds in 2021 that enabled it to fund $496 million in projects that aimed to lower carbon emissions.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
Spot rates begin to plateau from Las Vegas to Seattle, and intermodal spot rates appear to be holding up stronger than dry van rates.
Grocery delivery firm Instacart is hoping to cash in on its value with a public stock offering.
