2023-11-10 13:00
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freightwaves.com
Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet.
2023-11-10 12:00
Cargojet, which operates a nationwide air cargo network in Canada for e-commerce express companies plus international services, is moving more aggressively to cap fleet growth and preser… Read More
2023-11-09 22:28
Know your neighbor.
The advice is common sense for anyone looking to build a business.
But in the rough-and-tumble cyclical freight world, it is essential.
As individual drivers… Read More
2023-11-09 21:33
CHATTANOOGA, Tenn. — From his position as CFO and chief revenue officer of one of the largest truck-specific insurance companies, Thom Albrecht can see trucking capacity bleeding o… Read More
2023-11-09 20:50
The landscape for freight — and FreightTech — has changed. It’s not as much about shipping goods as fast as possible anymore as it is about getting customers the goods… Read More
2023-11-09 19:00
Flatbed truckload carrier Daseke cut its 2023 outlook on Thursday but said it was hopeful rates would improve as the market becomes more balanced next year.
Third-quarter adjusted earnin… Read More
2023-11-09 18:54
On today’s episode of WHAT THE TRUCK?!? Dooner is coming to you live from day 2 at FreightWaves’ Future of Freight Festival.
He’s joined by special guests Dan… Read More
2023-11-09 18:50
The rail industry should do more to leverage the safety benefits of positive train control (PTC), says the National Transportation Safety Board (NTSB) in a recent report about how to incorp… Read More
2023-11-09 18:47
Rising costs related to inexperienced drivers and distracted driving are behind a new effort to educate the public — particularly teen drivers — about sharing the road with truc… Read More
2023-11-09 18:27
It’s actually possible for the freight economy, which has been stuck in recession for 18 months, to get worse even though the economy produced robust 4.9% growth in the third quarter… Read More
2023-11-09 18:25
Andrew Leto believes that a panoramic freight procurement platform is the missing piece of technology in almost every shipper’s supply chain tech stack.
Leto is the CEO of Emerge… Read More
2023-11-09 17:20
Nashville,Tennessee-based FreightWise has acquired transportation management system software provider Kuebix from Trimble Inc.
The acquisition was announced Thursday and comes just over… Read More
2023-11-09 17:14
Striking United Auto Workers at Mack Trucks will vote again next week on the company’s last, best and final offer of a master contract, essentially unchanged from the deal workers rej… Read More
2023-11-09 15:25
As a record-setting drought throttles transits through the Panama Canal, most of the focus has been on higher-capacity ships: the container vessels, liquefied natural gas carriers and li… Read More
2023-11-09 15:04
FreightWaves unveiled the winners of its 2024 FreightTech 25 awards on the final day of the F3: Future of Freight Festival. This sixth iteration of the award series was full of surprises… Read More
2023-11-09 14:18
As more and more companies partner with FreightWaves to revolutionize the way they look at their supply chains, new and unique applications arise that create growth opportunities. The SONAR… Read More
2023-11-09 13:16
Germany’s Hapag-Lloyd, the world’s fifth-largest ocean carrier, reported much lower profits than expected for the third quarter as sinking freight rates offset improved volumes… Read More
2023-11-09 13:00
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2023-11-09 12:00
A number of freighter operators are starting to back out of, or postpone, commitments for upcoming aircraft leases, underscoring how the prolonged contraction in demand for air cargo shi… Read More
2023-11-09 01:22
CHATTANOOGA, Tenn. — A brand-new interface for the FreightWaves SONAR product was introduced to the trucking community at the F3: Future of Freight Festival.
Rollout of the upgr… Read More
2023-11-09 01:21
CHATTANOOGA, Tenn. — A leading authority on supply chain, geopolitical tensions and financial risks in China says that country’s zero-COVID-19 policy exposed an already fracture… Read More
2023-11-08 23:53
Hyliion Holdings is giving up on making hybrid electric powertrains and will lay off 175 employees — two-thirds of its workforce — as it pivots to develop a business around f… Read More
2023-11-08 23:29
CHATTANOOGA, Tenn. — Brad Jacobs took the stage Wednesday at FreightWaves’ F3: Future of Freight Festival, participating in a town hall Q&A event with a live audience… Read More
2023-11-08 21:19
Freight traffic disruptions at the U.S.-Mexico border due to high numbers of daily migrant crossings — as well as responses by state and federal officials to those crossings — p… Read More
2023-11-08 21:10
FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.
In… Read More
2023-11-08 19:00
CHATTANOOGA, Tenn. — FreightWaves announced during its F3: Future of Freight Festival on Wednesday new SONAR features as well as data contributor growth for its Trusted Rate Assessmen… Read More
2023-11-08 18:28
CHATTANOOGA, Tennessee — To an audience full of people most of whose livelihoods are directly tied to economic activity that consumes diesel, Alex Epstein gave a full-throated defense… Read More
2023-11-08 18:00
Georgia Gov. Brian Kemp’s office said Wednesday that the state has extended its moratorium on diesel and gasoline taxes through Nov. 29.
The suspension of motor and locomotive fuel… Read More
2023-11-08 18:00
CN, the Mississippi State Port of Authority at Gulfport and Ports America have signed a memorandum of understanding that will enable the Canadian railway to provide a new intermodal service… Read More
2023-11-08 17:20
Contract logistics provider GXO Logistics Inc. cut its full-year guidance for organic revenue growth as a weaker-than-expected peak season cut into top-line activity.
Despite that, Green… Read More
2023-11-08 17:07
Not only is a soft freight market generating significant headwinds for tech companies that serve the transportation and logistics industry, but trends in capital markets are also working… Read More
2023-11-08 17:06
Transportation metrics were less bad in October, according to a survey of supply chain executives.
The Logistics Managers’ Index (LMI) report showed transportation capacity cont… Read More
2023-11-08 15:42
The future of energy is precarious, with many energy analysts noting volatility and pressure to the upside of the energy and oil markets. These analysts are watching the price of diesel sin… Read More
2023-11-08 14:48
Cincinnati voters decided on Election Day to allow their city to sell the Cincinnati Southern Railway to Norfolk Southern.
Tuesday’s vote was 51.56% in favor of the sale and 48.44%… Read More
2023-11-08 14:17
More than a dozen logistics firms have been named among North America’s fastest-growing companies.
Deloitte’s Technology Fast 500 list, which was announced Wednesday, i… Read More
2023-11-08 13:40
German transport and logistics giant DHL Group (DHL.DE) said Wednesday it reduced its 2023 earnings forecast in response to a hoped-for second-half global economic recovery that never ma… Read More
2023-11-08 13:19
On today’s episode of WHAT THE TRUCK?!? Dooner is live from day 1 at The Future of Freight Festival and we’re bringing the gong show to Chattanooga.
He’s joined b… Read More
2023-11-08 13:00
After two years of off-the-charts expansion, the U.S. logistics warehouse market began slowing in 2022. It declined more precipitously in 2023 as higher costs of capital and waning end-user… Read More
2023-11-08 13:00
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The post Daily Infographic: How AI can lead to safer roads appeared first on FreightWaves Read More
2023-11-08 11:17
For a third year in a row, FreightWaves has been named to Deloitte’s Technology Fast 500 list, a ranking of the fastest-growing technology, media, telecommunications, life sciences… Read More
2023-11-08 01:23
CHATTANOOGA, Tenn. — Despite one of the most unprecedented downfalls in transportation and logistics history, Convoy Inc.’s ultimate legacy is that it shook up the freight in… Read More
2023-11-08 01:22
CHATTANOOGA, Tenn. — With service reps for e-commerce and supply chain-related firms having to reply to hundreds or thousands of messages daily, using AI can help streamline custom… Read More
2023-11-07 22:40
Tractor-trailer parts and components maker ConMet has acquired Truck Labs, the inventor of gap-closing TruckWings that create fuel savings through aerodynamics.
Truck Labs, founded in… Read More
2023-11-07 22:06
To underscore the fragile state of trucking, FreightWaves CEO Craig Fuller pointed to a development from this past weekend — a small Iowa bank that appeared to be overly exposed to… Read More
2023-11-07 19:33
Three weeks after a 40-year-old Montana-based trucking company and freight brokerage abruptly ceased operations, Meadow Lark Agency and its affiliate, Meadow Lark Transport, filed for ba… Read More
2023-11-07 18:35
Logistics visibility platform Slync, which is winding down operations, is having its intellectual property auctioned off.
Chicago-based DSI Assignments, which is handling the auction pro… Read More
2023-11-07 18:17
(Editor’s note: this article has been revised to reflect the fact the company had negative EBITDA of $23 million in the first quarter of this year.)
Uber Freight managed to record… Read More
2023-11-07 17:51
Daimler Truck reported lower third-quarter deliveries, an outlier to its OEM competitors that reported more trucks reaching customers even as concern about a slowdown grows.
The German c… Read More
2023-11-07 16:16
Learn more at SONAR.FreightWaves.com
The post Weekly Fuel Report: November 07, 2023 appeared first on FreightWaves Read More
2023-11-07 16:06
American consumers just keep on spending — and the volume of containerized imports keeps on rising. October import numbers released Tuesday by Descartes came in exceptionally stron… Read More
2023-11-07 15:44
Third-party logistics provider RXO grew brokerage load counts again in the third quarter but noted some softening during October.
RXO (NYSE: RXO) reported Tuesday a net loss of 1 cent… Read More
2023-11-07 15:10
Acquisitions are continuing apace within the U.S. freight rail industry, with an infrastructure investment firm acquiring SMBC Rail Services and CN taking a stake in Atlanta Canada short-li… Read More
2023-11-03 12:18
Maersk, the world’s second-largest ocean carrier, revealed Friday that it is “intensifying” job cuts in light of the “worsening market conditions” in ocean… Read More
2023-11-03 12:00
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2023-11-03 12:00
This story originally appeared on flyingmag.com. A few months after the Federal Aviation Administration released its Innovate28 plan for scaled advanced air mobility (AAM) operati… Read More
2023-11-03 11:00
Sean O’Brien vowed to bring the belligerence during contract talks with UPS Inc. The Teamsters union’s general president didn’t disappoint.
Negotiations betwee… Read More
2023-11-03 09:00
WASHINGTON — About $290 million of $653 million in new federal grants awarded by the Biden administration will be used to improve truck capacity at U.S. ports.
The U.S. Department… Read More
2023-11-02 21:15
U.S. holiday spending will grow by 3% to 4% over the 2022 holiday to reach record levels of between $957.3 billion and $966.6 billion, the National Retail Federation said Thursday.
This… Read More
2023-11-02 21:15
Now that is an ad!
If you haven’t seen it yet, I’m going to waste two minutes of your time: Please check out the “Mean Girls” Walmart ad here. I’ll wait &md&helli…Read More
2023-11-02 19:17
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here.In 1918, the U.S. Postal Service started to experiment with del… Read More
2023-11-02 18:00
Flexport acquires Convoy tech stack for undisclosed sum
(Photo: Jim Allen/FreightWaves)
The Convoy saga has taken another turn as venture-backed freight forwarder Flexport announced… Read More
2023-11-02 18:00
This story originally appeared on flyingmag.com.
One of the most highly regarded health care providers in the U.S. will soon deliver prescriptions via drone.
Cleveland Clin… Read More
2023-11-02 17:50
Real-time shipping updates are one of the best ways that retailers can provide a transparent and high-quality customer experience. Today, it’s common for large online retailers to let… Read More
2023-11-02 17:26
Operating income for Deutsche Lufthansa AG’s cargo division collapsed to near zero during a seasonally weak third quarter, and the company indicated full-year segment earnings woul… Read More
2023-11-02 16:33
Schneider National reported a big earnings miss Thursday and cut its outlook for the remainder of the year.
Adjusted earnings per share of 20 cents were below a consensus estimate of 37… Read More
2023-11-02 16:04
The Canadian Trucking Alliance (CTA) is taking steps to crack down on a business model known as Driver Inc., a tax avoidance scheme that abuses workers and hurts the transportation industry… Read More
2023-11-02 15:30
To learn more about FreightWaves SONAR, click here.
The post FBX Report: November 02, 2023 appeared first on FreightWaves Read More
2023-11-02 15:24
Nikola Corp. has set aside $61.8 million to replace the batteries in its recalled electric trucks. The company expects to begin returning repaired trucks to customers in the first quarter… Read More
2023-11-02 14:58
By Frank Kenney
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
E-commerce spending is growing ra… Read More
2023-11-02 14:35
CRST has acquired BCB Transport, the Texas-based truckload carrier whose chief information officer and former president — and one of the co-founders in 2011 — is Rick Larkin, we… Read More
2023-11-02 13:45
Ohio resident Matthew James Collins hauls frozen food around the Midwest — onion rings, ice cream and the like. On a recent October morning, Collins was trucking through a snowstor… Read More
2023-11-02 13:14
Engine and power systems maker Cummins Inc. reported higher third-quarter sales across all segments and raised its full-year revenue estimate despite softening business conditions expected… Read More
2023-11-02 12:00
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The post Daily Infographic: Annual carbon emissions savings from diverting truck traffic to railroads appeared first on FreightWa… Read More
2023-11-02 11:00
The average number of employees working for the U.S.-based operations of the Class I railroads for the first three quarters of 2023 is roughly flat to lower compared with the same period in… Read More
2023-11-01 23:34
Werner Enterprises said Wednesday that volumes during this year’s peak season will shake out largely in line with last year but pricing will be notably lower.
The company’… Read More
2023-11-01 23:34
The quarterly numbers for C.H. Robinson came in as one might expect for a 3PL operating in the midst of a weak freight market that has been particularly brutal for brokerages.
Total reve… Read More
2023-11-01 22:57
In 1918, the airplane was still a new technology, but the Postal Service set out to use it to deliver mail. The undertaking was dangerous and many pilots lost their lives.
The Smithsonia… Read More
2023-11-01 22:01
After its driest October on record, the Panama Canal will severely restrict transit capacity to conserve water. Shipping will feel the effects in the months ahead, with different vessel… Read More
2023-11-01 19:47
Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-fun… Read More
2023-11-01 18:56
Aurora Innovation has christened the nation’s first commercial autonomous freight route between Dallas and Houston. But its timing could have been better.
“With this corridor… Read More
2023-11-01 18:29
Despite a challenging freight market, Trimble Inc. said its transportation segment performed well during the most recent quarter but could face “adverse” results in the next fis… Read More
2023-11-01 17:48
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves’ Rachel Premack about a new study that says truck fatalities are up 71% over the past 12 years. H… Read More
2023-11-01 17:45
The supply chain industry has been steeped in manual operations for years, relying heavily on pen-and-paper systems. Yet as customer demands evolve, this old-fashioned approach is proving… Read More
2023-11-01 17:30
The market for converting used passenger jets into freighters is more subdued this year amid a prolonged downturn in freight demand, but there is still plenty of work to be done fulfilling… Read More
2023-11-01 14:30
When it comes to fleets’ electrification at scale, charging infrastructure is the hardest part, and power procurement is a particular challenge. Voltera faces the same challenges a fl… Read More
2023-11-01 14:00
Southwire was chosen as a Shipper of Choice, an award that recognizes retailers and distributors that value their carrier relationships.
The Shipper of Choice award, presented by Freight… Read More
2023-11-01 14:00
The freight market is inching toward recovery, and although everyone has a different prediction of when the turnaround will be felt, the industry’s boom-and-bust cycles indicate that… Read More
2023-11-01 13:30
The November 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal mar… Read More
2023-11-01 13:00
Business growth can happen unexpectedly these days due to the rise of ecommerce, the sudden popularity of “viral” products and busier-than-usual peak seasons. To keep up with de… Read More
2023-11-01 12:00
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The post Daily Infographic: The world’s best Postal Services appeared first on FreightWaves Read More
2023-11-01 00:59
Editor’s note: This story was updated on Nov. 1 to include new information about Omni’s complaint in a Delaware court.
Omni Logistics filed a lawsuit in a Delaware court Tues… Read More
2023-11-01 00:58
WASHINGTON — If drivers have to be federally regulated by hours-of-service rules, brokers should be required to pay drivers for time lost waiting to pick up freight because it ends… Read More
2023-10-31 20:00
The predicted container shipping wipeout is not here yet. Several container lines are still posting nine-digit quarterly profits, despite a tepid peak season, slumping rates and a tidal… Read More
2023-10-31 19:30
Forward Air said Tuesday it will focus on two key components of its less-than-truckload business “full steam” and that it plans to review all strategic options for its noncore o… Read More
2023-10-31 19:30
The popularity of electric vehicles (EVs) has grown so much in recent years that, for the first time, a fully electric automobile was the world’s top-selling car during the first quar… Read More
2023-10-31 19:05
The biggest festival in freight — FreightWaves’ F3: Future of Freight Festival — kicks off in a week, and it promises to be the best one yet.
Set in the heart of Freigh… Read More
2023-10-31 18:29
Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EDT. Catch up on previ… Read More
2023-10-31 17:37
Brad Jacobs, executive chairman of XPO, will serve as the featured keynote speaker at FreightWaves’ second annual F3: Future of Freight Festival, taking place Nov. 7-9 in Chattanoo… Read More
2023-10-31 17:32
Pricing platform Greenscreens.ai has launched a new feature, Capacity On Tap, to enable its users to access their capacity networks and make efficient and thorough decisions when pairing lo… Read More
2023-10-31 15:04
Learn more at SONAR.FreightWaves.com
The post Weekly Fuel Report: October 31, 2023 appeared first on FreightWaves Read More
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