2023-08-28 20:41
Container shipping spot rates in the Asia-U.S. trade have halted their ascent after rising double digits since late June. Several spot-rate indexes are now showing a retreat from recent… Read More
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2023-08-28 20:30
Florida legislators have provided the Jacksonville Port Authority (Jaxport) in Florida $30 million to purchase two new container cranes for the Blount Island Marine Terminal at the Port of… Read More
2023-08-28 19:55
Sydney-headquartered Martinus has make its first North American acquisition — Missouri-based Bottom Line Co., a railroad contractor that specializes in track construction, bridge cons… Read More
2023-08-28 18:45
Ports along Florida’s coasts are preparing for Tropical Storm Idalia, which is expected to hit the state as a hurricane late Tuesday or early Wednesday.
The Coast Guard has declare… Read More
2023-08-28 18:26
Less-than-truckload carriers continue to report higher shipment counts following Yellow’s exit, but total tonnage is being constrained by lighter shipment weights.
ArcBest (NASDAQ:… Read More
2023-08-28 17:47
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to the biggest plush seller on Amazon about Prime Day results, peak season prognostications and if retailers have worke… Read More
2023-08-28 17:19
Even as city, state and federal officials urge residents to flee ahead of high winds and flooding, truck drivers answer the call to haul emergency supplies to areas where hurricanes are exp… Read More
2023-08-28 14:04
Ohio-based Republic Steel has been ordered to pay nearly $4.6 million to a Pennsylvania trucking company and its affiliate after a federal jury determined that the steel mill breached its c… Read More
2023-08-28 13:23
Learn more at SONAR.FreightWaves.com
The post Weekly NTI Update: August 28, 2023 appeared first on FreightWaves Read More
2023-08-28 12:48
Tropical Storm Idalia is gaining strength and is expected to become a major hurricane before making landfall on the Florida Gulf Coast later this week.
As of 5 a.m. EDT Monday, Idalia wa… Read More
2023-08-28 00:30
Chart of the Week: Outbound Tender Reject Index – USA SONAR: OTRI.USA 2023 v 2019
The national Outbound Tender Reject Index (OTRI) topped 4% this month for the fi… Read More
2023-08-27 11:00
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s truckers plan nationwide strike, blockades; $… Read More
2023-08-26 19:05
(Editor’s note: This article has been corrected from its earlier publication to more accurately describe the relationship between Pilot and Mountain Express).
Nineteen MEX center o… Read More
2023-08-26 14:00
By Joel Morrow
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
According to American Transportati… Read More
2023-08-25 22:10
WASHINGTON — The country’s largest advocacy group for people over 50 wants federal regulators to do more to protect pedestrians from getting hit by trucks.
AARP — forme… Read More
2023-08-25 21:53
Following a tough second quarter, Knight-Swift Transportation announced Friday after the market closed that its two top executives would take a 20% voluntary cut to their base pay for the r… Read More
2023-08-25 21:29
The sticking point between railroads and rail worker unions over a federal hotline for reporting safety concerns is how to ensure rail employees don’t misuse the system to avoid disci… Read More
2023-08-25 21:06
This story originally appeared at flyingmag.com.
Walmart has gained a reputation as a home to some of the weirdest and wackiest shoppers among us. If you live in the Dallas-Fort Worth me… Read More
2023-08-25 19:03
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to Justin Martin about why truckers don’t care about National Truck Driver Appreciation Week; is trucking a commod… Read More
2023-08-25 18:42
The distribution points around the Hawaiian island of Maui are overwhelmed with food, water and other personal effects and do not need any more donations of such items, the executive direct… Read More
2023-08-25 18:00
Just 10 years ago, if you were a U.S. shipper sending goods across the border to Mexico, you faced a significant risk: a lack of cargo insurance.
In the U.S. and Canada, most carriers… Read More
2023-08-25 18:00
Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on warehouse news, tech developments and all things reefer madness-related. I&rsq… Read More
2023-08-25 17:04
The Panama Canal Authority (ACP) says it will extend water restrictions for at least another 10 months in an effort to conserve water if rainfall patterns do not vary significantly from… Read More
2023-08-25 15:02
“And as the years go by
Our friendship will never die
You’re gonna see it’s our destiny
You’ve got a friend in me” — Randy Newman
The battle… Read More
2023-08-25 15:00
By Bart De Muynck
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
The last mile, in the context o… Read More
2023-08-25 13:46
It’s been a good week for GXO Logistics as two separate analyses — one on the debt side, the other on its equity — gave high marks to the third-party logistics provider… Read More
2023-08-25 12:00
To view more FreightWaves infographics, click here
The post Daily Infographic: Big oil sees downtick in 2023 appeared first on FreightWaves Read More
2023-08-25 11:00
Within the next 10 years, U.S. and Canadian grain exports could look very different from now. Stiff competition from other grain-producing countries and regions, such as Brazil, the area ar… Read More
2023-08-24 22:37
Retailers to exert more pressure on CPG companies and other suppliersWalmart shares (black) have outperformed Target (blue) since news of a needed inventory correction in mid-2022 sent both… Read More
2023-08-20 11:00
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US-Mexico cross-border trade may hit $1 trillion by 2028;… Read More
2023-08-20 00:30
Chart of the Week: Outbound Tender Market Share – Laredo, Phoenix, McAllen, Ontario SONAR: OTMS.LRD, OTMS.PHX, OTMS.MFE, OTMS.ONT
Truckload demand has nearly doubled… Read More
2023-08-19 16:05
Less-than-truckload carrier Old Dominion Freight Line entered a $1.5 billion bid for Yellow Corp.’s terminals, according to a Friday filing in a Delaware bankruptcy court. The new off… Read More
2023-08-18 21:31
Clean, green renewables are on the rise. Coal, the dirtiest fuel, is dying. Or so the energy transition line goes. The reality, according to the International Energy Agency (IEA), is that g… Read More
2023-08-18 21:13
Rail volumes have largely returned to normal at the Canadian West Coast ports of Vancouver and Prince Rupert following the summer labor strikes, although train volume overall has yet to cat… Read More
2023-08-18 19:29
U.S. Postal Service contractor Matheson Flight Extenders (MFE), which operates 44 mail sorting and terminal handling services across the country, filed paperwork this week stating that it p… Read More
2023-08-18 19:28
A bill that would mandate minimum pay levels for Uber and Lyft drivers in Minneapolis, including a per-mile rate that is not all that far less than what national averages show it takes… Read More
2023-08-18 18:48
Spam is not forgetting its long-standing relationship with Hawaii in the state’s time of need as the brand’s parent company, Hormel Foods Corp., sends aid in the aftermath of th… Read More
2023-08-18 17:43
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to industry consultant Bart De Muynck about the fallout from Yellow’s bankruptcy and what it means for the indust… Read More
2023-08-18 17:20
Toll roads are often maligned in the trucking world. Many carriers have been known to route their movements away from them in an effort to save a few bucks. This reputation is misguided… Read More
2023-08-18 16:17
The U.S. has requested a dispute settlement panel under the United States-Mexico-Canada-Agreement over Mexico’s plan to ban genetically modified corn imports.
Mexican officials hav… Read More
2023-08-18 15:30
For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.
California Freight believe… Read More
2023-08-18 15:00
Those surprised by Proterra Inc.’s Chapter 11 bankruptcy filing earlier this month probably should not have been. The signs of financial stress were all there. Lower-than-expected rev… Read More
2023-08-18 13:30
The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics—is a quarterly publication using freight payment data from U.S. Bank in conjunction with… Read More
2023-08-18 13:00
It’s been three weeks since the closure of the nation’s third-largest less-than-truckload carrier, Yellow, and the impact is still being felt across the industry.
Kent Will… Read More
2023-08-18 12:00
To view more FreightWaves infographics, click here
The post Daily Infographic: Higher energy prices push United States energy trade with Canada to record-high value appeared first… Read More
2023-08-18 11:00
Airports specializing in air cargo shipments have outperformed hybrid airports that also cater to passenger traffic during the current shipping slump, researchers at DePaul University said… Read More
2023-08-18 00:34
Radiant Logistics announced it has opened a new brokerage office in Overland Park, Kansas. The managers of the new operation were formerly with Yellow Logistics until its Aug. 1 closure… Read More
2023-08-17 23:08
With the doors open at FreightWaves headquarters in Chattanooga, Tennessee, to outside visitors who wanted to witness in person the August State of Freight webinar with CEO and founder Crai… Read More
2023-08-17 20:55
The bigger they come, the harder they fall. The shipping boom in the trans-Atlantic market was one of the world’s biggest, and spot rates in this trade have not only plummeted from CO… Read More
2023-08-17 20:19
Welcome to the WHAT THE TRUCK?!? Newsletter presented by AIT. In this issue, a trucker bathroom law could become a national model; a trucking bloodbath blood clot; expensive rest stop food;… Read More
2023-08-17 20:00
By Satish Jindel
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
The parcel market is facing a su… Read More
2023-08-17 19:25
Yellow Corp. has chosen a $142.5 million bankruptcy financing package from Citadel and MFN Partners, according to a Thursday status update in a Delaware court. The proceeding also revealed… Read More
2023-08-17 18:43
A rail union group wants to know why the Class I railroads haven’t yet adopted a federal program in which railroad employees may anonymously report safety-related incidents.
The Tr… Read More
2023-08-17 18:42
Jeremy Reymer, CEO and founder of DriverReach, was joined Thursday by a champion for the industry, Doug Marcello, chief legal officer of Bluewire and shareholder with Saxton & Stu… Read More
2023-08-17 18:30
Kodiak Robotics, Pilot open 1st autonomous truckport
(Image: Kodiak Robotics Inc./Pilot Co.)
On Thursday, self-driving trucking company Kodiak Robotics and Pilot Co. opened their first… Read More
2023-08-17 16:34
Steve Girsky knows Nikola Corp. as well as anyone. He was instrumental in bringing the electric truck and hydrogen distributor public via SPAC, and he chaired the board for a tumultuous two… Read More
2023-08-17 15:35
Walmart Inc. reported Thursday fiscal 2024 second-quarter revenue growth of 5.7%, paced by a 6.4% gain in U.S. same-store sales, and an overall operating income increase of 6.7% year on yea… Read More
2023-08-17 13:25
Supply chains are built on customer service, and even weak economic conditions won’t lower customers’ high expectations when it comes to the services they pay for.
If anythin… Read More
2023-08-17 12:00
To view more FreightWaves infographics, click here
The post Daily Infographic: ALAN mobilizes in response to Hawaii wildfires appeared first on FreightWaves Read More
2023-08-17 11:00
This article was originally published in the second issue of FreightWaves’ Supply Chain Playbook.
Since the COVID-19 pandemic, which exposed an already fragile global supply chain… Read More
2023-08-16 22:26
Ferdinand, Indiana-based A/T Transportation and its brokerage, Automated Logistics, have been acquired by OnLine Transport Inc., a truckload carrier with more than 600 trucks and employees… Read More
2023-08-16 21:20
More than a year after Frances Hall was arrested for felony fraud, the case against the trucking company owner continues to make its way through the Texas legal system.
A pretrial hearin… Read More
2023-08-16 20:58
WASHINGTON — The Federal Motor Carrier Safety Administration’s announcement last week that it will consider waiving federal preemption over meal and rest breaks laws in Californ… Read More
2023-08-16 19:05
On today’s episode of WHAT THE TRUCK?!? Dooner is joined in the studio by Alex Mai from Mutha Trucker News and Truck Parking Club’s Evan Shelley and Hunter Shearer. They&rs… Read More
2023-08-16 18:46
More bad news from Zim, the world’s 10th-largest container line operator and a major player in the Asia-U.S. East Coast trade: After slashing its full-year guidance in July, it report… Read More
2023-08-16 17:00
Canadian Pacific Kansas City’s plans to drum up additional cross-border business will benefit shippers wanting to use the eastern U.S. Class I railroads to access markets in the South… Read More
2023-08-16 15:34
To learn more about FreightWaves SONAR, click here.
The post FBX Report: August 16, 2023 appeared first on FreightWaves Read More
2023-08-16 13:30
FreightWaves’ Carrier Rate Report — presented in partnership with DDC FPO and Trimble — provides a review of the previous quarter and a forecast for th… Read More
2023-08-16 13:14
TruckParkingClub.com announced Wednesday its customers now have the ability to view available parking spaces in real-time across eight states including Indiana, Iowa, Kansas, Kentucky, Minn… Read More
2023-08-16 13:00
The way that people work has changed dramatically in the last two decades, but most noticeably over the last few years with the rise of remote work.
According to a Pew Research Center sur… Read More
2023-08-16 12:00
To view more FreightWaves infographics, click here
The post Daily Infographic: Class I railroad train lengths appeared first on FreightWaves Read More
2023-08-16 11:00
Air Transport Services Group, a diversified lessor and operator of cargo aircraft, has rented out its first Airbus freighters to an airline in Malaysia and is raising debt to help fund more… Read More
2023-08-16 02:25
Apollo Global Management has sold the term loan it held for Yellow Corp. and has withdrawn its proposal for bankruptcy financing, according to Financial Times.
Miami-based hedge fund Cit… Read More
2023-08-15 22:26
Less-than-truckload freight flows continue to be redistributed following the shutdown of carrier Yellow Corp. Saia Inc. said Tuesday after the market closed that shipments per day were u… Read More
2023-08-15 22:07
Canada-based carrier Highlight Motor Group (HMG) recently broke ground on a 100-acre development in the Toronto area that will serve as the company’s new headquarters and trucking ope… Read More
2023-08-15 20:48
Mainstream European tanker owners have largely abandoned the Russian trade now that the country’s crude and diesel have breached Western price caps. The so-called “shadow”… Read More
2023-08-15 20:40
Every week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of lon… Read More
2023-08-07 22:06
Retail diesel prices as measured by the benchmark used for most fuel surcharges surged again this past week even as the futures price has taken a two-day breather.
The Department of Ener… Read More
2023-08-07 19:52
WASHINGTON — Federal officials are pushing the U.S. maritime industry to submit to the government information on incidents that had nearly resulted in vessel collisions as a way to im… Read More
2023-08-07 19:35
Traditional shipowning families often don’t behave like retail stock traders focused on the next few quarters. Longtime shipowners focus on building multigenerational wealth across… Read More
2023-08-07 19:32
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
U.S. carriers are white-knuckling a brutal freight m… Read More
2023-08-07 19:19
With travel stop operator Pilot Travel Centers now 80% owned by Berkshire Hathaway, the conglomerate’s first earnings report since Berkshire took its ownership up to that level is… Read More
2023-08-07 17:40
On today’s episode of WHAT THE TRUCK?!? Dooner is talking about a delivery robot viral video straight out of Hollywood. We’ll take a look at what happened to Serve Robotic… Read More
2023-08-07 17:36
Volvo Trucks North America and Mack Trucks are recalling nearly all the battery-powered electric trucks made over the past four years because of an issue that can cause a battery fire.
T… Read More
2023-08-07 16:34
TFI International Inc. said Monday it has acquired JHT Holdings Inc., an asset-light North American transportation provider for Class 6-8 truck manufacturers.
Terms of the transaction we… Read More
2023-08-07 16:30
The current freight recession has forced companies across the logistics industry to focus their attention on cutting out waste and safeguarding profits.
In order to reduce co… Read More
2023-08-07 15:55
BNSF’s net income for the second quarter of 2023 fell 24% year over year (y/y) from $1.66 billion to $1.26 billion. Parent company Berkshire Hathaway attributed the second-quarter ear… Read More
2023-08-07 15:27
One aspect of the Yellow bankruptcy that looms in the background is that the LTL carrier has not defaulted on its senior secured debt and may not do so.
Buried within a more than 300… Read More
2023-08-07 15:18
(UPDATED 2:25 P.M. ET with details on creditors)
Western Global Airlines, which operates chartered cargo jets for the U.S. military and other customers, on Monday filed for Chapter 11 ba… Read More
2023-08-07 14:53
Learn more at SONAR.FreightWaves.com
The post Weekly NTI Update: August 07, 2023 appeared first on FreightWaves Read More
2023-08-07 12:00
To view more FreightWaves infographics, click here
The post Daily Infographic: Volvo recalls 63,095 trucks for defective wiper motors appeared first on FreightWaves Read More
2023-08-07 08:57
Less-than-truckload carrier Yellow Corp. has filed for bankruptcy, putting an end to the 99-year-old trucking firm.
In its Chapter 11 filing in a Delaware court Sunday, the company estim… Read More
2023-08-06 23:23
Daimler Truck CFO Jochen Goetz, an architect of the company’s split off from Daimler AG into a stand-alone company, died “suddenly and unexpectedly” on Saturday, the Ge… Read More
2023-08-06 11:00
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A stronger Mexican peso could pose challenges for U.S.-Mexic… Read More
2023-08-06 00:30
Chart of the Week: Van Contract Initial reporting of average base rate per mile, National Truckload Index excluding estimated fuel costs above $1.20/gal – USA SONAR: VC… Read More
2023-08-04 21:31
WASHINGTON — A federal watchdog has found that too many Mexican-based trucking companies moving long-haul freight into and out of the U.S. are receiving lax oversight from the Federal… Read More
2023-08-04 21:30
FedEx Corp., the nationwide parcel delivery giant, said it is eliminating jobs at a facility in Fort Worth, Texas, after losing a customer, according to a recent notice sent to state offici… Read More
2023-08-04 20:03
Shipping lines have been in the red in the trans-Pacific trades for months. They may have just inched back into the black again, courtesy of the rise in spot rates over the past five wee… Read More
2023-08-04 19:44
“Over the past century, Henry Ford’s innovation — the automotive assembly line — has transformed virtually every manufacturing process. Now a new innovation is follo… Read More
2023-08-04 19:34
Nikola Corp. added $107 million in unrestricted cash to its balance sheet from asset and stock sales in the second quarter. But its year-over-year loss grew as production of hydrogen-powere… Read More
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