More American Shipper Headlines
Transportation industry representatives attack infrastructure law rollout
Maritime
Tough road ahead seen for C.H. Robinson after 4th-quarter disappointment
The day after C.H. Robinson announced disappointing fourth-quarter earnings, the analyst community showed little optimism for the 3PL leader’s near-term future.
Container News
Good times still rollin’ for shipping lines in trans-Atlantic trade
Container shipping rates from Europe to the U.S. are finally falling, but they’re still exceptionally high.
American Shipper Infographics
FBX Report: February 02, 2023
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Most Popular American Shipper Articles
Sloths die of cold exposure on Qatar Airways jet in Belgium
Three furry sloths died when the heat stopped working on a Qatar Airways jet during a long delay at frozen Liege Airport
Virtual Hong Kong airline to lease new 777 converted freighters
Fly Meta has one aircraft and no pilots, but it plans to acquire four Boeing 777 jets transformed for dedicated cargo carriage.
Viewpoint: The 1 trade pipe that will signal a turnaround
Look at ocean freight bookings as a signal that manufacturing orders are increasing.
End of production era, but 747 freighters will fly for decades
It’s the end of an era for the “Queen of the Skies.” Boeing will make its final 747 delivery on Tuesday, but cargo airlines could fly them for another 40 years.
UPS feeder airline intends to buy 20 pilotless cargo planes
Ameriflight, an air cargo contractor for big express companies, is considering a large purchase of uniquely designed, semi-autonomous freighters from Natilus.
Sanctions effect begins: Crude tankers forced onto longer voyages
Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.
Trade Compliance
As US-China relations worsen, expect supply chain chaos
Trans-Pacific trade is the foundation of American retail and industry. But souring U.S.-China relations threaten that.
Flexport juices trade finance program with $200M credit line from KKR
FreightWaves SONAR data revealed global recession months before FedEx’s earnings
Flexport taps Amazon pipeline again for operations leader
FreightWaves Classics/ Infrastructure: Blue Water Bridge is a key US-Canada crossing
Infrastructure
DOT announces $1.2B for 9 ‘megaproject’ winners
Freight projects around the U.S. too large for traditional federal grants have received a major cash infusion.
Daimler built excess electric truck capacity in ‘22
Paccar takes deliberate approach to electrification
Forum Mobility in $400M JV for electric truck infrastructure
Collaboration must be key for railroads to thrive, experts say
Shipping + Maritime
Lessons from the 1994 Puerto Rico oil spill
1994: Those involved in response to the 600,000-gallon spill reflect on their efforts.
CargoX proof of concept showcases interoperability for global trade eBOLs
Gulf Coast ports see record container volumes in 2022
Rough start to 2023 for dry bulk, tanker, gas, container shipping
White House touts easing of supply chain pressures
Shipper's Perspective
Shippers’ revenge is coming for truckload carriers
FreightWaves founder and CEO Craig Fuller provides insight into the state of trucking contract rates.
FreightWaves Classics: Shipping line brought fresh fruit to the Northeast in the late 1800s
2021 Shipper of Choice profile: The Home Depot
FreightWaves launches SONAR SCI Lane Acuity
Commentary: How are freight professionals adjusting to COVID-19?
Air Cargo
At FedEx, nightmare of September seems very far away
Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.
FedEx to cut global officer, director workforce by at least 10%
UPS finds way to steer through treacherous Q4 waters
Air France-KLM doubles order for Airbus A350 freighters
American Airlines’ cargo revenue tops $1.2B despite market slide
Fuel
Benchmark diesel price up, but futures markets take big downturn
The benchmark diesel price used for most fuel surcharges increased this week, but trends are pointing lower.
The Light Load: 1 pork platter, hold the Louisiana Light Sweet
DOE/EIA price drops; diesel futures up ahead of EU ban on Russian imports
Marine fuels boosted diesel prices in 2022, but future impact unclear
Georgia ends motor fuel tax holiday
Rail
More workers in truck transportation in 2022 than earlier estimate
The annual revision to the BLS employment model showed a lot more workers in truck transportation last year than originally estimated.
Canadian rail shippers praise feds’ actions to collect more freight data
Rail shippers see Transport Canada’s amendments to collect more freight rail data as a good start, but they maintain that more can be done.
Hub Group beats Q4 EPS estimates, misses on revenue
Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.
Canadian Pacific touts record grain movements in January
The railway said it moved 2.29 million metric tons of Canadian grain and grain products in January, setting a monthly record.
Canadian Pacific ‘ready to roll’ on Kansas City Southern merger
Canadian Pacific is waiting for the Surface Transportation Board to render its decision on the proposed merger with Kansas City Southern. In the meantime, CP has been conducting interline tests to see how its service might compare to similar truck lanes.
Iowa bill seeks to limit length of freight trains
A bill before the Iowa Legislature seeks to restrict the length of freight trains operating in the state to 8,500 feet.
Feds say merger of 2 rail giants would cause ‘adverse’ noise pollution
A leading federal regulator says a merger between Canadian Pacific-Kansas City Southern would ratchet up rail noise.
GATX optimistic about 2023 despite macroeconomic uncertainties
Rail car manufacturer and lessor GATX sees a strong secondary market and continued demand for rail cars to help support the company this year.
STB response on UP service limited; agency won’t delay arbitration program
The Surface Transportation Board recently took action on Union Pacific’s use of embargoes in the Midwest and rejected the Class I railroads’ request to delay a program related to smaller rate disputes.
Norfolk Southern’s industrial development investments valued at $3.2B
Norfolk Southern and partnering companies were involved in 159 industrial development projects in 2022 worth $3.2 billion.
FreightWaves News
Borderlands: Xcell Logistics sees big opportunities with cross-border trade
This week in Borderlands: Xcell Logistics sees big opportunities with cross-border trade; BMW to invest around $800M in Mexico in EV push; sensor-maker announces new factory in Mexico, creating 700 jobs; and Careismatic Brands moves into major distribution hub in Dallas.
Trucking demand visibility is far more important than supply
Class 8 truck orders take a timeout in January
FedEx Freight announces another round of driver furloughs
It’s mixed bag at Saia with weaker OR but better yield
Pony Express delivers tales of adventure but also failure
Potential FTC probe caps whirlwind week for Amazon
Make last-mile logistics more sustainable with 3 key initiatives
Spot markets are flatlining
Recent acquisitions weigh on Heartland Express’ Q4
Truck tech at Manifest, shipping alliances crack and the art of duty drawback – WTT
FedEx Office ends SameDay City delivery service
ArcBest’s Q4 light of analysts’ expectations
The road to TMS and autonomous truck integration
