Freight shareholders cheer election results
Old Dominion, CSX among largest post-election gainers as freight stocks outperformed broader averages.
Old Dominion, CSX among largest post-election gainers as freight stocks outperformed broader averages.
President-elect Donald Trump’s campaign focused heavily on tariffs against China. Now that he’s won, tariffs are getting a lot of attention. But the issue has more than economic implications. It is about national security.
RXO is boasting that its projected efficiency savings from the Coyote Logistics acquisition will surpass earlier estimates.
Ships are waiting at anchor after port employers at Vancouver and Prince Rupert on Monday locked out union forepersons after contract talks broke down.
RXO’s third-quarter earnings were highlighted by the first numbers from Coyote Logistics as well as an operating loss.
Policies instituted over the past four years during the Biden-Harris administration will likely be reversed or sped up – many to the benefit of the trucking industry.
A family-owned cross-border trucking company — McKevitt Trucking, headquartered in Thunder Bay, Ontario – has ceased operations after more than three-quarters of a century.
Hapag-Lloyd’s dual-fuel-powered container ships will replace older vessels and reduce emissions.
Bipartisan bills including the Safeguarding Our Supply Chains Act and the Combating Organized Retail Crime Act of 2023 propose significant federal support to address the increase in freight fraud and organized retail crime.
An extensive study by a U.N. panel found that Yemen’s Houthi rebels are taking in as much as $180 million a month in protection money from shipowners.
As the Senate shifts toward the right, rail safety could have a different future, especially as the pending rail safety legislation did not secure enough votes to continue. But experts believe there are a few items that could be considered.
Two incendiary devices bound for delivery by DHL from Europe to North America were discovered this summer, prompting Western officials to investigate their origin.
Wabash National, feeling the impact of lower trailer orders, gets a negative outlook at S&P.
Tariffs, tax cuts and legislation supported by President-elect Donald Trump are predicted to benefit the freight industry.
A group with trucking interests as a key driver has been formed in Texas to push new tort reform.
A Miami trucking company and its five affiliates with more than 400 drivers recently filed for Chapter 11 bankruptcy protection.
A former bookkeeper for an Iowa trucking company was sentenced to two years in prison after a guilty plea.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
International Association of Machinists and Aerospace Workers union members voted to approve a new contract with Boeing on Monday, putting to an end a lengthy strike in the Pacific Northwest.
Expeditors International by numerous metrics had a strong third quarter.
October’s Logistics Managers’ Index showed supply chain managers expect transportation rates to move significantly higher over the next year.
Mike Baudendistel, head of intermodal solutions at FreightWaves SONAR, discussed on The Stockout’s election special Monday what Tuesday’s presidential election might mean for the retail and consumer packaged goods industries.
In the wake of the disastrous hazardous materials derailment last year in East Palestine, Ohio, the Federal Railroad Administration has repeatedly said it’s doing everything it can to improve rail safety.
Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.
The benchmark diesel price used for most fuel surcharges declined in the middle of a wild swing in futures markets.
Employers at the Port of Montreal say they will suspend salary guarantees for striking longshore workers who have shut down two container terminals.
Supply chains will see direct effects regardless of the outcome of the presidential race. But what specific impacts on the freight industry are likely under a Harris versus a Trump administration?
The British Columbia Maritime Employers Association representing ocean carriers and terminal operators plan to lock out union forepersons after the International
Longshore and Warehouse Union rejected a final contract offer.
The American Medical Manufacturers Association is advocating for tax incentives and tariffs to encourage more U.S. medical equipment production amid concerns over supply chain disruption following recent hurricanes and ongoing competition with foreign trade partners.
The growth of cross-border e-commerce shipping influenced investment house Stonepeak’s decision to acquire Air Transport Services Group.
The Environmental Protection Agency has awarded nearly $250 million for a multistate project to add electric truck chargers along the I-95 freight corridor.
This week in Borderlands: Major expansion project announced for Port of Progreso; Kawasaki Motors inaugurates $200M plant in Mexico; Logistics provider Veho expands into Texas; and Videndum moves into Phoenix logistics location.
Boeing reportedly dismantled its global diversity, equity and inclusion department on Thursday, and striking members of the International Association of Machinists and Aerospace Workers are scheduled to vote on a new contract offer Monday.
The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.
How much influence could a $250 million purchases of 500 electric trucks have on establishing the value of used trucks?
The number of truck transportation jobs in the U.S., as reported by the Bureau of Labor Statistics, is only slightly off from where it was a year ago.
China’s territorial ambitions in the South China Sea could disrupt global trade lanes and possibly lead to armed conflicts involving the U.S.
Roughly 6% of CDL holders may be involved in predatory lease contracts with their carriers, according to a federal task force.
Uber Freight posted a wider EBITDA loss but showed improvement in revenue in the third quarter.
Amazon Air is looking to make money from its in-house cargo airline by renting out aircraft, including those operated by Sun Country Airlines, to shippers.
Newly announced federal spending on zero-emission equipment and infrastructure at container ports won the approval of the International Longshoremen’s Association.
The president and CEO of Washington Trucking Associations, Sheri Call, explains why mandates could be a problem for trucking companies due to multiple factors.
C.H. Robinson CEO Dave Bozeman talked with analysts Wednesday about his model for turning the company around. The evidence indicates it’s working.
A first look at C.H. Robinson’s third-quarter earnings reveals slightly slower sequential gains than in recent quarters.
Logistics powerhouse Kuehne+Nagel is an early adopter of Amazon Air’s freight transportation service, which it is using to move e-commerce shipments from China to the U.S.
A Virginia engineer was sentenced to seven years and six months in federal prison for his role in an investment fraud scheme that bilked investors out of over $15.6 million after purporting that he had lucrative engineering inspection contracts for federal and state government infrastructure projects.
A federally authorized study on driver retention finds turnover results from trucking companies’ economically driven policies.
Safety and cost implications for trucking weigh heavily on three rulemakings that could see action next year.
Werner CEO Derek Leathers delivered a surprisingly positive outlook for the trucking market.
A total of 122 projects in 41 states and the District of Columbia have been named recipients in the Federal Railroad Administration’s Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant program.
Werner Enterprises’ third-quarter operating ratio deteriorated by 320 basis points.
International container volume gains more than doubled domestic traffic in the third quarter, according to the Intermodal Association of North America.
As FreightVana CTO Don Everhart moves into his new role at Transflo, he answers FreightWaves’ questions on hot FreightTech topics.
EFW, a company that specializes in passenger-to-freighter conversions, is shutting down its U.S. assembly plants because of shortages in skilled labor and other problems that have delayed delivery of large aircraft to Amazon.
The benchmark diesel price used for most fuel surcharges rose though the broader futures market fell.
A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.
Canada’s second-busiest port is bracing for another protest by 1,200 longshore employees who have been refusing overtime work since Oct. 10.
Interstate traffic in North Carolina and Tennessee is still dealing with the fallout from Hurricane Helene.
Tender volumes declined over the week, but tender rejections and spot rates found a little positive momentum over the past week.
This week in Borderlands: Truck driver salaries in Mexico averaging $423 a month in 2024; Horizon Auto Logistics opens office in Veracruz, Mexico; LG Electronics opens $60M plant in Central Mexico; and Texas bridge project receives $80 million in federal funding.
A shuttered Illinois-based trucking company that once hauled general freight, liquids and gases, beverages and paper products recently filed for Chapter 7.
Russia conveyed Iranian data to help Houthi rebels in Yemen attack commercial shipping in the Red Sea.
Grace Ocean and Synergy Marine have settled with the U.S. government but still face civil lawsuits resulting from a deadly container ship accident that brought down Baltimore’s Francis Scott Key Bridge.
East Coast ocean carriers and terminal operators will resume bargaining with the International Longshoremen’s Association on a new contract in November.
A new study projecting adoption of hydrogen internal combustion engines over the next decade suggests modest adoption.
Funding from FEMA will help protect operations and infrastructure at the second-busiest U.S. container hub.
DHL is signing up for hydrogen trucks to be used in Illinois.
UPS’s financial performance bounced back in the third quarter, but it flagged macroeconomic weakness and in-store shopping as potential headwinds for fourth-quarter volumes.
Ryder has been pushing to rely less on vehicle leasing, and it’s getting there.
Union workers voted Wednesday to reject the latest employment contract offer from Boeing.
Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.
Union Pacific Corp. in the third quarter saw double-digit gains for income and earnings on modest carload volume improvement and lower fuel prices.
Here’s a first look at Ryder’s third quarter earnings.
October’s SONAR webinar looked at key factors in earning the Shipper of Choice distinction.
CPKC saw single-digit gains in freight volumes in the third quarter, but the operating ratio climbed as a brief lockout of union employees hit network operations.
The Boeing Co. on Wednesday reported a loss in revenues of over $6 billion in the third quarter.
Strong third-quarter volumes have the world’s second-largest ocean container line upgrading its forecast for higher full-year returns.
Canadian National Railway posted third-quarter revenue slightly better than a year ago as operations appeared fully recovered from destructive wildfires and a labor dispute that briefly shut down the railroad.
TFI CEO Bedard said on an analyst call that he wasn’t sorry the company bought UPS Freight, but he was plainspoken about its issues.
A record number of port calls by container ships presages higher forecast growth for the sector, according to a U.N. report.
Norfolk Southern has reached a tentative five-year agreement with the International Brotherhood of Electrical Workers, the railroad announced Tuesday. The agreement, subject to ratification, means the railroad has tentative deals with approximately 67% of its union workforce.
Norfolk Southern delivered significant gains in earnings and operating ratio during 2024’s third quarter, with new CEO Mark George noting the railroad is “continuing to close the margin gap” with its peers.
Uber Freight is expanding international operations with a new customs-focused office in Nuevo Laredo, Mexico.
An Illinois trucking company recently notified most of its company drivers that it could “no longer support part of its fleet operations” and terminated their positions “due to current market conditions.”
The benchmark diesel price used for most fuel surcharges declined Monday after four weeks of rising prices.
According to a new report by Becker Logistics, cargo theft varies seasonally and by mode and location.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.
Importers with the National Retail Federation fear a second Trump administration could hurt business with higher tariffs on consumer goods.
Tender volumes and rejection rates moved lower over the past week, while spot rates increased slightly during the week.
This week in Borderlands: Port of Corpus Christi becomes global crude oil supplier; Port of Brownsville secures $43M loan for ship channel expansion; US Lumber Brokers acquires Texas distribution center; and Holt Truck Centers expands across Texas with acquisition.
An early peak shipping season, strong economy and resilient consumer spending boosted container volume to a record quarter at the Port of Los Angeles.
Yellow’s Chapter 11 plan before a federal bankruptcy court includes up to $100 million in payments to employees holding paid-time-off and commission claims.
Taylor Swift, who is currently on her Eras Tour, paid over $15 million to ship stage equipment from the United Kingdom to the United States.
Marten Transport turned in a quarterly earnings report that was negative by almost every measure.
At TIA Technovations, logistics technology leaders tackled the challenges of balancing tech investments with tight budgets. The panel highlighted the need to be strategic with implementations, maximize existing tools and foster collaboration with vendors.
A Texas trucking company and its affiliated companies have shuttered operations and recently filed for bankruptcy liquidation, citing serious financial conditions as the main reason.
Forecasts of a bullish freight market were featured in this month’s State of Freight webinar for FreightWaves SONAR.
After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.
Consol Energy is suing the owner of the ship that caused the Baltimore bridge collapse that forced the company to shut down its export terminal for most of Q2.
Trucking and marijuana use was the background issue in arguments before the U.S. Supreme Court this week regarding a driver who was dismissed for failing a THC test even though he hadn’t used marijuana.