12-month story: Crude oil prices move slightly lower, but diesel falls further
The benchmark price used for most diesel fuel surcharges was down for a second consecutive week.
The benchmark price used for most diesel fuel surcharges was down for a second consecutive week.
A Mexico-based real estate developer is seeking partners to develop $1.7 billion in industrial and logistics parks along the U.S.-Mexico border.
Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.
The UPS maintenance division is moving into a new hangar, capable of supporting 747 jumbo jets, at its global air hub in Louisville, Kentucky.
Drayage carriers at the Port of Long Beach may be adding more internal combustion engine vehicles than zero-emission vehicles to prepare for California’s Advanced Clean Fleets rule. The Port of LA’s use of ZEVs is also low.
A new audit of trucking contractors for the U.S. Postal Service recommends reforms for verifying safe drivers and triggers a call for new regulations.
A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest.
This week in Borderlands: Texas-based customs broker expands cross-border footprint; Pennsylvania-based mushroom grower expands production into Mexico; Impilo expands distribution network with Phoenix warehouse; and TT Electronics opens factory along US-Mexico border.
Pricing trends and rejection rates are signaling a market shift is approaching. What should market participants do?
Even as carriers’ pricing power deteriorated, freight demand was consistently robust throughout February.
BNSF Railway reportedly furloughed hundreds of mechanical department workers at train yards in 4 states.
The Sisters of the Road photo collection highlights female truckers’ struggles and improvements needed for industry equality.
The Teamsters and Anheuser-Busch have reached a new five-year contract covering 5,000 workers across operations in the U.S.
Natural gas, battery and fuel cell electric vehicles all vie to displace diesel. Which will win? Maybe all of them.
The CEO of the Port of Long Beach boss cited restocking ahead of the Lunar New Year as the driver for import growth in January.
An owner-operator claims ELDs, required by regulators to measure hours of service, are too expensive.
Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.
While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.
J.B. Hunt President Shelley Simpson becomes CEO on July 1, succeeding John H. Roberts III.
Shippers say a new Federal Maritime Commission rule meant to make billing more transparent will instead cause them more headaches.
Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.
Massive wildfires in Texas and Oklahoma have disrupted travel and prompted mass evacuations.
Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.
Spot rates are back above breakeven and Zim’s costs are falling.
The Texas Supreme Court has set a March 6 deadline for any parties that want to weigh in on the $90 million verdict against Werner Enterprises.
Multiple looming factors in maritime could impact the upcoming contract season, boosting capacity at the ports of Los Angeles and Long Beach.
Rising insurance costs, which were flagged by most carriers on fourth-quarter calls, present a headwind to earnings, Morgan Stanley said Tuesday.
Knight-Swift Transportation said Tuesday its president and CEO, Dave Jackson, has stepped down and will be replaced internally with CFO Adam Miller.
Financial data from Canadian bank BMO, a major lender to the trucking industry, showed further credit deterioration.
Over 570 layoffs hit freight-related companies in California, Illinois and Michigan, with firms citing market conditions and loss of customers as reasons for the job cuts.
When Berkshire Hathaway bought the last 20% of Pilot Travel Centers, the deal valued the chain at significantly less than just a year earlier.
Routes, service and driver safety could be at risk if federal regulators allow California and Washington state laws to supersede federal work laws, according to FedEx.
Trucking, logistics and factoring companies are collectively owed millions of dollars after a California-based freight forwarder filed for bankruptcy liquidation.
Dockworkers are fully prepared to swap pallet jacks for picket signs come October.
This week in Borderlands: Shifting supply chains boost trade in California-Baja mega-region; Union Pacific opens expanded Phoenix intermodal terminal; Radiant Logistics expands air cargo operations in Texas; and avocado workers in Mexico file labor complaints.
Regulators have imposed new billing standards on ocean carriers that shippers consider a “major step” toward eliminating abuse.
Supreme Court considers that question and what it means for disputes taken to arbitration or to court.
Federal prosecutors have charged the owner of an Illinois trucking company in an elaborate scheme to help applicants cheat on CDL exams by using hidden microphones and earpieces.
Hyliion is getting a second chance to make a viable business with its Karno technology that could help generate a buyer for the company.
The U.S. Postal Service contract is an albatross around FedEx’s neck. The company needs to fly less during the daytime and consolidate more express and ground parcel shipments, Barclays says.
Kimberly Fisk, the new COO of Triumph’s factoring group, sat down for an interview with FreightWaves as she begins the job.
J.B. Hunt said Thursday it will buy Walmart’s intermodal assets and that the two companies entered a multiyear agreement that will bring more shipments to J.B. Hunt’s network.
Flexport has launched the Convoy Platform, aiming to boost the logistics ecosystem for shippers, carriers and brokers.
Texas-based factoring company Genesis Network Telecom filed for bankruptcy liquidation on Wednesday.
Following 15 months of challenges, U.S. ports are once again experiencing substantial growth in inbound containers.
Takeaways from the State of Freight webinar this month kick off with an “abysmal” February.
New cyber-risk requirements for container terminal owners and operators are part of a major maritime cybersecurity initiative announced by the White House.
Spot market metrics saw a brief reprieve in January as winter storms sidelined capacity, but carriers say the market will likely stay depressed for at least a couple more months.
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
Expeditors makes less money than it did five years ago.
Federal safety regulators have advised owners of older anhydrous ammonia tanks to conduct pressure testing to avoid catastrophic failure.
Teamsters Canada said negotiations with Canadian National Railway Co. and Canadian Pacific Kansas City have stalled over issues of pay and working conditions.
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
Spot-exposed carriers are likely to see a boost to their Q1 2024 financials.
Volume data at Expeditors suggests that the year-on-year decline is slowing from where it was earlier in 2023.
The Airforwarders Association has begun to collaborate more with international counterparts and moved the date of its annual event away from Super Bowl Sunday.
“Grabbing the Hammer Lane,” a one-actor show with trucking as a theme, is winning strong reviews.
Pro-Trump truckers said they will refuse to take loads to New York City after the former president was fined $355 million in a civil fraud verdict last week.
A recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.
The Georgia Ports Authority sets export record in 2023; the Alabama Port Authority and CSX partner to launch an intermodal facility; and the Port of Cleveland receives $32 million for upgrades.
This week in Borderlands: Cross-border logistics firms expand operations into Mexico; Texas State Highway 130 toll road truck traffic up over 9%; Karat packaging opens new distribution facility in Arizona; and Pirelli opens Mexico training center, hits 50M-tire milestone.
Transportation providers should watch both coasts for increasing spring activity in March.
The Teamsters, which have been mostly winning lately, saw their union kicked out by some workers in Wisconsin.
Fleet telematics provider Motive Technologies filed a lawsuit Thursday alleging Samsara Inc. copied and used its proprietary technology and patents.
Quiet and zero tailpipe emissions battery-electric trucks are gaining popularity across the industry for parts shipment to assembly plants.
Cass freight data for January shows continued weakness, but the month included harsher-than-normal winter weather.
A federal task force wants contract details from truck drivers to help expose and combat predatory lease practices in the trucking industry.
Port director Gene Seroka cited replenishing inventory and consumer spending as drivers of growth.
An administrative law judge ruling against the current system of chassis pools was upheld by the full Federal Maritime Commission.
Investment bank Piper Sandler cut its rating on trucking-focused bank Triumph Financial even as it offered praise for the company’s strategy.
Ryder has a plan in place to reduce its reliance on equipment leasing. Its progress could be seen in its earnings.
Retired rail workers in Mexico created blockades at border crossings in Arizona and Texas on Wednesday, seeking severance pay and benefits from Mexican authorities.
A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.
Houthiville and Mother-in-law Nature are making international logistics a visit to the eyeball surgeon before modern painkiller.
How do you spend $41 billion without buying more ships?
Transportation and manufacturing groups are warning federal regulators against using driver-assist data in developing a rule that could determine a trucking company’s ability to stay in business.
The owner of an Ohio trucking company pleaded guilty to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores.
Texas leads the U.S. for the most traffic bottlenecks for truckers on ATRI’s 2023 Top Truck Bottlenecks list, with 13.
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
New Jersey’s leading insurance trade group says umbrella coverage is likely the way to go for fleets looking to meet the state’s new $1.5 million minimum.
The DOE/EIA benchmark price used for most fuel surcharges is above $4 for the first time since December.
Mexico’s trade with the U.S. rose 2.5% year over year to $798 billion in 2023, boosted by exports of fuel and imports of passenger cars.
Small and large trucking companies will see benefits restored if the Senate advances a new tax package.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
Reaction to RXO’s fourth-quarter earnings has been decidedly negative, and the first quarter started off weak.
As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.
This week in Borderlands: Zerio focused on technologizing global supply chain security compliance; Port Houston welcomes new Latin America shipping container service; Tesla auto parts supplier expanding Texas logistics operation; and Korean EV parts maker opens factory in Mexico.
The current level of deterioration is historically fast, meaning the truckload market has the increasing potential to flip to a much tighter environment without much notice.
The early stages of this recovery are characterized by a rebalancing market, a return to normalcy after a four-year roller coaster of volatility.
Delays from the customs system on Mexico’s side of the border disrupted cargo truck traffic for several days in California and Texas.
Positive developments in the hydrogen space glossed over some tough underlying issues like sky-high hydrogen prices.
Today, peak seasons and traditional consumer habits are something entirely different than they once were. The CEO of DHL Global Forwarding Americas gives insight on how DHL is handling it and what shippers should do.
RXO’s fourth quarter was slightly better than the third, but overall, the 3PL had its challenges last year.
A North Texas snack producer and a Forth Worth supply chain services provider announced 329 layoffs in the Lone Star State.
Hopes for a significant rebound in Panama Canal water levels to boost throughput will likely be met with a harsh reality over the next few months.
Two of Lufthansa Cargo’s smaller freighters are out of service because of maintenance and supply chain challenges.
The nation’s top truck safety regulator wants towing companies that overcharge truckers to be held accountable by the FTC.
Avocados and beer from Mexico are gaining popularity as staples at Super Bowl Sunday watch parties.
There isn’t much sign of an upturn in Uber Freight’s latest earnings report.
XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.