Index-linked contracts new way to buy trucking capacity
Dozens of household names are already using this new way to book trucking capacity in a way that reflects the larger market.
Dozens of household names are already using this new way to book trucking capacity in a way that reflects the larger market.
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
What’s next for the three-headed beast of AB5 litigation in California? It might be whether the state’s Supreme Court takes up the so-called Olson case.
Texas-run truck inspections at the Mexican border are causing hourslong waits for cargo truckers.
President Joe Biden wants Norfolk Southern and federal agencies to stay involved in recovery efforts in East Palestine, Ohio, where an NS train carrying hazardous materials derailed on Feb. 3.
Estes Express Lines was named the winning stalking horse bidder in Delaware bankruptcy court on Thursday.
Startup software developer Waabi, a late entry to autonomous trucking, has a 10-year deal to haul on the Uber Freight network.
FedEx’s fiscal first-quarter results give efficiency the nod over growth. (Photo: Jim Allen/FreightWaves)
U.S. Transportation Secretary Pete Buttigieg faced partisan attacks over EV policy during a House oversight hearing.
The Teamsters union asked the U.S. Senate to look into Yellow’s bankruptcy proceedings as part of a broader review a judiciary committee is conducting on bankruptcy manipulation.
A federal judge has ordered a Mississippi trucking company and its owner, Xavier Bailey, to pay more than $482,000 after finding Bailey made false statements in order to obtain funds through the U.S. Small Business Administration’s Paycheck Protection Program (PPP).
BNSF has reached a settlement in a lawsuit it lost earlier that threatened it with a payout of $228 million.
Josh Taylor of Shipware shares his expertise on how dynamic pricing will impact the way parcel-delivery services will be bought and sold.
Parcel shipping is a different world today thanks to increasing demand and complex delivery infrastructure.
GAO recommends FMCSA improve its website so that it is more useful for truck drivers seeking remedies for alleged coercion by employers.
The Postal Service is adding 10 million parcels’ worth of processing capacity to its network this peak season.
There’s been a changing of the guard at Coyote Logistics, with a new CEO as Jonathan Sisler looks for “new opportunities.”
Although the U.S. supply chain may no longer be imperiled by the pandemic-era chassis shortage, companies should still act in response to expectations that e-commerce and global trade will only continue to grow, according to the president and CEO of Trac Intermodal.
The key diesel benchmark retail price rose for the week, but diesel futures prices have suddenly posted a big two-day reversal.
The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic.
Monday data from Cass Information Systems showed slight improvement from July to August but the comparisons to 2022 worsened.
Rail union leaders want the industry to examine safety practices involving remote-controlled locomotives following the Sunday death of a railway carman at a CSX rail yard in Ohio.
FreightWaves has unveiled its 2024 FreightTech 100 list, spotlighting tech-forward companies that have best navigated a turbulent year.
Hawaiian Airlines hopes to parlay its advantage operating A330 jets into a larger air transport partnership with Amazon.
This week in Borderlands: Mexico remained the top U.S. trade partner in July and Laredo was the No. 1 gateway; production and exports of Mexican-built trucks slipped in August; Maersk has teamed up with Fabric to open a Dallas e-commerce center; and a cargo checkpoint opens at a Texas border port of entry.
Shipowner Grimaldi says a Jeep Wrangler used to push non-operating automobiles onto the vessel sparked the deadly fire.
A U.S. bankruptcy judge approved several orders Friday, paving the way for Yellow to unload assets and repay creditors.
Two debt rating agencies, Fitch and S&P, rated Forward Air’s newly issued debt from its Omni deal and were mostly positive.
Perhaps the most pressing question for both freight markets and the broader economy is how the consumer will fare in the coming months.
Small fleets can get a voucher twice the standard $120,000 when purchasing an electric truck. And they don’t even have to purchase it.
Amid the historic UAW strike, we’re seeing more militant labor leadership than ever. It’s a sign that the American economy is healthy.
Lisa Celli was excited to start her first day on Jan. 5 as a contractor delivering mail for the U.S. Postal Service in the small unincorporated town in California where she and her husband live. However, less than 24 hours after finishing her first route for Ameritrans Express, she received an alarming email stating the contract delivery company was taking “drastic action.”
A too-cozy relationship between the trucking industry and regulators may be putting lives at risk, crash safety advocates contend.
Orbcomm, a major provider of ELDs, has been hit by a ransomware attack, impacting its key product offering.
The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
Turning grieve into advocacy, mothers Marianne Karth and Lois Durso are pushing for mandatory side underride guards be added to tractor-trailers. On Thursday, they read the names of nearly 750 victims of underride crashes at DOT headquarters in Washington.
Truck drivers are pressed to find safe parking. A patchwork of entrepreneurs seem keen to expand options.
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
Anthony Sutardja, co-founder and CEO of Parade, told FreightWaves the new capital will go toward AI and RFP tools.
Too many freighter aircraft, especially single-aisle passenger conversions, are entering the market and lowering lease rates. But production continues to hum because cargo operators need more aircraft over the long term to support e-commerce growth and replenish aging fleets.
Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.
Complaints about transparency and accuracy of safety data that affects the operations of truck drivers and carriers has caught the attention of federal regulators.
J.B. Hunt provided a slightly more positive outlook at an investor conference on Wednesday.
Lawmakers on both sides of the aisle pressed the American Trucking Associations and tech companies over job and safety concerns associated with driverless trucks.
In what is far from a nuclear verdict, a long-running suit against Knight Transportation in California was settled for $400,000.
A higher range of general rate increases is here to stay, consultants said at the Parcel Forum.
Truckload carrier management teams are becoming more encouraged that freight markets are balancing.
The International Energy Agency’s closely watched monthly report didn’t have much good news in it for oil consumers.
FreightWaves looks at prospects for trucking legislation as lawmakers return to Capitol Hill after the August recess.
GXO Logistics has ceased operations and laid off 378 workers at several locations across the country in recent months.
Union Pacific is asking the Federal Railroad Administration for more details on the safety defects that federal inspectors reportedly found during focused inspections this summer.
The California Senate passed a bill to ban heavy-duty driverless trucks, leaving it to Gov. Gavin Newsom to sign or veto the legislation.
Flexport CEO Ryan Petersen says he has returned to rescue the company after Dave Clark wore out his welcome.
The national average retail price used for most fuel surcharges climbed 4.8 cents a gallon this week, but it’s moving a lot higher on the West Coast.
On the 22nd anniversary of the 9/11 attacks, truck driver Russell Vereen reflects on the 205 days he spent working at a refrigerated trailer morgue at ground zero, ensuring the trailers were fueled and running and storing the remains that medical personnel worked tirelessly to identify.
Brokerage giant C.H. Robinson has opened a 400,000-square-foot cross-dock distribution center in Laredo, Texas.
Truck driver Tim Philmon, along with millions of Americans, marked the 22nd anniversary of the 9/11 attacks on Monday by remembering the nearly 3,000 people who died that day.
Union Pacific plans to respond this week to concerns of Federal Railroad Administration Administrator Amit Bose that the railroad is being cavalier in ensuring its locomotives are safe.
UPS’ main levies are slightly above FedEx’s levels.
Now that supply chains are back to normal, the typical effects of seasonality have returned, bringing U.S. imports up.
This week in Borderlands: Mexico averaged 58 cargo thefts a day in the second quarter; APM Terminals invests $140 million to expand a facility at a Mexico seaport; XPO adds capacity at a Texas facility; and Jaguar Transport Holdings will operate a Dallas transload facility.
Removing future threats to demand, the refrigerated truckload sector supports the thesis that the truckload market has hit a floor.
Nikola asks customers with electric trucks under recall for potential battery fires to return them to its plant.
Rejection rates gathered some promising momentum in the run-up to Labor Day, though these gains are slowly being lost.
UPS will likely match FedEx’s rate moves unless labor cost pressures force its hand.
Less than 2 weeks after representation election, UFCW already charging regional truckload carrier ECM with actions that may be retaliation. (Photo: LFCW)
The timing in promoting its growing patent portfolio could suggest TuSimple is trying to find a buyer for its U.S. business.
UPS’ noncontract rates for 2024 will take effect Dec. 26.
Forward Air’s August tonnage improved from July but likely came in lower than expected.
Amid a contraction of autonomous trucking firms, the founders of self-driving startup Argo AI are launching a driverless trucking startup.
Hurricanes can destroy key infrastructure for freight transportation. Emergency freight can demand thousands of truck drivers.
C.H. Robinson CEO Dave Bozeman focused on process and costs when meeting with analysts at the TD Cowen conference Thursday.
Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.
The prominent former Amazon executive agreed to resign from the CEO role. Flexport founder Ryan Petersen will take back his role.
The partnership offers e2open TMS users seamless access to FlockDirect, a terminal-free shared truckload solution from Flock, enabling real-time quoting and booking.
Convoy’s new system uses machine learning and other tools to identify possible fraud.
Along with a six-year port agreement, President Biden is underscoring the role of UPS Teamsters and ocean shipping reform in boosting the U.S. economy.
Former Amazon executive Dave Clark told FreightWaves that Flexport founder Ryan Petersen wants to redirect Flexport’s mission.
A run of news developments in the diesel world can’t be seen as anything but discouraging for diesel consumers.
This was supposed to be a banner year for crude tankers, but output cuts and the Russian price cap are keeping rates under pressure.
Forward Air defends its latest deal that will position it as a supplier and a competitor to its customers.
Daimler Truck, Paccar and Cummins are forming a joint venture with a Chinese battery maker to onshore battery cell production in the U.S.
Tyson Foods has signed a three-year contract to use Gatik autonomous trucks to move its protein products on the middle mile.
Class 8 truck orders crossed a seasonally adjusted 20,000 units in August for the fourth consecutive month.
SONAR’s Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)
Alaskan trucking fleets are desperate for truck drivers. They make up to $170,000 a year. But the job isn’t easy.
RCG Logistics will immediately be integrated under the Acertus brand.
There’s no perpetual, industry-wide truck driver shortage. The market quickly corrects any shortage of labor.
A more than $36 million verdict was issued against Werner over its failure to hire a deaf driver back in 2018.
Texas’ population and gross domestic product are expanding at a faster rate than California’s.
Tender rejection data in the FreightWaves SONAR data platform shows that the freight market bottomed on May 14. Since then, conditions for carriers have slowly been improving.
This week in Borderlands: Solar panel maker building $1B factory in New Mexico; McMaster-Carr to open $360M distribution center in Fort Worth; Startup Aircon raises $3.3M in seed funding; and Texas-based Ever.Ag acquires logistics platform.
FreightWaves latest SONAR data addition suggests a wave of truckload capacity exits is coming this winter.
Have shipping stocks been a good bet? Here’s a look at their performance year to date and versus pre-COVID.
After a none-too-brief break, the Pricing Power Index is resuming its regular Friday schedule.
Laid-off employees came from support departments including Human Resources, Information Technology (IT) and other ancillary support roles. IT roles affected by the event included business analysts, scrum masters, quality analysts, product managers, and project managers.
Barge rates on the Mississippi in St. Louis, a key port, have risen sharply due to low water levels on the river.
The Department of Labor is investigating Western Global Airlines’ founder for allegedly enriching himself at the expense of employees who bought equity in the company.
An enormous drop in truck transportation jobs in August is likely related to the shutdown of Yellow Corp.
Coyote, a $5.2 billion freight broker, just announced layoffs again. The trucking industry is in a recession.