A brief look at what goes into getting turkeys on the tables in time for Thanksgiving; the newest freight alley in Texas; changes at the Port of Virginia; and a national holiday history.
Before getting into what’s happening in CPG supply chains, here’s something for your calendar: I host the next quarterly The Stockout webinar on Dec. 6 at 2 p.m. ET. Here’s the link to register. Last quarter, there was a great turnout, and the discussion was enhanced by the many participants who asked thoughtful and pertinent […]
Before getting into what’s happening in CPG supply chains, here’s something for your calendar: I host the next quarterly The Stockout webinar on Dec. 6 at 2 p.m. ET. Here’s the link to register. Last quarter, there was a great turnout, and the discussion was enhanced by the many participants who asked thoughtful and pertinent […]
TLDR: Unpacking climate provisions in the Infrastructure Investment & Jobs Act and uncovering who will be using the planned 500,000 chargers nationwide. $1.2 trillion IIJA lotta money It’s understandable if many of you are bullish carbon nerds like myself and spent the past two weeks with eyes peeled for updates from climate negotiations at COP26 in […]
Convoy’s #NoEmptyMiles campaign hits new heights; the importance of verifying equipment type; a halt to the impending fees at LA and Long Beach ports; and one more acquisition.
Private trucking fleets expand amid soaring spot rates According to a recent National Private Truck Council Report, private fleets continue to expand due to high spot market rates and dwindling capacity in the market. Less capacity equals less service, and service metrics remain a big driver for in-house transportation. For large common carriers (they haul […]
Oatly (Swedish oat milk company) shares continue to struggle. Oatly’s American depository receipts declined 21% Monday and closed at $9.36, down 45% from the $17 IPO price. Investors’ primary concern centered around a slowing revenue growth rate; the company now expects revenue this year to be “more than $635 million,” which is 8% below the […]
Onboarding accounts should be a bigger thing than it is; airports used as container storage yards; airfreight is now an affordable option; and a few more quarterly earnings dissected.
F3 Virtual Experience trucking roundup Last week FreightWaves hosted the F3 Virtual Experience, which involved industry leaders discussing topics related to the future of freight, key factors impacting markets, industry trends and venture capital investments. Key topics included autonomous and electric vehicles, FreightTech and a demonstration of the new SONAR feature, the Trusted Rate Assessment […]
TLDR: Summary of this week’s Transport Day announcements from the U.N. Climate Summit in Glasgow, Scotland (shipping, aviation and ZEVs, oh my!), and a nice, long list of all the acronyms in this article: COP. NDCs. GHG. LNG. CO2. WMBC. COP again. WEF. SAF. FAA. ICAO. ZEV. BNEF. USDA. NZC (probably the most important of the […]
Truck Talk brings perspective, context and commentary to the trucking industry ecosystem.
Beyond Meat sell-off further ignites debate about demand for plant-based protein. From my perspective, Beyond Meat’s earnings and the fallout have been the most interesting CPG-related news this week. The recent returns for shareholders have been ugly — down 20% in the past week and down 35% year-to-date. Since the company had already preannounced its […]
Infrastructure bill and trucking impact On Nov. 5, the U.S. House of Representatives passed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) by a 228-206 vote after passage by the Senate on Aug. 10. In a report published by Georgetown University, trucking jobs are estimated to account for 20% of the infrastructure plan, with […]
SONAR launches TRAC, approaching some policy-bending issues and airfreight earnings.
TreeHouse Foods, a major manufacturer of private-label food products, announced that its board is exploring strategic alternatives. Potential strategic actions include a possible sale of the company or the divestment of a significant portion of its less-profitable meal prep business in order to focus on its higher-growth snacking and beverages business. This announcement Monday came […]
FMCSA new authority approval at record high from spot rates and tight capacity The Federal Motor Carrier Safety Administration is setting records. New motor carrier authority approvals are at an all-time high — around 10,000 each month. As of September, around 82,000 approvals for authority had been granted in 2021, compared with 59,500 for the […]
Continuous moves might be way underutilized; oil prices aren’t helping on the spot rate market; and the Santa 18 Act could do a lot for youths interested in trucking.
TLDR: A big international climate treaty meeting in Scotland (blah, blah, blah), 72 recipients of the latest EPA Green Freight awards, and the difficult task of choosing between steak and ice cream. COP26Climate pundits, activists, and investors all around the world have watched this week as climate negotiations kicked off in Glasgow, Scotland at COP26. Thousands […]
Truck Talk is a weekly newsletter offering perspective, context and insight into issues in the commercial truck ecosystem.
Kellogg Co. manages to reaffirm earnings guidance despite both industrywide and company-specific challenges. I find it impressive that the company was able to retain its guidance for both operating profit and earnings despite the acceleration in inflation during the third quarter and the ongoing strike in its flagship North American cereal business. Although, some would […]
