Four new inbound truck lanes recently opened at Virginia International Gateway, increasing the capacity at the terminal’s gate complex by 30 percent.
Most of the move has no impact on ecommerce or last mile, but one small change could bring some new demand.
About 80 miles of the major east-west interstate highway were closed eastbound with a smaller amount closed westbound.
Netradyne, a startup that uses computer vision to understand and improve driver behavior, has raised $21 million in its Series B funding, led by Microsoft’s venture arm, M12.
Most of the hit is coming from an arbitration award with BNSF. Its conference call with investors is a change in its normal practice.
Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.
Volumes still strong in run-up to tariffs, as retailers ramp up imports.
Gains in rates will moderate in coming quarters, but underlying issues of driver availability will keep market tight.
Norfolk Southern has control over a small connector railroad in the Hampton Roads port area, and CSX says it is using that control to block CSX from launching significant intermodal service there.
It’s a wide range of opinions that are expressed in FMCSA’s call for comments on changes in the HOS rule.
Tri-state Truck Center in Memphis is part of a family-owned dealership chain. The Memphis location has historical significance, as it was built on the site of Martin’s Stadium, home of the Memphis Red Sox Negro League team for decades.
In Today’s Pickup: Michael is headed toward the Gulf, a quote by Hunter Harrison and a not-complimentary look at the job of a truck driver.
The master agreement was ratified with less than 50% of the vote. Now it appears some of the local deals were as well.
High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.
Fatalities in all other types of accidents were down. Crashes involving large trucks were the only one moving the other way.
Differences remain in what is best path for drivers to follow, but all agree that port congestion is a problem that needs fixing.
The rank-and-file rejected the agreement, but the union says it didn’t meet a minimum level to not accept a deal. UPS appears baffled by all of this.
Wolfe Research downgraded several trucking stocks Friday after their analysts revealed concerns over spot rates, according to Seeking Alpha
Intermodal has attracted more freight thanks to tight truck markets, but growth rates will moderate.
