At this year’s Benesch conference, the panel on mergers and acquisitions focused on survival in a market where most valuations have plummeted.
Cargo airlines and third-party logistics providers are crossing their fingers for a resurgence of air shipments by October. But indications are increasing that the peak season may go out with a whimper.
Wabash and J.B. Hunt Transport have signed a multiyear deal that will supply J.B. Hunt with 15,000 trailers. The size and scope of the pact are significant, as the past two years saw pandemic-related supply chain disruptions throttle up new trailer orders, causing the average age of existing trailers to rise.
FreightWaves founder and CEO Craig Fuller outlines how FreightWaves SONAR pointed to the global freight recession months ago.
“Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices — many of whom rely on imported inputs to manufacture their goods,” IMF researchers wrote.
Biden’s executive order calls on the Justice Department to help regulators monitor pricing practices and anticompetition in the container shipping and rail sectors.
The truckload market is looking very strong this year and freight brokers are riding high.
As Chief Strategy Officer, Engstrom will oversee the proprietary research, market expert, and enterprise engagement efforts of FreightWaves.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
John Larkin, arguably the father of all transport analysts and recently an investment banker, is leaving banking to join a small private equity firm
If UPS sticks to its capex and buyback plans—which exceed projections for free cash flow—the parcel carrier may have to issue more debt.
With the completion of the rights offering, the beleaguered carrier has a completely new capital structure.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
Analyst Bruce Chan at Stifel praises the reorganization at the company that suffered an accounting scandal and sees the base being laid for future growth.
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a significant slowdown.
A port operator taps into funding for new natural gas tractors; birds and the federal shutdown could cause delays in Oklahoma bridge projects; Sears wants to liquidate; and air freight is flat in November
Morgan Stanley likes asset-based carriers while Stifel is bullish on 3PLs, and the banks don’t agree on what the business risks to C.H. Robinson are.
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
Rising driver wages can’t slow driver shortage plus a Boston-based company receives funding for autonomous technology development for cargo vessels and more empty containers are leaving U.S. ports
