Freight
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Union Pacific expects a normal peak season despite slow first half
UP's revenue decline was in line with CSX's reporting earlier this week. Analysts are still attempting to sniff out the source of "softness" in rail demand.
By Emma Cosgrove • July 19, 2019 -
Freight-on-demand apps challenge traditional brokers — but can they solve trucking capacity?
Startups say capacity issues lie in a lack of innovation, while traditional brokers argue digital freight apps simply match to the same pool of drivers.
By Gary Wollenhaupt • July 18, 2019 -
Owner-operators average higher income than company truck drivers
The autonomy to choose routes and loads often results in higher pay but also comes with the risks of business investment, according to new analysis from digital freight broker Convoy.
By Matt Leonard • July 17, 2019 -
SponsoredDoes your transportation provider prioritize safety?
The transportation provider you trust with your freight should support your safety efforts.
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CSX lowers revenue projections due to 'puzzling' economy
The railroad originally projected revenue to be up 1-2% for the year but has now adjusted those predictions, expecting revenues to be down 1-2%.
By Emma Cosgrove • July 17, 2019 -
A top-10 brokerage firm enters the digital freight fray
GlobalTranz's launch of a digital freight matching platform is the culmination of years of data collection and fits with longstanding service goals, said the brokerage's CTO.
By Emma Cosgrove • July 16, 2019 -
Trucking data shows signs of recession
ACT research showed two quarters of negative sector growth, DAT reported a significant decline in year-over-year spot and load market rates and the Cass Freight Index for May 2019 said declining freight shipment levels point to a possible "economic contraction" in the coming year.
By Morgan Forde • July 15, 2019 -
Deep DiveThe Panama Canal is thirsty. That's a problem for ocean carriers.
With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargo ships can carry.
By Matt Leonard • July 15, 2019 -
CMA CGM, Hapag-Lloyd, Cosco formally sign on to GSBN blockchain platform
With two of the top 10 carriers signed on to both the Global Shipping Business Network and TradeLens platforms, a "winner" may not emerge.
By Shefali Kapadia • July 15, 2019 -
Barry moves north as freight services resume
As the Gulf Coast moves into damage assessment mode and freight movement resumes, Louisiana Governor John Bel Edwards told reporters the storm "could have played out very differently."
By Emma Cosgrove • July 15, 2019 -
Port of LA Harbor Commission stands by initial vote to approve Maersk terminal automation
The vote came after the Los Angeles City Council vetoed the board's previous decision to allow APM Terminals to use automated cargo handlers.
By Morgan Forde • July 12, 2019 -
Port of New Orleans closes to traffic as Tropical Storm Barry moves in
The port is closed to incoming traffic and cargo-loading at most terminals has ceased. The storm is expected to make landfall early Saturday morning.
By Emma Cosgrove • UPDATED: July 12, 2019 at 10:11 a.m. -
Report: 'Insider threat' emerges as new risk in cargo theft
88% of insider acts involved permanent staff, with the primary motivation being financial gain, according to BSI and TT Club.
By Shefali Kapadia • July 11, 2019 -
UP intermodal customers subject to new fees for no-shows
The new fees demonstrate the trade-off for shippers that comes with more exact and efficient rail service — trucks need to show up when they say they will.
By Emma Cosgrove • July 10, 2019 -
With rail volumes as a guide, economic outlook sours
Railroad volumes have been shakier in 2019 than 2018 after a tumultuous winter plagued by flooding in the Midwest and trade uncertainty as tariff threats come and go.
By Emma Cosgrove • July 08, 2019 -
Hapag-Lloyd to add 13K new reefers to its fleet
The new order brings the carrier's reefer capacity to 210,000 TEUs at a time when consumer demand has driven the need for more cold transport.
By Morgan Forde • July 08, 2019 -
Magnitude 7.1 earthquake closes roads in Southern California
Roads around the epicenter in Ridgecrest, California, reopened Saturday afternoon with temporary repairs, but more aftershocks are expected this week.
By Emma Cosgrove • July 08, 2019 -
Trucking demand, spot rates fall year-over-year in June
The sinking demand could be an important indicator of upcoming economic trends.
By Matt Leonard • July 08, 2019 -
Distributor Performance Food Group to acquire Reinhart Foodservice for $2B
PFG plans to keep Reinhart's 26 distribution centers open, expanding capacity and shortening trucking routes.
By Morgan Forde • July 02, 2019 -
$16.5M settlement in XPO misclassification suit gets preliminary approval
A federal judge approved the agreement last week. Payout amounts for 847 plaintiffs will be based on their time working with XPO.
By Matt Leonard • July 02, 2019 -
Hapag-Lloyd, ONE sign on to Maersk blockchain platform TradeLens
The platform now claims 60% of global shipping volume, dismissing concerns that arose when nine major ocean carriers and terminal operators agreed to develop a rival blockchain solution.
By Emma Cosgrove • July 02, 2019 -
Report: US could lose over 1.5M jobs to automation by 2030
A report from Oxford Economics estimates robotics and automation will hit manufacturing, logistics, maritime shipping and port operations the hardest over the next decade.
By Morgan Forde • July 01, 2019 -
Port of LA sued after canceling container hub agreement
The contract was reportedly aborted after the Harbor Performance Enhancement Center was unable to gain support from the local union.
By Matt Leonard • July 01, 2019 -
Deep DiveWhat's next for logistics M&A?
DSV's friendly takeover of Panalpina and CMA CGM's offer for CEVA left many analysts wondering if this is the beginning of another wave of consolidation in logistics and transportation.
By Shefali Kapadia • July 01, 2019 -
HMM to join THE Alliance
The addition of HMM increases THE Alliance's total TEUs by roughly 11% but does not significantly change the ranking of the major ocean shipping alliances.
By Emma Cosgrove • July 01, 2019
