Logistics

The impact on container shipping lines from the coronavirus pandemic could total about 17 million twenty-foot equivalent units (TEUs), according to Lars Jensen, CEO of Copenhagen-based SeaIntelligence Consulting. That amounts to about 10% of global volumes in a normal world, Jensen told wealth...

April National Contract (VNU) trades at $1.375 per mile The Trucking Freight Futures markets rallied across the board on Tuesday as tight spot freight capacity (VOTRI.USA) exerted upward pressure on rates. The spot National contract (FUT.VNU202003) ended the day $0.024, or 1.8%, higher to $1.364/...

Zach Strickland discusses tightening capacity in the South before narrowing in on the Lakeland, Florida, market in the Carrier Update presented by PowerFleet, then Mike Baudendistel and Anthony Smith discuss how falling imports are disrupting surface transportation in the Rail and Intermodal Update...

An employee at the Chicago headquarters of Echo Global Logistics tested positive for the coronavirus, company officials confirmed to FreightWaves on Wednesday. Company officials said they are working with the Illinois Department of Health to follow appropriate guidelines and procedures. "The...

Lily Shen's first week as the new chief executive officer at Transfix started off as fast-paced as any in the company's history. Shen had to manage an immediate transition of the company's operations and engineering team from the office to working from home, while at the same time taking the pulse...

Trucking's most powerful lobbying group is asking the Trump administration to help balance federal, state and local government restrictions with the needs of truck drivers and carriers as the industry grapples with the effects of the coronavirus crisis. In a letter addressed to President Donald...

Kansas City Southern (NYSE: KSU) might update its operating ratio targets and its anticipated revenue margin for 2020 next month, but any modifications will largely depend on how the U.S. responds to the coronavirus pandemic, executives said Tuesday at an investor conference. "We're going to need...

South Carolina ports were practicing social distancing before it became a directive from the federal government. "Our environment here on the port is actually pretty well set up for social distancing, if you think about it. Most of our operators are in machines or in cranes. They're really sort of...

Trucking companies hauling freight that moves under federal government contracts should check to see what relief is available to them if they experience delays and disruptions caused by the coronavirus outbreak. The first step, according to Amy Conant Hoang, a government contract specialist with...

On today's update, our market experts guide you through the coronavirus' impact on trucking, demand, consumer spending, and more. In addition, we'll catch you up on today's top stories. This is a live interactive event, viewers are encouraged to comment and call-in during broadcasts every Tuesday...

A federal jury in Salt Lake City on Monday convicted a Los Angeles businessman on criminal charges related to a $1 billion renewable fuel tax credit fraud scam, according to the U.S. Justice Department. Lev Aslan Dermen, also known as Levon Termendzhyan, was found guilty on multiple charges of...

The investor spotlight has turned toward owners of very large crude carriers (VLCCs), tankers that carry 2 million barrels of crude oil. VLCC spot deals out of the Middle East Gulf have topped $300,000 per day — in one case exceeding $350,000 per day. The bullish case is that demand for transport...

Zach Strickland talks about changes in length of haul as volumes continue to rise, Donny Gilbert breaks down several reefer markets for brokers, and Andrew Cox predicts reefer spot rates will increase as people are buying more groceries. Image Sourced from Pixabay

Freight Futures contract to watch today:National and Regional Averages The Trucking Freight Futures markets finished Monday unchanged to mixed, pointing to continued tightening of spot market capacity as a result of the coronavirus pandemic. The spot National contract (FUT.VNU202003) ended...

Valued at nearly $800 billion, the U.S. trucking industry is a massive market involving millions of stakeholders, including owner-operators, fleets and brokers. Albeit a vast economy, the trucking industry is highly fragmented, with over 90% of all the fleets being owner-operated and about 5% of...