transportation

Daseke Inc (NASDAQ: DSKE), the largest flatbed, specialized transportation and logistics solutions company in North America, has joined the Blockchain in Transport Alliance (BiTA), an industry group working to develop standards and promote the effective use of the emerging technology....

In less than a year, the shipping industry faces one of its biggest changes since the requirement that all tankers be double hulled back in the ‘90s. The International Maritime Organization's mandate that all ships burn fuel with no more than 0.5% sulfur, down from the current 3.5% global...

In the early 1990s Brent Vanderpol used to be able to drive from his house in Clark County, Washington to northwest Portland – a distance of about 15 miles – in 30 minutes.   "Now it could easily take an hour and a half," said Vanderpol, president of Peninsula Truck Lines...

FREIGHTWAVES' SONAR CHART OF THE WEEK (Jan 20 -Jan 26, 2019)  Chart of the Week: TAC Air Cargo Index Price per kg to ship from Hong Kong to North America and DAT Dry Van Freight Rate Index (SONAR:AIRUSD.HKGNOA, DATVF.LAXDAL) The air cargo rate from Hong Kong to North America moves in...

U.S. Xpress Enterprises is selling its interest in its Mexican cross-border operation, but the company is not abandoning the Mexican market, says its CEO. Saying the US Xpress Enterprises Inc (NYSE: USX) is not leaving the Mexican market, CEO Eric Fuller told FreightWaves the decision to sell...

Kansas City Southern (NYSE: KSU) is going down the precision railroading track. In announcing its fourth quarter 2018 earnings, KCS President and CEO Patrick Ottensmeyer said the company in 2018 "did not meet our own expectations for financial or operations performance." He added that KCS...

Last year was one of the strongest years for transportation and logistics companies. E-commerce continued to gain market share and increase demand for parcel shippers; tariff uncertainty and freight pull-forward put a premium on warehousing space and services; steamship lines achieved something...

US Xpress Enterprises, Inc. (NYSE: USX) today announced its plan to exit its U.S.-Mexico cross border investment as part of its ongoing capital allocation and profit improvement initiatives. According to reports, when fully implemented, the plan is expected to reduce current and planned...

This April, the Freight Alley Haul of Fame museum will open in FreightWaves' new corporate headquarters in downtown Chattanooga. The Freight Alley Haul of Fame will include a historical archive of the trucking industry as well as hundreds of die-cast truck models. FreightWaves CEO and founder...

The containership industry largest players are set to get bigger this year thanks to the delivery of new ships. The new ships will primarily add to the supply in the trade lane between Asia and Europe, but North American ocean shipping markets could also see a knock-on effect as other vessels get...

On December 4, 2018, President Trump signed into law a bill re-authorizing the Federal Maritime Commission (FMC). The legislation included some of the biggest revisions to shipping statutes in 35 years, including new protections for U.S.-based maritime operations. But with the partial government...

J.B. Hunt's (NASDAQ: JBHT) performance for the fourth quarter of 2018 should probably be looked at primarily through the lens of its revenue because its bottom line was heavily impacted by charges it took as part of its ongoing dispute with BNSF. Net income for the company was $88.7 million...

Well, here we go again! Another doozy of a winter storm is on track to cause major traffic and supply chain disruptions this weekend. The storm will hit some of the same areas of the Midwest and Northeast freight regions that got snowed in and frozen over last weekend, but several big cities that...

Knight-Swift (NYSE: KNX) surprised investors Thursday with the disclosure that its fourth quarter 2018 earnings – to be released January 29 – were going to be much better than expected. On a day when stocks overall were trading mostly neutral, that news helped propel several other...