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Capacity investment helps Werner ride freight surge
William B. Cassidy, Senior Editor |
"Relentless" investment in equipment, higher driver pay help boost capacity, revenue, profit for Werner.
Truckload
Truck brokers
Hurricanes, rising costs absorbing YRC Worldwide profits
William Cassidy |
YRC Worldwide was hit by two hurricanes and a wave of rising transportation costs in the third quarter, forcing it to lower its projected operating profit for 2017.
LTL
US truckload spot rates dip, but volumes remain strong
William B. Cassidy, Senior Editor |
After climbing for seven straight weeks, US spot truckload rates stalled last week, but remain higher than usual for early October. DAT Solutions expects spot pricing to keep climbing.
Truckload
US freight broker casts doubt on high-tech disruption
William B. Cassidy, Senior Editor |
Technology cannot replace personal relationships, but greater automation can help smooth processes, Echo Global Logistics CEO Waggoner says.
Logistics Technology News
Trucking News
Truck brokers
APL’s Sartini: Differentiated services new carrier battleground
Greg Knowler, Europe Editor |
Offering the right solutions and not the lowest price will be the way carriers can differentiate themselves, believes the APL CEO.
Maritime
Container lines
Freight surge raises revenue, and costs, for J.B. Hunt
William B. Cassidy, Senior Editor |
Higher third-quarter operating costs at J.B. Hunt, especially costs related to drivers and empty trucks, show why US shippers should be concerned about truck and intermodal pricing.
Truckload
Truck brokers
Connie Award to honor XPO Logistics CEO Jacobs
JOC Staff |
Bradley S. Jacobs will receive the 2017 Connie Award in December for 'entrepreneurial spirit,' dedication to an integrated, global supply chain.
Logistics Technology News
US truckload spot market burns 'hot,' fueled by demand
William B. Cassidy, Senior Editor |
The number of loads available per truck shot up from July to August, in advance of typical peak season trends. Truckers are betting on sustained volumes.
Truckload
LTL
With drivers scarce, smaller trucking companies add capacity
William B. Cassidy, Senior Editor |
Shippers will have to dig harder to access new capacity as peak shipping season heats up.
Drayage
Truck brokers
Shipper demand pushes limits of supply chain visibility
William B. Cassidy, Senior Editor |
Rapid fulfillment and replenishment cycles are driving visibility, but shippers need to extend visibility even further.
Logistics Technology News
Maritime
Trucking News
Rail News
Maersk gets green light on Hamburg Süd takeover
Rob Ward, Brazil Special Correspondent |
Brazilian regulators cleared the final hurdle for Maersk Line's $4.3 million acquisition of Hamburg Süd.
Container lines
Cyber attack at TNT cost FedEx $300 million in recent quarter
William B. Cassidy, Senior Editor |
Higher base rates boosted revenue, but a cyber attack and hurricane helped depress profit at FedEx this summer. The transport operator plans across-the-board rate hikes.
Supply chain
Air Cargo
Trucking News
LTL
Consolidation among logistics companies looms
Bruce Barnard, Special Correspondent |
The persistent rumors of takeover and mergers among leading logistics firms in recent months could be about to translate into reality.
Logistics Technology News
Hapag-Lloyd CEO: Supply to match demand in 2018
Turloch Mooney, Senior Editor, Global Ports |
Container shipping’s supply and demand gap is set to converge in 2018.
Container lines
XPO Logistics doubling last-mile footprint
Dustin Braden, Shipper Relationship Manager |
XPO Logistics is putting the last mile first.
Logistics Technology News
Analysts: Carriers profits up but overcapacity slows recovery
Greg Knowler, Europe Editor |
Carrier profitability is broad based and 2017 is shaping up to be a good year, but the imbalance between supply and demand will put the brakes on the improving business.
Container lines
HMM aims for full blockchain adoption by year-end
Dustin Braden, Shipper Relationship Manager |
Blockchain pilot programs have been flourishing this year.
Container lines
Logistics Technology News
Cosco-PIL partnership grows with dual charter deal
Greg Knowler, Europe Editor |
A charter deal between Cosco and PIL will address capacity shortages in certain trades and allow the Chinese carrier to utilize surplus tonnage.
Merger adds US military cargo to Daseke trucking portfolio
William B. Cassidy, Senior Editor |
The Daseke-R&R deal shows that the transportation merger and acquisition market remains hot.
Truckload
Excess capacity forecast to constrain rate hikes for two years
Greg Knowler, Europe Editor |
Carriers will find it tough to levy rate hikes with so much capacity awash in the market, SeaIntel says.
Container lines
US export growth emboldens carriers to pursue higher rates
Bill Mongelluzzo, Senior Editor |
Containerized exports are tied closely to agricultural commodities.
Container lines
Newcomer SM Line closes in on Top 20 carrier ranking
Greg Knowler, Europe Editor |
It has been a remarkable ride for South Korean start-up carrier SM Line, which is about to enter the Top 20 that after just six months of operations.
Container lines
Zim swings to profit on higher demand and rates
Bruce Barnard, Special Correspondent |
Zim Integrated Shipping Services swung to a slim profit in the second quarter from a hefty loss a year ago.
Container lines
ELD enforcement to be 'phased in' through April 2018
William B. Cassidy, Senior Editor |
Roadside inspectors' group provides a detour around a pre-holiday logistical nightmare by delaying out-of-service enforcement for ELDs.
Transport, Trade and Regulation News
Trucking News
LTL
Hamburg shippers tapping barge transport more
JOC Staff |
This “cost-effective” means to transferring containers is used primarily for heavy shipments.
International ports
New capacity tempts industry to ignore Hanjin lessons
Mark Szakonyi, Executive Editor |
The wake-up call to the cost of unsustainably priced freight sent by the demise of Hanjin Shipping may be short-lived.
Container lines
Rotterdam shines, but European rivals keep up the fight
Bruce Barnard, Special Correspondent |
The port of Rotterdam has consolidated its position as Europe's leading container port after several years of sluggish growth.
International ports
Road signs point to trucking price hikes ahead for US shippers
William Cassidy |
Does an atypically "robust" summer for US freight demand signal higher road and rail rates ahead for shippers?
Truckload
LTL
Truck brokers
Rotterdam-Rhine-Alpine rail route shut down, barges delayed
Bruce Barnard, Special Correspondent |
Diversion routes in Germany are also out of service because of engineering work, threatening further delays at Europe’s top container port.
International rail
Intermodal providers
Roadrunner to sell Unitrans as it reconfigures 'portfolio'
William B. Cassidy, Senior Editor |
The $95 million sale of cold-chain specialist Unitrans follows months of consolidation and rebranding at the multimodal transport operator.
LTL
New alliances unevenly impact Hamburg as traffic stalls
Bruce Barnard, Special Correspondent |
The stagnant traffic was also due to the delay in deepening the river Elbe.
International ports
JOC Top 50 LTL Carriers: Small carriers, fast growth
William B. Cassidy |
The fastest-growing LTL carriers in 2016 were far from the largest.
LTL
Maersk drops market share pursuit to focus on profitability
Greg Knowler, Europe Editor |
After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.
Container lines
Maersk Line expects $1B 2017 profit gain despite cyber attack
Greg Knowler, Senior Europe Editor |
Maersk Line had a good second quarter and expects this to continue, and not even a possible $300 million third quarter hit from the cyber attack will derail its full-year profit expectations.
Container lines
For niche carriers, larger players deliver better reliability
Dustin Braden, Shipper Relationship Manager |
Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.
Container lines
TPG Capital to buy Transplace, extending supply-chain reach
William B. Cassidy, Senior Editor |
Private equity firm Transplace management to buy company as shippers increasingly demand not just technology, but also realizing the value of that technology.
Logistics Technology News
Trucking News
Truck brokers
HHLA revenue, earnings, traffic jump on new alliances
Bruce Barnard, Special Correspondent |
The three Hamburg terminals posted an 11.8 percent increase in traffic to 3.4 million TEU.
Marine terminals
Maersk: Consolidation could reduce major carriers to handful
Bruce Barnard, Special Correspondent |
The number of top global carriers has fallen since 2014.
Container lines
Volume gains help Yang Ming and HMM tackle debt burden
Greg Knowler, Senior Editor Europe |
Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
Container lines
YRC shakes up network for faster service
William B. Cassidy, Senior Editor |
Shippers want faster door-to-door service from less-than-truckload carriers.
LTL
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