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Explore the world of ground transport news - from trucks to railroads, intermodal connections, and port ties. Daily insights on US and global shipments.
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News & Analysis
Teamsters Claim Most Port Drivers Are Misclassified
Joseph Bonney, Senior Editor |
The Teamsters union and its allies say they’ve been scoring a series of recent victories in cases claiming port owner-operator drivers are misclassified as independent contractors instead of employees.
Trucking labor
Drayage
North American ports
BB&T Predicts 'Tug of War' Over Trucking Rates
William B. Cassidy, Senior Editor |
Shippers aren't convinced 2014 will bring a truckload “capacity crunch" and don't expect rates to rise that much. Carriers have a different view, based on increasing freight demand and rising costs.
Truckload
Truck brokers
YRC’s Welch: ‘It’s About the Customer, Execution’
William B. Cassidy, Senior Editor |
With a refinancing deal and Teamsters contract that give YRC Worldwide a five-year reprieve, CEO James Welch will focus all efforts at improving “execution” at troubled YRC Freight and on serving shippers better.
LTL
US Domestic Intermodal Rate Rises Could Be Hitting Faster Stride
Mark Szakonyi, Executive Editor |
U.S. domestic intermodal rate growth this year is expected to still be moderate, but some indicators suggest pricing has ramped up in recent months, largely because shippers are seeing tighter truck capacity or plan to struggle with securing over-the-road space.
Intermodal providers
YRC Worldwide Seals $1.1 Billion Refinancing Deal
William B. Cassidy, Senior Editor |
YRC Worldwide, the second largest LTL trucker, has five more years to recover from more than $3 billion in losses thanks to a $1.1 billion refinancing package and a decade of Teamsters concessions.
LTL
C.R. England Partners With Shell, Adds LNG Trucks
William B. Cassidy, Senior Editor |
Truckload carrier C.R. England is putting more LNG trucks on the road in Southern California, as abundant natural gas builds interest in the alternative fuel.
Truckload
US Shippers Expect Freight Growth to Outpace Economy
Mark Szakonyi, Executive Editor |
U.S. shippers on average expect that for the first time in roughly two years freight growth in 2014 will steadily outpace the expansion of the general economy,
Transport, Trade and Regulation News
Air Cargo
Trucking News
Rail News
Truckload, Intermodal Rates Moving Up, Cass Reports
William B. Cassidy, Senior Editor |
Truckload rates rose 2.9 percent in January, with intermodal rates climbing 1.7 percent year-over-year, Cass Information Systems said.
Truckload
Winter Storms Push DAT Spot Truck Rates Higher
William B. Cassidy, Senior Editor |
The average spot market rate for a dry-van tractor-trailer hit $1.97 per mile in the first week of February, as shippers struggled with freight backlogs caused by severe winter storms.
LTL
Averitt Express Expands Temp-Controlled LTL Business
William B. Cassidy, Senior Editor |
Using pallet-sized, battery-powered, temperature-controlled containers, Averitt Express is changing its refrigerated less-than-truckload delivery model.
LTL
Cool Cargo News
Growing Economy to Test Shippers, Penske Warns
William B. Cassidy, Senior Editor |
Shippers must be more proactive to mitigate rate increases, meet truck capacity and supply chain challenges in 2014, says Andy Moses, senior vice president of global products at Penske Logistics.
Truck brokers
Dagnese Named President of Con-way Truckload
JOC Staff |
Con-way has named Joseph M. Dagnese as president of its truckload subsidiary, Con-way Truckload.
Truckload
DB Schenker Launches Asia Trucking Service
Bruce Barnard, Special Correspondent |
DB Schenker, the global logistics group, announced the launch of a pan-Asian trucking service to compete with slower sea transport and more costly air freight.
Trucking News
Storms Reveal Costly Supply Chain Faults, 3PL Warns
William B. Cassidy, Senior Editor |
Shippers must work with their partners to fix supply chain faults revealed by winter storms, or face more near-term rate hikes and equipment shortages, a logistics executive warns.
Truckload
Profitable ODFL to Spend, Expand in 2014
William B. Cassidy, Senior Editor |
With a 22 percent leap in profit in 2013, Old Dominion Freight Line will continue its long-term expansion, building out its network to handle increased volumes of freight in 2014.
LTL
Logistics Sector to Lift Demand for Heavy-Duty Trucks in China
JOC Staff |
Rising demand from the logistics sector will boost sales of heavy-duty trucks in China and demand for imported components, according to the latest report from Macquarie Equities Research.
Truckload
Roadrunner Transportation Posts Double-Digit Profit Gain
JOC Staff |
Roadrunner Transportation Services extended its streak of rapid profit growth for the 14th consecutive quarter in the fourth quarter of 2013.
LTL
Winter’s Fierce Bite to Cost Economy More than $3 Billion
William B. Cassidy, Senior Editor |
The frigid winds of January, which brought snow, ice and unusually cold temperatures to a large swathe of the United States, could have a longer lasting chilling effect on the economy and overshadow the first quarter.
Transport, Trade and Regulation News
Rail News
Drayage
LTL
North American Railroads: Ripe for Consolidation?
Mark Szakonyi, Executive Editor |
Canadian Pacific Railway CEO and Director E. Hunter Harrison told investors last week that he expects rail consolidation among the largest North American railroads within six years, but the scenario he laid out was far bolder than what’s been swirling around the industry for years.
North-American rail
CN Strike Threat Averted
Mark Szakonyi, Executive Editor |
Canadian National Railway and a union representing about 3,000 conductors, train and railyard workers at the railroad reached a new tentative labor agreement last night, averting a strike threatened to begin Feb. 8.
North-American rail
Profit, Revenue Rise at India’s Gateway Distriparks
JOC Staff |
Gateway Distriparks Ltd., India’s leading port-based logistics provider, reported its consolidated net income in the third quarter of fiscal year 2013-14 was $5.1 million, up 13 percent from $4.5 million in the same period in 2012.
Intermodal providers
Truck Shipments to Pick Up Pace in 2014, Says ATA’s Costello
William B. Cassidy, Senior Editor |
Truck shipments, which have grown much more slowly than tonnage in recent years, should pick up in 2014, rising 2.3 and 2.7 percent, according to ATA's chief economist.
Transport, Trade and Regulation News
LTL
CN Faces Strike Threat Amid Harsh Winter, Bumper Harvest
Mark Szakonyi, Executive Editor |
A union representing about 3,000 conductors, train and railyard workers at Canadian National Railway gave the railroad a 72-hour strike notice yesterday evening.
North-American rail
Severe Weather Chills Manufacturing, Slows Deliveries
William B. Cassidy, Senior Editor |
Widespread severe winter storms and colder than typical weather are slowing deliveries and cutting into manufacturing activity — but a thaw is coming, eventually.
Transport, Trade and Regulation News
Trucking News
North American ports
Saia Boosts Revenue and Profit, Sees Rising Demand
William B. Cassidy, Senior Editor |
Less-than-truckload carrier Saia rolls into 2014 with stronger revenue and profit, thanks to shipping demand that continued to increase in January, despite disruptions caused by winter storms.
LTL
Profitable ABF Prepares for Stronger Shipping Demand
William B. Cassidy, Senior Editor |
ABF Freight System, the less-than-truckload subsidiary of Arkansas Best, returned to profitability in 2013 and expects, with sister company Panther Expedited, to meet stronger demand in 2014.
LTL
STB to “Explore” Competitive Switching Issues in March
Mark Szakonyi, Executive Editor |
WASHINGTON — The types of questions posed by Surface Transportation Board commissioners to railroads and shippers in late March could give some indication on how the trio, particularly its newest addition, views a controversial competitive switching proposal.
Transport, Trade and Regulation News
North-American rail
YRC to Pay Down $300 Million in Debt Ahead of Deadline
William B. Cassidy, Senior Editor |
YRC Worldwide will get an additional two weeks to pay or refinance $69.4 million in long-term debt as it closes a $300 million debt-for-equity swap.
LTL
Celadon’s Profit Slumps More Than 30 Percent
JOC Staff |
Celadon Group reported its net income in the second quarter of fiscal year 2014, ending June 30, 2014, was $5.1 million, plummeting 30.5 percent year-over-year from $7.4 million...
Truckload
Shipper Warns Against Truck ‘Capacity Complacency’
William B. Cassidy, Senior Editor |
Shippers that were complacent about reports of tightening truck capacity in 2013 could be in for a shock this year, especially if weaknesses in transportation networks exposed by this winter’s severe storms are taken as a warning sign.
LTL
Truck brokers
DCLI to Put Radials on 20,000 Chassis
JOC Staff |
Direct ChassisLink is launching a program to replace bias-ply tires with radial tires on more than 20,000 chassis and plans eventually to convert its entire fleet to radials.
Truckload
Knight Transportation’s 4Q Earnings Top Expectations
JOC Staff |
Knight Transportation reported net income in the fourth quarter of 2013 was $20.1 million, improving 13.6 percent year-over-year from $17.7 million...
Truckload
Intermodal Pays Off for Canadian National Railway
Mark Szakonyi, Executive Editor |
CALGARY, Alberta — Canadian National Railway’s $220 million investment in its Calgary area logistics park, which opened a year ago, is a case study in how intermodal is paying off for Canada’s largest railroad.
North-American rail
UPS Plans to Avoid Another Christmas Crunch in 2014
William B. Cassidy, Senior Editor |
Embarrassed by late deliveries that lowered profits this holiday season, UPS lays out its strategy for improved forecasting, collaboration with shippers and package delivery at the next holiday peak.
Logistics Technology News
Air Cargo
Trucking News
Transloading Hits Record at LA-LB in 2013, But Future Growth Uncertain
Bill Mongelluzzo, Senior Editor |
The transloading of imported cargo from marine containers to domestic containers in Southern California increased sharply in 2013, but new data suggests transloading has hit a plateau and future growth will be incremental.
Intermodal providers
Forwarding
Volume, Pricing Gains Boost UPS Freight
William B. Cassidy, Senior Editor |
Less-than-truckload carrier UPS Freight increased revenue 5.3 percent in 2013 and 2.3 percent in the fourth quarter, thanks to volume and price gains.
LTL
CP’s Harrison Expects Rail Consolidation Within Six Years
Mark Szakonyi, Executive Editor |
Canadian Pacific Railway CEO and Director E. Hunter Harrison doesn’t think the Class I industry will go another five to six year without some consolidation.
North-American rail
YRC, Lenders Work on Refinancing Plan
William B. Cassidy, Senior Editor |
YRC Worldwide is racing to clear the last hurdles to securing $1.15 billion in refinancing before a February debt deadline.
LTL
Canadian Pacific Looks to Domestic Intermodal for Growth
Mark Szakonyi, Executive Editor |
Canadian Pacific Railway is targeting domestic intermodal as one of the two biggest drivers of growth for the company in the coming years. The railroad said it has already gained market share though new services.
North-American rail
Swift Transportation Profit Plummets But Exceeds Lowered Expectations
JOC Staff |
Swift Transportation reported its net income in the fourth quarter of 2013 plummeted 17.2 percent year-over-year to $45.3 million...
Truckload
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