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Port of Savannah Ramps Up Container Capacity as Cargo Delays Ease
Tuesday, December 7, 2021 - 10:37am | 1133Read More...Congestion at the Port of Savannah continued to improve last week, and an infusion of 1.6 million shipping units of yard capacity in the next six months should further enhance cargo flow, according to the Georgia Ports Authority. The number of container vessels at anchor off the Atlantic coast...
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Hapag-Lloyd Diverts Vessel to Mexico After COVID Outbreak
Monday, December 6, 2021 - 1:57pm | 320Read More...Container line Hapag-Lloyd said Monday that one of its vessels diverted to Ensenada, Mexico, to evacuate three crew members with COVID-19 to a hospital. The German carrier said the MV Rome Express, a container ship with the capacity to carry 12,552 twenty-foot equivalent units that operate on its...
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DHL Supply Chain Partners with Emerge for Spot Market Offering
Monday, December 6, 2021 - 1:56pm | 801Read More...Global logistics provider DHL Supply Chain announced last week it had integrated with digital freight marketplace Emerge's Spot Marketplace platform to provide its customers with live spot market coverage through its Lead Logistics Provider (LLP) Control Tower and transportation management system...
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Radiant Logistics Adds Global Freight Platform Navegate in $35M Deal
Monday, December 6, 2021 - 1:55pm | 789Read More...Third-party logistics provider Radiant Logistics announced Monday the acquisition of global freight management platform Navegate for $35 million. Headquartered near Minneapolis-St. Paul, Navegate provides digital logistics services internationally and domestically out of offices in Chicago and...
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Revolutionizing Diesel Combustion — Net-Zero Carbon
Monday, December 6, 2021 - 1:53pm | 847Read More...On this episode of Net-Zero Carbon, Tyler Cole, director of carbon intelligence at FreightWaves, chats with Jack Schickler, founder and CEO of Service Professionals Inc. (SPI), about the company's SPIER exhaust reaction system. The system "revolutionizes diesel combustion," Schickler said. It has...
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This Week's Earnings Repertoire
Monday, December 6, 2021 - 1:16pm | 918Read More...Last week ended with the Omicron Covid variant casting a shadow over the joy revolving around the upcoming holidays. This week, Costco (NASDAQ: COST), Stitch Fix (NASDAQ: SFIX), Lululemon Athletica (NASDAQ: LULU), and GameStop Corporation (NYSE: GME) will show how they are weathering global...
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Lender's Transportation Sector Write-Offs Flat, Size of Impaired Loans Down
Monday, December 6, 2021 - 12:40pm | 838Read More...Underlying financials for the thousands of trucking-related borrowers serviced by Canadian bank BMO remain strong, based on the numbers reported in the bank's latest quarterly earnings. BMO (TSO: BMO.TO) is a major lender to the trucking sector, with the size of its clientele believed to be well...
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DoorDash and Instacart Go Head-to-Head on Ultrafast Grocery Delivery
Monday, December 6, 2021 - 12:03pm | 1263Read More...Convenience is getting even more convenient. The rise of third-party food and grocery delivery platforms was already a huge game-changer for many, but those services are only getting faster as companies like GoPuff, Jokr and Gorillas push delivery times closer and closer to instantaneous. We're...
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Where's My Parcel Refund? Don't Hold Your Breath
Monday, December 6, 2021 - 10:31am | 1317Read More...In late March 2020, with the country and much of the economy in lockdown as the coronavirus took hold, FedEx Corp. and UPS Inc. suspended long-standing programs to refund shipping charges for late or missed deliveries guaranteed to arrive at specific times. The carriers explained they could no...
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Daily Infographic: Holiday Shipping Deadlines
Monday, December 6, 2021 - 10:29am | 171Read More...To view more FreightWaves infographics, click here. The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the...
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White House Port Envoy Details Strategy for Supply Chain Fluidity
Monday, December 6, 2021 - 10:28am | 2221Read More...The response to the supply chain crisis at ports was disjointed until the White House got involved, says port envoy John Porcari. In a lengthy interview on the Bloomberg podcast "Odd Lots," the supply chain czar said the Biden administration is acting as an honest broker to get cooperation from...
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Truck Tech: California Electric Dreams Edition
Friday, December 3, 2021 - 12:59pm | 1838Read More...California does its bit for small fleets looking to electrify; Amazon Web Services makes cloud storage for automotive autonomy a thing; and Peterbilt takes immersive reality to the service bay. And yes, we have changed our name. Beginning this week, Truck Talk is now Truck Tech, a title that...
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Einride's Long-Term Sustainability, Near-Term Solution Ideal for EQT Investment
Friday, December 3, 2021 - 12:57pm | 1166Read More...On Nov. 3, Einride officially announced its entry into the U.S. market through a pilot program with GE Appliances in Kentucky. While the company's SAE Level 4 driverless Einride Pod has been running in Europe since 2019, the expansion into the U.S. is part of an aggressive push that company...
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Drilling Deep: Contrast Between Booming LTL Markets and What's Happening On the Ground
Friday, December 3, 2021 - 11:26am | 191Read More...Don Newell and Scooter Sayers are longtime LTL industry experts and consultants. Although the stock prices of LTL companies have been soaring on Wall Street, Newell and Sayers join host John Kingston on Drilling Deep to talk about some underlying fundamental problems in the LTL sector that they...
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Truck Jobs Rose in November Seasonally but Fell Without Adjustment
Friday, December 3, 2021 - 11:23am | 404Read More...Truck transportation jobs went up in November on a seasonally adjusted basis but declined on the less-watched not seasonally adjusted totals. With the overall economy adding just 210,000 jobs, significantly below forecasts, truck transportation jobs performed relatively well in adding 5,100 jobs...
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