Tag: industry

November 21, 2023

Moderate strengthening of demand since August has buoyed the sagging air cargo market, but the seasonal surge in retail shipments for the holidays appears to be a third the normal level and more industry players are resetting expectations for a […]

October 19, 2023

In this insightful presentation, Malliaros emphasized that decarbonization is no longer the endpoint achieved solely by switching to green fuels; it has become an attitude, a way of life, and a new approach to working that is driving the industry […]

August 23, 2023

Some freight carriers are forecasting a range of modest or moderate market improvements this peak season. Others have projected an upturn could come in 2024. J.B. Hunt’s potential for improvement rests on consumer behavior, and the company has a mixed […]

July 31, 2023

According to fleet executives as well as fleet maintenance managers, the death of the internal combustion engine may prove to be greatly exaggerated in spite of the excitement about electric powertrains. Industry leaders have been working to give the basic […]

January 23, 2023

Rough start to 2023 for dry bulk, tThe softness in the U.S. economy impacts truckload carriers more severely than their LTL brethren because truckload capacity is greater and there are fewer barriers to entry, industry executives said Monday. At the […]

June 24, 2022

Recruiting drivers is becoming more difficult. With the country navigating a weakening economy, companies industry wide are struggling to hire and retain drivers. According to Andrei Zakhareuski, CEO of Driving Tests, rising attrition rates across the industry can and will […]

April 21, 2022

As autonomous trucks gradually move closer to commercialization, Daimler Truck CEO Martin Daum sees this technology delivering a range of benefits for fleet customers and for society at large. During an April 12 briefing with journalists and analysts, Daum said […]

March 17, 2022

On Tuesday, the Biden administration and the U.S. Department of Transportation announced the launch of a new initiative to improve the nation’s supply chain. Called the Freight Logistics Optimization Works (FLOW), the initiative aims to speed up delivery times and […]

January 26, 2022

Shipowners have been warned they will need to relook at fleet deployments plans for the year ahead with the industry braced to shell out far greater sums in bunker costs. Bunker prices, already the highest they’ve been since 2012, are […]

December 16, 2021

The Biden Administration is launching a multifaceted program in partnership with industry that aims to expand recruiting efforts in trucking through various efforts, and elevate the appeal of what one senior administration official described as “well-paying, solid careers.” The Biden-Harris […]

November 11, 2021

On Nov. 5, the U.S. House of Representatives passed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) by a 228-206 vote after passage by the Senate on Aug. 10. In a report published by Georgetown University, trucking jobs are […]

October 18, 2021

The Biden administration is touting a 90-day industry push to help relieve freight gridlock at Southern California ports. Secretary of Transportation Pete Buttigieg acknowledged on Sunday, however, that consumers waiting for Christmas orders won’t see immediate results because improving the […]

September 17, 2021

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd. The […]

February 9, 2021

Companies that violate U.S. supply-chain rules around inundated American ports may be penalized, according to a key maritime regulator in Washington who is pushing the fragmented freight industry to work more closely to address the nation’s unprecedented bottlenecks. Rebecca Dye, […]

December 11, 2020

The Sustainable Shipping Initiative (SSI) is helping chart the course for a maritime industry that is “very slow to change.” SSI released a statement last week saying its updated “Roadmap to a sustainable shipping industry” is a “resource for stakeholders […]

December 3, 2020

Key ocean business stakeholders are joining forces to support Nor-Shipping’s unique Blue Economy Hall as it embarks on a mission to accelerate sustainable change within the ocean space. Marine insurer Gard and international law firm Wikborg Rein have joined as […]

August 5, 2020

Trucking companies are taking steps to expand and reaffirm their commitment to a diversified workforce, and to promote trucking as an inclusive industry. XPO Logistics on July 28 announced that LaQuenta Jacobs assumed the newly created role of chief diversity […]

November 1, 2019

USA Truck posted disappointing earnings when the Van Buren, Ark.-based carrier released its third-quarter financial report Oct. 31. The company’s year-over-year net income fell to a loss of nearly $1.4 million, or a negative 16 cents per share, after reporting […]