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News
Why do tender lead times keep climbing
1+ hour, 44+ min ago (332+ words) Chart of the Week: SONAR Tender Lead Time – USA SONAR: STLT.USA That upward drift matters because, historically, ample capacity used to shrink lead times, not stretch them. Before the pandemic, shippers with easy access to trucks didn’t need to…...
Shippers face tighter capacity as trucking rates hold near record highs
13+ hour, 45+ min ago (203+ words) The survey converts monthly carrier responses into a diffusion index, where a reading above 50 signals growth and a reading below 50 signals contraction. A flat, unchanged month registers at exactly 50. The Freight Rate Index fell 9.5 points month-over-month to a seasonally adjusted…...
Banana shipment from Ecuador to Europe concealed $290 million in cocaine
15+ hour, 12+ min ago (126+ words) Why it matters: Criminal organizations continue using legitimate refrigerated produce shipments to move cocaine across international supply chains. The case highlights the importance of cargo inspections and intelligence efforts along major trade lanes connecting South America with Europe. Staged truck…...
CN boosts outlook as volume growth tops expectations
1+ day, 1+ hour ago (528+ words) Canadian National raised its outlook for the remainder of the year as the railway reported higher second-quarter revenue and profits Friday. “With this momentum, we’re raising our guidance, and now expect earnings for the year of mid to high single-digits…...
3PL stocks drop in wake of stunning Texas case against C.H. Robinson
1+ day, 4+ hour ago (973+ words) Investors reacted Friday to the giant nuclear verdict out of a Texas court directed at C.H. Robinson and what it might mean for the brokerage industry with a selloff of 3PL stocks. C.H. Robinson (NASDAQ: CHRW) fell $19, or 9.25%, to $186.50. Two days earlier, it…...
Freight Distress Report: Supply chain providers cut more than 1,200 jobs
1+ day, 10+ hour ago (755+ words) Companies across the freight economy disclosed plans to eliminate at least 1,222 jobs as warehouse operators, delivery providers and manufacturers continued to consolidate facilities and adjust their networks. Amazon, Temco Logistics and Freight Handlers Inc. accounted for most of the layoffs…...
New test program puts nuclear container ships on the horizon
1+ day, 10+ hour ago (412+ words) A stealth project to develop alternative power for cargo shipping just went nuclear. The U.S. Department of Transportation’s Maritime Administration and the Port of Long Beach have signed a Memorandum of Cooperation to develop small modular reactor (SMR) technology to power…...
Marten Transport's Q2: Reefer market on the rise
1+ day, 11+ hour ago (587+ words) Refrigerated carrier Marten Transport noted a significant firming in truckload fundamentals when it reported second-quarter results Thursday after the market closed. A much tighter capacity backdrop is allowing the company to improve its freight selection and raise rates. “The freight…...
New U.S. tariffs target imports from China, Mexico, Canada and 57 other economies
1+ day, 11+ hour ago (568+ words) The Trump administration moved Friday to restore a near-universal tariff floor on U.S. imports, replacing its temporary 10% global tariff with a new Section 301 tariff regime covering 60 economies that account for 99.4% of U.S. imports. The new duties, announced Thursday by the Office of…...
YMX Logistics Reduced a Grocery Distributor’s Yard Fleet by 36% With Its Autonomous Yard Operating System
1+ day, 12+ hour ago (704+ words) When FreightWaves launched the AI Excellence in Supply Chain Awards, the goal was to cut through the noise of an industry where “AI” has become a marketing buzzword slapped on every press release, and instead spotlight the companies that are…...