More American Shipper Headlines

American Shipper
As oil tumbles, marine fuel gets cheaper — and so do tanker stocks
Maritime
Company Earnings
Strong headwinds in air, ocean markets lead to big drops at Expeditors
The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.

American Shipper
Gulf Coast ports show mixed cargo results in March
Container News
Maritime
Container shipping warning: Green shoots are ‘transitory illusion’
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
American Shipper Infographics
Infographics
FBX Report: May 02, 2023
The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40′ containers.
Most Popular American Shipper Articles
Air Cargo
Sun Country’s Amazon cargo moves stay steady as rivals fly less
Sun Country is bucking the trend of express carriers flying fewer hours because of slow shipping volumes. Its Amazon fleet is busy as ever.
Viewpoint
Rail data shows reality of current supply chain
The impact of the movement of trade to the East Coast and Gulf ports can no longer be denied in the railroad data.
Air Cargo
UPS downshifts flight activity as volumes deteriorate
UPS is adjusting its air network to minimize wasteful flying while shipping volumes are weak.
Air Cargo
American Airlines’ cargo revenue shrinks 38% in 1st quarter
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
Air Cargo
Gol to increase e-commerce cargo fleet in May
Gol Airlines in Brazil will have five all-cargo aircraft in its fleet by next month operating in a dedicated service for a large online retailer.
Maritime
Tanker shipping stocks sink despite talk of looming rate boom
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
Trade Compliance
News
How has state marijuana legalization affected trucking?
The American Transportation Research Institute is again investigating the safety and other impacts on the trucking industry of state-level marijuana legalization — as well as additional questions the issue raises.

Trade and Compliance
Flexport juices trade finance program with $200M credit line from KKR

Top Stories
FreightWaves SONAR data revealed global recession months before FedEx’s earnings

Global Supply Chain
Flexport taps Amazon pipeline again for operations leader
Infrastructure
Infrastructure
Nikola gets financial partner for 50 hydrogen stations
Electric truck maker Nikola will get 50 Hyla-branded hydrogen fueling stations in a five-year deal with infrastructure developer Voltera.

Infrastructure
4 top-performing state highway systems in Southeast, report finds

Regulatory Agencies
Buttigieg addresses teen drivers, truck parking at Senate hearing
Shipping + Maritime
Maritime
Actionable ocean insights provide pathway to success amid industry evolution
While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.

Maritime
Geopolitics, container shipping rates and an ominous sign from Taiwan
Shipper's Perspective
Shippers Perspective
How should small-package shippers choose delivery partners?
Small-package shippers should consider stepping outside the norm to modernize their logistics strategy by evaluating alternative carriers.

Trucking
Food giants cash in on ‘pet parents’ buying gourmet meals for ‘fur babies’

FreightWaves Classics
FreightWaves Classics: Shipping line brought fresh fruit to the Northeast in the late 1800s
Air Cargo
American Shipper
Hawaiian Airlines to begin Amazon cargo flights in 4th quarter
Hawaiian Airlines faces more turbulent market conditions coming out of the pandemic than nearly any airline. On the bright side is a new charter contract with Amazon that will diversify the business.

Air Cargo
Gary/Chicago airport builds cargo apron with eye toward new tenants
Fuel
Fuel
Key diesel price benchmark falls closer to $4/gallon
The weekly DOE/EIA diesel price benchmark is almost at the sub-$4 mark, where it has not been since February 2022.

Fuel
Diesel benchmark moves higher as broader market still shows signs of weakness
Rail
Viewpoint
Rail reform: How Congress might get a bipartisan win
In the wake of the East Palestine train derailment, Congress is poised to take action to improve rail safety. Here’s how they can do it.
Railroad
3 US Class I railroads must keep giving STB service improvement updates
Union Pacific, BNSF and Norfolk Southern need to go further in improving rail service, according to a Surface Transportation Board decision requiring the railroads to submit service performance reports.
Railroad
Union members at CSX, CN ratify labor agreements
Union members working for CSX and CN said they have ratified labor agreements with their employers.
Railroad
Union organizer to railroads: ‘It doesn’t have to be this way’
FreightWaves discussed with Railroad Workers United organizer Ron Kaminkow what craft union employees need from the railroads to improve morale.
Railroad
Norfolk Southern, SMART-TD reach labor scheduling deal for conductors
Norfolk Southern and SMART-TD, the union group representing train conductors that work at NS, have reached a tentative agreement that addresses scheduling issues and sick leave.
Railroad
California passes rule to drastically cut locomotives’ emissions
The California Air Resources Board has passed a regulation that compels freight and locomotive operators in California to adopt technologies to reduce locomotive emissions and phase out diesel locomotives.
News
Hub Group beats EPS estimate, misses on revenue
Hub Group had year-over-year revenue declines in its intermodal and logistics segments during the first quarter.
Railroad
Federal Railroad Administration urges caution on train lengths
FRA has issued a safety advisory asking freight railroads to be aware of the operational adjustments that must be made when they deploy longer trains.
Railroad
Canadian Pacific Kansas City touts partnerships with Schneider, Knight-Swift
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
Railroad
California could phase out diesel locomotives
The California Air Resources Board is expected to discuss this week a proposed regulation calling for zero-emissions locomotives by 2030 and 2035.
FreightWaves News
News
Werner misses Q1 earnings estimate, sees spot market hitting bottom in Q2
Werner Enterprises reported first quarter revenue of $832.7 million, up 9% year over year compared to the same period last year.

Less than Truckload (LTL)
Yellow posts Q1 loss as it negotiates operational changes, labor deal

Company Earnings
RXO comes in relatively strong in quarter full of weak freight earnings

FreightWaves Classics
Experimental propeller in 1975 breaks midtrip, but crew notices no difference

Viewpoint
Dear Teamsters: Negotiate hard with UPS at the table, not the picket line

WHAT THE TRUCK?!?
NASA’s supersonic Quesst, DAT vs Convoy, Bed Bath & Beyond vs OOCL – WTT

The Future of Logistics
Changing the game: Core business model, plus ecosystem of value

Infographics
Daily Infographic: Truck Parking Club pilots hourly truck parking at Kentucky McDonald’s

Electric Trucks