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Commentary: Revolutionary Transportation Innovations Moved Humankind Forward
Tuesday, February 18, 2020 - 10:18am | 816NOTE: This article is a summary of a recent five-part series reviewing books about key innovations in transportation. The commentaries extracted lessons that could lead to better innovation in sea freight. The opinions expressed here are solely those of the author and not of FreightWaves or its...
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Atlanta Developer Launches 540-Acre Intermodal Port Near Houston
Thursday, February 13, 2020 - 10:39am | 612Atlanta-based Stonemont Financial Group recently launched phase one of its 540-acre Southwest International Gateway Business Park in El Campo, Texas, around 60 miles southwest of Houston. "We have officially closed on the land and completed all of our designs, and we're in the process of breaking...
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US Class I Railroads Eye Intermodal Lane Opportunities
Thursday, January 30, 2020 - 10:11am | 959With U.S. coal volumes facing a secular decline, U.S. Class I railroads are focused on making their intermodal and merchandise services competitive with the trucking market by revamping their strategy on interline lanes, judging from recent actions by the railroads. On Monday, Union Pacific (NYSE...
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Butler Intermodal Terminal Seeks Midwest Customers
Monday, November 25, 2019 - 2:54pm | 360The newly opened Butler Intermodal Terminal in Shell Rock, Iowa, is seeking customers wanting an alternative to larger Midwest rail hubs and long-haul trucking. Logistics firm Valor Victoria, shortline Iowa Northern Railway, terminal operator Watco and Class I railroad Union Pacific (NYSE: UNP)...
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What The Truck?!: Canadian National Strike, Fake Championship Rings, And Reefer Madness?
Tuesday, November 19, 2019 - 9:54am | 201Today on What The Truck?!? we're talking the Canadian National Railway (NYSE: CNI) strike, UPS Inc. (NYSE: UPS) third party edict, trailers hit a high, fake championship rings, we shred the webinar with Mary Anne, it's reefer madness on Strickland Business, Emily Szink knows what's a big deal and...
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Roadrunner Continues To Restructure, Sells Intermodal Unit To Universal Logistics
Tuesday, November 5, 2019 - 3:04pm | 684Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced the sale of its intermodal unit, Roadrunner Intermodal Services, to Universal Logistics Holdings, Inc. (NASDAQ: ULH) for $51.25 million in cash on November 5. Roadrunner continues to restructure in 2019. The company completed a re-...
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FreightWaves Adds New Maritime, Intermodal, And Rail Data Sets!
Monday, October 28, 2019 - 12:25pm | 911We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep SONAR users informed, we deliver a brief recap of newly released data sets, market indices, and product feature improvements in our This Week in SONAR...
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Intermodal Drayage Companies Must Embrace Technology Or Die
Wednesday, October 23, 2019 - 4:29pm | 653The transportation and logistics industry is in the midst of a technological awakening. Customer expectations are following suit. It is no longer enough to just provide excellent service. Now, companies must provide excellent service alongside speed, transparency and convenience. Multi-billion...
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IMC Adds Pacific Northwest Ports To US Intermodal Reach
Monday, September 16, 2019 - 10:56am | 310IMC Companies added its eighth regional trucking branch with the addition of a new drayage and intermodal provider in the Pacific Northwest, The third-party logistics and intermodal trucking provider said it launched Pacific Drayage Services (PDS) in August, 2019 to provide drayage and warehousing...
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FreightWaves Introduces Daily Intermodal Volumes Providing An Unprecedented View Of The North American Freight Market
Monday, September 9, 2019 - 9:41am | 1431This week's addition of intermodal volume data to our SONAR platform brings us one step closer to having price, volume, and capacity for all modes of transport including air cargo, trucking, inland waterways (barge), ocean and rail. SONAR is truly a multi-modal near-time freight market dashboard,...
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Mnuchin, French Counterpart Hope For Early 2020 International Tax Deal
Wednesday, September 4, 2019 - 5:08pm | 377Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire on Sept. 3 stated a shared commitment for their countries to work constructively on a solution to international taxation at the Organization for Economic Cooperation and Development (OECD) by early 2020, Treasury announced...
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Union Pacific's Intermodal Service Took Hit During Second Quarter
Friday, July 12, 2019 - 9:55am | 952Union Pacific's (NYSE: UNP) intermodal rail service saw average speeds sink to a two-year low in the second quarter, with shippers and intermodal marketing companies reporting extensive delays in getting their freight from the railroad. The service hit came during an overall lull for West Coast...
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Outlook Lowered For Truckload And Intermodal Companies Heading Into Earnings Season
Tuesday, June 18, 2019 - 2:26pm | 901As the second quarter 2019 earnings season approaches, the negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and their outlook for the sector. In a note out to clients on June 18, UBS analyst Tom Wadewitz...
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May U.S. Intermodal Volumes Drop 5.9 Percent
Thursday, June 6, 2019 - 10:12am | 477U.S. intermodal volumes fell 5.9 percent in May, while carloads fell 2.1 percent amid economic uneasiness and uncertainties surrounding U.S. trade between Mexico and China. U.S. railroads originated 1.3 million containers and trailers in May, down 5.9 percent from May 2018, according to the...
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FreightWaves NOW - April 24, 2019
Wednesday, April 24, 2019 - 4:43pm | 69Today on FreightWaves Now, Texas is under a storm siege. Intermodal rates are high even while volumes are slightly low. And a deep dive evaluation of what is happening with fuel? Watch now