The Daily Dash: Lost opportunity for J.B. Hunt

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, congestion played a role in J.B. Hunt Transport Services posting a worse year-over-year intermodal margin growth than expected. Plus, even preparation sometimes isn’t enough to stop a ransomware attack, and business-to-business activity has rebounded well from early 2020.

Lost opportunity

Congestion and gate restrictions from rail partners hampered J.B. Hunt Transport Services’ (NASDAQ: JBHT) Q4...

https://www.freightwaves.com/news/the-daily-dash-lost-opportunity-for-jb-hunt

J.B. Hunt warns intermodal margin target may be reduced

Margin targets up for review in 2021

On J.B. Hunt Transport Services’ (NASDAQ: JBHT) fourth-quarter conference call, management said it would review long-term margin expectations throughout all of the company’s divisions in 2021, including the 11% to 13% target for the intermodal segment.

The Lowell, Arkansas-based company reported earnings per share of $1.44 after the market close on Tuesday, beating the consensus estimate of $1.30 and the year-ago result of $1.35.

Headwinds could alter long-term intermodal margin

target

The amount...

https://www.freightwaves.com/news/jb-hunt-warns-intermodal-margin-target-may-be-reduced

J.B. Hunt first look: Q4 beats expectations

J.B. Hunt's Q4 ahead of forecasts

J.B. Hunt Transport Services (NASDAQ: JBHT) reported fourth-quarter earnings per share of $1.44, ahead of the $1.30 consensus estimate and the year-ago result of $1.35.

Revenue increased 12% year-over-year to $2.74 billion, up 18% excluding fuel surcharges. The press release cited more than 50% growth in its brokerage and truck divisions as the reasons for the increase. Both segments were noted as benefiting from capacity available through digital freight platform Marketplace for J.B. Hunt 360.

Fr...

https://s29755.pcdn.co/news/jb-hunt-first-look-q4-beats-expectations

US-based CIE Manufacturing takes aim at chassis shortage

From sea to shining sea, CIE Manufacturing (CIEM) is gearing up its container chassis production for the North American market. With chassis already rolling off the line at the company’s manufacturing facility in Virginia, and manufacturing of the second wave in California is now underway.

Headquartered in South Gate, California, CIEM is now producing its new North American Pioneer Chassis line on the West Coast, just a 20-minute drive from two of the country’s most congested ports — the Ports...

https://www.freightwaves.com/news/us-based-cie-manufacturing-takes-aim-at-chassis-shortage

Seroka: Port of LA ‘stayed the course’ during difficult 2020

Port of Los Angeles Executive Director Gene Seroka delivered a State of the Port address Thursday that reflected on Americans’ resiliency during the COVID-19 pandemic while looking ahead to economic resurgence.

Seroka said that despite the “unexpected events” of 2020, the port accomplished or significantly advanced all of the priorities he laid out in his address last year. Focus on such priorities as workplace diversity, supply chain optimization, drayage efficiency, zero-emissions equipment...

https://s29755.pcdn.co/news/seroka-port-of-la-stayed-the-course-during-difficult-2020

2020 holiday shopping season dubbed most environmentally friendly yet

A Prologis and MIT study said that 2020 was the most environmentally friendly holiday season yet.

A stay-at-home economy helped 2020 deliver the “most environmentally friendly holiday season yet,” according to a Prologis and MIT special report released Thursday. 

Based on consumer behaviors, in-person shopping was compared to e-commerce to find differences in environmental impacts. The study said that one full standard delivery van can replace over 100 individual car trips to the store.

During the holiday season each year, companies scramble to keep up with peak demands for shipping and...

https://s29755.pcdn.co/news/2020-holiday-shopping-season-dubbed-most-environmentally-friendly-yet

FreightWaves Classics: Trucking companies’ names range from A to Z (Chapter 10)

A Boparai Transport truck hauls freight for one of its customers. (Photo: Jim Allen/FreightWaves)

Deregulation of the U.S. trucking industry began in the late 1970s. Congress passed the Motor Carrier Act of 1980 and it was signed into law by President Carter on July 1, 1980. This ended 45 years of onerous regulation by the federal Interstate Commerce Commission (ICC).

One of the most dramatic changes that occurred due to deregulation was the virtual explosion in the number of trucking firms. From 1980 to 1990, the number of licensed carriers doubled – from fewer than 20,000 to more than...

https://www.freightwaves.com/news/freightwaves-classics-trucking-companies-names-range-from-a-to-z-chapter-10

South Carolina Ports continues riding volume wave

The South Carolina Ports Authority said “impressive volumes” helped it end 2020 with its strongest December on record.

South Carolina Ports handled 209,606 twenty-foot equivalent units (TEUs) at the Wando Welch and North Charleston container terminals in December, a 11.6% year-over-year increase.

Loaded imports were up 14.4% year-over-year and loaded exports increased 8.6%, “highlighting a strong balance for ocean carriers and a thriving Southeast market,” the SCPA said in Monday’s announcement.

So...

https://s29755.pcdn.co/news/south-carolina-ports-continues-riding-volume-wave

FreightWaves Flashback: Nike: Don’t put too many shoes in one basket

FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected]

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...

https://s29755.pcdn.co/news/freightwaves-flashback-nike-dont-put-too-many-shoes-in-one-basket

Career Tracks: Dachser promotes CFO Eling to CEO

Burkhard Eling took the helm as chief executive officer of logistics provider Dachser on New Year’s Day.

Eling also will serve as the executive board spokesman and head corporate strategy, human resources, marketing, corporate key account management and governance and compliance.

He succeeded Bernhard Simon, who will take over as chairman of the supervisory board of the family-owned company in mid-2021. Also moving to the supervisory board is Michael Schilling, the former chief operations officer...

https://s29755.pcdn.co/news/career-tracks-dachser-promotes-cfo-eling-to-ceo

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