JB Hunt

Pam Transportation books operating loss in ‘extremely challenging’ Q1

Truckload carrier Pam Transportation Services announced an operating loss for a second straight period in what it described as an “extremely challenging” first quarter.

Pam (NASDAQ: PTSI) reported net earnings per share of 1 cent compared to 23 cents in the same period a year ago. The result was below a lone analyst’s 7-cent estimate.

Gains generated from equity holdings were $3 million higher year over year (y/y), which produced a 10-cent tailwind to the EPS number. The carrier booked a loss on...

https://www.freightwaves.com/news/pam-transportation-books-operating-loss-in-extremely-challenging-q1

JB Hunt, BNSF and GMXT to launch Mexico-to-Midwest intermodal service

BNSF, J.B. Hunt Transport Services and Grupo Mexico’s Ferromex (GMXT) are launching an intermodal service that they say will slash a day off transit time between Monterrey in Mexico and Chicago and offer opportunities for customers to grow into expanding markets in Mexico.

The service will begin Jan. 1, 2024. Service will be offered between the Monterrey, Silao-Bajio and Pantaco-Mexico City regions and Chicago and the U.S. Midwest via the border gateway at Eagle Pass, Texas. The Dallas-Fort...

https://www.freightwaves.com/news/jb-hunt-bnsf-and-gmxt-to-launch-mexico-to-midwest-intermodal-service

Scheduling Standards Consortium releases API tech standard

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ORLANDO, Fla. — The Scheduling Standards Consortium (SSC) announced Monday that it has accomplished...

https://www.freightwaves.com/news/scheduling-standards-consortium-releases-api-tech-standard

Driving job of tomorrow with J.B. Hunt — Taking the Hire Road

The COVID-19 pandemic created a business environment where many in the logistics industry now work remotely, but truck drivers are still needed outside the home. 

This shift sparked the leadership at J.B. Hunt to include a flexible work schedule for drivers, allowing them a fair and enjoyable work-life balance.

According to Craig Harper, chief sustainability officer and executive vice president of J.B. Hunt, the fourth-largest trucking company in the U.S. attributes its success to focusing on...

https://www.freightwaves.com/news/driving-job-of-tomorrow-with-jb-hunt-taking-the-hire-road

BNSF, Northwest Seaport Alliance partner on Port of Tacoma rail hub

Western U.S. Class I rail carrier BNSF and the Northwest Seaport Alliance (NWSA) are working together to develop a rail hub at the Port of Tacoma that will be known as Tacoma South.

The rail hub will serve the greater Seattle region’s domestic intermodal needs and “unlock capacity” through accommodating more than 50,000 annual container lifts, according to a news release.

“Our collaboration with the NWSA will help support greater warehousing and distribution needs in the fast-growing greater...

https://www.freightwaves.com/news/bnsf-northwest-seaport-alliance-partner-on-port-of-tacoma-rail-hub

Surface Transportation Board receives earful on CP-KCS merger

A red train with the words "Canadian Pacific" on its side travels through a railroad crossing.

The Surface Transportation Board has been receiving testimony on the proposed merger between Canadian Pacific and Kansas City Southern — and it’s been an earful.

Shareholders of CP (NYSE: CP) and KCS approved the $31 billion deal in December and the merger is now before STB for review. CP has said it hopes for STB approval by early 2023.

Below is just a smattering of excerpts from recent testimony provided to the board: 

BNSF: Ensure access to Laredo Gateway and address potential traffic jams in...

https://www.freightwaves.com/news/surface-transportation-board-receives-earful-on-cp-kcs-merger

FreightWaves LIVE: Health and work-life balance in freight — WTT

Dooner and The Dude are back for the second special episode of WHAT THE TRUCK?!? during FreightWaves LIVE @HOME. They host a slate of guests from every corner of the logistics industry and get some good insights from top to bottom. 

First they welcome Melissa Forman, chief strategy officer at TriumphPay, to talk about how integrated payments are growing in scale and popularity. She discusses the upcoming acquisition of HubTran and how the loop payment system will impact the industry. 

Next up is...

https://www.freightwaves.com/news/freightwaves-live-changes-afoot-across-logistics-industry-what-the-truck

NZCS keynote: Transport must double down on intermodal use

Intermodal services need to be the top priority if the transportation industry is to reduce its carbon footprint while maintaining efficient and productive operations, the chief sustainability officer at J.B. Hunt Transportation Services Inc. (NASDAQ:JBHT) said Thursday. 

Keynoting FreightWaves’ Net-Zero Carbon Summit, Craig Harper, who is also an executive vice president of the Lowell, Arkansas-based transportation and logistics giant, said that all shipping stakeholders need to evaluate every...

https://www.freightwaves.com/news/nzcs-keynote-transport-must-double-down-on-intermodal-use

Supply chain radar: Rail payouts rock as logistics disappoints income hunters

We covered in detail at the end of last year the unimpressive lack of growth in income streams for two different, albeit sizeable, 3PLs in the US – illustrious CH Robinson and Expeditors.
After such a robust 2020 for them as well as all things logistics, actually, after a few bumps on the road in Q2 ’20; with the most prominent players we’ve so far been left with a bittersweet taste …

The post Supply chain radar: Rail payouts rock as logistics disappoints income hunters appeared first on The...

https://theloadstar.com/supply-chain-radar-rail-payouts-rock-as-logistics-disappoints-income-hunters/

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