On today’s FreightWaves NOW, Zach Strickland discuses rejection rates in the Carrier Update presented by PowerFleet then Michael Vincent talks about capacity tightening as volumes go down in the Shipper Update.
https://www.freightwaves.com/news/rejection-rates-begin-seasonal-christmas-climb-freightwaves-now
Numbers continue to show how diesel inventories are rapidly declining in the U.S. and around the world, including a relationship that most oil traders will tell you is far more indicative of what’s being held in storage than various weekly or monthly reports.
Although the weekly Energy Information Administration inventory report over the past two weeks has shown a build in U.S. diesel inventories after weeks of declines, it is the forward price curve as well as the size of the market...
https://s29755.pcdn.co/news/key-price-spread-in-diesel-market-affirms-tightening-inventories
Could Moderna be next to get fast-tracked vaccine approval?
Headlines
Forward Air is seeing significant outages across its technology systems after a security incident rendered some computer systems useless. The hack has caused its website to go offline, but a spokesman says all shipments currently in Forward Air’s system will still deliver on time.
Drivers for Schneider National will start making an additional 4 cents per mile on Jan. 24, with the pay increase following several other...
https://s29755.pcdn.co/news/vaccine-delivery-progressing-with-warp-speed-midday-market-update
Carriers that utilize InMotion Global’s AscendTMS and search for and book loads on Convoy’s digital freight platform now will benefit from an integration between the platforms.
It is the latest benefit InMotion Global has added to the AscendTMS transportation management system to make the task of managing fleets easier. The free AscendTMS platform now allows carriers to easily manage their back offices, reserve parking for drivers and even book shipment-based cargo insurance. The cloud-based...
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
From the start of stay-at-home orders came new demands on warehousing that logistics companies are continuing to adapt to. Fluctuations of storage demands have ranged widely, from increased needs for nonessential goods to decreased needs for goods moving quickly, as influenced by the rise in e-commerce.
March brought a sudden demand for personal protective...
https://s29755.pcdn.co/news/commentary-adapting-to-e-commerce-growths-impact-on-warehousing
Navistar International Corp. (NYSE: NAV) reported COVID-impacted lower sales and earnings for its fourth quarter and fiscal year on Thursday. It is likely the final independent earnings report before its $3.7 billion sale to Volkswagen AG’s Traton Group closes in 2021.
Navistar executives skipped the quarterly call with analysts because of the Nov. 7 definitive merger.
Key financial highlights
https://s29755.pcdn.co/news/navistar-feels-covid-sting-in-q4-and-full-year-2020-earnings
FourKites and BluJay Solutions have renewed their partnership agreement that allows customers to access FourKites visibility data within the BluJay transportation management system.
“FourKites’ objective is to collaborate with BluJay on strategic, innovative opportunities to increase the savings we provide customers through our mutual offering,” said Frank Iannotti, chief revenue officer at FourKites. “Through this renewed partnership, FourKites will be able to align our solutions with machine...
https://www.freightwaves.com/news/fourkites-blujay-solutions-renew-partnership-agreement
Canadian railway CN (NYSE: CNI) has partnered with others to develop a high-tech logistics near the Port of Mobile in Alabama for the export of plastics resins or pellets.
CN, Mississippi Export Railroad subsidiary Alabama Export Railroad and Ray-Mont Logistics expect the first phase of the logistics park in Mobile to be open in late 2021. The facility, designed to bag and containerize plastic pellets, will have an annual capacity of 25,000 twenty-foot equivalent units.
“With this new project CN...
https://www.freightwaves.com/news/cn-others-to-develop-plastics-resins-export-facility-in-alabama
Freight rail stakeholders are offering early congratulations to former presidential candidate and South Bend, Indiana, Mayor Pete Buttigieg for his nomination to President-elect Joe Biden’s Cabinet.
Biden nominated Buttigieg to become secretary of transportation and lead the U.S. Department of Transportation (DOT).
The stakeholders offer support amid hopes that the White House and Congress will agree upon transportation initiatives — including a bipartisan infrastructure bill — that would find...
https://s29755.pcdn.co/news/rail-roundup-groups-laud-nominee-buttigieg-us-rail-traffic-up
Shippers are not buying into the box shortage paradigm, that the dearth of containers in Asia is caused by the pandemic, presented by shipping lines and others, with one shipper telling Container News, “Containers don’t have a life of their own, the lines manage their box fleets as well as their ships.”
Shippers believe that the cause of the container shortage and the spike in charges is the lines themselves, “Shippers are being charged astronomic rates for the lines’ own incompetence,” said one...
https://container-news.com/shippers-blame-carriers-for-entirely-predictable-us-container-graveyard/