Trucking

J.B. Hunt sees runway for high demand; small carriers could struggle

JBI "turning down thousands of loads per week."

J.B. Hunt Transport Services continues to see demand for its services exceed capacity. Management from the company noted moderation in the spot truckload market on a call with analysts Monday night but said that pressure on rates is likely more of a hurdle for smaller carriers not operating under contractual arrangements.

“As we sit here today, demand for our services, and in particular the asset side of our business, is the strongest I’ve seen in my 27-year career at the company,” Chief...

https://www.freightwaves.com/news/jb-hunt-sees-runway-for-high-demand-small-carriers-could-struggle

Daimler recall inadvertently confirms new Western Star truck model

Western Star 47X in quarry

A Daimler Truck North America recall inadvertently confirmed the next addition to the Western Star X-Series of heavy-duty vocational trucks. A small number of pre-production 57X models have a defect in which part of the hood can become unglued and fall off.

Western Star has been renaming its off-highway heavy haul trucks as X-Series models. The 49X and 47X account for most of a 2,294-unit recall to replace stainless steel hood-mounted side intake covers that can come debonded from the intake....

https://www.freightwaves.com/news/daimler-recall-inadvertently-confirms-new-western-star-truck-model

XPO opening 2 LTL terminals

XPO Logistics Inc. said Monday that it will open two LTL terminals to bring its North American terminal network count to 294.

XPO (NYSE: XPO) will open a facility in Adelanto, California, in San Bernardino County. The 51,500-square-foot facility, which includes 99 dock doors and a freight assembly center, is expected to open this month. The second facility, in Conley, Georgia, near Atlanta, has 55,000 square feet, 97 doors and a freight assembly center. It is expected to open in May. 

Last...

https://www.freightwaves.com/news/xpo-opening-2-ltl-terminals

J.B. Hunt handily beats Q1 expectations

J.B. Hunt rig on highway

J.B. Hunt Transport Services reported first-quarter 2022 earnings per share of $2.29 Monday after the market closed, 92 cents better year-over-year and 35 cents ahead of the consensus estimate.

Gains on equipment sales were a tailwind, up $18 million year-over-year.

Consolidated revenue increased 33% year-over-year to $3.49 billion with all the company’s segments reporting an increase. Revenue was 27% higher year-over-year excluding the impact of fuel surcharges.

J.B. Hunt’s (NASDAQ: JBHT)...

https://www.freightwaves.com/news/jb-hunt-handily-beats-q1-expectations

$240M in produce losses blamed on truck delays at US-Mexico border

Texas Gov. Greg Abbott’s increased inspections of trucks created hourslong wait times for commercial traffic at key U.S.-Mexico border crossings and resulted in hundreds of millions in lost revenue because of spoiled produce, trade experts said.

Abbott ended his policy of increased inspections of commercial trucks arriving from Mexico on Friday after reaching migrant border security agreements with governors of nearby Mexican states.

About $9 billion of fresh produce crosses the Texas border from...

https://www.freightwaves.com/news/240m-in-produce-losses-blamed-on-texas-truck-delays

Chinese lockdowns will create shocks to American supply chains (but China is the biggest loser)

Shanghai's zero-COVID lockdown continues.

What happens in China doesn’t stay in China. And for American supply chains, that is usually a good thing. American businesses have become dependent on low-cost goods coming from Chinese suppliers. But in a post-COVID world that may be entering the Second Cold War, reliance on China means that American businesses are held hostage by an autocratic regime that seems oblivious to the damage it is doing to its own economy, much less the global one. 

Since the earliest days of COVID-19, China has...

https://www.freightwaves.com/news/chinese-lockdowns-will-create-shocks-to-american-supply-chains-but-china-is-the-biggest-loser

3PL sustainability strategy — Net-Zero Carbon

DHL and FreightWaves experts discuss sustainability strategies for 3PLs.

On this episode of Net-Zero Carbon, Tyler Cole, director of carbon intelligence at FreightWaves, and Jason Gillespie, senior director of continuous improvement, innovation and engineering at DHL Supply Chain, discuss DHL’s sustainability initiatives.

“When we’re talking to our customers — my customers are the shippers — they’re saying they’ve got targets. They know that road transportation is a big scope 3 thing they have to worry about,” Gillespie said.

Scope 3 emissions occur along a company’s...

https://www.freightwaves.com/news/3pl-sustainability-strategy-net-zero-carbon

Borderlands: Developers capitalizing on booming California-Mexico trade

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A development is capitalizing on the booming California-Mexico trade; the Port of Galveston will receive $11 million for a channel dredging project; a Canadian auto components maker expands its Mexican plant; and Border Patrol rescues migrants locked in a railcar.

Landmark at Otay development capitalizing on booming California-Mexico trade 

The area near the Otay Mesa...

https://www.freightwaves.com/news/developers-capitalizing-on-booming-california-mexico-trade

The Log Book: FedEx supports Amelia Earhart Hangar Museum

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: FedEx supports STEM exhibits at the new Amelia Earhart museum; Love’s donates to St. Christopher Truckers Relief; and One Tree Planted helps celebrate Earth Day.

FedEx supports new Amelia Earhart museum

Global shipping company FedEx, joined by Garmin and Lockheed Martin, announced Friday that the three companies have helped the Amelia Earhart Hangar Museum in Atchison, Kansas, get closer...

https://www.freightwaves.com/news/the-log-book-fedex-supports-amelia-earhart-hangar-museum

XPO’s Jacobs predicts biggest transportation disruptor: 3D printing

With all the technological change driving the transportation industry, Brad Jacobs told a virtual audience of The Economic Club of New York that 3D printing was likely to disrupt transportation more than anything else.

The XPO (NYSE: XPO) CEO and founder of numerous companies said 3D printing is “the main long-term technology driver that is going to affect our industry.”

Jacobs conceded that 3D printing is taking awhile to gain traction in manufacturing. “But it’s going to happen,” he said,...

https://www.freightwaves.com/news/xpos-jacobs-predicts-biggest-transportation-disruptor-3d-printing

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