Why freight sharing is caring — stackd

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Becoming more sustainable is a goal many companies in the logistics industry share, and a driver of sustainable progress is technology. On this episode of stackd, host Adam Robinson details how Flock Freight is using tech advances to get closer to that goal. 

Robinson welcomes Flock Freight CEO Oren Zaslansky to talk about the methods his company employs. Flock Freight uses algorithms to create shared truckloads out of LTL loads, combining those multiple LTL loads into one full truckload of...

https://www.freightwaves.com/news/why-freight-sharing-is-caring-stackd

FreightWaves Classics: Origins of the Interstate Highway System

It is unlikely that highway planners of the 1930s-40s never envisioned this complexity. (Photo: Jim Allen/FreightWaves)

President Eisenhower was a proponent of the interstate system as well as the legislation passed by Congress to fund the system’s construction. He signed the legislation into law on June 29, 1956. The U.S. interstate system was officially named the Dwight D. Eisenhower National System of Interstate and Defense Highways in 1990 and signed into law one day before the centennial celebration of Eisenhower’s birth. 

However, the idea of an interstate system originated long before Eisenhower took...

https://www.freightwaves.com/news/freightwaves-classics:-origins-of-the-interstate-highway-system

Fuel card provider WEX sees ‘slow and steady’ recovery in 2021

Shares of WEX down on below-consensus revenue outlook for first quarter

Truck fleet payments and fuel card provider WEX Inc. (NYSE: WEX) reported adjusted earnings per share of $1.45 Wednesday, 2 cents light of the consensus estimate and $1.16 lower year-over-year. The headline number was a loss of $5.30 per share, which included more than $200 million in one-off acquisition-related expenses and a goodwill impairment charge.

The Portland, Maine-based company reported a 9% year-over-year decline in consolidated revenue as activity in the company’s fleet segment...

https://www.freightwaves.com/news/fuel-card-provider-wex-sees-slow-and-steady-recovery-in-2021

FreightWaves Classics: National Highway System helps commerce move from coast-to-coast

A multi-tier interchange on the I-10 in California. (Photo: Jim Allen/FreightWaves)

The U.S. is thawing out this week from back-to-back storms that covered large areas of the country. Airports were forced to close for periods of time, railroads were slowed or stopped and the nation’s trucking fleet was sidelined for various lengths of time in different areas.

Trucks on a snowy highway (Photo: Jim Allen/FreightWaves)

While the storms slowed the movement of goods and people, they could not stop movement entirely. In part, this is due to the work of those dedicated to keep the...

https://s29755.pcdn.co/news/freightwaves-classics:-national-highway-system-helps-commerce-move-from-coast-to-coast

CFI consolidates operations center in South Texas

CFI recently repurposed a facility in Laredo, Texas, that will serve as the sales, operations and administrative center for CFI Logistics services in and out of Mexico.

The Laredo facility will now be a shared facility between CFI Logistics and CFI Mexico, a service comprising CFI Logistica and CFI de Mexico. CFI de Mexico is headquartered in the World Trade Center in Guadalajara, Mexico.

“A majority of our customers have investments in business operations in the U.S. and Mexico, and they’re...

https://www.freightwaves.com/news/cfi-expands-with-distribution-center-in-south-texas

Flock Freight to offset 100% of FlockDirect carbon emissions

Flock Freight is offsetting 100% of FlockDirect carbon emissions.

Flock Freight’s business model is built on sustainability and reducing greenhouse gas (GHG) emissions in the freight industry. The company announced Tuesday that it will offset 100% of carbon emissions for FlockDirect customers for free in 2021 to achieve carbon neutrality.

“We are the only company in the world that uses technology to fundamentally change the way freight moves,” Oren Zaslansky, founder and CEO, said in an interview with FreightWaves. 

While many companies use technology to...

https://www.freightwaves.com/news/flock-freight-to-offset-100%-of-flockdirect-carbon-emissions

Winter weather decimates tender volumes, quick rebound expected

Winter storms across the country — in particular the nor’easter in Pennsylvania and New Jersey and the damaging ice storms in Texas — have caused many retailers to close down and disrupted freight operations. Subsequently, tender volumes have taken a nosedive in the U.S. this week. 

It is not typical for tender volumes to decline and rejections to rise midseason. It’s a common occurrence to see this dynamic play out with weather and on major holidays when capacity is taken off line at a faster...

https://s29755.pcdn.co/news/winter-weather-decimates-tender-volumes-quick-rebound-expected

FreightWaves Haul of Fame: Transcontinental Refrigerated Lines

An RTL tractor-trailer. (Photo: Flickr/Rick McOmber)

Stephen P. Hrobuchak, Sr. and his son, Stephen P. Hrobuchak, Jr., founded Transcontinental Refrigerated Lines, or TRL, in the northeastern Pennsylvania town of Pittston in 1975. They started the company with just two trucks. The company grew rapidly, however. According to statements by the Hrobuchaks at the time, they achieved fast growth by placing strong emphasis on equipment and on service. 

Continued growth during the 1980s and 1990s

By 1987, the company had been so successful that it had...

https://s29755.pcdn.co/news/freightwaves-haul-of-fame:-transcontinental-refrigerated-lines

Rates surge, no ‘significant rate relief’ in 2021, Cass says

Cass Freight Index jumps in January

Data released Thursday by Cass Information Systems (NASDAQ: CASS) highlighted advances in the company’s shipments and expenditures indexes during January. The shipments component increased 8.6% year-over-year with the expenditures index surging 19.5%.

The data showed shipments improved 3% from December on a seasonally adjusted basis, which was the largest move since September.

“This acceleration takes us another step closer to the strong growth environment which we expect to continue in 2021, due...

https://www.freightwaves.com/news/rates-surge-no-significant-rate-relief-in-2021-cass-says

FreightWaves Haul of Fame: M.S. Carriers Inc. found success…

An M.S. Carriers tractor and trailer. (Photo: Craig Wendt Collection)

Michael Starnes founded M.S. Carriers in Memphis, Tennessee, in 1978. Starnes started the company from his own home, with just two trucks and $10,000 in working capital. By 1986, the company had achieved considerable success, and gone public. In 1987, M.S. Carriers announced the construction of a new terminal in Jackson, Tennessee – the company’s fifth terminal. Its other terminals were in Nashville and Memphis, as well as Tupelo, Mississippi and Baton Rouge, Louisiana.

Starnes conceived an...

https://www.freightwaves.com/news/freightwaves-haul-of-fame:-ms-carriers-inc-found-success

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