Intermodal rates go off the rails

Chart of the Week:  Intermodal Spot Rates – USA SONAR: INTRM.USA

The average national spot rate for intermodal shipments by rail have increased 58% since early June, or $0.79/mile. The normally rational intermodal market, a safe haven for many shippers, has succumbed to the pressure of the surging freight volumes arriving on the West Coast. What is more impressive than the absolute rate, which is the highest in five years, is the rate of increase. 

It has taken only three months for the U.S....

https://s29755.pcdn.co/news/intermodal-rates-go-off-the-rails

Tight trucking market may hamstring Laura recovery effort

Chart of the Week:  Truckstop.com 7-Day Van and Reefer Rate Per Mile – USA SONAR: TSTOPVRPM.USA, TSTOPRRPM.USA

In a year that has become the poster child for natural disaster, Hurricane Laura became the latest in a long line of internet meme-generating events that have characterized 2020. To make matters worse for the victims of the first major hurricane to make landfall in the U.S., the recovery efforts may be hindered by the tightest freight market in years. 

The average national rates for dry...

https://s29755.pcdn.co/news/tight-trucking-market-may-hamstring-laura-recovery-effort

Reports: FBI warns trucking of potential ELD hackers

The Federal Bureau of Investigation (FBI) has issued an advisory on cyber risks associated electronic logging devices (ELDs) after determining the devices “did little or nothing” to ensure against data breaches, according to media reports.

The advisory – a copy of which has been circulated among various media – follows best-practices advice from private industry warning on the potential security vulnerability of ELDs and other technology that has the potential to cause severe financial damage to...

https://s29755.pcdn.co/news/reports-fbi-warns-trucking-of-potential-eld-hackers

FreightWaves virtual 3PL Summit focus: efficiency and profitability

FreightWaves LIVE @Home, the industry’s premier virtual freight conference, was such a smashing success among attendees that we are doing it again – this time the focus will be on third-party logistics (3PL) providers.

The inaugural 3PL Summit virtual event will take place on July 21 live on computers and television screens through the FreightWaves TV network.

“COVID-19 has changed the landscape for industry events – virtual events have replaced in-person events. Duplicating that experience is...

https://s29755.pcdn.co/news/freightwaves-virtual-3pl-summit-focus-efficiency-and-profitability

Schneider beefs up shipper offerings with FreightPower

Schneider FreightPower tech

Even as capacity has remained loose in the trucking industry because of COVID-19, Schneider (NYSE: SNDR) has been busy building solutions for when times change. The latest lever in that machine is FreightPower, a technology solution to help shippers unlock more capacity.

“We operate one of the largest North American freight networks, with over 12,000 trucks and 35,000 trailers,” Erin Van Zeeland, group senior vice president of Schneider Logistics Services, said. “In addition to our vast...

https://www.freightwaves.com/news/schneider-beefs-up-shipper-offerings-with-freightpower

Flexibility will be key in safely welcoming workers back into the office

It has been over two months since the coronavirus pandemic prompted offices across the country to close their doors and adopt makeshift work-from-home policies. Now, state governments are starting to lift lockdowns and companies are faced with the choice to bring employees back to the office or keep them at home. 

While some workers had a difficult time adjusting to life outside the office in the beginning, most have come to appreciate the peace of mind that comes from staying home during a...

https://www.freightwaves.com/news/flexibility-will-be-key-in-safely-welcoming-workers-back-into-the-office

Industry keynote with Paris Cole, CEO, Truckstop.com and Craig Fuller, Founder and CEO, FreightWaves from #FWLive @HOME (with video)

FreightWaves founder and CEO Craig Fuller and Truckstop.com CEO Paris Cole join forces for this keynote from FreightWaves LIVE @HOME to talk about Book It Now, investor funding and looking to the future at truckstop com. Also discussed are the partnership with FreightWaves, cybersecurity malware...

https://www.freightwaves.com/news/industry-keynote-with-paris-cole-ceo-truckstop-com-and-craig-fuller-founder-and-ceo-freightwaves-from-fwlive-home-with-video

FreightWaves LIVE@HOME: Fuller Speed Ahead with Paris Cole, CEO of Truckstop.com

Online load board Truckstop.com laid to rest once again the rumor that it has aspirations to become a brokerage, but it  will continue to build out features connected to Book It Now, a mobile app solution that allows brokers and third-party logistics providers (3PLs) to add instant load board functionality to their businesses.

Truckstop’s tech innovations and the implications for brokerages were among the topics CEO Paris Cole discussed during FreightWaves LIVE@HOME, a virtual conference taking...

https://s29755.pcdn.co/news/freightwaves-live@home:-fuller-speed-ahead-with-paris-cole,-ceo-of-truckstop.com

FreightWaves LIVE@HOME Day 1: Good conversations and innovative ideas highlight virtual freight conference

FreightWaves LIVE

Under pressure from COVID-19, in-person conferences across the country have been cancelled or postponed, and that includes many in the freight industry. But, the show must go on, they say, so FreightWaves plowed ahead with its FreightWaves LIVE event, originally scheduled for this week in Atlanta. No longer an in-person event, the event was rebranded FreightWaves LIVE@HOME, which kicked off today.

The virtual event features a full three days of great presentations, conversations and company...

https://s29755.pcdn.co/news/freightwaves-livehome-day-1-good-conversations-and-innovative-ideas-highlight-virtual-freight-conference

Career Tracks: Truckstop.com, Southeastern Freight and Eimskip

Freight-matching marketplace Truckstop.com announced that Brad Bedoe has joined the company as chief marketing officer.

The newly created position will direct marketing functions across various disciplines, including demand generation, go-to-market strategy, industry/segment marketing, and brand and product marketing.

Bedoe previously was the CMO for Verizon Connect. Prior to that, he was the vice president of segment marketing for Fleetmatics. While at Fleetmatics, Bedoe helped scale the company...

https://s29755.pcdn.co/news/career-tracks:-truckstopcom,-southeastern-freight-and-eimskip

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon