Category Archives: News

Truckers feel, see impact of coronavirus outbreak

By Jim Mackinnon Beacon Journal Rich Hayworth has been driving big tractor-trailer trucks since 1979. He now recruits and instructs new truck drivers, and makes the occasional over-the-road run, for family-owned JRayl Transport in Akron, a 400-truck business that operates primarily in the eastern half of the United States. The long-established company and other trucking businesses […]

April Auto Sales Could Plummet 80% In Europe, 60% In U.S.

Sales of sedans and SUVs dived more than 50% in coronavirus inflicted Western Europe in March, outpacing the U.S. fall of nearly 40%, and forecasters expect even worse numbers in April, although they still cling to hopes that all will be well after a “V” shaped recovery. Western Europe, which includes all the big markets […]

How Coronavirus Pandemic Will Change Transportation, Auto Industries

Auto sales are in a freefall. Heavy-duty truck manufacturing looks to fall by more than half. Few people are flying, renting cars or commuting to work. The COVID-19 pandemic is rapidly changing the face of work and the economy. Adam Jonas, the transportation industry analyst at Morgan Stanley Research, has stepped back and come up […]

Port Of LA Leader Tasked With Lifesaving Logistics For City

Port of Los Angeles Executive Director Gene Seroka has a weighty task — procurement and distribution of medical supplies critical to the fight against the coronavirus. LA Mayor Eric Garcetti earlier this week named Seroka the city’s chief logistics officer. “How do we help local hospitals that are quickly running out of essential supplies and personal […]

Freight Volumes Plummeting As Fast As They Soared

This week’s DHL Supply Chain Pricing Power Index: 60 (Carriers) Last week’s DHL Supply Chain Pricing Power Index: 65 (Carriers) Three-month DHL Supply Chain Pricing Power Index Outlook: 40 (Shippers) The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers. […]

Global Semi-Autonomous Vehicles Market 2020 Top Growing Companies Analysis and Growth Forecast to 2025

Semi-Autonomous Vehicles Market 2019 Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand, Analysis till 2025 Global Semi-Autonomous Vehicles Market 2019 is the most current research report instigated by Market Research Place portrays an in depth list of elements that will propel and control the development of research market. Global Semi-Autonomous Vehicles market provides an all inclusive analysis of the market, casting light […]

Some carriers putting LTL service on hold

Moves address employee safety, compliance with stay-at-home orders across the country HIGH POINT – Several specialized furniture carriers are suspending less-than-truckload service to retailers as COVID-19 continues to spread. While slow retail and manufacturing shutdowns have affected the demand for services, carriers cited employee safety and compliance with efforts to contain the virus’ spread as […]

OfferUp, letgo deal could bring more potential customers to dealers

SEATTLE and NEW YORK –  Buying and selling apps OfferUp and letgo, which feature marketplaces of products that include cars, said on March 25 that they intend to combine their U.S. businesses. The companies say the deal will create a mobile marketplace that supports more than 20 million monthly active users. Through the deal, users […]

Tesla Semi electric truck spotted coming back from winter testing ahead of production

Tesla Semi electric truck spotted coming back from winter testing ahead of production

A Tesla Semi electric truck prototype was spotted coming back from winter testing in Alaska ahead of the start of production. Back in January, Tesla gave Tesla Semi reservation holders an update on its test program, improvements, and the timeline for the electric truck. It included plans to start the Tesla Semi winter testing program soon: […]

Old Dominion Freight Line to assume outbound shipments for bankrupt competitor

Old Dominion Freight Line to assume outbound shipments for bankrupt competitor

Old Dominion Freight Line (Nasdaq: ODFL) of Thomasville has arranged to assist customers of another less-than-truckload (LTL) logistics company that is ceasing operations after 77 years. Family-owned Beaver Express Services of Woodward, Oklahoma, announced that a variety of market conditions exacerbated by coronavirus is forcing the company out of business, Yahoo Finance reported. Continue https://www.bizjournals.com/triad/news/2020/03/25/old-dominion-takes-over-shipping-for-bankrupt-firm.html

Werner releases update on COVID-19’s impact on its business 

Werner releases update on COVID-19’s impact on its business 

In an announcement that is along the lines of what less-than-truckload (LTL) carriers do virtually every quarter, truckload carrier Werner (NASDAQ: WERN) has released an update on its first-quarter operations. The release held no major surprises about conditions so far in the quarter. Regarding the recent surge in trucking demand, Werner said… Continue https://www.freightwaves.com/news/in-unusual-move-werner-releases-update-on-covid-19s-impact-on-its-business-

Coronavirus Rattles Shipping Industry as Supply Shock Moves to Demand Decline

Coronavirus Rattles Shipping Industry as Supply Shock Moves to Demand Decline

Japanese carrier Ocean Network Express is bracing for weaker orders and stranded cargo at U.S. and European ports By Costas Paris March 26, 2020 3:05 pm ET Container ship operators that canceled more than half their sailings to China, as coronavirus-driven restrictions froze work at its ports last month, are bracing for a second wave […]

COVID-19 Reveals That the Real Cure For Freight Truck Congestion is Fewer Cars

COVID-19 Reveals That the Real Cure For Freight Truck Congestion is Fewer Cars

t’s not every day that safe streets advocates have a reason to celebrate drivers going faster, but here’s a rare one: with private vehicles largely purged from American highways by COVID-19-curbing travel restrictions, truck delivery of essential goods is reaching cities quicker than ever. Freight trucks along Atlanta’s infamous “Spaghetti Junction” intersection are moving… Continue  https://usa.streetsblog.org/2020/03/25/covid-19-reveals-that-the-real-cure-for-freight-truck-congestion-is-fewer-cars/

The great toilet paper robbery: North Carolina truck driver is busted hauling 18,000 pounds of sought after bathroom products in a stolen trailer

COVID-19 lets freight move more easily, study says

A North Carolina truck driver has been busted hauling 18,000 pounds of toilet paper in a stolen trailer. The Guilford County Sheriff’s Office intercepted the driver on Wednesday amid the coronavirus pandemic that has resulted in panicked customers buying up toilet paper across the country. After spotting the stolen 18-wheeler, deputies say they followed the driver to […]

XPO Logistics Aborts Plans to Sell Businesses Amid the Coronavirus Pandemic

XPO Logistics Aborts Plans to Sell Businesses Amid the Coronavirus Pandemic

Back in January, XPO Logistics‘ (NYSE:XPO) announced plans to sell some of its business units. That took the market by surprise, as the shipping and logistics giant has always been known for its prowess in acquiring businesses, not so much selling them. On March 20, XPO Logistics called off its plans amid the COVID-19 pandemic. The Big Strategic Plan That XPO […]