Topics https://www.benzinga.com/views/taxonomy/term/17 en Spot Rates Above Previous Year As Volumes Correct – FreightWaves NOW https://www.benzinga.com/news/20/06/16182778/spot-rates-above-previous-year-as-volumes-correct-freightwaves-now <p>Zach Strickland compares current spot rates to last year&#039;s rates in the Carrier ...</p><p><a href=https://www.benzinga.com/news/20/06/16182778/spot-rates-above-previous-year-as-volumes-correct-freightwaves-now alt=Spot Rates Above Previous Year As Volumes Correct – FreightWaves NOW>Full story available on Benzinga.com</a></p> Freight News Topics Markets Media General News Topics Markets Media General Benzinga Thu, 04 Jun 2020 18:10:00 +0000 FreightWaves 16182778 at https://www.benzinga.com Today's Pickup: Saudi Arabia And Russia Push For Extending Oil Output Cuts https://www.benzinga.com/news/20/06/16182781/todays-pickup-saudi-arabia-and-russia-push-for-extending-oil-output-cuts <p>Good day,</p> <p>OPEC and non-OPEC countries are looking to convene and decide the extension of their oil output cuts, which will help strengthen oil prices that have been climbing steadily since their April lows. Major oil powers Saudi Arabia and Russia are reportedly supporting a one-month extension of the current level of output cuts. </p> <p>Oil prices have shown a sustained recovery over the last few weeks, after the industry saw WTI oil futures crash below zero, and Brent crude futures nearly touch their 20-year low. Global oil demand has picked up as China&#039;s oil demand rebounded, with its demand expected to have reached 92% of its pre-COVID levels in May. </p> <p><strong>Did you know?</strong></p> <p>The <a href="https://www.aircargonews.net/business/statistics/top-25-air-forwarders-dhl-leads-the-pack-in-a-tough-year/">air cargo volumes</a> recorded by the top 25 airfreight players in the world saw demand declining by 7.8% year-on-year to 15.4 million metric tonnes. The top air freight forwarder, DHL Global Forwarding, saw its volumes decline by 4.6% year-on-year to just over 2 million metric tonnes.</p> <p><strong>Quotable</strong></p> <p>"All indications are that we&#039;re starting to bottom ...</p><p><a href=https://www.benzinga.com/news/20/06/16182781/todays-pickup-saudi-arabia-and-russia-push-for-extending-oil-output-cuts alt=Today&#039;s Pickup: Saudi Arabia And Russia Push For Extending Oil Output Cuts>Full story available on Benzinga.com</a></p> F Freight KO MDLZ News OPEC TSLA VWAGY Commodities Topics Markets General F US3453708600 KO US1912161007 TSLA US88160R1014 MDLZ VWAGY News Commodities Topics Markets General Benzinga Thu, 04 Jun 2020 18:03:18 +0000 FreightWaves 16182781 at https://www.benzinga.com Coronavirus Update: 60% Of Americans Say College Campuses Should Reopen in Fall https://www.benzinga.com/general/education/20/06/16172515/coronavirus-update-60-of-americans-say-college-campuses-should-reopen-in-fall <p>Ready or not, the fall semester begins in three&nbsp;months for America&rsquo;s college students. Amid fears of community spread of coronavirus, it&rsquo;s worth asking:&nbsp;should college campuses return to full capacity?</p> <p>It isn&rsquo;t hard to see why a vaccine might play a role in campuses fully reopening. Last week, our survey found 61% of Americans plan on getting the novel coronavirus vaccine when it becomes available to the general public.</p> <p>Benzinga has released nationally sampled consumer sentiment survey data. In all, our study surveyed over 1,000 U.S. adults aged 18 or older on if college campuses should reopen in the fall and how many Americans are wearing masks in public.&nbsp;</p> <p>We&rsquo;ve detailed some of the highlights from this week&rsquo;s study below.</p> <p><em>Benzinga is covering every angle of how the coronavirus affects the financial world.&nbsp;<strong>For daily updates,&nbsp;<a href="https://share.hsforms.com/1UT8L-e6gSUiP288QJFLp2A1npzh?__hstc=258999573.dc613b2c727fb8c28b6eef1056df0713.1581090906362.1591018279847.1591021406335.331&amp;__hssc=258999573.5.1591021406335&amp;__hsfp=2165098622">sign up for our coronavirus newsletter</a>.</strong></em></p> <h3>Key Findings from the Study</h3> <h3>Higher Education</h3> <p><em>Do you think ...</em></p><p><a href=https://www.benzinga.com/general/education/20/06/16172515/coronavirus-update-60-of-americans-say-college-campuses-should-reopen-in-fall alt=Coronavirus Update: 60% Of Americans Say College Campuses Should Reopen in Fall>Full story available on Benzinga.com</a></p> college Coronavirus Covid-19 ZM Education Health Care Psychology Topics Crowdsourcing General ZM Education Health Care Psychology Topics Crowdsourcing General Benzinga Wed, 03 Jun 2020 20:52:28 +0000 Henry Khederian 16172515 at https://www.benzinga.com Where Does Automotive Go From Here? (With Video) https://www.benzinga.com/news/20/05/16133549/where-does-automotive-go-from-here-with-video <p>On today&#039;s Midday Market Update, Michael Vincent and Kevin Hill are talking about the SONAR powered data, issues, and news that moves you. </p> <p>On this episode they&#039;re joined by Jason Roberts, President at ...</p><p><a href=https://www.benzinga.com/news/20/05/16133549/where-does-automotive-go-from-here-with-video alt=Where Does Automotive Go From Here? (With Video)>Full story available on Benzinga.com</a></p> Freight News SONAR Topics Markets Media Interview General News Topics Markets Media Interview General Benzinga Thu, 28 May 2020 21:48:27 +0000 FreightWaves 16133549 at https://www.benzinga.com Volumes Rebound After Holiday, But Shorten In Length – FreightWaves NOW https://www.benzinga.com/news/20/05/16132829/volumes-rebound-after-holiday-but-shorten-in-length-freightwaves-now <p>Zach Strickland examines a rebound in volumes after the Memorial Day holiday in the Carrier ...</p><p><a href=https://www.benzinga.com/news/20/05/16132829/volumes-rebound-after-holiday-but-shorten-in-length-freightwaves-now alt=Volumes Rebound After Holiday, But Shorten In Length – FreightWaves NOW>Full story available on Benzinga.com</a></p> Freight News Topics Media General News Topics Media General Benzinga Thu, 28 May 2020 20:56:26 +0000 FreightWaves 16132829 at https://www.benzinga.com Trucker Charity On Track For Record Donations https://www.benzinga.com/news/20/05/16132830/trucker-charity-on-track-for-record-donations <p>A charity that helps truckers pay living expenses while off the road for illness is seeing record donations as the public recognizes truck drivers&#039; role in delivering critical goods during the COVID-19 pandemic.</p> <p>The St. Christopher&#039;s Trucker Development and Relief Fund (CTF) is more than halfway to its $1 million fundraising goal for the year, said Shannon Currier, CTF director of philanthropy and development.</p> <p>St. Christopher&#039;s has received three separate donations of $100,000 from the Pilot Company, Love&#039;s Travel Stops &amp; Country Stores and <strong>Progressive Insurance</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>). Third-party logistics provider <strong>C.H. Robinson Worldwide Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) gave $50,000. </p> <p>Those donations alone make up more than half of all the money St. Christopher&#039;s raised in 2019," Currier told FreightWaves.</p> <h3><strong>Record pace</strong></h3> <p>"If we keep the pace we&#039;re going right now, we should reach and surpass that goal," she said. "But there&#039;s no guarantee of that. But these significant and large donations are definitely helping make a difference."</p> <p>Knoxville, Tennessee-based St. Christopher&#039;s dipped into its reserves in 2019 to provide assistance to all 347 truckers who applied. The stream of donations ...</p><p><a href=https://www.benzinga.com/news/20/05/16132830/trucker-charity-on-track-for-record-donations alt=Trucker Charity On Track For Record Donations>Full story available on Benzinga.com</a></p> CHRW Covid-19 Freight News PGR St. Christopher's Trucker Development and Relief Fund Topics General CHRW US12541W2098 PGR US7433151039 News Topics General Benzinga Thu, 28 May 2020 20:54:23 +0000 FreightWaves 16132830 at https://www.benzinga.com Today's Pickup: Samsara introduces Driver Efficiency Scores To Help Improve Driving Habits https://www.benzinga.com/news/20/05/16131066/todays-pickup-samsara-introduces-driver-efficiency-scores-to-help-improve-driving-habits <p>Good day,</p> <p>Industrial internet of things (IIoT) provider Samsara announced the introduction of driver efficiency scores to improve driver behavior and increase fleet safety. Fleets can monitor different driving parameters and use Samara&#039;s fleet efficiency reports to train drivers and reduce fuel consumption, while increasing overall operational sustainability. </p> <p>Samara&#039;s report aggregates data across several criteria, including instances of truck idling, speeding, cruise control, coasting, and high torque. That apart, it also records ‘anticipation events&#039; that measure the number of braking events where the time from the accelerator to brake is less than a second. It also measures the time spent by truckers driving at the most efficient RPM, which directly corresponds to high fuel efficiency. </p> <p>Samsara believes that this report will help fleets identify inefficient driving habits, incentivize good behavior and facilitate effective feedback. </p> <h3><strong>Did you know?</strong></h3> <p>The shipments of core capital goods from the U.S. dropped 5.4% in April, according to the U.S. Department of Commerce. Core capital goods shipments are used to calculate equipment spending in the government&#039;s gross domestic product measurement. Core capital ...</p><p><a href=https://www.benzinga.com/news/20/05/16131066/todays-pickup-samsara-introduces-driver-efficiency-scores-to-help-improve-driving-habits alt=Today&#039;s Pickup: Samsara introduces Driver Efficiency Scores To Help Improve Driving Habits>Full story available on Benzinga.com</a></p> autonomous vehicles BA BIDU Freight Internet of Things News SOBKY UBER Topics Econ #s Markets General BIDU US0567521085 BA US0970231058 UBER SOBKY News Topics Econ #s Markets General Benzinga Thu, 28 May 2020 18:56:01 +0000 FreightWaves 16131066 at https://www.benzinga.com Freightonomics: The Housing And Home Improvement Sector's Over-Achievement Driving Optimism For Recovery https://www.benzinga.com/general/topics/20/05/16131067/freightonomics-the-housing-and-home-improvement-sectors-over-achievement-driving-optimism-for-reco <p>Anthony and Zach discuss the surprisingly rapid recovery in the ...</p><p><a href=https://www.benzinga.com/general/topics/20/05/16131067/freightonomics-the-housing-and-home-improvement-sectors-over-achievement-driving-optimism-for-reco alt=Freightonomics: The Housing And Home Improvement Sector&#039;s Over-Achievement Driving Optimism For Recovery>Full story available on Benzinga.com</a></p> Freight Freightonomics Topics Markets Media General Topics Markets Media General Benzinga Thu, 28 May 2020 18:50:43 +0000 FreightWaves 16131067 at https://www.benzinga.com Drilling Deep: Toll Collectors Are Handling A Lot Less Money https://www.benzinga.com/news/20/05/16131068/drilling-deep-toll-collectors-are-handling-a-lot-less-money <p>Tolls on bridges, tunnels and roads are plummeting in the wake of the pandemic. Unlike the broader system of highways whose upkeep is paid for by the rapidly depleting Highway Trust Fund, infrastructure funded by tolls generally has a steady stream of income to keep it in working condition.</p> <p>But that is now threatened by a dramatic ...</p><p><a href=https://www.benzinga.com/news/20/05/16131068/drilling-deep-toll-collectors-are-handling-a-lot-less-money alt=Drilling Deep: Toll Collectors Are Handling A Lot Less Money>Full story available on Benzinga.com</a></p> Covid-19 Drilling Deep Freight News Topics Media General News Topics Media General Benzinga Thu, 28 May 2020 18:46:51 +0000 FreightWaves 16131068 at https://www.benzinga.com Freight Volumes Jump In Front Of Memorial Day – FreightWaves NOW https://www.benzinga.com/news/20/05/16090376/freight-volumes-jump-in-front-of-memorial-day-freightwaves-now <p>Zach Strickland talks about tender lead times heading into the ...</p><p><a href=https://www.benzinga.com/news/20/05/16090376/freight-volumes-jump-in-front-of-memorial-day-freightwaves-now alt=Freight Volumes Jump In Front Of Memorial Day – FreightWaves NOW>Full story available on Benzinga.com</a></p> Freight freight volumes News Topics Media General News Topics Media General Benzinga Thu, 21 May 2020 21:54:48 +0000 FreightWaves 16090376 at https://www.benzinga.com Port Houston 'Famous' For COVID-19 Response https://www.benzinga.com/general/topics/20/05/16090377/port-houston-famous-for-covid-19-response <p>Agriculture Transportation Coalition (AgTC) Executive Director Peter Friedmann said Roger Guenther "became famous" in mid-March when two Port Houston terminals were temporarily closed after an employee tested positive for COVID-19.</p> <p>"Port Houston was the first major port in the United States to get hit by COVID and you all were sort of the guinea pig on how does a port respond. You responded in a way that became kind of the model for the rest of the country," said Friedmann in introducing Guenther, Port Houston&#039;s executive director and a speaker at AgTC&#039;s annual meeting, conducted virtually this week because of the coronavirus pandemic.</p> <p><a href="https://www.freightwaves.com/news/port-houston-closes-two-terminals-after-positive-coronavirus-test">Operations at the Barbours Cut and Bayport container terminals were suspended</a> for about 24 hours after the port authority learned an employee who worked at both facilities had contracted the coronavirus.</p> <p>"We had a little hiccup with some cases early on that, quite frankly, we weren&#039;t ready for, but we were totally transparent in how we dealt with that. We confided and worked with all our brethren ports across the country to make sure we&#039;re all prepared," Guenther said, adding that the situation "allowed us to expedite and set the standards and protocols and procedures to make sure our employees were safe first and foremost ...</p><p><a href=https://www.benzinga.com/general/topics/20/05/16090377/port-houston-famous-for-covid-19-response alt=Port Houston &#039;Famous&#039; For COVID-19 Response>Full story available on Benzinga.com</a></p> Agriculture Transportation Coalition Covid-19 Freight Port Houstin Topics General Topics General Benzinga Thu, 21 May 2020 21:53:10 +0000 FreightWaves 16090377 at https://www.benzinga.com Drilling Deep: A Broker Defends His Industry https://www.benzinga.com/general/topics/20/05/16089186/drilling-deep-a-broker-defends-his-industry <p>Steve Moss is the general manager of DTS Logistics in Montana. He&#039;s heard the fierce criticism drivers are leveling against the 3PL industry as rates fall, with a great deal of blame being placed at the feet of the ...</p><p><a href=https://www.benzinga.com/general/topics/20/05/16089186/drilling-deep-a-broker-defends-his-industry alt=Drilling Deep: A Broker Defends His Industry>Full story available on Benzinga.com</a></p> 3PL Freight Topics Media General Topics Media General Benzinga Thu, 21 May 2020 20:41:41 +0000 FreightWaves 16089186 at https://www.benzinga.com Raises, Loses, And Recruitment – Freight Market Update (With Video) https://www.benzinga.com/news/20/05/16089188/raises-loses-and-recruitment-freight-market-update-with-video <p>On today&#039;s Coronavirus Freight Market Update, Michael Vincent and Kevin Hill are talking about the economic impact that COVID-19 is having on freight and the transportation industry. They cover the latest news and freight flows ...</p><p><a href=https://www.benzinga.com/news/20/05/16089188/raises-loses-and-recruitment-freight-market-update-with-video alt=Raises, Loses, And Recruitment – Freight Market Update (With Video)>Full story available on Benzinga.com</a></p> Coronavirus Freight Market Update Covid-19 Freigh News Topics Media General News Topics Media General Benzinga Thu, 21 May 2020 20:33:57 +0000 FreightWaves 16089188 at https://www.benzinga.com COVID-19 Has Dimmed The Magic Of e-Commerce https://www.benzinga.com/news/20/05/16086797/covid-19-has-dimmed-the-magic-of-e-commerce <p>Unsurprisingly, consumers turned to online shopping more than ever while they faced lockdown measures imposed to lessen the spread of COVID-19. April being the first full month of COVID-19 restrictions in the U.S., digital retail revenue outpaced all previous months on record, according to an industry report from Retail Dive.</p> <p>With overall retail sales having plummeted 16% year-over-year due to store closures, the entire sector has become almost solely reliant on non-store sales, mostly conducted through e-commerce, which has risen 28% on a year-over-year basis. Traffic to these digital storefronts was up 30% year over year and 15% month over month; conversion rates were up 22% year over year and 18% month over month.</p> <p>But the costs of e-commerce are high and while the pandemic certainly provided a boost online retail, it also revealed its weak spots.</p> <h3><strong>Surging sales came at a cost of profits</strong></h3> <p><strong>Amazon.com, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), the &lsquo;winner&#39; of the pandemic when it comes to sales, had to pay quite a cost for this title as the entire forecasted ...</p><p><a href=https://www.benzinga.com/news/20/05/16086797/covid-19-has-dimmed-the-magic-of-e-commerce alt=COVID-19 Has Dimmed The Magic Of e-Commerce>Full story available on Benzinga.com</a></p> AMZN FB HD IAM Newswire News TGT WMT Retail Sales Topics General AMZN US0231351067 HD US4370761029 TGT US87612E1064 WMT US9311421039 FB News Retail Sales Topics General Benzinga Thu, 21 May 2020 19:19:07 +0000 IAM Newswire 16086797 at https://www.benzinga.com Today's Pickup: Ford Reopens Two Facilities, Twice In The Same Week Over COVID-19 Scare https://www.benzinga.com/news/20/05/16088077/todays-pickup-ford-reopens-two-facilities-twice-in-the-same-week-over-covid-19-scare <p>Good day,</p> <p>Ford facilities at Dearborn and Chicago have reopened after closing earlier this week due to a few employees testing positive for COVID-19 on-site. The company said in its statement that the work areas, equipment, team areas, and the pathways were ‘deep-cleaned and disinfected.&#039;</p> <p>The erratic closing and opening of manufacturing and logistics facilities show the difficulty of running operations that require hundreds of personnel to work in close proximity to each other. As the virus continues to spread at a steady pace across the U.S., such instances of infected workers might be a common occurrence for at least a few more weeks. </p> <h3><strong>Did you know?</strong></h3> <p><strong>JPMorgan Chase &amp; Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) forecasts gross domestic product in the U.S. to fall at an annualized rate of 40% in the three months through June, the Eurozone to tumble by 45%, with the U.K. economy expected to contract by 56.7% and Japan by 35%.</p> <h3><strong>Quotable</strong></h3> <p>"There is no single measure that will reduce risk and enable a safe restart ...</p><p><a href=https://www.benzinga.com/news/20/05/16088077/todays-pickup-ford-reopens-two-facilities-twice-in-the-same-week-over-covid-19-scare alt=Today&#039;s Pickup: Ford Reopens Two Facilities, Twice In The Same Week Over COVID-19 Scare>Full story available on Benzinga.com</a></p> Doug Parks FDX Freight GM JPM MSFT News TSLA Topics General MSFT US5949181045 FDX US31428X1063 GM US37045V1008 JPM US46625H1005 TSLA US88160R1014 News Topics General Benzinga Thu, 21 May 2020 19:02:05 +0000 FreightWaves 16088077 at https://www.benzinga.com