Freight

General Motors Co. (NYSE: GM) is planning an electric delivery van, adding to the list of carmakers and startups planning vehicles for the last-mile delivery segment, according to a Reuters report.   The GM electric van is code-named BV1, the report stated, and is due to go into production in...

On today's Midday Market Update, Michael Vincent and Kevin Hill are talking about the SONAR powered data, issues, and news that moves you.  On this episode they're joined by Jason Miller, Associate Professor of Logistics, Eli Broad College of Business, Michigan State University;  Ruthie Amaru,...

Navistar International Corp. (NYSE: NAV) second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter. For Navistar, things likely will get worse in its third quarter,...

Zach Strickland compares current spot rates to last year's rates in the Carrier Update presented by PowerFleet and Mike Baudendistel examines the LAX-DAL intermodal lane in the Rail and Intermodal Update.

The number of trucks crossing the U.S.-Canada border reached its highest level since late March, Canada Border Services Agency (CBSA) data shows. Nearly 86,000 truckers entered Canada from the U.S. during the week ending May 31. That represents a decline of almost 22% compared to a year ago, the...

Good day, 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...

In a filing with the U.S. Securities and Exchange Commission, ArcBest Corp. (NASDAQ: ARCB) reported sequential improvement during the month of May, supportive of recent industry commentary suggesting that the less-than-truckload (LTL) market may have bottomed in April. The Fort Smith, Arkansas-...

Less than two weeks after United Parcel Service, Inc. (NASDAQ: UPS) posted surcharges on all types of delivery, FedEx Corporation (NYSE: FDX) has followed suit. In a late announcement on June 3, FedEx rolled out several different types of surcharges, depending on the type of shipment. The...

Anthony and Zach discuss what to make of the subtle increase for the May PMI and orders, while domestic freight volumes surge. Also, produce season pushes agricultural rates over 2019.

Despite double-digit percentage drops in May, U.S. rail volumes on a weekly basis have been narrowing their declines over the same periods in 2019 as North America slowly opens up following COVID-19 pandemic closures. Weekly U.S. rail traffic totaled 395,714 carloads and intermodal units for the...

THE Alliance and 2M have canceled 75 sailings scheduled for the third quarter. In a joint announcement, THE Alliance — Hapag-Lloyd Aktiengesellschaft (OTC: HPGLY), HMM, Ocean Network Express and Yang Ming — said Wednesday that it will continue to have blanked sailings through September at least....

Navistar International Corp. (NYSE: NAV) reported a $38 million loss in its fiscal second quarter because of production suspensions and supply chain issues related to the COVID-19 pandemic. The loss was narrower than the $48 million in red ink reported a year ago when the truck maker took a $159...

On today's episode, Dooner and Hill are talking about the sales lessons learned from the hit docuseries "The Last Dance" about the Michael Jordan-era Chicago Bulls.  They're joined by special guest Trey Griggs, global director of sales, Hubtek. Plus, listener feedback, advice and community...

Canadian Pacific Railway Ltd (NYSE: CP) and CN (NYSE: CNI) beat previous records for grain volumes hauled in May despite the coronavirus pandemic. CP hauled 2.8 million metric tonnes (MMT) of Canadian grain and grain products in May, beating a previous record set in May 2014 by more than 300,000...

Flanked by stacks of boxes containing 200,000 respirator face masks, Los Angeles Mayor Eric Garcetti said CMA CGM's donation "reflects the power of partnerships." Garcetti thanked the French ocean carrier for the gift of the face masks to Logistics Victory Los Angeles at the Port of LA last week....