Freight: Page 50
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Kansas City Southern doubles down on PSR to deal with coronavirus 'curveball'
An even more aggressive focus on efficiency will get Kansas City Southern through the COVID-19 crisis, which hit the automotive industry — a particularly important customer segment — hard and early, executives said.
By Emma Cosgrove • April 20, 2020 -
UPS adds more than 200 flights in April for US, Europe coronavirus relief
The move follows FedEx's announcement of 150 additional flights for COVID-19 relief in April.
By S.L. Fuller • April 17, 2020 -
FAA offers safety guidance for passenger planes ferrying cargo
Global air cargo supply relies heavily on the belly space of passenger planes and with the vast majority of commercial flights canceled, the industry has lost capacity and demand is high.
By Emma Cosgrove • April 17, 2020 -
Low April shipment volumes could rival early 2009, Cass says
Shipper spending on transport fell 8% in March, and Cass said it expects transport pricing to remain low through May.
By S.L. Fuller • April 15, 2020 -
JB Hunt says shippers' ability to pay is big risk in Q2
Volume may have reached its peak in March, according to DAT, and as trucking demand declines, so do some shipper revenues.
By Emma Cosgrove • April 15, 2020 -
FedEx adds 150 flights in April to shuttle PPE from Asia to the US
The carrier plans to redeploy aircraft it had parked, according to Bloomberg. FedEx has been cutting airfreight capacity since September.
By S.L. Fuller • April 13, 2020 -
MSC confirms malware attack, site comes back online
Cargo continued to flow throughout the outage, and terminals operated without disruption, MSC said.
By Shefali Kapadia • Updated April 15, 2020 -
WTO: 2020 trade levels could rival Great Depression
Optimistically, global trade would decline by 13% year over year. In a pessimistic outlook, the decline is 32% or more.
By S.L. Fuller • April 9, 2020 -
CMA CGM offers container storage to shippers navigating port congestion
The "Delay in Transit" offering, meant to reduce warehousing cost, is available globally with container storage happening at multiple hubs around the world based on trade lanes.
By Matt Leonard • April 9, 2020 -
Extended truck dwell times spike late loads by 24%
Delays at facilities and warehouses show shippers are incapable of meeting demand spikes for food and packaged goods, according to a FourKites' CTO.
By Jim Stinson • April 8, 2020 -
NRF: March import volume expected to hit 5-year low
The Port of Long Beach, one of the only ports to have already reported its March numbers, saw a 5% decline in volume that it blamed on 19 blank sailings during the first quarter of 2020.
By Matt Leonard • April 8, 2020 -
Blank sailings, idle automotive manufacturing hit March rail volume
Recent SEC filings from Norfolk Southern, Union Pacific and CSX suggest the pandemic's effect on rail operations and financial performance "could be material."
By Matt Leonard • April 7, 2020 -
Global air cargo capacity falls for first time in 3 years
Freight capacity fell 4.4% year-over-year in February driven mostly by cancellations from airlines in the Asia Pacific region.
By Matt Leonard • April 6, 2020 -
The image by Tom Thai/Flickr is licensed under CC BY 2.0 / Edited by Michelle Rock/Supply Chain Dive
How the CARES Act will affect supply chains
The law offers financial relief to businesses weathering COVID-19 disruption and attempts to keep freight and last-mile cargo moving.
By Morgan Forde • April 1, 2020 -
FMC creates teams to address coronavirus-related cargo challenges
The agency took a similar approach in 2016, partnering with representatives from port authorities, terminal operators, longshore labor, rail and other stakeholders.
By Matt Leonard • April 1, 2020 -
2M Alliance announces blank sailings on 21% on Asia-Europe trade
MSC will create a seasonal blank sailing program to match shrinking market demand due to the coronavirus.
By Matt Leonard • March 30, 2020 -
Ocean carriers blank sailings on Transpacific, European routes as importer demand drops
Maersk announced three new blank sailings this week that would have served trade on European, Mediterranean and Transpacific routes.
By Matt Leonard • March 27, 2020 -
CSX says leaner operations, more tech will help reduce emissions 37% by 2030
The railroad seeks to meet this target by employing technology and operational strategies to increase fuel efficiency.
By Emma Cosgrove • March 26, 2020 -
United, American Airlines begin cargo-only flights as rates double between Europe and US
As the number of global consumer flights dwindles, so does a large slice of the global airfreight capacity that existed in the belly of those passenger planes.
By Emma Cosgrove • March 23, 2020 -
Moody's: Transport faces 'high exposure' to COVID-19 disruption
A slump in cargo demand or viral outbreak among drivers puts trucking at risk.
By Shefali Kapadia • March 20, 2020 -
XPO ends spinoff strategy in light of COVID-19 outbreak
CEO Brad Jacobs' January announcement that he would consider selling off parts of the business was a sign trucking M&A was healthy, but world events have conspired against further plans.
By Jim Stinson • March 20, 2020 -
DHL Global Forwarding declares force majeure, reserving the right to modify services
The group said all aspects of the ocean and air supply chains are "impossible to predict or control" in the current COVID-19 pandemic situation.
By Emma Cosgrove • March 20, 2020 -
Ports shift operations, hours in coronavirus response
The Georgia Port Authority said it is temporarily suspending Saturday truck gate hours while Port Houston is reopening two terminals after an employee tested positive for COVID-19.
By Matt Leonard • Updated March 25, 2020 -
Maersk rolls out 'door-to-door' cargo insurance product
The insurance will cover loss or damage during end-to-end transportation of cargo, regardless of transport supplier.
By Morgan Forde • March 19, 2020 -
Trucking demand surges as retailers restock
Analysts said demand spikes and spot rate increases are "directly attributable" to the COVID-19 outbreak as retailers attempt to restock depleted stores.
By Matt Leonard • March 17, 2020