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U.S. hydrogen hubs receive $7B in funding

Author: Krystyna Shchedrina - Published 2023-10-13 13:48 - (137 Reads)

Seven regional clean hydrogen hubs in the U.S. will receive US$7 billion in funding to help accelerate the domestic market for low-cost, clean hydrogen. The funding announced by the White House …

Terminal, port infrastructure projects find public, private partners

Author: Joanna Marsh - Published 2022-10-30 10:00 - (122 Reads)

Last week saw a number of updates on port infrastructure funding and terminal project statuses.
The post Terminal, port infrastructure projects find public, private partners appeared first on FreightWaves.

Borderlands: $83M bridge expansion targets expanding Mexico trade

Author: Noi Mahoney - Published 2022-10-30 07:00 - (132 Reads)

This week in Borderlands: $83M bridge expansion project targets expanding Mexico trade; Volkswagen invests $763M in its Mexico plant; Texas border checkpoint receives $165M for expansion; and the Port of Harlingen awarded grant to improve dock.
The post Borderlands: $83M bridge expansion targets expanding Mexico trade appeared first on FreightWaves.

Carriers will become own worst enemy as demand declines

Author: Zach Strickland, FW Market Expert & Market Analyst - Published 2022-10-29 20:30 - (148 Reads)

Truckload contract rates have slowed their descent after a quick drop in August. What should we make of this as demand continues to ease?
The post Carriers will become own worst enemy as demand declines appeared first on FreightWaves.

Trucking costs could stifle Biden’s off-site container storage plan

Author: John Gallagher - Published 2022-10-28 17:58 - (126 Reads)

DOT should consider trucking and other supply chain costs in its push to expand off-site and inland container facilities, transportation executives caution.
The post Trucking costs could stifle Biden’s off-site container storage plan appeared first on FreightWaves.

Air Canada cargo business hurt by aircraft mix, Asia weakness

Author: Eric Kulisch - Published 2022-10-28 17:40 - (137 Reads)

Air Canada has extra cargo capacity thanks to its first freighters, but that didn’t prevent a 23% fall in cargo revenue in the third quarter.
The post Air Canada cargo business hurt by aircraft mix, Asia weakness appeared first on FreightWaves.

Daimler Truck expects higher profit on better business conditions

Author: Alan Adler - Published 2022-10-28 16:24 - (131 Reads)

Daimler Truck now thinks it will earn more money in 2022 because parts shortages are improving and its backlog-to-build schedule is shrinking.
The post Daimler Truck expects higher profit on better business conditions appeared first on FreightWaves.

Over 300 trade groups press White House to avoid potential rail strike

Author: Joanna Marsh - Published 2022-10-28 16:09 - (129 Reads)

Concerns that not all of the unions will agree to ratify their labor agreements have caused rail shippers and other transportation industry stakeholders to push President Joe Biden to act.
The post Over 300 trade groups press White House to avoid potential rail strike appeared first on FreightWaves.

Gasoline Prices Are Rising Again as Big Oil Profits Soar

Author: Chunzi Xu - Published 2022-10-28 16:08 - (131 Reads)

U.S. gasoline prices are on the rise for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil’s massive profits.

Ruan acquires Michigan-based dedicated carrier NTB

Author: Todd Maiden - Published 2022-10-28 15:51 - (144 Reads)

Ruan announced the acquisition of Michigan-based regional carrier NTB on Friday.
The post Ruan acquires Michigan-based dedicated carrier NTB appeared first on FreightWaves.

SONAR Sightings: New Jersey volumes don’t feel import drop; Detroit rejections plunge to lowest on record

Author: Corey Smith - Published 2022-10-28 15:37 - (131 Reads)

Truckload volumes in Elizabeth, New Jersey, are still rising after a boost in imports last week, but that will likely change in the days ahead. Detroit’s volume boom went bust, bringing reactions to their lowest on record since 2018.
The post SONAR Sightings: New Jersey volumes don’t feel import drop; Detroit rejections plunge to lowest on record appeared first on FreightWaves.

Shorter bid cycles offer better rates in every market

Author: Ashley Coker - Published 2022-10-28 15:15 - (127 Reads)

While shorter bid cycles can prove especially valuable during market shifts, it’s important to remember that freight markets are characterized by their volatility.
The post Shorter bid cycles offer better rates in every market appeared first on FreightWaves.

Clarience Introduces New Fleet Management Platform

Author: Connor D. Wolf - Published 2022-10-28 14:55 - (143 Reads)

SAN DIEGO — Road Ready, a brand of Clarience Technologies, introduced a new fleet management platform that leverages application programming interface techniques to enable the integration and exchange of data.

Bridging Border Barriers to offer insight into truckload issues

Author: Today's Trucking Staff - Published 2022-10-28 14:46 - (137 Reads)

Transportation executives will discuss current and potential cross-border issues facing the truckload industry at the Truckload Carriers Association’s (TCA) Bridging Border Barriers conference coming to Mississauga, Ont. Dave Dietrich, vice-president of people and culture, Erb Transport; Brian Taylor, president, Liberty Linehaul; and Craig Germain, COO, XTL Transport will discuss recruiting and retention, in a panel …