Intermodal

News from the intermodal freight transportation industry.

AAR statement on the passing of Larry Willis

AJOT | November 30, 2020 | Intermodal | Rail

https://www.ajot.com/images/uploads/article/Averitt_Savannah_Facility.jpg

Retailer PVH Corp. honors Averitt with Leaders in Service Award

AJOT | November 30, 2020 | Intermodal | Trucking

Averitt Express has been honored by American clothing company PVH Corp. (PVH) with its 2019 Leaders in Service award. Known for its long line of major clothing brands such as Van Heusen, Tommy Hilfiger, and Calvin Klein, PVH selected Averitt as a recipient of this year’s award as a result of the transportation and logistics provider’s ability to meet and exceed operational goals, including on-time performance.

https://www.ajot.com/images/uploads/article/1000x-1_47.jpg

Nikola tumbles after plans scrapped with GM

Bloomberg | November 30, 2020 | Intermodal | Trucking

General Motors Co. scaled back a partnership with clean-energy trucking startup Nikola Corp., scrapping a tentative deal to jointly build an electric pickup truck and replacing it with a non-binding agreement to supply hydrogen-fuel technology.

South African buyout firms take equity in Zimbabwe border post

Bloomberg | November 30, 2020 | Intermodal | Trucking

https://www.ajot.com/images/uploads/article/Real_Consumer_Expenditures_11-25-20.png

CV demand reaping rewards of COVID-related services-to-goods substitution

AJOT | November 25, 2020 | Intermodal | Trucking

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported even before the pandemic plunge in Q2, there was never serious doubt that the demand for commercial vehicles would rise in 2021.

https://www.ajot.com/images/uploads/article/image001_16.jpg

Automated trucks market players eyelucrative opportunities as investment in automation grow: Fact.MR

AJOT | November 25, 2020 | Intermodal | Trucking

The innovation in automated trucks has made it possible to transport goods and materials without manual support. The technology is hailed by the automotive sector since it has helped them in significantly curbing the risk of accidents caused due to negligence. Automated trucks also are considered an environment-friendly option for transporting goods since they use gas and energy in lesser volume.

USPack doubles network capacity to help key retail partners scale for unprecedented peak delivery season

AJOT | November 25, 2020 | Intermodal | Trucking

Rail traffic for the week ending November 21, 2020

AJOT | November 25, 2020 | Intermodal | Rail

Redflex finalizes asset purchase agreement for RoadMetric, a leader in traffic management machine vision and artificial intelligence

AJOT | November 25, 2020 | Intermodal | Trucking

FedEx, UPS can’t get enough vans to keep up with delivery rush

Intermodal

Bloomberg | Top Story | November 25, 2020

FedEx, UPS can’t get enough vans to keep up with delivery rush

FedEx Corp. and United Parcel Service Inc. are running into a shortage of delivery vans, prompting a surprise cost squeeze that’s cutting into profits during a record surge in package volumes.

Emirates sees 2022 return of Jumbo A380s as travel recovers

Bloomberg | November 25, 2020 | Air Cargo | Airlines | Intermodal

https://www.ajot.com/images/uploads/article/image010_6.jpg

Truckers get more help on safe parking

AJOT | November 24, 2020 | Intermodal | Trucking

Motorway Buddy, the app to assist road hauliers and drivers to accurately plan their overnight parking, has been enhanced with UK police-sourced theft and vehicle interference data to identify safer parking options.

Proven accuracy at high speeds

AJOT | November 24, 2020 | Intermodal | Trucking

https://www.ajot.com/images/uploads/article/11_24_20_--_Tonnage_Graphic.jpg

ATA truck tonnage index fell 6.3% in October

AJOT | November 24, 2020 | Intermodal | Trucking

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 6.3% in October after gaining 5.7% in September. In October, the index equaled 106.8 (2015=100) compared with 114 in September.

SoftBank-led round values Uber-like truck startup at $12 billion

Intermodal

Bloomberg | Top Story | November 23, 2020

SoftBank-led round values Uber-like truck startup at $12 billion

Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering.

https://www.ajot.com/images/uploads/article/Averitt-Express-Laredo-Distribution-Center.jpg

Averitt expands North America services with Laredo Distribution Center

AJOT | November 23, 2020 | Intermodal | Trucking

Averitt Express has expanded its facility in Laredo, TX with the addition of 35,000-sq.-ft of distribution and fulfillment space. The expansion increases the company’s ability to provide a wider array of supply chain services to customers that move freight through the continent’s busiest trade port with Mexico.

https://www.ajot.com/images/uploads/article/For-Hire_Supply-Demand_11-23-20.png

ACT research For-Hire Trucking Index highlights tght supply-demand balance

AJOT | November 23, 2020 | Intermodal | Trucking

The latest release of ACT’s For-Hire Trucking Index, with October data, showed a second consecutive month of record tightness. October’s Volume Index was flat at 70.7 (SA), while Pricing dropped two points to 69.2, but still a top-decile result. With capacity and driver availability in contraction territory, at 45.8 and 28.6, respectively, the combination of strong demand and tight supply pushed the Supply-Demand Balance to its tightest level in survey history, now at 74.9.

Teetering airlines will struggle to outlast wait for vaccine

Bloomberg | November 23, 2020 | Air Cargo | Airlines | Intermodal

Biden bump for infrastructure imperiled by Trump election fight

Intermodal

Bloomberg | Top Story | November 23, 2020

Biden bump for infrastructure imperiled by Trump election fight

Union leaders and transportation advocates have looked to President-elect Joe Biden and his former Senate colleague Mitch McConnell for possible action next year on a major infrastructure package.