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Knight-Swift to open 32 LTL terminals in 2024, expanding super-regional network The transportation holding company has set a multi-year “medium-term” LTL revenue target of $2 billion, nearly double its 2023 LTL revenue. Knight-Swift to open 32 LTL terminals in 2024, expanding super-regional network Journal of Commerce

Shippers won’t see intermodal contract hikes until 2025: Hub Group The intermodal provider has become more aggressive in pricing with shippers this year, jockeying with competitors for market share by lowering contractual rates for a second consecutive year. Shippers won’t see intermodal contract hikes until 2025: Hub Group Journal of Commerce

Net-zero bill boosts Europe’s decarbonization efforts for shipping The legislation adds advanced biofuels and e-fuels to a list of clean energy supported by the EU, which shipowners regard as a crucial step towards meeting the industry’s alternative fuel needs of the future. Net-zero bill boosts Europe’s decarbonization efforts for shipping Journal of Commerce

Breakbulk24: Pressure on capacity will shrink MPV/HL fleet: carriers Roughly one-third of the multipurpose and heavy-lift fleet is in position to be scrapped, while the industry demands larger vessels and carriers weigh which type of fuel will rule the day. Breakbulk24: Pressure on capacity will shrink MPV/HL fleet: carriers Journal of Commerce

Knight-Swift girds truckload operations, awaits ‘catalyst’ for market upturn Cost and pricing pressures are tightening truckload margins, but Knight-Swift CEO Adam Miller sees supply and demand getting “closer to a balance.” Knight-Swift girds truckload operations, awaits ‘catalyst’ for market upturn Journal of Commerce

Breakbulk24: Shipping should watch for impact of elections on climate rules: S&P The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told Thursday. Breakbulk24: Shipping should watch for impact of elections on climate rules: S&P Journal of Commerce

ODFL steers steadily toward LTL revival, citing manufacturing gains The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improved freight demand. ODFL steers steadily toward LTL revival, citing manufacturing gains Journal of Commerce

Rate slide slows on Asia-Europe ocean trade, with hefty hikes set for May But major forwarders do not expect the Red Sea ship diversions to provide any meaningful lift in Asia-Europe rates beyond the second quarter. Rate slide slows on Asia-Europe ocean trade, with hefty hikes set for May Journal of Commerce

Opinions mixed on potential for disruption as ILA contract deadline inches closer The risk of a strike along the East and Gulf coasts stems from the ILA believing it is entitled to a fair share of the ocean carriers’ pandemic windfall of over $400 billion, as estimated by one industry analyst. Opinions mixed on potential […]

US freight recovery ‘likely within couple of months’: ACT Research With Class 8 truck orders dropping, ACT Research believes rising US freight demand will hit tightening truck capacity sooner rather than later. US freight recovery ‘likely within couple of months’: ACT Research Journal of Commerce