Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.
Freight tonnage will grow 25.6 percent by the end of the next decade, the American Trucking Associations (ATA) predicts in its annual ATA Freight Transportation Forecast: 2019 to 2030.
Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California. Industry professionals said the longer wait times are […]
Sanguine outlook could flip, but retailers look well stocked ahead of peak season.
Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…
Concerns about the port automation has sparked studies by the Port of Long Beach and other California agencies.
VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.
The U.S. Justice Department said American Airlines has agreed to pay a $22.1 million civil penalty to resolve allegations that it falsely reported the times it transferred U.S. mail to foreign postal services.
ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
Women In Trucking will honor transportation firms at its Accelerate! Conference & Expo.
The next global recession would have a different impact on ocean shipping markets than the 2008-09 financial crisis.
Import volumes see best month in 2019, but year-to-date still lower.
Napier Port, located in Hawke’s Bay on the North Island of New Zealand, has begun trading on the New Zealand Stock Exchange (NZH) at an offer price of N$2.60 (US$0.64), raising NZ$234 million (US$149.94 million).
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
The Office of the U.S. Trade Representative is requesting written comments identifying online and physical markets to be considered for inclusion in USTR’s 2019 Notorious Markets List, the agency said. […]
If theres going to be an exception for trucking, its going to be next year or through the courts.
A new app aims to streamline household moves, plus China shipping empty containers to Europe and air cargo volumes drop again.
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.
The world’s biggest coal port moves forward with US$500 million plans to import LNG into Australia… which is the world’s biggest LNG export nation.
A Chicago startup has proposed using crane rails to move containers in and out of terminals to ease congestion in the era of mega-ships.
DryShips and Teekay Offshore are going private. With share valuations weak, others could follow suit.
New guidelines highlight vessel safety issues for project developers.
The on-again, off-again trade war between the U.S. and China is a great threat to commercial vehicle forecasts, already buffeted by too many trucks and slowing freight growth.
Maersk says technology is core to its vision and wants more of its 6,000-strong IT workforce to be direct employees and not contractors.
Former communications director will be the first female to lead the Washington state port.
The UN Conference of Trade and Development released a study that reveals who’s at the top of the commercial maritime world—ranked based on connectivity to other ports.
Velodyne has filed patent infringement claims that its rotating 3D LiDAR technology was copied by Chinese companies Hesai and RoboSense.
The new IMO regulation reducing ships’ sulfur oxide emissions aims to improve the health of the environment and human population, especially near coasts and ports. This also means increased costs and a shift in strategies for maritime shippers. A panel at the Edge 2019 conference will explore these regulations and their predicted effect on logistics.
Move to non-tariff sources means switching ports, intermodal executives say.d
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more […]
The trade war with China has altered international shipping patterns, which has started to shift freight volumes to the East Coast.
U.S. Customs and Border Protection systems at airports nationwide encountered an unexpected outage Friday afternoon, leaving passengers waiting in extremely long lines, according to multiple news outlets. “CBP is experiencing […]
Customs and Border Protection late this month will start live testing for blockchain’s applicability to intellectual property rights (IPR) enforcement, according to a document posted online in preparation for the […]
Time-charter rates can offer a clearer view on future sentiment than headline-grabbing spot rates.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
American Trucking Associations (ATA) praised the fact that 53-foot intermodal containers won’t be subject to the next round of Section 301 tariffs on China. The Office of the U.S. Trade […]
FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announces the start of the nomination process for the 2020 FreightTech 100 Awards. […]
Rupert Hogg, CEO, and Paul Loo, Chief Customer and Commercial Officer, have both quit their jobs at Cathay Pacific. The company has appointed two replacements.
Canada’s largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
Competition from other grain-producing countries weigh on U.S. grain exports – and on U.S. rail volumes for grain.
Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.
The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”
West Coast sees slower import volumes as service changes and market downturn take toll.
Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up for hours, said officials in […]
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.
Asia-U.S. container rates are still not showing peak-season strength, but optimism remains.
The Bureau of Industry and Security (BIS) is seeking public comment on the commercial impacts of the proposed addition of five chemical families to Schedule 1 of the “Annex on […]
Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.
Editor’s note: The opinions expressed in this commentary are those of John McCown and not American Shipper or FreightWaves. The Cato Institute took issue with my recent commentary on the […]
Transfix chief operating officer Lily Shen has added president to her title. The digital freight marketplace announced Shen’s promotion on August 14. Prior to joining New York City-based Transfix about […]
Hyundai Merchant Marine, South Korea’s largest container carrier, said it had a smaller loss in the second quarter this year than in the same period in 2018.
Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?
Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.
The announcements confirming Canada’s planned investments in rail infrastructure come as the country prepares for a federal election in October.
Multi-modal data and channel checks with freight brokers point to a good setup for peak season.
Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.
Amazon nears U.S. release for Prime Air drone deliveries.
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a […]
But Japan’s biggest shipping line looks to restart Long Beach service after summer hiatus.
Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.
Japanese gas explorer, prospector and transporter INPEX (JPX: 1605), which is listed on the Tokyo Stock Exchange, announced a solid upswing in revenues, operating income and net income.
A container fire aboard the APL LeHavre comes as many liner companies are cracking down on misdeclared cargo.
Third-party logistics provider aims to grow presence in its West Coast markets.
Shifting rules at marine terminals pose challenge to drayage.
Learn about the six most common reasons cargo gets delayed during the customs process.
Barbara Spector Yeninas had the moxie to launch a business serving the male-dominated maritime industry 45 years ago. That determination has kept her going for more than four decades, although these days she’s wearing sneakers instead of stilettos.
Continued cancellations could have a marked impact on air cargo.
Canadian government to invest C$18.5 million for logistics system, bridge, signs and “intelligent” communications to boost flow of trucks as part of a broader effort to improve trade infrastructure.
Third busiest U.S. port prods carriers and owner-operators to use low- and zero-emissions trucks.
CSX and Canadian National’s partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to expand each other’s geographical reach and compete with the long-haul trucking market.
Shipping and packages remained lone financial bright spot in latest quarter.
Chinese tariffs are impacting American agriculture. But declines in exports to other countries are also hurting American agriculture.
Many of north-east Asia’s mega ports are directly in the path of two super-typhoons. The first is about to blow in from the Pacific and will make landfall within the next few hours.
China’s ports are the most connected ports in the whole world, mega-study reveals. Ports elsewhere in Asia flesh out the top twenty. U.S. ports don’t make an appearance until way down the list.
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
Promises package deliveries up to 5 lbs. within 30 minutes.
Dry-bulk shipping firm pushes up dry docking to fit in with scrubber installations.
Gebrüder Weiss announced Aug. 8 that Heinz Senger-Weiss, managing director of the Air & Sea division, is resigning at the end of the year “for personal reasons” and that it […]
Matson, the largest U.S. domestic container carrier, said it is lowering its operating income projection for 2019, citing lower container volumes to Hawaii.
In partnership with Slync… learn about how predictive exception management can keep freight flowing smoothly.
A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.
New CEO at Los Angeles container terminal treats trucking as a customer
Southern California drayage and logistics firm looks to add to customer base with deal.
Agency will not comment on new publication date until review is finalized.
Seaspan says high demand for containerships has shielded it from the U.S.-China trade war.
FMC Commissioner Rebecca Dye is scheduled to deliver her demurrage and detention recommendations to her fellow commissioners on Sept. 3.
FreightBro is a digital enabler that helps digitalize and automate several manual operations within the shipping industry, tailored to suit small- and mid-tier freight forwarders.
Hapag-Lloyd says it outlook for the second half of 2019 is unchanged even if it has to deal with more trade restrictions.
Chinese port throughput volumes (all cargoes) for the first half of 2019 are up 7.3 percent compared to the first half of last year, according to the latest official Chinese data. First half 2019 foreign cargo volumes through China rose 2.5 percent compared to the prior corresponding period. And box throughput rose 5.1 percent. Read on to find out more!
Deutsche Post DHL posts single-digit revenue, profit gains, lifts low end of full-year earnings view
U.S. Customs and Border Protection marks the 230th anniversary of the first customs processing of a ship in the new United States.
North Asia revenues were down 8.5 percent, but EXPD improved productivity.
Jim Blaze writes about the recent history of intermodal rail service and what may happen in the next few years.
CARB is making $40 million available in the form of vouchers to reduce emissions. Eligible equipment includes everything from rubber-tired gantry cranes, to airport cargo loaders to truck and trailer refrigeration units.
Top 10 intermodal company in the U.S. looks to broker to for drayage supply.
Escalations in trade tensions between the U.S. and China could discourage containership owners from ordering new ships.
