FreightWaves LIVE Chicago: Everything you need to know about the year’s hottest FreightTech event Nov. 12-13, FreightWaves will host a FreightWaves LIVE event at McCormick Place in Chicago. As we […]

Acquisition strengthens IAG’s position in South American market

Blockchain as a decentralized and immutable ledger can help stakeholders within fashion supply chains to improve trustability, reduce counterfeit products and increase labor equality across the horizon.

Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.

This white paper explores the pros and cons that companies consider when deciding whether or not to implement dash cameras.

This eBook shares the trends and challenges driving visibility in the supply chain today.

Supply chains are now more susceptible than ever to macroeconomic trends and the rise of consumer expectations in the context of last-mile delivery. To alleviate impact, businesses need to pursue visibility and operational transparency as top priorities.

Hong Kong Stock Exchange-listed ocean carrier Pacific Basin (HK: 2343) will issue US$175 million (approximately HK$1,371 million) of non-amortizing unsecured convertible bonds to boost its balance sheet while growing and renewing its fleet.

Logistics real estate developer ESR Cayman (HK: 01821) roared into public life on Friday when it floated on the Hong Kong Stock Exchange. It was the second-biggest IPO of the year in Asia.

Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.

Craig Fuller, the CEO and founder of FreightWaves, joked that the company could be described as “if Bloomberg and ESPN had a baby in the back of a semi-truck, that would be FreightWaves.”

We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep SONAR users informed, we deliver […]

Signs of the impending transition to electric vehicles continue to gather apace. The authorities in the Western Australian City of Fremantle are trialing an electric garbage truck. “So what?” a […]

What may come as a surprise is the fact reefer load volumes have dropped 5% versus this time last year and have been averaging over 5% lower than 2018 volumes since April according to FreightWaves Reefer Outbound Tender Volume Index, while dry van volumes are up 3%, signaling a trickier Halloween for reefer carriers.

Royal Schiphol Group may acquire controlling interest in Cargonaut

Ben Thrower’s commentary on whether we are approaching “peak car” will make you think about the present and the future…

ItsMyCargo is a German technology startup that is looking to sell software to traditional maritime freight forwarders who can use technology to compete against recently launched digital freight forwarders.

Ben Thrower writes about the positive and negative aspects of precision scheduled railroading in this commentary article.

In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.

The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.

Since today is Halloween, I figured I’d focus on those spooky markets…the ones where volumes have seemingly dried up and you’re forced to deadhead elsewhere or worse keep your truck sitting for far too long while working to find a load. 

Warehouse robotics market expanding quickly

Slight rallies in volumes and rejections not enough to keep power from shifting further towards shippers.

The rise of e-commerce and the evolution of customer expectations on delivery schedules have propelled the last-mile segment to be more reactive to demand and highly digitalized.

Cargo revenue down for 3Q and nine months

Fiat Chrysler and PSA merge to become a €40 billion automaker; global maritime shipping volumes growth slow; OPEC meeting this December to discuss production cuts.

East Coast port expects container volumes to double over next 30 years.

Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.

FreightWaves’ articles now include audio recordings, so you can listen to an article in addition or instead of reading it!

It was close but no goal for the Japanese container shipping company, Ocean Network Express (ONE), which missed its half yearly revenue forecast by $105 million. ONE also missed its profit forecast target by two million dollars. But the company has made a huge turnaround from loss to profit.

Mitsui OSK Lines (MOL) recorded a major drop in revenues in the first half of its financial year as container earnings fell off a cliff and the U.S.-China trade war took its toll. But MOL was able to limit damage to operating profits.

Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were down. But box volumes rose. And analysts are bullish on the stock.

Results mainly driven by higher deliveries, a favorable mix and foreign exchange rate development

The maritime sector, which is undergoing profound changes, will be spotlighted at the upcoming FreightWaves LIVE event.

ElasticRun is an Indian logistics startup that connects convenience stores within specific regions and relays goods between them based on demand and lull times.

Backers seek to put ballot initiative to state voters with aim to redefine independent contractor drivers.

Platform addresses lack of delivery options in the Philippines

Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.

Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.

French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.

Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr – the most powerful storm ever in that sea-space. However, local sources advise that shipping through a globally critical oil chokepoint, the Strait of Hormuz, is unaffected.

Hutchison Port Holdings Trust (SGX: NS8U), a Singapore Stock Exchange-listed container terminal operator active in Hong Kong and mainland China, has reported a small decline in unaudited revenues for the nine months to September. That led to a 5% fall in profit after tax.

Hong Kong Stock Exchange-listed ocean container carrier SITC (HKEX: 01308) has reported increases in its unaudited third-quarter results despite a global trade slowdown and the China-U.S. trade war. SITC’s container revenues and volumes have both increased.

As those California fires have intensified, they’ve started to have a real effect on the freight markets.

Business is “Amazon-proof”

World’s largest shipping line teams up with major customers in test of carbon-neutral fuel.

Oil and gas price forecasts were cut by major banks for 2020; global economic slowdown has hit steel production; Volkswagen looks to commercialize autonomous vehicles by 2025.

EKA Solutions, Inc., provider of a cloud-based freight integration ecosystem platform, announced today that it has launched its Enterprise Broker Omni-TMS® solution. This transformational new software solution completes the EKA […]

InstaFreight is a digital forwarding company that enables seamless logistics and provides shippers with greater visibility into road freight movement.

CEVA Logistics, the third-party logistics subsidiary purchased by the French shipping giant in April, will cross-sell and share warehousing with Wing.

Fewer cargoes, lower freight rates, higher fuel costs and the consequences of operating a smaller fleet during a time of a slowdown in world trade has led intra-Asia specialist, Samudera Shipping (SGX: S56 / SAMU.SI), to report a net loss for the third quarter of the year.

Poor navigation and poor “bridge resource management” were the cause of the Maersk container ship, the Leda Maersk, running aground in a New Zealand harbor channel during fair weather.

Growing source of U.S. containerized goods imposes navigation restrictions due to sunken boxship.

Struggling flag carrier seeks to offload strategic stake

Expansion of airport is key component of the Qatar Airways expansion plan

The U.K. was scheduled to leave the EU on October 31, but now has until January 31, 2020 to get a deal approved by Parliament.

Austin, Texas-based centralized freight platform Shipwell raised $35 million of venture capital funding from a consortium of investors led by Georgian Partners of Toronto, Canada.

New features have been added to FreightWaves SONAR. Learn about them here!

Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.

The issue of driver turnover has plagued the industry for decades and, it seems to me, that trucking companies should have made better progress in bringing it under control.

Foreign exchange expenses, Hong Kong unrest and trade war impact freight revenue

With spot container freight rates continuing to tumble, carriers are forecast to withdraw more capacity ahead of annual contract negotiations with shippers.

Marine transportation outperforms as barging gets back to normal, but other units struggling.

Carrier reports record operating and unit revenues

Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of impropriety and asserts J Capital is simply “wrong.”

South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.

Drive My Way CEO also advises attendees at the Women In Trucking conference to use woman-to-woman messaging.

Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.

Logistics investments are core assets for Norwegian oil fund

The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.

Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.

Container ship lessor says charter rates on larger vessels is improving as supply falls.

Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.

A fatal crash involving a commercial driver has led to a U.S. Department of Transportation (DOT) audit of the Federal Motor Carrier Safety Administration’s (FMCSA) oversight of state driver licensing agencies.

Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.

Venture capital investment in the logistics sector has seen a steady rise in the last decade and shows no signs of abating in the near future.

U.K. police are investigating whether human trafficking gangs were behind the deaths after 25-year old driver is arrested on suspicion of murder.

Tie-up offers more options between Europe and China

The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.

Aggressive action by Indonesia’s marine police is putting pressure on Southeast Asian pirates and the number of local attacks is falling, the crime-fighting International Maritime Bureau has reported.

Hyundai Motor Co. is expanding its fuel cell ambitions to heavy-duty trucks and trailers with a pair of concepts for next week’s North American Commercial Vehicle show in Atlanta.

Privatization effort in 2018 failed to attract a single bidder

HaulHub is a logistics startup in the aggregate and asphalt industry that helps producers, carriers and construction crews collaborate together over a centralized platform.

The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.

Freight flows in and out of Japan may again be disrupted owing to the presence of ex-Typhoon Neoguri, located to the south east of Osaka, which is dumping huge amounts of rain onto a waterlogged Japan. Meanwhile, out in the far reaches of the Philippine Sea, near the Guam island group, Typhoon Bualoi is also lining up to threaten Japan.

Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.

AB Volvo (OTC: VLVLY) reported higher third-quarter profits and sales on Friday, October 18. But it warned that orders for new trucks in North America and Europe continue to decline and a strike at its Mack Trucks unit could pinch profits depending how long it lasts.

Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.

Flytrex is an Israeli on-demand small payload drone delivery company that will be delivering products ordered online straight to the consumers’ house.

France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.

IBM Food Trust platform is collaborating with Raw Seafoods to use blockchain to create visibility within the seafood supply chain, starting with scallops fished in the Atlantic.

Air cargo charter operations are unusual in India