Sixth largest container shipping firm cites Asian demand for fresh food as prompting the move.
Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?
Staying on top of repair and maintenance is one of the most important elements in securing your truck’s lifespan.
How tariffs played a role in Amazon deforestation.
As a medium of shared mobility. e-scooters are finding wider acceptance in Germany, but it is yet to be seen if they can decrease street traffic.
Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.
The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant
TruckIT connects dump truck supply with demand through its marketplace, which helps contractors to plan their needs better and truckers to make more money in the process.
The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.
Maersk, Hapag-Lloyd, HMM and OOCL have announced plans to impose penalties on shippers.
Hurricane Dorian’s approach upward along the U.S. Southeast coast will shutter maritime and rail assets throughout the region during the week. Dorian was located just 100 miles off the Florida […]
The Road Ahead: Why Logistics Providers Are Automating Costly Manual Processes
How Robotic Process Automation Drives Efficiencies and Improves Operations
In logistics, the pressure to stay competitive and grow your business is fierce. Robotic Process Automation (RPA) can give your business the extra boost it needs by automating repetitive, manual tasks so workers are free to focus on more strategic tasks. Read this eBook to learn how RPA eliminates manual tasks and increases efficiency in three of your essential business areas: shipment and scheduling; invoicing and credit collections; and capturing, researching and closing outloads.
A sewage truck met a watery end in New South Wales; regulators in NSW have improved port access; National Transport Commission overhauls assurance framework; ATA wants truck drivers to be treated humanely; and K&S announces profit slump and sale of Regal General Freight.
Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.
Ship traffic has not yet halted, but vessels warned to find shelter away from local ports.
By the beginning of 2021, Nexxiot expects that all 125,000 ULDs supported by Unilode will be fitted with a digital twin.
The new interface was designed to increase speed, accuracy and efficiency.
Beijing Mercedes-Benz Sales Service is collaborating with blockchain company PlatOn on a platform that calculates vehicle residual value based on static and dynamic data from vehicles.
Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.
Tender rejections have spiked over the last few days, specifically the Dakota regions and western Minnesota.
COSCO Shipping Ports (HKEX: 1199) reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one of its port assets and […]
The facility will be the only one owned by a ground handler dedicated to pharmaceuticals at Charles de Gaulle Airport.
New official figures from China’s Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China’s 49 main box-ports in the year continue to rise despite the Washington-Beijing trade tensions. But it seems that Vietnam might be benefiting from the turbulence, according to data found in FreightWaves’ SONAR database.
The European Commission alleges that a price-fixing cartel in operation from 1999 to 2006 set the levels of fuel and security surcharges.
China looks to de-escalate tensions with the U.S.; German exports affected more by Brexit than trade war; Indian auto sector in trouble.
Last-mile movement is one of the least energy-efficient operations within supply chains, and efforts need to be taken to consciously reduce energy expended in that stretch.
Mixed reality smart glasses allow workers to become hands-free with logistics operations, helping them to focus solely on the package at hand.
A recent study found these cities to be the best for those who drive heavy-duty and tractor-trailer trucks.
Strong regional and transloading demand keep inbound numbers strong.
Approximately 3,580 drivers working for McLane subsidiary Transco Inc. will be exempt from the federal government’s 30-minute rest break rule.
Several intermodal containers on trains running between China to Europe run empty due to lack of exporter demand for capacity.
Elroy Air, an aerial autonomy and logistics company, announced the completion of its first full-scale system flight test at an airfield in California.
Marine terminals to offer guaranteed empty returns, common portals for truck appointments.
Cincinnati has historically been a positive headhaul market, with more outbound freight than inbound. In the last few weeks, we’ve seen a pretty large shift.
Australia Post, a government-owned post and freight service, has reported revenues of just under A$7 billion but has experienced a massive fall in profits.
The Luxembourg-based airline takes an unusual path to pay for its latest B747-ERF.
MUFG Bank’s anticipated acquisition of the aviation finance business of DZ Bank draws scrutiny.
Norway’s Wallenius Wilhelmsen, a major global ocean carrier of vehicles, now faces a criminal prosecution in Australia after the local competition regulator filed charges against it.
2020 presidential candidate Bernie Sanders released details on his proposed $16.3 trillion Green New Deal on August 22. This deal would cover a range of industries with the common goal […]
Transport and logistics businesses need to seriously consider investing in digitalization if they want to stay afloat in this rapidly evolving market.
Rates manage to outperform volume drops as carrier swings to profit.
Let’s face it, we’re all selling time in one way or another. In fact, if you’re in business it is one of your primary inputs.
Rapidly changing consumption patterns and increasing traffic bottlenecks in urban environs necessitate the evolution of transportation and its underlying business models to create a sustainable logistics future.
The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders fund electric vehicles and Aussie trailer maker reveals a shocker set of financial results.
Market expert Donny Gilbert talks on how well the reefer markets are in the midwest. Meteorologist Nick Austin show us the scattered storms from rockies to the east coast. Market […]
How Flexport is managing the challenges of todays air cargo environment
The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
U.K. haulier Eddie Stobart has deposed its CEO Alex Laffey over inflated operating profits and has suspended its stocks from trading in the market.
Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.
Trucking, freight and international forwarding business TIL Logistics (NZX: TLL) of New Zealand has reported solid revenues of NZ$355.1 million (US$226.94) and a small net profit after tax of NZD$4 million (US$2.56 million).
Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California.
For 16 days the Amazon rainforest has burned at record breaking rates.
No-deal Brexit might funnel goods into the grey market; China is an irreplaceable manufacturing hub; electric vehicle segment is growing at a furious pace.
The freight industry is being battered by falling volumes and loosening capacity, with tightening credit standards further exacerbating the situation.
Israeli startup TriEye has received investment from German carmaker Porsche as part of its $19 million Series A round of financing.
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.
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…
Most forecasts have been conservative, but not this one.
FreightWaves chief analytics officer Dean Croke – who has also driven more than 2 million miles behind the wheel of heavy-duty trucks – previews Copilot by Pronto.
Filament announced its adoption of the MOBI Vehicle Identity Standard within the Blocket Mobility Platform, which is a turn-key vehicle identity (VID) solution created for integrated vehicle wallet and usage-based […]
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
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).
Eight crewmen have been kidnapped and are now being held captive by West African pirates after their ship was attacked in the dead of night.
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.
If the California Senate approves the legislation codifying the provisions of the Dynamex decision regarding the classification of independent contract workers – like drivers – it likely won’t have an exemption for the trucking industry.
Grain may return with trade growth, but frac sand in structural change.
These smart legal contracts allow participants to track post-signature performance of the agreement by integrating it with the existing enterprise systems.
The marketplace for truckload transportation is fragmented and opaque. Relationships between shippers and carriers are tenuous at best, forged and broken by wild swings in capacity availability and rates per mile. In this white paper, Transfix and FreightWaves define the problems distorting the marketplace for truckload transportation, discuss how carriers think about their assets, explain the role of technology in reducing empty miles, and sketch out the economic dynamics that come into play when the marketplace is optimized to free up capacity at the right price.
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.
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand.
Establishing a strategy for growth is the foundation for any sustainable business and for a culture of continuous improvement.
The transport industry is witnessing the rise of numerous technology startups, with investment pouring in from excited investors who envision a smart and connected future for transport.
Velodyne has filed patent infringement claims that its rotating 3D LiDAR technology was copied by Chinese companies Hesai and RoboSense.
EPAM Systems is the latest member of the Blockchain in Transport Alliance. Learn more about the company and the Alliance in this article.
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.
Australia’s road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In other Down Under Trucking news: mistake is no defence to trucking crime; supermarket boosts safety after loading dock death; logistics giant snaps up drayage business; CTI Logistics expects a small profit.
The Truckload Carriers Association has named Kevin Phillips of Sheridan, a professional truck driver with CalArk International, Inc. a Highway Angel. He is being recognized for aiding a woman after vehicle rollover.
FreightWaves is expanding with a new office in Portland, Oregon. There are opportunities for data scientists, software engineers and journalists.
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.
Small fleets need to fully understand their financial situation, improve awareness of technology and have set processes in place to fluidly scale up the business.
Kobo360 is one of the most recognized FreightTech players in Africa, helping shippers connect with carriers in a market riddled with severe visibility and transparency concerns.
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.
Will Sehestedt will focus on building relationships on behalf of FreightWaves with associations and universities.
Retail remains a rare source of strength in the economy while manufacturing struggles