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Aug - 2019 -
15 August
FreightWaves Staff

U.K.’s Aspray Transport shutting doors after defaulting on £1.9 million debt

The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.

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FreightWaves Staff

Port Report: East Coast notches first-half growth for box imports

West Coast sees slower import volumes as service changes and market downturn take toll.

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FreightWaves Staff

Today’s Pickup: Workers are more concerned of people replacing them than robots

Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping

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FreightWaves Staff

Box-ship giant Maersk reports huge rise in second quarter profit

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.

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FreightWaves Staff

Electric marine craft will revolutionize coastal operations but not long-haul shipping

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.

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14 August
FreightWaves Staff

Truckload Carriers Association commits to working with government on hours of service

Proposed rules include granting additional flexibility for drivers utilizing a truck’s sleeper berth, standardizing the 14-hour driving window for short-haul drivers, alterations to the 30-minute rest break requirements and updates to the definition and use of the adverse driving conditions exemption.

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FreightWaves Staff

Web3devs joins Blockchain in Transport Alliance

Memphis-based is the latest BiTA member. Read about this interesting company’s purpose.

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FreightWaves Staff

E-scooter companies pushed to the wall as Paris opts to restrict licenses

There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.

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FreightWaves Staff

Port Report: RoadOne sees uptick, but no boom in peak season

Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.

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FreightWaves Staff

Malaysia’s Sime Darby buys Gough of New Zealand

Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand.

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13 August
FreightWaves Staff

Ten things to consider before buying your next Class 8 truck

Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive their very own Class 8 vehicle off the […]

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FreightWaves Staff

Gas stations dry up in Portugal amidst trucker strike

Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.

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FreightWaves Staff

Phononic reinvents the way cold supply chains work

Phononic provides semiconductor chip solutions that help companies replace inefficient and bulky compressors, heat sinks and fans used for cooling and heating products moving in the cold supply chain.

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FreightWaves Staff

Port Report: July imports flat at the Los Angeles-Long Beach gateway

But Japan’s biggest shipping line looks to restart Long Beach service after summer hiatus.

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FreightWaves Staff

Massive rise in profit for port operator ICTSI

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.

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FreightWaves Staff

Solid results for oil and gas explorer and transporter INPEX

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.

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FreightWaves Staff

Down, down: rail freight operator Aurizon reports falls in profits and earnings

Australian bulk rail freight operator Aurizon (ASX: AZJ), which owns one of the world’s largest coal rail networks, reported a 15 percent decline in full year profits. Statutory earnings before interest and taxation (EBIT) were down by 14 percent and revenues were down 7 percent.

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12 August
FreightWaves Staff

By the numbers: Driver to non-driver ratio

In this week’s edition of By the Numbers, we take a look at one of the most important KPIs that trucking enterprises should be tracking each month – Driver to Non-Driver Ratio. 

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FreightWaves Staff

GSC Logistics makes changes in the executive suite

Third-party logistics provider aims to grow presence in its West Coast markets.

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FreightWaves Staff

Deliveroo is leaving the German last-mile food delivery market

U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.

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FreightWaves Staff

Port Report: NY-NJ port moves container via electric truck

Third busiest U.S. port prods carriers and owner-operators to use low- and zero-emissions trucks.

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FreightWaves Staff

BREAKING NEWS: Hong Kong Airport Shutdown

All flights into and out of Hong Kong have been shut down by the Hong Kong Airport Authority owing to the occupation of the airport by protestors.

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10 August
FreightWaves Staff

The good, bad and ugly sides of mining

A short cost-benefit analysis of the mining, recycling and use of iron and steel.

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FreightWaves Staff

DOWN UNDER TRUCKING: police criticize two truckers killed in double head-on crash

In Australia this last week: police criticized two truckers who died in very adverse visibility conditions; a serial trucking offender was hit with a big fine plus legal costs for numerous legal infringements; more electric vehicles on the road; trucking association wants electric vehicles to be taxed; advanced brakes company wins big order; toll road operator raises half a billion dollars but analysts are unimpressed.

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09 August
FreightWaves Staff

Driver recognized for stopping to assist teens in rollover crash

The Truckload Carriers Association (TCA) has named Justin Rockcastle, a professional truck driver with Melton Truck Lines, a Highway Angel for stopping and rendering assistance when a vehicle filled with minors veered off the road and rolled.

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FreightWaves Staff

Four of the best Class 8 truck manufacturers for the money

The ultimate guide to putting your money towards the most efficient trucks in the industry

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FreightWaves Staff

Trucking rates fall again

July PPI data showed another decline in trucking rates as yearly growth will likely turn negative soon.

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FreightWaves Staff

Commerzbank tests blockchain-based payments for machine-to-machine transactions

The blockchain project is in collaboration with Daimler Trucks and seeks to secure and automate machine-to-machine payment processes.

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FreightWaves Staff

Commentary: Decline in exports hurts agricultural producers and railroads

Chinese tariffs are impacting American agriculture. But declines in exports to other countries are also hurting American agriculture.

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FreightWaves Staff

Two typhoons menace Asian sea freight centers

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.

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08 August
FreightWaves Staff

PORT REPORT: Mega-study reveals Asia and China dominate the commercial maritime world

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.

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FreightWaves Staff

Firm helps U.S. companies bypass China tariffs via Canada

As the Trump administration prepares to impose more tariffs on $300 billion of Chinese goods, a Canadian firm is banking on growing its business of helping e-commerce companies avoid them. 

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FreightWaves Staff

Commentary: Cato criticism misses the mark

A Cato Institute trade policy analyst and the president of the Hawaii Shippers Council respond to an editorial written by a Jones Act supporter.

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FreightWaves Staff

Euronav waits on 2019 recovery as it notches second quarter loss

Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.

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FreightWaves Staff

What goes into designing smartphone applications that truckers truly love

When designing software for truckers, it is vital for companies to consult drivers at every stage of its development, as apps developed in siloes will only make the lives of truckers more complicated.

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FreightWaves Staff

Star Bulk’s loss narrower than forecast as fleet size increases

Dry-bulk shipping firm pushes up dry docking to fit in with scrubber installations.

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FreightWaves Staff

Today’s Pickup: Brexit and the ongoing U.S.-China trade war might sink European economy

EU economy is in the precipice of recession; U.S. crude futures fall; breakthrough gives lithium-ion batteries longer life.

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FreightWaves Staff

Shifting from the ocean to the sky: air carriers seek to lure away sea-freight

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.

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07 August
FreightWaves Staff

Jack Cooper makes it official: chapter 11 and a restructuring

Jack Cooper Ventures says it will be “business as usual” as the auto hauler undertakes a restructuring. 

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FreightWaves Staff

TTSI buys transload specialist to add Pacific Northwest reach

Southern California drayage and logistics firm looks to add to customer base with deal.

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FreightWaves Staff

No-deal Brexit might lead to empty shelves in U.K. supermarkets

The U.K. imports a bulk of the food it consumes from mainland Europe, and this might be a problem in the event of a no-deal Brexit.

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FreightWaves Staff

Indian startup FreightBro: leveling the playing field for freight forwarders

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.

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FreightWaves Staff

PORT REPORT: Up! Up! Up! Chinese ports record first half increase in box throughput

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!

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06 August
FreightWaves Staff

Driver honored for willingness to assist crash victims on highway

Jim Higginbotham, a professional truck driver for Stone Trucking Company, has been named a Highway Angel by the Truckload Carriers Association (TCA).

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FreightWaves Staff

Delta Cargo chooses FreightWaves SONAR for global freight intelligence

Delta Cargo has chosen FreightWaves SONAR for global freight intelligence and data analytics.

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05 August
FreightWaves Staff

Driver earns third set of Highway Angel wings after detaining drunk driver

Christopher Lemaire, a professional truck driver for Revere Transportation, has once again been named a Highway Angel by the Truckload Carriers Association (TCA).

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FreightWaves Staff

Survey data shows slowing economy as tariffs loom

ISM data in both the service sector and manufacturing sector suggest the economy is slowing and recent tariffs could make things worse

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FreightWaves Staff

Didi Chuxing spins off its autonomous driving unit into a separate entity

Didi Chuxing has spun off its autonomous driving unit as an independent company following discussion of raising fresh capital with its existing shareholders and potential investors.

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FreightWaves Staff

The pursuit of transparency across the freight industry through standardized indexes

Logistics startup Rivigo has introduced the National Freight Index in India, which will allow users to access individual lane level information in 1,500 locations across the country.

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FreightWaves Staff

Commentary: Ag and livestock haulers seek regulatory concessions

The USDOT and USDA are seeking comments on a revision to hours-of-service and electronic logging device regulations for the agriculture and livestock industries.

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03 August
FreightWaves Staff

DOWN UNDER TRUCKING: tunnels cut 10,000 truck trips; human remains found

In Australia this week… new tunnels and roads to eliminate trucks; cattle and driver nearly burned alive; human remains found after truck explodes; controversial logistics software company vows to fight class action and the regulator; I’ll huff and I’ll puff and I’ll blow… you off the road!

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02 August
FreightWaves Staff

BREAKING NEWS: Mexico supplants China as #1 U.S. trading partner

The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.

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FreightWaves Staff

BREAKING NEWS: Global car carrier K-line fined $23.4 million for criminal cartel offenses

Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.

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01 August
FreightWaves Staff

Drivers recognized for freeing baby from locked vehicle

Both men are being recognized for their willingness to stop and assistance a young family whose baby was accidentally locked in their vehicle.

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FreightWaves Staff

FreightWaves NOW: What carriers should look for in Q3

On today’s FreightWaves NOW it’s tech Thursday Lincoln Duff talks to us about Lyft and their battery problem. While Dean Croke talks to carriers and what to look for in […]

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FreightWaves Staff

Commentary: Inflation is dead – and technology killed it!

Donald Broughton writes a thought-provoking commentary about how technology has killed inflation.

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FreightWaves Staff

Commentary: Train to nowhere destroys valuable agricultural production

Ben Thrower examines the costs – in money, lost land and lost businesses – of the high-speed rail line in California.

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FreightWaves Staff

Implications of Fed rate cut for carriers and shippers

The Fed cut interest rates for the first time in over a decade. Shippers and carriers should benefit as the economy looks to reaccelerate

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FreightWaves Staff

Small and mid-tier fleets leverage technology to level playing field

Technology has helped smaller fleets band together to take advantage of discounts, real-time telematics and find loads through digital freight matching platforms.

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FreightWaves Staff

Air Canada blames trade disputes for cargo decline

Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.

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FreightWaves Staff

Profits rise but revenues tank for Japan’s K-Line

Japans K-Line shipping company reported its fiscal first quarter earnings.

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FreightWaves Staff

NYK sees huge decrease in revenues but transforms loss into profit

Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.

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FreightWaves Staff

MOL swings from the red to the black in fiscal first quarter

An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.

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FreightWaves Staff

White Paper – The Complete Driver Qualification Handbook

Download our free ebook for simple steps you can take to hire and onboard the best drivers for your business—all while staying 100% compliant with Regulation Part 391. You’ll learn the steps you must take every time you make a hire to ensure you’re onboarding new drivers compliantly.

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FreightWaves Staff

Port Report: Ocean Network Express aims for 2019 turnaround

Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation.  But overall demand remains tepid as it lowered […]

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FreightWaves Staff

5G: Don’t believe the logistics hype says software expert

A roll-out of the much-hyped 5G telecommunications technology will not in itself revolutionize logistics, says Paul Soong, regional director of BluJay, which provides a wide variety of management software for the logistics and transport industries. Better management of business is the key.

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Jul - 2019 -
31 July
FreightWaves Staff

Independent truckers warn against crash liability proposal

Legislation that would increase the minimum insurance liability coverage required for interstate trucking from $750,000 to almost $5 million would put more small owner-operators out of business, independent operators claim.

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FreightWaves Staff

Canadian Pacific Railway joins Blockchain in Transport Alliance

Canadian Pacific Railway (TSX:CP) (NYSE:CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA’s mission of producing blockchain  standards that allow for interoperability […]

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FreightWaves Staff

FreightWaves NOW: Car load volumes are up

Chief Insight Officer Dean Croke breaks down the intermodal market and how some areas if it are trending upward. While market expert Seth Holm gives us an update on Q2 […]

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FreightWaves Staff

Dry bulk operator Pacific Basin’s profit sinks 73 percent

Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.

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FreightWaves Staff

Today’s Pickup: Shale gas production might have dark days ahead

U.S. shale oil production might reach tipping point; U.K. auto industry investment is on the decline; Amazon is looking to expand to food services in India.

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FreightWaves Staff

Taking it for a spin… at 600 mph

Market expert Jesse Cohen writes about the fascinating movement of cars around the world via air cargo.

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FreightWaves Staff

Port Report: Savannah’s share of container imports grows

The Port of Savannah saw container volumes drop from year-earlier levels as the outlook for international trade remains weak. But the fourth largest U.S. port is still seeing some of […]

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30 July
FreightWaves Staff

Fear not: authorities won’t seize your truck or ship if your employees are drug criminals

Innocent third parties who get caught up in Australia with illegal drug logistics, such as employers and transport operators, do not appear to fear the threat of having their property seized by the authorities.

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FreightWaves Staff

Carrier prevails in sexual harassment case despite numerous allegations of harassment

The carrier here prevailed because the court determined that the carrier’s response to each complaint of sexual harassment was appropriate under the law.

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FreightWaves Staff

Oakland’s push for truck fluidity means quick turns for shippers

This article brought to you courtesy of NEXT Trucking The Port of Oakland is far from the biggest market for container trucking. But it aims to be among the most […]

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FreightWaves Staff

Blockchain is not the magic cure-all that businesses might believe it to be

Blockchain’s utility can only be realized if there is participation from every stakeholder within a value chain, and banks heavily on the quality of data being fed into its system.

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FreightWaves Staff

Port Report: DB Schenker adding online freight quotes

Germany’s DB Schenker is joining the ranks of logistics companies that aim to bring cargo booking online. One of the top five freight forwarders in the world, DB Schenker said […]

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29 July
FreightWaves Staff

Load volumes little changed this week heading into the end of July

National load tender volumes were relatively flat in the final full week of July, posting a 25 basis points (bps) gain. 

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FreightWaves Staff

FreightWaves NOW: Durable goods trending upwards

Market Expert Zack Strickland dives in to what’s happening in the freight volumes market. While Economist and Market Expert Anthony Smith shows us how the durable goods new orders is […]

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FreightWaves Staff

Commentary: Just Driving Around in My Blue Car…

Donald Broughton writes that as goes the freight sector goes the economy in this commentary.

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