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.
West Coast sees slower import volumes as service changes and market downturn take toll.
Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping
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.
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.
Memphis-based is the latest BiTA member. Read about this interesting company’s purpose.
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.
Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.
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.
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 […]
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
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.
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.
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.
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.
Third-party logistics provider aims to grow presence in its West Coast markets.
Shifting rules at marine terminals pose challenge to drayage.
U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.
Third busiest U.S. port prods carriers and owner-operators to use low- and zero-emissions trucks.
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.
A short cost-benefit analysis of the mining, recycling and use of iron and steel.
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.
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.
The ultimate guide to putting your money towards the most efficient trucks in the industry
July PPI data showed another decline in trucking rates as yearly growth will likely turn negative soon.
The blockchain project is in collaboration with Daimler Trucks and seeks to secure and automate machine-to-machine payment processes.
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.
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.
A Cato Institute trade policy analyst and the president of the Hawaii Shippers Council respond to an editorial written by a Jones Act supporter.
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
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.
Dry-bulk shipping firm pushes up dry docking to fit in with scrubber installations.
EU economy is in the precipice of recession; U.S. crude futures fall; breakthrough gives lithium-ion batteries longer life.
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
Jack Cooper Ventures says it will be “business as usual” as the auto hauler undertakes a restructuring.
Southern California drayage and logistics firm looks to add to customer base with deal.
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.
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.
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!
Jim Higginbotham, a professional truck driver for Stone Trucking Company, has been named a Highway Angel by the Truckload Carriers Association (TCA).
Delta Cargo has chosen FreightWaves SONAR for global freight intelligence and data analytics.
Top 10 intermodal company in the U.S. looks to broker to for drayage supply.
Christopher Lemaire, a professional truck driver for Revere Transportation, has once again been named a Highway Angel by the Truckload Carriers Association (TCA).
ISM data in both the service sector and manufacturing sector suggest the economy is slowing and recent tariffs could make things worse
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.
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.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
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.
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!
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.
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.
East Coast ports saw better growth as trans-Pacific trade slows
Both men are being recognized for their willingness to stop and assistance a young family whose baby was accidentally locked in their vehicle.
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 […]
Donald Broughton writes a thought-provoking commentary about how technology has killed inflation.
Ben Thrower examines the costs – in money, lost land and lost businesses – of the high-speed rail line in California.
With air cargo slowing, could there be any bump up in August?
The Fed cut interest rates for the first time in over a decade. Shippers and carriers should benefit as the economy looks to reaccelerate
Technology has helped smaller fleets band together to take advantage of discounts, real-time telematics and find loads through digital freight matching platforms.
Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.
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.
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 […]
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.
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.
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 […]
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 […]
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
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.
Market expert Jesse Cohen writes about the fascinating movement of cars around the world via air cargo.
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 […]
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.
The carrier here prevailed because the court determined that the carrier’s response to each complaint of sexual harassment was appropriate under the law.
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 […]
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.
How will Pittsburgh Airport build on its air cargo success so far?
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 […]
National load tender volumes were relatively flat in the final full week of July, posting a 25 basis points (bps) gain.
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 […]
Donald Broughton writes that as goes the freight sector goes the economy in this commentary.