Business

The Shanghai International Shipping Institute points to “feeble economic and trade growth” in a recently released report.

Market expert Jim Blaze explores what railroads need to do to capture more of the market share of oversize loads, which are essential to the economy and profitable as well.

As the administration ratchets up Section 301 tariffs on China, it appears it is directing less attention to the overarching goal of balancing the trade relationship, a witness said.

Executives from Redwood Logistics, Forager Logistics, and Transplace discussed the risks posed by new tariffs on Mexican imports.

Australia’s border biosecurity system was stretched “close to breaking point” and had “severe impacts on sections of the shipping and exporting industries,” says the Inspector-General of Biosecurity.

Trade growth, demography and land use changes in the city of Melbourne, Australia, have made necessary a shift of freight from truck to rail, according to an analysis by Melissa Horne, Victorian Minister for Ports and Freight.

RIO aims to connect different stakeholders within the transport logistics segment and push the industry towards digitalization.

Freightos will offer real-time quotes and booking on Europe’s third-largest air carrier as part of the company’s growing online freight marketplace. IAG Group, the holding company for British Airways and […]

The early-stage investments are the first to be made by the $100 million fund set up in November 2018.

House committee urges “national strategy” to address the issue

Agreement between Canada’s largest airline and Drone Delivery Canada creates a platform to roll out autonomous cargo aircraft on a large scale.

It has been the slowest start of the year on record for shipping on Wall Street.

Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.

On its earnings call, NAV walked through its earnings outperformance and provided some highlights on the business and its increased guidance.

Learn how existing and future technologies will continue the evolution of supply chains, transportation and warehousing.

Market expert Cathy Roberson writes about the decline in global air cargo traffic; the only bright spot is in Latin America. Read why!

Effective Wednesday, the rule will amend the Export Administration Regulations’ aircraft, vessels and spacecraft license exception.

Navistar reported adjusted earnings per share of $1.06, $0.18 higher than the consensus estimate and raised its 2019 guidance.

Automation is once again a flashpoint at ports, with a major Canadian container terminal project becoming the latest instance of a stand-off between labor and management. As FreightWaves Nate Tabak […]

Trade war tariffs are hurting the competitiveness U.S. businesses working in China, according to the American Chamber of Commerce in China (AmCham China). Tariff troubles increased over the weekend as the latest round of Chinese tariffs on $60 billion of U.S. goods began on Saturday, June 1.

Flexport hired a former White House trade and economic advisor in a bid to harness research from the digital first forwarder’s datasets and to help customers navigate the shifting sands […]

Fiat Chrysler’s merger bid with Renault is the type of consolidation that the auto industry needs at the moment to expedite innovation and the development of futuristic tech.

Panelists at a University of North Florida roundtable event said technology can help companies remain flexible and agile as the political environment shifts.

Trimble MAPS helps fleets automate visibility on the road and manage trips to gain a competitive edge in the market.

A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.

The monthly economic roundup summarizes key results in the economy over the past month and highlights trends worth watching

Tesla (NASDAQ: TSLA) is simply not investing enough cash back into its business in the form of capital expenditures to construct the production lines and build out the service infrastructure […]

The technology provides a low cost alternative to GPS tracking.

The action was taken after the Trump administration determined that India failed to provide the U.S. with fair market access.

To gain insight into the shifting landscape of freight brokerage, sometimes it’s best to follow the money, not the shiny new technology. The freight brokerage industry is undergoing a wave […]

No doubt these are unsettling and downright worrisome times, especially for those with global operations that conduct business with China and want to do the right thing. 

The exclusions on such products as oil pumps, forklifts, garage door openers and medical equipment will be retroactive to July 6 and extend through June 4, 2020.

Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks […]

Potential for added employment costs for trucking companies down the road.

Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.

The purchase is the latest in a string of acquisitions the company has completed in the past five years.

There was a significant outcry among customs brokers at the southern border after President Trump tweeted last week that he plans to impose tariffs on all goods from Mexico to […]

Portland is the first airport in the country to use the technology, which aims to relieve congestion in the airport arrival zone.

The mandatory adoption of electronic logging devices (ELDs) has given decision-makers the ability to access a wealth of data they never knew they needed. The tough part is attempting to sift through and draw insights from that data.

The port and the St. Louis Regional Freightway are seeking to form a relationship to explore opportunities that support growth in both cities.

Landstar System (Nasdaq: LSTR) named Robert Brasher as its new vice president and chief commercial officer, effective June 3, 2019. Brasher, a 19-year veteran of the asset-light logistics company, succeeds […]

The Confederation of British Industry has written to Tory leadership candidates warning them of the damaging consequences of a no deal Brexit.

FreightWaves is providing a forum – Market Voices – for a number of market experts.  Last week I wrote about why the ongoing decline in lumber shipments and the ongoing […]

Dockworkers return to work Thursday afternoon after all-night negotiations.

For the second year, FreightWaves will co-sponsor Dynamo VC’s Founders Camp.

Consultant warns exporters still need to exercise common sense to ensure there’s no suggestion that the integrity of an export transaction is suspect.

The administration sent to Congress a draft statement to propel USMCA implementing legislation Thursday, the same day Trump tweeted he plans to impose tariffs on Mexico.

COAC’s Northern Triangle Working Group gains momentum with 50 members and involvement from nongovernmental organizations and the United Nations. 

Blockchain can help expedite customs procedures, reduce expenses and boost both global trade volumes and economic output.

Tariffs starting June 10 at 5 percent to escalate to 25 percent by October 1.

Other Bets revenue, primarily consisting of Uber Freight, increased 263 percent year-over-year to $145 million.

Raising the gas tax a priority despite pushback by conservatives.

President Donald Trump said last week that talks would not continue until Democratic lawmakers “get these phony investigations over with.”

Autonomous vehicles can be commercially deployed only after it convincingly addresses public and government concerns on safety and reliability.

Japan, Germany and Malaysia among the countries that met two of three criteria to be designated by the Treasury as a currency manipulator, but no country met all three.

AVAIO and Sydney Harbour Investment Partners announce a partnership to develop and finance the Nova Scotia multipurpose terminal.

$2 trillion infrastructure plan would boost Highway Trust Fund to $850 billion

Celadon entered into the seventeenth amendment of its credit facility to provide the company with liquidity through June 28, 2019.

Every corner of the ocean shipping world is completely distinct from the others. What fuels the tanker business is almost entirely different than what steers dry bulkers or container ships. […]

Advanced Training Systems CEO John Kearney says technology-enhanced driver training plays a key role in the nation’s effort to protect the supply chain.

DDC FPO launched a free online tool to help transportation and logistics professionals calculate how much of their operational costs are going toward in-house bill of lading (BOL) processing.

The funds will be used to accelerate the company’s efforts to improve fuel efficiency in the trucking industry.

The TIA says that a Roush’s negative description of the role freight brokers play in freight transportation, his broad-brush statements about safety, and small carriers are ludicrous.

‘Qualitative’ retaliation could take the form of increased inspections, difficulty in getting licenses, and delays and investigations for environmental compliance.

DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation […]

Oversize helps brokers and fleets save time that is needlessly spent navigating the complex regulatory landscape of carrying overdimensional cargo.

Market expert Brian Aoaeh writes about the impact of severe weather on supply chains, and tools to help companies and organizations modify those supply chains when disaster strikes.

Analyst at Drewry believes the decision by CMA CGM and MSC to join the IBM-Maersk digital shipping platform is a significant event.

Daimler Trucks is betting big on autonomous trucks, as the German-based company announced Wednesday, May 29, that it is establishing a global group that seeks to put highly automated commercial trucks on U.S. highways within the next 10 years.

With COAC’s help, U.S. Customs and Border Protection seeks to devise an online strategy to better target illicit exports before they can leave the country.

Mexico is benefiting from the CPTPP accord and booming beverage business, but its auto industry is slowing down and it’s dealing with trucking delays at the U.S. border.

The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.

Hackers also recently attempted to disrupt vessel computer systems.

Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller – Maersk and IBM.

An investment in a 50-foot berth enabled the 14,424-TEU Evergreen Triton to pay a visit to Maryland.

DHL, FedEx and UPS have dominated the global express market for years but recently, China’s express providers (including YTO Express, STO Express and SF Express) have been nipping at the […]

Market expert Jim Blaze dissects the recent Surface Transportation Board hearings on demurrage and accessorial charges. Read his observations on the relationships between the railroads and their shipper customers…

Investigators found calcium hypochlorite in 13 containers and chlorinated paraffin wax in an additional five.

Two containerships are launched for weekly service calling New York, El Salvador, Guatemala, Honduras and Nicaragua.

The AB has four vacancies, with two current members on the seven-position panel expected to depart in December, which would render it inoperative.

New BIS licensing designation puts Maduro regime among those countries of U.S. national security concern, such as China, Iran, North Korea, Cuba and Syria.

Mothership uses historical driver data and machine learning to “intelligently dispatch” trucks working the last mile freight market.

The highly anticipated truckload capacity crisis and the ensuing truckload rate party lasted from late 2017 through late 2018. Beginning in early 2019 – surprise – the rate party was over. It feels like carriers have quickly gone from the best party since deregulation in 1980 to potentially the biggest hangover ever!

Fiat Chrysler submitted a proposal for a merger with French automaker Renault to create a preeminent global automotive group.

The number of connected vehicles has soared and will continue to grow in the years to come. Learn how cars and light trucks will be the next digital tool.

A report indicates that the EU is slow to adopt alternate truck fuels. Indian logistics startups are flourishing. Chinese logistics firms that help Chinese businesses relocate are winners in the US-China trade war.

Port authority’s long-term goal is to become the East Coast port leader for railed containers to the Midwest.

Transport ministers from 60 countries met at Leipzig to discuss strategies and the implication of global carbon emissions.

Democrats boost maritime programs over Trump’s budget

Aurora Innovation plans to buy Montana-based Blackmore, a company that develops light detection and ranging radar (lidar) technology for self-driving vehicles. The acquisition comes several months after Aurora’s $530 million […]

Awards also given for safety practices and to Circular IQ, Dayton Freight, Duluth-Superior, Manhattan CFO, Nola, Old Dominion, Pacesetter ports and Worldwide.

In an industry where new technology solutions seem to be emerging on a near daily basis, the way brokers evaluate products and choose partners is changing.

Manufacturers’ new orders for durable goods declined in April, and details suggest more trouble ahead for freight demand in the economy

The Chinese Belt and Road Initiative aims to create seamless freight movement between Europe and Asia, but the sustainability aspect of the project is still unclear.

Last week the widely reported headline was “Housing Starts Climb Almost 6 Percent in April” yet many in the transportation marketplace openly questioned how that was possible. Whether it is […]

The first three are set to be delivered in mid-June with subsequent deliveries in August and October.

The most recent and announced potential future duties will reduce global GDP, the intergovernmental group stated in a report released Thursday.

On this special Memorial Day weekend edition of What The Truck?!? we have all the latest news in FreightTech, supply chain, and trucking – including a focus on Craig Fuller’s state of the industry report, Earnings Over/Under, On The Radar, Fast Paced Forecast, and some hot tips on how to spend your holiday weekend. All this and more on WTT?!? Subscribe now on Apple Podcasts, Spotify, Stitcher, or your favorite podcast player choice and never EVER miss an episode. No paywalls, no borders.

Improved vessel utilisation is the key to maintaining profitability in what is expected to be a challenging market according to Soren Skou, Chief Executive Officer of Maersk (Nasdaq OMX: MAER). […]

China’s ports have handled just under 4.3 billion tons of cargo between January to April. The country’s main seaports have also handled 82.3 million TEU.