The president authorized financial sanctions against Ayatollah Ali Khamenei and certain Revolutionary Guard officers in response to military tensions in the Persian Gulf.
Bonuses help attract officers in hard-to-fill locations, senior official says.
Drewry says while the U.S.-China trade war is bad news for the transpacific container trade, it could result in more transport of intermediate goods.
Market expert writes about the latest tensions in the Mideast and how that might impact air and sea cargo, as well as supply chains.
Daimler AG announced a “high-three digit million” hit to second quarter 2019 earnings related to ongoing expenses to remedy its diesel emissions woes.
You may have to become a super-shipper of choice. Don’t underestimate Walmart
Five Chinese firms added to the Commerce Department’s Entity List operate under myriad aliases, challenging U.S. export compliance managers.
Sentiment toward shipping tech has reached a new high point among startups, tech investors and vessel interests.
2019 is shaping up to be the worst year for trucking in the past five years.
Although some Chinese economic indicators are flashing warning signals, Yunda, STO, YTO, and ZTO are still on fire.
Michael Lewis wrote “Moneyball” about the tactics Billy Beane used to improve the Oakland A’s. Read Zach Strickland’s take on using moneyball tactics in the freight market.
Smoking crystal meth directly led to a fatal crash that killed two truckers; meanwhile, dead kangaroos, speeding, and dodgy crane operators feature in two labor-law hearings in Australia
The Trump administration is considering levying tariffs on the remaining $300 billion of Chinese exports to the United States so far unaffected by duties. Freight Intel, FreightWaves’ proprietary research group, has just published a study warning that such a move would disrupt trade flows far beyond what has occurred so far. Freight Intel Group research […]
Beemac Logistics, a Beaver, Pennsylvania-based transportation and logistics provider, has opened a new office in Houston to better serve clients in the region, said chief commercial officer Michael Ceravolo. Beemac recently entered into an agreement to occupy a 5,000-square foot facility at the Towers at Westchase II, located in west Houston. The company plans to […]
Chris Connor will succeed Kurt Nagle, the American Association of Port Authorities’ president and CEO since 1995.
Automotive industry supply chain expert Surgere has joined the Blockchain in Transport Alliance (BiTA). Read more about Surgere and BiTA.
Mexico became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) when its Senate approved it by a vote of 114 in favor to 4 against on June 19. Mexican President Andres Manuel Lopez Obrador described the ratification as “very good news.” “We celebrate the approval in the Senate of the [USMCA], to maintain […]
Market expert Donald Broughton explains how the U.S. gross domestic product can be a valuable tool by trucking companies (and others).
State-to-state dispute settlement issue potentially could be solved through an exchange of letters, says executive of Mexican business association.
The Harbor Maintenance Tax is a disincentive for short sea shipping because it is imposed at both the port of entry and secondary port, a House subcommittee was told.
Responding to Hong Kong’s proposed extradition legislation, Congress aims to shut down the territory’s transshipment channels to China and other sanctioned countries.
In partnership with Slync… data from across the supply chain must be integrated and automatically pushed to decision-makers.
It appears that Chinese retail investors are moving capital out of the country in response to the devaluation of the yuan.
Shanghai Stock Exchange-listed China Merchants Energy Shipping (SSE:601872) is engaging in a new private share placement of up to 4.1 billion Chinese Yuan to fund a fleet renewal program.
Japanese company Inpex (TSE: 16050) has today announced that it has filed a revised plan of development for the US$18-$20 billion Abadi Liquefied Natural Gas Project. The revised plan is for a land-based development scheme and an annual production capacity of 9.5 million metric tons of LNG and up to 35,000 barrels of condensate each […]
Forward Air Corp. lowered its second quarter 2019 earnings expectation due to a $5 million accident claim reserve recorded in the quarter.
Purchase, combination of 2 logistics firms broadens vendor consolidation, volume LTL footprint
President suggests he’s willing to impose levies on Canada and Mexico during appearance with Prime Minister Justin Trudeau.
Changing harbor tax could help smaller ports compete with trucks
Blockchain technology can disrupt the transportation industry by bringing in digitization, trust and transparency to the market. But this will not be possible without a clear set of common and open standards.
The Los Angeles Board of Harbor Commissioners narrowly approved a permit that would allow Maersk’s (Nasdaq OMX: MAER) terminals subsidiary to automate container moves at the largest marine terminal on the U.S. West Coast. The board voted three-to-two against an appeal of the permit filed by the local chapter of the International Longshore and Warehouse […]
The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.
In a future where autonomous vehicles offer mobility-as-a-service, it is critical to identify the parties involved in transactions – the users and the vehicles. Blockchain can help in this regard.
Autonomous trains might be fully running in remote Australia, but it will take awhile before those kinds of trains will be rolling down the North American countryside.
One lease extends the auto processor’s current lease at Blount Island Terminal, while the other provides 22.4 new acres of property at the Dames Point Marine Terminal.
Bonnie Reemsnyder and David Kooris are elected and Christopher Favreau and Kevin Boyer are hired.
Acknowledging the widespread issue of distracted driving is the first step to change. Technology can be used to monitor real-time driving behavior, with those insights leveraged to improve driver behavior.
The Senate Commerce Committee pressed witnesses on a variety of issues Wednesday during a hearing about surface transportation reauthorization.
“We should work collaboratively for … passage of a trade agreement that creates jobs, protects workers and consumers,” said Rep. Mike Thompson of California.
President Trump wants the federal government to weed out hundreds of no longer needed or inactive advisory committees from its roster.
A colder than normal spring across northwestern Mexico meant the Mexican table grape export campaign suffered a delay of several weeks, spiking demand in June for reefer trucks out of Arizona and south Texas. Coupled with a record-breaking Hermosillo, Mexico-based table grape crop, this year’s export campaign has been a perfect storm of a late […]
Truck-borne freight is the most popular target for thieves, according to a new global study by cargo insurer TT Club and supply chain consultant BSI. Trucks and truckers face a variety of threats including firearm-bearing kidnappers and fake ‘police.’
A few months after launching the Facility Ratings feature in its app, Uber Freight has published its first Facility Insights Report, a compendium and analysis of carriers’ ratings of shipper facilities that will be released on a regular cadence. Digital freight brokerage apps continue to roll out new features and services to drive carrier engagement. […]
Carrier and logistics firm NFI was named in a report highlighting deficiencies in a New Jersey tax incentive program aimed at keeping businesses in the state. Camden-based NFI was one of three companies that an audit found was not subject to sufficient due diligence and may have contained “potential misrepresentations.” The report said the companies […]
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
Passage of USMCA in the United States must happen this year or wait for implementation in 2021.
Electriphi, an electric vehicle (EV) fleet and energy management company, has launched a fleet electrification planning tool that gives customized analysis to help plan the electric transition. The tool is a self-serve web-based application that lets fleet managers break down factors affecting operations, fueling and infrastructure. Large-scale fleet electrification requires upfront planning and smart energy […]
The U.S. trade representative appeared before the Senate Finance Committee Tuesday on the first day of congressional hearings on the Trump administration’s trade agenda.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.
Fr8Hub recently announced that it will expand its services to provide domestic freight matching throughout Mexico, connecting shippers with available carriers throughout the country. The Fr8Hub carrier network currently features more than 1,000 carriers in the United States and Mexico, and more than 30,000 available trucks. Since electronic logging devices and global positioning systems are […]
Retail giant Carrefour is leveraging blockchain to track the provenance of the food products it stocks in its stores, thereby providing its consumers information that far exceeds the data provided on conventional product packaging.
The data that can be gathered from a truck’s telematics has caused a shift from selling trucks as products to selling trucks as solutions to owners’ issues.
The industry is at “a new crossroads,” according to the co-author of a state of logistics report titled “Cresting the Hill.”
“The time to act is now,” reads a letter sent to the president and congressional leaders by the U.S. Chamber of Commerce and more than 40 business and labor groups.
State-by-state benefits of raising gas tax included in White House letter.
Historic flooding in the Midwest and poor demand from electric utilities are stranding coal hoppers west of the Mississippi, pushing up prices for storing railcars. The American Association of Railroads said last week that weekly coal volumes were down 16 percent from a year earlier to 71,526. The week prior number of 70,737 railcars marked […]
Correction: The previous headline in this article was corrected to reflect that Darigold plans to export 50 percent of its products globally in coming years. United States dairy producer Darigold Inc. recently expanded its Mexico operations, targeting a growing Mexican middle class as an untapped market. Darigold has been operating in Mexico for years, but […]
U.S. Chamber of Commerce officials on Monday said several factors indicate that the effort to secure U.S. approval of the pact recently has gained momentum.
A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
Funding means “cross-border commerce critical to our economy is not impeded,” trade groups, chambers of commerce and companies said in a letter.
With a strong start to the year, the port says it is poised to overtake the Port of Long Beach as the nation’s second-largest container port.
The inclusion of ship-to-shore gantry cranes in the fourth tranche of Chinese tariffs would increase the costs by millions, AAPA President and CEO Nagle said.
Lakefront Futures & Options will be marketing Trucking Freight Futures through its new Trucking Derivatives Group. Read the article and learn more about Trucking Freight Futures and Lakefront Futures & Options.
Chinese telecom giant’s CEO Ren Zhengfei expects his company to lose $30 billion in revenue in 2019, mostly due to Commerce’s Entity List and the U.S.-China trade war.
The Office of Foreign Assets Control is authorized by law to periodically adjust its civil penalty amounts for violations of various foreign financial transaction controls.
Electric vehicle adoption is constricted by high vehicle sticker price, long charging cycles and limited range. Solving these issues is key.
A study projects the state’s seaports to increase cargo tonnage by more than 32 million tons in the next five years to 142.4 million tons in fiscal year 2022-23.
Port of Virginia sees tariffs putting its billion-dollar expansion at risk.
It was a poorly-received IPO for CSSC Shipping. Institutional and retail take up was weak and its share price plummeted from the offer price.
The WorkHound platform aims to reduce driver turnover by providing real-time feedback from frontline workers.
McCarter & English, a 400-attorney firm with a national client base and a thriving supply chain and logistics practice, has joined Blockchain in Transport Alliance (BiTA), the largest commercial blockchain consortium in the world with nearly 500 members from the freight, transportation, logistics and affiliated industries. BiTA, whose members generate more than $1 trillion in […]
Market expert Jim Blaze writes about the movement of coal by rail. He explores the history of rail-coal; more importantly, he writes about what the future may hold for coal in the U.S. and how that will impact the railroads.
Trans-border freight totaled $107.2 billion in March, with trucks moving 63 percent of all freight by value with United States trading partners Canada and Mexico, according to data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Trucks carried $67.4 billion of United States freight in March 2019, compared to $66.5 billion […]
Market expert Cathy Roberson writes about the growth of pharmaceuticals and life sciences cargo at Hartsfield Jackson Atlanta International Airport and the airport’s agreement with Amerstdam Schipol Airport.
The public is invited to weigh in during a July 24 public hearing or in writing by July 15.
The agency anticipates submitting the report to the Office of the U.S. Trade Representative by March 31.
Tricon and owner Haoyang Yu were charged in a federal court in Boston on Friday with illegally exporting integrated circuits that contained stolen trade circuits from a U.S. firm.
Shippers in the maritime market can choose between a carrier-owned container or a shipper-owned container, with each business model holding certain advantages over the other based on availability and the freight corridor in question.
One of Asia’s largest shipbuilders will help develop “digital twins” for ocean vessels, part of an effort to provide better monitoring and performance analytics around ocean shipping. South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) is part of the co-operation agreement with Finnish software maker Napa, German powertrain developer AVL, and Korea Maritime and Ocean […]
FreightWaves’ SONAR chart of the week (June 16, 2019 – June 22, 2019) Chart of the Week: Drewry World Container Index – Shanghai to Los Angeles and Shanghai to New York (SONAR: WCI.SHALAX, WCI.SHANYC ) If you are involved in the movement of containerized ocean freight, you are undoubtedly familiar with the beast known as […]
Award winner is taking on new driver partnerships as it expands into last-mile delivery.
In June 2016, a leading group of Laredo carrier companies decided to band together and launch a new association focused on promoting and furthering Laredo as the “trucking capital” of the United States. From their efforts, the Laredo Motor Carriers Association (LMCA) was formed. LMCA recently celebrated its three-year anniversary by adding its 200th member. […]
Witnesses offered the House Highway and Transit differing views on a wide array of trucking priorities as Congress faces reauthorization of surface transportation legislation.
Retail and industrial activity improved, providing some stability for freight Economic data from the goods side of the economy showed some signs of life in May, as growth in retail sales and industrial production exceeded expectations during the month. This is an encouraging sign that activity may be stabilizing in the second quarter, though details […]
Zeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, CNBC is reporting. The departure is a feather in the cap for Embark but another spot of bad news for Tesla, which has garnered mixed reports from Wall Street for missing some of its targets over […]
We’ve heard reports that Vista is having trouble getting buyers at its $2 billion price tag for Omnitracs.
ndian startup Locus is helping logistics businesses automate truck routing to increase efficiency and consistency, while having more transparency into their operations.
Donald Broughton explains the harm that tariffs can do to the economies of the United States, the country(ies) that tariffs are imposed on and the global economy.
Despite trade war, exports and imports were up year-over-year in May.
Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.
Apart from creating visibility and transparency within coffee supply chains, blockchain can significantly improve livelihoods of coffee farmers by giving them a bigger share of the profit pie.
The letter, organized by Tariffs Hurt the Heartland, said additional tariffs would result in the loss of 2 million American jobs and reduce the value of the GDP by 1%.
The National Economic Council director said at an event in Washington Thursday that the ongoing bilateral tit for tat will have minimal economic impacts on U.S. consumers.
Working with over 100 outside carriers and brokers, Walmart (NYSE: WMT) is likely to be a shipper of choice for many already. But even one of the U.S. freight industry’s largest customers realized it could do better for drivers. The Bentonville, Arkansas-based company came in third in a field of 135 shippers for theShipper of […]
Volkswagen AG announced that it is offering up to 15 percent of TRATON for a range of 1.553 billion euros and 1.898 billion euros.
The scale and growth of China’s domestic over-the-road trucking and international ocean container shipping trade has been revealed in new data from the country’s Ministry of Transport.
Relationships between OEMs and tech giants get complicated as the self-driving and mobility race heats up.
