The afternoon block of freight technology demonstrations at Transparency19 in Atlanta May 6 brought home the value of information technology in optimizing the basic blocking-and-tackle functions that could make or […]
Domino’s Pizza has partnered with SingularityNET, to test decentralized AI services in an attempt to automate portions of its delivery operations.
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share versus the break-even consensus estimate. The asset-light logistics service provider’s first quarter 2019 loss was much lower […]
The Massachusetts Port Authority plans to acquire two additional rubber-tired gantry cranes by year’s end for a total of 16 in operation at Conley Terminal.
Macquarie Infrastructure fund selling facilities to the Singapore-owned terminal operator for an undisclosed price.
After a brief hiatus, technology pioneer Anthony Levandowski has reappeared on the autonomous vehicle scene, but has dialed back his initial vision for driverless trucks in favor of a new safety system designed to assist drivers behind the wheel.
The shadow of obsolescence seems to be hanging over freight brokerages, given the rise of digital load matching apps and other technologies. But industry veteran Andrew Clarke says he is […]
Machine learning and artificial intelligence took the spotlight as 10 companies showcased the latest in technology that is disrupting the transportation and logistics world at Transparency19 in Atlanta. Each presenter […]
Quantum computing’s advocates – there about 25 companies currently studying it – believe the technology heralds a massive improvement over the advanced systems that are becoming mainstream today. For transport […]
Leading transportation management and logistics service provider SEND Transportation has integrated Trucker Tools’ Smart Capacity into its operations.
The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus […]
Dolly has raised $7.5 million in Series B funding, which is expected to expedite Dolly’s entrance into new markets and also help grow its operational and technical teams.
Transplace has announced the appointment of Matthew Harding as senior vice president of data science. Harding, who rejoins Transplace after a nine-plus year stay at Chainalytics, will lead the company’s […]
Tariffs across $200 billion worth of goods in yearly import value will be raised from 10 percent to 25 percent on Friday, the president tweeted on Sunday.
Transparency19 kicked off on the morning of May 6 with an overview of the tech disruption taking place in the freight industry, a call for companies to move beyond sector […]
The House committee on Friday sent its latest in a round of letters to U.S. Trade Representative Robert Lighthizer outlining concerns with the U.S.-Mexico-Canada Agreement.
Daseke, Inc. (NASDAQ: DSKE), the largest flatbed, specialized transportation and logistics solutions company in North America, reported first quarter 2019 adjusted net income of $1.8 million in the period, $3.8 […]
White House makes sudden u-turn on tariff truce, upsetting calm in financial markets. President Donald Trump ended the spring truce in the U.S.-China trade war this weekend, with threat to […]
The president will pick Mark Morgan, former Border Patrol director during the waning days of the Obama administration, to head Immigration and Customs Enforcement.
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. […]
Berkshire Hathway (NYSE: BRK) chairman and CEO Warren Buffett said he would be willing to consider some form of precision scheduled railroading (PSR) for western U.S. railroad BNSF, although he […]
Public ship owners like Navios Partners saw rates fall due to cuts in Brazilian iron-ore exports.
Brexit has not been explicitly blamed for the sale of Bombardier’s Northern Irish operation, but the EU withdrawal is a strong suspect, in putting 3,600 jobs at risk.
Executives at GasLog Ltd. believe the LNG shipping spot market is set to rebound. Others are not so sure.
The agency on Thursday released its strategy for 2020-2025 in which it highlighted predictive analytics as a potential tool for trade enforcement.
In this commentary article, Donald Broughton looks at the second part of the economy – the consumer economy – and where we are now in the economic cycle.
H.R. 2396 would unlock the HMTF’s existing $9.3 billion balance and enable the expenditure of about $34 billion over the next decade.
U.S. Trade Representative Robert Lighthizer made the statement about the third tranche of tariffs in response to questions after a Ways and Means hearing.
The National Association of Manufacturers hopes the pressure to vote on nominees will break years-long failure to restore the Export-Import Bank’s full loan-making authority.
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
U.S. Xpress held a call with analysts and the media to discuss its first quarter 2019 earnings, which were $0.15 per share compared to the consensus estimate of $0.18.
J.B. Hunt Transport has consolidated its sales, operations and customer support functions for its Mexican subsidiary in a new office in Santiago de Querétaro, Querétaro, Mexico.
U.S. Xpress (NYSE: USX), a Chattanooga-based truckload carrier, reported adjusted earnings per share of $0.15 compared to the consensus estimate of $0.18.
Best-selling author Brad Stone (The Everything Store) will tell more about the history and future of an amazing corporate success story – Amazon – at Transparency19. Get your tickets now for this must-attend event.
The raise adds to the flurry of activity that has hit the digital freight forwarding space since the beginning of 2019.
According to Seaspan Corporation, the largest U.S.-listed container-ship lessor, liner companies are pulling vessels from service to install scrubbers, which is increasing demand for new charters.
Schneider National, Inc. held a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.
Royal Dutch Shell PLC (NYSE: RDS) announced net income of $5.3 billion for the first quarter of 2019, a decrease of 2 percent from the same quarter last year, reflective of the crude oil market, but a significant improvement on the $4.5 billion expected by analysts.
TriumphPay is shifting the power over invoice control back into the hands of carriers.
Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.
NYSE-listed Scorpio Tankers has returned to profitability and its scrubber-installation program should position it to take advantage of the looming IMO 2020 rule.
In partnership with Reliance Partners …
ELDs are not just about tracking the hours of service of drivers. The data they gather can be used by fleets to improve driver behavior and operational efficiency, and by insurance companies to understand accident history for evaluating fleet risk profiles.
Releasing its earnings before the market open on May 2, Dana Inc. (NYSE: DAN) reported a drop in net income, which was $98 million in the first quarter of 2019, down from $108 million compared with the same three months of 2018.
Convoy has worked closely with shippers on various projects, including its Convoy Go program that gives owner-operators access to drop-and-hook freight. It has now formalized those efforts in the Innovation Lab.
OFAC said violations can be minimized if compliance programs include management commitment, risk assessment, internal controls, testing and auditing, and training.
Duty drawback programs and foreign-trade zones are two options, speakers said during a JAXPORT conference, but there are other ways to lower the financial obligation.
Mid-Ship Group agreed to pay $871,837 to settle violations of sanctions involving financial transactions from charter party agreements between IRISL and two of its ships.
Concerns about profitability in the ride-sharing sector are overblown, public-private partnerships are on the rise and transit and commuting platforms are the future.
BlackBuck has raised a total of $285.2 million till date and is looking to expand its services across India, without worrying much into its growing losses.
C.H. Robinson officials said their business model and technology has allowed the company to adapt through multiple cycles.
Atlas Air held a conference call to discuss its first quarter 2019 results. There were several questions of interest asked on the call.
So far this year, there has been heightened refinery downtime for maintenance and upgrades, but the tide is expected to turn in the second half, to the benefit of product-tanker rates.
Global logistics solutions group, WiseTech Global, has announced the acquisition of Xware, a leading messaging integration solutions provider in Sweden.
“The dairy industry couldn’t be more clear: Pass USMCA,” said Rep. Mike Conaway of Texas.
The Economic Roundup is designed to synthesize the events of the past month as they relate to freight markets, and provide a guide on trends to keep an eye on in the upcoming month.
Atlas Air Worldwide Holdings reported adjusted earnings of $0.98 per share, ahead of the fourth quarter 2018 and the NASDAQ consensus estimate of $0.86.
Market expert Scott Case has written about the use of dynamic pricing in airfreight. Long-used to sell passenger seats on airplanes, dynamic pricing is new to airfreight – but will likely be used extensively going forward. Read Scott’s take on the why’s and wherefore’s of the move.
Supply challenges weigh on profits, but company stays positive on market conditions.
The two sides will meet again in about three weeks to discuss how to pay for the package, which House Speaker Nancy Pelosi described as “big and bold.”
Uber stands to gain by avoiding wage and benefit costs that accompany workers classified as employees.
Growth in Canadian firm’s trucking business remained solid despite earnings miss.
Widening margins in NAST, especially truckload brokerage, led the way for Robinson.
Zūm announced it secured additional funding from new investor Citi Ventures to help double its national footprint by 2020
“You see a dearth of well-capitalized investment firms in this space,” said Dabo Horsfall, a former investment officer at Morgan Stanley Infrastructure Partners who launched Tensile Investments in 2018.
Eaton, maker of electrical systems and powertrain components posted record revenue in the first quarter.
Competitors agree on need to collaborate on common standards during Blockchain Revolution Global conference.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
Genesee & Wyoming, Inc. reported adjusted earnings per share of $0.78 for the first quarter of 2019, which were 11 percent better year-over-year, but less than NASDAQ’s consensus estimate of $0.83.
Cummins is reviewing is emissions certification and compliance process following questions from EPA and CARB. The company did report strong earnings and a record number of engines shipped in the first quarter.
Market expert Brian Aoaeh’s article focuses on the current and upcoming maritime industry issues – IMO 2020, global warming, rising sea levels, etc. Read Brian’s take on how the maritime industry is meeting these challenges.
Speaker Pelosi and Senate Minority Leader Schumer wrote a letter to President Trump on Monday to outline priorities for Tuesday’s meeting about infrastructure.
Oshkosh Corporation (NYSE: OSK) reported its fiscal year 2019 second quarter earnings on April 30, highlighting an increased diluted earnings per share of $1.82, compared to the $1.47 reported in the same quarter in 2018, and a net income of $128.5 million compared to $110.8 million, in 2018.
Market expert Jim Blaze looks at an under-appreciated asset of North America’s freight railroads – their real estate holdings. Read Jim’s hypothesis of what the railroads might do with this real estate in the near future.
Transparency19 is just a few days away. Quick-fire demonstrations are a big part of the program; read why in this article, and if you haven’t bought a ticket yet, please do so!
But Ryder’s 3PL division, Supply Chain Solutions, is expected to go into negative year-over-year growth next quarter.
J.J. Keller & Associates, Inc., the nation’s leading provider of safety and compliance solutions, has joined the Blockchain in Transport Alliance (BiTA)
U.S. soybean exports have fallen in the past year in part because of the drop in exports to China due to tariffs and swine fever.
Genesee & Wyoming, Inc. reported adjusted earnings per share of $0.78 for the first quarter of 2019, which were 11.4 percent better year-over-year, but less than the consensus estimate of $0.83.
Passage of Mexican labor reform legislation was a key commitment included in the U.S.-Mexico-Canada Agreement.
Capital Development will invest more than $172 million as part of the deal for the 1.075 million-square-foot facility.
Canadian National Railway Company reported adjusted earnings per share of C$1.17 per share for the first quarter 2019, 17 percent better than the same period a year ago.
Eight years since he burst on the scene with a $150 million acquisition of a then 22-year-old company called Express-1 Expedited Solutions, Brad Jacobs today sits astride a $17 billion per year multi-national behemoth.
Building a small business is difficult if you don’t have access to the same powerful tools that larger competitors do. Uber Freight, with its growing suite of tools, has been trying to empower small fleets and owner-operators to allow them to compete on an even playing field.
Putting export-import documents online may make a difference between container arriving to customer on time or sitting in a warehouse.
A few years ago the idea of using drones for last-mile delivery were just an idea. But the idea is becoming a reality in China, Indonesia and now the USA. Read Market Expert Cathy Roberson’s views on the use of drones for last-mile delivery.
Dry bulk shipping faced multiple headwinds in the first quarter, but NYSE-listed Scorpio Bulkers benefited from its smaller ships and its diversification into the product-tanker sector.
One-year old container ship joint venture expects customers to come back with more boxes and pay higher rates in 2019.
“There is no appetite in Congress to debate USMCA with these tariffs in place,” the Senate Finance Committee chairman wrote in The Wall Street Journal.
The Treasury agency takes steps to implement a new sanctions list to punish foreign entities that interfere in U.S. elections, but the “final rule” is still in development.
A public session will be conducted after the U.S. and South Korean officials sit down in Washington in May.
The Port of Boston invests in marine terminal infrastructure to handle regional cargo going on and coming off increasingly larger containerships.
Though blockchain looks to be promising, companies are still not convinced on the trustability of a blockchain network and it would take more than a few pilots to persuade stakeholders to join together on a single common decentralized ledger.
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
Donald Broughton, FreightWaves’ chief market strategist, helps explain the U.S. economy in a multi-part series. This article focuses on the industrial economy of the U.S., which is critical to the overall health of the nation.
Growth in the U.S. economy improved 3.2 percent during the first quarter, but details related to freight demand suggest a weaker environment to start the year.
Getting stakeholders to cooperate in creating interoperability within blockchain networks is the next hurdle that the technology needs to overcome for mainstream adoption.
Japanese transport company, Nippon Yusen Kabushiki Kaisha (NYK Line) (JPX:9101) has today reported a loss of approximately US$400 million (Japanese Yen 44.5 billion) for the year ended March 31, 2019. Following the red ink bloodbath, the company has replaced the chairman, president and representative directors.
The final part of the FreightWaves series on the Panama Canal focuses on dry bulk transits. The two trends: US agribulk cargo to Asia is down, Colombian coal to the west coast of South America and Asia is up.
Manufacturers should prepare for increased regional value content for the automobile sector, speakers said during an American Shipper webinar.
