Business

SAP posted impressive growth in cloud revenue while avoiding a concomitant drop in licenses.

The meeting, which also will involve Senate Minority Leader Chuck Schumer, reportedly is scheduled for Tuesday morning.

State, Treasury and Commerce add five enterprises to the Cuba Restricted List for their connection to previously sanctioned Cuban government entities or individuals.

The committee advises the office of the BIS assistant secretary for export administration on technical questions affecting levels of export controls.

The executive director of the Agriculture Transportation Coalition discusses port congestion, demurrage and detention fees, and ongoing China tariffs on agricultural goods.

Canadian transportation company reports strong performance across businesses following record 2018.

Manhattan Associates, Inc. reported adjusted non-GAAP earnings per share of $0.41, $0.04 better year-over-year.

The White House on Monday announced its intent to end sanction waivers to countries still importing revenue-generating oil from Iran.

In his first FreightWaves article, market expert Brian Aoaeh writes about logistics network optimization. He explains how new technology, venture capital money and changing market conditions have converged to open up new opportunities across the global supply chain.

Elon Musk has stated that Tesla would be launching fully autonomous cars by the end of this year, and that he expects to see one million autonomous Tesla cars on the road by 2020.

The company issued a soft outlook, predicting fiscal year 2019 all-in sales growth from in-line to up 1 percent versus 2018, including a negative impact of 3 to 4 percentage points from the combination of negative foreign exchange and a modest positive impact from acquisitions and divestitures.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported first quarter earnings per share (EPS) of $1.22 compared with $1.11 in the first quarter of 2018, and an adjusted EPS of $1.20 compared to $1.17 last year, defying analyst expectations.

Mexican Ambassador to the U.S. Martha Barcena Coqui on Monday said the U.S.-Mexico-Canada Agreement’s pioneering labor reforms shouldn’t be taken for granted.

U.S. unveils new strategy in response to increasing investments by Russia and China.

The funds will go toward expanding services in Louisiana and Virginia and supporting the development of a new service in New York.

The trucking technology provider will use the funds to ramp up hiring, hardware investments, new  partnerships and advancements in machine learning.

The funds will be used to scale its warehouse robotics system, as well as expand sales and marketing in North America and internationally.

Market expert Jim Blaze looks at how rail freight volume has changed over the years and what the outlook is for the next decade. Learn what he thinks will happen to the railroad industry in its long-term competition with trucking to carry freight.

Donald Broughton, FreightWaves’ chief market strategist, explains the problems he has with surveys based on ‘sentiment’ – except for the Institute for Supply Management survey. Read why he believes in its results.

Cathy Morrow Roberson explains what makes Miami International Airport (MIA) special, and what the airport, airlines and air cargo companies are doing at that particular facility to facilitate cargo. Learn more about MIA in this article.

Fleets are rapidly deploying video solutions, finally convinced of their benefits, and Trimble is one of the companies benefiting from this.

Nikola Motor Company founder & CEO Trevor Milton admits that he is smart enough to know that there are smarter people than him in the world, and he wanted to leverage that expertise when building his new truck. Enter the industry’s top suppliers.

The BIS and Census Bureau are preparing to release proposals to harmonize the Export Administration Regulations’ and Foreign Trade Regulations’ definitions.

The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.

The maximum award size is $25 million and no more than $90 million can be given to a single state.

The “e-Commerce Revolution” is the hot topic for the upcoming CNS Partnership Conference next month in Miami. FreightWaves interviews CNS President Michael (Mike) White for an inside look at the e-commerce challenge for the air cargo industry and how the conference will tackle it.

Markets are tightening. Full implementation of sanctions on Iranian oil could make them tighter.

Feds have exempted Wing Aviation from a block of regulations clearing way for an operating permit.

Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.

Australia’s import, export and logistics industries are in dismay at a massively escalating series of surcharges that are being unilaterally charged to truckers and shippers by the nation’s main box terminal operators. There have been hikes in surcharges of hundreds of percentage points. And, in one case, an imposed surcharge was literally increased over a couple of years by 2,372 percent. Industry executives are furious.

FMC Commissioner Rebecca Dye provided an update on her agency’s ongoing detention and demurrage investigation.

American Shipper will take an in-depth look at the new trade agreement in a webinar on Thursday.

The Commerce Department initiated the antidumping investigation after receiving a petition March 28 from three companies.

The European Commission considers list of U.S. exports that could be subject to billions of dollars in tariffs in response to the aircraft subsidy dispute before the WTO.

D.C. to Baltimore in 15 minutes could help advance hyperloop technology for cargo.

Utilities aim to meet ambitious goals of reducing emissions across western U.S., but technology and financing remain big hurdles.

Retail sales rebounded in March, rising by the largest amount in over a year. Growth was brod-based during the month, with most areas in the sector seeing rising sales.

Datapace is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about Datapace and BiTA in this article.

The U.S. is proposing $11 billion in tariffs on European Union goods because of allegations that Airbus received that amount of subsidies when it launched the Airbus 380, thereby harming U.S. interests. Read Jesse Cohen’s explanation of the articles proposed for tariffs and what the tariffs might do to the air cargo and maritime industries.

In partnership with Reliance Partners …Distracted driving in the U.S. is a bigger cause for accidents than driving under the influence of alcohol or drugs. This could be prevented if fleets take responsibility and educate drivers on safe driving and also by remotely monitoring driving behavior.

Uber is planning to sell 14 percent stake on its autonomous driving division for $1 billion to investment firm Softbank, automaker Toyota, and auto parts manufacturer Denso.

The founding of Nikola Motor Company did not happen overnight; it actually dates back to a time when a six-year-old boy was bothering his railroad-working father and was sent to see a train engineer.

A final draft on technical specifications and annexes for the World Customs Organization e-commerce framework is moving through the approval process, according to an official.

World Distribution Services will invest $6.2 million in collaboration with Lingerfelt Commonwealth Partners on the project in Virginia Beach.

Customs and Border Protection will begin migrating its Importer Trade Activity data to ACE Reports, making the data available to all trade members on demand. 

A former Chinese airline employee operating out of JFK Airport orchestrated a scheme using passenger flights to deliver packages to military officers in China.

“I’m convinced that when the Tunisians get a taste of U.S. beef, poultry and eggs, they’re going to want more,” said U.S. Agriculture Secretary Sonny Perdue.

P44-Reliance and UPS-AscendTMS pursuing different customers but with similar objective.

STORD simplifies the distribution experience of shippers by networking with warehouses and carriers, and providing shippers with warehousing capacity and transportation based on their needs.

Panalpina reported $0.82 (Swiss Francs, or CHF) per share in earnings for the first quarter of 2019 compared to $0.72 CHF for the same period last year.

Air cargo market expert Jesse Cohen writes about the ongoing efforts to increase security in air cargo operations. Read about the latest measures and how they impact the movement of freight.

FleetZoo is a delivery and service optimization startup that is solving the last-mile problem by providing a solution that lets companies optimize and visualize all their delivery routes in a matter of minutes.

House Democrats on the Ways and Means Committee worry the language of the renegotiated trade agreement lacks enforceable environmental commitments for Mexico.

LA caught between straits of labor and capital; group looks for ocean freight’s Esperanto; and digital-first forwarder gets $20m funding.

The Office of the U.S. Trade Representative will allow Section 301 tariff exclusions for 21 additional product types covering 348 exclusion requests.

The U.S. Department of Justice is cracking down on companies that collude to fix prices online, highlighting the role of new technologies in antitrust schemes as well as legal competitive activity.

Market expert Dean Croke writes about the construction boom in Las Vegas, the number of flatbed trucks hauling steel to the city for its mega-construction projects, and the outlook for the flatbed truck market in 2019.

“I don’t know if it’s accurate; we’re reaching out to you to find out if it is,” attorney Ed Greenberg said at the NCBFAA conference.

It’s an offer that expires on June 30, 2019.

Market expert Jim Blaze questions the benefits to-date of precision scheduled railroading (PSR). Read his views on how railroads could prove PSR’s value to shippers.

Industrial output in the economy continued to struggle in March, as a stalled manufacturing sector continues to weigh on freight demand in the economy.

FreightWaves and the Transportation Intermediaries Association announced a program that will provide SONAR to TIA members and staff. SONAR is the leading data/analytics platform in the transportation industry.

Bolt System has introduced a new driver app that is designed to streamline paperwork processes and improve the overall driver experience.

Nikola Motors has the potential to disrupt the freight industry by building hydrogen fuel powered trucks and by setting up hydrogen fuel stations all across North America.

The cranes are the first of eight similar machines that will be delivered over the next few weeks.

The cranes are part of a $60 million terminal expansion and modernization project at its Honolulu hub.

The total amount of investment during the first quarter – $1.6 billion – is more than half of the $2.9 billion in venture capital invested for the full year 2018.

In some cases, companies are filing drawbacks for the first time in almost 20 years, according to Sandler Travis law firm attorney Michael Cerny.

Considering that Singapore has over 20,000 people per square mile, it may be prudent for the city-state to consider air taxis as an urban mobility option.

Kevin McAleenan, the CBP commissioner named acting Homeland Security secretary, has picked COO John Sanders to oversee the duties of commissioner.

Flowspace helps companies source on-demand warehousing space, allowing them to scale up rapidly and concentrate on gaining more customers, rather than stagnate with the burden of finding warehouses to stock products.

‘Discretionary’ cargo may look elsewhere for U.S. dock space should the biggest terminal in the biggest port not find ways to be more efficient.

After 20 years, Lytx has found itself evolving much in the same way that fleets and society at large have. Founded in 1998 as DriveCam, the company has transitioned into a data business providing insights unthinkable just a few years ago.

Work began in October on the $63 million project, which was expected to take 18 months to complete.

The European Commission is given the green light to begin talks with the U.S. on agreements regarding conformity assessment and tariffs on industrial products. 

The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.

The agency requires that Mexican cascarones — decorative, confetti-filled eggshells — are free from egg residue to prevent the spread of poultry diseases.

UniCredit Bank and its Italian and Austrian operations processed over $500 million through the U.S. financial system for the Islamic Republic of Iran Shipping Lines.

Des Moines Truck Brokers (DMTB) is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about DMTB and why it joined BiTA.

Managing a truck’s lifecycle proper requires understanding thousands of data points. Fleet Advantage is trying to make that process easier with its ATLAAS Unified system.

With this acquistion, TeleSense will help drive the automation of the grain supply chain and expand its footprint across Europe.

Air cargo volume in Europe continues to decline. Read market expert Cathy Morrow Roberson’s take on the reasons why this is occurring and if there are options available to improve the volume.

Will it make money? Does it matter?

Russia-based GPS hacking has led to 9,883 suspected incidents across 10 locations, including 1,311 civilian maritime vessel navigation systems since February 2016.

A recent article in Landline Magazine suggested that Truckstop.com’s new VC partner could merge the load board with Convoy or Uber Freight. This is unlikely to happen.

The two have reportedly agreed “to meet soon,” according to White House spokesman Judd Deere.

Bethann Rooney is promoted to deputy director and Andy Saporito is named senior adviser for special projects.

Consolidated Chassis Management will run the chassis pool to give customers “a cost-effective and efficient supply chain that eliminates choke points and increases velocity.”

Providers are in the process of shutting down older 3G cellular networks, and that means the fleets running equipment on these networks could see disruptions.

Not long after its IPO, Lyft is removing electric bikes from the markets of New York City, Washington, D.C. and San Francisco after reports of problems with the vehicles’ brakes.

American Airlines has lengthened the grounding of its Boeing 737 MAX 8 aircraft through August 19. American joins other airlines in this action. What is Boeing doing to fix the aircraft, and what is the FAA doing from a regulatory perspective?

Another outbreak of salmonella poisoning has occurred – this one caused by tainted fruit. Read how blockchain could help deter and detect these outbreaks before they harm many.

With first quarter 2019 earnings set to kickoff on Monday, April 15, FreightWaves is looking at expectations for the transportation stocks.

Cocoa farming in Africa witnesses a lot of forced and child labor, which can be eliminated if the stakeholders within chocolate supply chains can have transparency on end-to-end operations.

The grounding of all Boeing 737 MAX aircraft has caused many problems; it has also created an opportunity for freight forwarders. Read a market expert’s take on the situation.

Transportation Secretary Elaine Chao on Wednesday defended the proposed budget, a 4 percent decrease from FY 2019-enacted levels.

WebCargo by Freightos has acquired India-based Air Freight Bazaar, with the intent of expanding its footstep in global air cargo digitalization.

The nomination of Nazak Nikakhtar to undersecretary of Commerce for industry and security helps fill the most senior role at the Bureau of Industry and Security.

Transfix is betting that its carriers care more about asset utilization than rate per mile.

House Ways and Means Committee Democrats say passage of labor law reform legislation by the Mexican congress is needed before they support the agreement.