Business

The terminal, which also is acquiring lifting and container yard equipment, has the option to buy another crane this year.

The company will use the investment  to grow its commercial autonomous fleet.

Tax incentives that make for cheaper diesel fuel ran out in 2018, and the trucking industry is looking for a vehicle on which to extend it. Could it be the border wall?

Trading of futures contracts can help market participants minimize their exposure to risk. Freight brokerage K+L Freight has launched a subsidiary, K-Ratio, to help its customers navigate the Trucking Freight Futures market when it launches on March 29.

Food delivery startup Zomato is mobilising its last-mile workforce to move towards mechanical and electric bikes for delivery – a move that the company believes would drastically reduce its carbon footprint.

Aurora Cannabis revenues have jumped since the legalization of recreational marijuana in Canada. The company is ramping up production to meet the needs of Canadian consumers who contend with frequent shortages.

Little Rock, Ark.-based company trying to make fuel card processing less costly for truck stop operators.

An intersection in New Jersey has been deemed the worst for truck bottlenecks, plus Nikola Motor may be adding a purely electric truck; GM and Tesla are working together, and FedEx Express signs on to a new cargo terminal.

Visual positioning make make GPS old-school… Learn what UK-based Scape Technologies is doing to bring this technology to market.

Financial market executive gives a vote of confidence in the success of the trucking futures market by taking the helm

The twin goals are to address rampant oversupply and pave the way for immediate adoption of interstate commerce once marijuana becomes legal at the federal level.

Commenters call for China to be identified for the 15th straight year as a country of major intellectual property concerns.

U.S. Customs and Border Protection will seek industry input on how to best position its operations to meet future changes to trade during March 1 meeting.

Carrier succumbs to the harsh realities of present-day trucking.

Message from NATSO: Technology trends will force truck stop owners to reevaluate how they serve their customers.

TechCrunch reports that SoftBank, a Japanese multinational holding group, has led a $940 million investment in autonomous delivery startup Nuro.

Shippabo has created its own version of a fixed-rate contract, which helps small and mid-sized shippers gain access to direct-to-carrier contracts, allowing them to cut their shipping costs and secure reliable capacity.

When a company discovers a possible violation of U.S. export laws, it must carefully consider whether it’s necessary to file a voluntary self-disclosure.

The agency set forth procedures to claim exclusions granted by the Office of the U.S. Trade Representative on Section 301 duties on goods from China.

Trade aspects of the Craft Beverage Modernization and Tax Reform Act of 2017 will be covered.

Pronto built a high-performing Level 2 solution for commercial vehicles with dynamic throttling, braking, and steering.

Bergevin, Cristol, and Stauffer want to attack fundamental problems affecting the whole supply chain beyond truckload arbitrage.

Railroads – like trucking – will be focusing on solving the Highway Trust Fund problem this year. But could a Green New Deal become a competitive selling point?

Some $726 billion in annual spend on U.S. surface transportation faces daily price swings, but futures aim to mitigate the volatility.

Stakeholders within supply chains need to realize the potential of blockchain and look to work on pilot programs that can translate into commercial applications a few years down the road.

USX shifted its fleet away from over-the-road toward dedicated and lowered its adjusted operating ratio to 92.5%.

A vehicle miles traveled program is the country’s “only viable future” for fixing the Highway Trust Fund, Ranking Member Sam Graves says.

Zoovu solves issues that consumers face with massive inventory lists on ecommerce platforms, by asking relevant questions and displaying only the curated items that match the preferences of the consumer.

The U.S. and China will re-engage in trade talks with Section 301 tariffs set to rise to 25 percent on March 2 if the countries can’t reach a deal.

P3s incentivize on-time and on-budget projects and harness the innovation of the private sector, Nossaman LLP partner says.

The Office of Foreign Assets Control added Evren Kayakiran to its Foreign Sanctions Evaders list, while reaching a settlement with Radford, Va.-based Kollmorgen Corp.

Fleets participating in the TCA Profitability Program (TPP) gain access to benchmarking data that can help them improve operations.

The State Department announced that it issued a presidential permit in November to the General Services Administration to start construction.

Commerce provided notice to Mexican signatories on Wednesday, after industry and lawmakers pushed for a pullout of the 2013 agreement.

The International Trade Commission pushed back decisions on whether to institute Section 337 investigations because of the partial government shutdown.

Lots of ideas for federal funding of infrastructure at Capitol Hill hearing, but the “pay-for” question still looms.

Postmates Inc., an on-demand food delivery service, confidentially filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).

The arrest came a little over month after the Farm Bill made hemp and all of its byproducts legal.

The compensation is contingent on the company going public or changing ownership, according to GM’s annual 10K filing with the U.S. Securities and Exchange Commission.

Today’s selloff on soft revenue growth guidance went too far, according to Stifel’s Bruce Chan and Susquehanna’s Bascome Majors.

There are a lot of companies out there and it’s a number that is likely to shrink, according to the panel. Also on the agenda: blockchain and making yourself stand out in a crowded field.

Amazon (NASDAQ: AMZN) joined with capital venture firm Sequoia and T. Rowe Price (NASDAQ: TROW) to invest $530 million in self-driving vehicle startup Aurora Innovation according to Aurora’s press release on Medium.

Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.

Old Dominion’s operating ratio (OR) improved 520 basis points in the fourth quarter, moving from 83.9 percent to 78.7 percent year-over-year. This is the third quarter in a row the company has posted an OR under 80 percent.

Green New Deals are the rage in Washington, with benefits – and costs – for trucking.

The reintroduction of the Trade Security Act is the most recent proposal to check the executive branch’s ability to impose national security-based trade remedies.

NCBFAA praises Customs and Border Protection leaders for their assistance and guidance during the 35 days federal agencies were closed.

The port handled more than 7 million TEUs in one year for the first time in its six-decade history.

The Bureau of Industry and Security and Census Bureau have raised their civil penalty amounts for various export control and trade statistics violations.

ECHO pivoted away from the spot market and also leaned into LTL.

Werner Enterprises (NASDAQ: WERN) reported strong earnings in the fourth quarter of 2018, posting a diluted earnings per share (EPS) of $0.77. This topped analyst expectations, with the average estimate of 10 analysts surveyed by Zacks Investment Research coming in at $0.68.

Technology Crossover Ventures (TCV) has made a $200 million minority investment in Finland-based RELEX Solutions (RELEX), a leading provider of retail planning solutions – including supply chains – according to a RELEX press release.

FreightWaves, DAT, Nodal Exchange, and K-Ratio pitched trucking freight futures to a diverse group of financial institutions and media and tech companies on Wall Street on Wednesday.

Chinese e-commerce newcomer Pinduoduo (NASDAQ: PDD) seeks to finance an operational expansion by raising $1 billion. The company’s filing with the SEC said that it plans to sell 37 million shares to raise necessary capital.

Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.

Convoy, the powerful nationwide trucking network and platform for both shippers and carriers, is partnering with FreightWaves on the first-ever Shipper of Choice Award.

Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.

Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.

In its report to Congress, the Office of the U.S. Trade Representative expressed concern about China’s support for Appellate Body proposals.

In his State of the Union address Tuesday night, the president says investing in the nation’s roads and bridges “is a necessity.”

Northwest Seaport Alliance may lease to Stevedoring Services of America and MSC’s Terminal International Ltd.

Jeffrey Kessler would be tasked with ensuring compliance of U.S. trading partners with free trade agreements.

The Senate Finance Committee on Tuesday favorably reported the nomination of Jeffrey Kessler, setting up the full Senate to consider confirmation.

Vessel discharge of the Ever Summit, which struck a crane on Jan. 28, is expected to be completed by Thursday morning.

Drivers – not brokers – facing penalties of $5,000-$10,000 for violating new e-manifest filing requirements at the border.

The earnings were accompanied by a strong report from Cowen on the company’s outlook.

Supply chain investments are helping retailers meet the inventory challenges of a growing market, the National Retail Federation (NRF) reported today in its 2019 retail sales forecast.

FreightWaves will live stream each of its Trucking Freight Futures road shows, allowing everyone who participates in the freight market to learn how they can offset their exposure to price swings.

Access to data has improved market transparency, and recent spikes in volatility make the case that transportation costs must be hedged and de-risked.

Tesla’s acquisition Maxwell Technologies could have an impact on Maxwell’s fleet business, which counts more than 7,000 trucks using its products.

House Transportation Committee Chairman Peter DeFazio highlighted the Harbor Maintenance Trust Fund and gas tax as critical issues that must be addressed.

A new petition is seeking White House help to get two bills that would exempt most small trucking companies and owner-operators exempted from the ELD requirement reintroduced to Congress.

The port authority says the project proposed by Fraser Surrey Docks failed to show substantial progress on construction had been made by Nov. 30, one of 83 conditions.

The Class I railroad says it has seen an increase in efficiency and improvement in quality of customer service since implementing scheduled railroading.

Letter to Commerce Secretary Wilbur Ross calls for end to agreement suspending antidumping investigation.

Convoy is now matching 100 percent of loads automatically in major markets, effectively eliminating the need for any person to call or communicate between the shipper and carrier.

Recovery efforts following the Jan. 28 crane collapse have been slowed by high winds and the discovery of more extensive damage to the crane’s boom.

The Agriculture Department and Office of the U.S. Trade Representative will accept nominations for four-year terms until March 1.

U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.

The railroads have delayed installing life-saving automatic braking technology for another two years, and the NTSB is running out of patience.

Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.

Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.

Not a gangbusters quarter for Saia or Schneider. But the numbers were strong for both and Merrill Lynch thinks the Schneider stock is undervalued.

With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.

Workhound bridges the gap between fleets and drivers by actually listening to what drivers want and translating that into real-time actionable insights for fleets to help them reduce turnover.

The investments could facilitate new trade lanes despite looming economic uncertainty.

CBP is slated to publish Tuesday a ruling that found the U.S. to be the country of origin of certain Ethernet devices for purposes of U.S. government procurement.

Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.

Phil Connors, played by Bill Murray, is stuck in the same day, played out over and over again, in the film Groundhog Day. He repeats each day until he gets it right. In the real world, we don’t get the chance at a “do-over,” but delivery operations present an opportunity to do very nearly that.

Upheaval caused by the U.S.-China trade war has some freight interests uneasy about giving Trump more tariff power.

New orders bounce significantly, raw materials prices fall.

A peer-to-peer delivery startup underscores what everyone knows but doesn’t always point out about the origin of sharing economy businesses – they draw on century-old practices common in developing countries.

The U.S economy added over 300,000 jobs in January, marking the best monthly performance in nearly a year. Transportation and logistics employment continued to increase at an impressive pace, led by healthy gains in warehousing, parcel and trucking jobs.

The monthly economic roundup is a summary of recent event in the economy and a guide for key trends worth monitoring over the next month.

JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.

As another bilateral round of talks concluded this week, U.S. Trade Representative Robert Lighthizer said U.S. and Chinese officials extensively discussed enforcement.

U.S. Customs officers at Nogales border crossing find 254 pounds of the drug hidden in a truckload of cucumbers.

Oakland, Calif.-based cosmetics firm ELF used two Chinese suppliers that violated the U.S. government’s North Korean sanctions.

ELD’s were supposed to make headway into reducing crashes, but that may not be the case so far, according to academic research from supply chain experts.

The financial tech and freight tech sectors both have a huge addressable market, and both have been traditionally resistant to change. Will the disruption continue, and what should we expect after similar patterns of explosive growth?