Cowen joins chorus of trucking bears but says 3PLs are safe
Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.
Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.
Determining the commodity jurisdiction and classification of a product is the most critical component of any export compliance program.
Robust customs provisions as part of any agreement would play a crucial role in bilateral trade, industry members said during an International Trade Commission hearing.
The likely future House speaker indicated she is examining labor and environment provisions to determine whether they will be enforceable in practice.
Main U.S. maritime agency’s probe into practices of ocean carriers and terminals winds down, but no changes yet seen.
Trucker Tools CEO Prasad Gollapalli discussed his company’s Smart Capacity product with users; the platform is designed to make freight brokers more efficient and profitable.
Zipline has focused on humanitarian needs, delivering medical supplies to rural communities around the world.
Job growth slowed in November after an impressive gain in the previous month, but signals from wages and unemployment suggest that labor market conditions remain generally healthy. The transportation and logistics industry had another strong month of hiring, with impressive job gains from trucking, parcel, and warehousing companies.
Lyft announces intentions to offer an IPO in 2019
McLeod Software has been at the forefront of ERP technology, servicing the whole spectrum of what lies within the core business of companies in the trucking ecosystem.
If you don’t answer, if you don’t look into their eyes, you lose.”
The agency received positive feedback from a recent use case examining NAFTA/CAFTA certificates of origin, a CBP official said Wednesday.
Meng Wanzhou, who was arrested Saturday in Canada, is expected to be extradited to the U.S. to face charges.
After unveiling its full-scale passenger hyperloop capsule in October, HyperloopTT is at the thick of things again, now partnering with Hamburg port terminal operator HHLA for a possible cargo hyperloop route.
New service aims to provide smaller shippers more certainty when booking ocean freight.
Consultants foresee increased economic links between Russia and China.
After an unprecedented acquisition spree, XPO Logistics focused on IT. Here, robots move smartphones in an XPO facility.
Aries Worldwide Logistics, a Houston-based international logistics provider with over 34 years of experience, announced that the company joined the Blockchain in Transport Alliance (BiTA).
The WTO Dispute Settlement Body on Tuesday agreed to form panels requested by India and Switzerland.
Saudi Arabia and Russia agree on further production cuts to prop up crude prices; Qatar leaves OPEC to focus on nat gas; heavy sweet crudes are trading at a premium in anticipation of IMO 2020.
Company makes first acquisition in its history and creates a global footprint.
Canadian province tackles stricter driver training and Chinese goods to Europe move along the world’s longest freight route. Plus Uptake takes innovation award and improving truck driving jobs.
Using the power of the crowds to create a successful mapping tool.
Mercitalia, Italy’s largest freight railway company has unveiled ETR 500, a high-speed cargo train that connects Bologna with Naples. Authorities state that this would negate 9,000 truck trips annually, cutting nearly 80% of carbon emissions associated with carrying an equivalent load on road.
Changes being implemented were enacted through tax reform legislation signed late last year.
Ocean Alliance carrier will add Port Tampa Bay to the rotation of its transpacific Gulf of Mexico Express service.
“The Northeast Georgia Inland Port will be situated in the heart of the manufacturing and logistics corridor along Interstate 85” in Hall County, says Gov. Nathan Deal.
The Commercial Customs Operations Advisory Committee was set to meet Wednesday, when the government will be closed in observance of George H.W. Bush’s death.
Eamonn Killeen tapped to lead real estate division; Vincent Touya selected as managing director.
The second edition of Tariff Negotiations and Renegotiations under the GATT and WTO follows the original published in 2001.
“I am convinced this transitional stage is going to give us huge opportunities for our country, and we are ready to face them.”
App allows drivers to review facilities, fostering better dialogue between two sides of freight transaction.
It seemed like the stuff of posturing and hot air. It was hard to see anything substantive changing from the weekend meetings of the G20 nations in Argentina. Will something more than kicking-the-can come from the concessions?
Spireon has patented its technology approach to managing an automotive dealership’s vehicle inventory by pairing a tracking device to a vehicle, making this the 30th patent secured by Spireon for advanced connected vehicle technologies.
We spoke to Uber Freight Product Manager Stefan Sohlstrom and Convoy’s Chief Product Officer, Ziad Ismail, about last week’s releases and what increased transparency means for the brokerage industry.
The American and Chinese leaders agreed to de-escalate trade tensions, including holding off on additional tariffs, but different factors could detract from the truce.
Alaska Railroad remains shut down, but neither TOTE Maritime Alaska nor Matson reports injuries or damage.
Maritime port authorities say they are under pressure from Customs and Border Protection to build new on-site facilities for the agency’s officers.
He told reporters aboard Air Force One that he’s making the move in an effort to push Congress to pass the U.S.-Mexico-Canada Agreement.
Restricted party screening software should be viewed by U.S. exporters as one tool within a multidimensional export compliance approach.
Representatives of beneficiary countries testified Thursday as the Trump administration reviews eligibility based on worker rights, IP and other practices.
Two largest economies agree to halt hostilities through first quarter after a year of trade saber rattling.
German logistics giant still has small share of U.S. package distribution, but hopes new centers will change that.
Oregon produces about 6 million Christmas trees each year, more than any other state in the U.S.
Is the economy still healthy? Are people still making things, shipping things, and buying things? According to the railroad car data, the answer is a definitive “Yes.”
The leaders of the three countries signed the agreement on the sidelines of the G20 summit in Buenos Aires, teeing up the pact for respective domestic ratification processes.
Tunnel boring in the U.S. is extremely expensive due to the high labor costs and the inefficiency in boring technology. Elon Musk’s The Boring Company is looking to solve this by bettering boring machinery and envisioning a futuristic underground transit. However, questions on its feasibility still prevail.
The tax changes of 2017 caused some fleets to consider leasing as opposed to buying, and new accounting rule changes could have a similar effect, says Fleet Advantage.
“We are completely certain the Cascadia will revolutionize Mexico.”
BitNautic, an all-in-one hub for the global trade industry, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards relating to blockchain in the transportation/logistics/supply chain marketplace.
Full digital automation of shipping processes may be on the way, but what are the intermediary steps leading us there?
Beijing-based startup Geek+ is a pioneer of AI-enabled logistics robots for warehouses, and is powering technological transformation of the logistics industry.
Coming in at number 10 on our Freight.Tech 25, KeepTruckin continues innovate and collaborate. One of their more recent tech additions to their product line is the App Marketplace.
Sen. Portman also highlighted his hopes for agriculture to be included in EU-U.S. discussions during an event at the Hudson Institute.
Karen Dunn Kelley’s “noncontroversial” nomination had been pending for more than five months.
A senior director of external relations is appointed in Washington, and a public safety chief is hired in Texas.
A dicey delivery season looms.
The size of the US goods trade deficit with the rest of the world increased again in October, as a large decline in exports and a small gain in imports pushed the deficit near record levels. The total value of traded goods fell slightly during the month but is still considerably higher than at this point last year despite significant changes to trade policy.
Same-day shipping has been made popular by the likes of Amazon, but small-time retailers find it hard to keep pace. California-based startup Shipsi is changing that by assisting shippers to plug into last-mile delivery options and helping them provide the elusive same-day shipping experience.
In spite of the prediction challenges everyone faces, what does Doug Waggoner foresee coming down the transportation pipe in 2019?
Coming in at No. 9 on the Freight.Tech 25 list is C.H. Robinson (NASDAQ: CHRW), one of the tried-and-true providers in the freight space. Robinson’s Navisphere technology platform is part of the company’s commitment to providing solutions to its customers and carrier partners.
Panelists at an Atlantic Council event Tuesday pointed to several areas of ag trade in North America the updated NAFTA should enhance.
Trade advisory to CBP’s new subcommittee structure offers more efficiency to tackling complex issues.
The Office of Foreign Assets Control said Cobham Holdings agreed to pay a $87,507 civil penalty to settle three violations of the Ukraine Related Sanctions Regulations.
We interview project44’s new CFO, CTO and CMO as the visibility solution provider, fresh off a capital raise, prepares to scale rapidly.
A driver incentive program, which not only prompts drivers to make smarter and safer driving decisions, but also promotes driver happiness, is one way to increase driver retention.
Is e-commerce making traffic congestion in urban areas worse? Gas demand plummets in South Korea; a state DOT seeks solutions through art; turnkey logistics in Asia and more.
The Office of the U.S. Trade Representative has received more than 100 stakeholder submissions to inform its approach toward bilateral discussions.
Rally, is a startup working on creating an on-demand mobility service by helping communities look at bus ride-sharing as a way to get to concerts, festivals, and sporting events.
The Alcohol and Tobacco Tax and Trade Bureau released a 132-page proposed rule that would affect several aspects of U.S. alcohol trade with foreign countries.
This morning Fleet Complete, a global leader in connected vehicle technology and software, announced that it had been acquired by the Ontario Teachers’ Pension Plan, a large fund with $193.9B in assets.
Detroit tops list of places for online retail start-ups; climate change seen having a major impact on U.S. infrastructure.
The next wave of supply chain innovation will focus on weaving technologies together to make global supply chains more efficient, resilient, transparent, and less costly.
Being one of the world’s fastest-growing predictive supply chain platform and delivering real-time visibility and analytics to a wide range of Fortune 500 companies and 3PLs, has helped FourKites take the #7 spot in the Freight.Tech 25.
Upply is looking to pioneer a more efficient and transparent supply chain market that could effectively help industry stakeholders unleash their full potential.
Jubitz brings in about $40 million of the company’s $175 million annual revenues as the industry contracts and braces for tech and regulatory headwinds.
The U.S., Mexico and Canada likely will formally ink the updated pact during the G20 summit in Buenos Aires.
System to go live later this year or early next year will replace the Regulations.gov filing process.
Canada is working to finalize an ELD rule for truckers in that country. The rule would closely mirror the U.S. regulation, with a few significant differences.
Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.
A Connecticut DOT study found that tolls on the state highways could generate $1 billion a year. Despite that, the incoming governor is focused only on adding tolls for trucks.
Last-mile delivery is especially difficult for oversized items such as furniture, where retailers face challenges with rising customer expectations in speed, flexibility and quality.
The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.
A Goldman Sachs report several months ago laid out the strengths of the app that matches loads, but does a lot more than that.
Penske Truck Leasing and UST Global combined on an accelerated IT training program that has seen 18 graduates move into jobs in Penske’s IT department.
The Office of the U.S. Trade Representative on Tuesday issued a 53-page update to its March-completed Section 301 report on China’s policies related to IP, tech transfer and innovation.
The Office of Foreign Assets Control has taken particular aim at sanctioning those individuals and entities involved in the maritime transport of oil for the Assad regime.
Centralized location allows vehicle manufacturers to save on their inland distribution costs, says CEO John Murray.
Even though the Department of Energy’s reported diesel per gallon price has risen 27% since early 2017, carriers have seen their net fuel expense per mile remain largely neutral.
Ambrosus enables consumers and supply chain stakeholders to have better trust over the products they receive or consume, by using sensors that communicate to the blockchain.
Just three years after its founding in Seattle by two former Amazon executives, the leading digital freight brokerage Convoy reached a unicorn valuation and took the #4 spot in the Freight.Tech 25.
Resilience360 offers end-to-end supply chain risk management. The platform alerts customers about supply chain incidents globally and risks to their global supply chain in almost real time. It’s an ever-expanding market, and the company is well-positioned for continued data aggregation.
Also today: going to jail for bogus CDLs; ecommerce driving the Canada Post labor dispute.
U.S. consumers are bearing less of the burden of the Trump administration’s Section 301 tariffs than Chinese producers, according to EconPol Europe.
While there’s impetus for negotiations to move quickly, defining the scope could be tricky during the lead-up to discussions, says Asia Society vice president.
While Société Générale has not violated U.S. sanctions in five years, it agreed to settle potential liability involving Cuba, Iran and Sudan from 2007 to 2012.
Impact Transportation buys $275,000 battery-powered tractor for yard operations.
Trucking executive points to final mile delivery as draining driver pool, so think about that on Cyber Monday.
We would be hard pressed to find a more colorful and controversial company than Tesla, making it as high as number 3 on our Freight.Tech list.
E-scooter startup Lime is having problems with vehicles catching fire – a problem it attributes to the batteries produced by Ninebot. It also is hearing complaints of bikes breaking down, which it figures is a design flaw of all Okai-manufactured vehicles, leading to a mass recalls on the said bikes.