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?
Debt levels are down and EBITDA coverage for that debt is up as the LTL carrier has a strong year and quarter.
Schneider National (NYSE: SNDR) reported strong earnings again in the fourth quarter, beating analysts’ earnings per share (EPS) estimates of $0.46. The transportation giant posted adjusted diluted EPS of $0.49, up from 2017’s fourth quarter result of $0.33.
Uber Freight is giving drivers the opportunity to rate shipper facilities. The information can be used by both shippers to improve conditions and drivers, who will see the details of a facility before accepting a load.
Americans have become used to buying fruit and vegetables year-round. But it wasn’t always that way, and improved transportation is the key to year-round produce.
After a day of choppy trading, a consensus seemed to emerge that CHRW was well-positioned to grow net revenues even in a re-balancing freight market.
The Canadian Chamber of Commerce CEO said Parliament probably will want to see how legislative consideration of the pact shakes out in the U.S. first.
Now is the time for export compliance officers to explain to senior management the reasons for the delays in BIS and hold the line on compliance.
China has problems that go well beyond U.S. tariffs.
Asset-light transportation manager sees results in-line with expectations, but softer rates coming up ahead.
Speed limiter regulations sat idling under Bush and Obama, so truck safety groups now look to Congress – and Trump – to put it in gear.
The company laid out its strategy in an SEC filing in the third quarter, and the fact that it is succeeding was evident in the numbers.
There aren’t too many signs of a slowdown in the class 8 order book, company officials said.
Desktop Metal, an additive manufacturing [3D printing] firm which specializes in metal printing, announced last week that it raised $160 million from a financing round led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries.
The Office of the USTR submitted a description of changes to existing U.S. laws required to bring the U.S. into compliance.
For the U.S. dairy products industry to pour its products into the British market, the U.K. will need to shed agricultural tariffs and non-tariffs currently shared with the EU.
Port handled 9.5 million TEUs in 2018 and believes technology can help solve “persistent systemic problems.”
Container volumes increased 7.5 percent; the port is dredging and adding cranes, truck gates and rail capacity to accommodate more growth.
Still too much reliance on spreadsheets for carrier procurement, Gartner exec says.
The Congressional Budget Office revealed the latest deficits it tracks for the Highway Trust Fund as Congress plans to debate new ways to pay for infrastructure.
CHRW grew earnings per share by 24%, top line revenue by 4.5%; and net revenues by 13%.
The operating ratio in every trucking segment of the company was improved and its outlook for 2019 is solid also.
Apple’s manufacturing partner Foxconn Technology Group, which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India.
Inxeption has designed the first blockchain-based e-commerce platform for B2B that catalogs and digitizes product information.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
No injuries were reported in the incident, which occurred early Monday morning, but both the crane and Evergreen ship sustained damage.
Trucking law specialists Scopelitis says that state arbitration laws—and not just the courts—can still be used to settle disputes between trucking companies and employees.
The Chinese telecom is charged with stealing trade secrets from T-Mobile USA and for violating U.S. sanctions against Iran through a misrepresented affiliate.
The Office of Foreign Assets Control has sanctioned state-owned Petroleos de Venezuela S.A. for illicit financial support of President Nicolás Maduro’s regime.
The NLRB overruled an Obama-era litmus test defining independent contractors, giving trucking companies’ defense against unions a boost along the way.
The Congressional Budget Office reveals latest stats on the diminishing Highway Trust Fund as Congress plans to consider new ways to pay for highway infrastructure.
New truck and trailer purchases currently include a 12 percent federal excise tax, adding tens of thousands of dollars to the purchase price. A new coalition is looking to lobby for the repeal of the tax.
Though semi autonomous trucks would be a reality in a decade, IRU believes that it would not displace drivers from the trucking ecosystem but would only make their jobs more sophisticated.
KeepTruckin recently nabbed the talents of Jairam Ranganathan, formerly Uber’s senior director of product.
Profitability will lag in high growth markets like Brazil and India, but aftersales services in NAFTA and the EU will drive profitability growth.
International Longshore and Warehouse Union says plan to automate Pier 400 puts robots ahead of people.
Panels will review U.S. Section 301 tariffs on China and retaliatory tariffs by Turkey against U.S. Section 232 measures.
CEO Frank McGuigan and CTO Jim French discussed customer-oriented technology, trends in digital brokerage, M&A, and the future of managed transportation.
Operations resumed Monday following the end of the government shutdown, but it’s still not business as usual.
Although sanctions against En+, Rusal and ESB were lifted Jan. 19, it took Treasury until Sunday to declare the action official.
Despite the temporary end to the government shutdown announced late Friday, the U.S. Census Bureau failed today to release its report on manufacturers’ durable goods shipments, inventories, and orders for the month of December 2018.
A former NTSB executive tells FreightWaves that “perishable information” critical to freight accident investigations is at risk of disappearing.
As a slew of regulatory and tech changes hit the trucking and freight industries, the businesses that succeed will be the ones that are open to innovation — and surveillance.
The still-high operating ratio came in for criticism while management says it will reveal all on February 11.
Bringg is a delivery logistics startup that integrates with logistics players and also with brands, bringing them together on an open platform where they can leverage the network and serve their customers optimally.
As of December 16, 2019, anyone running an AOBRD must switch to an ELD. There are steps that can be taken now to ensure the changeover will be painless.
A.N. Deringer, Inc., a leading international logistics provider and customs broker, has joined the Blockchain in Transport Alliance (BiTA).
Plus: More on the tech-lash, shippers, beware of millennials, an autonomous division bites the dust.
Is 60 degrees hot or cold? Is the freight market hot or cold? The answers to both questions depend on perspective.
The Reciprocal Trade Act would allow the U.S. to increase tariffs based on higher tariffs in other countries.
The Coalition for a Prosperous America pushed for a look at taxing corporate profits based on the location of sales.
Numerous flights in and out of New York’s LaGuardia Friday morning were canceled or rerouted due to a shortage of federal air traffic control and safety personnel.
OFAC adds Qeshm Fars Air to its list of sanctioned entities for its role in transporting weapons to support Iran’s military operations in Syria.
The numbers that have come out so far are showing few signs that there had been a significant fourth quarter slowdown.
Company looks to link states on peer-to-peer platform.
Port’s growing base of automotive and other shippers needs better way to move freight as traffic woes mean Charleston is ‘not as quaint.‘
The biggest hurdle to making an infrastructure plan work is figuring out how to pay for it. A Washington D.C. think tank says Congress is ready to consider mileage-based user fees.
The company moved up its operating ratio targets on the back of a strong performance in the early days of precision railroading.
One-quarter of carrier respondents to a new survey believe that driver pay will need to approach $100,000 a year before it makes a dent in driver turnover.
SupplyOn, an IT service provider that specializes in intelligent supply chain management solutions for discrete manufacturing in automotive, aerospace, rail, and engineering, has joined the Blockchain in Transport Alliance.
Nova Dynamics is testing DAX the robot in the tiny town of Philomath, population 4,760.
Financial transactions within the U.S. maritime sector – including vessel loans and project eligibility – are on hold waiting for an end to the government shutdown.
Wheels, a relatively new entrant to the electric scooter-sharing ecosystem has raised an investment of $37 million, which further reinforces the explosive interest shown by investors towards this segment.
Lower WTI prices mean slower pipeline construction and more pressure on crude-by-truck.
Chinese ecommerce behemoth JD.com is turning delivery schedules up a notch by introducing delivery drones in Indonesia and completing its first “government approved” drone delivery earlier this month.
Trade analysts shared their perspectives on how the Trump administration might deal with South Korea as the U.S. weighs whether to impose auto tariffs.
A KPMG webinar described how importers should file post-summary corrections and/or protests to claim refunds under the Craft Beverage Modernization and Tax Reform Act.
Executive Director Mario Cordero says even after a record 2018 the port is hopeful for additional volumes.
It was a great quarter for the railroad with revenue growth in all its product lines and increases in both operating and net income.
Covenant Transport (NASDAQ: CVTI) reported record revenue in the fourth quarter, beating analyst projections by $10.72 million. The company announced $272.3 million in total revenue, a 33.9% increase compared to the fourth quarter of 2017.
Port truck operators could potentially increase their wages by using a new service from NEXT that helps them run shorter runs and return to ports with empty containers. The company just secured $97 million in funding to help it expand.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
David Rowan, founder and editor-at-large for Wired UK, will deliver a keynote address on Day Two of the upcoming Transparency19 conference.
U.S. exporters may be tempted to prematurely re-engage with three Russian industrial giants reportedly relieved from Treasury sanctions before knowing all the facts.
Australia’s Heavy Vehicle National Law has been heavily criticised for being too bureaucratic, prescriptive and generally difficult to work with. A major review has been announced.
Heartland continues its strategy of being willing to walk away from revenue if it isn’t profitable and it is showing in the company’s operating ratio.
Demand for trained workers is growing, but few educators know how to teach the fundamentals of logistics as it is practiced today.
For-hire truck tonnage posted its best yearly growth since 1998, but a decline in ATA’s Index at the end of the year indicated some softening.
FMCSA Administrator Raymond Martinez wanted to “fast track” the HOS rules changes – but the government shutdown is in the way.
Blockchain based supply chain startup Citizens Reserve has partnered with IoT platform Smartrac to assign physical items a digital identity that can be carefully and accurately traced along the supply chain.
The combined brokerage expects to do $200 million in revenue this year.
Top supply chain trends and Rhode Island collects more in toll revenue than it expected, plus the growing scooter logistics sector and more container checks.
Bridgestone Europe is acquiring TomTom Telematics for €910 million, a definitive step towards bolstering its presence in the “mobility solutions” segment. This acquisition would provide Bridgestone the leverage to up-sell and cross-sell solutions to a broader customer base.
Commenters recently submitted their requests for provisions in a potential U.S.-United Kingdom free trade agreement.
A company that’s been doing it, a company that says it’s going to be doing it and a company that is being affected by others doing it: that was the theme on three calls about precision railroading.
Customs and Border Protection planned to start enforcing the in-bond changes on Feb. 6, but said the ongoing federal government shutdown forced its delay.
The sun is setting on the Australian shipping register as ship operators abandon the local coastal trading regime. Ship operators are fleeing the flag following the 2012 reforms.
Regulators say a database designed to standardize and simplify training certification for new drivers will be ready on time next year.
By joining BiTA, Daseke will be at the forefront of shaping the development and deployment of blockchain technology in trucking and logistics.
Lattice materials can be used to manufacture stronger yet lighter objects through the technique of additive manufacturing. A good place to start would be the automobile industry, which could do well with reducing its dead weight for improved fuel efficiency.
VAYAVISION’s new software is an autonomous vehicle environmental perception engine that fuses raw sensor data together with AI tools to create an accurate 3D environmental model of the area around the self-driving vehicle.
Analysis shows that the ongoing shutdown is impacting trade functions across the federal government.
U.S. exporters wait for official announcement from OFAC for guidance on how to proceed.
The European Commission submitted its proposal to the United Nations on Friday.
The enthusiasm was infectious. While most companies are in the exploratory phase of blockchain, we’re starting to see more and more people taking action on blockchain.
U.S. Xpress Enterprises is selling its interest in its Mexican cross-border operation, but the company is not abandoning the Mexican market, says its CEO.
Industrial production rose at a solid pace to round out 2018, helped by a jump in manufacturing activity during the month. The gain in output in December rounded out the strongest year for the industrial sector since 2010, and eased fears after a string of negative releases from manufacturing.
Just a few months after its CEO expressed some skepticism about the practice, the NAFTA-focused rail company will adopt its principles.
December was a month of growing uncertainty and severe declines in the U.S. financial markets. The only thing that seems to be growing is the level of ambiguity in everyone’s outlook.
In partnership with Slync… There are numerous reasons to be worried about the health of global trade and the goods economy, even though, in our view, a full-on macro-economic recession in the United States is still unlikely.
