FMCSA has agreed to implement a series of actions as it works toward the possible implementation of a more data-driven to identifying at-risk carriers for intervention.
Electric vehicle technology and autonomous. So much excitement; so much investment. Here are the three essential takeaways the report offers for industry stakeholders.
JP and Zach Strickland were at the McLeod CFO conference at the Westin in Nashville. We sat down with BiTA Managing Director and co-founder (and FreightWaves CEO!) Craig Fuller and McLeod’s VP of Special Projects Ken Craig, also a BiTA cofounder, to talk about the history of the Blockchain in Transport Alliance. We talk about technology alliances, intellectual property, data standards, and, of course, the promise of blockchain.
Auto cybersecurity, legislation backing, and concrete liability definitions are all critical to seeing autonomous vehicles on the roads.
Blue Horseshoe, a global software and services firm specializing in supply chain and logistics, has joined the Blockchain in Transportation Alliance (BiTA).
Throughput of containerized cargo at the Southern California port fell 4.4 percent after several months of growth.
A decline in both laden imports and exports was offset by surging empty container movements in June.
Leadership changes are announced, promotions are carried out and key roles are filled.
Quick Quotes generates pricing for standard and reefer containers in less than 30 seconds.
Applicants are doing business in New Jersey, California and Florida.
Charleston Harbor deepening part of expansion work under way.
The Georgia Ports Authority increased year-over-year container and roll-on/roll-off cargo volumes.
The logistics provider and container terminal operator finalizes deal to buy Estonia-based Transiidikeskuse AS.
While pie-in-the-sky dreams of utopian smart cities fill the media waves, we wondered about what a smart city would mean for commercial transportation and the supply chain.
Commentary: Without a regulatory framework, deterioration, diversion and dysfunction will remain.
MITRE Corp. recommends the Defense Department establish a national supply chain intelligence center.
Fish and Wildlife Service ruling will subject the South American native bird to import and export restrictions.
The independent tanker company recorded a net loss of $12.5 million in Q2.
RAE-I.T. Asset Management cited for improperly packaged lithium battery shipment.
Both of the primary indices show spot container freight rates are up from last year.
The idea behind the new training program is to work with the drivers involved in an incident right away, wherever they are, and not eat up too much of their time.
Land O’Lakes is moving Purina Feed loads via the Uber Freight app along several lanes, including one in Texas where 100% of the loads are posted to the app.
Seven acquisitions in the past year have nearly doubled Daseke Inc.’s topline revenue; Aveda Transportation in particular is a high-performing division commanding rich per-mile rates.
Morgan Stanley’s Truckload Freight Index has decreased over the last two weeks and has now underperformed seasonality two updates in a row. This seasonal deceleration is not unusual, as July and August tend to be weaker.
Chinese oil and PNG demand is hitting the roof; EU is interested in buying U.S. PNG supply; trade tariffs on China might end up increasing cost of fish in the U.S.
With the recent chatter of a “housing crisis,” and the market reaching a “peak cycle,” we decided to take a closer look at what is going on.
The Taiwanese ocean carrier expects a healthier second half of the year, driven by an improving supply-and-demand ratio.
Grants will enhance container-on-barge services in Louisiana, Virginia, New York and Connecticut.
Madrid-based company touted as leader in Spanish customs and border compliance technology.
Data on producer prices shows that overall inflation pressure calmed at the start of the 3rd quarter. Trucking prices continued to climb during the month however, particularly for long distance trucking where rate inflation has pushed to a new record high
In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.
Ultimately, the winner of the e-commerce battle, whether groceries or the greater retail one, will come down to which company better understands human behavior.
Workhorse Group, a technology company focused on offering sustainable mobility solutions, announced a new public offering of its common stock to raise additional funds as it works towards profitability.
World’s largest shipping company and information tech giant aim for frictionless trade with TradeLens
Fergus Caldicott, long-term DAT executive and VP of Technology has been appointed to the role of Chief Operating Officer at FreightWaves.
More than 100 ships, many at Gulf Coast ports, have been affected, and the first lawsuit has been filed.
TradeLens is designed to promote more efficient and secure global trade.
ITC decision authorizes the continued collection of antidumping duties on imports from Taiwan and South Korea.
From service withdrawals to scrapping, the industry tries to find balance.
The class 1 railroad owned by Berkshire Hathaway had the worst OR of any of the class 1 railroads for the second quarter.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
The city of Cupertino is looking towards hyperloop to reduce its woes with regard to transportation. Apple Inc., the biggest presence in the city might help.
The Americans for Modern Transportation is speaking out against the American Short Line and Regional Railroad Association’s push for tax breaks.
Global demand for air cargo grew 2.7 percent in June following increases of 4.2 percent in May and 5.2 percent in April.
The Commerce Department in a countervailing duty investigation found evidence of government subsidies used by Vietnam to support exports of laminated woven sacks.
Uber shut down its self-driving truck platform last week but promised in an exclusive interview with FreightWaves that Uber Freight was not going anywhere. Today, the company has not only confirmed that promise, but it has doubled down on the future of Uber Freight.
Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.
In the last few weeks, Volkswagen AG has been fined $1.2 billion by a German court over its Dieselgate scandal and is now looking at recalling 124,000 vehicles as it discovered the presence of cadmium in chargers of its electric car variants.
Omnichain Solutions (Omnichain), a supply chain technology startup that leverages the power of Blockchain, announces it has joined the Blockchain in Transport Alliance (BiTA).
Becoming a smart city is not a goal but a means to an end. The point is about the people, and no one wants to be left behind when everyone is doing it.
U.S. beef and lamb shipments to other countries increased.
The container and railcar leasing company’s year-over-year net income increased more than 50 percent in Q2.
Agreement hailed as “important step in ensuring that American farmers and ranchers can continue to expand their exports.”
Sandler Travis attorney Lenny Feldman and Avalon Risk Management CEO Lisa Gelsomino will head up the Customs Operations Advisory Committee.
Survey data in both the manufacturing and service sectors signal that growth continued at a slightly slower pace at the start of the 3rd quarter. Concerns over tariffs, labor shortages, and freight capacity remain issues in the economy overall, and may have contributed to the moderation in growth.
Waymo is partnering with Valley Metro, a public transportation authority in Arizona, to shuttle people to and from public transportation stops via autonomous cars – thus planting its feet firmly in the race to put self-driving vehicles on the road.
MercuryGate International, Inc., a leading provider of transportation management system (TMS) solutions, announced today that the company has joined the Blockchain in Transport Alliance.
Tranzport, a logistics technology and services company, has announced it has joined the Blockchain in Transport Alliance (BiTA).
The United States’ deficit in goods and services trade climbed 7.4 percent in June after narrowing to its lowest level in 18 months in May.
The WCI surged 13.5 percent last week, while the SCFI grew 3.1 percent compared with the previous week.
Carriers are “desperate” to increase their fleets to keep up with demand, but supply is limited, according to FTR Transportation Intelligence.
Ocean carriers transported just under 14 million TEUs in June, a 1.3 percent increase from the same month a year ago.
The Class I railway benefited from increased volumes, higher average revenue per car/unit, a tight trucking market and a lower effective income tax rate.
“Canada remains disappointed with the final duty rates announced by the U.S. Department of Commerce,” says foreign affairs minister.
Alliance wants to ground FAA reauthorization bill provision it calls “dangerous” and “reckless.”
AAR senior VP says despite the continued strength of the U.S. economy, recent trade policy moves could have a negative impact on freight rail volumes.
A team of former Nokia Research engineers has built a hardware-agnostic video telematics platform that is already being white-labeled by some of the most important telematics service providers.
As the market for IA technology grows, Slync is expanding and investing in its people to solve customer problems and meet demand.
In today’s pickup, CEOs on analysts calls don’t see a peak and see better driver retention for their companies. Also: OPEC output and a change in Chinese scrap policy.
Job growth fell short of expectations in the economy in July after robust hiring over the past several months. Labor market conditions remain tight, however, as the unemployment rate neared historic lows at the start of the 3rd quarter. Within trucking, hiring continued to improve a solid pace in July despite the moderating job growth in the overall economy.
Collabrian Design and Technology, a provider of digital transformation solutions to the transportation and logistics industry, has become the newest member of the Blockchain in Transport Alliance (BiTA).
The judgement pertained to a company policy that resulted in drivers who must temporarily move into non-driving roles for medical reasons being paid less than drivers making the same move for non-medical reasons.
The multimodal transportation service provider plans to use proceeds from a potential sale toward new service lines, existing businesses and technology.
Revenues growth of 17.7 percent attributed to yield improvement, higher shipments and tonnage, and increased fuel surcharge revenues.
Growth in North America attributed to higher fuel prices, lack of truck capacity and strong economic performance.
Firms shed 1,300 jobs during July, but June hiring figures were revised upward.
Arbitrator finds government attempted to evade contractual obligations.
Receipts from the June IPO allowed a significant reduction in debt while other initiatives cut its OR to the lowest level in years.
The European Union said it will not allow the United Kingdom to continue benefiting from its customs procedures and duty collection once it exits the EU customs union.
Autonomous vehicles are the future, but how does the path to automation look like?
Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.
Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.
Cyberattacks increase with technology inclusion in supply chains; Tesla doubles loss this Q2; China is pumping billions into OBOR strategy; Aramco drops IPO as fuel prices rise.
Maverick Transportation LLC, is excited to announce it has joined the Blockchain in Transport Alliance (BiTA).
Ultimately, the winner of the e-commerce battle, whether groceries or the greater retail one, will come down to which company better understands human behavior.
ArcBest Corporation (NASDAQ: ARCB) recently finalized a new 5-year contract with the International Brotherhood of Teamsters. The new contract brought “major gains” for members, including vacation restoration, wage increases and health benefit preservation.
The Hong Kong-based containership leasing giant’s net earnings shot up 140.5 percent.
“U.S. prices for both soybeans and soymeal are currently the most competitive on the market.”
Attorney Benjamin Trogdon joined the U.S. Federal Maritime Commission in 2000.
An OOIDA Foundation survey found parking problems across the nation, safety issues and cost concerns.
Freight demand remained strong through the end of the 2nd quarter, but growth is likely to normalize through the 3rd quarter as some of the temporary boosts to economic activity fade.
The trucking industry awaits rulings from the courts, and through legislation, regarding the status of drivers. How often will rest breaks take place, and will they be paid? How will drivers be defined as independent contractors? What will be the implications either way?
Stifel’s super-team of equities analysts took a hard look at trade war risk for carriers in every mode and various types of logistics service providers. Dry bulk maritime is the most exposed, while air cargo is the least. Railroads and intermodal carriers like JB Hunt and HUB Group also have significant risk.
The success of electric vehicles lies in the cost efficiency and scalability of its batteries. The supply of lithium and cobalt over the next decade would end up defining the extent of that success.
Tolls once graced Connecticut highways until the mid 1980s, but the state is now looking at bringing them back to increase revenue. The state trucking association says it is the wrong approach.
Delta Air Lines was sued when pricey Savannah kitten landed with a broken hip.
PEIR uses blockchain and digital image technology to allow users to prove they are not liable for container and trailer damage.
The Danish global transport and logistics provider saw year-over-year earnings growth in all three segments.
CEO Tobin Moore said the retail returns specialist will use the latest equity round to accelerate product adoption and further invest in research and development.
The Bureau of Industry and Security said the Entity List designation is for “acting contrary to the national security or foreign policy interests of the United States.”
