FreightWaves CEO Craig Fuller, Chief Economist Ibrahiim Bayaan, and Senior Meteorologist Nick Austin discussed Hurricane Florence’s impact on freight, the general macroeconomic situation, and the upcoming IMO 2020 regulations on maritime fuel.
Artificial intelligence is a buzzword that has created a lot of hype in the transportation industry. But understanding the technology’s commercial utility is the need of the day.
Consumers are expecting brands to reduce unnecessary waste, source products responsibly, and use environmentally friendly transportation and logistics practices. Does this added pressure and complexity impact a company’s bottom line?
Able Freight Services, a leading global cold chain logistics provider with 25 years in business, today announced it has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation industry.
Legislation takes aim at international traffickers of deadly opioids by systematically closing weaknesses in U.S. Postal Service system.
The agency plans to submit its recommendations at the Commercial Customs Operations Advisory Committee meeting on Oct. 3.
Duncan Hunter was ousted after he and his wife were indicted on charges of misusing campaign funds.
Connecticut Port Authority hires business development and special projects manager; British International Freight Association brings on an additional trainer.
Transportation services firm misses first quarter estimates as company accelerates pay raises and bonuses.
AirHelp was founded in 2013, and has helped more than seven million people worldwide to process airline compensation claims worth almost $930 million in total reimbursement.
We may have seen one of the most important legal decisions in the short life of cryptocurrencies. The precedent has been set that they can be regulated as securities.
Although the laws have been on the books for decades, violations — and penalties — still occur.
Freightos raised an additional $44.4 million in a third round of funding, led by the Singapore Exchange, as it seeks to expand into risk management tools for container shipping.
Individuals knowing of a reason why an applicant should not receive a license change should contact the Office of Transportation Intermediaries.
FMC reviews nine OTI license applications
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the FMC’s Office of Transportation Intermediaries.
Volvo Trucks has unveiled its concept autonomous electric vehicle that it believes could help create a more efficient and cleaner transportation network, while acting as a complement to existing solutions.
A tanker barge operator, a Jones Act steamship line, and North America’s largest 3PL all posted big gains on the day, leading Dow Transports to a record intraday high against a softening broader equities market.
FreightWaves spoke to GlobalTranz CEO Bob Farrell and AFN Logistics CEO Owen Schnaper about the deal.
Karma Delivers is looking to the future of social impact collaboration in the logistics space, where a natural market need exists for technology firms to empower NGO’s and nonprofits with software donation programs and access to education resources.
A pair of releases this morning show that retail spending and industrial output expanded in August, signaling that some key components of freight demand continue to grow at a healthy pace in the 3rd quarter.
Team Worldwide, a diversified global logistics provider that offers “best in class” logistics, freight forwarding, customs brokerage, truck transportation and other solutions for its customers around the globe, has joined the Blockchain in Transport Alliance (BiTA).
Data from LinkedIn’s monthly workforce report shows that hiring in the transportation and logistics sector has continued at a strong pace throughout the last year. While this reinforces much of what has been reported through government statistics, LinkedIn is able to leverage its unique social media data to discover new trends about labor markets in the economy.
The bill supports the U.S. Army Corps of Engineers’ navigation program and Harbor Maintenance Tax-funded work.
House subcommittee conducts hearing on “one of the most complex safety mandates ever undertaken by the railroad industry.”
Railroad makes leadership moves; 3PL opens and staffs Tennessee office.
Beyond the Hours of Service rule that is under consideration for changes by the federal government, the introduction of the hard ELD rule has created several other less-publicized problems.
Getting participants to join the supply chain is “the number one challenge by far,” says Piscini. “We’ve created the platform to incentivize players across the industry.”
Export license restrictions could be tightened if election interference is uncovered.
Is CMA CGM’s decision to lower Asia-Europe freight rates the first domino to fall in a new race to the bottom?
Trucking association sought to take one tool from state regulators for classifying drivers as contractors or full-time employees.
Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.
RTS is injecting technology into the archaic garbage industry processes, helping bring visibility and transparency into waste disposal and recycling.
“You have to have the human touch. It’s not robots. How do we take data and take the digital world and do something meaningful with it, do something human with it,” says Keith Mader, VP of analytics.
Data on producer prices shows that overall inflation pressure eased further in the 3rd quarter, declining for the first time in 18 months. Trucking prices also calmed during the month, as big declines in long-distance trucking and LTL rates offset rising rates among local carriers.
The improved efficiencies aimed at dispatchers and billing departments, should prove a boon for drivers too, and therefore is another shot at increased driver retention.
The North Carolina and South Carolina port authorities will close their marine terminals to truck and vessel traffic Thursday and Friday.
More input should be added to the mix before legislation is fully cooked.
Ripe.io provides enterprise blockchain technology for the food and agriculture industry in an effort to create greater trust and transparency between food producers, contributors and consumers.
U.S. job openings rose in July to a new record, adding to signs of labor-market tightness that may push wages higher. Within the transportation and logistics sector, openings continue to outpace hiring as businesses are finding considerable difficulty trying to fill positions.
Acting chairman asserts proposed rule is designed to “get us back into the navigation channel of longstanding precedent.”
Freight Management Inc. (FMI), a certified veteran-owned and family-run technology- leveraged third-party logistics (3PL) provider, recently became a member of the Blockchain in Transport Alliance (BiTA).
American Logistics Aid Network launches web page providing updates on transportation and supply chain conditions in impacted areas.
Shippers can leverage operational metrics from the mandatory devices, says Descartes Systems Group.
Robust demand growth has carriers scrambling to get enough trucks on the road, according to FTR Transportation Intelligence.
Freight forwarding giant needed easy way to transmit container weight data.
One year after the U.S. House of Representatives passed the bipartisan SELF DRIVE Act, House Energy and Commerce Committee leaders called on the Senate to advance automated vehicle legislation.
Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.
Container carriers have tried integrating ocean and overland transportation before; it may have a better chance to catch on now thanks to supply chain technology advances.
Container throughput at the Southern California port slid another 1.9 percent year-over-year in August after falling 4.4 percent in July.
While many in the brick-and-mortar retail businesses applaud the decision as an effort to even the playing field between online and traditional retail, others are concerned with the negative effects the decision is sure to have on small online businesses.
Union representing 14,500 employees says new deal aims to bring stability and peace to US docks.
“It’s not just about cars and satellites and cereal,” says CEO Lou Rassey. “It’s about feeding and empowering the world with the things we make. That’s the heart of Fast Radius.”
Job growth continued its remarkable pace in August, and data on hourly earnings show that wage growth is advancing at the fastest pace in over nine years. Strength in the overall labor market continues to spill into the trucking industry, which added jobs for the 11th time in 12 months.
Delta bought a refinery to hedge its exposure to the jet fuel market, and now it wants some partners to help share the burden of other fuels.
Which jobs in the trucking industry are most at risk to autonomous trucking, and what can we do to prepare?
The U.S. Department of Transportation’s Check the Box campaign aims to educate package shippers about the risks and responsibilities with hazardous materials.
DeLaney elected to board of directors, Rea joins executive group, Hernandez promoted and Herrera hired.
Ocean carriers and terminals have seen a boom in the fees they charge for container usage. But U.S. regulators are looking at the practice.
The United States Court of Appeals for the Sixth District sided with a truck manufacturer in a products-liability case claiming an alternative truck design would have prevented serious injuries obtained when a 19-year-old women crashed into the side of the vehicle.
The Tax Cuts and Jobs Act offers owner-operators more savings.
One of the more powerful potentials of blockchain’s transparency and efficiency is through what consumers think of as returns, and industry participants refer to as reverse logistics.
K & L Freight has invested heavily in technology and data and grown 5x in the past two years. The next step is offering financial services to help their shipper customers hedge against spot market volatility.
The Southern California International Gateway is no nearer completion 13 years after it was first proposed.
An interim report released this week identifies how the application of charges by marine terminals and ocean carriers may be improved.
The United States’ deficit in goods and services trade expanded 9.4 percent in July following a 7.5 percent increase the previous month.
The e-commerce fulfillment and technology provider also opened its largest fulfillment center in Chicago.
The logistics software provider saw profits rise 18 percent year-over-year thanks to a 17 percent jump in revenues.
Lucas Keuhner is promoted to executive vice president; hired are Peder Winther as EVP, Owen Schmidt as COO and Alexandra Lersey as controller.
The Senate Commerce Committee approves pick for assistant secretary for aviation and international affairs.
Combined carload and intermodal shipments have grown 4 percent year-over-year through August.
A Norfolk Southern executive suggested that the company’s management will have a lot to talk about on its next quarterly earnings call.
Is there a way to protect consumers in the multi-billion dollar counterfeiting black market?
CargoX used a smart contract-powered bill of lading to reduce transfer and payment times to four minutes. FreightWaves spoke with CargoX’s CEO Stefan Kukman by phone.
Advent Intermodal Solutions (www.adventintermodal.com), a leader in information technology and cloud-based software solutions for port and terminal operators and landside logistics, has joined the Blockchain in Transportation Alliance (BiTA).
ITL, a Chicago-based company specializing in warehousing and logistics, recently became a member of the Blockchain in Transport Alliance (BiTA).
xChange is helping container lines reduce their dead miles, by providing them with one-way container moves or SOCs from 2500 locations across the world.
Box volumes grew 2.1 percent year-over-year in July after a revised 3.3 percent increase the previous month.
Port has a new chairman of the board; logistics companies in the United States and Europe fill roles.
A joint venture between three longtime project and heavy-lift cargo vessel operators has received the governmental approvals to get under way.
Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.
Survey data from the manufacturing sector improved significantly in August, in a sign that activity continues at a strong pace after robust growth in the 2nd quarter.
Wipro Limited, a leading global information technology, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA).
The Blockchain Research Institute (BRI) and Blockchain in Transport Alliance (BiTA) today announced a new partnership to improve coordination, cooperation and governance within their respective memberships.
Offshore oil drilling across the East coast could end up destabilizing the fishing industry which brought in more than $500 million last year. Building offshore wind power farms could be a better alternative as it would keep the oceans clean while producing energy.
The economic roundup is a monthly summary of the various factors that affect freight demand and supply in the economy. Data releases in August showed an economic that was performing generally well, but softness in housing and trade are likely to impact freight demand.
Drones may someday soon become a primary delivery method of last-mile, but they likely won’t be the only solution, as flexibility in methods will be key to successful delivery.
Grafton & Upton Railroad unloads wood pellets at its Massachusetts facility and represses broken pellets into whole ones before transferring them to trucks.
The European Commission is committed to review its quota system to import hormone-free beef into the trade bloc.
Peter Stefanovich of Left Lane Associates, an M&A advisory firm for the transportation industry, talked to us about the current outlook for M&A and why now is the perfect time to sell.
Two shipments of pineapples also contained nearly 200 pounds of cocaine.
Marketing executive says reforms to trade deal take uncertainty from local customers.
Private equity group Summit Partners has acquired cloud-based TMS provider MercuryGate, and wants to bring the platform to Europe after fixing implementation issues.
Consumer expectations with regard to last-mile delivery have been evolving rapidly, and businesses need to look towards technology to address those needs.
Maersk is taking notice of the coming regulation that will impact the quality of the fuel burned on ships, and has the potential to kick back into the diesel fuel market. Also: an underride decision, a revealing quote out of China.
Just how a Deerfield, IL, company became so important to the industry is a long story that starts with the teletypewriter, a macaroni-twisting machine and its namesake and founder, Edward Kleinschmidt.
ELDs are one part of the overall telematics picture that fleets can utilize to greater efficiency, according to a new survey of fleets.
The Icelandic shipping company benefited from higher volumes but encountered headwinds from changes in currency exchange rates.
Powell returns as chief technology officer; Gingsjo promoted to head project management services.
Ecommerce in Indonesia supports 4 million jobs today, with McKinsey expecting the number to reach 26 million in the next five years. All that the country needs right now is a strong logistics network and surplus skilled labor.
