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.”
The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman.
Berwick Offray of Pennsylvania petitioned Commerce to launch an investigation.
Following the announcement of the end of Uber’s self-driving truck program, Uber reached out to FreightWaves for an opportunity to discuss Uber Freight and to check the pulse on the self-driving industry.
UPS today announced a collaboration with Thor Trucks to develop and test a fully-electric class 6 delivery truck in Los Angeles.
As the California Air Resources Board (CARB) prepares to finalize the phase 2 greenhouse gas (GHG) standards and amendments to the tractor-trailer GHG regulation, Fresno-based carrier John R. Lawson Rock & Oil has released a statement calling the proposed regulations illegal.
Hapag-Lloyd believes that data standardization would help various stakeholders to collaborate together and improve the supply chain efficiency in the maritime industry.
The former head of innovation for Bridgestone has been appointed as Managing Director of Freight.Tech, an engagement platform built for companies that want to navigate the waters of innovation and market disrpution.
A spokesperson told American Shipper the move will not affect Uber Freight, the company’s on-demand trucking unit.
Grants to upgrade runways, taxiways, aprons and terminals will go to 522 of the nation’s airports.
Check out the latest hires and promotions in logistics, port management, transportation technology and maritime insurance.
Despite the sequential decline, year-over-year growth in the American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index continued.
The General Services Administration, along with the White House’s Office of Management and Budget, present road map for federal government’s future use of e-commerce.
The freight transportation technology provider says customers can strengthen brand loyalty, meet on-demand expectations and lower costs while increasing productivity.
The Greek dry bulk vessel owner benefited from higher time charter rates and enlargement of its fleet.
Without self-driving trucks, what is the point of Uber Freight?
All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated
An attorney speaks on the case of a driver fired after objecting to driving a truck he considered unsafe. His award didn’t even reach $5,000.
Uber Freight is poised to rise quickly in the fragmented freight brokerage business, but there are some factors that could hinder its growth: limited market penetration of digital apps, the Uber Freight app’s weak intelligence into routes and hours of service, and incumbents’ tech investments.
The 444-page document outlines how the agency intends to treat controversial alcoholic beverage procedure under modernized process.
The Swiss freight forwarder says using the blockchain-backed electronic bill of lading will give it a leg up on the competition.
Ruest and Owens named CEOs; Krishnamoorthy hired as VP of engineering.
The SCFI jumped 8.8 percent last week, but is still lagging behind the index reading from this time last year.
The U.S. truckload operations of TFI are mostly at CFI and Truckload America, and both had stronger quarters.
A driver was fired after objecting to driving a truck he considered unsafe. His award didn’t even reach $5,000.
ShipChain, a South Carolina-based blockchain logistics startup, successfully resolved a dispute with the Securities Division of the South Carolina Attorney General’s office. A cease and desist order entered in May was vacated yesterday.
USA Truck had an aggressive plan to add trucks to its fleet, but delays at the OEMs are falling short of the targets.
After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back but remain in a strong growth range.
Oil production faces volatile times, as multiple OPEC countries witness geopolitical problems and unstable governments, leading to the possibility of yet another rise in fuel prices.
Growth in the US economy improved considerably in the second quarter of the year, as a rebound in consumer spending helped drive the strongest quarter of growth in nearly four years.
COSCO shipping came under a cyber attack this week, which reinforces the need for comprehensive cybersecurity regulations within the maritime industry as the future moves towards port automation and autonomous shipping.
Fuel remains among the largest costs for both carriers and shippers but based on the current practice of using a fuel surcharge to mitigate volatility in pricing, both parties remain at risk of ending up on the losing end of the deal.
The rate is the fastest since the second quarter of 2014, but analysts warn trade tensions could weigh down growth in the near future.
The asset-light trucking company’s second-quarter net income jumped up 67 percent from last year.
The tank barge operator posted consolidated revenues jump of nearly 70 percent.
The German government also will promote the shift of freight traffic from road to rail.
CEO says outlook “promising, thanks to growing customer demand for rail shipments across most commodity groups, particularly in North America.”
Tennison promoted, Coleman hired and Egoscue elected.
It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.
The asset light logistics provider had financial records across the board and in a driver squeeze, added capacity.
The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.
Amazon spent $21.7 billion in shipping last year – a number which could be reduced if the company took control of its supply chain instead of partnering with 3PLs.
Used truck prices in June were changed little month-over-month, but posted a 15% increase over June 2017, according to ACT Research.
The Chinese shipping line said all of its vessels are operating as normal.
The less-than-truckload carrier had Q2 net income of $163.4 million on revenues of $1.03 billion.
The 3PL company saw its revenue climb in both its key units, with its services in demand in a tight market.
Knight-Swift Transportation Holdings (NYSE: KNX) reported revenue growth and rising income across much of the company, with the notable exception of Swift’s refrigerated segment, during its second quarter 2018 earnings call.
CEO, SVP, sales director and consultants appointed.
House Transportation and Infrastructure Committee Chairman Bill Shuster seeks bipartisan legislation to keep nation’s Highway Trust Fund solvent.
Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.
UPS reported strong revenue supported by pricing and targeted growth initiatives during its second quarter earnings call Wednesday. Adjusted earnings per share climbed 23 percent to $1.94, and total revenue was up nearly 10 percent.
Growth in its dedicated and ChoiceLease programs drove a strong second quarter for Ryder System (NYSE: R), helping the leasing and rental giant surpass earnings expectations for the second straight quarter.
The truckload carrier is relatively small, but it had a tremendous second quarter.
The improved Operating Ratio posted by Norfolk Southern wasn’t enough to stop analysts from asking about its comparison to that of CSX.
According to CB Insights, “the maritime shipping industry accounts for 90% of global trade and is only now beginning to leverage technology. This shift could have far-reaching impact on retailers, consumer goods companies, manufacturers, and more.” With this important industry in mind, CB Insights hosted a July 24 webinar to “explore how shipping companies and global ports are utilizing automation and blockchain technology to revolutionize the shipping industry,” taking a look at various aspects of the supply chain along the way.
Chassis lessors had raised objections to the agreement.
CN had a strong quarter as it comes out of system problems that stretch back into 2017.
Foreign affairs minister says businesses and workers on both sides of border impacted.
The Federal Maritime Commission has completed compromise agreements with eight non-vessel-operating common carriers, resulting in the recovery of $618,000 in civil penalties.
The Class I railroad will pay $1.2 million to the U.S. government and $1 million to West Virginia for the environmental damage caused by the derailment.
The Class I railway also declared its third-quarter dividend to be paid to shareholders on Sept. 28.
There is a fear on the part of some investors in the trucking space that a peak may have been reached.
Demand in the economy continues to grow at a solid pace at the start of the 3rd quarter, but a myriad of government survey results suggests that trucking capacity and concerns over tariffs have limited the performance of several sectors.
Among today’s highlights: a drop in spot rates, Werner comments on driver availability, Rhode Island collects more than expected
Hyperloop Transportation Technologies (HTT) has inked a deal with the province of Guizhou for creating China’s first commercial hyperloop track.
Leaders from several different safety advocacy groups came together to ask the U.S. Senate to add safeguards to the AV START Act (S. 1885), a bill that addresses autonomous vehicles.
Werner Enterprises had a strong second quarter, trouncing analyst consensus on its expected performance. Here are some of the highlights from its earnings release.
LxRoadFreight is the first customer relationship management solution designed specifically for U.S. trucking carriers and brokerage firms.
Driver turnover percentage the lowest in 20 years.
Company wants to add foreign components to gift sets packaged in Florida.
Comments, objections and requests for hearings must be filed by Aug. 22.
The U.S. Council for International Business has formed a special committee within its membership to address the threat that illegal trade poses to global markets and industries.
Foreign components will be used in production of wire harnesses at Hampshire plant
Connecting the dots to bring value — and style — to the masses.
Aside from providing track and trace solutions, Loginext uses machine learning to provide organized logistics and field service management solutions in the most cost-optimized way.
Chainyard, North Carolina’s largest blockchain specialist, announces its alliance with Blockchain in Transport Alliance (BiTA).
The driver pulling frac sand had drugs in his system and had numerous moving violations. That ultimately is what appears to have led to such an enormous penalty.
Panelists from Redwood Logistics, Slync, the Trusted IoT Alliance, and Flux Protocol discussed the difficulties of pushing adoption of blockchain-powered IoT devices, despite the technology’s obvious potential.
Although many of the changes were expected, there were a few surprises in the amended freight pricing requirements for NVOCCs, writes international trade attorney Carlos Rodriguez.
Thirty-four Democrats and one Republican opposed the measure, as 133 Democrats voted present at the insistence of House Democrat leadership.
Letter to key members of the Trump administration urges U.S. Customs and Border Protection to immediately issue Trade Facilitation and Trade Enforcement Act drawback regulations.
In a speech attacking the very premises of decentralized cryptocurrency exchanges, BitMEX CEO Arthur Hayes laid out what traders really care about, and what makes futures exchanges successful.
