Business

Appalachian Regional Port inland rail terminal slated to open in August.

Rapid growth in cargo volumes and spending has started to stretch domestic infrastructure to its limits, according to economist Donald Broughton.

The railcar lessor’s net income fell 27.3 percent from last year’s second quarter to $38.8 million.

Local stakeholders tell Senate Finance subcommittee federal programs could benefit from more opportunities for private-sector participation.

The WCI rose 5 percent year-over-year last week, but the SCFI is now down 9.5 percent compared with the same 2017 period.

The House Foreign Affairs Committee chairman has asked the State Department to suspend removal of export controls currently in place for certain software.

A deaf trucker got his CDL, got a pass from FMCSA, had a job, but Werner said the law wouldn’t allow it to hire him. Now the case is in court.

Wolf Direct, an emerging U.S. transportation solutions provider has announced their membership in the Blockchain in Transport Alliance (BiTA).

Amazon (AMZN: NYSE) is a power player in the online grocery scene, with sales growing at a rate of 40 percent year-over-year.

After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back slightly before stabilizing in a strong growth range.

Tesla stocks fell by about 2.5% today after a Needham analyst raised concerns on the increased cancellations of Model 3 cars over different reasons like long waiting times, unavailability of base model and the expiration of the $7,500 credit.

Throughput at terminals operated by the Northwest Seaport Alliance grew 8.6 percent in June after three straight months of year-over-year declines.

The railway continues to invest in Mexico and remains on track with positive train control implementation.

The amendments are designed to expand choices for shippers, reduce regulatory requirements and increase efficiencies.

The temperature-sensitive truckload carrier’s operating revenues climbed almost 15 percent.

Woodioso Technology Ltd. may have to pay $160,500 for improperly documenting, packaging and shipping lithium ion batteries.

Volvo’s Q2 had the company’s sales earnings climb past hundred billion Swedish kronor, buoyed by double digit growth figures around the world except Europe, where its market has stabilized and is at the point of saturation.

Analysts have issues with the operating rate, and price increases that seem small compared to the transport sector as a whole.

In partnership with Reliance Partners …With autonomous vehicles virtually at our doorstep, it is becoming mission critical for carriers and drivers to protect themselves. Points of vulnerability will be exploited by those who seek to cause harm, economically or otherwise.

Mack will now offer the Lytx DriveCam safety program as a pre-wire option on Granite models, joining the TerraPro and LR cabover models offering the option.

U.S. Customs and Border Protection currently cannot issue administrative protective orders in duty evasion investigations.

The Class I railway posted a net income of $1.51 billion on revenues of $5.67 billion.

“With truck capacity continuing to tighten,” strong performance expected for remainder of the year.

Recent increases in oil prices have revived some debate over the effect that oil has on the economy and freight markets. While evidence suggests that the recent increase has helped growth, there are some limits to the benefit that the market can gain from higher oil prices.

“I am unaware of anyone using ELD to make these smart matches. We are excited about pioneering this approach that benefits drivers, carriers our economy and our ecology,” Russell Jones, Cargo Chief’s CEO, tells FreightWaves.

As parking spaces take up most of the available land in the central districts of cities, it is time to rethink the way people transit in the cities of the future.

Net earnings jump 72 percent year-over-year; plan on track to reduce workforce by 2,000 in 2018.

Year-over-year domestic rates in June moved up 9.5 percent, a third consecutive record increase.

According to a Global Cold Chain Alliance survey, price and customer service round out the top three factors when choosing a provider.

Uneven growth trend may continue as carriers remove capacity from transpacific trade lane.

North American intermodal rates grew for the 21st consecutive month in June, according to the latest Cass Intermodal Price Index.

CEO warns port will soon reach maximum capacity.

American Maritime Partnership-sponsored report shows Walmart prices the same in San Juan and Jacksonville.

CSX hit records on operating ratio while improving train speed and dwell time, but says intermodal still needs a “ton” of work and pricing will reflect CSX’s “superior product.”

In spite of fuel surcharge adjustments, Marten today reported a 49.9% improvement in net income to $13.7 million, or 25 cents per diluted share, for Q2 that ended June 30, 2018, from $9.1 million, or 17 cents per diluted share, for Q2 of 2017.

Laboratory grown meat is coming to the market soon, and this could disrupt traditional food supply chains as the trucking industry might haul lesser livestock in the future.

The FedEx Institute of Technology is partnering with Good Shepherd Pharmacy to build a new blockchain infrastructure in Memphis to help get needed cancer medications into people’s hands.

Cashflow Corner presented by TriumphPay …When owner-operators and small fleets make the decision to expand their businesses by adding trucks and people, they often turn to the online payroll systems to pay them.

The trucking and intermodal company’s strong earnings were fueled by higher freight rates and strong demand.

The company continues to expand its footprint in the transport of perishables.

Freight-matching marketplace acquired technology solutions provider.

Customs will continue to suspend liquidation for subject merchandise entered on or after Nov. 22, 2017.

Butner elected board president; Magnusson joins advisory committee; Oud named to panel; and Pulfer hired in Ohio.

U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter.

Boeing 777 Freighter is one of the most sought-after cargo flights in recent history, with DHL Express and Qatar Airways finalizing orders at the Farnborough Air Show today.

APL Logistics, a provider in integrated logistics, has become the latest member of the Blockchain in Transport Alliance (BiTA).

A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.

Daimler has decided to stop production of a certain type of diesel engine till it clears issues regarding NOx emissions that slightly exceed maximum threshold values.

For customs valuation purposes, the use of the transfer pricing method to calculate transaction value faces an uncertain future in the EU, as a European Court of Justice ruling could […]

The SCFI rose just under 1 percent last week, while the WCI slipped 2 percent.

Cargo.one will provide a digital sales channel for air freight forwarders seeking to confirm spot market rates and bookings.

The answers to many of the problems surrounding the introduction of autonomous vehicles may involve keeping human drivers on the road too, according to Lyft Vice President of Autonomous Vehicle Programs Nadeem Sheikh.

Tiger Spider, a Australian transport engineering consultancy believes blockchain and data standardization would be integral to creating an efficient and profitable freight transportation system.

While there is a lot of noise surrounding tariffs and potential trade wars, it probably isn’t enough to derail the economy and the red-hot freight environment.

The freight-matching solutions provider will use the new funding to accelerate product development and implementation.

Prime minister wants to “show off our prowess in business, finance, trade and commerce” and logistics.

Jack Cooper Holdings and Logistics, a specialty transportation and logistics provider, announced its membership in the Blockchain in Transport Alliance (BiTA) today.

One of the largest wasted revenue opportunities for carriers in freight movement is when trailers move less than full. FR8Star has introduced a new partial load service to help change that.

Trucking passes all five of Paul Newman’s tests for a successful futures market. That’s why we’re building a financially-settled freight futures contract with Nodal Exchange and DAT.

CargoX, an independent supplier of blockchain-based solutions for logistics, has become the latest member to join the Blockchain in Transport Alliance (BiTA).

Oil prices fell by 6% yesterday after Libya’s National Oil Corporation announced the reopening of oil ports and recommencing the production of 700,000 barrels per day.

The denial order currently prohibiting U.S. firms from exporting to the Chinese telecom giant again will be suspended once money is in escrow.

Swart tapped as president; Hunt named COO; and Tuthill hired as CCO.

Version 18.2 delivers full multimodal support, compliance enhancements for multiple countries and extended mobile capabilities.

Trump’s new tariffs are beginning to hit less like strategic targets, and more like an indiscriminate bombing campaign. For all the drama, what’s the end game?

Data on producer prices shows that overall inflation pressure continued to heat up in the economy, as gains in service prices helped to push up.  Trucking prices surged again in June, as part of an overall wave of rising transportation costs in the economy.

The company will look at its capital structure, may raise more funding, and has a strong forecast to 2020.

Dredging of the commercial channels serving Norfolk Harbor to 55 feet targeted for completion in 2024.

Industry veterans get COO, EVP roles.

Jim Rodi has joined Transflo as chief commercial officer, with a focus on leading the company’s go-to-market strategies.

Cashflow Corner presented by TriumphPay …Weigh station bypass systems are an often-overlooked way for drivers to save both time and money.

Hyliion has taken steps to help secure its pipeline of technology with the acquisition of Gentherm’s battery division and strategic partnerships with Toshiba and Dana Corp. as it seeks to further its hybrid-electric technology.

The court’s opinion in Dynamex v. Superior Court of Los Angeles County has a lot of trucking companies in panic mode, scrambling to figure out how the ruling will affect their business operations. The ruling could also have a profound impact on many tech companies like Uber, Lyft, Instacart, and others that provide on-demand services.

Creating private data for separate nodes on a Fabric channel was kind of complicated and cumbersome, but now it’s easy, making meaningful collaboration between businesses a real possibility.

Circulated findings said United States violated several countervailing duty rules in levying CV duties on supercalendered paper from Canada.

California-based Ceka Nutrition didn’t declare merchandise from China and circumvented antidumping fees.

Drewry says carriers will experience “a lot more pain” this year.

“Imports from China and elsewhere are expected to continue to grow for the foreseeable future,” says National Retail Federation.

The e-manifest process is expected to save state and industry users about $90 million a year.

China’s import duty rate on U.S. beef increased from 12 percent to 37 percent this past Friday.

Ports Authority embarks on the largest capex project in its history.

Filing companies located in California, Florida, New Jersey and Texas.

Individuals knowing of a reason why an applicant should not receive a license should contact the FMC’s Office of Transportation Intermediaries.

FMC reviews seven OTI license applications

South Korea-based Lotte Global Logistics announced that it has joined the Blockchain in Transport Alliance (BiTA).

John Kasich signed an executive order in May that will allow companies to test autonomous vehicles on all public roads in Ohio.

Intermodal is clearly benefiting from price comparisons between rails and trucks, but it’s mostly macroeconomics that fueled the Deutsche report.

As autonomous and smart connected vehicles gain centerstage, it is critical to understand the need for auto cybersecurity to help maintain sanity on the highways.

Chubb, the world’s largest publicly traded property and casualty insurer, recently became an industry association member of the Blockchain in Transport Alliance (BiTA).

Over the last couple of years, edge computing has emerged from relative obscurity to become one of the most talked about trends in internet infrastructure.

In fiscal 2017, Immigration and Customs Enforcement and U.S. Customs and Border Protection made over 32,000 seizures involving counterfeit goods totaling an estimated value of more than $1.2 billion.

The United States’ deficit in goods and services trade narrowed for the third straight month in May, falling to its lowest level in 18 months.

Ocean carriers transported just under 14.5 million TEUs for the month, a 1.3 percent increase from the same 2017 period.

Carriers are aggressively slashing services, despite the approaching peak season.

Florida congressman’s proposed legislation designed to boost understanding of the consumer protection services available.

Companies announce employees’ promotions.

Homeland Security and Treasury give their approval.

The investigation covers products of sodium gluconate, gluconic acid and derivatives between April 1 and Sept. 30, 2017.

The keynotes at Transparency18 included some of the top minds discussing the future of transportation. Check them out right here.

Job growth continued at an impressive pace in June, beating expectations for the second consecutive month.  Trucking hires also made significant strides during the month, but increased competition from within transportation and other competing industries will remain a challenge going forward.