Business

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.”

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.