Business

Truck transportation and warehousing and storage had the biggest gains of the 18,700 added jobs.

In case you missed it, we’ve compiled some of the highlights from Transparency18 into one Infographic.

Oil, which helped drive a rally for stocks Wednesday, began pulling back ahead of U.S. supply data.

Oil prices have stabilized after a month of volatility, but Iran pulling out of the nuclear deal is still a possibility, as European oil companies and banks are unwilling to buy oil from the country in the wake of perceived sanctions.

Results from the Federal Reserve’s Beige Book suggest that manufacturers have shrugged off tariff concerns and are enjoying stronger growth in the 2nd quarter. Labor shortages remain an issue however, broadening beyond the trucking industry.

According to experts, platooning is a “now” technology ready for commercial operations, but there is still some resistance and operational challenges that must be overcome.

The future of mobility is going to require government regulation, according to panelists at the opening session of the Movin’ On by Michelin conference in Montreal.

Full operations resumed Thursday morning after railroad, Teamsters reached agreement Wednesday ending short strike.

The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 5.5 percent year-over-year in March following an 8.7 percent […]

Global demand for air freight climbed 4.1 percent for the month after a 1.7 percent uptick in March.

Schwichtenberg named safety chief; Malin will head operations.

The Commerce Department has laid the groundwork for the assessment of countervailing duties on U.S. imports of certain plastic decorative ribbon from China.

The Commerce Department has finalized antidumping duty amounts for imports of citric acid and certain citrate salts from Belgium, Colombia and Thailand.

Turns out, of blockchain’s many potential (and developing) applications, few could be as game-changing as what it would mean for the food industry.

Shippo has launched a new workflow feature that help customers optimize their operations and thereby reduce time spent on deciding their shipping options.

The US trade deficit in goods narrowed for the second consecutive month, but a decline in both exports and imports means less transportation to and from ports

Full operations are expected to resume Thursday at 0600 local time across Canada after conductors and locomotive engineers went on strike Tuesday night.

Shippers express concern about the effects a strike by Canada’s second-largest Class I railway may have.

Three whistle-blowers will receive about $4.4 million as part of the False Claims Act.

The Florida-based TMS provider is the Australian company’s seventh acquisition so far this year.

The annual growth rate of 2.2 percent in the first quarter of 2018 is down from 2.3 percent in its initial projection and 2.9 percent the previous quarter.

Everyone sees the market as strong and staying that way, but are there other headwinds in the trucking sector?

Tranzlogix, a technology solutions company for the transport industry, has joined BiTA.

Drivers are changing their behavior to maximize their hours on the road, according to FreightWaves’ proprietary SONAR platform

The U.S. government is looking to levy 25% added tariffs on auto exports, which could set off a spate of trade wars with countries like Germany, Japan, and South Korea.

After both lost ground the previous week, one measure of spot rates ticked up 1.4 percent sequentially last week, while another slipped 1.1 percent.

Cashflow Corner presented by TriumphPay …If your ELD provider suddenly shuts down service and goes out of business, do you know what to do?

U.S. exporters risk downplaying the Commerce Department’s Unverified List in their compliance checks.

UPS names former Xerox exec as marketing chief; Railinc promotes IT leader.

New IMO regulations asking for the shipping industry to cap the sulfur content in its fuel to 0.5% would have far reaching consequences on crude oil refining and potentially send oil prices to $90 per barrel.

What does it mean to be a technology company today, and how do you anticipate changes and prepare to scale?

There are technology solutions out there for the smaller carriers, but they may be expensive or not designed for the littler guys.

The telematics revolution is creating a vast data lake, but now the industry has to figure out how to navigate it.

The current capacity crunch has been a significant issue in the trucking industry since last year. Many things will need to change in order to resolve the squeeze, but discussions throughout Transparency18 highlighted technology’s role.

Investors are flocking to the freight industry with million-dollar investments for startups, but what do those investors look for in companies before making an investment?

Most Kingpin Act designations during the Trump administration have been associated with Mexican drug cartels, according to a Treasury official who testified to a House Foreign Affairs subcommittee on Wednesday.

Maersk contributed to the development of Insurwave as a pilot client and is continuing on the platform with its marine hull portfolio.

The project will promote streamlined customs processes and sound implementation of the WTO Trade Facilitation Agreement.

The Port Authority reports 551,117 TEUs were handled during April, the fourth consecutive monthly high.

The agencies will accept comments on the export control reform-related proposed rules to move several firearms and related items from the U.S. Munitions List to the Commerce Control List through […]

The Commerce Department has finalized its determinations for fine denier polyester staple fiber imports from China, India, South Korea and Taiwan.

An analyst summarizes a talk on digital brokerage, a truckers’ strike in Iran, and the prospects for ELD legislation.

From parking to accident prediction, the vision is that the controversial machines are throwing off data that can be used by truckers in other applications.

ShipChain, a startup hoping to integrate global shipping logistics on the blockchain, has been hit with a cease-and-desist order from the Securities Division of the South Carolina Attorney General’s Office. The order regards the $30M presale of the company’s token, SHIP, which ended in January 2018.

The General Data Protection Regulation (GDPR) is a data privacy law coming into force in Europe, that addresses the export of personal data outside the EU and EEA – putting businesses that process personal data of EU citizens in a sticky situation.

The logistics sector faces immense pressure—to be better, faster, and less expensive. A significant amount of pressure has been applied to nearly all industries by disruptive conglomerate Amazon, which has single-handedly changed expectations of consumers everywhere.

Don Tapscott offered a bold, near-utopian vision of the transformation that blockchain will bring to the global economy and the nature of the corporation itself.

A panel of financial experts were mixed when asked whether the industry would see higher spot rates one year from now, but continued capacity issues was not in debate.

The curtains are coming down on the U.S.-China trade war, but all might not be well for the U.S., as the U.S. IP predation by Chinese companies seem to continue unabated.

Norfolk Southern (NYSE: NSC) today announced it has joined the Blockchain in Transport Alliance.

Everything has a supply chain if you think about it. How we make, design, and deliver is changing.

The Israeli ocean carrier managed to increase its revenues and volumes during the quarter from a year prior despite a larger net loss.

The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index ticked up 2.2 percent following two consecutive sequential losses.

Terminals at the Port of Savannah handled 356,700 TEUs in April, a year-over-year increase of 7.1 percent and a record for the month.

Crowley promotes attorney; new VP driving Xeneta sales in North America

In times of mass disruption, it is often only after industry emerges out the other side that it realizes it’s been disrupted.

ATA’s Truck Tonnage Index has risen by 2.2% this month after a minor dip in March, and is 9.5% higher year-on-year, indicating a surging freight market.

Vnomics is changing the way fleets look at fuel efficiency by leveraging connected sensors, machine learning, and data modeling to automatically deliver actionable and meaningful insights on fuel efficiency.

Demo day session 3 are digital companies providing real solutions in the logistics space.

The final session of Demo Day on Tuesday at FreightWaves’ Transparency18 conference did not disappoint, building on the success of the first three sessions and closing out the day, which ended with a BBQ sponsored by Triumph and a performance from the Emerald City band for attendees.

The move comes amid reports that President Donald Trump has offered to lift restrictions on the Chinese telecom giant in exchange for trade concessions from Beijing.

Commissioner Kevin McAleenan said officials are looking to balance trade enforcement and trade facilitation by incentivizing private-sector partnerships.

The National Customs Brokers & Forwarders Association of America board chairman congratulates CBP for finishing the Automated Commercial Environment core.

Congressman Shuster says the legislation will help “prevent future project backlogs.”

Short line railroads across the United States offer affordable and flexible options for shippers, yet they are still struggling to overcome track quality, technology and reliability.

Chamber of Marine Commerce president outlines Canadian government’s plans to modernize pilotage rules.

Nearly one-third of the U.S. Senate sign a letter in a drive for greater flexibility within rules for commercial vehicle drivers.

Bailey and Brittin leading Transportation Institute at the University of Denver; Gonçalves joining Institute of International Container Lessors; and O’Brien and Bordelon serving Shipbuilders Council.

Bipartisan-proposed law would require a share of LNG and crude oil exports to be carried on U.S.-built ships registered in the United States.

If there was one obvious theme of the second demo period at FreightWaves’ Transparency18 event on Tuesday, it was blockchain. Six of the nine presenters in the session demonstrated solutions that involved blockchain technology.

The first round of technology demonstrations at Transparency18 shared a common theme of integrated disparate systems, data formats, and devices. It’s clear that the action in freight tech has shifted to aggregating and analyzing data, not simply generating it.

FreightWaves announced the launch of Sonar, its SaaS platform for freight market data. Michael Vincent, EVP of FreightWaves, demonstrated the product at Transparency18 in Atlanta.

Startups and incumbents at the demos today are building transparency into their products. Historically freight has been very opaque. The change is emerging here and now.

HCL Technologies, a leading global technology company, today announced it has joined the BiTA.

Unemployment rate across the U.S. has fallen below 4% and is creating problems for recruiting and retaining skilled labor in the logistics industry.

Panalpina has joined the Blockchain in Transport Alliance (BiTA), a forum of leading tech and transportation companies for the development and implementation of blockchain standards in the freight industry.

Less than one week after announcing it was selling many of its business entities to TruckThat, One20 has said it will cease supporting its electronic logging device (ELD) as of June 18, 2018.

Obtaining data that is both clean and usable remains a challenge for the industry, one that blockchain is promising to solve.

We may not have seen full-scale industrialization with blockchain applications just yet, but we’re not in the early days anymore. Big change is coming.

Agency will decide later this week whether to allow revision, seek more information or block changes.

As blockchain technology works its way into the transportation ecosystem, there is remains plenty to learn about its potential, but its success will depend on multiple parties working together.

Growth in domestic truckload rates accelerated to 8.2 percent compared to April 2017, according to the latest Cass Truckload Linehaul Index.

North American intermodal rates in April climbed another 6.6 percent, the 19th consecutive monthly year-over-year increase.

Lifshatz is appointed CFO; Thrasher and Pay get new roles.

Evidence shows products from Vietnam are made from substrate originating in China and circumventing U.S. antidumping and countervailing duties.

Smart contracts will lower the labor costs—and thus the price—of receivables factoring, but don’t expect same-day payments because the technology won’t change fundamental capital requirements, says Triumph’s Jordan Graft.

The top managers in the space are acknowledging that cryptos are a thing, but just how much of your net wealth should you put into them?

BiTA announced it would be forming Think Tanks to help identify industry pain points that blockchain could help solve. The Alliance also said the first BiTA Standards should be out before the end of 2018.

The new Blockchain in Supply Chain Alliance (BiSCA) is designed to meet the needs of supply chain participants looking for education and guidance on the development of blockchain standards.

Intelligent Audit will demonstrate Intellichain, an end-to-end payment verification and processing blockchain for the transportation and logistics industries on Tuesday at Transparency18.

In the wake of the House Appropriations Committee allocating just $250 million for port projects, the AAPA is demanding additional funding from the government, to keep up with the spike in growth of multimodal freight.

The Shanghai Containerized Freight Index fell 3.2 percent last week, while Drewry’s World Container Index slipped 1.1 percent from a week prior.

Throughput at terminals operated by the Northwest Seaport Alliance slipped another 1.1 percent for the month following a 9.6 percent year-over-year decrease in March.

Germany’s largest port saw a 18.2 percent year-over-year decline in bulk cargo volumes.

Scroll Network announced its affiliation with the Blockchain in Transport Alliance (BiTA).

Blockchain systems, to have an impact, will need to speak to each other. Standards are needed to make that happen.

China and the United States issued a joint-statement regarding trade consultations and a desire to support bilateral trade between the countries.

Amazon has been in talks with major hospitals across the U.S. to look into the possibilities of venturing into the healthcare supply chain.

Target’s Restock program is a direct competitor to Amazon Prime Pantry, and now the retailer is rolling out the program nationally with free shipping and next-day delivery for all Redcard purchases.

As the trucking industry continues to broadly install and learn to use the ELDs, there are beginning to be large disparities in the way the devices are impacting capacity via mode.