Business

Passenger and freight coming to a hub near you—sooner than you may think.

Job openings pushed to a fresh record high at the end of the 1st quarter, indicating that labor market conditions remain healthy in the overall economy. The openings rate in the transportation sector continues to outpace the rest of the economy, and the pace of hiring provides further evidence that the industry is struggling to find workers.

OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group. has joined BiTA.

Signs of movement over to rails, OOIDA sounds off on younger drivers, U2 puts its money into trucking.

Companies may tell you they are innovative, but a lot of the time standard procedures and internal structure inhibits the creative process limiting a company’s ability to progress. Kenco has found success by dedicating themselves to the cause.

Volvo Cars and Volvo Trucks are working together in sharing real-time traffic related data between their vehicles to improve safety of its drivers on the road.

A delegation in Beijing last week worked on “improving China’s protection of intellectual property and identifying policies that unfairly enforce technology transfers.”

North American intermodal volumes grew 7.2 percent for the quarter thanks to a strong economy, higher fuel prices and an ever-tightening truck market.

The global logistics provider reported revenues rose 16 percent year-over-year.

Safety, project controls and workforce and business development are the focus of new roles.

The collapse of Venezuelan oil production and fears of renewed sanctions on Iran are driving oil prices to 2014 levels, but what does that mean for the American economy and the trucking sector?

Brokers continue to see more business and higher revenue, according to the latest data compiled by DAT.

FMC commissioner addresses changing container-shipping landscape and ongoing investigations.

After moving in different directions the previous week, both the SCFI and Drewry WCI gained ground last week.

Customs commissioner tells NCBFAA a lot of work remains to be done.

Multiple accidents have put automated cars and trucks in the hot seat.

A two-page proposal that will be considered in June could postpone the release of a final World Customs Organization framework for another year.

The bureau received 53 formal comments in response to an advance notice of proposed rulemaking for transactions in which a foreign buyer contracts with a U.S. agent to facilitate exports […]

According to the latest Cass Freight Index Report, the continued growth of shipments “is yet another data point confirming that the strength in the U.S. economy continues to accelerate.”

Delivery vehicles are one thing, but how will the high court’s ruling impact logistics companies across the industry?

Commentary: California has turned its back on an industry that employs nearly 1 million people

Tesla’s stock fell by over 8% during the last day due to Elon Musk refusing to answer profitability related questions posed by investors during the Q1 post-earnings call.

he pace of hiring improved slightly in April as the unemployment rate fell below 4% for the first time since the end of 2000. Trucking employment, however, saw no such gains as jobs in the industry declined for the first time in eight months.

Bayer AG’s takeover of Monsanto has raised a lot of eyebrows as the merger has all the makings of an industrial monopoly, with the company looking to refute such concerns.

ts best performance in year-over-year increases in revenue per hundredweight (excluding fuel surcharge) in years was not enough to turn a first quarter profit for YRC Worldwide.

Shipping lines need to reach agreements with GE Transportation in order for the PierPass 2.0 program to move ahead.

The LTL holding company recorded a net loss of $14.6 million, compared to $25.3 million last year.

Total U.S. freight rail shipments climbed another 5.1 percent for the month following year-over-year gains of 5 percent in March and 3.3 percent in February.

New Jersey governor sets up task force; California Supreme Court revises test for determining if a worker is an independent contractor.

Gil Perez, Senior VP at SAP discussed the impact of blockchain in the transportation and logistics industry and the need of consortiums to expedite adoption.

Realizing the power of blockchain technology, dexFreight has joined BITA.

Manufacturing growth is likely to remain solid in the 2nd quarter, as orders for new production remained healthy through March. This should help keep freight demand strong, even if things have moderated from the torrid pace seen in previous months.

Anheuser-Busch will purchase up to 800 Nikola Motor Company hydrogen-electric trucks as part of a plan to convert its dedicated fleet to alternative fuel by 2025.

Dicom Transportation Group has joined the Blockchain in Transport Alliance (BiTA) in an effort to help shape blockchain standards across the transportation industry.

Commissioner asks for documentation as the FMC considers restricting ocean carriers’ ability to assess detention, demurrage and per diem fees.

Conclusion of pilot Customs program has been pushed back from July to December.

The multimodal transportation services provider is adding about 800 trucks and 4,000 containers.

Global demand for air cargo ticked up 1.7 percent for the month, the slowest pace in 22 months, according to the latest data from the International Air Transport Association.

Deringer’s director of customs affairs and compliance vows to focus on protecting the industry.

The decision would seem to raise as many questions as it answers.

Agile Blockchain Corp. has announced its alliance with the Blockchain in Transport Alliance (BiTA).

Nikola Motor has sued Tesla for patent infringement on its Nikola One, at left. The Tesla model is at right. Nikola claims Tesla violated patents on door placement, wraparound windshield and the fuselage.

The ocean shipping booking platform provider is piloting an automated container freight rate management system as part of a greater effort to drive data digitization and communication across the industry.

Several firms filed substitution drawback for distilled spirits after the new process debuted in ACE, but Treasury has not decided whether such products will qualify.

A mechanism for continuous, supplemental bonding for importers subject to AD/CV duties will go before a committee in June; a Customs Trade Partnership Against Terrorism test likely will wrap up […]

The short-line and regional railroad operator is actively evaluating acquisition and investment opportunities after drastically increasing its net income and revenue.

Industry groups are calling for a Federal Maritime Commission investigation of changes planned by container terminals in Los Angeles and Long Beach.

Data from the Institute of Supply Management shows that manufacturing activity lost some momentum in April, as the current capacity crunch and recent tariffs have impacted production flows

Every new regulatory regime—whether it’s deregulation, the introduction of hours of service, or the ELD mandate—prompts a fresh wave of creative destruction. Some business models thrive, while others go extinct.

The industrial real estate prices have been up for a long time and if market trends are to be believed, they could be climbing for the next few years.

Great Dane announced it has joined the Blockchain in Transport Alliance (BiTA).

Netradyne’s Driveri system records driver behaviors. A new extension of that adds real-time notifications to the driver in the cab.

Along the side of a tractor-trailer is a blind spot for drivers, but it is also an area where incidents can happen. Adding side cameras can help record those incidents.

Regardless of technology, the transportation industry is still built on relationships.

Economic conditions as they relate to freight generally improved during the month. With a few notable exceptions, most of the data released in April (largely covering March activity) either met or exceeded expectations and signal that freight demand will likely stay strong going forward.

The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.

The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.

The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.

When investing in cyclical companies, such a transports, it is important to first understand what part of the economic cycle we are in.

It’s never fun to have a package stolen. BoxLock is offering the first internet-connected padlock specifically designed to safeguard your deliveries.

Lanehub is developing a social network where mostly shippers and carriers come together to identify long term efficiencies by aligning their networks—and they just lined up another round of seed funding.

It’s OK for an employee to be on the HELP board. Beyond that, the state’s auditor is critical of several people’s behavior.

Virgin Hyperloop One and Hyperloop Transportation Technologies are competing in UAE to build the first hyperloop network in the region.

Tax changes have made leasing an even more inviting proposition for fleets, says the COO of Fleet Advantage.

Autonomous trucks, CSA, hours-of-service and more were topics of a wide-ranging keynote address given by Dan Murray, vice president of ATRI, at the NTPC 2018 conference.

DOT outlines exemption procedures for air taxi operators planning commercial drop-offs

After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.

The industry in the Netherlands makes it the Wall Street of flowers.

TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.

USA Truck posts a strong first quarter earnings continuing its torrid turnaround pace.

IBM launches a blockchain network to track gold and diamonds across the supply chain.

Economic growth slowed down in the 1st quarter, as payback from post-hurricane surges and poor weather derailed activity in some sectors of the economy.

NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.

Kansas City Southern (KCS) (NYSE: KSU) announced today it has joined the Blockchain in Transport Alliance (BiTA). 

NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as […]

The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.

The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.

The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.

The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.

The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.

A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.

An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.

The U.S. Postal Service and Customs and Border Protection have been ramping up efforts to stop shipments of fentanyl, which largely arrive in the United States from China.

Even with a higher cost burden, it still managed an improvement in its operating ratio.

The goods trade deficit narrowed for the first time in seven months, but total trade going in and out of the US actually declined.

Echol Global Logistics a 3PL based in Chicago busts through earnings estimates in the first quarter. A combination of market conditions and productivity improvements paved the way.

The year 2018 is shaping up as one  not seen in trucking in more than a decade, explained Chris Lofgren, CEO of Schneider National, on the company’s earnings call on Thursday morning.

Durable goods orders rose 2.6% in March, driven by a 2nd consecutive surge in commercial aircraft orders. Core orders remained essentially unchanged during the month in a sign that freight demand will continue to normalize.

The company is moving fast in an effort to stay on top of trends, to see industry changes as opportunities, and to continue to act offensively.

The union representing about 25,000 CBP officers cites “forced overtime shifts, multiple deployments away from home and low morale.”

The U.S-China Bilateral Maritime Consultations also included talks on competition and efficiency in the U.S. container shipping industry.

The total value of U.S. cross-border trade with Canada and Mexico increased for the 19th straight month in May.

The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 8.7 percent year-over-year to $86.47 billion in February.

The agency also has been taking a “really strong look” at forced labor used for imported goods.

Knight-Swift’s revenues stabilized despite fewer trucks and shorter length of haul, and the two brands managed to increase their efficiency and improve operating ratios.

As machines become more intelligent over time, it is important to look into how powerful the systems can get and the things that could go wrong under such circumstances.

Covenant Transportation Group saw revenue and earnings increase and predicted that the second quarter presents an even bigger opportunity for the carrier.

The Class I railway increased its year-over-year net income, revenues and volumes.

Oregon Congressman Pete DeFazio is “hopeful” money will be dispersed from the projected $10 billion Harbor Maintenance Fund balance.

Airfreight tonnage rose by more than 20 percent, with strong growth recorded for exports from North America.