Total U.S. freight rail volumes grew another 5 percent for the month following a 3.3 percent gain in February, according to the latest data from the Association of American Railroads […]
Trade war fears have caused increased volatility in stock markets over the past month. However, worries over a deep recession caused by protectionism appear overblown for now. The challenge for transportation companies will be less about a collapse in activity and more about adjusting to the new reality.
The Federal Motor Carrier Safety Administration has formally extended an ELD waiver for livestock and insect haulers until Sept. 30, 2018, under terms of the waiver that was included in the Fiscal Year 2018 Omnibus Appropriations Bill.
A Freightwaves-sponsored webinar on the future of blockchain in the trucking and transport sector.
Once the Mason Mega Rail terminal is complete, the Port of Savannah will have a state-of-the-art facility, unique to the U.S. East Coast.
COSCO SHIPPING Holdings Co., Ltd. turned a profit in 2017 and sharply increased revenues during the year amid higher volumes and improved freight rates.
The South Korean government will help local shipping firms place orders for 200 ships by 2020, including 140 bulk carriers and 60 containerships, according to a report from KBS World […]
Transportation management solutions provider McLeod Software has integrated with online freight marketplace Truckstop.com’s payment platform, LoadPay.
BDP International names vice president of global sales and marketing, while Pilot Freight Services appoints two regional vice presidents.
U.S. companies want something done about China’s trade practices, but fret over Trump’s approach to applying Section 301 tariffs on a powerhouse trade partner.
Sudu, a marketplace technology company, is the newest member of BiTA.
Truck sales, indices, stock price projections: all are looking bullish
Soybean exports to China have been levied 25% additional tariffs as China hits back with tariffs on U.S. exports worth $50 billion annually.
McLeod’s VP of Special Projects and BiTA co-founder Ken Craig recounted the early days of the Blockchain in Transport Alliance and explained the importance of data standards to the transportation industry.
Honolulu-based ocean carrier Matson said two of APL’s vessels should not be eligible for Maritime Security Program payments.
The Federal Maritime Commission’s investigation into potentially unfair free time fees will help establish more uniform and predictable demurrage and detention practices at ports, according to Megan Montgomery, executive vice […]
Container shipping demand growth in 2018 and 2019 is likely to outpace fleet growth, resulting in slightly higher freight rates and profits for carriers, but, recent escalation in trade hostility […]
A tanker transiting the Bab al-Mandab, one of the busiest shipping lanes in the world, was attacked by Houthi rebels Tuesday.
The number is 175,000 out several years, against a base of a half-million.
Construction spending in the economy remains essentially unchanged since the start of the year, as the sector continues to disappoint after a solid 4th quarter. This has implications for flatbed carriers and dry vans, as weakness in construction and home building affects freight demand.
Fraight AI, the industry’s first AI-enabled freight brokerage, announced today that it has joined BiTA.
Transportation is increasing its usage of technology in many areas, but apparently relationships still drive the small to mid-size carrier market when it comes to load generation. Freight brokers could also be blind to an untapped resource…until now.
China has increased tariffs by up to 25% on 128 U.S. products, in retaliation for the tariffs added by the U.S. last week. The Chinese tariffs target farm products, with the severely hit being pork exporters.
Companies are challenged to hire the right personnel and create the internal wherewithal to keep up with compliance challenges bursting forth in 2018.
The U.S. maritime regulator calls on ocean carriers and terminals to provide details on detention and demurrage practices as part of its investigation, dubbed Fact Finding 28.
Smart Trailers: How the new “IoT” can help improve trailer health and optimize utilization across trailer pools.
New management addresses analysts with a pile of back earnings.
BNSF hauls more coal than any other railroad, but the future of American coal production and consumption is an open question. Is BNSF heavily exposed to downside risk or will it be the last coal carrier standing?
Data from the ISM index showed that manufacturing activity pulled back slightly in March, and responses from the survey highlight the impact that trucking shortages and tariffs are having on performance.
The U.S. maritime regulator asked container carriers and marine terminals to provide detailed information about their port demurrage, detention and free-time practices as part of its investigation announced last month.
Motiv is producing an all-electric chassis that offers the same performance and functionality as a diesel or gasoline equipped equivalent.
Wages continue to rise for America’s truckers as the trucking industry contends with driver shortages coupled with an increased demand for shipping services.
ORBCOMM Inc., a global provider of industrial Internet of Things (IoT) solutions, today announced that it has joined BiTA.
To help fleets maximize the value of their equipment, Ryder has launched an Airbnb-type sharing platform that facilities the rental of idle equipment to those in need.
A monthly synopsis of events and results in the macroeconomy from the past month and a discussion of implications for freight markets going forward. Results released in March were generally more favorable than the previous month and suggests that freight demand should remain strong going forward.
The United Nations Security Council designated 27 vessels for port bans, de-flagging, or asset freezes, and prohibited transactions with several shipping companies that have links to North Korea.
The U.S. Trade Representative released its 504-page 2018 National Trade Estimate on Foreign Trade Barriers report, documenting foreign trade and investment barriers over the past year.
Rates between Asia and the United States, Europe and the Mediterranean all declined considerably last week compared with the same period a year ago, but rates from Europe to the […]
Several United States airlines awarded flights to Cuba in 2016 have since returned them, and now the Department of Transportation is seeking to reallocate those flights to other airlines that […]
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) rose 9.9 percent year-over-year to $87.96 billion for the […]
The Texas port also posted a 7 percent year-over-year boost in cargo tonnage for the first two months of 2018.
The largest port on the U.S. East Coast set yet another monthly record in February, handling 521,921 TEUs after hitting a new January high a month ago, according to the […]
Convoy put the freight brokerage industry and shippers on notice with it’s automatic detention system.
PAM Transport, Inc., a top 100 largest For-Hire Carrier in North America, announced today that it has joined BiTA.
Businesses with complex supply chains need to stop assuming infinite capacity capabilities and be pragmatic with their capacity planning by leveraging technology.
A limitation on soliciting customers is upheld. Restricting the movement of employees is not.
DHL’s new Global Trade Barometer showed improvement in March, indicating that global trade volumes are likely to gain momentum in the near future
The number of oil rigs and the demand for flatbed trucking are rising in tandem, as WTI prices go up and the Brent-WTI spread widens.
One thing that hasn’t changed (yet) with the ELD mandate is the way drivers get treated at shippers and receivers. The old adage of “hurry up and wait” has never been more apt, especially in the over-the-road truckload sector.
The Federal Railroad Administration (FRA) has released a status report detailing progress by major freight and passenger railroads in the federally mandated implementation of positive train control (PTC) systems.
JD Logistics, the delivery arm of Chinese e-commerce giant JD.com, uses electric bikes as just one last-mile delivery solution. The delivery drivers pick up goods as local “delivery stations” for final delivery.
Under the terms of the preliminary agreement, global port operator Gulftainer Group would lease the Port of Wilmington for 50 years and invest more than $580 million in the port […]
Container volumes from Asia to the United States will grow 6.8 percent in 2018 if there is not a trade war, according to a projection from Drewry Senior Economist Mario […]
Hong Kong-based third-party provider Kerry Logistics Network’s full year profits jumped 13 percent to $2.12 billion Hong Kong (U.S. $269.6 million) as revenues rose 28 percent from the previous year.
The trucking group expressed support for a bill introduced by Rep. Brian Babin, R-Texas, that would allow drivers to take one rest break per shift for up to three straight […]
TOTE Inc.’s president and chief executive officer announces retirement, as well as the Global Shippers’ Forum’s secretary general.
The White House released a list of objectives for a new infrastructure investment bill that reiterated President Trump’s objective of streamlining the project permitting process, but was scant on details […]
Between increasing consumer demands and omnichannel complexity, it’s no easy task to automate and optimize global supply chains—even for one of the world’s largest technology companies.
Several states say online retailers should have to collect sales tax, even in states where the companies don’t have a physical presence.
Profit Tools has developed an Optimization Platform which uses artificial intelligence (AI) and intermodal data points to deliver breakthrough performance and visibility.
Presented by Reliance Partners …Cargo theft doesn’t just happen on the road, it can also happen at the warehouse. To prevent it, leading experts noted some of the approaches that scare away thieves.
The agency will collect comments from stakeholders on costs, benefits, risks, and challenges to adopting positive train control systems through May 7.
Container volumes at the Port of Jacksonville in North Florida jumped 25 percent year-over-year to 100,346 TEUs in February 2018, thanks in large part to a 35 percent increase in […]
Norfolk Southern (NS) promotes vice president strategic planning and vice president industrial products; Port of New Orleans adds to board of commissioners; and CSAFE Global names new CEO.
Today’s tools and approaches for managing contract freight are broken. LE offers a potential solution.
The trade deficit in goods widened for the sixth consecutive month in February. Total goods trade volume was up however, which bodes well for transportation and freight markets
Enterprise technology provider will conduct product demo at Transparency ’18 and work with leading logistics companies to educate the market on blockchain applications, standards and best practices
Blockchain, digital freight brokerages, and heavy-truck telematics are just a few of the themes that will be addressed at the upcoming Transparency18 Future of Freight conference, powered by FreightWaves and in conjunction with the Blockchain in Transport Alliance and Georgia Tech.
Some say the current drop off in ocean freight rates is indicative of weakening fundamentals caused by persistent overcapacity, while others argue it’s just part of typical seasonal demand swings, […]
Imports of steel to the United States stood at 2.36 million net tons in February, an 18 percent decline from the previous month and a 13 percent year-over-year drop, according […]
United States gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the “third” estimate from the Department of Commerce, […]
Fleets have reacted to concerns about the driver shortage by raising pay, improving benefit packages, and offering other enticements to recruit and retain drivers, said Bob Costello, American Trucking Associations’ […]
Thanks to its merger with UASC last May, Hapag-Lloyd has strengthened its presence on routes between Asia and North Europe, and now has the strong fleet it needs to prosper, […]
FreightWaves adds stock tickers for publicly traded stocks in the freight space
What happens with increased turndowns in this context is that carriers don’t want to go inbound into a place—in this case, Philadelphia—as they assess the cost of outbound.
Regional manufacturing data from the Dallas and Richmond Fed suggests that manufacturing activity has cooled in March as the impact of tariffs has affected output
If companies wish to reduce freight costs, collecting and analyzing data may be a good place to start.
Global food supply chains are struggling with visibility and the increasing demand of consumers. Adopting technology like IIoTs and blockchain could be the answer.
Detention time is a major issue for truck drivers and carriers, but Convoy is doing something about it by introducing automatic detention pay for those operating under Convoy loads.
In June, panelists at SMC³’s Connections 2018 will continue the blockchain conversation.
The threat of retaliatory tariffs on American agricultural products could hurt wheat exports, which are already struggling to compete on the international market. Railroad grains volumes in 2018 YTD are down, in many cases by double digits.
The Taiwanese ocean carrier turned a profit in 2017 amid significant increases in consolidated revenues and volumes as it encountered tailwinds from a recovering shipping market.
One of the largest trends in technology today is connecting machines directly — without humans in between.
This week we are using the Cass Information Systems data to review what is happening in the economy overall.
Another aspect of Uber’s legacy that persists: secrecy.
IBM is building a computer that’s smaller than a grain of salt and is a part of IBM’s crypto anchor program that plans to use blockchain to improve supply chain transparency.
Uber Freight had a prime spot at the entrance to the show floor last week at the Mid-America Trucking Show, hoping to draw attention to its services as well as its new Uber Freight Plus program.
The KeepTruckin ELD is providing useful data that the company is turning into actionable information for customers.
Pricing on routes between Shanghai and the rest of the world fell another 4.3 percent last week, continuing a steady decline that began in early February, according to the Shanghai […]
Shipment volumes for the month jumped 5.9 percent from January and 11.4 percent compared with February 2017, while expenditures grew 5.2 percent sequentially and 14.3 percent year-over-year, according to the […]
FMCSA’s Joe DeLorenzo took plenty of questions from the audience as he tried to clear up confusion over the ELD rule during a session at the Mid-America Trucking Show.
General Mills is citing higher freight costs as a reason for lower than expected earning. This is not an uncommon issue in today’s marketplace. There could be solutions coming in the future.
Chainworks announces its alliance with Blockchain in Transport Alliance (BiTA).
Flexport is modernizing global trade through a combination of software and human expertise, bringing in greater visibility and transparency to the freight forwarding industry.
Factory orders for durable goods bounced back after a large decline in the previous month. Gains during the month were broad based in a sign that freight demand should be solid in upcoming months
ZED Connect is moving beyond just providing ELDs to collecting and analyzing vehicle data and providing insight into that data back to fleets and owner-operators.
New 12 month price targets for FedEx stock range from $260-$310, representing 20% of the company’s value and reflecting uncertainty about how the parcel carrier will improve margins and find synergies with TNT.
Office of Management and Budget (OMB) Director Mick Mulvaney told reporters President Trump would sign the $1.3 trillion spending package passed by Congress on Friday, but Trump says he is […]
Ocean freight rates from Asia to the U.S. West Coast are following a similar pattern to last year, when early gains were followed by sustained declines after the Chinese New […]
Domestic truckload rates jumped 6.5 percent for the month compared to February 2017, following year-over-year increases of 6.5 percent and 6.2 percent, respectively, in January and December, according the latest […]
