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 […]
Intermodal pricing increased another 5.4 percent for the month compared with the same 2017 period, the 17th consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
The US appears set to impose significant tariffs on China, raising the threat that the economy may find itself in a full-fledged trade war
ThreatAdvice a provider of cybersecurity education, awareness and threat intelligence announced today that it that it has been admitted into the Blockchain in Transport Alliance (BiTA).
Port terminals operated by the South Carolina Ports Authority (SCPA) handled 168,480 TEUs of containerized cargo for the month, a 4.2 percent year-over-year decline, as the authority began construction on […]
The Northwest Seaport Alliance’s year-over-year increase in international container volumes in February offset a decline in domestic container traffic.
Michael Khouri, acting chairman on the U.S. Federal Maritime Commission, attended the Fourth Japan-U.S. Maritime Bilateral Meeting and met with regulators at the Japan Fair Trade Commission this week.
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index slipped 2.6 percent compared with the previous month, but remained 5.7 percent higher than in February 2017.
CSX appoints a new vice president and controller, while Volga-Dnepr hires commercial director.
The ATA’s truck tonnage index fell 2.6% in February, and evidence from rail traffic data suggests that shippers are shifting modes for some freight
Social networks can be treasure trove of information for carriers and shippers, helping them identify risky areas for goods movement, to finding employees who are putting the company at risk, and even finding stolen cargo.
The Uber Freight Plus fuel card provides up to 20 cents off per gallon at TA/Petro fuel stations for users, who also will receive maintenance and phone discounts in the program.
“When there’s no sheriff in town, people get killed,” said Consumer Watchdog, John Simpson. But would the collision have happened even with a person behind the wheel?
Container traffic into the Port of Seattle is down 22.6% YTD, starving the city of freight. Trucking spot rates have cratered, and turndowns have dropped 75% since their peak in October as carriers are forced to accept lower prices.
Hufbauer discussed potential implications of President Donald Trump’s Section 232 tariffs on aluminum and steel, the status of the NAFTA renegotiation, and the chances that the Trump administration could withdraw […]
The technology firm has introduced Skylark, a cloud-based, high-precision global navigation satellite system service for autonomous vehicles.
Singapore-based port terminal operator PSA International increased its earnings 5.1 percent to 1.23 billion Singapore (U.S. $936.3 million) in 2017, as revenues and container volumes climbed 7.8 percent and 9.8 […]
The annualized driver turnover rate at both large and small truckload (TL) carriers fell during the final quarter of 2017 compared with the previous three-month period, but rose when compared […]
Domestic container carriers ramped up capacity by adding vessels, containers and manpower to carry cargo for emergency relief and rebuilding efforts.
Zurich-based tech company Nexiot and German firm VTG Aktiengesellshaft hope to improve the way VTG’s 80,000 railcars assets are tracked by applying blockchain technology.
KeepTruckin raises $50M in a Series C financing. Plans to have 400,000 subscribers by the end of the year
How can it be possible that the government—the source of the lawmaking regulatory bodies—would actually praise a technology that is being censored from major internet platforms?
The Fed is expected to raise rates again this week. This move has been communicated for several months, but what the Fed says about future increases could have significant implications for freight markets and carriers
Shippo’s latest feature lets retailers engage with their customers during the post-purchase period to build loyalty and increase repeat purchases.
There are many services that shippers can outsource, including warehouse operations, and doing so can provide added value to the shipper through expertise that 3PLs can provide.
Arrive Logistics will host a webinar on March 29 with use case examples and tips on how shippers can reduce their shipping costs.
Shippers are increasingly being held responsible for actions of carriers hauling their freight, says a leading transportation attorney.
Cashflow Corner presented by TriumphPay …Nexus is when a trucking company owes taxes in multiple states, but many companies are not aware of when this happens because of confusing state laws.
Shippers that work closer with carriers and treat drivers with respect can see lower transportation costs as a result.
Crete Carrier had a 400% increase in load turndowns in February and that is just one of the metrics that indicates the current conditions of the freight market.
Lt. Gen. Todd Semonite, commanding general for the U.S. Army Corps of Engineers, told lawmakers he expects to complete five chief’s reports and recommend changes to two private sector-sponsored projects […]
The Senate confirmed Kevin McAleenan to serve as commissioner of U.S. Customs and Border Protection by a vote of 77-19 on Monday.
Amsterdam-based TMA Logistics has officially unveiled its investment in the New Silk Road Initiative.
An Uber self-driving SUV struck and killed a pedestrian in Tempe, Arizona, the first known time a pedestrian has been killed by an autonomous vehicle.
The U.S. has been particularly bad over the last few decades at helping people who’ve lost out during periods of technological change. Is there a new emerging story?
Orders for new Class 8 trucks are surging, but used truck prices and workforce growth are weak, suggesting that overall trucking capacity is staying flat.
The U.S. Department of Agriculture and its counterpart in the South Korean government have reached an agreement on how to minimize the trade impacts when future cases of highly pathogenic […]
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
The U.S. maritime regulator has received 22 ocean transportation intermediary license applications and changes for review.
FMC reviews 22 OTI license applications
The U.S. Federal Maritime Commission has received 22 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ACM Enterprises Group, Carson, Calif. (Edgar […]
FMC reviews 22 OTI license applications
The U.S. Federal Maritime Commission has received 22 ocean transportation intermediary license applications and changes for review.
UPS appoints managing director of UPS Korea, Amsterdam Airport Schiphol names cargo head, the National Retail Federation (NRF) appoints NRF Foundation president, and United Properties picks asset management vice president.
Anthony Reardon, the head of the union representing U.S. Customs and Border Protection (CBP) port officers, has raised concerns about the agency’s and Congress’ dedication to hiring more officers to […]
Atlanta-based supply chain consultancy firm Chainalytics and UK-based ocean shipping consulting firm Drewry Supply Chain Advisors have officially formed a partnership through a joint venture, The Ocean Buying Group.
One year after launch, FreightWaves takes the top spot for news in the freight and logistics industry according to Amazon’s Alexa.
Inventories picked up in January, but low inventory/sales ratios mean that carriers with remain under pressure to hit tight deadlines.
Shippers move more freight into the contract market to avoid higher spot market rates
Britain’s pending withdrawal from the European Union spells traffic doom for Calais, according to the Calais port’s boss, Jean Marc Puissesseau.
Job openings reached a record high in the January JOLTS data. Results were especially pronounced in the transportation and warehousing sector, where openings surged and hiring failed to keep pace
If you want to make a million dollars, all it takes is a little hard work and creating something that has value.
This is a wake-up call. Make a plan and manage your security now.
Manufacturing industrial production surged in February, but housing starts slipped in a mixed day for freight demand
LoadDocs uses machine learning to digitize paperwork of fleets, thus helping them reduce operational friction and increase workflow efficiency.
The current exemption ends April 19.
The Trump administration accused Russian-backed hackers of carrying out systematic operations to penetrate and sabotage power plants at will.
The French ocean carrier turned a profit in 2017, partly due to its acquisition of APL in mid-2016, and expects volumes to continue to hold strong this year.
The Dubai-based container terminal operator increased its profits, revenues and throughput in 2017 from the prior year.
The Limassol, Cyprus-based port terminal operator posted a net loss of $53 million compared with a $61 million profit in 2016, despite rising volumes and relatively steady revenues, according to […]
For months, West Coast spot rates have been softening, allowing brokers to take big margins and shippers to move freight inexpensively, with short lead times. That’s about to change.
