Despite the Southern California port’s container volumes falling 2 percent in January 2018 from 12 months prior to 808,728 TEUs, it was only the seventh time it had eclipsed the […]
U.S. Customs and Border Protection processed $2.39 trillion in imports during the year, with the number of imported cargo containers at U.S. ports of entry totaling over 28.5 million, a […]
The port said its increase in exports, which increased 2.1 percent to 74,883 TEUs, were boosted by a weak dollar.
Lower sulfur fuel is expected to reduce deaths and illness from small particulate matter, but its use could also contribute to global warming.
The market’s coming up roses for trucking companies, but some company stocks are still viewed as a little high.
Retail sales showed unexpected sluggishness in both January and December, which was revised downward.
In all, 35% of Americans will purchase flowers this year, says the Society of American Florists, totaling some $2 billion in sales, and the most of them get to their destinations via the trucks.
Surfing the web and finding what truckers and others are saying about how things are out there on the road.
Werner Enterprises (NASDAQ: WERN), a transportation and logistics provider, is pleased to announce its collaboration with the Blockchain in Transport Alliance (BiTA), an alliance formed to ensure standardization of blockchain technology in logistics and throughout the supply chain.
The U.S. Senate confirmed Ronald Batory as administrator of the Federal Railroad Administration and Ray Martinez as administrator of the Federal Motor Carrier Safety Administration.
The National Transportation Safety Board last week released its final report on the investigation of the El Faro, a cargo ship that sank in October 2015 during Hurricane Joaquin while […]
Autonomous vehicles may be coming, but it doesn’t appear to be very soon.
A U.S. District Court in Minnesota sentenced a former Canadian Pacific Railway employee to a year in prison on Tuesday for his deliberate attempt to sabotage the company’s computer system.
Terminals operated by Yildirim Group subsidiary Yilport Holding handled 4.3 million TEUs of containerized cargo in 2017, and the firm expects to move 4.73 million TEUs this year, Yilport said […]
Short-line and regional railroad operator Genesee & Wyoming (G&W) posted a net income of $549.1 million for the year, a 289 percent increase from 2016, according to the company’s latest […]
Craig Fuller, Kevin Haugh, Abtin Hamadi, Tom McLeod, and Edward Ryan discussed the technological approaches to solving some of the transportation industry’s most intractable problems: the driver shortage, capacity utilization, and payment inefficiencies.
TrueNorth announced that it has joined the Blockchain in Transport Alliance (BiTA).
Gerdin says timetable could speed up on the back of a strong freight market.
The Index for Small Business Optimism jumped two points to 106.9 in January in an encouraging sign that the nation’s small and independent businesses have shrugged of some of the recent political turmoil in Washington and are looking forward to the expected boost in economic activity.
UPS is asking for inclusion of part-time drivers to make Sunday deliveries and also to allow use of personal vehicles in its latest demands in contract negotiations with the Teamsters, according to reports.
Xeneta is a freight rate benchmarking platform focusing on ocean freight. It aggregates rate data from various companies into a platform and provides market average rates, lows and highs to its customers.
However, the South Korean ocean carrier recorded a deeper net loss for the year, partly due to a 479.5 billion won loss in the book value of 10 containerships sold […]
Cashflow Corner presented by TriumphPay You’ve taken the leap and decided to purchase your own truck. Or maybe you run a small fleet and have a handful of trucks. In either case, the next challenge is upon you: maintaining those vehicles, because if a truck isn’t running, it isn’t making any money.
The Southern California seaport handled 657,830 TEUs of containers in January, 12.9 percent more than in January 2017, and an all-time high for the month.
Chicago-based freight broker and third-party provider Echo Global Logistics posted a net income of $13.3 million in the fourth quarter of 2017 compared to a $3 million loss the previous […]
The containership owner recorded a net income of $22.8 million for the quarter, a sharp increase from a net loss of $446.6 million for the fourth quarter of 2016 when […]
Net orders for North American Class 8 trucks in January 2018 jumped 28 percent from the previous month and 116 percent compared with January 2017, according to preliminary data from […]
MSC selects Terminal Investment Limited (TiL) CEO, Port of Redwood City executive director retires, the Suddath Companies appoints president of Global Logistics, and the Chartered Institute of Procurement & Supply […]
The U.S. Energy Information Agency has released its Annual Energy Outlook for 2018, with projections to 2050. The EIA calls for massive growth in oil and LNG production and exports over the next few decades, which will be a boon for the trucking industry.
Schneider (NYSE: SNDR), a provider of transportation and logistics services, is now a member of the Blockchain in Transport Alliance (BITA).
After several delays, Rhode Island Department of Transportation (RIDOT) workers have begun installing truck toll gantries in the state this week. The project, which will collect truck-only tolls at 12 locations in the state, is estimated to raise about $470 million in tax revenue over 10 years.
Data is a crucial resource that enables fleet managers to streamline their internal processes and GPS technology is a key part of the equation.
Though the ELD mandate has been in effect since December 2017, the compliance rates for fleets with less than 10 trucks have been low and will stay that way this year.
Uber CEO Dara Khosrowshahi said that although his company and Waymo parent Alphabet “won’t agree on everything going forward, we agree that Uber’s acquisition of Otto could and should have […]
The latest projection comes as ports covered by the National Retail Federation’s Global Port Tracker handled 1.72 million TEUs of imports in December and 20.5 million TEUs for 2017, year-over-year […]
The South Korean shipbuilder posted a net loss of KRW 572.3 billion for the quarter, compared to a net loss of KRW 351.8 billion for the fourth quarter of 2016.
As capacity tightens, there are two ways fleets and shippers can go: they can add more capacity through acquisition or equipment purchases, or they can tap into existing capacity in a different way. That way might be boosting the rental and dedicated transportation markets.
The United States exported $7.27 billion worth of beef and $6.49 billion worth of pork in 2017, up 15 percent and 9 percent year-over-year, respectively.
The third-party logistics and multi-modal transportation services provider recorded a net income attributable to common stockholders of $3.3 million for its fiscal year 2018 second quarter, which ended Dec. 31, […]
President Donald Trump’s long-awaited infrastructure proposal unveiled by the White House Monday has placed a focus on spurring more private sector involvement in projects.
We discuss our list of cities that made up our long-wait times for drivers and our methodology for how we came up with the list
The recent Consumer Electronics Show held in Las Vegas gave Virgin Hyperloop One the opportunity to promote its vision and potential of hyperloop technology.
“We’ve spent much of this decade working with business partners to build out the cargo delivery platform our customers want and in 2018 we’re putting it to work,” said Port of Oakland CEO Chris Lytle
Washington D.C., is often credited with killing the American truck driver and their ability to work. Now, we have ELD data to prove that, in-fact, Washington D.C. is where a drivers available hours go to die!
As the UK government battles congestion at the ports of Dover and Folkestone, a decision by the government to rent space at Manston Airfield in the county of Kent for 3 million pounds is coming under fire.
Daimler in association with Loadsmart is launching its custom digital platform for its contracted freight carriers in the U.S. to match them with the company’s spot loads.
5 days into the trial, Uber settled the Waymo lawsuit on the cheap. But who really benefits? We break down the deal here.
Shaw Industries Group, a leading global floor covering provider, has joined the Blockchain in Transport Alliance (BiTA).
With so many regulations to follow, fleets and shippers probably don’t need another reason to fret, but bribery and corruption are on the rise.
The International Maritime Organization’s Subcommittee on Pollution Prevention and Response has proposed to move forward with banning the transport of non-compliant low-sulfur fuel on board ships when the 0.5 percent […]
While spot rates from Shanghai to Europe and the Mediterranean remained relatively unchanged since last week, rates from Shanghai to the U.S. trades had declined, according to the Shanghai Shipping […]
The Thomasville, N.C.-based less-than-truckload carrier recorded a net income of $463.77 million on revenues of $3.36 billion in 2017, up 56.8 percent and 12.3 percent year-over-year, respectively.
what3words has created a unique three word addressing system which can accurately pinpoint any location on earth, without the need for local street addressing.
Blockchain in Transport Alliance (BiTA) has announced that Daimler Trucks North America (DTNA) is the association’s most recent member, including a membership on the BiTA board.
Danish shipping giant A.P. Møller-Maersk narrowed its overall loss to $1.16 billion for 2017, a year in which it divested its energy businesses and acquired container carrier Hamburg Süd.
The U.S. goods and services deficit jumped 12.1 percent to $566 billion in 2017, its highest level since 2008, according to the most recent data from the Commerce Department’s Bureau of Economic Analysis […]
U.S. Secretary of Homeland Security Kirstjen Nielsen discussed with Canadian Public Safety and Emergency Preparedness Minister Ralph Goodale how their countries can expand preclearance to facilitate lawful trade and travel […]
Jianhua “Jeff” Li had received payments totaling over $1.1 million in sales proceeds from his participation in a scheme to smuggle counterfeit Apple iPhones and iPads from China into the […]
XPO had strong earnings for the fourth quarter. Here’s what a pair of analysts had to say about the company.
The heat map of areas affected by today’s Uber outage shows how vulnerable an Uberized freight industry would be.
Manufacturers surveyed by PricewaterhouseCoopers have been slow to implement autonomous, mobile robotics in their operations–they’re waiting for proven ROI. But they may be too focused on driverless trucks, overlooking other technologies that are closer to commercial viability.
Predictive maintenance is something that has been talked about for several years. The ability to identify when particular components might fail, or to proactively replace components before they fail based on past data trends has been referred to as the Holy Grail of vehicle maintenance.
Cass Information Systems, Inc. has joined the Blockchain in Transport Alliance (BiTA), a consortium of industry leaders committed to developing standards and guiding the widespread adoption of blockchain technology in logistics.
According to a report from Tech Crunch, Elon Musk’s Tesla is preparing to test autonomous driving on a cross-country trip within 3 to 6 months.
Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions delivering specialized transportation services, today announced it has joined the Blockchain in Transport Alliance (BiTA).
The Owner-Operator Independent Drivers Association had requested the exemption from the electronic logging device mandate for small trucking businesses with “exemplary” safety records back in November.
Trucking companies face high insurance costs, and few are higher than new venture insurance for new carriers. Some steps can be taken to help lower that initial cost, though.
German business associations say they are fed up with an increase of cargo thefts throughout Germany and have launched a joint initiative to fight back.
The BuildCoin Foundation is envisioning a blockchain related ecosystem which can help expedite the construction of global infrastructure projects via public-private partnerships.
Blockchain in Transport Alliance (BiTA), the largest industry-specific blockchain standards organization in the world, today announced its newest member, J.B. Hunt Transport Services, Inc., one of the largest supply chain solutions providers in North America.
What exactly is going on with all these truck orders? ACT Research reported that January Class 5-8 preliminary orders came in at a surprising 80,400 units. Class 8 orders alone accounted for 48,700 units, their best month since March 2006.
Seasonality has finally hit van rates as available loads dropped 6% last week, according to DAT.
Blockchain in Transport Alliance (BiTA), the largest industry-specific blockchain standards organization in the world, today announced its newest member, J.B. Hunt Transport Services, Inc., one of the largest supply chain solutions providers in North America.
Blockchain technology has the potential to massively improve processes within the freight industry. LoadBlock, an Arizona-based start-up, is capitalizing on this shift in technology by developing blockchain-integrated systems.
The annual growth in total North American intermodal shipments was helped by a strong fourth quarter in which volumes grew 5.8 percent year-over-year, according to recent statistics from the Intermodal […]
Senior UPS Economist, Ibrahiim Bayaan joins the FreightWaves team as Chief Economist.
SEKO Logistics appoints vice president of global airfreight, Port Tampa Bay hires VP of finance, and Evans Distribution Systems name IT director.
The Wall Street Blockchain Alliance and BiTA announced a partnership to define the impact of blockchain technology for the global transport markets.
Velocity Freight Transport, Inc. (Velocity Transport) announced today it has joined BiTA.
With more regional and local deliveries due to e-commerce, there is more opportunity for truck drivers to find less-than-truckload freight, but knowing how it is billed is critical to winning contracts.
There are many stock analysts that have been predicting a stock market decline. The question now becomes, are we looking at a correction or something more indicative of a slowing economy?
The $419 million deal will see Kirby Corp. absorb Higman Marine’s transportation fleet of 159 inland tank barges with 4.8 million barrels of capacity, and 75 inland towboats, according to […]
New truck orders jumped in January, reaching their second highest level on record, according to data from FTR and ACT Research.
Jury deliberations in the Pilot Flying J trial begin tomorrow. We’ve learned as much about the importance of data analytics as we have about fraud.
Transport stocks were not immune to the big sell-off on Wall Street on Monday, with the Dow Jones Transport Index falling 336.77 points to 10,350.41, a 3.15% fall on the day.
BNSF Railway Company (BNSF) recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA).
BNSF Railway Company (BNSF) recently became the first Class I railroad to join the Blockchain in Transport Alliance (BiTA).
Supply chains are such a complex enterprise, that it’s nearly impossible to solve any one problem without it impacting another part of the chain. That was one of the main points that Michael Zargham, founder and CEO of BlockScience, said during a discussion last month in New York City.
Transparency18 Sponsored article An estimated 17M ocean shipping containers make approximately 200M trips globally on an annual basis. A typical international shipping container is interchanged between 8-10 parties before the […]
The Baltic Exchange is changing one of their signature indices, the Baltic Dry Index, which averages shipping rates for raw materials like coal, ores, and grains. Baltic is hoping to make the BDI a more attractive benchmark for futures investors.
U.S. Reps. Jeff Denham, R-Calif., and Michael Capuano, D-Mass., said they look forward to hearing how efforts are coming along on the implementation of positive train control, which can prevent […]
The Nuro is a self-driving vehicle designed to run your errands for you. It is poised to change the way that businesses interact with their local customers.
The Boston Consulting Group named seven areas where liner carriers need to focus their efforts and investment to meet challenges from non-asset-based digitally-focused companies and technology-first freight forwarders.
Transportation and logistics companies added 11,100 jobs for the month following a revised 11,600-job gain in December 2017, according to recent preliminary data from the U.S. Department of Labor.
Dutch non-profit port community organization Portbase is partnering with PORTRIX LOGISTIC SOFTWARE to deliver the latter’s verified gross mass (VGM) application to its customers in the Netherlands, the companies said […]
Specialist African ocean carrier NileDutch is working with Transmetrics, a tech startup that provides predictive logistics solutions, in an effort to streamline the firm’s empty container flows and increase efficiency.
RightShip appoints new CEO; KAG Logistics hires EVP of logistics, chemical and specialty products, senior director of business development, and director of logistics solutions; and Stimson Center names managing director.
China’s ambitious Belt and Road Initiative (BRI) is slated to head north to the Arctic, Reuters reported. Global warming has opened up new shipping lanes that China plans to exploit.
An open letter by “A thousand upset truckers” to the Northwest Seaport Alliance (NWSA) was posted on the Facebook page of PierTrucker.com/Seattle, declaring its opposition to the planned phase-out of trucks with pre-2007 engines contained in proposed House Bill 2601.
In spite of a sea change in technology, the US DOT report released Jan. 31st, says the costs of rigorous data collection and analysis would likely outweigh the benefit. Instead, they provide a lot of data from 2013-2014.
