A 2017 study by the RAND Corporation found that shifting UPS’s lightest 20% of packages in an urban setting to drone delivery would only result in a 5.7% savings in total energy-use. As the shipping industry transitions to electric trucks, the drones’ advantage in carbon emissions would also disappear.
Tadmore Transportation, a freight brokerage firm headquartered in Toledo, OH, announced today that it has joined the Blockchain in Trucking Alliance (BiTA). BiTA was established in August 2017 to bring logistics leaders together to cooperatively develop industry blockchain standards.
FR8 Revolution, creators of the FR8Star.com marketplace for open deck carriers and shippers, announced today it is has joined the Blockchain in Trucking Alliance (BiTA), a forum for the development of blockchain technology standards.
The Internet of Things (IoT) has come to trucking, generating data that improves safety and efficiency for carriers while at the same time giving shippers and customers realtime visibility into the location and condition of their goods.
If the Trump administration wants to push through a massive infrastructure bill, the only viable way to do that is to raise the federal fuel tax. That is the conclusion of an American Transportation Research Institute (ATRI) report entitled “A Framework for Infrastructure Funding.”
Taking the last-mile delivery battle seriously, Amazon may have found a hit with its Hub. According to The Motley Fool, Amazon is putting Hubs in “multi-tenant dwellings like apartment buildings, condos, and complexes.”
The Bonn, Germany-based parcel carrier and logistics provider recorded net profits of 669 million euros (U.S. $777.6 million) on group revenues of 14.6 billion euros for the quarter, according to […]
The Taiwanese ocean carrier also unveiled expansion plans in Southeast Asia and the Mediterranean amid an 11.1 percent percent year-over-year gain in transport volumes to 1.24 million TEUs for the […]
Cargo and vehicles can become damaged en route, and often carriers are on the hook for those damages. But a new startup, PEIR, is providing photographic proof of conditions to help protect carriers.
Navis appoints general manager for Europe, the Middle East and Africa; and OmniTRAX names executive vice president, industrial development group.
A one-day brake enforcement inspection by the Commercial Vehicle Safety Alliance resulted in 14% of commercial vehicles in the U.S. and Canada being placed out of service for brake violations. A full 22% of vehicles were placed out of service for some kind of violation, CVSA said.
The National Customs Brokers and Forwarders Association of America (NCBFAA) is asking Capitol Hill lawmakers to renew a trade preference program that allows for duty-free imports of certain goods into […]
U.S. Customs and Border Protection has stepped up its industry outreach to ensure that the country’s importers aren’t running afoul of legislation that prevents the importation of merchandise made by […]
Global port terminal operator International Container Terminal Services’ (ICTSI) net income totaled $45.7 million for the quarter, a 16 percent drop from the third quarter of 2016, according to the […]
Netradyne is using artificial intelligence (AI) to provide fleets with the context needed to make more informed decisions surrounding distracted driving events.
The Houston-based tank barge operator performed better than expected during the quarter as several tailwinds more than offset the negative impacts from hurricanes, according to president and chief executive officer […]
Japan was the leading market for U.S. beef exports in terms of volumes and value during the month, despite its recent duty rate increase on imports of frozen U.S. beef.
A combination of slowing economic growth, burdensome tax policy, and weak infrastructure is crippling Brazil’s transportation and logistics industries.
UPS (NYSE:UPS) today said it has joined the Blockchain in Trucking Alliance (BiTA), a forum for the development of blockchain technology standards and education for the freight industry.
As the trial date later this month quickly approaches, Waymo LLC is starting to feel some additional heat from U.S. District Judge William Alsup as details of Waymo v. Uber begin to surface, ARS Technica reports.
The International Chamber of Shipping (ICS), which represents shipowners’ associations covering more than 80 percent of the world’s maritime fleet, says the elimination of carbon emissions from oceangoing vessels is […]
Florida’s leading perishables seaport also welcomed the first shipment of Colombian Hass avocados into the United States on Monday.
The French ocean carrier reveled its nine future 22,000-TEU containerships, all of which are slated for delivery in 2020, will be equipped with engines that will run primarily on liquefied […]
Fuel theft and fuel card abuse is a constant problem, but finding $300 worth of abuse on a $5,000 monthly fuel bill is not easy. That’s where Fueloyal believes it can help.
A study commissioned by the U.S. Grains Council and National Corn Growers Association found that U.S. grain exports exports supported $55.5 billion in economic output in 2015, with the top […]
Air Menzies International gains new CEO; Kalmar appoints senior vice president, global terminal operators; VARGO hires systems engineer; and Wen-Parker Logistics adds new member to its board of directors.
Argus Transport Canada, a technology-driven Montreal based trucking and 3PL today announced it has joined the Blockchain in Trucking Alliance (BiTA).
SmartDrive Systems, which is already among the leaders in video-based safety systems, is adding sensors as an option for fleets to help detect drowsy and fatigued driving. The company made the announcement at the recent American Trucking Associations Management Conference & Exhibition in Orlando, Fl.
In the early days of trailer tracking, companies were simply looking for missing trailers. But technology has advanced, and trailer tracking is trying to keep pace. Now, the data generated by trailers can rival that of tractors, and properly managing that data could generate more revenue potential for carriers than ever before.
The U.S. trade deficit totaled $43.5 billion for September, a 1.7 percent increase from August, as rising exports were offset by an even higher increase in imports.
The global third-party logistics provider recorded net profits of 17.8 million Kuwaiti dinars (U.S. $58.8 million) on revenues of KD 358.5 million for the quarter, increases of 17.4 percent and […]
The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according […]
Jeff Mason joins FreightWaves as Managing Director. Jeff was previously with ATA, where he ran Transport Topics and TIA where he served as Chief of Staff. Prior to joining industry associations, Jeff ran the trucking content and media businesses of Randall Reilly.
One of the fundamental problems with freight hauling in India is the apparent difficulty in decoding the logistical cacophony that exists across all levels in the industry. Digital freight management tools and marketplaces have sprung up in recent times, but are still in a nascent stage.
MTC Logistics appoints chief information officer, general managers and plant manager; while the U.S. Meat Export Federation (USMEF) elects new officer team.
“Uberization” has become a huge buzzword in the 3PL industry, but the business models of the digital brokers using apps is unlikely to have an impact on the way the industry operates. The technology of smart contracts, however, is a game-changer.
The on-demand trucking service trend has hit France, as Convargo is now seeking to become that country’s “Uber of trucking,” TechCrunch reports. The company, which pitched itself as “a marketplace for shippers and carriers,” has raised $19 million in a Series A round of funding.
The push for autonomous vehicles is gaining more traction as it is provides an easy solution to the worsening driver shortage. Greg Nichols, writing for ZDNet, says the obvious reason is that “millennials don’t want to drive trucks.”
ITS Logistics announces they have joined the Blockchain in Trucking Alliance. This will allow ITS Logistics to play a role in creating a common framework and standard for blockchain technology as it proliferates into the freight and logistics industry.
The Republican tax plan has officially been unveiled, and it includes a permanent corporate tax rate cut from 35% to 20%. The $1.5 trillion plan also includes the shrinking of the number of tax brackets to just four and eliminates the alternative minimum tax. It does not change the pretax treatment of 401K plans, as had been discussed previously.
With less than two months left before the ELD mandate goes into effect, statistics coming from ground zero on the compliance of carriers to the proposed rule are far from satisfactory.
With no agreement to diffuse the long-running trade battle between the United States and Canada over softwood lumber, the U.S. Commerce Department said it will proceed with imposing antidumping and […]
Carrier consolidation and the deployment of larger containerships, coupled with lagging infrastructure has created significant issues for North American terminals, according to a new report from consulting firm AlixPartners.
Spot container rates increased on trades from Shanghai to the United States, Europe and the Mediterranean since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The PortMiami Perishables Committee, which represents the region’s bustling fruits and vegetable import industry, has asked the nation’s top agricultural official to intervene in turning back significant federal treatment fee […]
Given a shift in focus to include growing partner government agency (PGA) controls, perhaps the term “customs broker” has become a misnomer in terms of the realities of the job, […]
Less-than-truckload (LTL) holding company YRC Worldwide Inc.’s net income tumbled 78 percent from the third quarter of 2016, although the company did manage to boost revenues and lower its outstanding […]
The U.S. Federal Maritime Commission (FMC) has set up a new page on its website to provide the public with updates on its regulatory reform initiative.
Maersk Container Industry selects new chief executive officer; Glander International Bunkering appoints managing director of its Norway office; and Gebrüder Weiss names country manager, air and sea Germany.
The more individuals participating in a marketplace, and the more money that is being transacted in that marketplace, the more predictive that marketplace becomes. That’s why trucking remains one of the best indicators of economic activity. Here is what the weekly DAT Barometers for dry van, reefer, and flatbed are saying.
The Alliance for Driver Safety & Security, aka the Trucking Alliance, has adopted four technologies that the AAA Foundation for Traffic Safety says is critical to reducing large truck crashes.
C.H. Robinson, a world-leading third-party logistics (3PL) provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA) to influence the development of blockchain standards and applications in the transportation business.
Former Tesla shareholder Daimler seems intent on upstaging the upstart with its own electric truck program, reports Bloomberg. Weeks before Tesla is set to unveil its own electric vehicle, Daimler introduced its own model, the E-Fuso Vision One.
The Jacksonville, Fla.-based Class I railway will not be moving forward with a project that would have allowed the tunnel, which connects to the Port of Baltimore, to accommodate double-stacked […]
Driven by top line sales growth and a booming e-commerce market, the roll-up trucking and third-party logistics provider reported the highest revenues, net income and cash flow of any quarter […]
The National Waterways Foundation (NWF), in cooperation with the U.S. Maritime Administration (MarAd), released a study that examined the economic impacts of unscheduled lock outages and highlighted the benefits associated […]
The Port of Oakland’s board of port commissioners names board secretary; and Selandia Ship Management appoints chairman.
Arrive Logistics, a top 75 U.S. transportation brokerage, headquartered in Austin, Texas, announced today they have joined the Blockchain in Trucking Alliance (BiTA). Arrive Logistics is the fastest growing freight broker in the United States.
Unlike in the United States or Europe, shipping across Brazil is a hassle since there aren’t a lot of comprehensive cross-country providers with transparent processes for pricing, standards and tracking mechanisms. Intelipost is set to change that by providing SaaS solutions for managing logistics providers under one roof.
Even with rates rising – both contract and spot – and capacity tightening, attracting drivers still remain a primary concern for fleets. Driver pay is increasing, but outside influences are still hurting the recruitment efforts.
Two bills introduced in the U.S. House last week could potentially change the classification of port truckers, requiring them to become employee drivers.
P.B. Industries (PBI) has joined the Blockchain in Trucking Alliance (BiTA), an Alliance to create a common framework in order to assist members and industry participants with their organization’s decision to develop and adopt blockchain technology.
The United States Postal Service (USPS) has reduced accidents 7% in New York since implementing a driver training program using virtual reality, according to Work Truck Online. The program, delivered by Virtual Driver Interactive (VDI), is called Virtual HD and has been used by USPS since 2015.
Container carrier reliability stood at just over 72 percent in September, marking the third straight month of declines, according to Lars Jensen, chief executive officer and partner at SeaIntelligence Consulting.
The Hong Kong-based containership leasing giant has also appointed Bing Chen to serve as its next chief executive officer, effective January 2018, following the retirement of co-founder and longtime CEO […]
Jack Hellmann, chairman, president and CEO of short-line and regional railroad operator Genesee & Wyoming, said the company is continuing to evaluate various acquisition and investment opportunities across its global […]
Seaspan names new chief executive officer; Wen-Parker Logistics appoints key account manager and director of finance; and ContainerPort Group President passes away.
DAT Solutions has joined the Blockchain in Trucking Alliance (BiTA). The Alliance is promoting blockchain technology and standards in the transportation industry. DAT operates North America’s largest digital freight marketplace.
FleetPal is looking to help smaller businesses with a comprehensive directory for truck maintenance solutions. “The idea of FleetPal is to bring everyone together on a single platform – the truck repair vendors, truck parts vendors, fleet owners, and the drivers themselves,” says Milko Valnev, co-founder.
Agriculture industry representatives are still waiting for a response from the U.S. Department of Transportation regarding a delay for agricultural carriers concerning electronic logging device (ELD) rule enforcement.
FTR’s Shippers Conditions Index (SCI) took a tumble in August, the firm said, dropping to a negative 6.7 reading. Most of the decline was due to the short-term fuel cost increases because of disruptions due to Hurricane Harvey.
There are some things that money can’t buy. For everything else, there’s Mastercard even for blockchain as reported by ZDNet. This opens up new opportunities for merchants and financial institutions alike to apply this technological trend to their own e-commerce-related foray into cloud-based solutions.
NYK Line and “K” Line got back into the black during the six months ended Sept. 30 after posting losses in the same 2016 period, while MOL’s earnings took a […]
Californians are about to see huge increases in the fuel taxes they pay at the pump. California’s Road Repair and Accountability Act of 2017, was signed into law by Gov. Jerry Brown (D) in April and will begin taking effect this Wednesday with a 12 cent jump in the gasoline base excise tax and a 20 cent spike in the diesel fuel base excise tax.
Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestlé, Tyson Foods, Unilever and Walmart are teaming up with IBM Blockchain to identify vulnerabilities in the food supply chain in order to prevent the effects of tainted food before they occur.
eCapital, a leading supply chain financial services provider, announced today that it has been selected as the newest member of the Blockchain in Trucking Alliance (BiTA). BiTA was formed by experienced tech and transportation executives to create a forum for the development of blockchain standards and education for the freight industry. View member companies here.
Last Friday afternoon, Stifel Financial Corp.’s John Larkin hosted a conference call with Blockchain in Trucking Alliance (BiTA) Founder Craig Fuller, President Chris Burruss and 228 industry participants to discuss how BiTA will work as a forum to create standard protocols and procedures for supply chain participants as the industry shifts to blockchain over the next 3-5 years.
In the tussle to improve conditions of the freight marketplace for both the carrier and shipper community, a lot has been left to be desired for the truck driver fraternity. A community-driven application named Road Hunter is now trying to take center stage – helping truckers on the road with essential information on truck stops, fuel stations, repair shops, and even weather updates.
Between Amazon’s rapid growth and unpredictability, third-party logistics providers say it is definitely a looming concern as to whether the e-commerce giant will be a threat to their business in […]
The North Atlantic port handled 573,458 TEUs in September, a 15.2 percent increase from 12 months prior, back when 18,000-TEU ships were not able to sail beneath the Bayonne Bridge.
Chicago-based freight broker and third-party provider Echo Global Logistics recorded a net income of $2.4 million on revenues of $509.5 million for the quarter, according to the company’s most recent […]
The Jacksonville, Fla.-based asset-light provider of integrated transportation management solutions recorded earnings per share (EPS) of $1.01 for the quarter, surpassing the street consensus estimate and Q3 2016’s EPS of […]
The North Liberty, Iowa-based trucking and logistics provider recorded a net income of $7.9 million on revenues of $182.1 million for the quarter, according to the company’s most recent financial […]
One of the largest financial exchanges in the world has partnered with DAT and Chattanooga-based TransRisk to launch a futures contract based on trucking spot rates. The venture brings together the benchmark pricing index with one of the largest financial exchanges in the world.
The recent run up in bitcoin price has not kept the critics at bay. One thing that most agree is that blockchain technology, the underlying technology of bitcoin, promises real-world applications and game-changing outcomes.
Penn State issued its 22nd annual 3PL study and the overriding theme was about the importance of data transparency in the supply-chain. Shippers are demanding more transparency in all of their vendors, but since logistics is the life-blood of a supply-chain, 3PLs must accelerate their investments and offerings for shippers.
The future of transportation is not found in Silicon Valley or Detroit. Singapore will lead the next century of transportation innovation.
Stifel sees stable, strong market fundamentals across transport. Click through for a recording of Stifel’s Friday afternoon BiTA conference call.
Founded with the purpose of addressing volatility for brokers, carriers and shippers in major shipping lanes through risk-management solutions, TransRisk is one step closer to doing just that. The company, along with DAT Solutions and Nodal Exchange jointly announced an agreement to develop, market and list the first and only trucking freight futures and options on futures contracts.
For the past 15 years, if a carrier needed some assistance getting over a rough time financially, there has been help available from lenders who specialize in transportation finance. One of those companies is Marquette Transportation Finance, which just surpassed a milestone of sorts: It’s lent more than $15 billion to companies large and small.
One of the early pioneers of aerial drone use in agriculture is now looking to grow his business in more ways than one. Steve Edgar, founder of Empire Unmanned, is investigating the Pocatello Regional Airport in Pocatello, Idaho, for future use as the first-ever unmanned air-freight hub.
Trucking companies that have not installed electronic logging devices (ELD) are in a race against time to get them installed on their trucks before the Dec. 18 deadline. Omnitracs and Samsung Electronics are giving drivers another option to meet the regulation, according to Reuters.
In its simplest form, the electronic logging device (ELD) mandate is designed to replace paper logbooks to better track drivers’ Record of Duty Status (RODS) and ensure compliance with hours-of-service (HOS) requirements. In theory, these rules help improve driver safety and reduce fatigue, but fleet managers can’t expect the rule to eliminate driver fatigue.
Cargo and passenger vessels on the high seas face a multitude of threats and risks that affect decision-making, from delays at canals to illegal migrant traffic, major weather events, and even disease outbreaks. A new emergency notification system is hoping to reduce those dangers.
On the Shanghai to Europe trade, spot container rates have finally stopped their weeks-long slide, rising 9.3 percent since last Friday to $744 per TEU as multiple carriers plan to […]
The Class I railway recorded a net income of $1.2 billion for the quarter, up 6 percent year-over-year, amid a 5 percent boost in operating revenues that came despite a […]
Sen. Bob Corker, chairman of the U.S. Senate Finance Committee, said it’s time to dismantle the longtime regulation that requires at least 50 percent of the nation’s overseas-bound food aid […]
The departments of Commerce and Homeland Security have entered an agreement to work together to facilitate international e-commerce and strengthen enforcement of U.S. customs laws related to these shipments.
Senate Finance Committee Chairman Orrin Hatch called acting Customs and Border Protection Commissioner Kevin McAleenan “one of the best witnesses to come before the committee in a long time” and […]
China COSCO Shipping’s port terminal operator arm increased profits 53 percent for the quarter as throughput and revenues rose from the third quarter of 2016.
