TuSimple, a Chinese autonomous truck technology startup that is backed by Nvidia with offices in San Diego, has raised an additional $55 million in venture capital.
Following a Thanksgiving week that saw loads depressed, but not rates, the spot freight market was going full steam ahead last week with loads climbing 64% on the DAT network of load boards.
Blockchain is a foundational technology, said Jason Kerner, vice president of sales engineering for Project44, that will allow the building of transformational technologies in the future.
COSCO Shipping Holdings’ acquisition of the parent of Hong Kong-based liner carrier Orient Overseas Container Line (OOCL) gained approval from the European Commission, the anti-trust watchdog of the European Union.
The non-profit filed a motion for preliminary injunction on Monday to postpone the project, but a U.S. Army Corps of Engineers spokesperson told American Shipper Wednesday it is still anticipating […]
Massachusetts Port Authority hires new deputy port director of business development; and Simplified Logistics hires chief financial officer and executive vice president of strategy, and executive vice president of sales.
Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 5.7 million tons in November 2017, a 1.1 percent boost from the same month last year, according to […]
Like all of the companies at the first Blockchain in Transport Alliance (BiTA) meeting, held last month in Atlanta, TMW Systems sees blockchain technology playing a critical role in the freight transportation industry going forward.
Don Hummer Trucking is betting on the future of blockchain technology to radically transform the trucking industry. The company recently announced it is joining the Blockchain in Transport Alliance.
UPS has angered the Teamsters union after it implemented a longer workweek for package delivery drivers for the holidays.
As it stands, the tax bill, as it’s currently drafted, looks to benefit the industry in general, but what it means for the individual trucker is less clear.
BNSF Logistics, a leading multi-modal third-party logistics service provider, announced it has joined the Blockchain in Transport Alliance (BiTA) to help lead, develop and promote benchmark standards for blockchain applications; the next generation of secure transactions in logistics and supply chain management.
Following on the footsteps of its European counterpart, Daimler Trucks North America will begin shipping 3D printed parts under a pilot program. Daimler’s Mercedes-Benz unit started a similar pilot in Europe last year.
Truck drivers are concerned with pay, but it’s not the most important topic on their mind when providing feedback to their employers. WorkHound compiled a list of topics drivers talked about the most, and pay only came in fourth. What was number one?
The U.S. trade deficit totaled $48.7 billion in October, an 8.6 percent increase from September, according to the U.S. Commerce Department.
George Abernathy, an industry veteran, joins TransRisk as the company accelerates growth
FedEx Express has announced the second planned purchase upgrading its feeder fleet–a more powerful Cessna that can haul twice the freight and fly faster than the old Caravan 208s.
Xeneta forms NVO commercial team; Anacostia Rail Holdings announces marketing and sales appointments; Mohawk Global Logistics names general manager of its Cleveland branch; and the Virginia Maritime Association elects new […]
Cowan Systems, a Transport Topics Top 100 for-hire carrier and Top 50 Logistics provider, announced it has joined the Blockchain in Transport Alliance (BiTA).
Eastern Europe’s infrastructure lags behind Western Europe, yet the logistics industry in that region has outperformed the remainder of Europe in the past year.
One of the largest elements of operational expenses in the freight hauling business is fuel, and yet there are a limited number of fleets that actively manage this cost effectively. Wisconsin-based Breakthrough Fuel is providing a way to effectively manage energy and reduce costs.
Daimler’s Mercedes-Benz Vans brand has introduced its third-generation Sprinter van at an event in Stuttgart, Germany. The van features many of the iconic attributes it always has, but has added new connectivity to further improve its utilization.
The Atlanta-based parcel giant has acquired Sandler & Travis Trade Advisory Services, the world’s largest dedicated global trade compliance management firm.
Job application fraud is a serious and significant problem in all industries. But without the time and financial resources to properly vet candidates, especially in an industry such as trucking with is facing a shortage of some 50,000 drivers, bad employees get through.
The Postal Regulatory Commission issued a notice of proposed rulemaking on Friday, calling for U.S. Postal Service price increases beyond the rate of inflation.
The Danish shipping giant is beefing up its cyber security, automation and big data analytics by hiring “world-class talent” for its India-based digital technology center, according to local media outlet […]
Licensed customs brokers can begin turning in their 2018 triennial status reports on Dec. 15, with a final deadline for submissions of Feb. 28, 2018, U.S. Customs and Border Protection […]
NFI names senior vice president of global logistics; Swissport International appoints VP head of group communications; and InstaFreight names managing director.
Despite significant investment in supply chain and logistics technology firms, venture capitalists say a divide remains between investors and the industry when it comes to understanding how shipping works, what […]
German automobile manufacturer Volkswagen has decided to throw its hat into the electric vehicle market, planning to develop 40 models for Chinese automobile market by 2025.
Security within the supply chain can be increased with blockchain technology because of its transparency.
The deployment of autonomous vehicles will become a viable option for Singaporean locals, thanks to a joint effort between the city-state’s Land Transport Authority (LTA) and the Ministry of Transportation (MOT).
Turning bits into atoms in real-time? It’s as profound as the idea of instantly sharing thoughts across the world would have been to a person just a few decades ago. So how close are we to the dreams of the 21st century, and what does 3D printing have to do with it?
ZIM, MTI, and Maersk have all announced trials of blockchain-based solutions for shipping, from bills-of-lading to cybersecurity protections.
Toyota announced it is building a megawatt Tri-Gen hydrogen plant in California. The plant will produce hydrogen using renewable sources and will provide fuel for its Project Portal Class 8 hydrogen truck.
Almost every freight flow is growing. Some are growing a little and some are growing a lot, and all of them are accelerating in their rates of growth. Transports are surging as the underlying strength in both the consumer and industrial goods flow continues to improve. We see this as extraordinarily bullish for the overall U.S. economy.
Defining a common set of standards is critical to ensuring the mainstream adoption of blockchain-enabled technologies. That’s according to the CEO of Marine Transport International, a UK logistics technology provider that specializes in blockchain-enabled products.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
Carbon emissions, safety and cyber security were at the top of the agenda at last month’s meeting of the Tripartite Shipbuilding Forum, which attracted over 100 delegates and was hosted […]
Global airfreight volumes rose 5.9 percent in October from 12 months prior, while capacity ticked up 3.7 percent, according to the latest data from the International Air Transport Association (IATA).
The Berlin-based digital forwarding startup has closed an 8 million euro (U.S. $9.5 million) series A funding round with a private investment company.
Natilus, a startup based out of California, is looking to provide a drone solution that allows it to transport freight multiple times faster than when it is shipped across the ocean, at half the price of regular air freight.
Embark, Ryder and Frigidaire are testing Embark’s semi-autonomous trucks on routes running from Texas to California.
Yesterday, the Small Business House Committee heard how forthcoming ELD regulations will stifle competition, and how it won’t actually provide safety benefits.
One of the common questions surrounding blockchain is how it will be utilized in the supply chain. Many people assume smart contracts, transparency and quicker payments will be early uses. For Rana Basu, founder and president of Consurgo, that discussion is ongoing on a daily basis.
CMA CMG and MSC have entered orders for a total of 20 record-breaking 22,000 TEU ships, reflecting a long-term trend toward consolidation in larger vessels and growing confidence in maritime shipping rates.
Any job that involves repetitive action is an easy target for mechanical replacement. Many economists and employers wonder how long the warehouse hiring boom will last before robots prevail.
LoadDelivered, a leading temperature-controlled third-party logistics (3PL) provider in North America, announced today that it has become a member of the Blockchain in Transport Alliance (BiTA).
FourKites has launched its own ELD certification program that operates on an open architecture platform to help shippers and 3PLs to assist carriers in choosing ELD solutions that offer visibility into location data.
The French freight industry is one of the largest markets in the world. But like its North American counterpart, the industry suffers from considerable fragmentation, with 90% of the fleet companies owning fewer than 10 trucks. Convargo is working to solve this by connecting shippers and carriers in real-time.
Sheer Logistics, a 3PL and transportation services provider headquartered in St. Louis, MO, has joined the Blockchain in Transport Alliance.
The U.S. Federal Maritime Commission (FMC) has issued a proposed rulemaking that the agency says “expands flexibility and deregulates” Non-Vessel-Operating Common Carrier Service Arrangements (NSAs) and Negotiated Rate Arrangements (NRAs).
The ocean freight rate benchmarking and market intelligence platform said that over 30,000 reefer container rates are available immediately for beta program customers.
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is amending its regulations to allow fresh mango fruit imports from Vietnam to enter the continental United States […]
Just as people are getting used to the concept of blockchain and Bitcoin, now we have something called initial coin offerings (ICOs), which use cryptocurrencies to raise money. Sometimes called token sales or TGEs, they are becoming a popular way for companies, especially startups, to raise funds.
UPS hires chief transformation officer; Canadian Pacific names vice presidents for its three business units within the sales and marketing team; SeaCube Container Leasing names chief commercial officer; and MPC […]
Arke Technology, a company dedicated to improving driver retention, has joined the Blockchain in Transport Alliance (BiTA). This membership will allow it to influence the future of transportation technology by taking part in the development of blockchain technology standards and education for the freight industry.
British startup Tevva Motors was one of the companies that took advantage of the exposure afforded transportation companies at the recent Freight in the City 2017 event in London. The company introduced its greenest truck ever, Trucking TV reports.
American oil production and the number of rigs should reach record highs in 2018. This is good news for trucking: both demand for truckload miles and overall economic growth will increase.
When people discuss blockchain, often the concept is too abstract to grasp. In many respects, you need a phD to understand it. So it was fortuitous for Blockchain in Transport Alliance (BiTA) members that the group’s first meeting in Atlanta recently had just such a person.
Used-truck sales volumes continued their upward trend in October, but the industry is still facing an oversupply of vehicles, according to ACT Research. Class 8 same dealer used truck sales increased 12% month-over-month and 37% over October 2016, the firm said.
Velodyne LiDAR in San Jose, CA, announced this morning the release of its ground-breaking new sensor for autonomous vehicles, the VLS-128, which offers double the range and 10x the resolution of its previous industry-leading sensor.
What’s technology is next in line to become the new normal? Blockchain technology? Drones delivering anything under five pounds within hours or minutes? Maybe. Just as likely, and maybe even sooner: self-driving cars and, especially, self-driving trucks.
Shipbroker and research consultant Clarksons revealed Wednesday that sensitive data had been potentially compromised by an outside hack and that the attacker may release some of the breached data today.
The total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement (NAFTA) rose 3.6 percent year-over-year in September, but the future […]
Regardless of their level of knowledge on blockchain, attendees at the first BiTA meeting were engaged by Ken Craig, senior vice president of special projects for McLeod Software, as he delivered an energetic and entertaining primer on Blockchain 101.
A.P. Møller-Maersk appoints members to executive board; ShipMoney selects head of the company’s Scandinavian operations; CRST International names president of CRST’s Logistics Inc.; and the IACSC elects new officers and […]
The U.S. Justice Department will make permanent a program that encourages companies to self-disclose violations of the Foreign Corrupt Practices Act (FCPA), but it’s not a get-of-jail-free pass for wrongdoing.
As the talks concluded last week on Round 5 of the North American Free Trade Agreement (NAFTA), the 3 NAFTA ministers included among the 30 negotiating parties agreed to “step back” to give negotiators additional time to “analyze proposals and conduct internal consultations,” according to LandLine Magazine.
Logis9, a tech-enabled, non-asset based 3PL based in Sunnyvale, CA, that designs customer transportation solutions, announced it has joined as a new member of the Blockchain in Transport Alliance (BiTA).
Could the economy be starting to slow? That is a conclusion that FTR’s Don Ake has drawn after reviewing a number of economic indicators. He bases his evaluation on current GDP growth and what he thinks will be coming in 2018.
Nearly 60% of people find blockchain interesting, but remain unclear on its usefulness, according to a Gartner Research survey. That was just one of the nuggets of information Bart DeMuynck, research director at Gartner, imparted on the audience during the recent Blockchain in Transport Alliance (BiTA) meeting.
The autonomous trucking company raised $55 million in a Series C funding round led by Composite Capital, with participation from existing investors Sina and ZP Capital.
Hackers could potentially cause environmental damage and incur heavy fines for shipping lines by using nefarious techniques, according to a recent report from security testing company Pen Test Partners.
BiTA, previously known as the Blockchain in Trucking Alliance has expanded its mission and renamed the Alliance the Blockchain in Transport Alliance to reflect its focus on all forms of transportation, not just trucking.
On Black Friday, Morgan Stanley released its research report “Blockchain in Freight Transportation: Early Days Yet but Worth the Hype”–we break down the key takeaways, from lists of current use cases to potential obstacles to implementation and how they’ll be overcome.
ShipChain, the blockchain platform disrupting the trillion-dollar freight industry, announced its membership in the Blockchain in Trucking Alliance (BiTA.) In doing so, it also made clear its intention to partner with other major players in the logistics space, like UPS, in order to scale unified transport management as far and wide as possible.
Innovation is sweeping across the trucking industry; technologies such as autonomy, blockchain, and electrification are beginning to demonstrate real value potential. However, the question is, where innovation has been stagnant in the past, is the industry ready for change?
The spot market, which has been trending up for much of this year and is near record highs, is showing no signs of slowing down, according to DAT.
The Israeli ocean carrier had a net profit of $25.2 million for the quarter compared to a net loss of $37.6 million for the third quarter of 2016, thanks to […]
Automation and digitization continue to infiltrate the shipper and 3PL markets, even as those industries lag in investment, according to a study conducted by Infosys Consulting and presented during a Stifel conference call on Tuesday.
The Taiwanese ocean carrier finalized the rights offering of 500 million new shares at 12 new Taiwan dollars per share, cashing in a total of NTD 6 billion (U.S. $200 […]
CMA CGM names chairman of the board; DB Cargo AG appoints chief executive officer; IAG Cargo announces three new executive team appointments; and the Hong Kong Shipowners Association elects new […]
China-based autonomous driving technology start-up, Tianjin TSINTEL Technology, has successfully secured $15.15 million in a Round A fundraising spearheaded by the CMG Innovation Investment Management Co., Yicai Global reports.
Injury insurance claims from ports involve vehicles or other heavy equipment 85% of the time. An insurance provider has studied the claims and is making recommendations to ports on how to prevent them.
Nikola Motors, a leading startup that is building the next generation of truck tweeted out that Elon Musk was full of it and his claims on performance and range were invalid
In a mere seven months, the trucking marketplace has gone from over-capacitized to the most under-capacitized in recent history as the market dynamics have dramatically changed.
The story of railroads is as old as the independence of the United States. The growth of railroads ran in parallel with the economic surge and transportation expansion of the 19th century. Fast forward two centuries and the grasp of railroads on the freight transport market has all but waned.
Data from the freight markets indicate a super-strong economy
Tesla updated its Semi website over the holiday, publishing a $150,000 base model version going to $200,000 for a limited run special Founder Version. The company also increased the deposit for orders to $20,000 each from $5000.
UK-based fleet management solutions company Microlise told attendees at the recently concluded Freight in the City 2017 conference how big data can boost productivity for truck drivers and operators alike with an emphasis on safety.
Data from the freight markets indicate a super-strong economy
TMW’s Tim Leonard has been at the forefront of big data in transportation for decades. Now he’s leading the charge on developing blockchain business applications. Yesterday, Leonard spoke to FreightWaves about his recent product demos.
Following on the heels of a 90-day waiver from the ELD rule for agriculture haulers, and several other exemptions granted by FMCSA in recent months, the Owner-Operator Independent Drivers Association (OOIDA) has submitted a new exemption request to the agency.
Walmart’s commitment to digital sales, grocery pickup, and two day delivery mean a newly intensified supply chain: more truckloads to its stores, which are now acting like fulfillment centers, more expedited service in the holiday shopping capacity crunch, and more demand for last-mile delivery to its customers’ homes.
U.S. Customs and Border Protection’s (CBP) agricultural specialists undergo extensive training in order to identify dangerous species and diseases carried on international cargo and prevent them from entering the country.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has placed North Korea’s government agencies in charge of maritime transport, as well as half a dozen North Korean shipping […]
The Icelandic shipping company’s net earnings totaled 8.8 million euros for the quarter, down 6.3 percent from the third quarter of 2016 due to adverse currency exchange fluctuations, but operating […]
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 147.6 in October, up 3.3 percent from September’s reading of 142.9, according to the American Trucking Associations (ATA).
NetraDyne, a company based out of San Diego, is using artificial intelligence and computer vision to track drivers through intelligent and situationally aware cameras on deck.
