The German ocean carrier posted year-over-year increases in net profit, revenues and volumes during the quarter as it nears completion of its integration with United Arab Shipping Co., which it […]
FrAIght, a startup based out of Chicago is looking to introduce an artificial intelligence powered freight broker service into the market, hoping to make a difference. The company works at the intersection of connectivity and technology by intelligently automating and mimicking existing workflows including email, fax, and EDI.
Logistics provider and container terminal operator Hamburger Hafen und Logistik AG (HHLA) recorded group revenues of 942.8 million euros for the first nine months of 2017, up 8.3 percent from […]
The Nov. 10 AS Daily article, “HMM posts loss in Q3 2017,” reported that Hyundai Merchant Marine (HMM) had a net loss of KRW 968.7 billion for the third […]
Profit Tools Inc., a provider of Intermodal Transportation Optimization Solutions, today announced that it has joined the Blockchain in Trucking Alliance (BiTA).
GlobalTranz Enterprises Inc. announced it has joined the Blockchain in Trucking Alliance (BiTA), a group of industry executives and companies dedicated to developing and promoting blockchain technology standards throughout the logistics and trucking industry.
Today SAP SE, a global leader in enterprise management software, announced their partnership with the Blockchain in Trucking Alliance (BiTA). SAP is a German multinational corporation with 84,000 employees serving 365,000 business and public sector customers in 180 countries.
Despite the still-existing demand for customers to visit brick-and-mortar stores to see and touch the goods, especially fresh food items, before buying, Jewel-Osco has decided to give in to the demand of delivery service, The Chicago Tribune reports.
The seventh and final ELD survey conducted by Morgan Stanley before the Dec. 18 compliance date has found that capacity is expected to tighten about 3.44%, the highest level of all the surveys, the firm said.
According to a recent report by Bloomberg, American negotiators are advocating to remove Mexican long-haul trucks from the NAFTA Chapter on cross-border services.
Third-party logistics provider CEVA Holdings narrowed its loss to $22 million from a loss of $41 million for the third quarter of 2016 thanks to a sharp boost in operating […]
Nils Smedegaard Andersen, who served as group chief executive officer of A.P. Moller – Maersk A/S from December 2007 until July 1, 2016, was named chairman of European regional carrier […]
FMC reviews 21 OTI license applications
The U.S. Federal Maritime Commission has received 21 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 21 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 21 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 21 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Blue Axis Shipping & Freight, […]
The U.S. Federal Maritime Commission has received 21 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 21 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ABC Logistics, Seattle (Mohamed Meselhy, vice […]
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the Office of Transportation Intermediaries.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the FMC’s Office of Transportation Intermediaries.
Asian shippers are siding with the Notorious B.I.G.’s declaration of regional loyalty from the 1997 hit “Goin’ Back to Cali”: “If I got to choose a coast, I got to choose the East.” The expansion of the Panama Canal that doubled its capacity has started shifting freight to east coast ports, which have invested billions in dredging, construction, and equipment purchases to take advantage of the increased flow.
A Brazilian trucking startup, CargoX, has successfully secured $20 million in a Series C funding backed by banking behemoth Goldman Sachs, TechCrunch reports.
Choptank Transport, an award-winning, nationwide third-party logistics (3PL) provider announced today that it has joined the Blockchain in Trucking Alliance (BiTA) to help shape the future of logistics technology.
Shippers may not be paying the correct price for fuel based on the way contracts are written and fuel surcharges are applied, according to Breakthrough Fuel, which advises a market-based approach instead of the traditional surcharge method.
Boeing patented a design for an intermodal container-carrying plane that can pick up and drop off boxes directly onto the airport runway. This plane embodies an intermediate mode between currently existing high priority, high cost air freight and low priority, low cost railway and ship freight.
A push to increase detention pay has been gaining momentum in recent years in the U.S., yet detention remains a significant problem for carriers. Could the introduction of ELDs and blockchain eliminate that problem?
Fort Worth, Texas-based Apex Capital Corp, a freight factoring company serving small to medium-sized trucking companies, proudly announces its membership in the Blockchain in Trucking Alliance (BiTA).
Transfix, the technology platform that is changing the way companies and shippers manage their supply chain, announced today that it has joined the Blockchain in Trucking Alliance (BiTA).
Azuga, a leading global provider of connected vehicle and fleet technologies, today announced that it has joined the Blockchain in Trucking Alliance (BiTA).
An Ohio state legislator has introduced a bill that would require trucks operating in Ohio to have side guards to help protect pedestrians and bicyclists.
TransRisk, the developer of the first trucking futures contract, raises a venture capital round led by Bill Ford’s mobility venture investment fund. Seven other venture investors participated in the capital raise.
The European Parliament and European Union member states agreed on a revision of the EU’s Emissions Trading System that, for the time being, excludes shipping.
The Seattle-based global logistics company posted net earnings of $120.6 million for the third quarter of 2017 amid higher revenues and volumes.
Millennials are tech-savvy more often than not, and providing them with tools that could ease the life of a trucking job could empower a lot more to join the system.
Co-developer Naval Dome says that its system is the first multi-layer cyber defense solution developed specifically for maritime applications.
ECU Worldwide and QTerminals each name new chief executive officer.
The quest for greener sources of automobile fuel usually boils down to finding fuel with lower carbon emissions. Toyota is trying to develop an approach using fuel cells powered through its Hydrogen Supply Project.
As the Chinese economy rises and more people in the world’s largest nation move into the middle class, the demand for foreign goods escalates. In response to domestic demand and pressure from the U.S. to lower the trade deficit, China is opening its doors to American beef.
Uber plans to roll-out air-taxis by 2020 and has targeted Dallas Fort-Worth, Dubai, and Los Angeles for pilots.
Despite skeptics insisting on calling it an electrical airplane, Uber would rather call its latest prototypes Vertical Take-Off and Landing (VTOL) vehicles. Jalopnik has just reported the ride-hailing innovator’s deal with NASA to develop VTOLs. Tests are expected to start by 2020.
Steadily rising global copper prices have spurred US production, up 21% since 2011. Although Chinese demand has softened somewhat, copper from mines in the Southwest should flow into Texas, Florida, and California as they rebuild from natural disasters.
For the first time since DAT began reporting its data in the current format, the monthly spot rate has exceeded the contract rate at the same time in all three modes. And the latest DAT Trucking Freight Barometers are continuing to signal that the ‘fall surge’ is happening for the first time since 2007. Now is a good time to have secured capacity and a bad time to be locked into contract rates.
The U.S. has its first electrified highway. While not a long stretch, the one-mile catenary system on the north- and south-bound lanes of South Alameda Street from East Lomita Boulevard to the Dominguez Channel in Carson, CA, are providing a proving ground for the technology.
Augmented reality is a concept that sounds like jargon at face-value, but in effect, could help digitally transform the freight industry. AR is now ubiquitous in the freight niche – from floating insights while on the road about vehicle mechanics and on-road intelligence to bolstering warehouse logistics.
The automated car subsidiary of Google parent Alphabet Inc. started testing a fleet of self-driving vehicles on public roads in Phoenix last month without anyone behind the wheel.
After a record-setting year, although import volumes at major container ports across the U.S. are not expected to decline in 2018, the rate of import growth is likely to slow […]
Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $4.2 million on revenues of $521.6 million for the quarter, according to the newly […]
Spot container rates from Shanghai to Europe declined 6.5 percent since last Friday, while rates from Shanghai to the Mediterranean fell 6.2 percent, according to the Shanghai Shipping Exchange’s Shanghai […]
The merger of Knight Transportation and Swift Transportation may be the transportation highlight for the year, but there has plenty more activity revolving around mergers and acquisitions (M&A) in 2017, with no letup in sight.
South Korea’s largest ocean carrier recorded a net loss of 60.3 billion South Korean won (U.S. $54 million) for the third quarter of 2017.
The U.S. Federal Maritime Commission voted to move forward with issuing a notice of proposed rulemaking in the Federal Register calling for industry feedback into simplifying the agency’s rules and […]
U.S. Commerce Secretary Wilbur Ross found himself on the hot seat this weekend when leaked papers revealed that a Russian businessman on the U.S. sanctions list has ownership in a […]
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, […]
