As of June 30, 2017, COSCO SHIPPING International, the investment arm of China COSCO Shipping, had net cash of HK $6.42 billion, which it said will provide strong capital support […]
The logistics software provider has formed a partnership with Vitti Logistics to provide the third-party logistics provider’s customers with real-time freight tracking across Mexico.
Cummins has unveiled a Class 7 electric powertrain that will power Class 7 trucks by 2019 and could recharge in as little as 20 minutes.
The Government Accountability Office (GAO) has recommended that U.S. Customs and Border Protection (CBP) take a more holistic approach to its compliance oversight of the nation’s sprawling foreign trade zone […]
Convey, a supply chain visibility and communication company, has secured $8.25 million in Series B funding from Techstars Venture Capital Fund, RPM Ventures, and other investors in a round of funding just announced.
As Texans come to grip with the impact of Harvey on their lives- we examine the impact of the storm on the freight markets. Harvey relief demand is expected to be enormous and will likely dwarf the truckloads sent to help in Katrina efforts.
As efforts to delay implementation of the electronic logging device rule continue to flounder in Congress, opponents have received an olive branch from CVSA. The group says that while it will enforce the ELD mandate on Dec. 18 as planned, out-of-service orders will not be issued until April 1, 2018.
While recovery efforts are still ongoing in many areas, the nation as a whole is about to feel the impact of Hurricane Harvey through increased fuel prices.
Driver-facing cameras are a controversial topic. Many drivers hate them, but at G&P Trucking, the company has implemented them and had success through an educational program that helps drivers understand why they are important.
Once revered as one of the top trucking companies in the nation, Celadon Group has hit a rough patch in 2017. But there is a new leader with a new vision, and that’s to make Celadon a top carrier once again.
China COSCO Shipping’s port terminal operator arm’s profits attributable to equity holders of the company skyrocketed 123.7 percent year-over-year during the first half of 2017 to $384.7 million.
The North Atlantic port handled 576,947 TEUs in July 2017, an 8.4 percent increase from the same month a year ago, according to recent data from the Port Authority of […]
The Maritime and Port Authority of Singapore and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan will helm a group studying the […]
Even as the industry steps up to help, dedicating thousands of trucks and millions of cubic feet of capacity to relief efforts, an analysis from FTR says that approximately 7% of the industry has been affected already and some of that will be affected for weeks.
The new Uber CEO has his work cut out for him. Few know what his take on Uber Freight is and whether the aggressive expansion will continue. Regardless, the digital freight era is upon-us and should they leave the market, others will take its place.
Sandeep Kar, a noted industry expert and frequent keynote speaker at industry events and resource for leading industry publications, has joined Fleet Complete as its chief strategy officer.
How did the solar eclipse last week affect the trucking industry? New data from Lytx tries to some numbers behind the event.
While the third quarter may be a slow time for contract renewals between carriers and shippers, a few deals have been done so far and the early indications are contract rates are heading up.
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has awarded more than $4 million in grants for a handful of hazardous materials training programs.
Uber selects Expedia CEO as its next CEO to replace founder Travis Kalanick
Texas’ largest grocery store chain responds to disaster with a convoy of specially outfitted trucks and trailers to deliver relief food, medical supplies, and dry-goods.
While Harvey may no longer be a hurricane, its flooding rains are expected to continue for days, causing major disruptions to travel and shipments in the state.
With consumers buying more online and more based on promotions, it has become less about brand loyalty and more about the benefits earned from digital purchases. All that is left is for shipping companies to provide app-assisted delivery.
The Federal Motor Carrier Safety Administration has suspended certain commercial regulations in Texas and Louisiana, including hours of service, for drivers providing “direct assistance” for hurricane relief under regulation 49 CFR 390.5.
Graphics processing unit (GPU) manufacturer Nvidia has invested into automated trucking company TuSimple, TechCrunch reports.
The time has arrived as the Texas coast braces for the nation’s first major hurricane landfall in 12 years. Hurricane Harvey was upgraded this afternoon to a Category 3 hurricane with winds of 125 mph. According to Riskpulse, the forecast track has remained consistent, with landfall later tonight near central Texas.
After Hurricane Harvey departs Texas, the area will likely be in need of relief supplies. Trucks will haul those supplies. but how are the logistics of moving relief supplies handled? Someone who was involved in that process explains.
At a cost of $4 billion, the new Tappan Zee Bridge has officially opened in New York City. Technically, one span of the bridge – four lanes open to westbound traffic – opens tonight with the second span scheduled to open in the spring.
The never-ending mystery over what kind of truck Tesla is building may have moved one giant step closer to being solved on Thursday when it was revealed the electric truck will likely have an operating range of 200 to 300 miles.
Singapore might be world’s smartest city. When you think of tech, you reflexively picture Silicon Valley. While Palo Alto may reign in the west, a tiny island nation of 5.6 million leads the east… and it’s turning to blockchain.
The New York Shipping Exchange (NYSHEX) has secured a Series A round of funding for $13 million, according to a press release. The company has developed the first digital forward freight contract for global container shipping.
The Red Sea port handled 398 vessels and 821,694 TEUs during the first half of the year, both increases of 14 percent from the corresponding 2016 period, according to recent […]
The National Hurricane Center has seen rapid intensification of Hurricane Harvey today and is now expecting the storm to gather strength before it makes landfall in Texas late Friday/early Saturday morning. The trucking interests are watching the storm closely as its final path and impacts will influence area spot rates, capacity, and fuel costs.
As predicted, the remnants of Tropical Storm Harvey have reformed into a Tropical Depression in the Gulf of Mexico. According to supply chain risk analytics firm Riskpulse, it is now likely that Harvey will make landfall on the south-central Texas coastline, perhaps near Corpus Christi, as a hurricane.
Nearly 30% of carriers are not yet in full compliance with the upcoming electronic logging device mandate and 15% said they will not be fully compliant at the deadline, according to the latest Morgan Stanley ELD survey.
While still strong, conditions may be moderating for the trucking industry as key indicators are slowly retreating from recent highs.
Four Democratic senators are urging U.S. Transportation Secretary Elaine Chao to reconsider DOT’s withdrawal of a proposed rule that would have mandated testing commercial truck drivers and rail operators for […]
The Armonk, N.Y.-based technology company is collaborating with various companies across the global food supply chain to explore how blockchain technology can be used to make the food supply chain […]
MST and Reederei is accused of failing to keep accurate pollution control records and falsifying records for the vessel Marguerita, according to a statement from the U.S. Department of Justice.
U.S. solar panel manufacturers SolarWorld and Suniva say their days are numbered without relief from a flood of cheap imports China and Taiwan.
PS Logistics, LLC, a leading national transportation and logistics company, announced today that it joined the Blockchain in Trucking Alliance (BiTA) as a charter member.
The battle for the quickest delivery is on. Arkansas-based retailing giant Walmart has official filed to patent a blimp-style warehouse, Fortune reports.
After seeing the fleet-wide fuel economy average climb 3% in 2015, the North American Council for Freight Efficiency (NACFE) says that the increase reported in its Annual Fleet Fuel Study was not as dramatic for 2016.
IBM has announced 10 companies that will begin running trials of its blockchain-enabled technologies, including major food supplier Nestle SA, according to Reuters.
The agreement will provide Maersk Tankers with access and exclusive rights to Boston-based hedge fund CargoMetrics’ analytical models, algorithms and capabilities.
Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping (USA) (collectively referred to as AEL) agreed to pay $518,063 for violating U.S. sanctions on Iran […]
Schneider Packaging Equipment names new president, while World Shipping, Inc.’s vice president of operations retires.
In the Gulf of Mexico, storms can happen quickly. That is the case with the remnants of Tropical Storm Harvey, which are moving into the Gulf and could potentially threaten the coast of Texas later this week.
Road crews have traditionally used a “crash truck” to protect workers. It’s often the first – and last – line of defense for construction workers, but it leaves a driver in that vehicle exposed to greater risk. The Colorado Department of Transportation hopes to change that, thanks to self-driving technology.
Solar power is most known as a source of electricity, but it is now proving that it belongs in other applications. Within the trucking industry, the use of solar is growing and it’s showing itself quite capable of the demands.
The recent news that the Environmental Protection Agency plans to revisit some portions of its Phase 2 greenhouse gas and fuel efficiency rules for medium- and heavy-duty on-highway trucks and engines has raised concern with the Truck and Engine Manufacturer’s Association (EMA).
Werner Enterprises, Inc. appoints board of directors member; time:matters Holding GmbH names new managing director, strategy & sales; and SIMWAVE hires manager for navigation.
Fleet Complete is the latest company to join the Blockchain in Trucking Alliance (BiTA) as a service charter member. BiTA is a consortium for the adoption, education and development of a standard framework around blockchain in the trucking industry.
Roadrunner Transportation Systems has officially announced the sale of its subsidiary Unitrans Inc., Business Wire reports. Unitrans, a Los Angeles-based cold chain logistics business, is being sold to New York-based full-service priority transportation and logistics company, Quick International Courier for $95 million.
To solve inefficiencies in the supply chain, project44’s goal since day one has been to focus on the automation, optimization, and visibility of the freight movements by replacing legacy technologies with its “one-to-many” connectivity.
It’s finally here. Eclipse day. And as many have predicted, traffic around the country is clogging the highways, causing delays.
The eclipse will result in slower freight volumes this week as companies adjust their normal production schedules. This will have a small drag on rates. According to one study, the US economy will take a $700M hit while people go outside and enjoy the once in a lifetime opportunity (for most) to see a total eclipse.
U.S. and Mexican Customs officials recently dedicated a new center at the Laredo, Texas, to allow both agencies to more efficiently work together to process freight trains crossing the border.
U.S. Customs and Border Protection has appointed Casey Durst to lead its Baltimore Field Office, where she will oversee a staff of 800 and agency field operations stretching from southern […]
The A.P. Moller-Maersk Group’s experience with Petya (or NotPetya) should be a wakeup call for the entire shipping and logistics industry; small shippers and forwarders can no longer afford to […]
As the numbers of electric-powered vehicles grows, questions about whether the electrical grid can handle the power demands are growing. Michael Barnard of Clean Technica looked at the possibility of electric-powered vehicles breaking the grid by the years 2021 and 2040.
Trucking venture funding continues to pick up steam. One fund, backed by the largest grouping of Fortune 1000 companies in the world and a top engineering school, makes an investment in two trucking startups for its initial set of investments.
An impending terminal crisis in net energy is looming over the global economy, according to Jonathan Rutherford of Insurgent Intelligence. The kind of growth that some multinational companies have been conducting is “green growth,” he notes with no signs of “degrowth.”
The Commerce Department’s housing starts and building permits data released this week shows a mixed bag when it comes to the housing market.
Although spot container rates declined from Shanghai to Europe, the Mediterranean and the U.S. East Coast since last Friday, rates from Shanghai to the U.S. West Coast experienced a slight […]
This is the latter part of the summer and it so happens to be among the busiest times for truck drivers. The vacation season is coming to an end, but that doesn’t mean the fun is over, for some, it’s just getting started.
Talk about disruptive companies. Every startup in the transportation space these days is touting itself as a disruptive company. A few will become just that. Many, if not most, will not. But few are also introducing a technology, let alone a service, that is disruptive.
Blockchain entrepreneurs have an opportunity. The logistics industry is ripe for disruption and blockchain technology is ready to take the lead.
South Korea on Thursday agreed to lift its ban on imports of U.S. poultry products and added a temporary measure to allow U.S. fresh eggs to enter the country duty […]
The Thailand-based container shipping line posted a net profit of 163 million Thai baht (U.S. $5 million) for the second quarter of 2017 on revenues of THB 2.8 billion.
KeepTruckin has partnered with Foley, a leader in FMCSA compliance solutions, to offer KeepTruckin’s electronic logging device to fleets. Any size fleet will have access to the KeepTruckin’s ELD and IFTA solution.
Many people don’t realize it, but construction firms have many of the same problems with truck visibility and tracking that less-than-truckload and truckload carriers have. And a truck arriving late can throw off an entire project’s schedule. That’s why Truck IT has introduce an app to help.
The latest craze in logistics is the “uberization of trucking,” i.e. digital freight brokers (DFM). In reality, though, DFMs are not new, with the first iteration of them appearing in the early 2000s with companies such as Power2Ship and TransMarkets. They have gained steam lately thanks to technological advances, but there is still some question about whether they are here to stay this time.
An unlikely alliance has formed between FedEx and UPS over a common problem. Their respective chief executive officers co-wrote an editorial in the Wall Street Journal in an attempt to get the attention of Trump administration and policy makers regarding needed industry reforms.
President Donald Trump once again took to Twitter this morning to lash out at Amazon, targeting the company’s alleged non-collection of taxes.
An industry that has a reputation of being behind the curve on technology may be at the forefront of one of the most important technological developments in decades. Yes, the trucking industry is poised to lead the blockchain way, and BiTA plans to help it get there.
McLeod Software has joined the Blockchain in Trucking Alliance (BiTA), a new organization focused on the promotion and educational efforts to utilizing blockchain technology in the transportation ecosystem.
Siemens has been awarded a contract by the German state of Hesse to build an overhead catenary line to run electric trucks along. The line will be built on a 10 kilometer stretch of the A5 federal autobahn.
The western Canadian port handled 69 million metric tons of cargo during the first half of the year, up 3.9 percent from the corresponding 2016 period thanks to higher container […]
The German port handled 70 million metric tons of cargo during the first six months of the year, a 0.2 percent decline from the corresponding 2016 period.
Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes region, saw revenues of $32.3 million for the first quarter of fiscal year 2018, which ended June […]
Money is flowing into trucking tech startups, and it is showing no signs of slowing down. According to CB Insights, the industry is on pace for its first billion-dollar year in cumulative funding. But the question remains, how much of this windfall of funds will end up in companies that truly make a difference in the trucking space?
World’s-largest container carrier Maersk Line reported a highly profitable second quarter based on stronger-than-expected rates, but expects to lose $200 million to $300 million recovering from June cybersecurity breach.
Two separate deals kicked off this week’s big transportation news as Greenbriar Equity Group has acquired Transplace and Descartes said it was acquiring MacroPoint.
The I-95 Corridor Coalition is moving forward with research that will help it determine whether a mileage use tax is the right approach to taxing in Pennsylvania and Delaware, according to NBC 10 Philadelphia.
The transaction is expected to close in late-September, but financial terms of the deal will not be disclosed, according to a joint statement from the companies.
The South Carolina Ports Authority’s project to deepen the main channel in Charleston to 52 feet is still on track to begin this fall, SCPA said in a statement.
Norfolk Southern names executive vice president and chief financial officer; CFI appoints senior vice president, sales and operations; and Swiss WorldCargo selects regional manager of the newly created Western, Southern […]
As interest in alternative fuels continues to grow, ACT Research is making it easier for fleets to compare different fuel types.
The Hamburg-based logistics provider and container terminal operator’s revenues rose 8.6 percent from the first half of last year thanks to developments in throughput and transport volumes.
Uber threw its hat into the trucking industry with its own app earlier this year, but now it is upping the stakes with new features, The Verge reports.
Picture a 40-foot container traveling from Mainland China to a suburb of Los Angeles. It often experiences more complications between the Port of LA and final destination than it does during its international trip. Is blockchain the solution to these problems?
Sea Machines Robotics adds member to its board of directors; and PeopleNet appoints senior vice president/general manager, truck.
However, U.S. Senate Minority Leader Charles Schumer, D-N.Y., has demanded that the government get the national sleep apnea testing plan back on track.
Analysts continue to argue that EVs are not ready to compete with internal combustion engines (ICE), and technology advances will need to come in the next decade or two before EVs can dominate the marketplace. But the Tesla Model 3 is challenging that, and it’s success is something that trucking will watch closely.
The quest for alternative energy has taken over Australia. In an effort to jump on the bandwagon of electricity-powered vehicles, the government of Australia has decided to push forward with construction of a new electric super highway.
The truck productivity hit that many have feared from electronic logging devices (ELD) may not be as severe as thought, but the implementation of the devices may hit the industry hard in other ways.
In recent years, disruption to routes along the Gulf Coast and East Coast because of hurricanes – which can spread hundreds of miles wide and leave widespread flooding and infrastructure damage in their wake – has been minimal. That could change this hurricane season.
The National Motor Freight Traffic Association (NMFTA) has made changes to the National Motor Freight Classification (NMFC). The changes, which took effect on Aug. 5, will impact how some items are packaged and costs to shippers, particularly those shipping via less than truckload.
The South Korean liner carrier recorded a loss of 173.7 billion South Korean won (U.S. $152 million) on revenues of KRW 1.24 trillion amid skyrocketing volumes, particularly on the Asia-U.S. […]
