There is a new option that companies are flocking to quickly raise capital: an ICO – initial coin offering. But there are inherent risks in doing so, and they may be too great to overcome for transportation firms.
While a proposal to increase minimum insurance levels is off the table for now, that hasn’t stopped advocates from pushing carriers to increase those limits above the current minimum of $750,000, which was set in 1983.
Shippers trust carriers to move their goods, but how do they know the carrier they have chosen can get the job done? A new Cerasis blog post lists the 12 data points every shipper should monitor when choosing a less-than-truckload (LTL) carrier.
Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.41 billion for the second quarter of 2017, up 23.8 percent from the corresponding 2016 period.
Total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 9.4 percent year-over-year in May to $98.2 billion.
Since last week, rates from Shanghai to the U.S. West Coast have surged 37.6 percent, from $1,226 per FEU to $1,687 per FEU.
A total of $17.2 million in cargo was reported stolen from the United States and Canada during the second quarter of 2017, down from $31.5 million for last year’s second […]
Kansas City Southern names VP of sales and marketing for the energy and short line relations business unit, and VP of intermodal relations, while Delta Airlines appoints vice president of […]
U.S. Customs and Border Protection on Thursday released its newest schedule for delivering the remaining post-release capabilities in its new umbrella information technology system, the Automated Commercial Environment.
A host of carriers have reported earnings with mixed results. Knight Transportation, UPS, Landstar Systems and Covenant were among the carriers reporting.
A ride-sharing company could be the perfect fit to solve the last-mile delivery problems of e-commerce. Here’s why a Walmart acquisition of Lyft could be the edge it needs to overcome Amazon.
Following years of complaints from the trucking industry that carriers are unfairly penalized for crashes that are not the driver’s fault, FMCSA is launching a 2-year demonstration program that allows carriers to dispute the findings of a crash.
The European Union’s competition watchdog said Belgium and France have until the end of 2017 to take the necessary steps to remove the tax exemption.
The Atlanta-based parcel giant recorded a net income of $1.38 billion on revenues of $15.75 billion for the quarter, as its U.S. Domestic Segment thrived from growing demand for e-commerce […]
The Long Beach Board of Harbor Commissioners elects new board president, vice president, and secretary; MacroPoint hires chief financial officer; and Union Pacific appoints board member.
Autonomous trucks, it turns out, may not be coming for the truck driver’s job after all. While many are predicting the demise of the worker due to automation, a leading expert on robots says that it will be many years before robots achieve the machine learning capabilities to operate amongst humans.
Paccar reported strong earnings yesterday, in particular growing its parts revenue 8.8% year-over-year for the second quarter, showing the power of aftermarket support.
California Assembly Bill No. 398, otherwise known as The California cap and trade extension, has become but a blip in the news cycle, since the law was passed. The bill extended the state’s cap and trade program that aims to cut greenhouse gas emissions until 2030. But it could mean much higher fuel prices.
Representatives from the air cargo industry told House lawmakers Tuesday that the current method and number of data elements supplied to CBP’s Air Cargo Advance Screening program are sufficient.
Fueled by a 15 percent increase in income from railway operations and a record operating ratio, Class I railway Norfolk Southern’s earnings during the quarter shot up 23 percent to […]
Association of American Railroads President and CEO Edward Hamberger called on the Surface Transportation Board to withdraw pending proposals he says are not consistent with the deregulatory goals outlined in […]
The air cargo industry is urging Capitol Hill lawmakers to keep up pressure on the Transportation Security Administration to expand its freight screening capabilities through the use of third-party explosive […]
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 138.5 in June, down 4.3 percent from the prior month’s reading of 144.7, according to the American Trucking […]
Crowley names vice president of international business and development, ClearMetal appoints vice president of supply chain management, Anacostia Rail Holdings names vice president of its Pacific Harbor Line subsidiary, and […]
After a start to earnings season that saw both J.B. Hunt and C.H. Robinson miss expectations, transport stocks received a boost as both Werner Enterprises and Swift Transportation reported better-than-expected reports.
Embark Trucks has announced a $15 million round of fundraising and a collaboration with Peterbilt Motors. The funding was a collective effort spearheaded by Data Collective, reported TechCrunch.
While the industry continues to argue of the value of electronic logging devices (ELDs), it turns out that some of the data they generate can be very useful to carriers and their drivers. Keep Truckin has compiled some of the data its ELDs have collected and done a deeper dive, coming up with valuable insights into roadside inspections, of all things.
Four of the defendants in the Pilot Flying J federal fraud trial have reached plea deals with prosecutors, according to documents filed Monday in the U.S. District Court for the Eastern District of Tennessee.
Trucking and logistics provider Werner Enterprises’ net income for the second quarter of 2017 shot up 27 percent year-over-year to $23.2 million on the back of improved freight volume metrics, […]
The American Waterways Operators has released a study documenting the contribution of the U.S. tugboat, towboat and barge industry on the nation’s economy.
Launched in November 2015, BCG xChange aims to make it more efficient for ocean carriers to reposition empty cargo containers and has now introduced a new feature allowing users to […]
Paul Svindland’s appointment as the new CEO of Celadon Group has been enthusiastically by many, including investors who have pushed up the company’s stock in recent weeks. But, Svindland faces many challenges in the weeks ahead.
Just a week after hitting a record high and signaling good things for the market, the Dow Jones Transport Average (DJT) tumbled last week, falling 2.79%. What’s in store for this week?
J.B. Hunt has acquired Specialized Logistics Dedicated for $136 million. The move expands the firm’s access to last-mile distribution services.
Kansas City Southern posted record second quarter revenues of $656 million, a 15 percent year-over-year jump, fueled by carload volume growth in four out of the Class I railroad’s six […]
The Senate Appropriations Committee has approved the FY2018 Energy and Water Development Appropriations Bill, which allocates $6.2 billion for the Army Corps of Engineers, up $190 million from FY2017 and […]
Genesee & Wyoming Australia appoints CEO, the Port Authority of New York and New Jersey’s board of commissioners selects a new vice chairman for the port authority, and Roadrunner Transportation […]
Although 19 states have passed laws regarding autonomous vehicles, they vary from state to state, posing challenges to the implementation of the technology, according to Larry O’Rourke, manager at global […]
The latest legal troubles for the U.S. Postal Service are just part of a problem in the agency which has seen billions of dollars in losses each year. The impact of these issues could significantly impact the broader trucking industry, which has a large stake in USPS’ success.
Plenty of load boards and brokers exist for trucking companies looking for freight. There are nearly 600 found on a basic web listing – and likely many, many more. But there are few, if any, like Sleek Fleet.
FedEx Freight announced that drivers at its Croydon, PA, facility have voted to leave the Teamsters Union. This comes just two weeks after drivers in Charlotte, NC, did the same.
In addition, the Danish ocean carrier has implemented “different and further protective measures” in its cyber security in the wake of the June 27 Petya virus attack that all but […]
However, the Eden Prairie, Minn.-based third-party logistics provider’s revenues for the quarter surged 12.4 percent year-over-year, driven by volumes growth across all transportation services.
The international freight forwarding and logistics company recorded a consolidated net profit of 29.9 million Swiss francs (U.S. $31.4 million) for the first six months of 2017, up 37.2 percent […]
The U.S. Federal Maritime Commission this week proposed to remove several container carriers from its so-called “controlled carrier” list, due to the fact they are no longer majority owned or […]
The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded a net income of $9.1 million and operating revenues of $171.5 million for the quarter, up 7.2 percent and 3.3 percent year-over-year, respectively.
The Long Beach Board of Harbor Commissioners approves the appointment of the port’s managing director of finance and administration, GCT appoints new president and CEO, BIFA elects national chairman, and […]
C.H. Robinson’s second quarter earnings report missed Wall Street estimates, in large part because of the rise in spot rates in the quarter which compressed margins, even though the company reported a rise of truckload and less-than-truckload volume.
Freight, orders and optimism continue to populate the minds of many carrier and shipping executives these days as more data points suggest the economy is continuing to improve. And it’s optimism that even uneven retail sales and consumer confidence can’t hide.
While platooning vehicles are close to real-world operation, the world itself may not be ready for them. According to a guide for legislators created by the Competitive Enterprise Institute, the varied nature of state laws may limited where platooning vehicles may operate.
Omaha, Neb.-based Class I railway Union Pacific reported earnings per share of $1.45 for the quarter, up from $1.17 per share a year prior and surpassing the Zacks consensus estimate […]
Delta Air Lines Cargo appoints director, cargo sales for the Asia-Pacific region; and the Transportation Trades Department, AFL-CIO’s executive committee elects president and secretary-treasurer.
Google Glass, those futuristic glasses created by Google a few years ago are back. Discontinued after meeting with only minor success despite great introductory fanfare, they have now made a reappearance with a focus on corporate America.
U.S. Rep. Brian Babin, R-Texas, has filed the ELD Extension Act of 2017 (H.R. 3282), which would delay the implementation of the electronic logging device mandate for commercial trucks from […]
CSX Corp.’s second quarter 2017 net earnings, revenues and volumes all increased from a year prior, as E. Hunter Harrison completed his first full quarter as chief executive officer of […]
Financial services firm HSBC has entered into a new supply chain finance partnership with GT Nexus, a provider of cloud-based business applications.
The Belgian port recorded year-over-year tonnage increases in the container, breakbulk, liquid bulk and dry bulk sectors for the first half of 2017.
The on-again, off-again saga over the electronic logging device rule is back on again after language was inserted into a House appropriations bill this week directing FMCSA to review the rule and make a determination if the rule should be delayed or changed.
A world with zero fatalities caused by road accidents sounds pretty idealistic — but is it realistic? The communities around the world backing the Vision Zero initiative think so.
The long-awaited U.S. outline for the goals of a renegotiation of NAFTA has been unveiled, and there are few surprises in the 17-page document. The document outlines the U.S. top priority of shrinking trade deficits with Canada and Mexico.
The Swiss-based third-party logistics provider has been busy this quarter, entering into new acquisition agreements as its second quarter net earnings grew 2.1 percent year-over-year to 191 million Swiss Francs […]
The Lowell, Ark.-based intermodal and trucking provider’s earnings per share of $0.88 for the quarter fell short of analyst expectations, but operating revenues rose 7 percent from the second quarter […]
Last week, Volvo Trucks announced that it would soon be adding Apply CarPlay to its lineup as an optional package. More connected trucks will soon become commonplace, and maybe in the commercial transportation space, technologies such as this, Android Auto and WiFi will be welcomed additions.
Starting with just two trucks in Joplin, MO, in 1951, Contract Freighters Inc. (CFI) built a reputation for quality service, professional drivers, and being a good community partner. Today, CFI – after several name and ownership changes in the past 15 years – is reconnecting with the Joplin community and its customer base. The truckload carrier is home, even though it never left.
Fleets outfitting their tractors with 6×2 axle are still finding benefits, but adoption of the configuration has been slow according to a North American Council for Freight Efficiency (NACFE) and Carbon War Room update to its 2013 Confidence Report on 6×2 axles.
This week kicked off a series of 16 customer and dealer events at Volvo’s new Customer Center here. It was one of several big news events for the company – the others being an update on its new VNR regional tractor model which was introduced in April, and the first unveiling of an updated VNL line.
According to a report in a German newspaper, Daimler has now been swept up in the emissions cheating scandals that have been raging across Europe in recent years.
The U.S. diesel-powered heavy truck fleet of about 3 million vehicles is now 30 percent cleaner in terms of emissions and more fuel efficient than it was five years, according […]
The Federal Maritime Commission completed compromise agreements with eight non-vessel-operating common carriers and one unlicensed entity for Shipping Act violations which resulted in the collective recovery of $925,000 in civil […]
A former general manager at Timber Creek Resources in Newton, Wis., pleaded guilty and was sentenced this week for criminal violations of U.S. Plant Protection Act regulations that govern the […]
The Office of the Revenue Commissioners, the Irish government agency responsible for customs, excise and taxation, said the illegally imported cigarettes arrived in containerized shipments from Vietnam and China via […]
As much of the world is progressing towards Industry 4.0, Japan is going a step further. In its recently released Growth Strategy 2017 report, the county puts technological achievements, such as autonomous trucks and drone deliveries, on the fast track as it seeks to develop Society 5.0.
A surprise national brake safety inspection day on May 3 netted nearly 12% of commercial vehicles inspected with brake violations, the Commercial Vehicle Safety Alliance announced this week.
Meanwhile, the world’s largest ocean carrier also says that it is now up-to-date on short-term quotes, is progressing on issuing invoices and that its delivery process for imports is operational.
Major retail container ports in the United States can expect two of the busiest months ever for imports in July and August, according to the latest monthly Global Port Tracker […]
The Federal Maritime Commission on Tuesday hosted nearly 40 industry representatives to spend the next two days sharing strategic information on how to keep the export-side of the U.S. supply […]
Ronald Batory, who has more than 46 years of field and system experience in the railroad industry, retired as president and chief operating officer of Consolidated Rail Corp. on April […]
4flow names executive vice president, Milestone Equipment Holdings appoints president and chief executive officer, the New York/New Jersey Foreign Freight Forwarders & Brokers Association elects new president, and Tideworks Technology […]
Hearing on NAFTA modernization The House of Representative’s Committee on Ways and Means will convene a hearing on the modernization of the North American Free Trade Agreement (NAFTA). USCG cyber […]
Calling it the “most innovative, most exciting trucks from Volvo in 20 years,” Volvo Trucks North America officially took the wraps of its updated VNL family of trucks.
The U.S. Department of Transportation’s Office of Inspector General is conducting an audit to address concerns about oversight of federal funding or financing for positive train control projects and recipients’ […]
With so much acrimony already between the U.S., Mexico and Canada over various commodities traded across their borders, just imagine how hard it will be for the Trump administration to […]
The North Atlantic port handled 565,052 TEUs in May, up 7.6 percent from May 2016, and officials expect volumes to grow even further now that ships up to 18,000 TEUs […]
When the U.S. auto industry came roaring back to life, it was a boon for carriers who made their business hauling autos and related products. But as sliding sales in 2017 show, nothing lasts forever. And it’s possible that the future is even murkier for carriers who rely on the auto business for their livelihoods.
Someday real soon, vehicles will self-diagnose themselves, order the repair parts, and maybe even replace the part themselves. Vehicle maintenance is already partially of the way there. but the U.S. Marines are going a step further.
As of June, 178 containerships with an aggregate capacity of 474,000 TEUs were idle, with over half of the ships having a capacity of 2,000 TEUs or less, according to […]
The Northern California port handled 204,255 TEUs for the month, with full container imports reaching 80,253 TEUs and full container exports totaling 75,460 TEUs.
The United States increased its amount of beef, pork and lamb exports in terms of volumes and value in May compared to a year prior, according to data from the […]
Janel Group, Inc. names new president, while the U.S. Army Corps of Engineers, Charleston District appoints new commander.
Surprisingly, a new survey from SOTI has found that nearly 70% of transportation and logistics executives have not grasped the importance of rugged handheld mobile devices in the field.
Multiple reports have indicated that Walmart has threatened to withhold business from any trucking company that continues to haul goods for Amazon. Walmart has denied making any such threats, but the mere suggestion of it raises questions that carrier executives need to address.
Seeking to build “greater lane density to improve utilization and yields through more efficient dispatch and capacity allocation,” Heartland Express Inc. announced it is acquiring Interstate Distributer Co. (IDC) of Tacoma, WA, from Saltchuk Resources.
Are you ready for electric vehicles? A new report from Bloomberg New Energy Finance (BNEF) says that electric vehicle (EV) sales will account for 33% of all light-duty vehicles on the road by 2040.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized […]
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Maersk Line and parcel carrier TNT Express are just now getting major functions back online after last week’s massive cyber attack, compounding a systematic problem that needs to be addressed […]
The National Customs Brokers and Forwarders Association has offered the Federal Maritime Commission myriad suggestions on how the agency rules applying to NVOs and forwarders should be amended or eliminated.
Meanwhile, President Donald Trump is currently attending the G20 Summit in Hamburg, where members – comprising 19 countries and the European Union – are discussing international trade, among other global […]
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
Don’t get hung up in the back-end weeds of blockchain technology – it’s about transferring value between parties
