Intra-regional trade is leading the strong growth in container cargo traffic, up 17 percent compared with 7 percent growth in deep sea shipments, according to London-based maritime consultant Drewry.
Peel Ports appoints head of container operations and deputy chief operating officer, V. Group names interim CEO, AWO elects new chairman and vice chairman, IARW announces new board of director’s […]
This Week in Trucking, the U.S. and China have announced a trade deal centering on natural gas, financial services and beef. Also, a renewed push is on to approve hair testing in driver drug screenings and the rapid rise in last-mile delivery services is leading to plenty of new entries to the market.
Germany’s largest container shipping company, which attributed its 62.1 million euro net loss for the quarter to higher bunker prices and lower freight rates, says its merger with UASC is […]
Rates measured by the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell from Shanghai to Europe, the Mediterranean and the United States.
The San Francisco-based ride-sharing company could lose its fight in the European Union against being regulated as a traditional taxi service, but appears to be driving ahead in new business […]
U.S. exporters of beef and liquefied natural gas will soon have access to China’s burgeoning market, as a result of the U.S.-China Comprehensive Economic Dialogue.
The global logistics provider posted a net profit of 14.6 million Kuwati dinars (U.S. $47.9 million) on revenues of KD 320.5 million for the first quarter of 2017.
The New York-based dry bulk carrier attributed the strong revenue growth to higher spot market rates achieved by the majority of the vessels in its fleet, which were partially offset […]
Container throughput at Port of Virginia terminals has increased 7 percent so far in the fiscal year that will end on June 30, according to recent figures from the Virginia […]
The container and dry bulk markets are seeing improvement thanks to high levels of vessel scrapping and an uptick in demand, but prospects for the tanker segment are less encouraging, […]
While in-store sales have been declining in recent years, retail sales as a whole have not due to growth in e-commerce. That is resulting in a shift in freight movement, with more heading to a growing number of distribution centers and less heading to brick-and-mortar stores.
There has been a narrative in the U.S. that retail is dying a quick death. The reality is that is just not true. So far in 2017, there have been nearly as many store openings announced as store closings. This FreightWaves infographic details some of the trends in retail and how trucking is responding.
A Court of Appeals has granted a 90-day delay requested by EPA and NHTSA in a lawsuit brought by the Truck Trailer Manufacturer’s Association over the government’s Phase 2 Greenhouse Gas regulations. EPA requested the delay in part so that it can review the rule, throwing some uncertainty into implementation of the rule.
The American Petroleum Institute hailed the decision by U.S. Customs and Border Protection to withdraw an Obama-era proposal to withdraw Jones Act exemptions, but the Offshore Marine Service Association says […]
However, the Danish shipping conglomerate’s ocean carrier subsidiary, Maersk Line, recorded a $66 million loss for the quarter.
Two U.S. House representatives have filed a bill to promote programs in two-year community and technical colleges to stimulate jobs in the domestic maritime industry.
Three large ocean carrier associations filed a proposal with the International Maritime Organization to consider as it develops a comprehensive Greenhouse Gas (GHG) Strategy for maritime shipping.
The mail carrier and logistics provider recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017.
In a connected society, the transparency of items moving through the supply chain is a critical component of shipping best practices. From manufacturer, to trucking company, to end customer, the tracking of goods ensures timely delivery and top customer service ratings. OmniTrails is poised to lead to next revolution in this arena with its micro-location tracking solutions.
The Global Port Tracker, which is produced by Hackett Associates for the National Retail Federation, is projecting year-over-year volumes increases at the nation’s major retail container ports in the coming […]
A Miami court found that a forum selection clauses in an ocean bill of lading trumped arguments for a more convenient location for the litigation.
The U.S. House of Representatives approved the $1.1 trillion bipartisan 2017 spending bill Wednesday by a 309-118 vote, and the U.S. Senate approved the bill Thursday by a 79-18 vote.
S.C. Governor Henry McMaster vetoed a bill strongly supported by both side of the state legislature to increase the state’s current 16.75-cent gas tax by 12 cents over the next […]
They say farm to fork, but without trucks, the farm never makes it to the stores, much less the fork. And that’s why ag haulers are so in tune with their shipping partners. When farmers suffer from crop delays for any reason – trucking is affected.
Ocean carriers Crowley Maritime and TOTE Maritime Puerto Rico have both invested heavily in services to the financially troubled commonweath and will be watching closely as it endeavors to restructure […]
Ali Maserrat, founder of an Uber-style courier called Peykyab, is disrupting the traditional parcel carrier model in Iran’s capital city of Tehran, and is now looking to spread his operation […]
International Airlines Group subsidiary IAG Cargo saw revenues slip 2.3 percent year-over-year to 256 million euros (U.S. $278.7 million) in the first quarter of 2017, despite growing cargo volumes 3.6 […]
The Omaha, Neb. transportation and logistics services provider will integrate MacroPoint’s visibility platform into its greater North American logistics solutions offerings.
The Berkshire Hathaway-owned Class I railway increased net revenues 8.8 percent year-over-year during the quarter, reflecting higher volumes and average revenue per car/unit.
Ready or not, truck platooning is inching closer to reality. And it offers a real chance at fuel savings. Research suggests that trucks running in platoons can save between 4% and 10% in fuel depending on their position in the platoon. Read more about how Peloton is moving the industry closer to vehicle platoons: Peloton set to debut truck platoons later this year.
UPS conducted a drone delivery test in February in Lithia, FL, with Workhorse Group, an Ohio-based battery-electric truck and drone developer. Workhorse built the drone and the electric UPS package car used in the test. Read more about how last-mile delivery is changing: R2D2 may make your next delivery.
President Donald Trump said in a recent interview with Bloomberg News he would “certainly consider” raising the federal gas tax, which has not been increased since 1993, but many Republicans […]
The consolidation from four major east-west container carrier alliances to three is designed to improve operational efficiency and profitability for the carriers, but it may also limit service options for […]
The aircraft lessor and air cargo transportation provider reported net earnings of $10 million on revenues of $237.9 million for the first quarter of 2017.
The air cargo services provider reported an income from continuing operations, net of taxes, of $0.04 million for the first quarter of 2017, compared to $0.5 million for the corresponding […]
Roadrunner unveils new management team, Flexport hires senior vice president and global head of airfreight, Logistec appoints executive vice president, and Celadon names president and chief operating officer, and president […]
This Week in Trucking, Elon Musk adds some details to his electric Tesla Semi program; the U.S. trade gap with Mexico is growing larger and Amazon faces a carrier lawsuit for refusing to pay shipping fees.
The Republican health care bill has received both criticism and applause from a divided nation. But what does it do for trucking? Well, like the rest of the nation, that may depend on what side of the industry you are on.
Since last Friday, the Shanghai Containerized Freight Index fell on trades from Shanghai to Europe, the Mediterranean and the United States.
Dubbed the Alert ELD system, the new electronic logging device mandate compliance solution is registered and certified with the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration.
The U.S. Coast Guard is looking into four laser light “strikes” on commercial vessels that occurred between midnight and 3:00 a.m. on Wednesday in the southern Chesapeake Bay, according to […]
The transportation and logistics sector added 3,500 jobs in April 2017 following revised gains of 6,600 jobs in March and 7,600 positions in February, according to recent preliminary data from […]
Union Pacific subsidiary PS Technology has partnered with Norfolk Southern to create the new automated system that’s expected to boost Norfolk Southern’s operating efficiency, lower costs and increase productivity.
The ocean carrier industry has seen unprecedented changes in the past year or so, but will rapid consolidation and a reshuffling of alliances actually allow carriers to raise rates and […]
To show off its Project Portal prototype hydrogen fuel cell Class 8 tractor, Toyota recorded the vehicle in a drag race against a similarly equipped diesel-powered tractor.
UPS has announced an expansion of its large alternative vehicle fleet with the addition of hydrogen fuel cell delivery trucks. The vehicles will be in operation in California later this year.
The Consolidated Appropriations Act, 2017 (H.R. 244), which was passed by the U.S. House of Representatives Wednesday by a 309-118 vote, will boost funding for the Department of Defense and […]
The Greenwich, Conn.-based third party logistics provider recorded a net income of $24.9 million for the first quarter of 2017, up from a net loss of $19.3 million for the […]
Asia Pacific airlines saw volumes surge 13.6 percent in March, while shipments carried by European airlines jumped 18.2 percent, and North American airfreight volumes grew 9.5 percent, according to figures […]
Combined United States carload and intermodal cargo volumes increased 5.2 percent in April 2017, the sixth consecutive month of year-over-year growth, according to data from the Association of American Railroads […]
Net orders for North American Class 8 trucks totaled 23,600 units in April 2017, up 4 percent from the previous month and 77 percent from the previous year, according to […]
Members of the House Subcommittee on Coast Guard and Maritime Transportation say the law, which provides ocean carriers with limited antitrust immunity, is not up to date with the operational […]
To highlight the impact weather can have on trucking, and to highlight their new partnership, TransFX, which is seeking to offer trucking freight futures contracts, and Riskpulse, a supply chain risk analytics firm, have produced an infographic that provides a few surprising facts about weather-related delays.
The Danish global transport and logistics provider said the first quarter of 2017 was positively impacted by gains of around DKK 125 million in the Road division.
The non-asset based supply chain management company recorded a net loss of $57 million for the first quarter of 2017, compared to a net profit of $3 million for the […]
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal […]
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal […]
Unlike autonomous vehicles, a driver remains in ultimate control of a truck while in platoon formation. Because of this, it is likely that two-truck platooning will be available to fleets later this year.
During the quarter, COSCO SHIPPING Holdings Co., Ltd. reported a higher net profit, revenues and volumes compared to the corresponding 2016 period.
The partnership is bringing together BluJay’s transportation management solutions with FourKites’ real-time freight visibility and orchestration platform.
The Commerce Department’s International Trade Administration projected that rising oil and gas prices worldwide will spur an increase in U.S. oil and gas equipment exports during the next four years.
E-commerce growth and continued developments in specialized markets like the pharmaceutical industry will only serve to bolster air cargo growth, according to Alexandre de Juniac, director general at the International […]
The Oak Brook, Ill.-based multi-modal transportation management company posted net income of $10.3 million for the quarter compared with nearly $18 million in the same 2016 period despite revenues growing […]
7LFreight will provide a feed of general air and ground market data to Catapult, and Catapult will provide 7LFreight’s customer base access to its ocean rate managed services offering.
After falling in 19 of the previous 21 months, railway employment levels in the United States ticked up for two consecutive months in February and March 2017, according to recent […]
In segments described as liner or containership operations, NYK, MOL and “K” Line reported a combined loss of 77 billion yen (U.S. $691 million) for the fiscal year ending March […]
Domestic airports, ports and toll roads will see healthy growth in 2017 “despite longer-term questions brought on by shifting economic, trade and fiscal policies,” according to Fitch Ratings’ latest U.S. […]
The Subcommittee on Coast Guard and Maritime Transportation will hear an argument that foreign carriers should not be permitted to collectively negotiate rates with domestic maritime service providers because it […]
The Athens, Greece-based containership leasing company recorded a net income of $23 million on voyage revenues of $105.5 million for the first quarter of 2017, a year-over-year decline of 34.2 […]
German airline group posted a net loss of 68 million euros (U.S. $74.2 million) for the first quarter of 2017 compared with an EUR 8 million loss last year, even […]
Dubai, United Arab Emirates-based express carrier and third-party logistics provider Aramex posted net earnings of 91.8 million Emirati dirham (U.S. $25 million) on AED 1.1 billion in revenues for the […]
The Independent tanker company recorded a net profit of $34.3 million for Q1 2017, falling 69.8 percent year-over-year, and is expecting challenging freight rate conditions to persist for the remainder […]
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission (FMC) has received 24 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 24 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A&D International Logistics Corp., Miami […]
FMC reviews 24 OTI license applications
The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
UPS names president of growth and emerging markets, while “K” Line appoints senior executive officer, CargoLogicAir hires chief financial officer and technical director, and Great Lakes Dredge & Dock names […]
Tesla CEO Elon Musk has been teasing audiences for months on the company’s secretive electric truck project. At a TED Conference in Vancouver, Musk posted this shadowed picture of what the truck may look like.
This Week in Trucking, the EPA has filed a court brief seeking a delay in a challenge to its greenhouse gas regulations, leading to speculation that the agency may review the upcoming Phase 2 rules. Also, the government has acknowledged it is lacking answers for regulating automated vehicles, Amazon jumps into the driverless vehicle arena and the economy is off to a slow start in 2017.
United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in […]
Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2017.
Total cross-border trade between the United States, Mexico and Canada grew 2.9 percent in February 2017, the fourth straight month of year-over-year increases, according to the Department of Transportation’s Bureau […]
The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.
Whether you are a large or small trucking company, or even a driver, there is a lot to like about President Donald Trump’s proposed tax plan, even if many of the specifics are lacking at this point.
The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
The containership owner and charterer reported net earnings of $40 million in the first quarter of 2017, a massive jump from just $7.1 million the previous year, despite revenues falling […]
The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded earnings per share of $0.25 for the quarter, surpassing the street consensus and Stifel estimate of $0.21.
UPS chief marketing and business services officer retires, while Norfolk Southern executive vice president and chief financial officer retires, and Port of Long Beach names new chief harbor engineer and […]
President Donald Trump’s decision to place softwood lumber tariffs on Canada this week might be an indication that the administration is set for a reset on the North American Free Trade Agreement (NAFTA). It is a gamble that potentially puts billions of dollars in NAFTA trade shipments at risk – much of it hauled by trucks.
U.S. Sens. Cory Booker and Robert Menendez of New Jersey and Charles Schumer and Kirsten Gillibrand of New York wrote a letter urging new Transportation Secretary Elaine Chao to visit […]
The Pennsylvania State Transportation Commission has given the green light for nine projects through the state’s Rail Transportation Assistance Program and another 25 through the Rail Freight Assistance Program, according […]
A Baltic Exchange spokesman said the exchange’s plan to expand its involvement in the container industry is “separate from and beyond” the weekly Ningbo Containerized Freight Index it rolled out […]
The Eden Prairie, Minn.-based third-party logistics provider’s total revenues for the quarter surged 11.1 percent year-over-year, fueled by volumes increases across all transportation services and higher fuel prices.
Through the first three months of 2017, however, the largest port on the U.S. East Coast has seen container throughput tick up 2.4 percent, surpassing the previous first-quarter record set […]
However, Ryder’s revenues for the quarter rose 7 percent year-over-year, driven by higher fuel costs passed through to customers.
Ward Transport and Logistics hires new chief operating officer, while the Greenbrier Cos. appoints executive vice president and chief financial officer.
