Blockchain is a relatively new term used to describe a series of distributed databases that act as a tamper-proof, verifiable ledger. As with any new technology, blockchain has its own terminology. Here is a listing of some of the most important terms and their meanings.
Future safety gains in the freight transportation industry “are being held back by government red tape that stifles innovation and improvement,” according to a new report from the Competitive Enterprise […]
The largest port on the U.S. East Coast saw containerized cargo volumes tick up 1.2 percent to 507,066 TEUs in February 2017, a record for the month, according to the […]
NYK Group Europe appoints chief executive officer and chief operating officer, while Capes Shipping Agencies hires general manager.
While most people assume that drones will someday be making home deliveries, there are other possibilities including droids and even mobile parcel lockers. Whatever method or combination of methods are chosen, though, last-mile delivery may never be the same.
Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.
The Prevent Labor Union Slowdowns (PLUS Act), S.702, is sponsored by Senators Jim Risch, R-Idaho; Mike Crapo, R-Idaho; and David Perdue, R-Ga.
The North Carolina Department of Transportation is holding public hearings this week to discuss two proposed projects that would eliminate seven road-level crossings on a CSX rail line in Wake […]
The Hellenic Republic Asset Development Fund said last week the launch of the tender evaluation process would begin immediately.
Greencarrier Freight Services appoints chief executive officer, and Alaska Airlines names vice president of airport operations and customer service.
The ranking member of the House Transportation and Infrastructure Committee introduced the Investing in America: A Penny for Progress Act, which aims to raise roughly $500 billion in transportation infrastructure […]
U.S. District Court Judge Katherine Forrest found the parcel giant and third-party logistics provider violated state law by transporting hundreds of thousands of cartons of untaxed cigarettes into New York […]
The Port of Houston’s port commission approved contracts for the design of the Wharf 3 rehabilitation at the Barbours Cut Container Terminal and for the design of Container Yard 7 […]
Federal Maritime Commission Acting Chairman Michael A. Khouri said the updated carrier agreement library will help people save time and money.
YRC Worldwide appoints chief information officer, while CenterPoint Properties names eastern region senior vice president and Actisense hires operations supervisor.
In this week’s edition of The Week in Trucking, the trucking industry gets an audience with President Donald Trump, drivers may not be needed in California, are robots are set to take over warehousing and FMCSA pulls a controversial safety-focused rule.
The Hong Kong-based third-party logistics provider increased earnings in 2016, and looking ahead, expects to complete the acquisition of a controlling stake in a Dubai-based freight forwarding group in May.
However, rates from Shanghai to Europe and the Mediterranean both fell 0.5 percent since last Friday.
However, the global port operator increased container throughput by 5.5 percent from 2015.
Rep. John Delaney, R-Md., this week filed two bipartisan bills that would fund the rebuilding of ailing U.S. transportation infrastructure with revenues from a one-time bond sale to U.S. corporations […]
As many drivers and small fleets worry about the impact on productivity and cost with the upcoming mandate to install electronic logging devices, one overlooked aspect is what impact ELDs will have on their insurance rates.
After falling in 19 of the previous 21 months, railway employment levels in the United States in February 2017 ticked up 0.28 percent from the previous month, according to recent […]
The airfreight carrier’s cargo volumes from Europe to Asia Pacific jumped 23 percent in the first two months of 2017 thanks to “widely reported” capacity constraints in ocean shipping, according […]
The Washington State Supreme Court decision affirmed an appellate ruling that found the port’s lease with Vancouver Energy for a proposed crude oil transfer terminal complies with the State Environmental […]
The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.
Since the dawn of the shipping industry, brokers, carriers and shippers have struggled with rate price swings, sometimes due to conditions outside their control, such as weather or politics. TransFX, a Chattanooga-based company located in Freight Alley, is trying to help change that by offering “freight futures contracts.”
The Memphis, Tenn.-based integrator posted a net income of $562 million on revenues of $15 billion for the third quarter of its fiscal year 2017, which ended Feb. 28, year-over-year […]
Shipment volumes for the month grew 7 percent from January and 1.9 percent from February 2016, according to the latest Cass Freight Index Report.
The partnership has designated Lineage Logistics as the exclusive third-party logistics provider to manage customers’ food and beverage supply chains using BluJay’s transportation management solution.
The seasonally adjusted For-Hire Truck Tonnage Index slipped 0.1 percent compared with the previous month to a reading of 138.7, following a revised 2.9 percent increase in January, according to […]
The New York City-based startup said the booking system allows carriers to reduce deadhead miles, wait times, and time spent searching and negotiating for a load.
Port of Portland, Ore. hires marine marketing director, while IFCO North America appoints director of food safety and quality.
The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.
As the next generation of the Fuller and Quinn families take on leadership roles of U.S. Xpress, data is becoming more important than ever. Eric Fuller, who succeeds his father Max as CEO, says that technology is poised to change the industry in ways never before imagined.
The AAPA and CAGTC have issued separate statements decrying President Donald Trump’s proposed 2018 discretionary budget, which would eliminate funding for the Transportation Investment Generating Economic Recovery (TIGER) grants program.
Truckload pricing slipped another 0.8 percent for the month compared to February 2016, the 12th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
In the latest reminder of the safety concerns surrounding these batteries, a woman was injured on a recent flight from Beijing to Melbourne when her battery-powered headphones exploded while in […]
The Dubai, United Arab Emirates-based port terminal operator posted a profit of $1.13 billion on $4.16 billion in revenues for the year, increases of 27.6 percent and 4.9 percent, respectively, […]
Intermodal pricing in February 2017 increased 4.9 percent compared with the same 2016 period, just the fifth year-over-year increase since December 2014 and the largest since January 2012, according to […]
Kansas City Southern (KCS) said in a statement it “respectfully disagrees” with a preliminary report from Mexico’s Federal Economic Competition Commission (COFECE) that found a lack of competition between KCS […]
The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed fines totaling more than 776 million euros (U.S. $834.44 million) after the EU competition watchdog’s […]
Spain’s Popular Party pushed for the law-decree by arguing it was needed to comply with European standards and anti-trust rules, but critics said it would lead to worse labor conditions […]
The Georgia Ports Authority handled 330,539 TEUs in February, with total cargo tonnage reaching 2.94 million tons, year-over-year increases of 7.7 percent and 10 percent, respectively.
This summer the company says it will delivery in three days or less on 20 million eligible items, and that millions will offer free shipping.
Paperless solutions provider essDOCS said eCertify will continue to operate as a separate company, but will be supported by essDOCS’ global footprint.
The National Transportation Safety Board names acting chairman, while American Airlines Cargo appoints managing director of Florida, Caribbean and Latin America and 10-4 Systems names board chairman.
Each week, the industry sees the introduction of new technologies and regulations along with information that affects how each carrier, shipper, and 3PL operates. Each Friday, FreightWaves will provide a look back at some of the industry’s top stories you may have missed.
In addition to a 13 percent cut in funding for the U.S. Department of Transportation, a 2018 budget proposal released yesterday by President Trump’s administration would completely eliminate the TIGER […]
Rates from Shanghai to Europe declined 4.7 percent since last week, from $859 per TEU to $819 per TEU, while rates from Shanghai to the Mediterranean fell 4.3 percent, from […]
Four people were reportedly hurt in gun battle that ensued when a boat tried to provide a small bunkering tanker with supplies.
Major seaports in the United Kingdom handled 117.2 million metric tons of freight in the fourth quarter of 2016 and 473.5 million metric tons for the full year, according to […]
Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting […]
With truck driver turnover approaching and even surpassing 100% at times, costing carriers thousands of dollars to replace them, many fleets are doing what they can to keep their current drivers. This includes increasing pay and benefits, but one company thinks it has a better way and it starts with communication.
Class I freight railroads had installed positive train control on 16 percent of required track as of Dec. 31, 2016, up from 12 percent in the third quarter 2016, according […]
Global investment management firm Arcapita said the transaction, together with the eight warehousing facilities it acquired last year in the Al Quoz Industrial Area of Dubai, is bringing the value […]
There were no injuries to the crew or the public, no releases and no impacted motorist grade crossings from the train derailment that occurred early Wednesday morning in Lake Forest, […]
The Antwerp-based independent tanker company recorded a $204 million profit on revenues of $684.3 million for 2016, year-over-year declines of 41.8 percent and 19.2 percent, respectively.
American Trucking Associations promotes four staffers and hires new vice president of creative services and new director of marketing, while Xeneta appoints director of value engineering, and SmartTruck names vice […]
Amazingly, there’s one area of the country where more than 80% of the nation’s freight travels through on its way to its final destination. It’s not Chicago, New York or Dallas. It’s not even in the center of the U.S. Meet Freight Alley.
The port attributed the 12.4 percent year-over-year decline in February box volumes to the timing of Lunar New Year, but volumes were still higher than the most recent 5-year average […]
Ascent Global Logistics appoints vice president of strategic accounts for Marisol International, while GSC Logistics hires senior manager of sales and business development and OSM Maritime Group name two new […]
Weather disruptions such as Winter Storm Stella that is dumping up to 2 feet of snow on the Northeast today can have a ripple effect throughout the supply chain, driving up rates as freight pickups and deliveries are delayed and cancelled.
Major container ports in the United States handled an “unusually high” 1.67 million TEUs in January 2017, up 12.5 percent from the previous year, according to the Global Port Tracker […]
The bunkering tanker Aris 13 was hijacked by pirates off the coast of Somalia Monday.
The U.S. maritime regulator said the group will work to identify burdensome, unnecessary and outdated directives, and recommend how they should be remedied.
MatchBack Systems forms board of directors, while Swissport International names CEO of Swissport UK & Ireland, and V.Group appoints non-executive directors to board.
The chemical industry is projected to see increased costs due to excess inventories, larger capital expenditures, and higher operating costs, according to a study performed for the American Chemistry Council […]
The Port of Oakland handled less container volumes in February compared to a year earlier due to inclement weather and the Lunar New Year, which began Jan. 28 this year.
During the month, Mexico was the top market for U.S. pork and lamb exports in terms of volume and value, while Japan was the leading market for U.S. beef exports.
Orient Overseas (International) Ltd. Chairman C.C. Tung said 2016 saw some of the most difficult markets and an overhang of capacity.
Although proponents of the proposed border adjustment tax argue American corporations have nothing to fear, many importers find that to be far-fetched.
The global logistics provider recorded a net profit of KD 59.1 million on revenues of 1.23 billion for 2016.
The Danish container shipping line said the order will help it meet sustainability goals and stay ahead of new legislation by the European Union.
A University of Michigan study found that only 9.7% of those surveyed said they have no concerns about fully autonomous vehicles. But what about driving alongside an 80,000-lb. autonomous big rig? These are already being tested on roads and could be operational within five years. Is the industry ready for the disruption autonomous trucks will cause?
While much attention has been paid to autonomous trucks recently thanks to startup companies such as Otto, Embark and Startsky Robotics, many forget that the first company to test an autonomous vehicle in highways was truck manufacturer Daimler Trucks North America. Here is a look at the Freightliner Inspiration.
The port attributed the 11.2 percent year-over-year decline in February’s container volumes to reduced economic activity in Asia associated with the Lunar New Year.
Federal Maritime Commission Acting Chairman Michael Khouri said the change will eliminate requirements that were obstacles to efficiency and added unnecessary costs.
The Bonn, Germany-based parcel carrier and logistics provider saw consolidated net profits soar 71.4 percent to 2.64 billion euros for the year, even as revenues slipped 3.2 percent to 57.33 […]
The Berkshire Hathaway-owned Class I railroad has agreed to clean up coal and petroleum coke spilled from open-top rail cars, as well as pay $1 million to fund environmental projects […]
The global port terminal management and logistics subsidiary of Yildirim Group handled 3.93 million TEUs at its container terminals for the full year in 2016, according to a statement from […]
American Airlines names new president of cargo and vice president of global sales, while Wen-Parker Logistics hires U.K. sales manager.
In a world of volatile diesel fuel prices that rise and fall on a daily basis, the biggest operational variable for any trucking fleet is not within their control. Nikola Motor is promising to change that with its hydrogen-powered electric tractor. U.S. Xpress, is one fleet that believes the future may be hydrogen.
The New York-based consulting firm suggested shippers carefully reexamine their procurement strategies to ensure supplier diversity, make sure they use multiple alliances, and study carriers’ financials.
International Shipholding’s reorganization plan, in which it will be owned by SEACOR Ocean Transport Inc., is expected to become effective in the second quarter of this year.
Shippers and logistics service providers continue to improve the nature of their strategic relationships, recognize the value of technology and innovation, and forecast growth outside their traditional businesses, according to […]
Maersk and IBM said they intend to work with a network of shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution, which […]
However, volumes carried by Latin American airlines fell 4.1 percent year-over-year in January, as the region continues to be blighted by weak economic and political conditions.
The Japanese ocean carrier could face a fine of as much as 10 percent of its annual revenues for its alleged involvement in a price-fixing scheme for auto shipping in […]
The shipping research and consulting firm said container carriers have a “golden opportunity to smooth out the capacity peaks in the coming years” by deferring the delivery of the ships […]
The bipartisan bill would require up to 30 percent of exports of liquefied natural gas and crude oil to travel on U.S.-flag vessels.
UPS hires director of global affairs, while the Association of American Railroads names new press secretary.
For anyone involved in the movement of goods, weather plays a great unknown. It can cause delays and even cancelled orders, which means lost revenue. But one company is trying to help identify potential weather issues so vehicles can be safely rerouted.
The London-based shipping research and consulting firm has examined the correlation between carrier terminal ownership and the choice of port calls by the 2M Alliance, and the upcoming alliances in […]
Berkshire Hathaway-owned BNSF Railway Co. reported a net income of $4.3 billion on $19.3 billion in revenues for the full year in 2016, decreases of 13.3 percent and 9.9 percent, […]
Spot rates declined from Shanghai to Europe, the Mediterranean and the United States since last Friday.
Total cross-border trade between the United States, Mexico and Canada ticked up 0.4 percent in December 2016, the third year-over-year increase in the past five months, according to the Department […]
Net orders for North American Class 8 trucks totaled 22,900 units in February 2017, up 5 percent from the previous month and 28 percent from the previous year, according to […]
The Israeli ocean carrier’s revenues for the fourth quarter of 2016 totaled $653.5 million, down from $687 million for the fourth quarter of 2015.
The International Maritime Organization’s 0.5 percent sulphur cap regulation, set to go into force in 2020, could cause shipping industry fuel costs to jump by as much as $60 billion […]
Combined United States carload and intermodal cargo volumes increased for the fourth consecutive month in February 2017 following several months of year-over-year declines, according to data from the Association of […]
