Much has been written about Tesla’s electric truck project and while opinions vary on the viability of a heavy-duty electric semi, some are wondering if the truck is only a vehicle to reach a different end game for Elon Musk.
American Shipper has launched a short survey to collect feedback on how the industry expects to be affected by the new ocean carrier alliances that launched at the beginning of […]
American Shipper has launched a short survey to collect feedback on how the industry expects to be affected by the new ocean carrier alliances that launched at the beginning of […]
However, the Baltic and International Maritime Council said the performance of the new ocean carrier alliances that set sail at the beginning of the month will be key in 2017.
Montreal, Canada-based Class I railway Canadian National saw its net income jump 12 percent year-over-year to C$884 million (U.S. $650 million) in first quarter 2017 on revenues that rose 8 […]
The Phoenix, Ariz.-based trucking and intermodal carrier, which recently announced a $6 billion merger with competitor Knight Transportation, saw first quarter net income tumble 83.7 percent year-over-year to $5.2 million.
The four drayage drivers working for XPO Cartage, a unit of XPO Logistics, were issued orders, decisions and awards in their favor amounting to $855,285.62.
The U.S. Coast Guard is coordinating with the New York Air National Guard and the Canadian and Portuguese Coast Guards following an explosion and fire on an international bulk carrier […]
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime […]
Tom Waldhauser, head of the U.S. military’s Africa Command, attributed the rise in piracy off the coast of Somalia to famine and drought within the country.
Kansas City Southern’s net income jumped 38.9 percent to $149.6 million for the quarter on revenues that grew 8.3 percent to $610 million compared with the same 2016 period, according […]
The global railcar lessor’s diluted earnings per share stood at $1.44 for Q1 2017, down from Q1 2016, but still surpassing analyst expectations thanks to higher-than-expected gains on railcar sales.
Toyota Motor North America announced its Project Portal hydrogen fuel cell powertrain this week. The engine produces 670 hp. and can pull an 80,000-lb. pound, the company said. Vehicle tests will take place at the Ports of Los Angeles and Long Beach, hauling cargo between the two sites.
This Week in Trucking, the CEO of Old Dominion Freight Line suggests boosting federal fuel taxes to pay for infrastructure improvements and Texas is the first state to require ELDs for intrastate commercial drivers. Also, Toyota unveils a hydrogen fuel cell Class 8 tractor.
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to […]
Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.
Total deal value in the transportation and logistics industry for the quarter dropped 38 percent despite deal volume growing 26 percent percent compared with the same 2016 period, according to […]
The Swiss-based third-party logistics provider’s net turnover for the quarter rose 7.2 percent from the corresponding 2016 period, while the seafreight and airfreight segments experienced a boost in volumes.
Intermodal pricing increased 4.8 percent for the month compared with the same 2016 period, just the six year-over-year increase since December 2014 and the second largest since January 2012, according […]
The international freight forwarder and third-party logistics provider recorded a boost in volumes for the quarter from a year prior as margins remained under pressure.
Truckload pricing slipped another 0.9 percent in March 2017 compared with the same month a year ago, the 13th consecutive month of year-over-year declines, according to the latest Cass Truckload […]
Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the […]
While life on the road can be difficult for many truck drivers, it’s not made any easier by the demands from carriers looking out for the bottom line. That’s why One20 has been busy building a series of products and services designed with the truck driver in mind.
The Jacksonville, Fla.-based Class I railway saw net earnings tick up 1.6 percent to $362 million for the quarter even as revenues jumped 9.6 percent to $2.87 billion compared with […]
Shipment volumes for the month grew 0.5 percent from February and 0.9 percent from March 2016, while expenditures were down 1.2 percent sequentially but up 3 percent year-over-year, according to […]
The Canadian Class I railway’s profit for the quarter tumbled 20.2 percent year-over-year, despite modest increases in revenues and volumes.
The east-central Canadian province recorded a 262 percent year-over-year increase in reported cargo thefts during the first quarter of 2017, mostly occurring in the Greater Toronto area.
Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.
For anyone in the trucking industry, there is one constant: change. Rates change. Customers change. Freight flows change. But why is there so much change? This graphic answers some of those questions.
Is the trucking industry over-regulated? Good luck finding anyone in the industry that would say no. But ask which regulations should be repealed and chances are each one will be mentioned at least once. But will repealing regulations actually make the industry safer?
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.5 percent this year, up from its […]
The American Maritime Partnership said it supports CBP’s notice published in January that it is revoking previous “letter rulings” that it said are inconsistent with the proper enforcement of coastwise […]
The seasonally adjusted For-Hire Truck Tonnage Index fell 1 percent compared with the previous month to a reading of 137.5, following a revised 0.1 percent decline in February, according to […]
U.S. Senate Minority Leader Charles Schumer, D-N.Y., called on the departments of Transportation and Energy to finish and quickly implement rules mandating that crude oil be made less volatile before […]
Trucking fleets have been hit with a series of equipment price increases in recent years due to new government regulations, including thousands of dollars for tractors due to greenhouse gas regulations. The new electronic stability control regulation, though, may be one where the benefit far outweighs its minimal cost.
Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos […]
Mountain View, Calif.-based connected and automated vehicle technology provider Peloton Technology recently closed a $60 million Series B funding round led by fleet management solutions provider Omnitracs and existing investors, […]
However, an XPO spokesperson told American Shipper only 178 of the company’s 44,000 North American employees have voted in favor of the Teamsters since 2015, and none of its locations […]
The introduction of physical customs checks following the United Kingdom’s withdrawal from the European Union would be a “catastrophe” for ports and trade volumes in the UK, according to Guy […]
RoadOne IntermodaLogistics adds two new regional business development directors and a regional vice president of operations in the Midwest, while USA Truck appoints vice president, corporate controller.
The intermodal segment, which brought in the majority of J.B. Hunt’s operating revenues for the quarter, saw revenues rise 5 percent year-over-year, reflecting 2 percent volumes growth and a 3 […]
Since last summer, Elon Musk has been teasing Tesla fans with word the company is building an electric “semi truck.” What form, shape and size that truck will take is still under wraps, but at least now we have a more definitive timeframe.
This Week in Trucking, President Donald Trump’s infrastructure plan is hitting some bumps in the road; economic indicators continue to favor improving conditions for the nation’s trucking fleets and the Owner-Operator Independent Drivers Association is making a last-ditch effort to stop the upcoming ELD mandate.
The wife of a seafarer who perished when the cargo ship El Faro sank in October 2015 near the Bahamas is asking Congress to establish new regulations aimed at preventing […]
Exports from China increased 16.4 percent from the previous year in March, while imports grew 20.3 percent, reversing a rare trade deficit in February, according to recent data from the […]
The oil and gas industry said CBP’s proposed revisions on when Jones Act vessels must be used in offshore oil and natural gas activity will lead to less oil and […]
The Southern California port saw a surge of cargo following Asian Lunar New Year celebrations and because U.S. retailers shipped merchandise ahead of the new vessel alliance deployments that began […]
U.S. Customs and Border Protection said the number of counterfeit merchandise seizures in Puerto Rico for the first two quarters of federal fiscal year 2017 increased by over 300 percent […]
There is a lot of fear among drivers that they are being displaced by autonomous vehicles, and plenty of companies building these vehicles are looking to do just that. But one company is approaching the autonomous space with an eye on keeping drivers employed and improving their lives.
The Road Repair and Accountability Act of 2017 will raise roughly $5.2 billion per year in investment funding for transportation infrastructure over the next 10 years through a series of […]
Vitti Logistics has chosen to use MacroPoint’s freight-tracking software to connect with carriers and track loads across North America.
Rhode Island House Minority Leader Patricia Morgan plans to submit legislation to repeal the so-called “Rhode Works” law, a truck-only tolling program that has been met with strong opposition from […]
However, export volumes during the month fell 5.3 percent from March 2016 as shipments to overseas markets experienced headwinds from the strong U.S. dollar.
The port experienced year-over-year increases in container, breakbulk and dry bulk tonnage for the first quarter of 2017, despite a drop in liquid bulk tonnage.
Saddle Creek Logistics Services adds senior director of business development, while Port of Price Rupert vice-president of commercial and regulatory affairs and general counsel steps down.
A futures market will react to the underlying fundamentals of its physical market because in the end, the futures price is linked to the physical market. But, the opposite is also true. A physical market can look to a futures market for transparency and guidance on rate structure. A developing trucking freight futures market might be the answer to solving these industry issues.
Federal Railroad Administration inspectors have discovered nearly 24,000 defects, including worn rails, broken or loose bolts, and cracked steel bars on rail lines used to transport crude oil, according to […]
Malta-based paperless solutions provider essDOCS has now acquired TridentGLOBAL after recently announcing its acquisition of eCertify just last month.
American Trucking Associations hires director of strategic communications, while Worldwide Flight Services appoints global head of people.
The upcoming electronic logging device (ELD) rule is a great example of the type of mandated technological change coming to the trucking industry, and yet it serves as a great reminder of the importance to perform due diligence before adopting such technologies.
Currently general manager for ride-sharing firm Lyft in Southern California, Kan has also served on the board of directors for Amtrak since 2015, the White House said in a statement […]
Shippers, forwarders and non-vessel-operating common carriers are concerned about carriers’ financial stability, quality of customer service and reliability, according to a joint survey by Drewry and the European Shippers’ Council.
The U.S. Maritime Administration (MarAd) estimated the nation has a shortage of around 2,000 mariners, and one logical way to overcome the shortage would be to add 40-45 vessels to […]
Major container ports in the United States handled 1.43 million TEUs in February 2017, down 7 percent from the previous year, according to the Global Port Tracker report by the […]
The South Carolina Ports Authority handled 192,311 TEUs in March, surpassing the January 2017 record by more than 7,000 TEUs.
AirBridgeCargo Airlines (ABC) appoints vice president of its Americas division, while Crane Worldwide names six new VPs, and Virgin Atlantic Cargo adds account manager in Sydney.
The European Commission has cleared the proposed acquisition of German ocean carrier Hamburg Süd by industry leader Maersk Line, provided the company withdraws from five trade-route specific vessel sharing agreements.
In a stock swap valued at $6 billion, truckload operators Knight Transportation and Swift Transportation have agreed to a merger. The new company, Knight-Swift Transportation Holdings, will have approximately 23,000 tractors, 77,000 trailers, 28,000 employees and control approximately 5% of the nation’s truckload market.
The Danish shipping giant has confirmed it is selling its Brazilian cabotage subsidiary Mercosul Line in a preemptive move aimed at satisfying any potential competition concerns from Brazil’s Conselho Administrativo […]
Michael Khouri, acting chairman of the Federal Maritime Commission, said such pacts can help terminals improve service and operations to benefit the American shipper and consumer.
The mid-Atlantic port handled 232,148 TEUs for the month, with loaded container imports growing 9.5 percent and loaded exports up 3.3 percent from the previous March, according to the most […]
However, U.S. lamb export volumes tumbled 41.3 percent in February from a year prior.
Lineage Logistics names senior vice president of Sales & Value-Added Services, Transervice Logistics appoints director of sales for the company’s western regional division, and The Tioga Group hires senior associate.
Schneider National Inc. is the first transportation provider to issues shares in an initial public offering since 2010, according to data compiled by Dealogic. But, will it be the last? The time may be ripe for more companies to dip their toes in the water.
This week in the Week in Trucking, we look at improving truck orders and optimism among carriers, why consumer GPS devices don’t work in trucking, GE’s approaching to training workers and how one carrier is finding success by offering its drivers video.
U.S. shippers should not underestimate the power the nation’s longshore unions hold over the flow of containerized cargo, said Chris Gillis, editor at American Shipper.
The London-based shipping research and consulting firm is predicting imports from Asia to East Coast of North America ports will outpace those shipped to West Coast of North America ports […]
Transportation and logistics employment showed continued growth in March 2017 following a revised gain of 8,100 positions in February, according to recent preliminary data from the U.S. Department of Labor.
Bipartisan legislation was reintroduced last week to address deficiencies in the Transportation Security Administration’s (TSA) efforts to protect rail, transit, highway, and maritime passenger and freight transportation.
Since last week, the Shanghai Containerized Freight Index fell on trades from Shanghai to Europe, the Mediterranean and the United States.
The Kempten, Germany-based global logistics provider’s revenues for fiscal year 2016 totaled 5.71 billion euros, a 1.7 percent year-over-year increase.
House Reps. Mike Kelly, R-Pa., and Peter DeFazio, D-Ore., have introduced bipartisan legislation that would increase investments in harbor and port projects by 29 percent from current funding levels without […]
Rate volatility is something that every broker, carrier and shipper must deal with. But, sometimes knowing how shipping rates will react to an event can be a guessing game. The I-85 bridge collapse in Atlanta is a case in point.
The transportation industry is ripe with startups hoping to be the one that disrupts a $726 billion industry, but without help, most don’t last. Dynamo is a Chattanooga-based venture capital firm that specializes in the logistics space and is helping a few of these startups gain a solid foothold in transportation.
A Hapag-Lloyd spokesperson told American Shipper space is tight on the Europe to Asia trade right now from an uptick in volumes, which is abnormal for this time of year.
Furie Operating Alaska has agreed to pay $10 million for transporting an oil rig from the Gulf of Mexico to Alaska on a foreign-flag ship.
A coalition of rural agricultural and aviation industry associations are warning Congress that the removal of air traffic control duties from the FAA could bias funding and regulatory decisions in […]
Total cross-border trade between the United States, Mexico and Canada jumped 6.7 percent in January 2017, the third straight month of year-over-year increases, according to the Department of Transportation’s Bureau […]
Meanwhile, the Lake Oswego, Ore.-based transportation equipment manufacturer recorded a 38 percent year-over-year boost in revenues for the quarter ending Feb. 28, 2017, fueled by higher wheel volumes and externally […]
Combined United States carload and intermodal cargo volumes increased for the fifth consecutive month in March 2017 following several months of year-over-year declines, according to data from the Association of […]
Net orders for North American Class 8 trucks totaled 22,800 units in March 2017, relatively unchanged from the previous month and 41 percent from the previous year, according to freight […]
FedEx Freight President and CEO Mike Ducker and Werner Enterprises President and CEO Derek Leathers told a Senate subcommittee the U.S. must invest more in its roads and bridges for […]
In a world which carriers want to be paid quickly for their services, brokers have long turned to factoring as an option. Technology, though, is changing the payments business, and that means quicker payments for carriers and more cash flow flexibility for brokers.
Following public comment and stakeholder input on a June 2016 advanced notice of proposed rulemaking, the Surface Transportation Board has proposed rules to “help improve and expedite” cases involving litigation […]
The Commerce Department said U.S. exports of goods and services in February reached a value of $192.9 billion, slightly more than January at $192.5 billion, and up from $180.7 billion […]
French state railway subsidiary SNCF Logistics and Marseilles-based shipping container technology firm Traxens have been conducting collaborative research for the past year on a real-time rail tracking system expected to […]
IAG Cargo names new chief executive, while Trans Global Projects Group hires chief executive officer of Natco Switzerland subsidiary.
House members question whether the Shipping Act should be revised, and also said there is a need to protect domestic tugboat and terminal companies.
Piracy concerns don’t get the headlines they once did, but it remains a problem for seafarers.
Unlike some technologies, blockchain technology is not likely to displace many workers in the trucking industry. It does promise, however, to streamline financial operations and compliance reporting to make those operations more seamless, potentially saving fleets tens of thousands of dollars.
