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 […]
United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “second” estimate from the Department of Commerce, down from a 3.5 percent growth […]
The containership owner and charterer recorded a loss of $139 million on revenues of $877.9 million for the full year of 2016.
Kuehne + Nagel CEO Dr. Detlef Trefzger said the global third-party logistics provider increased market share in all business units in 2016.
IAG Cargo appoints chief financial officer, while INTTRA hires president of Asia Pacific, and American Trucking Associations elects general chairman and treasurer of its Technology & Maintenance Council.
The World Shipping Council has warned of unintended consequences that would be detrimental to shippers if a rule was adopted that would limit situations in which detention and demurrage may […]
The required implementation of electronic logging devices later this year has created plenty of worry within industry circles. Beyond the logistics of installing the devices, though, carriers and shippers need to be worried about the business impact: specifically lost productivity and rising rates.
The primary federal funding mechanism for transportation infrastructure projects will run out of money once the FAST Act expires in 2020, according to Bud Wright, executive director of the American […]
A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International […]
International Longshoremen’s Association President Harold Daggett said he will seek help from Congress in union disputes with the South Carolina Ports Authority and the Waterfront Commission of New York Harbor.
The digital global freight rate marketplace provider announced the beta launch of the Freightos International Freight Index (FIFI).
The U.S. Justice Department said Friday that 11 individuals and one foreign company have been charged by the Treasury Department for their role in illegally exporting goods to Syrian Arab […]
The Georgia Ports Authority handled 3 million tons of cargo in January, with bulk cargo at the Port of Brunswick more than doubling January 2016 figures.
IAG Cargo posted revenues of 1.02 billion euros for 2016, a 6.6 percent drop from 2015.
The U.S. Federal Maritime Commission has received four ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received four ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Sol Intercargo, Miami […]
The U.S. maritime regulator has received four ocean transportation intermediary license applications and changes for review.
FMC reviews 4 OTI license applications
The U.S. Federal Maritime Commission has received four ocean transportation intermediary license applications and changes for review.
The Agriculture Transportation Coalition, National Industrial Transportation League and National Retail Federation expressed concerns over a threatened work stoppage at East and Gulf Coast ports by members of the International […]
Waymo, the automated vehicle subsidiary of Google parent Alphabet, has filed a lawsuit against Uber, alleging intellectual property theft and patent infringement by the co-founder of its recently purchased self-driving […]
The Justice Department said a federal jury in Charleston, S.C. on Wednesday convicted two chief engineers of the vessel Green Sky of falsifying documents to conceal illegal discharges of oily […]
However, the Seattle-based global logistics company’s net earnings attributable to shareholders slipped 3 percent year-over-year during the quarter to $110.6 million.
Although rates from Shanghai to Europe and the Mediterranean increased since last Friday, rates from Shanghai to the United States declined.
Railway employment levels in the United States have now fallen in 19 of the last 21 months, according to recent data from the U.S. Surface Transportation Board.
The Port of Oakland will increase the height of four to six cranes at SSA’s Oakland International Container Terminal.
The Chattanooga, Tenn.-based third-party logistics provider said the app increases supply chain visibility by photo-documenting shipments to improve compliance and reduce costs.
Prologis U.K. Logistics Venture will be 85 percent owned by CBRE clients and 15 percent owned by Prologis.
Redwood Logistics names senior vice president of strategic sales, while Reading & Northern Railroad hires SVP of coal, Port of New Orleans adds a board member and CenterPoint Properties appoints […]
After explosive growth in the last several years, could declining volumes be a sign of things to come?
Those on both sides of the freight business have struggled for years with volatile shipping rates. Contracts get locked in for months or more with no assurance that the contract will reflect current prices when loads are delivered. TransVix believes part of the solution to this problem is the creation of a Trucking Futures Exchange.
Prior to going bankrupt, Hanjin Shipping had chartered five, 3,400-TEU vessels and eight, 10,100-TEU vessels from Danaos.
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent […]
Matson President and CEO Matt Cox said the Honolulu-based shipping company had “exceptional” results for the full year of 2015, while fourth quarter 2016 results were hindered by the increase […]
XPO Logistics Chairman and CEO Bradley Jacobs said strong e-commerce growth more than offset the weak intermodal environment during the quarter.
Shipment volumes for the month fell 6.4 percent from December due to “normal seasonality,” but were up 3.2 percent compared with the same 2016 period, the second year-over-year increase in […]
The seasonally adjusted For-Hire Truck Tonnage Index grew 2.9 percent compared with the previous month to a reading of 138.8, following a revised 4.3 percent decline in December, according to […]
Could rising plastic exports create competition for empty containers?
The container lines were fined a total of 2.39 million Chinese yuan renminbi (U.S. $347,212) for failing to record or recording inaccurate data on their freight rates.
The International Longshoremen’s Association is calling for a shutdown of ports along the Atlantic and Gulf Coasts, and a march in Washington.
From drones to the Internet of Things (IoT), technology is pushing the boundaries of what is possible in the world of business. It is no different for transportation entities, especially shippers and carriers who are embracing technology while remaining mindful of ever-slimming margins.
Steve Sashihara, CEO of Princeton Consultants, recently spoke about disruptive technologies and Big Data in the transportation space. Here are 9 areas of impact he identified. Each slide represents the belief that industry stakeholders surveyed have in digital disruption. (Click the arrow to scroll through).
The Berkshire Hathaway-owned Class I freight railroad will pay $50,000 in civil penalties related to a March 2015 crude oil train derailment in Galena, Ill., according to a statement from […]
Additional shippers and logistics companies have expressed support on a call for the Federal Maritime Commission to provide guidelines on detention and demurrage charges.
On a bright note, Philip K. Brewer, the president and chief executive officer of Textainer, said the container lessor is pleased with the progress it has made in recovering equipment […]
However, the Northwest Seaport Alliance said it may see lower cargo volumes for February, and volumes with Alaska are expected to decline for the full year of 2017 due to […]
Intermodal pricing increased 3.8 percent for the month compared with the same 2016 period, just the fourth year-over-year increase since December 2014 and the largest since October 2014, according to […]
Truckload pricing slipped another 0.3 percent for the month compared to January 2016, the 11th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The Greek port’s box volumes declined in 2016 from a year prior amid increased volumes at the car terminal, while revenues ticked up 3.6 percent.
DHL Express appoints Markus Reckling as the new chief executive for Germany, while Mitsui O.S.K. Line (MOL) names chief country representative in Turkey.
While A.P. Moller-Maersk plans to narrow its focus to transportation and logistics, the foundation that owns a controlling stake in the company will move in its own direction, Ane Maersk […]
The Israeli ocean carrier signed up with Alibaba to allow customers of the e-commerce site to book space on its vessels, Reuters reported.
Rates from Shanghai to North Europe fell 6 percent since last Friday to $858 per TEU, according to the Shanghai Containerized Freight Index.
Canadian Pacific Railway names chief marketing officer, while Troy Container Line promotes FCL export manager.
Deutsche Post DHL Group and information and communications technology solutions provider Huawei Technologies are teaming up to develop a range of supply chain solutions using industrial-grade Internet of Things hardware […]
Major container ports in the United States handled 18.8 million TEUs for the full year in 2016, up 3.2 percent from 2015, according to the Global Port Tracker report by […]
The mid-Atlantic port handled a record amount of general cargo and containers in 2016.
As many as 40,000 people died in automobile crashes in the United States last year, an increase of 6 percent from 2015 and the most since 2007, according to a […]
In pier container volumes, or boxes handled, the port authority moved 104,792 boxes in January, surpassing the prior record of 104,003 containers in May 2015.
Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes region, recorded a net loss of $615,000 for its fiscal 2017 third quarter, which ended Dec. 31, […]
Alaska Airlines names new chief information officer, vice president finance and controller, and promotes two to managing director; while Siemens Postal, Parcel & Airport Logistics appoints chief digitalization officer.
The shipping marketplace and freight automation software provider raised $25 million through a “Series D” round of funding led by the logistics and supply chain company DB Schenker, which is […]
European Parliament members voted Wednesday to include maritime shipping in the European Emission Trade Scheme Directive by 2023, if there’s no comparable system operating in the International Maritime Organization by […]
The Canadian sailors’ union accepted a last-minute settlement offer put forward by the Government of Canada.
The Southern California port experienced a 17.4 percent year-over-year jump in box volumes in January 2017 thanks to retail stores replenishing inventories after the holidays, increased U.S. exports and cargo […]
RightShip chief executive officer resigns, while CLX Logistics hires supply chain consultant.
Hyundai Merchant Marine carried 55 percent more cargo in January than it did a year earlier between Asia and U.S. West Coast ports.
Report finds gap between companies selling online and using automated trade tools
The $320 million project at the Virginia International Gateway container terminal has officially launched, and a $350 million expansion project at Norfolk International Terminals will begin in July.
The e-commerce boom has spurred growth and innovation in the reverse logistics industry.
Tom Cook, managing director of Blue Tiger International, discussed the negative effects of risk exposure in the global supply chain and how to manage those risks.
The U.S. Federal Maritime Commission has received 33 ocean transportation intermediary license applications and changes for review.
CFI appoints vice president, logistics and vice president, sales, while the Armitt Group names new finance director.
Although a broken axle was the primary cause of a 2013 collision of two trains near Casselton, N.D., the subsequent oil spill and fire might have been reduced considerably had […]
Although throughput declined due to the port’s sluggish dry bulk segment, profits rose 5 percent from 2015 to 222.2 million euros, according to the Port of Rotterdam’s latest financial statements.
The United States exported 726,848 net tons of steel in December, a 0.3 percent decrease from the previous month and a 0.2 percent increase from a year earlier, according to […]
The Danish global transport and logistics provider reported adjusted earnings of 2.5 billion Danish krone (U.S. $358.3 million) on DKK 67.7 billion in revenues in 2016, year-over-year increases of 13.3 […]
The index fell 6.5 percent from last Friday to a reading of 886.26, largely resulting from sharp declines on the Shanghai to Europe and Mediterranean trades.
The Southern California port’s container volumes surged 8.7 percent year-over-year in January to 582,689 TEUs.
The mid-Atlantic port saw general cargo tonnage surge 21.6 percent year-over-year in January to 1.86 million tons.
Korea Investor Service, an affiliate of Moody’s, upgraded Hyundai Merchant Marine’s corporate credit rating after the carrier saw revenues decline and a larger operating loss in 2016, while the bottom […]
