Drilling Deep: The sharp competition in the visibility sector
Needing to know where your freight is spawns incredibly competitive market
Needing to know where your freight is spawns incredibly competitive market
The lead trucking industry lobby has come together with insurance-focused groups to fight two vexing problems of fraud.
An off-duty trucker charged with smuggling 13 bricks of cocaine from the U.S. to Canada via car was acquitted after maintaining that the drugs were planted while he was aiding a fellow driver with a repair at a rest stop.
Not being limited to the modes of a particular carrier or their own private fleet, a business can access more available capacity in the market.
The sale price is $11.50 per share, about 150% more than the closing price on Wednesday.
The acquisition provides MercuryGate with ready-made last-mile logistics exposure, Blough says.
Zach Strickland, the Sultan of SONAR, talks about what the pandemic did to supply chains.
The first autonomous trucking software company to go public, TuSimple seeks up to $1.5 billion in stock sales.
Embark Trucks hit the autonomous road sooner than the competition. Now it wants to help fleets get ready to plug into self-driving trucks.
FreightTech companies showcased their cutting-edge technology solutions for common fleet inefficiencies during the Enterprise Fleet Summit.
Trimble MAPS worked with Wisconsin trucking company Roehl Transport to implement a navigation system to allow seamless and precise last-mile operations. The companies share their story during FreightWaves’ Enterprise Fleet Summit.
Railcar manufacturer Greenbrier expects economic conditions and the rail market to improve in the second half of the year and that optimism is starting to be reflected in higher inquiry activity.
I am encouraged to see that President Joe Biden is calling for up to $300 billion of investments by the federal government to begin rebuilding America’s manufacturing sector.
Hubtek’s digital worker, TABi, enters a company’s TMS as a user, scans documents, forms and emails for data, and transfers the data to the TMS.
Nashville is the Chicago-based freight brokerage’s first expansion office.
The latest increase raises the question: Are we nearing the end of the cycle of increases or just kicking off yet another one?
Mercado Labs connects, organizes and optimizes international supply chains, bringing order to the complex and monthslong importing process. End-to-end visibility is table stakes for an agile, efficient and resilient supply chain.
This clever twist on micro-fulfillment centers offers a futuristic model for urban retailing and fulfillment. And it comes as companies test out a bevy of automated, unmanned service models, from dark stores to drones and autonomous delivery fleets.
Hubert Ivan Ugarte pleaded guilty to bribing a FedEx Ground manager in a pay-to-play scheme, and to defrauding the PPP loan program.
One interesting aspect of the report by B Riley: Could TriumphPay and Triumph Capital be headed in different directions?
Isuzu trucks will install technology from autonomous vehicle startup Gatik on its medium-duty N-Series truck models.
Samsara’s new Fleet Benchmarks Report compares a fleet’s performance to that of similar fleets across the trucking industry, providing insight into how they are trending relative to peers.
Shipwell is adding pricing intelligence tools to its enterprise platform. Shippers testing the new tools have seen procurement costs drop as much as 10%, Shipwell said.
Truck driving is the biggest single occupation that stands to benefit from the president’s infrastructure plan, according to a new report.
The supply chain cloud softrware company says revenue for its fiscal 2022 year will align with what it told investors last fall;. The recently completed year also was in line.
It’s the third vote in just a few months to push the union out. But contracts at all 3 locations had not ever been finalized.
Research firm Cowen has set a price target of $28.50 per share for EV startup Arrival – more than $10 higher than Monday’s trading price. Cowen cited its unique approach to manufacturing as one reason for its optimism.
The decision in a suit brought against drayage company East Coast Transport affirms a finding in the earlier Cal Cartage case
It’s not that companies can’t operate without China, it’s just that for now, said companies will not grow as fast as they could with it, and will likely do so with lower margins. In a retail world constantly balancing sales and profit, avoiding China is giving up both for many Western brands.
John Krafcik, who led Waymo, the former Google self-driving car project, to recognized leadership in autonomous vehicles, is stepping down as CEO.
Kenworth and Peterbilt avoid downtime from semiconductor shortage by parking unfinished trucks and getting back to them later.
The battle between brands and retailers is not new, but it’s more acute than ever because of the options each side has. For brands, it’s never been easier to own and operate sales channels both online and IRL. For retailers, there’s never been more digitally native brands seeking out offline homes than there are right now. And giants like Target, Walmart and Amazon have proven that consumers are willing to purchase and even be very loyal to private label brands.
As hackers exploit the interconnectedness of the global supply chain to stage ransomware attacks, executives say technology and strategy are key to avoiding a knockout punch.
Fleets on the East Coast need to make every attempt to maximize capacity and assets
FreightWaves CEO Craig Fuller writes about FreightWaves, as well as transportation today and moving forward.
TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.
The costs of keeping up with four engine technologies and the pace of self-driving trucks push rival truck manufacturers into partnerships.
CIO named for soon-to-be-spun-off company
A ransomware gang is threatening to leak 2 terabytes of files stolen from shipping firm ECU Worldwide in the aftermath of a cyberattack as the owner vows to “take any steps necessary, legal and otherwise,” to protect customer data.
Self-driving technology startup Embark Trucks develops a universal autonomous driving system that will work in semis from the four largest manufacturers.
Investors plow more money into Plus, which expects to commercialize Level 4 self-driving technology in China this summer.
Biden’s $2 trillion infrastructure plan relies heavily on rolling back Trump’s corporate tax cuts.
The trucking industry sees the costs — but not so much the benefits — of new congestion pricing initiatives.
STORD, which describes itself as a cloud supply chain company, has secured a $65 million funding round as it seeks to expand upon its logistics capabilities.
Last of major trucking companies to pick an autonomous technology partner, Volvo Group chooses Aurora after three years of quiet collaboration.
This transaction will benefit the automotive supply and distribution network throughout North America.
As a federal definition of an independent contractor moves toward resolution, ongoing litigation could be affected by what the Biden administration finally announces.
The loan size shrinking across the board but the amount of money going to transportation and warehousing sector grew more than $1 billion last week.
A South Texas citrus packing facility and Houston supply chain services provider are two of the latest companies to announce layoffs across the Lone Star State.
Chipotle reveals it has invested in self-driving vehicle startup Nuro as it looks at new ways consumers will engage with the brand.
Volatility in trucking markets has prompted shippers to assess different ways of securing reliable capacity. For DG, that means more reliance on in-house transportation, but that’s certainly not the only option. Some retailers are looking to diversify their transportation partners to avoid delays and secure truck space. Others are debating streamlining their transportation needs by signing over their private fleets to logistics specialists.
Add Nike (NYSE: NKE) to the growing list of retailers being severely hampered by port congestion and supply chain bottlenecks. The congestion at West Coast ports in particular strained Nike’s supply chain and negatively impacted revenue, which declined 11% yoy in the quarter ending Feb. 28.
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An anticipated increase in North American rail traffic, coupled with FreightCar America’s move of its manufacturing to Mexico, should provide support to the company in 2021, executives said.
Refrigerated carriers Leonard’s Express and Holman Transportation join forces in latest truckload acquisition.
Autonomous trucking startup Plus is beginning production of Level 4 software this year as it works toward 10 billion miles of on-road testing.
Faxinating Solutions, an EDI provider that works with some of the largest shippers in North America and IBM, says it was the victim of a ransomware attack.
Roadrunner announced it has raised $50 million in equity through a private placement led by GlobalTranz and Emerge founder Andrew Leto. The company continues to advance its focus on the less-than-truckload market following a major restructuring.
Intel’s Ravi Dosanjh and the Port of Long Beach’s Noel Hacegaba take on supply chain visibility.
Waymo is leveraging software lessons from its autonomous ride-hailing pilots to Class 8 trucks, applying fifth-generation software that debuted on a Jaguar.
In this Put That Coffee Down segment, Kevin Hill talks with Chris Hurst about why the freight and logistics sector is lagging, and why companies should fix that.
One of the four family members involved in the founding of the company, he was gone by the time it merged with Swift.
Labor groups tell DOT that automated vehicle policy should not be based on industry self-regulation.
Samsara announced Sue Bostrom as the latest strategic addition to the company’s board of directors.
The capital will drive volume growth and help Baton expand to new markets.
Turvo’s Luis Pajares explains why software that was traditionally optimized around a particular supply chain function needs to be reimagined from the 3PL customers’ perspective.
COVID-19 forced dramatic change at the end of the supply chain seemingly overnight. Retailers had to adjust quickly to succeed, and those that did are looking at a recovering consumer economy with the best balance sheet in decades on top of a real estate market reeling from store closures. Pair this with an e-commerce acceleration of five years and a movement to DTC and you have a market ripe for innovative physical expansion.
Canadian Pacific wants to acquire Kansas City Southern. Here are five thoughts from Wall Street transportation analysts about the transaction.
Fewer options means less competition and less incentive to control costs.
FourKites said it had a banner year in 2020 as more companies sought out the real-time supply chain visibility company.
TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.
STB Chair Marty Oberman shares the board’s views on two proposed acquisitions: CSX’s acquisition of New England short line Pan Am Railways and Canadian Pacific’s merger with Kansas City Southern.
As the number of places where product flows increases, naturally, smaller, more frequent inventory replenishment runs are created. Whether it’s middle-mile solutions from DC to store or DC to DC or it’s home delivery, the location of endpoints is dispersing and the size of shipments is decreasing.
BorgWarner’s acquisitions in electric components and systems position the Tier 1 supplier to grow its electrification revenue to 45% from 3% by 2030.
Automation will mitigate exposure created by process errors and duplication of efforts by integrating disparate systems.
Electronic payments provider Relay Payments announces Old Dominion Freight Line is the latest carrier to join its platform.
If many fleets procrastinate to avoid a disruptive transition, there could be a shortage of equipment.
FreightWaves Ratings is FreightWaves new review/rating site of commercial products for the freight industry.
MyCarrier is scaling a white-labeled LTL TMS with a unique distribution model.
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
Nuvocargo recently updated its platform to include bilingual tracking features and more visibility for cargo shipments in Mexico.
Less-than-truckload carrier Saia announces the addition of its 20th facility in the Northeast in just the last four years. The LTL market continues to garner incremental investment dollars as demand rises.
Load board adds more enterprise-level automation to its compliance offering.
The LTL brokerage business is much smaller than that of truckload, but its profitability increased during the quarter.
Canadian Pacific and Kansas City Southern executives outline the benefits and the rationale behind CP’s proposed acquisition of KCS.
Canadian railway Canadian Pacific plans to merge with Kansas City Southern in a deal worth $29 billion.
Even as the relationship between Ryder and Chanje was hitting the rocks, Ryder continued to do new deals with the supplier of electric vehicles and touted its role in the company’s green plans.
Major Canadian trucking and warehousing company Groupe Robert is making a large investment to build Quebec’s first 3PL automated distribution center for fresh and frozen foods.
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
The company moves to broaden its footprint and introduce services as it posts stellar fiscal 2021 third-quarter results.
Smith sees no let-up in the demand for the company’s services.
The NLRB action is a gathering of earlier Teamsters actions against Universal, now pulled together in one filing by the government agency.
Wabtec, short line operator Genesee & Wyoming and Carnegie Mellon aim to establish public-private institute that would research, demonstrate and commercialize advanced freight rail technology.
Economic downtown spurs more freight-related job cuts across the Lone Star State.
February freight data from Cass shows a deceleration in the growth rates of shipments and expenditures. Recent weather events have only “coiled the spring” for a continuation of high demand and rising rates.
More and more beneficial cargo owners (BCOs) are moving manufacturing and warehousing to Alabama.
The desire for supply chain software and technology that is tightly integrated and that works in tandem, through platforms and ecosystems, raises the specter of cybersecurity incidents that can very quickly metastasize.
“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.
There’s no time for deliberation these days if you want to get high-value cargo shipped by air. It’s a strong seller’s market in the air cargo world. If you see it, book it and don’t worry about the price.
The Future of Ports 2021 event will take place virtually on March 18th, 7 PM, UAE time/8AM PT time.