Business

“The days of Tesla’s virtually unchallenged dominance may be numbered.”

Unlike Moody’s, agency increases a key rating by one notch, but two agencies are now about even

Simone Ross writes about the pandemic’s effect on supply chains, and how companies should be improving/changing to minimize damage and get stronger.

Ugarte is already under federal indictment in another case involving a $280 million pay-to-play bribery scheme to receive lucrative FedEx Ground contracts.

Within moments, international freight brokers will be able to protect perishable goods.

Annual insurance rates could surge 150% or more

One rating is increased as long review by ratings agency is wrapped up

Since last year, Banyan Technology has offered LTL carriers a tool to provide special pricing incentives to shippers. Now it is adding data insights to make that tool more effective.

Deutsche Post DHL said preliminary second-quarter profits, despite the ongoing COVID-19 pandemic, have it less worried about the rest of the year.

TFS being sold for more than $100 million, other considerations

New partnership marries Navistar vehicle diagnostics platform with Samsara’s fleet management solutions.

LTL carrier spells out its debt relief with the $700 million of Treasury funds it is getting

Deal covers 300+ drivers over classification questions

Russian airline Volga-Dnepr, whose planes are commonly associated with transporting heavy equipment, spent the past three months ferrying tons of medical supplies from China to France to combat COVID-19.

Federal loan during the COVID-19 pandemic couldn’t keep Alabama-based Foster Freights LLC afloat, as it filed for Chapter 7 bankruptcy protection.

TuSimple, Kodiak Robotics among the recipients of PPP loans. (Photo credit: Kodiak Robotics)

Lori Ann LaRocco illustrates the disruption to global trade by profiling what has happened at the Port of Miami since the coronavirus pandemic began.

Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.

Several other companies cited in overall bullish report

Ocean Network Express, Hub Group, Estes Express Lines and PITT OHIO all have something in common: They are among the top carriers on FourKites Premier Carrier list

ITG offers Catapult an extensive database of nationwide drayage rates to complement ocean pricing.

The California Air Resources Board has mandated a percentage of zero-emission Class 8 trucks must be built for sale in California. Darren Prokop’s commentary covers the ins and outs of this regulatory mandate.

DTNA’s decision to install Platform Science technology at the factory level opens opportunity for the truck maker and others to generate more driver and vehicle productivity at lower cost.

Four key provisions are being hailed by state’s trucking association

Owner-operator’s guilty plea result of failing to pay taxes on $600,000 over three years.

Amazon will open the 825,000-square-foot facility in 2021, expanding its footprint in the Arkansas market.

Lufthansa Airlines is transforming itself into a smaller airline, while its Cargo division settles on a single company to manage its central warehouse.

Reviewing the voluminous data about recipients a day after its release

Global courier DHL Express parks its first mobile store at a mall in Silver Spring, Maryland, banking on offering convenience to area parcel shippers.

Outrider focuses on autonomous zero-emissions yard operations for logistics hubs.

Group of nine container carriers has banded together for digital standardization.

Optimal Dynamics seeks to automatically optimize trucking flight operations. Brian Aoaeh profiles the company and interviewed its founder and CEO.

dexFreight will add truck parking reservations from TruckPark to its platform and partner with the parking reservation provider on a driver-focused podcast.

About 25% of the total railcar fleet is in storage of one kind or another. Jim Blaze writes about best practices of rail storage.

Out-of-control insurance premiums are driving trucking operations out of business, but leading insurance experts say something can be done about them.

KeepTruckin’s new features provide better visibility into driving behavior and they enable fleet managers to remotely click images on the cab cameras.

A sortable spreadsheet that cuts right to the key areas the trucking sector wants to know

A tip led investigators to the 90 bricks of cocaine weighing nearly 226 pounds.

The Trucking Freight Futures markets continue to reflect strength in the underlying freight market, particularly in the Los Angeles and Atlanta markets, with the spot National contract rising $0.048, or 3.2%, to $1.534/mile.

The Federal Railroad Administration and Volpe are in the middle of conducting a survey on how railroaders gather and share information about occupational safety.

30+ big trucking borrowers identified

More than 3,200 companies in the two main government classifications that comprise long-distance trucking received Paycheck Protection Program (PPP) loans in excess of $150,000, according to data released this morning […]

Danish shipping giant A.P. Moller -Maersk has reached an agreement to acquire Sweden-based customs brokerage to offer increased import clearance services to European shippers.

Deal comes at the backdrop of food delivery company GrubHub’s $7.3 billion acquisition last month by Just Eat Takeaway.

EKA Solutions has expanded its offerings with a new predictive visibility product that taps into ELDs and driver apps for a more accurate look at arrival times.

Consolidated Chassis Management chief executive foresees an increased requirement for chassis to accommodate rising tide of intermodal container moves as the North American economy shakes off COVID-19.

Funding for the extension will be the money that didn’t get sent out so far

A.M. Best: 10 years worth of losses; litigation financing helping to drive the problem

OEMs, logistics companies tout varied technology solutions on the way to a zero-emissions future.

Parent company Coca-Cola shutting the line by the end of August

Deutsche Bank geofencing data shows the less-than-truckload recovery off of an April bottom spills into June.

Deluxe Express filed for bankruptcy protection, citing skyrocketing insurance rates, fatal crash.

AAL Shipping, an operator of “mega-size” project cargo ships, expects rebound for smaller U.S. import and export project cargoes in 2021, if COVID-19 pandemic subsides later this year.

A new PitchBook report documents a surge of investment in the warehouse robotics space.

Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.

Warehousing jobs soar, rail jobs sliced again

Rail traffic continued to build through June. U.S. intermodal traffic was only off 5% year-over-year in week 26.

Integrations lower the barrier to entry to Transplace technology.

Also: warehouse jobs soared by 60k

Carrier recognizes ‘the importance of digitalization across the shipping industry.’

Separately, the truck stop operator also extended extra pay and benefits for its workers

YRC’s $700 million loan from the Treasury Department raises concerns from industry experts about the survival of the company and whether the deal is worth it.

The Universal Postal Union’s (UPU) new regulations will see an increase in international inbound package rates across the U.S.

The family-owned company, which filed for Chapter 11 bankruptcy protection, has been in business since 1994 and has 23 employees.

$1.5 trillion infrastructure bill passes U.S. House along party lines; includes truck insurance hike.

Governments, container carriers and port authorities agree it’s about time communications among them were improved.

For Canada, United States-Mexico-Canada Agreement (USMCA) makes trading with the United States a bit more complicated. And it may create some headaches for the trucking industry.

Pilot Freight Services, which operated under a national franchise network for decades, now owns 90% of its offices and monitors for future acquisitions.

$3.8 billion in U.S. trucking revenue at stake in U.S.-Mexico cross-border freight.

With upcoming changes to hours-of-service rules, drivers and fleets could see improved productivity, safer operation and fewer violations.

YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.

Extension of paycheck protection needs House OK, Trump signature

TuSimple has launched an Autonomous Freight Network with UPS, Penske, U.S. Xpress and McLane Co.

YRC Worldwide announces that it plans to receive a $700 million loan under the CARES Act.

FedEx Corp. had significant positives in its fourth-quarter earnings report released Tuesday, including much-better-than-expected earnings before interest and taxes.

German express carrier considers aircraft fuel, cleanliness and flight path for July 1 “perfect flight.”

FedEx Corp. posted a $334 million net loss for Q4 on Tuesday, but shares spiked on strong non-GAAP results.

A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.

Workhorse gets another shot in the arm with the announcement of a $70 million loan. Shares continue their hot streak, up more than 30% on the news.

TFI International grows U.S. specialty businesses with CT Transportation in second acquisition from bankrupt Comcar industries.

U.S. Department of Labor indicates there will be more such actions in several states

Friend of a driver leased to Cardinal Transport lost a leg, and a legal battle ensued

Uncertainty over 2016 air emissions rule for tractor trailers still a factor for future model years.

It was a strong week across the board for the Trucking Freight Futures markets with the spot National contract rising $0.046, or 3.1%, to $1.526 per mile on surging freight volumes.

Cash-rich Amazon continues to find ways to spread the money around, this time with a $500 million payment to its workers and partners.

CIO Claas Matthies is tasked by SAL Heavy Lift with implementing a digital strategy to streamline and improve the financial outcome for one of the most complex forms of ocean transport – project cargoes.

GS1 US has created data standards to help expedite the mainstream adoption of blockchain within the logistics industry.

Long Beach mayor taps ILWU officer Bobby Olvera Jr. to serve as commissioner.

Company has new DIP financing and new financing for when it exits bankruptcy, will continue operating

Payouts begin flowing to truck drivers from Celadon Group’s Hyndman Transport months after forcing the bankrupt trucking company to court in Canada.

South Carolina Ports Authority adopts financial plan for fiscal year 2021.

Prologis seeks to sell the largest-ever warehouse portfolio in the U.K. The deal is reported to include 22 properties valued at more than $500 million.

Global research firm has ranked the supply chain management undergraduate program at the University of Arkansas No. 1 in North America.

“Nuclear verdicts are the result of nuclear injuries,” plaintiff group asserts.

Amazon is looking to buy Zoox, a self-driving startup that seeks to create a fleet of electrified robo-taxis.

A federal grand jury indicted reality TV star and trucking company owner Maurice Fayne, aka “Arkansas Mo,” charging him with wire fraud, bank fraud and money laundering.

EU e-commerce regulation will bring “one of the most impactful changes.”

Robotics startup Third Wave Automation has raised $15 million in Series A funding to scale its advanced robotics technology aimed at bringing “shared autonomy” to forklifts.

For years, exporters and importers have been frustrated by the former U.S. Customs and Border Protection process to withhold their names and addresses in manifest data from the public.

Amazon has been linked to several large real estate transactions this week, including the lease of a 1 million-square-foot facility in New York.