It was a mostly positive week for the Trucking Freight Futures markets as gains in the South and East helped push the spot National contract higher by 0.4% to $1.480 per mile.
The global air cargo carrier has tasked Israel Aerospace Industries with converting the planes to all-cargo configuration.
The cargo insurance will now be available to Kleinschmidt’s users on its FreightLaunch platform.
Diesel-electric hybrid truck components maker Hyliion expects to be publicly traded around the end of the third quarter in a reverse merger like one that catapulted electric Class 8 truck startup Nikola Corp. to a $23 billion valuation.
Proper routing is crucial for trucking companies of all sizes. Poor routing costs time, which equates to money in trucking. Here are some reasons to consider automating route planning.
Chapman Freeborn buys Arcus Air Logistics, a longtime provider of ad-hoc charters and on-board courier services to the European automotive industry.
The award recognizes autonomous trucking company Plus.ai for its industry partnerships and technology leadership in self-driving trucks.
Roundup comprises elections and selections by Atlas Air, Elemica, Georgia Ports Authority, Hapag-Lloyd, NCBFAA and VeriShip.
Aerospace industry supplier wants to turn supply chain into a competitive advantage.
TFI engages in a bidding war over CT; creditors committee highly critical of deal on CCC.
Some shippers and some specific invoices can be chosen for accelerated payments, but not necessarily across the board
Dan Crain profiles the important Newark, New Jersey logistics hub, as well as some of the logistics startups in the area.
FedEx will see $370 million in noncash charges stemming from valuation declines in previously acquired operating units.
The release will report the majority of where the dollars went but not a majority of the individual borrowers
EchoVC partner explains why the language of diversity fails to capture the extent of the problem and foster solutions.
Provisions still face major scrutiny by Republican-controlled Senate.
New loans under PPP were less than $2 billion last week, and there’s plenty left on the table
Digitization of forms and the use of blockchain will cut costs and time from the supply chain. Brian Aoaeh writes about those issues in India.
Fiscal-year finish 50,000 containers below plan is forecast.
Car ended up under big rig, but Ace and truck’s driver win in court.
Chaves, ex-owner of CAT Transportation Inc., is awaiting sentencing in another federal case after pleading guilty to falsifying DOT records, bank fraud, identity theft and tax evasion in August 2019.
A research report from Prologis highlights the growing need of logistics space. The recent April downturn reversed course quickly in May, supporting the notion that any demand degradation will be “short-lived.”
Chinese warehousing robotics startup Geek+ is the most funded startup in the world in its segment.
Fetch Robotics partnership debuts autonomous cleaning solution for warehouses and other large facilities
Flatbed carrier Daseke reported five weeks of volume improvement in its second quarter update. The carrier improved its liquidity position through the first two months of the quarter.
TFI International says it completed its acquisition of Gusgo Transport in a deal that adds a small Canadian container trucking and storage company.
Nikola Corp. founder and Executive Ehairman Trevor Milton says he is justified in threatening on Twitter to sue a reporter he accuses of lying about the startup electric truck maker to drive down its high-flying stock price.
Washington State Potato Commission wants you to get fries with that burger.
The U.S. Federal Maritime Commission has rolled out guidance on how the ocean shipping industry can collaboratively improve the flow of containers among ocean carriers, marine terminals, shippers and drayage truckers in San Pedro Bay during COVID-19 and beyond.
French 3PL FM Logistic reports strong organic growth in its recent fiscal year as European expansion progresses. The company didn’t issue annual guidance due to COVID-19 uncertainty.
The best time to build on your company’s offerings through acquisitions may actually be during a global disruption.
Port Logistics operates a 140,000-square-foot refrigerated warehouse at Berth 219.
Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.
CEO of on-demand driver platform talks about changing the face of trucking entrepreneurship
Brian Fielkow writes about what companies in logistics and freight should be doing to end racial discrimination and inequality.
Turvo has been building the next-generation of supply chain management, hoping its solution can replace a traditional TMS and redefine logistics collaboration.
The closure of the United States-Canada border to nonessential travel is disrupting Canadian consumers’ and small businesses’ reliance on “hacks” to get products from the U.S. — and that’s a good thing, says the CEO of A & A Customs Brokers.
GoFor Industries closes on C$9.8 million seed round as it aims to expand its on-demand delivery platform for construction industry into more North American cities.
Cold storage facility operator Americold announces plans to resume facility expansion project in New Zealand.
The 1920 Merchant Marine Act authorizes the U.S. Federal Maritime Commission to investigate and penalize foreign governments with ocean shipping regulations that discriminate against U.S. trade.
Jaguar Transport won a public auction for Celadon’s Mexican businesses, with a winning bid of $6.8 million.
Reduced number of canceled sailings indicates return of cargo.
Goal is to get freight companies and truck automation vendors to deploy AV technology in daily revenue service.
Because of strained supply chains, will just-in-time delivery be used less by industry? Darren Prokop explores this topic in his latest commentary.
Canadian environmental services company Aevitas adds flatbed fleet with the acquisition of Fast Lane Freight Services.
BackboneAI relies on real-time data synchronization to empower vendors to optimize their product flow to customers.
Deuce Drone, a new developer of aerial drone delivery systems, has a talented team, but its biggest hurdles will be established competitors, federal regulations, and customer appreciation for the technology.
Private equity investment expected to accelerate growth for digital yard solutions company
“The most critical commodity we trade in with drivers today is hours,” said Norm Thomas of Powerfleet.
Lori Ann LaRocco explains why intra-Asian trade is down and its affect on the United States.
CognitOps orchestrates “cacophony” of solutions
Possible issue in its debt profile: pulling down a revolving credit line at the start of the pandemic and having it still counted as a liability
Nine companies and eight states have signed on as the first participants in a new U.S. DOT program designed to improve the safety, testing and transparency of autonomous vehicles
Worse-than-expected data from Cass shows year-over-year declines grew in shipments and expenditures. Intermodal pricing falls out of bed.
With this acquisition, STORD will now provide a variety of freight hauling options aside from its core functionality of on-demand warehousing.
It was an overall strong week for the Trucking Freight Futures markets as 10 of the 11 spot month contracts posted gains for the week with the spot National contract higher by 0.55% to $1.474 per mile.
Logistics services provider is optimistic about African continent’s global freight potential, despite economic setbacks from COVID-19 pandemic.
An investor talks about overcoming pattern recognition bias in venture capital
Beacon is a UK-based digital freight forwarder – one of many that have vowed to disrupt the freight forwarding industry.
American Airlines Cargo has not slowed implementation of the IBS Software iCargo platform since last October, despite the upheaval from the COVID-19 pandemic.
“A company’s bottom line is going to be impacted more by the way they can improve efficiencies rather than top-line growth,” said Cindy Nelson.
Averitt, OmniTRAX, Duluth Seaway Port Authority and Port of Newcastle announce appointments
Treating carriers with respect while removing waste from the supply chain
Nuverra completes first phase of a pilot on water disposal, soon after it kicked off a three-year deal with another blockchain provider.
The hot topics you may have missed this week.
Court ruling was needed for disposal of mostly reefer carrier to proceed
The Illinois-based carrier is being sued by its principal lender and landlord for failing to pay its financial obligations.
The platform moves toward customization based on job function.
As the size of jury awards has grown, trucking fleets are dealing with how to mitigate the rest. Many are turning to technology.
Gene Seroka reports worst May in more than a decade, predicts 15% of import cargo won’t return
Boeing’s stop-work order to its fuselage supplier has a lot to do with COVID-19 and the state of the airline industry.
Investor Warburg Pincus said it supports a full investigation.
Three hundred vessels will be equipped to measure and report meteorological data
The World Shipping Council says exemption for ocean container carriers from publishing essential terms of their service contracts with the U.S. Federal Maritime Commission is a step in the right direction.
The investment round was led by OGCI Climate Investments, a $1 billion+ fund that invests in solutions to decarbonize commercial transport.
Debt rating for the company held steady by S&P and Moody’s, though S&P sees a more negative outlook
Frac sand firm Vista Proppants and Logistics filed for Chapter 11 bankruptcy protection on Tuesday, saying it has around $500 million in liabilities.
The company is one of three autonomous trucking startups to voluntarily describe how it is developing and applying AV technology
Steve Burks was a truck driver in an earlier professional capacity. He also earned his bachelor’s degree, his master’s degree and then his Ph.D. He’s a professor of economics at […]
The cost to build a railroad is staggering. Jim Blaze gives an overview of the costs involved in such an endeavor.
The safety of all motorists is paramount. An organizaton that is focused on the safety of truckers is Together for Safer Roads. Learn more about its mission and how it works.
Data shows that such preferred carriers are four times more likely to win new loads and customers.
Intermodal Motor Carrier Conference said the Ocean Carrier Equipment Association can avoid regulatory or legal action by reaching a “mutually beneficial” resolution to the chassis lease rate dispute.
YRC Worldwide’s midquarter report was worse than that of its peers and adds to industry speculation that some shippers could be avoiding the carrier.
Bill Doyle has been steering the Dredging Contractors of America
Crews stranded during the pandemic have garnered media attention — “and that’s a good thing”
Route optimization software can help trucks better manage their equipment and driver hours, while providing shippers with more accurate ETAs.
Daseke’s ratings were confirmed at recently downgraded levels by Moody’s. The report points to the company’s restructuring as a source for a potential ratings upgrade.
The alliance between FedEx and Microsoft may change supply chains,. Brian Aoaeh explores the issues involved.
“If you want to be relevant five years from now as a broker, you should be moving towards algorithmic rates,” said Andrew Leto.
Startup raises $11M in Series A round
Trevor Milton takes a $1 annual salary as CEO of newly public Nikola Corp., but his net worth on paper is approaching deca-billionaire status based on his 35% share of the battery electric and fuel cell truck startup’s shares.
French carrier trumpets its resilience and agility during coronavirus crisis
Canada’s largest privately owned bulk carrier said combining its maritime activities in a single department will improve efficiency and better prepare it for a post-COVID-19 economy.
Surging shares in electric Class 8 truck maker Nikola Corp. could help show the way for other high-tech transportation companies this year.
Tricky wording in one provision may scuttle the entire effort to deal with a widely acknowledged problem
Berlin- and Paris-based startups are merging to become one of the largest digital trucking freight forwarding platforms in Europe.
Survey finds dearth of talent for handling the increasing pace of change in the industry.
Jim Blaze explores the pontential for a merger or mergers among the Class 1 railroads.
Operations at ports from Maine to Texas will cease for one hour Tuesday as ILA and USMX show respect for George Floyd
