Business

Trucking Freight Futures held steady on Wednesday as the April National contract (VNU) saw 10 more contracts trade at $1.375/mile.

During a roundtable discussion, the CEOs of Convoy, Flexe and Flexport spoke about the coronavirus and the future of freight.

OmniTRAX announces new CFO following several additions to the management team.

Americans for Free Trade, which represents more than 100 trade organizations, said eliminating existing U.S. tariffs on Chinese goods would boost the American economy by $75 billion during the COVID-19 crisis.

Flatbed volume has been building over the past few years. Read why in this article by Kayla Matthews.

Canadian bank’s transportation portfolio already had been sagging.

A FreightWaves survey examines what motor carriers, drivers and shippers and receivers are doing to curb the spread of the coronavirus pandemic.

ACT Research cannot model downturn scenarios fast enough for Class 8 trucks, but high inventory levels make the coronavirus crisis a good time to take a production break as demand is practically nonexistent.

It’s a full red alert for the airline industry as the coronavirus crushes travel demand. Companies are racing to shore up their finances as revenues dry up.

While USDA and FDA staff and resources become constrained by the coronavirus, the agencies continue to work with industry to protect the health of the food supply chain.

Trucking Freight Futures rally as the April National contract trades at $1.375/mile with more companies returning to the market to hedge their exposure to freight rate volatility.

Shen was previously chief operating officer and president.

The Trump administration notified Congress that it will begin bilateral trade agreement talks with the East African country.

U.S. Customs and Border Protection attributed the cancellation to “the unprecedented situation related to coronavirus (COVID-19) across the country, and the closure of our testing centers.”

Waymo announced that it will stop driver-monitored self-driving taxi services in Phoenix, Arizona. However, truly autonomous taxis will continue to function.

Company suspends fiscal 2020 earnings forecast due to COVID-19 outbreak

It won’t be the last opportunistic e-commerce acquisition we see.

Stifel Financial sees an OK first quarter, but the picture gets less clear after that, with risks to second-quarter earnings estimates.

Lev Aslan Dermen was convicted on multiple charges involving business connections to brothers Jacob and Isaiah Kingston, who were convicted in 2018 for their role in a massive biodiesel tax scheme.

The Trucking Freight Futures markets finished Monday unchanged to mixed, pointing to continued tightening of spot market capacity.

LoadStop provides a TMS solution that has a built-in compliance manager and an autonomous dispatcher that helps fleets find best-match loads in the spot market.

Office operations that remain open implement CDC guidance to protect employees from spreading or contracting COVID-19.

Amazon.com, Inc. plans to add 100,000 workers, increase hourly wages and limit items received into its fulfillment centers in response to the coronavirus outbreak.

“With ongoing challenges posed by the coronavirus, there is real concern about these fees being assessed when there are equipment issues beyond the control of the shipper or motor carrier,” 67 trade associations told the Federal Maritime Commission.

For fleets that run throughout the day and need high utilization, hydrogen fuel cells offer great value for investment, while also creating zero emissions.

Stifel Financial’s conference call with industry executives forecasts supply chain disruption extending to July or longer.

FreightWaves’ OTRI is now higher than it was a year ago

Trucking Freight Futures posted moderate gains across the board on Friday to wrap up a tumultuous and volatile week.

The Commerce Department’s Bureau of Industry and Security said the 24 companies and individuals added to the Entity List pose a U.S. national security and foreign policy risk.

FreightWaves SONAR can help those in the freight industry stay current with what is happening in transportation and logistics during the coronavirus pandemic.

Coronavirus has strained supply chains and had a huge impact on the movement of freight.

Members of the U.S. House of Representatives have formed the Supply Chain Caucus. Read why this is important for all of us.

“The American public should be aware of bogus home testing kits for sale either online or in informal direct to consumer settings,” U.S. Customs and Border Protection said.

Rose Rocket’s order management platform integration with Geotab’s system gives trucking companies more tools to offer shippers, including track and trace and real-time ETA

Attorney general argues federal rule does not preempt law impacting independent contractors.

The waiver will run through April 12 or the end of the emergency, whichever is first

Uber Works helps temporary workers connect directly with companies posting jobs via its digital marketplace and ensures workers get paid without delay.

The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons List.

Visibility startup ensures compliance by taking corrective action in real time.

ATA says it expects a waiver. States are already granting them.

The Commerce Department’s Census Bureau and Bureau of Industry and Security believe an upcoming proposed rulemaking may resolve the regulatory confusion for required export data.

Trucking Freight Futures finish higher on Thursday as capacity tightened to meet demand of panic buying caused by the coronavirus pandemic.

Are there too many railroad freight cars? Jim Blaze writes about many reasons why this is the case.

“Right now, I believe most ocean carriers and marine terminal operators are acting responsibly and fairly in these challenging conditions,” FMC Commissioner Daniel Maffei said.

Drones can speed up delivery times dramatically, but for the technology to be commercialized, a number of regulatory hurdles need to be cleared.

Steering advances, integrated steps over DEF tank among enhancements truck makers are bringing to market amid a continuing slowdown in new equipment orders

Virus-related demand headwinds bring fresh declines in February Cass data. Visibility into a potential trucking recovery is further clouded.

Most companies are right near the 25% decline in the market since February 1.

Coronavirus is having an impact on many industries. One of those impacted is the global seafood industry.

Technology is an important part of the customer journey, but companies often don’t understand how important it actually is.

Trucking Freight Futures finished Wednesday’s session mixed as the East region shows strength on fundamentals and volume of imports.

Carol Tomé named new CEO at UPS. David Abney to retire at the end of 2020 after a 46-year career.

“As an industry representing brands and retailers, we do not tolerate forced labor in our supply chains,” said five large U.S. apparel and footwear associations.

Trucking Freight Futures stabilized to end slightly mixed on Tuesday as global equities and oil markets rebound.

Lingering effects from tariff battles with China also contributed to decline in February.

Cross-border trucking and logistics firm isn’t cheering for the pandemic. But for the moment, freight volumes are increasing in Canada and the U.S. even as fears over fallout loom on both sides of the border.

Preparedness is essential when it comes to the coronavirus or other supply chain disruptions, experts say

Supply chains are a major source of carbon emissions. Switching to alternative fuel powertrains and improving equipment utilization levels can help reduce footprint.

DCSA publishes recommendations ahead of International Maritime Organization compliance deadline.

Trump administration reminds U.S. exporters of semiconductors and other technologies that it views the Chinese telecom equipment manufacturer as a continued security threat.

The companies that control the bulk of ocean cargo opearte under different rules than most companies. Read Darren Prokop’s explanation of why that is…

“The reality is that neither major political party has been particularly good for small-business truckers for a long time.”

Airforwarders Association Executive Director Brandon Fried said minimizing threat of illegal drugs requires freight forwarders to “know your customer.”

Lightweight electric van maker expects to build 300-400 units this year as transition to production inches forward while costs remain high amid Q4 revenue of just $3,000.

Deliveries of contracted freight with actual trucks will be the focus of the three-year partnership.

Trucking Freight Futures continued to decline on Monday as the collapse in the global equities and oil markets weighed heavily on rates.

Daseke expects weakness in the industrial markets and oil and gas sectors to persist. Management said the environment was sequentially weaker in the first quarter.

WorkStep marketplace matches workers and employers as industrial labor market challenges persist

The 2nd Annual Supply Chain Data Analytics Competition is held for students to make sense of the cost points within supply chains and find ways to reduce shipper-associated expenses.

RPA technology could provide every broker an assistant to perform lower-level tasks so they can focus on high-level strategy.

The outbreak could lead to a broad rethink of how global companies source, store and distribute goods

Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.

“China has continued to embrace a state-led, mercantilist approach to the economy and trade, despite WTO members’ expectations,” the Office of the U.S. Trade Representative said in its annual report to Congress.

Gov. Andrew Cuomo announces Rick Cotton is under quarantine and some port authority staffers will be tested.

The Trucking Freight Futures markets were dragged lower for the week as the outbound LAX lanes plunged on Friday.

CNBC’s Lori Ann LaRocco writes about the ramping up of manufacturing in China, and the subsequent ramping up of cargo headed to the U.S. via ships.

XPO announces deal to buy the majority of Kuehne + Nagel’s U.K. contract logistics segment. The deal comes shortly after XPO announced plans to divest units.

The fake Oral-B toothbrush heads, which arrived at Philadelphia airport from Turkey, were likely made in “unsanitary facilities with substandard materials,” U.S. Customs and Border Protection said.

Ransomware could cripple our nation’s transportation infrastructure if firms don’t protect their data and demand more stringent security compliance.

Trucking Freight Futures appeared to find their footing on Thursday amidst the return of mild to moderate volatility in freight rates.

JAXPORT hosts seminar on the often misunderstood and misused International Commercial Terms.

Spin works with local governments to receive permits for using e-scooter shared mobility across city streets, rather than aggressive expansion by flouting city rules.

Good day, StradVision, an AI-based camera perception system, has announced it is developing animal detection capabilities for its SVNet software, which is used in advanced driver assist systems as well […]

Profitability is the key to any business staying in business. In trucking it is harder than in many other businesses. Chris Henry explores the “trucking profitability paradox.”

The test in Customs and Border Protection’s Automated Commercial Environment will be the third between the Fish and Wildlife Service and relevant importers since May 2016.

Anthony Levandowski still faces criminal charges after federal prosecutors allege he stole secrets about Google’s self-driving arm.

The city is at the center of the U.S. coronavirus epidemic, with 70 cases confirmed and 10 deaths.

Calm continued as the Trucking Freight Futures markets ended Wednesday mixed to fractionally lower and the Atlanta to Philadelphia lane continued to strengthen.

“In 2020 both governments expect to implement low-cost, high-impact strategies to simplify customs and immigration screening and reduce wait times,” the U.S. State Department said.

Data Gumbo has joined the Blockchain in Transport Alliance. Learn about Data Gumbo’s services and what BiTA is doing to develop blockchain standards.

FreightWaves SONAR clients will have access to Truckstop.com rates

CarrierHQ introduces a new portal that helps owner-operators and small fleets gain authority in the market by providing them services to get started and run successful businesses.

Brian Aoaeh explores the vulnerability of supply chains in an interconnected world that is threatened by a potential pandemic.

The robotic trucking company will expand its UPS runs to 20 trips per week and has added an extra run between Phoenix and El Paso, Texas.

The logistics startup aims to improve delivery performance for construction industry.

CEO of Canadian logistics software provider says China’s surprise recovery may signal a better prognosis for supply chains around the world.

Transportation and logistics software provider 3Gtms acquires cloud-based shipping software provider Pacejet.

After a wild couple of sessions, calmness returned to the Trucking Freight Futures markets on Tuesday.

Tonnage headwinds and better yields are the story so far in 2020. Old Dominion Freight Line reports modest revenue decline.

The 2019 Protecting America’s Food and Agriculture Act provides funding to help Customs and Border Protection close a shortfall among its agriculture specialist ranks over the next three years.