The Swiss government will serve as the go-between to manage financial transactions involving medical and other exports to Iran and ensure Iranian sanctions are not violated.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Much of the discourse and sentiment surrounding the […]
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
The majority of executives expect growth exceeding 10% and are actively pursuing deals.
New technology, capital, and business models have changed the competitive landscape.
Digging into some of the most recent LMI components.
Blasting out underwater “speedbumps” last hurdle for $485 million project.
Too much Amazon traffic may spoil the Brown broth
Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.
USA Truck reports another worse-than-expected loss as it revamps the company.
U.S. Customs and Border Protection said the 73% collected-duty increase over last year was mostly the result of ongoing punitive import duties on steel, aluminum and Chinese goods.
Most key metrics were lower for the LTL carrier/brokerage company.
As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.
Amazon blows past analysts’ EPS estimates for q4
Daseke updates guidance, lowering the expected fourth-quarter loss. The company’s restructuring remains on track.
Tanker giant Euronav warns of fallout from coronavirus crisis.
AscendTMS is the first TMS to allow users to reserve parking for drivers inside the system, thanks to a collaboration with TruckPark.
Ben Thrower writes about the increased use of cargo ships to smuggle drugs.
Trucking Freight Futures end Wednesday little changed as lanes in the West continue to diverge.
Aptiv’s Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.
Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
In case you weren’t able to catch our live broadcasts from Music City at the Air Cargo Conference at the top of this week, don’t worry, we’ve got you covered right here, right now for a “just in time” delivery.
Open-deck logistics provider Jones Logistics turned to AI-powered solution from Parade to build a digital brokerage for load management
UPS posts largely expected Q4 results as operating gains and nontax and after-tax charges cancel each other on the bottom line.
Head of giant independent refiner not surprised by lack of movement this early in the regulation.
The electric vehicle company expects more than half a million deliveries in 2020.
Moscow-based Grand Service Express began offering service to the Russian-occupied Crimean Peninsula in December.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
Boeing’s earnings and revenue failed to meet expectations, and the manufacturer revealed billions more in MAX-related costs.
The Amazon Effect and Uberization of Freight pose daunting challenges for logistics companies, says FreightWaves founder and CEO Craig Fuller.
Funding likely to remain elusive for proposal that focuses on zero-carbon initiatives.
UPS unveils a slew of products and services ahead of tomorrow’s fourth quarter results
In return, the South American country wants the U.S. to recognize singani as its national alcoholic beverage in strengthening bilateral trade ties.
Liners confront higher ship-lease rates at the very time fuel prices are spiking.
Trucking Freight Futures ended Tuesday’s session mixed with forward curves pointing to lower near-term rates.
Recent trade developments should help rail volumes improve, particularly in the second half of 2020, executives said.
Railroad giant Norfolk Southern Corp.’s fourth-quarter profit declined 5% as the company hauled 9% less freight, officials said. Norfolk Southern (NYSE: NSC) reported its operating and financial results for the […]
Wall Street reacts positively to a projection for the rest of the year.
Schneider National’s fourth quarter suffered from a “muted peak season” and softer rates. However, the carrier’s 2020 outlook calls for improving fundamentals.
Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.
Revenue gains for grain, energy, chemicals and plastics provide boost.
Startup Baton Trucking believes it can eliminate waste and detention through a drop yard network.
U.S. Justice Department announced the arrest of Harvard University’s chemistry department chair on charges of lying about financial and research connections to the Chinese government.
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
U.S. Xpress announced it has successfully refinanced its revolving credit facility, lowering the interest rates on a portion of its debt.
Owner-operator group calls decision “highway robbery.”
Alaska Airlines’ parent company also reported hefty full-year earnings in what the CEO called a “fantastic year.”
Roadrunner Transportation will be able to take a significant step in improving its balance sheet following its agreement to sell its Prime Distribution Services business to C.H. Robinson Worldwide (NASDAQ: […]
PACCAR is riding a comparatively low inventory of unsold trucks into 2020 as new orders and production in the first quarter are expected to be down 5-7%, the company told analysts following its report of record revenue and profits in 2019.
The railway cited the labor strike and weak freight demand in lower fourth-quarter profits.
It’s the same story for carriers and shippers: up like a rocket and down like a feather
Smart contracts may be a boon for trucking companies and owner-operators, ensuring they are paid for all their activities, and reducing the time it takes to get that payment.
DAL to LAX continues to stumble as Freight Futures open mixed to lower
U.K.-based Shipamax has raised $7 million to digitize and automate global logistics back-office functions. The Series A investment was led by Mosaic Ventures, with participation from existing investors Crane Venture […]
PACCAR overcame a slowdown in Class 8 truck orders to report record revenue and earnings in 2019, but fourth quarter results took a hit in both measures compared with a year ago.
Quarantines and factory shutdowns could deepen and extend the traditional Chinese New Year trough.
Group aims to establish common vocabulary to make digital communications easier in ocean freight.
Analyst forecasts tough sledding for freight in first half of the year
Better analytics needed to be a tip of the future spear.
The Stamford, Connecticut-based shipowner agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department’s Office of Foreign Assets Control for Burma sanctions violations.
Customs brokers and express carriers will take “a more active role in monitoring, detecting and preventing trafficking in counterfeit and pirated goods,” the U.S. Department of Homeland Security said.
Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best
Dallas to Los Angeles futures (VDL) stumble in an otherwise positive week for Tucking Freight Futures.
The fourth quarter featured the largest bankruptcy in the five years Haynes & Boone have been keeping track.
More than 80 trade associations urged the House of Representatives to pass legislation that would close a gap of over 700 Customs and Border Protection agriculture specialists in the nation’s ports.
Crowley Maritime Corp., part of Jacksonville, Florida-based Crowley Holdings Inc,. has realigned its marine services organization and introduced new leadership. Crowley Marine Services, part of the company’s shipping group, will […]
C.H. Robinson President and CEO Bob Biesterfeld told FreightWaves that Robinson Labs will develop solutions, both technological and otherwise, for its customers, carriers and Robinson employees.
This week marked the first of what looks to be a tough earnings season. See who reported over the past seven days.
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
Hey hey hey, welcome to the workin’ weekend! We never hesitate to jump right in and hit you with the headlines: TA Logistics claims Celadon was insolvent in late November […]
The pharmaceutical industry loses at least $15 billion of product a year to temperature deviations that force cargo disposal.
Trucking Freight Futures continued to firm on Thursday as bullish fundamentals emerge.
Labor department’s ‘newfound powers’ means new hazards for companies that use independent contractors.
Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.
The railroad eyes slight volume growth in 2020 amid plans for longer trains and reduced headcount.
Covenant Transportation sees significant year-over-year decline in earnings as excess capacity and higher costs persist.
Intermodal struggled while Brokerage also has a strong period.
Truck owner claims his employer and Amazon worked him “like a rented mule.”
Walmart argues that jury took things too literally in awarding back pay to California drivers
Southwest Airlines is the latest carrier to describe how the loss of capacity from the 737 MAX grounding is eating into profits.
Spare aircraft engine dispositions stave off weakened demand for railcars in North America.
Procter & Gamble (NYSE: PG) released its fiscal year 2020 second-quarter results ahead of the opening bell on Thursday. The Cincinnati-based consumer products giant reported $18.2 billion in quarterly sales, […]
Staffing agencies lease drivers to fleets stymied by employment regulations.
National Trucking Freight Futures rise on Wednesday as the East region regains some luster.
Heartland Express’ financial results were worse than expected in the fourth quarter of 2019. That said, a large acquisition shoulders more of the blame than weaker market fundamentals.
To have an edge in the logistics market, it is critical for companies to spot the right talent and retain them in their ranks over a considerable period of time.
Trucking insurance continues to get more expensive. Chris Henry and Daniel Pickett provide information about captive insurance agencies.
Net income falls in the fourth quarter amid a decline in operating revenue and a decrease in rail volumes.
C.H. Robinson is leveraging part of its $1 billion investment in tech to establish Robinson Labs, a technology innovation incubator.
US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.
Strength in the West region nudges National Trucking Freight Futures higher on Tuesday.
Prologis posts solid 2019 results, hikes 2020 guidance
The e-commerce giant won a patent for a theoretical multimodal vehicle designed to deliver and pick up items from online shoppers.
Darren Prokop writes about international trade and the World Trade Organization. Are disputes among member countries being handled correctly?
Rob Moseley is an attorney at Moseley Marciniak in South Carolina. He’s defends trucking companies in the courtroom, and he’s watched as verdicts against trucking companies have been soaring. Is […]
Christenson will focus on scaling UF Europe “at speed and responsibly.”
Asset quality mostly improved but net interest margin compressed by 62 bps.
The department said the shift of certain firearms from the U.S. Munitions List to the Commerce Control List does not decontrol these items but changes the level of export control oversight.
Presidential candidate’s Clean Transportation Plan calls for 15% of new trucks to be pollution-free by 2030.
