Continental AG is looking to rapidly restructure its workforce and phase out production plants to catch up with new-age mobility options like electric and connected vehicles.
In what appears to be a trend, another transport and logistics company has reported a weak overall year-to-date but with a steeper downward dive in the third quarter. Retail logistics specialist LBC Express revealed a small loss in the third quarter of the year against a background of rising revenues.
Lorenzo Shipping took drastic action to begin stemming its losses. But the emphasis is on “begin”. There’s still a long way to go, as Lorenzo is currently on track for a multi-million dollar loss
Proposal could undercut “hundreds of millions” spent on connected-vehicle infrastructure
Democratic candidate Andrew Yang also proposes a $1,000-a-month “universal basic income” for workers displaced by automation.
API, or application programming interface, may soon become a common three-letter word in the air cargo space by making the booking experience similar to shopping on Amazon.
Chainyard’s blockchain solution responds to a common pain point: qualifying hundreds of carriers is a convoluted and inefficient process.
Los Angeles sparks a fire in the Trucking Freight Futures markets on Tuesday.
ZIM reported a $5 million profit in the third quarter of 2019, saying it benefited from its cooperation with Maersk and MSC.
U.K.-based yacht builder Sunseeker is in advanced negotiations with DHL Supply Chain to help with its logistics operations.
Brian Aoaeh writes about changes in the energy/fuel mix over the next 30 years in developed and developing economies.
Target Corporation (NYSE: TGT) saw its stock surge after the retailer reported sales growth and traffic surges for both its physical stores and its digital offerings.
Cargo rate platform adds “deep link” to Maersk’s booking portal.
U.S. Customs and Border Protection said optical lenses manufacturer Satisloh used false descriptions, tariff classifications and duty rates on its import entries for certain machinery and parts.
Lowe’s announces plans to make leadership changes and close 34 stores in Canada. The home improvement retailer increased earnings guidance for fiscal 2019.
The survey covers just the states of the Southeast but the numbers are still sobering,.
Some trucking companies that haul overweight loads say they were unable to obtain permits on Nov. 18 because of a ransomware attack that crippled many state agencies in Louisiana.
Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.
Fortune has taken a decidedly downward trajectory for Indonesia-focused dry bulk ocean carrier Seroja, which saw a dramatic decrease in profitability in the third quarter of 2019. But that won’t worry the company – it has just agreed to sell its entire business for $32 million.
NTSB advises Uber and regulators overhaul AV testing policies.
Pilot Flying J is targeting small trucking fleets with a new fueling network aligned with brands like Marathon Oil’s Speedway commercial fueling locations. It expects to have 250 outlets by the end of 2020.
Bill would require DOT to make assault and harassment incidents publicly available.
Trucking Freight Futures markets were quiet on Monday as traders focused on the South.
Jim Blaze writes about the Alameda Corridor in Los Angeles, that takes some of the freight from the harbor to distribution centers. Is it still economically viable?
Tata Steel is suffering from declining steel demand in Europe, brought about by an economic slowdown and uncertainties revolving the U.K. general elections and Brexit.
The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary spending remains steady.
Hydrogen fuel cell electric truck startup Nikola Corp. is touting a high-storage battery that could increase the current range of electric passenger cars from 300 to 600 miles with no increase in battery size.
Digitization and ecommerce continue to change the movement and delivery of freight. Kayla Matthews examines the issues involved.
Basu said Ondiflo’s “biggest success” was that 65 drivers used the app and they only trained seven.
A look back at the colorful history of the transport of beer, wine and spirits via oceangoing tankers.
Freightquote by C.H. Robinson brings Robinson’s information advantage, capacity, and technology to small businesses.
The new center at Cologne-Bonn Airport will help meet rising demand for express e-commerce shipments.
The cosmetics industry uses mica in large quantities, which is predominantly sourced from illegal mica mines across India, where child labor is rampant.
COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.
Already the largest cold storage warehouse company, Lineage Logistics is reportedly buying Emergent Cold.
The department’s extension of the temporary general license gives U.S. companies another 90 days to continue their business activities with the Chinese telecom.
Third-party transportation and logistics provider MODE Transportation has acquired SunteckTTS for an undisclosed amount. The combined entity is expected to generate $2 billion in annual revenue.
Meet David Faulkenberry, FreightWaves final mile market expert, who joins the company’s deep bench after a storied career at XPO Logistics, 3PD, HomeDirect, GeoLogistics and more.
U.S. Customs and Border Protection said the enhancements, to be rolled out over three phases through the rest of this year and 2020, pave the way to retiring legacy truck manifest application.
Volatility began creeping back into the Freight Futures markets on Friday.
U.S. Customs and Border Protection will use the industry’s comments to refine its Section 321 E-Commerce Data Pilot.
The new 40,000-square-meter center is the size of five football fields and has a sorting capacity of 50,000 shipments per hour.
A truck parking fees scam has landed former logistics supervisor Chow Chi-yeung, 42, of Hong Kong, with a sentence of 160 hours of community service.
Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.
In cargo transportation, there is a distinction between screening and inspection.
Talks have been ongoing for seven months. Staffing levels appear to be a key issue.
Australia’s unfinished trucking reform business; brake-maker converts creditors into shareholders; toll road operator in big debt reissue; controversial logistics software provider GetSwift fights on
Thinking of technology as static is like buying 100 trucks and running them for 30 million miles — something you set once and forget., according to CarrierDIrect CEO Peter Rentschler.
Trucking Freight Futures continue to be bogged down in a directionless and low volatility cycle.
Enterprise resource planning will bring changes to supply chains in 2020. Kayla Matthews points out several technologies that will gain greater acceptance and use in 2020.
HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.
U.S. poultry producers eye more than $1 billion market potential for China after being shut out for five years.
“Automation may not be a threat to lawyers; it might be a threat to young lawyers,” Shane Orians said.
The events of the recently completed FreightWaves LIVE event will be “center stage” on this weekend’s edition of FreightWaves Radio. Tune in to this Saturday’s show from 3-5PM to hear […]
Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.
U.S. Customs and Border Protection officers in Philadelphia discovered the counterfeit rings potentially valued at $562,000, if genuine, in an express shipment manifested as a “box” valued at $14.
Judge agrees that evidence of use of rate quote software in pricing was not included in first trial.
The former chief customer officer for YRC Worldwide will work with 8VC portfolio companies full-time.
Focus on profitability over market share bears fruit for Danish container shipping giant.
India’s largest commercial ports operator, Adani Ports, reported a substantial increase in its company and port-segment revenues. Company and port-segment profits have also markedly increased.
Freightos, the world’s largest freight marketplace, sees transparent pricing of international freight benefiting shippers and forwarders alike.
Lack of volatility on Wednesday keeps the Trucking Freight Futures markets generally flat.
Jim Blaze writes about the North American railroads KPIs, and what the railroads need to do to increase railcar use, revenue and shipper loyalty.
Proposal is part of $1.3 trillion infrastructure plan
USPS sees fiscal 2019 shipping volumes stagnate as it posts massive net loss for year
The world’s largest retailer, Walmart, reports quarterly results ahead of expectations and raises its earnings outlook for fiscal 2020.
Brian Aoaeh writes about ongoing efforts to fight food waste by improving food supply chains.
Digitalizing roadside assistance will help customers get quicker service, while service providers and garages/repair shops can track progress in real-time to ensure high customer satisfaction.
This is the final installment in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large John Kingston discussed several […]
Real estate is benefiting from the growth of e-commerce, where the supply chain is evolving from a cost center to a revenue generator.
New Jersey is the newest battleground for motor carriers that use owner-operators, as the state Senate takes up legislation aimed at limiting what workers can be considered independent contractors. On […]
Rusnak conducted the most substantive machine learning in logistics presentation this writer has seen,
Hospital supply chains overspent to the tune of $25.7 billion in the 2018-2019, study finds
Pan Ocean, a mixed-fleet ocean shipping carrier, reported a double-digit revenue decline but experienced a double digit surge in profits in the third quarter of 2019 when compared to the third quarter in 2018.
Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same period last year. But the […]
Trucking Freight Futures remain quiet on Tuesday as the markets look for fundamental drivers
Lean Tech brought the Wolf of Wall Street to FreightWaves LIVE.
In a recent auto awards function in Germany, Elon Musk outlined Tesla’s plans of setting up its fourth Gigafactory in Berlin.
Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share “losers”, says Alphaliner.
Boston’s freight move thru New York? No suh, because the Hub is best served by its own.
Founded by Dan Lewis, CEO, and Grant Goodale, CTO, in 2015, Convoy has closed a $400 million Series D round of funding, bringing total funding to $668 million to date and valuing the company at $2.75 billion.
Brexit-driven scramble for supply chain properties continues as Tristan plans $165 million investment in Dutch logistics platform.
It’s a largely good set of third-quarter results for the Philippines-based but globally operating container terminal operator ICTSI. “Strong financial performance,” says President and Chairman Enrique K. Razon. On a nine-month basis, the growth surge is pronounced.
The Uberization of Freight has come to mean many things, but to Uber Freight Senior Director Bill Driegert, it means relieving pain points for carriers and shippers.
Radiant Logistics posts a good quarter, but warns that peak shipping season isn’t shaping up heading into the holidays.
Trump administration divvies up 55 BUILD grants among 35 states
A study released by autonomous truck startup Ike suggests that instead of eliminating jobs, some approaches to automation shift the task from long-haul to short-haul jobs for drivers.
Trucking Freight Futures Markets were little changed with light holiday interest.
Risks based on cargo moving through Los Angeles/Long Beach ports
NEXT Trucking is following a path that many FreightTech companies are also navigating, and it believes that its drayage solution will ultimately help truck drivers make $1,000 a day and be home at night.
Daseke, Inc. reports a large loss amid operational restructuring and weaker flatbed demand. The company announces new initiatives as its reorganization continues.
The broader issue for Carbo is the weak oil and gas market that has impacted the oil patch.
Connectivity is crucial to success in trucking. Darren Prokop writes about various aspects of connectivity that make trucking more transparent and efficient.
Deutsche Post posts decent third-quarter results despite weak global macro environment
MIT-incubated start-up looks for learning models; just what food truck do you like?
Moving oil rigs and oil-drilling equipment is not for the faint of heart. Every niche industry presents unique supply chain challenges, but oil rig transporters said few jobs are as […]
John Lewis will now use carbon-neutral renewable biomethane to power hundreds of its delivery trucks by 2021.
Ocean shipping terminal operator Westports of Port Klang, Malaysia, has reported a surge in third quarter revenues and a jump in profit before tax. Analysts are… less than impressed.
Evergreen Marine said third quarter operating income was 11 percent higher than in the same 2018 period, but profit from continuing operations plunged.
Ten of eleven Trucking Freight Futures markets finish week of November 8th lower.
