Business

As truck-plus-rail becomes increasingly popular, shippers need to find sites where the modes meet.

UPS has partnered with agri-tech company HerdX to ship beef from the U.S. to Japan, while recording its provenance over a blockchain network.

The Deutsche Post DHL Group subsidiary claims its new digital road freight platform is the continent’s first.

Online freight logistics startup Shipwell has made all of its functionalities available through the REST API, which allows companies to integrate all or some parts of the functionalities into their own workflows.

Climate change, electric vehicles, alternative power, terrorism, and regional political conflict are significant risks to Saudi Aramco’s business, according to the company’s initial public offering prospectus.

Singapore stock exchange-listed ship lessor First Ship Lease reported essentially flat revenues for the third quarter of 2019, but it also announced a swing back into profit. A combination of higher revenues and cost cutting delivered the positive result.

A Miami-based customs broker specializing in perishable imports will benefit from access to agency officers for after-hours inspections through the Reimbursable Services Program.

Workhorse Group signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its loss of a year ago.

The National Trucking Freight Futures forward curve indicates a a narrow rate range through 2020.

London-based logistics startup tailored to ease e-commerce returns.

Almost half of fleets are using in-cab video or dash cams as well as a growing number that utilize video services, according to a new survey on fleet’s technology use.

The U.S. Treasury Department’s Office of Foreign Assets Control assessed $210,600 civil penalty against Apollo Aviation Group for violating the Sudanese Sanctions Regulations.

Lori Ann LaRocco’s new book chronicles the tariff war and tracks its impact through trade flows.

AI-powered driver behavior monitoring startup Nauto has launched a real-time, in-vehicle solution that helps reduce driver distraction on the road through targeted alerts and coaching.

Growth from last year’s front loading makes for tough comps, as trade war upsets seasonal patterns.

In 2020, Matson expects to reap approximately $30 million in financial benefits from new vessels and other infrastructure investments.

Demand headwinds for agricultural and transportation equipment were the factors behind Cervus Equipment’s operating loss in the third quarter of 2019.

All may not necessarily be as it may first seem in the world of company earnings. Dry bulk, ocean container shipping and logistics company Sinotrans (HKEX: 598) may not have delivered a Halloween shocker even though its third quarter results were splattered in red ink all over its income statement. One long-short equities analyst was very bullish on the company’s stock despite the seemingly-poor results!

McElroy wants to see a more efficient brokerage industry. He believes competition is promoting that.

Americold posts decent-to-mixed third-quarter results

Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance at Austrian Airlines, Brussels Airlines […]

Between February 2018 and September 2019, U.S. consumers and businesses spent an additional $38 billion on products due to tariffs on Chinese goods, Tariffs Hurt the Heartland said.

Report finds 65% of hemp growers don’t have buyers for their crops.

Seaspan Corp. says there are attractive opportunities to increase the size of its fleet.

Trucking Freight Futures pointing towards an uncertain to negative rate environment.

With profits around the corner, listed shipping companies are reopening the dividend spigots.

A United Nations report concludes U.S. consumers and Chinese exporters are the primary losers in the trade war. Taiwan, Mexico, Europe and Vietnam are net beneficiaries.

Third-quarter revenue fell for the shortline operator.

Market expert Michael Baudendistel writes about whether there is a rail recession, or are railroads paring operations and employees to fatten their bottom lines.

This is another 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 key issues […]

Enterprise supply chain solutions provider LLamasoft has introduced a new taxes and duties analytics service on its platform, which will help companies navigate the complex environment of fluctuating global tariffs while optimizing strategic decisions.

A year after announcing a range of e-trucks for the U.S. market, Volvo Trucks has started selling all-electric models in Europe.

Florida’s largest seaport will use federal funds as part of expansion of its largest marine terminal.

Air Transport Services Group (NASDAQ: ATSG) reported a 219% increase in third-quarter operating profit of $105 million. The outsourced provider of air cargo services for Amazon.com’s Prime network and other […]

Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking markets, domestically and abroad.

Ballot initiatives included a tax on ride-sharing companies in San Francisco.

Global Ship Lease says it focuses on trade lanes responsible for 70% of global container trade and not the big East-West trades.

Trucking Freight Futures mostly unchanged on Tuesday in quiet trading session.

GE [NYSE: GE] on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will continue as head of GE […]

Evan Efstathiou has just bought his way into the maritime tech landscape.

One of the biggest U.S. shippers put increasingly tough terms on carrier, leading to lawsuit.

The NCBFAA, which represents the customs brokerage industry, has become increasingly upset with the management at the Customs and Border Protection-contracted test sites and the way applicants are treated.

Roadrunner’s third quarter earnings report resembled a triage list indicating that the company’s restructuring path will be a bumpy one.

COSCO Shipping Energy Transportation (HKEX: 01138; SSE: 600026) has shrugged off U.S. sanctions on subsidiary companies to report a huge jump in revenues and a massive surge in profits.

Titanium Transportation Group sees weaker trends in the quarter, but manages to post a modest profit.

Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.

Throughout the Digital Age, this data-focused global trade company has found new ways to make data useful.

The October Logistics Managers’ Index hits record low, suggesting peak shipping season may disappoint.

The costs of operating a for-hire Class 8 truck rose 7.7% in 2018, the biggest jump since 2010. It is the highest per-mile cost since the American Transportation Research Institute began tracking the data in 2008.

Cooper Tire & Rubber Co. (NYSE:CTB) recently announced a plan to increase ownership in its joint venture tire plant in Guadalajara, Mexico, from 58% to 100%. The Findlay, Ohio-based company […]

Shipping liquified natural gas by rail is a controversial topic. Read what Jim Blaze thinks about the idea in his latest commentary.

Roadrunner continues to restructure its operations by shuttering another unit. The company announced that it was selling its intermodal operations to Universal Logistics.

Travel Centers of America reported stronger profits and sales for the third quarter as it added locations and sold more fuel at higher prices. Watch for International House of Pancakes restaurants to begin to replace TA’s Iron Skillet and Country Pride eateries.

North America has surpassed North Asia (China) as EXPD’s highest revenue region.

On October 29, Bloomberg published an article by Dina Bass, “The ‘Uber for Trucking’ Tries to Navigate Some Uber-Scale Problems.” That was followed by Craig Fuller’s article, Is winter coming […]

Truck parking is not only a safety issue, but also an issue of driver rest. Reliance Partners, along with TruckPark, is exploring how truck parking reservation systems could help drivers get better rest and improve roadway safety.

Connecting the Alaska Railroad with rail service in Canada and the U.S. is a bold, expensive plan. But it would generate tremendous benefits. Read more here.

Teknowlogi uses artificial intelligence models to analyze data in real-time and also advises executives on ways to improve efficiency and maximize process automation.

Gildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from Arizona. “As we looked at […]

The restructuring is keeping 2,500 jobs in place.

Danaos expects in 2020 container trade demand growth will outpace supply growth for the first time in almost 10 years.

It’s an income statement of two halves for COSCO Shipping Development, which both leases container ships while also making and leasing ocean shipping boxes. Revenues fell off a cliff. But COSCO Shipping Development was able to protect its bottom line by slashing costs. Profits surged.

Uber Freight sees loads more than double on a year-over-year basis, but the division’s losses increased as well. Investors will now likely mull over these results as the company’s stock lock-up expiration approaches.

False submission of shipment information in the U.S. government’s Automated Export System helps sink scheme to smuggle military-style inflatable boats and engines to China, according to officials.

After Friday’s trading session, volatility appears to be creeping back into the Trucking Freight Futures market.

Lower operating expenses helped to increase profits.

Truck maker TRATON Group S reported higher revenue and profit for the first nine months of the year, but warned of a tougher 2020 with an accelerating slump in orders and global economic uncertainty.

U.S. Customs and Border Protection officers at the ports keep watch for untreated wood packaging in cargo shipments to prevent the spread of wood-boring pests.

With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by new freight capacity marketplaces?

An exclusive interview with Greece’s Ioannis Martinos on what’s next for Signal Ocean.

Story updated 11/42019, 2:45 p.m. Canadian overnight air cargo provider Cargojet [TSE: CGJTF] increased its third-quarter adjusted pretax earnings by 24% to C$39.1 million ($29.7 million) compared to the same […]

Blockchain as a decentralized and immutable ledger can help stakeholders within fashion supply chains to improve trustability, reduce counterfeit products and increase labor equality across the horizon.

Supply chains are now more susceptible than ever to macroeconomic trends and the rise of consumer expectations in the context of last-mile delivery. To alleviate impact, businesses need to pursue visibility and operational transparency as top priorities.

Hong Kong Stock Exchange-listed ocean carrier Pacific Basin (HK: 2343) will issue US$175 million (approximately HK$1,371 million) of non-amortizing unsecured convertible bonds to boost its balance sheet while growing and renewing its fleet.

Logistics real estate developer ESR Cayman (HK: 01821) roared into public life on Friday when it floated on the Hong Kong Stock Exchange. It was the second-biggest IPO of the year in Asia.

Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.

Commerce secretary says talks on foreign automaker investment in the U.S. may again delay imposition of tariffs on imported vehicles.

FreightTech venture investing is red hot right now, with the industry attracting more capital than ever. Will this end?

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Appetite for avocados is fueling violence in Mexico; Hyundai picks Claudia […]

Caterpillar Inc. notified 120 workers at its Victoria, Texas, facility that they will no longer have a job effective, November 1. Company officials said “market conditions” are the reason for […]

U.S. Customs and Border Protection said importers of tobacco from the southeast African country must demonstrate the goods are not in violation for clearance.

New freight indices provide visibility on potential earnings premiums of scrubber-equipped vessels.

Ben Thrower’s commentary on whether we are approaching “peak car” will make you think about the present and the future…

ExxonMobil, Chevron, and Royal Dutch Shell reported earnings this week: we discuss the implications for freight.

American Airlines [NYSE: AAL] won’t have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase […]

Andy Peters writes about developments in industrial real estate used for logistics and transportation.

Spot month Trucking Freight Futures rates rise Thursday as futures contracts roll over to November.

ArcBest posts weak third quarter numbers for asset and non-asset units

U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.

ItsMyCargo is a German technology startup that is looking to sell software to traditional maritime freight forwarders who can use technology to compete against recently launched digital freight forwarders.

A leading economist on the question of driver economics will join us on FreightWaves Radio.

Ben Thrower writes about the positive and negative aspects of precision scheduled railroading in this commentary article.

Convoy is now offering direct-from-shipper loads on its platform, giving carriers many more choices for hauling freight.

Investments in two AI companies in the past five years made Transplace’s optimization more powerful.

The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.

Container leasing company Textainer said a traditional peak season did not materialize in 2019.

Add USA Truck to the list of carriers finding themselves struggling to find their way in a soft freight market. The carrier found itself forced into the spot market to find freight for its trucks after making an acquisition just a year ago.

“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.

Spot month futures contracts eerily quiet approaching Halloween expiration.

“This is a smart move by both Fiat Chrysler and PSA to ensure their companies continue to be viable and relevant as the industry evolves.”