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.”
The rise of e-commerce and the evolution of customer expectations on delivery schedules have propelled the last-mile segment to be more reactive to demand and highly digitalized.
Microsoft recently announced a $1.5 million investment in Ciudad Juárez, Mexico, to help expand companies in the manufacturing sector on both sides of the U.S.-Mexico border. The investment is part […]
Investing in a TMS requires more than just buying an off-the-shelf product. It requires thought, analysis and the right investment to ensure that you buy today is what you need tomorrow.
Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.
The U.S. Justice Department said Peter Sotis, former owner of Florida-based Add Helium, is accused of smuggling rebreather equipment without an export license to the war-torn country.
With the bulk of its final mile business shuttered and its tractor fleet right-sized, management believes that the company is on solid footing to see improvement in 2020.
YRC’s third quarter earnings show weakness at regionals, some resiliency at YRC Freight
Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.
Charley Dehoney has an insightful take on hiring entry-level talent in the logistics industry. He writes about how to successfully hire – and keep – that talent.
FreightWaves’ articles now include audio recordings, so you can listen to an article in addition or instead of reading it!
The rail equipment and technology manufacturer sees international opportunities as an area for business to grow.
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 […]
FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.
Mitsui OSK Lines (MOL) recorded a major drop in revenues in the first half of its financial year as container earnings fell off a cliff and the U.S.-China trade war took its toll. But MOL was able to limit damage to operating profits.
Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were down. But box volumes rose. And analysts are bullish on the stock.
While Hub Group reported a
good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn’t see a peak season coming in 2019.
Ecosystems of entrepreneurship are popping up in cities across the United States. Innovation is no longer exclusive to Silicon Valley.
Trimble misses revenue estimates for third quarter of 2019.
But the ride-hailing company still posted a net loss of $463.5 million.
Donaldson hopes to release this solution in 2020 for commercial trucks, which will increase visibility for fleet managers and ultimately save money.
The PACT Act closely mirrors the unsuccessful Graham-Van Hollen Turkey Sanctions Bill in the Senate.
Spot month Trucking Freight Futures contracts are generally quiet approaching expiration.
Heartland Express continues to perform. The carrier posts another solid quarter in the face of a “softer” environment.
ElasticRun is an Indian logistics startup that connects convenience stores within specific regions and relays goods between them based on demand and lull times.
Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from a labor dispute with its […]
Orbcomm, Inc. (NASDAQ: ORBC) sees its shares sell off after its quarterly report. The company’s transition to subscription service, and the accompanying delay in revenue, appears to be weighing on investor sentiment.
Backers seek to put ballot initiative to state voters with aim to redefine independent contractor drivers.
Saia withstands, as best as it can, a weak macro to post decent third quarter results
Brian Aoaeh writes about threats to supply chains from cyber attacks and the need for increased cyber security.
Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.
One way to control supply chain costs is to regularly audit your logistics operations, but doing so, and doing so correctly, are two different things.
Analysts now want CHRW to cut costs.
French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.
Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr – the most powerful storm ever in that sea-space. However, local sources advise that shipping through a globally critical oil chokepoint, the Strait of Hormuz, is unaffected.
Bill Driegert discussed both the Canadian and Polish expansions.
Hutchison Port Holdings Trust (SGX: NS8U), a Singapore Stock Exchange-listed container terminal operator active in Hong Kong and mainland China, has reported a small decline in unaudited revenues for the nine months to September. That led to a 5% fall in profit after tax.
Hong Kong Stock Exchange-listed ocean container carrier SITC (HKEX: 01308) has reported increases in its unaudited third-quarter results despite a global trade slowdown and the China-U.S. trade war. SITC’s container revenues and volumes have both increased.
CAI International Inc. (NYSE: CAI), a leading container-leasing and logistics company, said it had modest year-over-year growth in revenue from continuing operations in the third quarter but that it had […]
Daimler Trucks North America, the industry sales leader, is not sweating the loss of big chunks of heavy- and medium-duty market share trucks through the first nine months this year.
Biesterfeld: “We expect that North American routing guides will continue to reset at lower prices.”
The news this week that Hyundai Motor Company is planning a hydrogen-powered tractor for global markets, including the U.S., could be the beginning of a larger presence for the company into North America.
Airline’s Pacific and Atlantic routes hardest hit as trade wars continue to take a toll on air freight volumes and yield.
Indiana-based Cummins Inc. (NYSE: CMI) reported third quarter total revenue of $5.77 billion, a decrease of 3% from the same quarter in 2018. North America revenues decreased by 6%, while […]
Sandeep Kar writes about how the ELD mandates in the U.S. and Canada are changing the trucking landscape.
The Los Angeles to Dallas spot contract (VLD) weighed on the South region, dragging National Trucking Freight Futures lower on Monday.
Charley Dehoney writes about Amazon’s impact on software programming, and how it is using lessons from Amazon Web Services to logistics and its other business lines.
Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.
InstaFreight is a digital forwarding company that enables seamless logistics and provides shippers with greater visibility into road freight movement.
Jim Blaze writes about Conrail Shared Assets and its accomplishments on behalf of CSX and Norfolk Southern.
Canadian e-commerce company plans to scale its nascent U.S. Fulfillment Network in 2021, leveraging third-party warehouses and a robot-enabled platform from recent 6 River acquisition.
Ryder expects used truck prices to continue deteriorating in 2020.
A telematics-based pay-as-you-drive program from Daimler Trucks Financial could help trucking firms on the financial brink because of high lease payments and insurance premiums.
Tech-enabled last mile is still in early innings, and there are a number of competing strategies.
Fewer cargoes, lower freight rates, higher fuel costs and the consequences of operating a smaller fleet during a time of a slowdown in world trade has led intra-Asia specialist, Samudera Shipping (SGX: S56 / SAMU.SI), to report a net loss for the third quarter of the year.
Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.
XPO Logistics stays ahead of macro weakness as net income, EPS jump in q3
Growing source of U.S. containerized goods imposes navigation restrictions due to sunken boxship.
Hyundai has unveiled a fuel-cell powered Class 8 truck, the HDC-6 Neptune, that it plans to launch at an undisclosed time in the future. It will be a global truck for multiple markets, including the U.S.
Automaker reducing output and laying off about 450 workers at Oakville, Ontario, facility as its phases out Ford Flex and Lincoln MKT models, adding to woes of Canada’s auto sector.
Volatility returned late last week in the West and South Trucking Freight Futures markets.
The U.K. was scheduled to leave the EU on October 31, but now has until January 31, 2020 to get a deal approved by Parliament.
Forager, a Chicago-based cross-border freight brokerage, announced the official launch of its new technology, SCOUT. The instant pricing and booking technology brings on-demand pricing and capacity to the United States-Mexico-Canada […]
Francis Alvarez, who operated a forwarding service in Houston, faces a maximum of 10 years in prison and a $1 million fine for violating the Sherman Act.
Roadside inspections can be a scary proposition for drivers, and it’s obvious why. Even simply mistakes or misinterpretations of regulations can lead to drivers and fleets being penalized. Because of this, it’s more important than ever to provide proper training and coaching for drivers.
ZF is moving full speed ahead as it builds out its electrification and e-mobility platforms and believes its proposed acquisition of Wabco will allow it to offer full-system solutions to commercial vehicle operators.
When Jim Handoush was growing up, he thought he was destined to work for Apple, which was in its infancy at the time. Today, Handoush doesn’t work at Apple, but is now helping guide the ship for another startup that is hoping to be just as disruptive.
Austin, Texas-based centralized freight platform Shipwell raised $35 million of venture capital funding from a consortium of investors led by Georgian Partners of Toronto, Canada.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s government nears legalizing marijuana; U.S.-Mexico sugar trade agreement in limbo; […]
Camera monitoring systems could eventually replace bulky exterior mirrors on Class 8 trucks. Stoneridge Inc. and Robert Bosch are the only two suppliers deep into the safety and fuel-saving technology so far.
Officials in Mexico recently authorized the transport of non-radioactive hazardous materials across the World Trade Bridge between Nuevo Laredo, Mexico, and Laredo, Texas. The approval applies to low-risk hazmat waste […]
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.
“This new humanitarian mechanism will help international companies that seek to engage in permissible humanitarian trade with Iran to ensure that they do not run afoul of sanctions,” Treasury Secretary Steven Mnuchin said.
All remained quiet on Thursday as Trucking Freight Futures spot contracts near expiration.
FreightTech 25 winners will be interviewed live, and attendees will get to hear commentary on the state of the industry and the recession, as well as the outlook for 2020.
Orient Overseas Container Line (OOCL) said both container volumes and revenue were higher in the third quarter this year than in 2018.
