Business

P.A.M. Transportation Services calls out GM strike as the primary reason the carrier failed to meet earnings expectations.

Surgeons save lives, but it is often the transportation and logistics companies working behind the scenes that make their jobs possible.

Knight-Swift Transportation lowered its third and fourth quarter 2019 guidance amid intermodal and truckload woes. However, some analysts find this as a reason to celebrate.

FreightWaves finds growing evidence that manufacturers and distributors are transferring operations from the U.K. to northern Europe.

The Trump administration takes aim at financial assets of Turkish government agencies and officials linked to military strikes in Syria, but Congress may legislate broader sanctions in the days ahead.

Motiv Power Systems, which converts medium-duty trucks from gasoline to run on zero-emission electricity from batteries, is getting $60 million in equity funding from Winnebago Industries Inc. and a private holding company in Colorado.

Although Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding.

Maritime carriers are leaving up to US$110 on the table every time they carry a box, according to research from startup MizzenIT. And that means ocean carriers could be missing out on hundreds of millions of dollars a year simply by not charging the right price.

The announcement by President Donald Trump not to increase tariffs on $250 billion in Chinese imports to the U.S. and boost U.S. agriculture exports did not address other structural issues.

Fisher is excited to see advancements in technology increase supply chain visibility and value creation.

Market Voice Darren Prokop writes about automation at ports and the progress – and disruption – that will bring.

Petitions must be filed to the U.S. International Trade Commission by no later than Dec. 10 to be considered for inclusion in the next miscellaneous tariff bill.

Trucking Freight Futures in and out of Los Angeles on Friday strengthen on US-China optimism.

NCBFAA generally supports Customs and Border Protection’s goal to protect against illicit importers but said the agency’s proposed importer verification rule has “grossly miscalculated the cost” to customs brokers.

Now Goldman thinks that ISM data won’t turn positive until Q2 2020.

American Cross-Dock & Storage recently announced it was doubling its warehouse space near the Port of Houston, one of the fastest growing U.S. container ports.  The company has entered into […]

Maersk subsidiary looks to fix congestion that had been widely cited in 2018 front-loading.

Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers are poorly placed ahead of annual contract negotiations, says Drewry.

Big air trade drops with major trading partners leaves industry looking for backfill

More companies are making the shift from on-premise Oracle Transportation Management (OTM) to a cloud-based OTM, because it helps reduce IT infrastructure and support costs.

The trucking industry and its supply chain rank fifth among all businesses at risk of cybersecurity attacks as the number of possible threats against the transportation sector has grown 100-fold in just four years.

Freight volumes in and out of Japan’s busiest port, the Port of Tokyo, have declined in the first six months of 2019 compared to the first six months of 2018, new comprehensive data shows.

Noel Perry heads Transport Futures in Harrisburg, Pennsylvania. In addition, he heads Transportation Economics, a consulting company focused on strategy, market research and forecasting for the North American freight transport […]

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Halliburton lays off 650 oil and gas workers; DHL expands cross-border […]

Law firm Benesch warns legislation will likely raise costs but carriers have options.

Significant gains expected from real-time kinematics for the port logistics and trucking industry.

An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.

It has been a dramatic week in Australian trucking: strip club bus-truck crash; nine months of jail; massive infrastructure works; trucker death; call for mandatory brakes; beer crates. And more!

The company employed 540 drivers and was Camping World’s primary delivery service for RVs

“Finally, a ray of hope for the U.S.-China trade relationship,” said Myron Brilliant, U.S. Chamber of Commerce’s head of international affairs.

The Boeing Co.’s [NYSE: BA] board of directors late Friday afternoon replaced Dennis Muilenburg as chairman with independent director David Calhoun, but kept him in place as chief executive officer. […]

Letter Ride LLC, a delivery service provider for Amazon, is cutting 423 positions at facilities across Texas. The company is eliminating jobs at its facilities in Austin, Dallas, Fort Worth […]

Earnings estimates continue to be cut by equity analysts, however their outlook for the stocks is positive.

Philadelphia to Chicago futures (VPC) rise on Thursday as market continues to focus on trade flows.

The Graham-Van Hollen sanctions bill would cut off Turkey from U.S. military equipment and parts, as well as target foreign support of the country’s oil and gas production used by its armed forces.

Accurate data and careful analysis enable fleets to reverse the trend of lower miles between unscheduled repairs.

Port of Los Angeles container volumes dipped in September and its executive director called for a negotiated settlement of the U.S.-China trade ware.

Medical marijuana firm AMP will be pursuing a European Union Good Manufacturing Procedure (EU-GMP) audit to ensure quality and integrity of its pharma goods from the supplier to the German patient.

The Backhaulers, Robinson, and Coyote veteran is back to build a brokerage on his own terms.

Renowned logistics analyst explains how Brexit will impact cargo flows, liner shipping calls and European supply chain planning.

Confidence elevated after Trump decides to meet with Vice Premier.

British billionaire James Dyson has abandoned his dream of building an electric car.

Since 2018, Revel has expanded its fleets into Brooklyn, Queens and Washington, D.C. and plans to reach 10 cities by 2020.

The company is the first to release a safety assessment before testing vehicles on public roads.

Fundamentals continue to drive strength in the East regional freight futures markets.

SkyBitz has introduced a new sensor with camera that tracks available space and the condition of items inside a trailer. (Photo: Jim Allen/FreightWaves)

Customs brokers say a permanent extension of the 2017 Craft Beverage Modernization and Tax Reform Act would incentivize Customs and Border Protection to automate the tax refund process.

European logistics giant could bring its famed, eco-friendly distribution centers to North America as its global expansion continues

Updated: 3:41 p.m. Correction: Cargo revenue dropped 17%. Representing $37 million less, not 37% drop. Delta Air Lines’ cargo revenue dropped 17% to $189 million in the third quarter and […]

With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail’s bottom line?

The Swedish autonomous electric truck startup Einride closes a $25 million Series A round.

Deutsche Post-owned EV major StreetScooter has announced plans to expand to the U.S. market, commencing pilot tests early next year with DHL Express.

This is the first 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 […]

Asian merchant shipping and major drinks manufacturers are responsible for an increase in the amount of plastic bottles found in the world’s oceans.

Körber Logistics, the investment and logistics arm of tech conglomerate Körber of Hamburg, Germany, has acquired a majority stake in the warehouse autonomous logistics robot installer and consultancy Cohesio.

A veteran investment banker in the transportation & logistics sectors, Larkin changed his focus to private equity.

The United Auto Workers (UAW) strike against General Motors (GM) continues to take a toll on its  Mexico-based facilities. GM announced October 7 it was temporarily laying off 415 workers […]

The visibility solution takes workload off the brokers and Smart Capacity lets them cover freight faster.

American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded the plane for safety reasons. […]

Customs and Border Protection officers said the counterfeit footwear, which was recently seized at the L.A./Long Beach seaport complex, was mis-declared as “napkins.”

Since writing about the challenges ahead for food supply chains, I have been thinking about how perishable foods and other items are transported from one part of the world to […]

The American Trucking Associations urges a federal fuel tax increase to pay for infrastructure improvements, but ATA President Chris Spear sees that approach evolving in the next decade.

Freight futures looking beyond the East region for some direction on Tuesday.

The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared to 2.4% the month before. […]

Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.

Houston still the main gateway for resin shippers, but other Southeast ports growing as well.

Brokers will be able to offer core carriers guaranteed freight and rates at the click of a button.

Prologis, the global leader in logistics real estate, has joined the Blockchain in Transport Alliance (BiTA).

Rush Enterprises Inc. (NASDAQ: RUSHA) recently announced the appointment of Elaine Mendoza as a new independent member of its board of directors. Mendoza becomes the first woman to be on […]

Users of Axele by Optym now have access to Truckstop.com’s loadboard within the Axele system thanks to a new integration.

New third-party logistics firm to take over yard and warehouse that handles ‘considerable’ freight.

Plus.ai partners with the Minnesota Department of Transportation to see how its self-driving trucks perform in cold weather.

“This new module will make it easier for Commerce and CBP to monitor and uphold our trade laws,” Executive Assistant Commissioner Brenda Smith of CBP’s Office of Trade said.

The Indian economy is crumbling on the back of an engineered crisis brought on by current government through measures like demonetization, a botched attempt at unifying the country’s tax system, and economic reforms that stifled consumerism.

Matt Silver wants to automate cross-border freight; an industry that many find difficult to manage.

SMC3 has set its sights on providing data services to truckload after decades of serving LTL exclusively

Atlanta market freight futures strengthen on Monday as a result of trade flows.

Jim Blaze writes about the competitiveness of railroads vs. trucks and the railroads’ lack of interoperability.

The Commerce Department said the Chinese government and commercial entities added to the export control list participated in human rights violations against China’s Muslim ethnic minorities.

The association, which represents the country’s customs brokers and freight forwarders, seeks better engagement between Customs and Border Protection and industry software vendors.

Elena Bernardo strayed from a “super safe” career to one that put her on the front lines of technological innovation.

The American Trucking Associations is gearing up to fight against multimillion-dollar legal awards against truckers and their employers who are not at fault but blamed in many car-truck crashes.

Volatile start to Freight Futures last week ends quietly; Regional trends emerge.

The Motley Fool discovers last-mile logistics. IMO 2020 will impact logistics warehousing footprint, JLL says

At the center of the Trade War between the U.S. and China are the American ocean ports.

Spanish capital Madrid is working on a blockchain-powered transport application that unifies all mobility systems across the city and provides high levels of data security to its users.

Motor carriers and commercial drivers agree on just four of the Top 10 challenges facing the trucking industry, according to the American Transportation Research Institute’s annual study.

Reckless e-scooter riders were penalized by the German police for drunk driving in Munich as they left the world’s largest beer festival Oktoberfest.

Comdata has released a new dashboard that will help fleet managers quickly identify and manage fuel spend.

List of titles that founders in the FreightTech revolution should consider

For decades, the European freight rail system has had no major upgrades with regard to axle load capacity, train length or car vertical height.

In this week’s Down Under Trucking – death by reckless driving; hill driving; trucker fired; police shoot tow truck thief; logistics industry urges government to ramp up!

From blockchain to 3D printing, new technologies have the potential to green the supply chain across industry sectors.

Bird CEO Travis VanderZanden said that for the past year, positive unit economics has been Bird’s top priority for a sustainable long-term business. This is an ideology that departs from that of many startups and emerging companies whose focus seems to be on top line growth and revenue building.

National futures forward curve points to potential economic trouble ahead.

Walmart graduates first class from in-DC supply chain academy

Traxens says the new standard will facilitate growth in smart container usage.

Self-driving cars from a U.K. startup Oxbotica took to Stratford’s streets earlier this week, successfully wading through traffic and proving itself safe to navigate in an urban setting.

The Government Accountability Office found that Treasury, State and Commerce agencies, which administer U.S. economic sanctions, lack the ability to definitively measure their effectiveness.

The Baltic Exchange has been unrivaled in its creation of indices for dry freight futures. That may be about to change.