Business

The rail equipment manufacturer said it delivered record railcar deliveries in the quarter.

RMIS fulfills 97 percent of requests for insurance certificates within a minute.

Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of impropriety and asserts J Capital is simply “wrong.”

South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.

Forward Air management guided for negative EPS growth in the fourth quarter.

Correction: The story has been updated with correct figures for cargo revenue. The original story said cargo revenue increased 9% to $60 million, but that line item covers cargo and […]

General Motors strike, a personal injury lawsuit and soft freight market drive across- the-board losses.

Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.

Canadian and U.S. trucking units continue to squeeze revenue and profits from uneven freight market as LTL and last-mile deliver uneven performance.

Amazon.com. Inc. (NASDAQ:AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46% surge in worldwide shipping costs […]

Trinity Industries Inc. (NASDAQ: TRN) reported third-quarter net income of $49 million and earnings per share (EPS) of $0.39, compared to net income of $27.9 million, and EPS of $0.19 […]

Trucking Freight Futures relatively unchanged in quiet Wednesday trading session.

The U.S. Department of Commerce has opened an inquiry into whether companies are circumventing anti-dumping and countervailing duty orders on steel rebar from Mexico by bending the product “at one […]

The container leasing company Triton International said it had “solid” financial performance in the third quarter despite weak leasing demand since last fall.

Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions and higher costs from labor […]

Lost in the US-China’s trade war’s impact on imports is the devastating effect on US exports

Among the resistant 30%, reasons to avoid dash cams range from protecting driver privacy to the fear of driver turnover.

Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.

The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.

Daimler AG reported high sales and earnings in the third quarter but is cautioning that tougher times lie ahead for its Mercedes-Benz car and Daimler Trucks businesses.

Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home

Container ship lessor says charter rates on larger vessels is improving as supply falls.

Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.

Murray Mullen suggests freight market weakness could take carriers out of business, but says his company is ready to jump on acquisition opportunities to grow its less-than-truckload business.

Union members belonging to the International Brotherhood of Teamsters have ratified a new 10-year contract with Air Canada. The airline said it was notified of the results by the union […]

Stock soars after the electric vehicle maker posts better than expected Q3 results.

Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.

Authorities in Mexico have proposed legislation to legalize around 18 million so-called “carros chocolates,” or chocolate cars – vehicles illegally imported into the country from the United States. If the […]

The company warned of its upcoming poor performance in September but still missed analyst’s earnings estimates.

Delta Air Lines [NYSE: DAL] is selling $1.5 billion worth of bonds to help pay for its 20% stake in South American carrier LATAM Airlines, according to a prospectus filed […]

Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.

In a tough freight environment, the Chicago brokerage outpaced Wall Street’s expectations.

The railway also earned record third-quarter revenue.

Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.

Self-driving startup Zoox has raised $200 million in new convertible note funding, according to media reports. The raise is part of a Series C round that is expected to close […]

Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.

Trucking Freight Futures forward curve on Tuesday points to higher short-term National rates.

The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.

Determining freight class is a key to shipping freight successfully. Learn more about the processes involved in this article.

Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche

Venture capital investment in the logistics sector has seen a steady rise in the last decade and shows no signs of abating in the near future.

United Road, which moves about 4 million new and used cars and light trucks a year, is expanding into Class 8 truck and equipment hauling with its acquisition of specialty hauler Team Drive-Away.

Updated 6:32 p.m. Aircraft maker Boeing [NYSE: BA] is reporting sharply lower earnings for its fiscal third quarter as the company deals with the grounding of its new 737 MAX […]

Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.

The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions.

Gillihan plans to build a process-driven sales floor that can scale.

Further operational efficiencies will push the railroad to its target, the company said.

The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.

An artificial intelligence expert says we need to do a better job socializing delivery robots.

Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.

Covenant blames weak freight environment for drop in revenue and net income in third quarter 2019.

Despite lowering its operating ratio, the railroad tempers its 2019 outlook.

Boeing Company’s stock [NYSE: BA] has fallen 32% since documents turned over to Congress and the U.S. Federal Aviation Administration on Oct. 17 revealed that a former Boeing test pilot […]

Trade executed in the November National Trucking Freight Futures contract; South and West futures remain volatile on Monday.

The abrupt retirement of Jim Barber, UPS’ CEO heir-apparent, overshadows company’s third-quarter results

The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.

HaulHub is a logistics startup in the aggregate and asphalt industry that helps producers, carriers and construction crews collaborate together over a centralized platform.

The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.

Paccar Inc. delivered 31,000 trucks in the third quarter, helping the parent company of Kenworth Truck Co. , Peterbilt Motor Co. and DAF beat earnings estimates.

Jim Blaze explains the new CSX trip compliance reporting… perhaps the first step for railroads to compete more effectively with the trucking industry.

The rail equipment manufacturer sees high utilization rate but says economy faces uncertainty.

Some investors prefer hard-to-disrupt niche businesses; others want to roll up e-commerce services and replicate Amazon’s offering.

Charley Dehoney writes about Jelani Hawkins, a former NFL player who has gone into trucking. Read about his new career.

Start your week off with a bang … of the cowbell, as Dooner and Chad digest all the latest happenings in freight, LIVE from Chattanooga. Today they’re talking piracy on […]

The global auto industry may be the first industry to use blockchain extensively. Read how and why.

Logistics in Alaska can be both amazing and frustrating. Alaska is the most expansive and diverse logistics laboratory in the United States. Take the largest state in the nation, yet […]

South and West freight futures tumble Friday, weighing on National average.

Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.

The Trump administration said it is taking this latest regulatory action to further restrict the Cuban government’s efforts to support Venezuela’s Maduro regime.

AB Volvo through its venture capital group is investing in an Israeli cybersecurity startup while also combining all of its autonomous ventures into a single group.

Flytrex is an Israeli on-demand small payload drone delivery company that will be delivering products ordered online straight to the consumers’ house.

SAP now appears to be emphasizing profitability and widening cloud gross margins over organic revenue growth.

IBM Food Trust platform is collaborating with Raw Seafoods to use blockchain to create visibility within the seafood supply chain, starting with scallops fished in the Atlantic.

Nearly all maritime kidnappings and hostage-takings in the nine months to the end of September this year took place in or near the Gulf of Guinea, said global maritime piracy watchdog the International Maritime Bureau (IMB).

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Transport Expo showcases Mexico’s trucking industry; Texas and Mexico officials host meeting to […]

Rents keep rising, but leasing robotics has never been cheaper.

General Motors (GM) reported that it has temporarily suspended production of its Chevrolet Blazer SUV at its manufacturing plant in Ramos Arizpe, Mexico. Production of the Blazer will be halted […]

The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.

Off-site facility aims to give terminal more room to operate and make chassis moves more fluid.d

South and West Trucking Freight Futures stumble on Thursday, dragging the National average lower.

Middle-market leveraged buyouts are cooling, but institutions still taking risk on the venture and growth equity side of the industry.

The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.

Connectivity, electric trucks and autonomous vehicles were highlighted by Peter Voorhoeve, president of Volvo Trucks North America (VTNA) at Transport Expo ANPACT 2019. The event, which is being held in […]

Meal-kit delivery company HelloFresh leverages data from last-mile movement and consumer feedback to make its deliveries precise and error-free.

Payment visibility is a proven builder of carrier loyalty.

Terminal operator joins TradeLens as it looks to align with ocean carriers and provide better box tracking.

Company eyes cross-border volume growth and efficiency improvements.

Swedish truck maker AB Volvo reported higher third-quarter profits and sales on Friday, October 18. But it warned that orders for new trucks in North America and Europe continue to decline and a strike at its Mack Trucks unit could pinch profits depending on how long it lasts.

French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.

Executives from Parade, CoLane, Forager, and Trucker Tools discussed the current state and future of brokerage digitization.

Japan’s freight industry is set for a downturn on the back of declining economies in the U.S., China and the Eurozone, new research reveals.

Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next year by replacing smaller aircraft […]

Turkey has the next five days to maintain the ceasefire against Syrian and Kurdish forces before the U.S. sanctions are removed.

Continental has partnered with SAP to standardize its manufacturing processes and gain real-time visibility into floor operations.

Fundamentals in the Atlanta market a key driver for East regional Trucking Freight Futures on Wednesday.

West Coast forwarders and customs brokers discussed blockchain, e-commerce, big data and Section 321 at their annual WESCCON gathering.

Instead of providing square footage for dine-in customers, five restaurant operations will use the kitchen solely to prepare the food for delivery through DoorDash’s app.

The Hong Kong Human Right Rights and Democracy Act, which unanimously passed the House of Representatives on Oct. 15, puts pressure on Hong Kong to uphold U.S. export controls.

Rationalizing additional network assets is still a possibility in 2020.

Industry veteran picked to head one of the largest U.S. East Coast terminals, which is undergoing upgrade.