Business

Futures prices being driven by shifting freight flows to the East

Bill approved in state senate with no carve-out for owner-operators

BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.

The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank’s charter before its Sept. 30 expiration.

Brian Laung Aoaeh discusses innovation, technology, and disruption in the freight brokerage market.

YRC Worldwide announces new debt financing agreement. The latest step in it’s latest restructuring.

Barclays and Macquarie estimated that the companies will spend an extra $2,000 to $3,600 per driver annually.

Future attacks could be far worse than the $10 billion ‘NotPetya’ attack in 2017 that hobbled Maersk and cost FedEx $300 million.

Decision could make it easier for employers to make unilateral work-rule changes

Airlines use a lot of skills to maximize freighter and wide-body space for cargo

Classified information in trans-Atlantic markets to be reviewed by advisory board.

Good things come in threes.  Following a $700 million raise led by Amazon (NASDAQ: AMZN) in February and another $500 million investment from Ford in April, electric-vehicle maker Rivian has […]

6 River Systems is a warehouse management and automation company that utilizes mobile robots named “Chuck” to improve efficiency in warehouse operations.

Attorney Richard Luthmann received a four-year prison term and was ordered to pay $500,000 in restitution for defrauding businesses in the U.S. and overseas.

Schneider National is leading an industry shift from hardware-centric solutions to software platforms.

Henry Byers writes about the latest twists and turns in the U.S.-China trade war.

Volocopter builds autonomous electric air-taxis that resemble drones for short transits over urban spaces.

The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.

CHI to ATL futures (VCA) lower on Dorian “risk premium” removal.

Almost all companies required to conduct due diligence to determine the countries of origin for conflict minerals used in their products did so last year, according to a Government Accountability […]

Export compliance experts find little new in the Bureau of Industry and Security’s FAQs answers related to the Chinese telecom’s placement on the Entity List and temporary general license.

Acquisition of Panalpina creates one of the world’s largest transport and logistics companies.

Digital logistics company Marine Transport International is collaborating with The Recycling Association to enable recycling businesses to relay essential information on trash to stakeholders within the trash value chain in a transparent and swift manner.

Tina Sullivan is very discreet about the freight she ships, given its high value and rarity. But there is little that is discreet about a 50-foot tall, 25-ton sculpture made […]

But a failure to secure a no-deal Brexit could scupper their plans to reshore manufacturing.

Air Transport Services Group, a major provider of midsize leased cargo aircraft and transportation services for customers such as DHL and Amazon, named current Chief Operating Officer Richard F. Corrado […]

Can carload rail become a volume and market share leader in today’s emerging high-tech freight logistics world? Or will it continue to exhibit a declining role?

PHI to CHI lane (VPC) stronger on increased freight into NY/NJ

Humans are helping e-tailers lower logistics costs; logistics newbies, meet the seasoned pros

Cummins Inc. closed its $290 million purchase of fuel cell maker Hydrogenics on September 9, the second major investment in fuel cell technology in less than a week.

A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.

A NAFTA binational antidumping and countervailing duty dispute panel on Sept. 4 issued a decision upholding the U.S. International Trade Commission’s (ITC’s) finding that imports of softwood lumber from Canada […]

The move signals the shift from a tech startup to a mature logistics operation.

The financially troubled Indian carrier grounded operations in April.

Allison Transmission Holdings Inc. is paying $103 million to acquire two suppliers of critical components to its automatic transmissions. The company said the acquisitions will no impact its fiscal year earnings.

Digitalization comes with its share of problems and it is vital for businesses to understand what the technology means before they go ahead and adopt it within their operations.

The Liquor Control Board of Ontario (LCBO) has joined forces with Foodora, an international food delivery app, to pilot on-demand alcohol delivery in under an hour.

Mexico’s legislature is considering proposals that would limit the permitted weight of double tractor-trailer trucks — called “fulles” in Mexico — to decrease truck-involved accidents and relieve traffic congestion. Cities […]

Daimler Trucks is moving closer to its goal of commercially producing Level 4 autonomous trucks with public road testing in Virginia.

Healthy container throughput growth suggests they might be.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: U.S.-Mexico migration deal expires on Sept. 6;  Columbus, NM, gets new […]

Risk-averse money is still entering the FreightTech space.

The new e-commerce delivery paradigm poses legal risks that have not been thought through, noted attorney says

Closing in on China’s massive trucking market, autonomous trucking outfit Plus.ai on Sept. 6 announced a joint venture with FAW Jiefang, China’s largest truck manufacturer, to develop self-driving big rigs […]

CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.

Bendix is growing its air disc brake manufacturing facility in Bowling Green, KY again, this time to the tune of $65 million and 100 new jobs.

According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.

Futures forward curve sentiment falls for freight out of LAX

Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.

Vice President Mike Pence on Sept. 5 in London made the case for a post-Brexit U.S.-United Kingdom trade agreement, asserting that such a deal could triple or quadruple bilateral trade. […]

The Tasmanian airport is gearing up to become a cargo hub.

The air cargo-handling arm of financially troubled Chinese conglomerate HNA Group refinanced corporate debt in August.

In late August, Uber installed several self-service kiosks at Toronto Pearson International Airport.

Pilot eLCV projects are planned in the U.S. next year with local production a long-term aim.

Federal agency finds company’s “Autopilot” technology played a role in 2018 accident.

The raise suggests the mobility market is shifting in favor of companies that directly connect people to vehicles.

Nikola Corp. revealed two more funding sources of its heavy-duty fuel cell truck on Thursday, September 5. German supplier Robert Bosch LLC and South Korean solar panel maker Hanwha Group each invested at least $100 million cash in earlier funding rounds.

While management teams at some of the nation’s largest TL carriers have been talking up the potential for a solid peak shipping season, Universal Logistics has seen peak season sentiment move the opposite direction.

Target tells its suppliers to forget about tariff-related price increases.

Brian Aoaeh writes about the disruption to supply chains caused by hurricanes and extreme weather.

East region forward curve tracks lower expectations for rates and impact of Dorian

Class 8 truck orders fell again in August as fleets stayed on the sidelines while taking delivery of a record number of heavy-duty trucks ordered in 2018.

Tandem Workflow, using the same customer-centered ethic that branded BOLT from the start, continues to broaden in capacity, types of freight and user audience.

Daseke eliminates the role of president as it increases and accelerates its cost savings initiatives. The company will continue to search for a new CEO and begin looking for a new CFO.

Tech firm will team up with provider of pricing data to container industry to get carriers on time.

A white paper released Sept. 4 by Sen. Bill Cassidy, R-La., raises concern with the ability of the federal government to combat trade-based money laundering (TBML) and suggests that a […]

Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 […]

Logistics startups are using data science and mobile technologies to connect grocery shoppers with local farmers.

Using “crowd-solving” and prizes, Sea Freight Labs hopes to help shipping companies find better and faster solutions to challenges.

Potato farmers are asking U.S. agricultural officials for support in expanding export trade into Mexico.  Currently, American potato farmers and exporters are mostly barred from selling fresh potatoes in Mexico […]

A round at this valuation puts Convoy one step closer to an IPO.

With rail traffic lower year-over-year and PSR initiatives in full swing, it’s understandable that soft railcar demand attracted attention at an investor conference.

Old Dominion, ArcBest report sluggish monthly

Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire on Sept. 3 stated a shared commitment for their countries to work constructively on a solution to international taxation […]

Women drivers wait longer to load and unload their freight than their male counterparts because they are less prone to pitching a fit over delays.

East futures lanes little changed on the uncertainty of Dorian; SEA to LAX firms

Air cargo carriers are expecting a demand surge for scheduled and charter capacity if the British government overcomes opposition in Parliament and proceeds with a no-deal exit from the European […]

Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.

Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.

Europe’s air cargo industry has not been the quickest when it comes to embracing the digital world, but efforts are being made to catch up. A series of carriers have […]

The Office of Foreign Assets Control said additional trade regulations will take aim at the Nicaraguan president and his regime for the ongoing use of violence against the country’s people.

Navistar International Corp. blew past revenue and earnings estimates for its third fiscal quarter. It is reducing production but expects to gain market share in a softening market.

The Amsterdam airport did report an €18 million year-over-year increase in revenue for the first half of 2019.

Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit’ are casting dark clouds over the European economy […]

Auto manufacturers remain a proponent of autonomy, even if what they’re manufacturing are varieties of electric scooters and bikes.

FreightWaves has become the number one source of data and market insights in freight for one reason: our people.

U.D. Trucks, the Japanese unit of Swedish truck maker AB Volvo. conducted the first test of an Level 4 autonomous truck in the island nation. The test run at a sugar processing facility in Hokkaido prefecture is partially aimed at addressing a shortage of truck drivers worsened by an aging population.

Do U.S. corn producers have an opportunity to sell more to Brazil for ethanol production?

Market Voice Jim Blaze contents that railroads are using the wrong KPIs to increase volume and capture market share from trucks.

Trucking Freight Futures lanes in and out of ATL up significantly in fear of Dorian

Ruling considered a win for trucking companies.

There isn’t a driver shortage. In fact, there is a glut of capacity on the road, and not enough freight to haul.

As a medium of shared mobility. e-scooters are finding wider acceptance in Germany, but it is yet to be seen if they can decrease street traffic.

China will file a dispute at the World Trade Organization (WTO) regarding U.S. tariffs across approximately $263 billion worth of goods from China in annual import value, China’s Commerce Ministry […]

Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.

The BIS Office of Export Enforcement has “revealed schemes” by Pakistani entities attempting to acquire U.S. technologies to support the country’s nuclear program.

OFAC has added two Taiwan entities and another in Hong Kong, as well as their managers, to its list of sanctions for illicit ship-to-ship transfers of fuel to North Korea.

Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.

TruckIT connects dump truck supply with demand through its marketplace, which helps contractors to plan their needs better and truckers to make more money in the process.

The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.