Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…
Concerns about the port automation has sparked studies by the Port of Long Beach and other California agencies.
A new partnership between Xcel Energy and the Federal Aviation Administration (FAA) allows drones to inspect power lines out of human sight in eight states – Colorado, Michigan, MInnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
FreightWaves chief analytics officer Dean Croke – who has also driven more than 2 million miles behind the wheel of heavy-duty trucks – previews Copilot by Pronto.
The United States and Mexico have reached a deal to avoid a tomato anti-dumping investigation, ending a tense tariff dispute that had lingered for months. The deal was first announced […]
The U.S. Justice Department said American Airlines has agreed to pay a $22.1 million civil penalty to resolve allegations that it falsely reported the times it transferred U.S. mail to foreign postal services.
The retirement of Mike Freeland as president and chief operating officer of engine maker Cummins Inc. led to a chain reaction that elevated four other executives.
ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.
Cathay Pacific expects “a much more significant impact” to revenue in August as recent unrest in Hong Kong will likely weigh on its financial results.
The Commerce Department’s Bureau of Industry and Security has provided a general advisory opinion warning U.S. exporters to use caution when sharing certain technology information in global standards-setting organizations if parties on the Entity List are involved.
Samuel Coraluzzo has deployed I.D. Systems’ PowerFleet LV9000 asset-tracking solution into its entire fleet. The deployment gives the fleet a full ELD with a customized workflow that tracks jobs from dispatch to completion in real-time.
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
The concept of customer experience has been around for decades but it is getting new emphasis in trucking as electric and autonomous technology arrives.
Target provides an optimistic shot in the arm as the mega-retailer reports a strong quarterly performance and raises its full-year outlook.
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
Canada Pension Plan Investment Board to acquire up to 8 percent of fast-growing e-commerce fulfillment company.
Already the undisputed Class 8 sales leader, the 2020 Freightliner Cascadia arriving this fall is a technological tour de force that allows the truck to do most of the work of driving.
Company representative confident award will be reinstated in state supreme court.
XPO unit, class of drivers and helpers reach $5.5 million settlement to end three-year legal fight over job classification
Since Uber went public in May 2019, journalists and analysts have sharpened their skepticism regarding the viability of the company’s sweeping ambition and future-reliant success. A 23 percent drop in […]
The Office of the U.S. Trade Representative is requesting written comments identifying online and physical markets to be considered for inclusion in USTR’s 2019 Notorious Markets List, the agency said. […]
Jim Blaze writes about FreightWaves SONAR and how it could be a helpful tool for the freight railroads.
The nation’s largest logistics warehouse owner, operator and developer bolsters its Los Angeles portfolio with an increasingly difficult find.
The National Customs Brokers and Forwarders Association of America welcomed a recently proposed rule from U.S. Customs and Border Protection that requires customs brokers to have a more complete identification of their importer clients.
These smart legal contracts allow participants to track post-signature performance of the agreement by integrating it with the existing enterprise systems.
The United States-Mexico-Canada Agreement (USMCA) was the hot topic at the most recent meeting of the Laredo Motor Carriers Association (LMCA). Trucking industry leaders, customs brokers, freight forwarders and trade […]
If theres going to be an exception for trucking, its going to be next year or through the courts.
The funding coincides with the launch of an artificial intelligence solution that detects stop sign violations.
PE firms pay up to eight times EBITDA for chemical haulers.
Zoos and aquariums rely on the expertise of logistics professionals to safely and humanely relocate live animals
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.
The world’s biggest coal port moves forward with US$500 million plans to import LNG into Australia… which is the world’s biggest LNG export nation.
A Chicago startup has proposed using crane rails to move containers in and out of terminals to ease congestion in the era of mega-ships.
New guidelines highlight vessel safety issues for project developers.
The on-again, off-again trade war between the U.S. and China is a great threat to commercial vehicle forecasts, already buffeted by too many trucks and slowing freight growth.
Maersk says technology is core to its vision and wants more of its 6,000-strong IT workforce to be direct employees and not contractors.
The U.S. Commerce Department has added 46 additional overseas affiliates of Chinese telecommunications technology manufacturer Huawei Technologies Co. Ltd. to the restrictive Entity List.
Former communications director will be the first female to lead the Washington state port.
Velodyne has filed patent infringement claims that its rotating 3D LiDAR technology was copied by Chinese companies Hesai and RoboSense.
EPAM Systems is the latest member of the Blockchain in Transport Alliance. Learn more about the company and the Alliance in this article.
Uber Freight needs access to more capacity to keep up with 153 percent growth in gross bookings.
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more […]
A. Duie Pyle Chief Executive Peter Latta opens up about ransomware attack in June.
A lot of new pipeline capacity is kicking in and the need for trains is going to be greatly reduced.
Eliminating the residential fee reveals UPS’ comfort level and ability to better engineer its network.
OTVI.USA began the week with a rocky start before recovering to finish the week.
Customs and Border Protection late this month will start live testing for blockchain’s applicability to intellectual property rights (IPR) enforcement, according to a document posted online in preparation for the […]
FreightWaves is expanding with a new office in Portland, Oregon. There are opportunities for data scientists, software engineers and journalists.
FreightWise found a sweet spot in SaaS-based parcel and LTL managed transportation.
College football: poetry in motion, masses of men, giants of the gridiron rushing 40 yards in 4.4 seconds. But before that equipment arrives at the field, it’s moved by big […]
As the U.S.-China trade war intensified with the Trump administration announcing more tariffs, the two countries clashed in two disputes this week at the World Trade Organization (WTO). During a […]
The Commerce Department’s Bureau of Industry and Security subjects 17 overseas entities to stricter U.S. export licensing controls by adding them to the Entity List.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
Small fleets need to fully understand their financial situation, improve awareness of technology and have set processes in place to fluidly scale up the business.
American Trucking Associations (ATA) praised the fact that 53-foot intermodal containers won’t be subject to the next round of Section 301 tariffs on China. The Office of the U.S. Trade […]
Kobo360 is one of the most recognized FreightTech players in Africa, helping shippers connect with carriers in a market riddled with severe visibility and transparency concerns.
FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announces the start of the nomination process for the 2020 FreightTech 100 Awards. […]
Contract rates are still sliding down against steady spot rates.
Canada’s largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.
Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
Competition from other grain-producing countries weigh on U.S. grain exports – and on U.S. rail volumes for grain.
Will Sehestedt will focus on building relationships on behalf of FreightWaves with associations and universities.
As the world’s largest retailer, the company is often seen as a bellwether for the overall retail landscape.
It is the first time a transportation and logistics provider has invested in an autonomous trucking company.
The Food and Drug Administration (FDA) is issuing a proposed rule to establish new required health warnings for cigarette packages and advertisements, which would apply to imports, the agency said. […]
Avianca continues to dispose of aircraft during its financial restructuring.
Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.
Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.
Retail remains a rare source of strength in the economy while manufacturing struggles
Introducing an app-based visibility solution could be the answer to shoddy tracking updates.
Customs and Border Protection and the Treasury Department on August 15 issued a final rule to impose import restrictions on certain archaeological material from Algeria. Effective immediately, the rule amends […]
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.
The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”
Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up for hours, said officials in […]
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
Safety, labor advocates register early opposition to rule changes.
Meritor, Inc. is growing its manufacturing footprint in India by 25 percent with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor also is opening a research and development center in Mysore.
Payback for a record run of new trailer orders last summer continued in July with fewer than 10,000 new orders placed, a dramatic drop from the same month in 2018. Typical during summer months, low orders suggest a possible return to normal order patterns after an overheated second half in 2018.
The FreightWaves Freight Intel Group’s latest research shows that a freight recession is taking place.
The interagency Trade Policy Staff Committee (TPSC) is accepting comments and will hold a hearing to help inform the Office of the U.S. Trade Representative’s (USTR) annual report to Congress […]
Transportation and logistics firm plans additional brokerage offices in the United States, while CEO suggests a willingness to make an asset-based acquisition.
Tariffs are dampening enthusiasm for apples grown in Washington state, the country’s number one producer.
The Bureau of Industry and Security (BIS) is seeking public comment on the commercial impacts of the proposed addition of five chemical families to Schedule 1 of the “Annex on […]
Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.
Transfix chief operating officer Lily Shen has added president to her title. The digital freight marketplace announced Shen’s promotion on August 14. Prior to joining New York City-based Transfix about […]
Memphis-based is the latest BiTA member. Read about this interesting company’s purpose.
Hyundai Merchant Marine, South Korea’s largest container carrier, said it had a smaller loss in the second quarter this year than in the same period in 2018.
186 transportation and logistics companies made the list.
Wisconsin-based Schneider National recently announced it is building a new operations center in Dallas, where the company will manage up to 500 truck drivers. The new facilities will include a […]
Views of the market from the ACT Research seminar
There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.
Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
Canadian transportation firm posts a 19 percent drop in revenue on tougher freight market on both sides of the border.
Customs and Border Protection is publishing a proposed rule to require customs brokers to collect certain information from importers to enable the brokers to verify the identity of importers, including […]
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.
Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans.
Government denies claims the IRS misled company on excise tax rules.
