Royal Dutch Shell earnings slashed by 25 percent year-over-year
It’s hard to see a structural recovery in natty gas prices.
It’s hard to see a structural recovery in natty gas prices.
Canadian digital-freight matching platform seeks to list on TSX Venture Exchange with “conservative” C$34 million valuation.
Donald Broughton writes a thought-provoking commentary about how technology has killed inflation.
Ben Thrower examines the costs – in money, lost land and lost businesses – of the high-speed rail line in California.
The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.
With air cargo slowing, could there be any bump up in August?
The Fed cut interest rates for the first time in over a decade. Shippers and carriers should benefit as the economy looks to reaccelerate
Technology has helped smaller fleets band together to take advantage of discounts, real-time telematics and find loads through digital freight matching platforms.
Updated CPSC policies on stroller safety and refrigerator certificates are expected to be published in the Federal Register on Friday.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
At 10:30 a.m., its price was down almost 16 percent.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Schneider National sees “less favorable” trends continuing into the back half of 2019. The company lowered guidance and announced the closure of its First to Final Mile business.
Chinese billionaire Liu Zhongtian, former president of China Zhongwang Holdings Ltd., was indicted by federal court in Los Angeles for allegedly evading $1.8 billion antidumping and countervailing duties on aluminum shipments.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
The U.S. Treasury Department’s Office of Terrorism and Financial Intelligence is at the center of the country’s efforts to counter national security and terrorism financing threats.
An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.
Oshkosh Corp. has a green light from the U.S. Army to enter full production of its Joint Tactical Light Vehicle that will replace the HUMVEE in war zones.
Celadon’s turnaround gets a shot in the arm with a new three-year financing agreement.
The saga of the closed General Motors Lordstown plant continued with Vice President Mike Pence erroneously declaring that Workhorse Group Inc. had secured funding to buy the plant.
Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation. But overall demand remains tepid as it lowered […]
A roll-out of the much-hyped 5G telecommunications technology will not in itself revolutionize logistics, says Paul Soong, regional director of BluJay, which provides a wide variety of management software for the logistics and transport industries. Better management of business is the key.
The company reported diluted earnings per share (EPS) of $0.53, $0.01 short of estimates and $0.02 higher than the second quarter of 2018.
IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.
Canadian Pacific Railway (TSX:CP) (NYSE:CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability […]
Truckload volumes on a national basis have been trending 3% above 2018 levels for a week.
Canadian rail and trucking sectors expand as nation’s GDP increases by 0.2 percent, capping its best three-month period in two years.
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
Tariffs and USMCA were among the topics discussed during Tuesday night’s presidential debate.
A small business exporter highlighted the benefits she has reaped from de minimis exemptions during a Senate Finance Committee hearing Tuesday.
Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract
ODYN co-founders to join Turvo in leading a new advanced technology center in Boston.
Wabash National says it has $1.2 billion of trailers in its production backlog with cancellations at normal levels and demand robust.
Market expert Jesse Cohen writes about the fascinating movement of cars around the world via air cargo.
Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was […]
Matching tractors to trailers could improve efficiency and lower costs for trucking fleets is among the concepts that vehicle engineers continue to chase, but the North American freight system might not be able to benefit from these advancements.
The Port of Savannah saw container volumes drop from year-earlier levels as the outlook for international trade remains weak. But the fourth largest U.S. port is still seeing some of […]
The Class I railroads have reported their second quarter/first-half of 2019 results. Jim Blaze writes about what may happen during the remainder of 2019.
Innocent third parties who get caught up in Australia with illegal drug logistics, such as employers and transport operators, do not appear to fear the threat of having their property seized by the authorities.
Hub Group believes “soft” intermodal volumes will begin to flatten out and that the 2019 peak shipping season will be similar to that of 2017.
CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.
ArcBest posted flat to down second quarter results as a weak LTL macro environment and too much truckload capacity hit its two main units.
The company attributed the revenue slip to pricing and volumes, especially on routes between Europe and Asia.
Hub Group sees record earnings despite a “softening demand environment” and “increased truckload and intermodal competition.”
November contracts from Los Angeles to Dallas traded at $2.103/mile as positive consumer confidence numbers were released.
Brian Aoaeh writes about the use of machine learning to improve supply chains, particularly in the context of decreasing greenhouse gas emissions.
Ryder Systems Inc. posted strong second-quarter revenue but reduced its second-half earnings guidance on weakness in used truck sales and rentals.
Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.
Indiana-based Cummins Inc. (NYSE: CMI) reported higher revenue and net income, but the power technology company’s second quarter earnings came in below analysts expectations. Cummins posted second quarter earnings of […]
Power management company Eaton Corp. reported higher second-quarter sales and earnings despite declines in its vehicle segment.
Eagle Bulk is finally in position to benefit from a rate recovery. It has been a long time coming for funds that invested back in 2013.
The Procter & Gamble Company (NYSE: PG) reported its strongest quarter of organic sales growth in over a decade.
Blockchain’s utility can only be realized if there is participation from every stakeholder within a value chain, and banks heavily on the quality of data being fed into its system.
Train products manufacturer and supplier Wabtec lowered its sales guidance for 2019 but kept its projections for how much profit it expects to make from its operations.
A federal grand jury indicted three Texas men – two truckers and a state worker – in connection with a scheme to sell commercial driver’s licenses (CDLs) without the drivers […]
How will Pittsburgh Airport build on its air cargo success so far?
Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler. She gets dressed, drives her Peterbilt truck to one of the dozens of […]
Germany’s DB Schenker is joining the ranks of logistics companies that aim to bring cargo booking online. One of the top five freight forwarders in the world, DB Schenker said […]
Legislation includes first-ever grants for electric vehicle infrastructure.
Traton SE crossed $1 billion in operating profit for the first six months of 2019 but expressed concern about slowing orders in the second half.
From their Seattle headquarters, the executive team talks operations, startup culture and the enduring importance of the human factor.
The action directed by USTR follows discovery of harvested timber in the company’s supply chain.
The working group laid out specific proposals in the areas of labor, the environment, enforcement and pharmaceuticals.
Furniture-makers may face long slog in adjusting to tariffs on Chinese imports; Autonomous freight trains to be tested
Donald Broughton writes that as goes the freight sector goes the economy in this commentary.
uShip, the online logistics and freight marketplace provider, announced July 25 that Mike Williams has stepped down as chief executive officer and board member. The Austin, Texas-based company also announced […]
Ben Thrower writes about nearshoring manufacturing, which has gone on for decades. He also writes about the potential for nearshoring services, a new opportunity for both U.S. and Latin American businesses.
Just Eat and Takeaway.com merge to create a £9 billion company that will be headquartered in Amsterdam and traded on the London Stock Exchange.
As peak shipping season gets underway and more containers arrive at ports, the ability of North America marine terminals to handle the extra truck traffic is coming into sharper focus. […]
Companies that build a dedicated M&A program return more value to shareholders.
One market’s strength is actually good news for truckers, who would benefit from the construction of lots of scrubbers.
Information related to the national load tender volumes for the last full week of July comes from FreightWaves SONAR.
Ports receive 15% of grant program typically used for surface projects.
OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.
Negligent hiring and vicarious liability lawsuits have been around, but there are emerging risks as well.
Intruders could have cost the Maritime Administration $103 million.
GDP growth slowed to a 2.1 percent pace in the second quarter, as strengthening consumer spending was offset by weakness elsewhere
Indiana-based Steel Dynamics Inc. announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new […]
CEO Alain Bedard lauds “magic” of its American trucking business ability to shore up efficiency in challenging freight environment.
E-commerce packages are flooding the U.S. The vast majority contain legal products, but U.S. Customs and Border Patrol worries about those that contain illegal or dangerous products.
New equipment will allow U.S. Customs and Border Protection agents inspect up to 50 trucks per hour along the U.S. borders with Canada and Mexico.
After California, New Jersey is the next battleground for trucking’s owner-operator business model. And motor carriers fear the war there may be largely lost. The latest skirmish centers on a […]
Drivewyze worked with safety offices and law enforcement in 32 states to identify 500 high rollover and low bridge locations. It sends audible and visual warnings to truckers before they reach them.
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent bulk liquid storage company ANZ Terminals. The ACCC has formed a preliminary view that the potential sale would “substantially lessen competition”… and that’s the first step on the way to blocking the A$350 million (US$248 million) deal.
We’ll be joined by the former top executive for logistics at Walmart.
The Netherlands-headquartered shipping line Universal Africa Lines (UAL) recently added Port Houston’s City Docks to its liner service that connects the Gulf of Mexico and Mexico with West Africa. UAL, […]
Asian city-state Singapore has seen a small fall in container volumes and a more noticeable fall in containerized cargo weights in the first half of 2019 when compared to the same period in 2018. Singapore is a bellwether for world trade volumes and it does a substantial amount of business with the U.S. as well.
A softening freight market took a toll on Universal Logistics Holdings Inc. (NASDAQ: ULH), an asset-light provider of customized transportation and logistics solutions. The company reported second quarter 2019 net […]
ABF Freight, YRC Freight employees affected by pension-saving bill.
Amazon’s q2 shipping costs soar as costs of one-day delivery launch exceed estimates
Grain shippers say Congress should take a “fresh look” at railroad policy.
Denser shipments and higher prices combined for a 6.9 percent improvement in revenue per LTL shipment.
Werner’s second quarter was $0.01 light of consensus and the company lowered its pricing forecast for the rest of 2019.
Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.
Canadian transportation firm reports a 13 percent increase in net income, helped in part by improved performance from its U.S. truckload businesses.
Company’s best-in-class model will be tested as LTL conditions remain soft
BorgWarner sales and income declined in the second quarter but revised downward guidance for the rest of the year hammered shares.
Chris Connor, the new president and CEO of the American Association of Port Authorities, is enthusiastic about advocating for the varied needs of its members.
Southwest Airlines posted second quarter adjusted earnings of 70 cents per share, beating Wall Street estimates of 61 cents per share. The small profits for Dallas-based Southwest Airlines came despite […]
With the growth of technology in the trucking sector, drivers are now being monitored every second they are in the cab, which has led to concerns about privacy.