Business

Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.

The quarterly results of Costamare reveal continued rise in container-ship charter rates.

Kirby Corporation (NYSE: KEX) reported second quarter results that met consensus estimates, despite the ongoing problems for barging operations in the U.S. Midwest. But the company did lower its earnings […]

Near-shoring staff in Colombia has become a big trend for U.S. transport and logistics companies.

Old Dominion posts record q2 results as cost management offsets weak demand

Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be […]

Mostly ignored in the B2C rush, small business in the B2B realm are getting a seat at the e-commerce table.

The Port of Los Angeles is a test bed for the latest in logistics technology, and a target for the threats facing that technology. To stave off those threats, the […]

Nine participants from the e-commerce sector will provide Customs and Border Protection certain data elements in advance of shipments arriving in the U.S. during the yearlong pilot.

Only 16 days into the job as acting Customs and Border Protection commissioner, Mark Morgan admits that he’s still facing “a bit of learning curve,” but vowed that the agency will continue to work with the trade in a spirit of “transparency, communication and collaboration.”

Trade advisory committee tasked with proposing ways to improve economic conditions in Guatemala, Honduras and El Salvador will submit report at Aug. 21 meeting.

Among the Democrats voting against the bill were Reps. Rashida Tlaib of Michigan and Ilhan Omar of Minnesota, as well as House Ways and Means Trade Subcommittee Chairman Earl Blumenauer of Oregon.

After years on the transport mat, next day air flies off as UPS volume surges

Canadian transportation and oil services firm ready to make additional acquisitions to boost growth after strong second quarter results.

Landstar missed the bottom-end of its guidance range as expected. The company sees weakness in truckload fundamentals continuing through the third quarter.

Despite falling short, the electric automaker reaffirmed its full-year delivery guidance, saying it still expects to deliver 360,000 to 400,000 vehicles in 2019.

Total company revenue for Trinity Industries (NYSE: TRN) grew 16 percent to $736 million in the second quarter amid revenue gains for its rail product group.

Covenant released earnings results in-line with its previously lowered expectations as it seeks “predictability” in its operations for the remainder of 2019.

ECHO faced a tough quarter with soft spot volumes and unexpected tightness in June.

Norfolk Southern (NYSE: NSC) expects continued operational changes will help boost profits and lower operating ratios in the second half of the year.

Report asserts industry needs to hire 1.1 million new drivers over the next decade.

Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the […]

A student team from Germany’s TU Munich achieved a top speed of 463 kmph (288 mph) on its prototype pod at the SpaceX Hyperloop Pod competition.

In this commentary by Ekim Saribardak, he writes about new track and trace technologies that can revolutionize the shipment of ocean freight.

SunteckTTS, a top 10 brokerage, is reportedly looking for a 10x EBITDA multiple.

The $320 million project will double the annual throughput of the Virginia International Gateway container terminal.

Logistics platform launches in second European country, where the trucking industry and shippers contend with a growing driver shortage and too many empty kilometers.

Boris Johnson will become the Prime Minister of the U.K. today, and will be assuming responsibility for the nature of the U.K.’s exit from the European Union.

A Bureau of Industry and Security official broke the news during the CBP trade symposium this week.

Boeing (NYSE: BA) posted a core loss per share of $5.82 for the second quarter of 2019.

The new officers will begin their duties Aug. 12.

There is some uncertainty for commodities such as grain, lumber, coal and crude, but Canadian National (NYSE: CNI) leaders are “cautiously optimistic” about volumes and how the company might perform in the second half of the year.

Truck sales and profits were a bright spot in an overall dismal second quarter for Daimler AG, parent of Mercedes-Benz Cars and Daimler Trucks.

Norfolk Southern’s (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit […]

U.S. next day air volumes set the pace for UPS’ second-quarter results

Companies may not be doing enough to secure their cargo from their own employees.

Stock market analysts are not excited by the initial public offering (IPO) of the container- and forestry-products focused Port of Napier on New Zealand’s east coast.

Criminal syndicates are smuggling huge volumes of methamphetamine around the globe by hiding it in the lawful flow of freight. Find out where meth flows, how it flows, and who profits as it flows.

Manhattan Associates stock pops on an earnings beat and a guidance raise. Management brushed back concerns around tariffs, Brexit and other potential geo-political concerns as potential risks to its new targets.

Canadian National (NYSE: CNI) reported increases in net profit and revenue in the second quarter of 2019, with its acquisition of trucking and transportation provider TransX providing both higher revenue and costs.

EKA Solutions recently launched MPlace, which allows larger shippers and brokers to create private marketplaces where they can trade with “trusted providers in a more precise, automated and real-time manner.”

Brian Aoaeh writes about how machine learning and artificial intelligence can be used to improve transportation and decrease emissions.

Narrow vote overcomes opposition to Comprehensive Economic and Trade Agreement, which has boosted France’s exports.

PACCAR Inc. added to a string of beating analyst revenue estimates in the second quarter but fell 3 cents short on earnings per share consensus. PACCAR set records across the board in the period ending June 30.

Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a “tough ride in a tough […]

For blockchain to improve visibility and accountability within food supply chains, its underlying data needs to be in order.

Jim Blaze writes about the pros and cons of shippers owning or leasing their own freight railcars to move their products.

The San Francisco Conservation and Development Commission will use a new 199-page report to update its seaport plan.

Morocco expects to export 200 to 500 metric tons of fresh raspberries to the continental U.S. yearly.

Ecommerce continues to grow and Amazon and its competitors continue to innovate and grow. Read insight into the phenomenon by Anothy Smith.

Chicago to Atlanta should jump in September, LA to Dallas peaks in November, and Seattle to LA hits a high in December.

U.S. Customs and Border Protection is starting a voluntary pilot Aug. 22 to collect advance data related to e-commerce shipments with import values of less than the $800 de minimis.

BRP Inc. recently expanded the capacity at two of its production facilities in Mexico, where it builds its powersport and personal watercraft vehicles. The Quebec-based company’s increased production comes at […]

Labor Department says drivers do not have to be paid for time spent in sleeper berth.

sennder has now raised nearly €100 million this year across two rounds of funding.

Scott Case writes about what recent FAA grants mean to airports and to the movement of airfreight and air cargo.

Rates for mid-sized bulkers including Kamsarmaxes and Ultramaxes are following Capesizes’ lead.

FreightWaves Freight Intel Group predicts an increase in trucking company failures in 2019. Read why they make that prediction in this article.

USPS’ pension problems could cost it more than money. CO2 as a KPI for freight? CPG edible firms need to start going online

This article brought to you courtesy of NEXT Trucking The ability of marine terminals to move ocean containers quickly is becoming a selling point for shippers frustrated with long delays […]

TraPac says upgrades were needed to allow the Los Angeles terminal to handle 2.4 million TEUs by 2038.

Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.

Canadian Prime Minister Justin Trudeau toured the Port of Montreal with European Council President Donald Tusk.

The $30 million Heartland Intermodal Gateway has generated little income.

As many as 50,000 angry farmers throughout Mexico blocked highways and an international bridge along the Texas-Mexico border on July 17 in protest of the government of President Andres Manuel […]

Are predictions of ever-rising U.S. demand whistling past a possible debt crisis?

To prepare for ultra-large containerships, the port revises the plan last updated in 1990.

Fretlink connects thousands of carriers with large shippers through a digital freight marketplace that offers reliability on service and freight hauling prices.

While NWSA reported a record first half, June volumes were mixed — down for international containers but up for domestic traffic.

Kentucky-based Legion Logistics has opened a new satellite office in the city of Santiago de Querétaro, Mexico.  The new international office, staffed by two bilingual freight specialists, gives Legion Logistics […]

While investing in the North American railcar market is risky right now because the market is so uncertain, Europe and India are among the places where there are “attractive’ opportunities to invest in railcars, officials with railcar lessor GATX said on the company’s second quarter earnings call on July 17.

The new functionality will be available beginning July 27 and will allow the electronic consolidation of informal entry summaries to be processed in the express consignment environment.

Dockworkers will be trained to repair automated cargo-handling equipment they argued would take their jobs.

Capacity has returned to freight markets and spot rates are falling against “contract.”

The railroad said second quarter revenue totaled $714 million, a 5 percent increase from $682 million for the same period in 2018.

Plus: Cannabis marketplace EAZE cuts revenue projections by half; Uber funds Seattle congestion pricing report.

The congressional delegation trip caps off an active week on Capitol Hill regarding consideration of the new NAFTA.

Second executive of Casey’s Seafood in Newport News, Va., faces five years in jail and a fine for his role in falsely representing foreign crabmeat as U.S. product.

The data on truck company failures is pointing to a rocky period for shutdowns, and the prospect of higher diesel prices isn’t going to help.  That’s the message of Seth […]

Eric Hirschhorn, BIS chief during the Obama administration, said interactions with industry when reforming export control regulations are vital and warned the agency needs more resources to carry out its […]

After decades of planning and discussion, freight traffic could finally have an alternative highway loop around Dallas that saves them from bottlenecks along Interstate 35. The Loop 9 project will […]

Declaring an undervalue on imported watercraft has triggered demands for millions of dollars in duty from the authorities. Experts say customs authorities will, in future, only become more efficient… and aggressive.

Critics of the proposed location for an Oakland Athletics baseball stadium point to a study that says the Howard Terminal site will be needed for cargo.

Volvo Group and Samsung SDI will work together to advance Volvo’s electric truck plans with direct supply of battery cells and packs to Volvo manufacturing plants.

“You’ve heard me say this many, many times – we’re not going to use the lack of volume as an excuse not to make aggressive achievements on our productivity,” Union Pacific chief financial officer Rob Knight said.

A multilateral steel group mandate was not renewed in Japan, says the deputy director of the National Economic Council during a think tank discussion Wednesday.

The United States is sending an additional deployment of 1,100 active-duty troops and 1,000 Texas National Guard soldiers to the U.S.-Mexico border, Pentagon officials announced July 17. The new active-duty […]

Today’s fleets contend with the Amazon effect on logistics, have to keep up customer satisfaction levels, minimize operational costs and also attract and retain drivers. Technology could help make these challenges easier.

The importance of technicians and the cost of technicians as part of the total cost of ownership is covered in this article by Gerry Mead.

Sherrod Brown and Ron Wyden urge Customs and Border Protection to issue a withhold release order to prevent such imports from entering U.S. commerce.

The clean balance sheet and deteriorating fundamentals in the TL space that could force some carriers to look for the exit begs the question, ‘will we see Heartland become acquisitive again?’

The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018

Volvo Group posted record second-quarter sales and earnings but warned that production cuts are likely in the second half as a huge backlog of heavy-duty truck orders from 2018 shrinks in size. (Image: Volvo)

Investor speculation that VW’s Traton SE would complete an acquisition of Navistar International took a hit along with the share price July 17 when the head of Traton said he was satisfied with the present 16.8 percent of the Illinois company’s shares.

Calls for the Trump administration to impose trade sanctions against Turkey for its recent purchase of a Russian-made surface-to-air missile system are becoming louder from Capitol Hill.

Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.

Union Pacific set an all-time record for its operating ratio in the second quarter despite lower freight volumes and a decline in freight revenue.

A five percent drop in licenses contributed to a modest disappointment, but management is excited about Qualtrics.