Business

“If a shipper can share some of its production forecast information to railroads, railroads can plan better to meet that capacity. Conversely, if railroads can open up and show where their empty railcars are to the shipper so that the shipper has a bit more confidence that the right number of railcars are going to show up, then the shipper can more confidently choose rail.”

July heavy-duty truck orders were the lowest since 2010, more evidence of a trucking sector recession taking hold.

Commerce Secretary Wilbur Ross said the U.S. plans to drop trade sanctions against Venezuela once embattled President Nicolás Maduro is out of office.

A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie […]

TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner The Federal Motor Carrier Safety Administration (FMCSA) has been in high gear in recent […]

Goods like clothes and toys are on the proposed tariff list.

Japan’s Cabinet on Aug. 2 approved a measure that will allow the Ministry of Economy, Trade and Industry (METI) to impose new licensing policies and procedures on exports and transfers of controlled items to South Korea.

Warehousing markets have just recovered from the last round of tariffs and there is not a lot of slack.

The beat comes after the company fell short of earnings expectations last quarter, coming in over 23 percent short of estimates.

The deal reached in Washington on Friday will allow the U.S. to nearly triple its beef exports to Europe.

The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.

U.S. production increased 21 percent year-over-year to 898,000 barrels/day.

Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.

As with other industries. the transportation and logistics industry is undergoing a digital transformation. The advent of the cloud and the adoption of new mobile and digital technologies has us in uncharted digital territory.

Leaders of a farmers’ protest in Mexico said if negotiations don’t progress with the government of President Andres Manuel López Obrador, the “next blockade” will be twice as large as […]

As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.

Kenworth Truck Co. stayed with its approach to promoting general managers from the engineering ranks.

U.S. Xpress sees a tough second quarter, but expects industry fundamentals to firm as excess capacity exits the market.

XPO Logistics posts flat second-quarter revenue, exceeds estimates on EPS, cash flow

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.