Business

Jack Cooper Ventures says it will be “business as usual” as the auto hauler undertakes a restructuring.

The U.S. will engage with the IMF to eliminate the cited unfair advantage created by the alleged devaluation of China’s currency.

Fleetcor modestly raises earnings guidance and says the acquisition pipeline has a couple of likely deals in the fuel, corporate payments and lodging segments.

Empty miles are a billion-dollar problem for trucking fleets, but are they more of a problem than they were in 2002? Recent headlines indicate they may be, but they may not tell the true story.

Global e-commerce continues to grow, and grow, and grow. Market voice Brian Aoaeh writes about the move of e-commerce giants to establish their own fulfillment services.

Most industry representatives testified against tariffs proposed against the EU in retaliation for subsidies provided to Airbus.

Starting today, shippers using MercuryGate’s transportation management system (TMS) will have access to Uber Freight’s network of carriers, guaranteed capacity and real-time market rates, MercuryGate announced this morning. “Shippers need […]

Deutsche Post DHL posts single-digit revenue, profit gains, lifts low end of full-year earnings view

As the United States-China trade war frightened stock markets on August 5 into their worst day of the year, some analysts said Mexico could find a silver lining in increased […]

The company itself is silent so far, but the union spelled out some of the developments.

U.S. Customs and Border Protection marks the 230th anniversary of the first customs processing of a ship in the new United States.

For the first time, Workhorse Group is tying the possibility of a huge contract with the U.S. Postal Service to the acquisition of General Motors Lordstown, Ohio assembly complex.

North Asia revenues were down 8.5 percent, but EXPD improved productivity.

Jim Blaze writes about the recent history of intermodal rail service and what may happen in the next few years.

If you see a truck driver in Texas without his hands on the wheel, the chances are good you’re seeing an autonomous truck from Kodiak Robotics.

Delta Cargo has chosen FreightWaves SONAR for global freight intelligence and data analytics.

Whether the shale boom can keep going has recently been called into question.

Escalations in trade tensions between the U.S. and China could discourage containership owners from ordering new ships.

Operating performance bolstered by contracts with Amazon and U.S. government, said company CEO.

ISM data in both the service sector and manufacturing sector suggest the economy is slowing and recent tariffs could make things worse

Cargo activity through the Jacksonville, Fla., seaport had a nearly $31.1 billion economic impact on the region and state in 2018.

The State, Treasury and Commerce departments are ramping up to implement an Aug. 1 executive order from President Donald Trump that imposes a second round of sanctions against Russia.

Didi Chuxing has spun off its autonomous driving unit as an independent company following discussion of raising fresh capital with its existing shareholders and potential investors.

Two mega-retailers partnerships signal an inflection point in the visibility market.

Get ready for the goodies coming from federal transport spending legislation. Money for inland waterway network will be funds well spent.

Second quarter revenue for BNSF rose 0.3 percent despite lower volumes for agricultural products, consumer products and industrial products.

The United States and Mexico are on the brink of yet another trade war – this time pitting U.S. farmers against Mexican tomato growers and importers.  The debate centers around […]

Travel Centers of America became a Maryland corporation instead of a Delaware limited liability corporation to attracted stock funds prohibited from investing in LLCs. Its slightly improved second-quarter sales and earnings did not help its stock price in early trading on Monday August 5).

Daseke lowers its full-year 2019 outlook citing worse than expected results in its flatbed division.

Logistics startup Rivigo has introduced the National Freight Index in India, which will allow users to access individual lane level information in 1,500 locations across the country.

The Port Report focuses on another vessel being seized in the Strait of Hormuz.

The USDOT and USDA are seeking comments on a revision to hours-of-service and electronic logging device regulations for the agriculture and livestock industries.

Transplace finds a disparity in consumer goods trade leads to large spread between north and southbound traffic – and a Canada backhaul “tax.”

The rise and fall of interest in natural gas trucks typically depends on the price of oil. Now, the availability of clean energy credits in California and tougher NOx rules expected from the California Air Resources Board are additional reasons for purchase.

How high will rates out of Los Angeles go in October and November?

“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.