Taurus sells US logistics real estate portfolio for $614 million
Taurus Investment Holdings sells its US logistics warehouse portfolio to Investcorp
Taurus Investment Holdings sells its US logistics warehouse portfolio to Investcorp
For two years the software company’s sanctions screening failed to detect a Slovenian app store developer and its owner who were placed on the Specially Designated Nationals and Blocked Persons List.
Engine maker Cummins will lay off 2,000 workers in the first quarter of 2020, the latest impact of a trucking sector recession that is claiming jobs up and down the supply chain.
“The belief that technological advancements of labor-saving equipment will lead to long-term unemployment is a fallacy that can lead to great harm,” Pronto CEO says.
Daimler Trucks North America is recalling 2,725 Western Star brand 4900 and 5700 sleeper cabs from the 2016-2020 model years. About 4% of the recalled trucks are suspected of having an improper adhesive that could allow the vent windows to detach and fall from the trucks.
Conspiracy involved sale of offshore drill ship to Houston chartering company.
Mark Lambert, who served as co-president of nuclear materials transport specialist TLI, will be sentenced by the District Court of Maryland on March 9, 2020.
Darren Prokop writes about the need for a solution to repair and improve the nation’s highways and bridges. What are the options and is there the political will to develop a solution?
Logistics service provider Europa Worldwide is constructing a state-of-the-art logistics facility in Midlands Logistics Park in Corby, England.
Chris Easter took over as interim CEO of Daseke in September and is now being tasked with leading a transformation of a company known for its acquisitions but whose stock price has struggled in the past year as cost efficiencies have not materialized.
Platform Science headlines a list of freight-focused companies honored in the CNBC Upstart 100 list for 2019. Upstart 100 recognizes companies poised for breakouts as major disruptors.
Trucking and trade bodies are outraged by the ongoing tactics of container terminal operators to frequently hike already huge fees on trucks. Lobbying of government ministers is underway and even port operators are disappointed at the ongoing tactics of terminal operators.
Bison Transport CFO addresses challenges in contracted freight but points to an encouraging uptick in Christmas business during Truckload Carriers Association event near Toronto.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: CBP seizes $8.4 million in marijuana bust; Texas port opens its […]
The first-ever highway partially made of reclaimed plastic was inaugurated in Mexico on Nov. 13. The 2.5-mile stretch of highway in the state of Guanajuato in central Mexico used 1.7 […]
This week: Doctors stuff Aussie truckers full of opioids; Prime Ministerial funding splurge on infrastructure; tech and data standards action points identified; trucker accidentally crushes his own car; trucking tax hike fight won… sort of; DHL Supply Chain vows carbon neutrality.
Will California’s steps against parts of drilling technology cost some drivers their jobs?
Environmental opposition and a glut of LNG are among the challenges facing a proposed Oregon natural gas pipeline and export terminal project.
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks.
Unit of Australian real estate firm Goodman muscling in to L.A. urban real estate construction market
Texas, New Jersey, Pennsylvania had most to lose if funding had been slashed.
Freight volumes sluggish despite Thanksgiving distortions
Workhorse Group has secured a $41 million loan in its third hedge fund deal in a year that the electric truck maker said will let it build out a backlog of 1,100 orders for lightweight commercial delivery vans.
This white paper examines ways to combat detention by looking at smarter detention management solutions to alleviate bottlenecks.
While most license applications related to the Chinese telecom are expected to be denied, news reports surface that some U.S. companies have started receiving approvals from the U.S. Department of Commerce.
Federal Emergency Management Agency’s advisory board recommends a pilot of the blockchain-based registry to ultimately improve claim processes and disaster responses.
Engine manufacturer Cummins Inc. is shifting more production to plants in Mexico in preparation for updated requirements in the new United States, Mexico and Canada (USMCA) trade agreement. Cummins will […]
Parents of girl killed in a truck crash on I-95 in Delaware have filed a lawsuit against the Memphis-based carrier and its driver.
The number of used Class 8 trucks for sale continues to grow as new equipment deliveries drain the backlog created during a 2018 order binge.
French freight matching startup FretLink has introduced new carrier-centric features in collaboration with equipment provider TIP and fuel card player UTA.
Hydrogen fuel cell electric truck maker Nikola Motor and Chinese battery-electric truck maker BYD teamed up to make an emissions-free beer delivery to the arena where the NHL Champion St. Louis Blues play hockey.
Carl Bentzel will bring nearly 30 years of maritime legislative and policy background to the U.S. Federal Maritime Commission.
Transport Minister Marc Garneau insists that a deal between Candian National and Teamsters offers the best way to get trains moving again as walkout by 3,200 workers hits Canada’s supply chain and threatens the economy.
U.S. senator also wants Tesla autopilot feature improved or shut down.
Moving to a fixed quarterly RFP program with brokers has added consistency, accuracy and reliability to Bumble Bee’s relationship with intermediaries
A few holdouts have yet to make the transition from AOBRDs to ELDs.
Trucks again carried the majority of cross-border imports and exports during the month of September, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Cross-border truck freight […]
R. Eddie Wayland, TCA Legal Counsel We have previously discussed the Boeing decision of the National Labor Relations Board (NLRB). In that decision, the NLRB changed its approach to determining […]
The Blockchain in Transport Alliance announced it will participate in two blockchain proof-of-concept projects in the coming months. The organization’s working groups also provided updates on the progress of standards development at its BiTA Symposium Chicago on Nov. 14, 2019.
Private sector will be allowed to move and store cannabis headed to retail stores in Ontario, easing the provincial government’s unpopular distribution monopoly.
U.S. export compliance advisers recommend exporters be realistic in their expectations with regard to the department’s license approval process for the blacklisted Chinese telecom.
Kayla Matthews writes about the changes coming to the shipping and logistics industry as IMO 2020 takes effect in less than six weeks.
Every day, more than 40% of all truck drivers on the road use an hour or more of productive driving time to search for a secure parking spot before their hours of service run out.
The National Customs Brokers and Forwarders Association of America picks Whitmer & Worrall after longtime Capitol Hill representative Jon Kent announced his retirement in September.
Eyesight Technologies has taken driver-distraction monitoring to a new level with the ability to trigger driver and fleet alerts when cellphone usage or in-cab smoking is detected.
Freight forwarder Kuehne + Nagel is acquiring Rotra, a company with roughly 800 employees and an annual revenue of over €100 million.
Judge finds Ohio logistics firm on the hook for $300,000 in lobster heist.
Continental AG is looking to rapidly restructure its workforce and phase out production plants to catch up with new-age mobility options like electric and connected vehicles.
In what appears to be a trend, another transport and logistics company has reported a weak overall year-to-date but with a steeper downward dive in the third quarter. Retail logistics specialist LBC Express revealed a small loss in the third quarter of the year against a background of rising revenues.
Lorenzo Shipping took drastic action to begin stemming its losses. But the emphasis is on “begin”. There’s still a long way to go, as Lorenzo is currently on track for a multi-million dollar loss
Proposal could undercut “hundreds of millions” spent on connected-vehicle infrastructure
CBRE sees slowing but still-strong U.S. industrial real estate market
Democratic candidate Andrew Yang also proposes a $1,000-a-month “universal basic income” for workers displaced by automation.
by John Kingston, FreightWaves The data is in and it shows pretty clearly what everybody has assumed: In the Southeast at least, the size of the verdicts against trucking companies […]
U.K.-based yacht builder Sunseeker is in advanced negotiations with DHL Supply Chain to help with its logistics operations.
Brian Aoaeh writes about changes in the energy/fuel mix over the next 30 years in developed and developing economies.
U.S. Customs and Border Protection said optical lenses manufacturer Satisloh used false descriptions, tariff classifications and duty rates on its import entries for certain machinery and parts.
Drug cartel members in the northern border city of Nuevo Laredo, Mexico, across from Laredo, Texas, recently hijacked trucks to form blockades on major avenues and temporarily block international bridges, […]
The survey covers just the states of the Southeast but the numbers are still sobering,.
Some trucking companies that haul overweight loads say they were unable to obtain permits on Nov. 18 because of a ransomware attack that crippled many state agencies in Louisiana.
Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.
Labor advocates say the California law will redress exploitative working conditions at the San Pedro ports.
NTSB advises Uber and regulators overhaul AV testing policies.
For first time, FedEx and UPS will impose additional handling surcharges on shipments weighing less than 70 pounds.
Pilot Flying J is targeting small trucking fleets with a new fueling network aligned with brands like Marathon Oil’s Speedway commercial fueling locations. It expects to have 250 outlets by the end of 2020.
Bill would require DOT to make assault and harassment incidents publicly available.
The U.S. Department of Agriculture (USDA) will increase inspections of imported tomatoes and peppers by Nov. 22 to protect against the introduction of the tomato brown rugose virus (ToBRFV). The […]
Jim Blaze writes about the Alameda Corridor in Los Angeles, that takes some of the freight from the harbor to distribution centers. Is it still economically viable?
Digitization and ecommerce continue to change the movement and delivery of freight. Kayla Matthews examines the issues involved.
Ferrero USA, best known for being the maker of Nutella and Tic Tac, will deploy FourKites’ predictive supply chain technology for greater insight into its freight movements. Also, Canadian National workers strike and a Montana truck driver’s employer gives him a gift of a lifetime.
Freightquote by C.H. Robinson brings Robinson’s information advantage, capacity, and technology to small businesses.
A former Pennsylvania trucking company employee was sentenced to 18 months to four years in state prison for embezzling more than $238,000 from the firm.
The new center at Cologne-Bonn Airport will help meet rising demand for express e-commerce shipments.
The cosmetics industry uses mica in large quantities, which is predominantly sourced from illegal mica mines across India, where child labor is rampant.
COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.
The pilot project aims to replace one of two delivery trucks serving a university neighborhood in Portland, Oregon.
The department’s extension of the temporary general license gives U.S. companies another 90 days to continue their business activities with the Chinese telecom.
UPS flexi-warehouse unit teams with financial services marketplace to bundle physical distribution, IT and financial services to small to mid-size business
6-year program includes addressing shortage of truck drivers.
Volvo Trucks North America and the Western Star brand of Daimler Trucks North America will recall nearly 3,700 trucks between them for separate steering-related issues that could cause a crash. Neither issue has resulted in any crashes or injuries, according to postings on the National Highway Traffic Safety Administration website.
Meet David Faulkenberry, FreightWaves final mile market expert, who joins the company’s deep bench after a storied career at XPO Logistics, 3PD, HomeDirect, GeoLogistics and more.
U.S. Customs and Border Protection said the enhancements, to be rolled out over three phases through the rest of this year and 2020, pave the way to retiring legacy truck manifest application.
U.S. Customs and Border Protection will use the industry’s comments to refine its Section 321 E-Commerce Data Pilot.
The new 40,000-square-meter center is the size of five football fields and has a sorting capacity of 50,000 shipments per hour.
Preliminary orders for new trailers met expectations in October reached their highest level in 11 months, upholding expectations for a good, but not great 2020.
A truck parking fees scam has landed former logistics supervisor Chow Chi-yeung, 42, of Hong Kong, with a sentence of 160 hours of community service.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Ford’s new electric Mustang will be built in Mexico; Japanese plastic […]
Mountain Valley Express, a less-than-truckload carrier headquartered in Stockton, California, has been acquired by an international buyer.
Australia’s unfinished trucking reform business; brake-maker converts creditors into shareholders; toll road operator in big debt reissue; controversial logistics software provider GetSwift fights on
There are parts of the oil market reacting to the new rule but it isnt down on the level of the diesel pump.
UPS to waive money back guarantees on late deliveries if 3rdparties access package tracking data
Vessel group alleges “lucrative cost advantage” over American-flagged ships.
A Georgia jury awarded $8 million to a motorcyclist who was seriously injured when a dump truck hit an orange construction barrel, which ricocheted into his path and caused him to lose control of his bike on Interstate 75.
Peak season woes continue
The initiative is part of a broader push to limit diesel emissions from freight facilities.
U.S. poultry producers eye more than $1 billion market potential for China after being shut out for five years.
The events of the recently completed FreightWaves LIVE event will be “center stage” on this weekend’s edition of FreightWaves Radio. Tune in to this Saturday’s show from 3-5PM to hear […]
Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.
U.S. Customs and Border Protection officers in Philadelphia discovered the counterfeit rings potentially valued at $562,000, if genuine, in an express shipment manifested as a “box” valued at $14.
Judge agrees that evidence of use of rate quote software in pricing was not included in first trial.