HMM makes billion-dollar turnaround from loss to record profit
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
TFI International CEO says it will take a hard line on UPS Freight customers who aren’t making the company money after its $800 million acquisition closes.
Charges against a newly minted trucker are dropped as prosecutors point to his “lack of involvement” in $2.8 million worth of marijuana found in a sealed trailer of pork at the U.S.-Canada border.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Super Bowl avocado exports from Mexico are up; Schneider provides diversity grants; Logistics center opens in Tijuana; and CBP seizes phony designer children’s pajamas.
“ZEBOX will assist innovative startups in developing new technologies in transportation, logistics, mobilities and industry 4.0,” says CMA CGM CEO Rodolphe Saadé.
We haven’t heard many airlines recently culling their cabins of seats, but Kenya Airways is now the first to do so with a Boeing 787.
Titanium Transportation Group becomes one of the largest trucking companies in Canada after acquiring International Truckload Services.
Business payments company FLEETCOR Technologies Inc. reported EPS 19 cents above estimates for the fourth quarter.
The discharging of damaged containers continues nearly two months after the storm-battered ONE Apus arrived in Japan.
The deal benefits TFI’s freight-centric culture and allows UPS to shed a noncore asset, Tomé says.
Ocean Network Express takes giant profitability leap — from $5 million to $944 million year-over-year.
Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering packages to Hong Kong this year.
SONAR is the leading freight forecasting platform. Two recently added SONAR indices are proving very useful to SONAR subscribers. Learn more.
The U.S. Postal Service is exploring the potential of bringing in commercial operators to handle outbound traffic.
Cargojet is riding the e-commerce wave and to grow business even more it sold shares so it can buy more big cargo planes.
Only a week removed from the $800 million purchase of UPS Freight, TFI International is back at it. On Monday, the company announced the acquisition of van and flatbed carrier Fleetway Transport.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: A $1 billion warehouse and logistics port is planned for Laredo; RCR Taylor Logistics Park opens in Texas; Volkswagen ends Golf production in Mexico; and Red Sun Farms expands in Pharr.
China’s latest maritime measure to control the spread of the coronavirus will add to the clog of containers at ports.
UPS lost its 16-year battle to succeed in LTL. Now it’s TFI’s turn.
Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”
TFI International CEO Alain Bedard praised the partnership of UPS and the Teamsters and signaled his company’s willingness to work with unions ahead of the UPS Freight acquisition. But will it work?
TFI International has agreed to buy UPS Freight for about $800 million in its largest acquisition to date.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Tecma acquires cross-border trucking firm; Mexican carrier achieves CTPAT certification; Boyd Corp. opens factory in Juárez, Mexico; and massive new industrial/logistics park set for Arizona.
A Shell and Deloitte joint study addresses economic, technical and regulatory factors related to decarbonizing road freight.
Phoenician Energy’s aluminum-air batteries will be developed and piloted as part of the Yara Marine X program designed to create a greener maritime industry.
There’s a steep learning curve for importers and exporters now that the U.K. is no longer part of the European Union. Botched customs forms are leading to freight backlogs.
WebCargo has landed a big boy in the cargo world. Qatar Airways will sell space to shippers through the third-party platform.
FedEx Express unveils its dual-hub strategy in Europe and says redundancies will result in significant attrition.
Airlines are heavily in the red and a big shrink in passenger revenue last year is to blame. The International Civil Aviation Organization quantifies the results and gives its outlook for 2021.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo gets its third cold storage inspection facility; a Texas trucking company is acquired by Phoenix Logistics; SE-Freight gets 30 Kenworth trucks; and Revere Plastics acquires a Mexican factory.
The first airports are releasing cargo performance data for 2020. Hong Kong and Amsterdam took a hit.
As more modes of transportation are experimenting with the use of hydrogen fuel solutions, there are still major challenges that green hydrogen production and adoption faces.
This is an excerpt from Monday’s Point of Sale retail supply chain newsletter. The UK grocery supermarket sector was once highly oligopolistic, but in recent years, European brands have expanded in the UK and have created a much fiercer competitive landscape. There are 4 primary British supermarket chains dubbed ‘The Big Four’: Tesco, Sainsbury’s, ASDA, […]
Cawston, Chowdhury are tapped for top positions at the new company.
Dachser promotes Burkhard Eling to CEO; GlobalTranz hires Bryan Foe as SVP; the Containerization & Intermodal Institute appoints Randy Bayles to its board; and Illinois Railroad Association taps Michelle Kelm as executive director.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Border bridge project gets presidential permit; Honda to build electric vehicle in Mexico; Texas-based Spirit Truck Lines acquired by Forgelight; and CBP seizes meth hidden in tortilla press.
Bison Transport, one of Canada’s largest trucking companies, has been acquired by Canadian agricultural and industrial conglomerate James Richardson & Sons.
XPO gets most of K + N’s U.K. contract logistics business.
DHL Freight promotes two and ev Transportation appoints two to board.
Russia is shipping its COVID-19 vaccine to several countries, including Argentina.
Railcar lessor GATX acquires tank container lessor Trifleet in 175 million euro deal.
Volga-Dnepr is bringing back one of its An-124 jumbo freighters after an accident forced the company to temporarily ground the fleet for safety checks.
The United Arab Emirates has its first doses of Pfizer coronavirus vaccine thanks to a free delivery from national airline Emirates.
Canada now has two COVID-19 vaccines in circulation. FedEx Express flew in the first shipment from Europe on Thursday.
IoT leader Samsara makes it into the FreightTech 25. Ranked No. 16, Samsara has seen rapid innovation, product updates and customer growth.
Canadian Pacific has announced a pilot project to develop North America’s first line-haul hydrogen-powered locomotive.
Disruptions in one corner of the world can impact operations at home. With the turbulence of 2020 hopefully behind us, Global Supply Chain Week will examine where the dust has settled and share lessons on reacting to the enormous disruptions of the previous year.
Drayage provider ContainerPort Group announces intermodal terminal operator FSI Inc. will start operating under the CPG banner at the beginning of the year.
AIT Worldwide Logistics is expanding its international footprint with the purchase of a German freight forwarder.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Three new intermodal hubs signed for the Texas Gulf Coast; jury awards $500,000 for damage from truck accident; NTG promotes Drew Herpich to chief commercial officer; and Volkswagen links U.S.-Mexico factories through cloud services.
TorQuest Partners buys VersaCold Logistics Services, a major Canadian cold storage provider with a large cross-border trucking operation.
Three Taiwan-based manufacturers are bringing 400 jobs to Santa Teresa, New Mexico, in 2021.
A UPS plane delivers Canada’s first shipment of Pfizer-BioNTech COVID-19 vaccines as national rollout begins.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Automotive manufacturers are building in Mexico; FedEx Express expands in Querétaro; Dunavant Distribution expands in Houston; and agents stop over 200 people being smuggled in commercial trailers.
The closure of the U.S. land borders with Canada and Mexico for nonessential travel will extend through Jan. 21, though commercial trucks remain exempt.
The European Commission has released its Sustainable and Smart Mobility Strategy. Massive investments and infrastructure are needed to meet the EU Commission’s sustainability milestones.
In an interview with FreightWaves, SSI Executive Director Andrew Stephens talks about zero-emission shipping fuel and sustainability challenges.
Leading supply chain experts will share their insights on what happened to the supply chain in 2020 and look ahead to 2021 as part of FreightWaves’ North American Supply Chain Summit on Tuesday.
FedEx Canada and Innomar Strategies secure a Canadian government contract to distribute millions of COVID-19 vaccine doses.
Major railways are classified as leaders among thousands of companies that disclosed climate information to the CDP this year.
Canadian flatbed trucking company BLB Transport shuts down after a bank pulls its credit, but an asset sale to another carrier is ensuring that most drivers get back on the road.
Beyond the EU, the U.K. will have to busy itself establishing bilateral air service agreements with other countries as well.
Antonov Airlines is bringing back its mammoth An-225 freighter, the only one of its kind in the world, to help alleviate a shortage of aircraft following the grounding of eight An-124 jumbo jets for safety reasons.
Express carriers like DHL are getting slammed with e-commerce shipments as the holidays approach, and transportation contractors like Cargojet are throwing resources into the response.
DHL will be the first to deliver COVID-19 vaccines in Germany. Integrated logistics companies like DHL, FedEx and UPS have an advantage with their closed networks and sophisticated delivery methods for keeping vaccines at the correct temperature.
New data shows cargo continued to rebound in October thanks to strong North American market and economic fundamentals. By next year, the air cargo market will be back to 2019 levels, while the passenger sector struggles to survive.
The GEODIS Women’s Network “is also intended to improve the reputation of the logistics and transport industry, a field traditionally dominated by men.”
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Officials want to create a new free-trade zone along the US-Mexico border; DFW Airport invests in a data-sharing platform; Mexico sees a record trade surplus in October; and Mexico announces 29 new infrastructure projects at $11.5 billion.
The freight-forwarding arm of Canada’s Manitoulin Group has bought Chicago-based World Wide International Logistics, its third acquisition in the United States.
The railway has started reaching out to First Nations groups and the broader public to share its plan.
Canadian supply chain software firm Descartes Systems Group continued to aggressively grow profits in the third quarter as it set a record for revenue.
CP will serve Hapag-Lloyd at the New Brunswick port through 2025.
Canadian fuel distributor Parkland Corp. says it is investigating a cyberattack after a ransomware gang claimed it hit the company.
Wabtec shares its “30 by 30” strategy for combating climate change. Greenbrier plans to track its emissions and energy intensity in 2021.
UPS and a Russian all-cargo airline collaborated to move the first shipment of a Chinese-made COVID-19 vaccine.
Canadian electric truck and bus manufacturer The Lion Electric Company expects to list on NYSE and raise $500 million after combining with blank check company though a SPAC merger.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Arizona-Mexico border trade recovering slowly; Averitt Express expands in Laredo; Port of Brownsville FTZ ranks No. 2; and CBP nabs $3M in narcotics at Pharr International Bridge. Arizona-Mexico border trade recovering slowly Cross-border trade between Mexico […]
Volga-Dnepr said it is taking safety precautions by grounding its fleet of mega-freighters. One of its An-124s was involved in a serious accident earlier this month.
A top general in the Canadian Armed Forces will oversee Canada’s COVID-19 vaccine distribution efforts as questions mount over timetable and logistics.
Air Canada is showing itself to be one of the most innovative airlines around. It plans to start an all-cargo subsidiary on top of new initiatives in drone delivery and seatless aircraft that can carry cargo in the cabin.
AIT Worldwide Logistics expands its global operations with the acquisition of final-mile white-glove specialist Panther Logistics.
Hapag-Lloyd and ONE chief executives will lead the “unified voice of liner shipping.”
The rules reflect the latest science on fatigue management, Transport Canada says.
Canada-based maritime terminal operator QSL becomes full owner of Transport Watson & Sycamore, a heavy-haul trucking company based in Quebec.
Nuvocargo’s meteoric growth continues with four new hires aimed at expanding the company’s global reach.
Canadian Prime Minister Justin Trudeau said his government will be ready to distribute vaccines “as quickly as possible,” but acknowledged that the manufacturing countries will prioritize their own citizens first.
In today’s edition of The Daily Dash, tightness in the reefer market could drive up the price of COVID vaccine distribution. Plus, a charity group is helping truckers in need this year, and investment firms are buying into digital freight brokerage.
As a major shareholder of CN and CP, TCI Fund Management has submitted proposals for climate action. TCI also requested shareholder votes on climate plans at yearly meetings.
The Ysleta-Zaragoza International Bridge in El Paso, Texas, will be closed to northbound truck traffic for two weeks to allow for upgrades on the Mexican side.
CP’s partnership with Maersk is starting early, with the first vessel coming into Vancouver in December versus March 2021.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: more factories and jobs for Mexico; Penske truck leasing adds Texas facility; BH Properties acquires logistics warehouse in Laredo; and driver and dog killed in crash with tractor-trailer.
Canada and the U.K. reach an interim trade agreement ahead of the exclusion of the U.K. from CETA at the beginning of 2021.
While critics who oppose the USMCA believe this deal will ultimately disincentivize automotive companies to keep manufacturing facilities in North America due to an increase in production costs, there are strong country-of-origin protections in place that we believe will intensify North American automotive production.
The U.S., Mexico and Canada have agreed to keep their land borders closed for nonessential travel until at least Dec. 21.
A newly minted truck driver told investigators he didn’t know about $2.8 million worth of marijuana hidden in a shipment of pork he was hauling from Canada to Texas.
Net profit skyrockets by more than 2,800% to $144.4 million.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
Many companies may have been paying tariffs on imports from China they were not required to pay. C.H. Robinson is trying to help businesses identify what they may be owed ahead of a Dec. 31 deadline to apply for reimbursement.
In today’s edition of The Daily Dash, FMCSA tells Washington state it can no longer enforce state meal-and-rest break rules on truck drivers operating under HOS regulations. Plus, carriers continue to be in a strong position as peak season rolls on, and delivery robots are suddenly in hot demand.
The Canadian government prequalified FedEx Canada, UPS Health Care, McKesson and Kuehne + Nagel to bid on a contract to distribute millions of COVID-19 vaccine doses.