FedEx named as suitor for German parcel company
FedEx reported to be exploring alternative growth path in Europe through stake in German parcel company Hermes.
FedEx reported to be exploring alternative growth path in Europe through stake in German parcel company Hermes.
Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
Canadian heavy equipment hauler secures Chapter 15 bankruptcy protection, clearing the way for the company to court buyers and investors for its trucking and crane assets in Alberta and Texas.
Wunder Mobility launches new offering that will make the company an all-in-one mobility solutions platform.
The intertwined economies of the U.S. and Mexico mean that trade will play a large role in the economic recovery of both nations from COVID-19-related shutdowns.
Canadian supply chain software provider posts a 51% increase in net income, but says it will reduce its global workforce by 5% in the face of economic uncertainty
APL England escorted to Port of Brisbane after 40 containers are lost and nearly 75 others are damaged
“Crew changes cannot be postponed indefinitely,” warned the world’s largest maritime and air transport organizations.
The courier and less-than-truckload subsidiary of Canada’s postal carrier had a decent first quarter considering the impacts of COVID-19 and C$1 billion expansion of its network.
The retail apparel sector has been among the hardest hit by the COVID-19 pandemic. Learn how international trade, supply chains and tariffs complicate things further.
Canadian judge approves heavy-equipment hauler’s plans to operate under creditor protection as CEO urges U.S. bankruptcy court to recognize proceedings.
The Canadian government shifts from planes to ships to import larger volumes of personal protective equipment and other medical supplies for COVID-19 pandemic.
Authorities blame heavy seas off Australian coast for loss of medical supplies, household appliances and building materials
Trucking and crane services provider pursues interim financing and court approval to market its Canadian and U.S.-based subsidiaries while under creditor protection.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: CBP beefs up security at US-Mexico border; Kenworth restarts truck factory in Mexico; Love’s Travel Stops opens new location in Laredo; Port of Brownsville ranks third for “financial resilience.”
U.S. retailers face two options: selling at a discount in the domestic market or going online to sell globally.
Ontario-based Joseph Haulage buys Bergland Transport to build on its growing business serving agriculture and food sectors.
Kuehne + Nagel’s Bill Rooney takes aim at RFQs and bunker surcharges in remarks to Agriculture Transportation Coalition
Ship calls and volume expected to pick up in July, officials from South Carolina and New York/New Jersey ports tell the Agriculture Transportation Coalition
Canceled shipments hurt carriers as much as blanked sailings sting customers, says Hamburg Süd’s president for North America
Panel of importers and exporters will advise the U.S. Federal Maritime Commission on policies of competitiveness, reliability, integrity and fairness in ocean shipping.
U.S. Federal Maritime Commissioner Rebecca Dye said Fact Finding 29’s work will help the American ocean shipping industry better prepare the supply chain for the post-virus economic recovery.
At least two governments, Australia and New Zealand, are helping to correct distortions in the airfreight market.
Agriculture Transportation Coalition hears pandemic’s effect on global movement of goods
U.S. Federal Maritime Commission finds sufficient credibility in Lake Carriers’ Association petition to support invoking rarely used 1920 Merchant Marine Act investigative authority.
Latest Canada Border Services Agency data shows uptick in commercial vehicle traffic in a good sign for cross-border freight.
Kriska looks beyond its cross-border bread and butter as it buys small drayage business from Wills Transfer
Supply chain management solutions provider project44 said it has shippers covered no matter where and how their cargo is transported throughout the world.
Alberta-based trucking and crane provider blames COVID-19 and the collapse of the oil sector as it looks to sell off its businesses in Canada and the United States.
As various parts of the nation and the world begin to open up, there will be logistical and supply chain issues. Darren Prokop explores those issues.
Nine carriers in the Digital Container Shipping Association say eliminating paper from transactions will improve all aspects of the process.
NCBFAA President Janet Fields has knowledge and skills to lead industry through worst of times, former association President Amy Magnus says.
Futuristic mobility company HyperloopTT uses virtual collaboration platform Workplace to seamlessly connect all of its spread-out employees.
Manitoba carrier Paul’s Hauling credited with helping avoid wider spread from terminal thanks to proactive siloing of employees and close collaboration with health authorities.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cross-border trade is key for economic growth; US-Mexico truck crossings declined 8% through April 2020; transportation software firm moving to Texas; and Laredo CBP finds $11 million worth of meth inside shipment of flooring.
Airlines need to reassure customers that airplanes are safe from coronavirus to win back their business. Enter Boeing, with its Confident Travel Initiative to help them develop best practices for doing that.
European Commission scrutinizing financial incentives from South Korean government
Apart from exonerating drivers from wrongful accusations in road accidents, dash cams can also help the fleet management reward top drivers and improve driver behavior.
“Inland waterways shipping does not fit into Imperial’s future development strategy,” said CEO Hakan Bicil.
German carrier is cutting costs and counting cash as the economic impact from the pandemic is expected to hit Q2 results.
Cervus Equipment’s Peterbilt dealerships had a strong first quarter, but the company says it expects COVID-19 will hit short-term demand.
Taiwanese carrier among Asian container shipping lines criticized for government subsidies.
CNBC’s Lori Ann LaRocco writes about the impact of COVID-19 on U.S.-China trade, particularly in regard to the trade war between the two nations.
Most crops don’t grow without seeds. But how are seeds for commercial farming transported? Darren Prokop explores this topic.
The path ahead will look very different, according to global seaport authorities.
Titanium Transportation Group depends on no single customer for more than 6% of its business. That diversification is paying off during the COVID-19 pandemic.
The new USMCA Center will facilitate the transition from NAFTA, update U.S. Customs and Border Protection regulations on pending USMCA issues, and provide guidance on new compliance obligations.
Titanium Transportation Group reports 13.6% increase in revenue on the strength of its growing brokerage business in the United States and steady performance from trucking.
Japanese carrier tempers profitability news with financial concerns.
“I hope like hell we never have to avail ourselves of it,” Challenger CEO says as the Canadian government emerges as a lender of last resort for the country’s largest businesses.
Food shipment volumes across restaurants and hotels are still down, while on-demand food delivery volumes have gone up during this pandemic.
The world of transportation has changed due to COVID-19. Read about how shipping professionals are adapting to those changes.
Brett Hart served six months in 2015-16 as interim CEO of United Airlines while CEO Oscar Munoz recovered from heart surgery.
Gene Seroka expects supply chain fractures may remain after the world heals from the coronavirus pandemic.
Emirates SkyCargo’s business fell in fiscal year 2019-2020, but the airline division is experiencing strong demand for its services during the coronavirus crisis.
One of the Middle East’s largest airlines targets freight to keep its more than 250 aircraft flying during the coronavirus pandemic.
Inadequate cybersecurity will allow attackers to hack into railway systems and stop trains, causing massive disruption to freight movement.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: U.S. supply chains’ future could be tied to Mexico and USMCA; Forager celebrates Laredo’s history as an international port; CBP aims to keep Mother’s Day flowers pest-free; Dachser Mexico offers new customs house brokerage services.
The transportation and warehousing sector sheds 10.4% of employees in April as Canadian Trucking Alliance calls for additional federal aid.
British Airways and its sister airlines are taking some comfort from increased cargo business and helping keep global supply chains intact, but the dominant passenger business is at least three years away from getting back to pre-crisis levels.
Canada’s trucks are moving more freight as volumes recover from a pandemic low, but bargain-basement rates and cash flow issues continue to weigh on carriers.
German container carrier also boosting lines of credit to tap if needed and holding off on buying new ships.
The U.S. wind energy sector is “a huge bright spot during these difficult times,” said Gene Lemke, vice president of projects at Anderson Trucking Service.
The need for social distancing will push companies to look at increased automation of their warehouses.
Canadian e-commerce firm says Q1 saw the largest increase in merchants joining Shopify Fulfillment Network as $1 billion push into Amazon’s territory continues.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. A funny paradox says that there is a […]
Singapore-based container carrier digs out from $586 million fiscal-year loss to report $105 million profit and procures 5,000 40-foot units.
Some national chapters are offering memberships to those working at sea during the coronavirus pandemic.
U.S. Federal Maritime Commission asks lawmakers to consider “financial bridge” to help container terminals make their lease payments.
Celadon Group says White Willow Holdings made the most viable offer for its Mexico trucking and logistics subsidiaries after a proposed sale to P.A.M. for $7 million fell apart, according to court filing.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Trucking schools see demand surge during coronavirus; $11.5 million drug bust at Laredo’s World Trade Bridge; cargo theft of trucks in Mexico up 25% during pandemic; Arizona fast-tracks project to expand truck parking on Interstate 40.
Shippers and forwarders will be cautious with how much cargo they commit to the ocean container carriers this contract season, industry experts say.
COVID-19 can accelerate many existing but slow-moving trends in the industry as it has forced changes in behavior and altered industry priorities.
Combined transportation and logistics powerhouse grows gross profit despite impact from COVID-19.
International association of forwarders says members have tools and knowledge to ease container-shipping pain of the COVID-19 pandemic.
International organizations calling for show of solidarity as well as recognition of COVID-19 as occupational disease.
COVID-19 pandemic challenges American seed producers to secure airfreight capacity to meet spring planting.
Resilience360 recently released reports analyzing the impact of COVID-19 on trade between the United States, Canada and Mexico.
“We’ve definitely seen things coming back,” Energy Transportation CEO says as a key measure of truckload volumes in Canada rises 27% over two weeks on FreightWaves’ SONAR platform.
Distribution patterns expected to change in post-coronavirus world.
Regulatory guidance is expected to be significant to American shippers facing container availability charges from carriers and marine terminals during COVID-19 pandemic.
Hong Kong-based shipping line says first-quarter volume was down less than half a percent despite pandemic.
UPS faces economic and other challenges in the wake of COVID-19.
The smallest of the standardized ocean containers in the global fleet remains ideal for dense, heavy agricultural goods, forest products, and machinery shipments.
Employees will test devices that vibrate when wearers come too close to protect them from coronavirus infection.
The COVID-19 pandemic has created the need for social distancing, even while working. For the freight industry, the adoption of autonomous vehicles might be a good start.
Service contract negotiations between container carriers and shippers are being disrupted by the COVID-19 pandemic, the U.S. Federal Maritime Commission says.
A CFO, government affairs VP and two life science sales directors are hired and a Florida Customs Brokers & Forwarders Association board appointment is announced.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nuvocargo raises $5.3 million for cross-border freight operations; Nogales importers donate free produce to the community; cargo at Mexico’s seaports decline during the first quarter; CBP seizes 352 pounds of marijuana at Santa Teresa port of entry.
As a plunge in freight volumes and rates take a toll, Canada’s trucking industry seeks relief on payroll taxes to hold on to precious cash.
While suffering a significant drop in cargo volume during the coronavirus pandemic, the seaport stands “ready to help position America’s industries for future success,” says Executive Director Gene Seroka.
The 24,000-TEU Algeciras will make maiden voyage from Qingdao, China, on Monday.
“We expect that more shippers will shift from just-in-time supply chains to just-in-case supply chains,” U.S. CEO Mark McCullough said.
Delta Air Lines is increasing the number of scheduled cargo flights between Asia and three U.S. cities, using its passenger aircraft as substitutes for freighters.
Canadian transportation and logistics company says it laid off or furloughed 1,000 employees as it posts first-quarter results.
The German shipping line says it has cut CO2 emissions per transported TEU by about 50% since 2008
Container equipment shortage exacerbated by COVID-19 pandemic stresses upper-Midwest soybean exporter trying to fill his springtime customer orders to Asia.
Canada’s largest transportation company reveals cutbacks as it reports a 16% jump in profits during the first quarter.
Canadian truck driver Nicole Folz learned that she tested positive for COVID-19 two weeks after falling seriously ill during a cross-border run in the US.