International

Upgrade expands carrier’s fast-pricing ability beyond contract rates

The transport and logistics sector witnesses thousands of cyberattacks every year, and it is essential for stakeholders to be wary of opportunistic threats and impersonation attacks to keep their operations secure.

FedEx on the ropes after awful fiscal q2 results, stock price plunge

Food and Drug Administration cites need for lower prices and reduced out-of-pocket costs to U.S. patients.

Hopes that last week’s trade deal might boost the beleaguered shipping lane are overly optimistic, says analyst.

New independent research reveals that lines are failing to adequately explain how IMO 2020 fuel bill surcharges are calculated.

Survey respondents expect pick-up in three months

Japanese ocean shipping giant is investigating how to make its ships greener with liquefied natural gas, hydrogen and batteries.

Well-known Pacific Ocean specialists Matson and Swire have joined forces to serve the South Pacific island nations.

Plunge in vehicle and auto parts shipments drive broader softness as manufacturing sales drop 0.7% in October.

Resilience360’s report on the impact of U.S.-China trade war discusses the uncertainty it has brought to global trade.

The European Green Deal is looking to shift 75% of EU freight traffic from road to rail and reduce greenhouse gas emissions by 90% by 2050.

Global logistics software provider WiseTech picks up South Korean customs clearer Ready Korea for just over A$20 million ($13.7 million).

International container operator DP World joins Asian and European feeder networks together; synergies – and tensions – abound, say analysts.

A Canadian lawmaker criticized Celadon Group’s abrupt closure of Hyndman Transport, calling it a “footnote in their thought process.” Byran May, a Liberal federal member of Parliament whose Ontario district […]

Santa seems likely to leave some coal in the airfreight industry’s stocking this year, but some see 2020 turning to glitter if the industry can get past what is poised to be a difficult Q1.

British transport associations call on Prime Minister Johnson to quickly agree a future trading arrangement with the European Union.

U.K.-based drone technology startup Skyports operates across London, Los Angeles and Singapore today and plans to be a leader in urban aerial mobility.

A trio accused of massive drug smuggling allegedly illegally directed customs-controlled shipments away from logistics operators to “unknown” locations.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Police find $3 million in barrels of pork headed for Mexico; […]

This week: Electric trucks deployed in Australia; new distribution center in Far North Queensland; high compliance rates with fatigue regulations; and container terminal truck charges.

The U.S. and China have reached a deal that will prevent additional U.S. tariffs on Chinese imports from going into effect on Dec. 15.

The U.K. is now almost certain to leave the European Union on Jan. 31. However, a no-deal Brexit remains a possibility.

After electoral win, the newly empowered Conservative Government will push through legislation to ensure the U.K. leaves the European Union as scheduled on Jan. 31.

GIC, Singapore’s wealth fund, has acquired a Pan-European logistics real estate portfolio that has an accumulated industrial space of over 1 million square meters.

Labor union inks pay deal to keep Christamas merry

Cathay Pacific didn’t waste anytime jumping on the Hong Kong airport’s offer to subsidize rebates of terminal handling charges as both organizations look to attract cargo business.

Japan’s leading boxship carrier becomes seventh to join NYSHEX’s platform for guaranteed slots.

After adjusting for Lunar New Year distortions, the growth rate for Chinese exports to the U.S. in November was the lowest since January 1996.

Shipyards are facing a scrubber stampede as container lines seek to sidestep paying for low-sulfur IMO 2020 bunkers beginning on Jan. 1.

IATA is optimistic that the trade wars, geopolitical tensions, Brexit and social unrest of 2019 will be less damaging in 2020, offering air cargo stakeholders welcome respite.

When demand falls, prices fall too — or they should. Yet on the southbound Asia-Oceania trade lane rates are up but volumes are down.

Americans for Free Trade spokesman Jonathan Gold said the White House needs to “finalize a deal with China to end the trade war and remove all tariffs.”

Freight forwarding giant details innovation required to balance sustainable packaging with customer satisfaction and product safety.

Cash-constrained carrier averts shutdown

Despite extensive general reporting to the contrary, a trio who imported a massive quantity of illegal drugs were not customs brokers or trusted traders.

While trucking companies stand to gain from a competitor’s collapse, they lament the loss of an industry stalwart.

Rep. Richard Neal, chairman of the House Ways and Means Committee, calls USMCA “a triumph for workers across America.”

Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface, it sounds like Chapter 11 […]

German-based chemical company BASF has reportedly planned to build a cathode factory in the state of Brandenburg, Germany, catering materials for electric car battery production.

Losses in Europe are estimated to now be costing businesses billions of euros a year.

Urban spaces are now seeing a trend where commuters are seeing sense in moving away from the concept of owning a vehicle for transit to picturing mobility as a service.

Port operator TasPorts allegedly sought to block a rival towage operator from offering a new service, according to new court filings.

The agreement is hailed as “a critical step forward in our economic and security partnership.”

Office of Foreign Assets Control adds Try Pheap and 11 of his companies to the Specially Designated Nationals and Blocked Persons List.

Airlines for Europe (A4E) lobbies policy-makers to support air cargo sector

The Commerce Department is expected to propose new rules that lower the U.S. content threshold for licensable reexports and when foreign-made products are subject to U.S. export controls.

Drivers “in shock” and blame the troubles of their U.S. parent company for causing Canada’s largest trucking failure of 2019.

The Swedish truck giant’s venture capital arm has invested an undisclosed sum in Autotech Ventures.

Shareholders of beleaguered U.K. trucking company Eddie Stobart have gone ahead and accepted a £55 million rescue deal that would help the company come out from the brink of administration. […]

Japanese shipping giant Nippon Yusen Kaisha (JPX: 9101) has taken out a 50 billion yen ($456.7 million) loan with an adjustable interest rate based on the company’s corporate social performance.

Consumers want more information about their food – where does it come from, was it ethically sourced, was it shipped in a safe and sanitary manner, etc. Ben Thrower provides information about how this trend is impacting food companies, growers and consumers.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Washington’s apple exports to Mexico continue to rise; Pharr International Bridge […]

Contributor Ben Thrower writes about the growing ties between the Chinese and European economies and the potential danger of those ties.

It’s scary days in Australia for truck makers and importers, as the volume of truck sales has fallen off a cliff. Also this week: road upgrades, drug-taking drivers, company debt and a parliamentary trucking inquiry.

Airlines insist that decision was mutually agreed

Prologis expands Chinese footprint with multi billion dollar investments

Manufacturers also call for the rapid roll-out of dedicated charging and refueling infrastructure to help reduce the share of trucks running on diesel.

Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.

The DHL Connectedness Index analyzes the flows of trade, capital, information and people across the world to understand its impact on globalization.

Dry bulk ocean carrier Jinhui Shipping of Hong Kong and Oslo has drifted into the red according to its third quarter results. Its nine-month results indicate the company may generate a loss this year.

“Undercover boss” believes average international airfreight shipment times should be at least a day faster. Experts agree the sector can up its game.

Tli Cho Landtran Transport and affiliates will be closed and possibly sold after losing C$18 million in the past year and facing mounting debt reaching C$60 million.

Airport has ambitious China plans

Road transport organization TAPA has welcomed the EU initiative of creating a safe truck parking standard, while advocating for collaboration with its existing truck parking PSR standard.

Job action would come during peak holiday shopping period.

Carrier offering thrice-weekly service between Zurich and Cancun.

The EU is pushing to bring carbon pricing to shipping, but there are a lot more questions than answers.

Canadian firm reports a largely expected 27% jump in net income in the third quarter as revenue increases 19%; CEO lauds “predictable results in an increasingly unpredictable business environment.”

Construction begins for the long-delayed project to triple the capacity of the Canadian oil pipeline to nearly 900,000 barrels per day.

Trevor Milton believes replacing diesel trucks with cleaner alternatives will improve the image of trucking and enable legislators to slash emissions.

French workers are demonstrating for reforms in their pension plan, leading to a protest that will see most employees of transport companies strike beginning on Dec. 5.

Air India, Alitalia and South African Airways may be facing a bleak future.

Port, engineering and property giant MMC shrugged off the trade war and economic headwinds to report massive increases in revenues and profits. Analysts issued a “buy” rating.

Integrated logistics provider and ocean carrier Harbour Link saw a boost in revenues but its costs grew too, causing its profits to weaken in the most recent quarter. A weak result in its ocean shipping division was a drag on profit as well.

An Office of the U.S. Trade Representative investigation concludes that a French tax on digital services discriminates against U.S. companies, such as Google, Apple, Facebook and Amazon.

CNl estimates eight-day disruption will trim C$0.15 per share from profits as CEO assures that recovery plan is “delivering results.”

The partnership between IVECO and Nikola Motors announced in September will roll out its first battery electric truck to European buyers in 2021. A fuel cell electric model will follow in 2023.

Expert explains why shippers based in the U.S. and beyond should prepare urgently for the worst-case scenario – a no-deal Brexit in 2020.

Vos Logistics has acquired SNEL Shared Logistics, which operates a 65,000 m2 warehouse in close proximity to the major Dutch cities of Amsterdam, Rotterdam, Den Hague and Utrecht.

In a now familiar story, another logistics company – in this case Tiong Nam – reports weaker quarterly results owing to a global trade headwinds. Analysts warn on liquidity pressures.

A U.S. man living in Singapore illegally presented technical information at the Pyongyang Blockchain and Cryptocurrency Conference in April on how North Korea can use blockchain technology to evade sanctions.

Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming demand for illegal drugs across […]

French-based 3PL FM Logistic has unveiled the Ergoskel, an ergoskeleton designed to assist warehouse employees to work around parcels without them taking a toll on their bodies.

Integrated logistics services provider Tasco, a subsidiary of Yusen Logistics and an NYK Group company, has reported flat second quarter revenues and costs but a surge in net profit. Its six month figures don’t look so great though and equities analysts are disappointed.

Canadian SONAR data show that trucks helped fill the void as rail capacity left the market – and then got a nice bump as it returned.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Ikea acquires 42,000-acre forest in Texas; Port of Brownsville gains approval for […]

In this week’s round-up of trucking stories from around Australia: truckers slugged by box terminal operators; truckers slugged by tax hikes; truckers slugged by safety regulators; drivers slugged by Queensland politicians; Freightliner Cascadia rolls into the Outback; Linfox buys 90-truck fleet to transport booze.

Spanish road freight startup Ontruck has acquired digital freight forwarding platform Briver, in an attempt to consolidate its market position in the Spanish region of Cataluña.

Airline unit to add aircraft and develop logistics platform

With solid financial results under its belt in its first outing as a listed company, Port of Napier has won praise from equities analysts. “A text book start as a listed company,” analysts said.

Trucker arrested attempting to enter Ontario from Michigan after Canada Border Service Agency officers find bricks hidden in boxes.

Government mulling options as rescue bid stalls

Dry bulk ship operator Malaysian Bulk Carriers has reported another set of losses. Barring unexpected positive developments, it may make a yearly loss. It is also reducing both long-term and current assets. The company has entered into working capital deficiency.

Courier, domestic and international logistics company GD Express reported a slowdown in total comprehensive income in its latest quarterly results. The company generated increased revenues but increased costs too. Profits shrank.

Last-minute meeting in Washington likely will hash out changes to make NAFTA’s successor palatable to congressional Democrats.

Prologis signs joint venture with Norwegian investment giant to buy 19 million square foot U.S. portfolio for nearly $2 billion

The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.

Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year loss in six years.

New joint venture replaces separate agreements