ItsMyCargo is a German technology startup that is looking to sell software to traditional maritime freight forwarders who can use technology to compete against recently launched digital freight forwarders.
The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.
Warehouse robotics market expanding quickly
“This is a smart move by both Fiat Chrysler and PSA to ensure their companies continue to be viable and relevant as the industry evolves.”
Canadian province will allow producers to exceed limits exclusively for rail shipments to meet higher demand.
Microsoft recently announced a $1.5 million investment in Ciudad Juárez, Mexico, to help expand companies in the manufacturing sector on both sides of the U.S.-Mexico border. The investment is part […]
Cargo revenue down for 3Q and nine months
Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.
Mitsui OSK Lines (MOL) recorded a major drop in revenues in the first half of its financial year as container earnings fell off a cliff and the U.S.-China trade war took its toll. But MOL was able to limit damage to operating profits.
Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were down. But box volumes rose. And analysts are bullish on the stock.
Results mainly driven by higher deliveries, a favorable mix and foreign exchange rate development
ElasticRun is an Indian logistics startup that connects convenience stores within specific regions and relays goods between them based on demand and lull times.
Platform addresses lack of delivery options in the Philippines
Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.
French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.
Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr – the most powerful storm ever in that sea-space. However, local sources advise that shipping through a globally critical oil chokepoint, the Strait of Hormuz, is unaffected.
Hutchison Port Holdings Trust (SGX: NS8U), a Singapore Stock Exchange-listed container terminal operator active in Hong Kong and mainland China, has reported a small decline in unaudited revenues for the nine months to September. That led to a 5% fall in profit after tax.
Hong Kong Stock Exchange-listed ocean container carrier SITC (HKEX: 01308) has reported increases in its unaudited third-quarter results despite a global trade slowdown and the China-U.S. trade war. SITC’s container revenues and volumes have both increased.
Investment will fund a new facility at DHL Express gateway at Hamilton International Airport to accommodate growing volumes.
Airline’s Pacific and Atlantic routes hardest hit as trade wars continue to take a toll on air freight volumes and yield.
World’s largest shipping line teams up with major customers in test of carbon-neutral fuel.
Cargo drone provider to launch logistics network to “elevate intermodal connectivity” at Edmonton International Airport and grow revenue.
InstaFreight is a digital forwarding company that enables seamless logistics and provides shippers with greater visibility into road freight movement.
CEVA Logistics, the third-party logistics subsidiary purchased by the French shipping giant in April, will cross-sell and share warehousing with Wing.
Canadian e-commerce company plans to scale its nascent U.S. Fulfillment Network in 2021, leveraging third-party warehouses and a robot-enabled platform from recent 6 River acquisition.
Fewer cargoes, lower freight rates, higher fuel costs and the consequences of operating a smaller fleet during a time of a slowdown in world trade has led intra-Asia specialist, Samudera Shipping (SGX: S56 / SAMU.SI), to report a net loss for the third quarter of the year.
Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.
Poor navigation and poor “bridge resource management” were the cause of the Maersk container ship, the Leda Maersk, running aground in a New Zealand harbor channel during fair weather.
Growing source of U.S. containerized goods imposes navigation restrictions due to sunken boxship.
Automaker reducing output and laying off about 450 workers at Oakville, Ontario, facility as its phases out Ford Flex and Lincoln MKT models, adding to woes of Canada’s auto sector.
Struggling flag carrier seeks to offload strategic stake
The U.K. was scheduled to leave the EU on October 31, but now has until January 31, 2020 to get a deal approved by Parliament.
Forager, a Chicago-based cross-border freight brokerage, announced the official launch of its new technology, SCOUT. The instant pricing and booking technology brings on-demand pricing and capacity to the United States-Mexico-Canada […]
CEO Alain Bedard says company may buy more firms in the United States as it looks to bolster underperforming logistics and final mile units and clean up market.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s government nears legalizing marijuana; U.S.-Mexico sugar trade agreement in limbo; […]
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.
CEO of Canada’s largest transportation and logistics company pushes for crackdown as carriers with dubious labor practices place unprecedented pressure on truckload business
Canadian national Alexis Vlachos, who was sentenced to prison last September, will not be able to export or receive anything from the U.S. for the next seven years, the U.S. Bureau of Industry and Security said.
Canadian firm’s earnings report reveals August purchases of Quebec cross-border carrier Craler and Georgia-based logistics provider
South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.
Canadian and U.S. trucking units continue to squeeze revenue and profits from uneven freight market as LTL and last-mile deliver uneven performance.
Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.
The U.S. Department of Commerce has opened an inquiry into whether companies are circumventing anti-dumping and countervailing duty orders on steel rebar from Mexico by bending the product “at one […]
Logistics investments are core assets for Norwegian oil fund
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Container ship lessor says charter rates on larger vessels is improving as supply falls.
Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.
Murray Mullen suggests freight market weakness could take carriers out of business, but says his company is ready to jump on acquisition opportunities to grow its less-than-truckload business.
Authorities in Mexico have proposed legislation to legalize around 18 million so-called “carros chocolates,” or chocolate cars – vehicles illegally imported into the country from the United States. If the […]
Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.
U.K. police are investigating whether human trafficking gangs were behind the deaths after 25-year old driver is arrested on suspicion of murder.
Tie-up offers more options between Europe and China
The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.
Aggressive action by Indonesia’s marine police is putting pressure on Southeast Asian pirates and the number of local attacks is falling, the crime-fighting International Maritime Bureau has reported.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.
Preliminary results in Canada’s federal election point to a minority government that will require the support of parties, which may push for stronger environmental policies.
Freight flows in and out of Japan may again be disrupted owing to the presence of ex-Typhoon Neoguri, located to the south east of Osaka, which is dumping huge amounts of rain onto a waterlogged Japan. Meanwhile, out in the far reaches of the Philippine Sea, near the Guam island group, Typhoon Bualoi is also lining up to threaten Japan.
Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.
Canadian transportation and logistics firm’s freight-forwarding arm makes second acquisition in two weeks, purchasing a company specializing in moving refrigerated cargo and renewable energy components across the world.
Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.
France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.
Nearly all maritime kidnappings and hostage-takings in the nine months to the end of September this year took place in or near the Gulf of Guinea, said global maritime piracy watchdog the International Maritime Bureau (IMB).
Conservative leader Andrew Scheer has vowed to kill carbon pricing, but polling points to likelier path to power for Justin Trudeau’s weakened Liberals – given support from third-parties with compatible environmental policies.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Transport Expo showcases Mexico’s trucking industry; Texas and Mexico officials host meeting to […]
General Motors (GM) reported that it has temporarily suspended production of its Chevrolet Blazer SUV at its manufacturing plant in Ramos Arizpe, Mexico. Production of the Blazer will be halted […]
The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.
Transported Asset Protection Association (TAPA) is looking to align its Parking Security Requirements (PSR) industry standard with the European Commission’s new truck safety at parking spots programme to quicken the pace of security offered for trucks at parking areas.
The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.
The U.K.-based logistics company has been given due diligence access to the scandal-plagued trucking firm’s accounts.
Connectivity, electric trucks and autonomous vehicles were highlighted by Peter Voorhoeve, president of Volvo Trucks North America (VTNA) at Transport Expo ANPACT 2019. The event, which is being held in […]
Meal-kit delivery company HelloFresh leverages data from last-mile movement and consumer feedback to make its deliveries precise and error-free.
French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.
Japan’s freight industry is set for a downturn on the back of declining economies in the U.S., China and the Eurozone, new research reveals.
Continental has partnered with SAP to standardize its manufacturing processes and gain real-time visibility into floor operations.
The Hong Kong Human Right Rights and Democracy Act, which unanimously passed the House of Representatives on Oct. 15, puts pressure on Hong Kong to uphold U.S. export controls.
Probable investors Atlantia and FS seek concessions
Cabin crew union in dispute over pay and pensions
IAG Cargo partners with Cargo Signal
Brexit is now only two weeks away but the dangers facing truckers and shippers continue to mount.
A boost to demand from higher commodity volumes and a reduction in supply owing to IMO 2020 low sulfur fuel regulations are giving a boost to the international dry bulk freight markets, says Hong Kong ship operator Pacific Basin (HKEX: 2343).
To reduce labor turnover, businesses will have to understand the needs of their workforce and look to innovate and optimize activities in and around the warehouse vicinity.
Condor cargo operations will be business as usual
Stephen Laskowski, president of the Canadian Trucking Alliance, calls out “small but growing” segment of the trucking industry that is circumventing regulations, including the practice of intentionally misclassifying employee-drivers as contractors
September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.
Court filings show that FTI, the Canadian sibling of HVH, had more than C$18 million in debts including C$16 million to U.S. Bank in one of the country’s few documented trucking failures of 2019.
FreightWaves finds growing evidence that manufacturers and distributors are transferring operations from the U.K. to northern Europe.
European shippers have joined with leading container line analyst Drewry to bring order to the “who pays what” implementation of IMO low-sulfur fuels.
Although Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding.
Maritime carriers are leaving up to US$110 on the table every time they carry a box, according to research from startup MizzenIT. And that means ocean carriers could be missing out on hundreds of millions of dollars a year simply by not charging the right price.
British Airways parent commits to ambitious emissions reduction goal
Saudi Arabia eyes multi-billion dollar logistics project; a pot warehouse in ruin; China logistics activity rebounds
Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers are poorly placed ahead of annual contract negotiations, says Drewry.
Freight volumes in and out of Japan’s busiest port, the Port of Tokyo, have declined in the first six months of 2019 compared to the first six months of 2018, new comprehensive data shows.
Group accused of hijacking of truck with 8,500 mobile devices, stealing three commercial vehicles and attempting warehouse robberies in an unusually well-planned and brutal case of cargo theft in Canada.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Halliburton lays off 650 oil and gas workers; DHL expands cross-border […]
An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.
It has been a dramatic week in Australian trucking: strip club bus-truck crash; nine months of jail; massive infrastructure works; trucker death; call for mandatory brakes; beer crates. And more!
“Finally, a ray of hope for the U.S.-China trade relationship,” said Myron Brilliant, U.S. Chamber of Commerce’s head of international affairs.
