Trucking, freight and international forwarding business TIL Logistics (NZX: TLL) of New Zealand has reported solid revenues of NZ$355.1 million (US$226.94) and a small net profit after tax of NZD$4 million (US$2.56 million).
Canadian logistics software company purchases U.S. firm whose TMS suite specializes in flatbed moves in North America and the EU.
Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California. Industry professionals said the longer wait times are […]
Sanguine outlook could flip, but retailers look well stocked ahead of peak season.
Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…
Canadian firm secured C$45 million loan from U.S. commercial financer Great Rock Capital to expand operations.
Long-delayed project to bring more of Western Canada’s oil to market gets under way, slated for completion in 2022.
The United States and Mexico have reached a deal to avoid a tomato anti-dumping investigation, ending a tense tariff dispute that had lingered for months. The deal was first announced […]
Conservative Andreas Jung floats increased fees for trucks and investing the proceeds in railroads to fight climate change.
Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.
Napier Port, located in Hawke’s Bay on the North Island of New Zealand, has begun trading on the New Zealand Stock Exchange (NZH) at an offer price of N$2.60 (US$0.64), raising NZ$234 million (US$149.94 million).
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
Canada Pension Plan Investment Board to acquire up to 8 percent of fast-growing e-commerce fulfillment company.
The United States-Mexico-Canada Agreement (USMCA) was the hot topic at the most recent meeting of the Laredo Motor Carriers Association (LMCA). Trucking industry leaders, customs brokers, freight forwarders and trade […]
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.
The world’s biggest coal port moves forward with US$500 million plans to import LNG into Australia… which is the world’s biggest LNG export nation.
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand.
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
Shuttering of Northern Pulp in Nova Scotia would remove millions of dollars of freight spent – and potentially put some trucking companies out of business.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more […]
Australia’s road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In other Down Under Trucking news: mistake is no defence to trucking crime; supermarket boosts safety after loading dock death; logistics giant snaps up drayage business; CTI Logistics expects a small profit.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
American Trucking Associations (ATA) praised the fact that 53-foot intermodal containers won’t be subject to the next round of Section 301 tariffs on China. The Office of the U.S. Trade […]
Kobo360 is one of the most recognized FreightTech players in Africa, helping shippers connect with carriers in a market riddled with severe visibility and transparency concerns.
Rupert Hogg, CEO, and Paul Loo, Chief Customer and Commercial Officer, have both quit their jobs at Cathay Pacific. The company has appointed two replacements.
Canada’s largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.
Canadian Larry Ash welcomes carrier’s dismissal of fellow trucker he recorded making a dangerous pass in British Columbia.
Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.
Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up for hours, said officials in […]
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.
Meritor, Inc. is growing its manufacturing footprint in India by 25 percent with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor also is opening a research and development center in Mysore.
Transportation and logistics firm plans additional brokerage offices in the United States, while CEO suggests a willingness to make an asset-based acquisition.
There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.
Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand.
Canadian transportation firm posts a 19 percent drop in revenue on tougher freight market on both sides of the border.
Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing “an important advantage a major global trading route.”
As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates, experts told FreightWaves. Protests at […]
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a […]
Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.
Japanese gas explorer, prospector and transporter INPEX (JPX: 1605), which is listed on the Tokyo Stock Exchange, announced a solid upswing in revenues, operating income and net income.
Australian bulk rail freight operator Aurizon (ASX: AZJ), which owns one of the world’s largest coal rail networks, reported a 15 percent decline in full year profits. Statutory earnings before interest and taxation (EBIT) were down by 14 percent and revenues were down 7 percent.
U.K.-based Deliveroo is exiting Germany, citing difficulties in maintaining the level of customer service that it offers across its other markets.
Atlanta is building Spaghetti Junction II. UK drug companies will take matters into their hands to get goods to market in no-deal Brexit; YRC consolidation is key to survival
Canada’s largest airline gets backing from Transat’s largest investor for C$720 deal after real estate developer attempted to block acquisition.
Canadian government to invest C$18.5 million for logistics system, bridge, signs and “intelligent” communications to boost flow of trucks as part of a broader effort to improve trade infrastructure.
All flights into and out of Hong Kong have been shut down by the Hong Kong Airport Authority owing to the occupation of the airport by protestors.
Pullback in Ontario, British Columbia and Manitoba appears to normal correction following hiring uptick, economist says.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: new FAST lane in Laredo, Pharr Bridge sees mixed results, sales of […]
Port Laredo and the Port of El Paso reported declines in total trade volumes for the first six months of 2019, compared to the same period last year. Laredo’s trade […]
In Australia this last week: police criticized two truckers who died in very adverse visibility conditions; a serial trucking offender was hit with a big fine plus legal costs for numerous legal infringements; more electric vehicles on the road; trucking association wants electric vehicles to be taxed; advanced brakes company wins big order; toll road operator raises half a billion dollars but analysts are unimpressed.
Freight markets were steady this week as tariffs fuel volatility in stocks and bonds.
The blockchain project is in collaboration with Daimler Trucks and seeks to secure and automate machine-to-machine payment processes.
Chinese tariffs are impacting American agriculture. But declines in exports to other countries are also hurting American agriculture.
Many of north-east Asia’s mega ports are directly in the path of two super-typhoons. The first is about to blow in from the Pacific and will make landfall within the next few hours.
China’s ports are the most connected ports in the whole world, mega-study reveals. Ports elsewhere in Asia flesh out the top twenty. U.S. ports don’t make an appearance until way down the list.
Continued weakness from its Canadian Peterbilt dealerships adds to steep decline in Alberta company’s agricultural equipment business.
United States Customs and Border Protection (CBP) inspection policies “don’t reflect new technology or threats” and are “outdated,” according to an August 6 report from the Government Accountability Office (GAO). […]
A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.
DHS concurred with the four recommendations made by the congressional watchdog agency.
The Canada Pension Plan Investment Board is set to get controlling interest in the company that operates the highly profitable Ontario Highway 407 electronic toll road.
The U.K. imports a bulk of the food it consumes from mainland Europe, and this might be a problem in the event of a no-deal Brexit.
A hard departure from the European Union will hit availability of fresh foods and increase costs as British supply chains contend with port delays and backlogs, industry group says.
PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks to Iran between 2013 and 2015.
FreightBro is a digital enabler that helps digitalize and automate several manual operations within the shipping industry, tailored to suit small- and mid-tier freight forwarders.
Stalco, a Toronto third-party logistics provider, takes advantage of duty-free limits to legally fulfill online orders of Chinese goods to consumers in the United States without incurring President Trump’s trade-war tariffs.
Chinese port throughput volumes (all cargoes) for the first half of 2019 are up 7.3 percent compared to the first half of last year, according to the latest official Chinese data. First half 2019 foreign cargo volumes through China rose 2.5 percent compared to the prior corresponding period. And box throughput rose 5.1 percent. Read on to find out more!
Deutsche Post DHL posts single-digit revenue, profit gains, lifts low end of full-year earnings view
As the United States-China trade war frightened stock markets on August 5 into their worst day of the year, some analysts said Mexico could find a silver lining in increased […]
The State, Treasury and Commerce departments are ramping up to implement an Aug. 1 executive order from President Donald Trump that imposes a second round of sanctions against Russia.
Didi Chuxing has spun off its autonomous driving unit as an independent company following discussion of raising fresh capital with its existing shareholders and potential investors.
The United States and Mexico are on the brink of yet another trade war – this time pitting U.S. farmers against Mexican tomato growers and importers. The debate centers around […]
Logistics startup Rivigo has introduced the National Freight Index in India, which will allow users to access individual lane level information in 1,500 locations across the country.
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
Transplace finds a disparity in consumer goods trade leads to large spread between north and southbound traffic – and a Canada backhaul “tax.”
In Australia this week… new tunnels and roads to eliminate trucks; cattle and driver nearly burned alive; human remains found after truck explodes; controversial logistics software company vows to fight class action and the regulator; I’ll huff and I’ll puff and I’ll blow… you off the road!
A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie […]
The FreightWaves basket of top freight markets all posted positive numbers this week.
Goods like clothes and toys are on the proposed tariff list.
Japan’s Cabinet on Aug. 2 approved a measure that will allow the Ministry of Economy, Trade and Industry (METI) to impose new licensing policies and procedures on exports and transfers of controlled items to South Korea.
The deal reached in Washington on Friday will allow the U.S. to nearly triple its beef exports to Europe.
The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.
Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.
Leaders of a farmers’ protest in Mexico said if negotiations don’t progress with the government of President Andres Manuel López Obrador, the “next blockade” will be twice as large as […]
Canadian digital-freight matching platform seeks to list on TSX Venture Exchange with “conservative” C$34 million valuation.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Chinese billionaire Liu Zhongtian, former president of China Zhongwang Holdings Ltd., was indicted by federal court in Los Angeles for allegedly evading $1.8 billion antidumping and countervailing duties on aluminum shipments.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.
Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation. But overall demand remains tepid as it lowered […]
Canadian Pacific Railway (TSX:CP) (NYSE:CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability […]
Canadian rail and trucking sectors expand as nation’s GDP increases by 0.2 percent, capping its best three-month period in two years.
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
Tariffs and USMCA were among the topics discussed during Tuesday night’s presidential debate.
A small business exporter highlighted the benefits she has reaped from de minimis exemptions during a Senate Finance Committee hearing Tuesday.
Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract
Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was […]
