Trade growth, demography and land use changes in the city of Melbourne, Australia, have made necessary a shift of freight from truck to rail, according to an analysis by Melissa Horne, Victorian Minister for Ports and Freight.
RIO aims to connect different stakeholders within the transport logistics segment and push the industry towards digitalization.
Freightos will offer real-time quotes and booking on Europe’s third-largest air carrier as part of the company’s growing online freight marketplace. IAG Group, the holding company for British Airways and […]
Agreement between Canada’s largest airline and Drone Delivery Canada creates a platform to roll out autonomous cargo aircraft on a large scale.
Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.
Canadian freight brokerage buys Ontario-based non-asset firm that specializes in the manufacturing sector.
Market expert Cathy Roberson writes about the decline in global air cargo traffic; the only bright spot is in Latin America. Read why!
Trade war tariffs are hurting the competitiveness U.S. businesses working in China, according to the American Chamber of Commerce in China (AmCham China). Tariff troubles increased over the weekend as the latest round of Chinese tariffs on $60 billion of U.S. goods began on Saturday, June 1.
Nearly C$50 million from the Canadian government will allow more cargo to move between terminals via rail, while rerouting rigs away from eastern city’s downtown.
Flexport hired a former White House trade and economic advisor in a bid to harness research from the digital first forwarder’s datasets and to help customers navigate the shifting sands […]
Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.
Diesel prices fall in the western Canadian province as a leader makes good on a campaign pledge. But the Trudeau government plans impose a federal surcharge soon.
Deadly crash treated as a potential murder/suicide; Mainfreight reports US$1.93 billion of revenues; druggy truckie gets 14 months; freight costs revealed.
Canadian transport firm says cross-border truckload and intermodal division had struggled with weak freight market in Northeast U.S.
Longshore workers and employers reach tentative agreement on a contract, putting a quick end to what would have been a costly disruption for Canada’s economy.
Move effectively brings Port of Vancouver, Canada’s single largest trade hub, to a standstill as longshore union and employers press on in federally mediated negotiations.
Taiwan-based box-shipping line, Yang Ming, has set up shop in Jakarta, Indonesia, with joint venture partners. The new subsidiary will be known as “PT Yang Ming Shipping Indonesia”.
Escalation in labor dispute threatens to put a stop to maritime trade across the province, including Vancouver.
On your first WTT?!? of the week, Chad and Dooner welcome everyone back from Memorial Day and hit the ground running with all the latest breaking news and deadlines. Emily celebrates her 30th birthday by hosting Big Deal/Little Deal. We also launch our new game show Market Expert Trivia with Reid and Kyle, plus Moody is on the Move, and another rousing round of Comment Section Rodeo, and the guys spend a little time discussing Sly Stallone’s filmography.
Beijing’s new dry bulk shipping regulations give the Chinese authorities powers to issue stop/suspend work, to redirect vessels and to prevent entry or exit from ports. There are a variety of monetary penalties for non-compliance.
A second seafarer was yesterday found dead following the collision of two cargo ships in the early hours of Sunday morning.
A crackdown on plastic waste illegally ocean-shipped to Malaysia took a dramatic turn last night. The country’s environment ministry announced that it would be sending 450 metric tons of contaminated plastic waste in 10 maritime shipping containers back to their countries of origin.
Case involving 8,800 pounds of undeclared products highlights the long-standing practice of sneaking lower-priced U.S. dairy products across the border.
DHL, FedEx and UPS have dominated the global express market for years but recently, China’s express providers (including YTO Express, STO Express and SF Express) have been nipping at the […]
A deadly maritime accident has killed several people during a ship repair job in China. Accounts differ but it is clear that either eight or ten people are dead. A further 19 were hospitalized and are believed to be in a serious condition, but stable.
International Longshore and Warehouse Union begins “limited job action” and says it will not disrupt trade at Canada’s busiest port as contract talks continue with a federal mediator.
A no deal Brexit or remain are still on the cards in Britain as European elections polarise the electorate further.
A report indicates that the EU is slow to adopt alternate truck fuels. Indian logistics startups are flourishing. Chinese logistics firms that help Chinese businesses relocate are winners in the US-China trade war.
An explosion and fire that tore through a berthed container ship at the weekend caused 133 people to be hospitalized.
Trucker Jobandeep Sandhu is fighting his deportation from Canada after he exceeded the limit on his student visa.
Australia’s a big trucking nation, but you wouldn’t know it from the way some road users drive. Also in this week’s Down Under Trucking: carelessness not terrorism; fugitive truck driver; police and regulatory enforcement.
Planned walkout by 2,000 ILWU members at Global Container Terminals’ Deltaport and Vanterm facilities would seriously disrupt operations at Canada’s largest port.
The Chinese Belt and Road Initiative aims to create seamless freight movement between Europe and Asia, but the sustainability aspect of the project is still unclear.
On this special Memorial Day weekend edition of What The Truck?!? we have all the latest news in FreightTech, supply chain, and trucking – including a focus on Craig Fuller’s state of the industry report, Earnings Over/Under, On The Radar, Fast Paced Forecast, and some hot tips on how to spend your holiday weekend. All this and more on WTT?!? Subscribe now on Apple Podcasts, Spotify, Stitcher, or your favorite podcast player choice and never EVER miss an episode. No paywalls, no borders.
The race to become the new Prime Minister of Great Britain and Northern Ireland has begun with Theresa May’s announcement that she will stand down on the 7 June.
China’s ports have handled just under 4.3 billion tons of cargo between January to April. The country’s main seaports have also handled 82.3 million TEU.
A looming workforce supply gap in the freight forwarding sector has caused the industry to reach out to over one million high school students.
C.H. Robinson (Nasdaq: CHRW) added to its European business with the acquisition of an Italian truck brokerage. The Eden Prairie, Minnesota-based company announced it bought Dema Service S.p.A. Dema Service […]
Prime Minister Theresa May is clinging to power as another minister resigns and polls show that Tories will have a catastrophic European election.
A crew sailing off the coast of Singapore had a close encounter with pirates late last week, according to a new report from ReCAAP, the south east Asian anti-piracy center. […]
U.S. President Donald Trump is pushing ahead on the successor of NAFTA following the end of tariffs on Canadian and Mexican metals.
Market expert Cathy Roberson looks at how Amazon is using partners in both the U.S. and Europe to expand its operations in both regions.
Pilot with Alberta carriers aims to test the viability of fuel cells with heavy hauls.
Conservatives and Labour members rejected PM Theresa May’s latest attempt to get her Withdrawal Agreement through Parliament. The deal looked dead in the water, minutes after May’s speach.
Chinese shipping giant Cosco (HKEX: 1919) was last weekend given, for free, 45 percent of the equity of ports and shipping operator, Hainan Shipping Holding. Cosco’s not just getting a […]
Today on WTT we take a deep dive into the Idaho Hemp Trucker fiasco with journalist, Linda Baker, CEO Jacob Findlay has some huge news concerning FullBay, McLeod announces two new products, plus all the latest headlines, Big Deal, Little Deal, and the very first Comment Section Rodeo!
All this and more now on WTT?!?
A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for […]
Slower clearance times feared for trucks entering the U.S. after 731 officers reassigned because of migrant crisis.
Ever wondered where trucks go? Wonder no more. A massive telematics study tells us exactly how and where trucks move. Also: health and safety, daylight robbery, law reform and compliance.
Sub: Removal of levies on aluminum and steel end costly trade dispute – but both nations reserve right to resume them in response to dumping.
What The Truck?!? is sending you into the weekend with all of the latest headlines and top stories from FreightWaves.com, as well as Earning Over / Under, On The Radar presented by SONAR, Fast Paced Forecast, and so much more. Let’s bang a little cowbell for the weekend and celebrate the launch of WTT?!?’s expansion to two episodes a week!
Subscribe now on Apple Podcasts, Spotify, Stitcher, or your favorite pod player of choice.
To book a free a SONAR demo visit FreightWaves.com/SONAR
BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.
Chill winds from the Chinese economy have caused Australian freight forwarder Wiseway to downgrade its anticipated China/Australia freight volumes and earnings.
Transport committee recommends against passage of bill C-48, which would effectively bar crude shipments from ports north of Vancouver.
Hyundai Merchant Marine (KSE: 011200) started off 2019 much as it ended 2018, racking up losses. Despite a first quarter gain in volume that boosted revenue, fuel prices and finance […]
Colorful Auckland mayoral candidate John Tamihere has vowed to ban trucks from the city of Auckland during the day and sell the Ports of Auckland if elected.
What The Truck?!? hits the road this week as Chad and Dooner make tracks towards Birmingham, Alabama to cover McLeod’s Transportation, Finance and Accounting Conference. The guys talk with McLeod’s CEO Tom McLeod, VP of Ops David Custred, CFO Kasey Burleson, Chief InfoSec Officer Ben Barnes, and Buddy Moore Trucking’s CFO Susan Moore Kirkpatrick.
Members of Parliament (MPs) have indicated that they will vote down Theresa May’s European Union Withdrawal Deal for a fourth time after the Prime Minister said she would bring the […]
Among the topics to be taken up by this week’s meeting of ocean shipping’s international regulator will be how the industry can lower its carbon dioxide output. One increasingly talked-about […]
Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.
Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, […]
Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.
Purchase expands network in British Columbia with firm specializing in long-haul moves for heavy-industry customers.
Support for the newly formed Brexit Party, led by the former U.K. Independence Party member Nigel Farage, has piled more pressure on British Prime Minister Theresa May as Conservative Party […]
The countdown for bringing Chinese goods into the U.S. ahead of new import duties is now underway. But it’s unclear whether the sequel will match last year’s container crush due […]
Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.
Deal gives Montreal-based specialty carrier a Gulf Coast base for future expansion into the United States.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
Australian integrated logistics provider Qube (ASX:QUB) has acquired Brisbane-based crane-hire provider, mining-related logistics services provider and truck-operator LCR Group for A$135 million (US$94.14 million).
Logistics real estate continues to attract money from institutional investors all over the world.
Shipping’s ‘trade war’ equation is not measured in tons at sea, it’s measured in tons times miles at sea.
U.S. lawmakers weigh Arctic “St. Lawrence Seaway”
Vote by International Longshore and Warehouse Union Canada members ups the ante in contract talks by raising the prospect of a disruption at Canada’s largest port, Vancouver.
Brave driver rescues trucker from fiery death; hostile takeover; billions for roads; truck sales; pay truckers on time… or else!
European Union (EU) leaders met to discuss their plans for the next five-year period in Sibiu, Romania on 9 May, after the meeting the leaders released a statement with “The […]
Meeting the IMO 2020 sulfur regulation should not be a problem for owners when the regulation enters into force in January 2020 but making certain that the enforcement of the […]
Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net […]
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 […]
A Canadian National (NYSE: CNI) subsidiary has acquired the intermodal assets of Alberta-based H&R Transport, a company that specializes in the over-the-road, temperature-controlled service. The acquisition will expand CN’s presence […]
Manila, Philippines-based container terminal operator International Container Services International has posted a solid set of first quarter results. Revenues were up. Profits were up. Box lifts were up. The group attributed its good results to operational improvements, lower finance costs and a “ramp up” in contributions by its new ports.
Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.
Cervus Equipment (TSX: CRV) expects truck sales to rebound its Canadian Peterbilt dealerships as an order backlog improves during 2019. “The order backlog is a North American backlog,” CEO Graham […]
Canadian Pacific (NYSE: CP) and Canadian National (NYSE: CNI) both moved record volumes of grain in April, following a harsh winter that sometimes curtailed rail shipments. Canadian National said on […]
Members of the International Longshore and Warehouse Union (ILWU) in British Columbia will vote on authorizing a strike, setting the stage for potential disruptions at the Ports of Vancouver and […]
Eurostat, the statistical body of the European Union (EU), has released early statistics that show an overall decrease in the level of carbon emissions from industry in 2018 compared to […]
Growth of developing countries is disrupting trade flow; logistics job openings trump available workers; Starbucks is experimenting with blockchain for coffee supply chain traceability.
Australian ports recorded in excess of 1.94 million twenty foot equivalent (TEU) container movements during the first quarter of 2019. But freight forwarders sense a downturn may be about to happen…
Nikola executive Elizabeth Fretheim’s journey to a company developing zero-emissions trucks had an unlikely start in Canada’s oilpatch.
Domino’s Pizza has partnered with SingularityNET, to test decentralized AI services in an attempt to automate portions of its delivery operations.
Uncertainty around the ability of Theresa May to sustain her leadership remains a problem in the Labour Party’s Brexit negotiations with the Tories.
It’s been busy in Australian trucking. A hostile takeover bid has succeeded, subject to shareholder and regulatory approvals. An innovative Aussie manufacturer has invented a new kind of intermodal tanker for dangerous chemicals. This, and more, in Down Under Trucking.
Long thought of as a global exchange company for buying and selling securities, Nasdaq has used its marketplace expertise and technology knowhow to leverage itself into a partner and provider […]
Trade would sort itself out in the longer run post-Brexit, but it is hard to forecast when that would happen.
Saskatchewan’s highest court quashed a challenge to the Canadian government’s carbon tax, ruling that it was constitutional. The 151-page ruling by a majority of the Court of Appeal, released on […]
Government approval has been given for the construction of a $250 million (US$175 million) liquefied natural gas import terminal at Port Kembla, 44 miles to the south-south-west of Sydney, Australia. The country is facing a shortage of gas and record high prices, which is somewhat ironic because Australia is likely the world’s biggest exporter of gas.
Canadian transportation and logistics firm buys Ontario-based broker that uses propriety software platform.
Deal puts Canadian international trade services company in $13 billion portfolio of Tom Gores’ private equity firm.
Women In Trucking (WIT) has announced Bison Transport driver Treana Moniz as its 2019 May Member of the Month.
Aside from Lunar New Year slowdown, world’s biggest exporter reports ongoing volume growth despite concerns over trade slowdown.
