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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.
Carrier reports record operating and unit revenues
Plus: USDA updates hemp import guidance; Trump sues California over emissions regulations
The rail equipment manufacturer said it delivered record railcar deliveries in the quarter.
The impact of IMO 2020 on diesel prices will be the subject of the lead interview this weekend on FreightWaves Radio. Co-host John Kingston attended the Argus Fuel Oil conference […]
RMIS fulfills 97 percent of requests for insurance certificates within a minute.
Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of impropriety and asserts J Capital is simply “wrong.”
The United Auto Workers is ending its strike against Mack Trucks after 12 days. The first walkout in 35 years idled six facilities in three states and forced the layoff of 3,000 workers at Volvo Trucks only North American assembly plant.
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”.
Forward Air management guided for negative EPS growth in the fourth quarter.
Correction: The story has been updated with correct figures for cargo revenue. The original story said cargo revenue increased 9% to $60 million, but that line item covers cargo and […]
General Motors strike, a personal injury lawsuit and soft freight market drive across- the-board losses.
Werner Enterprises Inc. reported net income of $39 million, or $0.56 per share, for the third quarter in 2019.
Canadian and U.S. trucking units continue to squeeze revenue and profits from uneven freight market as LTL and last-mile deliver uneven performance.
Amazon.com. Inc. (NASDAQ:AMZN) late Thursday reported third-quarter revenue of $70 billion, a 24% increase over the same period in 2018, as well as a 46% surge in worldwide shipping costs […]
This Week’s DHL Supply Chain/FreightWaves Pricing Power Index: 25 (Shippers) Last Week’s DHL Supply Chain/FreightWaves Pricing Power Index: 25 (Shippers) Three-Month DHL Supply Chain/FreightWaves Pricing Power Index Outlook: 45 (Shippers) […]
Shawn Cole spotlights Delta’s large-scale cargo operations, which is bigger than you might expect.
Trinity Industries Inc. (NASDAQ: TRN) reported third-quarter net income of $49 million and earnings per share (EPS) of $0.39, compared to net income of $27.9 million, and EPS of $0.19 […]
The autumn peak season will be over before you know it. Trans-Pacific container rates have yet to budge.
Rail volumes fell yet again and the industry is casting its doubts about the fourth quarter.
Truck engine maker testifies on prospects for “net zero” pollution by 2050.
Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.
Drive My Way CEO also advises attendees at the Women In Trucking conference to use woman-to-woman messaging.
Trucking Freight Futures relatively unchanged in quiet Wednesday trading session.
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 […]
The container leasing company Triton International said it had “solid” financial performance in the third quarter despite weak leasing demand since last fall.
Logistics investments are core assets for Norwegian oil fund
Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions and higher costs from labor […]
Snowstorm causing problems in a once-thriving freight market out west. Fires, wind, rain in other regions of U.S.
New York startup to jolt U.S. growth with micro-fulfillment centers that aim to give small retailers relevance in the Amazon age.
Lost in the US-China’s trade war’s impact on imports is the devastating effect on US exports
Among the resistant 30%, reasons to avoid dash cams range from protecting driver privacy to the fear of driver turnover.
Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Daimler AG reported high sales and earnings in the third quarter but is cautioning that tougher times lie ahead for its Mercedes-Benz car and Daimler Trucks businesses.
The latest in a series of collaborative videos and commentary between FreightWaves and SmartDrive.
Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home
Designs of future vocational trucks by students at the ArtCenter College of Design may contain some long-term value for the Western Star Truck Sales subsidiary of Daimler Trucks North America.
Prioritizing high-risk motor carriers for interventions an added challenge.
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.
Union members belonging to the International Brotherhood of Teamsters have ratified a new 10-year contract with Air Canada. The airline said it was notified of the results by the union […]
Stock soars after the electric vehicle maker posts better than expected Q3 results.
Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.
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 […]
The company warned of its upcoming poor performance in September but still missed analyst’s earnings estimates.
Delta Air Lines [NYSE: DAL] is selling $1.5 billion worth of bonds to help pay for its 20% stake in South American carrier LATAM Airlines, according to a prospectus filed […]
Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.
In a tough freight environment, the Chicago brokerage outpaced Wall Street’s expectations.
The railway also earned record third-quarter revenue.
Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.
Self-driving startup Zoox has raised $200 million in new convertible note funding, according to media reports. The raise is part of a Series C round that is expected to close […]
The network of barges that ship through the slow-moving powerhouse that is the U.S. river transportation system is critically important despite its low profile, according to River Transport News Publisher […]
It is no longer enough to just provide excellent service. Now, companies must provide excellent service alongside speed, transparency and convenience.
Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.
E-commerce giant Amazon.com, Inc. is expanding its in-store pickup service Counter, announcing on October 23 that it is partnering with GNC, Health Mart and Stage Stores.
Trucking Freight Futures forward curve on Tuesday points to higher short-term National rates.
The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.
Determining freight class is a key to shipping freight successfully. Learn more about the processes involved in this article.
Intermodal was a particularly weak spot; OR at Swift a concern to Deutsche
Venture capital investment in the logistics sector has seen a steady rise in the last decade and shows no signs of abating in the near future.
U.K. police are investigating whether human trafficking gangs were behind the deaths after 25-year old driver is arrested on suspicion of murder.
Drone Delivery Canada’s sales agreement with Air Canada pays off as it reaches a deal to provide a drone platform at DSV Panalpina’s facility near Toronto.
“Travel will be quite treacherous.” Significant snowstorm will be rough on truckers Wednesday night, Thursday, 10/23-10/24.
United Road, which moves about 4 million new and used cars and light trucks a year, is expanding into Class 8 truck and equipment hauling with its acquisition of specialty hauler Team Drive-Away.
Updated 6:32 p.m. Aircraft maker Boeing [NYSE: BA] is reporting sharply lower earnings for its fiscal third quarter as the company deals with the grounding of its new 737 MAX […]
Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.
Tie-up offers more options between Europe and China
The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions.
Gillihan plans to build a process-driven sales floor that can scale.
Diesel is a sideshow at the Argus Media conference but the impact on it is always in the background.
Further operational efficiencies will push the railroad to its target, the company said.
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.
An artificial intelligence expert says we need to do a better job socializing delivery robots.
Independent trucking group calls the rule “unrealistic”; environmental coalition says it doesn’t go far enough.
Railroads face an uphill battle in elevating their intermodal business.
CTA President Stephen Laskowski says pivot reflects the political reality of federal election, which will see Trudeau and Liberals return to power weakened but in a Parliament dominated by parties that support carbon pricing.
Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.
“Back in March it was horrible and depressing.” But Midwestern farmers still struggling months after floods began.
Covenant blames weak freight environment for drop in revenue and net income in third quarter 2019.
Despite lowering its operating ratio, the railroad tempers its 2019 outlook.
Extension of “Maritime Silk Road” threatens U.S. economic, military standing.
Boeing Company’s stock [NYSE: BA] has fallen 32% since documents turned over to Congress and the U.S. Federal Aviation Administration on Oct. 17 revealed that a former Boeing test pilot […]
The number of carriers running AOBRDs dropped under 5% several weeks ago and has remained below that mark since, suggesting most carriers have already made the switch to ELDs.
P.A.M. CEO and President Dan Cushman discussed his successful efforts to diversify the carrier’s focus with FreightWaves CEO Craig Fuller.
Review prompted by lax processing of driver convictions.
A former Dallas police officer pleaded guilty on October 16 to falsifying traffic tickets in order to collect overtime pay through a program funded by a federal grant aimed at curbing fatal and serious injury crashes on Dallas roadways.
Trade executed in the November National Trucking Freight Futures contract; South and West futures remain volatile on Monday.
Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.
Hyundai Motor Co. is expanding its fuel cell ambitions to heavy-duty trucks and trailers with a pair of concepts for next week’s North American Commercial Vehicle show in Atlanta.
East Coast rain, Midwest wind, several inches of Rockies snow will give truckers trouble Tuesday, 10/22.
Privatization effort in 2018 failed to attract a single bidder
The abrupt retirement of Jim Barber, UPS’ CEO heir-apparent, overshadows company’s third-quarter results
The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.
