News

Truck maker TRATON Group S reported higher revenue and profit for the first nine months of the year, but warned of a tougher 2020 with an accelerating slump in orders and global economic uncertainty.

U.S. Customs and Border Protection officers at the ports keep watch for untreated wood packaging in cargo shipments to prevent the spread of wood-boring pests.

With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by new freight capacity marketplaces?

Several inches of snowfall, very slick roads for portions of the northern Rockies. Minor freight movement delays possible.

An exclusive interview with Greece’s Ioannis Martinos on what’s next for Signal Ocean.

Story updated 11/42019, 2:45 p.m. Canadian overnight air cargo provider Cargojet [TSE: CGJTF] increased its third-quarter adjusted pretax earnings by 24% to C$39.1 million ($29.7 million) compared to the same […]

Blockchain as a decentralized and immutable ledger can help stakeholders within fashion supply chains to improve trustability, reduce counterfeit products and increase labor equality across the horizon.

Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.

The credit ratings firm sees coal and intermodal volumes under continued pressure next year.

This white paper explores the pros and cons that companies consider when deciding whether or not to implement dash cameras.

A federal grand jury recently indicted a Russian trucking owner — who is already awaiting trial on charges that include a $150 million military kickback scam and a murder-for-hire plot — as well as eight other Utah-based trucking company executives in an alleged “pay-to-play” bribery scheme involving a former FedEx Ground (FXG) manager.

This eBook shares the trends and challenges driving visibility in the supply chain today.

With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don’t tell that to California where the good can be the enemy of the great.

Supply chains are now more susceptible than ever to macroeconomic trends and the rise of consumer expectations in the context of last-mile delivery. To alleviate impact, businesses need to pursue visibility and operational transparency as top priorities.

Hong Kong Stock Exchange-listed ocean carrier Pacific Basin (HK: 2343) will issue US$175 million (approximately HK$1,371 million) of non-amortizing unsecured convertible bonds to boost its balance sheet while growing and renewing its fleet.

Logistics real estate developer ESR Cayman (HK: 01821) roared into public life on Friday when it floated on the Hong Kong Stock Exchange. It was the second-biggest IPO of the year in Asia.

Ontario Trucking Association lauds crackdown by province’s workers’ compensation agency on companies that skirt payroll deductions by misclassifying drivers. But the OTA calls on Canada’s federal government to do more.

Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.

U.S. truck drivers possibly numbering in the tens of thousands are staring at non-working electronic logging device (ELD) screens after their Omnitracs’ systems shut down on Nov. 2. Omnitracs did not immediately confirm the outage.

Commerce secretary says talks on foreign automaker investment in the U.S. may again delay imposition of tariffs on imported vehicles.

FreightTech venture investing is red hot right now, with the industry attracting more capital than ever. Will this end?

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Appetite for avocados is fueling violence in Mexico; Hyundai picks Claudia […]

Caterpillar Inc. notified 120 workers at its Victoria, Texas, facility that they will no longer have a job effective, November 1. Company officials said “market conditions” are the reason for […]

The rails managed to increase rates while trucking rates continued to compress in October.

We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep SONAR users informed, we deliver […]

Signs of the impending transition to electric vehicles continue to gather apace. The authorities in the Western Australian City of Fremantle are trialing an electric garbage truck. “So what?” a […]

Debt loads are high, prices are stuck and new capital is reluctant to move into the space.

What may come as a surprise is the fact reefer load volumes have dropped 5% versus this time last year and have been averaging over 5% lower than 2018 volumes since April according to FreightWaves Reefer Outbound Tender Volume Index, while dry van volumes are up 3%, signaling a trickier Halloween for reefer carriers.

truckers hauling construction materials and agricultural products, flyers promoting the protests also have been posted around the ports

Royal Schiphol Group may acquire controlling interest in Cargonaut

Funding bill leaves out protections sought by U.S. House.

U.S. Customs and Border Protection said importers of tobacco from the southeast African country must demonstrate the goods are not in violation for clearance.

New freight indices provide visibility on potential earnings premiums of scrubber-equipped vessels.

Ben Thrower’s commentary on whether we are approaching “peak car” will make you think about the present and the future…

Freight volumes hint we may have a peak season after all

ExxonMobil, Chevron, and Royal Dutch Shell reported earnings this week: we discuss the implications for freight.

American Airlines [NYSE: AAL] won’t have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase […]

Andy Peters writes about developments in industrial real estate used for logistics and transportation.

Spot month Trucking Freight Futures rates rise Thursday as futures contracts roll over to November.

Train crew size, healthcare are among the key issues, on top of grappling with systemic changes to the industry

ArcBest posts weak third quarter numbers for asset and non-asset units

Shippers and NVOs urge the U.S. Federal Maritime Commission to implement the interpretive rule, while ocean carriers and marine terminals say it needs further refining.

More than half a million people without electricity, property damaged as Northeast wind threat continues.

Plus: Santa Ana winds topple 18-wheelers: Idaho hemp legal status still uncertain after USDA ruling

SaaS life cycles, blitzscaling, Amazon’s earnings and more Craig and Jon talk Amazon’s earnings and their accelerated transportation costs, e-commerce and the importance of UX, the life cycle of SaaS […]

U.S. Xpress cites a weaker spot market and compressed brokerage margins as reasons for the third quarter loss. However, the decision to grow its fleet, a portion of which is reliant on the spot market, drew several questions from analysts on its call.

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.

A leading economist on the question of driver economics will join us on FreightWaves Radio.

Ben Thrower writes about the positive and negative aspects of precision scheduled railroading in this commentary article.

In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.

Convoy is now offering direct-from-shipper loads on its platform, giving carriers many more choices for hauling freight.

Investments in two AI companies in the past five years made Transplace’s optimization more powerful.

The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.

Container leasing company Textainer said a traditional peak season did not materialize in 2019.

Since today is Halloween, I figured I’d focus on those spooky markets…the ones where volumes have seemingly dried up and you’re forced to deadhead elsewhere or worse keep your truck sitting for far too long while working to find a load. 

Add USA Truck to the list of carriers finding themselves struggling to find their way in a soft freight market. The carrier found itself forced into the spot market to find freight for its trucks after making an acquisition just a year ago.

“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.

Spot month futures contracts eerily quiet approaching Halloween expiration.

While electric trucks, fuel cell tractors, electrification and e-mobility played a large role in the NACV show,, a number of companies introduced lower-profile products that are an important part of ensuring trucks stay on the road and trucking companies are profitable.

It’s Halloween on Port Report and Dooner and Fava  are dressed up as their favorite Incoterms because this episode is dedicated to our favorite 3 letters on every invoice. That’s […]

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.”

NYK Line, Japan’s largest shipping company had operating profit of $146.7 million, compared with a loss in the same period last year.

Slight rallies in volumes and rejections not enough to keep power from shifting further towards shippers.

Canadian province will allow producers to exceed limits exclusively for rail shipments to meet higher demand.

The rise of e-commerce and the evolution of customer expectations on delivery schedules have propelled the last-mile segment to be more reactive to demand and highly digitalized.

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 […]

Investing in a TMS requires more than just buying an off-the-shelf product. It requires thought, analysis and the right investment to ensure that you buy today is what you need tomorrow.

Cargo revenue down for 3Q and nine months

The color of the Mack Trucks bulldog carries special meaning. Gold means all of the key components were homemade. Chrome says others’ parts are on board. Now, it comes in black.

Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.

Fiat Chrysler and PSA merge to become a €40 billion automaker; global maritime shipping volumes growth slow; OPEC meeting this December to discuss production cuts.

Year-to-date U.S. rail traffic continues to trend lower.

The U.S. Justice Department said Peter Sotis, former owner of Florida-based Add Helium, is accused of smuggling rebreather equipment without an export license to the war-torn country.

With the bulk of its final mile business shuttered and its tractor fleet right-sized, management believes that the company is on solid footing to see improvement in 2020.

East Coast port expects container volumes to double over next 30 years.

Image: Jim Allen/FreightWaves Lincoln’s Logs is brought to you by FreightWaves’ Lincoln Duff Hello and welcome to another edition of Lincoln’s Logs, where I point out some of my favorite […]

Wildfires burning 100,000 acres in California. Truckers wanting to help with relief, recovery efforts are exempt from HOS rules.

YRC’s third quarter earnings show weakness at regionals, some resiliency at YRC Freight

Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.

Charley Dehoney has an insightful take on hiring entry-level talent in the logistics industry. He writes about how to successfully hire – and keep – that talent.

FreightWaves’ articles now include audio recordings, so you can listen to an article in addition or instead of reading it!

BorgWarner Inc., which makes engine components and drivetrains for combustion, hybrid and electric vehicles, reported lower third-quarter earnings on slightly higher sales.

The rail equipment and technology manufacturer sees international opportunities as an area for business to grow.

This is another in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large John Kingston discussed several key issues […]

FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.

It was close but no goal for the Japanese container shipping company, Ocean Network Express (ONE), which missed its half yearly revenue forecast by $105 million. ONE also missed its profit forecast target by two million dollars. But the company has made a huge turnaround from loss to profit.

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.

While Hub Group reported a
good quarter, its near-term outlook is pretty rough. In short, Hub Group doesn’t see a peak season coming in 2019.

Navistar is skipping the chase for incentives on demonstration electric trucks to consult with customers on custom-built zero-emission medium-duty models with total cost of ownership rivaling a diesel truck.

Ecosystems of entrepreneurship are popping up in cities across the United States. Innovation is no longer exclusive to Silicon Valley.

Trimble misses revenue estimates for third quarter of 2019.

But the ride-hailing company still posted a net loss of $463.5 million.

COSCO Shipping Holdings said its third quarter profit more than doubled.

Results mainly driven by higher deliveries, a favorable mix and foreign exchange rate development

The maritime sector, which is undergoing profound changes, will be spotlighted at the upcoming FreightWaves LIVE event.

Donaldson hopes to release this solution in 2020 for commercial trucks, which will increase visibility for fleet managers and ultimately save money.

Market Expert Henry Byers sits down with FreightWavesTV Anchor Emily Szink to talk chassis. Chassis are an extremely crucial part of the drayage process. This video is in partnership with […]

More carriers install ELDs as compliance deadline nears.