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Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.
Fortune has taken a decidedly downward trajectory for Indonesia-focused dry bulk ocean carrier Seroja, which saw a dramatic decrease in profitability in the third quarter of 2019. But that won’t worry the company – it has just agreed to sell its entire business for $32 million.
Labor advocates say the California law will redress exploitative working conditions at the San Pedro ports.
NTSB advises Uber and regulators overhaul AV testing policies.
For first time, FedEx and UPS will impose additional handling surcharges on shipments weighing less than 70 pounds.
Canadian firm whose business includes reselling Keeptruckin electronic logging devices and fleet management solutions attempts to avoid bankruptcy after private equity lender seeks repayment of a $3 million loan.
Pilot Flying J is targeting small trucking fleets with a new fueling network aligned with brands like Marathon Oil’s Speedway commercial fueling locations. It expects to have 250 outlets by the end of 2020.
The Federal Railroad Administration is proposing all states address highway-rail grade crossing safety.
Remaining employees will complete the final order before decommissioning equipment at the facility.
U.S. freight forwarder expands north of the border, tapping into growing volumes of trans-Pacific trade from the Port of Vancouver.
Farmers and other shippers in Oregon got some good news this week when the South Korea-based container carrier SM Line announced it will bring weekly container shipping service back to […]
U.K. airport seeks to become Heathrow alternative
Bill would require DOT to make assault and harassment incidents publicly available.
The railway is confident that the momentum to deploy technology initiatives will continue.
RightShip advocates for safety and sustainability in the maritime industry.
Trucking Freight Futures markets were quiet on Monday as traders focused on the South.
The U.S. Department of Agriculture (USDA) will increase inspections of imported tomatoes and peppers by Nov. 22 to protect against the introduction of the tomato brown rugose virus (ToBRFV). The […]
Jim Blaze writes about the Alameda Corridor in Los Angeles, that takes some of the freight from the harbor to distribution centers. Is it still economically viable?
Up to two feet of snowfall in the Rockies, flooding rains in the Southwest. Freight flow disruptions likely.
Tata Steel is suffering from declining steel demand in Europe, brought about by an economic slowdown and uncertainties revolving the U.K. general elections and Brexit.
The Home Depot, Inc. reels in full year sales expectations due to timing of investment initiatives. Management expects broad-based growth to continue as consumer discretionary spending remains steady.
Hydrogen fuel cell electric truck startup Nikola Corp. is touting a high-storage battery that could increase the current range of electric passenger cars from 300 to 600 miles with no increase in battery size.
Digitization and ecommerce continue to change the movement and delivery of freight. Kayla Matthews examines the issues involved.
Basu said Ondiflo’s “biggest success” was that 65 drivers used the app and they only trained seven.
Ferrero USA, best known for being the maker of Nutella and Tic Tac, will deploy FourKites’ predictive supply chain technology for greater insight into its freight movements. Also, Canadian National workers strike and a Montana truck driver’s employer gives him a gift of a lifetime.
A look back at the colorful history of the transport of beer, wine and spirits via oceangoing tankers.
Freightquote by C.H. Robinson brings Robinson’s information advantage, capacity, and technology to small businesses.
A former Pennsylvania trucking company employee was sentenced to 18 months to four years in state prison for embezzling more than $238,000 from the firm.
The new center at Cologne-Bonn Airport will help meet rising demand for express e-commerce shipments.
Federal minister urges Canadian National and Teamsters to reach agreement as walkout by 3,200 conductors, transpersons and yard workers continues.
The cosmetics industry uses mica in large quantities, which is predominantly sourced from illegal mica mines across India, where child labor is rampant.
For years, truckload carriers have voiced the need for a centralized repository for the drug testing history of prospective drivers. Without this information, hiring managers have been unable to determine whether the driver failed a drug test just the day before at the neighboring carrier down the street, only to try again at their facility the next day.
COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.
Already the largest cold storage warehouse company, Lineage Logistics is reportedly buying Emergent Cold.
The pilot project aims to replace one of two delivery trucks serving a university neighborhood in Portland, Oregon.
The department’s extension of the temporary general license gives U.S. companies another 90 days to continue their business activities with the Chinese telecom.
“I would say we’re at right about the normal time of year when we start seeing higher snow amounts from winter storms.”
UPS flexi-warehouse unit teams with financial services marketplace to bundle physical distribution, IT and financial services to small to mid-size business
CHICAGO – After transforming its under-performing passenger operation over the past decade into one of the best managed and profitable global carriers, Delta Air Lines [NYSE: DAL] is now focused […]
What was behind the historic rise and sudden fall in global LNG floating storage?
Third-party transportation and logistics provider MODE Transportation has acquired SunteckTTS for an undisclosed amount. The combined entity is expected to generate $2 billion in annual revenue.
6-year program includes addressing shortage of truck drivers.
Volvo Trucks North America and the Western Star brand of Daimler Trucks North America will recall nearly 3,700 trucks between them for separate steering-related issues that could cause a crash. Neither issue has resulted in any crashes or injuries, according to postings on the National Highway Traffic Safety Administration website.
Marine Money analyst says 2019 “is on track for the lowest amount raised during a cycle — so low that the total capital market proceeds are less than half of the next lowest total from the last 10 years.”
Meet David Faulkenberry, FreightWaves final mile market expert, who joins the company’s deep bench after a storied career at XPO Logistics, 3PD, HomeDirect, GeoLogistics and more.
U.S. Customs and Border Protection said the enhancements, to be rolled out over three phases through the rest of this year and 2020, pave the way to retiring legacy truck manifest application.
Volatility began creeping back into the Freight Futures markets on Friday.
Soren Toft, the former chief operating officer at Maersk will become chief executive officer at Mediterranean Shipping Co.
Do we really need nail bars in warehouses’ Fedex’s Smith challenges New York Times publisher to tax policy debate
U.S. Customs and Border Protection will use the industry’s comments to refine its Section 321 E-Commerce Data Pilot.
Ice, snow, rain coming soon to the Northeast, New England. Gale force winds, high waves along the coast.
Japanese mafia are in the firing line after a record 400 kilos of cocaine are found in a container in Japan.
Air India schedules investor meetings
The Port of Brunswick in Georgia is now open to commercial vessel traffic 24 hours a day after salvors have stabilized a car carrier that flipped on its side.
An unreleased study reportedly discussed at IMO’s meeting this week suggests that setting ship engine power limitations would result in negligible CO2 emission reduction.
The new 40,000-square-meter center is the size of five football fields and has a sorting capacity of 50,000 shipments per hour.
Preliminary orders for new trailers met expectations in October reached their highest level in 11 months, upholding expectations for a good, but not great 2020.
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
A truck parking fees scam has landed former logistics supervisor Chow Chi-yeung, 42, of Hong Kong, with a sentence of 160 hours of community service.
From tiny flaws great economic disasters are born. One such tiny flaw nearly led to an economic disaster in far north Australia. It was only high quality seamanship that averted a months-long salvage at, and blockage of, the Port of Weipa.
Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.
In cargo transportation, there is a distinction between screening and inspection.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Ford’s new electric Mustang will be built in Mexico; Japanese plastic […]
Talks have been ongoing for seven months. Staffing levels appear to be a key issue.
Reefer demand jumps in contrast to the general freight market, despite much colder temps across the U.S.
Mountain Valley Express, a less-than-truckload carrier headquartered in Stockton, California, has been acquired by an international buyer.
After first half surge, the back-end of November is weakening after the last U.S. freight surge.
Australia’s unfinished trucking reform business; brake-maker converts creditors into shareholders; toll road operator in big debt reissue; controversial logistics software provider GetSwift fights on
There are parts of the oil market reacting to the new rule but it isnt down on the level of the diesel pump.
The railway cited challenging economic headwinds and could release up to 1,600 employees.
UPS to waive money back guarantees on late deliveries if 3rdparties access package tracking data
Vessel group alleges “lucrative cost advantage” over American-flagged ships.
Thinking of technology as static is like buying 100 trucks and running them for 30 million miles — something you set once and forget., according to CarrierDIrect CEO Peter Rentschler.
A Georgia jury awarded $8 million to a motorcyclist who was seriously injured when a dump truck hit an orange construction barrel, which ricocheted into his path and caused him to lose control of his bike on Interstate 75.
Peak season woes continue
The initiative is part of a broader push to limit diesel emissions from freight facilities.
U.S. carrier remains firm with 10% offer
Trucking Freight Futures continue to be bogged down in a directionless and low volatility cycle.
Enterprise resource planning will bring changes to supply chains in 2020. Kayla Matthews points out several technologies that will gain greater acceptance and use in 2020.
Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.
HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.
U.S. poultry producers eye more than $1 billion market potential for China after being shut out for five years.
“Automation may not be a threat to lawyers; it might be a threat to young lawyers,” Shane Orians said.
Snow squalls could be trouble for truckers across interior Northeast, while rain and wind dominate parts of the South.
The events of the recently completed FreightWaves LIVE event will be “center stage” on this weekend’s edition of FreightWaves Radio. Tune in to this Saturday’s show from 3-5PM to hear […]
New ship orders are grinding to a halt due to uncertainty over which designs can meet future GHG rules.
Plus: Seattle money play: Convoy wins, Amazon loses
Chinese e-commerce heavyweight JD.com reports strong growth across its platform, a trend the company expects to continue.
The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.
U.S. Customs and Border Protection officers in Philadelphia discovered the counterfeit rings potentially valued at $562,000, if genuine, in an express shipment manifested as a “box” valued at $14.
Judge agrees that evidence of use of rate quote software in pricing was not included in first trial.
The former chief customer officer for YRC Worldwide will work with 8VC portfolio companies full-time.
The widow of a truck driver crushed by steel beams at a warehouse in Florida is moving forward with a wrongful death lawsuit.
Major trade partners of the EU have complained to the World Trade Organization about the problems with splitting tariff rate quotas between the U.K. and the EU post-Brexit.
The latest Cass outlook signals “economic contraction,” but the heads at some of the nation’s largest truckload carriers see a different path.
Focus on profitability over market share bears fruit for Danish container shipping giant.
India’s largest commercial ports operator, Adani Ports, reported a substantial increase in its company and port-segment revenues. Company and port-segment profits have also markedly increased.
Legislation would require FMCSA to step up efforts supporting women
U.S. rail volumes have been trending lower all year.
ESG investors are shunning shipping stocks, but dividends should bolster total returns.
