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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.
HaulHub is a logistics startup in the aggregate and asphalt industry that helps producers, carriers and construction crews collaborate together over a centralized platform.
ELD maker Konexial is expanding its customer base through the acquisition of Axle Technologies’ AORBD customer list. Also, FedEx and UPS ramp up drone deliveries, a port expansion in Seattle, and Hyundai to introduce fuel cell truck.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.
Paccar Inc. delivered 31,000 trucks in the third quarter, helping the parent company of Kenworth Truck Co. , Peterbilt Motor Co. and DAF beat earnings estimates.
Jim Blaze explains the new CSX trip compliance reporting… perhaps the first step for railroads to compete more effectively with the trucking industry.
The rail equipment manufacturer sees high utilization rate but says economy faces uncertainty.
Some investors prefer hard-to-disrupt niche businesses; others want to roll up e-commerce services and replicate Amazon’s offering.
Preliminary results in Canada’s federal election point to a minority government that will require the support of parties, which may push for stronger environmental policies.
Freight flows in and out of Japan may again be disrupted owing to the presence of ex-Typhoon Neoguri, located to the south east of Osaka, which is dumping huge amounts of rain onto a waterlogged Japan. Meanwhile, out in the far reaches of the Philippine Sea, near the Guam island group, Typhoon Bualoi is also lining up to threaten Japan.
Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.
UPS expands drone operations, healthcare and e-commerce services
Canadian transportation and logistics firm’s freight-forwarding arm makes second acquisition in two weeks, purchasing a company specializing in moving refrigerated cargo and renewable energy components across the world.
Coal production in the region could fall significantly in 2020, affecting rail volumes.
The FreightTech 100 highlights the most innovative and disruptive companies across the freight industry, featuring both cutting-edge upstarts and top-notch traditional powers.
Containerships should be designed with “fire compartments” to prevent the spread of shipboard fires say marine insurers.
Charley Dehoney writes about Jelani Hawkins, a former NFL player who has gone into trucking. Read about his new career.
Start your week off with a bang … of the cowbell, as Dooner and Chad digest all the latest happenings in freight, LIVE from Chattanooga. Today they’re talking piracy on […]
FedEx Express [NYSE: FDX] on Friday used an unmanned aerial vehicle instead of a truck for last-mile residential deliveries on behalf of pharmacy retailer Walgreens. The Oct. 18 deliveries were […]
The global auto industry may be the first industry to use blockchain extensively. Read how and why.
Logistics in Alaska can be both amazing and frustrating. Alaska is the most expansive and diverse logistics laboratory in the United States. Take the largest state in the nation, yet […]
South and West freight futures tumble Friday, weighing on National average.
Better fuel prices, capacity and cost management help push up results for worlds largest ocean carrier.
The Trump administration said it is taking this latest regulatory action to further restrict the Cuban government’s efforts to support Venezuela’s Maduro regime.
AB Volvo through its venture capital group is investing in an Israeli cybersecurity startup while also combining all of its autonomous ventures into a single group.
Flytrex is an Israeli on-demand small payload drone delivery company that will be delivering products ordered online straight to the consumers’ house.
An exclusive Q&A with Carlos Di Mottola, CFO of Milan-listed D’Amico International Shipping.
France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.
SAP now appears to be emphasizing profitability and widening cloud gross margins over organic revenue growth.
Severe thunderstorms possible across several southern states. Strong cold front tracking through region.
New York to Sydney flights not to take off til 2023, Qantas CEO says. Kentucky needs infrastructure
IBM Food Trust platform is collaborating with Raw Seafoods to use blockchain to create visibility within the seafood supply chain, starting with scallops fished in the Atlantic.
Air cargo charter operations are unusual in India
FreightWaves CEO Craig Fuller and Dynamo Managing Partner Jon Bradford team up on this show about their vision and view of where the world exists in the intersection of freight […]
The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but analysts also see attractive opportunities […]
Nearly all maritime kidnappings and hostage-takings in the nine months to the end of September this year took place in or near the Gulf of Guinea, said global maritime piracy watchdog the International Maritime Bureau (IMB).
Conservative leader Andrew Scheer has vowed to kill carbon pricing, but polling points to likelier path to power for Justin Trudeau’s weakened Liberals – given support from third-parties with compatible environmental policies.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Transport Expo showcases Mexico’s trucking industry; Texas and Mexico officials host meeting to […]
Fuel-cell maker not worried about China’s decision to slash hydrogen vehicle incentives.
Retail is expected to be the great savior of the 4th quarter economy. Hopefully retaill shipment volumes are not an indication of things to come.
Rents keep rising, but leasing robotics has never been cheaper.
General Motors (GM) reported that it has temporarily suspended production of its Chevrolet Blazer SUV at its manufacturing plant in Ramos Arizpe, Mexico. Production of the Blazer will be halted […]
New features have been added to FreightWaves SONAR. Learn about them in this article.
Chapman Freeborn unit targets freight forwarders
The signal that IMO 2020 is here isn’t going to be one big moment. There are other signs to watch for.
The last couple of days took a dramatic turn with U.S. short seller J Capital making explosive allegations that global logistics software behemoth, WiseTech – a A$9 billion (US$6.2 billion) company, has been seriously misleading investors. WiseTech has robustly denied these claims. In other news: CTI Logistics annual results; truck rest stops “desperately needed”.
LNG export proposal immediately slammed by Democrat lawmakers.
The Port of Long Beach saw a slide in container volumes arrested in September and hopes to attract more cargo with incentives.
Off-site facility aims to give terminal more room to operate and make chassis moves more fluid.d
Trucking volumes still positive but slipping
South and West Trucking Freight Futures stumble on Thursday, dragging the National average lower.
Middle-market leveraged buyouts are cooling, but institutions still taking risk on the venture and growth equity side of the industry.
Transported Asset Protection Association (TAPA) is looking to align its Parking Security Requirements (PSR) industry standard with the European Commission’s new truck safety at parking spots programme to quicken the pace of security offered for trucks at parking areas.
Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.
British government minister’s voyeuristic sex claims about truck drivers are “classist,” “inappropriate” and “ignorant,” says road transport representative.
