News

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.

Bendix introduced several new products and updated a number of others at its press conference at the North American Commercial Vehicle Show in Atlanta.

U.S. House green-lights measure to improve big-ship access.

The PACT Act closely mirrors the unsuccessful Graham-Van Hollen Turkey Sanctions Bill in the Senate.

In this episode of FreightWaves NOW, Meteorologist Nick Austin tells you about an impending snow storm in the Midwest, FreightCaster Kyle Cunningham dives into our carrier update presented by PowerFleet, […]

Spot month Trucking Freight Futures contracts are generally quiet approaching expiration.

Heartland Express continues to perform. The carrier posts another solid quarter in the face of a “softer” environment.

ElasticRun is an Indian logistics startup that connects convenience stores within specific regions and relays goods between them based on demand and lull times.

Updated at 8:40 p.m. Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), buffeted by a weak global airfreight market exacerbated by trade disputes and disruptions from a labor dispute with its […]

Several inches of snowfall, gusty winds, travel troubles heading to several Midwestern states as October ends.

Orbcomm, Inc. (NASDAQ: ORBC) sees its shares sell off after its quarterly report. The company’s transition to subscription service, and the accompanying delay in revenue, appears to be weighing on investor sentiment.

Backers seek to put ballot initiative to state voters with aim to redefine independent contractor drivers.

Platform addresses lack of delivery options in the Philippines

Montreal-based Transport DSquare got an early taste of the platform on a Mississauga-Montreal haul and sees good things for the Canadian freight market.

Jacobs Vehicle Systems is introducing a new engine brake designed for lower rpms as well as two new technologies for improving fuel economy and reducing cabin shake upon engine shutdown. This specially wrapped truck will tour the country in 2020 to showcase the technologies.

Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.

Saia withstands, as best as it can, a weak macro to post decent third quarter results

Expect rate divergences between FedEx and UPS into 2020, led by dramatic changes in last-mile deliveries

Brian Aoaeh writes about threats to supply chains from cyber attacks and the need for increased cyber security.

Tribunal rules $6 billion class action against manufacturers DAF, Daimler/Mercedes, Iveco, MAN and Volvo/Renault can proceed.

Hendrickson Truck Commercial Vehicle Systems unveiled its next-generation heavy-duty rubber suspension for the vocational truck market, the Haulmaax EX, at the North American Commercial Vehicle (NACV) Show in Atlanta on October 29.

One way to control supply chain costs is to regularly audit your logistics operations, but doing so, and doing so correctly, are two different things.

Analysts now want CHRW to cut costs.

French freight technology startup Everoad has forged a strategic partnership with French mass-retailer Groupe Casino to help digitalize its supply chain.

U.S. freight forwarders have increasingly embraced canines as part of their technology-driven air cargo security programs.

Cooper Tire has added a long haul tire to its Pro Series, giving it a full complement of tires for each position on commercial vehicles. (Photo: Cooper Tire)

Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr – the most powerful storm ever in that sea-space. However, local sources advise that shipping through a globally critical oil chokepoint, the Strait of Hormuz, is unaffected.

Bill Driegert discussed both the Canadian and Polish expansions.

Hutchison Port Holdings Trust (SGX: NS8U), a Singapore Stock Exchange-listed container terminal operator active in Hong Kong and mainland China, has reported a small decline in unaudited revenues for the nine months to September. That led to a 5% fall in profit after tax.

Hong Kong Stock Exchange-listed ocean container carrier SITC (HKEX: 01308) has reported increases in its unaudited third-quarter results despite a global trade slowdown and the China-U.S. trade war. SITC’s container revenues and volumes have both increased.

Truckstop eases load-matching process with voice-recognition technology.