Freight Futures daily curve: 10/9
Freight futures looking beyond the East region for some direction on Tuesday.
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Freight futures looking beyond the East region for some direction on Tuesday.
Shippo’s 35,000 businesses can now easily create an account with UPS and those customers can receive its discounted daily shipping rates of up to 55%.
Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.
The International Air Transport Association said Wednesday that overall global demand for airfreight declined at a faster rate in August than July, contracting 3.9% compared to 2.4% the month before. […]
Early season heavy snow, blizzard conditions slamming northern Rockies, northern Plains for next few days.
Deal is clone of Airbus-Bombardier tie-up
Pilots donned oxygen masks and returned to Vancouver after shipment of durian filled the 767 with the fruit’s notoriously noxious aroma.
UPS will add 6,000 natural gas vehicles over the next three years as part of an agreement with Agility Fuel Solutions, which will supply the natural gas systems and infrastructure. The vehicles will include heavy-duty trucks, terminal tractors and package cars.
Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many publicly traded transportation companies.
At one point, if companies wanted goods to move, they had to either invest in an expensive transportation management system, or turn over their operation to an outside provider. Thanks to managed transportation providers, that is no longer a necessary choice.
New pipelines are proving bad news for truckers, according to this RBN Energy report.
Houston still the main gateway for resin shippers, but other Southeast ports growing as well.
Brokers will be able to offer core carriers guaranteed freight and rates at the click of a button.
The Chinese city of Yiwu has announced a new freight train route to Belgium’s Liege, with trains expected to finish the journey in about 20 days.
Continental AG released its strategy to ensure its sustainability for future generations, and it involves closing several plants over the next six years, as it turns away from producing products for gasoline and diesel engines and looks to develop products for e-mobility.
Prologis, the global leader in logistics real estate, has joined the Blockchain in Transport Alliance (BiTA).
AGT Global Logistics founder Angela Eliacostas credits the success of her company to values ingrained in childhood.
Rush Enterprises Inc. (NASDAQ: RUSHA) recently announced the appointment of Elaine Mendoza as a new independent member of its board of directors. Mendoza becomes the first woman to be on […]
Users of Axele by Optym now have access to Truckstop.com’s loadboard within the Axele system thanks to a new integration.
Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.
Volvo Trucks North America and its Mack Trucks sibling are partnering with connected transportation company Geotab to send electronic logging device data to the cloud and back for interference-free reporting.
The Canadian government says employers who abuse the foreign worker program face “serious consequences” after a newspaper investigation reveals how some carriers with bad safety records exploited under-qualified job-seekers and put them on the road.
Tomatoes imported from Mexico could face a supply chain squeeze caused by new regulations finalized in September between the U.S. Department of Commerce and Mexican growers, experts say.
The American Trucking Associations is working with UrbanVolt to sustainably makeover member facilities in a cash-free affinity deal in which companies would pay UrbanVolt about 30% of the money they save on energy bills.
Excerpt: The companies promote and assign new roles to longstanding employees.
For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.
FedEx, Walgreens add returns services to portfolio
New third-party logistics firm to take over yard and warehouse that handles ‘considerable’ freight.
A rare stake in an Australian airport has hit the market.
YRC Worldwide morphs into four U.S. divisions, 17 operating areas in effort to streamline operating structure
Plus.ai partners with the Minnesota Department of Transportation to see how its self-driving trucks perform in cold weather.
“This new module will make it easier for Commerce and CBP to monitor and uphold our trade laws,” Executive Assistant Commissioner Brenda Smith of CBP’s Office of Trade said.
The Indian economy is crumbling on the back of an engineered crisis brought on by current government through measures like demonetization, a botched attempt at unifying the country’s tax system, and economic reforms that stifled consumerism.
Matt Silver wants to automate cross-border freight; an industry that many find difficult to manage.
Transplace announced continued improvements in its payment processing platform. Through its ongoing collaboration with TriumphPay and Bank of America, the company said that continued progress is being made in improving speed, security and accuracy of payment processing on its platform.
FedEx Custom Critical VP Ramona Hood says support system was vital to her success.
SMC3 has set its sights on providing data services to truckload after decades of serving LTL exclusively
The parents of two children killed in a fatal crash during a snowstorm in March 2018 have filed a $10 million lawsuit, alleging negligence against the trucking company and its driver, despite an investigation that cleared the truck driver of any wrongdoing.
Chances considered strong for federal hours-of-service preempting state law.
Awarded projects could benefit freight rail indirectly.
Commercial airplane deliveries at The Boeing Co. [NYSE: BA] nose-dived by two-thirds in the third quarter compared to the same period in 2018 and by almost half year-to-date, according to […]
Atlanta market freight futures strengthen on Monday as a result of trade flows.
Jim Blaze writes about the competitiveness of railroads vs. trucks and the railroads’ lack of interoperability.
The Commerce Department said the Chinese government and commercial entities added to the export control list participated in human rights violations against China’s Muslim ethnic minorities.
Abundant snowfall, 40-mph winds in Montana, Wyoming the next two days. Significant disruptions to regional supply chains.
U.S. Federal Maritime Commission Chairman Michael Khouri talks with American Shipper about priority container shipping regulatory issues for fiscal year 2020.
“I can license a 26,000-pound vehicle at 80,000 pounds, it doesn’t mean it’s legal. It’s understanding the local regulations to license it properly to match the local regulations,” Eric Jahnsen, director of the transportation fleet for Sunbelt Rentals, said on the complex task of vehicle licensing and registration.
SeaCube Container Leasing has rapidly expanded its refrigerated container fleet and is now the third largest lessor of reefers and largest lessor of gensets.
St Louis Lambert Airport is seeking an investor
The association, which represents the country’s customs brokers and freight forwarders, seeks better engagement between Customs and Border Protection and industry software vendors.
The EPA named its annual SmartWay Excellence Award winners on Oct. 7, 2019. J.B. Hunt is one of 72 companies to be honored this year, but is one of just five companies that have been honored 10 times. Schneider National, Swift Transportation, Lowe’s Companies, and Kimberly-Clark Corporation are the others.
The chairman of DSV Panalpina says the company will concentrate on bringing Panalpina into the fold for 12-18 months, before its next acquisition, which may be aimed at strengthening its road business.
Colombia-based passenger and cargo operator raising cash
Elena Bernardo strayed from a “super safe” career to one that put her on the front lines of technological innovation.
A Kansas truck driver has filed a lawsuit against BNSF, alleging negligence, after his tractor-trailer collided with railcars after leaving a grain elevator near Greenfield, Missouri.
Mack Trucks thinks it will weather the trucking industry’s expected downturn in 2020 by focusing on its off-highway models.
Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.
Break bulk is a shrinking market. Pure-play break bulk operators are being squeezed as governments and seaport operators boost local infrastructure. Meanwhile non pure play competitors simultaneously try to grab market share.
A popular manufacturing index is signalling a rough ride for trucking after the holiday season.
The Southwest Airlines Pilots Association on Monday sued The Boeing Co., [NYSE: BA]claiming the manufacturer engaged in fraud and that the grounding of the 737 MAX by regulators is costing […]
Outbound tender volumes (OTVI.USA) rose by 6.78% year-over-year this week, setting a year-to-date high in growth terms.
Dallas-based Stevens Tanker Division has notified the state of Texas it will cease operations by October 15. The closure will permanently affect 586 jobs across Texas, according to a notice […]
The railroads say the union refuses to negotiate on train crew size as both sides prepare for a new collective bargaining agreement.
“10-4 DC” rallies against regulations they say will run them off the road.
“The wind speed increased by 100 mph in only 24 hours.” Monster typhoon close to U.S. territories, heading toward Japan.
Nuveen Real Estate acquires 100-property US logistics portfolio from Blackstone
Canadian transportation and logistics firm acquires Miami-based Demark Global Logistics, increasing its reach on the East Coast of the United States.
The American Trucking Associations is gearing up to fight against multimillion-dollar legal awards against truckers and their employers who are not at fault but blamed in many car-truck crashes.
The U.S. imports corn from Brazil ahead of the harvest season.
The proposed actions address major rail shipper complaints voiced to the Board earlier this year.
Trucks are competitively priced on East Coast lanes and offer better service than the railroads.
Volatile start to Freight Futures last week ends quietly; Regional trends emerge.
This means that customers can ship or drop off packages while they shop for yarn or Halloween decor.
The Motley Fool discovers last-mile logistics. IMO 2020 will impact logistics warehousing footprint, JLL says
At the center of the Trade War between the U.S. and China are the American ocean ports.
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
Women In Trucking ambassador Kellylynn McLaughlin drives to impact change for everyone in the industry.
Heavy snow, wind and delays in parts of the Rockies and Dakotas this week as another early season storm develops.
NEXT has all the hallmarks of a modern start-up – conference rooms named after superheroes, kombucha on tap and a couple of friendly office dogs.
Spanish capital Madrid is working on a blockchain-powered transport application that unifies all mobility systems across the city and provides high levels of data security to its users.
Private equity firm plans to revitalize Manston Airport.
Kar believes a driver’s relationship with an OEM will no longer end after the sale of a truck. That relationship will continue over the lifespan of the vehicle with the introduction of in-cab service technologies.
Motor carriers and commercial drivers agree on just four of the Top 10 challenges facing the trucking industry, according to the American Transportation Research Institute’s annual study.
Reckless e-scooter riders were penalized by the German police for drunk driving in Munich as they left the world’s largest beer festival Oktoberfest.
Comdata has released a new dashboard that will help fleet managers quickly identify and manage fuel spend.
Swissport has launched a global initiative to speed up air cargo handling processes at its cargo warehouses by introducing newly developed self-service via kiosks. Swissport’s cargo business at Brussels Airport […]
Tomatoes imported from Mexico could face a supply chain squeeze caused by new regulations finalized in September between the U.S. Department of Commerce and Mexican growers, experts say. The new […]
Break bulk is in a state of change… and experts are forecasting a shrinking of the world fleet and a possible winnowing out of players.
List of titles that founders in the FreightTech revolution should consider
Founder’s frustrations with building material deliveries helped inspire Canadian final mile startup, which recently expanded into the United States.
The Federal Motor Carrier Safety Administration is working with the trucking industry to educate small fleets and owner-operators about advanced driver assistance systems that could reduce crashes and fatalities.
FreightWaves adds more depth and market insight to the existing tender volume and air freight data, along with new weather forecasting details, in its SONAR platform.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Milwaukee Tool builds $86 million factory in Torreón, Mexico; husband and wife truckers […]
If oil prices are going to start moving in reaction to IMO 2020, the last two weeks may have been the time with the first signs of that occurring. There […]
I.D. Systems, which renamed itself PowerFleet, will keep the Pointer brand, a well established player in the international wireless truck asset management space.
For decades, the European freight rail system has had no major upgrades with regard to axle load capacity, train length or car vertical height.
In this week’s Down Under Trucking – death by reckless driving; hill driving; trucker fired; police shoot tow truck thief; logistics industry urges government to ramp up!
Electric vehicle firm boosts battery capabilities with the purchase of Toronto-area company specializing in high-volume manufacturing.
Today we’re going to take a look at how a weather event that happened a few weeks ago can have a big effect on today’s freight market.
From blockchain to 3D printing, new technologies have the potential to green the supply chain across industry sectors.