News

Weekly Fuel Report for 8-27-19

Transport and logistics businesses need to seriously consider investing in digitalization if they want to stay afloat in this rapidly evolving market.

Transflo has bundled an ELD, weigh station bypass, navigation and more into a single solution available on driver’s mobile devices.

FourKites has introduced a new analysis tool to help shippers identify unused capacity in their trailers.

It takes a year of advance planning and up to 10 loads to move a single monster turbine.

Rates manage to outperform volume drops as carrier swings to profit.

Arbritrator’s award denies Atlas Air’s pilots’ request to negotiate a contract and instead imposes an arbitrated settlement on both sides

Let’s face it, we’re all selling time in one way or another. In fact, if you’re in business it is one of your primary inputs.

Heartland Express has acquired Millis Transfer for approximately $150 million.

Best-of-both-worlds business model of LPG carrier Epic Gas strives for both defensibility and growth potential.

FedEx Freight expands its last-mile delivery network to 19 US markets

Chris Henry, Program Manager, TCA Profitability Program IMAGE: JIM ALLEN/FREIGHTWAVES A weekly review of the Key Performance Indicators (KPIs) that all trucking companies should be tracking on a daily, weekly […]

The commission will publish a final rule in the Federal Register on Aug. 27 requiring more information from petitioners.

The 2019 Chicken Sandwich Wars may have impacted the Popeyes supply chain.

The railroad contends the Interstate Commerce Commission Termination Act and the Federal Railroad Safety Act preempt Oklahoma’s law.

McLeod built automated pricing for contract and spot and digital load matching products.

Various predictions of doom are sprinkled through a document

Daimler is recalling more than 8,000 Mercedes-Benz and Freightliner Sprinter vans because of a software defect that can dim or extinguish the rear taillights.

The Navy decides to migrate and consolidate logistics technology to the Cloud. Japan’s air freight industry has China as a roadblock. New York struggles to manage truck congestion.

Supply chain slow downs likely today on land and at sea.

Rapidly changing consumption patterns and increasing traffic bottlenecks in urban environs necessitate the evolution of transportation and its underlying business models to create a sustainable logistics future.

The features allows SONAR users to see how sentiment evolves over time in the freight futures market.

Avocado supplies are expected to return to normal after a summer shortage sent prices skyrocketing in July. Prices spiked in mid-July due to imports of avocados from Peru and Mexico […]

FreightWaves releases several new datasets and improves on existing ones in this week’s SONAR release.

Partially synthetic lower viscosity 10W-30 and 5W-30 oils are supplanting the industry standard 15W-40 heavy-duty oil. The new formulas cost more but can bring up to 2 percent better fuel economy with longer intervals between changes.

The U.S. State Department’s Bureau of International Security and Nonproliferation said it will move forward with the imposition of a second round of trade sanctions against Russia.

U.S. Customs and Border Protection said it will introduce “in the coming months” a new automated tool for importers and exporters to submit their electronic vessel manifest confidentiality requests to the agency.

CEO of Ovation Logistics hopes to have 70 to 80 percent of its fleet using zero-emissions vehicles by 2025.

The U.S. and Japan have reached a tentative trade agreement where Japan will buy more U.S. corn.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Odessa, Texas, ranked #4 city for truck drivers; New U.S. Ambassador […]

Fund would be used to transition from diesel by 2030.

After a disappointing first half of 2019, the freight market finally appears to be heading another direction.

Union drivers, warehousemen employed by Starbucks distributor reject ultra-short contract

The summer doldrums were broken violently by an escalation in the U.S.-China trade war and tweets

Mexico manufactured 104,214 buses, heavy-duty and tractor-trailer trucks in the first half of 2019 (January-June), up 36.50 percent compared to the same period last year. The data was released August […]

Polaris New Energy is building a bunker barge to bring LNG to the growing number of cruise and cargo being powered with natural gas.

But good news for the trucking sector: the assets stick around and activity continues

The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders fund electric vehicles and Aussie trailer maker reveals a shocker set of financial results.

The issue of driver coercion came up more than once at the Federal Motor Carrier Safety Administration’s (FMCSA) first public listening session regarding proposed changes to existing hours of service (HOS) regulations for drivers.

Fed policy talk and China’s retaliatory tariffs couldn’t spook the markets. It was the President’s tweets that sent the markets into a tailspin. With tariff increases on the horizon, we can be somewhat certain that more uncertainty and volatility will likely ensue for the transportation stocks.

Truckload volumes are now up 4.99 percent year-over-year.

Hino Trucks is already increasing its investment in a new plant in West Virginia, where it will build Class 7 and 8 trucks in addition to medium-duty models.

The Commercial Customs Operations Advisory Committee (COAC) Rapid Response Subcommittee on Aug. 21 proposed that Customs and Border Protection (CBP) support a “Northern Triangle Trade and Job Promotion Act” to […]

Lime moves ahead with the backing of venture capital and hopes that car-reliant metropolitan areas like San Antonio will embrace a cleaner, more communal way to navigate city life.

Trucking stands to gain, rail to lose if project moves forward.

Target areas for Friday severe storms include Great Plains, Mid-Atlantic.

Amazon, following a model in the U.S., will take an equity stake in Canadian cargo airlines Cargojet.

Multiple commenters expressed concern about carriers, shippers or brokers coercing drivers to operate in unsafe conditions under the proposed rules.

Transfreight Automotive Logisitcs Europe, a fleet with over 90 vehicles, has shut down.

How Flexport is managing the challenges of todays air cargo environment

The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.

John Fredriksen’s shipping companies are increasing their exposure to IMO 2020 market effects.

Ethiopian Cargo has added weekly service to Bangkok and Hanoi, Vietnam.

Container ship firm plans pledge to coincide with upcoming G7 summit in France.

China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from […]

Citing declining volumes and hinting at a loss of customer support, Volga-Dnepr Group has replaced the general director of its AirBridgeCargo airline.

Plus: Waymo releases data; Softbank opens up IPOs; Nevada truckers to retake driving tests.

U.S. Customs and Border Protection officers at the Los Angeles and Long Beach seaport complex halted the illegal import of Chinese-made firearm parts valued at $378,225.

A discussion of the state of the possibly revived trucking market and interviews from the floor of the Great American Truck Show will highlight this weekend’s edition of FreightWaves Radio […]

Spooked shippers are trying to lock in capacity ahead of the holiday push.

Ports of Los Angeles and Long Beach plan further cooperation to ensure they are the “gateway of choice in North America.”

U.K. haulier Eddie Stobart has deposed its CEO Alex Laffey over inflated operating profits and has suspended its stocks from trading in the market.

A conversation with the vice president of business development for Kitchen United, a virtual restaurant facility.

Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.

Trucking, freight and international forwarding business TIL Logistics (NZX: TLL) of New Zealand has reported solid revenues of NZ$355.1 million (US$226.94) and a small net profit after tax of NZD$4 million (US$2.56 million).

Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California.

An exclusive FreightWaves interview with Concordia Maritime CEO Kim Ullman on product-tanker fundamentals and IMO 2020 fallout.

Company claims faster medical deliveries means faster patient treatment.

ATSG and Atlas Air continue to fight a contract battle with their pilots union as Amazon, which uses both airlines, watches closely with peak season approaching

“We are thinking this [hurricane] season will be back-loaded.”

The Commercial Customs Operations Advisory Committee (COAC) on Aug. 21 approved a recommendation for Customs and Border Protection to allow carriers to assume liability for initial in-bond shipments, where the […]

TIA, ATA and OOIDA call provision to make CSA scores public “dangerous”

With the recent complaints about workers’ rights, it makes sense that Doordash, like every other on-demand mobility company, is thinking about efficiency and the cost of human labor.

For 16 days the Amazon rainforest has burned at record breaking rates.

No-deal Brexit might funnel goods into the grey market; China is an irreplaceable manufacturing hub; electric vehicle segment is growing at a furious pace.

In it for the long haul Today, August 22, 2019 will be another unsettled afternoon and evening with thunderstorms scattered from portions of the Rockies all the way to the […]

The freight industry is being battered by falling volumes and loosening capacity, with tightening credit standards further exacerbating the situation.

Five container terminals in the Port of New York and New Jersey have increased rates in an update to their FMC agreement.

Israeli startup TriEye has received investment from German carmaker Porsche as part of its $19 million Series A round of financing.

Qantas announces a test program to fly nonstop from New York and London to Sydney. This long-haul flight may also present cargo opportunities.

Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.

Freight tonnage will grow 25.6 percent by the end of the next decade, the American Trucking Associations (ATA) predicts in its annual ATA Freight Transportation Forecast: 2019 to 2030.

Canadian logistics software company purchases U.S. firm whose TMS suite specializes in flatbed moves in North America and the EU.

One of the more popular ways to improve efficiencies and reduce costs is through outsourcing some or all of the supply chain operations to a managed transportation provider.

Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California. Industry professionals said the longer wait times are […]

Digital freight brokers continue to add services in the pursuit of carrier stickiness.

Three Chinese businessmen and their companies involved in the manufacture and export of deadly fentanyl have been designated as violators of the Kingpin Act.

The race cars, and all the equipment and accessories that go along with them, have to move from racetrack to racetrack somehow.

“Robotic process automation has already taken root in other industries like financial services. It’s a perfect time for RPA to disrupt the logistics industry, given the amount of paperwork, documentation and around-the-clock customer interaction that global transportation requires,” says Mike Motsick, CEO of RPA Labs.

Sanguine outlook could flip, but retailers look well stocked ahead of peak season.

Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…

Most forecasts have been conservative, but not this one.

Concerns about the port automation has sparked studies by the Port of Long Beach and other California agencies.

Canadian firm secured C$45 million loan from U.S. commercial financer Great Rock Capital to expand operations.

VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.

A new partnership between Xcel Energy and the Federal Aviation Administration (FAA) allows drones to inspect power lines out of human sight in eight states – Colorado, Michigan, MInnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

FreightWaves chief analytics officer Dean Croke – who has also driven more than 2 million miles behind the wheel of heavy-duty trucks – previews Copilot by Pronto.