News

Contract rates are still sliding down against steady spot rates.

Rupert Hogg, CEO, and Paul Loo, Chief Customer and Commercial Officer, have both quit their jobs at Cathay Pacific. The company has appointed two replacements.

Canada’s largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.

Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.

Experts say revisions could help fix long-term market inefficiencies.

For crashes that occurred after August 1, 2019, carriers will have to wait until the rulemaking process to make this program permanent concludes in order to submit those RDRs to FMCSA.

The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.

Competition from other grain-producing countries weigh on U.S. grain exports – and on U.S. rail volumes for grain.

Will Sehestedt will focus on building relationships on behalf of FreightWaves with associations and universities.

As the world’s largest retailer, the company is often seen as a bellwether for the overall retail landscape.

It is the first time a transportation and logistics provider has invested in an autonomous trucking company.

The Food and Drug Administration (FDA) is issuing a proposed rule to establish new required health warnings for cigarette packages and advertisements, which would apply to imports, the agency said. […]

TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner (PHOTO: JIM ALLEN/FREIGHTWAVES) On August 5, the Federal Motor Carrier Safety Administration’s (FMCSA) announcement […]

Canadian Larry Ash welcomes carrier’s dismissal of fellow trucker he recorded making a dangerous pass in British Columbia.

Avianca continues to dispose of aircraft during its financial restructuring.

Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.

Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.

Year-to-date North American rail volumes fell 2.3 percent last week. But what about for the rest of the year?

Retail remains a rare source of strength in the economy while manufacturing struggles

Introducing an app-based visibility solution could be the answer to shoddy tracking updates.

Customs and Border Protection and the Treasury Department on August 15 issued a final rule to impose import restrictions on certain archaeological material from Algeria. Effective immediately, the rule amends […]

Temperatures cracking 115° out west, storms and flooding elsewhere.

Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.

The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.

The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”

West Coast sees slower import volumes as service changes and market downturn take toll.

Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping

Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up for hours, said officials in […]

Reaction is mixed among stakeholders to hours-of-service rule changes proposed by the Federal Motor Carrier Safety Administration.

Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.

News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.

Safety, labor advocates register early opposition to rule changes.

The states of Illinois, Nevada and Washington are seeking to push ahead with state laws requiring a train crew size of at least two individuals, despite a federal declaration saying that such laws have been voided.

Proposed rules include granting additional flexibility for drivers utilizing a truck’s sleeper berth, standardizing the 14-hour driving window for short-haul drivers, alterations to the 30-minute rest break requirements and updates to the definition and use of the adverse driving conditions exemption.

Asia-U.S. container rates are still not showing peak-season strength, but optimism remains.

A long-term strategy to maintain pricing discipline has propelled the once-damaged LTL sector to one of its best decades ever.

Meritor, Inc. is growing its manufacturing footprint in India by 25 percent with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor also is opening a research and development center in Mysore.

Payback for a record run of new trailer orders last summer continued in July with fewer than 10,000 new orders placed, a dramatic drop from the same month in 2018. Typical during summer months, low orders suggest a possible return to normal order patterns after an overheated second half in 2018.

Earlier today,  the Federal Motor Carrier Safety Administration (FMCSA) released a new Notice of Proposed Rulemaking (NPRM) to make changes to the federal hours-of-service (HOS) regulations. These include granting additional […]

The FreightWaves Freight Intel Group’s latest research shows that a freight recession is taking place.

The interagency Trade Policy Staff Committee (TPSC) is accepting comments and will hold a hearing to help inform the Office of the U.S. Trade Representative’s (USTR) annual report to Congress […]

Trucker pulls over in bad weather to help accident victims.

Transportation and logistics firm plans additional brokerage offices in the United States, while CEO suggests a willingness to make an asset-based acquisition.

Tariffs are dampening enthusiasm for apples grown in Washington state, the country’s number one producer.

More dangerous heat in several states today, with severe storms just east of the Rockies.

The Bureau of Industry and Security (BIS) is seeking public comment on the commercial impacts of the proposed addition of five chemical families to Schedule 1 of the “Annex on […]

Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.

Editor’s note: The opinions expressed in this commentary are those of John McCown and not American Shipper or FreightWaves. The Cato Institute took issue with my recent commentary on the […]

Transfix chief operating officer Lily Shen has added president to her title. The digital freight marketplace announced Shen’s promotion on August 14. Prior to joining New York City-based Transfix about […]

Memphis-based is the latest BiTA member. Read about this interesting company’s purpose.

Hyundai Merchant Marine, South Korea’s largest container carrier, said it had a smaller loss in the second quarter this year than in the same period in 2018.

186 transportation and logistics companies made the list.

30-minute rest break, split sleeper berth requirements among five major revisions.

Wisconsin-based Schneider National recently announced it is building a new operations center in Dallas, where the company will manage up to 500 truck drivers. The new facilities will include a […]

Views of the market from the ACT Research seminar

There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.

Can listed shipping shares break out of their slump before the U.S.-China trade dispute is resolved?

Plus: Delta to roll back pit bull ban; JD.com earnings surge; last-mile wine delivery.

Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.

The fleet management platform features an improved user interface and advanced engine diagnostics.

Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.

Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand.

Canadian transportation firm posts a 19 percent drop in revenue on tougher freight market on both sides of the border.

Customs and Border Protection is publishing a proposed rule to require customs brokers to collect certain information from importers to enable the brokers to verify the identity of importers, including […]

Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.

They are being recognized for their selfless courage in racing to pull a trapped motorist from his burning vehicle.

Japan’s busiest port in potential path of Tropical Storm Krosa. Slow downs likely for a couple days.

The announcements confirming Canada’s planned investments in rail infrastructure come as the country prepares for a federal election in October.

Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans.

Government denies claims the IRS misled company on excise tax rules.

Waiting until December to start running ELDs could leave some carriers in a lurch.

Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing “an important advantage a major global trading route.”

Multi-modal data and channel checks with freight brokers point to a good setup for peak season.

Distributed Ledger Technology (DLT) and blockchain is becoming more mainstream. Information about a new study of DLT provides details.

Two bond rating agencies downgrade UPS debt, urging caution in how it allocates free cash flows

The Environmental Protection Agency is proposing to update standards for hydrochlorofluorocarbons, including import requirements. EPA announced that its proposed updates include requiring electronic reporting for importers and exporters; improving the […]

Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive their very own Class 8 vehicle off the […]

The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.

Ashley Coker The Truckload Carriers Association has named Ed and Tracy Zimmerman, a husband and wife team who drive for Hirschbach Motor Lines, Inc. “Highway Angels.” They are being recognized for […]

As railroads cut less profitable routes, shippers should learn as much as possible about railroads plans for future service.

As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates, experts told FreightWaves. Protests at […]

Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.

Severe storms in the Northeast, life-threatening heat spreading across the South.

Ongoing political unrest has taken its toll on business sentiment throughout Hong Kong.

Daimler Trucks is sending the first two eCascadia Class 8 battery electric-powered trucks to fleets in Southern California in late August as part of a 30-truck test fleet preceding regular electric truck production.

Amazon nears U.S. release for Prime Air drone deliveries.

Some tech goods, including cellphones, laptops and video game consoles, won’t be subject to Section 301 tariffs when a new round takes effect September 1.

Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.

FourKites has connected the truck to the distribution center with its new Facility Manager solution, providing new levels of visibility into operations.

Phononic provides semiconductor chip solutions that help companies replace inefficient and bulky compressors, heat sinks and fans used for cooling and heating products moving in the cold supply chain.

In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a […]

But Japan’s biggest shipping line looks to restart Long Beach service after summer hiatus.

Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.

Japanese gas explorer, prospector and transporter INPEX (JPX: 1605), which is listed on the Tokyo Stock Exchange, announced a solid upswing in revenues, operating income and net income.

Australian bulk rail freight operator Aurizon (ASX: AZJ), which owns one of the world’s largest coal rail networks, reported a 15 percent decline in full year profits. Statutory earnings before interest and taxation (EBIT) were down by 14 percent and revenues were down 7 percent.

The Center for Advanced Mobility marks another stage in the evolution of Detroit as a hub for new transportation technologies.

In this week’s edition of By the Numbers, we take a look at one of the most important KPIs that trucking enterprises should be tracking each month – Driver to Non-Driver Ratio. 

UPS hires Pepsi executive as CFO in rare move going outside the company