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Daimler AG announced a “high-three digit million” hit to second quarter 2019 earnings related to ongoing expenses to remedy its diesel emissions woes.
Container shipping faces weak summer demand as trade related uncertainties keep pressure on freight rates. The Freightos Baltic Global Container Index (SONAR: FBX.GLBL) ended June 21 at $1,307 per forty-foot […]
Yang Ming said the new service is to cope with the “relocation and adjustment of cargo flow and supply chains” amid “rising global trade tensions.”
The International Maritime Organization said piracy incident warnings from a Regional Maritime Information Sharing Centre email account in Yemen aren’t legitimate.
Barge movement update, severe storm potential, stifling heat
Oregon’s statehouse shut down over the weekend following threats issued by militias that are lending support to Republican senators opposed to the state’s cap-and-trade legislation. A vote that was to […]
You may have to become a super-shipper of choice. Don’t underestimate Walmart
Port authority chair is re-elected, COO is hired and promotions are announced.
Five Chinese firms added to the Commerce Department’s Entity List operate under myriad aliases, challenging U.S. export compliance managers.
Evergreen, Hapag-Lloyd, Yang Ming and COSCO all are said to be weighing new ship orders.
Sentiment toward shipping tech has reached a new high point among startups, tech investors and vessel interests.
2019 is shaping up to be the worst year for trucking in the past five years.
Although some Chinese economic indicators are flashing warning signals, Yunda, STO, YTO, and ZTO are still on fire.
Caroline Mulroney will be the ministry’s third leader in less than a year as province’s government contends with widespread public dissatisfaction.
Trucking Company Failures:SONAR users will now have access to trucking company failures. This data is calculated quarterly by Donald Broughton originating from creditors reporting bad debt expenses (defaults) related to […]
There are an enormous number of price relationships that will ultimately determine the supply and demand of fuels compliant with IMO2020.
Michael Lewis wrote “Moneyball” about the tactics Billy Beane used to improve the Oakland A’s. Read Zach Strickland’s take on using moneyball tactics in the freight market.
Reefer carriers are weathering the cooling freight market more efficiently than two of the main trailer types. An interesting data point supports this claim.
Few shippers understand the trucking business like Pepsi.
While President Donald Trump and Chinese leader Xi Jinping have agreed to meet at the G20 Summit in Japan next week, the U.S. agriculture industry remains skeptical that the ongoing tariff battle between the two countries will end anytime soon.
Smoking crystal meth directly led to a fatal crash that killed two truckers; meanwhile, dead kangaroos, speeding, and dodgy crane operators feature in two labor-law hearings in Australia
Carriers, by a two-to-one margin, are more apt to view this development as ‘very negative’ than freight brokers.
A wave of new logistics warehousing supply is unlikely to derail the increase in asking rents
The implementation of precision scheduled railroading has contributed to dwindling morale and could result in creating unsafe working conditions should the federal government withhold intervention, according to union witnesses at a June 20th Congressional hearing on rail safety.
Guest post by FreightWaves’ Kevin Hill Amazon’s entry into online freight matching is being met with skepticism and unease by much of the logistics industry, according to a market research […]
The Trump administration is considering levying tariffs on the remaining $300 billion of Chinese exports to the United States so far unaffected by duties. Freight Intel, FreightWaves’ proprietary research group, […]
Beemac Logistics, a Beaver, Pennsylvania-based transportation and logistics provider, has opened a new office in Houston to better serve clients in the region, said chief commercial officer Michael Ceravolo. Beemac […]
Tens of thousands of acres already scorched by wildfires in the West this year.
Chris Connor will succeed Kurt Nagle, the American Association of Port Authorities’ president and CEO since 1995.
The temperature-sensitive containers will be used to transport vaccines and other high-value biopharmaceutical shipments.
A spectacular blast lifts prices, but does it have staying power?
Automotive industry supply chain expert Surgere has joined the Blockchain in Transport Alliance (BiTA). Read more about Surgere and BiTA.
The commission voted 3-2 Thursday to deny an ILWU appeal of a permit that allows APM Terminals to test automated terminal equipment at Pier 400.
Six crew members have been arrested on federal charges and face possible life sentences after about 17.5 tons of cocaine were found on the ship in Philadelphia.
President Trump and Prime Minister Trudeau agree to implement agreement that has the potential to speed up the flow of goods between the two countries.
While there are various carriers that offer equine-specific flights, the most famous is a Boeing 727 nicknamed “Air Horse One.”
Mexico became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) when its Senate approved it by a vote of 114 in favor to 4 against on June 19. […]
The FreightWaves radio team of John Kingston & Chad Prevost will also be discussing the status of the trucking market. Three chances to listen in!
Market expert Donald Broughton explains how the U.S. gross domestic product can be a valuable tool by trucking companies (and others).
State-to-state dispute settlement issue potentially could be solved through an exchange of letters, says executive of Mexican business association.
All current members will step aside as part of the acquisition agreement.
Summer in the Rockies starts with several inches of snowfall
The Harbor Maintenance Tax is a disincentive for short sea shipping because it is imposed at both the port of entry and secondary port, a House subcommittee was told.
Following a second large drug bust aboard its box-ships this year, international ocean container shipping line Mediterranean Shipping Company has had its Customs Trade Partnership Against Terrorism (C-TPAT) certificate suspended […]
Among other honorees are ONE’s Jeremy Nixon, APL, Crowley, LoadDelivered, PSA Singapore, AFLAS and World Post & Parcel winners and Pinnacle recipients.
Maersk (Nasdaq OMX: MAER) will find out how much customers are willing to spend on its ambitious environmental agenda with a carbon-neutral container service. The world’s biggest shipping line is […]
Responding to Hong Kong’s proposed extradition legislation, Congress aims to shut down the territory’s transshipment channels to China and other sanctioned countries.
In partnership with Slync… data from across the supply chain must be integrated and automatically pushed to decision-makers.
Portline Bulk International in federal court Thursday agreed to pay a $1.5 million criminal fine for willfully dumping oily bilge into the ocean and falsifying its ship’s oil records.
It appears that Chinese retail investors are moving capital out of the country in response to the devaluation of the yuan.
Shanghai Stock Exchange-listed China Merchants Energy Shipping (SSE:601872) is engaging in a new private share placement of up to 4.1 billion Chinese Yuan to fund a fleet renewal program.
Japanese company Inpex (TSE: 16050) has today announced that it has filed a revised plan of development for the US$18-$20 billion Abadi Liquefied Natural Gas Project. The revised plan is […]
The Cass Freight Index Report showed further deceleration in the freight markets in May. Donald Broughton, Founder and Managing Partner of Broughton Capital and author of the report, warns an economic contraction could be underway.
Forward Air Corp. lowered its second quarter 2019 earnings expectation due to a $5 million accident claim reserve recorded in the quarter.
The port agency for Seattle and Tacoma is encouraging terminals to use extended hours, “peel-off” piles and street turns to ease congestion.
Purchase, combination of 2 logistics firms broadens vendor consolidation, volume LTL footprint
President suggests he’s willing to impose levies on Canada and Mexico during appearance with Prime Minister Justin Trudeau.
Changing harbor tax could help smaller ports compete with trucks
Blockchain technology can disrupt the transportation industry by bringing in digitization, trust and transparency to the market. But this will not be possible without a clear set of common and open standards.
Guest post by FreightWaves’ Todd Maiden The Cass Freight Index Report showed further deceleration in the freight markets in May. Donald Broughton, Founder and Managing Partner of Broughton Capital and author of […]
The Los Angeles Board of Harbor Commissioners narrowly approved a permit that would allow Maersk’s (Nasdaq OMX: MAER) terminals subsidiary to automate container moves at the largest marine terminal on […]
One of the highest-profile owners in ocean shipping expounds LNG’s appeal.
The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.
The demand for temperature controlled equipment is keeping the freight market active for reefer carriers and produce haulers, but general volumes continue to slide off 2018 highs.
When the doors of the container were opened, the system recognized it was not at the correct location.
In a future where autonomous vehicles offer mobility-as-a-service, it is critical to identify the parties involved in transactions – the users and the vehicles. Blockchain can help in this regard.
Autonomous trains might be fully running in remote Australia, but it will take awhile before those kinds of trains will be rolling down the North American countryside.
One lease extends the auto processor’s current lease at Blount Island Terminal, while the other provides 22.4 new acres of property at the Dames Point Marine Terminal.
Bonnie Reemsnyder and David Kooris are elected and Christopher Favreau and Kevin Boyer are hired.
An end to alliances also could result in fewer services calling only a limited number of ports.
Acknowledging the widespread issue of distracted driving is the first step to change. Technology can be used to monitor real-time driving behavior, with those insights leveraged to improve driver behavior.
Clothing retailer H&M, the first user of the product, wants to use its “size to be a force for good and enable scaling innovative solutions.”
Getting trucking right is particularly important for a company like General Mills (NYSE: GIS), which has faced so much cost pressure from this aspect of its supply chain in the […]
Snow, severe storms, sizzling heat on tap for Thursday
The Senate Commerce Committee pressed witnesses on a variety of issues Wednesday during a hearing about surface transportation reauthorization.
The United States has been ranked number 43 in the official list that ranks the quality of shipping, owing to the less-than-optimal performance of U.S. flagged ships in overseas ports. The U.S. ranks right behind Saudi Arabia and just ahead of Libya on the Grey List, which is a ranking of less-than-the-best flag states.
“We should work collaboratively for … passage of a trade agreement that creates jobs, protects workers and consumers,” said Rep. Mike Thompson of California.
The Port Authority of New York and New Jersey said this week that it is ready to be the second largest port in the U.S., thanks to the completion of […]
President Trump wants the federal government to weed out hundreds of no longer needed or inactive advisory committees from its roster.
A colder than normal spring across northwestern Mexico meant the Mexican table grape export campaign suffered a delay of several weeks, spiking demand in June for reefer trucks out of […]
Despite all the negative news, container shipping may be on a steadier course than in previous decades.
Will UPS take a harder pricing line on Amazon now that FedEx is gone from the air express picture?
Truck-borne freight is the most popular target for thieves, according to a new global study by cargo insurer TT Club and supply chain consultant BSI. Trucks and truckers face a variety of threats including firearm-bearing kidnappers and fake ‘police.’
A few months after launching the Facility Ratings feature in its app, Uber Freight has published its first Facility Insights Report, a compendium and analysis of carriers’ ratings of shipper […]
Ray Martinez concedes finding enough drivers aged 18-20 with military experience could be difficult.
Texas makes mail and parcel theft a criminal offense, allowing local law enforcement to prosecute cases rather than turn them over to the Feds
Canadian-based firm rolls out Amazon-like hubs to handle shipments for merchants using its e-commerce platform.
Carrier and logistics firm NFI was named in a report highlighting deficiencies in a New Jersey tax incentive program aimed at keeping businesses in the state. Camden-based NFI was one […]
Ashley Coker CHART: FREIGHTWAVES’ SONAR Volumes out of the Tifton, Georgia market have been moving upward since the beginning of the month, with FreightWaves’ SONAR Outbound Tender Volume Index (OTVI.TMA) […]
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
Passage of USMCA in the United States must happen this year or wait for implementation in 2021.
U.S. rail volumes trended downward again for the week ending June 15, with weekly volumes falling over 5 percent and year-to-date volumes declining nearly 3 percent, according to the latest data from the Association of American Railroads.
Electriphi, an electric vehicle (EV) fleet and energy management company, has launched a fleet electrification planning tool that gives customized analysis to help plan the electric transition. The tool is […]
The U.S. trade representative appeared before the Senate Finance Committee Tuesday on the first day of congressional hearings on the Trump administration’s trade agenda.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.
LTL giant claims new requirements would also add costs to its in-house driver training.
Fr8Hub recently announced that it will expand its services to provide domestic freight matching throughout Mexico, connecting shippers with available carriers throughout the country. The Fr8Hub carrier network currently features […]
