News

Collective bargaining agreement between YRC and Teamsters union takes effect

April shipments were down 3.2 percent year-over-year, prompting Boughton to acknowledge “material and growing downside risk to the economic outlook” in the latest Cass Freight Index Report.

Rail market expert Jim Blaze discusses how FreightWaves SONAR can help determine how best to ship freight.

Preliminary used truck sales in the heaviest weight segment – Class 8 – fell 13 percent in April compared with the same month a year earlier.

U.S. Xpress provides some color on the company and the freight environment.

Members of Parliament (MPs) have indicated that they will vote down Theresa May’s European Union Withdrawal Deal for a fourth time after the Prime Minister said she would bring the […]

The five-year labor agreement was approved by Teamster-represented workers on May 3 but went into effect Tuesday after the final supplement contract was approved.

Amazon has broken ground on its Kentucky air hub, which will bring 2,000 jobs and up to 100 planes to the area.

Shiju Zacharia is promoted, Heinrich Hiesinger is elected and Simone Menne and Stefan Schulte are reappointed.

The legislation would establish the Freight Transportation Infrastructure Trust that would distribute the funds through a formula and competitive programs.

While the port’s focus is on containerized cargo, it says handling aggregate could provide a steady, divergent revenue stream.

Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.

House Democrats are seeking beefed-up labor, environment, enforcement and pharmaceutical provisions in the trade agreement.

Modular logistics outsourcing solution heralded as “market-changing service.”

Since last year, multi-million and even billion-dollar investments in new mobility have become so commonplace we almost don’t notice them anymore.

The House Appropriations Committee’s FY2020 Energy and Water Development and Related Agencies funding bill also would increase HMTF projects by $147 million.

The companies participating “will utilize the experience gained from this operation to accelerate commercialization.”

The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.

Haven is introducing a track and trace solution that is both affordable and seamless to integrate within shipping workflows.

Among the topics to be taken up by this week’s meeting of ocean shipping’s international regulator will be how the industry can lower its carbon dioxide output. One increasingly talked-about […]

Ashley Coker IMAGE: SHUTTERSTOCK The Cass Shipments Index came in negative for the fifth month in a row in April, sparking concern about potential economic contraction. Boughton Capital Founder and […]

Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.

Opus9 and FleetUp are offering Opus9 carriers access to a discounted ELD and the chance to become a Premium Carrier Partner with access to more freight.

Werner announced a special cash dividend of $3.75. WERN’s last special dividend was $1.50 per share in 2012.

NYSE-listed Diamond S Shipping brings an experienced management team back into the public arena.

Support for proposal split between large and small carriers.

Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, […]

Weather can cause significant delays to freight. FourKites is trying to help solve that by adding real-time management to its products.

UPS triples the number of destinations for Saturday export service to US.

Operating cost savings at stake as company deals with IPO expectations

Unusually strong storm could dump up to two feet of snow in the Sierra Nevada.

Two of the most-anticipated initial public offerings (IPOs) of the year have not gone exactly as planned, but what does that mean for other marketplace-style startups in the freight and […]

California and Oregon are both adding to the price via the “LCFS.” Oregon’s law just survived a legal challenge.

Walmart launches one-day delivery in Phoenix and Las Vegas two weeks after Amazon announces its plans to start the service

Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.

TruckPark recently launched an app designed to help alleviate the worry to find truck parking by allowing drivers to reserve a parking space using their smartphones.

Purchase expands network in British Columbia with firm specializing in long-haul moves for heavy-industry customers.

The maximum allowable beam for vessels transiting the Neopanamax locks was increased last year.

Beth Pride of BPE Global and Melissa Harrington of Descartes will discuss how companies can keep pace with customs compliance, tariffs, sanctions and more.

Support for the newly formed Brexit Party, led by the former U.K. Independence Party member Nigel Farage, has piled more pressure on British Prime Minister Theresa May as Conservative Party […]

David Chiang appointed as bunker risk manager, Matthew Garner hired as assistant vice president of ship design and Eric Sabo named head of business development.

The Plug and Play tech center is opening a new supply chain and logistics accelerator program in Bentonville, Arkansas, the center announced on May 14. The program will bring startups […]

Danaos CEO does not believe trade dispute will cut box-ship ton-mile demand.

A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) […]

Waterways Council Inc. President and CEO Mike Toohey says “the Corps of Engineers-maintained lock system would qualify for Social Security if there were such eligibility.”

Commissioners voted 7-0 in favor of continuing negotiations with the Oakland Athletics for the lease of Howard Terminal as the site for a new baseball stadium.

A pilot program would allow 18- to 20-year-olds to operate commercial motor vehicles in interstate commerce.

FreightWaves market expert Jim Blaze looks at a regulatory spat between Canadian National Railway and Canadian Pacific Railway over the concept of “open access.” Learn why that is important to all railroads – and shippers!

Good day, Truck makers have been insisting that medium-duty truck owners are starting to look for the same type of data analytics and remote diagnostic capabilities that long-haul operators have […]

Your weekly fuel report has arrived.

“With 90% of Americans living within 10 miles of a Walmart store, we’re well positioned to offer even faster delivery to customers in the future.”

Sen. Chuck Grassley said Americans “need to know” the Trump administration understands the economic pain they would feel in a prolonged trade war.

The definitive agreement came more than a year after Amber Road rejected a previous offer by the Austin,Texas-based supply chain software firm.

addvantage USA injects a specific amount of LPG in the engine air intake to increase fuel efficiency and reduce NOx emissions.

R. Eddie Wayland, TCA Legal Counsel PHOTO: SHUTTERSTOCK The United States Court of Appeals for the Ninth Circuit, which has jurisdiction over federal cases in Alaska, Arizona, California, Idaho, Montana, […]

The company’s Eagle Express X service will offer carriage of container cargo from Asia to Honolulu on alternate weeks.

The closure of the facility near Midland/Odessa will cost about 125 jobs.

The countdown for bringing Chinese goods into the U.S. ahead of new import duties is now underway. But it’s unclear whether the sequel will match last year’s container crush due […]

Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.

The British Columbia port handled just over 1 million TEUs in 2018, but planners say it has potential capacity of 6 million to 7 million TEUs.

China’s new list more than doubles the tariff on LNG, but it’s the dry bulk stocks that are feeling the pain.

A long-running lawsuit over leased vehicles appears to be reaching its conclusion. The lawsuit, Roberts, et al. v. C.R. England, Inc., et al, is scheduled for final approval by a judge on July 9, 2019, following a $37.8 million settlement that was reached last month in the class-action suit.

While the degradation was seen across most sectors, the transport sectors saw large declines.

Forward Air names Chris Ruble COO, Matthew Jewell chief commercial officer

Carrier accused of overworking driver in no position to pay.

The acquisition will allow customers to operate their entire end-to-end supply chain from one place in the cloud.

A number of rail equipment lessors and manufacturers have been merging and consolidating in recent months as a way to leverage themselves against marketplace changes brought about by precision scheduled railroading. Meanwhile, industry observers are watching whether railcar utilization grow in 2019.

Market expert Brian Aoaeh explains why all of us should be rooting for Uber, Lyft and other startups. Read why!

Shippers encouraged to make alternative plans now for the millions of tons of commodities that typically move on the Illinois River.

The study leverages the treasure trove of data Uber and Lyft possess showing where and when people are traveling.

Amazon.com, Inc.’s (NASDAQ:AMZN) need for personnel to staff its package delivery network is so acute that it is looking inside its four walls to recruit them. The Seattle-based e-taling giant […]

Soybean farmers along the Mississippi River have dealt with historic flooding this year.

AT&T has helped transportation companies stay ELD compliant with a telematics and driver workflow solution that improves efficiency of trucking operations.

Yuri Freedman is elected to board, Kalliope Economou is hired and Ginger Adamiak and Yesica Gloria Marrufo have new roles.

Deal gives Montreal-based specialty carrier a Gulf Coast base for future expansion into the United States.

FreightWaves has been selected as a finalist for the 2019 Red Herring Top 100 North America award.

In its first full quarter since repurchasing its spin-off, Navios Acquisition moved to lower its fleet age.

One-way ship and two-way barge traffic was restored Sunday in the wake of the collision that spilled about 9,000 barrels of gasoline blend stock into the waterway.

Delegates at the International Maritime Organization’s meeting on the marine environment have started their week long meeting that includes discussions on the implementation of the IMO 2020 sulfur cap, with […]

Reducing greenhouse gases is a key agenda item as the Marine Environment Protection Committee meets this week in London.

A credits markets reporter writes about the waning value of the motor fuels tax screen. A logistics company starts-up in Myanmar. And the supposedly available US labor pool is not as available as one might think

Negotiations are continuing between employers and the union with the help of Canada’s Federal Mediation and Conciliation Service.

Sustainable Shrimp Partnership has partnered with IBM to leverage blockchain and provide stakeholders end-to-end visibility into shrimp supply chains.

The Entity List comprises individuals and entities subject to specific license requirements for the export, re-export and/or in-country transfer of specified items.

Your weekly snapshot of how the markets are doing.

The purchase has an up-front consideration of $21 million with a maximum potential performance-based earn-out of $9 million.

The failure of the U.S. and China to settle their trade hostilities last week means retailers and shippers face ongoing risk and uncertainty, potentially through the first half of 2019, […]

If implemented, the tariffs will affect approximately $300 billion worth of goods from China in yearly import value.

The Treasury Department’s Office of Foreign Assets Control on Friday sanctioned two more shipping companies and their tankers for transporting Venezuelan oil to Cuba.

Expedited carriers and brokers discuss the reasons for weakness in expedited spot markets.

Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.

Australian integrated logistics provider Qube (ASX:QUB) has acquired Brisbane-based crane-hire provider, mining-related logistics services provider and truck-operator LCR Group for A$135 million (US$94.14 million).

The U.S. Postal Service suffered more of the same in its fiscal second quarter: Billion dollar net loss, parcel gains offset by mail losses

Collision causing delays at major U.S. export shipping route

Logistics real estate continues to attract money from institutional investors all over the world.

Shipping’s ‘trade war’ equation is not measured in tons at sea, it’s measured in tons times miles at sea.

Convoy, a freight-matching and supply chain solutions technology company, has been named Anheuser-Busch’s Non-Asset Carrier of the Year.

U.S. lawmakers weigh Arctic “St. Lawrence Seaway”

Vote by International Longshore and Warehouse Union Canada members ups the ante in contract talks by raising the prospect of a disruption at Canada’s largest port, Vancouver.