Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
The DOE statistical arm has the most precise forecast of anyone on what IMO2020 will mean for diesel prices. It’s fairly conservative.
Brave driver rescues trucker from fiery death; hostile takeover; billions for roads; truck sales; pay truckers on time… or else!
South Florida market continues to attract a steady flow of newcomers aiming to get their piece of the freight.
Big data and shifting consumer preferences will revolutionize freight transportation, according to Association of American Railroads panel.
Inflation surprise is one of the biggest risks to economic growth for the remainder of the year, FTR senior economist Bill Witte said Thursday.
The Justice Department said a North Korean-flagged bulk carrier is in U.S. custody for illegally transporting and concealing exports of North Korean coal.
Awards also go to Crowley, James, Mountevans, Cloud Logistics, Fleet Advantage, Gebrüder Weiss, IAPH honorees, Indiana port, The Andersons and Werner.
European Union (EU) leaders met to discuss their plans for the next five-year period in Sibiu, Romania on 9 May, after the meeting the leaders released a statement with “The […]
The purchase of the TMS implementation and integration services provider is the Chicago-based 3PL’s third acquisition of 2019.
Market expert Brian Aoaeh writes about the impact of market disruption on the freight brokerage sector. Learn how Amazon, artificial intelligence, machine learning and other disruptors will change the business…
Agoric CEO Dean Tribble explained how smart contracts use cases in logistics are interdependent and build on each other.
Market expert Jim Blaze compares and contrasts Amtrak and America’s freight railroads.
Cathy Roberson, an aviation market expert, writes about the effect Amazon is having on U.S. airports.
Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
Daunting challenges to effective humanitarian logistics processes, Chernock says
Plus: SoftBank’s wager, the ownership economy and ride-sharing in Uganda
After a decade of disrupting urban mobility, Uber finally opens up for its initial public offering (IPO) at the NYSE on May 10.
The FMC chair says if freight rates don’t improve to recoup carriers’ cost of capital, the industry “points toward more consolidations, mergers and acquisitions.”
The agency issued guidance on Friday detailing the specifics of the tariff increase from 10% to 25% on $200 billion worth of goods from China.
Loaded imports were mostly flat and loaded exports decreased, but empty containers grew by double-digit percentages at both ports last month.
Australia, Japan and Singapore are leading the World Trade Organization e-commerce initiative.
Seaboard Marine also will launch additional services in June linking Savannah to South America, Central America and the Caribbean.
The movement of freight has become increasingly complex and dynamic — from hours of service regulations to increased carrier pressure to hit customer delivery windows and provide superior customer service, […]
Meeting the IMO 2020 sulfur regulation should not be a problem for owners when the regulation enters into force in January 2020 but making certain that the enforcement of the […]
Ashley Coker New digital freight brokerages are popping up at breakneck speed, and the growth is expected to continue over the next five years. Trucking-as-a-service (TaaS) is expected to grow […]
According to IBM research, transport execs are keen to adopt blockchain and understand its use cases.
The Blockchain Research Institute (BRI) and Blockchain in Transport Alliance (BiTA) announced a partnership to support members of both organizations in their efforts to build a collaborative network of leaders […]
Beijing has sworn to institute countermeasures to combat a huge increase in tariffs, from 15 percent to 25 percent, that have been imposed by Washington on $200 billion worth of a wide range of Chinese goods. A set of high-level, last-minute, talks yesterday to postpone or prevent the tariffs failed.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net […]
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 […]
One of North Korea’s largest coal-hauling vessels has been taken out of service by U.S. authorities in the first-ever cargo ship seizure related to sanctions violations by Pyongyang. The vessel […]
Pairing professional truck drivers’ skills behind the wheel with automated systems designed to help prevent crashes is a win-win for the trucking industry, says Jason Palmer, chief operating officer of SmartDrive Systems.
GM closed its Lordstown Complex on March 5, 2019, but it could see new life as the company is negotiating with Workhorse, which would build electric pickups in the facility.
There are reasons to be optimistic about rates in both the crude and product tanker sectors – and INSW’s fleet spans both categories.
Freight volumes continue to increase steadily with no real implications to rates yet. Mother’s Day flower season hits Miami.
A Canadian National (NYSE: CNI) subsidiary has acquired the intermodal assets of Alberta-based H&R Transport, a company that specializes in the over-the-road, temperature-controlled service. The acquisition will expand CN’s presence […]
Eminent, founded in 2003, is made up of 37 consultants.
PPI data showed some firming in overall inflation, though trucking rates fell again in April
Fleets must look to leverage technology to improve the quality of life and driving experience of truckers, which eventually leads to driver retention.
Patrick Duffy is the new President of the Blockchain in Transport Alliance (BiTA).
A requirement for ships to go slow in order to reduce greenhouse gas emissions could be counterproductive, says the Coalition for Responsible Transportation.
The companies will “collaborate on a wide range of cross-industry initiatives” and integrate their systems.
CEO Rolf Habben Jansen said transpacific contract rates saw an average “three-digit increase” per TEU.
On stage at Transparency19, FreightWaves CEO Craig Fuller unveiled SONAR 4.0 (video included).
Crude tanker owner DHT Holdings believes the stage is now set for a pronounced upswing in rates.
The high import levels expected through the summer are driven by a rise in retail sales and plans to increase and broaden the tariffs against China.
FreightWaves Radio’s eleventh national show was broadcast on Saturday, May 4 on SiriusXM’s Road Dog Channel 146. Unlike other industry-specific radio shows that often have particular messaging or lobbying aims, […]
Trade attorneys reported that the notice for tariffs to increase from 10% to 25% applies only to goods that are both exported and entered for consumption after 12:01 a.m. Friday.
Containerized import volume was up 7% year-over-year, but port officials “are concerned about what comes next.”
U.S.-China trade tariffs war is heating up; Asian oil importers have not stopped importing oil from Iran; Uber has a staunch rival in Ola across the Indian market.
Justin Pinchback is hired as chief people officer and Bookda Gheisar is named senior director for equity, diversity and inclusion.
The rise of urbanization is forcing the trucking industry to reexamine its business practices as there are major transformational shifts currently affecting the heavy-duty truck market.
Real estate services concern Cushman & Wakefield (NYSE: CWK) has hired Tray Anderson, a top executive at supply chain management consultancy Fortna, to run its logistics and industrial services operation […]
The settlement affects 17,519 drivers who entered into vehicle lease and independent contractor operating agreements between 2007 and 2017.
Enhancement of routing and scheduling software designed to help transportation planners “do more with less.”
Cruise Automation, the autonomous vehicle startup acquired by General Motors (NYSE: GM) in 2016, has secured an equity investment of $1.15 billion that values the company at $19 billion. The […]
But the company says revenues are up and predicts an increase in operating revenue for 2019.
Hapag-Lloyd (FSE: HLAG) reported first-quarter results that were better than expected thanks to strength in its trans-Atlantic franchise, better exchange rates, and the one-time effect of an accounting rule change. […]
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 […]
The relationship between truckload and less-than-truckload (LTL) is like two cities positioned around the epicenter of an earthquake.
President Trump ordered new sanctions to be placed on Iran’s iron, steel, aluminum and copper industries in an effort to curtail weapons manufacturing and political influence.
Manila, Philippines-based container terminal operator International Container Services International has posted a solid set of first quarter results. Revenues were up. Profits were up. Box lifts were up. The group attributed its good results to operational improvements, lower finance costs and a “ramp up” in contributions by its new ports.
Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.
It’s rough out there in the dry bulk ocean shipping business. New York-headquartered Genco Shipping & Trading (NYSE: GNK) posted a net loss of $7.8 million in the first quarter […]
Whether truck location data is generated from electronic logging devices (ELDs) or proprietary tracking or routing software, there’s one location – the loading dock – where more supply chain visibility […]
Cervus Equipment (TSX: CRV) expects truck sales to rebound its Canadian Peterbilt dealerships as an order backlog improves during 2019. “The order backlog is a North American backlog,” CEO Graham […]
Getting better use from logistics assets, whether it be drivers, trucks, trailers or warehouse operations, is a major theme of Transparency19. The six rapid-fire demonstrations on the second day of […]
Too much to talk about with too little time. Several key industry topics were bantered about by some of the best thought leaders in the industry on the final day […]
Canadian Pacific (NYSE: CP) and Canadian National (NYSE: CNI) both moved record volumes of grain in April, following a harsh winter that sometimes curtailed rail shipments. Canadian National said on […]
As the transportation industry adapts to a digital world, owner-operators to large fleets are all grappling with how to adopt new technology. “There are more technology choices than ever. Bob’s […]
It is almost impossible to be a decision-maker in the transportation and logistics industry today without working with data. While good data can propel a company forward, bad data can stall growth.
Effective May 28 the maximum authorized draft for vessels transiting the canal’s Neopanamax locks will be 43 feet, down from 50 feet at the beginning of the year.
Pricing, procuring and planning ocean and rail freight was for years a dark art practiced by a cabal of freight forwarders and logistics professionals. But the ethos of many transport […]
IMO 2020 is will increase demand for distillates and put upward pressure on diesel. How should truckers prepare?
Finding the right investor is critical as venture capital firms continue to pour money into freight-tech startups, a panel of investors said this morning. “When you’re in that meeting, the […]
Every five years the European Union hold elections for its Parliament and appoints new commissioners. Before each new commission the heads of government hold a key summit at which they set the investment priorities for the next cycle. This year that summit takes place in Sibu, Romania on 9 May.
Members of the International Longshore and Warehouse Union (ILWU) in British Columbia will vote on authorizing a strike, setting the stage for potential disruptions at the Ports of Vancouver and […]
APL Logistics, Kinedyne LLC, Port of Virginia and Sea Machines introduce new hires.
The New York City Department of Sanitation (DSNY) will put into operation a battery-electric vehicle (BEV) built by Mack Trucks in 2020. The vehicle is an LR model refuse truck. […]
YRC Worldwide (NASDAQ: YRCW) reported a $31.7 million consolidated operating loss on first quarter 2019 revenue of $1.182 billion. The loss widened from a year ago and revenue fell slightly, […]
Drivent is a self-driving technology company that is creating a suite of solutions that integrate with autonomous vehicles and provide exceptional user experiences.
The partnership between ride-sharing company Lyft (NYSE: LYFT) and Google-affiliated, self-driving car technology company Waymo is just one initiative in Lyft’s strategy to stake a claim in the emerging market […]
Some shippers have not yet posted general average and salvage security.
The National Association of Manufacturers called on Congress to swiftly reauthorize the Ex-Im Bank after three board members were confirmed.
House Ways and Means Trade Subcommittee Chairman Earl Blumenauer said consideration of the bill could slip into the next Congress and presidential term.
The Transportation and Infrastructure Committee favorably reported the Full Utilization of the Harbor Maintenance Trust Fund Act with one lawmaker voicing opposition.
Technology is reshaping the transportation and logistics world, bringing innovation, opportunities and threats to existing ways of doing business, journalist David Rowan, founding editor of Wired UK, said during a […]
KeepTruckin Chief Executive Shoaib Makani laid out the company’s ambitious plans to move beyond its core electronic logging device (ELD) market to becoming an end-to-end provider of truck technology. The […]
Eurostat, the statistical body of the European Union (EU), has released early statistics that show an overall decrease in the level of carbon emissions from industry in 2018 compared to […]
Discover how Carggo’s revolutionary platform is reshaping freight transportation for 3PLs, shippers, and carriers.
If lab-grown meat substitutes for farm-grown meat and is commercially successful, it will lead to a drastic reduction in freight ton-miles.
Members of the International Longshore and Warehouse Union have been negotiating with employers for 17 months to replace the contract that expired on March 31, 2018.
Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million […]
The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.
The containership chartering company also increased its operating revenue by $28.4 million in its first full quarter since merging with Poseidon Container Holdings.
Growth of developing countries is disrupting trade flow; logistics job openings trump available workers; Starbucks is experimenting with blockchain for coffee supply chain traceability.
Several companies focused on using technology to make the process of moving freight more efficient showcased their products during the last round of Rapid-Fire Demos at Transparency19.
