News

Maersk, which has been reducing its holdings in Total over the past year, says it sold shares worth about $1 billion.

Bendix is now making its advanced safety systems available for retrofit for models where it was not factory-installed. Plus, U.S. finds little support for postal rate changes, detention time increasing and air cargo boom may be over.

Rodolphe Saadé, CEO of CMA CGM, is expected to be elected as chairman of CEVA during annual meeting in April.

NFI Industries will use the acquisition of the Seattle-based firm to expand its non-asset intermodal services, especially in refrigerated transport.

“A stalwart leader within the American Association of Port Authorities” passed away Saturday following a battle with pancreatic cancer.

The U.S. may move ahead with its plan to withdraw from an international rate setting forum if a compromise allowing countries to self declare rates falls through.

The Treasury Department agency has added four Russian individuals and six companies for their alleged involvement supporting attacks against Ukraine’s navy.

A World Shipping Council study outlines benefits of vessel-sharing agreements as European regulators study whether to extend antitrust protections past April 2020.

Slow steaming is potential way for ocean carriers to meet higher costs of IMO 2020, but it carries risk of further service degradation.

The acquisition of Poland’s largest container terminal is worth more than $1.1 billion, according to The Wall Street Journal.

The 11,000-TEU Cape Sounio, operated by ZIM on a service offered by the 2M alliance, arrived Monday after transiting the Panama Canal.

R. Eddie Wayland, TCA Legal Counsel IMAGE: JIM ALLEN/FREIGHTWAVES The National Labor Relations Board (NLRB) recently issued an important decision related to the classification of workers as either employees or […]

After posting record earnings for the fourth quarter of 2018, the company is expecting its first quarter earnings to take a hit from lowered demand in the early months of 2019.

Expansion follows launch of similar service for consumers.

Severe flooding hits home and causes two deaths in the region, but freight impact limited to major bulk commodities.

Joseph Lipsey III, the now former chief executive officer of Lipsey Logistics Worldwide, has relinquished his ownership shares in the company.

Acquisition to add $75 million in annual revenue.

Strong performance from Ontario-based Peterbilt dealerships reflects overall North American demand.

Two major railroads have stopped freight service because of catastrophic flooding in the Midwest where rails are washed out.

Stepping into the system is expected by this economist to be Donald Trump, using emergency powers to halt exports of diesel fuel

The Speaker of the House of Commons has potentially thrown a spanner into Prime Minister Theresa May’s Brexit works after ruling that the Government cannot return with the same bill or motion to Parliament twice, scuppering any further votes on her deal.

Your weekly market snapshot has arrived!

As cities witness the steady rise in vehicle inflow on their streets, city administrations would have to contend with two primary issues – prevalence of parking spots and the regular occurrence of traffic jams. Traffic micro-simulation models suggest a new regulatory scheme that might offer some respite.

Investors are risk-on for Europe, putting money into Italian, Greek, and junk bonds, and equities.

Good day, About $400 million in less-than-truckload business has gone elsewhere since regional carrier New England Motor Freight (NEMF) said Feb. 11 it would file for bankruptcy protection and subsequently […]

U.S. tariff levels on China apparently will depend on how far China is willing to go in agreeing to Trump administration requests for trade enforcement and other priorities.

Drewry says container carriers may try to mitigate the rising cost of fuel by slowing ship speeds and relying more on feeder ships.

CBP will begin accessing liquidated damages against non-vessel-operating common carriers that fail to timely and completely file their Importer Security Filings.

“It’s an elegant, beautiful, simple solution for storing energy, so much better than batteries. You break down water; you put it back together.”

Transportation Secretary Elaine Chao announced the immediate availability of the “quick release” funds to help repair damaged roads in Tennessee and Ohio.

The German logistics services provider made the purchase to help establish its network in Canada.

China is the number one country for emerging logistics opportunities in 2019, according to the latest annual Agility Logistics Index, which surveys over 500 logistics professionals. The country also takes the top spot both for domestic and international emerging markets logistics opportunities. India was in second place. Countries in the Middle East and South East Asia showed strongly too.

IMAGE: JIM ALLEN/FREIGHTWAVES By Steve Hitchcock, COO of Duncan and Son Lines I’ve read a couple of books recently that made me happy: “Factfulness” by Hans Rosling and “Enlightenment Now” […]

The University of Tennessee-Knoxville will be using FreightWaves’ SONAR in its supply chain management courses. An MOU between UT-K and FreightWaves means a heightened level of cooperation and mutual goals.

Comments by HEXO executive highlight difficulties cannabis producers face in getting product to consumers.

After a period of attempting to improve detention times with carriers, they appear to be falling into the old habits of making load/unload times are lower priority according to FreightWaves’ Detention Minutes Index.

Major agencies are checking in on what OPEC production was in February, and reductions are starting to bring world output level down to where the group said it wanted to get to when it met back in December.

The succession makes perfect sense and is a step in the right direction.

Revised package worth $3 million more.

I.D. Systems, Inc. (NASDAQ: IDSY) announced its acquisition of Pointer Telocation Ltd. (NASDAQ: PNTR; TASE: PNTR) on March 14 in a transaction valued at approximately $140 million.

Record flood stages have been reached on some Midwest rivers after heavy snow, record winds hit the Great Plains.

10-year old lawsuit is win for contractors but driver classification issue remains largely unsettled.

Through this acquisition, Omnitracs will work towards creating a truly unified driver experience through its next release Omnitracs One, expected to be unveiled late this year.

Training required for a Class A commercial driver’s license (CDL) just became less of a hassle for Class B truck drivers.

Following the loss of Grande America on 12 March a 10km long oil slick from the ship’s bunker fuel threatens to pollute parts of the French coast, while cargo owners count the cost of the destruction of their freight.

Industrial production rose by a paltry 0.1% in February, restrained by a second consecutive decline in manufacturing activity

Rates from Asia to the U.S. East Coast have fallen since the fourth quarter of 2018, and there are “several signs of slowing world trade.”

We look at the grounding of Boeing 737 MAX aircraft and just how much of an impact it will have.

The ships will replace older ships and be used in the intra-Asia trade by Sealand, which operates feeder ships for Maersk.

Plus: Amazon slammed for warehouse suicide rate, Allstate chief disses automotive industry and real estate giant moves into logistics.

Fuel pumping operations could begin Friday or Satuday, said France’s minister of ecology, but the maritime prefecture said there is a risk of coastal pollution from the spill.

U.K. Freight Transport Association doubles down on advice to members to plan for a worst-case scenario.

The IEA came out with some detailed numbers on what the impact of IMO2020 will be on diesel demand. But its estimate of non-compliance is a lot more than that of a panelist at CERAWeek.

High winds were a contributing factor to the Wednesday morning incident in which about two dozen railcars fell from a trestle onto a river bed.

Customs and Border Protection puts 28-year agency veteran Donald Kusser in charge of the nation’s second-largest airport.

French container carrier increases ownership of Swiss logistics company after monthlong tender offer.

International terminal mega-operator, DP World, has announced a solid set of results for 2018. Revenues, earnings before interest taxation depreciation and amortization (EBITDA), and net profit all substantially increased last year compared to 2017. Acquisitions and increased box volumes drove revenues and profits. DP World has announced investment plans for 2019.

All four crew members of the Michelle Anne safely escaped Thursday, but a Coast Guard incident management team confirmed a oil sheen in the water.

The government watchdog agency found that U.S. Customs and Border Protection expanded its reimbursable services and donations acceptance programs over the last year.

An inland port in Georgia can be in the works for automaker.

United Parcel Service (NYSE: UPS) is being sued by 19 employees at an Ohio distribution center who allege the company fostered a “racially hostile work environment.” The lawsuit, filed in […]

The UK’s House of Commons has voted to ask the European Union for an extension to Article 50 following a series of votes on amendments that were all rejected by Parliament.

Uber and Waymo are admitting they don’t want to commit the resources necessary for autonomous tech to be commercially viable.

A Colorado state trooper is killed while helping a stranded driver during Wednesday’s blizzard. Record winds, wrecks, road closures, power outages also results.

Shippers and 3PLs are looking to build relationships that are less transactional and more strategic. That requires a shift in thinking, as both parties have to pay attention to a broader set of concerns than spot and contract rates. (Sponsored by Redwood Logistics)

Pennsylvania-headquartered 3PL has grown operations from Atlanta to Southern California and wants to accelerate growth.

National freight volumes pulled back a bit this week after a strong start to March. Not all areas of the country are having the same experience.

Funding plan keeps Charleston and Savannah on course to handle larger container ships.

Uber spends over $1 billion every year on Waymo; Lyft is nearing its IPO; Fiat recalling 863,000 cars due to emissions issues.

A CEO is named for Europe, and a vice president for labor relations is appointed.

20% revenue growth YOY on cargo and mail helped a lot.

The road can be a dangerous place when severe weather hits.

The 430-acre Logistics Center Hudson, located northeast of downtown Denver, is part of BNSF Railway’s $65 million investment in Colorado this year.

Chaos in the United Kingdom following this week’s voting in Parliament has seen sentiment shift from despondency, to anger and finally utter confusion as politicians complicate Brexit.

V.Group, a prominent global marine and offshore vessel management and support services provider based in London, appointed Steve Holland as a non-executive director on March 13, the latest in a series of significant changes at the company.

In partnership with Reliance Partners …Speeding has been one of the single largest causes for road accidents. Today, technology can learn from data on dangerous driving behavior to help drivers modify their risky traits via consistent and positive feedback.

The Grimaldi Group ship was carrying about 2,200 tons of heavy fuel oil when it sank Tuesday in the Bay of Biscay.

While propane doesn’t pack quite the punch diesel does, it does produce enough power to handle many of the tasks at a fraction of the overall cost, advocates say, so why is not a more popular fuel for commercial operations?

The bills introduced by Rep. Xochitl Torres Small, D-N.M., and Rep. Clay Higgins, R-La., focus on bolstering CBP staffing.

Terminals moving out backlogs of containers and improving turn times; outbound freight demand still strong as drayage remains tight.

The Florida Ports Caucus met Tuesday to discuss the priorities and needs of the state’s ports.

Brian Snell, a professional truck driver for Pottle’s Transportation of Hermon, Maine, has been named the 2018 Highway Angel of the Year by the Truckload Carriers Association (TCA) and its […]

The Leaf platform allows shippers and carriers to enter into so-called “forward contracts” – the buying and selling of future transportation capacity.

Biofuels created by recycling used cooking oils are being tested by ocean-going ships in pilot trials around the world. Such biofuels may even be gaining acceptance by ocean-shippers, freight forwarders and ship operators.

The entire Boeing 737-MAX fleet is now grounded following an FAA decision that followed similar decisions by China, the U.K. and others.

Canadian transportation and logistics company searches for replacement of Kasia Malz, who helped guide mergers and acquisitions.

Digital tenders of DG documents now in effect for air commerce.

The UK Parliament has voted to reject a no deal Brexit, but business leaders have criticised the Government’s announcement for tariffs on trade if a Britain leaves without an agreement.

Corporate compliance programs must protect against costly violations of the Foreign Corrupt Practices Act.

Gimaldi, the owner of the Grande America which caught fire and sank off the coast of France this week, has confirmed that the fire started in a cargo container. The third such fire in the last three months.

Blizzard in the Great Plains result of a storm that is “bombing out”, producing record low pressure readings.

Recently uncovered case files from the Waymo vs Otto trade secret theft case, reveal Uber’s optimism with self-driving cars in 2016, which included the company envision running 75,000 self-driving vehicles across 13 cities by 2022.

FEMA contractor and logistics executive are arrested for distributing cocaine to minors. If convicted, government contracts could be at risk.

Task force agents conducted a weeklong enforcement blitz and found counterfeit Xanax pills, botox, transceiver network modules, e-cigarettes, Rolex watches and iPhones.

Data on producer prices shows that overall inflation pressure eased further in February, as a gain in goods prices was restrained by the service sector. Industry detail showed that overall trucking rates declined in February, led by the largest decline in long-distance truckload rates in four years.

Martinez emphasized a collaborative approach to regulation and said that removing non-preventable accidents from CSA scorecards is next on the agency’s agenda.

United Parcel Service Inc. (NYSE: UPS) has invested $270,000 into promoting women in the exporting industry as part of the more than $10 million pledged by the UPS Foundation last year to promote diversity and inclusion.

The Government Accountability Office said the Small Business Administration can take steps to improve oversight of its State Trade Expansion Program grants to states.

90% of U.S.-based Fortune 500 companies seek assistance from one or more 3PLs.

Blockchain in Transport Alliance (BiTA) has published its inaugural blockchain standards, with the consortium trusting the framework would act as a springboard for companies within the industry to develop blockchain-related applications.