News

Stockpiles in the country are building up. Also: more hints on the price of fuel in a post IMO2020 market; Russia’s lack of assistance to OPEC

The signing of mutual recognition agreements between the U.K and the U.S. should smooth the movement of pharmaceuticals and electronics, but the bigger prize will be a free trade deal and that will be far more complex to secure.

Government continued to pay for services even though it was aware of carrier’s reweigh policies, YRC, others say.

If confirmed, the new DOJ deputy could bring with him from DOT potential deregulatory influence.

Thick ice, heavy snow, damaging winds coming to a large portion of the U.S. this weekend. Temporary supply chain disruptions likely. Dangerous conditions for truckers.

When you contemplate the strengths of successful businesses, it is common to focus on a unique product or service offering or a creative marketing strategy that was used to gain market share. You may also think of strong leadership, those with the vision and courage to climb above the rest. However, we often forget to acknowledge the massive importance of organizational structure and design in the ongoing success and viability of a successful business.

Unpredictable demand, expectations of a high service level, and labor scarcity are the most significant challenges that face logistics today, and it is crucial for warehouses to face up to it by having the right mix of automation and human resources on its floor.

“We have a lot of reasons to believe 2019 will be our best ever.”

The Canadian auto and truck parts maker reported record sales, but the Trump administration’s tariffs will continue to hit its bottom line.

Freight Alley in Chattanooga was the scene on the afternoon of February 21, when executives from FreightWaves, Nodal Exchange, DAT and K-Ratio presented the Trucking Freight Futures roadshow. Trucking Freight Futures debut on the Nodal Exchange on March 29.

Amtrak wants to cut long distance trains for those that travel between heavily populated city pairs. But that plan doesn’t track with what Congress and the freight railroads want.

Transparency19 is approaching fast and sponsorships are already selling out. Now’s your chance to be a part of the hottest event in the industry.

VC-backed freight forwarder wants to expand geographic coverage and add freight expertise after latest cash infusion.

In partnership with Slync… sustainable supply chain initiatives depend on shared data, realtime collaboration, and advanced analytics.

Manual transmissions have almost disappeared from cars and light-duty trucks. But that isn’t the case in heavy-duty trucks. Read the pros and cons of manual and automatic transmissions in Class 8 trucks.

Read on economy from container data does not indicate slowdown yet in cards for global trade.

Mexico’s ambassador to the U.S.discussed the prospects for USMCA-implementing legislation in her country as analysts weighed in on the variables that could impact entry into force.

Wireless charging could be key to making electric trucks viable for the long-haul sector.

SoftBank’s Vision Fund led the Series D round, which Flexport will use to improve technology, open offices and warehouses and hire employees with operational expertise.

But The Wall Street Journal is reporting the CEO had been under pressure for months to step down.

JAXPORT leaders at the annual State of the Port address report work may be completed two years ahead of the original schedule.

Plus: Smart chickens, Cargill’s climate change maneuver.

CBP reminded the trade that drawback claims must be filed in ACE according to requirements of the Trade Facilitation and Trade Enforcement Act.

ZAG International’s overseas managing director acquired cement clinker from a supplier in the United Arab Emirates knowing that it originated in Iran.

The company held a “Papa-Mama” seminar Thursday about the merits for men to participate in housework and child care.

(PHOTO: SHUTTERSTOCK) Guest Authors: Tim Almack – Partner – Katz, Sapper & Miller (KSM) & David Roush – President – KSM Transport Advisors (KSMTA) This is the second article in […]

Widespread jitters in the Australian political and business communities that China may have banned imports of Australian coal now appear to be unfounded. Customs clearance delays at Dalian are happening owing to entirely “normal” reasons and coal cargo can be re-routed around a given port anyway, coal mining and coal transport executives have explained to FreightWaves.

The transportation and logistics services company closed out 2018 with the highest quarterly revenue ever reported.

Proceeds to fund service expansion.

Delphi Technologies (NYSE: DLPH) beat Wall Street’s consensus expectations of its fourth quarter non-GAAP earnings per share (EPS) of $0.88 by 20 percent according to Seeking Alpha. However, quarterly EPS decreased 14.5 percent year-over-year (Y/Y) from $1.24 to $1.06.

Carrier didn’t give employees 60 days advance notice, suit alleges

Goods that are stuck at the borders would have to be declared at customs before entering the UK. The magnitude of the declarations would mean long queues at the port, and the U.K. government has reason to believe that blockchain could help avoid that.

Up-and-coming freight forwarder aims to flip script in how to reach customers and Japanese fund is on board for that.

Hong Kong-based Lalamove promises same-day deliveries in under an hour. The company has just closed a $300 million round of funding to expand its geographic footprint further.

Restructuring of the global economy means that manufacturers are shifting their production centres nearer to the markets they serve, in a process that Maersk calls reshoring or near-shoring, and poses a risk to the liner industry’s future revenues.

Senior U.S. District Judge Curtis L. Collier Jr. sentenced the final four women to be tried in the Pilot Flying J fraud case to probation and community service, the Knoxville News Sentinel reported.

Cell phones and driving don’t mix, but that doesn’t stop people. These are the roads where you’re most likely to find people texting and driving.

In partnership with Reliance Partners …Predictive data analytics has helped foster preventive maintenance in the trucking industry. It helps fleets plan their asset usage better, recruit and retain skilled drivers, and more importantly, reduce unplanned equipment downtimes.

UPS has sued a pot delivery company in California saying the company is infringing on hits trademarks; also FreightWaves announces a War on Detention, Connecticut wants to add tolls, and Ford leaves South America.

The overall market remains relatively stable as volume dip below 2018 levels in two major markets. Spring is around the corner. Will freight volumes return with it?

Connecticut truckers say tolling proposal unveiled by new governor would hurt business.

Digital upstarts have scored a lot of downloads, but their apps still aren’t as sticky as the incumbents.

The company says freight rates are higher as it begins contract negotiations with North American shippers.

Hurricane Katrina was a catastrophe of unprecedented proportions during the record-breaking 2005 Atlantic hurricane season, but it also served as an early example of how useful crowd-sourcing and satellite imagery can be in disaster response.

C.K. Yoo is credited with helping HMM navigate a difficult period and last April was offered a three-year contract extension.

But world’s largest shipping company sees high number of risks going into 2019 with container demand expected to be down from 2018.

With deeper channels, longer and wider ships will be able to move to and from berths without having to wait for high tides.

The ship, which was damaged by a container fire in early January, currently is at a yard in the Bahamas.

The strategic move positions the company to “more effectively provide economical shipping options for its clients throughout the Midwest and Northeast.”

Flexible automation in warehouses is about maintaining floor robots that are mobile, scalable based on demand volatility, and equipped to collaborate with humans for optimizing operations.

A study finds year-over-year growth of 8.2 percent for freight traffic and 3.6 percent for number of vessels that transited the waterway.

R. Eddie Wayland, TCA Legal Counsel IMAGE: JIM ALLEN/FREIGHTWAVES The third-party logistics provider (“3PL”) in this case had a clause in its Motor Carriage Services Contract with a non-exclusive trucking […]

Sydney-headquartered multi-modal logistics operator Qube has announced “solid” company earnings today. ASX-listed Qube revealed a small 5 percent increase in revenues and a large 36 percent increase in profits.

Sydney, Australia-headquartered customs and logistics software provider WiseTech Global yesterday released details of massive increases in revenues and profits. ASX-listed WiseTech reported that total revenues increased by 68 percent.

Fraudulent medical certifications that can put carriers and drivers at risk of more accidents.are under scrutiny.

Flinders Ports, South Australia, had a mixed bag of containerised cargo throughput results in 2018 compared to 2017, new data analysis shows. Overall containerised throughput – which includes imports, exports, empties and boxes in various configurations – was essentially flat.

Class 1 railroad plans ongoing projects at intermodal facility which is near major shippers and new warehouse space.

Thunderstorms, several more inches of rain to flood Southeast roads and homes through the weekend.

Pointivo, an Atlanta-based startup that makes artificial intelligence 3D analytics technology, has closed a Series A funding round of $7 million.

Targa Resources Corp. (NYSE: TRGP) missed Wall Street’s fourth quarter consensus revenue expectations of $2.74 billion. The company’s revenue decreased nearly 3.9 percent year-over-year (Y/Y) from over $2.7 billion to nearly $2.6 billion.

The FreightWaves Research Institute, in conjunction with industry partners, universities and technology vendors announces the “War on Detention Pledge” – a promise for companies involved in the freight transportation ecosystem to develop and advance research, initiatives and best practices to mitigate uncompensated asset and driver detention.

Was this a battle of wills at the very top?

DP World (NASDAQ Dubai: DPW) announced that it will repurchase P&O Ferries from Dubai World according to a DP World press release. The acquisition will be worth BGP (British pound sterling) 322 million or $421 million. (All values will be converted to U.S. dollars.)

Prime Minister Theresa May heads to Brussels for more talks with EU officials leaving behind a chaotic Parliment with political parties fragmenting as Brexit tensions rise to the surface.

Ken Husband drove a tanker truck 2,000 miles from Alberta to the Canadian capital, Ottawa, because he says the Trudeau government is hurting the oil industry. “What’s this country going to live on, apples and maple syrup?” he says.

The idea is to move from lecture-style classes to a hands-on, technology-driven approach, in an effort to set up drivers for long term success.

It doesn’t have to be an unusually warm winter day in the Southeast to get thunderstorms popping. Thanks to something called elevated convection, they rumbled for hours on Tuesday during very chilly weather.

Ecommerce is revolutionizing the way supply chains work, with predictive analytics and warehouse optimization playing a huge role in keeping up with consumer expectations.

In the past several months alone, more than 35,000 trucks were recalled for defects.

With the completion of the rights offering, the beleaguered carrier has a completely new capital structure.

From Uber’s diversification to the promise of improved trade between the U.S. and China to how we prepare for changing markets and industry models. All this and more in today’s headlines.

Analyst predicts a slowdown in U.S. containerized imports and continuing shift to to East Coast ports.

A KPMG trade analyst during a webinar outlined several measures companies subject to Section 301 duties might look into in order to remain competitive.

The House Committee on Oversight and Reform exposes potential ethics violations by the White House in its support to export nuclear power equipment.

Terminal operator’s move to strengthen its European short-sea presence follows last year’s acquisition of Unifeeder.

TFI International agrees to $7.2 million purchase of the Atlanta-based express delivery service’s assets, including its Guardian Medical Logistics unit.

The boundary between spot and contract pricing is always shifting, especially when freight markets are volatile.

The FreightWaves Research Institute, in conjunction with industry partners, universities and technology vendors announces the “War on Detention Pledge” – a promise for companies involved in the freight transportation ecosystem […]

The Taiwanese liner carrier has until May to decide on an option for four slightly larger containerships from Japan Marine United Corp.

Hong Kong is under global pressure to close back channels to facilitating exports used in weapons of mass destruction programs in sanctioned countries.

Largest ocean freight forwarder sees fuel bills increasing as much as 50 percent based on current price spreads.

The call will be a part of the company’s Pacific Express 3 service, which will create the “first direct connection” between the Vietnam market and central Florida.

Technology-driven logistics company names CFO; air cargo handler strengthens global network.

A solid quarter, year despite decelerating sequential net revenue.

A solid year with more on tap for 2019, Atlas says.

Walmart’s latest earnings report beat analysts expectations today, with  e-commerce sales growing by 43 percent during the company’s fourth quarter.

Congress is handing out $93 million in federal grants for improvements at the nation’s top 15 container ports.

TFI International Inc. wants to expand its last-mile business with the assets of U.S. courier BeavEX, which is seeking bankruptcy protection.

Airbus is ending production of the A380. Those in air cargo won’t miss the plane, because as big as it is, it doesn’t hold that much cargo!

Nothing is certain except death and taxes. And, apparently, vehicle recalls.

Thick ice accumulation, several inches of snow will hit the Great Plains, Midwest and Northeast through Wednesday. Temporary disruptions in freight movement, supply chain likely.

Targa Resources Corp. (NYSE: TRGP) has agreed to sell a 45 percent stake of Targa Badlands LLC (Badlands), the entity which holds all of Targa’s assets in North Dakota, to investment funds owned by GSO Capital Partners and Blackstone Tactical Opportunities.

GreyOrange announced a AI-powered modular sortation system that provides flexible automation in modern distribution and logistics centers, and can sort close to 12,000 parcels per hour.

The European Parliament and the European Council have reached a provisional agreement to curb greenhouse gas emissions from trucks by 30 percent compared to 2019 levels..

SIMBA Chain has raised $500,000 in a pre-seed financing round, according to PR Newswire. Backers of the round include Elevate Ventures, the Notre Dame Pit Road Fund, Tracy Graham (chief executive officer of Data Reality) and Hari Agarwal (chief executive officer of AECI International).

The transportation giant will be using cloud-based software applications Load Track and Smart Capacity to improve its processes and make working with Schneider’s logistics division as seamless as possible for carriers and drivers.

The audience in Atlanta was one of the most engaged and informed to date.

Shippers responded to tight capacity and high rates in 2018 by turning to managed transportation providers, and if the predictions for 2019 come true, they will likely continue down this path.

Sponsored by Redwood LogisticsWe look at emerging trends in retail supply chain.