News

Cargo thefts fell 19 percent in 2018 compared to the year before, according to SensiGuard. Plus, the EU cuts a deal on truck emissions and another trucker protest is planned for this week.

Car manufacturer Honda confirmed the closure of its factories in Swindon and Turkey saying global trends were the cause of the closures that will occur at the end of the Honda Civic’s production cycle in 2021.

Maritime groups tell California legislators not to give special treatment to Oakland Athletics.

If the U.S. and China can’t agree on a deal for economic structural reforms in China by the end of March 1, 10 percent tariffs will climb to 25 percent.

China leads the world in adopting futuristic transport technology and transit models – like electric vehicles and mobility as a service (MaaS). McKinsey believes that the trend would continue in autonomous driving niche as well.

SSA Terminals, operator of Oakland International Container Terminal, submitted a $30 million order last week for three 300-foot tall gantry cranes.

The expansion project will lengthen the deepwater turnaround area by about 1,500 feet and allow for up to five new cargo berths.

The $17 million dock and crane rail extension is expected to be completed this summer, according to operator GT USA Wilmington.

Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.

FMC reviews 23 OTI license applications

   The U.S. Federal Maritime Commission has received 23 ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from A.T.I. North Point, New […]

Ocean carrier sees debt upgrade thanks to hitting cost synergy targets and fleet’s better fuel efficiency will help save operating expenses.

With the acquisition, J.B. Hunt’s Final Mile division has grown to 100 locations and 3.1 million square feet of warehouses and facilities space.

Port Tampa Bay, Evergreen, Rand Logistics, American Airlines Cargo, Regions Bank, A&R Logistics and Los Angeles Customs Brokers & Freight Forwarders Association.

More than two-thirds of the Class I railroad’s $3.57 billion plan is going toward railroad maintenance.

A remotely operated subsea vehicle was used to inspect the hull’s submerged areas on a MOL Marine-operated cable-laying ship.

Ashley Coker IMAGE: JIM ALLEN/FREIGHTWAVES Food and beverages were among the top commodities targeted in North American cargo theft incidents last year, according to a recent report from BSI Supply […]

The agreement was reached last week to double-track a four-kilometer section that links south shore terminals to the national rail network.

Brambles, a supplier of reusable pallets, crates and containers for the supply chain industries, recorded strong revenue growth but its profit was much lower in the first half of its financial year, according to results released to the Australian Stock Exchange.

An Australian court has refused permission for the creation of a coking-coal mine in New South Wales on the grounds that it would adversely contribute to greenhouse gas (GHG) emissions and would set back the fight against climate change. Legal scholars are hailing the decision as a “hugely significant” ruling.

A new initiative aims to make half of the company’s shipments net zero (emissions) by 2030.

J.B. Hunt has closed its acquisition of Cory 1st Choice Home Delivery, adding the last-mile business to its Final Mile Services Division.

Positive Train Control isn’t just about safety anymore as the railroads revisit how the technology can generate capacity and save money.

Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley (NYSE: MS), has purchased a majority stake of KSH Infra Pvt. Ltd. for INR (Rupees) 3.5 billion or $49 million.

Eight inches or more of soaking rain may fall this week in the Southeast. Flooding, road closures likely.

Closure of Honda’s plant in Swindon will cost 3,500 jobs at the factory and thousands of related jobs, including in logistics companies.

Kerry Logistics (SEHK: 636) has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian Nations (ASEAN).

Largest global logistics company aims to leverage local partnership for further inroads into China’s market.

The Trucking Freight Futures Road Show rolled into the “Big D” – Dallas! Learn more about Trucking Freight Futures and what participants discussed in Dallas!

When Daimler Trucks North America introduced its 2020 model year Freightliner New Cascadia. all attention was focused on the eye-opening headline: it is a Level 2 autonomous truck. While that is the sexy part of the truck, an even sexier headline for fleets should be the advances in fuel efficiency in the new model.

Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.

Haulynx adds the turn-by-turn navigation feature to its software app, integrating it with the smart load matching algorithm it was previously offering. Based on the available hours of service, geographic location, and truck type, Haulynx will suggest loads that can maximize truck capacity utility.

Michael Khouri discusses the FMC’s role as a regulatory agency in the ever-changing container shipping industry and what’s on his agenda for the remainder of 2019.

It won’t make it here.

Undersecretary said her government is “not considering anything” other than the agreement as it is written, amid calls from some Democrats to renegotiate certain parts.

Section 301 tariffs across $200 billion worth of goods from China are set to rise from 10 percent to 25 percent on March 2, unless the U.S. and China can […]

Robinson sees low to mid single-digit contract gains, soft spot pricing, Biesterfeld says.

Year-over-year contract rates are projected to increase and overall rates are expected to remain mostly flat this year.

Vasquez, the new administrator, will take office in September; Espino de Marotta, who led the canal’s expansion program, will take office in January 2020.

The expansion has doubled the terminal’s annual container throughput to 1.2 million container lifts a year.

The port handled 14.51 million TEUs and had a total throughput of 469 million tons, both of which were record highs.

Ports of Virgiana and Charleston put up strong numbers to start 2019, but regional Fed warns that slowdwon could be approaching.

While contaner volumes were flat in 2018, more cargo is moving to and from the port by rail.

PHOTO: JIM ALLEN/FREIGHTWAVES By TCA Retention Coach Ray Haight So far we have talked about setting your retention and recruiting efforts up for success. We have also discussed the TPP […]

After years of development work, TSA’s approval for third-party canine screening should provide faster and more accurate air cargo acceptance and security screening, and reduce truck detention at airports.

National spot rates have been flying high for the past year, but have only recently fallen under previous year values as illustrated on FreightWaves newest charting feature.

The newest release adds major weather data features, visualization and modeling tools, additional news features, and DOT highway cameras.

Uber announced its fourth quarter earnings yesterday, with the results showing its market dominance in the cab-hailing segment and its extensive investment across different niche verticals it has expanded into recently.

WABCO Holdings Inc. (NYSE: WBC) beat Wall Street’s consensus fourth quarter expectations of non-GAAP earnings per share (EPS) of $1.98 by over 7 percent and GAAP EPS of $1.97 by over 11 percent according to Seeking Alpha.

Bridgestone Corporation (OTC US: BRDCF) missed Wall Street’s consensus expectations for its annual earnings per share (EPS) of SEN (Yen) 401.86 or $3.55 by over 3 percent.

Rails may need to raise rates to comply with new rules from Washington.

Two major agencies see a supply/demand balance that is tightening on the back of steep cuts coming out of OPEC.

Raj Subramaniam steps up as Bronczek retires.

V.Group has acquired Global Marine Travel (GMT) from Inchcape Shipping Services according to a V.Group press release. The acquisition will increase the scale of V.Group’s operations to offer global 24/7 travel services.

There are currently about 30,000 carriers on the Uber Freight network, according to the company. That number is expected to continue to grow.

Jacobs now must manage through loss of $600 million of his largest customer’s business.

In the transportation and logistics circles, blockchain has been an enigma – a technology that holds extensive promise on paper, and yet on the flip side, is extremely hard to implement.

Canopy Growth says retail availability of its recreational cannabis productions have increased as it reported record revenues on the newly legal Canadian market.

Several more feet of snowfall, whiteout conditions likely to delay drivers in the Sierras this weekend. It’s been a busy season, especially compared to last winter.

The absolute first step in evaluating your business as a User Interface is to do a thorough audit of every and all daily, weekly and monthly tasks and processes to provide a strong benchmark for where you are versus where you will be.

There were only ever two good reasons for Amazon to build a headquarters in greater New York City.

Dana Inc. (NYSE: DAN) beat Wall Street’s consensus revenue expectations of $1.91 billion for the fourth quarter of 2018.

Willie Frank Spight III had a number of options for how to spend his midwinter, two-week study reserved for seniors project, but he wanted some real life, real-time experience.

Electric vehicle startup Rivian announced a $700 million funding round led by Amazon (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall.

Containerized import volumes increased 9 percent last month over January 2018 totals.

The largest Canadian freight brokerage purchased a 3PL concentrated in the Southeastern United States.

Card carrying Conservative at North European ferry operator appeals directly to the British Shipping and Transport ministers, Nusrat Ghani and Chris Grayling respectively, in a bid to capture overspill freight from competitors following Brexit.

Transparency19 is getting closer! Here’s what you can expect your time to go towards.

Road Hunter, an app that provides tools for truckers, has launched a trip-planning feature on its platform that its active users can use for free.

A 25 percent tariff on $200 billion worth of Chinese goods destined for the U.S. may get delayed again, but supply chain uncertainty persists.

Plus: Record container loads, investor enthusiasm for Green New Deal and how much tariffs cost the U.S. economy

Swiss freight forwarder looks to the Middle East for opportunity with deal for one-time provider of logistics services to U.S. military.

The Swiss forwarding company Panalpina and Kuwait-based Agility talk “partnership opportunities” while the Danish firm DSV makes an all-cash offer for Panalpina.

Longshoremen working for DP World Australia (DPWA) are fired up over an alleged threat to their income protection insurance. That benefit was granted to them by the company three years ago in the last round of negotiations for a collective employment contract known as an “enterprise agreement”.

FedEx shares also tumble over speculation that Amazon may handle more logistics work in house.

The 2020 model year Freightliner New Cascadia features technologies that qualify it as a Level 2 autonomous, but drivers shouldn’t be scared off by that.

The Maritime Administration’s Port Infrastructure Development program receives funding for grants for the first time in the Consolidated Appropriations Act, 2019.

Customs and Border Protection said shipments on board the Yantian Express were in the process of being released prior to arrival in the U.S.

Interorient Marine Services will pay a $2 million fine to the U.S. government for attempting to conceal oily discharges into the Gulf of Mexico.

The rule is a revision of an existing one and requires railroads to establish geographic response zones and ensure personnel and equipment are staged and prepared.

OFAC said the violations were the result of rogue managers at AppliChem continuing illicit exports from Europe to Cuba under the nose of their U.S. owner.

The record-setting stow took place at the PSA Singapore terminal on the ultra large containership’s westbound departure to North Europe.

Every three years each of the stevedore companies enter into a protracted and bitter dispute with the local longshoremen’s representative body, the Maritime Union of Australia. This short article explains how and why.

Chris Henry, Program Manager, TCA Profitability Program (SOURCE: SHUTTERSTOCK) Nothing irritates me more than a poorly designed order / checkout process on a website. The causes of frustration can be […]

Wharfies are eyeing strikes at DP World Australia in pursuit of better terms and conditions in their next collective employment contract. Asian maritime shipping schedules and landside Australian logistics timetables could be thrown into disarray.

project44’s Jett McCandless, KeepTruckin’s Ori Franco, Transfix’s Drew McElroy, and Freightos’ Philip von Mecklenburg-Blumenthal were all panelists.

Share buybacks a better use of capital, Jacobs asserts.

Decision triggered by changes in Verizon Wireless product distribution.

Raging floods have led to water rescues, debris flows, evacuations in southern California. Threat continues tonight.

Ike CEO Alden Woodrow and TuSimple chief product officer Chuck Price discuss the value of being the first company to bring a fully autonomous truck to market, the trucking hardware challenge and how to get buy-in from the public and regulators.

A convoy of more than 150 trucks is trekking 2,500 miles from Alberta to Canada’s capital, Ottawa, to push for more pipelines and less regulation of the energy regulation

Elroy Air is working to expand the reach of expedited logistics by introducing an aerial cargo vertical takeoff and landing (VTOL) system that is designed specifically for carrying medium payload cargo over fairly long range distances.

BorgWarner Inc. (NYSE: BWA) beat Wall Street’s consensus revenue expectations of $2.55 billion for the fourth quarter of 2018, even though the company’s sales decreased 0.5 percent year-over-year (Y/Y), from $2.586 billion to $2.572 billion.

“It’s all about the cost savings, and, by the way, we’re also using the lowest emission option.”

Retail sales tumbled by the largest amount in over nine years in December 2018, providing a disappointing end to what was otherwise a strong year for the retail sector. The 2018 holiday season ended up well below expectations, and introduces some fresh concerns about the strength of the economy going forward.

FreightWaves, the world’s largest freight news and data provider, has announced the launch of FreightWaves Radio on SiriusXM’s Road Dog Trucking Radio channel 146.

While polls show that more than two-thirds of New Yorkers support the plan, politicians at the state and local level poisoned the relationship, the company suggested.

Maersk’s deal with New Jersey-based PBF Logistics secures 10% of the line’s IMO 2020 compliant fuel supply.

ODFL spends money on aggressive capex building out its network of service centers and maintaining a low tractor-to-trailer ratio, as well as, increasingly, share buybacks.

Thousands of retail stores to shutdown this year; Amazon’s Whole Foods increases grocery prices citing inflation; U.S. retail sales record worst drop since 2009.