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.
Rise in expansion and efficiency projects comes after strong year of growth in company’s intermodal business.
The Houston-based startup is run by executives with decades of experience in global logistics, and plans to tackle the oil and gas vertical first.
Valentine’s day is all about love… and logistics.
But U.S.-China Business Council Senior Vice President Erin Ennis indicated she sees a path forward in negotiations during the National Association of Foreign-Trade Zones Legislative Summit.
The nation’s top electricity regulator gives exclusive insight into how the infrastructure behind electric trucks could fuel the coming transportation transformation.
Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
An increase in the gas tax and maintaining balanced economic regulation in railroading also were discussed during Wednesday’s Senate committee hearing.
San Francisco-based logistics provider Flexport is rumored to be in talks to raise about $500 million in a deal lead by SoftBank Group Corp. (OTC US: SFBTF), according to an article published on Axios Wednesday.
The Port of Long Beach, however, had decreases in total volume, imports and exports in January.
Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs
World’s largest container lessor says customer demand was supported by solid trade growth and increased reliance by carriers on leased containers.
Heads of less than container load and finance and a maritime director are appointed.
Never-ending peak season may finally be peaking as shippers rush in goods; shipowners tallying up the cost of scrubbers.
The European Union has solidified its position to create a technology platform that will allow ocean carriers to report standard data to port authorities.
Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.
Baraja raised U.S.$35m on the back of its ability to use lasers, prisms and the colors of the rainbow to grant sight to machines. It’s a critical step on the path to helping vehicles drive themselves. Photo – Shutterstock.
(PHOTO: JIM ALLEN/FREIGHTWAVES) By TCA Vice President of Government Affairs Dave Heller & TCA Manager of Government Affairs Kathryn Sanner By now, you have undoubtedly read the news that a […]
LTL space in Northeast will be at premium once NEMF goes out. Here’s how everyone is adjusting to the new reality.
Torrential downpours and hurricane-force winds have been flooding streets, toppling trees and power lines in the San Francisco Bay area. Threats spread to southern California tonight.
Things are looking pretty good for the future of freight.
So far this February has been what we would expect. Does the normally slow month have any surprises up its sleeves?
The Schulte Group has acquired a majority stake in TecHullClean Ltd. (THC). Schulte said in a press release that the acquisition will expand the range of its underwater ship inspection, repair and maintenance (IRM) solutions.
Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.
Critical fire weather conditions have developed across parts of the nation’s heartland. Warm temperatures, low humidity, very dry ground. One spark could set up a chain reaction.
Maersk says it will expand the technology behind its customs house brokerage business as well as developing its integrated logistics business.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Plus One Robotics helps warehousing robots get scene perception, allowing them to identify and pick parcels from a cluttered pile.
Options are a key hedging tool, because they can require a far smaller initial outlay for a company to protect itself from wild price swings.
A bipartisan deal on the table. Amazon and GM consider investing in electric pickup maker, Rivian. The volatility of spring markets. All this and more in today’s pickup.
The bill would realign Section 232 investigative authorities with the Defense Department and let Congress strike down any ordered duties through a resolution of disapproval.
Customs house brokerage is a “sticky” service, and that’s what makes it attractive.
Stifel’s head of equity strategy thinks the stock market will be weak for the next decade and that the federal government will default on debt unless it can force access into Chinese markets.
Backed by CI Capital, the Chicago-based company already has made two acquisitions this year.
Leading dry bulk operator lists out upsets in iron ore and soybean trade as shipping rates slide on weak China demand.
The most common pests intercepted by U.S. Customs and Border Protection agriculture specialists in imported flowers are aphids, thrips, moths, miner flies and mites.
The board’s executive secretary said companies intensively involved in re-export activities are among those seeking to benefit from the foreign-trade zones program.
The terminal, which also is acquiring lifting and container yard equipment, has the option to buy another crane this year.
The company will use the investment to grow its commercial autonomous fleet.
From sales to science, a slew of appointments take place in the U.S. and U.K.
Friday 15 February will be the day that some ships departing British ports, for six-week journeys across the globe, will need to know whether Britain is subject to a no-deal Brexit or is continuing as a member of the European Union and therefore which what documents to carry with them.
Tax incentives that make for cheaper diesel fuel ran out in 2018, and the trucking industry is looking for a vehicle on which to extend it. Could it be the border wall?
Supply chains, not guitar strings.
How do you re-distribute $400 million of LTL freight? Not easily.
Several inches of rain will drench the San Francisco Bay area for a couple of days. Winds could knock out power in some areas.
FreightWaves adds agricultural truckload prices and numerous warehousing and real estate data points to SONAR.
Trading of futures contracts can help market participants minimize their exposure to risk. Freight brokerage K+L Freight has launched a subsidiary, K-Ratio, to help its customers navigate the Trucking Freight Futures market when it launches on March 29.
Traffic jams are the worst. These 10 U.S. roads are the most likely to have bottlenecks that lead to traffic jams.
Deal for intermodal brokerage and logistics firm comes amid strong growth in Pacific Northwest market.
Swissport will acquire the remaining 50 percent of Heathrow Cargo Handling Ltd. (HCH) it does not currently own from Air France, its joint venture partner. Swissport announced the acquisition on February 11.
Food delivery startup Zomato is mobilising its last-mile workforce to move towards mechanical and electric bikes for delivery – a move that the company believes would drastically reduce its carbon footprint.
Maersk makes a move for Vandergrift Inc. as it steps up its efforts to become a genuine door-to-door operator.
California and the International Brotherhood of Teamsters have filed petitions with the U.S. Court of Appeals for the Ninth Circuit challenging the preemption of the state’s meal and rest break rules for interstate truck drivers.
Aurora Cannabis revenues have jumped since the legalization of recreational marijuana in Canada. The company is ramping up production to meet the needs of Canadian consumers who contend with frequent shortages.
Driver detention has plagued the trucking industry for years. Now that the electronic logging device (ELD) mandate is in effect and fleets are decked out with more technology than ever, carriers have a better view of just how much detention is costing them.
Several feet of snow coming back to the Sierras atop deep snowpack. Flooding possible in foothills.
Radiant Logistics (NYSE: RLGT) achieved record revenue of $260.9 million in the company’s fiscal second quarter (the fourth quarter of 2018).
Little Rock, Ark.-based company trying to make fuel card processing less costly for truck stop operators.
An intersection in New Jersey has been deemed the worst for truck bottlenecks, plus Nikola Motor may be adding a purely electric truck; GM and Tesla are working together, and FedEx Express signs on to a new cargo terminal.
Container shipping line Maersk will move 16 containers on river Ganges (National Waterway-1) from Varanasi to Kolkata in India on February 12, marking the entry of commercial shipping players in India’s nascent inland water transport network.
Maersk said its purchase will increase its North American customs staff from 80 to 250.
Visual positioning make make GPS old-school… Learn what UK-based Scape Technologies is doing to bring this technology to market.
Financial market executive gives a vote of confidence in the success of the trucking futures market by taking the helm
European ocean carrier needed approval from continent’s governing anti-trust body before taking offer to public shareholders.
The twin goals are to address rampant oversupply and pave the way for immediate adoption of interstate commerce once marijuana becomes legal at the federal level.
The New Jersey-based less-than-truckload carrier plans for an “orderly wind-down of its operations.”
But Hyundai Merchant Marine saw growing revenue and a smaller operating loss in the fourth quarter.
NS invokes precision scheduled railroading as its seeks to match peer performance and lower its operating ratio.
The offer is for 30 Swiss francs per share, which values the Swiss company at 1.67 billion francs.
Commenters call for China to be identified for the 15th straight year as a country of major intellectual property concerns.
The global 3PL’s current chief operating officer will succeed John Wiehoff, who will retain his role as chairman of the board.
After more than five years of negotiations, the pact includes an immediate 17.72 percent pay raise, the union says.
U.S. Customs and Border Protection will seek industry input on how to best position its operations to meet future changes to trade during March 1 meeting.
U.S. ports handled 21.8 million TEUs in December, a 6.2 percent increase year-over-year.
The container is 100 percent recyclable and is touted to need repairs less often than one with a wooden floor.
(SOURCE: WIKIMEDIA COMMONS) The Truckload Carriers Association (TCA) has partnered again this year with the Alliance for Toll Free Interstates (ATFI). ATFI is a national coalition comprised of individuals, businesses, […]
Australian Stock Exchange listed bulk rail freight operator Aurizon reported decreases in top-line revenue, earnings before interest, tax and depreciation, and a big decline in net profit after tax on February 11, 2019.
Carrier succumbs to the harsh realities of present-day trucking.
YRC unit wants to cut terminals, replace Central Freight with YRC Freight on interline pact.
Message from NATSO: Technology trends will force truck stop owners to reevaluate how they serve their customers.
Carrier succumbs to the harsh realities of present-day trucking.
Bob Biesterfeld will succeed John Wiehoff as CEO of C.H. Robinson, one of the world’s largest third-party logistics companies.
Cat Rock Capital Management, a U.S.-based investment firm, has told Just Eat plc (a U.K.-based food delivery service) to merge with another food delivery service.
TechCrunch reports that SoftBank, a Japanese multinational holding group, has led a $940 million investment in autonomous delivery startup Nuro.
The U.S. Postal Service has been turning in losses every year, and a White House task force has asked the USPS to look at franchising the mailbox to prop up the declining margins.
Goodyear Tire and Rubber (NASDAQ: GT) missed consensus revenue expectations of $4.05 billion.
Icy, snow-covered roads may slow down supply chain this week in areas that are used to it. But one city where winter weather is unusual is getting hit again.
Want an overview of what the markets are doing? We’ve got you covered with our weekly market forecast.
Trimble Inc. (NASDAQ: TRMB) reported on February 6 that fourth quarter non-GAAP revenue increased 13 percent year-over-year (Y/Y) from $701.1 million in the fourth quarter of 2017 to $792.9 million in 2018.
FleetCor Technologies (NYSE: FLT), which provides fuel cards and workforce payment products and services, beat Wall Street’s consensus estimates for its fourth quarter earnings.
Recruiting and keeping drivers remains a difficult task for carriers, but several experts said that a strong social media approach improves both tasks.
Shippabo has created its own version of a fixed-rate contract, which helps small and mid-sized shippers gain access to direct-to-carrier contracts, allowing them to cut their shipping costs and secure reliable capacity.
The two firms will create a multimodal logistics company with more than $1 billion in freight under management.
Sponsored by Redwood LogisticsRedwood Logistics announced its acquisition of Strive Logistics Monday, cementing Redwood’s place as a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
Brie Carere of FedEx.
When a company discovers a possible violation of U.S. export laws, it must carefully consider whether it’s necessary to file a voluntary self-disclosure.
The commission concluded the acquisition would not raise competition concerns.
United Nations report says trade is flowing to countries not involved in the dispute; Asia-to-Europe boxship trade is oversupplied.
The agency set forth procedures to claim exclusions granted by the Office of the U.S. Trade Representative on Section 301 duties on goods from China.
The company’s Latin American container handling grew 23 percent year-over-year.
The first-of-its-kind retrofitting will have the battery sufficiency to allow the Hagland Shipping AS vessel to sail in and out of harbor on electric power for about 30 minutes.
