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8VC, the venture capital fund dedicated to solving real-world problems through industry transformation, announced Alan Gershenhorn, former Executive Vice President and Chief Commercial Officer of United Parcel Service, Inc., (NYSE: UPS), has joined the firm as an advisor.
Rating agency Moody’s Investors Service said it upgraded its ratings on about $3.2 billion debt issued by XPO Logistics, Inc., (NYSE: XPO) citing a “positive operating environment” in 2019 for transport and logistics companies, as well as XPO’s strong performance.
Precision scheduled railroading principles will be implemented “where they lead to a better result for customers and shareholders.”
Delaware senator’s legislation would remove the cap on INFRA grants for multimodal freight projects.
The $45 million expenditure will “keep the positive momentum going at Conley Terminal.”
The rapid growth in investment resembles the Fintech sector from 2006-10, but TransportTech is still an understudied and less well understood field for venture investment.
Knight-Swift Transportation reported strong earnings on Wednesday, and it was immediately met with praise from Morgan Stanley analyst Ravi Shanker, who wrote in a note that the company’s stock is a “relative buy, at worst, in our view.”
Willa is no longer a hurricane, but it’s not gone. Storm will drench the South and the Northeast, snow on parts of New England.
The freight market continues to stabilize, but there should be a little fuel left in the tank for one more seasonal push before the holidays.
UPS Inc. will expand its “My Choice” customized delivery program to the business-to-business segment during the first quarter of next year.
You heard it here first. An actual real-live truckload shipment has worked across supply chain stakeholders to create an industry-first: a shipment using blockchain.
We take a look at the basic differences between headhaul, backhaul and deadhead in this infographic.
Uber Freight and FreightWaves are renting out a nightclub and providing drinks, BBQ, and a band to entertain the transportation and logistics industry at MarketWaves18.
Although a full reveal of its strategy was not part of the conference call, the discussion of the “clean sheets” program shows that Norfolk Southern has undertaken a review of its operations on its way to how much of the precision railroading model it will adopt.
CEO David Parker expects very strong demand in Q4 and Covenant to shift further to dedicated capacity in 2019 in an effort to “get deeper into the supply chain.”
For the first time ever Target will offer free, two-day shipping with no minimum purchase required this holiday season, in a bid to win shoppers over rivals like Walmart and Amazon.
People in the U.S. territory of the Mariana Islands are bracing for Super Typhoon Yutu. Destructive winds and major flooding likely to start soon.
The vegetables could be contaminated with salmonella and listeria. Stock sell-off longer than past flash crashes. GM’s driverless cars facing headwinds. Automation needs more planning.
Richard Branson, founder of the Virgin Group, as stepped down from being chairman of Virgin Hyperloop One, stating that the company needs a more “hands-on chair” to invest in its growth.
The UPS Freight 30-day period is coming to an end and rank-and-file angry with the ratification decision in the face of a “no” vote are not sitting quietly.
Even as the trucking industry struggles to identify new drivers, there is a segment of the U.S. population that is facing unemployment rates above 27% that are looking for jobs. Can felons fill the driver gap?
The Danish firm throws in the towel, claiming the Swiss company was unwilling to “engage directly.”
Crude-by-rail is big growth driver for quarter as rail remains key outlet for Canadian crude.
Infrastructure projects “will strengthen our ports, harbors and waterways and will create and sustain jobs,” says Oregon lawmaker Peter DeFazio.
While the index is still showing significant gains over last year, there clearly is a decline from recent highs.
Typhoon Yutu about to slam into the Mariana Islands. Guam might not end up a direct target, but wind and flood damage likely.
Capacity constraints, strong demand, and chaotic tariff-related traffic pushed transpacific containers rates to new heights, but the current inbound container surge, unrelated to consumer demand, will create a steeper drop off in Q1 2019.
Revenue forecasts were reached only because of a one-time tax event. But by almost any other standard, it was a strong quarter.
Sears was also a pioneer in all things omnichannel and what we now call last mile. Why did they fail to innovate this time around?
Giant mosquitoes are popping up across the Florida panhandle in aftermath of Hurricane Michael. Health officials trying to keep them under control.
So, you won the $1.6 billion lottery. All that money would require HOW many flatbed trailers to carry?
Major Hurricane Willa smashing into Mexican islands, will hit west coast of mainland later today. Dangerous storm surge, flooding, and winds.
It is a significant widening of activities at the TraPac facility.
Extra gate capacity aims to reduce turn times for drivers.
FreightWaves adds energy market related data to SONAR.
Supply chain software company E2open is in the process of acquiring the world’s largest neutral maritime network INTTRA, in its bid to expand its services to the ocean container industry.
Also in the pickup: IMO meets with 2020 on the horizon; Rhine levels are causing plants to shut down; C.R. England and its charitable cause
It may mean less now in an era of higher pay, but if total hours don’t exceed the minimum wage, it could be an issue because of this ruling.
Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.
President and CEO of Washington, D.C.-based industry voice discusses regulatory issues that are most pressing to the future of container shipping.
As much as 55 million tons of computers, TVs, air conditioners, refrigerators and more are discarded annually worldwide.
Nicole D’Agostino is tapped as a business development manager; Don Davis is hired as vice president of strategic fleet solutions.
We take a look at August’s Class 8 natural gas truck retail sale numbers.
Venture brings together two of the largest names in U.S. frac sand production to provide integrated delivery solution.
The plant at the heart of the story was acquired by XPO a few years ago. The company reportedly was stunned by the allegations in the article.
Overall truckload volumes and spot rates are soft, but a huge wave of containers hit the West Coast in September, retail demand is strong, and additions to the national fleet of drivers have been marginal.
Trucking Freight Futures are coming. Learn more at MarketWaves18 with our complementary and comprehensive Trucking Freight Futures training!
Major Hurricane Willa about to hit western Mexico. Extensive flooding and wind damage likely. Could flood parts of U.S. Gulf Coast later in the week.
The usual signs of an upturn in the trucking sector aren’t there, according to the Wall Street house, and Morgan wonders if a lot of the demand got pushed forward.
In partnership with Slync.io… Multi-partner views of realtime supply chain data are necessary to eliminate manual communications processes like email, which will remove friction and add value to collaborative relationships.
West Coast ports post strongest volumes ever; Norfolk Southern is moving to Atlanta; flatbed tender rejections stay down; expect electric trucks in 2020; pregnant XPO Logistics warehouse workers suffer miscarriages; E2open buys Inttra; Iraq produces more oil but can’t rebuild.
Parts of the Gulf Coast states could flood this week as steady rain develops. Heavy snow could fall in portions of interior New England.
SONAR’s Headhaul Index map and the HAUL.JOT Index are both showing that the return to growth in inbound loaded container flow first seen in the Long Beach/LA port is continuing and gathering momentum.
Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.
The Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace, is pleased to announce that GTG Technology Group has joined the Alliance.
Incongruent payment cycles make it hard for low-credit businesses to fund their operations. BAM is a Fintech solution for the world’s oldest method of raising capital, factoring.
The industry clearly is moving in the direction of precision railroading being the “way to go.” Now it’s time to figure out the possibilities and the hurdles.
The International Maritime Organization has released online programs that it says will help develop national strategies.
The freight brokerage company, which just completed the acquisition of AFN, is looking at four more opportunities.
David Parrott is promoted to vice president, and Holly Cuccolo is hired to lead solutions design.
Comments by the railroad previously were somewhat vague. But the CEO wasn’t vague in a video to employees.
Will the combination of oil prices, refinery cracks and scrubber economics result in easing of fears of tight supplies? Two reports chime in.
Demand for flatbeds always drop off this time of year, but is this a sign of a broader industrial slowdown?
Spireon hosted a webinar in collaboration with FreightWaves earlier this week to explore how the DRIVE-Safe Act could affect the driver shortage if it becomes law.
Europe’s largest port becomes the third in the region to start testing distributed ledger technology.
A new topical storm named Vicente is spinning over the eastern Pacific. Potential for crop damage, life-threatening flash flooding and mudslides.
Railroad sees more appliance and brown paper freight moving off road transportation to rail.
XPO Logistics was named to the Fortune Future 50 list of U.S. public companies while KeepTruckin and Transfix were both honored by Forbes as two companies likely to achieve unicorn status.
We look at capacity and congestion statistics from the ASCE’s Infrastructure Report Card.
In an effort to give our subscriber base input on a hot topic – HOS changes – we decided to conduct a survey during the FMCSA open comment period. Check out what we found!
Trump government looks to phase out IMO2020 sulfur cap regulations; Shanghai Composite Index crashes by 3%; Amazon revisting cities for finalizing HQ2.
Uber Inc. has introduced Powerloop, an affiliate company to Uber Freight, which would rent out power-only trailers to carriers looking to grow their business and thereby ease the industry’s capacity crunch.
One quarter ago, their earnings were feared to have marked a peak. But there’s no signs of that reading the third quarter numbers.
The Trump administration suggested delaying the Jan. 1, 2020, implementation of a global regulation to lower the sulfur content in ship fuel, according to The Wall Street Journal.
Railroad sees better volumes in energy and other bulk freight, with road-to-rail opportunities coming next year.
The American Association of Port Authorities inducts officers; California businessman is sworn in; and longtime employee is promoted.
User trials are under way as the Chinese retailer opens its logistics network to consumers.
45 companies applied for a spot in the annual Innovators Pavilion at the FIA Futures & Options Expo, 15 finalists were chosen, 5 were selected by a panel of judges to present at the at FIA Innovator of the Year pitch competition, but only 1 came out on top.
Excess rain, record snowfall made North Dakota fields muddy last week. Crop damage not likely, but harvests will be delayed.
We pull public safety statistics from the ASCE’s 2017 Infrastructure Report Card in our latest Infographic.
The CEO of Heartland defends the company’s strategy that saw a lot less revenue but a lot more in profits.
Flooding in central Texas has killed several people, washed away roads and homes. More rain will fall at times rest of the week.
FreightWaves is excited to announce that Mark Solomon, formerly the executive editor at DC Velocity, has joined our editorial team as Managing Editor of freight markets.
Continuing efforts to fight what he says are unfair trade practices, the administration of President Donald Trump announced the U.S. will pull out of the Universal Postal Union (UPU) treaty, which sets how much can be charged for international shipping.
Deal for Australian freight forwarder and customs broker to increase exposure to growing regional economy.
The FreightWaves Research Institute has announced the list of 55 voters who will be choosing the inaugural winners of the Freight.Tech 25 awards, and it’s who’s who of freight leaders.
The credit rating agency says that well-capitalized, risk-sharing joint ventures between incumbent automakers have the best chance of successfully bringing AV products to market safely and at scale.
Though blockchain is a technology with immense potential, there needs to be some commercial incentive for food supply chains to adopt it in its mainstream processes – the absence of which might let the technology remain constrained to pilot programs.
In partnership with Reliance Partners …A Canadian research team is trying to better understand factors that impact driver’s health, safety, and wellness.
Also in today’s issue: a beating shows the dangers to truckers, even off the road; an Indian company looks to disrupt that company’s trucking sector.
American Chemistry Council says retaliatory duties have erected a huge barrier to China’s growing markets.
A significant falloff in revenue went along with the rise in profitability as the operating ratio took a big leap forward.
Lithium is going to be in there, the industry wants cobalt out or lowered, and a few other metals are lining up to take its place in the next generation of batteries.
Load consolidation expertise, U.S. offshore markets coverage and Asia Pacific import business will “markedly enhance” networks.
Agency has 45 days to study changes planned by Los Angeles and Long Beach terminals.
Supply chain stakeholders use volume pricing rates when they need a spot quote for shipments that don’t fit within traditional LTL or truckload parameters.
A significant falloff in revenue went along with the rise in profitability as the operating ratio took a big leap forward.
Non-stop rain has flooded central parts of the Lone Star State, possibly responsible for four deaths. Bridges washed out, homes damaged, potential crop losses.
The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.
