News

Uber Freight continues to gain scale as the company doubles-down on the business

Cisco, the world’s leading provider of the networking hardware that powers the internet, has joined the Blockchain in Transport Alliance.

Volume falls this week in the freight markets but rejections are flattening indicating there are still some spots where capacity is an issue.

The FreightWaves Research Institute announces the inaugural TECH100 and TECH25 awards. These annual awards are intended to recognize the most innovative and disruptive companies in freight, and nominations are now open.

Tender rejection rates for reefer trucks outbound from Houston have oscillated wildly all year. Even compared to other regional markets, shippers and carriers are having a difficult time matching capacity to volume.

We look at the responses from 313 logistics professionals to see which tech is having the biggest impact on their industry.

By offering truck drivers and dock workers micropayments to upload data to the blockchain, Fr8 Network is changing the calculus of technology adoption and pushing the transportation industry forward.

As real estate prices are over the roof, the number of people willing to enter the housing market is at a record high. The mismatch needs to be addressed – possibly by better zonal regulations and technology injection in construction methods.

Spireon’s IntelliScan, using laser and optical imaging tools, helps bring the trailer more into the world of smart technology.

J.B. Hunt announced the release of their large-scale rewards program for drivers, 360 Perks.

A mileage-based user fee pilot program using Azuga technology is helping to prove the viability of mileage-based vehicle taxes.

Once blockchain technology reaches a tipping point—with or without tokens—there should be another infusion of funding in the digital ad startup space and, as a result, innovation.

The impact of Nordstrom’s anniversary sale on logistics costs, college football and freight, drone deliveries in Canada, and much more in Today’s Pickup.

Maersk plans to make extra capacity available to shippers on NYSHEX

College football starts this weekend. Can freight market data be used to predict game scores?

Commentary from NCBFAA’s Megan Montgomery: Landmark move cumulation of 30 years of trade modernization support from FMC.

Company carried 17 percent more containers, but freight rates were lower and the cost of fuel and charters was higher.

The logistics software solutions provider adds 22 companies and grows profits by more than $8.5 million.

OFAC says two ship-to-ship transfers of oil were made to North Korean-flagged vessels.

Commerce determines imports from Canada, China, Greece, India, South Korea and Turkey have hurt U.S. producers.

The revamped Customs-Trade Partnership Against Terrorism will adopt several changes as its rollout ramps up in FY 2019.

Cannata, Schiller and Tierney join leadership team; Vekshin tapped to lead charter cargo operations.

Last year’s survey by ATRI had driver shortages as the biggest issue facing the industry, with ELDs second.

Amazon has promised to name a location this year for the so-called HQ2 project, which it claims will ultimately employ 50,000 people. Using SONAR, from a freight perspective, we’re here to help.

Trident Transport has doubled its revenue every year since it began operations in 2014, and was just named the fastest growing company in Chattanooga, a hothouse for brokerages and freight startups.

US-China trade talks have stalled as trucking parts and equipment listed in next round of tariffs

The Federal Motor Carrier Safety Administration is moving forward with plans to solicit public comment on current hours-of-service (HOS) regulations.

For those in the trucking industry, Mack Trucks – with its 111-year heritage – is certainly an iconic brand. For new Mack Trucks President Martin Weissburg, that was reinforced over the past four years as he led Volvo Construction Equipment in Europe.

Slync, an intelligent platform redefining multi-party interaction, automation, and collaboration throughout the supply chain , has agreed to a multi-year partnership with FreightWaves, the leading data and content source for the freight market.

Serve.io has developed technology protocols using blockchain, which it believes can inject transparency in supply chains and cut out middle-men and exorbitant platform fees within the system.

Africa’s beer consumption is far below that of Western markets and growing fast, with one forecast suggesting it could account for 40% of global volume in the next decade.

More than a year after it built a large following through its app for drivers, Uber Freight is now turning the spotlight on shippers. The company today announced the launch of Uber Freight for Shippers, a desktop-based app platform that provides direct access to carriers and more transparency into shipments.

Cashflow Corner presented by TriumphPay …If you are a smaller company – be it a carrier, owner-operator, broker or shipper – are you really safe from a cyberattack? Here’s what you can do to protect yourself.

Ship will make a trial voyage along the north coast of Russia.

The starting left tackle for the Jets has invested in FreightWaves, part of a large technology-oriented portfolio.

American Association of Port Authorities will testify additional duties would reduce competitiveness.

Public input welcomed as proposed changes to hours-of-service rules are under review.

“Yuanben blockchain technology will protect the global freight of the Silk Road,” says platform head.

GBW Railcar Services has been dissolved due to insufficient demand for retrofitting tank cars.

The airline’s parent, NYK Group, has outlined a plan to get its grounded freighters back to the skies.

FMC says amendments to regulations governing NRAs and NSAs aim to make them more attractive to shippers and carriers.

Imports subject to both a safeguard tariff and an antidumping or countervailing duty order will be a focus for regulatory auditors.

The Army Corps of Engineers signs off on channel dredging expected to cost more than $157 million.

Fuel-cell power plant and hydrogen fueling station are part of plan.

Revenues for domestic operators exceeded $700 billion in 2017, a 3.4 percent increase from the year before.

Kramer appointed as president; Hughes named director of sales; and Atkinson tapped as senior director of supply chain.

Consulting firm will be brought under the TMS provider’s umbrella but continue to operate independently.

Maersk Line chief executive Soren Skou says ocean carriers need to make the customer experience easier.

Unilever, the massive Rotterdam-headquartered company that brings beauty, personal care, and food products to over 2.5 billion people daily, has partnered with JD.com, an e-commerce giant based in Beijing, to expand its reach in China.

The trade tariffs spat between the U.S. and the rest of the world is having consequences at home, as importers and consumers have to contend with the rise in product prices in the country.

Freight.Tech Waves InnovationLab is tailor made to provide early-stage startups a high impact and concentrated exposure about the knowledge, network, and funding source.

Transpacific container rates continue to gain momentum; UPS files blockchain patent applications; Uber is uncertain about self-driving cars; Elon Musk doubles-down on ‘no sleep’; cautious optimism for US-China trade talks lifts equities markets; container lines expect profits in the back half of 2018.

PepsiCo announced today that it will take over Israel-based SodaStream known for its DIY seltzer makers, in a deal worth $3.2 billion.

Sponsored by LaunchIt Public Relations…Benjamin Gordon, CEO of Cambridge Capitol, talks to us about technology disruption in the logistics industry.

Low-speed vehicles are not often considered when companies are looking for commercial vehicles, but upgrades to a line of electric compact utility vehicles could change that.

Deputy USTR Jeffrey Gerrish says, “We have called on Mexico and Canada to increase transparency, simplify processes.”

Microsoft and IBM’s enterprise blockchain projects consume a lot of media bandwidth, but there is more exciting and ambitious work being done in transport and logistics by a thriving community of startups.

Rotterdam facility will supply about one-fifth of shipping line’s low-sulfur fuel.

Entry type 86 will be integrated into the Automated Broker Interface early next year.

BNSF Railway, Alliance Shippers and FreightWaves will provide insights during American Shipper program.

Ocean Network Express says lease will boost its fleet to 130,000 refrigerated containers.

Throughput at terminals operated by the Northwest Seaport Alliance grew 10.6 percent in July.

The association’s letter to lawmakers pushes for resources for three federal programs.

The world’s largest container shipping company is now digitally distributing its contract rates and amendments.

The less-than-truckload tech provider will launch a rating solution that will provide a base rate for intra-Canada shipments.

Capacity crunch could curtail growth.

Mack Trucks’ new endeavor into the world of content marketing has led to an 8-episode docuseries called RoadLife. The series, which runs from June through October 2018, highlights these “modern icons of tough,” most recently shining the spotlight on two women working to change the face of the industry in an episode appropriately titled “Breaking the Mold.”

The top five trucking origin points represent 18% of the volume in the freight market, according to a new index added to SONAR this past week

All three modes of truckload freight are reflecting an environment in which demand exceeds capacity by a wide margin, which sets up for continued strong contract pricing.

US Southeast ports to be served by bigger, more modern chassis pool.

A House bill on the issue of drivers under 21—that hasn’t progressed—now has a companion piece of legislation in the Senate.

Using Driver iQ’s Q218 survey on driver recruitment and retention as a point of reference, Stifel Capital Markets hosted Lana Batts, Co-President of Driver iQ and Eric Fuller, President and CEO of U.S. Xpress, inc. to discuss driver recruitment and retention trends in 2018 and beyond.

Springfield, Illinois hits Walmart with a $50k fine for allowing truck parking. Safeway delivery drivers make history with a newly ratified union contract. We interview Senator Bob Corker about Trump’s tariffs. 162 transportation and logistics companies make the 2018 Inc. 5000 list. JP and Chad discuss all this and more on this week’s episode.

The recent slide in spot rates is typical for this time of year, according to FreightWaves’ CEO, and data indicates another peak before Thanksgiving is possible.

RTW Air Services SA, a Swiss General Sales & Service Agent (GSSA) for a substantial number of international air carriers, is the latest member of the Blockchain in Transport Alliance (BiTA).

Shippers feel like they’re in uncharted territory even a year into an extremely strong trucking cycle, and they’re adapting in a number of ways, including building depth into routing guides, accepting lower service levels, and extending tender lead times.

SwanLeap has shown an unprecedented 75,660.8% revenue growth over the past three years catapulting the software company to the number one spot.

ACT Research’s preliminary estimate for July net trailer orders came in at 29,300 units, making last month the strongest July in industry history.

The swiftness of last-mile delivery is what separates e-commerce brands from each other, and technology adoption would go a long way in optimizing their supply chains.

Following an incredibly successful Transparency18, MarketWaves18 will focus on the freight market and economic outlooks going into 2019 and beyond. From November 12-13, 2018, FreightWaves will present MarketWaves18 in Grapevine, Texas. MarketWaves18 is designed to uncover the biggest—and not yet discovered—market disruptions impacting the freight markets today, and tomorrow.

FreightWaves SONAR introduces market share indices to track relative volumes among US freight markets on a daily basis.

53% of the survey respondents had never heard of blockchain before, with only 18% able to correctly identify what the technology actually is.

Toyota has unveiled its second-generation hydrogen-electric truck, which builds upon the success of the first model that has been hauling live loads in the Ports of Los Angeles and Long Beach.

The growth for Walmart was strong across the board, but ecommerce and groceries were key contributors.

Global sugar prices fall over record production and decreasing demand; oil squeeze looks to be inevitable; Walmart’s size might not help much if prices keep increasing and trucking market remains tight.

World’s largest shipping company says over-capacity and fuel costs, not trade war, are the main issues.

DRIVE-Safe Act would pave the way for truck drivers younger than 21 to legally cross state lines.

Good news for coastal residents, but bad news for carriers that made a lot of money on hurricanes last year: not much happening this year. Pretty much all key predictive variables, from sea surface temperatures to wind shear, suggest the current hurricane season will not hold a candle to last year’s hyperactive season in the Atlantic Basin, according to Riskpulse’s hurricane season mid-August update.

A New Hampshire company alleges Growers Express and C.H. Robinson violated intellectual property rights law.

CenterPoint is expected to begin site preparation for a logistics complex in October and open building in 2020.

Authorizations for data access and sharing, new processes and resource optimization sought.

Law enforcement stopped 23 containers filled with knockoff handbags, wallets and belts valued at more than $450 million.

The freight-matching tech firm plans to use funding to expand geographically and hire more employees.

The Dubai-based container terminal operator saw earnings fall despite rising revenues and throughput.

Port authority installs new board members and reports tonnage increases.

Airline names managing director of cargo operations; supply chain integration platform hires two vice presidents.

Conglomerate reports an $85 million loss from continuing operations, plans to spin off drilling company.

Drayage drivers will have more recourse when unable to collect wages.

Ocean carrier sees opportunity as produce and other perishable goods move over water.