News

Corporate and industrial borrowing in China in the third quarter of 2018 surged to the highest level since 2013, just as the US Administration gets ready to impose the largest round of trade tariffs so far, targeting $200 billion worth of goods. A progressively weakening economy likely means a return to old school stimulus in fixed asset investments. .

Maersk, CMA CGM and MSC announce fees to cover costs of meeting low-sulphur deadline.

Food distribution stands as one of the toughest jobs in a tough industry as job demands both driving skills and physical labor.

Hurricane Florence has practically shutdown any outbound trucking activity out of the North Carolina coastal market

It also marks the sixth time in eight months NA Class 8 net orders topped 40,000 units, according to ACT Research.

The 53-foot restaurant on wheels not only provides nourishment for those who may be running low on supplies, it also provides the comfort of a hot breakfast to local residents, first responders and volunteers.

There are approximately 600 rails spanning 140,000 miles in the United States. We take a look at this massive industry in our latest infographic.

In September 2017, IKEA Group was one of the first to join EV100—a global initiative created by The Climate Group—and now, a year later, IKEA Group has announced their commitment to moving toward zero emissions deliveries in 5 major cities by 2020.

We see falling demand for oil, lumber, and wheat out of Canada in the future due to a combination of market forces. Canadian Pacific Railroad appears to be especially exposed to this freight recession.

Japan’s third largest shipping company looks at all methods for compliance; MSC to add scrubbers on about one-tenth of fleet.

The smartest minds on Wall Street use charting analytics to quickly identify and then track trends in multiple data sets. Why? Because it works. And now freight professionals are learning how to do the same. 

The soft drink giant is reportedly in “serious talks” of launching beverages with Aurora Cannabis.

FreightWaves Associate Editor John Paul Hampstead spoke to Andrew Davis, VP and Equity Investment Analyst at T. Rowe Price about the deal.

A surge in hydro-power, cleaner air in the Capital and a need to further stimulate the economy will see increased demand for seaborne coal supplies to China this winter. That is good news for freight.

BiTA participated in the Singapore Week of Innovation and Technology (SWITCH) 2018.

The vessel gave asylum to 113 refugees when it was en route from Malta to Libya in June.

ZF, the German automaker has released innovative trucks that can load and unload at the warehouse and last-mile electric delivery vans with level 4 autonomy.

We spoke to T Rowe Price VP Andrew Davis about how traditional investors’ view of the digital brokerage had changed over time.

Some railroads are spending more than 20 percent of revenues on capital improvements to meet the growing demand for intermodal services.

J.D. Power is forecasting more new truck deliveries in the coming months, but demand is still expected to outpace supply into the second quarter of 2019.

Executive director says Savannah is being redefined as “the port of choice for major inland markets east of the Mississippi River.”

Innovative waterway vessel touted to deliver savings for shippers while revolutionizing freight movement.

The Port of Savannah plans to boost its container handling ability through a $2.5 billion project aimed at making the Port the main East Coast gateway to U.S. inland markets. […]

Hyundai is working on mass producing hydrogen fuel cell powered heavy-duty electric trucks, which would make an entry into the Swiss commercial market between 2019 and 2023.

Coyote’s new white paper contains a stark warning to truckers and an optimistic promise to shippers, predicting a rapid collapse of spot rates.

Britain’s largest ports operator looks to distributed ledger technology to ease cargo movements.

Shareholders in Roadrunner would have the right to buy more shares, and if they don’t, the company’s preferred shareholder would step in.

Scientists have warned such rebuilding efforts are futile as sea levels rise and storms wear away the coast line.

We conducted a survey in partnership with CarrierLists to find out information on three particular U.S. ports: Long Beach, Savannah, and Miami. This infographic highlights the data we found.

With ELDs in nearly every truck, it was only a matter of time before insurance companies started to utilize the devices. Progressive is among the first, launching a new discount program for truckers that provide Progressive access to their ELD data.

We take a look at what attendees can expect to see at MarketWaves18 in November.

The Chicago based freight forwarder and 3PL announced that it has joined BiTA.

In partnership with Reliance Partners …Many of the 1,600 violations were easily preventable, but no one had caught them prior to the surprise inspection.

Ford Trucks unveiled its new F-MAX tractor, boasting a high-performance engine with 500 PS, 2500 Nm and 400 kW of braking power. The tractor also has 6% higher fuel optimization over previous models, and delivers lower cost of ownership with 7% reduced maintenance costs.

Commissioners prefer a commercial solution rather than a rulemaking to bring clarity for how and when these fees are assessed by ocean carriers and marine terminals.

A significant increase in the use of scrubbers would have an impact on the amount of middle distillates that the shipping sector needs to consume under IMO2020 rules.

The stars are aligning for the 2018-2019 Atlantic grain season to give dry bulk shipping a much-needed boost.

Drayage provider failed to pay 1,416 employees prevailing wages for work performed at the Port of Los Angeles/Long Beach.

Speculation follows reports earlier this year that CMA CGM approached Hapag-Lloyd and is interested in further acquisitions.

Promotions come with new responsibilities and ways of doing business to best serve customers.

Reshuffle aims at capturing more of a shipper’s end-to-end business.

Public comment on proposed changes to regulations will be accepted until Oct. 10.

Financial services still the main industry testing blockchains as technology promises to ease transactions. cropping

Volvo Trucks enters the electromobility age with FE and FL Electric truck variants and Vera, a fully autonomous electric truck concept that could redefine transportation within logistics hubs.

Container shippers face surcharge one year prior to actual start of new low-sulfur emissions rules.

What are the implications for independent owner-operators and the industry that employs them as a result of this week’s ruling in New Jersey?

The full brunt of Florence has yet to be felt in the freight market, but there was plenty of regional impact as carriers and shippers scrambled over the past week to mitigate damages.

Beyond the Technology presented by LaunchIt Public Relations …From ELDs to automated yard management systems, technology has become more and more prevalent in every corner of the supply chain. While technology can make things more efficient when it works well, dysfunctional tech can lead to major headaches for everyone involved.

FreightWaves CEO Craig Fuller, Chief Economist Ibrahiim Bayaan, and Senior Meteorologist Nick Austin discussed Hurricane Florence’s impact on freight, the general macroeconomic situation, and the upcoming IMO 2020 regulations on maritime fuel.

The decision to evacuate towns and cities in southern China came as Hong Kong was left beaten by winds of up to 107 miles per hour and gusts of up to 138 mph.

The challengers have the enormous advantages of brand identity and manufacturing infrastructure. 

Freight Alley, the Mid-South region that includes Tennessee, the Carolinas, Alabama, and Georgia plays an enormous role in the national logistics network.

Companies are deploying contingency plans and building inventories to avoid the full impact of higher duties coming in January.

Artificial intelligence is a buzzword that has created a lot of hype in the transportation industry. But understanding the technology’s commercial utility is the need of the day.

Freight forwarding will remain a separate entity; MCC, Sealand and Seago Line will go to market as one brand.

The 50-year agreement calls for the United Arab Emirates-based company to invest up to $600 million.

Commercial truck operations at the North Carolina ports are expected to resume Monday.

At least 30 containerships were left waiting to berth, according to an account from The Brussels Times.

Customers in some cases can move back and forth between the rails and the roads, and how brokers deal with that was the subject of an IANA panel discussion.

Freight Alley, the Mid-South region that includes Tennessee, the Carolinas, Alabama, and Georgia plays an enormous role in the national logistics network

Ports see toppled containers and damaged warehouses, but gantry cranes still functioning.

Lower age threshold part of ongoing move to reduce emissions.

While things like bonuses and increased pay are already being employed to attract drivers, the shortage continues to worsen

FreightWaves spoke to ArcBest officers about Off Wall Street’s research report, which they said raised concerns about off-balance sheet liabilities related to pensions.

Consumers are expecting brands to reduce unnecessary waste, source products responsibly, and use environmentally friendly transportation and logistics practices. Does this added pressure and complexity impact a company’s bottom line?

Nestlé commits to pumping the brakes on deforestation caused by palm oil production, Maersk surcharges are on the horizon, and Audi announces their plan to break into the electric vehicle market.

Able Freight Services, a leading global cold chain logistics provider with 25 years in business, today announced it has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation industry.

Jim Filter of Schneider says he’s seeing benefits from CSX paring back its footprint and focusing on a smaller range of lanes.

Cashflow Corner presented by TriumphPay …Factoring can be a great way for small businesses, especially trucking companies, to manage their cash flow effectively and not devote valuable time that can be better spent hauling the next load because you are chasing down a late payer.

North Carolina, the second largest hog producing state, has concentrated its pig farms in the southern coastal region, precisely where Hurricane Florence made its most severe flooding impacts.

Speakers at IANA Expo warn next year may not be as strong.

Legislation takes aim at international traffickers of deadly opioids by systematically closing weaknesses in U.S. Postal Service system.

The agency plans to submit its recommendations at the Commercial Customs Operations Advisory Committee meeting on Oct. 3.

Duncan Hunter was ousted after he and his wife were indicted on charges of misusing campaign funds.

Strong OR performance by CSX and CN is putting pressure on railroads to match it; precision railroading may be the key.

The project, which includes 124,000 feet of new track, will double Port of Savannah’s rail capacity.

Connecticut Port Authority hires business development and special projects manager; British International Freight Association brings on an additional trainer.

Transportation services firm misses first quarter estimates as company accelerates pay raises and bonuses.

A panel of experts from all sides of the market confronts the driver squeeze, and says productivity improvements could be like adding new drivers.

We take a look at human trafficking and how U.S. truckers and Truckers Against Trafficking can help combat the issue.

Parcel giant UPS announced today that it expects to hire about 100,000 seasonal employees to support the anticipated surge in package volume that will begin in November and continue through January 2019. 

AirHelp was founded in 2013, and has helped more than seven million people worldwide to process airline compensation claims worth almost $930 million in total reimbursement.

The Georgia Ports Authority approved a measure that will double its intermodal rail capacity as the port continues to see strong growth in container volumes. The GPA approved $92 million […]

Over the years, Punjabis have consolidated their stand as one of the most dominant trucking communities in India. Migration and a different rulebook seems to have little effect in making their presence felt in the U.S.

Retention, training, and the capacity crunch are undeniably hot button issues in 2018, and, in response, SmartDrive and FreightWaves collaborated to distribute a survey to uncover trends in driver incentive programs.  

We may have seen one of the most important legal decisions in the short life of cryptocurrencies. The precedent has been set that they can be regulated as securities.

Coal into China remains the main driver for growth as other countries see a drop in import levels.

World’s largest shipping company outlines new surcharge stemming from switch to low-sulphur fuel.

The North Carolina Department of Transportation says not to travel in or to the state; Walmart grabs a 200K square foot foothold in NYC; the IMF says British economy will contract if no deal on Brexit; Freightos raises $45M; global seaborne coal trade grows 4%; Tesla’s having a hard time delivering cars.

SSA Containers president says these days container terminals are judged by how they handle trucks as well as ships.

XPO’s seasonal numbers are up 20% from last year. Those sorts of needs is why Amazon has a unique program for a unique group of people.

Environmental rules have potential to make second-hand ships into ‘stranded assets.’

The worst flooding in North Carolina could be yet to come in the wake of Florence.

Although the laws have been on the books for decades, violations — and penalties — still occur.

Average size of containerships transiting the Panama Canal is up 5.4 percent from last August.

Freightos raised an additional $44.4 million in a third round of funding, led by the Singapore Exchange, as it seeks to expand into risk management tools for container shipping.

The German-based logistics provider offers internships, apprenticeships throughout Europe and the United States.

Terminal will offer nighttime hours for cargo pickup and delivery four days a week.

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