News

Box volumes grew 2.1 percent year-over-year in July after a revised 3.3 percent increase the previous month.

Port has a new chairman of the board; logistics companies in the United States and Europe fill roles.

Dubai-controlled firm wins another round in ongoing fight with Djibouti over control of a container terminal.

A joint venture between three longtime project and heavy-lift cargo vessel operators has received the governmental approvals to get under way.

Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.

MoLo Solutions did $20M in revenue in its first twelve months of operations and is on a $70M run rate for its second year. FreightWaves interviewed CEO Andrew Silver and President Matthew Vogrich.

Survey data from the manufacturing sector improved significantly in August, in a sign that activity continues at a strong pace after robust growth in the 2nd quarter.

One year later the memories of Harvey are still fresh. With the peak of the Atlantic hurricane season approaching the first real tropical threat to the U.S. mainland is targeting the central Gulf Coast with flooding rain and storm surge potential.

Cashflow Corner presented by TriumphPay …It doesn’t matter if you believe the driver shortage is real or not, if you need a driver, you need a driver. So how do you get one?

Across the region, governments are making preparations. Louisiana Gov. John Bel Edwards declared a state of emergency, activating members of the National Guard.

Wipro Limited, a leading global information technology, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA).

The Blockchain Research Institute (BRI) and Blockchain in Transport Alliance (BiTA) today announced a new partnership to improve coordination, cooperation and governance within their respective memberships.

Offshore oil drilling across the East coast could end up destabilizing the fishing industry which brought in more than $500 million last year. Building offshore wind power farms could be a better alternative as it would keep the oceans clean while producing energy.

The economic roundup is a monthly summary of the various factors that affect freight demand and supply in the economy. Data releases in August showed an economic that was performing generally well, but softness in housing and trade are likely to impact freight demand.

Drones may someday soon become a primary delivery method of last-mile, but they likely won’t be the only solution, as flexibility in methods will be key to successful delivery.

Storm is expected to be a hurricane when it makes landfall along the north-central Gulf Coast.

Union president calls for ratification of the six-year agreement, lauded as its best ever.

BIMCO and Kuehne + Nagel say tariff disputes are starting to take a toll on container shipping.

Grafton & Upton Railroad unloads wood pellets at its Massachusetts facility and represses broken pellets into whole ones before transferring them to trucks.

The European Commission is committed to review its quota system to import hormone-free beef into the trade bloc.

Proceeds will be used for “acquiring high-quality businesses.”

Netherlands-based acquisition called a “champion” of product fulfillment.

Peter Stefanovich of Left Lane Associates, an M&A advisory firm for the transportation industry, talked to us about the current outlook for M&A and why now is the perfect time to sell.

Two shipments of pineapples also contained nearly 200 pounds of cocaine.

For the trucking market, the third quarter has been stronger than the second, but no one would know it

A Florida trucking company is responsible for the equipment of three colleges getting to away games. It wants to boost that number to 10.

Hub Group was looking at alternatives for Mode Transportation

Intelligent Audit can help you leverage the power of your carrier contracts and perform predictive analytics to determine how your future spend will unfold

Marketing executive says reforms to trade deal take uncertainty from local customers.

It appears we’ve upset the Journal of Commerce. Electric bike-sharing companies need to look at the Chinese bike debacle before aggressive expansion. Five years in, China’s Belt and Road looks like a giant debt trap. ATRI makes the case for more HOS flexibility. JP and Chad discuss all this and more on this week’s episode.

Private equity group Summit Partners has acquired cloud-based TMS provider MercuryGate, and wants to bring the platform to Europe after fixing implementation issues.

Consumer expectations with regard to last-mile delivery have been evolving rapidly, and businesses need to look towards technology to address those needs.

Maersk is taking notice of the coming regulation that will impact the quality of the fuel burned on ships, and has the potential to kick back into the diesel fuel market. Also: an underride decision, a revealing quote out of China.

Presented by Trucker Tools

Just how a Deerfield, IL, company became so important to the industry is a long story that starts with the teletypewriter, a macaroni-twisting machine and its namesake and founder, Edward Kleinschmidt.

It looks like the freight market is waking up from the long running summer doldrums, or is it just a byproduct of the pre-holiday shipper procrastination.

Spot markets register tightness in vessel capacity as peak shipping season is only just starting.

ELDs are one part of the overall telematics picture that fleets can utilize to greater efficiency, according to a new survey of fleets.

“Visibility of terminal operations has improved considerably.”

Despite an increase in cargo volumes, diesel particulate emissions are down 81 percent since 2005.

Containership charterer says tariffs are a risk, but “forecasts suggest world trade will grow by 4.8 percent in 2018.”

The Icelandic shipping company benefited from higher volumes but encountered headwinds from changes in currency exchange rates.

Powell returns as chief technology officer; Gingsjo promoted to head project management services.

Ecommerce in Indonesia supports 4 million jobs today, with McKinsey expecting the number to reach 26 million in the next five years. All that the country needs right now is a strong logistics network and surplus skilled labor.

This informative infographic highlights the value and benefits of intermodal.

Intermodal EXPO will take place September 16–18, 2018 in Long Beach, Calif., and is the largest gathering of the intermodal supply chain.

According to a survey by PwC, 84% of respondents are actively involved in blockchain. The Blockchain in Transport Alliance (BiTA) could be the industry’s answer to the ever-pressing question of standardization—after all, 45% of the survey’s respondents believe that the issue of trust could delay blockchain.

In partnership with Reliance Partners …The idea that technology will save lives is exciting on the one hand. On the other, just how seamless will the technology be? Will it be optional or mandatory?

With a vision of bringing “trucks, trailers and goods online,” KeepTruckin continues to innovate and invest in technologies that improve the lives of drivers.

Maersk foresees a $2 billion increase in fuel costs due to sulfur-emissions cap; U.S. consumers might witness increase in car prices after U.S.-Mexico deal; Indonesia is seeing a tremendous growth in ecommerce; German car manufacturers are facing a battery production crisis.

Logistyx Technologies (www.logistyx.com), a leading developer of Transportation Management Execution™ shipping software, today announced it has joined the Blockchain in Transportation Alliance (BiTA).

Regional surveys from Federal Reserve districts were mixed during the month, as softening conditions from the Philadelphia and Kansas City districts were offset by improvements in the Richmond and New York regions. Commentary from the regional surveys suggests tariffs, labor shortages, and the inability to find trucking capacity are curbing economic activity across the board, though growth remains generally positive.

Chinese carrier says result was hard won and partly attributable to its terminal business.

Technology firms aim to ease process of managing multiple carriers in regional markets.

Global demand for air cargo grew at its slowest pace in more than two years.

The International Trade Commission rules imports do not harm the U.S. manufacturing industry.

The 3PL’s strong financial results were fueled by strong Asia trade and increasing volume in the region.

Load-matching start-up CargoX recently closed a $60 million funding round.

FreightWaves introduces new mapping features that make it easier to visualize data and heat maps across the freight market.

More than 2,000 scrubbers are expected to be in use by 2020 and LNG is gaining ground as a fuel in deep sea shipping.

North American trading bloc seeks rewrite with auto industry facing brunt of changes.

The Journal of Commerce wants to prohibit us from ever quoting or linking to their content again. We just want information to be free.

In their fifth round of funding, Brazil-based freight broker CargoX has raised an additional $60 million.

LaneAxis is looking to drive efficiency in the trucking network by using blockchain to help shippers connect directly with carriers without brokers or 3PLs.

We visualized the performance metrics of the publicly-traded truckload carriers over the past six quarters, using TCA InGauge’s data.

Exactly three months after truck drivers in Brazil shut down highways for across the country in protest, its impact continues to be felt.

The early summer truck strike continues to impact Brazil, Narvar raises $30 million in funding, GreyOrange picks Atlanta for its US headquarters, and more in today’s pickup…

For many truckers, their vehicles are their pride and joy. Each year at the Great American Trucking Show, they get a chance to show off their creations during the Pride & Polish competition.

CVTA member schools could train more students, but lack of finances both for tuition assistance and for states to employ testers is causing students to bypass truck driving as a career choice

After remaining flat in 2015-16, the average fleet fuel economy for the nation’s top fleets improved in 2017, according to research conducted by the North American Council for Freight Efficiency (NACFE).

Ware2Go also provides inventory visibility and tracks orders.

ELD compliance has had ‘significant impact’ on trucking industry

Economy on pace to reach Trump administration goal of 3 percent annual growth.

Leading SaaS-based TMS provider poised for accelerated growth.

Focused on intermodal haulage, the company aims to open the market to more small truckers.

Applications come from throughout the United States, Hong Kong and Guam.

The Class I railway says it will meet deadlines for installation of wireless communication system.

The aircraft manufacturer forecast that the region will require 240,000 pilots over the next 20 years.

Appointments take place from California to the Midwest to Florida.

It’s no surprise that truck drivers who travel during peak times face slower average speeds and that more flexible HOS regulations could not only speed those travel times, but also would not impact the miles drivers cover in a day, according to ATRI.

The digital platform is designed to match warehouse space and fulfillment services with small and medium-sized companies working to get online orders out fast.

China has toyed with the concept of bike-sharing but met with disastrous results due to an unsustainable business model and excessive dumping of bikes on the streets. The U.S. bike-sharing startups could take a leaf out of their book and improvise accordingly.

There’s mounting pushback among developing nations that China’s ambitious infrastructure project, the Belt and Road Initiative, is a debt trap. Countries using Chinese financing have seen public debt soar to unsustainable levels, and they’re increasingly worried about asset seizures.

John Henry, director of sales for ZED Connect, explained to FreightWaves how the evolution of the company is developing to deliver vehicle data solutions centered around what its parent company Cummins knows best – engines.

The core of the trade pact, which allows American companies to operate in Mexico and Canada without tariffs, remains the same.

Mexico will enact a law regulating truck drivers’ hours of service this week. It is the first law of its kind in Mexico, as driving time has never been managed on the federal level before.

Cashflow Corner presented by TriumphPay …Regular budget forecasting can help businesses better manage their cash flow and help identify potential revenue problems.

This campaign seeks to increase transparency in programmatic ad buying and support the ways the company’s brands earn consumer attention.

U.S. Xpress placed an automated robocall to a driver, seeking to recruit him to join their company. The result? A lawsuit in federal court.

Most barges in the early days began their use as sailing ships.

Drewry’s Philippe Salles says the role of supply chain finance platforms will be instrumental in the digital transformation of shipping.

The voyage is being withdrawn due to China’s National Day holiday.

CBP collected feedback on its joint Air Cargo Advance Screening program with the TSA.

Investment will be used for research and development, product innovation and hiring.

Cameron and Hacegaba named co-leaders; Born’s contract extended; and Doorley promoted.

The Florida port set a record for July as it moves forward with channel dredging project.

California Democrat fervently believes an efficient transportation infrastructure improves the economy and environment.

Index moves higher from June to July, but market is becoming better balanced.

US East Coast ports show ongoing growth due to shift to larger ships using the wider Panama Canal.