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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.
Senator Bob Corker (R-TN) spoke to FreightWaves about his efforts to rein in what he called the Trump administration’s abuse of authority in imposing tariffs on the United States’ allies and trade partners.
In partnership with Reliance Partners …If you’re obsessed with growth, you’ll love the report. If you’re obsessed with logistics and the movement of freight, you’ll love the news even more.
A big reaction to a local battle over parking, a market index looks strong, a unionization vote in the last mile.
WiseTech CEO Richard White’s consolidation moves continue with intermodal specialist Trinium.
While carriers and shippers can’t change the weather, they can learn to work with it – or at least around it. That’s where the expertise of a company like AccuWeather comes in handy.
Uber Inc. has witnessed a largely satisfactory quarter this year, with it continuing its expansion across different markets and venturing into new territories like food-delivery and scooter-sharing.
Drewry’s World Container Index stands at $1,759.86 per FEU, up 4 percent from last week and up 12.6 percent year-over-year.
Importers are still paying rates that were in place prior to enactment of tax reform legislation.
Container throughput climbed 4.6 percent in July after four consecutive monthly declines.
The Cass indexes are showing no signs of a freight slowdown, despite some concern that a peak may have been reached.
U.S. truckload rates surged 10.2 percent in July, the largest year-over-year percentage increase in more than a decade.
Crewless, electric containership will move products along Norway’s coastline.
July figure marks the largest year-over-year increase since 2011.
Treasury Department says two of the companies illicitly ship cigarettes, a trade generating more than $1 billion annually.
Trinium Technologies is a Los Angeles-based intermodal trucking software provider.
New York-based company will operate a 10-acre aggregate terminal at the Tampa Bay port.
Purchased Southern Counties Express has been serving California ports for more than 25 years.
Railway and railcar repair company announce senior management promotions; industry veteran joins board.
Company says it is seeing increased demand for transporting refrigerated cargo.
New APL service offers 11-day transit from Shanghai to California.
The German airline is expanding its coverage across Africa.
Pact bans equipment “devoid of human interaction,” lays out rules for negotiating use of semiautomated machinery.
This week’s freight market continues the same patter toward stability, but volume remains steady as we move towards a more volatile time of year.
How can something as simple as a little public shuttle, shuttling less than two miles back and forth, get complicated? When it’s an autonomous shuttle.
Cargomatic aims to connect short-haul drivers to shippers seamlessly.
A group of 90 Safeway.com drivers became the first grocery delivery drivers in the nation to ratify a union contract this week. The final vote came after almost a year of negotiations and a strike authorization vote.
A pair of releases this morning show that retail spending and manufacturing output continued to advance in July, signaling that some key components of freight demand remain on solid footing in the 3rd quarter.
Ships becoming increasingly electrified, US retail is rising, and crude oil exports to China have come to a halt.
Musk’s Twitter habit has gotten him into serious trouble—he’s either manipulating TSLA stock on false information or given up all his leverage in a Saudi buyout negotiation.
Walmart is facing a $50,000 fine for allowing trucks to park at one of its Illinois stores. The penalty came from the city of Springfield, which claims the store is not following the parking plan approved by the city when it was built.
New tracking technology and training designed to improve handling.
Report from BluJay Solutions and Adelante SCM says drones and driverless trucks will not deliver most supply chain benefits.
The ocean carrier also announces it will sell more than 2,000 reefer containers.
Freight forwarder learns the hard way not to ignore red flags.
Several sailings will be withdrawn on the Asia-Europe trade around China’s Golden Week festival in early October.
The Arizona-based freight brokerage makes fifth purchase since January 2017.
Technology will be applied to verify NAFTA and CAFTA certificates of origin.
The Canadian port handled 72.1 million metric tons of cargo during the first half of the year.
The global ship broker says figures exclude acquisition-related costs.
Automaker wants to use foreign-sourced navigation apparatus in California plants.
Fellow Taiwan carrier Wan Hai reports sharply lower profit in the second quarter.
Higher trucking and freight costs cut into second quarter results for Home Depot.
FMCSA has agreed to implement a series of actions as it works toward the possible implementation of a more data-driven to identifying at-risk carriers for intervention.
XYO Network, a company bringing realtime location data to the blockchain, has announced its membership in the Blockchain in Transport Alliance (BiTA).
Electric vehicle technology and autonomous. So much excitement; so much investment. Here are the three essential takeaways the report offers for industry stakeholders.
JP and Zach Strickland were at the McLeod CFO conference at the Westin in Nashville. We sat down with BiTA Managing Director and co-founder (and FreightWaves CEO!) Craig Fuller and McLeod’s VP of Special Projects Ken Craig, also a BiTA cofounder, to talk about the history of the Blockchain in Transport Alliance. We talk about technology alliances, intellectual property, data standards, and, of course, the promise of blockchain.
Intermodal tightness has pumped the hub of hubs, the Chicago freight market especially on lanes paralleling major railroads; meanwhile a minor heatwave in St. Louis may have been behind a massive surge in reefer turndowns.
The U.S. trucking industry is huge. To provide a clearer picture of the industry as a whole, we’ve created an infographic.
Auto cybersecurity, legislation backing, and concrete liability definitions are all critical to seeing autonomous vehicles on the roads.
Intelligent Audit’s new white paper about auditing parcel carrier invoices identifies a significant opportunity for shippers to gain freight cost visibility, reduce their spend, and get leverage for more favorable contract negotiations.
Realizing the need for its customers to have easy access to and use of electric vehicle charging infrastructure in the future, Penske Truck Leasing has joined the global Charging Interface Initiative e.V. association.
The lira is down more than 40% this year, battered by concerns about the North Atlantic Treaty Organization member’s political and economic stability and a continuing trade tensions with the U.S.
Blue Horseshoe, a global software and services firm specializing in supply chain and logistics, has joined the Blockchain in Transportation Alliance (BiTA).
Cashflow Corner presented by TriumphPay …Running under your own authority offers plenty of challenges, but some would have it no other way. One of the biggest challenges is finding freight.
Last week, analysts from Morgan Stanley—Rajeev Lalwani and Kai Pan—released a note listing the compelling reasons Berkshire Hathaway (NYSE: BRK.A) should consider buying Southwest Airlines (NYSE: LUV).
Container freight price increases on Asia-bound cargo will take effect in October.
Teamsters says tentative contract will raise pay 30 percent above current levels.
Throughput of containerized cargo at the Southern California port fell 4.4 percent after several months of growth.
A decline in both laden imports and exports was offset by surging empty container movements in June.
Leadership changes are announced, promotions are carried out and key roles are filled.
Quick Quotes generates pricing for standard and reefer containers in less than 30 seconds.
US East Coast ports such as Charleston are seeing double-digit growth.
Applicants are doing business in New Jersey, California and Florida.
Charleston Harbor deepening part of expansion work under way.
The Georgia Ports Authority increased year-over-year container and roll-on/roll-off cargo volumes.
The logistics provider and container terminal operator finalizes deal to buy Estonia-based Transiidikeskuse AS.
Hyundai Merchant Marine says it is carrying more containers, but rates were lower and fuel costs were higher.
Elon Musk said that Saudi Arabia wants to buy Tesla; The New York Times wakes up to the driver pay issue; Amazon touts its private label brands ahead of the holiday season; lidar maker Quanergy appears to be struggling; Chicago’s mysterious surge in turndowns.
Solar fields are being used by RLS Logistics to provide power for its cold-storage warehouses, but that is really only approach the company is taking to build greener and more sustainable facilities.
While pie-in-the-sky dreams of utopian smart cities fill the media waves, we wondered about what a smart city would mean for commercial transportation and the supply chain.
Sponsored by LaunchIt Public Relations…William Ellis, managing director of Phillips Connected Technologies, tells us about the future of connected trucks and trailers.
Universal is bullish on its intermodal division, and the Southern Counties acquisition will allow it to expand its footprint in that area.
‘Work hard, play hard’ with a purpose: Redwood Logistics employees competed to raise money for a charity pairing up struggling combat veterans with horses in a therapeutic wilderness setting.
Potentially toxic smoke from a smoldering warehouse fire causes officials to evacuate the area.
Commentary: Without a regulatory framework, deterioration, diversion and dysfunction will remain.
