News

The port admitted that volumes still do not meet expectations.

Strong volumes, continued migration away from specialized ships result in strengthening market, says Drewry.

Consultant raises concerns about falling utilization, plans for expansion.

In the latest SONAR release users get a number of frustrations fixed, including chart scrolling, chart descriptions, and enhancements to the watchlist

MITRE Corp. recommends the Defense Department establish a national supply chain intelligence center.

Fish and Wildlife Service ruling will subject the South American native bird to import and export restrictions.

The independent tanker company recorded a net loss of $12.5 million in Q2.

The German third-party logistics provider expands presence in Ireland.

RAE-I.T. Asset Management cited for improperly packaged lithium battery shipment.

An antidumping order will not be issued as a result of U.S. International Trade Commission investigation.

Both of the primary indices show spot container freight rates are up from last year.

The idea behind the new training program is to work with the drivers involved in an incident right away, wherever they are, and not eat up too much of their time.

Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market

Tesla’s auto production in Fremont and high container volumes out of Oakland are driving demand for trucks in the San Francisco market

Land O’Lakes is moving Purina Feed loads via the Uber Freight app along several lanes, including one in Texas where 100% of the loads are posted to the app.

Seven acquisitions in the past year have nearly doubled Daseke Inc.’s topline revenue; Aveda Transportation in particular is a high-performing division commanding rich per-mile rates.

Uber spins off Uber Freight as separate business unit. The Toys ‘R’ Us bankruptcy leaves retailers anxious to pick up the slack for the holiday shipping season. Maersk and IBM take their blockchain platform live as they seek additional partners. The shipbreaking industry where workers die on the shores of Bangladesh. JP and Chad discuss all this and more on this week’s episode.

Morgan Stanley’s Truckload Freight Index has decreased over the last two weeks and has now underperformed seasonality two updates in a row. This seasonal deceleration is not unusual, as July and August tend to be weaker.

Chinese oil and PNG demand is hitting the roof; EU is interested in buying U.S. PNG supply; trade tariffs on China might end up increasing cost of fish in the U.S.

Fifth largest containership company says trade anxieties could still weigh on results.

Not only are relentless spam emails from brokers or third-party logistics providers a nuisance: they’re actually illegal.

With the recent chatter of a “housing crisis,” and the market reaching a “peak cycle,” we decided to take a closer look at what is going on.

Company sees sharp increase in volumes but lower freight rates and higher fuel costs.

The Taiwanese ocean carrier expects a healthier second half of the year, driven by an improving supply-and-demand ratio.

But Global Port Tracker report forecasts a downturn in 2019 as tariffs bite.

Grants will enhance container-on-barge services in Louisiana, Virginia, New York and Connecticut.

Madrid-based company touted as leader in Spanish customs and border compliance technology.

More than 2,000 Subaru vehicles were delivered to the U.S. port on maiden voyage of “next-generation car carrier.”

As roadways get more congested, the US DOT looks to Marine Highways for relief.

Both countries released lists for planned tariffs to take effect Aug. 23, which would bring the total to $50 billion in tariffs imposed by each country.

Hosted by FreightWaves, the August 9th McLeod Capacity Creator webinar featured a discussion between Robert Brothers, Manager of Product Development for McLeod Software and Brian Kelsey, Vice President of Operations for ZMac Transportation Solutions.

There are strategic reasons for the Saudi Arabian Public Investment Fund to consider a Tesla acquisition: the Saudis have the least diversified economy of any OPEC member and are perfectly positioned to supply solar power to Europe and the Indian subcontinent.

Never the trains shall meet as CSX’s intermodal changes rile UP service.

Techpertise together with TMW Systems …Millions of IoT devices are uploading vast quantities of data to the cloud, clogging network bandwidth and creating huge data lakes that still have to be navigated. It’s time for computing power to decentralize again, and move back to onboard devices.

Data on producer prices shows that overall inflation pressure calmed at the start of the 3rd quarter.  Trucking prices continued to climb during the month however, particularly for long distance trucking where rate inflation has pushed to a new record high

FreightWaves has introduced tender volume indices, giving market participants real-time data on freight volumes by market

The Freight Movement is in partnership with Arrive Logistics …The continued speculation over global trade and tariffs has increased the uncertainty that manufacturers and the businesses that support them face, but it hasn’t dampened optimism.

In Bangladesh, the shipbreaking industry is booming business – but at the cost of the lives of workers, who work in dangerous environments with minimal safety precautions. Local NGOs are championing the workers’ cause and are hoping to enforce existing UN regulations to the maximum extent possible.

In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.

There will be a West Coast gold rush for trucking spot rates. SONAR data is suggesting that trucking spot rates will surge out of Los Angeles, reaching new highs.

Ultimately, the winner of the e-commerce battle, whether groceries or the greater retail one, will come down to which company better understands human behavior.

Workhorse Group, a technology company focused on offering sustainable mobility solutions, announced a new public offering of its common stock to raise additional funds as it works towards profitability.

World’s largest shipping company and information tech giant aim for frictionless trade with TradeLens

Fergus Caldicott, long-term DAT executive and VP of Technology has been appointed to the role of Chief Operating Officer at FreightWaves.

More than 100 ships, many at Gulf Coast ports, have been affected, and the first lawsuit has been filed.

Government Accountability Office says a study laying out a national plan still has not been completed despite a 2015 deadline.

The closing of Toys ‘R’ Us is the latest sign of e-commerce’s dominance, and the absence of specialty stores may accelerate the move to online channels

DB Schenker develops streamlined logistics and transportation system for final assembly plant

Signs show the precision scheduled railroading operating model has paid off for CSX.

TradeLens is designed to promote more efficient and secure global trade.

The global third-party logistics provider continued to benefit from a lower effective tax rate and higher air and ocean freight volumes.

The Bayport Container Terminal received three neo-Panamax ship-to-shore cranes this week.

Acquiring a 68 percent stake in Turkish railcar maker will complement European expansion.

ITC decision authorizes the continued collection of antidumping duties on imports from Taiwan and South Korea.

From service withdrawals to scrapping, the industry tries to find balance.

The class 1 railroad owned by Berkshire Hathaway had the worst OR of any of the class 1 railroads for the second quarter.

Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.

Nikola Motor Company raised over $100 million in August, and the company’s CEO Trevor Milton expects its $200 million C round to be oversubscribed. Nikola boasts a $1.1 billion pre-money valuation.

A trucker hands over documents to a US Coast Guard petty officer at the Port of Baltimore.

In partnership with Reliance Partners …Among other things, women are known to take fewer risks on the road and also drive more carefully compared to men, thereby reducing the number of accidents caused due to negligence.

The city of Cupertino is looking towards hyperloop to reduce its woes with regard to transportation. Apple Inc., the biggest presence in the city might help.

The mostly public entity ownership of HELP, which operates the PrePass weigh station bypass system, has entered into a new partnership with only vaguely publicly-disclosed goals.

Borderless Coverage allows brokers and freight forwarders to instantly secure Mexican cargo insurance for loads at about half the cost with the click of a button, removing barriers to international trade.

Beyond the Technology presented by LaunchIt Public Relations …Despite electronic logging devices’ ability to streamline operations and reduce the administrative burden associated with paper logs, the devices are not always the most helpful tools when it comes to roadside inspections.

Ford will launch a new SUV in China as part of their growth plan, while Uber Freight is spinning off as a separate business unit from Uber under the direction of Lior Ron.

McLeod Software will launch a new product that uses machine learning algorithms to process inbound carrier emails in a broker’s inbox and automatically match them up with available loads.

XPO’s Last Mile business in Canada previously had been serviced out of retail stores. Now it has its first facility.

Companies will have less paperwork and be able to work more closely after merger.

The Americans for Modern Transportation is speaking out against the American Short Line and Regional Railroad Association’s push for tax breaks.

Redwood Logistics recently announced the launch of Redwood Mexico, a new service aimed at untangling the complicated process of shipping to and from Mexico.

The asset-light transportation and logistics company increased its net loss despite revenues rising 5.2 percent to $558 million.

The moves are designed to eliminate “bureaucracy and long-standing silos.”

“Peak season is clearly upon us,” says executive director.

Global demand for air cargo grew 2.7 percent in June following increases of 4.2 percent in May and 5.2 percent in April.

The Commerce Department in a countervailing duty investigation found evidence of government subsidies used by Vietnam to support exports of laminated woven sacks.

Uber shut down its self-driving truck platform last week but promised in an exclusive interview with FreightWaves that Uber Freight was not going anywhere. Today, the company has not only confirmed that promise, but it has doubled down on the future of Uber Freight.

The company reported good growth in air freight.

Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.

USTR finalizes 25 percent tariffs on $16 billion worth of Chinese goods.

Canada, Mexico, China, and the European Union are among those who have instituted retaliatory tariffs on cranberry imports coming from the United States. FreightWaves spoke with Kellyanne Dignan, Ocean Spray’s Director of Global Corporate Affairs, who provided the company’s perspective on the issue.

World’s fifth largest ports operator steps up its logistics services with acquisition of short-sea and intermodal operator Unifeeder.

In the last few weeks, Volkswagen AG has been fined $1.2 billion by a German court over its Dieselgate scandal and is now looking at recalling 124,000 vehicles as it discovered the presence of cadmium in chargers of its electric car variants.

State-backed Asian container lines have plans to rapidly expand their capacity; meanwhile Maersk cuts its guidance for 2018 by nearly a billion dollars in EBITDA.

Cashflow Corner presented by TriumphPay …Short-term insurance plans can be a life saver during gaps in coverage, but with new rules allowing them to extend up to 3 years, it’s important to understand what they cover and what they do not.

Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.

Starting this week U.S. sanctions against Tehran on sectors like automotive and aircraft are set to return following Trump’s decision in May to pull out of the nuclear agreement with Iran.

Omnichain Solutions (Omnichain), a supply chain technology startup that leverages the power of Blockchain, announces it has joined the Blockchain in Transport Alliance (BiTA).

Becoming a smart city is not a goal but a means to an end. The point is about the people, and no one wants to be left behind when everyone is doing it.

The global port terminal operator’s $765.4 million acquisition is part of a larger industry shift toward vertical integration.

Business leaders support maritime sector call for a pragmatic deal that enables frictionless trade.

Mail carrier and third-party logistics provider’s earnings dropped 14.3 percent year-over-year in the second quarter.

In the latest SONAR release users get chart search enhancements, chart time series inputs, and a darker contrasting screen. Other updates include adding symbols to watchlist and ticker methodolgy tables.

U.S. beef and lamb shipments to other countries increased.

Proceeds will be used to fund projects such as ballast water treatment systems and scrubbers.

The container and railcar leasing company’s year-over-year net income increased more than 50 percent in Q2.

Agreement hailed as “important step in ensuring that American farmers and ranchers can continue to expand their exports.”

The global logistics provider reports strong performance in both business segments.

Sandler Travis attorney Lenny Feldman and Avalon Risk Management CEO Lisa Gelsomino will head up the Customs Operations Advisory Committee.

The Danish shipping conglomerate cited the freight rate outlook for the rest of the year and high bunker fuel prices.