News

The global third-party logistics provider’s net income jumped 43.3 percent year-over-year in the second quarter as revenues climbed 15.3 percent.

PEIR uses blockchain and digital image technology to allow users to prove they are not liable for container and trailer damage.

Six-month trial of Thor Trucks’ delivery vehicle will be conducted to determine its long-term suitability.

The Danish global transport and logistics provider saw year-over-year earnings growth in all three segments.

CEO Tobin Moore said the retail returns specialist will use the latest equity round to accelerate product adoption and further invest in research and development.

The Bureau of Industry and Security said the Entity List designation is for “acting contrary to the national security or foreign policy interests of the United States.”

The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman.

Berwick Offray of Pennsylvania petitioned Commerce to launch an investigation.

Cummins Inc. announced record earnings for its second quarter this morning, and that news was immediately overshadowed by an engine recall that has already impacted 230,000 vehicles and now will encompass an additional 500,000 heavy-duty truck models.

Following the announcement of the end of Uber’s self-driving truck program, Uber reached out to FreightWaves for an opportunity to discuss Uber Freight and to check the pulse on the self-driving industry.

UPS today announced a collaboration with Thor Trucks to develop and test a fully-electric class 6 delivery truck in Los Angeles.

Chaos at the New York bus terminal could be a sign of a driver squeeze at Greyhound, but likely isn’t the result of federal regulations.

As the California Air Resources Board (CARB) prepares to finalize the phase 2 greenhouse gas (GHG) standards and amendments to the tractor-trailer GHG regulation, Fresno-based carrier John R. Lawson Rock & Oil has released a statement calling the proposed regulations illegal.

Techpertise together with TMW Systems …Smart city technology, which connects people, vehicles, infrastructure, and organizations, has come to Columbus, Ohio. The city announced its Connected Vehicle Environment project which seeks to reduce congestion and accidents on the city’s busiest roadways.

Hapag-Lloyd believes that data standardization would help various stakeholders to collaborate together and improve the supply chain efficiency in the maritime industry.

The next big thing is food. Not just food, but hot food, and not just hot food but hot–delivered–food.

The former head of innovation for Bridgestone has been appointed as Managing Director of Freight.Tech, an engagement platform built for companies that want to navigate the waters of innovation and market disrpution.

Toyota Motor has been testing a Class 8 hydrogen fuel cell truck in port operations in California, but yesterday it took that program to the next level with introduction of Version 2 of the truck with more range and other features.

Cashflow Corner presented by TriumphPay …When it comes time to replace tires, whether they are on the tractor or the trailer, more fleets are turning to retreads as a cost-effective alternative to new tires.

project44’s realtime visibility solutions into LTL, truckload, and rail shipments are now being augmented by worldwide parcel visibility, the company announced this morning.

A spokesperson told American Shipper the move will not affect Uber Freight, the company’s on-demand trucking unit.

Beer manufacturers are looking at a shortage of one of their prime brewing ingredient – barley. This is due to the droughts and heatwaves sweeping northern Europe now, wilting barley crops across the continent.

All eight containers have been moved onto the pier at the Port of Virginia’s Norfolk International Terminals.

Government-owned company’s CEO says Ashcroft Terminal offers an entry point into North American market and opportunity to increase intermodal and inland container depot operations.

Keith Lovetro will be succeeded by Jennifer Polli on Wednesday.

Grants to upgrade runways, taxiways, aprons and terminals will go to 522 of the nation’s airports.

The forwarder provides logistics services to some of the biggest names in music, live entertainment and sports.

Check out the latest hires and promotions in logistics, port management, transportation technology and maritime insurance.

Despite the sequential decline, year-over-year growth in the American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index continued.

The General Services Administration, along with the White House’s Office of Management and Budget, present road map for federal government’s future use of e-commerce.

The freight transportation technology provider says customers can strengthen brand loyalty, meet on-demand expectations and lower costs while increasing productivity.

The Greek dry bulk vessel owner benefited from higher time charter rates and enlargement of its fleet.

Without self-driving trucks, what is the point of Uber Freight?

New Japanese container carrier still expects to achieve profit of $110 million in current fiscal year.

All of the metrics were strongly positive, but the CEO expressed disappointment with two of its main activities, automotive and dedicated

Sophisticated freight brokerages can widen their margins when rates soften faster than shippers realize, but now’s a risky time to quote spot loads, because historical data suggests the market is about to tighten again.

The summer slump continues; Steve Eisman explains why he’s shorting Tesla; Walmart discovers that last mile delivery is hard; once-exported U.S. cherries find domestic customers; oil trade routes are threatened by geopolitical risk.

An attorney speaks on the case of a driver fired after objecting to driving a truck he considered unsafe. His award didn’t even reach $5,000.

Sponsored by LaunchIt Public Relations…Tom McLeod, president of McLeod Software, outlines several recent developments and how they will require us to make decisions that will shape a new future.

Uber Freight is poised to rise quickly in the fragmented freight brokerage business, but there are some factors that could hinder its growth: limited market penetration of digital apps, the Uber Freight app’s weak intelligence into routes and hours of service, and incumbents’ tech investments.

Introducing the latest additions to our SONAR platform: DAT lane pricing / Lane Tender Rejection Rates

The Chinese shipping firm reports its network applications in the Americas have been fully recovered.

The 444-page document outlines how the agency intends to treat controversial alcoholic beverage procedure under modernized process.

The global third-party logistics provider said the previously announced refinancing, including the offering of the notes, is expected to close this Friday.

Gregory Zikos, CFO of the Athens-based containership lessor, attributed the decline primarily to a seasonal softening of demand.

The results were not enough to offset declines in other segments, which pushed first-half profits for parent Deutsche Bahn down 27.9 percent.

The Swiss freight forwarder says using the blockchain-backed electronic bill of lading will give it a leg up on the competition.

Tender rejections continue to fall towards the May 2nd low, indicating that capacity is loosening in the market. If it reaches the critical level of 19.12%, it could mean that the rest of the summer will be disappointing for carriers that reported a bullish summer outlook.

Ruest and Owens named CEOs; Krishnamoorthy hired as VP of engineering.

More than 800,000 container orders are initiated through the ocean shipping information portal each week.

The SCFI jumped 8.8 percent last week, but is still lagging behind the index reading from this time last year.

New research is underway regarding one of the transportation industry’s most prevalent concerns: the lack of safe and available parking.

The U.S. truckload operations of TFI are mostly at CFI and Truckload America, and both had stronger quarters.

A driver was fired after objecting to driving a truck he considered unsafe. His award didn’t even reach $5,000.

ShipChain, a South Carolina-based blockchain logistics startup, successfully resolved a dispute with the Securities Division of the South Carolina Attorney General’s office. A cease and desist order entered in May was vacated yesterday.

FreightWaves spoke to GlobalTranz Chairman and CEO Bob Farrell about what made the tech-oriented 3PL attractive to The Jordan Company, the outlook for the current M&A environment, and staying disciplined in a period of “stupid multiples.”

Ready or not, truck platooning is inching closer to reality. Our latest infographic highlights the primary benefits of platooning technology.

USA Truck had an aggressive plan to add trucks to its fleet, but delays at the OEMs are falling short of the targets.

After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have pulled back but remain in a strong growth range.

The Environmental Protection Agency reversed Former EPA Administrator Scott Pruitt’s July 6 decision to give glider kit manufacturers relief from a key limitation after fierce push back from environmentalists.

Oil production faces volatile times, as multiple OPEC countries witness geopolitical problems and unstable governments, leading to the possibility of yet another rise in fuel prices.

Growth in the US economy improved considerably in the second quarter of the year, as a rebound in consumer spending helped drive the strongest quarter of growth in nearly four years.

COSCO shipping came under a cyber attack this week, which reinforces the need for comprehensive cybersecurity regulations within the maritime industry as the future moves towards port automation and autonomous shipping.

Fuel remains among the largest costs for both carriers and shippers but based on the current practice of using a fuel surcharge to mitigate volatility in pricing, both parties remain at risk of ending up on the losing end of the deal.

The global third-party logistics provider said continued efforts to cut costs and increase productivity resulted in an 11.6 percent year-over-year increase in adjusted EBITDA.

The Chinese ocean carrier’s operations were disrupted throughout the Americas.

The rate is the fastest since the second quarter of 2014, but analysts warn trade tensions could weigh down growth in the near future.

Raising of Bayonne Bridge helped drive increase in container volumes.

The asset-light trucking company’s second-quarter net income jumped up 67 percent from last year.

Shareholders agree to COSCO acquisition of parent company.

Cargoes may be moved to Europe via the Trans-Siberian Railway.

The tank barge operator posted consolidated revenues jump of nearly 70 percent.

The German government also will promote the shift of freight traffic from road to rail.

CEO says outlook “promising, thanks to growing customer demand for rail shipments across most commodity groups, particularly in North America.”

Tennison promoted, Coleman hired and Egoscue elected.

It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.

The asset light logistics provider had financial records across the board and in a driver squeeze, added capacity.

Covenant Transportation Group (NASDAQ: CVTI) reported a total revenue jump of 19.5 percent to $196.3 million in the second quarter of 2018 during its earnings call Thursday. The company also posted a 17.2 percent increase in freight revenue to $170.6 million year-over-year.

The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.

Amazon spent $21.7 billion in shipping last year – a number which could be reduced if the company took control of its supply chain instead of partnering with 3PLs.

Used truck prices in June were changed little month-over-month, but posted a 15% increase over June 2017, according to ACT Research.

The Chinese shipping line said all of its vessels are operating as normal.

Georgia Ports Authority and South Carolina Ports Authority say their goal is to increase supply and quality of chassis.

The Miami-based supply chain solutions provider saw earnings fall 16.9 percent year-over-year to $42.3 million for the second quarter.

The South Korean ocean carrier is the latest to use NYSHEX’s platform for enforceable container freight contracts.

The less-than-truckload carrier had Q2 net income of $163.4 million on revenues of $1.03 billion.

The 3PL company saw its revenue climb in both its key units, with its services in demand in a tight market.

Agreement provides for wage increases, benefit improvements and increased job protection.

North America’s largest truckload transportation company posted a second-quarter net income of $91.6 million.

The Chicago-based third-party logistics provider reported a net income of $7.7 million in Q2 compared to a $200,000 loss in the same quarter a year ago.

The Norfolk, Va.-based Class I railway posted diluted EPS of $2.50 per share, beating consensus estimate by $0.19 per share.

Knight-Swift Transportation Holdings (NYSE: KNX) reported revenue growth and rising income across much of the company, with the notable exception of Swift’s refrigerated segment, during its second quarter 2018 earnings call.

CEO, SVP, sales director and consultants appointed.

House Transportation and Infrastructure Committee Chairman Bill Shuster seeks bipartisan legislation to keep nation’s Highway Trust Fund solvent.

Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.

UPS reported strong revenue supported by pricing and targeted growth initiatives during its second quarter earnings call Wednesday. Adjusted earnings per share climbed 23 percent to $1.94, and total revenue was up nearly 10 percent.

Growth in its dedicated and ChoiceLease programs drove a strong second quarter for Ryder System (NYSE: R), helping the leasing and rental giant surpass earnings expectations for the second straight quarter.

The truckload carrier is relatively small, but it had a tremendous second quarter.