News

Uneven growth trend may continue as carriers remove capacity from transpacific trade lane.

North American intermodal rates grew for the 21st consecutive month in June, according to the latest Cass Intermodal Price Index.

CEO warns port will soon reach maximum capacity.

The freight markets continue to cool, but looking at the bigger picture provides perspective on what to expect moving forward.

Associated British Ports plans a multistory facility with room for 3,000 vehicles.

American Maritime Partnership-sponsored report shows Walmart prices the same in San Juan and Jacksonville.

CSX hit records on operating ratio while improving train speed and dwell time, but says intermodal still needs a “ton” of work and pricing will reflect CSX’s “superior product.”

In spite of fuel surcharge adjustments, Marten today reported a 49.9% improvement in net income to $13.7 million, or 25 cents per diluted share, for Q2 that ended June 30, 2018, from $9.1 million, or 17 cents per diluted share, for Q2 of 2017.

Amid the Moroun’s lawsuits and the ad appealing to President Trump on “Fox and Friends,” ground is being broken in Detroit this week, and construction on the Gordie Howe International Bridge is anticipated to begin this fall.

Laboratory grown meat is coming to the market soon, and this could disrupt traditional food supply chains as the trucking industry might haul lesser livestock in the future.

The agreement will cover around 25% of the global economy, and, according to Bloomberg, by some measures the largest free trade area in the world.

The FedEx Institute of Technology is partnering with Good Shepherd Pharmacy to build a new blockchain infrastructure in Memphis to help get needed cancer medications into people’s hands.

Cashflow Corner presented by TriumphPay …When owner-operators and small fleets make the decision to expand their businesses by adding trucks and people, they often turn to the online payroll systems to pay them.

The rate of rejected loads coming out of LA inched upward, signaling that the July ‘mellowing’ period may be over. Container rates from China to North America’s West Coast stayed elevated for the second week in a row, and containership idle capacity is at 1%.

The trucking and intermodal company’s strong earnings were fueled by higher freight rates and strong demand.

The company continues to expand its footprint in the transport of perishables.

Acquisition designed to expand position in the final-mile delivery space.

Freight-matching marketplace acquired technology solutions provider.

Cargo Logic Holding buying 29 Boeing 777s, Volga-Dnepr purchasing five 747-8s.

Customs will continue to suspend liquidation for subject merchandise entered on or after Nov. 22, 2017.

Space-sharing partnership on transpacific flights creates “unrivaled air cargo network across North America and Asia.”

Columbus, Ohio-based cargo airport has completed a six-month, $423,000 renovation of its animal transport facility.

The belly cargo carrier began shipping internationally with flights between Houston and Mexico City.

Butner elected board president; Magnusson joins advisory committee; Oud named to panel; and Pulfer hired in Ohio.

The Freight NYC initiative calls for strategic investments in maritime and rail assets as well as new distribution facilities.

Education, communication and head bangers are seen as possible solutions to the problem of trucks striking low overpasses in a suburban New York county.

U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter.

Boeing 777 Freighter is one of the most sought-after cargo flights in recent history, with DHL Express and Qatar Airways finalizing orders at the Farnborough Air Show today.

APL Logistics, a provider in integrated logistics, has become the latest member of the Blockchain in Transport Alliance (BiTA).

Kuebix, a transportation management system (TMS) that delivers a wide variety of freight analytics, plans to take a look at the impact Amazon Prime Day will have on the supply chain.

A revenue increase boosted earnings for J.B. Hunt Transport Services (NASDAQ: JBHT), as the carrier reported second-quarter net earnings of $151.7 million, or $1.37 per share, versus second-quarter 2017 net earnings of $97.9 million, or 88 cents per share.

Autonomous vehicle execs want you to know self-driving cars are very, very safe; China’s economic growth slows; Elon Musk talks about Tesla’s push to 5,000 Model 3s weekly; American oil bound for China needs to find new markets; DHL orders 14 Boeing 777s.

Daimler has decided to stop production of a certain type of diesel engine till it clears issues regarding NOx emissions that slightly exceed maximum threshold values.

If a new truck driver hire doesn’t find the job similar to what the recruiter said it was going to be, that negativity will last, and will impact retention.

Carriers may trim hire fleet if profits fall, but demand could grow with more slow steaming, says Drewry.

Gemini executive says carriers know there is a problem and are trying to improve.

Safety has been touted as one of the primary factors behind the development of autonomous vehicles. So, when serious accidents do occur, people both inside and outside the industry are left with the same question: How can we make autonomous safer in the testing phase?

North Europe-North America trade service increasing to improve transit times and offer better coverage.

For customs valuation purposes, the use of the transfer pricing method to calculate transaction value faces an uncertain future in the EU, as a European Court of Justice ruling could […]

The SCFI rose just under 1 percent last week, while the WCI slipped 2 percent.

Miami-based cargo airline will transition calculation methodology to an indexed model to more accurately follow fuel markets.

Finalization of $1.7 billion order for five new Boeings made at the 2018 Farnborough International Airshow on Monday.

Cargo.one will provide a digital sales channel for air freight forwarders seeking to confirm spot market rates and bookings.

Peleton Founder and CEO Josh Switkes shifted the platooning conversation toward potential safety benefits during a presentation at the Automated Vehicle Symposium in San Francisco, California.

Holidays have a huge impact on the freight markets, with drivers going off-duty and altering their work schedules. In this chart of the week, we examined how different holidays impacted available capacity.

The answers to many of the problems surrounding the introduction of autonomous vehicles may involve keeping human drivers on the road too, according to Lyft Vice President of Autonomous Vehicle Programs Nadeem Sheikh.

The Freight division of UPS is far smaller than its package division, but it also has reached agreement on a new five-year pact.

Following the publication of a National Academy of Sciences (NAS) report last June that recommended changes to the way the Federal Motor Carrier Safety Administration (FMCSA) records and displays SMS data, the agency has decided to scrap proposed changes.

Trump’s trade war is aimed toward reshoring, but will it work? Can you solve the driver problem by making trucking cool again? A new frac sand giant is born amid an industry shift. Shell CEO suggests a swifter ban on diesel cars in the UK. Producer price data shows surging trucking, transportation rates. JP and Chad discuss all this and more on this week’s episode.

Amidst the hustle and bustle of Transparency18, FreightWaves’ John Paul Hampstead sat down with Giordano Sordoni, COO and co-founder of Thor Trucks for a fireside chat, giving Sordoni a chance to make the case that you can be successful cold-starting a new OEM.

The causes cited for trucks hitting overpasses near New York are many: GPS instructions, not enough signs, driver unfamiliarity with the limited roads.

Theresa May and Donald Trump have patched things up; US warehouse capacity tightest in decades; transpacific container rates moving up quickly; Canadian Pacific and its two unions reach a mutually beneficial deal; Lufthansa Cargo offers spot capacity on its app.

Tiger Spider, a Australian transport engineering consultancy believes blockchain and data standardization would be integral to creating an efficient and profitable freight transportation system.

While there is a lot of noise surrounding tariffs and potential trade wars, it probably isn’t enough to derail the economy and the red-hot freight environment.

Ports says volume could be a sign of strong peak season or shippers may be getting jump on tariffs.

The market outlook is improving, although earnings are not rising at the same pace as rates and demolitions are outstripping newbuilds.

Seasonal market reductions blamed for service suspension.

The freight-matching solutions provider will use the new funding to accelerate product development and implementation.

The fast-growing Turkish port operator seeks to handle multipurpose terminals in southern Italy port.

Danish company aims to better serve customers moving goods through West African ports.

Prime minister wants to “show off our prowess in business, finance, trade and commerce” and logistics.

Threatened strike averted with agreement hammered out before Aug. 1 deadline.

Jack Cooper Holdings and Logistics, a specialty transportation and logistics provider, announced its membership in the Blockchain in Transport Alliance (BiTA) today.

Italian Fiat workers are striking over football superstar Cristiano Ronaldo’s move from Real Madrid to play for the Italian club Juventus. The reason cited for the strike is that the Agnelli family that controls both Juventus and Fiat, is channeling money from the automaker to buy Ronaldo for $130 million.

The newest frac sand company, Covia Holdings, was born out of a merger last month. It’s also the largest, with a market cap exceeding $2.2B. We discuss recent shifts in frac sand supply, demand, and sourcing.

Sponsored by Reliance Partners…Other than the economy slowing and unemployment rising, is there a solution to the driver problem?

One of the largest wasted revenue opportunities for carriers in freight movement is when trailers move less than full. FR8Star has introduced a new partial load service to help change that.

Trucking passes all five of Paul Newman’s tests for a successful futures market. That’s why we’re building a financially-settled freight futures contract with Nodal Exchange and DAT.

To help alleviate the growing technician shortage, Mack Trucks and Volvo Trucks are partnering with local colleges to develop training programs.

CargoX, an independent supplier of blockchain-based solutions for logistics, has become the latest member to join the Blockchain in Transport Alliance (BiTA).

Oil prices fell by 6% yesterday after Libya’s National Oil Corporation announced the reopening of oil ports and recommencing the production of 700,000 barrels per day.

Laying out a timeline for when autonomous trucks might come online, and a look at electric last-mile vehicles that are here now.

World’s third-largest container shipping company obtained all regulatory approvals to become a 24.99 percent shareholder in the asset-light third-party logistics provider.

Briefings by Drewry and Port of Long Beach say effect this year may be mild but become a bigger issue if tariffs become more widespread.

The denial order currently prohibiting U.S. firms from exporting to the Chinese telecom giant again will be suspended once money is in escrow.

Cinven will acquire supplier of temperature containers used to move pharmaceuticals by air.

Swart tapped as president; Hunt named COO; and Tuthill hired as CCO.

Version 18.2 delivers full multimodal support, compliance enhancements for multiple countries and extended mobile capabilities.

Trump’s new tariffs are beginning to hit less like strategic targets, and more like an indiscriminate bombing campaign. For all the drama, what’s the end game?

London Heathrow airport is expanding to include a third runway, but it comes with a fair share of consequences for the community that resides around the airport and the overall economy.

The American Trucking Associations and three Northeast-based motor carriers have sued Rhode Island over the implementation of truck-only tolls, claiming they are discriminatory and violate federal commerce laws.

President Trump is pushing his trade conflict with China toward a point where neither side can back down.

On July 5, 2018, industry leaders met in London for Shell Powering Progress Together to discuss this year’s topic: The Future of Mobility: Visions of Transportation in 2040, according to Shell Global. In response to an audience member’s question, as reported by Energy Voice, Shell’s CEO Ben van Beurden expressed his support of the 2040 ban, going so far as to suggest that speeding up the ban could be even more beneficial.

Data on producer prices shows that overall inflation pressure continued to heat up in the economy, as gains in service prices helped to push up.  Trucking prices surged again in June, as part of an overall wave of rising transportation costs in the economy.

The company will look at its capital structure, may raise more funding, and has a strong forecast to 2020.

The story is clear: sales of all U.S. trucks has trended up for most of the year, new and used.

IICL claims South Carolina and Georgia port authorities’ chassis pool would reduce competition.

Food company uses ingredients from its early days to mold ROAR Logistics unit.

Quayside volumes last week totaled 66,000 TEUs and productivity was 80 percent of pre-go-live levels of its new terminal operating system.

Purchase of 100 percent of outstanding stock garners about $83 million in cash.

Dredging of the commercial channels serving Norfolk Harbor to 55 feet targeted for completion in 2024.

The German airline’s cargo operation expects delivery of the Boeing planes in February and March.

The South Korean airline has initiated thrice-weekly all-cargo flights from Incheon to India using a Boeing 777 freighter.

Industry veterans get COO, EVP roles.

ILA and employers have a tentative contract in the Port of New York and New Jersey and finalize new agreement in Halifax.

The freight markets took a slight break in the last few days, but this is nothing new and is not a sign of a turning market…yet.

Jim Rodi has joined Transflo as chief commercial officer, with a focus on leading the company’s go-to-market strategies.

The sleeper drivers at UPS, by the end of a five-year contract, would have rates that are approaching $1 per mile.