News

The Brent-WTI spread has widened considerably to $8.25, a bullish signal for demand for American oil exports and truckload miles.

CoLoadX is a shipping marketplace that helps freight forwarders and NVOCCs in finding better quotes, routing options, and in executing transactions faster.

Maersk grew its revenues by acquiring Hamburg Süd and selling off Maersk Oil, but reported negative earnings on increased fuel prices and low spot rates.

Oil prices could go over $90 a barrel by 2020 due to IMO regulations that put a cap on the sulfur emissions in the shipping industry.

Consolidated Chassis Management has joined the Blockchain in Transport Alliance (BiTA).

Sponsored by Reliance Partners…Regardless of whether the accident was the driver’s fault, documentation helps support the ease and efficiency of the process. The point is, document first, ask questions later.

Roadrunner Transportation Systems announced today that it has joined BiTA, a group dedicated to implementing standards for the digitalization of the supply chain.

As fleets adopt more advanced safety system, the issues of initial and ongoing driver training become the primary vehicle to the success of those system.

Despite a revenue boost from the Hamburg Süd purchase, “margins in the ocean segment were significantly impacted by higher unit costs,” says CEO Skou.

The hype behind applications in cargo movement might be well-founded, but blockchain’s early-stage evolution makes it impossible to predict where the technology will go from here.

Second-largest container carrier Mediterranean Shipping Co. will continue to transport “certain legally acceptable cargoes” like food during the wind-down period.

The Australia-based global logistics software provider continues its acquisition spree with the purchase of Ulukom.

Penalties hiked for outbound cargo from China booked on the shipping line’s portal.

Edward R. Hamberger, president and CEO of the Association of American Railroads for more than 20 years, will be retiring in early 2019.

Industry veterans Cannizzaro, Larrabee and Winfree are tapped to serve.

There’s nothing done at large scale today. That’s just not reality. There’s still more questions than answers. But what is being done, and how?

Output from the nation’s industrial sector climbed for the third consecutive month, as broad gains across industries helped compensate for a lull in auto production. This serves as yet another sign that freight demand will remain solid in the 2nd quarter.

FreightWaves recently covered the E. Coli outbreak and how the recall issue is causing the world to rethink “farm to table” and shedding light on the supply chain. From that outbreak alone, over 100 people fell ill due to a contamination that federal agencies couldn’t pinpoint. As traceability becomes more imperative, blockchain has emerged as a potential solution. The problem with equipping an entire industry, however, is a major stumbling block toward making the real kind of change needed.

High capacity, steady rise in oil prices, a weaker U.S. dollar and a dull spot market had sunken margins of shipping majors in Q1 2018.

Trucking interests, led by LTL carriers, have been pushing legislation that would allow 33-foot double trailers on American roadways. Opponents are ramping up efforts to stop it.

Outbound container volumes at the ports of L.A. and Long Beach reached 13 month highs, a sign that shippers want to move good before the gates close.

A usually non-controversial granting of free trade zone status is denied in the latest skirmish in the “drayage wars.”

Coming off a period of poor service, the executives discuss where their respective companies are at.

The Freight Movement is in partnership with Arrive Logistics …Moving freight to its final destination starts with the ability of a shipper or broker to find available capacity. That load tendering process is rapidly changing.

The city vows to fight the ruling that its decision was based on information “riddled with inaccuracies, major evidentiary gaps, erroneous assumptions and faulty analysis.”

The logistics technology startup snags $7 million from Wavemarker Partners to finance global expansion.

One thousand Carrier Transicold PrimeLINE units will increase the Taiwan carrier’s refrigerated cargo capacity by about 24 percent.

The Massachussets Port Authority is soliciting interest from the private sector to purchase three Neopanamax container cranes to be used at its newest Conley Terminal berth.

The container carrier developed the transport solution in collaboration with the supermarket chain Lidl.

The World Trade Organization on Tuesday said the EU and Airbus must continue taking steps to end remaining subsidies for aircraft manufacturing.

Shipa Freight, a spinoff from Agility, has created a platform that makes it easier for SMEs to book air and ocean freight online.

Tesla is facing a cash crunch, an executive exodus, and negative headlines about flammable batteries all at once.

Less than 2 inches of rain has fallen across much of West Texas since last October, compared with an average of about 10 inches over the same period last year.

Retail sales are in. One more indicator the economy is still rolling along. Trucking companies show signs of continuous improvement.

Retail activity improved again in April, helping to reinforce the idea of stronger consumer spending in the 2nd quarter. This should help sustain freight demand as retailers look for inventory replenishment and last mile residential delivery services

Cashflow Corner presented by TriumphPay …One of the most costly tasks for small companies is chasing down accounts for payment, which is why many smaller fleets and owner-operators turn to factoring companies.

Transparency18 sponsored article… IA looks to leverage data gathered from all parties involved in the journey of a shipment to help bring total visibility into the industry and untangle the mess that is transportation data.

FreightOptics, the freight auditing and optimization software with business intelligence, cost allocation capabilities, and a web-based transportation management system, announced today it has been admitted to the Blockchain in Transportation Alliance (BiTA).

The Northern California port handled 75,369 TEUs of loaded imports for the month, surpassing the previous high-water mark of 75,243 TEUs set in April 2006.

Brad Taylor, VP of data and IoT at Omnitracs, spoke to FreightWaves about the intersection of ELDs and blockchain technology before the BiTA spring symposium next week.

Commission sets roadmap for evaluation of whether “block exemption” that expires in 2020 should be extended.

The asset-light third-party logistics company benefits from volumes growth and new business wins and prepares for “new chapter” with CMA CGM.

The news comes as the port handled a record amount of tonnage for the fourth year in a row in 2017.

BNSF Logistics, Union Pacific, Vancouver Fraser Port Authority, Yang Ming and CLX announce corporate moves.

Throughput of containerized cargo at the Southern California port rose another 10.8 percent year-over-year for the month to 618,438 TEUs.

A leader in the terminal and stevedoring industry, Edward DeNike will be honored at a September dinner.

Terminal paving is just part of a $28.7 million investment that will include wharf modernization and harbor deepening.

An acquisition strategy of buying and keeping companies separate needs some fixing.

Used truck prices are up sharply; C.H. Robinson isn’t worried about tech startups; CSX cuts costs and grows bottom line by 50%; Hapag-Lloyd bullish despite losses; CA makes pot shippers report to the Feds; the American economy isn’t overheating… yet.

The project will be powered with Virgin Hyperloop One’s technology to “enable ultra-fast, on-demand deliveries of high-priority goods and can revolutionize logistics, support economic zones, and create thriving economic megaregions.”

Used truck depreciation for the year is still estimated at 2%.

Learning Machine has developed an application for issuing and verifying official records using the blockchain as a secure encrypt of trust, which could help reduce driver identity fraud and loss of freight to theft.

According to Bo Mitchell, there are more than 1,300 deaths per year as a result of “intimate partner violence” and many of them occur in a workplace environment. Two people are killed each day in America in the workplace as a result of a firearm or knife attack.

Despite promises of a $1.5 trillion spending package for aging U.S. transportation infrastructure, the Trump administration is sending signals Congress may not take up legislation until 2019 at the earliest.

The International Chamber of Shipping supports low-sulfur fuel but worries about price, availability and operational challenges.

The German carrier points to a lower net loss and increases in operating profit, revenue and cargo volume following the UASC acquisition.

The funding will be used for infrastructure improvements at three different port sectors.

The Greek containership owner and leasing company benefited from fleet utilization improvements and higher time charter rates.

Imports at ports tracked by the National Retail Federation’s Global Port Tracker slipped just 0.7 percent year-over-year to 1.54 million TEUs.

Senger-Weiss will succeed Niessner as Gebrüder Weiss CEO; Destriau has been named CFO of ZIM; and Team Worldwide makes appointments.

The deep-water port, which can handle 14,000-TEU ships, will allow cargo to avoid transshipment in Singapore and Hong Kong.

AlixPartners says overcapacity could worsen as the year progresses.

Happy Mother’s Day! Ever wonder how all those flowers get to mom? This infographic shows how Holland does its part.

The companies that are getting hit with ELD violations are decidedly smaller.

FreightWaves was the winner of Steve Case’s Rise of the Rest pitch competition that recognizes startups that are out of traditional venture cities. The company plans to use the investment to promote growth and development of the people of Chattanooga.

In addition to the persistent need for more drivers within a fragmented industry, there are additional headwinds that the trucking industry faces makes trucker recruitment difficult, particularly regarding younger drivers.

Convoy is going to start managing assets to give owner-operators access to efficient, desirable drop and hook freight. We think it’s brilliant.

It will literally take an act of Congress to right the sinking USPS ship. Even heavy attrition and solid growth in packages and shipping can’t stop the losses.

The ability to get paid quickly is one of the most vexing for truckers. The webinar will discuss how blockchain can fix that.

The company turned a first quarter 2017 loss into a profit this year.

Techpertise together with TMW Systems …Cooltrax provides Internet of Things devices to monitor temperature-controlled pallets, but also adds data analytics dashboards and insightful KPIs to bring value back to shippers’ logistics operations.

The pharmaceutical industry witnesses the DSCSA legislation which makes it mandatory for companies to provide visibility and traceability in its supply chain.

Trailers orders dipped month-over-month in April, but for the 17th consecutive month they posted year-over-year gains.

Convoy revealed Monday morning that U2’s Bono and The Edge quietly invested in the company last year.

Post the U.S. pulling out of the Iran Nuclear Deal, Iran has lashed out saying the U.S. is trying to drive up oil prices to help in strengthening the US dollar.

Get the package there and get it there on time. A simply ask, but one that has become increasingly difficult in recent years as e-commerce has exploded and retailers and e-tailers fight for those dollars.

“How can we incentivize a company that is treating its employees like crap?” councilman asks.

Nitta Kisen Kaisha admits deliberately discharging oily bilge into the waters off North Carolina last year.

The Taiwanese ocean carrier did say its year-on-year growth in revenues and volumes was better than expected.

The Port of Los Angeles handled 705,536 TEUs in April, a drop of 1.3 percent compared to last April’s record of 714,755 TEUs.

Drivers are required to reconstruct hours of service on paper if their electronic logging devices stop working.

The four-day program, announced during a Rise of the Rest seed fund stop in Chattanooga on Thursday, is free to company founders “building revolutionary businesses across the supply chain and […]

The number of cars handled during Q1 increased 20 percent, largely driven by growth at the Volvo Cars production facilities.

Suddath Global Logistics (SGL), a division of The Suddath Companies, joined the Blockchain in Transport Alliance (BiTA).

According to at least one analyst, Tesla may be putting its ambitious Semi project on hold as it tries to solve its many other issues, including Model 3 production.

Brokerage firms struggle with finding carriers for loads and real visibility in the industry is still a concern. Trucker Tools is providing a solution to this predicament through its Smart Capacity feature.

Transparency18 has an action-packed schedule full of innovative technology demonstrations, keynotes from charismatic thought leaders, and panels of the top experts in finance, technology, and transportation.

Eye on Safety sponsored by SmartDrive …Recent legislation has bipartisan backing, but can it progress in this Congress?

A truck driver probably isn’t going to choose which company to drive for based on a fuel card, but the cards are becoming a more important tool than ever before as part of the experience that more fleets are selling to attract and retain drivers.

Continuing its commitment to leveraging emerging technologies, the Florida East Coast Railway has joined the Blockchain in Transport Alliance (BiTA).

On the earnings calls, lots of talk about driver shortages but no suggestion that companies see it as hindering their growth.

Sponsored by Reliance Partners…Two very different approaches could give some breathing room to the tightening CDL driver shortage.

The New York City Economic Development Corporation has invested more than $115 million to reactivate the terminal as a shipping hub.

The U.S. Justice Department is stepping up its efforts to penalize companies that engage in bribery with foreign government officials.

The first-of-its-kind notification filed under the World Trade Organization’s Committee on Agriculture claims India “substantially underreported” its market price support.

The company continues to focus on organic growth and expanding its footprint in the refrigerated market.

The global logistics company thrived from a lower effective tax rate and higher ocean and airfreight volumes.

A contract is extended, a chairman is elected and industry leaders are promoted in Europe, Asia and the United States.

The Virginia Port Authority plans to launch the Navis N4 terminal operating system this weekend at Virginia International Gateway, which also will see new container stacks coming online this month […]

The transportation management system provider has integrated real-time messaging and notification to its TMS as a replacement for inefficient emails.