News

Realizing the power of blockchain technology, dexFreight has joined BITA.

Manufacturing growth is likely to remain solid in the 2nd quarter, as orders for new production remained healthy through March. This should help keep freight demand strong, even if things have moderated from the torrid pace seen in previous months.

Anheuser-Busch will purchase up to 800 Nikola Motor Company hydrogen-electric trucks as part of a plan to convert its dedicated fleet to alternative fuel by 2025.

April’s orders (60k) were bigger than any month in 2017 as activity in both the medium and heavy-duty vehicle markets remained strong.

The spring season has yet to see an event big enough to move carriers from their newly executed contracts.

Dicom Transportation Group has joined the Blockchain in Transport Alliance (BiTA) in an effort to help shape blockchain standards across the transportation industry.

Brought to you by Reliance Partners…Begin the process by providing clarity and expectations first on the basics, such as driving, detention, and layover, the nuts-and-bolts of the driving job.

Shell and Airflow are preparing to launch their futuristic, carbon fiber Starship truck on a cross-country voyage to prove just how efficient diesel can be. We just don’t know if this concept is scaleable.

Tesla was a conspicuous absence at a massive exhibition showing off electric cars, trucks, commercial vehicles, and energy technology, but the industry is moving forward with or without Elon Musk.

Commissioner asks for documentation as the FMC considers restricting ocean carriers’ ability to assess detention, demurrage and per diem fees.

CEO Bradley Jacobs reports “healthy” diversification of customer verticals and service lines, continued growth in e-commerce demand and a record $972 million in new business secured in the first quarter.

Conclusion of pilot Customs program has been pushed back from July to December.

The multimodal transportation services provider is adding about 800 trucks and 4,000 containers.

The global third-party logistics provider has its sights set on further investing in technology after posting a year-over-year increase in revenues of nearly 15 percent.

A.P. Møller – Maersk’s new financial reporting structure, effective from the first quarter, coincides with its strategy to become a global integrator of container logistics with one bottom line.

Global demand for air cargo ticked up 1.7 percent for the month, the slowest pace in 22 months, according to the latest data from the International Air Transport Association.

New office in Tema, Ghana will oversee the German carrier’s operations in West Africa.

The Danish global transport and logistics provider posted profits of 769 million Danish krone (U.S. $123.4 million) for the quarter, a year-over-year increase of 14.9 percent.

Overall average revenue per TEU increased by 8.3 perent compared to the first quarter of last year.

Deringer’s director of customs affairs and compliance vows to focus on protecting the industry.

The $5 million investment will enhance service for Florida importers and exporters

Carriers often mount efforts to extend the defenses and protections they enjoy under the Carriage of Goods by Sea Act to their agents and subcontractors.

The decision would seem to raise as many questions as it answers.

Buying capacity in a tight spot market to meet contractual demands is a factor.

UPS is currently in talks with at least one trucking company to start an in-home delivery service for large goods such as appliances and furniture. This move could provide a competitive advantage for UPS, and allow the company to take advantage of the rapid growth in e-commerce sales of larger items.

Freight rates have increased significantly in a short period of time over the past year. Aside from shipping volume increases and driver shortages, there is another less discussed factor at play.

Agile Blockchain Corp. has announced its alliance with the Blockchain in Transport Alliance (BiTA).

BiTA, the world’s largest technology alliance focused on the freight industry, announced the appointment of Mitch Hixon as E.V.P. Member Engagement.

Nikola Motor has sued Tesla for patent infringement on its Nikola One, at left. The Tesla model is at right. Nikola claims Tesla violated patents on door placement, wraparound windshield and the fuselage.

WIT Index which measures the percentage of women in the trucking industry has reported a marginal increase in the number from 7.13% in 2016 to 7.89% by the end of 2017.

Allegations of threats, name-calling all as part of a schism in two trucking associations.

The ambiguity surrounding trade talks is leading companies most affected by the tariffs to delay hiring or spending plans until they have a clearer sense of what the administration will do.

OEMs, fleets, and policymakers came together to talk about what drives innovation in clean transport technology. They also discussed California’s lawsuit against the EPA and the uncertain regulatory climate.

Meritor CEO Jay Craig offered insights into how the century-old industrial manufacturer of automotive components adapts to a changing technological landscape: by paying attention to external changes and listening to its customers.

The ocean shipping booking platform provider is piloting an automated container freight rate management system as part of a greater effort to drive data digitization and communication across the industry.

Terminal operator reports higher first-quarter container volumes.

Several firms filed substitution drawback for distilled spirits after the new process debuted in ACE, but Treasury has not decided whether such products will qualify.

A mechanism for continuous, supplemental bonding for importers subject to AD/CV duties will go before a committee in June; a Customs Trade Partnership Against Terrorism test likely will wrap up […]

The tech-focused freight forwarder landed $100 million in funding from Chinese parcel courier SF Express, a move company officials say will accelerate the expansion of its global logistics operations.

Company expects improvements in core Hawaii and Alaska trade lanes.

The short-line and regional railroad operator is actively evaluating acquisition and investment opportunities after drastically increasing its net income and revenue.

Industry groups are calling for a Federal Maritime Commission investigation of changes planned by container terminals in Los Angeles and Long Beach.

Carrier Lists combines their carrier sourcing information with SaferWatch’s assessment data to provide a unique consolidated service for freight brokers.

Data from the Institute of Supply Management shows that manufacturing activity lost some momentum in April, as the current capacity crunch and recent tariffs have impacted production flows

Every new regulatory regime—whether it’s deregulation, the introduction of hours of service, or the ELD mandate—prompts a fresh wave of creative destruction. Some business models thrive, while others go extinct.

The industrial real estate prices have been up for a long time and if market trends are to be believed, they could be climbing for the next few years.

The first month of the second quarter is in the books. While the economy shows it is still going strong, there is some tempering in the freight market. Trucking companies are still uncertain with what lies ahead.

Calling the Hall of Fame honorees a “pretty impressive group,” Tom Moore, senior vice president of the National Private Truck Council, told the story of each of the four drivers before officially welcoming them to the NPTC Hall of Fame.

Great Dane announced it has joined the Blockchain in Transport Alliance (BiTA).

Netradyne’s Driveri system records driver behaviors. A new extension of that adds real-time notifications to the driver in the cab.

Cashflow Corner presented by TriumphPay …Summer is almost upon us and with that comes hot temperatures. So how can you stay cool, and just as importantly, how can you keep your truck running?

Along the side of a tractor-trailer is a blind spot for drivers, but it is also an area where incidents can happen. Adding side cameras can help record those incidents.

Regardless of technology, the transportation industry is still built on relationships.

Economic conditions as they relate to freight generally improved during the month. With a few notable exceptions, most of the data released in April (largely covering March activity) either met or exceeded expectations and signal that freight demand will likely stay strong going forward.

The 104-year-old waterway is expected to handle 244 transits from liquefied natural gas tankers this fiscal year.

The revised OffPeak program is expected to ramp up in August.

Chicago-based 3PL acquires freight management services division of ROAR Logistics.

The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.

The Chicago-based freight broker and third-party logistics provider posted a net income of $4.7 million in the first quarter of 2018 compared to a $2.9 million loss in the same quarter a […]

North America’s largest provider of truckload services reported a net income of $70.4 million in its second full quarter of post-merger operation.

The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.

When investing in cyclical companies, such a transports, it is important to first understand what part of the economic cycle we are in.

It’s never fun to have a package stolen. BoxLock is offering the first internet-connected padlock specifically designed to safeguard your deliveries.

Lanehub is developing a social network where mostly shippers and carriers come together to identify long term efficiencies by aligning their networks—and they just lined up another round of seed funding.

It’s OK for an employee to be on the HELP board. Beyond that, the state’s auditor is critical of several people’s behavior.

Virgin Hyperloop One and Hyperloop Transportation Technologies are competing in UAE to build the first hyperloop network in the region.

TMW CEO Wangler dies; a complete guide to Tesla’s borrowing & spending; inflation, consumer spending rise; the UAE’s Hyperloop; lost trucker wanders through Oregon forest for 4 days, lives to tell the tale.

On its 25th anniversary of the program, the National Private Truck Council (NPTC) graduated 78 new members of its Certified Transportation Professional (CTP) program, bringing the total number of graduates from the program to over 1,700, said Gary Petty, president & CEO of NPTC.

Tax changes have made leasing an even more inviting proposition for fleets, says the COO of Fleet Advantage.

Autonomous trucks, CSA, hours-of-service and more were topics of a wide-ranging keynote address given by Dan Murray, vice president of ATRI, at the NTPC 2018 conference.

Trade groups say the legislation doesn’t go far enough; Teamsters say it goes too far.

The $8.4 billion stock-for-stock transaction is expected to close in the third quarter.

Amazon and the US Postal Service have grown package volumes and profits together in a mutually beneficial relationship.

Squeezed by higher demand for its services and the need to hire outside capacity in a tight market.

Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.

Drewry says leasing companies are expected to own 54 percent of the world’s shipping container fleet by 2020.

DOT outlines exemption procedures for air taxi operators planning commercial drop-offs

Initial work will make the narrow-gauge rail line system technically and economically operable.

After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.

Everyone’s interested in who is a shipper of choice, and if they’re not they want to know how they can become one.

PT expenditures rose about 40% for the quarter.

The industry in the Netherlands makes it the Wall Street of flowers.

The two companies are headquartered out of state. That’s what made these penalties different.

Trimble has announced that David Wangler, president and CEO of TMW Systems, passed away on April 26.

TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.

USA Truck posts a strong first quarter earnings continuing its torrid turnaround pace.

IBM launches a blockchain network to track gold and diamonds across the supply chain.

Economic growth slowed down in the 1st quarter, as payback from post-hurricane surges and poor weather derailed activity in some sectors of the economy.

Congress will decide on an amendment to a federal aviation bill that would curtail a state’s ability to set its own rules on HOS, which could end up creating problems for truck drivers.

GS1 makes the system complete and more accurate in the supply chain so that consumers have a smooth shopping experience from website searches, all the way to when the product reaches their doorstep.

NS had weak operating metrics in the first quarter, but strong performance. Hub sees a strong pricing environment for the rails.

Mushroom supply has been constrained due to factors ranging from labor shortage, bad weather, and infrastructural investment need for growing the produce.

Kansas City Southern (KCS) (NYSE: KSU) announced today it has joined the Blockchain in Transport Alliance (BiTA). 

NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as […]

The ATA and OOIDA are on different sides of this issue.

The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.

The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.

The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.

The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.

The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.