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Volatility returns to commodity markets, with oil, aluminum, and nickel posting huge price increases. How long will these price shocks last, and how will they affect the economy?
Responses from the Federal Reserve’s Beige Book on regional economic conditions show that recent tariffs and capacity issues in freight are starting to pressure businesses.
ELD hard enforcement had its impact on rates months ago, but the physical impacts to drivers and people on the ground is still an issue. Autonomous vehicle technology is progressing rapidly.
Livestock farmers in the Midwest are facing hay shortage and record prices in the market, partly fueled by an extended winter season this year.
Lisa McGinty, the company’s first employee returns to FreightWaves for an encore performance as CMO
Presented by Reliance Partners …The jury is still out as to whether or not ELDs actually make our roads safer, but many say they’re working.
While April 1 turned out not to be the total disaster so many predicted, the hard enforcement date has brought pain to some individual truck drivers and fleets who continue to be tripped up by common mistakes.
Amid posting a 19.3 percent year-over-year drop in net earnings, the Class I railway faces a “potentially devastating” work stoppage.
AutoMobile International Terminal’s vehicle processing roll-on/roll-off facility is expected to be completed by the end of 2019.
The shipping analyst said shipments of soybeans from the United States to China were down by 18 percent or 2 million tons in first two months of 2018.
San Francisco’s Red and White Fleet is running on a biofuel made at a Singapore refinery.
Sweden-based West Atlantic Group will operate the plane, which it expects will “improve reliability, lower aircraft operating costs and provide a better environmental footprint.”
Perishables specialist Streamlines will offer weekly service for containerized reefer cargo from U.S. South Atlantic to North Europe ports.
The freight forwarder and third-party logistics provider increased year-over-year consolidated profits and revenues in Q1 with airfreight volumes inching up amid lower ocean freight volumes.
The U.S. Gulf Coast port handled 9.7 million tons of cargo during the first quarter of 2018, up 2 percent year-over-year, with bulk material and steel being the primary drivers […]
Abu Dhabi Ports in the United Arab Emirates and Jiangsu Provincial Overseas Cooperation and Investment Co. Ltd. of China said 15 Chinese companies have signed agreements.
The Port of Los Angeles appoints deputy executive director of stakeholder engagement, while the Greenbrier Cos. names vice presidents for its manufacturing and leasing operations.
DHL and IBM predict artificial intelligence will be as omnipresent in commercial logistics processes as it is in consumer applications today.
Luminar’s sensing platform that is scaling to a capacity possible of equipping every self-driving test vehicle globally by year’s end.
China-U.S. ocean freight rates have been falling continuously for the record 32nd week, in the wake of the Chinese New Year and a continous surge in capacity.
Blockchain has been touted as one of the most revolutionary pieces of technology since the invention of the internet. While hype continues to pick up speed, the most innovative organisations have moved beyond talk and are actively deploying pilots leveraging the technology into supply chain and logistics networks.
Hapag-Lloyd explores priority container freight; CSX raked in Q1 profits; aluminum prices are turbulent; UPS launches Groupon-like discounts for retailers; project44 raises $35M in Series A.
Positive news from both manufacturing and construction sectors, as gain in each help drive up freight demand in the economy
NFI, a leading supply chain solutions provider, recently became a member of BiTA.
Irrespective of who wins the race to deploy the first fully autonomous vehicles, the unanimous view was that in the future, size is going to matter and carriers/OEMs will need balance sheets to be able to survive.
Port of Los Angeles announces deal to lease shipyard to Space X for rocket construction.
Geodis, Delta Drone say their product for automated inventory tracking will be operational by the end of the year.
The first in its class to release Q1 results, the railway reported a 4 percent year-over-year decline in volumes and a sharp drop in headcount.
The Lowell, Ark.-based intermodal and trucking provider saw its profits climb 15 percent to $118.1 million as revenues and intermodal volumes increased 19.6 percent and 6 percent, respectively.
The world’s second-largest contract logistics provider added about 5,000 jobs to its supply chain network during the first quarter.
Premium Transportation Logistics names president, while Wolfe Research appoints new managing director.
Ag secretary slams China’s decision to impose 178.6 percent antidumping levy on imports from the United States.
After 2017 profit, carrier will “continue to explore growth in the transpacific trade despite being a minor player.”
The company takes in less revenue, makes more profits and is off a federal watch list.
DAT reported flat to lower rates in this weeks national averages. The TRI has been suggesting a softening market for the past few weeks.
Daseke has purchased Aveda Transportation and Energy Services, one of North America’s largest oil rig movers. This acquisition increases Daseke’s exposure to the oil and gas industries, which have a bullish outlook for 2018 and beyond.
The survey includes responses from more than 100 trucking companies of various sizes with the intention of keeping a pulse on the industry.
Tesla has shut down Model 3 production again, with Elon Musk admitting he made a mistake over-automating Tesla’s factory. The media has also begun scrutinizing Tesla’s problematic safety record.
After a successful year of record gross revenues, the global logistics company has earmarked 188 million euros for investment in industrial goods and set its sights on expanding its U.S. […]
Hyperloop Transportation Technologies is building and testing a Hyperloop network in Toulouse, France which on paper, has the capacity to move people and freight at speeds of about 760mph.
The first quarter of 2018 has come to a close. While volatile, many transportation companies saw growth and shippers are recognizing a potential shift in who has the leverage in the marketplace for the first time in years.
Cashflow Corner presented by TriumphPay …The interview process is just one area where companies can be tripped up by asking the wrong questions, which could potentially place them in legal jeopardy.
The words ‘realtime’ and ‘visibility’ get thrown around a lot, but most companies offering visibility solutions don’t actually define what they mean by the terms, which confuses the market.
There’s a lot at stake for shippers, but whether it’s for the long or short-term, becoming a shipper of choice benefits the entire supply chain, not the least of which are drivers’ experiences.
California is introducing the ‘Dignity in the Driver’s Seat’ bill which would be a gamechanger by going up the supply chain and holding trucking companies and big-box retailers accountable for prevelant driver exploitation.
Shippers are anticipating continued volume increases, tighter capacity, and further rate increases according to a Morgan Stanley survey.
UPS appoints president of U.S. operations, while Geodis picks vice president of U.S. sales and ECU Worldwide names regional CEO for India, the Mideast and Africa.
The average price for a gallon of on-highway diesel fuel hits $3.104, with prices the highest in California, according to the U.S. Energy Information Administration.
Senate Banking Chairman Mike Crapo supports confirmation of Jeffrey Nadaner to lead Bureau of Industry and Security Office of Export Enforcement and reform of Committee on Foreign Investment.
Container throughput at the Southern California port fell 26.7 percent from the same month a year ago to 577,865 TEUs after a record-setting February.
The most challenging part of the Surface Transportation Board Reauthorization Act of 2015 has been assuming the administrative and information technology functions previously housed under the DOT, according to STB […]
Terminals operated by the Northwest Seaport Alliance handled 302,516 TEUs in March, a 9.6 percent decrease from March 2017.
The Dubai-based third-party logistics provider launches an integrated online service that allows shippers to obtain rate quotes and book their ocean and air freight as well as pay for those […]
U.S. Customs’ rollout of automated processing is expected to widen the use of one of the oldest trade laws on the books.
XPO announced it is releasing a consolidated digital platform into the marketplace. XPO Connect is the latest digital offering by a transportation provider attempting to offer more visibility an functionality to its customers.
There’s a lot at stake for shippers, but whether it’s for the long or short-term, becoming a shipper of choice benefits the entire supply chain, not the least of which are drivers’ experiences.
Fullbay may offer a solution to shop owners seeking to relive the five major pain points associated with HD mechanic shop ownership.
Ricardo’s spinoff Dolphin N2 is developing an engine based on CryoPower technology, which it believes can reduce CO2 emissions and boost engine efficiency.
Volkswagen is talking openly about increasing its 16.9% share of Navistar and taking over the brand as a prelude to an IPO or debt sale for its Truck & Bus division in Q1 2019. VW ousted its CEO Müller last week and continues to roll out its new messaging.
Retail sales rebounded in March after declining in each of the previous three months. This rebound is a return to normal for the retail sector after some volatility in spending following the hurricane season.
E-commerce is intensifying last mile delivery activity; warehouse prices are climbing rapidly in consumer-dense markets; but the logistics space is fragmented, with high EBITDA multiples and low barriers-to-entry hindering consolidation.
“A number of factors, including the steep decline in First-Class Mail volume, coupled with legal mandates that compel the U.S.P.S. to incur substantial and inflexible costs, have resulted in a structural deficit,” Trump said.
The first major transportation provider out of the box with first-quarter earnings has posted a better-than-expected result in revenues with J.B. Hunt Transport Services topped revenue estimates for the quarter.
Precision Software, a provider of global trade management and transportation execution solutions, today announced it has joined BiTA.
Steve McCarthy, formerly with S&P Platts, has joined the FreightWaves team to develop a series of events and training for the freight markets.
The shift would put the burden of dealing with trucking infractions on to local Oklahoma courts.
Container industry wants U.N. group to lead research on how to cut carbon emissions.
West Coast marine terminal operators agree to a flat fee and appointment-based model.
The U.S. Surface Transportation Board wants to understand the relationship between a prospective buyer of tracks in Georgia and Alabama and short-line railroad operator OmniTRAX.
The Department of Agriculture and Office of the U.S. Trade Representative finalized an agreement with Argentina’s Ministry of Agro-Industry to restart pork exports to the South American market.
President Donald Trump on Thursday issued an executive order creating an inter-agency task force that will be responsible for recommending reforms for pulling the U.S. Postal Service out of a […]
Year-over-year TEUs handled climb 14 percent and intermodal rail volumes move up 20 percent in March.
The House Transportation and Infrastructure Committee on Friday introduced legislation to reauthorize the programs of the Federal Aviation Administration.
The mid-Atlantic port handled 38.4 million tons of cargo valued at $53.9 billion during the year.
Construction is under way on Nigeria’s first deep-sea port and the deepest port in sub-Saharan Africa in a project that will help reduce congestion at the nearby Port of Lagos.
Fluxys will operate at quay 526-528 to provide liquefied natural gas to small ships and barges operating in the Belgian seaport.
Job growth has improved since the start of the year in the trucking industry. While this is strong step in address the driver shortage, the industry will soon find itself having to compete long-term with other industries desperately searching for skilled labor.
A push for density-based pricing is happening in the less-than-truckload (LTL) segment of the transportation industry, but it’s nothing new.
Schneider National and 8VC announced a partnership with Platform Science to develop data platforms to allow carriers to manage IoT data and generate custom, realtime insights.
ELD hard enforcement begins. Carriers seek better driver retention methods in the capacity crunch. XPO joins the digital freight booking push. Reefer rates climb out of the Salinas, Central, and Imperial Valleys. JP and Chad discuss all this and more in this week’s episode.
Volvo Trucks has now formally entered the all-electric push with the announcement that its FL Electric vehicle has been introduced in Europe.
In a move many see as a continuation of his feud with Jeff Bezos, President Trump authorized a task force to look into USPS business practices. Beyond the personal spat, there are real issues with how the post office charges for delivery and the relationship with Amazon
The technological revolution is underway in supply chain management. The big companies are investing heavily in growing this largely ignored aspect of the industry.
Dolly is a last-mile delivery startup that is providing consumers the power to dictate their delivery processes, by determining when their product needs to be loaded, transported, and delivered.
Flatbed freight remains red-hot with 111 loads for every truck, but what is causing the surge in demand?
A new survey finds that global e-commerce logistics are still handled by manual processes by many, but more technology is finally beginning to take hold.
Northwest Seaport Alliance CEO John Wolfe also told House lawmakers that tens of thousands of jobs in the state could be lost if the United States gets into a full-blown […]
President Trump is asking for budget increases of more than $1.6 billion to combat explosive growth of drug smuggling.
Transportation Secretary Elaine Chao encourages legislative action clarifying the electronic logging device mandate.
Port of Nanaimo processing center will provide another gateway for cars moving into Western Canada.
Air freight volumes at the 20 busiest airports worldwide grew 6.8 percent last year, but the “specter of uncertainty regarding trade policy among major economies” could dampen growth in 2018, […]
The bridges slated for immediate closure are structurally deficient, Gov. Phil Bryant said, and keeping them open could jeopardize the state’s federal infrastructure funding.
The Coast Guard has closed a portion of the river to vessel traffic following an incident in which a Singapore-flagged cargo ship collided with a pier and began leaking diesel […]
The Pacific Northwest port increased its net profit and operating revenues as well as set a tonnage record as steel and dry-bulk imports surged.
The Opfikon, Switzerland-based airport ground and cargo handling services provider will defer its planned initial public offering on the SIX Swiss Exchange due to weak market conditions, the company said […]
Day & Ross has appointed a new president of its freight group, while Air Partner announced the departure of its CFO.
Goal is to reduce emissions by at least 50 percent by 2050 compared to 2008 while pursuing efforts toward phasing them out.
The activity is growing as developers seek to produce ledger-based solutions
There is a migration of grain haulers from the industry due to various reasons – lower grain prices, a stronger dollar, record wheat production in Russia leading to lesser exports, and the ELD mandate.
FTR expects overall intermodal traffic to grow 6% YOY despite capacity constrains in rail and some downside risks like NAFTA renegotiation.
