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Although adverse currency exchange fluctuations caused Eimskip’s net earnings to tumble between 2016 and 2017, revenues surged, thanks to new acquisitions, volumes growth and increased international freight rates.
GE Transportation will supply freight locomotives to Ukrainian Railways, as well as additional locomotive kits over 10 years, the rehabilitation of locomotives in the railway’s fleet, and long-term maintenance services.
Qatar Navigation (Milaha) recorded a net profit of 469.8 million Qatari riyals (U.S. $129.1 million) for the year, as operating revenues slipped 2.4 percent to QAR 2.49 billion, according to […]
The class-action lawsuit filed in California on Monday alleged that the port drayage arm of XPO Logistics is misclassifying truck drivers as independent contractors.
Limited visibility, outdated information, errors compounding on errors amounts to one thing: unhappy customers.
American Global Logistics, a company that serves small to mid-sized companies, is looking to leverage blockchain to create a more transparent and effficient supply chain network.
Home sales have fallen over the past couple of months, as poor weather and tax law changes have likely postponed some activity. Fundamentals remain strong for housing however, and sales should continue to improve going forward.
Geely, owner of Volvo Cars, has acquired a stake in Daimler AG and it has upset AB Volvo, which has decided not to put Volvo Cars’ chief executive up for re-election to its board.
Shippabo is a supply chain solution that helps businesses streamline their international shipping like air and bulk cargo.
The CEO of Maersk says that in 3-5 years, Maersk will be competing with UPS and FedEx, and recognized as one of their peers. But what’s the strategy?
Atlanta-based integrator United Parcel Service Inc. (UPS) is seeking 1.7 billion euros (U.S. $2.1 billion) in damages after regulators in the EU vetoed its acquisition of European parcel carrier TNT Express, […]
Over 1,000 local government leaders told Congress last week that heavier and longer trucks could harm the nation’s transportation infrastructure, despite companies like FedEx saying how an increased twin tractor-trailer […]
The Federal Trade Commission said the $400 million deal would violate antitrust laws by significantly reducing competition in an important market for marine water treatment chemicals and services.
DP World said its Doraleh Container Terminal was illegally seized Friday by the Djibouti government in attempts to force the terminal operator to renegotiate the terms of its concession.
U.S. Federal Maritime Commission Acting Chairman Michael A. Khouri has recently appointed Rachel Dickon to serve as the commission’s secretary and Brian Troiano to director of the Bureau of Enforcement.
The U.S. Treasury Department’s Office of Foreign Assets Control has sanctioned six individuals, 24 entities, and seven vessels for the illicit production, refining, brokering, sale, purchase or export of Libyan […]
International trade volumes ticked up 0.3 percent in December compared with the previous month, according to the latest World Trade Monitor report from the CPB Netherlands Bureau of Economic Policy […]
U.S. Customs and Border Protection has yet to implement alcohol excise tax cuts mandated through recently enacted national tax reform legislation, leaving the trade community wanting more clarity on when […]
Leading commodities, markets-data news, and blockchain expert joins FreightWaves as Executive Editor and BiTA’s Head of Member Engagement.
Intermodal pricing rose another 5 percent for the month compared with the same 2017 period, the sixteenth consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
Domestic truckload pricing jumped 6.5 percent for the month compared to January 2017 following year-over-year increases of 6.3 percent and 6.2 percent, respectively, in December and November, according the latest […]
The purchase of Pinnacle Rail Operations, which operates seven automobile terminals in the United States for Class I railroads, will result in about a 10-fold increase in Rail Management Services’ […]
The French container carrier said its logistics facility at DP World London Gateway Logistics Park is expected to commence operations in early summer next year.
Have ELD’s worsen the truck parking problem? Perhaps, but the real problem remains where spots are located and letting drivers know those locations.
The agency’s new field office in Hanoi, Vietnam was established to help expand America’s $2.5 billion-a-year agricultural export business to the Southeast Asian country.
The Eden Prairie, Minn.-based third-party logistics provider has appointed Robert Biesterfeld to serve as chief operating officer, effective March 1.
The Federal Maritime Commission has yet to determine if entities should receive relief from ocean carriers and terminals assessing free time penalties when the cause of exceeding contracted free time […]
The Treasury Department’s Office of Foreign Assets Control has added another 27 shipping companies, along with 28 vessels, to its Specially Designated Nationals List in an effort to prevent North […]
Dubai Ports World will build new inland ports in two Indian states to handle increased container traffic coming into that nation’s ports.
This new consolidation program, adds convenience and freshness and also mitigates some of the impacts of the newly implemented ELD law that will be 100 percent enforced on April 1, 2018.
Wales First Minister Carwyn Jones was in Dublin, Ireland, last week due to “serious concerns” brought about by the possibility of a hard Brexit exit and its impact on trade.
Container Terminal Services has secured a contract to expand the Porto Umm Qasr in Iraq to handle more container volume.
The majority of the UK branches of KFC were forced to shut down due to the unavailability of chicken, caused by a supply chain mishap.
Strong revenue and profit numbers, but margins are challenged from a few years ago.
SkyCell has 1,000 high-tech refrigerated air freight containers circulating through the global biopharmaceutical cold chain. They’ve reduced temperature deviations from a global average of 8.5% to less than 0.1%.
Crytpcorurrencies got three mentions in Bank of America’s 10-K. Is that a big deal?
Persistance is important in reaching any deal, but delivering on what you promise is equally important.
UPS is planning to add 50 plug-in electric vehicles from Workhorse this year for testing with plans to add more units in 2019.
Won’t tolls make congestion worse? Come to find out, with today’s technology, perhaps not.
The Atlanta-based parcel carrier will be the first in the industry to deploy electric-powered delivery trucks that will be comparable in cost to trucks that run on conventional fuel, according […]
The South Carolina Ports Authority’s container volumes sank 9.5 percent in January 2018 from 12 months prior.
Konexial uses its ELD device to leverage its dynamic load matching solution, which can act as a one-stop solution for both carriers and shippers.
The Kuwait City-based global third-party logistics provider posted a net profit of 68.5 million Kuwaiti dinars (U.S. $227.8 million) on KD 1.41 billion in revenues last year, increases of 16 […]
President Donald Trump on Thursday extended the national emergency on Cuba under the International Emergency Economic Powers Act.
The airfreight division of International Airlines Group saw commercial revenues rise 8 percent to 1.08 billion euros (U.S. $2.2 billion) last year thanks to increased volumes and yields, IAG Cargo […]
DHL Express has opened a new cargo processing facility at Brussels Airport, which will nearly quadruple its handling capacity to 42,000 shipments per hour at this regional hub.
ITS Logistics promotes chief financial officer, while the Port of New Orleans appoints board member.
A weak-to-flat market for used trucks is causing Ryder some headaches.
U.S. President Donald Trump has said as far back as May 2017 he would be open to considering raising the federal gas tax as a means of funding infrastructure investment, […]
It is a curse to have everything go right on your first attempt.
Among the actions called for by the brokers and forwarders group is for U.S. Customs and Border Protection to program the Automated Commercial Environment to allow for goods releases at […]
The designation of all of Miami International Airport (MIA) as a foreign trade zone (FTZ) magnet site will allow airport tenants to operate manufacturing and distribution facilities on airport property, […]
U.S. Customs and Border Protection and Procter & Gamble will work to prevent counterfeit P&G products from entering the country, with the company donating testing devices to determine product legitimacy.
The U.S. Justice Department said the three men were indicted Monday for their role in conspiring to illegally export goods and technology from the United States to support Hizballah in […]
In a recent phone interview with FreightWaves, Quanergy CEO Louay Eldada spoke about what makes his company’s LiDAR sensors superior to the competition.
During the infamous polar vortex winter of 2014, as temperatures plummeted across North America and even trains came to a halt, a transportation engineer inside AB InBev’s St Louis headquarters reached out to a company that appeared uniquely suited to solve its frozen beer problem. Riskpulse answered the call.
President Trump again has Amazon in his cross hairs, but forcing online retailers to charge state sales tax will likely hurt small businesses the most.
Truckers Against Trafficking has launched the Man to Man Campaign in an effort to eliminate human trafficking in the transportation industry.
Insurance & Risk Management presented by Reliance Partners … While the number of recorded cargo thefts in 2017 declined to 649, the group said, the threat remains, and according to Scott Cornell with Traveler’s Special Investigations Group (SIG), may be underreported.
Techpertise together with TMW SystemsTechnology platforms have enabled the Dart Network to automate the bidding process, leading to a more efficient system that better utilizes company resources.
BIMCO, a Copenhagen-based international shipping organization, said 2018 could be the year in which container shipping growth and demand growth come out equal.
Although container volumes to and from the United States and Canada are both projected to continue to increase in the coming year, the countries will “have two very different tales […]
The fledgling containership owner and operator has agreed to purchase a fleet of 14 feeder container vessels ranging in size from 1,300 TEUs to 2,800 TEUs for a total price […]
The vessel owner and operator will use the proceeds from the offering for general working capital purposes, including vessel acquisitions.
Terminals operated by the Northwest Seaport Alliance (NWSA) of Seattle and Tacoma handled 250,762 TEUs for the month, a 16.7 percent decline from the same 2017 period.
The Athens, Greece-based dry bulk vessel owner recorded a net loss of $436.9 million for the fourth quarter of 2017.
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index rose 2 percent in January 2018 compared with the previous month to a reading of 111.6.
The South Korean ocean carrier’s U.S. Premium Service that launched last May, which allows shippers to pay an extra 10-20 percent to get guaranteed space on ships and rapid discharge […]
Several states are looking at ways to exempt truck drivers from the ELD mandate, but at least one expert says any laws passed by states to do so would likely violate federal regulations.
Pure Collection, a Harrogate, England-based cashmere apparel retailer, reportedly sent a large portion of the illicitly shipped merchandise to customers in Maine.
Although container volumes to and from the United States and Canada are both projected to continue to increase in the coming year, the countries will “have two very different tales […]
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
Our data scientists have revealed the relationship between tender/pick-up lead times, spot rate margins, and volatility in the freight markets.
CONNVEX is a platform intended to transform the delivery of solutions through multi-dimensional partnerships between industry stakeholders in the connected commercial vehicle space.
FourKites will use the funds to double its headcount, accelerate product development, and expand internationally.
Transportes Innovativos is pleased to announce it is the first Mexican Truckload carrier to become a member of the Blockchain in Transport Alliance (BITA).
Walmart did well in the fourth quarter in many areas, but not in eCommerce. As a result, it’s stock has been hammered.
Truck orders and tonnage both posted strong gains in January suggesting there is no immediate end coming to the good times.
Our data scientists have revealed the relationship between tender/pick-up lead times, spot rate margins, and volatility in the freight markets.
The American Trucking Associations’ Technology and Maintenance Council and Transportation Security Council, in conjunction with the FBI, has developed Fleet CyWatch to help fleets protect themselves against cyberattacks.
E-commerce sales are putting pressure on retailers and that is leading to additional changes to the movement of freight and logistics.
A few of this week’s most interesting discussions–or just exclamations–on social media
Japanese ocean carrier MOL received immunity for revealing the cartel, while the fines for CSAV, “K” Line, NYK and WWL-EUKOR were reduced for their cooperation with the investigation.
The Virginia House of Delegates Committee on Appropriations and Senate Finance Committee recently released their respective two-year state budget proposals, both of which contain funding for the widening and deepening […]
S&P Global’s acquisition of the global trade data company is expected to close in the coming weeks.
The cargo airline revealed its plans to begin shipping internationally in May by launching flights between the United States and Mexico.
Ondiflo, a joint venture between Amalto SA and ConsenSys is using blockchain to automate ticketing processes in the oil and gas industry.
The Honolulu-based ocean carrier posted a net income of $232 million for the full year in 2017, an increase of more than 185 percent compared with the previous year, according […]
The German third-party logistics provider will expand into non-traditional services for the automotive sector, including the 3D printing of replacement parts and other “additive production” support.
Schiphol Cargo, the cargo operation of Amsterdam Airport, will be merged with the Aviation and Marketing Department, effective April 1.
Miami-Dade Aviation Department (MDAD) appoints new director and chief executive officer, while ECU Worldwide promotes regional sales manager.
A.P. Møller -Maersk CEO Søren Skou said the company is striving to become a “global integrator of container logistics” so that shippers can make arrangements by “just dealing with Maersk.”
Psychemedics Corporation says they have developed a test which eliminates false positives and has been vetted by the FBI.
A better last-mile experience. That’s what the e-commerce game has become, and all logistics services across the supply chain are clamoring for opportunities and efficiencies to squeeze the blood out of the turnip.
There are no shortage of ICOs in the market, all of them boasting of their abilities to disrupt markets with distributed ledger technololgy.
With blockchain-based credentials, or Blockcerts (an open source standard developed by Learning Machine and the MIT Media Lab), risk management can now extend to the driver level.
Drop is viewed as normal during the winter by DAT
The ELD compliance rate continues to inch up among fleets according to the latest survey conducted by CarrierLists.
DLT Labs announced today that it has joined the Blockchain in Transport Alliance, a forum for the development of blockchain standards and education for the freight industry.
Transplace, a leading provider of transportation management services and logistics technology solutions, today announced that it has joined the Blockchain in Transport Alliance (BiTA), the largest industry-specific blockchain standards organization in the world.
