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The autonomous trucking company raised $55 million in a Series C funding round led by Composite Capital, with participation from existing investors Sina and ZP Capital.
Hackers could potentially cause environmental damage and incur heavy fines for shipping lines by using nefarious techniques, according to a recent report from security testing company Pen Test Partners.
BiTA, previously known as the Blockchain in Trucking Alliance has expanded its mission and renamed the Alliance the Blockchain in Transport Alliance to reflect its focus on all forms of transportation, not just trucking.
On Black Friday, Morgan Stanley released its research report “Blockchain in Freight Transportation: Early Days Yet but Worth the Hype”–we break down the key takeaways, from lists of current use cases to potential obstacles to implementation and how they’ll be overcome.
Despite continued complaints about CSX’s delays and no-shows, the railroad’s new CEO has made a controversial commitment to raising fees on everything from hazardous materials and overloaded cars to refrigerated cars.
ShipChain, the blockchain platform disrupting the trillion-dollar freight industry, announced its membership in the Blockchain in Trucking Alliance (BiTA.) In doing so, it also made clear its intention to partner with other major players in the logistics space, like UPS, in order to scale unified transport management as far and wide as possible.
Innovation is sweeping across the trucking industry; technologies such as autonomy, blockchain, and electrification are beginning to demonstrate real value potential. However, the question is, where innovation has been stagnant in the past, is the industry ready for change?
The spot market, which has been trending up for much of this year and is near record highs, is showing no signs of slowing down, according to DAT.
The Israeli ocean carrier had a net profit of $25.2 million for the quarter compared to a net loss of $37.6 million for the third quarter of 2016, thanks to […]
Automation and digitization continue to infiltrate the shipper and 3PL markets, even as those industries lag in investment, according to a study conducted by Infosys Consulting and presented during a Stifel conference call on Tuesday.
The Taiwanese ocean carrier finalized the rights offering of 500 million new shares at 12 new Taiwan dollars per share, cashing in a total of NTD 6 billion (U.S. $200 […]
Air Canada’s agreement with Cargojet will not be extended once it expires at the end of the year, Air Canada Cargo said in a statement.
CMA CGM names chairman of the board; DB Cargo AG appoints chief executive officer; IAG Cargo announces three new executive team appointments; and the Hong Kong Shipowners Association elects new […]
China-based autonomous driving technology start-up, Tianjin TSINTEL Technology, has successfully secured $15.15 million in a Round A fundraising spearheaded by the CMG Innovation Investment Management Co., Yicai Global reports.
Injury insurance claims from ports involve vehicles or other heavy equipment 85% of the time. An insurance provider has studied the claims and is making recommendations to ports on how to prevent them.
Following the collapse of a rail tunnel at the district of Rastatt in the city of Baden-Wurttemberg in Germany, the European Union has adopted new rules to “improve international coordination of infrastructure works,” the Handy Shipping Guide reports.
Nikola Motors, a leading startup that is building the next generation of truck tweeted out that Elon Musk was full of it and his claims on performance and range were invalid
Around Thanksgiving every year, lettuce growers in California’s Salinas Valley move their processing facilities south to Yuma, Arizona for the winter growing season. Click through for a video showing how they accomplish this logistical feat.
In a mere seven months, the trucking marketplace has gone from over-capacitized to the most under-capacitized in recent history as the market dynamics have dramatically changed.
The story of railroads is as old as the independence of the United States. The growth of railroads ran in parallel with the economic surge and transportation expansion of the 19th century. Fast forward two centuries and the grasp of railroads on the freight transport market has all but waned.
Data from the freight markets indicate a super-strong economy
Tesla updated its Semi website over the holiday, publishing a $150,000 base model version going to $200,000 for a limited run special Founder Version. The company also increased the deposit for orders to $20,000 each from $5000.
UK-based fleet management solutions company Microlise told attendees at the recently concluded Freight in the City 2017 conference how big data can boost productivity for truck drivers and operators alike with an emphasis on safety.
Data from the freight markets indicate a super-strong economy
TMW’s Tim Leonard has been at the forefront of big data in transportation for decades. Now he’s leading the charge on developing blockchain business applications. Yesterday, Leonard spoke to FreightWaves about his recent product demos.
Following on the heels of a 90-day waiver from the ELD rule for agriculture haulers, and several other exemptions granted by FMCSA in recent months, the Owner-Operator Independent Drivers Association (OOIDA) has submitted a new exemption request to the agency.
Walmart’s commitment to digital sales, grocery pickup, and two day delivery mean a newly intensified supply chain: more truckloads to its stores, which are now acting like fulfillment centers, more expedited service in the holiday shopping capacity crunch, and more demand for last-mile delivery to its customers’ homes.
Fleets do not have to be stuck paying high insurance premiums as there are a number of choices they can make to lower their risk profile and cost. Here are 10 ways to help do that.
U.S. Customs and Border Protection’s (CBP) agricultural specialists undergo extensive training in order to identify dangerous species and diseases carried on international cargo and prevent them from entering the country.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has placed North Korea’s government agencies in charge of maritime transport, as well as half a dozen North Korean shipping […]
The port’s 2018 budget, which is $16.7 million lower than 2017 levels, projects operating revenues of $38.22 million, an increase of 3 percent over estimated 2017 operating revenue results.
The Icelandic shipping company’s net earnings totaled 8.8 million euros for the quarter, down 6.3 percent from the third quarter of 2016 due to adverse currency exchange fluctuations, but operating […]
The Belgian port authority is gaining ownership and control of 720 kilometers of pipelines through its acquisition of Nationale Maatschappij der Pijpleidingen.
The seasonally adjusted For-Hire Truck Tonnage Index stood at a reading of 147.6 in October, up 3.3 percent from September’s reading of 142.9, according to the American Trucking Associations (ATA).
NetraDyne, a company based out of San Diego, is using artificial intelligence and computer vision to track drivers through intelligent and situationally aware cameras on deck.
“The NAFTA renegotiation is a disaster,” said longtime Washington trade attorney Jon Fee to attendees at the Apparel Importers Trade and Transportation Conference in New York this week, “I think […]
North American intermodal pricing in October inched up 1.9 percent from October 2016, marking the thirteenth consecutive month of year-over-year increases, according to the latest Cass Intermodal Price Index.
U.S. Customs and Border Protection will implement various cargo processing fee increases for importers and carriers, effective Jan. 1.
CEVA Logistics names chief operating officer of freight management, and managing director for North America; Roadrunner Transportation Systems appoints board chairman; and ShipServ names business and account director for EMEA.
Last week, FreightWaves published a commentary suggesting that solving the driver shortage may be as easy as raising pay – a supply and demand issue. We got many comments on that, including from Stifel Equity Research’s John Larkin, who said economics is not the only issue at play.
Cargill’s in-house blockchain will allow you to trace the journey of your Thanksgiving turkey, from farm to table. If this experiment in giving consumers unprecedented visibility into their food is successful, it will be expanded after the holidays.
FMCSA has made two recent changes to hours-of-service and ELD compliance that affects the agricultural community.
Weeks after Mastercard announced its foray into blockchain technology, American Express (AmEx) has launched its own blockchain-based payment service through the fintech startup Ripple, according to a report by Reuters.
Third-party logistics provider Bolloré will integrate Oro’s business-to-business (B2B) e-commerce interface with its global logistics platform to better coordinate online orders with downstream activities.
The Federal Motor Carrier Safety Administration issued a 90-day waiver from the electronic logging device mandate for agricultural commodity transporters after hearing concerns from the agricultural industry, especially with regard […]
In an annual report on pressing management challenges, the U.S. Department of Transportation said that safety remains the agency’s top priority.
The arrival of the block train in France saw the transit time for the 10,815-kilometer journey slashed by 20 days, according to Maersk freight forwarding subsidiary Damco.
Linehaul truckload shipping costs in October increased 5.5 percent from 12 months prior, according to the Cass Truckload Linehaul Index.
There are times in every business owner’s life when you need cash. The business has hit a rough patch, an unexpected expense has arrived, or a new business opportunity has presented itself, but you don’t have the money to take advantage. So how do you get the money?
On Monday Uber announced its agreement to purchase 24,000 self-driving Volvo XC90 SUVs for $1.4B, accelerating the auto industry’s shift to shared, autonomous transportation-as-a-service.
Höegh Autoliners names chief executive officer, and the Railway Supply Institute appoints president.
On Thursday night, Elon Musk announced Tesla’s new Semi tractors. Although the promised range of 500 miles impressed industry observers, the event left analysts and investors with even more questions about the truck’s specifications and Tesla’s production capacity.
The man behind the trucker march on Washington last month is back with a new group and a new billion-dollar lawsuit. James Lamb and his Small Business in Transportation Coalition has sued Indiana over the collection of Unified Carrier Registration (UCR) fees.
Global freight and logistics company DHL has confirmed its investment to the Airport Authority Hong Kong for the latter’s expansion plan for the Central Asia Hub, the Handy Shipping Guide reports.
Total Mexican maritime container imports increased 14 percent year-over-year for the third quarter of 2017, while the nation’s maritime container exports slipped 3 percent, according to A.P. Moller-Maersk’s Q3 2017 […]
Blockchain is digital ledger that can improve global trade security, stop illegal smuggling, and more importantly, reduce transit times currently bogged down by bureaucracy.
Container volumes on the trade have increased so far this year compared with the same 2016 period, and Drewry has projected modest growth potential on the trade in 2018.
Glendale Heights, Ill.-based Becker Logistics acquired Savage Logistics, the freight brokerage business of the Savage Companies, on Nov. 1.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Midas International Investments, Laurel, Md. […]
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Carlos B. Sanchez Renner, […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A&E Logistics, Chicago […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from Barker International, Naperville, Ill. (Peter R. […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission (FMC) has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Access Supply Chain Services, San […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 12 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Bluesea Logistics Corp., Monterey […]
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the FMC’s Office of Transportation Intermediaries.
Panalpina’s chief operating officer and executive board member resigns; and MIQ Logistics appoints vice president, global business development.
The recent Freight in the City event in London served as the perfect time for UK-based Hiab, a subsidiary of Finland-based Cargotec Corporation which manufactures on-road load handling equipment, to launch its skip loader truck powered by electricity.
The industry loves to throw around the term “driver shortage.” But what we really face is an economic opportunity shortage. Fix this and you will fix the driver shortage problem.
Consumer confidence remains high, yet retail stores continue to close their doors. Welcome to shopping in a modern America.
Building a smart contract requires coding, and incorrect code could turn a good deal into a not-so-good deal. To help alleviate that problem, McLeod Software this week introduced FlowLogix Smart Contracts.
What does the Tesla Semi look like? This gallery shows the truck for the first time, including what the inside of the day cab looks like.
For years we’ve heard arguments about how better supply chain visibility will lead to a logistics environment that is easier to predict, plan, and manage. But sudden changes can quickly derail those plans.
YRC Worldwide Inc. (NASDAQ:YRCW) has joined the Blockchain in Trucking Alliance (BiTA) to help lead, develop and promote benchmark standards for blockchain applications; the next generation of secure transactions in logistics and supply chain management.
Amazon has officially entered the freight app business with a new option called Relay. The app debuted last month, CNBC reported, and will make it easier for truck drivers to get into and out of Amazon facilities.
The Tesla Semi is purely battery-electric, carrying enough storage capacity for 500 miles, according to the company. With plenty of fanfare, the truck made its long-awaited debut, and the range was not the only surprise.
The Silicon Valley-based freight forwarder will charter its own freighter flight from Hong Kong to Los Angeles this weekend.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The value of shipments into U.S. Foreign Trade Zones (FTZs) totaled more than $610 billion last year, down from $660 billion the previous year, according to the U.S. Foreign-Trade Zones […]
The world’s largest container carrier has appointed Omar Shamsie to serve as the new president of Maersk Line in North America, effective Dec. 1.
The country’s agricultural exports totaled $140.5 billion for fiscal year 2017, ending Sept. 30, an increase of $10.9 billion over the previous fiscal year, according to the U.S. Department of […]
Fullbay, a startup based out of Phoenix, AZ, has created a heavy duty shop management software that helps shop owners create instant invoices, attract technicians, and truly satisfy customers.
Like taxes, insurance can be confusing. Many carriers, especially smaller carriers without dedicated insurance experts on the payroll, are at the mercy of an insurance provider. But armed with a little knowledge, carriers can make more informed purchasing decisions.
At its core, fraud stems from a lack of transparency. More and more companies look to blockchain as a technology solution for increasing transparency.
The United States Court of Appeals for the District of Columbia Circuit affirmed two National Labor Relations Board (NLRB) decisions that the International Longshore and Warehouse Union broke laws during […]
The U.S. Federal Maritime Commission (FMC) will hold a public hearing related to the Coalition for Fair Port Practices petition at its Washington headquarters on Jan. 16-17.
Van and refrigerated spot rates remain near historic levels, according to the latest data from DAT. The firm said the national average van rate fell 1 cent to $2.06 per mile, but remains just 3 cents below the post-hurricane peak of early October.
