News

It seems so simple, but basic attention to detail can help prevent an unwanted interaction with law enforcement, which can lead to increased insurance premiums.

The Federal Reserve reported that total industrial production declined 0.1% in January from December’s levels, weighed down by a 1% decline in mining output in the economy.

The Morpheus.Network, the full-service, global, automated supply chain system with integrated cryptocurrency payments, joins BiTA in building the ultimate importing and exporting platform on the blockchain.

The Owner-Operators Independent Drivers Association has joined efforts to change the current hours-of-service rules to allow drivers to stop driving when they are tired.

A long political fight over an uncontroversial nominee comes to an end

OpenPort, the digital logistics platform that uses blockchain technology to transform domestic distribution in emerging markets, today announced that it has joined the Blockchain in Transport Alliance (BiTA).

SeaIntel Maritime Analysis highlighted how utilization and rates on both the Transpacific and Asia-Europe container trades fell in late 2017 when carriers failed to limit capacity.

The trucking trade group has petitioned the agency to allow drivers to stop their 14-hour clock to take a rest break for up to three straight hours, and to eliminate […]

The e-commerce giant is partnering with Berkshire Hathaway and JPMorgan Chase to create a new company that aims to reduce healthcare costs for their U.S. employees, the firms said in […]

Federal Railroad Administration Chief Counsel Juan Reyes on Thursday defended his agency’s enforcement of positive train control, an anti-crash technology railroads are expected to implement by Dec. 31, 2018.

Despite the Southern California port’s container volumes falling 2 percent in January 2018 from 12 months prior to 808,728 TEUs, it was only the seventh time it had eclipsed the […]

U.S. Customs and Border Protection processed $2.39 trillion in imports during the year, with the number of imported cargo containers at U.S. ports of entry totaling over 28.5 million, a […]

Customers want more visibility and creativity than ever; technology solutions must be nimble enough to add value for a customer without adding a burden; just because you spend on technology doesn’t mean you’re truly tech-oriented.

The port said its increase in exports, which increased 2.1 percent to 74,883 TEUs, were boosted by a weak dollar.

Lower sulfur fuel is expected to reduce deaths and illness from small particulate matter, but its use could also contribute to global warming.

The market’s coming up roses for trucking companies, but some company stocks are still viewed as a little high.

On top of creating a Godzilla-size footprint across the world, Amazon has also put together a string of strong quarters, 11 to be exact. How significant is their disruption into the carrier space?

Panelists from Bosch, eNow, Motiv, and Thor discussed the state of the electric truck industry and the technical and commercial challenges facing automobile electrification, especially battery technology.

Retail sales showed unexpected sluggishness in both January and December, which was revised downward.

In all, 35% of Americans will purchase flowers this year, says the Society of American Florists, totaling some $2 billion in sales, and the most of them get to their destinations via the trucks.

Surfing the web and finding what truckers and others are saying about how things are out there on the road. 

Werner Enterprises (NASDAQ: WERN), a transportation and logistics provider, is pleased to announce its collaboration with the Blockchain in Transport Alliance (BiTA), an alliance formed to ensure standardization of blockchain technology in logistics and throughout the supply chain.

The U.S. Senate confirmed Ronald Batory as administrator of the Federal Railroad Administration and Ray Martinez as administrator of the Federal Motor Carrier Safety Administration.

The Japanese shipping company revealed Tuesday that employees at its car carrier unit subsidiary in China may have “committed unlawful expenditure or embezzlement.”

The National Transportation Safety Board last week released its final report on the investigation of the El Faro, a cargo ship that sank in October 2015 during Hurricane Joaquin while […]

Lima, Penn.-based third-party logistics provider Pilot Freight Services saw its revenues rise 10 percent year-over-year to $639 million in 2017, according to a recent statement from the company.

Autonomous vehicles may be coming, but it doesn’t appear to be very soon.

A U.S. District Court in Minnesota sentenced a former Canadian Pacific Railway employee to a year in prison on Tuesday for his deliberate attempt to sabotage the company’s computer system.

Terminals operated by Yildirim Group subsidiary Yilport Holding handled 4.3 million TEUs of containerized cargo in 2017, and the firm expects to move 4.73 million TEUs this year, Yilport said […]

Short-line and regional railroad operator Genesee & Wyoming (G&W) posted a net income of $549.1 million for the year, a 289 percent increase from 2016, according to the company’s latest […]

The informal Freight Alley local social brought heavy hitters in the logistics industry to the FreightWave’s Chattanooga offices for a local meet and greet last Wednesday, February 7

Craig Fuller, Kevin Haugh, Abtin Hamadi, Tom McLeod, and Edward Ryan discussed the technological approaches to solving some of the transportation industry’s most intractable problems: the driver shortage, capacity utilization, and payment inefficiencies.

TrueNorth announced that it has joined the Blockchain in Transport Alliance (BiTA).

One unique vision for congestion improvement comes out of Georgia: a toll-free, truck-only highway running through one of the most congested corridors in the state.

Gerdin says timetable could speed up on the back of a strong freight market. 

The Index for Small Business Optimism jumped two points to 106.9 in January in an encouraging sign that the nation’s small and independent businesses have shrugged of some of the recent political turmoil in Washington and are looking forward to the expected boost in economic activity.

UPS is asking for inclusion of part-time drivers to make Sunday deliveries and also to allow use of personal vehicles in its latest demands in contract negotiations with the Teamsters, according to reports.

Xeneta is a freight rate benchmarking platform focusing on ocean freight. It aggregates rate data from various companies into a platform and provides market average rates, lows and highs to its customers.

However, the South Korean ocean carrier recorded a deeper net loss for the year, partly due to a 479.5 billion won loss in the book value of 10 containerships sold […]

Demand is poised to outstrip supply in all three segments of the international ocean shipping industry in 2018, but risks of an ill-timed “ordering spree” for new ships remain, according […]

The Hoofddorp, Netherlands-based third-party logistics provider will seek an initial public offering that would value the company at $1.5 billion by April, according to a report from the New York […]

Cashflow Corner presented by TriumphPay You’ve taken the leap and decided to purchase your own truck. Or maybe you run a small fleet and have a handful of trucks. In either case, the next challenge is upon you: maintaining those vehicles, because if a truck isn’t running, it isn’t making any money.

The Southern California seaport handled 657,830 TEUs of containers in January, 12.9 percent more than in January 2017, and an all-time high for the month.

Chicago-based freight broker and third-party provider Echo Global Logistics posted a net income of $13.3 million in the fourth quarter of 2017 compared to a $3 million loss the previous […]

The containership owner recorded a net income of $22.8 million for the quarter, a sharp increase from a net loss of $446.6 million for the fourth quarter of 2016 when […]

Net orders for North American Class 8 trucks in January 2018 jumped 28 percent from the previous month and 116 percent compared with January 2017, according to preliminary data from […]

MSC selects Terminal Investment Limited (TiL) CEO, Port of Redwood City executive director retires, the Suddath Companies appoints president of Global Logistics, and the Chartered Institute of Procurement & Supply […]

Heartland has five “sell” ratings from equity analysts, seven “hold” ratings, and one “underweight.” That has not shifted much in recent months.

President Trump issued his broad goals for infrastructure, but encouraged private investment over public

In these polarized times, one thing it seems everyone wants to see is improved roads and bridges. And to no one’s surprise, the devil is in the details.

The U.S. Energy Information Agency has released its Annual Energy Outlook for 2018, with projections to 2050. The EIA calls for massive growth in oil and LNG production and exports over the next few decades, which will be a boon for the trucking industry.

Schneider (NYSE: SNDR), a provider of transportation and logistics services, is now a member of the Blockchain in Transport Alliance (BITA).  

After several delays, Rhode Island Department of Transportation (RIDOT) workers have begun installing truck toll gantries in the state this week. The project, which will collect truck-only tolls at 12 locations in the state, is estimated to raise about $470 million in tax revenue over 10 years.

Data is a crucial resource that enables fleet managers to streamline their internal processes and GPS technology is a key part of the equation.

Though the ELD mandate has been in effect since December 2017, the compliance rates for fleets with less than 10 trucks have been low and will stay that way this year. 

Uber CEO Dara Khosrowshahi said that although his company and Waymo parent Alphabet “won’t agree on everything going forward, we agree that Uber’s acquisition of Otto could and should have […]

The Taiwanese shipping company revealed Monday that it has entered into an agreement with Shoei Kisen Kaisha to charter 12, 11,000-TEU containerships.

Upon completion of the merger of Japan’s NYK, “K” Line and MOL, the combined Ocean Network Express (ONE) will begin taking slots on three existing services between Asia and the […]

The latest projection comes as ports covered by the National Retail Federation’s Global Port Tracker handled 1.72 million TEUs of imports in December and 20.5 million TEUs for 2017, year-over-year […]

The South Korean shipbuilder posted a net loss of KRW 572.3 billion for the quarter, compared to a net loss of KRW 351.8 billion for the fourth quarter of 2016.

As capacity tightens, there are two ways fleets and shippers can go: they can add more capacity through acquisition or equipment purchases, or they can tap into existing capacity in a different way. That way might be boosting the rental and dedicated transportation markets.

The United States exported $7.27 billion worth of beef and $6.49 billion worth of pork in 2017, up 15 percent and 9 percent year-over-year, respectively.

The third-party logistics and multi-modal transportation services provider recorded a net income attributable to common stockholders of $3.3 million for its fiscal year 2018 second quarter, which ended Dec. 31, […]

The non-vessel-operating common carrier entered into a partnership with Globelink Aeroceano in Costa Rica and Guatemala, and Sicarga in Panama.

President Donald Trump’s long-awaited infrastructure proposal unveiled by the White House Monday has placed a focus on spurring more private sector involvement in projects.

We discuss our list of cities that made up our long-wait times for drivers and our methodology for how we came up with the list 

The recent Consumer Electronics Show held in Las Vegas gave Virgin Hyperloop One the opportunity to promote its vision and potential of hyperloop technology.

“We’ve spent much of this decade working with business partners to build out the cargo delivery platform our customers want and in 2018 we’re putting it to work,” said Port of Oakland CEO Chris Lytle

Washington D.C., is often credited with killing the American truck driver and their ability to work. Now, we have ELD data to prove that, in-fact, Washington D.C. is where a drivers available hours go to die! 

As the UK government battles congestion at the ports of Dover and Folkestone, a decision by the government to rent space at Manston Airfield in the county of Kent for 3 million pounds is coming under fire.

Daimler in association with Loadsmart is launching its custom digital platform for its contracted freight carriers in the U.S. to match them with the company’s spot loads.

5 days into the trial, Uber settled the Waymo lawsuit on the cheap. But who really benefits? We break down the deal here.

The complete loss of Amazon as a customer would not interrupt the ability of FedEx and UPS to continue as prosperous companies even without Amazon.

Elon Musk says 100k Tesla Semis annually by 2022; Mexican cargo theft doubles YOY; the 2019 Mercedes-Benz Sprinter is awesome; click through for the rest of today’s digest.

Shaw Industries Group, a leading global floor covering provider, has joined the Blockchain in Transport Alliance (BiTA).

With so many regulations to follow, fleets and shippers probably don’t need another reason to fret, but bribery and corruption are on the rise.

The International Maritime Organization’s Subcommittee on Pollution Prevention and Response has proposed to move forward with banning the transport of non-compliant low-sulfur fuel on board ships when the 0.5 percent […]

House Ways and Means Trade Subcommittee Chairman Dave Reichert, R-Wash., has introduced bipartisan legislation to renew the Generalized System of Preferences through 2020, after it expired at the end of […]

While spot rates from Shanghai to Europe and the Mediterranean remained relatively unchanged since last week, rates from Shanghai to the U.S. trades had declined, according to the Shanghai Shipping […]

The Thomasville, N.C.-based less-than-truckload carrier recorded a net income of $463.77 million on revenues of $3.36 billion in 2017, up 56.8 percent and 12.3 percent year-over-year, respectively.

The Southwestern Louisiana port will move forward with dredging its west barge basin after the port authority’s board approved a $1.3 million dredge contract with Coastal Dredging Co.

The cargo operation of Delta Air Lines expanded Pharma 4 to eight additional destinations, giving it 49 pharma stations worldwide, in addition to nine approved facilities in Europe that are […]

what3words has created a unique three word addressing system which can accurately pinpoint any location on earth, without the need for local street addressing. 

Blockchain in Transport Alliance (BiTA) has announced that Daimler Trucks North America (DTNA) is the association’s most recent member, including a membership on the BiTA board.

Danish shipping giant A.P. Møller-Maersk narrowed its overall loss to $1.16 billion for 2017, a year in which it divested its energy businesses and acquired container carrier Hamburg Süd.

The U.S. goods and services deficit jumped 12.1 percent to $566 billion in 2017, its highest level since 2008, according to the most recent data from the Commerce Department’s Bureau of Economic Analysis […]

U.S. Secretary of Homeland Security Kirstjen Nielsen discussed with Canadian Public Safety and Emergency Preparedness Minister Ralph Goodale how their countries can expand preclearance to facilitate lawful trade and travel […]

Jianhua “Jeff” Li had received payments totaling over $1.1 million in sales proceeds from his participation in a scheme to smuggle counterfeit Apple iPhones and iPads from China into the […]

Markets are meant to contain some volatility. While 1,000 point drops in the Dow are unsettling, it still makes for an index whose value is greater than 24,000. Such a move is only around 4% — common enough as far as such corrections go.

XPO had strong earnings for the fourth quarter. Here’s what a pair of analysts had to say about the company.

The heat map of areas affected by today’s Uber outage shows how vulnerable an Uberized freight industry would be.

Manufacturers surveyed by PricewaterhouseCoopers have been slow to implement autonomous, mobile robotics in their operations–they’re waiting for proven ROI. But they may be too focused on driverless trucks, overlooking other technologies that are closer to commercial viability.

Amazon is rolling out free two-hour delivery of Whole Foods groceries through its Prime Now service starting today.

Predictive maintenance is something that has been talked about for several years. The ability to identify when particular components might fail, or to proactively replace components before they fail based on past data trends has been referred to as the Holy Grail of vehicle maintenance.

TransRisk, our parent company, announced its rebrand as FreightWaves last night at our Chattanooga headquarters. Click through for video!

Cass Information Systems, Inc. has joined the Blockchain in Transport Alliance (BiTA), a consortium of industry leaders committed to developing standards and guiding the widespread adoption of blockchain technology in logistics.

According to a report from Tech Crunch, Elon Musk’s Tesla is preparing to test autonomous driving on a cross-country trip within 3 to 6 months.

Landstar System, Inc., a worldwide, asset-light provider of integrated transportation management solutions delivering specialized transportation services, today announced it has joined the Blockchain in Transport Alliance (BiTA).

The Owner-Operator Independent Drivers Association had requested the exemption from the electronic logging device mandate for small trucking businesses with “exemplary” safety records back in November.

Trucking companies face high insurance costs, and few are higher than new venture insurance for new carriers. Some steps can be taken to help lower that initial cost, though.