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Conditions are still not satisfactory for rail shippers, even after the Agricultural Transportation Working Group sounded the alarm on what they call problematic and deteriorating rail service provided by the one of the nation’s four major rail carriers.
The Environmental Protection Agency’s (EPA) SmartWay program has recognized 48 carriers, retailers, manufacturers and logistics companies with its SmartWay Excellence Awards.
The Republican tax plan has officially been unveiled, and it includes a permanent corporate tax rate cut from 35% to 20%. The $1.5 trillion plan also includes the shrinking of the number of tax brackets to just four and eliminates the alternative minimum tax. It does not change the pretax treatment of 401K plans, as had been discussed previously.
With less than two months left before the ELD mandate goes into effect, statistics coming from ground zero on the compliance of carriers to the proposed rule are far from satisfactory.
With no agreement to diffuse the long-running trade battle between the United States and Canada over softwood lumber, the U.S. Commerce Department said it will proceed with imposing antidumping and […]
Carrier consolidation and the deployment of larger containerships, coupled with lagging infrastructure has created significant issues for North American terminals, according to a new report from consulting firm AlixPartners.
Spot container rates increased on trades from Shanghai to the United States, Europe and the Mediterranean since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The PortMiami Perishables Committee, which represents the region’s bustling fruits and vegetable import industry, has asked the nation’s top agricultural official to intervene in turning back significant federal treatment fee […]
The third-party logistics provider saw its net profits drop despite revenues increasing 12.8 percent as it absorbed debt and expenses from recent acquisitions.
Given a shift in focus to include growing partner government agency (PGA) controls, perhaps the term “customs broker” has become a misnomer in terms of the realities of the job, […]
Less-than-truckload (LTL) holding company YRC Worldwide Inc.’s net income tumbled 78 percent from the third quarter of 2016, although the company did manage to boost revenues and lower its outstanding […]
The U.S. Federal Maritime Commission (FMC) has set up a new page on its website to provide the public with updates on its regulatory reform initiative.
Maersk Container Industry selects new chief executive officer; Glander International Bunkering appoints managing director of its Norway office; and Gebrüder Weiss names country manager, air and sea Germany.
The more individuals participating in a marketplace, and the more money that is being transacted in that marketplace, the more predictive that marketplace becomes. That’s why trucking remains one of the best indicators of economic activity. Here is what the weekly DAT Barometers for dry van, reefer, and flatbed are saying.
This is what being “deep in production hell” looks like. Yesterday Tesla reported wider-than-expected losses of $671M for the third quarter, the largest quarterly loss in the company’s history, which comes right on the heels of a $336M loss in Q2.
Sayfullo Saipov, the 29 year old Uzbek immigrant who has been charged with using a Home Depot rental truck to kill 8 people in Manhattan on Wednesday, was a CDL holder who had attempted to start multiple trucking companies in the U.S.
The Alliance for Driver Safety & Security, aka the Trucking Alliance, has adopted four technologies that the AAA Foundation for Traffic Safety says is critical to reducing large truck crashes.
C.H. Robinson, a world-leading third-party logistics (3PL) provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA) to influence the development of blockchain standards and applications in the transportation business.
Using onboard video cameras can not only reduce risky driving behaviors, they can also lead to a significant decrease in insurance premiums, with one fleet reporting it saw its insurance premiums drop 55%.
An FMCSA pilot program to study the impacts of allowing drivers more flexibility in determined when they rest is being welcomed by many in the industry.
Former Tesla shareholder Daimler seems intent on upstaging the upstart with its own electric truck program, reports Bloomberg. Weeks before Tesla is set to unveil its own electric vehicle, Daimler introduced its own model, the E-Fuso Vision One.
The Jacksonville, Fla.-based Class I railway will not be moving forward with a project that would have allowed the tunnel, which connects to the Port of Baltimore, to accommodate double-stacked […]
Driven by top line sales growth and a booming e-commerce market, the roll-up trucking and third-party logistics provider reported the highest revenues, net income and cash flow of any quarter […]
The National Waterways Foundation (NWF), in cooperation with the U.S. Maritime Administration (MarAd), released a study that examined the economic impacts of unscheduled lock outages and highlighted the benefits associated […]
The terminal and port services provider subsidiary of Watco Cos. has also signed a deal with the Port of Catoosa for sole operation of the main dock at the Oklahoma […]
E-commerce giant Amazon currently has operating fulfillment centers in three other Georgia cities: Jefferson, Lithia Springs and Union City.
The Port of Oakland’s board of port commissioners names board secretary; and Selandia Ship Management appoints chairman.
Trucking operators may soon turn to a computer program to send drayage trucks to and from port terminals and elsewhere.
Riskpulse, the leader in providing weather risk analytics for supply chains, has issued a retrospective report discussing how they advised their customers during the historic 2017 hurricane season.
Arrive Logistics, a top 75 U.S. transportation brokerage, headquartered in Austin, Texas, announced today they have joined the Blockchain in Trucking Alliance (BiTA). Arrive Logistics is the fastest growing freight broker in the United States.
Unlike in the United States or Europe, shipping across Brazil is a hassle since there aren’t a lot of comprehensive cross-country providers with transparent processes for pricing, standards and tracking mechanisms. Intelipost is set to change that by providing SaaS solutions for managing logistics providers under one roof.
Even with rates rising – both contract and spot – and capacity tightening, attracting drivers still remain a primary concern for fleets. Driver pay is increasing, but outside influences are still hurting the recruitment efforts.
Two bills introduced in the U.S. House last week could potentially change the classification of port truckers, requiring them to become employee drivers.
P.B. Industries (PBI) has joined the Blockchain in Trucking Alliance (BiTA), an Alliance to create a common framework in order to assist members and industry participants with their organization’s decision to develop and adopt blockchain technology.
The United States Postal Service (USPS) has reduced accidents 7% in New York since implementing a driver training program using virtual reality, according to Work Truck Online. The program, delivered by Virtual Driver Interactive (VDI), is called Virtual HD and has been used by USPS since 2015.
During an Oct. 30 hearing, members of the House Committee on Homeland Security received testimony regarding port security from representatives of the Department of Homeland Security, U.S. Coast Guard and […]
Total intermodal volumes increased 6.3 percent during the third quarter of 2017 with the seven high-density trade corridors tracked by IANA collectively up 5.2 percent, according to recent statistics from […]
Container carrier reliability stood at just over 72 percent in September, marking the third straight month of declines, according to Lars Jensen, chief executive officer and partner at SeaIntelligence Consulting.
The Hong Kong-based containership leasing giant has also appointed Bing Chen to serve as its next chief executive officer, effective January 2018, following the retirement of co-founder and longtime CEO […]
Jack Hellmann, chairman, president and CEO of short-line and regional railroad operator Genesee & Wyoming, said the company is continuing to evaluate various acquisition and investment opportunities across its global […]
Seaspan names new chief executive officer; Wen-Parker Logistics appoints key account manager and director of finance; and ContainerPort Group President passes away.
Rolls-Royce envisions a future of autonomous cargo and naval vessels controlled from futuristic shore facilities. Click through to watch their sci-fi style film about how a Finnish shore control center responds to losing contact with one of its ships.
DAT Solutions has joined the Blockchain in Trucking Alliance (BiTA). The Alliance is promoting blockchain technology and standards in the transportation industry. DAT operates North America’s largest digital freight marketplace.
FleetPal is looking to help smaller businesses with a comprehensive directory for truck maintenance solutions. “The idea of FleetPal is to bring everyone together on a single platform – the truck repair vendors, truck parts vendors, fleet owners, and the drivers themselves,” says Milko Valnev, co-founder.
Agriculture industry representatives are still waiting for a response from the U.S. Department of Transportation regarding a delay for agricultural carriers concerning electronic logging device (ELD) rule enforcement.
Heightened tensions in the South China Sea over territorial disputes threaten $5T in shipping and $1.2T in US-only imports and exports.
Chances are pretty good you got into trucking to make money. Some carriers, though, continue to suffer through lean year. They are always running short of money, and can never seem to get ahead. Their problem may be their hauling rate.
FTR’s Shippers Conditions Index (SCI) took a tumble in August, the firm said, dropping to a negative 6.7 reading. Most of the decline was due to the short-term fuel cost increases because of disruptions due to Hurricane Harvey.
There are some things that money can’t buy. For everything else, there’s Mastercard even for blockchain as reported by ZDNet. This opens up new opportunities for merchants and financial institutions alike to apply this technological trend to their own e-commerce-related foray into cloud-based solutions.
The U.S. Army Corps of Engineers has awarded a second $213 million contract to Great Lakes Dredge and Dock Co. to carry out the remaining dredging of Charleston Harbor’s entrance […]
In other news, China COSCO Shipping’s tanker unit, COSCO Shipping Energy Transportation, will order 14 tankers, according to a report from maritime news outlet Splash 24/7.
The $10 million gateway facility at O’Hare Northeast Cargo Center joins DHL’s two other Chicago facilities as the German forwarder expands its operations in the U.S. Midwest.
NYK Line and “K” Line got back into the black during the six months ended Sept. 30 after posting losses in the same 2016 period, while MOL’s earnings took a […]
Californians are about to see huge increases in the fuel taxes they pay at the pump. California’s Road Repair and Accountability Act of 2017, was signed into law by Gov. Jerry Brown (D) in April and will begin taking effect this Wednesday with a 12 cent jump in the gasoline base excise tax and a 20 cent spike in the diesel fuel base excise tax.
Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestlé, Tyson Foods, Unilever and Walmart are teaming up with IBM Blockchain to identify vulnerabilities in the food supply chain in order to prevent the effects of tainted food before they occur.
eCapital, a leading supply chain financial services provider, announced today that it has been selected as the newest member of the Blockchain in Trucking Alliance (BiTA). BiTA was formed by experienced tech and transportation executives to create a forum for the development of blockchain standards and education for the freight industry. View member companies here.
Last Friday afternoon, Stifel Financial Corp.’s John Larkin hosted a conference call with Blockchain in Trucking Alliance (BiTA) Founder Craig Fuller, President Chris Burruss and 228 industry participants to discuss how BiTA will work as a forum to create standard protocols and procedures for supply chain participants as the industry shifts to blockchain over the next 3-5 years.
In the tussle to improve conditions of the freight marketplace for both the carrier and shipper community, a lot has been left to be desired for the truck driver fraternity. A community-driven application named Road Hunter is now trying to take center stage – helping truckers on the road with essential information on truck stops, fuel stations, repair shops, and even weather updates.
The trailer portion of EPA’s Phase 2 greenhouse gas regulations will be on hold following a federal appeals court hearing on Friday. The court, with the support of EPA which did not challenge the ruling, stopped implementation of the rule that affects trailers.
Between Amazon’s rapid growth and unpredictability, third-party logistics providers say it is definitely a looming concern as to whether the e-commerce giant will be a threat to their business in […]
The North Atlantic port handled 573,458 TEUs in September, a 15.2 percent increase from 12 months prior, back when 18,000-TEU ships were not able to sail beneath the Bayonne Bridge.
Germany’s Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operator Deutsche Bahn, could be taken up again, […]
Chicago-based freight broker and third-party provider Echo Global Logistics recorded a net income of $2.4 million on revenues of $509.5 million for the quarter, according to the company’s most recent […]
The Jacksonville, Fla.-based asset-light provider of integrated transportation management solutions recorded earnings per share (EPS) of $1.01 for the quarter, surpassing the street consensus estimate and Q3 2016’s EPS of […]
The North Liberty, Iowa-based trucking and logistics provider recorded a net income of $7.9 million on revenues of $182.1 million for the quarter, according to the company’s most recent financial […]
Airfreight wholesaler Air Menzies International will utilize Crowley Logistics’ CrowleyFresh refrigerated warehouse as a consolidation center, while Crowley will also provide truck delivery and pre-screening services for export cargo.
The Lake Oswego, Ore.-based railroad transportation equipment manufacturer’s revenues for its fiscal fourth quarter, ending Aug. 31, 2017, increased 39 percent from the previous quarter while fiscal year revenues dipped […]
In order for the current short-term bounceback in the container market to turn into a true recovery, carriers must stop ordering new larger vessels and continue high levels of ship […]
One of the largest financial exchanges in the world has partnered with DAT and Chattanooga-based TransRisk to launch a futures contract based on trucking spot rates. The venture brings together the benchmark pricing index with one of the largest financial exchanges in the world.
The recent run up in bitcoin price has not kept the critics at bay. One thing that most agree is that blockchain technology, the underlying technology of bitcoin, promises real-world applications and game-changing outcomes.
Penn State issued its 22nd annual 3PL study and the overriding theme was about the importance of data transparency in the supply-chain. Shippers are demanding more transparency in all of their vendors, but since logistics is the life-blood of a supply-chain, 3PLs must accelerate their investments and offerings for shippers.
The future of transportation is not found in Silicon Valley or Detroit. Singapore will lead the next century of transportation innovation.
Thanks to the emergence of e-commerce retail platforms through increased online purchases, retail websites may be selling similar products, but the online retailer that can get items delivered to their customers the quickest with the lowest shipping cost possible usually wins, The Loadstar reports.
Stifel sees stable, strong market fundamentals across transport. Click through for a recording of Stifel’s Friday afternoon BiTA conference call.
Founded with the purpose of addressing volatility for brokers, carriers and shippers in major shipping lanes through risk-management solutions, TransRisk is one step closer to doing just that. The company, along with DAT Solutions and Nodal Exchange jointly announced an agreement to develop, market and list the first and only trucking freight futures and options on futures contracts.
Winter is coming. The National Weather Service is call for several inches of snow to blanket Minnesota, Wisconsin, and parts of the Dakotas this weekend, with over 90% confidence.
For the past 15 years, if a carrier needed some assistance getting over a rough time financially, there has been help available from lenders who specialize in transportation finance. One of those companies is Marquette Transportation Finance, which just surpassed a milestone of sorts: It’s lent more than $15 billion to companies large and small.
One of the early pioneers of aerial drone use in agriculture is now looking to grow his business in more ways than one. Steve Edgar, founder of Empire Unmanned, is investigating the Pocatello Regional Airport in Pocatello, Idaho, for future use as the first-ever unmanned air-freight hub.
Trucking companies that have not installed electronic logging devices (ELD) are in a race against time to get them installed on their trucks before the Dec. 18 deadline. Omnitracs and Samsung Electronics are giving drivers another option to meet the regulation, according to Reuters.
In its simplest form, the electronic logging device (ELD) mandate is designed to replace paper logbooks to better track drivers’ Record of Duty Status (RODS) and ensure compliance with hours-of-service (HOS) requirements. In theory, these rules help improve driver safety and reduce fatigue, but fleet managers can’t expect the rule to eliminate driver fatigue.
Cargo and passenger vessels on the high seas face a multitude of threats and risks that affect decision-making, from delays at canals to illegal migrant traffic, major weather events, and even disease outbreaks. A new emergency notification system is hoping to reduce those dangers.
The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index dropped slightly in September, falling 0.9%. ATA also revised its August Index down to a 4.7% gain from a reported 7.4% increase.
On the Shanghai to Europe trade, spot container rates have finally stopped their weeks-long slide, rising 9.3 percent since last Friday to $744 per TEU as multiple carriers plan to […]
The Class I railway recorded a net income of $1.2 billion for the quarter, up 6 percent year-over-year, amid a 5 percent boost in operating revenues that came despite a […]
Global Logistic Properties (GLP) has dispatched to shareholders the scheme document in relation to the company’s proposed privatization and expects a full vote on the plan at a Nov. 30 […]
Sen. Bob Corker, chairman of the U.S. Senate Finance Committee, said it’s time to dismantle the longtime regulation that requires at least 50 percent of the nation’s overseas-bound food aid […]
The departments of Commerce and Homeland Security have entered an agreement to work together to facilitate international e-commerce and strengthen enforcement of U.S. customs laws related to these shipments.
Senate Finance Committee Chairman Orrin Hatch called acting Customs and Border Protection Commissioner Kevin McAleenan “one of the best witnesses to come before the committee in a long time” and […]
China COSCO Shipping’s port terminal operator arm increased profits 53 percent for the quarter as throughput and revenues rose from the third quarter of 2016.
Trump clears regulations for commercial drone flights in the US, ushering in a new age of airfreight drones.
Hyliion announced the availability of its tractor electrification system at the American Trucking Associations’ MCE show in Orlando this week. The system uses regenerative braking to collect energy and store it for later use by the tractor.
If you live in an apartment complex you know. Packages pile up in stairwells, landings and hallways. You especially know which of your neighbors avidly use their Amazon prime memberships. Amazon is now building delivery solutions designed for this scenario.
There is no requirement for cargo insurance, but that doesn’t mean you shouldn’t have it. As you search for motor truck cargo insurance, you will find various plans at various price points. Like those homeowner’s policies, no two are the same. So how do you know what you should be looking for?
The process of matching freight is complicated – with many parameters involved in exploring thousands of different possible combinations in real time and in identifying the best possible match to the parties involved. TGMatrix, a startup based out of Oxford in the United Kingdom, is working on creating an intermodal freight matching engine.
McKinsey & Company has issued a landmark report predicting sweeping changes amid steady growth in the container shipping industry over the next 50 years.
Ontario-based Geotab has been collecting data and helping fleets solve operational challenges for years. It is now hoping to broaden its customer base even further thanks to its latest offerings.
Class 8 same dealer used truck sales volumes rose by two dozen units in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
The purchase of 72,000 53-foot chassis from rival TRAC Intermodal expands Direct ChassisLink, Inc.’s (DCLI) asset base as the company builds a single platform to manage marine and domestic chassis.
The increase in net income at the Norfolk, Va.-based Class I railroad was driven primarily by an 11 percent rise in income from railway operations, according to Norfolk Southern’s most […]
The integrated freight matching and transportation execution platform that originally launched for carriers and shippers has expanded to include third-party logistics providers (3PLs) and brokers.
