News

Reigning supreme against the current industry leader must have felt sweet. Alibaba’s market value has officially outpaced Amazon, Yicai Global reports.

The consistent rise in demand of construction equipment kept truck sales rising for Volvo. The Swedish automobile manufacturer, according to Market Watch, saw third-quarter net profit exceed expectations. Demand remained high with truck orders shooting up to 32% in the quarter.

When the Commercial Vehicle Safety Alliance (CVSA) announced in late August that it would delay out-of-service orders for ELD violations until April 1, 2018, many cheered the decision. According to Collin Mooney, executive director of CVSA, many assumed that meant officials would not enforce the ELD rule at all until April. That is simply not true.

Freight Alley is getting an infrastructure addition. In 2018, the Georgia Port Authority (GPA) will be opening its second inland port on 42 acres in Northwest Georgia’s Murray County.

Some of the most prominent stakeholders in Canada voiced their concerns over NAFTA at an event organized by the Truckload Carriers’ Association (TCA) entitled “Bridging Border Barriers.”

TMW Systems is working on blockchain-enabled products and gave a demonstration and update on how that work is progressing on Friday.

Shippers and carriers are an integral part of the freight industry and keeping them in the loop would go a long way to improving efficiency inside the system. That is the belief that the founders of Go99 are building their business upon.

A jury has awarded $15.57 million to Isaac Espinoza, who was struck by a tractor-trailer driven independent contractor Ricky Hatfield while assisting a friend on the side of I-81 north. The jury also held the broker who contracted with Hatfield partially responsible.

Foton Motor Company and Cummins have reached a deal to build a “Super Truck” for China designed to reduce fuel usage and improve productivity.

Since last week, spot container rates from Shanghai to Europe, the Mediterranean and the U.S. have all declined, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).

The Omaha, Neb.-based transportation and logistics services provider’s net income increased 19 percent year-over-year during the quarter to $22.5 million amid an improved freight market, according to Werner Enterprises’ most […]

According to the Vancouver Fraser Port Authority, the availability of large parcels of industrial land for logistics warehouses and cargo distribution centers is declining at an alarming rate.

The temperature-sensitive truckload carrier recorded a net income of $7.9 million for the quarter, falling 6.9 percent from the same 2016 period, according to Marten Transport’s most recent financial statements.

Liner carriers APL and Cheng Lie Navigation (CNC Line) will launch the Korea China Straits (KCS) service on Nov. 18, which will deploy five Panamax vessels.

Sections of the long-haul and drayage trucking communities are still unprepared for implementation of the fast approaching federal mandate to install electronic logging devices (ELDs) on all commercial trucks and […]

Fleets using ELDs say they reduce manual processes related to HOS compliance, reduce compliance violations, and improve driver and public safety. All of these benefits provide fleets another benefit: potentially lower insurance costs.

Blockchain offers a number of opportunities within freight management to improve cash flow. Pay per mile insurance coverage is one new concept, but that same philosophy can be applied to vehicle leases, perhaps changing the way fleets pay for their vehicles.

Driver costs are the highest cost for fleets, surpassing fuel for the second year in a row, according to data from the American Transportation Research Institute.

Ever since Bitcoin gatecrashed into the financial market scenes in late 2009, the technology underlying the virtual currency has had people talking. Blockchain, a ledger of records arranged in data blocks, uses cryptographic validation to link themselves together, resembling an unending chain, and it is disrupting the way FinTech market works.

Hyperloop companies have raised hundreds of millions of dollars to develop a new, high-speed form of transportation, but regulatory frameworks haven’t yet caught up with their technology.

CargoNet, a Verisk Analytics company specializing in averting cargo theft, has launched a new app to boost its theft risk identifying properties according to a Verisk press release. The company’s RouteSearch app is available to registered CargoNet members only at this time.

The Swiss-based freight forwarder recorded a consolidated profit of CHF 48.4 million (U.S. $49.6 million) and net forwarding revenues of CHF 4.1 billion during the first nine months of 2017, […]

The Class I railway has discontinued various direct lanes for intermodal freight that originated or terminated in Columbus, Ohio and Detroit, Mich. as part of its transition to new CEO […]

The Southwest Washington state port has entered into an agreement to lease its Bridgeview Terminal to Philadelphia-based commodities distributor International Raw Materials, which plans to to make Longview it flagship […]

FreightWaves has launched a new career website for professionals in the logistics and transportation space. Available at FW.careers, the site is designed for those looking for executive-level positions and for the companies looking to hire the best talent.

The supply chain stands at the crossroads of innovation, with the impact of technology felt in different micro-niches. Here is a look at some of the technologies that are showing considerable potential and looking to change the facade of freight hauling forever.

The concept of driverless trucks has recently jostled the transportation industry.  However, truck drivers everywhere may be relieved to discover that world-renowned business tycoon, Warren Buffett, is betting a fortune on their livelihoods, and sees no need to worry about an impending AI driver revolution.

General Motors has advanced its next-generation fuel cell system, which is part of its concept SURUS (Silent Utility Rover Universal Superstructure) platform that was shown last week at the fall meeting of the Association of the United States Army. Whether commercial transportation is willing to adopt fuel cell technology, though, remains a question.

C.H. Robinson will implement Omnitracs’ Virtual Load View (VLV) application as it seeks ways to improve visibility into load tracking. The system will run alongside C.H. Robinson’s own Navisphere system.

E. Hunter Harrison, president and chief executive officer of CSX, said the Jacksonville, Fla.-based Class I railway’s results for the quarter reflected “the resiliency of precision scheduled railroading.”

Class I railway Canadian Pacific’s (CP) net income for the quarter surged 47 percent year-over-year to $510 million Canadian (U.S. $408 million) amid higher revenues and volumes, according to the […]

A new deep-water port will be constructed in Anaklia, Georgia, located along the eastern Black Sea, according to the Anaklia Development Consortium.

Ports along the St. Lawrence Seaway handled 24.3 million metric tons of cargo between March 20 and Sept. 30, an increase of nearly 3 million metric tons over the same […]

DB Cargo AG CEO to resign at the end of October; LOC Group appoints CEO and group deputy chairman; and KCS names vice president, health, safety and environmental.

Paper Transport, Inc. has been accepted as a member of the Blockchain in Transportation Alliance.  Paper Transport, Inc. choose BiTA because of the alliance’s commitment to building a standard communication framework for the next generation of logistics providers.

The never-ending story of whether port truckers should be contractors or employees is facing a new battlefront as two councilmen for the city of Los Angeles have introduced a bill that would bar trucking companies from serving the ports if they use independent contractors.

Managing any small business can be stressful. The fact is many small businesses fail. The number one reason for small business failure is the lack of proper cash flow management, according to U.S. Bank. That’s why it’s so important to learn how to manage your cash when times are good. 

Hyperloop has been touted as a way to move passengers long distances quickly, but it is most likely going to find its footing first in the freight world, according to those working to develop the technology.

In an effort to ramp up its customer experience for the mobile shopper, Walmart has confirmed its relationship with search engine giant Google, Bloomberg reported, to allow customers to order goods with their voice. The company is also making it easier for consumers to return goods bought through its mobile app.

South Korean ocean carrier Hyundai Merchant Marine (HMM) will offer 120 million new shares at 5,780 won each, according to a report from the Korea Times.

South Carolina Ports Authority handled 539,995 TEUs during the first quarter of its 2018 fiscal year, which ran from July 1 through Sept. 30, up nearly 4 percent year-over-year.

Taiwan International Ports Corp. has agreed to renew APL’s lease at the Kaohsiung port terminal for an additional 10 years, the ocean carrier and terminal operator said in a statement.

BBC Chartering and Jumbo, two of the world’s largest heavy-lift vessel fleet operators, have entered into an alliance that will allow the companies to jointly bid for shipper’s cargoes.

The industrial real estate development and management firm began construction on the CenterPoint Logistics Center-O’Hare on the southern edge of Chicago’s O’Hare industrial submarket.

The refurbished 1920’s schooner Avontuur arrived in Canada after completing its first cargo voyage from France, the first oil-free commercial transatlantic voyage of the 21st century.

The St. Louis region’s barge industry has handled 500,000 tons per mile, according to the U.S. Army Corps of Engineers (USACE), making the region two-and-a-half times more efficient than its […]

A new council motion aims to direct members of city staff to review the leases of trucking and warehousing companies operating at the port, and look at the feasibility of […]

While not new to the supply chain, technology is lowering barriers and offering new opportunities for 4PLs to move in and control entire supply chains, creating greater efficiency for all involved.

Celadon Group has announced the appointment of Thom Albrecht as executive vice president – chief financial and strategy officer. Albrecht is president of consulting firm Sword & Sea Transport and a member of the TransRisk Board of Advisors.

Truck orders are about to boom, if a new industry update from Stifel is correct. The firm believes that Class 8 orders, which have been strong this year, are about to take off for the remainder of the year as many larger fleets begin ordering larger quantities of vehicles.

Sandeep Kar, one of the commercial vehicles industry’s most respected names has joined the TransRisk Board of Advisors. He brings decades of research and insights on the commercial vehicle market, along with a perspective on the impact of autonomous, electric, telematics, and blockchain technologies will have on the trucking industry. 

The original celebrity billionaire strikes once again. Once calling himself “The Rebel Billionaire,” Richard Branson has officially joined the Board of Directors in charge of Hyperloop One, The Verge reports.

Cargo demand between Asia and the Mediterranean grew 5.7 percent for the first eight months of the year, which has encouraged carriers to deploy larger ships on the trade, according […]

The North American bulk liquid storage and logistics services provider secured 339 acres of deep-water access property on the Houston Ship Channel to build the automated terminal facility.

The Swiss-based third-party logistics provider saw earnings and net turnover increase year-over-year for the third quarter and for the first nine months of 2017.

The proposed BHP facility is planned for the Port of Grays Harbor’s Terminal 3, which has over 150 acres of available uplands for development and access to Class I railroads, […]

Retail and industrial markets have added millions of square feet of warehousing space to meet the demand for construction supplies in the aftermath of Hurricane Harvey, according to reports from […]

The United Kingdom’s Secretary of State for Transport has approved a plan to install additional rail tracks to increase freight capacity at the Port of Felixstowe, the port announced on […]

Chicago-based freight visibility software provider FourKites has integrated with RevenovaTMS to extend its real-time tracking offering to Revenova’s customers.

The three-way partnership will provide foodservice distribution services for over 850 KFC restaurants in the United Kingdom, according to a statement from global parcel carrier and third-party logistics provider Deutsche […]

The Port of Seattle names managing director, maritime division; and GE appoints new chief executive officer of GE Transportation.

Seasonal surges in cargo demand, along with wildfire risks in California, have increased dwell times and slowed rail operations on the U.S. West Coast, according to an advisory from ocean […]

Memories of the Randall Park Mall, once the largest mall in the United States, came back to life in Ohio after Amazon announced it will build a new fulfillment center on the location in North Randall, OH. It is one of 35 fulfillment centers in Amazon’s pipeline, Business Insider reports.

A lot of facts and figures get thrown out by startups in the trucking space. Its important to understand whether these facts are credible or not. 

Bitcoin is super-hot and has fended off any real threat to its meteoric rise. We examine what has fueled this factor and how it impacts the viability of blockchain in the logistics sector. 

Cross border delivery of items ordered online in China is now possible due to new train service available from site Kaola.com. An e-commerce company backed financially by Netease, Kaola.com ran its first train of products into Chongqing’s Lianglu Cuntan Free Trade Port Area, Yicai Global reports.

Coyote Logistics, a UPS company and leading global third-party logistics service provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA).

In the past 24 hours, President Donald Trump has issued an executive order that could allow small businesses and individuals to purchase insurance through association health plans, which would be sold across state lines and not have to conform to Affordable Care Act (ACA) regulations.

A new report says the U.S. will lose 50,000 auto parts industry jobs if the country pulls out of the North American Free Trade Agreement (NAFTA), according to Reuters.

Used-truck prices are down slightly this year and some fleets looking to trade in their vehicles may be finding the residual value they expected to get when they acquired these trucks in 2013/14 are just not there right now.

One of the primary problems plaguing the conventional freight industry today is the lack of affordable track-and-trace providers in the market that can provide real-time visibility to shipments. FreightTracer, a startup from Texas, is providing its customers real-time visibility into all their shipments – anytime and anywhere across any carrier.

James Hoffa, Teamsters’ president, doesn’t want anyone to forget the safety of trucks operating on American and Canadian roads. In an op-ed piece for The Detroit News, Hoffa noted that Teamsters chapters in the United States and Canada have joined forces to push an initiative for policy changes that will be beneficial for safety.

Meanwhile, ExxonMobil recently released a survey illustrating how the route to compliance with the International Maritime Organization’s 2020 limit on the amount of sulfur allowable in marine fuel is still […]

The Port of Oakland posted record operating revenues for the fiscal year, which ended June 30, thanks to higher operating revenues in all three of its business lines – aviation, […]

Spot container rates from Shanghai to Europe have been continuously declining since the end of August, while on the Shanghai to Mediterranean trade, they have been falling since the end […]

UPS is enhancing services in 20 cities across China to provide greater, faster service coverage for Chinese exports, the parcel carrier announced Tuesday.

The first Boeing 777 freighter of Qatar Airways Cargo’s newest U.S. destination landed in Pittsburgh International Airport on Thursday and promises twice-weekly service with 200 tons of weekly capacity.

The chassis leasing company extended its Inland Premium Pool, a reservation-based supply of premium DCLI chassis equipment that was first launched in Los Angeles/Long Beach, to the south side of […]

FIATA announces election results; Saltchuck selects Young Brothers president to lead its Hawaii business initiatives; and the Transportation Institute at the University of Denver’s board of directors elects new chair.

E. Hunter Harrison, president and chief executive officer at CSX, said during a hearing Wednesday that the Class I railroad has improved performance, but various shippers at the hearing expressed […]

On Wednesday night, President Donald Trump talked about his administration’s tax plan at an event at an airport hanger on the Pennsylvania Air National Guard base in Harrisburg, PA. Here is the official, unedited transcript of the speech provided by the White House:

President Donald Trump took his case for tax reform to the American people on Wednesday night – specifically the trucking community – at an event in Harrisburg, PA.

The second largest e-commerce player in China has sealed the deal and will deploy the first automatic delivery vans to operate on the mainland. JD.com has confirmed the partnership deal made with Chinese automobile manufacturers Dongfeng Motor Corporation and Shanghai-based SAIC Maxus, China Daily reports.

After first acknowledging it was a developing a fuel-cell powered heavy-duty truck in the spring, Toyota is now set to unveil its Project Portal truck to the public through a demonstration program at the Port of Los Angeles that starts Oct. 23.

While the Federal Motor Carriers Safety Administration (FMCSA) has issued an exemption to the electronic logging device (ELD) rule for certain rental vehicles, the exemption has opened up several questions, including whether there is a potential loophole in the rule.

The deadly wildfires raging in Northern California regained their vigor on Wednesday as winds picked up and helped spread fires, threatening historic Sonoma County wineries. The fires have left at least 17 people dead and more than 2,000 buildings destroyed. They are also impacting shipping in the region.

President Donald Trump spoke to a group of truck drivers and carriers on Wednesday in Middletown, Pa. about the benefits of his tax reform plan, which is backed by strong […]

The new 20,000-square-meter facility, located in Taanayel, Lebanon, can store up to 1,000 empty 20-foot equivalent (TEU) containers, according to French ocean carrier CMA CGM.

Indiana Gov. Eric Holcomb appoints members to Ports of Indiana Commission, and VARGO hires a quality assurance and support professional.

As trade negotiators for the United States, Canada and Mexico are meeting this week to begin the fourth round of the North American Free Trade Agreement (NAFTA) renegotiations, industry leaders […]

Until Hurricane Maria slammed into Puerto Rico, few people had ever heard of the Jones Act. Now, armed with a basic knowledge, many are wondering if the Jones Act is actually harming the U.S. and whether lifting it might benefit shipping and logistics in this country.

While legislative wheels are starting to turn, there is little reason to expect major movement on any infrastructure bill in 2017. The most optimistic timelines being floated on Capitol Hill call for the law to be signed in 2018, with funds released in 2020.

The Federal Motor Carrier Safety Administration (FMCSA) has granted a waiver to the Truck Renting and Leasing Association (TRALA) that will exempt all commercial rental vehicles from the electronic logging device (ELD) rule for drivers using a “property carrying commercial motor vehicles (CMVs) rented for 8 days or less.”

With the freight marketplace widening exponentially every year, the growing communication divide in the community is also significantly felt. Fr8Hub, a digital freight marketplace startup is looking to improve peer-to-peer interaction by creating transparency and injecting efficiency in freight hauling.

Ports covered by the National Retail Federation’s (NRF) Global Port Tracker handled 1.8 million TEUs in August, the highest monthly volume recorded since the NRF began tracking imports in 2000.

A farm consortium consisting of short-line and regional railroad operator Genesee & Wyoming Inc. and Bluegrass Farms of Ohio will continue to own the facility and will operate it on […]

The Danish shipping conglomerate on Tuesday completed the sale of its shares in its Maersk Tankers subsidiary to APMH Invest, a subsidiary of A.P. Moller Holding.

The Arleigh Burke-class guided-missile destroyer’s commanding officer and executive officer were relieved of their duties Wednesday, following its collision with a merchant vessel on Aug. 21, which claimed the lives […]

Christopher Victor Grupe, a former employee of Canadian Pacific Railway (CP), has been convicted of causing intentional damage to the railroad’s computer system, according to a statement from the U.S. […]

iContainers names director of sales and operations of its Barcelona office; and ShipServ appoints senior vice president, business development.