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Amazon wasted no time in starting a pricing war in the grocery business. Like the book retailers and other categories that Amazon has entered- they have proven that this strategy builds consumer loyalty and lays to waste the competitors that dominate those markets
The trucking group Trucking Moves America Forward (TMAF) has officially chosen a name for its mascot. And it, as announced by TMAF co-chairman Kevin Burch, went for a name that would reiterate the group’s main initiative – Safety Sammy.
Blockchain is expected to be a massive part of the economy in the near future- but what exactly is blockchain and why should I care? FreightWaves takes a look at this emerging technology.
Grain supplies have been trending up in the U.S. as prices have remained relatively stable, causing farmers to hold onto their crops longer hoping for a boost in prices. Hurricane Harvey, though, is making the situation worse as grain exports have nearly stopped.
Just as the nation recovers from Hurricane Harvey, there is another tropical system brewing that has the potential to impact the U.S.
Is a trailer just a box on wheels or potentially a portable battery charger? That is one of the questions that could be answered through the continued innovation of commercial vehicles.
Blockchain is predicted to radically change the financial services sector. Deloitte Tweeted that 10% of global GDP will be stored in blockchain. For companies like Deloitte, staying ahead of the curve in blockchain technology is paramount. But what about for logistics companies?
The Port of Houston is expected to open today after shutting down operations last Friday ahead of Hurricane Harvey.
The U.S. Gulf Coast region’s supply chain was back in motion on Friday, as ports and rail lines resumed operations, truck gates opened and vessels berthed with limited channel restrictions.
The third-party logistics provider has expanded its global forwarding footprint with the acquisition of Canadian forwarder Milgram & Company Ltd.
The Shanghai Containerized Freight Index fell 3.5 percent from last Friday to a reading of 707.68, declining for the second straight week as the short-term boost after Hanjin Shipping filed […]
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
The Justice Department said 53-year-old Chinese citizen, Fuyi “Frank” Sun, received a three-year prison sentence for violating IEEPA in relation to an illicit scheme to export high-grade carbon fiber to […]
The parcel giant on Monday introduced the free online tool that allows e-commerce merchants to customize return shipments according to their own policies.
Port of Virginia names director of ocean sales; C.H. Robinson hires finance director, Europe; Jettainer appoints director of operations; and MetroGistics hires vice president of business development.
A major pipeline supplying diesel fuel from Texas to the East Coast has had to be shut down with no indication of when it will be turned back on.
TransRisk, a pioneer of solutions designed to allow transportation industry participants to efficiently manage price risk in the North American freight transportation market, has added nationally recognized transportation markets leader Donald Broughton to its team.
There is growing talk of a possible bill in Congress that would kill the upcoming electronic logging device (ELD) rule that goes into effect on Dec. 18 of this year due to the cost to individual truckers, sources have told FreightWaves.
There remains plenty of industrial activity to support continued strength for the general economy and freight demand in particular, says Jonathan Starks of FTR, in the firm’s August market analysis.
Honeywell and Intel have collaborated on a new solution that is designed to identify potential damage to cargo while in transit, allowing time to possibly re-position that cargo to prevent further damage.
Hyundai Merchant Marine will acquire two 11,000-TEU containerships from Hanjin Heavy Industries & Construction’s Subic Shipyard, as well as five very large crude carriers built by Daewoo Shipbuilding & Marine […]
TRAC Select, which was launched in February, is a premium chassis pool fleeted with an array of specialty chassis and services aimed at meeting specific customer needs.
The Canadian port is equipped to handle the largest containerships in the world thanks to the expansion at Fairview Container Terminal, giving the terminal a second berth and three Malacca-max […]
The U.S. Department of Agriculture’s new Sanitary Transportation of Human and Animal Food rule applies to shippers, receivers, loaders and carriers who transport food in the United States by motor […]
Software-as-a-service firm Narvar said the acquisition of GoPigeon will play a key role in advancing its global product development and seeding its market position in the Asia-Pacific region.
The new IATA FIATA Air Cargo Program (IFACP) is replacing the existing Cargo Agency Program and will be rolled out globally following the Canadian pilot.
A blockchain is an always-growing collection of linked data that is secured cryptographically, with each block resistant to data modification, including outside cyberattacks.
The Hong Kong-based third-party logistics provider recorded net earnings of $576 million Hong Kong on revenues of HK $13.7 billion for the first six months of 2017, year-over-year increases of […]
International technology group Körber is gaining a stronger foothold in the United States, and an advanced software platform through the acquisition of supply chain management software provider HighJump, the companies […]
Procure-to-pay solutions provider JAGGAER formed a partnership with transportation management solutions provider Haven, enabling JAGGAER’s customers to manage the shipment of their goods across the globe.
The Florida Ports Council elects chairman, vice chairman, and secretary and treasurer; the APP names president; Truckstop.com appoints chief commercial officer and chief relationship officer; and Gebrüder Weiss reveals executive […]
The Shippers Conditions Index has improved slightly in August, although it remains in negative territory, according to the latest update from FTR. At the same time, DAT reported a decline in capacity last week on the spot market, which occurred before Hurricane Harvey struck Texas.
It seems as though all new platforms these days feature two common denominators – create transparency and streamline processes. Many of them are now being developed with blockchain.
Harvey is the kerosene to accelerate the trends towards a major capacity crunch in the truckload industry. With as much as ten percent of capacity being impacted, combined with surpluss demand coming from relief and rebuilding- the truckload market capacity is expected to be super tight
Looking ahead, ZIM’s primary focus will be on profitability, and the Israeli ocean carrier will focus on markets where it has a competitive advantage, said Eli Glickman, the carrier’s president […]
As of June 30, 2017, COSCO SHIPPING International, the investment arm of China COSCO Shipping, had net cash of HK $6.42 billion, which it said will provide strong capital support […]
Ship and dockworker unions are protesting a decision by Liberty Maritime to employ deck and engineering officers from the AMO to operate its newest U.S.-flag ship, rather than using those […]
The logistics software provider has formed a partnership with Vitti Logistics to provide the third-party logistics provider’s customers with real-time freight tracking across Mexico.
Cummins has unveiled a Class 7 electric powertrain that will power Class 7 trucks by 2019 and could recharge in as little as 20 minutes.
The Government Accountability Office (GAO) has recommended that U.S. Customs and Border Protection (CBP) take a more holistic approach to its compliance oversight of the nation’s sprawling foreign trade zone […]
Convey, a supply chain visibility and communication company, has secured $8.25 million in Series B funding from Techstars Venture Capital Fund, RPM Ventures, and other investors in a round of funding just announced.
As Texans come to grip with the impact of Harvey on their lives- we examine the impact of the storm on the freight markets. Harvey relief demand is expected to be enormous and will likely dwarf the truckloads sent to help in Katrina efforts.
As efforts to delay implementation of the electronic logging device rule continue to flounder in Congress, opponents have received an olive branch from CVSA. The group says that while it will enforce the ELD mandate on Dec. 18 as planned, out-of-service orders will not be issued until April 1, 2018.
While recovery efforts are still ongoing in many areas, the nation as a whole is about to feel the impact of Hurricane Harvey through increased fuel prices.
Driver-facing cameras are a controversial topic. Many drivers hate them, but at G&P Trucking, the company has implemented them and had success through an educational program that helps drivers understand why they are important.
Once revered as one of the top trucking companies in the nation, Celadon Group has hit a rough patch in 2017. But there is a new leader with a new vision, and that’s to make Celadon a top carrier once again.
22% of all freight hauled in the US is food and food related products. Brokers are now liable for ensuring that the carriers they use are compliant with new safety regulations and have been vetted properly.
With operations suspended through Wednesday for many areas, and longer for others, analysts have estimated that freight rates will spike as cargo transport will be affected for up to the […]
China COSCO Shipping’s port terminal operator arm’s profits attributable to equity holders of the company skyrocketed 123.7 percent year-over-year during the first half of 2017 to $384.7 million.
The North Atlantic port handled 576,947 TEUs in July 2017, an 8.4 percent increase from the same month a year ago, according to recent data from the Port Authority of […]
The Maritime and Port Authority of Singapore and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan will helm a group studying the […]
Politicians on both sides of the aisle have agreed on the importance of infrastructure improvement projects for the better part of a decade, but agreeing on how to fund such […]
Even as the industry steps up to help, dedicating thousands of trucks and millions of cubic feet of capacity to relief efforts, an analysis from FTR says that approximately 7% of the industry has been affected already and some of that will be affected for weeks.
The new Uber CEO has his work cut out for him. Few know what his take on Uber Freight is and whether the aggressive expansion will continue. Regardless, the digital freight era is upon-us and should they leave the market, others will take its place.
Sandeep Kar, a noted industry expert and frequent keynote speaker at industry events and resource for leading industry publications, has joined Fleet Complete as its chief strategy officer.
How did the solar eclipse last week affect the trucking industry? New data from Lytx tries to some numbers behind the event.
While the third quarter may be a slow time for contract renewals between carriers and shippers, a few deals have been done so far and the early indications are contract rates are heading up.
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has awarded more than $4 million in grants for a handful of hazardous materials training programs.
Uber selects Expedia CEO as its next CEO to replace founder Travis Kalanick
The storm made landfall as a category 4 before dropping down to a category 3, causing massive flooding and damage that has lead to service delays and temporary closures at […]
It was on this date in 1907 that two teenagers named Jim Casey and Claude Ryan, armed with a $100 loan, created the American Messenger Company. That business, started in a basement in Seattle, has grown into a nearly $50 billion package delivery giant.
Texas’ largest grocery store chain responds to disaster with a convoy of specially outfitted trucks and trailers to deliver relief food, medical supplies, and dry-goods.
While Harvey may no longer be a hurricane, its flooding rains are expected to continue for days, causing major disruptions to travel and shipments in the state.
With consumers buying more online and more based on promotions, it has become less about brand loyalty and more about the benefits earned from digital purchases. All that is left is for shipping companies to provide app-assisted delivery.
One of the worst storms to hit the US ever. Heavy flooding expected. Shipments affected but major disruptions expected over the next few weeks.
The Federal Motor Carrier Safety Administration has suspended certain commercial regulations in Texas and Louisiana, including hours of service, for drivers providing “direct assistance” for hurricane relief under regulation 49 CFR 390.5.
Graphics processing unit (GPU) manufacturer Nvidia has invested into automated trucking company TuSimple, TechCrunch reports.
The time has arrived as the Texas coast braces for the nation’s first major hurricane landfall in 12 years. Hurricane Harvey was upgraded this afternoon to a Category 3 hurricane with winds of 125 mph. According to Riskpulse, the forecast track has remained consistent, with landfall later tonight near central Texas.
After Hurricane Harvey departs Texas, the area will likely be in need of relief supplies. Trucks will haul those supplies. but how are the logistics of moving relief supplies handled? Someone who was involved in that process explains.
At a cost of $4 billion, the new Tappan Zee Bridge has officially opened in New York City. Technically, one span of the bridge – four lanes open to westbound traffic – opens tonight with the second span scheduled to open in the spring.
The never-ending mystery over what kind of truck Tesla is building may have moved one giant step closer to being solved on Thursday when it was revealed the electric truck will likely have an operating range of 200 to 300 miles.
Singapore might be world’s smartest city. When you think of tech, you reflexively picture Silicon Valley. While Palo Alto may reign in the west, a tiny island nation of 5.6 million leads the east… and it’s turning to blockchain.
The National Association of Manufacturers took to the airwaves this week in South Carolina, South Dakota and Nevada, urging citizens of those states to contact their senators to oppose Scott […]
The New York Shipping Exchange (NYSHEX) has secured a Series A round of funding for $13 million, according to a press release. The company has developed the first digital forward freight contract for global container shipping.
Although the deal is still subject to regulatory approval, Williams Lea Tag’s operations and assets are expected to transfer over to Advent International by the fourth quarter of 2017.
The Red Sea port handled 398 vessels and 821,694 TEUs during the first half of the year, both increases of 14 percent from the corresponding 2016 period, according to recent […]
The e-commerce company Custom Wristbands, along with its affiliates and chief executive, pleaded guilty in district court to a price-fixing scheme involving promotional products sold in the United States.
Excess capacity drove container freight rates down to near-record lows last year, but Drewry estimates 57 ultra-large containerships with at least 18,000 TEUs of capacity will be delivered to the […]
The National Hurricane Center has seen rapid intensification of Hurricane Harvey today and is now expecting the storm to gather strength before it makes landfall in Texas late Friday/early Saturday morning. The trucking interests are watching the storm closely as its final path and impacts will influence area spot rates, capacity, and fuel costs.
As predicted, the remnants of Tropical Storm Harvey have reformed into a Tropical Depression in the Gulf of Mexico. According to supply chain risk analytics firm Riskpulse, it is now likely that Harvey will make landfall on the south-central Texas coastline, perhaps near Corpus Christi, as a hurricane.
Nearly 30% of carriers are not yet in full compliance with the upcoming electronic logging device mandate and 15% said they will not be fully compliant at the deadline, according to the latest Morgan Stanley ELD survey.
While still strong, conditions may be moderating for the trucking industry as key indicators are slowly retreating from recent highs.
Four Democratic senators are urging U.S. Transportation Secretary Elaine Chao to reconsider DOT’s withdrawal of a proposed rule that would have mandated testing commercial truck drivers and rail operators for […]
South Korea’s largest shipbuilder, Hyundai Heavy Industries, has asked that 5,000 workers take unpaid leave in the wake of CMA CGM signing a letter of intent with two Chinese shipyards […]
Although some demand can be attributed to structural factors, real estate markets in all major port gateways are seeing either rising or peak-level growth rates in leasing activity, while vacancy […]
The Armonk, N.Y.-based technology company is collaborating with various companies across the global food supply chain to explore how blockchain technology can be used to make the food supply chain […]
Secretary of Labor R. Alexander Acosta toured the 484-acre terminal and met with leadership from the International Longshore and Warehouse Union and the Pacific Maritime Association during the visit.
Singapore-based ocean carrier APL, now a subsidiary of CMA CGM of France, began purchasing slots on Maersk Line’s AC3 loop between Asia and the West Coast of South America this […]
MST and Reederei is accused of failing to keep accurate pollution control records and falsifying records for the vessel Marguerita, according to a statement from the U.S. Department of Justice.
U.S. solar panel manufacturers SolarWorld and Suniva say their days are numbered without relief from a flood of cheap imports China and Taiwan.
PS Logistics, LLC, a leading national transportation and logistics company, announced today that it joined the Blockchain in Trucking Alliance (BiTA) as a charter member.
The battle for the quickest delivery is on. Arkansas-based retailing giant Walmart has official filed to patent a blimp-style warehouse, Fortune reports.
After seeing the fleet-wide fuel economy average climb 3% in 2015, the North American Council for Freight Efficiency (NACFE) says that the increase reported in its Annual Fleet Fuel Study was not as dramatic for 2016.
IBM has announced 10 companies that will begin running trials of its blockchain-enabled technologies, including major food supplier Nestle SA, according to Reuters.
Maersk Oil’s liquids-weighted production will provide the French energy giant with short-term benefits, with key United Kingdom and Norway assets boosting cash flow, and possibly cost-savings synergies in the North […]
New business-to-consumer e-commerce practices are rapidly changing the way retailers and their supply chain providers operate, as well as how governments apply trade oversight.
The agreement will provide Maersk Tankers with access and exclusive rights to Boston-based hedge fund CargoMetrics’ analytical models, algorithms and capabilities.
Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping (USA) (collectively referred to as AEL) agreed to pay $518,063 for violating U.S. sanctions on Iran […]
Schneider Packaging Equipment names new president, while World Shipping, Inc.’s vice president of operations retires.
In the Gulf of Mexico, storms can happen quickly. That is the case with the remnants of Tropical Storm Harvey, which are moving into the Gulf and could potentially threaten the coast of Texas later this week.
