ZEABORN buys five cargo vessels from Rickmers Holding
The title to the heavy-lift cargo vessels will pass to the ZEABORN Group by the end of September, but they are already available to the shipping company without any restrictions.
Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now.
The title to the heavy-lift cargo vessels will pass to the ZEABORN Group by the end of September, but they are already available to the shipping company without any restrictions.
During the month, Mexico was the leading market for U.S. pork and lamb exports in terms of volumes and value, while Japan was the top market for U.S. beef exports, […]
The United States Senate’s Commerce, Science and Transportation Committee has turned its attention to the trucking industry in a concerted effort to stop human trafficking, The Hill reports. A pair of bipartisan bills have been approved targeting the role trucking plays in trafficking.
According to PriceWaterhouseCooper (PwC) global transportation and logistics deals soared in the second quarter of 2017, rising 127% over the first quarter and 26% year-over-year. One of the reasons is e-commerce.
One20 has partnered with C.H. Robinson to offer its F-ELD logging device to C.H. Robinson carriers at a discount. Those carriers also have access to One20’s membership benefits in a partnership that should help everyone involved.
DOT’s Private Investment Project Procedures rulemaking seeks to lower the barriers to private participation in infrastructure projects. While the government seeks to reduce barriers, though, states are concerned about reimbursements for projects and that has led to a drop in the number of projects, according to Reuters.
A Federal Maritime Commission complaint lodged by Port Elizabeth Terminal & Warehouse alleges the port is asking the company to vacate hundreds of thousands of square feet of warehousing space […]
Sixty-seven percent of International Longshore and Warehouse Union members voted in favor of the extension, according to balloting results from all longshore locals within the states where ILWU members voted.
During the month, the United States exported $194.4 billion in goods and services, up 1.2 percent from May, as the weakened U.S. dollar makes U.S. goods less expensive, and therefore […]
U.S. Gulf Coast ports are expected to benefit more than East Coast ports in the near term, and to the detriment of West Coast ports, according to a recent report […]
The global logistics provider saw net profits jump 12.1 percent year-over-year to $55.6 million for the second quarter, stating that much of the growth was contributed by the company’s infrastructure […]
The Justice Department on Friday filed permanent injunctions against three New York companies and their owners to stop importing and selling potentially dangerous toys until certain measures are taken by […]
The master of a multi-purpose cargo vessel was arrested on Friday in New Zealand for exceeding the alcohol limit for a seafarer, according to Maritime New Zealand.
Vacancy in industrial warehousing across the nation recently hit a 17-year low of just 5.3 percent, while rental prices are up by more than one-third from 2012 levels, leaving customers […]
Have you ever been driving down a highway only to be passed by a hulking 18-wheeler? Have you secretly wondered what it would be like to drive across the country and get paid to do so? You may have been born to a truck driver.
For most high school seniors, it is ingrained from a young age that the only path to success is through a four-year university. Students are warned that if they don’t go to college, they will be stuck flipping burgers for the rest of their lives. But that doesn’t have to be the case.
Since everyone’s favorite game these days is guessing what is behind every move companies like Uber and Tesla are up to, it was likely only a matter of time before someone came up with the idea that Tesla could be building its own freight network.
One of the early entries in the “Uber for trucking” movement, Convoy found immediate big-name backers with the likes of Jeff Bezos, Marc Benioff and Henry Kravis when it launched in 2015. Since then, hundreds of companies have tried to enter the field of digital freight matching, but Convoy has remained near the top of the class.
As governments start to phase our incentives to purchase electric cars, there are some who believe the electric car revolution is about to come to a quick end.
Volkswagen has continued to increase its stake in Navistar following its initial buy-in in 2016. The company purchased approximately $10 million worth of shares in July through five transactions, according to documents filed with the SEC.
In addition, the country’s largest carrier, Hyundai Merchant Marine, is reportedly looking to allocate more vessels to U.S. routes thanks to rising demand.
The Council of Supply Chain Management Professionals (CSCMP) is aiming to ensure a steady influx of young, up-and-coming supply chain professionals to its membership.
The non-asset-based supply chain management and third-party logistics provider’s airfreight volumes soared 15.6 percent year-over-year during the quarter, fueled by the transpacific and intra-Asia trades.
The U.S. Maritime Administration beat its target date of Sept. 30 to remove 57 obsolete ships from its reserve fleet holding area in Suisan Bay, Calif.
Peter Zuccarelli of Plano, Texas, conspired to illegally export U.S.-made radiation hardened integrated circuits to China and Russia for their respective space programs, according to a statement from the U.S. […]
Deutsche Bahn’s freight rail operation will purchase 60 new locomotives from Siemens at a cost of about $250 million euros, and use the equipment in its European cross-border services.
Intermarine unveils various leadership changes, BDP International and Wen-Parker Logistics each name chief financial officer, and the Latin American and Caribbean Air Transport Association’s executive committee appoints new executive director.
U.S. Customs and Border Protection will struggle to regulate an increased flow of e-commerce goods, but a plan is in the works, according to Acting CBP Commissioner Kevin McAleenan.
Following a report by Josh Sandbulte in the Wall Street Journal on Amazon’s use of the U.S. Postal Service (USPS) for package delivery, USPS Chief Financial Officer Joseph Corbett responded with a letterclarifying and refuting some of the points of the article.
When the Federal Motor Carrier Safety Administration laid out the parameters of its electronic logging device (ELD) rule, it seemed pretty simple: Trucks newer than model year 2000 were required to have the devices. But the language, as is often the case, left some room for confusion.
J.B. Hunt Transport Services has opened a new 144,000-square-foot corporate building in Lowell, Ark. The new building grows J.B. Hunt’s headquarters to over 494,000 square feet.
Glenn S. Goldberg, president of GSG Advisory Services, has joined the TransRisk LLC Board of Advisors. TransRisk builds financial instruments that provide price discovery, transparency and demand balance for the trucking industry.
Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said bigger merger and acquisition deals likely will not occur soon, but the company is currently in discussions regarding smaller […]
The global shipping industry seems to be saying all the right things when it comes to reducing its impact on the environment, but when it comes to implementing consistent standards […]
The Danish global transport and logistics provider posted profits of 744 million Danish krone on net revenues of DKK 18.9 billion for the quarter, year-over-year increases of 122.8 percent and […]
Total intermodal volumes gained 4.5 percent during the second quarter of 2017, with international traffic being the primary driver, rising 5.6 percent, according to recent statistics from the Intermodal Association […]
Truckload, intermodal and logistics provider Schneider National reported a net income of $46.5 million for the second quarter of 2017, or $0.27 per diluted share, an increase of 5.2 percent, […]
Although carload volumes dropped 0.6 percent for the month, a 5.6 percent increase intermodal traffic spurred continued growth in overall rail volumes in July 2017, according to the Association of […]
Port Authority of New York and New Jersey names new executive director and board of commissioners chairman, Foss Maritime hires chief commercial officer, and ATA names executive director of the […]
A successful test of Hyperloop One’s technology has given rise the possibility that intermodal freight may someday be moved using the technology.
A USA Today investigation into port trucking operations in California has led to three U.S. Senators sending letters to national retailers demanding they crack down on trucking companies and their alleged unfair labor practices directed at drivers.
Autonomous vehicles are alive and well, and now crossing borders. While many states have yet to authorize the testing of autonomous vehicles, a demonstration took place Monday between Michigan and Southern Ontario.
U.S. Rep. Martha McSally, R-Ariz., has filed legislation that reauthorizes the Customs Trade Partnership Against Terrorism program for the first time in 11 years and aims to increase security and […]
United States gross domestic product increased 2.6 percent in the second quarter of 2017, more than double the revised 1.2 percent growth rate the previous quarter, according to the “advance” […]
The Hong Kong-based containership lessor’s net earnings fell 22.4 percent for the quarter from the corresponding 2016 period, while revenues fell 8.8 percent thanks to lower average charter rates for […]
After getting the Virginia Port Authority’s financial house in order, VPA Executive Director and CEO John Reinhart is implementing an aggressive capital expenditure program that will expand capacity and add […]
Amid sluggish freight rates and oil prices, overcapacity issues, and the Baltic Dry Index pointing to a looming slowdown in global trade growth, finding innovative ways to solve repositioning problems is now a major part of a wider effort to reduce costs in the container-shipping industry.
According to a report published by Josh Sandbulte in the Wall Street Journal, USPS has been picking up the tab for Amazon’s package delivery.
U.S. to send coal to Ukraine Ukrainian-owned company Centrenergo PJSC will purchase American thermal coal this winter. EC clears PSA terminal acquisition The European Commission has approved the acquisition of […]
Contract pricing, which has affected second-quarter earnings for a number of 3PLs, remains weak according to the latest data from FTR.
South Carolina Ports Authority has applied for federal approval and funding for a new marine highway to eliminate trucking congestion in the Charleston port area, according to local news source […]
The recent “Petya” cyber attack involving Danish shipping giant A.P. Moller-Maersk should serve as a stark reminder to all companies in the global shipping industry to reexamine existing systems protections […]
A Miami-based arbitration board rejected a demand by Spanish-led Grupo Unidos por el Canal consortium for $192.8 million to cover cost overruns during the construction of a third set of […]
U.S. Customs and Border Protection has appointed Bradley F. Hayes to the position of executive director of trade relations in the Office of the Commissioner.
The Baltic Exchange said it plans to close its freight derivatives platform Baltex on Dec. 29, following a recent announcement by LCH Clearnet that it would end its freight derivative […]
The independent containership owner’s net income for the quarter fell 54.7 percent year-over-year to $20.2 million, resulting from the effects of South Korean ocean carrier Hanjin filing for insolvency in […]
The U.S. Federal Aviation Administration has proposed a $54,000 civil penalty against St. Louis-based Carboline Co. for allegedly violating federal hazardous materials transport regulations.
Net earnings attributable to Kirby Corp. fell 33.8 percent year-over-year during the quarter to $25.8 million, despite consolidated revenues rising 7.2 percent to $473.3 million, according to the tank barge […]
The Seattle-based e-commerce giant is holding its first “Jobs Day” on Wednesday because it says it has over 50,000 roles to fill across its U.S. fulfillment network.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application […]
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Oriental Cargo Forwarders, […]
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Canfleet Logistics Ltd., Vancouver, […]
The U.S. Federal Maritime Commission has received nine license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Gulf Premier Logistics, Houston (Dee Chase-Unno, […]
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
FMC reviews 9 OTI license applications
The U.S. Federal Maritime Commission has received nine license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from A&E Logistics, Chicago (Alison Chan, president); […]
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from […]
American Airlines Cargo appoints managing director, global and key accounts – cargo sales; USA Truck names vice president of safety and risk management; and Transnet National Ports Authority selects chief […]
Looking to diversify its export business, the Pacific Northwest port is helping send cattle to Vietnam as part of the country’s “glass of milk per child per day” program that […]
CSX CEO E. Hunter Harrison promised “precision scheduled railroading” under his watch, but significant service problems by the railroad and the outcry from shippers seeking relief has pressed the U.S. […]
Japanese ocean carriers NYK, MOL and “K” Line all recorded year-over-year revenue growth in their container segments for the quarter ending June 30, 2017, thanks to rising freight rates.
The 1998 Ocean Shipping Reform Act mandated that non-vessel-operating common carriers publish the services that they offer and make sure the information is electronically accessible, and NVOs have been fighting […]
Responding to an unquenchable thirst among worldwide consumers for wine, beer and spirits, express carrier UPS said it has recently expanded its global delivery services for liquor.
Fukuoka, Japan-based Eco Marine Power is preparing for sea trials of solar panels which it has designed in the form of multiple rigid sails to be placed topside on bulk […]
A push in on to go electric with more countries planning a ban on sales of gas and diesel cars. Few, though, address commercial goods movement specifically, which is primarily handled by diesel-powered trucks. So what happens to the diesel truck?
“K” Line names managing executive director; Virgin Atlantic Cargo appoints managing director; Crane Worldwide Logistics selects vice president, global specialized solutions; and Hill Dickinson hires legal director for its growing […]
One comic character in the Hollywood film “Prince of Persia” said that there are only two things that are permanent in this world – death and taxes. For some, proposed border taxes may sound like punishment for not supporting American-made products.
Survey results released last week by the National Safety Council tell a sobering tale of just how tired American workers are, and how that fatigue could be impacting safety on the job.
Echo Global Logistics, Inc. (NASDAQ:ECHO) on Friday announced a rise in revenue for the second quarter, but the resulting $245,000 loss for the quarter and a tough environment for supply chain logistics companies led to a sell-off of its stock on Friday.
The International Longshore and Warehouse Union, which represents port workers up and down the U.S. West Coast, has completed voting on a proposed extension to its existing labor deal and […]
While eclipses don’t normally cause traffic problems, officials are warning drivers for heavier-than-normal traffic and stopping vehicles as the path of the Great American Eclipse on Aug. 21 will follow closely with several major interstates.
There is a new option that companies are flocking to quickly raise capital: an ICO – initial coin offering. But there are inherent risks in doing so, and they may be too great to overcome for transportation firms.
While a proposal to increase minimum insurance levels is off the table for now, that hasn’t stopped advocates from pushing carriers to increase those limits above the current minimum of $750,000, which was set in 1983.
The International Longshore and Warehouse Union, which represents dockworkers up and down the U.S. West Coast, has completed voting on a proposed extension to its existing labor deal and early […]
Shippers trust carriers to move their goods, but how do they know the carrier they have chosen can get the job done? A new Cerasis blog post lists the 12 data points every shipper should monitor when choosing a less-than-truckload (LTL) carrier.
Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, posted revenues of $1.41 billion for the second quarter of 2017, up 23.8 percent from the corresponding 2016 period.
Total value of cross-border trade between the United States and its partners in the North American Free Trade Agreement rose 9.4 percent year-over-year in May to $98.2 billion.
Since last week, rates from Shanghai to the U.S. West Coast have surged 37.6 percent, from $1,226 per FEU to $1,687 per FEU.
A total of $17.2 million in cargo was reported stolen from the United States and Canada during the second quarter of 2017, down from $31.5 million for last year’s second […]
Kansas City Southern names VP of sales and marketing for the energy and short line relations business unit, and VP of intermodal relations, while Delta Airlines appoints vice president of […]
U.S. Customs and Border Protection on Thursday released its newest schedule for delivering the remaining post-release capabilities in its new umbrella information technology system, the Automated Commercial Environment.