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This Week in Trucking, the U.S. and China have announced a trade deal centering on natural gas, financial services and beef. Also, a renewed push is on to approve hair testing in driver drug screenings and the rapid rise in last-mile delivery services is leading to plenty of new entries to the market.
Germany’s largest container shipping company, which attributed its 62.1 million euro net loss for the quarter to higher bunker prices and lower freight rates, says its merger with UASC is […]
The Honolulu-based ocean carrier placed an order for two dual-fuel capable 2,525-TEU vessels with the Keppel AmFELS shipyard in Brownsville, Texas, with delivery expected in the first and third quarter […]
Rates measured by the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell from Shanghai to Europe, the Mediterranean and the United States.
The San Francisco-based ride-sharing company could lose its fight in the European Union against being regulated as a traditional taxi service, but appears to be driving ahead in new business […]
U.S. exporters of beef and liquefied natural gas will soon have access to China’s burgeoning market, as a result of the U.S.-China Comprehensive Economic Dialogue.
The Port of Oakland says the trend towards bigger containerships means that even though fewer vessels are calling the port, volumes are increasing, diesel emissions are down, and berths are […]
Navios Maritime Containers plans to raise $75 million through a private placement to help fund its acquisition of 14 ships from Rickmers Maritime.
The global logistics provider posted a net profit of 14.6 million Kuwati dinars (U.S. $47.9 million) on revenues of KD 320.5 million for the first quarter of 2017.
The New York-based dry bulk carrier attributed the strong revenue growth to higher spot market rates achieved by the majority of the vessels in its fleet, which were partially offset […]
Container throughput at Port of Virginia terminals has increased 7 percent so far in the fiscal year that will end on June 30, according to recent figures from the Virginia […]
Trucking carrier Schneider National expects improving market conditions in the second half of 2017 driven by an improved freight market and electronic logging device mandate.
The container and dry bulk markets are seeing improvement thanks to high levels of vessel scrapping and an uptick in demand, but prospects for the tanker segment are less encouraging, […]
While in-store sales have been declining in recent years, retail sales as a whole have not due to growth in e-commerce. That is resulting in a shift in freight movement, with more heading to a growing number of distribution centers and less heading to brick-and-mortar stores.
There has been a narrative in the U.S. that retail is dying a quick death. The reality is that is just not true. So far in 2017, there have been nearly as many store openings announced as store closings. This FreightWaves infographic details some of the trends in retail and how trucking is responding.
A Court of Appeals has granted a 90-day delay requested by EPA and NHTSA in a lawsuit brought by the Truck Trailer Manufacturer’s Association over the government’s Phase 2 Greenhouse Gas regulations. EPA requested the delay in part so that it can review the rule, throwing some uncertainty into implementation of the rule.
The American Petroleum Institute hailed the decision by U.S. Customs and Border Protection to withdraw an Obama-era proposal to withdraw Jones Act exemptions, but the Offshore Marine Service Association says […]
However, the Danish shipping conglomerate’s ocean carrier subsidiary, Maersk Line, recorded a $66 million loss for the quarter.
Two U.S. House representatives have filed a bill to promote programs in two-year community and technical colleges to stimulate jobs in the domestic maritime industry.
The troubled Taiwanese ocean carrier plans to raise more capital next month after reporting higher revenues and container volumes.
Three large ocean carrier associations filed a proposal with the International Maritime Organization to consider as it develops a comprehensive Greenhouse Gas (GHG) Strategy for maritime shipping.
The mail carrier and logistics provider recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017.
Ocean carrier Intermarine’s expansion follows a March announcement by Weco (formerly Nordana) that it was terminating a roll-on/roll-off service to the Mediterranean after 60 years of operation.
The Port Authority of New York and New Jersey will spend up to $70 million on a second environmental study and additional engineering work on a proposed freight rail tunnel […]
In a connected society, the transparency of items moving through the supply chain is a critical component of shipping best practices. From manufacturer, to trucking company, to end customer, the tracking of goods ensures timely delivery and top customer service ratings. OmniTrails is poised to lead to next revolution in this arena with its micro-location tracking solutions.
The Global Port Tracker, which is produced by Hackett Associates for the National Retail Federation, is projecting year-over-year volumes increases at the nation’s major retail container ports in the coming […]
South Korea’s debt clearing house, Korea Asset Management Corp. (KAMCO), will take over a mix of 20 container and bulk vessels on May 15 and lease them back to the […]
Norwegian fertilizer manufacturer Yara International is planning to build a small, battery-powered containership with capacity for between 100 TEUs and 120 TEUs to move containers from fertilizer its factory to […]
A Miami court found that a forum selection clauses in an ocean bill of lading trumped arguments for a more convenient location for the litigation.
The U.S. House of Representatives approved the $1.1 trillion bipartisan 2017 spending bill Wednesday by a 309-118 vote, and the U.S. Senate approved the bill Thursday by a 79-18 vote.
The Hong Kong-based third party logistics provider has continued its European expansion by signing and agreement to purchase a majority stake in Tuvia Italia S.p.A. from Italian holding company Tuvia […]
Longtime freight transportation and logistics industry executive Tom Nightingale has taken over two 35-year-old Boston-area firms to form a new company, International Package Shipping.
The Greenwich, Conn.-based transportation and logistics solutions provider completed the project without any disruption to service or customers, Tony Brooks, president of the LTL business for XPO Logistics told American […]
S.C. Governor Henry McMaster vetoed a bill strongly supported by both side of the state legislature to increase the state’s current 16.75-cent gas tax by 12 cents over the next […]
They say farm to fork, but without trucks, the farm never makes it to the stores, much less the fork. And that’s why ag haulers are so in tune with their shipping partners. When farmers suffer from crop delays for any reason – trucking is affected.
Ocean carriers Crowley Maritime and TOTE Maritime Puerto Rico have both invested heavily in services to the financially troubled commonweath and will be watching closely as it endeavors to restructure […]
Ali Maserrat, founder of an Uber-style courier called Peykyab, is disrupting the traditional parcel carrier model in Iran’s capital city of Tehran, and is now looking to spread his operation […]
The Southern California port handled 558,014 TEUs for the month, benefitting from the return of a Hyundai Merchant Marine service and the launch of new South Korean container carrier SM […]
North America’s largest provider of outsourced container freight station services has acquired Dicom Transportation Group’s Extra Express division for an undisclosed amount, according to a statement from majority owner Wind […]
The South Carolina Ports Authority will also welcome the largest vessel to ever transit the Panama Canal, the 13,092-TEU COSCO Development, when it calls at the Port of Charleston next […]
International Airlines Group subsidiary IAG Cargo saw revenues slip 2.3 percent year-over-year to 256 million euros (U.S. $278.7 million) in the first quarter of 2017, despite growing cargo volumes 3.6 […]
Ukrainian heavy-lift air carrier Antonov Airlines is preparing its aircraft fleet and expanding cargo sales for future operations in the United States and Hong Kong, the company said.
The Omaha, Neb. transportation and logistics services provider will integrate MacroPoint’s visibility platform into its greater North American logistics solutions offerings.
The Berkshire Hathaway-owned Class I railway increased net revenues 8.8 percent year-over-year during the quarter, reflecting higher volumes and average revenue per car/unit.
From Chattanooga to Birmingham, from Memphis to Atlanta, Freight Alley is home to a growing number of freight and logistics companies. But who is calling the area home? You can read more about Freight Alley here: When freight moves it moves through Freight Alley. This graphic is updated as new companies are identified. To see the most updated map, click the graphic.
Ready or not, truck platooning is inching closer to reality. And it offers a real chance at fuel savings. Research suggests that trucks running in platoons can save between 4% and 10% in fuel depending on their position in the platoon. Read more about how Peloton is moving the industry closer to vehicle platoons: Peloton set to debut truck platoons later this year.
UPS conducted a drone delivery test in February in Lithia, FL, with Workhorse Group, an Ohio-based battery-electric truck and drone developer. Workhorse built the drone and the electric UPS package car used in the test. Read more about how last-mile delivery is changing: R2D2 may make your next delivery.
Both the Port of Vancouver in British Columbia and the Virginia Port Authority have hosted record-size container vessels at their terminals in recent days.
President Donald Trump said in a recent interview with Bloomberg News he would “certainly consider” raising the federal gas tax, which has not been increased since 1993, but many Republicans […]
The consolidation from four major east-west container carrier alliances to three is designed to improve operational efficiency and profitability for the carriers, but it may also limit service options for […]
The aircraft lessor and air cargo transportation provider reported net earnings of $10 million on revenues of $237.9 million for the first quarter of 2017.
The Darien, Conn.-based short line and regional railroad operator also released its first quarter 2017 financial results.
The air cargo services provider reported an income from continuing operations, net of taxes, of $0.04 million for the first quarter of 2017, compared to $0.5 million for the corresponding […]
The European Commission has given the green light for the acquisition of the Netherlands-based Vanderlande by Toyota Group subsidiary Toyota Industries Corp., less than two months after the agreement was […]
Roadrunner unveils new management team, Flexport hires senior vice president and global head of airfreight, Logistec appoints executive vice president, and Celadon names president and chief operating officer, and president […]
Gelnius, a spin off of freight forwarder SEKO Logistics’ technology division, will provide an order-to-cash transportation management system for enterprises and a “Lite,” modular version of the TMS in late […]
This Week in Trucking, Elon Musk adds some details to his electric Tesla Semi program; the U.S. trade gap with Mexico is growing larger and Amazon faces a carrier lawsuit for refusing to pay shipping fees.
The Republican health care bill has received both criticism and applause from a divided nation. But what does it do for trucking? Well, like the rest of the nation, that may depend on what side of the industry you are on.
The Cudahy, Wis.-based asset-light transportation and logistics services provider received a $540 million redeemable preferred stock investment from affiliates of private investment firm Elliott Management.
The state-owned shipping conglomerate will pay about $1.78 billion to have contracts for 14 containerships transferred from subsidiary COSCO SHIPPING Development Group, formerly known as China Shipping Container Lines (CSCL).
A small aircraft owned by Air Cargo Carriers that was carrying UPS packages ran off the runway into a wooded area after its wing struck the ground, according to early […]
Since last Friday, the Shanghai Containerized Freight Index fell on trades from Shanghai to Europe, the Mediterranean and the United States.
Dubbed the Alert ELD system, the new electronic logging device mandate compliance solution is registered and certified with the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration.
North American intermodal freight volumes in the first quarter of 2017 ticked up 2 percent to 4.2 million units compared with the same 2016 period, according to the Intermodal Association […]
The U.S. Coast Guard is looking into four laser light “strikes” on commercial vessels that occurred between midnight and 3:00 a.m. on Wednesday in the southern Chesapeake Bay, according to […]
The transportation and logistics sector added 3,500 jobs in April 2017 following revised gains of 6,600 jobs in March and 7,600 positions in February, according to recent preliminary data from […]
Union Pacific subsidiary PS Technology has partnered with Norfolk Southern to create the new automated system that’s expected to boost Norfolk Southern’s operating efficiency, lower costs and increase productivity.
The record tonnage, which caps 40 months of continuous cargo growth at the airport, comes as Hungarian capital hub nears completion of a new warehouse and office complex for DHL […]
The ocean carrier industry has seen unprecedented changes in the past year or so, but will rapid consolidation and a reshuffling of alliances actually allow carriers to raise rates and […]
To show off its Project Portal prototype hydrogen fuel cell Class 8 tractor, Toyota recorded the vehicle in a drag race against a similarly equipped diesel-powered tractor.
UPS has announced an expansion of its large alternative vehicle fleet with the addition of hydrogen fuel cell delivery trucks. The vehicles will be in operation in California later this year.
The Consolidated Appropriations Act, 2017 (H.R. 244), which was passed by the U.S. House of Representatives Wednesday by a 309-118 vote, will boost funding for the Department of Defense and […]
Meanwhile, TRAC Intermodal President and CEO Keith Lovetro says his company is in the process of refurbishing and expanding its own chassis fleet.
Upon completion of the deal, several Maersk Line senior executives will join the top management team of German ocean carrier Hamburg Süd, the companies said in a joint statement.
The logistics technology accelerator program Dynamo’s latest installment includes visibility providers, warehouse drone developers, and a digital freight brokerage.
The Greenwich, Conn.-based third party logistics provider recorded a net income of $24.9 million for the first quarter of 2017, up from a net loss of $19.3 million for the […]
Basel, Switzerland-based freight forwarder and third-party logistics provider Panalpina says Carelog’s strong foothold in ocean freight and roots in the western part of Denmark complements it own expertise in airfreight.
The Honolulu-based container carrier attributed the more than 60 percent decline in net income to the timing of fuel surcharge collections, lower volumes in its Hawaii and Alaska trades, and […]
Asia Pacific airlines saw volumes surge 13.6 percent in March, while shipments carried by European airlines jumped 18.2 percent, and North American airfreight volumes grew 9.5 percent, according to figures […]
Funded by the Juncker Plan, the 75 million euro European Investment Bank loan will enable the port to expand warehousing space by 1 million square meters and create 10,000 direct […]
Combined United States carload and intermodal cargo volumes increased 5.2 percent in April 2017, the sixth consecutive month of year-over-year growth, according to data from the Association of American Railroads […]
The new inbound and outbound intermodal ramp service, which connects Baltimore directly with 10 U.S. ramps and two in Mexico, will decrease overall transit times by two days, according to […]
Net orders for North American Class 8 trucks totaled 23,600 units in April 2017, up 4 percent from the previous month and 77 percent from the previous year, according to […]
Members of the House Subcommittee on Coast Guard and Maritime Transportation say the law, which provides ocean carriers with limited antitrust immunity, is not up to date with the operational […]
To highlight the impact weather can have on trucking, and to highlight their new partnership, TransFX, which is seeking to offer trucking freight futures contracts, and Riskpulse, a supply chain risk analytics firm, have produced an infographic that provides a few surprising facts about weather-related delays.
With weather delays costing the trucking industry as much as $3.5 billion yearly, the impact is enormous, especially on shipping rates. TransFX is seeking to offer trucking futures contracts to help brokers, carriers and shippers better manager their exposure to volatile rates. As part of that effort, it has tapped into the expertise of Riskpulse, a leading supply chain risk analytics firm.
New Jersey Governor Chris Christie said removal of the bridge’s lower roadway means larger ships will be able to call container terminals in Newark, Elizabeth and Staten Island.
The troubled ocean carrier is ceasing service to Iran over concerns of rising tensions there rather than as a cost cutting measure, according to an executive with the company, Reuters […]
The U.S. Commerce Department told the Mexican government this week that it intends to resume collection of antidumping and countervailing duties on sugar imports starting June 5 if a new […]
The Danish global transport and logistics provider said the first quarter of 2017 was positively impacted by gains of around DKK 125 million in the Road division.
The non-asset based supply chain management company recorded a net loss of $57 million for the first quarter of 2017, compared to a net profit of $3 million for the […]
The parcel carrier and third-party logistics provider has entered a definitive agreement to buy Irish express delivery service Nightline Logistics Group, UPS said in a statement.
The Gulf of Mexico port’s access channel and turning basin will be dredged, resulting in 13 million cubic meters being removed and reclaimed, which five new terminals will be built […]
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal […]
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal […]
Unlike autonomous vehicles, a driver remains in ultimate control of a truck while in platoon formation. Because of this, it is likely that two-truck platooning will be available to fleets later this year.
During the quarter, COSCO SHIPPING Holdings Co., Ltd. reported a higher net profit, revenues and volumes compared to the corresponding 2016 period.
The partnership is bringing together BluJay’s transportation management solutions with FourKites’ real-time freight visibility and orchestration platform.
The Commerce Department’s International Trade Administration projected that rising oil and gas prices worldwide will spur an increase in U.S. oil and gas equipment exports during the next four years.
E-commerce growth and continued developments in specialized markets like the pharmaceutical industry will only serve to bolster air cargo growth, according to Alexandre de Juniac, director general at the International […]
