Genesee & Wyoming, Inc. (NYSE: GWR) beat fourth quarter revenue consensus estimates by $4.89 million. Revenue was expected to decrease by 0.2 percent year-over-year (Y/Y), but it increased 0.7 percent Y/Y from $571.6 million to $575.6 million, according to Seeking Alpha. GWR also beat fourth quarter consensus earnings per share (EPS) estimates of $0.89 by $0.11 to $1.00.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
Bridgestone Europe is acquiring TomTom Telematics for €910 million, a definitive step towards bolstering its presence in the “mobility solutions” segment. This acquisition would provide Bridgestone the leverage to up-sell and cross-sell solutions to a broader customer base.
Airbus (AIR: EURONEXT) broke ground for its new A220 manufacturing facility in Mobile, Alabama on Wednesday. The newest airliner in Airbus’ product line, the A220 is designed to revolutionize the market for 100-150 seat aircraft.
Ford will build vans and midsize pickups under an alliance formed with Volkswagen, while tapping into VW’s autonomous and electric expertise.
European Commission lays out ground rules and a regulation relaxations post-Brexit; Uber loses latest legal bid over driver rights; European Union announces a 37.5% reduction in CO2 emissions by 2030.
Brexit is right around the corner, but the U.K. and the EU are struggling to come to terms with a deal that could be a win-win for both the factions.
The Nikola Motor tractor is powered by a hydrogen-electric engine and has earned the company Number 24 on the FreightWaves’ Research Institute Freight.Tech 25.
German OEM major MAN Truck & Bus is investing heavily in clean mobility, and is now collaborating with the CNL consortium for testing 26-tonne electric trucks.
A truck has moved freight from China to Poland in a record 13 days, via the TIR system, which requires road transport operators to only declare their data once when they are hauling goods across multiple borders.
After about two weeks of rioting on the streets of Paris, the French people have gotten their government to agree to their demands of rolling back on the added fuel taxes aimed at funding anti-pollution initiatives.
Canadian province tackles stricter driver training and Chinese goods to Europe move along the world’s longest freight route. Plus Uptake takes innovation award and improving truck driving jobs.
Mercitalia, Italy’s largest freight railway company has unveiled ETR 500, a high-speed cargo train that connects Bologna with Naples. Authorities state that this would negate 9,000 truck trips annually, cutting nearly 80% of carbon emissions associated with carrying an equivalent load on road.
Net-zero carbon emissions from the transportation sector is possible by 2050 if industry starts to make changes now, says a new report.
The year 2018 has been a big one for Nikola Corporation, and investors continue to line up to support the hydrogen-electric truck startup. Next year might be even bigger.
As it continues work toward disrupting the traditional diesel-powered truck market in North America, Nikola Motor Company is eyeing another continent for its hydrogen-electric tractor: Europe.
Discussions around the topic of autonomous trucks would not be complete without it addressing three main concerns – job security of drivers, data privacy, and liability issues.
Germany has spent $580 billion towards renewable energy infrastructure, but still would fall woefully short of its emissions reduction goals of 2020. Andreas Kuhlmann, chairman of German Energy Agency explains why.
Ford Trucks unveiled its new F-MAX tractor, boasting a high-performance engine with 500 PS, 2500 Nm and 400 kW of braking power. The tractor also has 6% higher fuel optimization over previous models, and delivers lower cost of ownership with 7% reduced maintenance costs.
Volvo Trucks enters the electromobility age with FE and FL Electric truck variants and Vera, a fully autonomous electric truck concept that could redefine transportation within logistics hubs.
Artificial intelligence is a buzzword that has created a lot of hype in the transportation industry. But understanding the technology’s commercial utility is the need of the day.
Volvo Trucks has unveiled its concept autonomous electric vehicle that it believes could help create a more efficient and cleaner transportation network, while acting as a complement to existing solutions.
Solar fields are being used by RLS Logistics to provide power for its cold-storage warehouses, but that is really only approach the company is taking to build greener and more sustainable facilities.
Europe is witnessing a searing heatwave which has destroyed a chunk of its grain production, providing leeway for U.S. farmers to improve their export percentages this year.
Beer manufacturers are looking at a shortage of one of their prime brewing ingredient – barley. This is due to the droughts and heatwaves sweeping northern Europe now, wilting barley crops across the continent.
The U.K. has the second largest dairy trade deficit in the world, with 98% of all its dairy products being sourced from the EU. Once Brexit hits, the country might have a problem doing business like before.
Daimler has decided to stop production of a certain type of diesel engine till it clears issues regarding NOx emissions that slightly exceed maximum threshold values.
London Heathrow airport is expanding to include a third runway, but it comes with a fair share of consequences for the community that resides around the airport and the overall economy.
In a blockchain conference held this week in Amsterdam, a panel discussed the potential and impact of blockchain in the transportation and logistics industry.
As the future moves towards connected vehicles that are autonomous in nature, the current IT and cybersecurity act would not be applicable, needing a clearer definition on civil liability in case of accidents.
At the Future of Transportation World Conference, ZapGo described its carbon ion battery solution that has the potential to charge an electric vehicle to full capacity in five minutes, while a Lithium ion battery takes hours to do the same.
Sweden has unveiled the world’s first road that can charge electric trucks while they move over it, by letting the vehicle connect with charging tracks embedded inside the road.
For widespread data openness and implementation, it is essential to develop data standards that are mindful of the collective interests of all the stakeholders in the freight industry.
The General Data Protection Regulation (GDPR) is a data privacy law coming into force in Europe, that addresses the export of personal data outside the EU and EEA – putting businesses that process personal data of EU citizens in a sticky situation.
Russia has built Europe’s longest bridge connecting Crimea with the Russian mainland, with the bridge expected to boost the economy of Crimea by 2-3% and bring down the price of goods by 15%.
Dubai Ports World’s Thames wing, DP World London Gateway, has unveiled its latest tool called “Where’s My Container” (WMC), an app created to help stakeholders in the logistics space track their freight.
Zurich-based tech company Nexiot and German firm VTG Aktiengesellshaft hope to improve the way VTG’s 80,000 railcars assets are tracked by applying blockchain technology.
iCanDeliver is hoping to capture European market share with its digital freight platform.
European logistics company Stena Line has confirmed its initiative to test environment-friendly shipping vessels, the Handy Shipping Guide reports.
The American Trucking Associations’ Technology and Maintenance Council and Transportation Security Council, in conjunction with the FBI, has developed Fleet CyWatch to help fleets protect themselves against cyberattacks.
The Port of Dover has been honored with one of the UK’s highest awards for its congestion mitigation efforts.
Spireon is hoping to solve trailer tracking issues for mixed fleets that require customization with its FL Flex modular trailer tracking solution.
Fleet Complete, a provider of global IoT provider of mission-critical fleet, asset, and mobile workforce management solutions, has expanded its European operations with the acquisition of Ecofleet, a telematics provider in the Nordic and Baltic regions of Europe.
Geneva, Switzerland-based Mediterranean Shipping Company (MSC) has officially announced its roll on-roll off (RORO) service for West African routes, the Handy Shipping Guide reports.
Paris-based global logistics group Gefco has confirmed its acquisition of Spanish transport logistics company GLT, the Handy Shipping Guide reports.
Brexit has brought up various challenges that are set to impact the country, both economically and politically. In that regard, the scenes that unfold in the supply chain scenario is worrying and needs contemplation.
China-based, state-owned shipping behemoth China Ocean Shipping Company (COSCO) has acquired a 49% stake in a landlocked port under construction in Kazakhstan, the New York Times reports.
Dutch company, Port Liner, has an innovative solution, introducing an autonomous electric barge for the European market beginning in Q3 of 2018.
Regulations surrounding autonomous vehicles are taking different approaches in the U.S. and Europe, with Europe writing specific technologies into its laws.
The Chinese government is investing in the country of Georgia in a plan to potentially turn the country into a major export hub for Chinese goods.
Tesla is now accepting orders for its Tesla Semi in three European countries. The different dynamics of the European freight market represent some different challenges for the company.
Toyota Motors’ trucking subsidiary Hino Motors has partnered with India’s Ashok Leyland in an effort to comply with the India Bharat Stage VI (BS6) regulations for reducing emissions from vehicles, The Japan Times reported.
Scania is the only truck maker fined by the European Commission (EC) in September to appeal that decision, and is maintaining its innocence against charges it participated in a cartel with other truck makers to fix pricing. The company has filed an official appeal against the EC decision.
Almost every freight flow is growing. Some are growing a little and some are growing a lot, and all of them are accelerating in their rates of growth. Transports are surging as the underlying strength in both the consumer and industrial goods flow continues to improve. We see this as extraordinarily bullish for the overall U.S. economy.
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.
