DDC FPO launched a free online tool to help transportation and logistics professionals calculate how much of their operational costs are going toward in-house bill of lading (BOL) processing.
The TIA says that a Roush’s negative description of the role freight brokers play in freight transportation, his broad-brush statements about safety, and small carriers are ludicrous.
DrayNow, the first real-time marketplace connecting intermodal freight with carriers, has joined the Blockchain in Transport Alliance (BiTA). BiTA is developing best practices and standards for blockchain in the transportation […]
Market expert Brian Aoaeh writes about the impact of severe weather on supply chains, and tools to help companies and organizations modify those supply chains when disaster strikes.
The share repurchase in its entirety represents a little more than 7.5 percent of the company’s outstanding common shares.
Air cargo market expert explores the fascinating process of moving livestock – particularly horses – by air.
Prologis and Blackstone Group are both trying to acquire the U.S. warehousing portfolio of GLP.
Pennsylvania-based Penske Logistics announced it is laying off 80 drivers and will close its terminal in Fort Wayne, Indiana, in July.
Tracy Rosser tapped for executive vice president post at transportation management services provider after helping oversee big-box retailer’s transport and supply chain operations.
As the logistics industry continues to plow millions of dollars into digital freight matching
(DFM) technology that pairs shippers and carriers, there is a clear difference of
approach between third-party logistics providers (3PLs) that seek to minimize the “human element” and those that embrace the combination of automation technology and teams of skilled logistics professionals.
Zipline operates autonomous drones across remote areas that are hard to reach by road, airlifting medicines during emergencies.
Market expert Charley Dehoney explores how freight brokers can stay relevant in a rapidly changing environment.
Hub Group rolled out its advanced end-to-end visibility data on May 15 that allows its customers to track loads in real time to help them better plan for a shipment’s arrival.
Haven is introducing a track and trace solution that is both affordable and seamless to integrate within shipping workflows.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net […]
Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT’s third fiscal quarter 2019), $0.04 […]
Growth of developing countries is disrupting trade flow; logistics job openings trump available workers; Starbucks is experimenting with blockchain for coffee supply chain traceability.
Take an antiquated trillion dollar industry, machine learning and artificial intelligence, investors chasing higher yields and a few industrious solutions-oriented individuals and you get an emerging industry – high-growth freight […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share compared with the break-even consensus estimate. The asset-right and asset-light logistics service provider’s reported revenue of $507.1 […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) reported a loss of $1.78 per share versus the break-even consensus estimate. The asset-light logistics service provider’s first quarter 2019 loss was much lower […]
The largest flatbed, specialized transportation and logistics solutions company in North America, Daseke, Inc. (NASDAQ: DSKE), reported first quarter 2019 adjusted earnings per share of $0.03, compared to the consensus […]
Transplace has announced the appointment of Matthew Harding as senior vice president of data science. Harding, who rejoins Transplace after a nine-plus year stay at Chainalytics, will lead the company’s […]
Kuebix has now integrated Emerge’s private freight matching marketplace into its platform, allowing its users to access broader truckload capacity for their shipping needs.
Schneider National, Inc. held a call with analysts and media to discuss earnings results. Most of the call focused on explaining what occurred in the first quarter and how the company will achieve its lowered guidance.
Schneider National, Inc. announced first quarter 2019 earnings of $.21 per share, $0.06 per share lower than last year and $0.10 worse than the consensus estimate.
In partnership with Reliance Partners …
ELDs are not just about tracking the hours of service of drivers. The data they gather can be used by fleets to improve driver behavior and operational efficiency, and by insurance companies to understand accident history for evaluating fleet risk profiles.
Convoy has worked closely with shippers on various projects, including its Convoy Go program that gives owner-operators access to drop-and-hook freight. It has now formalized those efforts in the Innovation Lab.
BlackBuck has raised a total of $285.2 million till date and is looking to expand its services across India, without worrying much into its growing losses.
Global logistics solutions group, WiseTech Global, has announced the acquisition of Xware, a leading messaging integration solutions provider in Sweden.
Building a small business is difficult if you don’t have access to the same powerful tools that larger competitors do. Uber Freight, with its growing suite of tools, has been trying to empower small fleets and owner-operators to allow them to compete on an even playing field.
Though blockchain looks to be promising, companies are still not convinced on the trustability of a blockchain network and it would take more than a few pilots to persuade stakeholders to join together on a single common decentralized ledger.
Amazon could build a zero-margin equivalent of C.H. Robinson inside the ‘shipping costs’ line on its P&L without anyone noticing.
Amazon could build a zero-margin equivalent of C.H. Robinson inside the ‘shipping costs’ line on its P&L without anyone noticing.
In partnership with Slync… Supply chain exceptions are being automatically moved toward resolution and visibility into the problem provided to all relevant partners.
Japanese transport company, Nippon Yusen Kabushiki Kaisha (NYK Line) (JPX:9101) has today reported a loss of approximately US$400 million (Japanese Yen 44.5 billion) for the year ended March 31, 2019. Following the red ink bloodbath, the company has replaced the chairman, president and representative directors.
Werner Enterprises, Inc. reported non-GAAP adjusted earnings per share (EPS) of $0.52, $0.03 ahead of the consensus estimate.
Werner Enterprises, Inc. (NASDAQ: WERN), reported non-GAAP adjusted earnings per share (EPS) of $0.52, besting the consensus estimate of $0.49 per share.
Ford invests $500M in electric pickup maker; plus U.S. may be pulling freight from trucking, India seeks logistics technology upgrades, and scientists call for unity on electric vehicles.
Retail rebounded from a disappointing February in March, with the growth rate climbing from 2.2 percent to 3.6 percent year-over-year. It was one of the strongest rebounds seen in the retail sector since mid-2017.
Technology is disrupting the logistics industry at a breakneck pace, and brokerages are not exempt from the changes. While new technologies are intended to help companies run smoother, the implementation process can be riddled with challenges.
Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts’ expectations of $0.52 per share.
Manhattan Associates, Inc. reported adjusted non-GAAP earnings per share of $0.41, $0.04 better year-over-year.
In his first FreightWaves article, market expert Brian Aoaeh writes about logistics network optimization. He explains how new technology, venture capital money and changing market conditions have converged to open up new opportunities across the global supply chain.
Datapace is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about Datapace and BiTA in this article.
Panalpina reported $0.82 (Swiss Francs, or CHF) per share in earnings for the first quarter of 2019 compared to $0.72 CHF for the same period last year.
P.A.M. Transportation Services, Inc. announced first quarter 2019 earnings of $0.99 per share excluding a $0.40 per share gain on marketable securities. Pre-tax income increased $5.1 million y/y.
Des Moines Truck Brokers (DMTB) is the latest company to join the Blockchain in Transport Alliance (BiTA). Learn more about DMTB and why it joined BiTA.
WebCargo by Freightos has acquired India-based Air Freight Bazaar, with the intent of expanding its footstep in global air cargo digitalization.
E-commerce has changed consumer buying habits, but it has also changed the supply chain for less-than-truckload carriers, who have had to adapt in various ways to keep pace.
Breakout List curates a list of startups that have a high possibility of success, thus making it easier for startup-inclined people to choose a company they would want to work in.
Cosco Shipping Logistics, JD Logistics and Orient Overseas International Ltd. (OOIL) indirect subsidiary “Gold Talent” have inked a complex joint venture deal to fund online international supply chain platform Eshipping with, ultimately, US$44.7 million of capital.
Burris Logistics, a $3.5 billion revenue 3PL, and Trinity Logistics, a $550 million revenue brokerage, are tying the knot.
Walmart has introduced Voice Order, that allows people to add items to their Walmart online cart by giving voice commands through any Google Assistant enabled device.
TheLorry connects thousands of shippers with truck, pickup truck and van owners across southeast Asia.
Many food chains in the U.S. are shutting stores down due to lack of diners. It is time they take remote consumers seriously and look to sell food via last-mile food delivery companies.
As food product recalls are becoming a frequent occurrence on account of contamination fears, the time is right for companies to look towards blockchain for creating better visibility into their supply chains and to reduce generic en masse recalls wherever possible.
A look at how Roadrunner Freight’s business model differs from most LTL carriers.
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels.
A fold-down ramp is just one of the innovations Morgan Corp. has introduced recently at it looks to build truck bodies to match the growing demands of e-commerce last-mile operations.
Volkswagen partners with Amazon Web Services, to streamline data coming from its different manufacturing and logistics processes, and create actionable information to improve production flexibility and increase vehicle quality.
India-based logistics startup Delhivery has secured $413 million in new funding with Japan’s SoftBank leading the round.
Canadian cross-border trucking and logistics firm to establish new business based in Charlotte, North Carolina, and plans additional locations in the United States.
Several logistics and transportation software providers claim to have machine learning capabilities, but in many cases, the results don’t match the hype.
“We’re looking at finding ideas and turning them into billion-dollar companies and working with key leaders in the industry to help them take advantage of the technologies.”
Hwy Haul is a freight logistics startup that uses data science and optimization algorithms to connect carrier capacity with freight volumes over a digital trucking marketplace.
Big data is opening up opportunities for shippers of all sizes, and used properly, it can help reduce shipping rates and improve customer service.
The contradiction between the federal and state regulations on growing and distributing marijuana could be alleviated by bringing trustability into pot supply chains. This can be done by adopting blockchain technology which can account for every step of the marijuana logistics process from the field to the consumer’s doorstep.
The former CFO of Forward Air, CEO of Panther Expedited, and CFO of C.H. Robinson hits the open market.
Kenya-based startup Lori has built a logistics platform that is revolutionising the cargo-transport value chain in Africa by seamlessly connecting cargo owners, shippers and transporters via a digital freight marketplace.
Kargo Technologies is an online freight logistics marketplace that connects commercial shippers with truckers across Indonesia.
The BiTA Standards Council has ratified the Alliance’s first data standard in record time. Read about the standard and the foundational framework endorsed by the Council.
While propane doesn’t pack quite the punch diesel does, it does produce enough power to handle many of the tasks at a fraction of the overall cost, advocates say, so why is not a more popular fuel for commercial operations?
Bumble Bee Foods is now using the SAP cloud platform blockchain service to trace the journey of yellowfin tuna from the Indonesian ocean to the consumers’ dinner table.
Modern transportation management systems (TMS) have lowered the cost while increasing the power of the solutions, opening doors for shippers of all sizes to benefit.
High-growth business models make sourcing talent even more difficult for freight brokerages.
CargoX and dexFreight, the two blockchain logistics companies will collaborate in offering digital bill of lading solutions and cost-effective logistics operations.
Saia, Inc. is providing LTL shipment and tonnage data for the first two months of the first quarter. These are the results.
Tesla’s V3 Supercharging station discharges 250 kW; Italy’s olive-oil industry is facing an agrarian crisis; Americans are abandoning public transit; French port of Marseille-Fos has joined a blockchain pilot program.
Happy Returns has unveiled a self-service return solution that would allow shoppers to return items at the storefront – eliminating the need for them to return items through a laborious mail process that is the norm today.
Mexico’s current economic boom is providing business for the country’s cross-border shipping industry, but also emphasizing the industry’s growing pains.
Asparagus from Mexico and California moves around the world as air cargo from Los Angeles International Airport.
Worklete helps frontline workers in the logistics ecosystem to avoid workplace injuries by focusing on their body movement and the way they interact with the environment.
In partnership with Reliance Partners …Cargo theft is a threat for warehousing operations, and visualizing floor operations using 3D interactive maps could be a easier way out for security to pinpoint locations and movement of items in the warehouse space.
Scanlog, a Scandinavian logistics company will use ShipChain’s technology to improve visibility into its trucking operations, and plans to monitor up to a dozen Scanlog trucks by the end of the year.
Online freight booking systems can streamline the process for booking air and ocean freight, solving several significant challenges along the way.
A senior representative of CAI International Inc. spoke on the company’s focus on refrigerated container units in the retail supply chain at the 2019 LINK supply chain conference.
dexFreight introduced the Early Adopters Program, through which companies that sign up will have exclusive access to early release versions of the dexFreight platform, and have the opportunity to interact with dexFreight’s development and product teams.
Trella is a Cairo-based startup that is looking to optimize truckers’ routes so they’re no longer driving empty by connecting them with shippers across Egypt.
Cold supply chains suffer from opacity in their operations, which could turn disastrous especially during handoffs – when products are left unattended and might slip out of the prescribed conditions it needs to be stored under. Technology like IoT sensors and blockchain could help companies to monitor their cargo movement better.
Sponsored by Redwood LogisticsThe deployment of technology solutions requires many steps, but using a provider that offers an open systems architecture approach can help ease the transition, eliminating both time and cost.
Worldwide customs and logistics software provider WiseTech Global has today announced the acquisition of Containerchain, a provider of a shipping container tracking and managing systems for AU$92 million (just over USD$65.8 million) in cash.
Global logistics player, Toll, has officially launched two new roll-on, roll-off (ro-ro) ships for the carriage of trucks and containers across the Bass Strait between mainland Australia and the island of Tasmania. The first commercial sailing begins in a few days on March 1. FreightWaves reviews the vessels in detail, describes the local wharf upgrades and analyses the Bass Strait trade.
Expeditors should do well in a softening ocean freight market and a Panalpina deal wouldn’t necessarily be a bad thing.
Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.
Unpredictable demand, expectations of a high service level, and labor scarcity are the most significant challenges that face logistics today, and it is crucial for warehouses to face up to it by having the right mix of automation and human resources on its floor.
Widespread jitters in the Australian political and business communities that China may have banned imports of Australian coal now appear to be unfounded. Customs clearance delays at Dalian are happening owing to entirely “normal” reasons and coal cargo can be re-routed around a given port anyway, coal mining and coal transport executives have explained to FreightWaves.
Hong Kong-based Lalamove promises same-day deliveries in under an hour. The company has just closed a $300 million round of funding to expand its geographic footprint further.
Hurricane Katrina was a catastrophe of unprecedented proportions during the record-breaking 2005 Atlantic hurricane season, but it also served as an early example of how useful crowd-sourcing and satellite imagery can be in disaster response.
