logistics

It’s high-cotton for transport start-ups, panel says.

Trident Transport, a four year old freight brokerage founded in Chattanooga, has announced its plans to open a second office in Tampa Bay, Florida. Russ Feldhacker, a veteran broker, will lead the new branch.

Majority of the U.S. shale oil producers are showing negative cash flow in 2018; Subaru is recalling 400,000 cars due to faulty engine part; U.S. factory orders increase more than expected in September.

Deliverr is helping businesses ship products on ecommerce platforms with an Amazon-like fulfillment service.

Boeing predicts a positive growth in international air cargo volumes over 2018, with volumes spiking during the festive winter season when businesses rush to put products on the shelves ahead of the consumer shopping spree.

Optimal Dynamics uses AI and machine learning to assist fleets in finding loads a few days into the future, which would help carriers get ahead of their competition, as they could plan their network flow further in advance than usual.

Drivers at XPO Logistics, Inc.’s (NYSE:XPO) facility in Cinnaminson, N.J., an eastern suburb of Philadelphia, have agreed to join Teamsters union Local 107, the Teamsters said.

The FreightWaves Research Institute is excited to announce the release of its second white paper, Global Freight Tickers, a worldwide study of publicly traded transportation and logistics companies

The Indian freight industry struggles with issues that most of the developing countries suffer with – like high fuel prices, inadequate infrastructure, lethargic governance, stifled technology adoption, and a general inefficiency in hauling equipment.

Shell introduces ultrafast charging stations to Europe; UPS increases capacity at the wake of the holiday season; CMA CGM offers to buyout Ceva Logistics.

Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.

In partnership with Slync.io… Multi-partner views of realtime supply chain data are necessary to eliminate manual communications processes like email, which will remove friction and add value to collaborative relationships.

Uber Freight introduces three new features to its app, making it more customizable and intuitive, and helping drivers and carriers better manage their loads and time schedules.

XPO Logistics was named to the Fortune Future 50 list of U.S. public companies while KeepTruckin and Transfix were both honored by Forbes as two companies likely to achieve unicorn status.

Though blockchain is a technology with immense potential, there needs to be some commercial incentive for food supply chains to adopt it in its mainstream processes – the absence of which might let the technology remain constrained to pilot programs.

Avancargo, a freight logistics startup from Argentina has on-boarded over 18,000 trucks on its platform and is helping them connect with shippers digitally.

The Indian trucking ecosystem suffers from a lack of visibility and transparency, which Vaahika is looking to address by digitizing logistics and creating a bridge between carriers and shippers.

Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.

Shipwell, a freight shipping platform that makes shipping a seamless experience for SMEs, has raised $10 million in its Series A financing round, led by Fifth Wall VC.

Two high school friends, one from Access America and one from JB Hunt, founded a successful brokerage in Knoxville full of supply chain management grads. And they love SONAR.

High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.

Saudi Arabia and Russia are looking to contain crude oil prices by increasing production by nearly half a million barrels per day; China’s U.S. oil exports have dried up completely; Amazon warehouse workers lose their bonus over the company’s minimum pay rise pledge.

Industry veteran Jeffery Barrie has been named CEO of DB Schenker USA, effective Nov. 1, 2018. Barrie will lead all operations in the U.S. and report directly to Philippe Gilbert, Region Americas CEO.

In a time when consumers are opting to spend less time in the kitchen, restaurants and grocery stores, convenience is king and grocery delivery services are popping up everywhere.

An annual review of the logistics business gets published; dueling intermodal views; and a startup gets a big chunk of funding.

The annual report by Infosys and others reflects an industry that is largely satisfied with the work that is being done, but with a recognition of areas that need improvement.

China’s National Bureau of Statistics reported slowing growth pointing to weaker exports as the China Manufacturing Purchasing Managers Index (PMI) dropped to 50.8 percent, down 0.5 percentage points from the previous month to the second lowest reading in 12 months.

Home Depot is Uberizing same and next-day last mile delivery with two startups backed by UPS. It’s part of Home Depot’s $1.2B investment to makes its supply chains faster and more efficient.

Readers of the printed newspaper are on a decline. It is essential that distribution companies that cater to this audience adapt to change, and optimize their logistics processes to increase profits.

Prologis is making further investments in the communities it has developed by launching an internship program for high schoolers from under-served areas to enter the logistics industry.

Adrian Gonzalez, President of Adelante SCM explained that in order to compete in the ever-changing logistics environment, the best thing companies can do is define their own competitive weapon.

BiTA participated in the Singapore Week of Innovation and Technology (SWITCH) 2018.

ZF, the German automaker has released innovative trucks that can load and unload at the warehouse and last-mile electric delivery vans with level 4 autonomy.

The Chicago based freight forwarder and 3PL announced that it has joined BiTA.

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.

The ports at Norfolk and Charleston have reopened after determining that the damage caused to the ports by Hurricane Florence is minimal

FEMA has been working since early in the week to arrange resources to respond as soon as it is safe to do so in areas impacted by Hurricane Florence, and said at a media briefing today that it stands ready to help.

Karma Delivers is looking to the future of social impact collaboration in the logistics space, where a natural market need exists for technology firms to empower NGO’s and nonprofits with software donation programs and access to education resources.

Team Worldwide, a diversified global logistics provider that offers “best in class” logistics, freight forwarding, customs brokerage, truck transportation and other solutions for its customers around the globe, has joined the Blockchain in Transport Alliance (BiTA).

Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.

RTS is injecting technology into the archaic garbage industry processes, helping bring visibility and transparency into waste disposal and recycling.

This is all part of the startup’s mission to help independent ecommerce businesses battle giants like Amazon.

FreightWaves spoke with the American Logistics Aid Network (ALAN) to learn how drivers can use their resources to help ahead of Hurricane Florence.

Transportation network Lanehub recently announced Backhaul Assist, a feature that will allow shippers utilizing private fleets or dedicated contract carriers to market available capacity to other shippers.  

ITL, a Chicago-based company specializing in warehousing and logistics, recently became a member of the Blockchain in Transport Alliance (BiTA).

xChange is helping container lines reduce their dead miles, by providing them with one-way container moves or SOCs from 2500 locations across the world.

Wipro Limited, a leading global information technology, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA).

The Blockchain Research Institute (BRI) and Blockchain in Transport Alliance (BiTA) today announced a new partnership to improve coordination, cooperation and governance within their respective memberships.

Consumer expectations with regard to last-mile delivery have been evolving rapidly, and businesses need to look towards technology to address those needs.

Ecommerce in Indonesia supports 4 million jobs today, with McKinsey expecting the number to reach 26 million in the next five years. All that the country needs right now is a strong logistics network and surplus skilled labor.

LaneAxis is looking to drive efficiency in the trucking network by using blockchain to help shippers connect directly with carriers without brokers or 3PLs.

How important is innovation to logistics? We look at the responses from 313 logistics professionals (JDA and EFT’s “2018 Global Logistics Report”) to find out.

China is witnessing a lot of investment in the logistics facility space, as real-estate price surge and an ecommerce boom is heating up the market.

Sponsored by LaunchIt Public Relations…Alan Amling, director of UPS’s Global On-Demand Manufacturing Initiative pursues the benefits of on-demand additive manufacturing.

Uber Freight is gobbling up $500M per year; the US and China hit each other with a new round of tariffs; Georgia Ports extends its inland intermodal network; Saudi Arabia’s Aramco IPO indefinitely delayed; cannabis supply chains mature; Houston is now an oil exporter.

Salesforce, the original SaaS unicorn and the world’s leading customer relationship management platform, announced that it has joined the Blockchain in Transport Alliance.

The legalized cannabis industry witnesses many struggles with plant cultivation, logistical issues with transporting produce, getting it insured, governmental regulations, and most of all – steering clear from the behemoth cannabis black market.

Sharelogis Trade Services China Ltd, the leading China-based provider of logistics services and supply chain solutions, announced that it has joined the Blockchain in Transport Alliance.

Cisco, the world’s leading provider of the networking hardware that powers the internet, has joined the Blockchain in Transport Alliance.

We look at the responses from 313 logistics professionals to see which tech is having the biggest impact on their industry.

Trident Transport has doubled its revenue every year since it began operations in 2014, and was just named the fastest growing company in Chattanooga, a hothouse for brokerages and freight startups.

Serve.io has developed technology protocols using blockchain, which it believes can inject transparency in supply chains and cut out middle-men and exorbitant platform fees within the system.

Unilever, the massive Rotterdam-headquartered company that brings beauty, personal care, and food products to over 2.5 billion people daily, has partnered with JD.com, an e-commerce giant based in Beijing, to expand its reach in China.

Sponsored by LaunchIt Public Relations…Benjamin Gordon, CEO of Cambridge Capitol, talks to us about technology disruption in the logistics industry.

Shippers feel like they’re in uncharted territory even a year into an extremely strong trucking cycle, and they’re adapting in a number of ways, including building depth into routing guides, accepting lower service levels, and extending tender lead times.

The swiftness of last-mile delivery is what separates e-commerce brands from each other, and technology adoption would go a long way in optimizing their supply chains.

Good news for coastal residents, but bad news for carriers that made a lot of money on hurricanes last year: not much happening this year. Pretty much all key predictive variables, from sea surface temperatures to wind shear, suggest the current hurricane season will not hold a candle to last year’s hyperactive season in the Atlantic Basin, according to Riskpulse’s hurricane season mid-August update.

Senator Bob Corker (R-TN) spoke to FreightWaves about his efforts to rein in what he called the Trump administration’s abuse of authority in imposing tariffs on the United States’ allies and trade partners.

In partnership with Reliance Partners …If you’re obsessed with growth, you’ll love the report. If you’re obsessed with logistics and the movement of freight, you’ll love the news even more.

Redwood Logistics recently announced the launch of Redwood Mexico, a new service aimed at untangling the complicated process of shipping to and from Mexico.

Schneider National became the latest carrier to announce that it has benefited financially from the strong pricing and capacity squeeze when it announced its second-quarter operating revenues were up 15% year-over-year.

Hub Group’s earnings per share at $0.66 beat Wall Street’s consensus estimate of $0.50, but executives said that the third and fourth quarters will be even stronger, and margins will grow even against tough comps.

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 asset light logistics provider had financial records across the board and in a driver squeeze, added capacity.

Amazon spent $21.7 billion in shipping last year – a number which could be reduced if the company took control of its supply chain instead of partnering with 3PLs.

Aside from providing track and trace solutions, Loginext uses machine learning to provide organized logistics and field service management solutions in the most cost-optimized way.

The rise of e-commerce has pressured warehouses to raise throughput in smaller spaces with fewer people, creating a business opportunity for tech firms promising to find efficiencies and increase productivity.

This week, the Council of Supply Chain Management Professionals (CSCMP) published their 29th annual State of Logistics Report, which identified the trends that will impact the industry for the remainder of the year and well into the future.

Penske Logistics has reached agreement in principle to acquire Epes Transport Systems, of Greensboro, NC. The deal, expected to be finalized in the next few weeks, will add over 1,200 units to Penske Logistics.

On June 18, XPO Logistics announced their partnership with Nestlé as the two plan to construct “a 638,000-square-foot distribution center at the new SEGRO East Midlands Gateway Logistics Park (SLPEMG) in Leicestershire, UK.”

Kangaruu creates a persistent, organized communication tool to manage logistics between shippers and brokers in the $45 billion spot market

Six times per year, professors from Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University, and the University of Nevada, Reno collaborate with the Council of Supply Chain Management Professionals (CSCMP) to collate data from professionals in the logistics industry, “identifying trends and developments in the logistics industry over time,” according to the Logistics Manager’s Index (LMI).

Indian logistics industry is undergoing a technological evolution, and is looking to improve visibility and traceability into its supply chain, while also working on increasing capacity to handle its volume explosion.

Rhode Island begins tolling trucks today; SCOTUS rejects review request by JB Hunt on California case; Rolls-Royce engine problems spread; transportation companies fret over tariffs; Waymo to buy up to 62,000 Chrysler Pacificas.

With topics ranging broadly on economic and marketplace trends, to blockchain technology, to autonomous trucks and connected vehicles, to 3D printing, to green trucking, to the possibilities of rail, maritime, air freight and much more. And all for free thanks to sponsor, LaunchIt.

Techpertise together with TMW Systems …3Gtms, an emerging next-generation provider of transportation management software, is partnering with 10-4 Systems, a Trimble company, to enhance its platform with cutting edge visibility and analytics solutions.

E-commerce sales shrugged off a weak quarter for retail overall, and the resilience of online shopping should continue to drive innovation in transportation and freight markets as businesses look to take advantage.

Roadrunner Transportation Systems announced today that it has joined BiTA, a group dedicated to implementing standards for the digitalization of the supply chain.

The Freight Movement is in partnership with Arrive Logistics …Moving freight to its final destination starts with the ability of a shipper or broker to find available capacity. That load tendering process is rapidly changing.

Happy Mother’s Day! Ever wonder how all those flowers get to mom? This infographic shows how Holland does its part.

Get the package there and get it there on time. A simply ask, but one that has become increasingly difficult in recent years as e-commerce has exploded and retailers and e-tailers fight for those dollars.

The shale oil revolution has increased the intensity of fracking activity, and coordinating the delivery of sand, chemicals, and equipment to sites has become more complex. PropDispatch is a digital solution.

After setting one record high after another in the early weeks of 2018, the weekly DAT Dry Van and Reefer Barometers have finally pulled back slightly, before stabilizing in a strong growth range.

ts best performance in year-over-year increases in revenue per hundredweight (excluding fuel surcharge) in years was not enough to turn a first quarter profit for YRC Worldwide.

The industry in the Netherlands makes it the Wall Street of flowers.

Slync, an enterprise blockchain platform for the shipping, logistics and supply chain industries, has appointed Samuel Israel to its advisory board. As a regional CEO, Israel led DHL Global Forwarding for more than 10 years, where he built a multibillion-dollar logistics organization in Latin America.

Blockchain has been touted as one of the most revolutionary pieces of technology since the invention of the internet. While hype continues to pick up speed, the most innovative organisations have moved beyond talk and are actively deploying pilots leveraging the technology into supply chain and logistics networks.

E-commerce is intensifying last mile delivery activity; warehouse prices are climbing rapidly in consumer-dense markets; but the logistics space is fragmented, with high EBITDA multiples and low barriers-to-entry hindering consolidation.

Custom Pro Logistics, a Cincinnati based 3PL, has announced its membership in BiTA.

PAM Transport, Inc., a top 100 largest For-Hire Carrier in North America, announced today that it has joined BiTA.