In the future, blockchain infrastructure will help mitigate the effect and scope of cyberattacks through its two fundamental characteristics: decentralization and cryptography so events such as last week’s Equifax breach don’t happen.
Skepticism over hyperloop technology has been expressed by Amtrak CEO Richard Anderson. Business Insider quoted Anderson as saying that the technology is not “realistic right now.”
FreightWaves adds a startup directory to the site to help startups identify partners, investors, and talent in the emerging FreightTech space.
Blockchain has become the latest buzzword to enter industry lexicon. While many still may not know what it is, it is likely to be a technology that transforms trucking and the way it operates. Fleet Complete is one of the companies that has recognized its potential.
A new global study has found that transportation companies are embracing the Internet of Things (IoT), but many still lack a full understanding of how best to utilize the data.
The U.S. House passed driverless car legislation on Wednesday, but the bill does not address commercial trucks and the likelihood of trucks being included is uncertain at this point.
As the U.S. Congress returned to work following its August recess, two bills that are awaiting action are focused on the electronic logging device rule set for a Dec. 18 implementation date.
U.S. Transportation Secretary Elaine Chao is expected to unveil self-driving vehicle guidelines next weekat an event in Ann Arbor, Michigan, Reuters reported.
California-based startup Chanje recently announced its all-electric medium-duty delivery van is in production and will be available as soon this fall. With a payload of 6,000 pounds and range of 100 miles, the Class 5 panel van is designed specifically for its target markets.
C.H. Robinson has acquired Milgram & Company, a Canadian provider of freight forwarding, customs brokerage, and surface transportation. C.H. Robinson paid approximately $50 million in cash for the company.
Blockchain is the perfect way to store maintence records, providing fleets with a complete record on everything that has happened to the vehicle from the time that it rolled off the factory floor to the time it is sold off.
EDI powerhouse joins the Blockchain in Trucking Alliance (BITA), a standards organization focused on development blockchain standards in trucking among the major technology and transportation service providers.
Hong Kong-based logistics company GoGoVan has achieved unicorn status after agreeing to a merger with mainland China-based freight company, 58 Suyun.
FEMA disaster relief logistics highlights the need for blockchain implementation. Blockchain is an emerging technology that promises to bring transparency and visibility to transactions.
Remember when you had to wait to flag down a taxi? Now we order a taxi via an app and it arrives at your door within minutes. The same innovation is now happening to cargo shipping.
Blockchain is expected to be a massive part of the economy in the near future- but what exactly is blockchain and why should I care? FreightWaves takes a look at this emerging technology.
Is a trailer just a box on wheels or potentially a portable battery charger? That is one of the questions that could be answered through the continued innovation of commercial vehicles.
Blockchain is predicted to radically change the financial services sector. Deloitte Tweeted that 10% of global GDP will be stored in blockchain. For companies like Deloitte, staying ahead of the curve in blockchain technology is paramount. But what about for logistics companies?
TransRisk, a pioneer of solutions designed to allow transportation industry participants to efficiently manage price risk in the North American freight transportation market, has added nationally recognized transportation markets leader Donald Broughton to its team.
There is growing talk of a possible bill in Congress that would kill the upcoming electronic logging device (ELD) rule that goes into effect on Dec. 18 of this year due to the cost to individual truckers, sources have told FreightWaves.
Honeywell and Intel have collaborated on a new solution that is designed to identify potential damage to cargo while in transit, allowing time to possibly re-position that cargo to prevent further damage.
It seems as though all new platforms these days feature two common denominators – create transparency and streamline processes. Many of them are now being developed with blockchain.
Cummins has unveiled a Class 7 electric powertrain that will power Class 7 trucks by 2019 and could recharge in as little as 20 minutes.
Convey, a supply chain visibility and communication company, has secured $8.25 million in Series B funding from Techstars Venture Capital Fund, RPM Ventures, and other investors in a round of funding just announced.
As efforts to delay implementation of the electronic logging device rule continue to flounder in Congress, opponents have received an olive branch from CVSA. The group says that while it will enforce the ELD mandate on Dec. 18 as planned, out-of-service orders will not be issued until April 1, 2018.
Driver-facing cameras are a controversial topic. Many drivers hate them, but at G&P Trucking, the company has implemented them and had success through an educational program that helps drivers understand why they are important.
The new Uber CEO has his work cut out for him. Few know what his take on Uber Freight is and whether the aggressive expansion will continue. Regardless, the digital freight era is upon-us and should they leave the market, others will take its place.
Sandeep Kar, a noted industry expert and frequent keynote speaker at industry events and resource for leading industry publications, has joined Fleet Complete as its chief strategy officer.
How did the solar eclipse last week affect the trucking industry? New data from Lytx tries to some numbers behind the event.
Uber selects Expedia CEO as its next CEO to replace founder Travis Kalanick
Texas’ largest grocery store chain responds to disaster with a convoy of specially outfitted trucks and trailers to deliver relief food, medical supplies, and dry-goods.
With consumers buying more online and more based on promotions, it has become less about brand loyalty and more about the benefits earned from digital purchases. All that is left is for shipping companies to provide app-assisted delivery.
Graphics processing unit (GPU) manufacturer Nvidia has invested into automated trucking company TuSimple, TechCrunch reports.
At a cost of $4 billion, the new Tappan Zee Bridge has officially opened in New York City. Technically, one span of the bridge – four lanes open to westbound traffic – opens tonight with the second span scheduled to open in the spring.
The never-ending mystery over what kind of truck Tesla is building may have moved one giant step closer to being solved on Thursday when it was revealed the electric truck will likely have an operating range of 200 to 300 miles.
Singapore might be world’s smartest city. When you think of tech, you reflexively picture Silicon Valley. While Palo Alto may reign in the west, a tiny island nation of 5.6 million leads the east… and it’s turning to blockchain.
The New York Shipping Exchange (NYSHEX) has secured a Series A round of funding for $13 million, according to a press release. The company has developed the first digital forward freight contract for global container shipping.
Nearly 30% of carriers are not yet in full compliance with the upcoming electronic logging device mandate and 15% said they will not be fully compliant at the deadline, according to the latest Morgan Stanley ELD survey.
While still strong, conditions may be moderating for the trucking industry as key indicators are slowly retreating from recent highs.
PS Logistics, LLC, a leading national transportation and logistics company, announced today that it joined the Blockchain in Trucking Alliance (BiTA) as a charter member.
The battle for the quickest delivery is on. Arkansas-based retailing giant Walmart has official filed to patent a blimp-style warehouse, Fortune reports.
After seeing the fleet-wide fuel economy average climb 3% in 2015, the North American Council for Freight Efficiency (NACFE) says that the increase reported in its Annual Fleet Fuel Study was not as dramatic for 2016.
IBM has announced 10 companies that will begin running trials of its blockchain-enabled technologies, including major food supplier Nestle SA, according to Reuters.
Road crews have traditionally used a “crash truck” to protect workers. It’s often the first – and last – line of defense for construction workers, but it leaves a driver in that vehicle exposed to greater risk. The Colorado Department of Transportation hopes to change that, thanks to self-driving technology.
Solar power is most known as a source of electricity, but it is now proving that it belongs in other applications. Within the trucking industry, the use of solar is growing and it’s showing itself quite capable of the demands.
The recent news that the Environmental Protection Agency plans to revisit some portions of its Phase 2 greenhouse gas and fuel efficiency rules for medium- and heavy-duty on-highway trucks and engines has raised concern with the Truck and Engine Manufacturer’s Association (EMA).
Fleet Complete is the latest company to join the Blockchain in Trucking Alliance (BiTA) as a service charter member. BiTA is a consortium for the adoption, education and development of a standard framework around blockchain in the trucking industry.
To solve inefficiencies in the supply chain, project44’s goal since day one has been to focus on the automation, optimization, and visibility of the freight movements by replacing legacy technologies with its “one-to-many” connectivity.
It’s finally here. Eclipse day. And as many have predicted, traffic around the country is clogging the highways, causing delays.
Trucking venture funding continues to pick up steam. One fund, backed by the largest grouping of Fortune 1000 companies in the world and a top engineering school, makes an investment in two trucking startups for its initial set of investments.
Talk about disruptive companies. Every startup in the transportation space these days is touting itself as a disruptive company. A few will become just that. Many, if not most, will not. But few are also introducing a technology, let alone a service, that is disruptive.
Blockchain entrepreneurs have an opportunity. The logistics industry is ripe for disruption and blockchain technology is ready to take the lead.
KeepTruckin has partnered with Foley, a leader in FMCSA compliance solutions, to offer KeepTruckin’s electronic logging device to fleets. Any size fleet will have access to the KeepTruckin’s ELD and IFTA solution.
Many people don’t realize it, but construction firms have many of the same problems with truck visibility and tracking that less-than-truckload and truckload carriers have. And a truck arriving late can throw off an entire project’s schedule. That’s why Truck IT has introduce an app to help.
The latest craze in logistics is the “uberization of trucking,” i.e. digital freight brokers (DFM). In reality, though, DFMs are not new, with the first iteration of them appearing in the early 2000s with companies such as Power2Ship and TransMarkets. They have gained steam lately thanks to technological advances, but there is still some question about whether they are here to stay this time.
President Donald Trump once again took to Twitter this morning to lash out at Amazon, targeting the company’s alleged non-collection of taxes.
An industry that has a reputation of being behind the curve on technology may be at the forefront of one of the most important technological developments in decades. Yes, the trucking industry is poised to lead the blockchain way, and BiTA plans to help it get there.
McLeod Software has joined the Blockchain in Trucking Alliance (BiTA), a new organization focused on the promotion and educational efforts to utilizing blockchain technology in the transportation ecosystem.
Siemens has been awarded a contract by the German state of Hesse to build an overhead catenary line to run electric trucks along. The line will be built on a 10 kilometer stretch of the A5 federal autobahn.
Money is flowing into trucking tech startups, and it is showing no signs of slowing down. According to CB Insights, the industry is on pace for its first billion-dollar year in cumulative funding. But the question remains, how much of this windfall of funds will end up in companies that truly make a difference in the trucking space?
Two separate deals kicked off this week’s big transportation news as Greenbriar Equity Group has acquired Transplace and Descartes said it was acquiring MacroPoint.
The I-95 Corridor Coalition is moving forward with research that will help it determine whether a mileage use tax is the right approach to taxing in Pennsylvania and Delaware, according to NBC 10 Philadelphia.
Uber threw its hat into the trucking industry with its own app earlier this year, but now it is upping the stakes with new features, The Verge reports.
Picture a 40-foot container traveling from Mainland China to a suburb of Los Angeles. It often experiences more complications between the Port of LA and final destination than it does during its international trip. Is blockchain the solution to these problems?
Analysts continue to argue that EVs are not ready to compete with internal combustion engines (ICE), and technology advances will need to come in the next decade or two before EVs can dominate the marketplace. But the Tesla Model 3 is challenging that, and it’s success is something that trucking will watch closely.
The quest for alternative energy has taken over Australia. In an effort to jump on the bandwagon of electricity-powered vehicles, the government of Australia has decided to push forward with construction of a new electric super highway.
The truck productivity hit that many have feared from electronic logging devices (ELD) may not be as severe as thought, but the implementation of the devices may hit the industry hard in other ways.
The National Motor Freight Traffic Association (NMFTA) has made changes to the National Motor Freight Classification (NMFC). The changes, which took effect on Aug. 5, will impact how some items are packaged and costs to shippers, particularly those shipping via less than truckload.
A new month, but the same old story. Spot rates rose again according to data from DAT, with the national van and flatbed rates each climbing 3 cents per mile and refrigerated rates rising 4 cents for the week of July 30 to Aug. 5.
According to an internal company email obtained by Reuters, Tesla has spoken with the Nevada Department of Motor Vehicles about testing autonomous electric trucks with no driver in the cab on Nevada roadways.
Former Thomson Reuters Senior Executive Eric Frank has joined TransRisk’s Board of Advisors.
One of the great vulnerabilities in any nation is the food supply. The movement of food is dependent on many entities ensuring compliance with regulations, proper temperature control, proper handling and cleaning and more, including security. That is where blockchain technology holds great promise.
Hyperloop One completed a high-speed test of its pod on its Nevada track test at the end of July, moving it closer to its target speed for its planned pilot in Dubai.
Mercedes-Benz Trucks, a Daimler brand, has successfully made its first 3D printed repair part. The part, a thermostat cover for a Unimog model has passed all the stages of the stringent quality assurance process, Mercedes-Benz said.
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.
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.
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.
A successful test of Hyperloop One’s technology has given rise the possibility that intermodal freight may someday be moved using the technology.
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.
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?
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.
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.
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.
Following years of complaints from the trucking industry that carriers are unfairly penalized for crashes that are not the driver’s fault, FMCSA is launching a 2-year demonstration program that allows carriers to dispute the findings of a crash.
Autonomous trucks, it turns out, may not be coming for the truck driver’s job after all. While many are predicting the demise of the worker due to automation, a leading expert on robots says that it will be many years before robots achieve the machine learning capabilities to operate amongst humans.
Embark Trucks has announced a $15 million round of fundraising and a collaboration with Peterbilt Motors. The funding was a collective effort spearheaded by Data Collective, reported TechCrunch.
J.B. Hunt has acquired Specialized Logistics Dedicated for $136 million. The move expands the firm’s access to last-mile distribution services.
Plenty of load boards and brokers exist for trucking companies looking for freight. There are nearly 600 found on a basic web listing – and likely many, many more. But there are few, if any, like Sleek Fleet.
While platooning vehicles are close to real-world operation, the world itself may not be ready for them. According to a guide for legislators created by the Competitive Enterprise Institute, the varied nature of state laws may limited where platooning vehicles may operate.
Google Glass, those futuristic glasses created by Google a few years ago are back. Discontinued after meeting with only minor success despite great introductory fanfare, they have now made a reappearance with a focus on corporate America.
The on-again, off-again saga over the electronic logging device rule is back on again after language was inserted into a House appropriations bill this week directing FMCSA to review the rule and make a determination if the rule should be delayed or changed.
A world with zero fatalities caused by road accidents sounds pretty idealistic — but is it realistic? The communities around the world backing the Vision Zero initiative think so.
Last week, Volvo Trucks announced that it would soon be adding Apply CarPlay to its lineup as an optional package. More connected trucks will soon become commonplace, and maybe in the commercial transportation space, technologies such as this, Android Auto and WiFi will be welcomed additions.
Fleets outfitting their tractors with 6×2 axle are still finding benefits, but adoption of the configuration has been slow according to a North American Council for Freight Efficiency (NACFE) and Carbon War Room update to its 2013 Confidence Report on 6×2 axles.
This week kicked off a series of 16 customer and dealer events at Volvo’s new Customer Center here. It was one of several big news events for the company – the others being an update on its new VNR regional tractor model which was introduced in April, and the first unveiling of an updated VNL line.
According to a report in a German newspaper, Daimler has now been swept up in the emissions cheating scandals that have been raging across Europe in recent years.
As much of the world is progressing towards Industry 4.0, Japan is going a step further. In its recently released Growth Strategy 2017 report, the county puts technological achievements, such as autonomous trucks and drone deliveries, on the fast track as it seeks to develop Society 5.0.
