Warehouse space is increasingly shrinking, with vacancy rates near all-time lows. As space dwindles, those companies looking to move a single truckload to a warehouse for two weeks are forced to pay high premiums. Warehouse provider Stord is out to change that.
According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
As the Congress works on developing legislation aimed at regulating self-driving vehicles, Transportation Secretary Elaine Chao is looking to guide that legislation with less of a regulatory hand, according to Bloomberg.
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Self-driving technology puts truck driver jobs at risk, however, the potential benefits are rewarding. And that is making it a hot topic in Washington, where legislators are trying to determine how involved the government should be.
Electric vehicles have come a long way, yet there is an important question that never seems to get addressed when discussing electric cars and trucks: what happens if the power goes out? Will your trucks still make their deliveries?
Warehouse space is increasingly shrinking, with vacancy rates near all-time lows. As space dwindles, those companies looking to move a single truckload to a warehouse for two weeks are forced to pay high premiums. Warehouse provider Stord is out to change that.
According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
With the introduction of smart insurance contracts in transportation applications, companies in the freight business could emulate a similar offering to solve some of the major disruption risks involved in carrier service failures.
As Nikola Motor continues to develop its hydrogen-electric Class 8 tractor, the company continues to evolve its design. The latest is the introduction of an eAxle developed by Bosch.
No need for those extra extension cords just yet; electric vehicles are not about to take over the world. That is one of the points that Lars Stengvist, CTO of the Volvo Group and EVP of Volvo Group Truck Technology, made to a select group of reporters during a roundtable discussion on truck technologies
Small carriers and owner-operators have capacity to offer, but those that need it most – larger, Fortune 1000 shippers, don’t have access to that capacity because it is not cost-effective to onboard small carriers hauling just a few loads. Sudu, though, is changing that dynamic.
Anyone that has ever bought a house or vehicle knows how much of a pain it is and that is assuming you have a clean title. If not, all bets are off. With blockchain, the transfer of assets could be instant and without the risks normally involved in buying and selling.
TMW Systems sees enormous potential with blockchain technology, but notes that successful implementation requires a “strong partnership with a technology provider that understands its intricacies and potential applications.”
In recent years, players in the transportation industry have embraced technology and this has greatly helped in solving the many challenges associated with manual operations, and the future is even brighter in the years to come.
Digital freight brokers are using "Daily-deal" tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.
Larger fleet owners that have been looking forward to autonomous trucks to solve the pesky driver shortage may find themselves unemployed too
Google's has invested more than $1.1B dollars in driverless technology. The number was revealed in court documents involved in the lawsuit between Uber and Google over its handling of Otto and self-driving IP
The ongoing and future transformation in the industry will not only benefit the carriers, truckers and shippers, but also the controlling authorities as well as positively impact other industries in the market and the economy at large. Here are a few of the technologies already impacting the industry.
After several years in development, Daimler Trucks unveiled its electric Mitsubishi Fuso eCanter yesterday at a ceremony in New York City. The first trucks have been delivered to UPS and four New York City-based NGOs.
As blockchain transactions begin to take hold in the general economy and the supply chain in particular, there is a growing question of how to speed financial transactions. According to Coin Telegraph, the answer may be tokens.
Blockchain has taken center stage in 2017, and we are only at the beginning. But before everyone declares blockchain the solution to all the world’s problems, two authors note that there needs to be standards and governance to make it work.
Delphi CTO says that autonomous vehicles will come to cities and ports long before they will ever go into the highway or over-the-road trucking markets
Ask an over-the-road truck driver what their biggest concerns are and you won’t have to go far down the list before finding a safe place to park appears. But a new company is hoping to change that, allowing drivers to reserve a spot ahead of time at a nominal fee.
One of the biggest trends in the field of freight logistics is the digitization of the trucking industry, which has a market of over $700 billion every year.
Proponents of autonomous trucks found plenty to be happy with during Wednesday’s Senate Committee on Commerce, Science and Transportation hearing on the technology.
TMW acquires truckload visibility aggregator, 10-4, continuing a trend of FreightTech acquisitions in the market transparency space.
Following passage of a House bill last week that set the framework for autonomous automobiles, trucking gets its chance to state its case today in front of a Senate committee.
There are certain practices in trucking that are not above board and cause a lot of strain on the companies in the space. Will the implementation of blockchain smart contracts, these practices could be ended, ushering in transparency and fairness for all involved.
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 Fed announced today that it will allow $10 billion of Treasury and mortgage-backed securities to mature each month without buying new ones as it cautiously approaches the wind down to avoid another financial collapse.
Truck tonnage rose in August and driver turnover jumped in the second quarter according to the latest data from the American Trucking Associations.
The East Coast could see two back-to-back hurricanes hit over the next ten days. With an already-steteched national supply-chain, it will test our logistics infrastructure.
The trucking industry, working in partnership with major retailers and consumer package goods companies respond to the recent devastation by delivering much needed relief supplies.
The numbers are startling: 250,000 U.S. drivers fall asleep at the wheel each day; 83,000 drowsy-driving related crashes occurred between 2005 and 2009, and there is a drowsy-driving related crash every 25 seconds. For trucking companies, the costs can be staggering.
As Hurricane Irma continues to move through the Southeast, some of its impacts are now being assessed, and they are likely to disrupt operations for many for days and weeks to come.
A natural disaster can rarely be called a benefit, but there are positives for the transportation industry and its investors from the double hit the nation took from Hurricanes Harvey and Irma. From higher stock prices to higher rates, trucking may be poised to reap many benefits from the storms.
Warehouse facilities are a key component for logistic operations and managing the warehouse efficiently can have a noticeable impact on the bottom line. Reining in electricity costs, though, remains difficult. That's why warehouse operators need options.
The U.S. House of Representatives defeated an amendment late Wednesday that would have restricted funding for the ELD mandate until at least Sept. 30, 2018. The amendment was added to an appropriations bill by Rep. Brian Babin (R-TX).
An already robust spot truckload freight market is now reacting to the effects of Hurricane Harvey, and with Irma on the horizon and wild fires burning out west, is now showing few signs of slowing down.
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Self-driving technology puts truck driver jobs at risk, however, the potential benefits are rewarding. And that is making it a hot topic in Washington, where legislators are trying to determine how involved the government should be.
Fleet Complete Chief Strategy Officer Sandeep Kar will participate in two panels next week as part of the Connected Fleets USA 2017 Conference.
Electric vehicles have come a long way, yet there is an important question that never seems to get addressed when discussing electric cars and trucks: what happens if the power goes out? Will your trucks still make their deliveries?
Warehouse space is increasingly shrinking, with vacancy rates near all-time lows. As space dwindles, those companies looking to move a single truckload to a warehouse for two weeks are forced to pay high premiums. Warehouse provider Stord is out to change that.
Four more former Pilot Flying J executives formally pleaded guilty to charges related to the company’s alleged defrauding of carriers.
The Belt-And-Road Initiative is proving to be an ambitious plan. But there is no stopping the Chinese government as it has secured a joint venture deal with Hong Kong-based rail company MTR. The deal will result in connecting major cities in Asia within the area defined by the initiative.
Continued tightening of capacity is driving up FTR’s Trucking Conditions Index (TCI). The TCI for July posted a positive reading of 5.75, reflecting tightening capacity, rising spot rates and a further impact this fall and winter from the implementation of electronic logging devices, FTR said.
According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
As the Congress works on developing legislation aimed at regulating self-driving vehicles, Transportation Secretary Elaine Chao is looking to guide that legislation with less of a regulatory hand, according to Bloomberg.
With the introduction of smart insurance contracts in transportation applications, companies in the freight business could emulate a similar offering to solve some of the major disruption risks involved in carrier service failures.
The Fed announced today that it will allow $10 billion of Treasury and mortgage-backed securities to mature each month without buying new ones as it cautiously approaches the wind down to avoid another financial collapse.
As Nikola Motor continues to develop its hydrogen-electric Class 8 tractor, the company continues to evolve its design. The latest is the introduction of an eAxle developed by Bosch.
No need for those extra extension cords just yet; electric vehicles are not about to take over the world. That is one of the points that Lars Stengvist, CTO of the Volvo Group and EVP of Volvo Group Truck Technology, made to a select group of reporters during a roundtable discussion on truck technologies
Truck tonnage rose in August and driver turnover jumped in the second quarter according to the latest data from the American Trucking Associations.
The new Defense Department budget includes funds set aside to study blockchain and the impact of the technology in the hands of either the good guys or bad. This could be a good thing for the US logistics industry, as some of the research will probably make into the private sector.
While it appears the East Coast dodged a bullet with Hurricane Jose, the next 10 days look to be a busy time for transportation interests along the coast as Hurricane Maria’s track remains uncertain and there is still potential impacts from that storm early next week.
Small carriers and owner-operators have capacity to offer, but those that need it most – larger, Fortune 1000 shippers, don’t have access to that capacity because it is not cost-effective to onboard small carriers hauling just a few loads. Sudu, though, is changing that dynamic.
Celadon Group has sold its flatbed trucking division to PS Logistics as it seeks regain its footing a leading trucking provider. Terms of the deal were not disclosed.
Anyone that has ever bought a house or vehicle knows how much of a pain it is and that is assuming you have a clean title. If not, all bets are off. With blockchain, the transfer of assets could be instant and without the risks normally involved in buying and selling.
Bitcoin has been on a wild-ride and some people think the future is zero. This will be a good thing for commercial blockchain applications.
TMW Systems sees enormous potential with blockchain technology, but notes that successful implementation requires a “strong partnership with a technology provider that understands its intricacies and potential applications.”
The Federal Highway Administration (FHWA) conducted a three-truck platooning test in Centreville, VA, last week, along I-66. The test, using Volvo Trucks, was designed to the effectiveness of autonomous and vehicle-to-vehicle communications technologies.
In recent years, players in the transportation industry have embraced technology and this has greatly helped in solving the many challenges associated with manual operations, and the future is even brighter in the years to come.
The East Coast could see two back-to-back hurricanes hit over the next ten days. With an already-steteched national supply-chain, it will test our logistics infrastructure.
Few people get to experience what the journey of a global container goes through and what its like being on a ship as it makes the trip. With over 90% of global cargo moving via ship, its an important part of our world economy. See what you are missing.
Digital freight brokers are using "Daily-deal" tactics to get revenue growth. They sold themselves as a platform to change the inefficient trucking industry, but have found it difficult to find quality sources of high-volume freight. These platforms have resorted to aggressive pricing tactics using investor capital. What will find is that as soon as they change prices, shipper loyalty will evaporate.
For the second time in just over a month, Canada’s TFI International has chipped to help the relief and rescue efforts of those devastated by a hurricane in the U.S.
Larger fleet owners that have been looking forward to autonomous trucks to solve the pesky driver shortage may find themselves unemployed too
Google's has invested more than $1.1B dollars in driverless technology. The number was revealed in court documents involved in the lawsuit between Uber and Google over its handling of Otto and self-driving IP
The ongoing and future transformation in the industry will not only benefit the carriers, truckers and shippers, but also the controlling authorities as well as positively impact other industries in the market and the economy at large. Here are a few of the technologies already impacting the industry.
Electric vehicles have come a long way, yet there is an important question that never seems to get addressed when discussing electric cars and trucks: what happens if the power goes out? Will your trucks still make their deliveries?