October 2018

XPO to roll out suite of I.T. improvements for LTL unit.

Severe thunderstorms turned deadly across Italy earlier this week, causing major flooding in Venice.

FreightWaves, the number one logistics news site in the world, has partnered with Benzinga, a leading financial media outlet, to distribute dynamic news impacting the ever-changing freight markets.

The project is expected to allow for easier freight movement in the area, especially for trucks moving eastbound from northern Mississippi.  

You need HOW many dry van trailers to hold all the candy purchased for Halloween?

The freight market is showing the first signs of turning in over a month. Is this the start of retail season?

The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.

LTL carrier says Northeast expansion to continue with new facilities, but segment remains at breakeven results.

iLabX will be run in collaboration with L Marks, a corporate innovation specialist. The program will accept entries in four categories related to tech and transport.

Severe storms from Texas to Mississippi will make freight delivery tougher the next couple days. Torrential rain, strong winds, and isolated tornadoes all possible.

FMCSA is allowing concrete pumper operators to work up to 14 hours in a day through a new exemption to the 12-hour workday for short-haul operators.

Will fundamental policy changes happen over the next two years leading up to the general election regardless of which party wins out?

An advanced “BOSS’ fulfillment model is ready for the holidays.

In a CarrierLists survey of fleets, most respondents expect rates and volumes to remain the same or improve in 2019.

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.

A wide range of technological solutions for supply chains seeking efficiencies will be on display at MarketWaves near Dallas November 12-13.

Japanese carrier expects $600 million loss in fiscal year ending March 31, 2019, as liftings disappoint, especially on backhaul legs.

FreightWaves discussed how the midterm elections impact the economy at large, and specifically how it pertains to freight. What are the implications to the economic indicators regardless of the winner?

Domestic injury by imports of common alloy aluminum sheet from China considered in the first antidumping/countervailing duty case self-initiated by Commerce in 25 years.

There were nine challenges to the results in the first contested election in 18 years.

The European Commission authorized the acquisition of the Finnish container transportation and logistics company.

Transshipping through Honolulu rather than Guam will reduce transit time from U.S. mainland by about a week.

Sam Ruda becomes the interim director for the Port Authority of New York & New Jersey; Clark Robertson joins the Port of Corpus Christi as chief operating officer.

The Eden Prairie, Minn.-based third-party logistics provider reports growth across all transportation service lines.

Stockholm-headquartered CargoIT added to growing worldwide portfolio.

The Florida port moved nearly 1.3 TEUs in FY18; Puerto Rican business grew 37 percent.

Fourth-quarter results are expected to be negatively impacted by a hurricane in the U.S., coal shipment delays in Australia and a locomotive driver shortage in the U.K.

California man is sentenced to two years behind bars after pleading guilty to conspiracy to commit bribery.

Incoming CEO Rourke brings experience in driver training, account management and truckload services.

A look at Flatbed, Dry Van, and Reefer trailers.

The Dispute Settlement Body on Monday discussed several U.S.-related actions recently taken, including Section 232 tariffs and a request related to Chinese IP.

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.

Typhoon Yutu has killed at least eight people in two countries, while Hurricane Oscar heads toward the U.K.

On Monday, November 5th, UPS returns to its pedal power origins with a year-long pilot project that will make deliveries using electric-assist cargo bikes in downtown Seattle. 

WITH THE U.S. OIL and natural gas market continuing to boom, and production of both rising, FreightWaves’ chief energy analyst Mike Mitchell has written a primer on what happens during the fracking process. Through it, you will be able to see the numerous necessary steps that requires a truck in the process to get done.

Canada’s largest railroad boosts intermodal and refrigerated service offering with acquisition of major trucking company.

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

Parking is a hot button issue across the transportation industry, but it certainly does not carry the same weight among drivers and those who manage transportation companies.

FreightWaves adds agricultural commodity and warehouse data to SONAR.

While 60% did say that ELDs were forcing drivers to stop, rest, and run legally, the other 40% of respondents felt that ELDs decreased driver safety, as well as for others on the road.

Combined companies will have a fleet of 38 ships.

The divergence on that issue isn’t the only one: not surprisingly, management and drivers see the driver shortage issue through different lenses.

There have been few revisions since the program started in 1789; 2018 marks the biggest transformation in its long history.

The Pomerenia Sky was en route from Luanda, Angola to Onne, Nigeria.

The Commerce Department on Monday placed restrictions on U.S. exports to Fujian Jinhua Integrated Circuit Co. Ltd., citing national security concerns.

Savi and ORBCOMM will track and monitor nearly 24,000 high-value military assets.

The logistics software solutions provider expects sharp increases in earnings and revenue.

The bill, called the Opioid Crisis Response Act of 2018, directs the Substance Abuse and Mental Health Services Administration to report to Congress on its progress creating and issuing guidelines for hair testing.

As we approach the holiday retail season, carriers and brokers have shifted their attention to the country’s major ports to capture upward volatility in trucking volumes.

(Las Vegas, 29 October 2018) – The CargoX platform was presented at the JOC Logistics Technology conference in Las Vegas by Patrick Vlačič, CargoX’s maritime legal expert, on stage with Andrew McLoone, director of operations at BDP International.

The Teamsters union has said that proposed changes to a tentative contract from UPS Freight, UPS Inc.’s (NYSE:UPS) less-than-truckload unit, fails to address the grievances raised by the rank-and-file, and that the union’s negotiating committee will call a nationwide strike sometime after Nov. 12 if workers reject the company’s offer.

A long list of concerns in the ATA President’s annual speech to his group’s conference, including young drivers and California’s own laws.

The FreightWaves Research Institute performed a global study by stock ticker symbol for all public companies in the freight industry.

Truckers will face weather challenges in the western U.S. this week, as well as the southern states. Heavy snow, rain, and wind are in the forecast.

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.

International Trucks has introduced a new spec package for its LT Series that it says will increase fuel efficiency by up to 8%.

Peterbilt Motor Company has added two additional ratings to its MX-13 engine family for the 2019 model year, both aimed at increasing uptime and improving fuel economy for truck owners.

After Super Typhoon Yutu crashed into the U.S.’s northern Mariana Islands last week, the Philippines is getting ready for the storm to strike. Storm surge, flooding, landslides likely.

While there are plenty of TMS systems out there, few to none have traction in the machine learning space.

Seeking to deliver cost-efficient solutions for fleets and take advantage of the new trend toward openness and convergence, SmartDrive Systems in collaboration with Geotab has introduced a new platform designed to lower costs and create a single point of connectivity.

Northern Block, a Toronto-based blockchain product venture shop, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace.

Under the terms of the Saudi joint venture, Greenbrier, the second largest freight railcar manufacturer in the U.S., will provide up to $100 million in new railcars, lift equipment and other terminal investments, and will operate intermodal and other freight terminals.

Spireon has new financial backing and a market that still has a lot of trailers without GPS tracking.

Truckers at the ports of Los Angeles and Long Beach often are required to bring empty containers to a terminal different from the one where they were picked up.

The proposed crude oil export terminal is expected to be operational in late 2020.

The Hong Kong-based container carrier moved 1.71 million TEUs and recorded revenues of $1.56 billion for the third quarter of 2018.

Precision railroading has worked, but consistent success has been elusive.

Germany, Greater China, Australia, New Zealand, the United Arab Emirates and Vietnam now are available as import options.

The company benefited from new business, higher volumes and a lower tax rate and by passing on higher fuel costs to customers.

Tan Wee Beng is accused of laundering millions of dollars through the U.S. financial system.

On the agenda for the day: AOBRD transition, personal conveyance, sleeper berth rule and plenty of other issues for FMCSA’s top attorney.

Drayage to be test bed as OTR market remains out of EV reach.

Trucker Path’s acquihire to end 2017 saved FreightTech from a hangover that might have made funding for other trucking startups difficult

Martinez also said the process has begun to look at the overlapping rules regarding agriculture transportation, and he clearly doesn’t favor California’s separate rules on meal breaks.

East coast bound containers from China are getting a pre-holiday discount as shippers increase volume to North America in front of tariff increases.

FreightWaves Chief Economist Ibrahiim Bayaan and FreightWaves Chief Analytics Officer Dean Croke explained what the data is saying about the freight market in this week’s monthly market update.

Surge in low-sulfur fuel use by ships could usher in two to three year period of uncertainty in refining industry.

Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.

The new tool will allow machine learning to accept and interpret counteroffers from carriers, and decide if they’re too high or just right.

Ryder System (NYSE: R) reported record total revenue and record operating revenue for the third quarter. Both total and operating revenue grew across all business segments, which the company attributed to new business and higher volumes.

When you consider all the implications of the service, it may be one of the biggest deals happening in the industry that you haven’t heard about.

Fierce winds will make freight movement difficult this weekend in the Northeast, but drivers and trucking companies do everything possible to reduce accidents.

JP and Chad slug a Sweetwater IPA and Brooklyn Lager. Then, they tackle the headlines of the week: Tesla posts epic earnings beat, FMCSA will no longer assume a commercial driver “is always a human” as it prods autonomous trucking, Whitepaper: TransportTech venture capital trending hot. Then, they bring back the Big Deal, Little Deal? What’s the deal with JP?

Growth in the US economy slowed slightly in the third quarter of the year, but remains strong headed into the end of 2018 and consumers and inventory building carried the load.

CH Robinson’s CEO sees a more balanced supply-demand scale next year.

Assets to be acquired are still unclear, but deal could expand Ceva’s North American and Asian presence.

There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.

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

Conduit’s goal is to help shippers save time, uncover price anomalies, and manage operational data.

Supply chain efficiency is even more important when carriers have the upper hand.

International Maritime Organization also adopts a ban on carriage of noncompliant fuel.

Three loops between the Mediterranean and the Middle East/Indian Subcontinent will change within the next few weeks.

S.F. Holding is paying about $796 million in what the two companies are calling a 10-year strategic partnership.

Negotiating objectives are being considered for a potential U.S.-Japan trade deal that aims to “address both tariff and non-tariff barriers and to achieve fairer, more balanced trade.”

Greenbriar Equity invests an undisclosed amount in Spireon, becoming its primary investor in the process. Spireon believes this partnership would help it with operational flexibility and in expanding its network across different verticals in the transportation sector.

It was a better quarter for three companies representing different sectors: 3PL, intermodal and truckload.

“The Port of Brunswick achieved a solid performance across all cargo categories,” says GPA Executive Director Griff Lynch.

Nor’easter will drench major cities in the Northeast and New England this weekend. Flooding and wind damage possible.

U.S. Xpress Enterprises recently announced the promotion of longtime employee Justin Harness from senior vice president of dedicated operations to chief marketing officer.