Bronczek’s abrupt retirement as FedEx president, COO sheds light on mandatory retirement policy change
Raj Subramaniam steps up as Bronczek retires.
Raj Subramaniam steps up as Bronczek retires.
V.Group has acquired Global Marine Travel (GMT) from Inchcape Shipping Services according to a V.Group press release. The acquisition will increase the scale of V.Group’s operations to offer global 24/7 travel services.
There are currently about 30,000 carriers on the Uber Freight network, according to the company. That number is expected to continue to grow.
Jacobs now must manage through loss of $600 million of his largest customer’s business.
In the transportation and logistics circles, blockchain has been an enigma – a technology that holds extensive promise on paper, and yet on the flip side, is extremely hard to implement.
Canopy Growth says retail availability of its recreational cannabis productions have increased as it reported record revenues on the newly legal Canadian market.
Several more feet of snowfall, whiteout conditions likely to delay drivers in the Sierras this weekend. It’s been a busy season, especially compared to last winter.
Today on FWNOW, Market Expert Donny Gilbert gives his best advice to brokers. What do you do when volumes remain high and tender rejections are at an all-time low? Plus, what’s happening this weekend with the weather?
The absolute first step in evaluating your business as a User Interface is to do a thorough audit of every and all daily, weekly and monthly tasks and processes to provide a strong benchmark for where you are versus where you will be.
There were only ever two good reasons for Amazon to build a headquarters in greater New York City.
What the Truck is going on in all things freight this week? We are visited by two special guests for this week’s episode: Zach Strickland and making his “inaugural debut” Michael Crosby. Weekly Market Update: What is happening from a carrier’s perspective, and what is happening from a shipper’s perspective? We’ve got the yen and the yang. Futures: And as a matter of fact, it’s these two different points of view that make for a trucking freight futures market: Houston and Dallas. And then Zach and Chad play a round of Big deal, little deal (what’s the deal with you)?
Dana Inc. (NYSE: DAN) beat Wall Street’s consensus revenue expectations of $1.91 billion for the fourth quarter of 2018.
Willie Frank Spight III had a number of options for how to spend his midwinter, two-week study reserved for seniors project, but he wanted some real life, real-time experience.
Electric vehicle startup Rivian announced a $700 million funding round led by Amazon (NASDAQ: AMZN) today, February 15. The investment comes after the Michigan-based company unveiled its all-electric R1T pickup and R1S SUV last fall.
Containerized import volumes increased 9 percent last month over January 2018 totals.
The largest Canadian freight brokerage purchased a 3PL concentrated in the Southeastern United States.
Card carrying Conservative at North European ferry operator appeals directly to the British Shipping and Transport ministers, Nusrat Ghani and Chris Grayling respectively, in a bid to capture overspill freight from competitors following Brexit.
Transparency19 is getting closer! Here’s what you can expect your time to go towards.
Road Hunter, an app that provides tools for truckers, has launched a trip-planning feature on its platform that its active users can use for free.
A 25 percent tariff on $200 billion worth of Chinese goods destined for the U.S. may get delayed again, but supply chain uncertainty persists.
Plus: Record container loads, investor enthusiasm for Green New Deal and how much tariffs cost the U.S. economy
Swiss freight forwarder looks to the Middle East for opportunity with deal for one-time provider of logistics services to U.S. military.
The Swiss forwarding company Panalpina and Kuwait-based Agility talk “partnership opportunities” while the Danish firm DSV makes an all-cash offer for Panalpina.
Longshoremen working for DP World Australia (DPWA) are fired up over an alleged threat to their income protection insurance. That benefit was granted to them by the company three years ago in the last round of negotiations for a collective employment contract known as an “enterprise agreement”.
FedEx shares also tumble over speculation that Amazon may handle more logistics work in house.
The 2020 model year Freightliner New Cascadia features technologies that qualify it as a Level 2 autonomous, but drivers shouldn’t be scared off by that.
The Maritime Administration’s Port Infrastructure Development program receives funding for grants for the first time in the Consolidated Appropriations Act, 2019.
Customs and Border Protection said shipments on board the Yantian Express were in the process of being released prior to arrival in the U.S.
Interorient Marine Services will pay a $2 million fine to the U.S. government for attempting to conceal oily discharges into the Gulf of Mexico.
The rule is a revision of an existing one and requires railroads to establish geographic response zones and ensure personnel and equipment are staged and prepared.
OFAC said the violations were the result of rogue managers at AppliChem continuing illicit exports from Europe to Cuba under the nose of their U.S. owner.
The record-setting stow took place at the PSA Singapore terminal on the ultra large containership’s westbound departure to North Europe.
Every three years each of the stevedore companies enter into a protracted and bitter dispute with the local longshoremen’s representative body, the Maritime Union of Australia. This short article explains how and why.
Chris Henry, Program Manager, TCA Profitability Program (SOURCE: SHUTTERSTOCK) Nothing irritates me more than a poorly designed order / checkout process on a website. The causes of frustration can be […]
Wharfies are eyeing strikes at DP World Australia in pursuit of better terms and conditions in their next collective employment contract. Asian maritime shipping schedules and landside Australian logistics timetables could be thrown into disarray.
project44’s Jett McCandless, KeepTruckin’s Ori Franco, Transfix’s Drew McElroy, and Freightos’ Philip von Mecklenburg-Blumenthal were all panelists.
Share buybacks a better use of capital, Jacobs asserts.
Decision triggered by changes in Verizon Wireless product distribution.
Raging floods have led to water rescues, debris flows, evacuations in southern California. Threat continues tonight.
Ike CEO Alden Woodrow and TuSimple chief product officer Chuck Price discuss the value of being the first company to bring a fully autonomous truck to market, the trucking hardware challenge and how to get buy-in from the public and regulators.
A convoy of more than 150 trucks is trekking 2,500 miles from Alberta to Canada’s capital, Ottawa, to push for more pipelines and less regulation of the energy regulation
Elroy Air is working to expand the reach of expedited logistics by introducing an aerial cargo vertical takeoff and landing (VTOL) system that is designed specifically for carrying medium payload cargo over fairly long range distances.
On today’s FreightWaves NOW CEO Craig Fuller tells us what the freight futures market is all about and why it needs to happen now, meteorologist Nick Austin says keep clear of the Sierras if you can.
BorgWarner Inc. (NYSE: BWA) beat Wall Street’s consensus revenue expectations of $2.55 billion for the fourth quarter of 2018, even though the company’s sales decreased 0.5 percent year-over-year (Y/Y), from $2.586 billion to $2.572 billion.
On its face, the ELD mandate’s sole goal was to improve compliance with the present hours of service (HOS) regulations promulgated by the FMCSA.
“It’s all about the cost savings, and, by the way, we’re also using the lowest emission option.”
Retail sales tumbled by the largest amount in over nine years in December 2018, providing a disappointing end to what was otherwise a strong year for the retail sector. The 2018 holiday season ended up well below expectations, and introduces some fresh concerns about the strength of the economy going forward.
FreightWaves, the world’s largest freight news and data provider, has announced the launch of FreightWaves Radio on SiriusXM’s Road Dog Trucking Radio channel 146.
While polls show that more than two-thirds of New Yorkers support the plan, politicians at the state and local level poisoned the relationship, the company suggested.
Maersk’s deal with New Jersey-based PBF Logistics secures 10% of the line’s IMO 2020 compliant fuel supply.
ODFL spends money on aggressive capex building out its network of service centers and maintaining a low tractor-to-trailer ratio, as well as, increasingly, share buybacks.
Thousands of retail stores to shutdown this year; Amazon’s Whole Foods increases grocery prices citing inflation; U.S. retail sales record worst drop since 2009.
In partnership with Reliance Partners …Telecom operators are terminating cell phone based tracking services, which would be a game changer in the freight industry as many shippers and 3PLs depend on cellphone pings to track freight movement.
Rise in expansion and efficiency projects comes after strong year of growth in company’s intermodal business.
The Houston-based startup is run by executives with decades of experience in global logistics, and plans to tackle the oil and gas vertical first.
Valentine’s day is all about love… and logistics.
But U.S.-China Business Council Senior Vice President Erin Ennis indicated she sees a path forward in negotiations during the National Association of Foreign-Trade Zones Legislative Summit.
The nation’s top electricity regulator gives exclusive insight into how the infrastructure behind electric trucks could fuel the coming transportation transformation.
Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
An increase in the gas tax and maintaining balanced economic regulation in railroading also were discussed during Wednesday’s Senate committee hearing.
San Francisco-based logistics provider Flexport is rumored to be in talks to raise about $500 million in a deal lead by SoftBank Group Corp. (OTC US: SFBTF), according to an article published on Axios Wednesday.
The Port of Long Beach, however, had decreases in total volume, imports and exports in January.
Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs
World’s largest container lessor says customer demand was supported by solid trade growth and increased reliance by carriers on leased containers.
Heads of less than container load and finance and a maritime director are appointed.
Never-ending peak season may finally be peaking as shippers rush in goods; shipowners tallying up the cost of scrubbers.
The European Union has solidified its position to create a technology platform that will allow ocean carriers to report standard data to port authorities.
Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.
Baraja raised U.S.$35m on the back of its ability to use lasers, prisms and the colors of the rainbow to grant sight to machines. It’s a critical step on the path to helping vehicles drive themselves. Photo – Shutterstock.
(PHOTO: JIM ALLEN/FREIGHTWAVES) By TCA Vice President of Government Affairs Dave Heller & TCA Manager of Government Affairs Kathryn Sanner By now, you have undoubtedly read the news that a […]
LTL space in Northeast will be at premium once NEMF goes out. Here’s how everyone is adjusting to the new reality.
Torrential downpours and hurricane-force winds have been flooding streets, toppling trees and power lines in the San Francisco Bay area. Threats spread to southern California tonight.
Things are looking pretty good for the future of freight.
On todays episode Chad Prevost talks to three market experts: Nick Austin with the weather, Daniel Pickett with DAT Van Rates, Ibrahiim Bayaan with Macro and Micro Economics.
So far this February has been what we would expect. Does the normally slow month have any surprises up its sleeves?
Driver detention has plagued the trucking industry for years,. Now that the electronic logging device (ELD) mandate is in effect and fleets are decked out with more technology than ever, carriers have a better view of just how much detention is costing them.
The Schulte Group has acquired a majority stake in TecHullClean Ltd. (THC). Schulte said in a press release that the acquisition will expand the range of its underwater ship inspection, repair and maintenance (IRM) solutions.
Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.
Critical fire weather conditions have developed across parts of the nation’s heartland. Warm temperatures, low humidity, very dry ground. One spark could set up a chain reaction.
Maersk says it will expand the technology behind its customs house brokerage business as well as developing its integrated logistics business.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Plus One Robotics helps warehousing robots get scene perception, allowing them to identify and pick parcels from a cluttered pile.
Options are a key hedging tool, because they can require a far smaller initial outlay for a company to protect itself from wild price swings.
A bipartisan deal on the table. Amazon and GM consider investing in electric pickup maker, Rivian. The volatility of spring markets. All this and more in today’s pickup.
The bill would realign Section 232 investigative authorities with the Defense Department and let Congress strike down any ordered duties through a resolution of disapproval.
Customs house brokerage is a “sticky” service, and that’s what makes it attractive.
Stifel’s head of equity strategy thinks the stock market will be weak for the next decade and that the federal government will default on debt unless it can force access into Chinese markets.
Backed by CI Capital, the Chicago-based company already has made two acquisitions this year.
Leading dry bulk operator lists out upsets in iron ore and soybean trade as shipping rates slide on weak China demand.
The most common pests intercepted by U.S. Customs and Border Protection agriculture specialists in imported flowers are aphids, thrips, moths, miner flies and mites.
U.S. freight forwarders are frustrated by the lack of details from the airlines about their arrived imports, let alone the payment terms and conditions.
The board’s executive secretary said companies intensively involved in re-export activities are among those seeking to benefit from the foreign-trade zones program.
The terminal, which also is acquiring lifting and container yard equipment, has the option to buy another crane this year.
The company will use the investment to grow its commercial autonomous fleet.
From sales to science, a slew of appointments take place in the U.S. and U.K.
Friday 15 February will be the day that some ships departing British ports, for six-week journeys across the globe, will need to know whether Britain is subject to a no-deal Brexit or is continuing as a member of the European Union and therefore which what documents to carry with them.
Tax incentives that make for cheaper diesel fuel ran out in 2018, and the trucking industry is looking for a vehicle on which to extend it. Could it be the border wall?
Supply chains, not guitar strings.
How do you re-distribute $400 million of LTL freight? Not easily.