A new survey of small fleets and owner-operators found they would like to utilize many of the same tools larger fleets do to control costs, including more technology like predictive maintenance.
Specialty retail and electronics retail stores are the least efficient loading and unloading docks for carriers according to FreightWaves latest index.
College students interested in supply chain and logistics from 14 schools across the country competed in the first-ever FreightTech Innovation Case Challenge Competition this weekend in Chattanooga, Tennessee.
Participants included Maersk Growth, the capital venture arm of the shipping giant Maersk, and Alstin Fund II from the Maschmeyer Group.
Down Under Trucking: a round-up of news, information and the latest developments from the Australian trucking industry. Top news this week is the announcement of a A$2 billion (US$1.4 billion) road safety funding package by the Australian Prime Minister, Scott Morrison. Funding was a big theme this week, as was driver safety, road safety and fatigue.
Problems with some U.S. crude oil exports, more concerns for the IMO2020 switch, and the lessening impact of Donald Trump’s oil tweets.
Having the right visibility into the supply chain not only requires having the right TMS system, but also the right design of your networks.
Group hopes to set standards for `shippers of choice’.
Amazon to diversify from Boeing 767 flying.
Historic flooding has caused around $1 billion dollars in agricultural damage in Iowa, Nebraska. Roads, rails still out of service.
Increases in manufacturing and construction help GDP grow by 0.3 percent following slowdown at end of 2018.
Precision scheduled railroading and positive train control can help railroads improve service, safety and profits. Learn how in Jim Blaze’s piece.
U.S. rail volumes are poised to be lower in the first quarter compared with last year, but whether that decline indicates a looming recession remains to be seen.
Shipowners and marine insurers are asked to look at vessel locator data to avoid sanctions fines.
J.B. Hunt wants to make freight marketplaces more efficient by making information more transparent.
Today on FreightWaves NOW, disruptive weather, oil updates, and freight futures launches.
FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially settled Trucking Freight Futures contracts at 9 a.m. Friday, March 29. The first trade came through within 20 minutes of opening, at 9:18 a.m.
As food product recalls are becoming a frequent occurrence on account of contamination fears, the time is right for companies to look towards blockchain for creating better visibility into their supply chains and to reduce generic en masse recalls wherever possible.
U.S. Secretary of Transportation Elaine Chao announced that the Department of Transportation has sent an hours of service (HOS) Notice of Proposed Rulemaking to the White House Office of Management and Budget (OMB) for approval.
Daimler Trucks is buying a majority stake in Torc Robotics, another play in the company’s efforts to expand its presence in the self-driving commercial vehicle market.
What the Truck is going on in all things freight this week? Well, a lot. Like Friday is the day that the Freight Futures becomes reality. We also discuss private equity and VC in transportation logistics and celebrate freight and tech and innovation.
Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.
Exceeding expectations, the ride-hailing start-up Lyft raised $2.3 billion on March 28, after pricing its shares at $72, the top of its pricing range.
Shell has introduced a new gas engine oil under its Rotella brand. The company said the extension of the brand to gas engines is due to brand loyalty from its commercial customers, many of whom also drive pickups and SUVs.
Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.
Attendees at the MId-America Trucking Show each year love trucks, but the general public’s perception of the industry has not improved dramatically in the last five years.
Parliament has effectively killed Prime Minister Theresa May’s Brexit deal defeating the Government in Parliament for a third time, this time by a substantial 58 votes. The EU offered a swift response calling a summit ofr 10 April.
The port’s board of commissioners approved a $23.4 million contract to Shanghai Zenhua Heavy Industries for the two 100-foot cranes.
The German liner carrier is still assessing the cause of its containership’s punctured hull at the Global Marine New York Container Terminal.
A look at how Roadrunner Freight’s business model differs from most LTL carriers.
FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially settled Trucking Freight Futures contracts at 9 a.m. Friday, March 29. The first trade came through within 20 minutes of opening, at 9:18 a.m.
Guests at FreightWaves headquarters enjoyed a cocktail reception, dinner, and talks from industry luminaries.
Complaining about service quality, the shipper group says the current regulation that allows vessel sharing “does not fulfill its own objective” and should be amended or repealed.
Plus: Grocers adopt AI; surge in immigrant truck drivers; California’s latest emissions bill
Prime Minister May now has until April 12 to seek a longer extension to the negotiation process to avoid a “no deal” Brexit.
The Appellate Body upheld WTO panel findings that the U.S. provided unfair state tax breaks to Boeing and that rejected EU claims of U.S. subsidies unfairly impacting Airbus aircraft sales.
What makes a commodity and agricultural commodity? That is one question that the Federal Motor Carrier Safety Administrations hopes to answer soon, it said, during a regulatory update session at the Mid-America Trucking Show.
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
Lone Star Ports, a joint venture between the Carlyle Group and Berry Group, will lease about 200 acres on Harbor Island to develop a petroleum export terminal.
One of the biggest terminals on the west coast is showing better results after multi-year automation project as final auction nears.
The vessel’s role in the Vietnam War is just part of the saga told by the chairman of the Maritime Industry Museum.
The Coast Guard will require ships arriving from ports in the Seychelles to include an additional layer of security during their time in U.S. ports.
Ashley Coker FREIGHTWAVES CEO CRAIG FULLER REACTS TO NEWS OF FIRST TRADE / IMAGE: JOSH RODEN, FREIGHTWAVES FreightWaves, in partnership with Nodal Exchange and DAT, launched the world’s first financially […]
A major iron ore export port with 185 million tons iron ore capacity on Australia’s north west coast has been absolutely clobbered by the recent category four Cyclone Veronica, FreightWaves can exclusively reveal. Port Walcott’s operational ability is down by nearly 90 percent. Rio Tinto has declared force majeure to its customers. Major miner, Rio Tinto, which operates the port, is mostly staying silent. Dry bulk freight rates are likely to be hit, dry bulk sources say.
In part two, the company’s global airfreight market report is featured and provides a demand outlook for global airfreight by region along with insight on cost inflation, capacity and pricing.
German automobile and commercial vehicle technology supplier ZF Friedrichshafen plans to acquire rival Wabco for $7 billion, the companies announced Thursday.
The European Union (EU) is looking to introduce several mandatory safety features in new vehicles from 2022, which would include technology that limits speed and cautions drivers on hazardous road conditions in order to reduce accidents due to speeding.
Today on FreightWaves NOW, Nick shines a light on disruptive weather around the country, Dean connects flatbeds to the larger economic picture, and Addison tells us about Freight Futures–and how the futures is now.
As March comes to a close, the timeline for Congress to produce a viable infrastructure plan is getting shorter.
Two strong cyclones in as many months have caused trouble in a tiny, vulnerable island in the Indian Ocean. Damage to infrastructure widespread.
Railroad company must re-open Thunder Bay, Ontario, span to vehicles after lengthy legal battle.
UK Prime Minister Theresa May has made the ultimate sacrifice, offering to fall on her sword, if MPs will back her Brexit deal following the failure of Parliament to agrre to any of the alternatives so far. Yet May’s deal remains unlikely to pass if it is voted on again on 29 March.
The 23,000-TEU ships, which are being built at Daewoo Shipbuilding and Marine Engineering, are among the 20-ship order made by HMM last year.
The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late […]
Flooding has taken many railways out of commission. Here’s a look at the BNSF tracks that are currently underwater.
Last-mile delivery companies have a new option for managing their businesses as Rand McNally will soon offer a local fleet version of its DriverConnect platform.
China ramps up its pork import from the U.S.; Lyft is all set for its IPO; Saudi Arabia looks to push oil prices to over $70 per barrel.
The two new cranes, identical to the pair delivered in March 2018, are part of the port’s $300 million in Packer Avenue Marine Terminal improvement projects.
L.A. volumes are propping up national freight volume but starting to fade. Are there any signs of another region emerging to take over for the West Coast?
Section 301 tariffs on goods from China are hurting some U.S. businesses downstream in the industrial supply chain, after the U.S. started imposing the measures last summer to generate changes […]
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels.
The moves include a new vice president of customer care, chief transportation officer, acting chief executive and port director, board chairman, and global head of ocean procurement and tradelane management.
In partnership with Reliance Partners …Before autonomous driving systems are commercially available, it is essential to not just work on functional safety but also on cyber security, so as to ensure that the vehicle is completely safe to drive around once deployed.
It’s been about 50 years since a truck maker has successfully entered the Class 8 market in North America and lasted, said Dominik Beckman, director of marketing and dealer operations for Hino Trucks. So what makes Hino think it can do that now?
A fold-down ramp is just one of the innovations Morgan Corp. has introduced recently at it looks to build truck bodies to match the growing demands of e-commerce last-mile operations.
The plan, which includes more than $650 billion in federal funding, would be the Democratic presidential hopeful’s “top budget priority” should she be elected in 2020.
Navistar’s Steve Gilligan discussed several technological opportunities for truck makers, including autonomous and electric trucks, during this week’s ACT Research conference.
Emmanuelle Verger and Rick Revoir are tapped to take the helms.
Sen. Susan Collins criticizes the president’s Transportation Department budget for offering “no path forward after the FAST Act expires.”
Italy’s buy-in on major project boost China’s place in world maritime trade, but Western powers decry what some call ‘vanity project.’
The Office of Foreign Assets Control said Stanley Black & Decker failed to effectively stop a Chinese subsidiary’s illicit exports to Iran following acquisition.
(SOURCE: SHUTTERSTOCK) By TCA Vice President of Government Affairs Dave Heller & TCA Manager of Government Affairs Kathryn Sanner As March comes to a close, the timeline for Congress to […]
The Senate Finance Committee said in “coming weeks” the panel’s chairman will introduce a bill allowing Congress to stop Section 232 duties after they are imposed.
Petitions from the American Kitchen Cabinet Alliance allege that wooden cabinets and vanities from China are unfairly subsidized and dumped on the U.S. market.
Port container volumes, railroad volumes, and truckload volumes are all down year-over-year.
Washington insiders say maritime cyber attacks in the U.S. and around the world lack attention and funding.
On a call with freight procurement intelligence company, Beroe, Inc., the firm discusses its outlook for global road freight growth of 4 to 5 percent.
More than three dozen locations on several Midwestern rivers remain flooded, and there’s no end in sight this week.
Fortna, a supply chain automation design and implementation company, announced today that it entered into a recapitalization agreement with private equity firm Thomas H. Lee Partners, L.P.
Trucks designed to haul freight on highways are becoming much more sophisticated in China. Thanks to standardization, trucks now have the ability to do drop and hook, according to Perkins. Trucks are also being upgraded to more modern emissions systems.
Noatum to dramatically increase global footprint.
Today on FreightWaves NOW, Nick tells us about what’s up with the weather. Dean gives us the down-low on what’s happening with hours-of-service, detention time, and several new indexes on SONAR helping us fight the War on Detention.
In December 2018, the Federal Motor Carrier Safety Administration (FMCSA) denied 10 exemption requests.
The Series C financing was led by China Merchants Capital, with participation from Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, and Phoenix Insurance Company.
A Mexican government agency says Kansas City Southern (NYSE: KSU) and two other national rail lines have the opportunity to fix rail rates on certain routes serving much of the country’s industrial production.
Volkswagen partners with Amazon Web Services, to streamline data coming from its different manufacturing and logistics processes, and create actionable information to improve production flexibility and increase vehicle quality.
Daimler Trucks North America (DTNA) announced it has opened its proprietary Detroit Connect platform to third-party telematics service providers.
British Member’s of Parliament are debating up to 16 different alternatives to Theresa May’s version of Brexit, as the Prime Minister works hard behind the scenes to gain support for her deal and a third meaningful vote.
Ryder System, Inc. (NYSE: R), a commercial fleet management company, announced the appointment of Scott T. Parker as executive vice president (EVP) and chief financial officer (CFO) to succeed Art Garcia, who announced his retirement in September 2018.
Headwinds include Brexit, a U.S.-China trade deal and the International Maritime Organization’s 2020 sulfur cap.
Telematics is projected to triple by 2025.
Today’s Pickup: March 27, 2019
CEO Frank McGuigan promises “a collaborative, high-tech workspace that attracts high-potential talent and is a place where employees can thrive.”
Scott Parker will succeed Art Garcia, who is retiring at the end of April.
India-based logistics startup Delhivery has secured $413 million in new funding with Japan’s SoftBank leading the round.
Canadian cross-border trucking and logistics firm to establish new business based in Charlotte, North Carolina, and plans additional locations in the United States.
Several logistics and transportation software providers claim to have machine learning capabilities, but in many cases, the results don’t match the hype.
ACT Research is forecasting 335,000 truck orders in 2019, but a sharp dropoff in 2020.
Representatives of organized labor told a House subcommittee on Tuesday that the U.S., Canada and Mexico should get back to the negotiation table.
Rate increases are slowing and could even turn negative later this year, although fleet profits should remain strong for much of the year.
