Despite trade war, exports and imports were up year-over-year in May.
Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.
Iran has denied responsibility for the attacks carried out early yesterday morning on two tankers in the Gulf of Oman, the sea immediately adjacent to the Strait of Hormuz. A spokesman for the Iranian Foreign Ministry slammed the U.S. accusations as “baseless”. Maritime security experts say commercial ships are impossible to defend.
Slow growth in intra-Asia volumes seen as a harbinger for long-distance container trades in peak season.
DHL Supply plans a 40% expansion of its US healthcare and life sciences footprint
Apart from creating visibility and transparency within coffee supply chains, blockchain can significantly improve livelihoods of coffee farmers by giving them a bigger share of the profit pie.
The letter, organized by Tariffs Hurt the Heartland, said additional tariffs would result in the loss of 2 million American jobs and reduce the value of the GDP by 1%.
The National Economic Council director said at an event in Washington Thursday that the ongoing bilateral tit for tat will have minimal economic impacts on U.S. consumers.
Working with over 100 outside carriers and brokers, Walmart (NYSE: WMT) is likely to be a shipper of choice for many already. But even one of the U.S. freight industry’s largest customers realized it could do better for drivers. The Bentonville, Arkansas-based company came in third in a field of 135 shippers for theShipper of […]
Severe storms in the Plains this weekend.
New chairman and vice chairman will lead The International Air Cargo Association and global corporate insurance carrier will make management changes.
Plus: Amazon-Whole Foods two year anniversary; Japan to build five bullet trains in India; Elaine Chao sells stock in highway company.
Volkswagen AG announced that it is offering up to 15 percent of TRATON for a range of 1.553 billion euros and 1.898 billion euros.
New Fortress Energy wants LNG transport efficiency using tank cars
The scale and growth of China’s domestic over-the-road trucking and international ocean container shipping trade has been revealed in new data from the country’s Ministry of Transport.
Federal levy set to take effect January 1 in response to province scrapping its own pricing system.
Signs of a freight market decline have continued to accelerate since the first quarter. National volumes are down, spot market rates have flattened and tender rejections have reached historic lows.
As a shipper of choice, Nestle wins plaudits for its willingness to partner and its fondness for innovation.
On the Backhaul weekend edition of what the truck we’re talking Target’s $9.99 same-day shipping, more…
Ashley Coker IMAGE: JIM ALLEN/FREIGHTWAVES Data across all modes of traffic is signaling a dramatic slowdown in the freight market, but U.S. gross domestic product (GDP) continues to come in strong. FreightWaves Chief Economist Ibrahiim Bayaan and FreightWaves CEO Craig Fuller teamed up to explain this apparent disconnect. Bayaan and Fuller regularly host a webinar, […]
An independent valuation of DryShips’ fleet by VesselsValue puts the bid to take it private in context.
Today on FreightWaves NOW, our market experts give us a glimpse of optimism for air freight, and Wal-Mart throws down the last-mile delivery gauntlet. Plus, the developing oil tanker situation and what it might mean for oil.
Relationships between OEMs and tech giants get complicated as the self-driving and mobility race heats up.
More than 48% of freight traveling to or from the German port is carried by railcar.
Achim Martinka is named vice president for Germany and Dan Byrne is promoted to chief revenue officer.
Ten regional haul fleets will participate in NACFE’s Run on Less Regional challenge to measure fuel efficiency and other metrics in real-world operation.
The Federal Railroad Administration is awarding more than $326 million in grants to help states and localities repair, maintain and build rail infrastructure supporting freight rail and intercity passenger rail.
The multistep requirements for initial applications and renewals have been simplified by the Ministry of Transport.
Target looks to find a way into a delivery niche with the launch of same day deliveries
The balance among the fuels needed to be in compiant with the new rule will have a knock-on effect down to the price at the pump.
Volvo’s Vera autonomous vehicle is now moving containers from a local distribution center to the port in Gothenburg, Sweden.
The Norwegian-owned Front Altair was “suspected of being hit by a torpedo” and the Japanese-owned Kukako Courageous was struck “with some sort of shell.”
Government finalizes long-awaited regulation, which includes third-party certification of electronic logging devices
Dallas-based KoiReader Technologies has raised $60,000 in seed funding, Dallas Innovates reports. The money will be used to build the company’s artificial intelligence-driven automation and video feed data capture suite for the transportation and logistics sector. KoiReader showcased its product in May at Transparency19, a FreightWaves conference focusing on digitization and innovation in freight. In […]
Spot truckload freight volumes failed to meet expectations in May, said DAT Solutions, which operates the largest truckload freight marketplace in North America.
The company said the refrigeration units are part of its commitment to environmental sustainability.
In partnership with Reliance Partners…Data analytics has been disrupting the way the freight industry works and the insurance sector will not be left behind.
The Office of the U.S. Trade Representative grants a second round of exclusions from Section 201 global safeguard duties on solar cells covering three products.
Frontier Logistics’ 550,000-square-foot facility will support the handling of plastic and resin exports from the Port of Charleston.
The first-ever AV certificate program for truck drivers comes as the industry seeks to allay concerns about technology displacing human drivers.
Triple-digit extreme heat continues in Desert Southwest.
Middle East tanker attacks could spur oil importers to bring forward purchases, increasing shipping demand.
Two people were arrested by federal authorities after more than $1 billion worth of cocaine was found Monday in containers aboard the MSC Gayane.
Exporters at the annual meeting of the Agriculture Transportation Coalition lament lack of visibility and carrier accountability and the disappearance of telephones.
Uber is venturing into the financial services market for its drivers; oil prices jump after tankers come under attack; Saudi’s Aramco all set to publish its H1 ’19 earnings.
The Port Infrastructure Development Program makes $200 million available for all coastal seaports and an additional $92.7 million for the top 15.
Texas Gov. Greg Abbott signed a bill directing the Texas Department of Transportation to study the Ports-to-Plains Corridor, a plan that could extend Interstate 27 from Laredo all the way up to the Oklahoma-Texas border. The bill, HB1079, signed June 10, requires the Texas Department of Transportation (TxDOT) to study the feasibility and costs to […]
Flooding impacts, cheap natural gas prices, and trade and economic uncertainty could be factors contributing to a significant slump in weekly U.S. rail volume.
Washington’s container ports are looking to incent marine terminals to open at off-peak hours for trucks in preparation for the peak shipping season. The move underscores how U.S. ports are hoping to prevent a repeat of last year’s well-documented container congestion. The Northwest Seaport Alliance (NWSA), which oversees the ports of Seattle and Tacoma, said […]
Capitol Hill hearing took on lease-purchase agreements, truck size and weights
The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent partners for their carriers.
Final-mile providers face surging headaches to go with surging demand for large-format shipments
Suezmax tankers can carry half as much crude as VLCCs, but now command twice the VLCC rate.
Today on FreightWaves NOW, carriers need to take advantage of YOY rate increases happening right now. Meanwhile, the economic outlook for the freight industry isn’t pretty. Recent Wall Street reports are bullish on Uber and ECHO has a similar trajectory.
The blast occurred Tuesday in the engine room of the M/V VF Tanker-16 and caused three other crew members to go to the hospital, Volga Shipping Company said.
The American Short Line and Regional Railroad Association is urging Congress to pass legislation that would make permanent the tax credit that short lines receive for infrastructure improvements.
North Dakota has no restricted air spaces, a favorable climate for testing drones, and a government that is keen on growing its UAS industry.
Scale and critical mass matter to transshipment hubs, but location and inland connectivity are more important to gateway terminals, said Drewry’s Neil Davidson.
The Trucking Alliance urges action on federal hair-testing guidelines
Law includes transportation regulations and stipulation that the government doesn’t want to interfere with interstate commerce.
The McAllen Economic Development Corporation (EDC) recently worked with officials in the Mexican city of Reynosa to build two new maquiladoras (also known as maquilas), in addition to a major expansion of an existing one. The three maquiladoras — Indo-MIM from India, Delphi Technologies from England and Nidec Motor Corp. from Japan — represent around […]
Factom Protocol is the newest member of the Blockchain in Transport Alliance (BiTA). Read more about this company and its products, as well about BiTA.
Performance Shipping’s expansion into the tanker sector underscores the continued appeal of diversification to listed ship owners.
A new report says additive manufacturing may negatively affect transportation industry’s revenues.
The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent partners for their carriers.
Freight brokers report upward pressure on spot rates and still expect robust summer volumes.
The ship left Malaysia’s Port of Tanjung Pelepas on June 1 with 19,284 TEUs onboard, surpassing the total of 19,190 TEUs loaded on the MOL Tribute in February.
The committee’s favorable reporting of the nominees clears the way for the full Senate to consider confirmation of Amy Karpel and Randolph Stayin.
Shipping line’s announcement says the chief financial officer since 2015 will “take over new projects in Chile.”
A House Agriculture Committee panel heard testimony from Trump administration ag officials during a hearing that widely touched on the U.S.-Mexico-Canada Agreement.
The 8,469-TEU CMA CGM Dalila arrived Wednesday as part of the carrier’s Pacific Express 3 service.
Supply chains are forced to contend with risks involving border skirmishes, trade wars and embargoes, with even climate change having a bearing on its fortunes.
The Port of Los Angeles saw May container volumes grow at their best year-to-date level since January, even as empty containers still account for most of the growth. To keep volumes going, the seaport’s employees will face a changing workplace in the coming years as new technologies improve cargo fluidity, the port’s executive director said. […]
The Delaware City, Delaware Post Office serves ZIP Code 19706. Photo by Jimmy Emerson, some rights reserved. Photo shared under the Creative Commons License. Delaware City Post Office 54 Clinton St Delaware City, DE 19706
A major developer of, and financial investor in, Asia Pacific logistics parks has launched a potential US$1.24 billion initial public offer on the Hong Kong stock exchange.
The truckload spot market experienced another month of softness in May, confirming recent commentary that normal seasonality isn’t taking shape.
The employee alleged that his direct supervisor, who was a married man, required him to “organize rendezvous and dalliances with female companions,” go to strip clubs, search for women on the internet, and meet with escorts while on business trips.
FreightWaves Market Expert Anthony Smith writes about the issues impacting the U.S. housing market. As important as these issues are, they have a ripple effect on other areas of the U.S. economy, including trucking.
Nicholas Press, Founder and President of CEC Systems, explores the maritime industry’s problem with empty containers and explores potential solutions to deal with them.
Incentive to get safety advocates, Congress on board
R. Eddie Wayland, TCA Legal Counsel IMAGE: SHUTTERSTOCK The employee, a male executive, failed to allege claims for actionable sex discrimination and sexual harassment where he failed to allege that the complained-of conduct occurred because he was a man. This case is a good case for employers to be familiar with because it illuminates Title […]
International shipping has become one of the largest drivers of domestic shipping volumes in the United States over the past several years. Knowing when and where container volumes are moving can be a leading indicator of when domestic shipping volumes are going to create disruptions in the U.S. freight market. FreightWaves continues to add more […]
Today on FreightWaves NOW, we hit reefer volumes and seasonality action out West, intermodal and rail year-over-year updates, and a jobs report.
The agreement — also signed by Russian Direct Investment Fund, Rosatom and Norilsk Nickel — outlines a study of the commercial options for the use of the NSR.
Walmart has exported its on-time, in-full requirement on the international marketplace. The results are improving but there is a lot of work to do.
Millions of tons of cargo, inducing U.S. grains, remain stuck due to flooding.
A great deal of focus has been placed on the seasonal weakness in TL volumes, but LTL volume weakness is equaling concerning.
Laredo’s historic reign as the top United States trade port was short-lived, as the Port of Los Angeles rebounded from its lowest monthly total in three years, enabling it to once again lay claim to the number 1 ranking among U.S. ports. “In April, imports into the Port of Los Angeles recovered from the worst […]
Canadian John Deere dealership network enters trucking business with C$13.5 million deal.
Industry detail from the Producer Price Index showed rates in trucking increased modestly, though long-distance truckload rates continued to decline.
Market expert Brian Aoaeh writes about the supply chain and how the world, business and ecommerce are changing due to ongoing innovations.
Fiscal year-to-date TEU volume at the two container terminals is up 9.7%.
Continental and Leia are working on a 3D instrument display that brings to life the vehicle and its surroundings.
Maersk is building a cold storage facility for bananas as well as refrigerated and frozen products in St. Petersburg.
Your weekly fuel report has arrived.
Developers are poised to bring new software to the ocean shipping sector. What will work and what will not?
Trucking could get hit “very hard” by an economic recession, ATA warns
Financial burdens from the IMO’s 2020 sulfur cap, a projected slowdown in trade growth and the looming threat of overcapacity could bump out some carriers.
Freight visibility is no longer considered a premium benefit the best brokers offer their shippers. It is simply an expectation that most brokers struggle to meet.
