CMA CMG and MSC have entered orders for a total of 20 record-breaking 22,000 TEU ships, reflecting a long-term trend toward consolidation in larger vessels and growing confidence in maritime shipping rates.
FourKites has launched its own ELD certification program that operates on an open architecture platform to help shippers and 3PLs to assist carriers in choosing ELD solutions that offer visibility into location data.
Just as people are getting used to the concept of blockchain and Bitcoin, now we have something called initial coin offerings (ICOs), which use cryptocurrencies to raise money. Sometimes called token sales or TGEs, they are becoming a popular way for companies, especially startups, to raise funds.
American oil production and the number of rigs should reach record highs in 2018. This is good news for trucking: both demand for truckload miles and overall economic growth will increase.
When people discuss blockchain, often the concept is too abstract to grasp. In many respects, you need a phD to understand it. So it was fortuitous for Blockchain in Transport Alliance (BiTA) members that the group’s first meeting in Atlanta recently had just such a person.
Used-truck sales volumes continued their upward trend in October, but the industry is still facing an oversupply of vehicles, according to ACT Research. Class 8 same dealer used truck sales increased 12% month-over-month and 37% over October 2016, the firm said.
Regardless of their level of knowledge on blockchain, attendees at the first BiTA meeting were engaged by Ken Craig, senior vice president of special projects for McLeod Software, as he delivered an energetic and entertaining primer on Blockchain 101.
As the talks concluded last week on Round 5 of the North American Free Trade Agreement (NAFTA), the 3 NAFTA ministers included among the 30 negotiating parties agreed to “step back” to give negotiators additional time to “analyze proposals and conduct internal consultations,” according to LandLine Magazine.
Could the economy be starting to slow? That is a conclusion that FTR’s Don Ake has drawn after reviewing a number of economic indicators. He bases his evaluation on current GDP growth and what he thinks will be coming in 2018.
Innovation is sweeping across the trucking industry; technologies such as autonomy, blockchain, and electrification are beginning to demonstrate real value potential. However, the question is, where innovation has been stagnant in the past, is the industry ready for change?
The spot market, which has been trending up for much of this year and is near record highs, is showing no signs of slowing down, according to DAT.
Automation and digitization continue to infiltrate the shipper and 3PL markets, even as those industries lag in investment, according to a study conducted by Infosys Consulting and presented during a Stifel conference call on Tuesday.
Injury insurance claims from ports involve vehicles or other heavy equipment 85% of the time. An insurance provider has studied the claims and is making recommendations to ports on how to prevent them.
In a mere seven months, the trucking marketplace has gone from over-capacitized to the most under-capacitized in recent history as the market dynamics have dramatically changed.
The story of railroads is as old as the independence of the United States. The growth of railroads ran in parallel with the economic surge and transportation expansion of the 19th century. Fast forward two centuries and the grasp of railroads on the freight transport market has all but waned.
Data from the freight markets indicate a super-strong economy
Data from the freight markets indicate a super-strong economy
Following on the heels of a 90-day waiver from the ELD rule for agriculture haulers, and several other exemptions granted by FMCSA in recent months, the Owner-Operator Independent Drivers Association (OOIDA) has submitted a new exemption request to the agency.
Walmart’s commitment to digital sales, grocery pickup, and two day delivery mean a newly intensified supply chain: more truckloads to its stores, which are now acting like fulfillment centers, more expedited service in the holiday shopping capacity crunch, and more demand for last-mile delivery to its customers’ homes.
Last week, FreightWaves published a commentary suggesting that solving the driver shortage may be as easy as raising pay – a supply and demand issue. We got many comments on that, including from Stifel Equity Research’s John Larkin, who said economics is not the only issue at play.
