Carrier and logistics firm NFI was named in a report highlighting deficiencies in a New Jersey tax incentive program aimed at keeping businesses in the state. Camden-based NFI was one of three companies that an audit found was not subject to sufficient due diligence and may have contained “potential misrepresentations.” The report said the companies […]
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
Passage of USMCA in the United States must happen this year or wait for implementation in 2021.
Electriphi, an electric vehicle (EV) fleet and energy management company, has launched a fleet electrification planning tool that gives customized analysis to help plan the electric transition. The tool is a self-serve web-based application that lets fleet managers break down factors affecting operations, fueling and infrastructure. Large-scale fleet electrification requires upfront planning and smart energy […]
The U.S. trade representative appeared before the Senate Finance Committee Tuesday on the first day of congressional hearings on the Trump administration’s trade agenda.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
Global shipping and logistics giant UPS said it collaborates directly with its customers to reduce wait times at docks to increase efficiency and productivity and reduce detention time for its drivers.
Fr8Hub recently announced that it will expand its services to provide domestic freight matching throughout Mexico, connecting shippers with available carriers throughout the country. The Fr8Hub carrier network currently features more than 1,000 carriers in the United States and Mexico, and more than 30,000 available trucks. Since electronic logging devices and global positioning systems are […]
Retail giant Carrefour is leveraging blockchain to track the provenance of the food products it stocks in its stores, thereby providing its consumers information that far exceeds the data provided on conventional product packaging.
The data that can be gathered from a truck’s telematics has caused a shift from selling trucks as products to selling trucks as solutions to owners’ issues.
The industry is at “a new crossroads,” according to the co-author of a state of logistics report titled “Cresting the Hill.”
“The time to act is now,” reads a letter sent to the president and congressional leaders by the U.S. Chamber of Commerce and more than 40 business and labor groups.
State-by-state benefits of raising gas tax included in White House letter.
Historic flooding in the Midwest and poor demand from electric utilities are stranding coal hoppers west of the Mississippi, pushing up prices for storing railcars. The American Association of Railroads said last week that weekly coal volumes were down 16 percent from a year earlier to 71,526. The week prior number of 70,737 railcars marked […]
Correction: The previous headline in this article was corrected to reflect that Darigold plans to export 50 percent of its products globally in coming years. United States dairy producer Darigold Inc. recently expanded its Mexico operations, targeting a growing Mexican middle class as an untapped market. Darigold has been operating in Mexico for years, but […]
U.S. Chamber of Commerce officials on Monday said several factors indicate that the effort to secure U.S. approval of the pact recently has gained momentum.
A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.
The negative data and commentary centered on the lack of a seasonal increase in demand is forcing analysts to meaningfully lower earnings estimates and the outlook for the sector.
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
Funding means “cross-border commerce critical to our economy is not impeded,” trade groups, chambers of commerce and companies said in a letter.
With a strong start to the year, the port says it is poised to overtake the Port of Long Beach as the nation’s second-largest container port.
The inclusion of ship-to-shore gantry cranes in the fourth tranche of Chinese tariffs would increase the costs by millions, AAPA President and CEO Nagle said.
Lakefront Futures & Options will be marketing Trucking Freight Futures through its new Trucking Derivatives Group. Read the article and learn more about Trucking Freight Futures and Lakefront Futures & Options.
Chinese telecom giant’s CEO Ren Zhengfei expects his company to lose $30 billion in revenue in 2019, mostly due to Commerce’s Entity List and the U.S.-China trade war.
The Office of Foreign Assets Control is authorized by law to periodically adjust its civil penalty amounts for violations of various foreign financial transaction controls.
Electric vehicle adoption is constricted by high vehicle sticker price, long charging cycles and limited range. Solving these issues is key.
A study projects the state’s seaports to increase cargo tonnage by more than 32 million tons in the next five years to 142.4 million tons in fiscal year 2022-23.
Port of Virginia sees tariffs putting its billion-dollar expansion at risk.
It was a poorly-received IPO for CSSC Shipping. Institutional and retail take up was weak and its share price plummeted from the offer price.
The WorkHound platform aims to reduce driver turnover by providing real-time feedback from frontline workers.
McCarter & English, a 400-attorney firm with a national client base and a thriving supply chain and logistics practice, has joined Blockchain in Transport Alliance (BiTA), the largest commercial blockchain consortium in the world with nearly 500 members from the freight, transportation, logistics and affiliated industries. BiTA, whose members generate more than $1 trillion in […]
Market expert Jim Blaze writes about the movement of coal by rail. He explores the history of rail-coal; more importantly, he writes about what the future may hold for coal in the U.S. and how that will impact the railroads.
Trans-border freight totaled $107.2 billion in March, with trucks moving 63 percent of all freight by value with United States trading partners Canada and Mexico, according to data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Trucks carried $67.4 billion of United States freight in March 2019, compared to $66.5 billion […]
Market expert Cathy Roberson writes about the growth of pharmaceuticals and life sciences cargo at Hartsfield Jackson Atlanta International Airport and the airport’s agreement with Amerstdam Schipol Airport.
The public is invited to weigh in during a July 24 public hearing or in writing by July 15.
The agency anticipates submitting the report to the Office of the U.S. Trade Representative by March 31.
Tricon and owner Haoyang Yu were charged in a federal court in Boston on Friday with illegally exporting integrated circuits that contained stolen trade circuits from a U.S. firm.
Shippers in the maritime market can choose between a carrier-owned container or a shipper-owned container, with each business model holding certain advantages over the other based on availability and the freight corridor in question.
One of Asia’s largest shipbuilders will help develop “digital twins” for ocean vessels, part of an effort to provide better monitoring and performance analytics around ocean shipping. South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) is part of the co-operation agreement with Finnish software maker Napa, German powertrain developer AVL, and Korea Maritime and Ocean […]
FreightWaves’ SONAR chart of the week (June 16, 2019 – June 22, 2019) Chart of the Week: Drewry World Container Index – Shanghai to Los Angeles and Shanghai to New York (SONAR: WCI.SHALAX, WCI.SHANYC ) If you are involved in the movement of containerized ocean freight, you are undoubtedly familiar with the beast known as […]
Award winner is taking on new driver partnerships as it expands into last-mile delivery.
In June 2016, a leading group of Laredo carrier companies decided to band together and launch a new association focused on promoting and furthering Laredo as the “trucking capital” of the United States. From their efforts, the Laredo Motor Carriers Association (LMCA) was formed. LMCA recently celebrated its three-year anniversary by adding its 200th member. […]
Witnesses offered the House Highway and Transit differing views on a wide array of trucking priorities as Congress faces reauthorization of surface transportation legislation.
Retail and industrial activity improved, providing some stability for freight Economic data from the goods side of the economy showed some signs of life in May, as growth in retail sales and industrial production exceeded expectations during the month. This is an encouraging sign that activity may be stabilizing in the second quarter, though details […]
Zeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, CNBC is reporting. The departure is a feather in the cap for Embark but another spot of bad news for Tesla, which has garnered mixed reports from Wall Street for missing some of its targets over […]
We’ve heard reports that Vista is having trouble getting buyers at its $2 billion price tag for Omnitracs.
ndian startup Locus is helping logistics businesses automate truck routing to increase efficiency and consistency, while having more transparency into their operations.
Donald Broughton explains the harm that tariffs can do to the economies of the United States, the country(ies) that tariffs are imposed on and the global economy.
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.
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 […]
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.
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.
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.
Volvo’s Vera autonomous vehicle is now moving containers from a local distribution center to the port in Gothenburg, Sweden.
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 […]
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 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 […]
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 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.
The committee’s favorable reporting of the nominees clears the way for the full Senate to consider confirmation of Amy Karpel and Randolph Stayin.
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. […]
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.
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.
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.
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 […]
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%.
Developers are poised to bring new software to the ocean shipping sector. What will work and what will not?
As some autonomous trucking startups seek to eventually eliminate drivers’ jobs completely, Starsky Robotics is taking a different approach.
AllianceTexas will now have a mobility innovation zone for companies to test their futuristic transportation technology before commercial deployment.
Hubtek has joined the Blockchain in Transport Alliance (BiTA). Read about this new company and why it joined the Alliance.
Werner Enterprises continues to invest in U.S.-Mexican trade, regardless of the ups and downs of President Donald Trump’s trade negotiations. In May, Werner opened a new 17,000-square foot refrigerated cross-dock operations facility in Laredo, Texas. The $8 million facility features 13 dry docks and eight refrigerated docks, according to a company statement. “We are proud […]
Autonomous shipping is slowly gaining greater attention in the maritime industry, prompting more industry players to figure out where they will fit in what may be the future of ocean freight. As FreightWaves reported, Norwegian fertilizer manufacturer Yara International is still about a year away from testing and operating a fully autonomous container ship, the […]
“Authorized filers will be able to file electronically in ACE and will no longer have to submit paper nor mail in checks to pay duties for these filings,” CBP said.
The good news is that Evan Armstrong of Armstrong & Associates thinks that U.S. third-party logistics providers’ (3PLs) revenues will grow at a 7.7 percent compound annual growth rate (CAGR) over the next five years, and brokers will become more productive as artificial intelligence automates up to 50 percent of their repetitive tasks. The bad […]
The news comes days after its parent company nixed a partnership with Groupe Renault.
Railroad market expert Jim Blaze writes about the movement of chemicals by rail and how that sub-set of railroad traffic is profitable and may grow significantly in the near future.
The Global Ports Tracker forecasts higher import totals between June and September for the U.S. ports it covers, but the projections are lower than forecasts from May.
The highways of Mexico continue to be risky for truckers as cargo thefts rose 6 percent for the first four months of 2019, according to the Mexico City-based National Chamber of Freight Transport (CANACAR). More than 4,130 crimes were committed against cargo transporters from January through March 2019, up from 3,899 crimes for the same […]
North American lighting provider purchases Nashville-based firm specializing in location-based asset management.
We look at the trucking futures forward curve, Morgan Stanley’s index, the Coyote Curve, and projections from Susquehanna.
Mexico had a close shave with avoiding trade tariffs last week, but it is essential for the freight industry to understand the disruption tariffs could create on cross-border trade.
Higher cost of Chinese goods could result in lower transpacific volumes and need for more direct calls at ports near new suppliers.
Senior Vice President Michael Zahra replaces co-founder Tony Di Benedetto less than a week after company inks deal with Air Canada.
The 14,000-TEU containership employs technology that facilitates flexibility in operations and boots fuel efficiency.
