Ship operators who engaged in “reprehensible,” “dishonest and predatory” behavior by forcing crew to work without pay get their ships banned from Australia.
DP DHL open s innovation center for Americas, the third center in its global network
Japanese ship owners have called — very, very politely — upon the Panama Canal Authority to give greater consideration to the shipping industry when hiking canal tolls.
German air carrier set to lift ban by next week.
In Australia this week: new truck sales this year in Australia are slumping when compared to last year; transport company PAGE buys Allalong to exploit the Sydney to Tasmania freight market; seaport says millions of truck movements can be eliminated; electric truck is donated to charity; stink-trunk gets un-sunk.
Tokyo-based ocean ship classification society ClassNK is boosting its cybersecurity capabilities by setting up a cross-sectional team of marine and security experts.
Yantai Port in northern China and the Brazilian miner Vale have signed a so-called strategic cooperation framework to promote the sale of Vale’s iron ore. It is the second such deal for Vale in recent months.
Larger ships now calling as liner services have to reach Southeast Asia ports for East Coast discharge.
Henry Byers writes about the latest twists and turns in the U.S.-China trade war.
China‘s largest freight forwarder will use WebCargo platform to bring rates and capacity online.
Humans are helping e-tailers lower logistics costs; logistics newbies, meet the seasoned pros
Canada Pension Plan Investment Board secures board seat in deal with the Indian third-party logistics provider.
Carnage on Australia’s roads continues as yet more truckers, passengers and vehicle drivers die. Meth-consuming, engine-tampering trucker caught. Pooper-scooper set up to salvage stink-truck. Drivers need to be thought about when designing vehicles, trade body says.
The Tasmanian airport is gearing up to become a cargo hub.
The air cargo-handling arm of financially troubled Chinese conglomerate HNA Group refinanced corporate debt in August.
Pilot eLCV projects are planned in the U.S. next year with local production a long-term aim.
At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.
Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, one outlook for 2019 suggests the container shipping industry will remain challenged. Spot rates on one of the busiest ocean trade lanes for moving containerized […]
U.D. Trucks, the Japanese unit of Swedish truck maker AB Volvo. conducted the first test of an Level 4 autonomous truck in the island nation. The test run at a sugar processing facility in Hokkaido prefecture is partially aimed at addressing a shortage of truck drivers worsened by an aging population.
China has begun probe into charges FedEx handled restricted knives bound for Hong Kong
A sewage truck met a watery end in New South Wales; regulators in NSW have improved port access; National Transport Commission overhauls assurance framework; ATA wants truck drivers to be treated humanely; and K&S announces profit slump and sale of Regal General Freight.
Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.
Beijing Mercedes-Benz Sales Service is collaborating with blockchain company PlatOn on a platform that calculates vehicle residual value based on static and dynamic data from vehicles.
Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.
New official figures from China’s Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China’s 49 main box-ports in the year continue to rise despite the Washington-Beijing trade tensions. But it seems that Vietnam might be benefiting from the turbulence, according to data found in FreightWaves’ SONAR database.
Analysts and investors wait to hear about Amazon’s expanded presence in Southeast Asia and on-demand services.
Nuvera Fuel Cells is working with its parent Hyster-Yale Group to make fuel cell engines for medium- and heavy-duty truck applications, mostly for drayage and other return-to-base port activities.
Marine terminals to offer guaranteed empty returns, common portals for truck appointments.
Australia Post, a government-owned post and freight service, has reported revenues of just under A$7 billion but has experienced a massive fall in profits.
The Luxembourg-based airline takes an unusual path to pay for its latest B747-ERF.
MUFG Bank’s anticipated acquisition of the aviation finance business of DZ Bank draws scrutiny.
Norway’s Wallenius Wilhelmsen, a major global ocean carrier of vehicles, now faces a criminal prosecution in Australia after the local competition regulator filed charges against it.
Rates manage to outperform volume drops as carrier swings to profit.
The Navy decides to migrate and consolidate logistics technology to the Cloud. Japan’s air freight industry has China as a roadblock. New York struggles to manage truck congestion.
The summer doldrums were broken violently by an escalation in the U.S.-China trade war and tweets
The vast majority of Aussie truck drivers are either fat or obese and they have a terrible diets, new research has found. Meanwhile, New Zealanders fund electric vehicles and Aussie trailer maker reveals a shocker set of financial results.
Hino Trucks is already increasing its investment in a new plant in West Virginia, where it will build Class 7 and 8 trucks in addition to medium-duty models.
Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.
Trucking, freight and international forwarding business TIL Logistics (NZX: TLL) of New Zealand has reported solid revenues of NZ$355.1 million (US$226.94) and a small net profit after tax of NZD$4 million (US$2.56 million).
Sanguine outlook could flip, but retailers look well stocked ahead of peak season.
Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…
Napier Port, located in Hawke’s Bay on the North Island of New Zealand, has begun trading on the New Zealand Stock Exchange (NZH) at an offer price of N$2.60 (US$0.64), raising NZ$234 million (US$149.94 million).
WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.
Canada Pension Plan Investment Board to acquire up to 8 percent of fast-growing e-commerce fulfillment company.
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.
The world’s biggest coal port moves forward with US$500 million plans to import LNG into Australia… which is the world’s biggest LNG export nation.
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand.
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more border crossings; and Mexico freight forwarders unveil new maritime index. Mexico’s freight transport industry continues to grow despite theft and fuel crises In the first […]
Australia’s road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In other Down Under Trucking news: mistake is no defence to trucking crime; supermarket boosts safety after loading dock death; logistics giant snaps up drayage business; CTI Logistics expects a small profit.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
Rupert Hogg, CEO, and Paul Loo, Chief Customer and Commercial Officer, have both quit their jobs at Cathay Pacific. The company has appointed two replacements.
Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.
Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.
News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.
Meritor, Inc. is growing its manufacturing footprint in India by 25 percent with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor also is opening a research and development center in Mysore.
Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch, New Zealand.
As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates, experts told FreightWaves. Protests at Hong Kong’s airport continued on Tuesday, August 13, causing a second day of mayhem for travelers at one of the world’s busiest hubs. Hundreds of […]
In Texas, several major and regional airports posted large increases in air cargo trade for the first six months of 2019. Amarillo International Airport’s trade with the world rose a whopping 19,028 percent compared to the first six months of last year, with a shipment of aircrafts to Brazil accounting for 99 percent of the […]
Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.
Japanese gas explorer, prospector and transporter INPEX (JPX: 1605), which is listed on the Tokyo Stock Exchange, announced a solid upswing in revenues, operating income and net income.
Australian bulk rail freight operator Aurizon (ASX: AZJ), which owns one of the world’s largest coal rail networks, reported a 15 percent decline in full year profits. Statutory earnings before interest and taxation (EBIT) were down by 14 percent and revenues were down 7 percent.
All flights into and out of Hong Kong have been shut down by the Hong Kong Airport Authority owing to the occupation of the airport by protestors.
In Australia this last week: police criticized two truckers who died in very adverse visibility conditions; a serial trucking offender was hit with a big fine plus legal costs for numerous legal infringements; more electric vehicles on the road; trucking association wants electric vehicles to be taxed; advanced brakes company wins big order; toll road operator raises half a billion dollars but analysts are unimpressed.
Chinese tariffs are impacting American agriculture. But declines in exports to other countries are also hurting American agriculture.
Many of north-east Asia’s mega ports are directly in the path of two super-typhoons. The first is about to blow in from the Pacific and will make landfall within the next few hours.
China’s ports are the most connected ports in the whole world, mega-study reveals. Ports elsewhere in Asia flesh out the top twenty. U.S. ports don’t make an appearance until way down the list.
A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.
Chinese port throughput volumes (all cargoes) for the first half of 2019 are up 7.3 percent compared to the first half of last year, according to the latest official Chinese data. First half 2019 foreign cargo volumes through China rose 2.5 percent compared to the prior corresponding period. And box throughput rose 5.1 percent. Read on to find out more!
The Port Report focuses on another vessel being seized in the Strait of Hormuz.
In Australia this week… new tunnels and roads to eliminate trucks; cattle and driver nearly burned alive; human remains found after truck explodes; controversial logistics software company vows to fight class action and the regulator; I’ll huff and I’ll puff and I’ll blow… you off the road!
A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie Smith, owner of Smith Specialized Logistics, it is one of the biggest moves by tractor-trailers ever in the Houston area, requiring a caravan of more […]
Goods like clothes and toys are on the proposed tariff list.
Japan’s Cabinet on Aug. 2 approved a measure that will allow the Ministry of Economy, Trade and Industry (METI) to impose new licensing policies and procedures on exports and transfers of controlled items to South Korea.
The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.
Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.
Japans K-Line shipping company reported its fiscal first quarter earnings.
Chinese billionaire Liu Zhongtian, former president of China Zhongwang Holdings Ltd., was indicted by federal court in Los Angeles for allegedly evading $1.8 billion antidumping and countervailing duties on aluminum shipments.
Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.
An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.
Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation. But overall demand remains tepid as it lowered full-year revenue targets and reduced service in the trans-Pacific shipping market. ONE, the container ship joint venture of Japan’s largest shipping companies, made the forecast […]
Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.
Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract
Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was unveiled recently during Eternity México’s two-year anniversary celebration in Mexico City, where company officials also unveiled a new logo and rebranding campaign. Nicolás Portenza, president […]
Innocent third parties who get caught up in Australia with illegal drug logistics, such as employers and transport operators, do not appear to fear the threat of having their property seized by the authorities.
Indiana-based Cummins Inc. (NYSE: CMI) reported higher revenue and net income, but the power technology company’s second quarter earnings came in below analysts expectations. Cummins posted second quarter earnings of $4.27 per share, up from $3.32 in the second quarter of 2018, but below the $4.41 average estimates from analysts. The company’s stock is taking […]
How will Pittsburgh Airport build on its air cargo success so far?
Furniture-makers may face long slog in adjusting to tariffs on Chinese imports; Autonomous freight trains to be tested
OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent bulk liquid storage company ANZ Terminals. The ACCC has formed a preliminary view that the potential sale would “substantially lessen competition”… and that’s the first step on the way to blocking the A$350 million (US$248 million) deal.
Free trade deals are driving demand for logistics staff in Australia, says recruiter Hays. Meanwhile, the Australian Federal Government is handing out cash to boost trucking, cargo and road safety. Trucking fuel is much in the news with a new bio-diesel plant opening but industry groups are calling for a better uptake of electric vehicles. Australia’s famed trucking museum may now be in jeopardy.
Asian city-state Singapore has seen a small fall in container volumes and a more noticeable fall in containerized cargo weights in the first half of 2019 when compared to the same period in 2018. Singapore is a bellwether for world trade volumes and it does a substantial amount of business with the U.S. as well.
BorgWarner sales and income declined in the second quarter but revised downward guidance for the rest of the year hammered shares.
Mostly ignored in the B2C rush, small business in the B2B realm are getting a seat at the e-commerce table.
Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in the Permian Basin for the declines. The Deerfield, Illinois-based company reported a 5.1 percent decrease in second quarter net income to $1.62 billion, or $2.83 per share, compared with $1.71 […]
U.S. next day air volumes set the pace for UPS’ second-quarter results
Stock market analysts are not excited by the initial public offering (IPO) of the container- and forestry-products focused Port of Napier on New Zealand’s east coast.
Criminal syndicates are smuggling huge volumes of methamphetamine around the globe by hiding it in the lawful flow of freight. Find out where meth flows, how it flows, and who profits as it flows.
UPS launches a slew of products in arguably its biggest one-day portfolio change in its history
