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.
Employers can choose $1.25 bundling option or $24,000 annual fee.
Canada Pension Plan Investment Board to acquire up to 8 percent of fast-growing e-commerce fulfillment company.
Already the undisputed Class 8 sales leader, the 2020 Freightliner Cascadia arriving this fall is a technological tour de force that allows the truck to do most of the work of driving.
Company representative confident award will be reinstated in state supreme court.
Small carriers that do not have the change their hardware in order to make the switch to ELDs need the shortest lead time.
XPO unit, class of drivers and helpers reach $5.5 million settlement to end three-year legal fight over job classification
Jim Blaze writes about FreightWaves SONAR and how it could be a helpful tool for the freight railroads.
A federal appeals court denies a request by rail shippers to form a class lawsuit, and U.S. Senators press the Surface Transportation Board to take action.
The National Customs Brokers and Forwarders Association of America welcomed a recently proposed rule from U.S. Customs and Border Protection that requires customs brokers to have a more complete identification of their importer clients.
These smart legal contracts allow participants to track post-signature performance of the agreement by integrating it with the existing enterprise systems.
The United States-Mexico-Canada Agreement (USMCA) was the hot topic at the most recent meeting of the Laredo Motor Carriers Association (LMCA). Trucking industry leaders, customs brokers, freight forwarders and trade professionals from both sides of the United States-Mexico border gathered August 15 in Laredo for a presentation entitled “Modernization of Cross-Border Trade.” Speaking at the […]
If theres going to be an exception for trucking, its going to be next year or through the courts.
A new app aims to streamline household moves, plus China shipping empty containers to Europe and air cargo volumes drop again.
PE firms pay up to eight times EBITDA for chemical haulers.
Zoos and aquariums rely on the expertise of logistics professionals to safely and humanely relocate live animals
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.
Low vacancy rates in smaller industrial markets signal a broadening of expansion in logistics property cycle
New guidelines highlight vessel safety issues for project developers.
Chris Henry, Program Manager, TCA Profitability Program A weekly review of the Key Performance Indicators (KPIs) that all trucking companies should be tracking on a daily, weekly and monthly basis. These standardized KPIs are the foundation of the TCA Profitability Program’s inGauge Benchmarking Platform – the largest (and only) online benchmarking platform for the North […]
Trucking software supplier Drivewyze is adding the dangerous mountain passes of Colorado to its safety alerts for subscribers of its PreClear weigh station bypass program.
The on-again, off-again trade war between the U.S. and China is a great threat to commercial vehicle forecasts, already buffeted by too many trucks and slowing freight growth.
The U.S. Commerce Department has added 46 additional overseas affiliates of Chinese telecommunications technology manufacturer Huawei Technologies Co. Ltd. to the restrictive Entity List.
EPAM Systems is the latest member of the Blockchain in Transport Alliance. Learn more about the company and the Alliance in this article.
Uber Freight needs access to more capacity to keep up with 153 percent growth in gross bookings.
The new IMO regulation reducing ships’ sulfur oxide emissions aims to improve the health of the environment and human population, especially near coasts and ports. This also means increased costs and a shift in strategies for maritime shippers. A panel at the Edge 2019 conference will explore these regulations and their predicted effect on logistics.
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.
Shuttering of Northern Pulp in Nova Scotia would remove millions of dollars of freight spent – and potentially put some trucking companies out of business.
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 […]
A. Duie Pyle Chief Executive Peter Latta opens up about ransomware attack in June.
The trade war with China has altered international shipping patterns, which has started to shift freight volumes to the East Coast.
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.
Eliminating the residential fee reveals UPS’ comfort level and ability to better engineer its network.
OTVI.USA began the week with a rocky start before recovering to finish the week.
Mala Parker says she’ll work to modernize U.S. roads and bridges.
The Truckload Carriers Association has named Kevin Phillips of Sheridan, a professional truck driver with CalArk International, Inc. a Highway Angel. He is being recognized for aiding a woman after vehicle rollover. Phillips has been a truck driver for 30 years, but said he’s never experienced anything like what happened May 22. It was 5 a.m. […]
FreightWise found a sweet spot in SaaS-based parcel and LTL managed transportation.
The Federal Railroad Administration is asking freight and passenger railroads to apply for grants aimed at upgrading infrastructure or enhancing safety.
The Commerce Department’s Bureau of Industry and Security subjects 17 overseas entities to stricter U.S. export licensing controls by adding them to the Entity List.
A trio of interviews from the recent ACT Research conference and a discussion with a leading thought leader on the third-party logistics (3PL) industry highlights this week’s edition of FreightWaves Radio on SiriusXM Road Dog Trucking. Evan Armstrong of Armstrong & Associates will kick the show off by giving his insights on the state of […]
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.
Small fleets need to fully understand their financial situation, improve awareness of technology and have set processes in place to fluidly scale up the business.
Kobo360 is one of the most recognized FreightTech players in Africa, helping shippers connect with carriers in a market riddled with severe visibility and transparency concerns.
FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announces the start of the nomination process for the 2020 FreightTech 100 Awards. “The 2019 FreightTech 100 Awards were a great success,” stated FreightWaves CEO Craig Fuller. “More than 500 companies were nominated for the awards, and those […]
Contract rates are still sliding down against steady spot rates.
Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.
Experts say revisions could help fix long-term market inefficiencies.
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.
Will Sehestedt will focus on building relationships on behalf of FreightWaves with associations and universities.
TCA Vice President of Government Affairs, Dave Heller and TCA Manager of Government Affairs, Kathryn Sanner (PHOTO: JIM ALLEN/FREIGHTWAVES) On August 5, the Federal Motor Carrier Safety Administration’s (FMCSA) announcement of its intent to make the Crash Preventability Determination Program permanent brought many cheers from the trucking industry. Penalizing carriers for non-preventable crashes, particularly through […]
Canadian Larry Ash welcomes carrier’s dismissal of fellow trucker he recorded making a dangerous pass in British Columbia.
Drones may be one of the key answers to last-mile delivery. Read about how drones are being used around the world.
Don Daseke steps down as Chairman of the Board and Chief Executive Officer as the restructuring continues.
The jobs of 449 workers are at stake as Aspray Transport closes down on August 16, after reeling under insurmountable debt and a worsening Brexit situation.
Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up for hours, said officials in Mexico. “Both Mexican and American customs are spending more time reviewing the trucks – with wait times between four and four and one-half hours,” said […]
Reaction is mixed among stakeholders to hours-of-service rule changes proposed by the Federal Motor Carrier Safety Administration.
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.
Safety, labor advocates register early opposition to rule changes.
The states of Illinois, Nevada and Washington are seeking to push ahead with state laws requiring a train crew size of at least two individuals, despite a federal declaration saying that such laws have been voided.
A long-term strategy to maintain pricing discipline has propelled the once-damaged LTL sector to one of its best decades ever.
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.
Payback for a record run of new trailer orders last summer continued in July with fewer than 10,000 new orders placed, a dramatic drop from the same month in 2018. Typical during summer months, low orders suggest a possible return to normal order patterns after an overheated second half in 2018.
Earlier today, the Federal Motor Carrier Safety Administration (FMCSA) released a new Notice of Proposed Rulemaking (NPRM) to make changes to the federal hours-of-service (HOS) regulations. These include granting additional flexibility for drivers utilizing a truck’s sleeper berth, standardizing the 14-hour driving window for short-haul drivers, alterations to the 30-minute rest break requirements and updates […]
The FreightWaves Freight Intel Group’s latest research shows that a freight recession is taking place.
Transportation and logistics firm plans additional brokerage offices in the United States, while CEO suggests a willingness to make an asset-based acquisition.
Memphis-based is the latest BiTA member. Read about this interesting company’s purpose.
186 transportation and logistics companies made the list.
30-minute rest break, split sleeper berth requirements among five major revisions.
Wisconsin-based Schneider National recently announced it is building a new operations center in Dallas, where the company will manage up to 500 truck drivers. The new facilities will include a 14,000-square-foot driver services building and a 47,000-square-foot maintenance building, sitting on more than 50 acres. “The new facility will include many of the amenities found […]
Views of the market from the ACT Research seminar
There are a dozen electric scooter companies in Paris, and the city has seen enough of the impact that an unregulated e-bike market can create on the city roads.
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.
Canadian transportation firm posts a 19 percent drop in revenue on tougher freight market on both sides of the border.
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.
Cowen analyst Jeffrey Osborne has raised his estimate for Workhorse Group Inc. shares from $2.00 to $4.00 based on the company beginning production in the fourth quarter of more than 1,100 lightweight electric-powered NGEN vans.
Government denies claims the IRS misled company on excise tax rules.
Waiting until December to start running ELDs could leave some carriers in a lurch.
Multi-modal data and channel checks with freight brokers point to a good setup for peak season.
Distributed Ledger Technology (DLT) and blockchain is becoming more mainstream. Information about a new study of DLT provides details.
Two bond rating agencies downgrade UPS debt, urging caution in how it allocates free cash flows
Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive their very own Class 8 vehicle off the lot. However, these commercial machines are not cheap nor is it an easy task to keep up. Whether you are planning to start or expand […]
The transformation continues at Celadon Trucking with former Swift Transportation chief taking the helm.
Ashley Coker The Truckload Carriers Association has named Ed and Tracy Zimmerman, a husband and wife team who drive for Hirschbach Motor Lines, Inc. “Highway Angels.” They are being recognized for their selfless courage in racing to pull a trapped motorist from his burning vehicle. The duo left fear behind them one Saturday morning when they […]
Daimler Trucks is sending the first two eCascadia Class 8 battery electric-powered trucks to fleets in Southern California in late August as part of a 30-truck test fleet preceding regular electric truck production.
Amazon nears U.S. release for Prime Air drone deliveries.
Portuguese truck driver unions have gone on an indefinite strike, demanding better monthly base salaries.
FourKites has connected the truck to the distribution center with its new Facility Manager solution, providing new levels of visibility into operations.
Phononic provides semiconductor chip solutions that help companies replace inefficient and bulky compressors, heat sinks and fans used for cooling and heating products moving in the cold supply chain.
But Japan’s biggest shipping line looks to restart Long Beach service after summer hiatus.
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.
UPS hires Pepsi executive as CFO in rare move going outside the company
USPS’ first quarterly decline in package volumes in 9 years throws up warning flares over lost business from its biggest customers
Third-party logistics provider aims to grow presence in its West Coast markets.
Dickson will take on oversight of Boeing 737 MAX grounding.
A weekly review of the Key Performance Indicators (KPIs) that all trucking companies should be tracking on a daily, weekly and monthly basis. These standardized KPIs are the foundation of the TCA Profitability Program’s inGauge Benchmarking Platform – the largest (and only) online benchmarking platform for the North American Truckload market. There are endless Key […]
Shifting rules at marine terminals pose challenge to drayage.
