Considering that Singapore has over 20,000 people per square mile, it may be prudent for the city-state to consider air taxis as an urban mobility option.
Russia-based GPS hacking has led to 9,883 suspected incidents across 10 locations, including 1,311 civilian maritime vessel navigation systems since February 2016.
With first quarter 2019 earnings set to kickoff on Monday, April 15, FreightWaves is looking at expectations for the transportation stocks.
In partnership with Reliance Partners …Data analytics and machine learning can help companies irrespective of the size of their data sets, as long as the data being captured is of good quality and is specific to the required operational needs.
Matilda is a smart transport hub that helps the elderly and the disabled people by providing real-time information on the schedules of their public transportation, mainly targeted at autonomous vehicles of the future.
Spanish logistics provider ChainGO Tech has joined the Blockchain in Transport Alliance. Read why the company joined the Alliance and what it hopes to achieve with its membership.
The infrastructure of the United States could use some work — especially when it comes to the bridges.
Canadian firm nets C$100 million from deal with Saskatchewan bulk transportation company.
Private equity and venture capital are major forces consolidating transport & logistics and bringing technology into the industry.
High-growth business models make sourcing talent even more difficult for freight brokerages.
Saia, Inc. is providing LTL shipment and tonnage data for the first two months of the first quarter. These are the results.
Asset Balance Solutions is the latest member of the Blockchain in Transport Alliance (BiTA). BiTA just released the first blockchain standard for the freight/logistics/supply chain industries.
Canadian transportation and logistics firm may add as many as 68 new trucks and 160 trailers to its fleet this year.
Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.
In the past several months alone, more than 35,000 trucks were recalled for defects.
China leads the world in adopting futuristic transport technology and transit models – like electric vehicles and mobility as a service (MaaS). McKinsey believes that the trend would continue in autonomous driving niche as well.
Want an snapshot of what the markets are doing? We’ve got you covered with our weekly market forecast.
Things are looking pretty good for the future of freight.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.
Americans have become used to buying fruit and vegetables year-round. But it wasn’t always that way, and improved transportation is the key to year-round produce.
Many feel as though electric trucks will continue to take a backseat for private transportation fleets and for-hire carriers.
Though semi autonomous trucks would be a reality in a decade, IRU believes that it would not displace drivers from the trucking ecosystem but would only make their jobs more sophisticated.
Logistics startup Opus9 provides automated and digital transportation services for small and medium companies to ship truckload and LTL nationwide.
Transport, warehouse supply execs have big CapEx plans.
Zoof-It, a Netherlands-based company that provides a last-mile blockchain platform that instantly rewards for parcel delivery in a convenient, inexpensive and responsible way, has joined the Blockchain in Transport Alliance (BiTA).
McLeod Software has been at the forefront of ERP technology, servicing the whole spectrum of what lies within the core business of companies in the trucking ecosystem.
The following answers were pulled from the 2018 King of the Road survey from Atlas Van Lines.
Trident Transport, a four year old freight brokerage founded in Chattanooga, has announced its plans to open a second office in Tampa Bay, Florida. Russ Feldhacker, a veteran broker, will lead the new branch.
Majority of the U.S. shale oil producers are showing negative cash flow in 2018; Subaru is recalling 400,000 cars due to faulty engine part; U.S. factory orders increase more than expected in September.
In partnership with Slync.io… Multi-partner views of realtime supply chain data are necessary to eliminate manual communications processes like email, which will remove friction and add value to collaborative relationships.
We look at capacity and congestion statistics from the ASCE’s Infrastructure Report Card.
Hurricane Michael has already knocked out power to hundreds of thousands of people in the South with to come.
Traffic congestion is only getting worse. Our latest series of infographics will break down the ASCE’s Infrastructure Report Card.
Hyperloop is a technology that has been touted an exciting prospect in the transportation vertical. What is it about and how could it help improve the industry?
A whopping 97 percent of the employers in the transportation industry feel fatigue impacts their business.
Smart cities end up producing millions of data points every minute. City administrations need to wake up to the potential of data analytics and think of a way to utilize data and reduce urban traffic congestion.
Home Depot is Uberizing same and next-day last mile delivery with two startups backed by UPS. It’s part of Home Depot’s $1.2B investment to makes its supply chains faster and more efficient.
BiTA participated in the Singapore Week of Innovation and Technology (SWITCH) 2018.
Data from LinkedIn’s monthly workforce report shows that hiring in the transportation and logistics sector has continued at a strong pace throughout the last year. While this reinforces much of what has been reported through government statistics, LinkedIn is able to leverage its unique social media data to discover new trends about labor markets in the economy.
As bands of Hurricane Florence are beginning to hit the East Coast, DTN provided a storm update.
ITL, a Chicago-based company specializing in warehousing and logistics, recently became a member of the Blockchain in Transport Alliance (BiTA).
One year later the memories of Harvey are still fresh. With the peak of the Atlantic hurricane season approaching the first real tropical threat to the U.S. mainland is targeting the central Gulf Coast with flooding rain and storm surge potential.
Wipro Limited, a leading global information technology, consulting and business process services company, has joined the Blockchain in Transport Alliance (BiTA).
The Blockchain Research Institute (BRI) and Blockchain in Transport Alliance (BiTA) today announced a new partnership to improve coordination, cooperation and governance within their respective memberships.
How important is innovation to logistics? We look at the responses from 313 logistics professionals (JDA and EFT’s “2018 Global Logistics Report”) to find out.
Uber Freight is gobbling up $500M per year; the US and China hit each other with a new round of tariffs; Georgia Ports extends its inland intermodal network; Saudi Arabia’s Aramco IPO indefinitely delayed; cannabis supply chains mature; Houston is now an oil exporter.
Salesforce, the original SaaS unicorn and the world’s leading customer relationship management platform, announced that it has joined the Blockchain in Transport Alliance.
The legalized cannabis industry witnesses many struggles with plant cultivation, logistical issues with transporting produce, getting it insured, governmental regulations, and most of all – steering clear from the behemoth cannabis black market.
Sharelogis Trade Services China Ltd, the leading China-based provider of logistics services and supply chain solutions, announced that it has joined the Blockchain in Transport Alliance.
Cisco, the world’s leading provider of the networking hardware that powers the internet, has joined the Blockchain in Transport Alliance.
Trident Transport has doubled its revenue every year since it began operations in 2014, and was just named the fastest growing company in Chattanooga, a hothouse for brokerages and freight startups.
Shippers feel like they’re in uncharted territory even a year into an extremely strong trucking cycle, and they’re adapting in a number of ways, including building depth into routing guides, accepting lower service levels, and extending tender lead times.
Senator Bob Corker (R-TN) spoke to FreightWaves about his efforts to rein in what he called the Trump administration’s abuse of authority in imposing tariffs on the United States’ allies and trade partners.
This week’s freight market continues the same patter toward stability, but volume remains steady as we move towards a more volatile time of year.
Last week, analysts from Morgan Stanley—Rajeev Lalwani and Kai Pan—released a note listing the compelling reasons Berkshire Hathaway (NYSE: BRK.A) should consider buying Southwest Airlines (NYSE: LUV).
The city of Cupertino is looking towards hyperloop to reduce its woes with regard to transportation. Apple Inc., the biggest presence in the city might help.
The transportation industry continues to problem-solve the driver shortage, and carrier-created training programs are on the rise. One such program is offered by Holland, a regional carrier based in Holland, Michigan.
Introducing the latest additions to our SONAR platform: DAT lane pricing / Lane Tender Rejection Rates
New bill introduced in the U.S. House asks for a slight reform in the HOS relaxation rules by extending the 150-mile exemption for ag and livestock haulers throughout the year.
Just weeks after opening an office in Singapore, the Blockchain in Transport Alliance (BiTA) has engaged with industry on the benefits and potential of blockchain technology. These discussions have led to NR Capital joining the Alliance.
Six times per year, professors from Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University, and the University of Nevada, Reno collaborate with the Council of Supply Chain Management Professionals (CSCMP) to collate data from professionals in the logistics industry, “identifying trends and developments in the logistics industry over time,” according to the Logistics Manager’s Index (LMI).
Rhode Island begins tolling trucks today; SCOTUS rejects review request by JB Hunt on California case; Rolls-Royce engine problems spread; transportation companies fret over tariffs; Waymo to buy up to 62,000 Chrysler Pacificas.
K & L, a privately owned full-service transportation and supply chain solution provider, recently became a member of the Blockchain in Transport Alliance (BiTA).
E-commerce sales shrugged off a weak quarter for retail overall, and the resilience of online shopping should continue to drive innovation in transportation and freight markets as businesses look to take advantage.
Job openings pushed to a fresh record high at the end of the 1st quarter, indicating that labor market conditions remain healthy in the overall economy. The openings rate in the transportation sector continues to outpace the rest of the economy, and the pace of hiring provides further evidence that the industry is struggling to find workers.
TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.
Social networks can be treasure trove of information for carriers and shippers, helping them identify risky areas for goods movement, to finding employees who are putting the company at risk, and even finding stolen cargo.
Job openings reached a record high in the January JOLTS data. Results were especially pronounced in the transportation and warehousing sector, where openings surged and hiring failed to keep pace
Durable goods orders fell in January, indicating that demand may be losing some steam after running hot over the past several months.
The recent Consumer Electronics Show held in Las Vegas gave Virgin Hyperloop One the opportunity to promote its vision and potential of hyperloop technology.
The Wall Street Blockchain Alliance and BiTA announced a partnership to define the impact of blockchain technology for the global transport markets.
U.S. Rep. Bill Shuster, chairman of the House Transportation Committee, announced he will step away from Congress at the end of his current term.
Mark Lavender, special agent with the Georgia Bureau of Investigations, awarded DAT’s Tami Hart with a “challenge coin” at the DAT User Conference in October for her efforts in helping the Bureau identify and track down hundreds of cases of false payments, cargo theft, and other transportation fraud.
Virgin Hyperloop One has established a new record for hyperloop technology, appointed Richard Branson chairman, and secured $50 million in new funding.
Dry van spot rates hit a 3-year monthly high in November, according to data compiled by DAT Solutions. The November rate was $2.07 per mile, the highest monthly average since December 2014, the firm said, and 5 cents above October levels.
For millions of football fans, a trip to the Super Bowl is the ultimate bucket list item. For blue collar workers, though, attending the game is often out of reach with ticket prices reaching $5,000 and above on the secondary ticket market. For two lucky truck drivers that will change.
The process of sending bills-of-lading with cargo has changed little in generations, but the problems have remained: BOLs arrive at different times than the cargo, causing delays and added cost. But blockchain could eliminate these expenses and streamline the process.
Shipping hazardous materials is risky. Yet carriers are willing to shoulder the risk of moving them across states, but to do so requires understanding a number of regulations that must be followed.
Trucks drive everyday down the highways of America and no one really knows what’s in those trailers. FreightWaves created this infographic to give you an idea of what could be inside that trailer.
Logis9, a tech-enabled, non-asset based 3PL based in Sunnyvale, CA, that designs customer transportation solutions, announced it has joined as a new member of the Blockchain in Transport Alliance (BiTA).
With all the advances being made in technology, it’s time for state transportation departments to be innovative and forward thinking, but that is not the case, according to the latest edition of McKinsey & Co.’s Voices on Infrastructure report.
JD.com, Alibaba’s closest rival in Mainland China, is pushing to develop 1,000 “new energy logistics” vehicles through its subsidiary JD Logistics, Yicai Global reports.
Despite skeptics insisting on calling it an electrical airplane, Uber would rather call its latest prototypes Vertical Take-Off and Landing (VTOL) vehicles. Jalopnik has just reported the ride-hailing innovator’s deal with NASA to develop VTOLs. Tests are expected to start by 2020.
“Uberization” has become a huge buzzword in the 3PL industry, but the business models of the digital brokers using apps is unlikely to have an impact on the way the industry operates. The technology of smart contracts, however, is a game-changer.
The on-demand trucking service trend has hit France, as Convargo is now seeking to become that country’s “Uber of trucking,” TechCrunch reports. The company, which pitched itself as “a marketplace for shippers and carriers,” has raised $19 million in a Series A round of funding.
The Environmental Protection Agency’s (EPA) SmartWay program has recognized 48 carriers, retailers, manufacturers and logistics companies with its SmartWay Excellence Awards.
C.H. Robinson, a world-leading third-party logistics (3PL) provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA) to influence the development of blockchain standards and applications in the transportation business.
For the past 15 years, if a carrier needed some assistance getting over a rough time financially, there has been help available from lenders who specialize in transportation finance. One of those companies is Marquette Transportation Finance, which just surpassed a milestone of sorts: It’s lent more than $15 billion to companies large and small.
There were a number of companies that presented new and updated products this past week at the American Trucking Associations’ MCE 2017 conference in Orlando, FL. Here is a rundown of some of those products.
TMW Systems is working on blockchain-enabled products and gave a demonstration and update on how that work is progressing on Friday.
The potential for the hyperloop technology to take the world by storm is growing. Silicon Valley start-up Hyperloop One has finally chosen what the company views as the best areas to build its first hyperloop tracks.
TMW Systems sees enormous potential with blockchain technology, but notes that successful implementation requires a “strong partnership with a technology provider that understands its intricacies and potential applications.”
Blockchain has become the latest buzzword to enter industry lexicon. While many still may not know what it is, it is likely to be a technology that transforms trucking and the way it operates. Fleet Complete is one of the companies that has recognized its potential.
After seeing the fleet-wide fuel economy average climb 3% in 2015, the North American Council for Freight Efficiency (NACFE) says that the increase reported in its Annual Fleet Fuel Study was not as dramatic for 2016.
To solve inefficiencies in the supply chain, project44’s goal since day one has been to focus on the automation, optimization, and visibility of the freight movements by replacing legacy technologies with its “one-to-many” connectivity.
Although some politicians abhor rising GHG levels while others deny that global warming even exists, the general consensus of the private sector is that if corporations don’t get on board with safe environmental practices now, they will quickly fall behind their competitors.
Analysts continue to argue that EVs are not ready to compete with internal combustion engines (ICE), and technology advances will need to come in the next decade or two before EVs can dominate the marketplace. But the Tesla Model 3 is challenging that, and it’s success is something that trucking will watch closely.
Oil or electric? The future of transportation power is still unclear, but electric is making a strong push amid oil price volatility.
According to PriceWaterhouseCooper (PwC) global transportation and logistics deals soared in the second quarter of 2017, rising 127% over the first quarter and 26% year-over-year. One of the reasons is e-commerce.
