Industry News Feed

Reuters exclusively reported that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around […] The post Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender appe[...]

Reuters exclusively reported that Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in […] The post Vietnam mounts ‘unprecedented’ $24 billion rescue for bank[...]

Reuters exclusively reported that Russian copper producer RCC and Chinese firms have avoided taxes and skirted the impact of Western […] The post Russia and China trade new copper disguised as scrap to skirt taxes, sanctions appeared [...]

Reuters exclusively reported on Amber Capital backing a proposal to break up ProSiebenSat.1 made by the German broadcaster’s top investor […] The post Activist investor Amber Capital backs MFE’s push for changes at ProSieben [...]

Reuters exclusively reported that Chinese authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed […] The post Beijing nudged Syngenta to withdraw $9 bln Shanghai IPO on market we[...]

Reuters exclusively reported that Walt Disney Co secured enough shareholder votes to defeat a challenge against its board mounted by […] The post Disney prevails over Trian in board fight  appeared first on Reuters News Agency. [...]

Reuters exclusively reported that Boeing 737 MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up […] The post Boeing 737 output drops on quality checks, more FAA audits appeared first on Reuters News [...]

Reuters exclusively reported that Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property […] The post China pushes banks to speed approvals of new loans to private developers  appeare[...]

Reuters exclusively reported that Ukraine would dismantle within days its “sponsors of war” blacklist, central to Kyiv’s campaign to expose […] The post Pressure mounts on Ukraine to scrap ‘sponsors of war̵[...]

Reuters exclusively reported that a U.S. lawmaker involved in health policy has asked the Food and Drug Administration why it […] The post US lawmaker seeks answers on FDA inspection of Musk’s Neuralink  appeared first on Reute[...]

This week in Borderlands: China boosts its Mexico investments as nearshoring opportunities grow; Realterm acquires truck terminal in El Paso, Texas; Horton Automatics opens plant in Matamoros, Mexico; and Schunk invests $7 million to expand[...]

Demand pattern shifts are invisible in an oversupplied freight market, which may lead to problems once supply-and-demand conditions become more balanced. The post Abundant capacity is hiding freight pattern shifts appeared first on Freight[...]

A possible strike by Daimler North America workers was averted at the last minute late Friday with a four-year deal. The post Deal averts strike at Daimler North America as UAW celebrates pact appeared first on FreightWaves. [...]

Universal Logistics sees a potential uptick in trucking volumes and rates by the end of the year. The post Universal Logistics’ Q1 trucking revenue falls 12.6% appeared first on FreightWaves. [...]

Despite the timing of the Lunar New Year, import volumes at three of the largest U.S. ports rose year over year. The post Port roundup: Strong annual growth across the board appeared first on FreightWaves. [...]

TFI CEO Alain Bedard thinks the company’s U.S. LTL operations are booking too much light freight. The post TFI’s US LTL operations need heavier shipments, CEO says of Q1 results appeared first on FreightWaves. [...]

In this edition: Tower Cold Chain introduces a pyramid, the Port of Savannah gets a new neighbor, and consumer spending negatively impacts Nestle. The post Running on Ice: Pyramids and the pharmaceutical supply chain appeared first on Frei[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by University of Tennessee Knoxville; Thomas Deakins; Lance Saunders; Matthew Leffler; Anthony Slamar; Mark Barlar The post What noncompete ban means for freight; UT’s Global Supply Chai[...]

The Federal Highway Administration announced $148 million in grants to combat pollution at the nation’s ports caused by idling trucks. The post FHWA awards $148M in grants to fight pollution from trucks at US ports appeared first on Frei[...]

Saia and other less-than-truckload stocks sink for a second time in a week as quarterly reports disappoint. The post Saia’s Q1 miss, weak March shipments send shares 20% lower appeared first on FreightWaves. [...]

The transportation industry is a major contributor to climate change. Turmoil in maritime shipping is forcing route diversions that are spiking emissions, reflected in data from Xeneta. The post Xeneta finds supply chain diversions fuel spi[...]

A startup named for science fiction author Jules Verne is closing in on cryo-compressed hydrogen fuel for greater energy density. The post Really cold hydrogen could bring driving range parity with diesel appeared first on FreightWaves. [...]

The post FreightWaves Infographics: FMCSA sees ‘significant impacts’ on truck drive times in Baltimore area appeared first on FreightWaves. [...]

Glen Stewart, director of strategic programs at Wabash, discusses the company’s Trailers-as-a-service (TaaS) offering, which is designed to help increase asset uptime. The post FreightTech Friday: Wabash sees success with trailers-as-a-s[...]

Amerijet, trying to pull out of a downward spiral, is floating possible furloughs to address a pilot surplus. The post Cargo airline Amerijet warns of pilot furloughs amid downsizing appeared first on FreightWaves. [...]

Soft freight market conditions continue to create market headwinds as Hub Group’s first-quarter revenue declines 13% year over year. The post Hub Group sees Q1 revenue fall 13% year over year to $999M appeared first on FreightWaves. [...]

A requirement that motor carriers pass a written safety exam before being issued a DOT number will be delayed again as new drivers involved in fatal crashes are on the rise. The post Crash data involving new truck, bus drivers getting worse[...]

While supply chains remain uncertain, here's how SONAR can help freight keep the status quo. The post See around the consensus appeared first on FreightWaves. [...]

The U.S. Department of Labor announced a final rule that will ensure overtime pay for some salaried and highly compensated employees – a move that critics say could hurt brokers operating small businesses. The post Transportation Intermed[...]

Truckload carrier Pam is running a Dutch auction to buy back its shares, which soared on the news. The post Pam sets Dutch auction to buy back shares; battered stock price soars appeared first on FreightWaves. [...]

Todd Spencer, president of the Owner-Operator Independent Drivers Association, highlights regulatory challenges at the FreightWaves Small Fleet & Owner-Operator Summit. The post OOIDA president talks regulatory challenges facing owner-[...]

Stefan Trifan, president of APL Cargo, immigrated to the U.S. and built a successful carrier from the ground up, despite prejudice and discrimination. The post Starting an American dream from scratch – Taking the Hire Road appeared first [...]

Cargo flows expanded at ports in Houston, New Orleans and Mobile in March but fell slightly at the Port of Corpus Christi. The post Gulf Coast ports report cargo volume surge in March appeared first on FreightWaves. [...]

Wyoming locomotive engineer Andrew Kirol claims in a lawsuit that he was injured when an AI system used by Union Pacific gave incorrect information to locomotives on the train on which he was working. The post Federal suit alleges AI system[...]

Broker Landstar System’s first quarter showed the year-over-year declines are lessening while the trucking industry awaits an inflection to a prolonged freight recession. The post Landstar still waiting for break in freight recession appe[...]

In this white paper, Einride compares the three most talked-about alternatives to diesel – battery electric, HVO biofuel, and hydrogen fuel cell – based on four essential factors for long-term viability. The post White Paper: Battery el[...]

Shippers at constant risk of damaged freight, and often only recover a fraction of the value with carrier liability, says Echo Global Logistics SVP Molly Mangan. The post Why LTL shippers need additional insurance coverage appeared first on[...]

Knight-Swift Transportation said Wednesday it will cut costs and focus the bulk of its investments away from truckload-related offerings in the near-term. The post Knight-Swift cutting costs, focuses on asset utilization  appeared first on[...]

In a quarter of tough earnings report, Covenant Logistics performed relatively well. The post Covenant’s operating numbers mostly hold up in challenging first quarter appeared first on FreightWaves. [...]

Federal regulators are taking the first steps to crack down on scams caused by hackers into the trucking industry’s government registration system. The post FMCSA standing up registration fraud team appeared first on FreightWaves. [...]

A key sales executive at LoadSmart discusses the company’s TMS capabilities and where it fits today with the needs of smaller fleets. The post Loadsmart spotlights small fleets’ technology needs and opportunities appeared first on Frei[...]

New Norfolk Southern COO John Orr made his debut on the railroad’s earnings call, but there was little talk about an ongoing proxy fight. The post No surprises in Norfolk Southern earnings as COO Orr makes debut appeared first on FreightW[...]

Michael Kornhauser, sector vice president of transportation at Trimble, advocates for commercial navigation as an essential tool to keep drivers safe, legal and efficient on the job. The post Michael Kornhauser talks need for commercial veh[...]

Hawaiian Airlines won’t fly as many cargo jets for Amazon as expected this year because of supply issues and Amazon’s timing preference for integrating aircraft into the fleet. The post Hawaiian Airlines slowly adds freighters for Amazo[...]

Adam Wingfield, founder of Innovative Logistics Group, speaks to how owner-operators can use evolving technology to their advantage to maximize profits. The post Logistics company founder shares how owner-operators can find success appeared[...]

Transportation M&A adviser Spencer Tenney said a stabilizing freight market is helping to support M&A demand. The post Freight market stabilization helping buoy M&A activity appeared first on FreightWaves. [...]

An in-line earnings report and tepid guidance from Old Dominion sent shares of less-than-truckload carriers lower Wednesday. The post Old Dominion’s Q1 earnings meet estimate, but LTL stocks fall anyway appeared first on FreightWaves. [...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Evan Shelley; Hunter Shearer; Alan Adler; King Spud The post What truckers really think, small fleet electrification and the parking problem – WTT appeared first on FreightWaves. [...]

Truckstop CEO Kendra Tucker said her company has taken steps to address freight fraud on its platform. The post Truckstop CEO: Industry uniting in fight against load board fraud appeared first on FreightWaves. [...]

Jamie Hagen, owner of Hellbent Xpress, talks about the importance of community and saving pennies in the trucking business. The post ‘Twitter is the new CB radio,’ says Hellbent Xpress owner Jamie Hagen appeared first on FreightWaves. [...]

Chad Boblett explains why he started a Facebook group to help owner-operators. The post Trucking influencer shares business and health lessons appeared first on FreightWaves. [...]

Distractions in Washington will not deter OOIDA’s Todd Spencer from keeping the focus on his members, he said at FreightWaves’ Small Fleet and Owner-Operator Summit. The post Election-year politics cuts into small-trucker priorities app[...]

The post FreightWaves Infographics: Desirable truck stop amenities appeared first on FreightWaves. [...]

UPS is working to transition U.S. Postal Service business from incumbent air cargo supplier FedEx and hire more pilots before the current contract officially ends. The post US Postal Service to migrate air cargo to UPS during summer appear[...]

Tesla’s first-quarter revenue fell 9% amid 6,000 worker layoffs in California and Texas. The post Tesla’s Q1 revenue falls 9% amid mass layoffs in California, Texas appeared first on FreightWaves. [...]

Heartland Express said Tuesday weak freight fundamentals led to another net loss during the first quarter. The post Heartland Express books another net loss appeared first on FreightWaves. [...]

Open-deck transportation marketplace EXO Freight closed its physical office in Chattanooga, Tennessee, and laid off most of its employees to focus on improving its technology for enterprise shippers and their managed services. The post EXO [...]

In this edition: Large brokerages take sizable hits, and an unlikely partnership could redeem a fast-fashion company. The post Check Call: The broker dry spell appeared first on FreightWaves. [...]

Investors cheered Ryder’s earnings, which weren’t immune to the weakness in the trucking market. The post Ryder’s Q1 reflects weak trucking market, but performance boosts stock appeared first on FreightWaves. [...]

With the right kind of fuel, internal combustion engines can be used to meet climate policy goals in transportation without going to all-electric trucks, according to ATRI. The post Trucking research firm touts renewable diesel fuel over EV[...]