Industry News Feed

Courtesy of Eye for Transport

Reuters exclusively reported that Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm amid […] The post Southeast Asian tech giant Sea disbands investment arm appeared first on Reuters News Ag[...]

Reuters exclusively reported that JPMorgan Chase & Co (JPM.N) will shut 21 branches of First Republic Bank by the end […] The post JPMorgan to close 21 First Republic Bank branches appeared first on Reuters News Agency. [...]

Reuters exclusively revealed that Mexico is evaluating whether buying Citigroup Inc’s (C.N) Mexican consumer unit would help boost financial inclusion, […] The post Mexico mulls benefits of Banamex purchase, eyes synergies with [...]

Reuters exclusively reported that UniCredit has been trimming the share of Amundi funds among its assets under management as the […] The post UniCredit cuts Amundi funds’ share in assets under management appeared first on Reuter[...]

Reuters exclusively reported that private equity firms Francisco Partners and TPG have ended talks to acquire New Relic after they […] The post Francisco Partners, TPG end talks to buy New Relic appeared first on Reuters News Agency. [...]

Reuters was first to report that activist investor Carl Icahn had won enough Illumina Inc. shareholder support to install one […] The post Icahn poised to win at least one seat on Illumina’s board appeared first on Reuters News [...]

Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the […] The post Fast-fashion giant Shein plans Mexico factory appeared first on Reuters News Agency. [...]

Sources exclusively shared with Reuters that Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment, […] The post Media editing software vendor Avid explores sale appeared first on Reuters News Agen[...]

In his first interview since taking the role, Chief Financial Officer Georges Elhedery exclusively told Reuters that HSBC is reviewing […] The post HSBC puts global footprint under fresh scrutiny, considers dozen exits appeared first [...]

Reuters exclusively reported that Vietnamese property giant No Va Land Investment Group Corp (NVL.HM) is in talks with creditors to […] The post Vietnam’s No Va Land in talks with Credit Suisse, others to restructure debt  appe[...]

Freight Forwarding & Logistics headlines from Courtesy of Freightwaves

STG Logistics’ acquisition of Best Dedicated Solutions will add expedited, dry van, temperature-controlled and flatbed OTR transportation to STG’s existing services. The post STG acquires Best Dedicated to beef up OTR solutions appeared[...]

As the transportation industry continues to adopt more vehicle and internal technologies considered hackable, the importance of penetration testing takes center stage. The post Is your system vulnerable to cyberattacks? Here’s how to find[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Charles Gracey; Carlos Medina and Danny Ramon The post Who’s stealing your freight, supply chain’s biggest spills and the logistics NASCAR race – WTT appeared first on Freight[...]

The best shipping partners are those who collaborate to cut costs without service degradation. The post How can you unlock service excellence and cost efficiency in logistics? appeared first on FreightWaves. [...]

This report shares an in-depth overview across the trucking, maritime and intermodal markets. The post White Paper: State of the Industry – June 2023 appeared first on FreightWaves. [...]

The Federal Railroad Administration has doled out more than $570 million in funding for projects designed to reduce or eliminate highway-grade crossings. The post FRA grants $570M to projects eliminating railroad crossings appeared first on[...]

Weekly NTI Update The post Weekly NTI Update: June 05, 2023 appeared first on FreightWaves. [...]

Navistar Inc. is recalling more than 92,000 trucks and buses because an antilock brake system warning light may not work. The post Navistar recalls 92,193 trucks and buses for ABS issue appeared first on FreightWaves. [...]

Driver turnover. Fleet safety scores. Insurance premiums. A lot is riding on hiring, onboarding, training, and retaining the right drivers. Ongoing training supported by advanced technology that includes a telematics device makes [...]

The post Daily Infographic: Summer driving tips appeared first on FreightWaves. [...]

Nearshoring and reshoring manufacturing developments bypassing Canada for the U.S. and Mexico. The post Is Canada losing out to US and Mexico on nearshoring boom? appeared first on FreightWaves. [...]

The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began. The post West Coast container ports hit as labor talks take ominous turn appeared first on FreightWaves.[...]

This week in Borderlands: Texas seaport completes a $146 million container terminal expansion; a chemical logistics provider expands its Arizona operations; Bollore Logistics opens a supply chain facility in Mexico; and border agents seize [...]

May’s Class 8 truck orders rose, but a truer measure of manufacturing health is the industry’s still-elevated backlog-to-build number. The post Rising May Class 8 truck orders less telling than backlog burn appeared first on FreightWave[...]

The jury is still out on whether truckload demand has hit the floor. The post Truckload market shrugs off Roadcheck and Memorial Day appeared first on FreightWaves. [...]

Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing. The post New way to place your bets on boom and bust of shipping cycle appeared first on FreightWaves. [...]

Move may come as a surprise to those who thought Jim Barber was the top candidate. The post C.H. Robinson reportedly tapping Ford executive as new CEO appeared first on FreightWaves. [...]

Your latest info on all things cold chain The post Running on Ice: We’re all friends here appeared first on FreightWaves. [...]

Growing interest in containerization drove speed and optimization in the transport industry and overtook previous methods of shipping over time. In 1975, United States Lines resumed containerized cargo service, reducing transit time between[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by FinPark's Anthony Petitte; Courier Network's Thomas Funkhauser and Eight Twenty-Eight's Casey Jenkins The post Can tech fix truck parking, how air expedite works and the Doritos supply [...]

One last round of bad news to cap this week: China and the U.S. both posted dismal data from their respective industrial economies. The post June bugs and gold bugs appeared first on FreightWaves. [...]

Technology might not be the only thing causing the freight rail industry to pivot. The industry’s relationships with its workforce and its customers might also be transitioning, suggested some speakers at the North American Rail Shippers [...]

Class 5 electric trucks have a broad customer base and a lot of manufacturers chasing the space where regulation comes soon. The post Electrifying medium-duty trucks is a class act appeared first on FreightWaves. [...]

The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40' containers. The post FBX Report: June 02, 2023 appeared first on FreightWaves. [...]

Truck transportation jobs may have risen between April and May, but the more significant number is the trend since January, which has been down. The post Add it up: Fewer truck transportation jobs in May than January appeared first on Freig[...]

Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter. The post Saia’s Q2 update suggests worst of downturn in rearview appea[...]

Freight brokers can “increase their capacity by managing their own dedicated pool of leased trailers,” said Graham Gonzales, vice president of strategic accounts at Reliance Partners. Reliance is America’s fastest growing and most div[...]

The post Daily Infographic: 3 reasons you won’t want to miss the Future of Supply Chain appeared first on FreightWaves. [...]

Regulators explain the rationale behind an upcoming rulemaking for third-party CDL knowledge testers versus issuing a permanent waiver. The post FMCSA wants more regulation of tests for new truck drivers appeared first on FreightWaves. [...]

Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills. The post Fear of catastrophic shipping accidents rises despite safety gains appeared first on FreightWaves. [...]

FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter. The post Fewer FedEx flights raises red flag for 4th-quarter earnings a[...]

An ambitious train robbery goes off virtually without a hitch. But one little mistake leads to the downfall of this daring gang. The post Infamous train robbery solved after a shocking mistake appeared first on FreightWaves. [...]

Like many FreightTech companies that have laid off workers in recent months, CloudTrucks blames the declining freight market for the job cuts. The post VC-backed CloudTrucks blames ‘tough freight market’ for layoffs appeared first on Fr[...]

Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes. The post US import demand positioned to find a new bottom in 2023 appeared first on FreightWaves. [...]

Centerline Drivers VP John Trahan debunks the misconceptions surrounding staffing companies and stresses the importance of investing in all drivers. The post Staffing solutions for success — Taking the Hire Road appeared first on FreightW[...]

Using the California Advanced Clean Trucks (ACT) rule, the Biden administration's proposed Phase 3 truck rule sees the EPA potentially imposing stricter standards on carbon dioxide emissions for truck makers and buyers. The post Loaded and [...]

How industry stakeholders are responding to efforts to legislate rail safety reforms was one of the themes percolating at the recent North American Rail Shippers annual conference. The post Shaw: NS is ‘going to be the gold standard in s[...]

RIST Transport acquired less-than-truckload peer AMA Transportation in a deal that creates a major regional player in the Northeast, according to an industry insider. The post Northeast LTLs combine: RIST Transport acquires AMA Transportati[...]

Ikea announced it has acquired cloud-based supply chain and warehouse management software provider Made4net. The post Ikea buys US-based supply chain software services platform appeared first on FreightWaves. [...]

Federal safety regulators have opened a preliminary evaluation of automatic emergency braking in Freightliner Cascadias. The post NHTSA probes Freightliner Cascadia automatic emergency braking appeared first on FreightWaves. [...]

The capacity at Amazon’s Atlanta facility has doubled to 2.4 million disaster relief items ready for shipment. The post Amazon doubles capacity of Disaster Relief Hub appeared first on FreightWaves. [...]

Freight Ninja is positioning itself as an industry leader in combating the truck parking shortage across the United States. The post How can companies weather the truck parking crisis? appeared first on FreightWaves. [...]

The post Daily Infographic: How the world commutes appeared first on FreightWaves. [...]

There may be plenty of hand-wringing about California’s Clean Fleets rule, but fleets are advised to start getting ready for it. The post Advanced Clean Fleets rule: Like it or not, it’s time to get ready  appeared first on FreightWav[...]

Shippers will be able to place lots of freight on widebody jets British Airways will start flying to Cincinnati/Northern Kentucky International Airport from London. The post British Airways brings belly cargo to Cincinnati/N. Kentucky airp[...]

Supply chain visibility provider Descartes beat first-quarter estimates, and management said they are optimistic about recent trends. The post Descartes sees February as cycle low point appeared first on FreightWaves. [...]

The Pacific Railway Act of 1862 brought about the first transcontinental railroad. Check out the photographs and illustrations that depict what it was like to work on the railroad at the time. The post A look back on the 1st transcontinenta[...]

The California State Assembly voted 54-3 to ban autonomous trucks without safety drivers from the state’s roadways. The post California State Assembly votes to ban driverless trucks appeared first on FreightWaves. [...]

A project sponsored by West Coast states is seeking the entire first round of federal funding set aside for zero-emission charging and fueling networks. The post California Dems lobby DOT for $700M electric truck charging project appeared f[...]

Two regulations proposed by the Federal Railroad Administration call for freight railroads to create programs to certify train dispatchers and signal employees. The post FRA proposes rules for certifying train dispatchers, signal employees [...]