Industry News Feed
Courtesy of Eye for Transport
Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan […] The post OPEC+ sticks to oil policy, repeats could pause Oct hike appeared first on Reuters News Agency. [...]
Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public […] The post Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024 app[...]
Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes […] The post US, Vietnam discuss supplying Hanoi with C-130 military transport planes[...]
Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to […] The post Some investors demand change at LVMH after probe into Dior contractors appeared[...]
Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as […] The post PwC weighs halving of China financial services audit staff appeared fir[...]
Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana […] The post Traders face $1 bln loss on faltering Ghana cocoa supply appeared first on Reuters News[...]
Reuters exclusively reported that United Auto Workers President Shawn Fain met with the union’s executive board to discuss his deep […] The post UAW considering next steps on worries Trump could beat Biden appeared first on Reuters [...]
Reuters exclusively reported that Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives […] The post Indian officials visit Foxconn iPhone plant, question executives about h[...]
Reuters published an exclusive interview with Turkish Central Bank Governor Fatih Karahan – his first with the media since becoming […] The post Turkish central bank chief ‘extremely determined’ to curb inflation appea[...]
Reuters exclusively reported that German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, a move […] The post Bosch weighs offer for appliance maker Whirlpool appeared first on Reuters News [...]
Freight Forwarding & Logistics headlines from Courtesy of Freightwaves
U.S. retailers and manufacturers are taking steps to mitigate a potentially multibillion-dollar hit if the International Longshoremen’s Association goes on strike at the beginning of October. The post Potential port strike has retailers, [...]
As a possible strike by the International Longshoremen’s Association looms over U.S. East and Gulf Coast ports, here are five port strikes from around the globe that made history. The post 5 port strikes that made history appeared first o[...]
Even a short work stoppage by the ILA would greatly disrupt freight networks. SONAR charts show evidence of shippers looking to avoid getting caught in a potential ILA strike which has impacts on maritime, rail intermodal and truckload data[...]
No talks are scheduled between employers and the International Longshoremen’s Association, which represents unionized workers at ports on the U.S. East and Gulf coasts. Bargaining has stalled over technology and pay issues. The post What [...]
A driver who lost his job after taking a CBD product he thought didn’t have THC is about to argue before the Supreme Court that he should be able to sue the manufacturers under the Racketeer Influenced and Corrupt Organizations Act. The p[...]
In this edition: Q4 could get messy for importers, and Aifleet completes Series B round of funding. The post Check Call: Q4 could get messy appeared first on FreightWaves. [...]
Truckstop.com’s Brent Hutto discusses the company’s zero-tolerance policy toward fraud and its recent work with the FBI. The post Truckstop on fraud: ‘It’s about time we protect each other’ appeared first on FreightWaves. [...]
Your weekly fuel report has arrived! The post Weekly Fuel Report: September 10, 2024 appeared first on FreightWaves. [...]
Tropical Storm Francine is expected to make landfall in Louisiana on Wednesday as a hurricane, bringing a life-threatening storm surge with it. The post Gulf Coast ports brace for Francine as storm inches closer to Louisiana appeared first[...]
UPS said Tuesday it was buying two Germany-based cold chain logistics operators to add to its sprawling health care logistics footprint. The post UPS acquires pair of health care logistics operators appeared first on FreightWaves. [...]
The ILA maintains that it will not accept any extension of their current contract nor any potential mediation by the federal government. The post Half a century later, ILA returns to strike mode appeared first on FreightWaves. [...]
At Uber Freight’s Deliver conference, its founder and CEO announced same day and scheduled deliveries offerings, advanced tech features and said the company has reached $20 billion in freight under management. The post Uber Freight announ[...]
Aifleet raised $16.6 million to help the company grow its operations and help truck drivers optimize their time. The post FreightTech startup Aifleet raises $16M Series B to expand operations appeared first on FreightWaves. [...]
Shortly after testifying about the days leading up to Yellow’s 2023 bankruptcy, its former head, Darren Hawkins, has taken on a new role leading the North American Chassis Pool Cooperative. The post Former Yellow chief lands at chassis co[...]
In the middle of an overarching downward trend in the price of oil, the benchmark diesel price fell for the ninth straight week. The post Diesel surcharge benchmark down 9th week in a row amid oil sell-off appeared first on FreightWaves. [...]
China State Shipbuilding Corp. said it has received approval in principle for a liquefied natural gas dual-fuel vessel of 27,500 twenty-foot equivalent units, the largest boxships afloat. The post China-designed vessel would top all contain[...]
Regulators may consider more oversight as a way to improve rail volumes. The post At STB, rail shippers reveal preference for trucks appeared first on FreightWaves. [...]
With fraud on the rise, verifying carriers has become one of the top ways shippers can fight fraud on the front lines. The post Carrier verification key to fighting freight fraud appeared first on FreightWaves. [...]
Air Canada’s failure to reach a collective bargaining agreement with pilots could jeopardize freight customers as soon as Sept. 18. The post Cargo shipments face delays if Air Canada pilots go on strike appeared first on FreightWaves. [...]
Cut the noise and get the info you need now. Stop wasting time on endless reports. ISAAC Analytics gives you AI-powered insights to make faster decisions, save money, and optimize […] The post White Paper: Understanding AI and What It[...]
Universal Logistics is cutting more than 90 workers at its facility in Detroit. The post Universal Logistics eliminating a shift in Detroit, laying off 92 workers appeared first on FreightWaves. [...]
The National Hurricane Center says Tropical Storm Francine in the Gulf of Mexico could develop into a hurricane threatening coastal Louisiana and northern coastal Texas on Wednesday. The post Hurricane watch issued for Louisiana as Tropical[...]
The FreightWaves SONAR National Truckload Index (NTI) is a seven-day moving average of freight spot rates that measures the U.S. for-hire, over-the-road dry van trucking market. Historical and daily NTI data is available only through Freigh[...]
The Montreal Port Authority is spending more than $42 million to restore and upgrade the Pie-IX rail bridge, a project that will also help a port-based sugar refiner boost capacity. The post Port of Montreal begins key rail bridge rehab app[...]
Qantas has deployed a new Airbus A321 freighter, allowing it to offer more service options for customers in Oceania and Asia. The post Qantas adds freighter capacity to meet rising transport demand in Asia appeared first on FreightWaves. [...]
The Norfolk Southern board of directors is investigating allegations that CEO Alan Shaw had an inappropriate workplace relationship. The post Report: Norfolk Southern board probing CEO over alleged inappropriate relationship appeared first [...]
In today’s fast-paced e-commerce environment, more than ever before, distribution center operations require agility and accuracy. Ever increasing demand for faster delivery speeds and more robust product variety puts pressure […] Th[...]
The post FreightWaves Infographics: Ford plans to invest $273M at Mexico plant to produce EV drive units appeared first on FreightWaves. [...]
Tender rejection rates suffered the largest weekly decline in the past 6 weeks while tender volumes are being impacted by the holiday weekend The post Labor Day sadness appeared first on FreightWaves. [...]
This week in Borderlands: Wiliot chatbot would like a word about food supply chain safety; Maersk opens logistics warehouse in El Paso; Stotland Trucking expands operations in Texas; and Continental Tire plans $87M Fort Worth production fac[...]
The truckload market appears to be increasingly stable through a period when it normally isn’t. While the immediate future appears uneventful, the holiday shipping season is anything but certain. The post Lackluster Labor Day gives no lif[...]
A St. Louis jury award in favor of crash-victim families could stir public awareness for truck trailer safety regulations. The post Wabash National hit with $462M verdict in trailer equipment case appeared first on FreightWaves. [...]
FedEx Corp. announced a strategic alliance with Nimble Robotics on Thursday to scale FedEx Fulfillment with Nimble’s fully autonomous 3PL model. The post FedEx Fulfillment expands through strategic alliance with Nimble appeared first on F[...]
Are you a marketing mastermind ready to showcase your skills and win big? The inaugural Marketing and Media Summit at F3: Future of Freight Festival is offering a chance to do just that. The post FreightWaves announces Ultimate Marketing Ch[...]
In this edition: Maersk Container Industries has a new triple-refrigerant solution, Pharma air cargo gets an upgrade, and a friendly face in the frozen aisle gets a facelift. The post Running on Ice: Triple-cooled cold chain appeared first[...]
The Port of Los Angeles edged out Laredo, Texas, as the No. 1 U.S. trade gateway in July, while Mexico was the top U.S. trade partner for the month. The post Port of LA topples Laredo, Texas, as top US trade gateway for July appeared first [...]
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan Droege; Spencer Barkoff; Deb Labree; Roger Mackbach The post Truckers honored with NASCAR experience at Relay Payments Haul of Fame | WHAT THE TRUCK?!? appeared first on FreightWav[...]
An Illinois-based trucking and logistics company that contracted with the U.S. Postal Service to haul mail and had more than 480 drivers ceased operations abruptly Thursday, according to sources familiar with the closure. The post Illinois [...]
International Longshoremen’s Association representatives unanimously backed President Harold J. Daggett’s call for a coastwide strike at ports from Maine to Texas on Oct. 1. The post Union reps back East and Gulf Coast dock strike appea[...]
The BLS report for August showed another decline in truck transportation jobs and another increase in warehouse employment. The post Truck transportation jobs about where they were when Yellow folded a year ago appeared first on FreightWave[...]
ChargePoint cuts 200-plus jobs in second downsizing of 2024 after tough second quarter earnings report, The post ChargePoint’s latest downsizing intended to help stop the bleeding appeared first on FreightWaves. [...]
On a recent episode of Truck Tech, Alan Adler interviewed industry leaders featuring insights from Cummins, Kenworth and Hexagon Agility spearheading the transition to renewable natural gas (RNG) for heavy-duty fleets. The post Succeeding w[...]
The post FreightWaves Infographics: Texas waterway receives $357M loan to improve shipping channel appeared first on FreightWaves. [...]
In the latest move to strengthen the largest U.S. container gateway, a key Port of Los Angeles terminal will receive $52 million to upgrade its on-dock rail capacity. The post LA port terminal getting $52 million for on-dock rail appeared f[...]
Tender rejections are anemic, and most LTL carriers are reporting down tonnage. The post Is the prospect of tightening capacity this fall overblown? appeared first on FreightWaves. [...]
Weather forecasting agency AccuWeather is reducing its projected number of named storms during the 2024 Atlantic hurricane season following an “unusual” August with low tropical activity. The post AccuWeather reduces number of projected[...]
The Department of Labor has clawed back hundreds of thousands of dollars in back pay owed by Transair, a Hawaiian cargo airline that is no longer flying. The post Defunct Hawaiian cargo airline reimburses workers for unpaid wages appeared [...]
James Winfrey, vice president of partnerships and alliances with Leoforce, joins Jeremy Reymer, founder of DriverReach, to discuss advancements in recruiting technology in the trucking space, highlighting some of the best use cases for leve[...]
U.S. rail traffic has seen its third consecutive week of increases of 8% or more. The post US rail traffic posts third straight week of strong gains appeared first on FreightWaves. [...]
A recent ATA Driver Compensation Study shows median truckload driver salaries are up 10% in two years despite the poor freight market. The post Driver compensation rises despite poor freight market appeared first on FreightWaves. [...]
