Industry News Feed

Courtesy of Eye for Transport

Reuters exclusively reported that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the […] The post US warned Raiffeisen access to dollar system could be curbed over Russia appeared first on [...]

Reuters exclusively reported that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority […] The post UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive appear[...]

Reuters exclusively reported that UBS is shutting down some of its China private funds business and will lay off one-third […] The post UBS shuts some China private funds, will lay off staff  appeared first on Reuters News Agency. [...]

Reuters exclusively reported that the European Central Bank is poised to order Italy’s UniCredit to cut back its business with […] The post ECB set to order UniCredit to reduce Russia business appeared first on Reuters News Agen[...]

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. [...]

Freight Forwarding & Logistics headlines from Courtesy of Freightwaves

Forward Air announced it has hired two-time YRC Worldwide chief financial officer Jamie Pierson. The post Forward Air hires former YRC financial architect Jamie Pierson as interim CFO appeared first on FreightWaves. [...]

The diesel price used as the basis for most fuel surcharges is down to levels not seen since July 2023. The post Benchmark diesel price near lows last seen in July appeared first on FreightWaves. [...]

ASL Aviation is upgrading the fleet at its Australian subsidiary with a modern Boeing 737-800 cargo jet. The post ASL Aviation brings first Boeing 737-800 freighter to Australian unit appeared first on FreightWaves. [...]

An amended class action complaint from Forward Air’s shareholders has been filed in a Tennessee court. The post Forward Air shareholders file class action complaint over Omni merger appeared first on FreightWaves. [...]

Almost two months after colliding with Baltimore’s Francis Scott Key Bridge, the MV Dali was hauled away from the site Monday. The post Ship that caused Baltimore bridge collapse moved back to port appeared first on FreightWaves. [...]

The Shipper Rate Report is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The post White Paper: Q2 2024 Sh[...]

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[...]

A CDL training school that had facilities in Washington and Oregon has ceased operations and filed for bankruptcy liquidation. The post CDL truck driving school shutters operations, files for bankruptcy appeared first on FreightWaves. [...]

Well-known transportation equity research analyst Amit Mehrotra is leaving Deutsche Bank, which for now at least is ending equity coverage of transportation companies. The post Head transportation analyst Mehrotra departing Deutsche Bank ap[...]

The post FreightWaves Infographics: Crash data involving new truck, bus drivers getting worse appeared first on FreightWaves. [...]

Brock Johns, a leader in the world of transportation management systems, highlighted the need for “convergence” to increase supply chain efficiency. The post ‘Convergence’ key to efficient supply chain systems, Gartner exec says app[...]

This week in Borderlands: Nearshoring to continue boosting US-Mexico trucking in 2024; Careismatic Brands to close Dallas distribution hub, lay off 404 employees; ITS Logistics to open office in Fort Worth; and Aztema begins construction of[...]

The wide range of spot and contract rates being offered may help trigger a strong market shift later in the year. The post Historic trucking rate disparity could cripple service in late ’24 appeared first on FreightWaves. [...]

Tech nonprofit Emerge Career reduces recidivism and poverty rates among convicts by providing access to vocational training and job placement support throughout incarceration and after release. The post Second chance success with Emerge Car[...]

In this edition: Direct-to-consumer fulfillment gets a facelift, the Midwest grows in cold storage and vegan pizzas make a splash. The post Running on Ice: Perishable direct-to-consumer fulfillment gets a leg up appeared first on FreightWav[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Clarissa Rankin; Juan Beana; Nicole Slavin The post The great American Zyn shortage? – WTT appeared first on FreightWaves. [...]

Regulators pushing to make the electric truck transition go faster are getting pushback from a range of industry stakeholders. The post Opposition grows to speedy electric truck transition appeared first on FreightWaves. [...]

A new report from CNBC shows consumer spending will not dramatically rise this peak season, but a modest uptick is likely. Companies with a clear view of their businesses have an idea what peak season will look like and are preparing. The [...]

The post FreightWaves Infographics: Tesla’s Q1 revenue falls 9% amid mass layoffs in California, Texas appeared first on FreightWaves. [...]

This week: A Greek company raises $16 million to make vessel disbursement practices easier, Candor Expedite invests in cold chain technology and driver recruiters leverage AI in operations. The post FreightTech Friday: Harbor Lab modernizin[...]

Relocalize wants to eliminate middle-mile logistics and reduce emissions by replacing trucks with on-the-spot food supply and distribution microfactories. The post Relocalize aims to eliminate middle-mile logistics with microfactories appea[...]

The Justice Department’s move to loosen restrictions on pot has drawn a strong reaction from large trucking companies that fear recategorizing the drug could lead to more crashes. The post ATA red-flags DOJ’s proposed marijuana policy c[...]

The Freightos Baltic Index (FBX) is the world’s leading—and most accurate—index of market rates for 40' containers. The post FBX Report: May 16, 2024 appeared first on FreightWaves. [...]

WTT shop opens; what Cass data says about the market; AI load booking and more in the WHAT THE TRUCK?!? newsletter The post WTT Shop is open for business appeared first on FreightWaves. [...]

Recent reports from Ryder System and Knight-Swift highlight significant total cost of ownership and poor range for electric trucks. The post Trucking electrification throttled by excessive ownership costs appeared first on FreightWaves. [...]

Stubbornly persistent silos in the supply chain wreak havoc. The most glaring disconnect shows between strategic supply chain planning and execution. The post Aligning supply chain planning and logistics creates major opportunities appeare[...]

Getting a commercial learner’s permit at 17 would give disadvantaged students a faster path to truck driver jobs, Connell High School in eastern Washington told regulators. The post High school seeks truck driver exemption for students un[...]

After gaining enterprise accounts, GoodShip is looking to accelerate its growth to improve its shipper-centric procurement platform. The post GoodShip raises $8M to ramp up procurement platform features appeared first on FreightWaves. [...]

At Manhattan Associates’ Momentum conference, a Google Cloud executive gave an overview of generative AI’s explosive growth in supply chains. The post Google executive says supply chain uses of generative AI flourishing appeared first o[...]

After hinting at a brokerage and managed services integration in its latest earnings report, Uber Freight has launched a spot market update to Uber Freight Exchange to combine its carrier and shipper networks. The post Latest Uber Freight l[...]

In the wake of the Baltimore bridge collapse, NTSB Chief Jennifer Homendy wants states to start testing their bridges to prevent similar catastrophes. The post Container ship lacked backup system to avoid Baltimore bridge strike appeared fi[...]

BNSF Railway has filed an appeal for an asbestos trial verdict that ruled the railroad was liable in the deaths of two people in Montana. The post BNSF Railway appeals $8M verdict for asbestos-related deaths in Montana appeared first on Fre[...]

A congressional waiver on sunsetting Boeing’s production of 767 freighters to comply with international emissions rules will benefit FedEx and UPS. The post Congress exempts Boeing 767 freighter from 2028 production cutoff appeared first [...]

A coalition of far-flung states has filed a lawsuit to fight California’s Advanced Clean Fleets rule. The post 17 states sue to block California’s Advanced Clean Fleets rule appeared first on FreightWaves. [...]

The post FreightWaves Infographics: What Triumph invoice data reveals appeared first on FreightWaves. [...]

The $284 billion automotive logistics market needs technologies that enhance supply chain visibility, experts say. The post ‘Where’s my part?’ — OEMs challenged by global supply chain disruptions appeared first on FreightWav[...]

April data from freight payments platform Cass shows freight demand remains near cycle lows. The post April Cass data shows no improvement in freight demand appeared first on FreightWaves. [...]

Brandy D. Christian is stepping down as president and CEO of the Port of New Orleans, a role she has held since 2017. The post Port of New Orleans President and CEO Brandy Christian stepping down appeared first on FreightWaves. [...]

In this edition: International Roadcheck is here, and Mexico comes out a winner again. The post Check Call: Inspections for all appeared first on FreightWaves. [...]

Your weekly fuel report has arrived! The post Weekly Fuel Report: May 14, 2024 appeared first on FreightWaves. [...]

U.S. Customs and Border Protection officers in Texas seized nearly $500,000 worth of cocaine hidden in a semitruck hauling cotton candy. The post Border agents seize $500K of cocaine hidden in truck hauling cotton candy appeared first on Fr[...]

Less-than-truckload carrier Saia has tapped Matthew Batteh, vice president of finance, as its new chief financial officer. The post Saia hires new CFO from within appeared first on FreightWaves. [...]

The air cargo market is maintaining momentum despite entering the slow season, thanks to strong demand for e-commerce and e-cigarettes out of China and a mode shift tied to the Suez Canal cutoff. The post Airfreight rides e-commerce to surp[...]

The benchmark diesel price used for most fuel surcharges fell for the fifth straight week. The post Diesel takes another hit and may be driving down broader oil market appeared first on FreightWaves. [...]

The port at Norfolk, Virginia, has benefited more than any other port from the closing of the Port of Baltimore after the Francis Scott Key Bridge collapse, according to visibility platform GoComet. The post Visibility platform GoComet: Nor[...]

An eight-year quest by a parent of two truck-crash victims has cleared a major hurdle with legislation introduced to create a victim-advocate position in the federal government. The post House, Senate lawmakers introduce road-crash victim b[...]

Blank sailings are a major factor in maritime shipping and are increasing after ocean carriers gorged on higher Red Sea rates while they could thanks to added capacity. With capacity now cut, rates are rising again. The post Ocean carrier c[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Lance Healy; Joost de Vries; Justin Clarke The post Trump vows to abolish EV mandates; EVs at diesel prices; Kindness for Truckers – WTT appeared first on FreightWaves. [...]

A federal lawsuit alleges CSX inflated the amount of time employees were charged for taking leave under the Family Medical Leave Act, punished workers for taking the leave, and terminated or suspended over 100 employees for allegedly taking[...]

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[...]