Industry News Feed

Courtesy of Eye for Transport

Reuters was first to report that India’s western state of Maharashtra will inspect outlets of global fast-food brands to check […] The post Indian state to inspect outlets of global fast-food chains after McDonald’s cheese[...]

Reuters was first to report on chipmaker Nvidia’s first-quarter revenue forecast that beat expectations and sent the AI chip bellwether’s […] The post Nvidia stock surges as revenue forecast tops estimates, AI demand continues app[...]

Reuters exclusively reported that Nest, a 36 billion pound ($45 billion) UK workplace pension fund, expects to ramp up private assets […] The post Top UK pension fund Nest expects to lift private assets to 30% of holdings appeared fi[...]

Reuters exclusively reported that Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator […] The post Occidental explores $18 bln-plus sale of Western Midstream, sources sa[...]

Reuters exclusively reported that a U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, […] The post Turkish-Russian trade hit by fresh US sanctions threat  appeared first [...]

Reuters exclusively reported that Star Macquarie banker Nicholas O’Kane, whose resignation from the firm was announced this week less than […] The post Australia’s highest paid banker in talks to join trader Mercuria appeared [...]

Reuters exclusively reported that the head of Europe’s Airbus has told staff that recent unexpected charges in its Space business […] The post Airbus CEO tells staff Space losses ‘not acceptable’ appeared first on Re[...]

Reuters exclusively reported that U.S. regulators asked Citigroup for urgent changes to the way it measures default risk of its […] The post Citi hit by new Fed rebuke, setbacks on consent orders  appeared first on Reuters News Agenc[...]

Reuters exclusively reported that China’s Xiaomi has told the Indian government that its heavy scrutiny of Chinese companies has made […] The post Xiaomi says India’s scrutiny of Chinese firms unnerves suppliers   appear[...]

Reuters exclusively reported that U.S private equity firm Apollo Global Management Inc (APO.N) is in talks to buy a minority […] The post Apollo in talks for AlShaya Starbucks franchise, sources say  appeared first on Reuters News Ag[...]

Freight Forwarding & Logistics headlines from Courtesy of Freightwaves

A Norfolk Southern train derailed in Pennsylvania on Saturday amid an already heated battle over railroad safety issues. Here’s the latest. The post Amid debate over rail safety concerns, another Norfolk Southern train derails appeared f[...]

This week in Borderlands: Texas-based customs broker expands cross-border footprint; Pennsylvania-based mushroom grower expands production into Mexico; Impilo expands distribution network with Phoenix warehouse; and TT Electronics opens fac[...]

Pricing trends and rejection rates are signaling a market shift is approaching. What should market participants do? The post Is the rate rollercoaster about to turn appeared first on FreightWaves. [...]

Kuehne+Nagel is the largest logistics company in the world, but it wasn’t immune to downward market forces in 2023. The post Kuehne+Nagel operating profit cut 50% in 2023 appeared first on FreightWaves. [...]

A new audit of trucking contractors for the U.S. Postal Service recommends reforms for verifying safe drivers and triggers a call for new regulations. The post Lax oversight of trucking contractors plagues Postal Service appeared first on F[...]

Houthis, the Lunar New Year, drought in the Panama Canal, an impending potential strike and the upcoming election mean rough seas in 2024. Here’s how shippers can protect themselves. The post Red sea disruptions among critical supply cha[...]

In this edition: Medtech expands on the East Coast, a new chemical facility in Arizona and Barbie comes to the freezer aisle. The post Running on Ice: Barbie comes to the freezer aisle appeared first on FreightWaves. [...]

Even as carriers’ pricing power deteriorated, freight demand was consistently robust throughout February. The post Beware the false spring appeared first on FreightWaves. [...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Zvonimir Androic; Colin Mansfield; Pawan Joshi; 32 Truckers a Day The post Logistics of pickleball at sea; $4M Kardashian caper; J.B. Hunt’s new CEO – WTT appeared first on Frei[...]

BNSF Railway reportedly furloughed hundreds of mechanical department workers at train yards in 4 states. The post Mass furloughs reported at BNSF Railway operations in 4 states appeared first on FreightWaves. [...]

The Sisters of the Road photo collection highlights female truckers’ struggles and improvements needed for industry equality. The post Women truckers photo collection heads to MATS, powered by Uber Freight 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: March 01, 2024 appeared first on FreightWaves. [...]

The March 2024 “State of the Industry Report” — presented in affiliation with Ryder — sharesan in-depth overview across the trucking, maritime and intermodal markets, as well as what toexpect […] The post White Paper: State of[...]

The Teamsters and Anheuser-Busch have reached a new five-year contract covering 5,000 workers across operations in the U.S.  The post Teamsters, Anheuser-Busch reach new 5-year contract appeared first on FreightWaves. [...]

Natural gas, battery and fuel cell electric vehicles all vie to displace diesel. Which will win? Maybe all of them. The post Diesel distancing propels alternative fuel options appeared first on FreightWaves. [...]

The board of UK logistics firm Wincanton has unanimously recommended GXO’s $965 million buyout offer. The post Wincanton board approves GXO’s competing buyout proposal appeared first on FreightWaves. [...]

SONAR transportation data is upstream to other data sources. The post Daily Infographic: SONAR Finserv Infographic appeared first on FreightWaves. [...]

The CEO of the Port of Long Beach boss cited restocking ahead of the Lunar New Year as the driver for import growth in January. The post Restocking boosts January US port activity appeared first on FreightWaves. [...]

Michael Lombard, president of Lombard Trucking, joined Jeremy Reymer on a recent episode of Taking the Hire Road. The post A modern-day CDL Renaissance man – Taking the Hire Road appeared first on FreightWaves. [...]

In this issue of the WHAT THE TRUCK?!? newsletter: massive storm heads for I80; WTT heads to SXM; container castles and more The post Up to 10 feet of snow headed for Donner Pass appeared first on FreightWaves. [...]

Motor carriers’ insurance rates show little sign of slowing down. The post Why do insurance rates vary by state? appeared first on FreightWaves. [...]

An owner-operator claims ELDs, required by regulators to measure hours of service, are too expensive. The post FMCSA considering ELD exemption from ‘inactive’ trucker appeared first on FreightWaves. [...]

Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters. The post Amazon’s return of leased cargo jets hurts ATSG profit [...]

Ports in Houston and New Orleans recorded year-over-year increases in cargo volumes during January, while Corpus Christi, Texas, saw a slight decline. The post Texas, Louisiana ports’ January cargo volumes a mixed bag appeared first on F[...]

Knight-Swift President and CEO David Jackson stepped down Tuesday after a nearly 24-year tenure at the company that saw many mergers and acquisitions, including an expansion into the LTL market. The post Knight-Swift President and CEO Davi[...]

FreightWaves SONAR announces a new iteration to its Lane Scores feature. The post SONAR update helps users identify areas of risk and opportunity appeared first on FreightWaves. [...]

Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics. The post Forward Air’s Q4 call offers no financial targets after Omni merger a[...]

While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site. The post CNBC supply chain reporter, daughter pen book on family histories of slaves a[...]

J.B. Hunt President Shelley Simpson becomes CEO on July 1, succeeding John H. Roberts III. The post Shelley Simpson named CEO at J.B. Hunt in long-expected move appeared first on FreightWaves. [...]

GXO’s offer to buy U.K. logistics firm Wincanton bests Ceva Logistics’ bid by 26%. The post GXO offers $965 million for UK logistics firm Wincanton appeared first on FreightWaves. [...]

When software providers do not cater to private fleets, both the provider and the carrier suffer. The post Tenstreet offers modern tech solutions tailored to private fleets appeared first on FreightWaves. [...]

The post Daily Infographic: FMC tightens rules on charging container late fees appeared first on FreightWaves. [...]

Shippers say a new Federal Maritime Commission rule meant to make billing more transparent will instead cause them more headaches. The post Are drayage truckers getting off easy under FMC’s new billing rule? appeared first on FreightWaves[...]

Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger. The post Investors await Forward Air’s Q4 call[...]

Massive wildfires in Texas and Oklahoma have disrupted travel and prompted mass evacuations. The post Massive wildfires disrupting travel across Texas, Oklahoma appeared first on FreightWaves. [...]

Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years. The post Freightos loses $19M, eyes profit breakthrough in late 2026 appeared first on FreightWave[...]

Seattle-based OpenTug says it serviced over 3 million tons of marine cargo across 25,000 miles of U.S. marine highways in 2023. The post OpenTug raises $3.1M to grow marine operator network appeared first on FreightWaves. [...]

A case in Illinois involving BNSF Railway and a federal law on biometric information privacy has its settlement figure: $75 million. The post Settlement of case involving BNSF’s use of trucker biometrics set at $75M  appeared first on F[...]

The benefits of adding solar panels far outweigh the time and money associated with acquiring and installing the panels. The post Transportation solar panels solve parasitic drains and extend battery life appeared first on FreightWaves. [...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Sean Mitchell; Alex Back; Mike Wilson; Alan Adler The post The largest autonomous inventory management platform in the world – WTT appeared first on FreightWaves. [...]

Texas’ last sugar mill announced it will close permanently amid water shortages, impacting 435 workers, including 101 company truck drivers. The post Closing of Texas’ last sugar mill will affect 101 company drivers appeared first on [...]

A new DHL facility in Norfolk, Virginia, will serve eastern Virginia and coastal North Carolina. The post DHL moves Norfolk operations to larger facility appeared first on FreightWaves. [...]

Spot rates are back above breakeven and Zim’s costs are falling. The post Is Wall Street warming back up to containership line Zim? appeared first on FreightWaves. [...]

The Texas Supreme Court has set a March 6 deadline for any parties that want to weigh in on the $90 million verdict against Werner Enterprises. The post Deadline nears for filings as Werner seeks review of nuclear verdict appeared first on [...]

The post Daily Infographic: Feds charge Illinois trucking company owner in alleged CDL fraud appeared first on FreightWaves. [...]

Multiple looming factors in maritime could impact the upcoming contract season, boosting capacity at the ports of Los Angeles and Long Beach. The post 25% more containers out of LA/Long Beach ports possible: ITS Logistics appeared first o[...]

Rising insurance costs, which were flagged by most carriers on fourth-quarter calls, present a headwind to earnings, Morgan Stanley said Tuesday. The post Morgan Stanley cuts earnings expectations amid surging insurance costs appeared first[...]

Fastfrate Group has renewed a long-term agreement with CPKC to provide intermodal and drayage services in the U.S., Canada and Mexico. The post Fastfrate Group renews CPKC deal connecting US, Canada and Mexico appeared first on FreightWaves[...]

In this issue of the WHAT THE TRUCK?!? newsletter, Family Dollar’s mouse-infested warehouse; Walmart’s moves; layoffs continue. The post Family Dollar’s $41M warehouse mouse infestation appeared first on FreightWaves. [...]

Douglass is dedicated to being the best version of himself he can be, and that same drive fuels his desire to create a work environment that helps drivers excel. The post Discipline, reward, retention: The grind with Jason Douglass – Taki[...]