Industry News Feed

Courtesy of Eye for Transport

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 [...]

Reuters exclusively reported that India’s markets regulator is considering a series of tweaks to its derivative trading rules as it […] The post India regulator plans tweaks to address derivative trading risks appeared first on [...]

Reuters exclusively reported that Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion […] The post Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay pa[...]

Reuters exclusively reported that Goldman Sachs aims to double its lending over the next five years to ultra-wealthy private bank […] The post Goldman Sachs aims to double lending to wealthy private bank clients appeared first on Reut[...]

Reuters exclusively reported that Saudi Arabia’s Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a […] The post Saudi wealth fund holding talks to create boxing league  appeared first [...]

Freight Forwarding & Logistics headlines from Courtesy of Freightwaves

A federal lawsuit filed Tuesday by nonprofit Environment California accuses the Port of Los Angeles of violating the Clean Water Act. The post Federal lawsuit alleges Port of LA polluting San Pedro Bay appeared first on FreightWaves. [...]

Old Dominion Freight Line beat second-quarter expectations Wednesday as it continues to ready its network for an improving freight economy where it plans to win market share. The post Old Dominion notes green shoots, ready for market inflec[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Ryan Schreiber; Brenden Magill; Tim Buski; Aarron Harshbarger; Tyler Bourns The post Hard truths in freight; AI driver trainers; Lithium Ion APUs | WHAT THE TRUCK?!? appeared first on F[...]

The Embraer E190 cargo jet is getting closer to commercial service after Brazil’s aviation authority signed off on the passenger-to-freighter conversion plan. The post Brazil approves Embraer structural modification for E190 freighter app[...]

The post FreightWaves Infographics: $8.75 million awarded in Small Shipyard Grants for 2024 appeared first on FreightWaves. [...]

California’s latest environmental logistics rule focuses on forklifts, but clean technology there has been growing already. The post California’s forklifts were going zero-emission even before latest mandate appeared first on FreightWav[...]

Legislators used a House subcommittee hearing on railroad safety Tuesday to highlight a new rail safety bill. But committee members and witnesses including regulators, union representatives, and the House member representing East Palestine[...]

Tesla has paused plans for a factory in Mexico amid a 43% drop in second-quarter profit. The post Tesla Q2 profits plunge over 40% due to growing EV competition appeared first on FreightWaves. [...]

The U.S. Securities and Exchange Commission has charged two more Florida executives with participating in a truck investment venture that allegedly bilked investors out of $112 million. The post SEC charges 2 executives in $112M trucking Po[...]

xCanadian National today lowered its financial outlook for the year as volume growth slowed during the second quarter due to slumping lumber traffic and the impact of shippers diverting international intermodal containers to U.S. ports in a[...]

Truckload carrier Heartland Express reported another quarterly net loss on Tuesday and said improvement in the freight market will not likely occur until 2025. The post Heartland Express says recovery likely in 2025 appeared first on Freigh[...]

Welcome to the WHAT THE TRUCK?!? Newsletter presented by Talon Logistics. In this issue, FMCSA says its hands are tied, two bankruptcies in Miami, and more. Talon Logistics allows forward-thinking […] The post Double brokering and ban[...]

UPS is taking longer than expected to restore profit levels amid slower parcel growth and increased operating costs. The post UPS domestic revenue slips as customers trade down to economy service appeared first on FreightWaves. [...]

China-based Windrose Technology plans to open a factory in Georgia where the company will produce an electric semi-truck. The post Chinese Class 8 EV truck maker plans to build factory in Georgia appeared first on FreightWaves. [...]

Fleet fintech provider Coast lists a number of initiatives under its product road map. The post Coast closes Series B, gets funds from Synchrony for fintech platform appeared first on FreightWaves. [...]

In this edition: Breaking down the most recent Armstrong & Associates study and the FMCSA hits a snag. The post Check Call: Freight market shows promise of strong finish to 2024 appeared first on FreightWaves. [...]

Regulators approved Convoy Technologies’ rearview exemption while contemplating a rule change allowing cameras to replace mirrors. The post Convoy Technologies granted rear-vision camera exemption for trucks appeared first on FreightWaves[...]

Your weekly fuel report has arrived! The post Weekly Fuel Report: July 23, 2024 appeared first on FreightWaves. [...]

As some factions of the freight industry are still experiencing fallout from Friday’s CrowdStrike disruption, experts are reminded that there is room for growth in securing supply chains. The post CrowdStrike disruption far from over app[...]

Two Miami-based trucking companies, A1 Transport Network and AB Brothers USA, filed for Chapter 11 bankruptcy protection Saturday. The post 2 Miami trucking companies file for bankruptcy protection appeared first on FreightWaves. [...]

The benchmark diesel price used for most fuel surcharges is down for the second week in a row. The post Benchmark retail diesel price sees another downturn appeared first on FreightWaves. [...]

National Airlines plans to order four 777 freighters, underscoring why Boeing remains upbeat about the air cargo market over the next 20 years. The post Boeing bullish on freighter demand as National Airlines orders 777s appeared first on F[...]

UPS announced on Monday it has entered an agreement to acquire Mexican express delivery company Estafeta. The post UPS announces deal to acquire Mexican delivery company Estafeta appeared first on FreightWaves. [...]

Federal regulators have finalized a rule making it harder for ocean carriers to refuse to provide vessel space for customers. The post FMC rejects claims it is using new container rule to regulate prices appeared first on FreightWaves. [...]

Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals. The post With 2 private placements, Jacobs’ QXO has $5 billion to spend appeared first on FreightWaves. [...]

Conversations about turnover and retention often hinge heavily on pay, but that is only part of the story. The post Driver retention starts with commitment to engagement appeared first on FreightWaves. [...]

The nation’s trucking regulator has told Congress it lacks the ability to deal effectively with illegal brokers. The post FMCSA says it has too little data to assess double-brokering fraud appeared first on FreightWaves. [...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Tanner DeHart; Josh Gonzalez; Laurie Stross The post Pain and gain in the freight market; Biden drops out; generative AI RFPs | WHAT THE TRUCK?!? appeared first on FreightWaves. [...]

Less-than-truckload carrier Saia announced two new terminal openings on Monday and said it will now open 18 to 21 terminals this year versus a prior expectation of 16. The post Saia opens 2 new terminals, eyes 18 to 21 sites in ’24 appear[...]

While supply chains have adopted new technologies to optimize efficiency, we are seeing how impactful potential risks can be. The post Technology: Risk or savior? appeared first on FreightWaves. [...]

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[...]

Alaska-based Lynden Air Cargo received FAA approval to modify a civilian version of the Hercules C-130 with an aerial delivery system so it can support more humanitarian missions. The post Lynden Air Cargo pursues exemption to airdrop palle[...]

The post FreightWaves Infographics: US imposes tariffs on Chinese steel shipped through Mexico appeared first on FreightWaves. [...]

The freight market is appearing to stabilize at higher levels after the Fourth of July, setting up for a better second half of 2024. The post Shaking off the summer doldrums appeared first on FreightWaves. [...]

This week in Borderlands: Bridge49 alliance wants nearshoring to go high-tech; Ocean Network Express unveils new Asia-Mexico service; new tractor-trailer parking facility opens in Phoenix; and rail facility along Houston Ship Channel opens [...]

Kelly Williams of Trimble weighed in on where technology has helped or fallen short for people in the trucking sector. The post Trimble’s Williams sees technology gains in trucking but shortfalls too appeared first on FreightWaves. [...]

In this edition: Port Houston gets the cold treatment, Lineage strikes it big, and decreasing food waste in the supply chain. The post Running on Ice: Port Houston gets an upgrade appeared first on FreightWaves. [...]

CloudStrike and Microsoft have released troubleshooting solutions after a global tech outage disrupted business across several industries and grounded thousands of flights Friday morning. The post CloudStrike, Microsoft give updates, troubl[...]

Now on demand on WHAT THE TRUCK?!? Dooner is joined by Javier Vera; Aura Benchetrat; Olivia Hu; Zan Andreoni; Josue Ramos; Eric Kulisch The post Microsoft and CrowdStrike outage grounds flights, trucking, global trade | WHAT THE TRUCK?!? ap[...]

Passenger and cargo airlines are coping with a computer crash, which has disrupted many airfreight shipments. The post Global IT outage slows air cargo shipments appeared first on FreightWaves. [...]

A massive technology outage Friday morning caused widespread disruptions across industries around the globe, but it’s mostly business as usual at America’s ports. The post Business as usual at many of nation’s ports despite global tec[...]

Marten’s second-quarter earnings deteriorated, but it said it hasn’t cut contract rates since August. The post Marten still holding line on rate cuts even as Q2 financials deteriorate appeared first on FreightWaves. [...]

James Taylor will take his second run at leading a commercial electric truck company as the new CEO of Bollinger Motors. The post After ELMS bankruptcy, James Taylor resurfaces as CEO of Bollinger Motors appeared first on FreightWaves. [...]

U.S. and Canadian railroads appear to be relatively unaffected by the global tech outage that grounded flights and disrupted businesses today, although Union Pacific and Canadian Pacific Kansas City were experiencing some computer issues. T[...]

Fastmore Logistics highlights its proven track record of picking the right carrier and using technology, people and processes to deliver service and security. The post Selecting a provider you can trust  appeared first on FreightWaves. [...]

The post FreightWaves Infographics: FMCSA orders California trucking company to shut down after deadly crash appeared first on FreightWaves. [...]

NullShip Shipping Solutions claims to sell U.S. Postal Service and UPS labels at a steep discount but sold clients counterfeit postal labels, costing one person thousands of dollars in lost goods. The post NullShip selling counterfeit posta[...]

This week: Alvys and Renaissant both close Series A’s, truck parking solutions unite and Leonard’s Express looks to optimize operations. The post FreightTech Friday: Alvys raises $20.5M to accelerate tech development appeared first on F[...]

FreightWaves’ State of Freight webinar suggests we’ll see more trucking companies leave the market in 2024, creating more equilibrium between shippers and carriers. The post State of Freight for July: ‘Bullish’ market coming for fre[...]

Tyler Harden give insights on how to keep up with maintenance in a way that is affordable and keeps roadways safe during this year's Enterprise Fleet Summit. The post Regular truck maintenance can save time and money for fleets appeared fi[...]