Freight: Page 66
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US export losses from trade war pegged at $40B
Empty shipping containers in Asian ports are but a symptom of misaligned supply and demand caused by the ongoing trade skirmishes — and a symbol of billions in lost commerce.
By Rich Weissman • March 4, 2019 -
Ocean carriers need 'significantly higher' surcharges to offset IMO 2020 costs: study
AlixPartners estimated carriers operating Asia-Europe routes would need to increase surcharges by 40% to maintain their current financial standing. Asia-Americas routes would need to increase by 33%.
By Shefali Kapadia • March 1, 2019 -
New Colorado law lowers age for interstate trucking
Colorado Gov. Jared Polis signed into law a piece of legislation allowing adults as young as 18 to operate commercial vehicles for interstate commerce. First, it has to be legal at the federal level.
By Matt Leonard • Feb. 26, 2019 -
Maersk, CMA CGM, Hapag-Lloyd digital leaders among ocean carriers: survey
"The first horses are out of the gate," said Freightos CEO Zvi Schreiber, but much work remains to move away from manual shipment and booking systems.
By Gary Wollenhaupt • Feb. 25, 2019 -
Maersk expects trade uncertainty, fuel prices to wreak havoc in 2019
The carrier is in better shape than it was this time last year, but it's the hazy future that makes 2018's gains cold comfort going forward.
By Emma Cosgrove • Feb. 22, 2019 -
Truckers plan slow roll to protest ELDs, HOS rules
The protest will take place in Indianapolis, and the organizers say the timing was chosen to not disrupt traffic.
By Matt Leonard • Feb. 21, 2019 -
Cargo theft on the decline, California tops list
Full truckloads accounted for 74% of cargo thefts in 2018, and electronics were the most common item stolen, making up 20% of all thefts.
By Matt Leonard • Feb. 20, 2019 -
Maersk strikes deal with refiner to secure low-sulfur fuel source
An adequate supply of low-sulfur fuel is essential to keeping the cost of the IMO 2020 transition in check, as 60% of a ship's operating cost is fuel.
By Emma Cosgrove • Feb. 20, 2019 -
Amazon pledges 50% net-zero carbon shipments by 2030
Steps toward this new target, deemed "Shipment Zero," along with information regarding "Amazon’s company-wide carbon footprint" will be released later in the year.
By Emma Cosgrove • Feb. 19, 2019 -
Walmart stands up container fleet, uses drivers for drayage
The retailer has been pleasantly surprised by the extra efficiency gained by taking more control of intermodal loads.
By Emma Cosgrove • Feb. 15, 2019 -
Uber Freight confirms expansion to Europe
The company plans to launch the app in the Netherlands in the coming weeks, saying the European freight market is "one of the largest and most sophisticated in the world."
By Emma Cosgrove • Updated March 21, 2019 -
BNSF boosts spending with eyes on intermodal
Work will focus on BNSF's Northern and Southern Transcon routes, connecting Southern California with Chicago and the Pacific Northwest to Upper Midwest respectively — key routes for intermodal traffic.
By Emma Cosgrove • Feb. 15, 2019 -
Tight labor market hits US Foods
Both U.S. Foods and Sysco hit a similar note on increased wage costs this month: this is a new normal and they have to figure out how to manage it.
By Matt Leonard • Feb. 14, 2019 -
NRF contradicts government figures, spotlighting 2.9% holiday sales gain
The U.S. Census Bureau reported that November-to-December sales fell 1.2%, the lowest since 2009.
By Corinne Ruff • Feb. 14, 2019 -
Tesla is rushing Model 3's to China ahead of tariff deadline
The Model 3, the company's cheapest car, is not yet available in China and deliveries on preorders are slated for this spring.
By Emma Cosgrove • Feb. 14, 2019 -
Union Pacific to cut 250 employees, citing PSR
Another 450 employees have been furloughed in an effort to cut costs as the company reduces locomotives and leans out.
By Matt Leonard • Feb. 14, 2019 -
Trucking bottlenecks cost millions and they're getting worse
Since last year, truck speeds dropped by an average of about 9% in the top 10 bottleneck locations.
By Barry Hochfelder • Feb. 13, 2019 -
California sues FMCSA after agency overruled HOS rules
The state's suit alleges that the FMCSA has overstepped its authority in interfering with the meal and rest break standards, claiming that these are not laws or regulations on commercial motor vehicle safety.
By Emma Cosgrove • Feb. 13, 2019 -
CMA CGM completes acquisition of CEVA Logistics
CMA CGM is now a 100,000-employee company with more than $30 billion in revenue, according to the ocean carrier's CEO Rodolphe Saadé.
By Matt Leonard • Updated April 10, 2019 -
Maersk acquires customs broker Vandegrift to broaden services
The Danish ocean carrier, along with several of its competitors, has been working in recent years to offer more inclusive supply chain services to bolster margins and brand loyalty.
By Emma Cosgrove • Feb. 13, 2019 -
UPS Air Cargo Teamsters agree to new contract
The new contract includes an immediate 17.7% raise and a 3% annual wage increases over the life of the agreement.
By Matt Leonard • Feb. 12, 2019 -
Norfolk Southern lays out dramatic transition to PSR
It plans to reach full PSR implementation by 2021 and acknowledges some customers could be shed along the way.
By Emma Cosgrove • Feb. 12, 2019 -
UPS powers up for Valentine's Day flowers
The logistics provider added 50 extra flights to handle flower shipments, to ensure procrastinating Romeos get their roses on time.
By Gary Wollenhaupt • Feb. 11, 2019 -
Freight market expected to reach $565B by 2022
Trucking is expected to generate the largest revenue of all the freight modes, according to a forecast by Freedonia Group, with expected revenue of $383 billion by 2022
By Matt Leonard • Feb. 11, 2019 -
Ocean freight rates increased ahead of Lunar New Year — but not by much
This January's month-to-month change was lower than previous years, signaling that rates are being kept up by a rush to beat tariffs.
By Shefali Kapadia • Feb. 11, 2019
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