A top-10 brokerage firm enters the digital freight fray

GlobalTranz's launch of a digital freight matching platform is the culmination of years of data collection and fits with longstanding service goals, said the brokerage's CTO.

By Emma Cosgrove • July 16, 2019

Trucking data shows signs of recession

ACT research showed two quarters of negative sector growth, DAT reported a significant decline in year-over-year spot and load market rates and the Cass Freight Index for May 2019 said declining freight shipment levels point to a possible "economic contraction" in the coming year.

By Morgan Forde • July 15, 2019

The Panama Canal is thirsty. That's a problem for ocean carriers.

With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargo ships can carry.

By Matt Leonard • July 15, 2019

CMA CGM, Hapag-Lloyd, Cosco formally sign on to GSBN blockchain platform

With two of the top 10 carriers signed on to both the Global Shipping Business Network and TradeLens platforms, a "winner" may not emerge. 

By Shefali Kapadia • July 15, 2019

Barry moves north as freight services resume

As the Gulf Coast moves into damage assessment mode and freight movement resumes, Louisiana Governor John Bel Edwards told reporters the storm "could have played out very differently."

By Emma Cosgrove • July 15, 2019

Port of LA Harbor Commission stands by initial vote to approve Maersk terminal automation

The vote came after the Los Angeles City Council vetoed the board's previous decision to allow APM Terminals to use automated cargo handlers.

By Morgan Forde • July 12, 2019

Port of New Orleans closes to traffic as Tropical Storm Barry moves in

The port is closed to incoming traffic and cargo-loading at most terminals has ceased. The storm is expected to make landfall early Saturday morning.

By Emma Cosgrove • Updated July 12, 2019

Report: 'Insider threat' emerges as new risk in cargo theft

88% of insider acts involved permanent staff, with the primary motivation being financial gain, according to BSI and TT Club.

By Shefali Kapadia • July 11, 2019

UP intermodal customers subject to new fees for no-shows

The new fees demonstrate the trade-off for shippers that comes with more exact and efficient rail service — trucks need to show up when they say they will.

By Emma Cosgrove • July 10, 2019

With rail volumes as a guide, economic outlook sours

Railroad volumes have been shakier in 2019 than 2018 after a tumultuous winter plagued by flooding in the Midwest and trade uncertainty as tariff threats come and go.

By Emma Cosgrove • July 8, 2019

Hapag-Lloyd to add 13K new reefers to its fleet

The new order brings the carrier's reefer capacity to 210,000 TEUs at a time when consumer demand has driven the need for more cold transport. 

By Morgan Forde • July 8, 2019

Magnitude 7.1 earthquake closes roads in Southern California

Roads around the epicenter in Ridgecrest, California, reopened Saturday afternoon with temporary repairs, but more aftershocks are expected this week.

By Emma Cosgrove • July 8, 2019

Trucking demand, spot rates fall year-over-year in June

The sinking demand could be an important indicator of upcoming economic trends.

By Matt Leonard • July 8, 2019

Distributor Performance Food Group to acquire Reinhart Foodservice for $2B

PFG plans to keep Reinhart's 26 distribution centers open, expanding capacity and shortening trucking routes. 

By Morgan Forde • July 2, 2019

$16.5M settlement in XPO misclassification suit gets preliminary approval

A federal judge approved the agreement last week. Payout amounts for 847 plaintiffs will be based on their time working with XPO.

By Matt Leonard • July 2, 2019

Hapag-Lloyd, ONE sign on to Maersk blockchain platform TradeLens

The platform now claims 60% of global shipping volume, dismissing concerns that arose when nine major ocean carriers and terminal operators agreed to develop a rival blockchain solution.

By Emma Cosgrove • July 2, 2019

Report: US could lose over 1.5M jobs to automation by 2030

A report from Oxford Economics estimates robotics and automation will hit manufacturing, logistics, maritime shipping and port operations the hardest over the next decade.

By Morgan Forde • July 1, 2019

Port of LA sued after canceling container hub agreement

The contract was reportedly aborted after the Harbor Performance Enhancement Center was unable to gain support from the local union.

By Matt Leonard • July 1, 2019

What's next for logistics M&A?

DSV's friendly takeover of Panalpina and CMA CGM's offer for CEVA left many analysts wondering if this is the beginning of another wave of consolidation in logistics and transportation. 

By Shefali Kapadia • July 1, 2019

HMM to join THE Alliance

The addition of HMM increases THE Alliance's total TEUs by roughly 11% but does not significantly change the ranking of the major ocean shipping alliances.

By Emma Cosgrove • July 1, 2019

LA City Council vetoes APM Terminals' automation permit

The permit will now go back to the Port of Los Angeles Harbor Commission which will look more closely at the economic impact.

By Matt Leonard • July 1, 2019

Moody's: With port automation comes political risk

"Managing the employment impact resulting from automation, without concessions that compromise the economic potential of the technology, remains a key challenge," the report said.

By Matt Leonard • June 27, 2019

NEXT Trucking expands drayage program at the Port of Long Beach

The app-based freight-matching company's Relay program means all drayage trucks complete dual transactions, dropping off one container and picking up another in a single trip to the port.

By Morgan Forde • June 27, 2019

Maersk Spot digital booking tool takes aim at cargo rollovers

The new solution seeks to break the "vicious cycle of overbookings" and simplifies what has been a lengthy paper-based process, the company said.

By Matt Leonard • June 25, 2019

FedEx disputes WSJ report of air freight rate cuts

The Wall Street Journal reported FedEx is cutting prices, offering two-day shipping for the same price as FedEx Ground to capitalize on future e-commerce parcel growth.

By Morgan Forde • Updated June 25, 2019