Freight

Rarely have container shipping lines played for such high stakes as they are right now. Not only are they attempting to pass on higher IMO 2020 low sulfur fuel bills, they are also in the final stages of agreeing to Asia-Europe annual contracts for next year. Their success in negotiating both with...

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Good day, Seattle-based logistics startup  Shipium raised a $2 million seed round led by PSL Ventures, the venture arm of Seattle startup studio Pioneer Square Labs, GeekWire reported. Founded by two ex-Amazon.com, Inc. (NASDAQ: AMZN) employees, one of whom also worked at Zulily, the startup is...

The energy sector must change to meet a growing population's evolving needs. However, as overall energy demand continues to increase, the concurrent growing use of electric vehicles (EVs) is likely to further strain existing power grids. Smart electrical grids are seen as one component of meeting...

At the recently concluded FreightWaves LIVE event in Chicago, leading supply chain solutions provider J.B. Hunt Transport Services (NASDAQ: JBHT) bagged the fourth place in the FreightTech 25 list – a survey that recognizes companies pushing boundaries within the logistics industry through the use...

On this episode of Great Quarter, Guys, Seth Holm, Kevin Hill and Andrew Cox break down leading flatbed operator Daseke Inc's (NASDAQ: DSKE) business model and talk freight broker compensation, trucking supply and demand and TeslaI Inc's (NASDAQ: TSLA) new Cybertruck. Listen to more FreightWaves...

The underlying operating model of airfreight is broken and needs fixing if customers are to receive the premium service they pay for. That was the stark message heard by air cargo stakeholders attending an executive summit hosted by TIACA (The International Air Cargo Association) in Budapest at the...

A coalition of companies has come together in a creative new way to push more Canadian crude out into the market via rail, even as a long-term threat to Canadian crude-by-rail shipments is starting to see the first steps toward reality. The project announced this week that will supply more...

In a call this week, executives of freight forwarding giant DHL spoke on its observations of globalization based on DHL's Global Connectedness Index (GCI) that monitors the flows of trade, capital, information and people across the world. John Pearson, the CEO of DHL Express, initiated the...

Specialist ship operator Jinhui Shipping of Hong Kong and Oslo has reported third quarter and nine-month losses for the periods July-September 2019 and January-September 2019. The company generates its revenues principally from hiring and chartering out dry bulk ships. Third Quarter 2019 Revenues...

Two former executives of Celadon Group Inc. (OTCMKTS: CGIP) have been indicted in an alleged complex securities and accounting fraud scheme that cost the truckload and logistics company's shareholders more than $60 million, federal prosecutors said Dec. 5. Former Chief Operating Officer William...

The Canada Infrastructure Bank (CIB) said it will provide up to $300 million to finance a new container terminal the Montreal Port Authority plans to open downriver in Contrecoeur.  Presentation of the Port of Montreal about the Contrecoeur Terminal. (Image: Port of Montreal) CIB is a crown...

Tli Cho Landtran Transport, a trucking company once featured on the TV series "Ice Road Truckers," is shutting down along with several affiliates that hauled freight in some of Canada's most treacherous freight lanes but faced a staggering load of debt and mounting losses in the millions.  Tli Cho...

With just weeks remaining before the IMO 2020 low-sulfur fuel requirement goes into effect, domestic- and foreign-based shipowners trading in the United States are concerned that lax enforcement could leave them at a disadvantage with competitors around the world. On Jan. 1, the cap on the amount...

Officials at East Midlands Airport (EMA), which is second only to London Heathrow in terms of annual cargo volume among U.K. airports, announced that  preliminary talks are ongoing with counterparts at Chongqing Jiangbei International Airport in southwest China and Sichuan Province officials aimed...