U.S. trailer orders continued to mount in April, tightening the pressure on trailer makers to secure the components and labor needed to boost production amid the rising cost of materials.
May 17, 2018Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Redwood Logistics Buys Roars Phoenix Division
Redwood Logistics purchased the Phoenix-based freight management services division of Roar Logistics to expand its presence in the Southwest. Terms werent disclosed.
May 17, 2018Maersk Shares Plunge as Container Line Underperforms
A.P. Moller-Maersk A/S reported an unexpected loss after its container line, the worlds biggest, conceded market share and rising costs outpaced freight rates.
May 17, 2018FedEx CEO Fred Smith Sees Blockchain as Next Frontier for Logistics
Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo.
May 16, 2018Morgan Stanley Says Shipping Revolution Has Oil Headed for $90
Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, Morgan Stanley analysts said in a report.
May 16, 2018Boeing Jumbo 747s Get Extended Life as Airfreight Haulers
Interest in Boeings 747-400 freighter family already was rebounding last year, even as Delta Air Lines Inc. and United Continental Holdings Inc. hosted nostalgic farewell tours to mark the end of U.S. passenger service on the four-engine behemoth nicknamed the Queen of the Skies. With Boeings factory-fresh models sold out through 2021, cargo carriers are snapping up jumbo freighters that were built from 1993 to 2009 if they can find them.
May 16, 2018Uniform Road Laws, Reduced Congestion Could Ease Interstate Trucking, Experts Say
WASHINGTON Harmonization among states on road laws relating to capacity would vastly improve interstate trucking, according to industry experts.
May 16, 2018Union Dispute Leaves Some Freighters Stuck at Port of Toledo
A long-simmering labor dispute between a local longshoremens union and a Port of Toledo stevedore has led to three ocean freighters being waylaid at the Port of Toledo docks and a fourth boat being turned away potentially costing the terminal tens of thousands of dollars a day in lost work.
May 15, 2018Oakland Port Ban on Coal Shipments Blocked by US Judge
A federal judge struck down the city of Oakland, Calif.s ban prohibiting companies from transporting coal through an export terminal that U.S. miners see as a key link to overseas markets.
May 15, 2018NAFTA Trio Set to Miss Ryans May 17 Target Without Deal
NAFTA negotiators from the United States, Canada and Mexico are poised to miss the deadline this week cited by House Speaker Paul Ryan, the latest blown marker for reworking the 24-year-old deal.
May 15, 2018