Hong Kong Penalizes Tianhe Executive in Long-Running IPO Scandal
Hong Kong Penalizes Tianhe Executive in Long-Running IPO Scandal Authorities sanctioned Wei Xuan over the 2014 listing of the Chinese chemicals company, closing a chapter in a saga that had already seen big U.S. and European banks punished. Źródło 26…
Where Are Banks Finding Borrowers? On the Car Lot
Where Are Banks Finding Borrowers? On the Car Lot Surging demand for auto loans is boosting banks during an otherwise lackluster time for their lending businesses. Źródło 26 January 2022, 11:33
IAG Cargo adopts IATA DG AutoCheck system
IAG Cargo adopts IATA DG AutoCheck system PRESS RELEASE IAG Cargo digitalises its dangerous goods acceptance checks with the International Air Transport Association’s (IATA) Dangerous Goods AutoCheck (DG AutoCheck) DG AutoCheck facilitates the verification of the packages’ marks and labels…
Stock Futures Rise Ahead of Fed Rates Announcement
Stock Futures Rise Ahead of Fed Rates Announcement U.S. stock futures gained ahead of the Federal Reserve’s policy announcement that is expected to provide clarity on coming interest-rate rises—the prospect of which spooked markets this week. Źródło 26 January 2022,…
Global markets on tenterhooks as Fed meets to tame inflation
Global markets on tenterhooks as Fed meets to tame inflation Investors fear there may be still more to come. Some on Wall Street worry that on Wednesday, the Fed may signal a forthcoming half-point increase in its key rate. Źródło…
Decision-Day Guide: Fed to signal March interest-rate liftoff
Decision-Day Guide: Fed to signal March interest-rate liftoff The FOMC will discuss how and when to shrink its balance sheet Źródło 26 January 2022, 08:47
This Jhunjhunwala bet may log over 100% jump in Q3 profit tomorrow
This Jhunjhunwala bet may log over 100% jump in Q3 profit tomorrow Jhunjhunwala held 2,90,97,400 shares or a 1.60 per cent stake in Canara Bank as of December 31, valued at roughly Rs 650 crore. Źródło 26 January 2022, 07:43
Prologis Park Prague D1 Ostredek keeps growing with new land acquisition
Prologis Park Prague D1 Ostredek keeps growing with new land acquisition The Prologis park springing up at Ostredek in the Czech Republic represents everything we love about new developments. Watching the first building go up at the site, it’s impossible…
Foreigners cash out of key Asian emerging markets ahead of Fed
Foreigners cash out of key Asian emerging markets ahead of Fed Overseas funds have sold a net $3.1 billion worth of shares in Taiwan, South Korea and India so far this week, according to the latest available data compiled by…
A two-year rally, and still only 50 of top 100 cos beat the Nifty
A two-year rally, and still only 50 of top 100 cos beat the Nifty Stocks such as HDFC Bank, HUL, HDFC, Bharti Airtel, Kotak Bank, Maruti, ONGC, Nestle, among others, have underperformed the Nifty in the past two years. ITC,…
Airline group says global cargo volume grew 6.9% in 2021
Airline group says global cargo volume grew 6.9% in 2021 Air cargo demand rebounded in December, growing 8.9% over the 2019 level, after a stumble in November when airlines’ throughput increased only 3.9% because of congestion at major airports, the…
Mexican Journalist Who Told Country’s President She Feared for Her Life Is Killed
Mexican Journalist Who Told Country’s President She Feared for Her Life Is Killed The shooting death of well-known journalist Lourdes Maldonado in Tijuana, the third killing of a journalist in Mexico this year, underscores the country’s reputation as one of…
Microsoft Saved by the PC
Microsoft Saved by the PC Windows upgrade lifted results as the cloud business showed some deceleration. Źródło 26 January 2022, 02:07
GATX upbeat on 2022 railcar leasing market
GATX upbeat on 2022 railcar leasing market Railcar lessor GATX anticipates a favorable railcar leasing market for 2022 amid demand for railcars in North America and Europe. The company expects market lease rates to increase above average expiring rates for…
GoFundMe freezes $3.7M until organizers of Canada trucker convoy detail spending plan
GoFundMe freezes $3.7M until organizers of Canada trucker convoy detail spending plan GoFundMe is holding off on distributing more than CA$4.7 million ($3.7 million) raised for a trucker convoy in Canada protesting COVID-19 mandates until it receives more information about…
Saia’s 7.5% GRI latest in string of 2022 LTL rate hikes
Saia’s 7.5% GRI latest in string of 2022 LTL rate hikes Less-than-truckload carrier Saia Inc. announced Tuesday a 7.5% general rate increase (GRI), which will apply to general tariff codes. A press release noted that select accessorial and minimum charges…
FleetPride Acquires Assets of Nationwide Truck Service
FleetPride Acquires Assets of Nationwide Truck Service FleetPride Inc. announced it acquired the assets of Nationwide Truck Service, a Louisville, Ky., company. Źródło 26 January 2022, 00:00
CN Rail Names Tracy Robinson CEO
CN Rail Names Tracy Robinson CEO Canadian National Railway Co. named Tracy Robinson as its new CEO and settled a dispute with shareholder TCI Fund Management Ltd., ending a long period of uncertainty over the leadership of one of North…
Marten Transport Reports Revenue, Earnings Growth for Q4
Marten Transport Reports Revenue, Earnings Growth for Q4 Marten Transport saw revenue and earnings grow during the fourth quarter of 2021. Źródło 26 January 2022, 00:00
How does your salary stack up?
How does your salary stack up? Welcome to the WHAT THE TRUCK?!? newsletter presented by Parade. In this issue, benchmark your salary, spot rates stay sky-high, best memes in freight and more. Then and now SONAR $3.75 — Although dry…
Marten’s metrics and bottom line improved in 4th quarter of 2021
Marten’s metrics and bottom line improved in 4th quarter of 2021 Marten rode a significant increase in total fourth-quarter revenue to offset higher salaries and purchased transportation costs, resulting in a 20% increase in operating income and a 26.1% improvement…
Trucking legend, innovator Myron P. “Mike” Shevell dies at 87
Trucking legend, innovator Myron P. “Mike” Shevell dies at 87 Myron P. „Mike” Shevell, who rose from driving a pickle truck to leading one of the most profitable family-owned trucking companies during his nearly 75-year career in the industry, died…
Transfix Adds Byars, Mosso to Executive Growth Team
Transfix Adds Byars, Mosso to Executive Growth Team Digital freight platform Transfix has added Guy Byars and Jennifer Mosso to the company’s executive team. The company announced that Byars will serve as senior vice president of carrier growth and Mosso…
Under-21 Driver Pilot Program Raises Carrier Reporting Concerns
Under-21 Driver Pilot Program Raises Carrier Reporting Concerns While trucking industry trade groups have expressed support for a federal apprenticeship program that will train under-21 drivers to operate tractor-trailers across state lines, concerns are being raised that some of the…
Vaccine Rule Raises Shipping Costs for Canadian Grocer
Vaccine Rule Raises Shipping Costs for Canadian Grocer The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has…
US Taps Strategic Reserve for 13.4 Million Barrels of Oil
US Taps Strategic Reserve for 13.4 Million Barrels of Oil The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to…
Daimler’s Richard Howard Envisions Transformation of Truck Financing
Daimler’s Richard Howard Envisions Transformation of Truck Financing As technology continues to transform the commercial truck market, Daimler’s Richard Howard sees a similar evolution under way on the financial services side of the industry. Źródło 25 January 2022, 21:30
DOT pumping $1.2 billion into rural freight network
DOT pumping $1.2 billion into rural freight network The Biden administration on Tuesday released $246 million in FY22 funding toward completing a 3,000-mile rural freight and passenger network expected to reap time and cost savings for long-haul trucking. The money…
SONAR sightings for Jan. 25: Trucking capacity recap, lanes to watch, more
SONAR sightings for Jan. 25: Trucking capacity recap, lanes to watch, more The highlights from Tuesday’s SONAR reports. For more information on SONAR — the fastest freight-forecasting platform in the industry — or to request a demo, click here. Also, be sure to…
Check Call: Another RFP, woo
Check Call: Another RFP, woo Episodes of Check Call the podcast come out every Tuesday at 12:30 p.m. EST on FreightWavesTV. Want to be on the show? Reply to this email with your biggest supply chain headaches for a chance…
Las secuelas de Central Freight: Preocupación por el salario, por las prestaciones y por las condiciones de trabajo inseguras
Las secuelas de Central Freight: Preocupación por el salario, por las prestaciones y por las condiciones de trabajo inseguras Tras el abrupto cierre de Central Freight Lines hace cinco semanas, muchos de los 2.100 empleados de la empresa, entre ellos…
Viewpoint: Rules may differ, but all drivers share one goal — stay safe
Viewpoint: Rules may differ, but all drivers share one goal — stay safe This commentary was written by Ingrid Brown, host of FreightWavesTV’s driver show, “America on 18 Wheels.” The views expressed here are solely those of the author and…
TuSimple, property developer team up to boost autonomous trucking in Texas
TuSimple, property developer team up to boost autonomous trucking in Texas The roads are mostly mapped for TuSimple to drive autonomously in Texas. Now it is up to commercial property developers to get ready for driverless trucks to come and…
2022 to build on record 2021, flatbed carrier Daseke says
2022 to build on record 2021, flatbed carrier Daseke says Flatbed operator Daseke posted record full-year 2021 results Tuesday, with management calling for further improvement in the new year. A multiyear turnaround, which consolidated past acquisitions and reduced its fleet…
U.S. Plans Sanctions, Export Controls Against Russia if It Invades Ukraine
U.S. Plans Sanctions, Export Controls Against Russia if It Invades Ukraine The Biden administration is working to mitigate market shocks if Russia withholds energy supplies in retaliation. Źródło 25 January 2022, 20:47
N.J. Trucking Leader Myron ‘Mike’ Shevell Dies at 87
N.J. Trucking Leader Myron ‘Mike’ Shevell Dies at 87 New Jersey trucking leader Myron „Mike” Shevell dies at 87 after a career in the industry that spanned decades. Źródło 25 January 2022, 20:15
Check Call with Raddy Velkov: Gimme a strong network
Check Call with Raddy Velkov: Gimme a strong network On this week’s episode of Check Call, host Mary O’Connell and Raddy Velkov, vice president of carrier relations at BlueGrace Logistics, sit down to talk about building a strong carrier network…
FreightWaves Classics: The commercial jet age began in 1959
FreightWaves Classics: The commercial jet age began in 1959 The first transcontinental commercial jet flight in the United States occurred on January 25, 1959, inaugurating the jet age for passenger and cargo aircraft. At 12:01 p.m. an American Airlines Boeing…
Ascend acquires South Carolina-based Dedicated Transportation Solutions
Ascend acquires South Carolina-based Dedicated Transportation Solutions New truckload carrier Ascend announced Tuesday that it is expanding its company’s footprint with the acquisition of Dedicated Transportation Solutions. The acquisition of DTS, headquartered in Greenville, South Carolina, which had 123 drivers…
New York Works to Expand Road Testing Availability for CDLs
New York Works to Expand Road Testing Availability for CDLs Efforts are underway in New York to enable more people to conduct road tests for commercial driver licenses to reduce a long backlog exacerbated by the ongoing coronavirus pandemic. Źródło…
VW, Bosch Team Up on Self-Driving Software
VW, Bosch Team Up on Self-Driving Software Volkswagen AG is partnering with Robert Bosch GmbH to develop a common software platform to bring hands-free driving functions to the German carmaker’s entire fleet in a bid to compete with Tesla Inc….
Ukrainian City Tries to Ward Off Russia by Promising a Better Future
Ukrainian City Tries to Ward Off Russia by Promising a Better Future Mariupol, a port city near the front line with a breakaway region, preserves some scars of earlier fighting but has added parks and restaurants. Źródło 25 January 2022,…
GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives
GM’s $6.5 Billion Electric Truck Blitz Wins Michigan Incentives General Motors Co. plans to spend $6.5 billion on an electric pickup plant and battery factory in Michigan thanks in part to a $1.8 billion incentive package put together by the…
XPO Logistics partners with Nobia to provide transport services for its brands
XPO Logistics partners with Nobia to provide transport services for its brands XPO Logistics has been awarded an exclusive contract to manage the distribution of kitchen products for all Nobia brands in the UK. The Nobia brands XPO will be…
Chip Shortage Expected to Stretch Through 2022
Chip Shortage Expected to Stretch Through 2022 The Biden administration has concluded that a global semiconductor shortage will persist until at least the second half of this year, promising long-term strain on a range of U.S. businesses, including automakers and…
Swaminathan View: A big global stock market crash is coming
Swaminathan View: A big global stock market crash is coming Stock markets once examined every stock for value. Today, value investing is sneered at, and the big boys are rushing into companies that have never made a profit, just as…
Iowa trucking owner sentenced in $1.4M payroll tax scheme
Iowa trucking owner sentenced in $1.4M payroll tax scheme The owner of an Iowa trucking company was sentenced to 21 months in federal prison for his role in a seven-year, $1.4 million payroll tax scheme. Mark Warm, 57, of Jesup,…
Robotics Startups Seek to Build a Better Self-Driving Lawn Mower
Robotics Startups Seek to Build a Better Self-Driving Lawn Mower Hundreds of well-funded robotics startups are working on self-driving cars, self-piloting drones and shelf-diving warehouse robots. One lesser-known area that’s beginning to draw the attention of investors: autonomous lawn mowers….
Teen Tesla Hacker Accessed Owners’ Email Addresses to Warn Them
Teen Tesla Hacker Accessed Owners’ Email Addresses to Warn Them The 19-year-old cybersecurity researcher who remotely accessed dozens of Tesla Inc. vehicles through a third-party flaw, has a new trick: hacking the car owners’ email addresses to notify them they…
Police Probe of Lockdown Parties Puts Boris Johnson on Defensive
Police Probe of Lockdown Parties Puts Boris Johnson on Defensive The announcement by police of an investigation into parties that took place in Downing Street raises pressure on the British prime minister, whose popularity has fallen sharply and who faces…
Relay for LTL Carriers starts to speed up payments
Relay for LTL Carriers starts to speed up payments When it comes to payments, less freight can sometimes mean more problems. That’s especially true for less-than-truckload carriers, which are required to manually reconcile payments for each load on their trucks,…
U.S. Considers 'Potent’ Export Controls Against Russia
U.S. Considers 'Potent’ Export Controls Against Russia The Biden administration would target Russia’s defense, aerospace, artificial intelligence and other key sectors in response to an invasion of Ukraine, U.S. officials said. Źródło 25 January 2022, 17:36
Paccar blows away top and bottom lines in Q4 financials
Paccar blows away top and bottom lines in Q4 financials Paccar Inc. set Q4 records for aftermarket parts and financial services while boosting new truck deliveries by 45% over Q3, all contributors to top- and bottom-line beats of analysts’ estimates…
Stocks Fall in Wake of Turbulence on Wall Street
Stocks Fall in Wake of Turbulence on Wall Street U.S. stock indexes resumed their decline Tuesday, putting markets on course for another day of bumpy trading, as investors awaited the Federal Reserve’s policy meeting and parsed major earnings. Źródło 25…
Paccar Boosts Q4 Net Income, Revenue
Paccar Boosts Q4 Net Income, Revenue Paccar Inc. reported fourth-quarter net income rose 26% and revenue increased by about $1 billion compared with a year earlier. Źródło 25 January 2022, 17:30
Port of Savannah overcomes ‘serious headwinds’ to land cargo record
Port of Savannah overcomes ‘serious headwinds’ to land cargo record The Port of Savannah handled record volumes in 2021, moving 5.6 million twenty-foot equivalent units and sending volumes up 20% year-over-year. The sizable increase comes as the port experienced 12…
Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio
Sustainable Investing Bubbles Can Change the World—and Sink Your Portfolio ESG investing often isn’t fulfilling its primary purpose—and when it does it’s probably a bad investment, our columnist writes. Źródło 25 January 2022, 17:13
AMC, IBM, Microsoft, GE: What to Watch in the Stock Market Today
AMC, IBM, Microsoft, GE: What to Watch in the Stock Market Today IBM reported an earnings beat; Microsoft results are due after the close. Źródło 25 January 2022, 17:07
POLA and POLA push back consideration of “Container Dwell Fee” until January 28
POLA and POLA push back consideration of “Container Dwell Fee” until January 28 This follows previous joint announcements by POLA and POLB, whom collectively account for roughly 40% of United States-bound import volumes, indicating that consideration of the fee would…
Airbus launches cargo airline with whale-shaped super transporter
Airbus launches cargo airline with whale-shaped super transporter Airbus said Tuesday it is commercializing its in-house fleet of Beluga supersize jets used to transport large aircraft components between manufacturing sites to offer logistics companies and other organizations airlift for outsized…