FreighWaves

The U.S. Federal Maritime Commission (FMC) said an amendment to a joint venture agreement between two marine terminals at the Port of San Juan in Puerto Rico will become effective today. The FMC did not stand in the way of the formation in late August 2019 of the 50/50 joint venture between Luis...

New IMO 2020 low-sulfur fuel regulations are a necessary but unwelcome burden for container shipping stakeholders, according to shipper representatives. James Hookham, secretary-general of the Global Shippers Forum (GSF), said importers and exporters faced a wide range of challenges in the early...

Railcar manufacturer Greenbrier (NYSE: GBX) is unveiling a newly-designed covered hopper railcar that will enable faster grain discharges. The covered hopper will use a patent-pending "Tsunami Gate," which is a door-and-hatch system that Greenbrier said will allow shippers to customize the...

A 6.4-magnitude earthquake shook Southern California this morning, in the largest temblor to hit the region in 25 years. The earthquake struck at 10:33 a.m. Pacific time near Ridgecrest in Kern County on July 4, according to the U.S. Geological Survey (USGS). It was felt more than 100 miles away...

Kargo Technologies, an Indonesia-based logistics startup, has raised $7.6 million in its seed round of funding, led by Sequoia Capital India. The investment round also saw Uber founder Travis Kalanick's 10100 Fund join the funding round, along with Patrick Walujo, the co-founder of Northstar...

In 2030, mature markets like North America and Europe will still be the most profitable regions globally for truckmakers, but nearly half of the growth in original equipment manufacturers' (OEMs) profits will come from aftersales services. In the next decade, volume growth will be decoupled...

Kroger has plans to introduce driverless vehicles to the grocery industry this year, according to a Wall Street Journal article. The U.S. grocery giant announced a partnership with electric vehicle startup Nutro Inc. this week. Both companies said driverless grocery delivery could make the roll-out...