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Freight shipping tips, tools, and guides to drive better international freight for importers and exporters of all sizes.

Day: August 27, 2020

Major ports and roads remain closed after hurricane makes landfall

Key ports and highways across the Texas-Louisiana Gulf Coast remain closed in the aftermath of Hurricane Laura. All Port Houston offices and terminals were closed Thursday, according to the port’s website. The Port of Beaumont in southeast Texas will be closed until Monday, according to a statement, and the Port of Galveston in Texas remains

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Commentary: Applying AI to decision-making in shipping and commodities markets

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  In this installment of the AI in Supply Chain series (#AIinSupplyChain), we explore the topic of decision-making in the shipping and commodities markets. Before we proceed, it is important to note four characteristics

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Texas eases up on some trucking rules in wake of Laura

Texas has suspended several trucking rules and regulations in the wake of Hurricane Laura.In an order handed down Wednesday, Texas Gov. Greg Abbott said the moves will “help expedite the delivery of food, water, equipment, medical supplies and other resources to help communities impacted by the storm.” The rules that have been suspended include the

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Pitchbook names 8VC most active freight tech investor

The universe of venture capital-backed freight tech startups has matured since 2015, when the space was still in its infancy. In 2019, average late-stage valuations reached $158 million, 430 deals were closed and $11.8 billion was invested in freight tech startups. Freight tech has evolved as new themes have emerged. First, digital freight-matching companies were

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Intermodal volumes prop up US rail traffic

U.S. intermodal traffic on a weekly basis gained 5% in the week ending Aug. 22, which in turn helped lift overall rail volumes higher. U.S. freight railroads originated 285,086 intermodal containers and trailers last week, a 5% increase from the same period in 2019, according to the Association of American Railroads. Volumes are also 2.5%

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Google, UPS unit begin free delivery service for Google merchants

Google Inc. (NASDAQ:GOOG/GOOGL) has launched a service with Ware2Go Inc., an on-demand fulfillment platform owned by UPS Inc., (NYSE:UPS) where Google’s merchant customers can offer free deliveries of orders initiated by a Google search but consummated on the merchant’s site. The service, called Google Free and Fast, touts free deliveries within a one- to three-day

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Major Hurricane Laura slams Gulf Coast overnight (with forecast video)

Hurricane Laura crashed into the Gulf Coast overnight as a Category 4 storm, lashing southwestern Louisiana with 150-mph sustained winds. “There will be parts of Lake Charles underwater that no living human being has ever seen before.” – Louisiana Gov. John Bel Edwards Laura — the region’s strongest storm in more than a century —

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Former Expedia CEO joins Convoy as president and COO

When Mark Okerstrom and Dan Lewis first met, there was an immediate recognition of the shared values each CEO displayed. “I met Dan a while back and was struck by his intellect, drive and humility,” Okerstrom, the former CEO of Expedia Group, told FreightWaves. “In my career I have found that combination of attributes in

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Portions of I-10 in Louisiana close ahead of Hurricane Laura

The Louisiana Department of Transportation and Development (DOTD) has closed a portion of Interstate 10 due to the imminent arrival of Hurricane Laura. The eastbound lane of I-10 is closed at the Texas/Louisiana state line, and I-10 westbound is closed west of the Atchafalaya Basin. To detour the closure and avoid undrivable conditions, motorists should

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