Freight wave news.

Jun 27, 2023 · 9 min. Less-than-truckload carrier Yellow Corp. announced Tuesday that it has filed a $137 million breach of contract lawsuit against the International Brotherhood of Teamsters for blocking proposed changes to modernize how the carrier operates. Yellow ( NASDAQ: YELL) said the union doesn’t have the authority to stop a proposed change of ... 3 min. Two truckers who worked for the same Canadian carrier face federal drug charges in the U.S. after they were arrested four months apart in connection with seizures in Michigan of cocaine and methamphetamine worth millions of dollars, court records show. Prabhjot Singh was arrested on March 15 after Michigan State Police officers found 142 ... Freight factoring, also known as transportation factoring or trucking factoring, is a service option that can help trucking companies streamline their cash flow. One of the easiest ways to understand freight factoring is to understand the p...Record newbuild deliveries in 2023-24. The majority of tonnage on order will be delivered the next two years: 2.34 million TEUs in 2023 and 2.83 million TEUs in 2024, compared to around 1.1 million TEUs in both 2021 and 2022, said Verberckmoes. The scale of the upcoming deliveries is unprecedented.

Today, the same lane goes for $1,402/TEU. In May 2022, container imports handled at the U.S. port peaked at 2.6 million TEUs, the most recent month of imports data before FreightWaves’ article was published. Descartes reported that container import volumes in November were 1.95 million TEUs, a drop of 25%.Record newbuild deliveries in 2023-24. The majority of tonnage on order will be delivered the next two years: 2.34 million TEUs in 2023 and 2.83 million TEUs in 2024, compared to around 1.1 million TEUs in both 2021 and 2022, said Verberckmoes. The scale of the upcoming deliveries is unprecedented.

Brokers and 3PLs began with a lower sentiment of 9.84 in Q4 2022, which dipped further in Q1 2023 to 6.97. Their sentiment saw a fluctuation, climbing to 9.39 in Q2 2023 and peaking at 12.55 in Q3 2023, indicating a resurgence of confidence, before descending again to 8.78 in Q4 2023.After 96 years, Central Freight Lines plans to shut down. FreightWaves’ Clarissa Hawes broke the news on Saturday night, and reaction has been swift ever since — on what’s next for the drivers and other CFL employees, how the company got to this point, how it will impact the LTL market, and so one. Here’s a sampling of reactions and ...

WAVE 3 News is your go-to source for breaking news in Louisville, Kentucky and Indiana. We offer the latest news headlines, weather, traffic, sports and more.FreightWaves Carbon Intelligence (FCI) enables shippers to quantify the efficiency, cost and carbon impact of their transportation networks. Built inside FreightWaves’ Supply Chain Intelligence platform, Carbon Intelligence is the first network-level carbon solution for transportation and logistics brought to market by an impartial, third-party data provider.1 min. The December 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal …Chattanooga, Tennessee, USA, May 09, 2022 (GLOBE NEWSWIRE) -- Today, FreightWaves, the Global Leader in Supply Chain Data and Analytics, announced …Here are five of the biggest U.S.-Mexico border drug busts this year. 1. Mexican police find $62M in drugs in abandoned truck near border. Mexican authorities found 25,000 pounds worth of narcotics hidden inside a tractor-trailer that was abandoned just south of the Mexican border on Dec. 6. The drugs found included 8,810 pounds of …

Dec 31, 2022 · A look back at year of geopolitical unrest, easing pandemic effects. Three key drivers shaped ocean shipping markets in 2022: the end of the container boom, Russia’s invasion of Ukraine and China’s worsening economic and geopolitical situation. Here’s a look back at this year’s coverage of how each driver impacted shipping rates and ...

Thursday, April 29, 2021 0 The pandemic has sent the retail industry on a K-shaped trajectory — the final straw that has sent many retail... Read more Not easy being green: Finding truckloads to convert to intermodal when the low-hanging fruit is already picked by Tony Mulvey Thursday, April 22, 2021 0

1 min. The October 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates. In this report, you will ...The hike in railways fares and freight rates has sparked outrage. Political parties (mainly the Congress, but also BJP allies such as the Shiv Sena) are citing it as an example of an anti-people measure. The Modi government would be well se...The air freight forwarding industry is responsible for making sure shipments from one country to another are fully completed. They handle everything from storage and inventory management, to customs clearance, international export, import documentation, and more. Because of their expertise in international shipping, air freight forwarders also ...Yusen Logistics Co., Ltd. (President: Hiroyuki Okamoto) starts to offer Less-than-Container Load (LCL) own consolidation ocean freight forwarding service with a ...The inventory level component fell from an all-time high of 80.18 — anything over 70 is extreme — last January to 54.8 in November, indicating that inventories went from growing at light speed to crawling. While December’s value of 57.3 is still not extreme, it is moving in the wrong direction for many shippers.6 min. FreightWaves unveiled the winners of its 2024 FreightTech 25 awards on the final day of the F3: Future of Freight Festival. This sixth iteration of the award series was full of surprises. The 2024 list honors industry veterans and newcomers that have found a way to hang on in one of the most difficult environments for technology ...

FreightWaves SONAR provides transparency to simplify decision making across transportation teams. Now, SONAR has added features, which went live Thursday, designed to increase pricing efficiency and strategy effectiveness for transportation teams everywhere. Users of Market Dashboard and Market Dashboard+ can now unlock the …Mar 10, 2023 · The FreightWaves TRAC spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, was on an unstoppable decline since January but has finally leveled out. Over the past week, the TRAC rate held firm at $2.01, still a far cry from its year-to-date high of $2.39. Feb 22, 2023 · The naming ceremony of the 24,188-TEU OOCL Spain was held at China’s NACKS shipyard on Feb. 16. (Photo: OOCL) FreightWaves. ‘Colossal’ tidal wave of new container ships about to strike. 8 min. Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month ... Diversification will be key in 2024. With 2024 expected by many to see a swing in pricing power back in carriers’ favor, Carrillo emphasized the need for shippers …Founders Craig Fuller. Operating Status Active. Last Funding Type Private Equity. Also Known As Transrisk, transfx, transvix, BiTA , Blockchain in transport , TransFX. Legal Name FreightWaves, Inc. Company Type For Profit. Contact Email [email protected]. Phone Number (423) 205-3050. FreightWaves is a data and content forum that provides ...We would like to show you a description here but the site won’t allow us.

The firm titled its June 3 report “Watching the China Freight Wave,” which covered the slowdown in container markets and forewarned about a slowing U.S. domestic freight market. Using the same data, on June 7, FreightWaves wrote an article titled “U.S. import demand is dropping off a cliff.” We saw container flows out of China to the U ...Lufthansa Cargo profits wiped out in Q3. Eric Kulisch Thursday, November 2, 2023. Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year. Read More. Welcome to the home page of Clay Katzman's automotive newsletter, "Transmission." Subscribe to receive insights on the automotive sector.

Nov 3, 2023 · The latest report, released Friday, revised the September truck transportation total down by 900 jobs, but the August total was cut 5,500 jobs from a month earlier. After all the changes, October’s total truck transportation jobs of 1,578,600 is 30,600 fewer than the high-water mark of May, when the BLS reported 1,609,200 jobs. 26 Aug 2019 ... ... Freight Association, which represents road freight service providers. ... wave of. Reports. November 2, 2023 Report. “Working On Oil is Forbidden ...Container imports bound for the U.S. have dropped over 36% since May 24. (This index measures departing container volumes at the port of origin). This is a troubling sign for domestic U.S. freight markets that have been benefiting from an unprecedented surge of containerized import volumes over the last 18 months.The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics —is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market …Quicklook: Best TMS freight broker software in 2024. Best for integration with existing software: Rose Rocket TMS. Best for small- to medium-sized businesses: Truckbase. Best for real-time visibility and insights: Trucker Tools. Best for large brokerage businesses: Trimble. Best for LTL freight brokers: Transport Pro.Port Houston handled 307,624 twenty-foot equivalent units in August, a year-over-year (y/y) decrease of 20%. Overall container volumes and freight flows at Port Houston declined in August compared to last year, led by a 48% y/y drop in empty containers to 40,398 TEUs. Roger Guenther, executive director at Port Houston, said …Mar 10, 2023 · The FreightWaves TRAC spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, was on an unstoppable decline since January but has finally leveled out. Over the past week, the TRAC rate held firm at $2.01, still a far cry from its year-to-date high of $2.39. 3 min. Two truckers who worked for the same Canadian carrier face federal drug charges in the U.S. after they were arrested four months apart in connection with seizures in Michigan of cocaine and methamphetamine worth millions of dollars, court records show. Prabhjot Singh was arrested on March 15 after Michigan State Police officers found 142 ...An Open Letter to the U.S. Department of Transportation. 11.28.2023 ; Flock Founder and CEO Oren Zaslansky Recognized as a Top Entrepreneur by Goldman Sachs.

Then the news broke that one of the most iconic freight brokers to come out of the venture era of freight tech funding would fail on the same morning. Convoy was a victim of a violent commoditized industry that is facing one of its deepest recessions in decades and a sudden change in investor appetite from risk to unit economics.

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FreightWaves SONAR is the world’s first high-frequency market intelligence platform, offering a technical analysis dashboard and API suite that empowers clients with access to freight market developments, often weeks or months before competitors. The creation of SONAR was the brainchild of Craig Fuller, the founder of FreightWaves and the ...25 Mar 2016 ... The logistics sector employs millions of workers around the world and must actively manage morale to ensure it attracts and retains the best ...CHATTANOOGA, Tenn. — Despite one of the most unprecedented downfalls in transportation and logistics history, Convoy Inc.’s ultimate legacy is that it shook up the freight industry by bringing technology innovation and investments into the space. Seattle-based startup digital freight broker Convoy announced it was shutting down operations ...The freight market is suffering from very challenging conditions and few dispute that the freight market is in recession. The root cause of the current freight recession has been the imbalance of supply and demand. According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels.Jan 5, 2023 · Hapag-Lloyd and Yang Ming: Germany’s Hapag-Lloyd, the fifth-largest liner operator, increased capacity by 1.8% last year and by 64,800 TEUs or 4% over the past three years. At No. 9, Taiwan’s Yang Ming upped capacity by 60,724 TEUs or 9% since pre-pandemic. It was the eighth-largest carrier in early 2020. The FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, has seen a slowdown in its prior momentum. Over the past week, the TRAC rate fell 1 cent per mile to $2.08 — still some distance from its year-to-date high of $2.39.Transport Topics is the nation's logistics and trucking news leader, with award-winning coverage of the regulatory, technology, business, and equipment ...Dec 1, 2023 · Common wisdom holds that the outdated and constrained electric grid cannot support the scaling of electric trucks. Looking at the grid’s current use supports that. Electrifying just the long-haul portion of the U.S. trucking fleet would require 10% of the nation’s electric power generation, according to a December 2022 study from the ... Diversification will be key in 2024. With 2024 expected by many to see a swing in pricing power back in carriers’ favor, Carrillo emphasized the need for shippers …

The report’s survey found that eight of 10 carriers and freight brokers think Amazon’s entry into digital freight brokerage is ‘negative’ for their market segments. Carriers, by a two-to-one margin, are more apt to view this development as ‘very negative’ than freight brokers.The rise in COVID infections fueled by the omicron variant and bad weather that has forced passenger airlines to cancel thousands of flights is now disrupting operations at FedEx Express. The parcel and freight carrier warned Friday that staffing problems due to rising infection rates among pilots and ground personnel in its air network ...Today, the same lane goes for $1,402/TEU. In May 2022, container imports handled at the U.S. port peaked at 2.6 million TEUs, the most recent month of imports data before FreightWaves’ article was published. Descartes reported that container import volumes in November were 1.95 million TEUs, a drop of 25%.Instagram:https://instagram. iktwipro usabest mortgage lender in njarlp dividend history On March 31, 2022, I wrote “Why I believe a freight recession is imminent,” based on the significant slowdown in U.S. trucking market conditions. This was the first warning that something was materially wrong in the 2022 freight market. Freight markets are leading indicators of economic activity, often by months. reg stockbest bank etfs Nov 13, 2023 · The freight industry has seen a wave of brokerage bankruptcies in recent months, and that surge is causing significant disruptions for carriers, undermining their financial and operational stability. Rachel Premack, editorial director at FreightWaves, and Clayton Griffin, chief strategy officer and EVP at OTR Solutions, spoke on current ... Not since the initial 2020 COVID-19 outbreak in Wuhan have lockdowns been this extensive in China. “It’s probably worse than Wuhan,” said Jon Monroe, an ocean shipping and supply chain expert who runs a consulting firm. “You’re going to have a lot of pent-up orders. It’s going to be an overwhelming movement of goods” that will ... jepi ex dividend Craig Fuller, Freightwaves founder and CEO, joins 'The Exchange' to discuss freight rejections hitting all time lows, challenges in the goods economy contributing to broader economic weakness, and ...Sep 22, 2022 · The firm titled its June 3 report “Watching the China Freight Wave,” which covered the slowdown in container markets and forewarned about a slowing U.S. domestic freight market. Using the same data, on June 7, FreightWaves wrote an article titled “U.S. import demand is dropping off a cliff.” We saw container flows out of China to the U ... The FreightTech 25 will be announced next month. FreightWaves – the industry-leading provider of news, data and analytics for the logistics markets – has announced the winners of the 2021 FreightTech 100 Awards. The world has faced significant collective hardship this year, throwing both the markets and people’s everyday lives for a …