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Sep 5, 2023 · 5 min. The seemingly perpetual marketwide truck driver shortage is not real, nor is it marketwide. While specific fleets can and do have driver shortages — i.e., unseated trucks — the trucking market quickly corrects. There also are periods of capacity shortages, but those get addressed very quickly by the market. FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves …FreightWaves provides thought leadership and editorial content focused on the Global Supply Chain. At the core of each article or content piece is a focus on...West Coast queues. According to the Friday 7 a.m. queuing list from the Marine Exchange of Southern California, 24 container ships were waiting for berths in Los Angeles/Long Beach, with a total capacity of 208,903 TEUs (average size: 8,704 TEUs). This backlog is down sharply from a high of 109 ships on Jan. 9, but it’s still the second ...WebSamsung overtook Apple to secure the top spot in smartphone shipment volumes during the first quarter of 2023. Samsung overtook Apple through a slender 1% lead to secure the top spot in smartphone shipment volumes during the first quarter o...

5 min. Transportation prices fell in February at the fastest rate recorded in the six-and-a-half-year history of a monthly survey of supply chain executives. The Logistics Managers’ Index (LMI) registered a reading of 36.1 for transportation costs in February, 5.9 percentage points lower than in January and below the prior record, which was ...Sep 5, 2023 · 5 min. The seemingly perpetual marketwide truck driver shortage is not real, nor is it marketwide. While specific fleets can and do have driver shortages — i.e., unseated trucks — the trucking market quickly corrects. There also are periods of capacity shortages, but those get addressed very quickly by the market.

Are you interested in the logistics industry? Do you have a knack for organization and problem-solving? If so, becoming a freight forwarder might be the perfect career path for you.Sep 26, 2023 · Mark Solomon. · Tuesday, September 26, 2023. A robotic truck loader from Dexterity (Photo: FedEx) FreightWaves. FedEx leverages AI to improve trailer-loading process. 1 min. Robotics firm Dexterity AI said Tuesday it has partnered with FedEx Corp. (NYSE: FDX) to have robots load FedEx Ground trailers by leveraging AI-powered technology.

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.Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday.Orange-themed trucking giant Yellow is on the brink of bankruptcy just a few years after taking a $700 million government bailout. Yellow Corp. trailers are pictured at a YRC Freight facility ...Photo: Jim Allen/FreightWaves. A federal judge has ordered a Mississippi trucking company and its owner, Xavier Bailey, to pay more than $482,000 after finding Bailey made false statements in order to obtain funds through the U.S. Small Business Administration’s Paycheck Protection Program (PPP).WebIn the 2008 freight recession, freight brokerages were a much smaller percentage of the overall trucking market, representing just 10% of the total freight in the market. This number has doubled since then, along with the quality of freight. When I was working the freight desk at U.S. Xpress in the early 2000s, freight brokerages weren’t a ...

Sep 13, 2023 · Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.

Oct 30, 2023 · The smooth debut of Hawaiian Airlines’ first freighter aircraft this month and the cash it, and sister aircraft, will generate from Amazon is a shot in the arm for an airline with losses that widened to $48.7 million in the third quarter from $9.3 million a year ago. Hawaiian Airlines (NASDAQ: HA) began flying the Airbus A330-300 converted ...

Daily Infographic: EV Infrastructure: South Korea leads the charge. FreightWaves produces a daily infographic Monday through Friday. Stay tuned for the latest in illustrated content! FreightWaves is the number one source for freight and logistics news across the globe.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 ...Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday.Sep 26, 2023 · Mark Solomon. · Tuesday, September 26, 2023. A robotic truck loader from Dexterity (Photo: FedEx) FreightWaves. FedEx leverages AI to improve trailer-loading process. 1 min. Robotics firm Dexterity AI said Tuesday it has partnered with FedEx Corp. (NYSE: FDX) to have robots load FedEx Ground trailers by leveraging AI-powered technology. The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable. At the peak of the pandemic, containers essentially stopped moving.The latest tweets from @FreightWavesLeading Trucking News - Award Winning - FreightWaves Home / News / Trucking Trucking Alan Adler Monday, November 27, 2023 Lion Electric lays off 150 …

The freight cycle. The freight cycle is a market cycle that describes the boom to bust cycle of the trucking freight market. A typical freight cycle lasts for three to four years and is more cyclical than a broader economic cycle. In the early part of the cycle, the freight market is balanced.Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry.Web9 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 ...Approximately 65 employees for Pittsburgh-based Elite Transit Solutions were laid off via Microsoft Teams on Friday. This is the second round of job cuts the freight brokerage has experienced over the past month; about 20 employees were let go on Oct. 20 because of the “current economic situation,” according to sources familiar with the layoffs.WebFreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Representing 8.7 million loads. Published 365 days of the year. Over 1,200 days of historical data. Views aggregated weekly or moving 7 day averages.

Xeneta tracks both contract rates and spot rates. Its short-term index put North Europe-U.S. East Coast rates at $6,086 per FEU as of Wednesday. Long-term rates for this trade were under $6,000 per FEU as of mid-January. Spot rates have fallen below contract rates in almost all of the world’s container trades — but not yet in the trans ...WebHeralded as the 'Beast of Indian Railways', the WAG-12B locomotives are making waves as fully electric, high-powered freight engines that are transforming the landscape of …

Nov 16, 2022 · Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight transportation ... Sustainability News from FreightWaves6 min. Not a single container ship waited offshore of the ports of Los Angeles or Long Beach on Nov. 22-23. It was the first time the queue had gone to zero since October 2020, in the early days of the COVID-era consumer boom. “The container-ship backup for the ports of Los Angeles and Long Beach has ended,” declared Kip Louttit, executive ...UP ( NYSE: UNP) expects to open in the first quarter of 2024 a new international intermodal terminal in Phoenix, which the railway says will provide a rail option for those seeking a connection between the ports in the Los Angeles Basin and the U.S. Southwest. Although the terminal, which will be owned and operated by UP, will be …UP ( NYSE: UNP) expects to open in the first quarter of 2024 a new international intermodal terminal in Phoenix, which the railway says will provide a rail option for those seeking a connection between the ports in the Los Angeles Basin and the U.S. Southwest. Although the terminal, which will be owned and operated by UP, will be …Sep 26, 2022 · FreightWaves is a platform that provides breaking news, data, and analysis on the supply chain, logistics, and trucking industries. You can watch SONAR, a high-frequency data tool that tracks the performance of various supply chain indexes, and get access to market updates, earnings reports, and more. Brielle is the deputy editor of Freight Waves and has a seven-year history in B2B publishing, tackling cutting edge stories in business, with more than two years specifically focused on the supply chain. She’s interviewed numerous CEOs and is adept at finding stories that matter to the industry.Approximately 65 employees for Pittsburgh-based Elite Transit Solutions were laid off via Microsoft Teams on Friday. This is the second round of job cuts the freight brokerage has experienced over the past month; about 20 employees were let go on Oct. 20 because of the “current economic situation,” according to sources familiar with the layoffs.WebJul 30, 2023 · A bankruptcy filing could be announced Monday. (Photo: Jim Allen/FreightWaves) Less-than-truckload carrier Yellow Corp. ceased all operations at 12 p.m. Sunday, according to a notice on the gates at its terminals. Separate internal documents showed the procedures for closing the facilities as well as “talking points” to be used when ... Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.

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Oct 15, 2023 · In the 2008 freight recession, freight brokerages were a much smaller percentage of the overall trucking market, representing just 10% of the total freight in the market. This number has doubled since then, along with the quality of freight. When I was working the freight desk at U.S. Xpress in the early 2000s, freight brokerages weren’t a ...

As of 2014, Harbor Freight Tools does not offer franchises. The company owns all of its stores and operates a real estate department that assesses potential locations for future stores.Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more …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 indexes, which are derived from surveys of carriers, brokers and shippers, measure near-term and longer-term profitability, workforce and business investment sentiment. For the first time since we started tracking sentiment in Q4 2022, an overall score has fallen into the negative. FreightWaves SONAR: NTI.USA (white) and NTIF.USA (green).4 min. Forward Air reported third-quarter adjusted earnings per share of 99 cents Monday after the market closed. The result was 12 cents light of consensus and 94 cents lower year over year (y/y). Forward ( NASDAQ: FWRD) pinned the miss on soft demand for its noncore intermodal and truckload brokerage services. 6 min. Air Transport Services Group, a diversified provider of cargo aircraft and transportation services, has fired CEO Rich Corrado and replaced him with Joe Hete, the current chairman of the board who previously ran the company for 17 years. The announcement late Monday afternoon coincided with the company’s publication of third …Some people might steer away from ordering online because of international shipping. Although shipping costs can be steep, don’t miss out on ordering something just because the shipping seems confusing. Find out how to track international s...Oct 30, 2023 · ArcBest’s ( NASDAQ: ARCB) shares jumped 16% on its third-quarter report . Yellow’s trailers parked along a fence at a shuttered Houston terminal. (Photo: Jim Allen/FreightWaves) The company’s asset-based segment, which includes LTL carrier ABF Freight, saw shipments decline 2.7% from the second quarter. Dayton Freight Company is a leading logistics provider that has been in business for over 30 years. They specialize in providing transportation and logistics services to businesses of all sizes, from small businesses to Fortune 500 companie...6 min. Not a single container ship waited offshore of the ports of Los Angeles or Long Beach on Nov. 22-23. It was the first time the queue had gone to zero since October 2020, in the early days of the COVID-era consumer boom. “The container-ship backup for the ports of Los Angeles and Long Beach has ended,” declared Kip Louttit, executive ...WebSome people might steer away from ordering online because of international shipping. Although shipping costs can be steep, don’t miss out on ordering something just because the shipping seems confusing. Find out how to track international s...6 min. Air Transport Services Group, a diversified provider of cargo aircraft and transportation services, has fired CEO Rich Corrado and replaced him with Joe Hete, the current chairman of the board who previously ran the company for 17 years. The announcement late Monday afternoon coincided with the company’s publication of third …

Ground News shows the latest headlines from FreightWaves, a freight transportation data and analysis platform, and compares them with left-wing and right-wing news sources. …Dec 13, 2021 · Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday. FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves …Instagram:https://instagram. smg pricechesapeak energy stockferrari watch pricebrics currency how to buy The Teamsters and UPS Inc. came to terms on all noneconomic issues during national contract negotiations on Tuesday, the union said. “We have reached tentative agreement on well over 40 noneconomic issues that affect all our members at UPS, and we did it as a team. The Teamsters haven’t sacrificed a single concession in these negotiations ...Photo: Jim Allen/FreightWaves. An Illinois-based trucking company has filed for Chapter 11 bankruptcy protection, citing a jury award of $10 million in December after a 2019 fatal truck crash involving one of …Web apollo diversified credit fundsmh stocks The biggest food brands have cooled it on price inflation.That’s good news for consumers — and trucking companies. Two freight brokers told FreightWaves that truckers have had to reorganize their routes to grocers in the past year due to reduced volumes, though they haven’t experienced the fallout of business that other firms have …Brielle is the deputy editor of Freight Waves and has a seven-year history in B2B publishing, tackling cutting edge stories in business, with more than two years specifically focused on the supply chain. She’s interviewed numerous CEOs and is adept at finding stories that matter to the industry. sony corporation stock Nov 30, 2023 · The heart of the Haslam complaint — filed as an action by Pilot Corp. — is that in violation of an earlier agreement, Berkshire Hathaway, upon taking control of Pilot Travel Centers (PTC), switched its accounting to a “pushdown” method. Haslam says this is reducing the value of Pilot, which would impact what Berkshire Hathaway would pay ... In arguably one of the most important moves in its history, FedEx Corp. said Wednesday it will combine three of its operating units into one business known as Federal Express Corp. The transition will bring FedEx’s ( NYSE: FDX) air, ground parcel and FedEx Services businesses under one umbrella, effective June 1, 2024.