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Nov 16, 2023 · 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. FreightWaves is shaking up the industry once again with an all new freight experience. We’re bringing together the greatest minds in the transportation, logistics and supply chain industries to share insights, predict future trends and showcase emerging technology at The Future of Supply Chain. This premiere event will include exclusive VIP experiences, rapid-fire demos, interactive sponsor ...Sep 21, 2023 · Covenant Logistics Group’s Matt McLelland said at FreightWaves’ Net-Zero Carbon Summit on Thursday that his company’s sustainability plan includes fleet initiatives to reduce idle percentage and increase miles per gallon. Read More ». FreightWaves Staff Thursday, September 21, 2023. 3 min. FedEx Corp. and the union representing its pilots said Wednesday they have reached a tentative agreement on a new contract that will ensure uninterrupted parcel and freight service if approved by rank-and-file pilots. The deal is so fresh that the FedEx pilots’ leadership, which must first give its approval to go forward, still hasn ...Sep 18, 2023 · FreightWaves has unveiled its sixth annual FreightTech 100 list, spotlighting the most innovative companies in the freight technology sector. This announcement sets the stage for the FreightTech 25, which will be revealed in November at the F3: Future of Freight Festival in Chattanooga, Tennessee. The 2024 FreightTech 100 directory does not ...

Maersk — which pre-reported record Q2 2021 results on Monday — estimated that global container shipping demand was up only 2.7% in the second quarter versus the same period two years ago, prior to the pandemic. And yet, Maersk’s average freight rate (including both contract and spot business) was $3,038 per forty-foot equivalent unit, up ...Maersk — which pre-reported record Q2 2021 results on Monday — estimated that global container shipping demand was up only 2.7% in the second quarter versus the same period two years ago, prior to the pandemic. And yet, Maersk’s average freight rate (including both contract and spot business) was $3,038 per forty-foot equivalent unit, up ...

3 min. Brad Jacobs has chosen the vessel for his next act. The man who put together the XPO freight conglomerate and then sold it off in pieces to leave behind the LTL-focused XPO, stand-alone 3PL RXO and contract logistics company GXO is leading a $1 billion investment in a company called SilverSun Technologies, which is publicly traded …

2/23/23 11:00 am. There were plenty of pandemic days when fear of diesel shortages and outright unavailability gripped the trucking market. Gary Bevers, long-time consultant to the fuel distribution supply chain, speaks …3 min. Leaders of the bargaining unit for FedEx pilots have approved a tentative contract first advanced by negotiators on May 30 that includes a 30% pay raise and improved pension benefits, the Air Line Pilots Association said late Monday. No details were provided when the sides announced a preliminary labor agreement two weeks ago, and 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 to diversify their logistics networks. This aligns with the white paper’s findings, which reveal a heavy reliance on over-the-road trucking, used by 87% of survey participants.Union leaders criticize precision scheduled railroading. The implementation of precision scheduled railroading (PSR) has contributed to dwindling morale and could result in creating unsafe working conditions should the federal government withhold intervention, according to union witnesses at a June 20th Congressional hearing …Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark …

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.

An Elite Transit spokesperson wrote in an email to FreightWaves that “there are still employees” working at the freight brokerage. After initially firing the majority of Elite Transit’s remaining workforce via Microsoft Teams on Nov. 3, which ex-employees stated was around 65 employees, Johnson kept on around 10-12 employees.

FreightTech Awards. The FreightTech Awards: Top Innovators as Voted by the Industry honor innovation and disruption within the industry. Nominations are narrowed down to the FreightTech 100 which is then voted on by a hand-picked peer group of CEOs, industry leaders and investors actively investing in freight to select the FreightTech 25. The recent shutdown of Convoy, a digital freight brokerage established in 2015, shows that. Convoy enjoyed all the trappings of a runaway tech success. Its two co-founders, Dan Lewis and Grant Goodale, had Amazon and Ivy League credentials. Convoy counted Jeff Bezos, Bill Gates and (bizarrely) Bono among its investors.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 to diversify their logistics networks. This aligns with the white paper’s findings, which reveal a heavy reliance on over-the-road trucking, used by 87% of survey participants.An Elite Transit spokesperson wrote in an email to FreightWaves that “there are still employees” working at the freight brokerage. After initially firing the majority of Elite Transit’s remaining workforce via Microsoft Teams on Nov. 3, which ex-employees stated was around 65 employees, Johnson kept on around 10-12 employees.2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).(Frieght Waves) As freight railroads move to digitize their processes, rail companies are also looking into safeguarding their systems against hacking and ...5 min. Mixing up the difference between a freight market suffering from low rates and rejection rates and one in which volume is relatively robust remains a feature of the current shipping environment. That is one of the takeaways from the September edition of FreightWaves’ State of Freight webinar, on which Director of Freight Market ...

Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-funded freight forwarder, to acquire Convoy, a freight brokerage that shut down on Oct. 19. “Flexport’s strategy will be to offer a full range of trucking services to …FreightWaves SONAR: Net changes in total trucking authorities have logged negative weekly figures consecutively for about a year, but capacity continues to outstrip volume. Carrier sentiment: A market in search for equilibrium. Current sentiment among North American freight carriers reflects a sector searching for stability in Q4 2023, with …3 min. U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days. This marks the third Worker Adjustment and ...Senior Editor, Frieghtwaves. January 12, 2022 (Source). Photo From MOTOA Group. "Asia-US West Coast prices (FBX01 Daily) ticked up 2% to $14,924/FEU. This rate ...FreightWaves’ Rachel Premack wrote an article on Wednesday outlining her experience attending a truck driver training conference in Corpus Christi, Texas, by the National Association of Publicly-Funded Truck Driving Schools (NAPFTDS). Premack sought to get more information on a fundamental disagreement in trucking that involves …12 min. A large, regional feeder airline for UPS and other overnight express carriers last week tentatively committed to buy 20 remote-controlled cargo planes, with a novel design, for middle-mile deliveries. Ameriflight, which flies 156 small turboprop aircraft daily to more than 200 destinations in the U.S. and the Caribbean, signed a letter ...

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’ price, demand, and capacity data allow customers to benchmark, analyze, monitor, and forecast the global physical economy.Maersk — which pre-reported record Q2 2021 results on Monday — estimated that global container shipping demand was up only 2.7% in the second quarter versus the same period two years ago, prior to the pandemic. And yet, Maersk’s average freight rate (including both contract and spot business) was $3,038 per forty-foot equivalent unit, up ...

Subscribe to our Classic Newsletters Newsletters that never seem to go out of style. Freightwaves Tech Newsletter (Tuesday | Weekly) Stay up to speed on the latest technology and trends impacting the freight industry with this weekly newsletter. Air Cargo Newsletter (Monday | Weekly) Get news, analysis and exclusive insights about the movement ... FreightWaves announced on Wednesday the latest FreightTech 100 — a selection of the most innovative companies in the freight technology space. This is the fifth annual iteration for the award. Over the past few months, FreightWaves has received more than 1,500 nominations for 423 companies. Each of these was considered in an internal …A Flourish data visualization. FreightWaves targeted the survey at owner-operators from Feb. 9-17 and heard from roughly 120 carriers in all. More than three-quarters of those identified as owner-operators, and another 6.7% answered “no, but I was for part of 2022.”. Only results from current owner-operators were considered in the …Freight brokers are a vital asset to organizations. They help with securing carriers for your business in a cost-effective and rapid manner. In the event that there is a problem with the carrier, a freight broker will step in and act on your behalf. They help productively optimize your business’ transportation and cargo needs.A Flourish data visualization. FreightWaves targeted the survey at owner-operators from Feb. 9-17 and heard from roughly 120 carriers in all. More than three-quarters of those identified as owner-operators, and another 6.7% answered “no, but I was for part of 2022.”. Only results from current owner-operators were considered in the analysis.FreightWaves was created at a time when freight brokerages morphed from a small part of the industry to a dominant force. FreightWaves owes a lot of our success to this reality. But much of the brokerage industry’s growth has been fueled by financing structures, such as venture capital (VC) and asset-based lines of credit. ...1 thg 2, 2021 ... What the Truck?!? What The Truck Podcast. Produced by: Dooner, Frieghtwaves. Apple Podcast Rating: 4.5 out of 5.0. What to Expect: WHAT THE ...

FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our …

Trucking company 10 Roads Express has laid off 66 workers at its facility in Fort Worth, Texas, citing the cancellation of postal contracts. The layoffs, which occurred Oct. 16, affected 55 truck drivers, four dispatchers and seven mechanics, according to a recent filing with the Texas Workforce Commission. “The company gave affected ...

F3: Future of Freight Festival. Chattanooga, Tennessee—the heart of Freight Alley and home to FreightWaves—will come alive once again with the largest festival in freight November 7-9, 2023. The second annual F3: Future of Freight Festival will converge in the Scenic City at the Chattanooga Convention Center, bringing together experts ...FreightWaves | 147,272 followers on LinkedIn. The World's Freight Market Forecasting and Analytics Platform | FreightWaves is the most trusted provider of global supply chain market intelligence.Brokers said that double brokering has been around since shippers started relying on brokerages to find trucks to haul their freight. Most agree that it’s legal as long as the shipper consents to the arrangement and the carrier hired to haul the load is also privy to the details and is paid. However, freight brokers also agree that double ...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.INSW operates 42 vessels (including two floating storage units) totaling 7 million deadweight tons (DWT) and has a current market capitalization of around $880 million. For the latest on IMO 2020 and other key issues, FreightWaves sat down for an interview with INSW CEO Lois Zabrocky at her company’s midtown Manhattan …FreightWaves SONAR: Net changes in total trucking authorities have logged negative weekly figures consecutively for about a year, but capacity continues to outstrip volume. Carrier sentiment: A market in search for equilibrium. Current sentiment among North American freight carriers reflects a sector searching for stability in Q4 2023, with …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.The NRF and Port Tracker previously predicted full-year imports for the ports it covers of 22.3 million TEUs. On Tuesday, it pared that forecast slightly, to 22.1 million TEUs — still up 1.5% and 2.3% from the pre-COVID years of 2018 and 2019, respectively. (Chart: FreightWaves based on data from NRF/Port Tracker)Aug 30, 2023 · FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. The last time China conducted live-fire exercises around Taiwan, in 1995-1996, commercial shipping traffic using the strait and trade with Taiwan was far less significant. Any escalation of tensions would create yet another major threat to global supply chains. If the strait were ever closed to commercial traffic, it would be a negative for ...

The Panama Canal water-level crisis would be having a greater effect on U.S. farm exports if outbound volumes were higher. Canal restrictions are coinciding with a period of reduced American exports, due to both lower crop production and low water levels in the Mississippi River. USDA data on inspections of agribulk export cargoes shows year-to ...Why FreightWaves expanded into publishing industry news In its earliest days, FreightWaves didn’t employ any journalists, but Fuller noticed that the trade press was not doing a good job of explaining how traditional freight companies were being overshadowed and outmaneuvered by the growing tech industry, especially as companies like Amazon ...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.Today’s rate wars may seem amplified compared to the 2020-22 cycle when pandemic-related delivery volumes spiked hard and carriers had the effective run of the pricing table. In contrast, delivery demand today is quite soft, mirroring the broader goods-ordering weakness pervading the general economy. Parcel carriers invested billions of ...Instagram:https://instagram. kiqswing trading options strategiesphmixforex trading university course Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark …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. daymark wealth partnersblok etf holdings Today’s rate wars may seem amplified compared to the 2020-22 cycle when pandemic-related delivery volumes spiked hard and carriers had the effective run of the pricing table. In contrast, delivery demand today is quite soft, mirroring the broader goods-ordering weakness pervading the general economy. Parcel carriers invested billions of ... difference between dental insurance and dental plan GlobalX Airlines defies cargo trend with fleet strategy. Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft. American Shipper. Air Cargo. Eric Kulisch Wednesday, November …If you need immediate support, please click here to submit Help Ticket or Chat with a Customer Service Representative. If you have a press release that you’d like to submit for editorial consideration, please email directly to [email protected]. If you have a privacy related issue, please email us directly at [email protected] ...