Freight wave.

Nov 27, 2023 · A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S. Read More ». John Gallagher Wednesday, November 22, 2023. 4 min. 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 ...Freight trains will keep running during a government shutdown although rulemakings would cease activity. (Photo: Jim Allen/FreightWaves) Listen to this article. 4 min. On the surface, a government shutdown — which can occur if Congress can’t agree on how to handle the appropriations budgets — would have a limited impact on freight rail ...This special FreightWaves subscription service offers unparalleled deep research, analysis and insight on trends and conditions in the freight market. Passport clients have the best holistic transportation research available, based on high frequency datasets and deep networks in the freight industry. Passport provides the most up-to-date ...

Flexport officials last week confirmed plans for layoffs, with internal sources saying that up to 30% of personnel could be let go. It is the second time this year that Flexport has laid off 20% of its workforce. The new cuts represent about 600 employees in a company with approximately 3,200 people. Petersen has characterized his return as …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 15 ...Data: FreightWaves calculations based on ACP FY 2022 and FY 2023 transit data) That historical container-ship average is right at the Feb. 1 limit for total Neopanamax reservation slots (for all ship types) — and it’s just an average, meaning that on many days over the past two fiscal years, there were more than five container ship transits through …

Jan 17, 2023 · Consulting firm FTR Transportation Intelligence expects rail intermodal to face a tough year in 2023 amid weaker demand, a competitive truck market and a shift in U.S. port activity away from the West Coast to East and Gulf ports that utilize shorter inland hauls. All of the rail intermodal segments — domestic and international — “are ...

If you aren’t building interest in 30 seconds with your freight broker sales pitch, then it’s not the amount of content, it’s the quality of content. For emails, a good rule of thumb is 120 to 140 words in length. Anything over 140 words and you start to lose the reader with a wall of words. Remember, cold emails are about selling the ...As one of the largest freight forwarders in the United States, UPS has been a leader in supply chain management solutions since being founded in 1907. UPS delivers more than 25 million packages per day and serves over 220 countries and territories. UPS has the reach you would expect of a leading freight forwarder. Best For: Managing …Shipping brokers work as intermediaries between shippers and carriers. The broker does not own the goods in need of transportation nor do they have a transportation company to move the goods. They simply work with the two parties to reach favorable terms and contracts between the two. The freight industry is complex and growing rapidly …Freight allowed describes an agreement between a buyer and a seller, in which the buyer pays for the cost of shipping, and the seller deducts this from the invoice. This means that the obligation of the seller is to ensure that the goods ar...

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 ...

Daily Infographic: CVSA releases 2023 Brake Safety Week results. Brandon Cafferky. · Thursday, November 16, 2023.

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.FreightWaves will be bringing the F3: Future of Freight Festival to its home city of Chattanooga, Tennessee, on Nov. 8-10. Several thousand freight executives, supply chain leaders and industry stakeholders are expected to descend on Chattanooga – named one of America’s most livable cities – for the in-person event, which will take place ...State of Freight Insights; The Future of Freight; Startups; Global Supply Chain; FreightWaves Classics; Blockchain News & Updates; Risk & Compliance. Legal …A New Realm of Performance and Operations Management. FreightWaves Supply Chain Intelligence is the tool your business needs to create the optimal logistics framework. SONAR customers that leverage SCI reduce transportation costs by 4-10% and increase compliance with confidence through the industry’s most advanced benchmarking tool. 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...FreightWaves is the leader in non-biased, user-generated reviews and feedback to help carriers find the best technology partner for their fleet. Konexial is honored to be a …Air Canada remains committed to growing its startup freighter division despite canceling an order with Boeing last month for two 777 freighters, said CEO Michael Rousseau on Monday. Air Canada (TO: AC) reported a 24% drop in third-quarter cargo revenue compared to the same period last year, to $155.5 million (CA$215 million), due …

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 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 generally positive momentum for charter rates comes against a backdrop of fairly tepid container freight rates. The Freightos Baltic Daily Index (China-North America), covering the trans-Pacific trade, is down 10 percent from May 1 and has been relatively flat throughout this month after its plunge and quick recovery in late May.Cummins Inc. is retiring two legacy powertrains and introducing a new 10-cyliner engine to replace them. (Photo: Cummins) Cummins Inc. will retire its L9 and X12 legacy engines, replacing them with a new X10 engine capable of powering medium- and heavy-duty trucks on a variety of fuels. The move is consistent with Cummins’ plan to …project44’s new Extended Ocean Visibility solution can merge data streams from customers’ carriers and freight forwarders to deliver a single source of truth for inventory in transit, eliminating costly blind spots and delivering visibility from door to door. Since Movement connects shipments to orders with SKU-level granularity and custom ...4 min. WASHINGTON — The Biden administration has finalized a rule requiring each state to track and monitor greenhouse gas emissions from vehicles despite opposition from some states and road and bridge builders. The new rule, which generated close to 40,000 comments after it was formally proposed in a notice of proposed …

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. Read More » Clarissa Hawes Friday, October 27, 2023 ‘Fraud, theft and abuse’ force Texas freight brokerage ...Data: FreightWaves calculations based on ACP FY 2022 and FY 2023 transit data) That historical container-ship average is right at the Feb. 1 limit for total Neopanamax reservation slots (for all ship types) — and it’s just an average, meaning that on many days over the past two fiscal years, there were more than five container ship transits through …

In line with pre-COVID volumes. On Tuesday, Descartes reported that February imports to all U.S. ports totaled 1,734,272 twenty-foot equivalent units. That’s down 16.2% from January, 25% year on year and 0.3% versus February 2019, pre-COVID. Imports from China were particularly weak, given COVID issues and the Lunar New Year break.Jun 7, 2022 · 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. J.H. Walker Trucking has operated in Houston as an expedited oilfield transportation provider for over 30 years. The carrier utilizes everything from pickup trucks to cargo vans to 48-foot flatbed tractor-trailers to transport goods. Walker said his company operates over 200 trucks, delivering 700 to 800 average loads per day.Despite these developments, Edgar believes that it will most likely be a decade or more before drones of this size will be carrying freight. Edgar’s Empire Unmanned was the eighth company to receive an FAA drone exemption when the government put in place regulations prohibiting the commercial use of drones outside the …Load boards for brokers are an all-in-one service for the freight marketplace. Load boards facilitate a freight broker’s role to efficiently locate freight carriers. For a freight broker, a load board is a one-stop-shop to locate carriers, build relationships with dispatchers, and create their own reputation within the industry.FY 2012-2023. Average per-mile spot rates for trucking fleets have hit $1.54, down 11.6% from 2022 and 34.4% from 2021, according to the FreightWaves National Truckload Index. At the same time, the costs of fuel, replacement parts, insurance and other key inputs have soared.Nov 16, 2023 · Less than Truckload (LTL) Stay Up to Date on the LTL Industry. Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility ... 15 de out. de 2023 ... ... play this video. Learn more · Open App. I Beat Hidden Wave in Freight Fright, Here's How: 475 views · 1 month ago ...more. cliche. 3.27K.

6 min. The bankruptcy estate of former retail giant Bed Bath & Beyond (BBBY) continues its relentless pursuit of shipping lines for alleged damages suffered during the supply chain crisis. It has already filed $31.7 million in claims against Hong Kong shipping line OOCL and $7.7 million in claims against Taiwan’s Yang Ming.

What is spot freight? Most freight agreements involve a long-term contract to move the same cargo on a set schedule for 12 to 24 months. However, with spot freight, a shipper gathers several quotes and then picks the best one to transport a single shipment. Shippers might strike this agreement a few weeks or even months before the shipment ...

Request a SONAR Demo. Benchmark, analyze, monitor, and forecast your transportation spend with SONAR. Leverage industry leading data on rates, volumes, and capacity to reduce your transportation costs and avoid potential risks to your supply chain. In addition to the fastest, most comprehensive global supply chain data available on the market ... 26 de out. de 2018 ... The reports summarise 9 waves of research that are part of the Future of Transport programme, which aims to shape transport innovation and ...Nov 24, 2023 · Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe downturn than expected. Surge booked $135 million in gross revenues during one period in 2023, according to its bankruptcy filing. That same period last year, Surge posted $200 ... 22 de jul. de 2022 ... It was a never before seen historic two days at Ma'alaea freight trains! Some of the best and biggest waves in the past 20 years peeled ...A freight truck is a powerful specialized vehicle that transports goods from one place to another. All freight trucks have two major components, the truck tractor in the front, where the engine and cab are located and a trailer where the freight is stored. Freight trucks are driven by truck drivers who hold a Commercial Driver’s License (CDL ...Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more …Nov 27, 2023 · 7 min. The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. In announcing the plan Monday, White House officials said the strategy of using both domestic tools and international partnerships can help diversity and strengthen the U.S. supply chain. What is spot freight? Most freight agreements involve a long-term contract to move the same cargo on a set schedule for 12 to 24 months. However, with spot freight, a shipper gathers several quotes and then picks the best one to transport a single shipment. Shippers might strike this agreement a few weeks or even months before the shipment ...Samsung 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...As we come closer to the end of 2023, it makes me reflect on the past 12 months. And although the initial reaction might be that there has been a lot of negative news and events in the logistics industry such as strikes, bankruptcies, security incidents, weather events, etc., there are also many positive things that occurred in the last year.

Wave BL for. Ocean Carriers · Become a leader in your industry! · THE NEED.The December 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. The truckload market is ...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 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 ...Quicklook: best load boards for truckers. Best for specialized vehicles or loads: Truckstop. Best for last-minute loads: Uber Freight – Find Loads. Best for free load board: TruckSmarter. Best for expanding companies: Convoy – Find Loads. Best for cost value: 123Loadboard – Find Loads. Best for customized features: Direct Freight – Find ...Instagram:https://instagram. ddog competitorstech stocks cheaptop boat insurance companiesvoov etf Are you in the market for new furniture? Look no further than American Freight. With a wide selection of quality pieces at affordable prices, American Freight is the go-to destination for all your furniture needs. v.o.ogoldman sachs dividend However, the shipper is not solely responsible for delivering the goods to the consignee. Once the shipper transfers the freight to the carrier, the transporting entity then assumes liability and ownership of the cargo. If the cargo is damaged, delayed, or lost while in transit, the carrier will often be responsible for absorbing these costs. dedes store Trimble acquired Kuebix for $200 million in 2020 to gain access to its network of more than 21,000 shipping companies. (Photo: Jim Allen/FreightWaves) Nashville,Tennessee-based FreightWise has acquired transportation management system software provider Kuebix from Trimble Inc. The acquisition was announced Thursday and …FreightWaves is the leader in non-biased, user-generated reviews and feedback to help carriers find the best technology partner for their fleet. Konexial is honored to be a FreightWaves Trusted Partner and to showcase the benefits of edge computing technology and our live supply chain™ ecosystem. As one of the industry's largest neutral ... The FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, is still securing its footing. Over the past week, the TRAC rate was left unchanged at $2.31 per mile — still some distance from its year-to-date high of $2.39.