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Eric is the Supply Chain and Air Cargo Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, …Frieght Waves, June 2020. Tom D'Amore Recognized as a Runner-Up for Lawyer Of The Week by American Lawyers Litigation Daily. Law.com, May 2020. Record jury ...4 min. Pilots at FedEx have authorized union leaders to call a strike, once allowed under federal law, if negotiations with the parcel logistics company fail to produce a satisfactory contract. The Air Line Pilots Association (ALPA) said Wednesday that the motion to support a strike passed with 99% of support, with nearly all of the membership ...Dec 9, 2022 · Electric trucks cost two or three times a new diesel’s price tag of $125,000 to $150,000. The overall cost falls later through less maintenance and part replacements. Federal and state incentives dramatically reduce the up-front outlay, but then there’s the question of charging.

FedEx, being a global leader in logistics and as a company known for its eagerness to innovate and stay ahead of the curve, has joined Blockchain in Transport Alliance (BiTA). FedEx has its reasons to keep a tab on technologies that can usher greater transparency and data security to logistics processes. The company comes into the …2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).Eric is the Supply Chain and Air Cargo Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, …

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 …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 ...

27 thg 3, 2023 ... Eric Kulisch, an author at reporting agency FrieghtWaves, was told FedEx is offering to relocate the technicians to Indianapolis. Kulisch ...Apr 4, 2023 · The April 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. Truckload market provides head ... 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 …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 SONAR’s price, demand, and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor, and forecast the global physical economy.

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 …

To underscore the fragile state of trucking, FreightWaves CEO Craig Fuller pointed to a development from this past weekend — a small Iowa bank that appeared to be overly exposed to commercial trucking and was taken over by regulators. “The [Federal Deposit Insurance Corp.] saw that it was underwater on its loans and seized it because it …

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. Data from FreightWaves SONAR presented during the webinar showed that the net reduction in the number of approved authorities has been relatively muted given the weakness of the market. The market is not ready to bounce back, Fuller said. “This is the reason the carriers feel the way they do. It is much more painful than what it was during ...Carrier’s tonnage should inflect positively soon. Old Dominion reported a 6% increase in shipments from July to August. (Photo: Jim Allen/FreightWaves) Operating metrics for less-than-truckload carrier Old Dominion Freight Line saw a sharp inflection in August when compared to July. The company attributed the change to the shutdown of Yellow ...Visit us at freightwaves.com and on LinkedIn, Facebook and Twitter. FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading …5 min. According to two change of operations requests, less-than-truckload carrier Yellow Corp. has begun the process of consolidating terminals in its Western network. The company seeks to consolidate 20 YRC Freight and Reddaway facilities and close nine. An accompanying letter to the Teamsters and its negotiating group is asking …FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze ...

Photo: Jim Allen/FreightWaves. An online auction is slated for Tuesday to sell the assets of Minnesota-based Twin Express Inc., which had a reported 72 power units and 73 drivers, after the trucking company defaulted on a $19 million loan. The move comes nearly three months after Judge Jamie L. Anderson in Hennepin County District Court in ...Listen to this article. 6 min. A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week. Judge Michael Barrett of the U.S. District Court for the Southern District of Ohio issued ...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. He also is a trucking industry veteran, …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 …Get the latest breaking news and stay on top of the stories that matter most. CLICK HERE FOR FULL EXPERIENCE Available on your favorite devices LEARNTo underscore the fragile state of trucking, FreightWaves CEO Craig Fuller pointed to a development from this past weekend — a small Iowa bank that appeared to be overly exposed to commercial trucking and was taken over by regulators. “The [Federal Deposit Insurance Corp.] saw that it was underwater on its loans and seized it because it …Sep 26, 2022 · FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.

This monthly report analyzes the current state of the freight market based on critical insights from our SONAR platform. The theme for October explored the disconnects between rate and volume in the freight market. All insights are provided by FreightWaves’ Craig Fuller, Founder and CEO, and Zach Strickland, Head of Freight Market Intelligence.A captain who works 40 years at FedEx can expect to make slightly more than $20 million in pay, benefits and retirement over his or her career compared to the industry average of about $18.8 million, according to analysis by aviation analyst Kit Darby. But the total compensation now lags Alaska Airlines, Hawaiian Airlines, Delta Air LInes ...

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 ...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...Drivers for Sunset Logistics were inspected 184 times and six were placed out of service, resulting in a 3.3% out-of-service rate. The national average is nearly 7%. The company’s insurance is slated to be canceled Nov. 4, according to FMCSA’s data. Over the past 24 months, its trucks have been involved in three injury crashes and 15 towaways.7 min. Former employees and truck drivers for FreightWorks LLC claim the Rutherfordton, North Carolina-based truckload carrier violated federal law by failing to give a 60-day advance notice of a planned shutdown before firing nearly 200 workers on March 6 . The two named class representatives, Martin Oshea and Misty Chapman, along with 18 ...Forecast. Using SONAR, you can project freight rates, fuel, operating costs, equipment values, and market activity—for the next 24 hours and all the way up to a year. SONAR’s comprehensive and high-frequency data from across global freight markets is combined with the most comprehensive forecasting tools in the industry, providing users ...According to load board Truckstop.com, marketplace fraud increased 400% from the fourth quarter of 2021 to the fourth quarter of 2022. This is the highest level the industry has seen since the tracking of fraud reports began in 2004. DAT told FreightWaves on Friday that it is aware of the post shared on X and appreciated the post.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. He also is a trucking industry veteran, …

5 min. Alaska Air will take over cargo transportation for e-commerce giant Amazon when it concludes a deal announced Sunday to acquire Hawaiian Airlines in a stock-and-debt transaction worth $1.9 billion. Whether the Amazon transportation services agreement is eventually modified is unclear, but Alaska’s CEO said it could spur further ...

27 thg 3, 2023 ... Eric Kulisch, an author at reporting agency FrieghtWaves, was told FedEx is offering to relocate the technicians to Indianapolis. Kulisch ...

Supply Chain Events & Logistics Conferences. Join us for the latest insights on emerging issues and trends within the transportation industry. Our FreightWaves TV events and freight conferences give you the opportunity to make connections, stay up-to-date and prepare for what lies ahead. Get started by exploring upcoming FreightWaves events ...28 thg 3, 2023 ... According to Frieghtwaves, the growth of the expected logistics market for reefer-dependent pharmaceuticals will be tremendous. “The global ...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.(Frieght Waves) As freight railroads move to digitize their processes, rail companies are also looking into safeguarding their systems against hacking and ...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.John Kingston. · Tuesday, September 26, 2023. The key IRS per diem rate is staying steady in the upcoming fiscal year. (Photo: Jim Allen/FreightWaves) Listen to this article. 3 min. The key federal per diem rate for transportation companies will be unchanged in the federal fiscal year that begins Sunday. However, the “high-low substantiation ...So far in 2023, FreightWaves has reported on only seven bankruptcies, a little more than one a month. The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year ...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 …

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 ... 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 ...Apr 24, 2023 · FedEx will shut down pilot bases in Alaska, California and Germany as part of the company’s aggressive campaign to eliminate billions in structural costs by fiscal year 2027 by streamlining operations and networks, FreightWaves has learned. Pilots domiciled in Anchorage, Los Angeles and Cologne Bonn Airport in Germany who fly two older ... 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. Instagram:https://instagram. boeing new aircraftb i t oishares robotics and artificial intelligence etfgerman stock brokers The NRR EV joins Isuzu’s medium-duty Class 3, 4 and 5-s low-cab-forward trucks powered by a 6.6-liter gasoline-fueled V8 engine. Class 4 and 5 N-Series models feature Isuzu’s 4HK1-TC turbo diesel. Class 6 and 7 F-Series models come with the Cummins B6.7 diesel under the cab. The new entries join a crowded field with several startups and ...Nov 13, 2023 · According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%. joe montana 49er jersey1 dollar stock May 15, 2023 · So far in 2023, FreightWaves has reported on only seven bankruptcies, a little more than one a month. The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year ... terex corp 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. 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 ...