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For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this ...7 min. A letter obtained by FreightWaves shows less-than-truckload carrier Yellow Corp. is seeking to defer health and welfare as well as pension contribution payments for the next two months. A Friday letter penned by Yellow Chief Financial Officer Dan Olivier is asking for a deferral for plan contributions for the months of July and August.WebSep 18, 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 ... The FreightWaves executive team has over 75 years of freight experience, founded or helped build 10 start-ups, raised over $1 billion in private capital and completed over $5 billion of M&A. The team’s experience spans every area of the supply chain, helping the company create unique solutions for the freight community. ... Fuller is the ...Loaded and Rolling: Trucking turnover and retention debate rages on. 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 ...

See all of FreightWaves’s headline news. Compare how the top news stories are covered by left-wing and right-wing news sources. We’ve discovered 2,780 headlines written by FreightWaves during the past 3 months. Ground News rates FreightWaves’s media bias as unknown.Strong fundamentals in the less-than-truckload market, marked by considerably higher yields, combined with a companywide restructuring drove a net profit at Yellow Corp. during the third quarter. Yellow ( NASDAQ: YELL) reported earnings per share of 16 cents compared to a net loss of 4 cents per share a year ago.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.

Oct 13, 2023 · Push to reshore US manufacturing motivated by global supply chain issues. Rosemary Coates, executive director of the Reshoring Institute, offers insights into supply chain issues during a keynote address Thursday at the FreightWaves F3: Future of Freight Festival. Read More ». Noi Mahoney Wednesday, November 2, 2022.

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. 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 ...U.S. import numbers confirm that at least some of this rate gain is demand-driven. On Monday, Descartes reported that U.S. ports imported 2,196,268 twenty-foot equivalent units in August, up 0.4% from July and 5.5% from June. This August’s volumes were 2.5% higher than volumes in August 2019, pre-COVID. (Chart: Descartes.Jul 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 ...

Cargo revenue at public passenger airlines and logistics companies, which serves as a proxy for financial conditions at Amerijet, was down 30% to 50% through the third quarter versus the nine-month period a year ago. Many cargo airlines have hit the brakes on adding new or converted freighters and reduced flight activity to manage costs.

Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then.

Wednesday, February 24, 2021. 0. In last week’s Passport intermodal weekly, we discussed the very visible impact that the snowstorm in the central states was... Read more. 1 2 … 9. Stay up-to-date on your #1 source for the latest transport, freight and logistics news from FreightWaves. They were each charged with four counts of wire fraud, each punishable by up to 20 years in prison. Some defendants were indicted on three counts. Officials said the “pervasive corruption” cost Polar Air Cargo $52 million and touched nearly every aspect of the airline’s business between 2009 and July 2021. A 10th individual was indicted ...WebHere you’ll find stories about supply chain professionals who are modernizing their operations, the technologies enabling the change, and best practices you can apply …FreightWaves 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.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 CEO as one of righting a ship taking on red ink because of excess spending. He is focusing on driving growth in the core forwarding ...

If you are expecting a package from FedEx, it is important to be able to track its progress and know exactly when it will arrive. With the convenience of online tracking, you can easily keep tabs on your shipment from the comfort of your ow...You may have heard about freight shipping, but you weren’t exactly sure exactly what it meant. How did it differ from regular shipping? Is it more expensive, or is it cheaper? Check out below for information on what freight shipping is and ...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...TOP THREE TRENDS WORTH NOTING FOR Q1 2023. 1. Spot Market Rates. While we did see spot market rates increase slightly over the holiday season, we are now seeing normalization in Q1 against the high rates of last year, with spot rates continuing to decrease, and riding under contract rates. Tender rejections remain historically low, …WebOct 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. 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 ...

Oct 18, 2023 · Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of $260 million in a Series ... In addition, FedEx Express, the company’s air and international unit, will implement a new U.S. network design for pickup and delivery services. That will save $300 million annually once it is fully implemented, said Raj Subramaniam. The moves are part of a global initiative to integrate Express’ ground delivery operations, Subramaniam told ...

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 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 ...Of the 135 total markets, 75 reported weekly increases as freight demand stirs across the country. Volumes are up in the majority of Texas’ markets. Freight demand in Dallas, the third-largest market in the nation by outbound volume, is up by 4.6% w/w. Freight volumes in McAllen, an important cross-border market with Mexico, are up 28% w/w.June 28: More than 60 small trucking companies are collectively owed millions of dollars after Transplus Freight System Inc. (Transplus), a Mississippi-based logistics firm, filed for bankruptcy liquidation in the U.S. Bankruptcy Court for the Northern District of Mississippi. FreightWaves’ Hawes reported the story.FreightWaves SONAR Outbound Tender Volume Index (OTVI) is a measurement of electronic offers from shippers to truckload carriers for the transport of goods. OTVI is an indicator of raw demand for trucking capacity. Truckload freight volume is a barometer for business activity around physical goods required by businesses and consumers.Nov 5, 2023 · Pennsylvania brokerage lays off nearly 65 employees, sources say. 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 ... Minnesota-based Commodity Services Inc. specializes in ag products like potash and sand. Ex-officer manager Vickie Greiner and her son, Brandon Greiner, both of Fairmont, Minnesota, have been charged with stealing over $600,000 from the freight brokerage where they both worked. (Photos: Bill Oxford/Unsplash and Jim …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.Web6 min. Following three attacks on vessels linked to Israel, a container ship operated by Israeli ocean carrier Zim has changed course and is taking the long way around Africa rather than transiting the Suez Canal and passing through the Bab el-Mandeb Strait off Yemen. Ship position data from MarineTraffic shows that the Zim Europe, en route ...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.

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!

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 …

Intentional growth strategies. XPO is continuing to expand its physical footprint to meet customer demand. The company has added more than 500 net new doors to its service centers nationwide since the end of 2021, with the intention of adding a total of 900 net new doors by early 2024. Additionally, it has added 2,000 new tractors and 8,000 …Jul 10, 2023 · As part of the waiver agreement, the lenders will require Yellow (NASDAQ: YELL) to provide its lenders with regular reports on the state of its finances. Beginning Wednesday, Yellow will be required to provide the lenders with a weekly “liquidity report.”. In that report will be the total amount of liquidity at Yellow, including ... Trucking companies have different operating costs, but none of them can survive long on low rates. Throughout this year, truckload spot rates have hovered between $1.50 and as high as $2.10 a mile. Meanwhile, the average breakeven cost per mile for truckload ranges from $1.56 to $1.90 per mile, according to a recent J.P. Morgan study.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.FreightWaves News 4+ Read, Watch and Listen FreightWaves, Inc. Designed for iPad 4.1 • 11 Ratings Free Screenshots iPad iPhone FreightWaves enables companies involved in …Heralded 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 …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.For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this ...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 ... The global supply chain has seen more than its fair share of chaos for well over a year now. From global economic lockdowns and cancellations to historic port congestion as 100% …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...

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.FedEx Freight said in late August that its 2024 GRI would average between 5.9% and 6.9%, 100 bps lower on both ends of the range than the 2023 increase.The new increase takes effect Jan. 1. Since the exit of Yellow, most carriers have seen an influx of freight into their networks, which has pushed analysts to raise estimates heading into …4 min. Amazon’s private airline that outsources cargo flying to third parties has ended its partnership with Silver Airways, a small regional carrier that operated five small ATR72-500 turboprop planes on small feeder routes, FreightWaves has confirmed. Silver Airways, a privately held regional airline based in Fort Lauderdale, Florida, that ...7 min. A letter obtained by FreightWaves shows less-than-truckload carrier Yellow Corp. is seeking to defer health and welfare as well as pension contribution payments for the next two months. A Friday letter penned by Yellow Chief Financial Officer Dan Olivier is asking for a deferral for plan contributions for the months of July and August.WebInstagram:https://instagram. farmland etfesurance motorcyclepaper trading accountscfo of google Combining data streams to combat illicit trade in container shipping. Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data on container movements and a container’s financial streams can help ward off illicit trade. Read More ». Greg Miller Tuesday, October 17, 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 …Web refineries in united statesgerman auto makers Minnesota-based Commodity Services Inc. specializes in ag products like potash and sand. Ex-officer manager Vickie Greiner and her son, Brandon Greiner, both of Fairmont, Minnesota, have been charged with stealing over $600,000 from the freight brokerage where they both worked. (Photos: Bill Oxford/Unsplash and Jim …WebCitizens Bank of Sac City, Iowa, has failed, and it appears that its exposure to commercial trucking is the cause. Citizens Bank was a small state-chartered bank. Its loan portfolio was focused on “commercial and industrial loans,” according to Bank Reg Blog. The blog reported on Nov. 3 that the Federal Deposit Insurance Corporation (FDIC ...Web western alliance The ¥13.2 trillion extra budget is largely aimed at trying to ease the pain of the strongest inflation in decades. Almost 30% of firms surveyed by the Japan Trucking Association in 2022 said they ...Demand keeps capacity tight – FreightWaves NOW. On today’s FreightWaves Now, Zach Strickland examines demand keeping capacity tight in the …