Frieghtwaves.

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 ...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 …Frieghtwaves Dude! Where's my trailer? Outrider can find it. April 27, 2023. Dude! Where's my trailer? Outrider can find it. Startup adds inventory tracking to ...Marvin Keller Trucking, 115 drivers. FreightWaves’ Clarissa Hawes reported that Illinois-based Marvin Keller Trucking filed for Chapter 11 bankruptcy on April 22. The company was established in 1965 and, according to a Federal Motor Carrier Safety Administration database, remains in business.

Todd Maiden. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations ...He can be reached for comments and tips at [email protected]. The White House recently publicized Flexport for facilitating purchases of sustainable aviation fuel because of the California connection to Asia-Pacific trade and sustainability, although the program isn’t particularly novel.

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.Jun 27, 2021 · 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 ...

Sep 9, 2023 · 4 min. Nikola Corp. is asking dealers and customers to return battery-electric trucks under recall for possible battery fires to its Coolidge, Arizona plant despite the company still working on a fix. “We’re bringing them back to Coolidge for repairs to be made instead of in the field,” spokesman Dan Passe told FreightWaves in an email ... 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.17 thg 5, 2023 ... Thomas Wasson, with FrieghtWaves, said the bar is used to secure loads, usually flatbed trailers. He said there is a place to put the bar ...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 …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 …

Stay Up to Date on the Truckload Industry. Truckload shipping refers to the movement of freight in the amounts necessary to fill an entire semi-truck or intermodal …

Todd Maiden. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations ...

Oct 15, 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. It is hosted by Joe Lynch, who talks with logistics and supply chain leaders about innovation, industry trends and the future of the logistics business. On a recent episode, Lynch spoke with Adam Robinson, Vice President of SONAR Marketing at FreightWaves. Request a SONAR Demo. Lynch said, “When Adam worked at Cerasis, I worked at a 3PL and ... Quicklook: Best truck dispatch software. Best for small to mid-sized carriers: Truckbase. Best for third-party logistics (3PL) companies: Trimble Inc. Best for small to mid-sized brokers: ITS Dispatch by Truckstop.com. Best for full fleet management and FedEx contractors: TruckSpy. Best for new or small trucking companies: TruckingOffice.In August 1997, the Teamsters walked off the job across UPS Inc.’s nationwide ground system. With an all-Teamsters labor force and no plans to call in replacement workers to deliver goods, UPS shuttered its massive ground network rather than risk permanently damaging its reputation with customers. The strike lasted 15 days, sending an ...F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! Please note, we have recently updated this website and your password may have changed. If you have trouble logging in use "Forgot Password" and your emailbe a part of the movement. request media kit. Advertise your company with FreightWaves.com or AmericanShipper.com to target the transportation, logistics, or …

A FreightWaves analysis of the Postal Service’s top suppliers reveals that the agency’s reliance on brokers has boomed in the past nine years. The Postal Service counted three brokerage firms among its top 150 suppliers in fiscal year 2013, totaling $85 million. By fiscal year 2021, at least 11 firms that primarily provide brokerage ...Jan 29, 2023 · In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ... 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.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 ...Refrigerated supply chains have helped keep this country supplied with vital grocery items throughout the pandemic of 2020. Because of the dedication of every participant along cold chains, grocery stores have remained stocked and plentiful, helping millions of struggling Americans to stay fed and safe. At the Cold Chain Summit, we’ll examine ...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 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 ...

New York — The RailTrends conference for 2023, last week’s gathering of many of the industry’s operating executives as well as those who finance, analyze or try to sell goods and services to the sector, had a cautiously optimistic tone that rail may soon be able to start to snag some market share from the trucking industry. It’s not a meeting at …

According to FrieghtWaves’ 10-year model, traditional freight brokerage gross revenue is predicted to climb from $61.4 billion in 2018 to $89 billion by 2028. The net revenue compound annual growth rate estimate is 6.9% over the 10-year forecast. As revenue grows, and the perception remains that becoming a freight broker agent has a …Mar 8, 2023 · 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 ... 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.J. B. Hunt 360º Party. Join us June 21-22, 2023, at the Huntington Convention Center in Cleveland, Ohio to learn first-hand how companies are digitally transforming the management of their supply chains. Explore the latest technology, newest applications, trends in education and continuing evolution of the overall supply chain–it’s an ...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] ...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 ... Jun 27, 2021 · 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 ...

Oct 1, 2021 · As FreightWaves wrote in August, reciprocal switching occurs when a shipper has access to one freight railroad but wants access to a nearby competing freight railroad in order to cultivate a competitive pricing environment. A shipper can get that access at an interchange between the two railroads. Shippers contend that reciprocal switching ...

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’ 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.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 ...Those executives told FreightWaves the company was struggling to meet payroll even after the sale to a private equity company. New England Motor Freight’s shutdown in February shook the Northeast LTL market. With roots going back 100 years, the nation’s 19th-largest LTL carrier with more than 1,300 drivers had struggled financially for …FrieghtWaves, 2018. The Logistical Dance That Gets All Those. Flowers To Market In Europe … and Elsewhere. Available online at: https://www.freightwaves.com ...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 …Quicklook: Best truck dispatch software. Best for small to mid-sized carriers: Truckbase. Best for third-party logistics (3PL) companies: Trimble Inc. Best for small to mid-sized brokers: ITS Dispatch by Truckstop.com. Best for full fleet management and FedEx contractors: TruckSpy. Best for new or small trucking companies: TruckingOffice.Sep 3, 2023 · FreightWaves is currently working with some two dozen shippers on freight rate indexing to help them prepare for a tighter 2024 bid season. All of the charts presented are available on SONAR, the high-frequency freight market intelligence platform empowering businesses in the supply chain. 2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).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 ...FreightWaves LIVE. FreightWaves LIVE: Events Podcast. Trucking. Wanna succeed as a small carrier? Get to know your neighbor. The pandemic hype about $4-per-mile truck rates lasting forever crashed to earth in the past year, leaving disillusioned small carriers looking to get out. Read More ». 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 …

FreightWaves Passport delivers clarity in an era of data overload. More than ever, speed and timing are keys to success, and weeding through extraneous information wastes valuable time. Passport eliminates the noise of daily news, data, updates and outlooks by providing relevant research and insights specific to your industry sector.Atlis Motor Vehicles has raised $32.6 million from nearly 29,000 individual investors en route to going public in the next few months. (Photo: Atlis Motor Vehicles) Atlis Motor Vehicles is trying to disrupt the electric work truck market by developing its own chassis and the batteries and motors to drive it. And it is taking a disruptive path ...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. Instagram:https://instagram. 6 mo treasurytop 10 growing stocksacorn stockvanguard federal money market interest rate 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 ...Jul 18, 2023 · The Teamsters union has threatened to strike by Monday if this is not resolved and the pension contributions remain in default. The company owes $50 million, a large sum for a company in financial distress. Yellow currently has in excess of $100 million in cash reserves, according to an 8-K filed on July 7. If a strike comes to pass, this would ... fidelity transfer stock between accountstesla earnin 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 … msft dividend date FedEx is using its time-critical Express network to support delivery of the Pfizer vaccine. (Photo: Jim Allen/FreightWaves) FedEx Express (NYSE: FDX ) and UPS (NYSE: UPS) trucks departed Pfizer Inc.’s (NYSE: PFE) sprawling manufacturing facility in Portage, Michigan, on Sunday morning loaded with COVID-19 vaccines packed in dry ice …Oct 15, 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.