Freight wave news.

The National Motor Freight Classification, also known as the freight class number, of a commodity is typically assigned by a shipping company.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. Lufthansa Cargo profits wiped out in Q3. Eric Kulisch Thursday, November 2, 2023. Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year. Read More. Welcome to the home page of Clay Katzman's automotive newsletter, "Transmission." Subscribe to receive insights on the automotive sector.Just two years after acquiring Kuebix in a $200 million deal, Trimble said it will shut down the transportation management system provider.. Kuebix will be entirely shuttered by the end of 2025 as Trimble pivots to Engage Lane, a recently launched transportation procurement platform, company officials said. “We are pivoting our …

Dooner is an award-winning content producer and host who is currently creating new podcasts, TV shows, newsletters and multimedia for FreightWaves.In under a year he helped build FreightCasts, the world’s largest logistics and supply chain podcast network in media. He is a host and producer on ...In partnership, Talon Logistics and FreightWaves conducted a survey focusing on North American supply chains across diverse industries. This survey revealed an intricate web of preferences, satisfaction levels and emerging concerns that should guide both shippers and logistics providers in strategic decision-making through 2024.

In the trough of the COVID shutdown, we called for a freight bull market – and nailed it. On April 15, 2020, I wrote the blog post “GOOD NEWS: THE FREIGHT MARKET IS ABOUT TO TURN UP.” At the time, the global economy had just shut down, most states had implemented drastic measures to contain COVID and unemployment hit …Canada’s dockworkers strike impacts freight rail operations. As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions. Read More ». Noi Mahoney Wednesday, July 5, 2023.

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.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! 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.Latest Headlines FreightWaves Classics How persistent fraud led to a pitched battle over workers’ compensation Container Shipping Union Pacific to operate international intermodal terminal in Phoenix WHAT THE TRUCK?!? Bidenomics and the freight recession – WTT WATCH FWTV IN HD SONAR High-Frequency Supply Chain Data Trucking Financial Ocean Rail

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 …

The firm titled its June 3 report “Watching the China Freight Wave,” which covered the slowdown in container markets and forewarned about a slowing U.S. domestic freight market. Using the same data, on June 7, FreightWaves wrote an article titled “U.S. import demand is dropping off a cliff.” We saw container flows out of China to the U ...

Check Call (3PL News/Analysis) Loaded & Rolling (Enterprise Fleet News/Analysis) Trending Now. Ocean Cargo; Truckload Index; Events; Value Based; SONAR. Learn More; Request a Demo; SONAR Knowledge Center; SONAR API Explorer; Events. F3: Future of Freight Festival 2023; The State of Freight Webinars; Webinars; …FreightWaves Carbon Intelligence (FCI) enables shippers to quantify the efficiency, cost and carbon impact of their transportation networks. Built inside FreightWaves’ Supply Chain Intelligence platform, Carbon Intelligence is the first network-level carbon solution for transportation and logistics brought to market by an impartial, third-party data provider.Of the 135 markets, 50 reported higher rejection rates over the past week, though 36 of those reported increases of only 100 or fewer bps. Tender rejections did move up in Denver this week, even if not to mile-high heights. Denver’s OTRI rose 388 bps over the past week to 7.31%.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 ...Supply chain data startup FreightWaves has raised $16 million in a new round of funding for its sustainability platform, the company said Wednesday. Subscribe …The latest report, released Friday, revised the September truck transportation total down by 900 jobs, but the August total was cut 5,500 jobs from a month earlier. After all the changes, October’s total truck transportation jobs of 1,578,600 is 30,600 fewer than the high-water mark of May, when the BLS reported 1,609,200 jobs.

1 min. The October 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 ...F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!The founders of shuttered self-driving car startup Argo AI, which was abandoned by Ford Motor Co. and Volkswagen AG, are starting an autonomous trucking business with $1 billion in backing from Japan’s SoftBank Group Corp. “With our proprietary technology and expertise as well as the commitment from our long-term partner in …The Seattle and Tacoma ports saw volumes rise 22% compared to the previous year, reversing a 19-month-long-trend. By Alejandra Salgado • Oct. 25, 2023. More stories. The latest freight news …SONAR is the high-frequency freight market intelligence platform empowering businesses in the supply chain. SONAR provides users with exclusive, near real-time trucking, railroad, ocean, and air freight transportation data and actionable intelligence, as well as the ability to benchmark, analyze, monitor, and forecast your network against the ...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.

The theme for November the freight market conditions and macroeconomic trends. All insights are provided by FreightWaves’ Craig Fuller, Founder and CEO, and Zach Strickland, Head of Freight Market Intelligence. The report’s key topics include: • How freight volumes are factors impacting the industry’s growth. • The evolving role of ...

Apr 7, 2023 · The “partial rivalry” scenario should sound very familiar to those following current developments in ocean shipping, most visibly in tanker shipping, but also in container and dry bulk shipping. Geopolitics is cleaving global shipping systems into two, with the U.S. and EU leading one side and China and Russia leading the other, and some ... 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...Fuller and Strickland noted that during much of 2023, forecasts from the trucking industry — at least from many of the larger public companies — reflected the relatively strong data points used by economists to measure the health of the economy, such as 4.9% GDP growth and low unemployment. However, “that data suggests that …FreightTech is already growing exponentially faster, having climbed from $118 million to almost $3 billion, or a multiple of 25 in five years. Continuing a trend, the Softbank Vision Fund is driving the first quarter 2019 curve, as it led the $1 billion round in Flexport, boosting the online freight forwarding company’s valuation to an ...2 days ago · 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 recovering from a recent dip. Over the past week, the TRAC rate remained unchanged w/w at $2.28 — lingering near its year-to-date high of $2.39. The rise in COVID infections fueled by the omicron variant and bad weather that has forced passenger airlines to cancel thousands of flights is now disrupting operations at FedEx Express. The parcel and freight carrier warned Friday that staffing problems due to rising infection rates among pilots and ground personnel in its air network ...

Dec 1, 2023 · 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 ...

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...

CHATTANOOGA, Tenn. — Despite one of the most unprecedented downfalls in transportation and logistics history, Convoy Inc.’s ultimate legacy is that it shook up the freight industry by bringing technology innovation and investments into the space. Seattle-based startup digital freight broker Convoy announced it was shutting down operations ...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 …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...So IMO 2020 could increase the attractiveness of air freight by making ocean freight more expensive. So that’s the market price issue. Supply and demand issues. On the air freight supply-side, Coldrey reckons that supply has slipped into over-capacity by about 2.7 percent. On the air freight demand-side, demand has fallen by about 4.7 percent.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 ...F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Apr 5, 2023 · Of that total, 58% were inactive because vessels were in shipyards, with only 42% commercially idle. The amount of commercially idle tonnage peaked in mid-February at 850,417 TEUs. As of late March, Alphaliner data showed commercially idle tonnage was down to 606,943 TEUs. That’s a six-week drop of 242,474 TEUs or 29%. 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 new trailers — hailing from its ...Joanna Marsh. · Monday, January 16, 2023. A TRB session looks at what's next for the railroads. (Photos: Jim Allen/FreightWaves) WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that’s through private or public partnerships among other supply chain stakeholders or between the railroads ...

Market deflation — President Joe Biden tweeted on Monday that his economic plan has brought shipping rates to a 25-year low. That same day the new White House Council on Supply Chain Resilience met and released this facts sheet . As many of you readers are aware, we’ve been in an extended freight recession since the spring of ’22.Sep 15, 2023 · The FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, has seen a slowdown in its prior momentum. Over the past week, the TRAC rate fell 1 cent per mile to $2.08 — still some distance from its year-to-date high of $2.39. Demand keeps capacity tight – FreightWaves NOW. On today’s FreightWaves Now, Zach Strickland examines demand keeping capacity tight in the Carrier Update presented by PowerFleet. Then, Andrew Cox and Anthony Smith discuss this week’s DHL Supply Chain […] Read More ». Ethan Carlson Thursday, January 7, 2021.Instagram:https://instagram. sandp global esg scoresintegra loans reviewshome loans for 500 credit scorebest metals to invest in 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. down payment on a 400 000 housecuri capital Jan 5, 2023 · Hapag-Lloyd and Yang Ming: Germany’s Hapag-Lloyd, the fifth-largest liner operator, increased capacity by 1.8% last year and by 64,800 TEUs or 4% over the past three years. At No. 9, Taiwan’s Yang Ming upped capacity by 60,724 TEUs or 9% since pre-pandemic. It was the eighth-largest carrier in early 2020. Sep 15, 2023 · The FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, has seen a slowdown in its prior momentum. Over the past week, the TRAC rate fell 1 cent per mile to $2.08 — still some distance from its year-to-date high of $2.39. td ameritrade day trading rule The incoming Biden administration is expected to increase regulatory oversight of electric and self-driving cars and trucks. FreightWaves spoke to a few investors and analysts in the mobility and freight tech space, as well as the CEOs of a couple of autonomous trucking and delivery companies, about what they expect from a Biden …Delta Air Lines [NYSE: DAL] has teamed with on-demand delivery company Roadie to launch a door-to-door, cross-country shipping service for time-critical goods such as medical equipment, and automotive and industrial parts.It is the first U.S. passenger airline to offer turnkey, round-the-clock pickup and delivery service in a segment already …