Feightwaves.

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!FreightWaves SONAR is the world’s first high-frequency market intelligence platform, offering a technical analysis dashboard and API suite that empowers clients with access to freight market developments, often weeks or months before competitors. The creation of SONAR was the brainchild of Craig Fuller, the founder of FreightWaves and the ... FreightWaves is the leading provider of news and key data points to the U.S. trucking and brokerage industries. The subject matter experts at FreightWaves – who combined have hundreds of years of experience – contributed to the content in FreightWaves Academy. The mission of FreightWaves Academy is to impart this wealth of knowledge, and to ...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 ...

SONAR’s van contract rate index, which is derived as the national average contract rate from over $40 billion of actual contracted loads between shippers and carriers, is currently at $2.74/mile, down from a high of $2.98/mile set on June 3, 2022. The drop of $0.24/mile represents a 9% drop in two months — and reverses all of the contracted ...How To Calculate Fuel Surcharges. A fuel surcharge is calculated by multiplying the difference in price per mile in fuels prices by the distance traveled. This gives the total fuel surcharge. For this, you need to take into account more than just fuel price changes. Drivers can start by using a calculating cost per mile worksheet to get a clear ...

More news of bankruptcies came from the logistics sector, a further indication that this bloodletting cycle will be death by a thousand cuts. A 12-year-old brokerage in Fort Worth, Texas, SEL Supply Chain Solutions struggled to overcome a failure cascade that started with the theft of a $700,000 load earlier this year.Apr 1, 2022 · The national spot rate, after reaching an all-time high of $3.83 per mile in early January, now sits at just $3.34 a mile, which includes fuel surcharges and other accessorials. Of the 102 lanes from Truckstop.com’s load board, 25 reported spot rate increases last week, down from 36 lanes the week prior.

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.Aug 2, 2022 · Attorneys filing a successful PAGA action are entitled to a recovery of “reasonable expenses.”. Going to trial often can result in costs in excess of $300,000, he said. “So it’s a nightmare,” he added. At the end of the process, an employee might “walk out with $2.47.”. AB5, a law defining independent contractor status in ... BUY TICKETS. Receiving all the news, analysis, and insights you'll need to keep up with the evolving retail supply chain. Go ahead, we'd love to have you.3 min. FreightWaves SONAR recently released two new market analysis tools that provide lane-level rate benchmarking capabilities and insight into the future state of the domestic truckload spot market. Market Dashboard+ (MD+), announced during the Future of Freight Festival earlier this month, is a multi-lane analysis tool designed to …

CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business and will be transitioning its current customers to RTS…

Noi Mahoney. · Monday, September 25, 2023. There were 582 cargo thefts in Canada and the U.S. during the second quarter, according to CargoNet. (Photo: Jim Allen/FreightWaves) Listen to this article. 6 min. Truckload carriers across the U.S. saw a sharp rise in cargo thefts during the second quarter — with thieves targeting everything from ...

Summary. FedEx is encouraging its pilots to seek employment opportunities with PSA Airlines due to overstaffing in flight operations. Air cargo demand remains low, leading to decreased revenues for FedEx and other cargo operators. Passenger airlines, on the other hand, are hiring new pilots at a significant rate.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.An Elite Transit spokesperson wrote in an email to FreightWaves that “there are still employees” working at the freight brokerage. After initially firing the majority of Elite Transit’s remaining workforce via Microsoft Teams on Nov. 3, which ex-employees stated was around 65 employees, Johnson kept on around 10-12 employees.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 ... According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than ...

Join us June 21-22, 2023, to learn first-hand how companies are digitally transforming the management of their supply chains. The greatest minds in the transportation, logistics …Nov 17, 2023 · 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. FreightWaves’ Noi Mahoney reported the story. Nov. 4: Approximately 65 employees of Pittsburgh-based Elite Transit Solutions were laid off. 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.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. 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.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 …

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.

Oct 29, 2023 · After bottoming around 7.8% in early July, the intermodal savings index recovered to 9.8% in early October. During J.B. Hunt’s recent earnings call, EVP and President of Intermodal Operations Darren Field stated September had the best volume week ever as volumes improved throughout the quarter. Revenues were down 15% but volume was up 1% year ... Nov 16, 2023 · 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. FreightWaves NOW | November 28, 2023 Kaylee Nix and Bill Priestley host today’s show as Eric Kulisch brings us the story of Flexport getting a shoutout from…3 min. Brad Jacobs has chosen the vessel for his next act. The man who put together the XPO freight conglomerate and then sold it off in pieces to leave behind the LTL-focused XPO, stand-alone 3PL RXO and contract logistics company GXO is leading a $1 billion investment in a company called SilverSun Technologies, which is publicly traded …FreightWaves’ SONAR Outbound Tender Volume Index (OTVI) is a measurement of electronic ofers (aka “tenders”) from shippers (i.e. manufacturers, big boxFreightWaves’ 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.FreightWaves. 70621 likes · 1882 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.Aug 29, 2023 · Company imposes 5.9% general rate increase on Express, Ground shipments. FedEx Corp. (NYSE: FDX) said Tuesday that it will raise its tariff, or noncontractual, rates on most of its U.S. services by 5.9% in 2024, a decline from the 6.9% increase in 2023 and a potential attempt to take market share from rival UPS Inc. (NYSE: UPS), which is facing ... 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 …

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

KSM Carrier Group. KSM, one of the top lease purchase trucking companies, has lease purchase programs that focus on empowering people who want to start their own business but lack the …

The indexes, which are derived from surveys of carriers, brokers and shippers, measure near-term and longer-term profitability, workforce and business investment sentiment. For the first time since we started tracking sentiment in Q4 2022, an overall score has fallen into the negative. FreightWaves SONAR: NTI.USA (white) and NTIF.USA (green).F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Podcast. FreightWaves is proud to present its award-winning WHAT THE TRUCK?!? podcast in conjunction with Put That Coffee Down, FreightWaves Insiders, Morning Minute, & more. Timothy Dooner Friday, August 18, 2023.Mar 15, 2023 · El cofundador de TuSimple abandona el consejo mientras se investiga la caza furtiva de empleados. Xiaodi Hou habría intentado atraer a empleados a su nueva empresa. FreightWaves proporciona evaluación comparativa, análisis, monitoreo y pronóstico de la industria logística global de $ 9.6 billones. An index of tendered volumes on a given day. It is organized by inbound (ITVI) and outbound (OTVI) volumes for the U.S., regional, and market granularity. The index was created with a base of 10,000 on a national level from March 1st 2018 volumes. For example: If there were 10 national loads tendered on March 1st and on March 2nd there …FreightWaves SONAR is the world’s first high-frequency market intelligence platform, offering a technical analysis dashboard and API suite that empowers clients with access to freight market developments, often weeks or months before competitors. The creation of SONAR was the brainchild of Craig Fuller, the founder of FreightWaves and the ...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.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 ...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 ...Volvo Trucks North America will show its SuperTruck 2 concept at the American Trucking Association's convention in Austin, Texas from Oct. 14-17. (Photo: Volvo Trucks North America) Volvo Trucks North America (VTNA) appears to have adopted a European rigid chassis design for its SuperTruck 2 design exercise in improved freight …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. 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 ...

Major U.S. and European airlines ranging from Air Canada to United Airlines, Air France-KLM and Lufthansa Group reported revenue declines of 25% to 40% for cargo during the three-month period, with the Lufthansa Cargo freighter unit barely breaking even. Korean Air’s cargo revenue fell 51%. Logistics behemoth Kuehne+Nagel said revenue for ...Sep 5, 2023 · 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. 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.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.Instagram:https://instagram. mini dow jonescyclical stock listlargest wealth management firmsibkr pro price Quicklook: Best Enclosed Car Trailers. Best For Transporting Low-Profile Vehicles: JIMGLO. Best For Wider Enclosed Auto Hauler: Homesteader. Best For Affordable Auto Hauler: Interstate. Best For Protection From Moisture: Sure-Trac. Best For Hauling Up To Three Enclosed Cars: Sundowner. Best For Race Car Transportation: U.S. Cargo. investment strategies for beginnersdefender 90 car Express, Inc. 8.80. +0.20. +2.39%. An online auction is slated for Tuesday to sell the assets of Minnesota-based Twin Express Inc., which had more than 70 power units, after the trucking company ...FreightWaves Staff Wednesday, November 1, 2023 Optimizing logistics management with quantum computing As large e-commerce businesses have raised consumer expectations, midsize and smaller logistics companies must keep up and provide the same on-time delivery, visibility and experience. heritage wealth From deep dives to fast facts, FreightWavesTV covers the world of freight like no one else. Start Watching Now On Demand Content Whether you like to watch on an Apple TV, …2018 was a good year for trucking, but with so much capacity added over the past five years, a reset to those levels is not cause for celebration. According to the Federal Motor Carrier Safety Administration, the number of trucks in the for-hire market is up 29% since early 2018. It will take time to bleed off excess capacity.