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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.Nov 9, 2023 · FreightWaves CEO Craig Fuller presents the 2024 FreightTech 25 with Senior Meteorologist Kaylee Nix and HHM's Senior Accountant Becca Denison. (Photo: Jim Allen/FreightWaves) FreightWaves unveiled the winners of its 2024 FreightTech 25 awards on the final day of the F3: Future of Freight Festival. This sixth iteration of the award series was ... 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.

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 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’ …

John Gallagher. · Tuesday, May 24, 2022. A line of trucks struck in traffic on a highway. (Photo: Jim Allen/FreightWaves) Legislation aimed at ensuring overtime pay for truckers is getting close scrutiny from a major shipper group that plans to fight hard against it if the bill starts to gain steam. The Guaranteeing Overtime for Truckers Act ...

2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).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. 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 ... 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 …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 ...

Why I believe a freight recession is imminent. Craig Fuller, CEO at FreightWaves. · Thursday, March 31, 2022. Listen to this article. 11 min. Last week, I published an article entitled “ Just 3 years after 2019’s trucking bloodbath, another is on the way .”. For anyone who lived through the trucking debacle of 2019 – when carrier after ...

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 …

The former chief financial officer of a Texas logistics company was sentenced to nearly four years in prison on Wednesday and ordered to pay back nearly $8 million for her involvement in an elaborate five-year fraud and tax evasion scheme. Nicolette “Nicky” Osborne, 50, of Pflugerville, Texas, pleaded guilty to one count of wire fraud and ...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 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’ price, demand, and capacity data allow customers to benchmark, analyze, monitor, and forecast the global physical economy. Several commenters said FMCSA should allow for an industry-accepted two free hours of wait time, after which it should require a $100-per-hour detention time fee be paid the broker, shipper or receiver. “Hit them where it hurts: their bottom line,” said one, recommending a $100-per-hour fee go to the driver and $300 per hour to the carrier ...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 …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 ...The former chief financial officer of a Texas logistics company was sentenced to nearly four years in prison on Wednesday and ordered to pay back nearly $8 million for her involvement in an elaborate five-year fraud and tax evasion scheme. Nicolette “Nicky” Osborne, 50, of Pflugerville, Texas, pleaded guilty to one count of wire fraud and ...

Mar 3, 2023 · Over the past seven days, a diverse assortment of markets benefited from a seasonal uptick in shippers’ activity, including seaport markets and heavyweight industrial regions. The market of Ontario, California, which stores and distributes freight from the nearby ports of Los Angeles and Long Beach, saw volumes climb 5.68% w/w. 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’ …INSW operates 42 vessels (including two floating storage units) totaling 7 million deadweight tons (DWT) and has a current market capitalization of around $880 million. For the latest on IMO 2020 and other key issues, FreightWaves sat down for an interview with INSW CEO Lois Zabrocky at her company’s midtown Manhattan …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 ...John Gallagher. · Tuesday, May 24, 2022. A line of trucks struck in traffic on a highway. (Photo: Jim Allen/FreightWaves) Legislation aimed at ensuring overtime pay for truckers is getting close scrutiny from a major shipper group that plans to fight hard against it if the bill starts to gain steam. The Guaranteeing Overtime for Truckers Act ...

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 ...

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.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, …Sep 3, 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. Union leaders criticize precision scheduled railroading. The implementation of precision scheduled railroading (PSR) has contributed to dwindling morale and could result in creating unsafe working conditions should the federal government withhold intervention, according to union witnesses at a June 20th Congressional hearing …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.The recent shutdown of Convoy, a digital freight brokerage established in 2015, shows that. Convoy enjoyed all the trappings of a runaway tech success. Its two co-founders, Dan Lewis and Grant Goodale, had Amazon and Ivy League credentials. Convoy counted Jeff Bezos, Bill Gates and (bizarrely) Bono among its investors.

Oct 27, 2022 · The American media coverage of President Xi Jinping’s address to the 20th Communist Party Congress in Beijing last week took note of Xi’s pessimistic tone, warning party members to prepare China for confrontation and crisis. Politico’s Phelim Kine called Xi’s view of U.S.-China relations “increasingly bleak.”.

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. 71,410 likes · 3,696 talking about this · 64 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.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 ...A Yellow truck leaving a terminal in Houston, Texas. (Jim Allen/FreightWaves) Abdul Jaludi knows his job as a driver at Yellow Corp., one of the largest trucking fleets in the United States, is better than most trucking gigs. He’s home most nights, gets paid vacation and sick leave, and “doesn’t pay a penny” for his medical …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 ...On a day-to-day basis, friction is characterized by manual processes, inefficient workflows and high volumes of human effort. As supply chain leaders look to optimize operations and plan for the future in a down market, this friction stands in the way of transforming their supply chains from cost centers to revenue generators.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 ...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 …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.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 ...Sep 25, 2023 · 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 ... Double-brokering scams, fraudulent fuel advances cost the industry over $100 million per year. Joe Howard, a 20-year logistics industry veteran, warns of load-board scammers popping up in Southern California. Photo: Karen Roach/Shutterstock. Part I of a three-part investigation into an alleged double-brokering scheme from Southern California.

FreightWaves. It’s all hydrogen: CERAWeek focuses on potential fuel of the future. 7 min. HOUSTON — As the topic of hydrogen came up yet again during one of the larger sessions on the first day of CERAWeek, a panelist quipped that the conference perhaps should be renamed Hydrogen Week. And if the energy transition ever makes it to heavy ...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, 2023.2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).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 ...Instagram:https://instagram. nee dividend historywhole life insurance retirementbest jewelry insurancegtco 3 min. U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days. This marks the third Worker Adjustment and ... nasdaq mlcoes00 futures Oct 28, 2023 · Freight boom is not without downsides for carriers. One of the results of the 2017-18 freight market boom was an increase in the cost of operating that held over into a slower 2019 when capacity became abundant. Costs are on the rise once again as carriers struggle to find drivers to capture market share. Read More ». 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, … nsrgy dividend 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.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.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 …