Freight wave news.

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 ...Historical delivery data from Clarksons shows that annual fleet growth averaged 970,000 TEUs in 2001-20. Deliveries in 2023-24 will be 2.6 times higher than that average. The previous single-year record for annual growth was 1.7 million TEUs in 2014, according to Clarksons data, well below what’s to come.Tuesday, March 29, 2022. in 3PLs, Featured, Intermodal, Rail, Trucking. Reading Time: 2 mins read. 0. If you haven’t read the article that FreightWaves’ CEO Craig Fuller wrote …Dec 1, 2023 · Common wisdom holds that the outdated and constrained electric grid cannot support the scaling of electric trucks. Looking at the grid’s current use supports that. Electrifying just the long-haul portion of the U.S. trucking fleet would require 10% of the nation’s electric power generation, according to a December 2022 study from the ...

Today, the same lane goes for $1,402/TEU. In May 2022, container imports handled at the U.S. port peaked at 2.6 million TEUs, the most recent month of imports data before FreightWaves’ article was published. Descartes reported that container import volumes in November were 1.95 million TEUs, a drop of 25%.3 min. Flexport’s board dismissed CEO Dave Clark, two sources familiar with the decision told FreightWaves. Clark, who joined the buzzy freight forwarder last September, agreed to resign from his post. The former top Amazon executive announced on Wednesday that he was leaving Flexport. Founder Ryan Petersen will resume the role of …

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-funded freight forwarder, to acquire Convoy, a freight brokerage that shut down on Oct. 19. “Flexport’s strategy will be to offer a full range of trucking services …

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 …In an astounding turn of events, freight rates started shooting up to previously unheard of levels. On the Trans-Pacific trade from Shanghai to US East Coast, rates shot up from an average of USD 2,500/ FEU in 2019 to over USD 15,000 in September 2021, while there also were instances of Carriers charging more than USD 20,000. ‍.Dec 3, 2023 · The FreightWaves (NTI), is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market. NTI is calculated on a composite national aggregated level of the Rate Per Mile for fully enclosed, non-refrigerated, 48- or 53-foot trailers moved by Class 8 tractors. The index is based on eligible spot ... 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 …

8 min. The video is worth a thousand words: A tube of mascara arrives in a box that’s multiple times its size and swaddled in layers of packing material to protect what is hardly a fragile product. James Malley, co-founder and CEO of Paccurate.io, a New York-based company founded in 2020 to help businesses optimize their packaging to reduce ...

The seasonally adjusted inventory-to-sales ratio in January was 2.95. Excluding the spike in 2020 during COVID lockdowns (when sales crashed, temporarily inflating the ratio), the January number was close to the recent high of 3.1 the month before. This January’s inventory-to-sales ratio was a whopping 40% above the January 2019 pre …

FreightWaves’ Greg Miller reported, “The global composite of Drewry’s World Container Index (WCI) fell 6% in the week ending Thursday versus the prior week, to $1,384 per forty-foot equivalent unit. The global composite has given back all of its gains since the beginning of Q4 and is now down 1% versus Oct. 1.”. X.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.Nov 29, 2023 · News. Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now. According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.16 May 2023 ... News Home ABC News Homepage. WA truck driver shortage leaves freight ... When Hamas's hostages smile and wave, this is what's actually going on.8 min. The video is worth a thousand words: A tube of mascara arrives in a box that’s multiple times its size and swaddled in layers of packing material to protect what is hardly a fragile product. James Malley, co-founder and CEO of Paccurate.io, a New York-based company founded in 2020 to help businesses optimize their packaging to reduce ...

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! 1 min. 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. In this report, you will ...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.According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.The 2023 peak shipping season is shaping up to be radically different for each company. White House launches DOT Multimodal Freight Office The office, created by the Bipartisan Infrastructure Law, will develop a national multimodal freight network and advance freight logistics improvements. By Colin Campbell • Nov. 28, 2023Rates for shipments into the U.S. from Asia at the end of March were 70% lower than a year ago, at about $3.30 per kilo, recent data from price reporting agencies shows. In Europe, rates from Asia are down more than 45% year over year and 20% since the end of February. Notably, the cost of shipping goods by air is still above pre-COVID …Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe downturn than expected. Surge booked $135 million in gross revenues during one period in 2023, according to its bankruptcy filing. That same period last year, Surge posted $200 ...

Americold Logistics of St. Louis, owed approximately $69,000, is also listed as a secured creditor. According to SAB, the meat importer’s gross revenues from Jan. 1 until its bankruptcy filing date are nearly $57 million. Its petition states the company made around $96 million in 2021 and approximately $68 million in 2020.

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 …Supply crunches have a serious impact on military operations and global conflicts, Jobie Turner said Tuesday during a conversation at FreightWaves’ The Future of Supply Chain event in Rogers, Arkansas. Turner, a retired Air Force colonel, served as commander of the 37th Airlift Squadron and the 314th Operations Group, leading C-130 flying ...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.News. Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for …The siloed nature of the freight industry leads to confusion and speculation, two factors that worsen rate variability, according to Hamlin. “Shippers and their carriers or brokers are only conversing about one lane or one region at a time,” she said. “This transactional market today just really enhances this fragmentation in silos and ...Founders Craig Fuller. Operating Status Active. Last Funding Type Private Equity. Also Known As Transrisk, transfx, transvix, BiTA , Blockchain in transport , TransFX. Legal Name FreightWaves, Inc. Company Type For Profit. Contact Email [email protected]. Phone Number (423) 205-3050. FreightWaves is a data and content forum that provides ...

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.

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.

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 ...In addition to air cargo executives from companies such as FedEx Express and UPS, other private-sector members of the committee will include CEOs from trans-Atlantic airlines, major international hub airports and industry association leaders.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 ...The number of insured cargo trucks stolen in Mexico increased 22.9% year over year to 8,553 units in 2022 compared to ’21, according to a recent report from the Mexican Association of Insurance Institutions. Kenworth tractor-trailers were the most stolen cargo trucks last year, totaling 1,902 units, followed by Freightliner at 714.FreightWaves is the leader in non-biased, user-generated reviews and feedback to help carriers find the best technology partner for their fleet. Konexial is honored to be a FreightWaves Trusted Partner and to showcase the benefits of edge computing technology and our live supply chain™ ecosystem. Kristin Rakoczy, Marketing Director. As one of ...Quicklook: Best TMS freight broker software in 2024. Best for integration with existing software: Rose Rocket TMS. Best for small- to medium-sized businesses: Truckbase. Best for real-time visibility and insights: Trucker Tools. Best for large brokerage businesses: Trimble. Best for LTL freight brokers: Transport Pro.Former drivers for Ameritrans Express owed millions of dollars in unpaid wages. Lisa Celli was excited to start her first day on Jan. 5 as a contractor delivering mail for the U.S. Postal Service in the small unincorporated town in California where she and her husband live. However, less than 24 hours after finishing her first route for ...Nov 24, 2023 · Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe downturn than expected. Surge booked $135 million in gross revenues during one period in 2023, according to its bankruptcy filing. That same period last year, Surge posted $200 ... FreightWaves' YouTube channel provides videos related to relevant content and industry news and information. Visit us at freightwaves.com and on LinkedIn, Facebook and Twitter.

Jan 16, 2023 · 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 ... Port Houston sees monthly gains in autos, resin shipments. Port Houston hit a record for monthly container volumes, handling 344,163 twenty-foot equivalent units in July. The monthly total was a 5% year-over-year (y/y) increase compared to the same period last year. Year to date, the port handled 2.2 million TEUs at its two terminals, only 1% ...Nov 24, 2023 · Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe downturn than expected. Surge booked $135 million in gross revenues during one period in 2023, according to its bankruptcy filing. That same period last year, Surge posted $200 ... Instagram:https://instagram. insider trading stockbest forex brokers for us citizensbkuhigh dividend mutual fund 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.FreightWaves' YouTube channel provides videos related to relevant content and industry news and information. Visit us at freightwaves.com and on LinkedIn, Facebook and Twitter. how much is a brick of silver worthnyse fe Sep 26, 2022 · Get access to 200k+ high-frequency supply chain indexes. News. FreightWaves Pricing Power Index. The transportation capacity subindex jumped 7.8 points to 64.7. That was the sharpest rate of expansion in the data since October 2019, “as the logistics industry continues its regression towards the mean after nearly two years of rapid growth,” the report read. The index is now 20.3 points higher than the February reading. top forex books 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%.In the fourth quarter of 2022, Walmart’s U.S. comp sales were up 8.3%, while its consolidated operating expenses as a percentage of sales dropped by 44 basis points. Meanwhile, Amazon’s net product sales were down 1.2% y/y to $70.53 billion, while cost of sales and fulfillment expenses were both up, 3.3% and 2.9%, respectively.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 ...