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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.Consulting firm FTR Transportation Intelligence expects rail intermodal to face a tough year in 2023 amid weaker demand, a competitive truck market and a shift in U.S. port activity away from the West Coast to East and Gulf ports that utilize shorter inland hauls. All of the rail intermodal segments — domestic and international — “are ...01 Sept 2023 ... NBC News•44K views · 53:10. Go to channel · Core Beliefs and Mindsets for ... #freightbroker #freight. Freight 360•1.2K views · 1:00:09. Go to ...Oversight panel says Yellow increased lobbying efforts ahead of $700M loan. The latest report from the congressional oversight commission monitoring COVID relief loans shows Yellow Corp. may not have been as “critical to maintaining national security” as once thought. The report also calls into question the company’s increased spend on ...

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 ... Feb 8, 2022 · Capital expenditure in the air network isn’t limited to the U.S. Last fall, DHL Express opened an expanded international parcel hub at Paris-Charles de Gaulle airport. The $200 million site is 10 times larger than the original facility. In September 2020 it transformed the gateway in Milan, Italy, into a regional hub for $123 million. 5 min. Truckload carriers and 3PLs have seen little change in demand halfway through the fourth quarter, and some are pointing deeper into 2024 before the market corrects. The comments came from heads of some of the largest publicly traded TL providers at Stephens 25th Annual Investment Conference in Nashville, Tennessee, on Tuesday.

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%.

The inventory level component fell from an all-time high of 80.18 — anything over 70 is extreme — last January to 54.8 in November, indicating that inventories went from growing at light speed to crawling. While December’s value of 57.3 is still not extreme, it is moving in the wrong direction for many shippers.Listen to this article. 4 min. F lock Freight , a technology startup that offers a shared truckload shipping solution, has raised $113.5 million in a Series C, the latest in a series of noteworthy funding rounds completed by maturing digital freight companies. Softbank led the round, with participation from existing investors SignalFire, GLP ...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 on the ...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.

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 ...

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The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics —is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market …Data: Descartes Datamyne) Imports have surged 33% from their recent low in February. October’s inbound volumes were the highest since August 2022, back when volumes were still inflated by the one-off pandemic boom. It was the third best October ever for the U.S. imports, with the exception of the boom-inflated months in 2020 and 2021.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! Spot rates fall back again. 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. Spot rate in USD per FEU.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 $2.39.8 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 ...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...

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. Noi Mahoney Wednesday, November 29, 2023 Canadian freight forwarder Farrow acquired by Kuehne+NagelChart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.Fuel News; Weather and Critical Events; Inside SONAR; Watch. Trending Now. What the Truck?!? #WithSONAR; FreightWaves NOW; Fuller Speed Ahead; Net …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 for supply chain professionals.Consulting firm FTR Transportation Intelligence expects rail intermodal to face a tough year in 2023 amid weaker demand, a competitive truck market and a shift in U.S. port activity away from the West Coast to East and Gulf ports that utilize shorter inland hauls. All of the rail intermodal segments — domestic and international — “are ...FedEx begins 50-day countdown to its first day of flight. (Photo: Jim Allen/FreightWaves) FedEx will increasingly rely on outsourced air transport for growth as it pursues an aggressive cost-cutting strategy to resize its delivery network in line with deteriorating market conditions and a structural rebalance in e-commerce sales, …As of 2014, Harbor Freight Tools does not offer franchises. The company owns all of its stores and operates a real estate department that assesses potential locations for future stores.

20 Jun 2023 ... In November's roundup of top banking news: Citigroup approaches newest wave of job cuts and managerial shifts, Truist Financial nearly doubles ...

This lane should be one of the more well covered in the nation, yet the imbalance in the flow of freight has pushed spot rates gradually higher over the past four months. Contract rates (including fuel) were ~22% higher than spot rates at the beginning of July this past summer. At the end of October that gap had shrunk to 6%.Are you interested in the logistics industry? Do you have a knack for organization and problem-solving? If so, becoming a freight forwarder might be the perfect career path for you.Oct 30, 2023 · ArcBest’s ( NASDAQ: ARCB) shares jumped 16% on its third-quarter report . Yellow’s trailers parked along a fence at a shuttered Houston terminal. (Photo: Jim Allen/FreightWaves) The company’s asset-based segment, which includes LTL carrier ABF Freight, saw shipments decline 2.7% from the second quarter. Here are five of the biggest U.S.-Mexico border drug busts this year. 1. Mexican police find $62M in drugs in abandoned truck near border. Mexican authorities found 25,000 pounds worth of narcotics hidden inside a tractor-trailer that was abandoned just south of the Mexican border on Dec. 6. The drugs found included 8,810 pounds of …Yusen Logistics Co., Ltd. (President: Hiroyuki Okamoto) starts to offer Less-than-Container Load (LCL) own consolidation ocean freight forwarding service with a ...Summary: On Monday the Department of Energy/Energy Information Administration released its latest average price of diesel, which declined 7.2 cents in the past week to settle at $4.294 a gallon. This is the lowest price recorded since Aug. 7, which was $4.239 a gallon. Monday’s report has declined in seven of the past eight weeks and …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.Air cargo diverted from Shanghai is disrupting freight operations at other Chinese airports, causing a shortage of pallets for exports, Chicago-based AIT Worldwide Logistics reported. Meanwhile, Shenzhen International Airport imposed a daily import cap of 250 tons, including 125 tons for perishable and temperature-controlled cargo from April 21 ...For exporters, container shipping still far from pre-COVID ‘normal’. The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic. Read More ». Greg Miller Friday, September 15, 2023.

Project44 plans for ‘engineering-first’ focus. (Photo: Jim Allen/FreightWaves) Project44, a supply chain real-time visibility provider, confirmed Friday it has cut 63 global employees, just about 5% of its global workforce. According to founder and CEO Jett McCandless, the cuts impacted “no load-bearing positions” and were directed ...

You can find the Standard Carrier Alpha Code for a freight company at SCACCodeLookup.com. An alphabetized list of the most common SCAC codes is available at EDIProvider.com.

They were each charged with four counts of wire fraud, each punishable by up to 20 years in prison. Some defendants were indicted on three counts. Officials said the “pervasive corruption” cost Polar Air Cargo $52 million and touched nearly every aspect of the airline’s business between 2009 and July 2021. A 10th individual was indicted ...3 min. Two truckers who worked for the same Canadian carrier face federal drug charges in the U.S. after they were arrested four months apart in connection with seizures in Michigan of cocaine and methamphetamine worth millions of dollars, court records show. Prabhjot Singh was arrested on March 15 after Michigan State Police officers found 142 ...The inventory level component fell from an all-time high of 80.18 — anything over 70 is extreme — last January to 54.8 in November, indicating that inventories went from growing at light speed to crawling. While December’s value of 57.3 is still not extreme, it is moving in the wrong direction for many shippers.Oct 30, 2023 · The smooth debut of Hawaiian Airlines’ first freighter aircraft this month and the cash it, and sister aircraft, will generate from Amazon is a shot in the arm for an airline with losses that widened to $48.7 million in the third quarter from $9.3 million a year ago. Hawaiian Airlines (NASDAQ: HA) began flying the Airbus A330-300 converted ... 25 Mar 2016 ... The logistics sector employs millions of workers around the world and must actively manage morale to ensure it attracts and retains the best ...A bankruptcy filing could be announced Monday. (Photo: Jim Allen/FreightWaves) Less-than-truckload carrier Yellow Corp. ceased all operations at 12 p.m. Sunday, according to a notice on the gates at its terminals. Separate internal documents showed the procedures for closing the facilities as well as “talking points” to be used when ...Mar 10, 2023 · The FreightWaves TRAC spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, was on an unstoppable decline since January but has finally leveled out. Over the past week, the TRAC rate held firm at $2.01, still a far cry 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.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 ...

Nov 13, 2023 · 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%. 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 Rail16 ก.ค. 2564 ... FreightWavesFreightWaves is the world's top provider of freight market predictions, statistics, news, and analysis. FreightWaves is used by ...Instagram:https://instagram. personal loan for manufactured homechmi stock dividendlovesac earnings datemost sold product of all time The headhaul, or outbound-heavy lane, is Chicago to Atlanta, while the backhaul, or inbound-heavy lane, is Atlanta to Chicago. The point of all this is that even in a market of abundant capacity, imbalances are still occurring under the surface that are difficult to see. Some of these imbalances are temporary or seasonal, while others …Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well. nyse bepoil stocks that pay dividends Subscribe to our Classic Newsletters Newsletters that never seem to go out of style. Freightwaves Tech Newsletter (Tuesday | Weekly) Stay up to speed on the latest technology and trends impacting the freight industry with this weekly newsletter. Air Cargo Newsletter (Monday | Weekly) Get news, analysis and exclusive insights about the movement ... forming llc in delaware benefits Oct 15, 2023 · In the 2008 freight recession, freight brokerages were a much smaller percentage of the overall trucking market, representing just 10% of the total freight in the market. This number has doubled since then, along with the quality of freight. When I was working the freight desk at U.S. Xpress in the early 2000s, freight brokerages weren’t a ... 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. Without logistics, the supply chains that keep ...