Freight wave news.

Yusen Logistics Co., Ltd. (President: Hiroyuki Okamoto) starts to offer Less-than-Container Load (LCL) own consolidation ocean freight forwarding service with a ...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 ...Freight factoring, also known as transportation factoring or trucking factoring, is a service option that can help trucking companies streamline their cash flow. One of the easiest ways to understand freight factoring is to understand the p...Nodal Exchange, in collaboration with FreightWaves, the leading provider of freight market news, data and analytics, and DAT, the largest spot freight ...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 ...

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%.Feb 22, 2023 · The naming ceremony of the 24,188-TEU OOCL Spain was held at China’s NACKS shipyard on Feb. 16. (Photo: OOCL) FreightWaves. ‘Colossal’ tidal wave of new container ships about to strike. 8 min. Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month ...

Instead of standing in front of the meme revolution, he has put a bounty out for creators to grab. He tweeted, “FreightWaves is going to launch the first-ever ‘Freight Creator Contest’ at F3 next year with over $100K in cash prices.”. X. Meme a little meme — While more details about the contest will be released soon, I’m happy to ...

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, …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+NagelThe freight market has been flat for most of 2023, impacting everything from major carriers to various logistics firms. In August, less-than-truckload carrier Yellow Corp. filed for bankruptcy, and mega carrier Knight-Swift Transportation initiated a round of layoffs earlier this month.5. 4.3K views 3 years ago #logistics #trucking #news. Head over to freightwaves.com for the latest news, or go to tv.freightwaves.com for all of our video …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.

Freight container shipping is one of the ways that businesses move products across long distances at some of the lowest costs available. Check out this guide to freight container shipping at a glance, and learn more about moving cargo.

Not since the initial 2020 COVID-19 outbreak in Wuhan have lockdowns been this extensive in China. “It’s probably worse than Wuhan,” said Jon Monroe, an ocean shipping and supply chain expert who runs a consulting firm. “You’re going to have a lot of pent-up orders. It’s going to be an overwhelming movement of goods” that will ...

Nov 13, 2023 · The freight market is suffering from very challenging conditions and few dispute that the freight market is in recession. The root cause of the current freight recession has been the imbalance of supply and demand. According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels. 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 ...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.Intermodal volume begins to dig out while network challenges remain. In last week’s Passport intermodal weekly, we discussed the very visible impact that the snowstorm in …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%.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, …Port Houston handled 307,624 twenty-foot equivalent units in August, a year-over-year (y/y) decrease of 20%. Overall container volumes and freight flows at Port Houston declined in August compared to last year, led by a 48% y/y drop in empty containers to 40,398 TEUs. Roger Guenther, executive director at Port Houston, said …

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.Nov 22, 2023 · 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 ... In line with pre-COVID volumes. On Tuesday, Descartes reported that February imports to all U.S. ports totaled 1,734,272 twenty-foot equivalent units. That’s down 16.2% from January, 25% year on year and 0.3% versus February 2019, pre-COVID. Imports from China were particularly weak, given COVID issues and the Lunar New Year break.Port Houston handled 307,624 twenty-foot equivalent units in August, a year-over-year (y/y) decrease of 20%. Overall container volumes and freight flows at Port Houston declined in August compared to last year, led by a 48% y/y drop in empty containers to 40,398 TEUs. Roger Guenther, executive director at Port Houston, said …J.B. Hunt expects to receive up to 15,00 0 trailers from Wabash in a multiyear supply agreement. (Photo: Wabash) Wabash is following through on its attempt to smooth out the boom-and-bust cycles in trailer making. It has signed a multiyear supply deal with J.B. Hunt Transport that will cover 15,000 trailers over coming years.

FreightWaves also publishes a variety of news and analysis on the freight industry. About Decision Spot. Decision Spot is a provider of strategic supply chain …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 ...

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 ...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 ...08 Aug 2023 ... The good news is that the comparison will be easier than it was in 2022 versus 2021. So while absolute freight levels probably will not be much ...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 ... TRAC rates are from the day before and are updated daily at 11:00 a.m. ET. Spot rate market data for over 650,000 unique van lanes, 300,000 unique reefer lanes, and KMA to KMA flatbed rates (Linehaul + Fuel) Rates are weighted based on distance and time to prioritize the more recent loads that are closer to the precise O/D pair the user specifies.Running on Ice: When cold is slightly less cold. Mary O'Connell Friday, November 10, 2023. In this edition: A new cold storage warehouse is on the horizon, ice cream gets warmer and plant-based frozen food options expand. Read More.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 ...Thursday, April 29, 2021 0 The pandemic has sent the retail industry on a K-shaped trajectory — the final straw that has sent many retail... Read more Not easy being green: Finding truckloads to convert to intermodal when the low-hanging fruit is already picked by Tony Mulvey Thursday, April 22, 2021 0

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 …

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 ...

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 …Diversification will be key in 2024. With 2024 expected by many to see a swing in pricing power back in carriers’ favor, Carrillo emphasized the need for shippers …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 …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 ...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.The National Motor Freight Classification, also known as the freight class number, of a commodity is typically assigned by a shipping company.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 ...You may have heard about freight shipping, but you weren’t exactly sure exactly what it meant. How did it differ from regular shipping? Is it more expensive, or is it cheaper? Check out below for information on what freight shipping is and ...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 ...On Thursday FreightWaves presented the FreightTech 25 awards, which were chosen independently by a panel of CEOs, industry leaders, academics and investors who scored the companies. Chattanooga, Tennessee-based accounting and auditing firm HHM administered the vote. The awards recognize the most innovative and disruptive …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, …

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 ...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. The second annual F3: Future of Freight Festival will be held in Chattanooga, “The Scenic City,” this November. F3 combines innovation and entertainment — featuring live demos, industry experts discussing freight market trends for 2024, afternoon networking events, and Grammy Award-winning musicians performing in the evenings amidst the ...The air freight forwarding industry is responsible for making sure shipments from one country to another are fully completed. They handle everything from storage and inventory management, to customs clearance, international export, import documentation, and more. Because of their expertise in international shipping, air freight forwarders also ...Instagram:https://instagram. tradier vs interactive brokersjpm dividend datepresentation skills course onlinehome loans for people on disability 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 experts at ... where to start trading forexvcsh etf 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. price 1964 kennedy half dollar The SONAR platform offers a suite of products and features designed for quick and confident decision making in balancing transportation spend and performance. It comes with an easy-to-use interface for numerous integrations into TMS and ERP software systems. Configure your insights and workflows using your systems or the SONAR interface to fit ...Brokers and 3PLs began with a lower sentiment of 9.84 in Q4 2022, which dipped further in Q1 2023 to 6.97. Their sentiment saw a fluctuation, climbing to 9.39 in Q2 2023 and peaking at 12.55 in Q3 2023, indicating a resurgence of confidence, before descending again to 8.78 in Q4 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.