Freight wave news.

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

The firm titled its June 3 report “Watching the China Freight Wave,” which covered the slowdown in container markets and forewarned about a slowing U.S. domestic freight market. Using the same data, on June 7, FreightWaves wrote an article titled “U.S. import demand is dropping off a cliff.” We saw container flows out of China to the U ...

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.

Freight brokers handle a large amount of the truck transport business in the United States. A freight broker company provides a link between a shipper who has goods to transport and a carrier who has trucks to move those goods. The company ...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 ...As October is about to roll into November, the State of Freight webinar with FreightWaves CEO Craig Fuller surveyed a market just hit by the stunning collapse of digital brokerage pioneer Convoy and data sets that aren’t showing much of an upturn in the outlook for carriers. Here are some of the highlights from this month’s session: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 ...

Then the news broke that one of the most iconic freight brokers to come out of the venture era of freight tech funding would fail on the same morning. Convoy was a victim of a violent commoditized industry that is facing one of its deepest recessions in decades and a sudden change in investor appetite from risk to unit economics.

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.

SONAR is the high-frequency freight market intelligence platform empowering businesses in the supply chain. SONAR provides users with exclusive, near real-time trucking, railroad, ocean, and air freight transportation data and actionable intelligence, as well as the ability to benchmark, analyze, monitor, and forecast your network against the ...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 ...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.FreightWaves again named one of fastest-growing companies in North America. Chattanooga, Tennessee-based FreightWaves has been named to Deloitte’s Technology Fast 500 list. Read More ». Noi Mahoney Tuesday, November 7, 2023.Are you in the market for new furniture? Look no further than American Freight. With a wide selection of quality pieces at affordable prices, American Freight is the go-to destination for all your furniture needs.

The National Motor Freight Classification, also known as the freight class number, of a commodity is typically assigned by a shipping company.Sep 26, 2022 · Get access to 200k+ high-frequency supply chain indexes. News. FreightWaves Pricing Power Index. 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 ... 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 ...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 …

Nov 24, 2023 · 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. Based on current trends, China watchers say lockdowns won’t begin to ease until mid-May or possibly June as the government maintains its zero-COVID policy. In some ways the logistics situation sounds manageable. The Port of Shanghai, the largest container shipping gateway in the world, has remained in operation.

Chattanooga, Tennessee, USA, May 09, 2022 (GLOBE NEWSWIRE) -- Today, FreightWaves, the Global Leader in Supply Chain Data and Analytics, announced …6 min. 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 full of surprises. The 2024 list honors industry veterans and newcomers that have found a way to hang on in one of the most difficult environments for technology ...2 days ago · 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. The trucking industry is a vital component to maintaining economic stability in the United States. Ten-and-a-half billion tons of freight is transported annually, according to the American Trucking Associations website.Nov 22, 2023 · GlobalX Airlines defies cargo trend with fleet strategy. Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft. American Shipper. Air Cargo. Eric Kulisch Wednesday, November 15 ... The 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.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 ...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.Dooner is an award-winning content producer and host who is currently creating new podcasts, TV shows, newsletters and multimedia for FreightWaves.In under a year he helped build FreightCasts, the world’s largest logistics and supply chain podcast network in media. He is a host and producer on ...

FreightWaves again named one of fastest-growing companies in North America. Chattanooga, Tennessee-based FreightWaves has been named to Deloitte’s Technology Fast 500 list. Read More ». Noi Mahoney Tuesday, November 7, 2023.

Dec 1, 2023 · 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. The truckload market is ...

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.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 ... 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 ...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 ...Based on current trends, China watchers say lockdowns won’t begin to ease until mid-May or possibly June as the government maintains its zero-COVID policy. In some ways the logistics situation sounds manageable. The Port of Shanghai, the largest container shipping gateway in the world, has remained in operation.The rise in COVID infections fueled by the omicron variant and bad weather that has forced passenger airlines to cancel thousands of flights is now disrupting operations at FedEx Express. The parcel and freight carrier warned Friday that staffing problems due to rising infection rates among pilots and ground personnel in its air network ...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.FreightWaves | 147,272 followers on LinkedIn. The World's Freight Market Forecasting and Analytics Platform | FreightWaves is the most trusted provider of global supply chain market intelligence.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, …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 ...

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 ... 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 $2.39.2 min. Seattle-based logistics provider Flexe, which hit a $1 billion valuation last year, has laid off a third of its workforce. A Flexe spokesperson confirmed Wednesday via email to FreightWaves that the company had made “the difficult decision to part ways with 33% of staff. We are sincerely saddened to lose such great talent.Instagram:https://instagram. most expensive quartertop pharmaceutical stocksshipping company stockstelehealth stocks In partnership, Talon Logistics and FreightWaves conducted a survey focusing on North American supply chains across diverse industries. This survey revealed an intricate web of preferences, satisfaction levels and emerging concerns that should guide both shippers and logistics providers in strategic decision-making through 2024.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. best healthcare plans in georgiasecondary dental insurance for crowns 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 ...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 … opportunities for accredited investors WAVE 3 News is your go-to source for breaking news in Louisville, Kentucky and Indiana. We offer the latest news headlines, weather, traffic, sports and more.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...