Frieght waves.

7 min. The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. In announcing the plan Monday, White House officials said the strategy of using both domestic tools and international partnerships can help diversity and strengthen the U.S. supply chain.An order was entered in a Delaware bankruptcy court Thursday naming less-than-truckload carrier Estes Express Lines’ $1.525 billion stalking horse bid as the winning offer of Yellow Corp.’s portfolio of owned terminals. Bid protections for Estes were also approved, including a $7.5 million breakup fee and expense reimbursement up to $1.6 ...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. F3: Future of Freight Festival 2023 Promo. Watch on. 0:00 / 1:07. WATCH FWTV IN HD. On this week’s episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of the National Transportation Institute, is joined by Eileen Dabrowski, director of learning, development and marketing at ReedTMS Logistics.

26 Okt 2023 ... But that ploy may have been part of its undoing, writes Mark Solomon in Freight Waves. A transportation executive advised Convoy to set up a ...A class-action suit filed Tuesday against Yellow Corp. said the company failed to provide a required 60 days’ layoff notice to its 30,000 employees. The complaint was filed on behalf of California dockworker and union steward Armando Rivera and other “similarly situated former employees” in the U.S. District Court for the District of ...Voting. A panel chosen by FreightWaves will take the hundreds of nominations and narrow down these companies to the FreightTech 100. An external peer group of CEOs, industry leaders, academics and freight-industry investors will then take the FreightTech 100 list and rank those companies that they think are the top 25 most innovative …Web

Oct 23, 2023 · 17 min. The death of Convoy has been one of the biggest stories in both tech and freight media over the past week. While the freight market has suffered a number of major shutdowns, few were as sudden as Convoy’s. After all, Yellow was a much bigger company, but it died a very slow death, and because it was a publicly traded company, we all ... A week ago, Patterson, who worked at TQL from August 2007 to April 2021, filed a lawsuit against TQL seeking damages and injunctive relief. His suit, filed in Clermont County, Ohio, alleges the case “demonstrates the extraordinary measures TQL will take to harm the career prospects of an employee who has the temerity to leave the company.”.

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 to diversify their logistics networks. This aligns with the white paper’s findings, which reveal a heavy reliance on over-the-road trucking, used by 87% of survey participants.WebFlexport will restore Convoy’s trucking logistics services for customers in the coming weeks, according to the memo, shared by Freight Waves. Petersen said Flexport won’t acquire the businessJul 31, 2023 · 15 min. The biggest bankruptcy in U.S. trucking history could occur in the coming days when the nation’s third-largest less-than-truckload carrier, Yellow Corp., files. The company ceased all operations at noon on Sunday, and leadership representing its Teamsters workforce said it had been notified of a pending bankruptcy filing. Two laid-off Yellow employees who were not represented by Teamsters told FreightWaves that they did receive their final paychecks last Friday. However, they said they did not receive payment for unused vacation time. Yellow wrote in its separation agreement dated July 28 that laid-off employees would receive payment for unused vacation “ [a]s ...Web

WATCH FWTV IN HD SONAR High-Frequency Supply Chain Data Trucking Financial Ocean Rail Get access to 200k+ high-frequency supply chain indexes News FreightWaves Pricing Power Index The minor fall and the major lift

WATCH FWTV IN HD SONAR High-Frequency Supply Chain Data Trucking Financial Ocean Rail Get access to 200k+ high-frequency supply chain indexes News FreightWaves Pricing Power Index The minor fall and the major lift

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 …Nov 15, 2023 · FreightWaves Staff Tuesday, November 21, 2023 Could J.B. Hunt, BNSF alliance on Quantum change next decade in freight? J.B. Hunt and BNSF Railway are heralding a new era in freight transport with an intermodal partnership called Quantum. With it, they hope to add enough value to win market share from truckload freight. Read More » Sep 14, 2022 · Werner Enterprises. XPO Logistics. Zebox. Zipline. Zuum Transportation. *XPO submitted a separate nomination for its brokered transportation platform as it is expected to spin-off as a standalone company in the fourth quarter of 2022. FreightTech 100 FreightTech 2023. [email protected]. FreightWaves’ FreightTech 100 looks to ... The multiyear decline in the financial fortunes of truckload carrier U.S. Xpress is coming to an end with the announcement Tuesday that it is being bought by Knight-Swift at a significant premium to the company’s closing stock price Monday. In one of the largest truckload carrier sales in history, Knight-Swift (NYSE: KNX) said it is paying ...Qantas has made pet freight rules more flexible after concerns were raised by an animal rescue group; The airline had been enforcing bans on the transport of pets …

Dec 16, 2022 · For all intents and purposes, the month of December has only three weeks of freight activity, as the final week from Christmas to New Year’s is effectively null. In years prior, freight demand has fallen throughout the month before bottoming out in that final week. So far, December looks to be following seasonal trends, which is to say that, while shippers’ activity is winding down, this ... 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.December 2023. Tue 5. December 5 @ 2:00 pm - 3:00 pm. Webinar: Where Do We Go from Here? Shipper & Consumer Expectations for 2024. Join FreightWaves for a webinar on Tuesday, December 5 at 2pm ET when we’ll cover freight market expectations for load volumes, inventory levels, and capacity. Thu 7. December 7 @ 2:00 pm - 3:00 pm.FreightWaves recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year. The survey included 76 owner-operators and a majority of those polled, about 70%, hauled dry van trailers. What stood out most in the data was the reported worsening conditions …31 Jul 2023 ... Freight recession coming for trucking firms. 5NEWS•108K views · 3:40. Go to channel · Israeli offensive turns to southern Gaza as hopes of ...Position your message in front of global freight decision makers. social. Make waves across all FreightWaves Media social platforms. driving value for our customers. SmartDrive always enjoys working with FreightWaves. The team is always very easy to work with and is a true partner with us on the content creation process. I appreciate the ...Nov 28, 2023 · Atlas Air Worldwide on Tuesday announced the order of two 777 freighters from Boeing in response to strong demand for international e-commerce shipping, one of the few areas of strength in a freight market that has bottomed out after 18 months of decline and led airlines to reel in expansion plans. The two new 777 cargo jets, which were booked ...

The USDA expects Ukraine to export 13.5 million tons of wheat in the 2022-23 marketing year, down 28% from 2021-22. However, it expects global exports to be up 4% year on year, largely due to a surge in exports from Russia. The USDA anticipates Ukraine to export 22.5 million tons of corn in 2022-23, down 17% year on year.

Editor’s note: A previous version of this story incorrectly referred to the Seattle-based company as Convoy Logistics. It is, in fact, Convoy Inc. and is not affiliated with Convoy Logistics, a freight brokerage based in Crossett, Arkansas, nor it is affiliated with Convoy Systems out of Kansas City, Kansas. A change is brewing in the next day or …The National Retail Federation says inventories are in balance with no apparent stockouts or overstocks as highlighted in Mark Solomon’s article. The SONAR chart above shows the seasonally adjusted retail inventory-to-sales ratio at 1.36 at the end of September (updated Nov. 15), up 2.3% y/y, which is roughly in line with what Mastercard ...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 …The FreightTech Award honors innovation and disruption within the freight 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. All of the recipients of the FreightTech Award are highlighted below.Amerijet turns tables on Korean Air for opposing commercial permit. Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.The company’s corporate office is located in Griffith, Indiana. Services and Materials: Bulkmatic specializes in the transportation of shipments of items such as plastics, dry chemicals, and bulk food grade. Employees: The company employs between 1,001 and 5,000 employees. Revenue: $100M to $500M. Pricing: Contact Bulkmatic for pricing.WebMar 15, 2023 · El cofundador de TuSimple abandona el consejo mientras se investiga la caza furtiva de empleados. Xiaodi Hou habría intentado atraer a empleados a su nueva empresa. FreightWaves proporciona evaluación comparativa, análisis, monitoreo y pronóstico de la industria logística global de $ 9.6 billones. 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%.

Here are some of the small trucking companies that went bankrupt this year: Freon Logistics, 10 drivers. Navarro Trucking Group, 15 drivers. JCB Trucking Enterprises, 16 drivers. McClellan Trucking and Duran Transfer, 21 drivers. Elite Transportation, 25 drivers. Rooney Trucking, 37 drivers.

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.

The CDC’s mask regulation, issued on Friday, states that in addition to those operating noncommercial, private automobiles and those operated by the U.S. military, “commercial motor vehicles or trucks (weighing 10,001 pounds or more)” are exempt from the requirement “if the driver is sole occupant of the vehicle or truck.”.14 Apr 2023 ... Freight Waves, September 2022. Page 19. Okalahoma Freight Transportation Plan, 2023–2030. Chapter 4. The Freight Future. 4-19. Figure 4-12 ...Freight Industry News & Trends. The Future of Freight is a collaboration between FreightWaves and Convoy to highlight the businesses and individuals who are leading this change. Here you’ll find stories about supply chain professionals who are modernizing their operations, the technologies enabling the change, and best practices you can apply ...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 ...The USDA expects Ukraine to export 13.5 million tons of wheat in the 2022-23 marketing year, down 28% from 2021-22. However, it expects global exports to be up 4% year on year, largely due to a surge in exports from Russia. The USDA anticipates Ukraine to export 22.5 million tons of corn in 2022-23, down 17% year on year.FreightTech. 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 25.4 min. Yellow Corp. has chosen a $142.5 million bankruptcy financing package from Citadel and MFN Partners, according to a Thursday status update in a Delaware court. The proceeding also revealed that less-than-truckload carrier Estes Express Lines has set a floor valuation for Yellow’s 166 terminals by providing a $1.3 billion …Web11 Nov 2022 ... In a statement to Freight Waves, he won't confirm the number of dismissals, though. But C.H. Robinson admits intentions to lower costs, ...Nov 16, 2023 · Less than Truckload (LTL) Stay Up to Date on the LTL Industry. Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility ...

Nov 28, 2023 · Market deflation — President Joe Biden tweeted on Monday that his economic plan has brought shipping rates to a 25-year low. That same day the new White House Council on Supply Chain Resilience met and released this facts sheet . As many of you readers are aware, we’ve been in an extended freight recession since the spring of ’22. 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 to diversify their logistics networks. This aligns with the white paper’s findings, which reveal a heavy reliance on over-the-road trucking, used by 87% of survey participants.WebBeach waves make a great universal hairstyle for different hair types. It has caught on pretty fast with celebrities like the Kardashians, Nicki Minaj and Demi Lovato, among others rocking this style. It blends the casual beach vibes with a...The freight brokerage stated that it has up to 5,000 creditors and maintained that funds will be available for distribution to unsecured creditors. Sixteen of the 20 largest creditors are factoring companies, including RTS Financial Services of Dallas, owed nearly $2.5 million; Triumph Financial Services, also of Dallas, owed more than $1.4 million; and …WebInstagram:https://instagram. app like robinhoodcheap aircraft insuranceenphase energy neeschip manufacturers stock Trucker Tools. Trucker Tools helps empower brokers and carriers with real-time software intelligence.Its platform of over 315,000 carriers helps brokers match 98% of freight with reliable trucks. Trucker Tools’ Book-It-Now option also helps improve relationships with trusted carriers by fully automating many steps of the booking process …Web social security cuts 2033good place to retire in nevada A real-time proxy for the health of the national supply chain used by freight and non-freight businesses to make more accurate decisions. November 1, 2023 Index-Linked Contracts: A New Solution for Shippers’ Dissatisfaction with RFPs 21 Jul 2023 ... ... Freight webinar and we'll have a roundtable on the relationship between shippers and carriers as the market seems to be hitting a bottom. fidelity large cap growth fund Many carriers are already taking as much as they can, as Yellow’s freight bills per day have fallen by more than 30% in recent weeks, according to a source close to the carrier. When Celadon shut down in December 2019, the truckload industry readily absorbed the volume, but truckload networks are inherently more flexible than less-than …WebOur monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain ...