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FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank.Dec 2, 2022 · Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 30 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers. This week’s Pricing Power Index is based on the following indicators: In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ...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.Express, Inc. 8.80. +0.20. +2.39%. An online auction is slated for Tuesday to sell the assets of Minnesota-based Twin Express Inc., which had more than 70 power units, after the trucking company ...

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.

So far in 2023, FreightWaves has reported on only seven bankruptcies, a little more than one a month. The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year ...1 company has taken care of the logistics since 1982. Did you know the same company has delivered the holiday tree to Rockefeller Plaza in New York City since 1982? This year the famous Christmas tree that lights up Rockefeller Plaza is from Vestal, New York. The tree has been a tradition in the plaza since 1931.

FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank.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’ …So far in 2023, FreightWaves has reported on only seven bankruptcies, a little more than one a month. The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year ...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’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank.

Nov 6, 2023 · 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.

CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business and will be transitioning its current customers to RTS…

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 ... Bankrupt Bed Bath & Beyond files $100M+ mega-claim against MSC. MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged …U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days.Podcast. FreightWaves is proud to present its award-winning WHAT THE TRUCK?!? podcast in conjunction with Put That Coffee Down, FreightWaves Insiders, Morning Minute, & more. Timothy Dooner Friday, August 18, 2023.An Elite Transit spokesperson wrote in an email to FreightWaves that “there are still employees” working at the freight brokerage. After initially firing the majority of Elite Transit’s remaining workforce via Microsoft Teams on Nov. 3, which ex-employees stated was around 65 employees, Johnson kept on around 10-12 employees.Sep 26, 2022 · FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.

SONAR’s van contract rate index, which is derived as the national average contract rate from over $40 billion of actual contracted loads between shippers and carriers, is currently at $2.74/mile, down from a high of $2.98/mile set on June 3, 2022. The drop of $0.24/mile represents a 9% drop in two months — and reverses all of the contracted ...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.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!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.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 ...

Our FreightWaves TV events and freight conferences give you the opportunity to make connections, stay up-to-date and prepare for what lies ahead. Get started by exploring upcoming FreightWaves events below and registering now. mark your calendar Upcoming Events. Domestic Supply Chain Summit December 13, 2023

Maersk began the year with 110,000 global employees. Year to date, it has cut 6,500 jobs, which it has not previously disclosed. It has now decided to cut a further 3,500 jobs, including 2,500 by year-end and 1,000 in 2024. The total reduction — 10,000 layoffs — will reduce global headcount by 9%. “This is not a diet.Feb 3, 2022 · FreightWaves Insiders – Episode 1: The Sultan of SONAR. This is FreightWaves Insiders. Step inside the tribe as our market experts share their boots-on-the-ground experience from the front lines of FreightTech’s emergence. On our first episode, Zach “The Sultan of SONAR” Strickland joins Tim Dooner to discuss how his experience in ... The indexes, which are derived from surveys of carriers, brokers and shippers, measure near-term and longer-term profitability, workforce and business investment sentiment. For the first time since we started tracking sentiment in Q4 2022, an overall score has fallen into the negative. FreightWaves SONAR: NTI.USA (white) and NTIF.USA (green).Alaska Air will take over cargo transportation for e-commerce giant Amazon when it concludes a deal announced Sunday to acquire Hawaiian Airlines in a stock-and-debt transaction worth $1.9 billion. Whether the Amazon transportation services agreement is eventually modified is unclear, but Alaska’s CEO said it could spur further investment in ... FreightWaves announced on Wednesday the latest FreightTech 100 — a selection of the most innovative companies in the freight technology space. This is the fifth annual iteration for the award. Over the past few months, FreightWaves has received more than 1,500 nominations for 423 companies.Quicklook: Best Trucking Companies Hiring Inexperienced Drivers. Best For Training: Roehl – Quick Apply Now. Best For Flexible Home Time: Fraley & Schilling – Match Now. Best For Innovation and …MAY 19-20, 2021 // VIRTUAL EVENT. It’s back and bigger than ever. After the volatility of 2020, FreightWaves LIVE @HOME will examine what you can expect for the rest of the …A FreightWaves analysis of the Postal Service’s top suppliers reveals that the agency’s reliance on brokers has boomed in the past nine years. The Postal Service counted three brokerage firms among its top 150 suppliers in fiscal year 2013, totaling $85 million. By fiscal year 2021, at least 11 firms that primarily provide brokerage ...Railroads are skeptical of EPA's emissions reporting proposal. (Photo: Jim Allen/FreightWaves) WASHINGTON — A Biden administration proposal to change how rail carriers report air emissions data is getting pushback not just from rail companies but from state government agencies as well. The Environmental Protection Agency’s proposed …Inspired by the word “quantum,” the name honors the company’s roots and spotlights its aspirations in chemical transportation as the combined revenue for the specialized logistics company exceeds $500 million, according to company sources. “The rebrand to Quantix will continue to pay homage to A&R’s 50-year history during which we ...

Air Canada remains committed to growing its startup freighter division despite canceling an order with Boeing last month for two 777 freighters, said CEO Michael Rousseau on Monday. Air Canada (TO: AC) reported a 24% drop in third-quarter cargo revenue compared to the same period last year, to $155.5 million (CA$215 million), due …

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Please note, we have recently updated this website and your password may have changed. If you have trouble logging in use "Forgot Password" and your emailTender rejections off to strong start in 2021. · Saturday, January 09, 2021. Photo: Jim Allen/FreightWaves. Due to its calculation and presentation as a seven-day moving average, OTVI remains distorted by the New Year’s holiday. However, even in its trough, we can compare year-over-year (y/y) growth. On an adjusted basis after removing the ...The World's Freight Market Forecasting and Analytics Platform | FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity ...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. UPS Airlines (NYSE: UPS) flights to Israel are still suspended, spokeswoman Michelle Polk said. “UPS is closely monitoring the situation and we have temporarily suspended operations in Israel including all inbound and outbound flights until further notice,” the Atlanta-based logistics integrator said in an online service bulletin.Car hauler Jack Cooper Transport has been rumored to be behind a bid for Yellow Corp. just four years removed from its own bankruptcy. The post Jack Cooper Transport named as Yellow suitor ...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 ...MAY 19-20, 2021 // VIRTUAL EVENT. It’s back and bigger than ever. After the volatility of 2020, FreightWaves LIVE @HOME will examine what you can expect for the rest of the …Please note, we have recently updated this website and your password may have changed. If you have trouble logging in use "Forgot Password" and your emailSep 7, 2023 · Carrier’s tonnage should inflect positively soon. Old Dominion reported a 6% increase in shipments from July to August. (Photo: Jim Allen/FreightWaves) Operating metrics for less-than-truckload carrier Old Dominion Freight Line saw a sharp inflection in August when compared to July. The company attributed the change to the shutdown of Yellow ... 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 SONAR’s price, demand, and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor, and forecast the global physical economy.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.

Van rejection rates are driving the decline in the overall OTRI, as the Van Outbound Tender Reject Index (VOTRI) is now at 12.96%, 189 bps lower on a w/w basis. Capacity conditions in the reefer market continue to ease, as the Reefer Outbound Tender Reject Index (ROTRI) fell 386 bps to 22.19%.Jul 18, 2023 · The Teamsters union has threatened to strike by Monday if this is not resolved and the pension contributions remain in default. The company owes $50 million, a large sum for a company in financial distress. Yellow currently has in excess of $100 million in cash reserves, according to an 8-K filed on July 7. If a strike comes to pass, this would ... Purchase: A freight broker purchases a surety bond from a surety company or bond agency. The FMCSA requires a bond of at least $75,000, but you should also research your state’s requirements. Obligation: The freight broker must abide by the rules and regulations laid down by the FMCSA and any state-specific laws.Instagram:https://instagram. best options exchangeai stovkmoomoo otc tradingautozeon Noi Mahoney. · Monday, September 25, 2023. There were 582 cargo thefts in Canada and the U.S. during the second quarter, according to CargoNet. (Photo: Jim Allen/FreightWaves) Listen to this article. 6 min. Truckload carriers across the U.S. saw a sharp rise in cargo thefts during the second quarter — with thieves targeting everything from ... barrick gold stock forecastbest sandp 500 fund 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’ … is my half dollar worth anything Join us June 21-22, 2023, to learn first-hand how companies are digitally transforming the management of their supply chains. The greatest minds in the transportation, logistics …News that moves you. Our award-winning team combines the best in broadcast journalism with the diesel in our veins as we bring you the inside scoop on what’s happening in freight right now. From deep dives to fast facts, FreightWavesTV covers the world of freight like no one else.