Freight wave.

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, executives said.Today’s rate wars may seem amplified compared to the 2020-22 cycle when pandemic-related delivery volumes spiked hard and carriers had the effective run of the pricing table. In contrast, delivery demand today is quite soft, mirroring the broader goods-ordering weakness pervading the general economy. Parcel carriers invested billions of ...A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S. Read More ». John Gallagher Wednesday, November 22, 2023.Nov 10, 2023 · 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. Estes Express on Tuesday confirmed that it has been the target of a cyberattack. The Richmond, Virginia-based LTL carrier did not share details about the attack or what areas of the company have been impacted. In a statement posted Tuesday morning on X, formerly known as Twitter, the company said, “… our terminals and drivers are ...

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 ... Supply Chain Events & Logistics Conferences. Join us for the latest insights on emerging issues and trends within the transportation industry. 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 ...

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Those ships are generally in the 8,000- to 14,000-TEU range. Ships in that size range can carry between 2.5 million and 3.5 million gallons of fuel. The amount of fuel actually be used on a sailing depends primarily on the ship’s speed. Most ship engines have been designed for top speeds ranging between 20 and 25 knots per hour, which is ...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.Shipping brokers work as intermediaries between shippers and carriers. The broker does not own the goods in need of transportation nor do they have a transportation company to move the goods. They simply work with the two parties to reach favorable terms and contracts between the two. The freight industry is complex and growing rapidly …Companies Hiring. FreightWaves is the leading provider of news and data to the global freight industry. The company is hiring for sales, data-science, economics, and editorial. Click here to view open positions. Redwood Logistics is the fastest growing and most innovative 3rd party providers, leveraging over 1 billion dollars in freight spend ...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.

Estes Express on Tuesday confirmed that it has been the target of a cyberattack. The Richmond, Virginia-based LTL carrier did not share details about the attack or what areas of the company have been impacted. In a statement posted Tuesday morning on X, formerly known as Twitter, the company said, “… our terminals and drivers are ...

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 ...

This special FreightWaves subscription service offers unparalleled deep research, analysis and insight on trends and conditions in the freight market. Passport clients have the best holistic transportation research available, based on high frequency datasets and deep networks in the freight industry. Passport provides the most up-to-date ...Sep 11, 2020 · FreightWaves estimates the total cost of operating a truck at about $210,000 annually (or about $1.76 per mile) based on the average truck driver driving 120,000 miles per year (400 miles per day, 6 days a week, 50 weeks per year). Assuming a driver can obtain $2 per mile (including fuel), this would mean that the average carrier drops $30,000 ... Offering W2 drivers $95,000 to $105,000 annually - plus a sign-up bonus, referral bonus, benefits & 24/7 driver support. It's no wonder why Real Trucking attracts the best drivers in the business!The generally positive momentum for charter rates comes against a backdrop of fairly tepid container freight rates. The Freightos Baltic Daily Index (China-North America), covering the trans-Pacific trade, is down 10 percent from May 1 and has been relatively flat throughout this month after its plunge and quick recovery in late May.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.

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 ...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 ...The U.S. Department of Labor said this week it is still seeking nearly 1,400 Arizona drivers who are owed up to $5.6 million after a victory in a misclassification case that was settled in November. freightwaves.com. DOL seeks misclassified Arizona delivery drivers who are owed millions.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 ... Wave BL for. Ocean Carriers · Become a leader in your industry! · THE NEED.Quicklook: best load boards for truckers. Best for specialized vehicles or loads: Truckstop. Best for last-minute loads: Uber Freight – Find Loads. Best for free load board: TruckSmarter. Best for expanding companies: Convoy – Find Loads. Best for cost value: 123Loadboard – Find Loads. Best for customized features: Direct Freight – Find ...Also, the type of freight hauled influences the insurance premium. HIgh-value loads hauled over long distances are more expensive to cover. Deductibles. The deductible has a direct effect on the insurance premium. A higher deductible is the best way to save money on monthly premiums. But this is risky because it means paying more …

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%.

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.Join us as we explore how to make disruptions a thing of the past and look at emerging trends.CHATTANOOGA, Tenn. — From his position as CFO and chief revenue officer of one of the largest truck-specific insurance companies, Thom Albrecht can see trucking capacity bleeding out of the market. In one of the final fireside chats at FreightWaves’ F3: Future of Freight Festival in Chattanooga, Tennessee, on Thursday, …Freight Market Blog; White Papers; Case Studies; Release Notes; Articles; Daily Tips; Inside SONAR; Index Reference Guide; FreightWavesTV; Webinars; …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.The U.S. Department of Labor said this week it is still seeking nearly 1,400 Arizona drivers who are owed up to $5.6 million after a victory in a misclassification case that was settled in November. freightwaves.com. DOL seeks misclassified Arizona delivery drivers who are owed millions. 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 ...18 de out. de 2018 ... Transportation and logistics (T&L) companies have embraced advanced analytics in their operations, allowing them to run sophisticated global ...

More news of bankruptcies came from the logistics sector, a further indication that this bloodletting cycle will be death by a thousand cuts. A 12-year-old brokerage in Fort Worth, Texas, SEL Supply Chain Solutions struggled to overcome a failure cascade that started with the theft of a $700,000 load earlier this year.

As we come closer to the end of 2023, it makes me reflect on the past 12 months. And although the initial reaction might be that there has been a lot of negative news and events in the logistics industry such as strikes, bankruptcies, security incidents, weather events, etc., there are also many positive things that occurred in the last year.

Freight benchmarking, a core feature of SONAR, allows users to compare their monthly performance to the market—data on everything from gross margin to empty miles and revenue per tractor per week from hundreds of carriers and 3PLs. Wave BL for. Ocean Carriers · Become a leader in your industry! · THE NEED.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 ... Forecast. Using SONAR, you can project freight rates, fuel, operating costs, equipment values, and market activity—for the next 24 hours and all the way up to a year. SONAR’s comprehensive and high-frequency data from across global freight markets is combined with the most comprehensive forecasting tools in the industry, providing users ... 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 …So, how do salaries and other compensation differ among regions? In April, FreightWaves conducted a survey of 286 freight brokers in the U.S., from each of the nine geographic subdivisions designated by the Census Bureau, to learn more about base salaries, commissions and talent. The survey found that the median entry-level base …Quicklook: Best Flatbed Trucking Companies. Best For Large Jobs with Multiple Pieces of Freight: Daseke, Inc. – Match Now. Best For Flexible Transportation Solutions: Landstar System, Inc. – Match Now. Best For Tight Deadlines: Anderson Trucking Service – Match Now. Best For Regional Shipping: Bennett Motor Express – Match Now.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.TForce Freight pickup and delivery drivers will be driving less and taking on more freight as TFI International pushes efficiency in its U.S. LTL operation, says TFI’s CEO. Read More » Nate Tabak Wednesday, December 22, 2021 TForce Freight drivers win small victory in truck speed fight TForce Freight has rolled back the speed …However, the shipper is not solely responsible for delivering the goods to the consignee. Once the shipper transfers the freight to the carrier, the transporting entity then assumes liability and ownership of the cargo. If the cargo is damaged, delayed, or lost while in transit, the carrier will often be responsible for absorbing these costs.Yard vision and automation represent the future of efficient yard management. With cameras, Internet of Things, AI and automation, companies can unlock unprecedented visibility into their yard operations, optimize resource allocation, enhance security and reduce operational costs. These innovations, as provided by vendors like …

29 de ago. de 2023 ... BW LPG predicts a wave of high freight rates to wash in by 2024. Norwegian gas carrier had a turnover in the first half of the year USD 130m ...Some freight brokers earn a base salary plus commissions and others are paid on commission only. According to FreightWaves 2019 freight brokerage compensation survey, the median entry-level salary for a freight broker is $40,000 per year with an average commission of 13% to 15% of gross margin on loads. Source: FreightWaves …Ancora says Omni has unleashed "an army of aggressive law firms" on it after pushing back on the merger attempt. (Photo: Jim Allen/FreightWaves) Ancora Holdings Group, an activist investor in Forward Air, says Omni Logistics is “seeking to intimidate and threaten” it by “sending legal missives ...Those ships are generally in the 8,000- to 14,000-TEU range. Ships in that size range can carry between 2.5 million and 3.5 million gallons of fuel. The amount of fuel actually be used on a sailing depends primarily on the ship’s speed. Most ship engines have been designed for top speeds ranging between 20 and 25 knots per hour, which is ...Instagram:https://instagram. fihbxrivn newsbest stocks 2023wtai etf 26 de set. de 2023 ... What is the impact of Estes winning bid of Yellow Trucking's equipment? FreightWaves•46K views · LIVE. Go to channel · FOX Weather Live Stream: ...Welcome 5/19/21 9:00 am Tim Dooner Host of WHAT THE TRUCK?!? FreightWaves Speaker Bio Michael Vincent Freightcaster FreightWaves Speaker Bio Keynote with … how to buy ford stockbest medicaid plan in pa 2023 Port Houston sees monthly gains in autos, resin shipments. Port Houston hit a record for monthly container volumes, handling 344,163 twenty-foot equivalent units in July. The monthly total was a 5% year-over-year (y/y) increase compared to the same period last year. Year to date, the port handled 2.2 million TEUs at its two terminals, only 1% ... apple movie trialers Best for emergency financing: Mission Financial Services. Best for owner operators with bad credit: Tucker Capital, LLC. Best for flexible semi truck financing: Clear Path Financial. Best for high maximum loan amounts: First Capital Business Finance. Best for fast funding decisions: Perry Funding, LLC.29 de set. de 2023 ... The CRISI grants that go to rural areas can provide the necessary funding to keep rural areas connected to the nation's freight and passenger ...