2024 Feightwaves - 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, …

 
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.. Feightwaves

3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM …Understanding The Data Deep Dive into SONAR SONAR Data By Category A glossary of our exclusive market indices showing granularities and frequency of the data. View Here SONAR Categories Have questions about the extent of data within SONAR? Not sure which indices to use? Choose from the following SONAR categories to learn more. SONAR …FreightWaves provides thought leadership and editorial content focused on the Global Supply Chain. At the core of each article or content piece is a focus on...Of the 135 markets, 50 reported higher rejection rates over the past week, though 36 of those reported increases of only 100 or fewer bps. Tender rejections did move up in Denver this week, even if not to mile-high heights. Denver’s OTRI rose 388 bps over the past week to 7.31%.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.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 …Oct 27, 2023 · 3 min. After 26 years in the transportation industry, with the past 12 years at the helm of the logistics company he founded and bootstrapped in 2011, Dennis Martin says he is winding down operations. In an exclusive interview with FreightWaves, Martin, CEO of SEL Supply Chain Solutions (SELSCS) of Fort Worth, Texas, said his year started off ... FY 2012-2023. Average per-mile spot rates for trucking fleets have hit $1.54, down 11.6% from 2022 and 34.4% from 2021, according to the FreightWaves National Truckload Index. At the same time, the costs of fuel, replacement parts, insurance and other key inputs have soared.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.Big rigs are limited by federal regulation to a maximum loaded weight of 80,000 pounds including cargo, so the actual amount of cargo a big rig can carry really depends on the type and weight of the truck when empty. But generally speaking, cargo payloads for big rigs or 18-wheelers are as follows: Refrigerated trailers or reefers: …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.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 ...Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday.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 emailLineage Logistics has raised nearly $7 billion in equity since early 2020. (Photo: Jim Allen/FreightWaves) Temperature-controlled storage and logistics provider Lineage Logistics has been reported to be pursuing a more than $30 billion initial public offering for next year. Backed by private equity firm Bay Grove, Novi, Michigan-based …F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!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 ... KSM Carrier Group. KSM, one of the top lease purchase trucking companies, has lease purchase programs that focus on empowering people who want to start their own business but lack the …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, …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 emailFreightWaves Staff Wednesday, November 1, 2023 Optimizing logistics management with quantum computing As large e-commerce businesses have raised consumer expectations, midsize and smaller logistics companies must keep up and provide the same on-time delivery, visibility and experience.Oct 27, 2023 · 3 min. After 26 years in the transportation industry, with the past 12 years at the helm of the logistics company he founded and bootstrapped in 2011, Dennis Martin says he is winding down operations. In an exclusive interview with FreightWaves, Martin, CEO of SEL Supply Chain Solutions (SELSCS) of Fort Worth, Texas, said his year started off ... New York — The RailTrends conference for 2023, last week’s gathering of many of the industry’s operating executives as well as those who finance, analyze or try to sell goods and services to the sector, had a cautiously optimistic tone that rail may soon be able to start to snag some market share from the trucking industry. It’s not a meeting at …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 …Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of $260 million in a Series ...The unified carrier, which has yet to announce a new name, will expand into Texas in the first quarter and will add Chicago at an undetermined time. The company on Thursday announced a 6.9% general rate increase on residential ground deliveries in 2023, which matched FedEx and UPS. But the OnTrac-LaserShip GRI is just for show.3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM experienced a ...21 Jul 2020 ... Jason Miller, associate professor at the Michigan State University Eli Broad College of Business, paints a bearish picture.Mar 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. 24 Nov 2023 ... F3 FreightWaves Sonar. 62 views · 8 days ago #logistics #trucking #news ...more. FreightWaves. 26.1K. Subscribe. 26.1K subscribers.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.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 email FreightWaves and Echo Global Logistics partnered to survey industry professionals in the supply chain, including shippers, carriers, 3PLs/brokers and others, to gauge their perceptions on market indicators, the state of consumer spending and predictions, upcoming budgets, and the digital tools they plan to implement.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.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 ... Sep 14, 2023 · 3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM experienced a ... From deep dives to fast facts, FreightWavesTV covers the world of freight like no one else. Start Watching Now On Demand Content Whether you like to watch on an Apple TV, …Nov 16, 2022 · FreightWaves SONAR recently released two new market analysis tools that provide lane-level rate benchmarking capabilities and insight into the future state of the domestic truckload spot market. Market Dashboard+ (MD+) , announced during the Future of Freight Festival earlier this month, is a multi-lane analysis tool designed to empower bid ... Oct 30, 2023 · 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: 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 …Aug 2, 2022 · Attorneys filing a successful PAGA action are entitled to a recovery of “reasonable expenses.”. Going to trial often can result in costs in excess of $300,000, he said. “So it’s a nightmare,” he added. At the end of the process, an employee might “walk out with $2.47.”. AB5, a law defining independent contractor status in ... Data: Descartes Datamyne) Imports have surged 33% from their recent low in February. October’s inbound volumes were the highest since August 2022, back when volumes were still inflated by the one-off pandemic boom. It was the third best October ever for the U.S. imports, with the exception of the boom-inflated months in 2020 and 2021.FreightWaves. 71,550 likes · 1,550 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.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 ...Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday. Nov 17, 2023 · The layoffs, which occurred Oct. 16, affected 55 truck drivers, four dispatchers and seven mechanics, according to a recent filing with the Texas Workforce Commission. FreightWaves’ Noi Mahoney reported the story. Nov. 4: Approximately 65 employees of Pittsburgh-based Elite Transit Solutions were laid off. 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 ...FreightWaves. Estes Express confirms cyberattack. 2 min. 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, …Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-funded freight forwarder, to acquire Convoy, a freight brokerage that shut down on Oct. 19. “Flexport’s strategy will be to offer a full range of trucking services to …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 ... Trimble acquired Kuebix for $200 million in 2020 to gain access to its network of more than 21,000 shipping companies. (Photo: Jim Allen/FreightWaves) Nashville,Tennessee-based FreightWise has acquired transportation management system software provider Kuebix from Trimble Inc. The acquisition was announced Thursday and …Drivers for Sunset Logistics were inspected 184 times and six were placed out of service, resulting in a 3.3% out-of-service rate. The national average is nearly 7%. The company’s insurance is slated to be canceled Nov. 4, according to FMCSA’s data. Over the past 24 months, its trucks have been involved in three injury crashes and 15 towaways.4 min. With the first requirements of California’s Advanced Clean Fleets (ACF) rule set to go in effect in just a few weeks, the California Trucking Association (CTA) has asked a federal court to block the regulation’s implementation. The lawsuit, filed Monday in the U.S. District Court for the Eastern District of California, requests both ...Mar 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. Crews can load a truck with 400 to 450 bee hives in 20 minutes to an hour. Since each hive houses a colony of about 50,000 commercial honeybees, a driver could move more than 22 million bees on a single truck. That is a valuable load, so truck drivers strive to avoid issues and loss of bee life on the journey.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 ...Keep up-to-date on freight industry insights and current events to improve your business strategy. Like what you see? Subscribe now.FreightWaves has confirmed that the Convoy load board went blank on Wednesday. Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by …The exact number fired hasn’t been confirmed. Millikin told FreightWaves in a statement on Monday that TQL, whose website states it has more than 5,000 employees, doesn’t “comment on employee matters.”. Several current TQL employees reached out to FreightWaves to defend their former colleagues, saying many of those recently fired …The transportation sector has recognized its role and is paving the way for a more sustainable future. From fuel efficiency and greenhouse gas reduction goals to hydrogen-powered aircraft and battery-electric trucks, sustainable transportation technologies are advancing every day. Tune in to the Net-Zero Carbon Summit to hear industry experts ...Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight …F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!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 email31 Oct 2023 ... we'll wrap the show with some economic indicators of what could happen in freight into Q2 of next year.4 min. The beleaguered freight division of Qantas Airways said late Thursday that it could take another two weeks for some key cargo terminals in Australia to dig out from the logjam of shipments caused by a troublesome switchover to a new cargo management system. Data from the legacy system was supposed to be integrated into the new one, …Oct 15, 2023 · 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. 2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).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 ...F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Dec 3, 2023 · FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Representing 8.7 million loads; Published 365 days of the year; Over 1,200 days of historical data; Views aggregated weekly or moving 7 day averages New York — The RailTrends conference for 2023, last week’s gathering of many of the industry’s operating executives as well as those who finance, analyze or try to sell goods and services to the sector, had a cautiously optimistic tone that rail may soon be able to start to snag some market share from the trucking industry. It’s not a meeting at …The California Highway Patrol has issued a final rule requiring ELD use by intrastate drivers on and after Jan. 1, 2024. The post What you need to know about the California intrastate ELD mandate ...Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-funded freight forwarder, to acquire Convoy, a freight brokerage that shut down on Oct. 19. “Flexport’s strategy will be to offer a full range of trucking services to …Nov 13, 2023 · 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. Tender 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 ...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 …Amerijet feels financial pinch as cargo business deteriorates - FreightWaves. Amerijet, racing to reverse the cargo airline’s negative cash flow after the recent firing of CEO Tim Strauss, is parking jets, deferring major maintenance and taking other steps to contain costs, according to public fleet databases and sources with intimate ...Transportation was responsible for 8.26 gigatons, or about 26%, of CO2 emissions globally in 2018, according to the International Energy Agency. That is equivalent to running more than 37 million trucks for a year. In the U.S., passenger and freight transportation was responsible for an even larger portion of the planet-warming GHG …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 ... Aug 29, 2023 · Company imposes 5.9% general rate increase on Express, Ground shipments. FedEx Corp. (NYSE: FDX) said Tuesday that it will raise its tariff, or noncontractual, rates on most of its U.S. services by 5.9% in 2024, a decline from the 6.9% increase in 2023 and a potential attempt to take market share from rival UPS Inc. (NYSE: UPS), which is facing ... Logistics behind holiday stocking stuffers and mapping Rand McNally’s ro… On today’s episode of WHAT THE TRUCK?!? Dooner has the retail rundown on Black…XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry. https://bit.ly/47HHhQzPlease note, we have recently updated this website and your password may have changed. If you have trouble logging in use "Forgot Password" and your emailAccording to load board Truckstop.com, marketplace fraud increased 400% from the fourth quarter of 2021 to the fourth quarter of 2022. This is the highest level the industry has seen since the tracking of fraud reports began in 2004. DAT told FreightWaves on Friday that it is aware of the post shared on X and appreciated the post.The event in Chattanooga, Tennessee, continues through Thursday. Fuller was part of a fireside chat discussing Convoy’s legacy and impact on the freight industry. He was joined onstage by FreightWaves’ JP Hampstead and Liz Ward, head of Zebox America. Convoy was founded in 2015 by Amazon veterans Dan Lewis and Grant Goodale.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!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).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.3 min. Brad Jacobs has chosen the vessel for his next act. The man who put together the XPO freight conglomerate and then sold it off in pieces to leave behind the LTL-focused XPO, stand-alone 3PL RXO and contract logistics company GXO is leading a $1 billion investment in a company called SilverSun Technologies, which is publicly traded on the ...Sources told FreightWaves that the attack brought down the company’s operations system — something Marten disputes. Regardless of what befell Marten, the incident marked the single largest publicly known cyberattack on a major carrier in 2021. Ransomware attacks can cripple operations at trucking and logistics companies by encrypting the ...Apr 1, 2022 · The national spot rate, after reaching an all-time high of $3.83 per mile in early January, now sits at just $3.34 a mile, which includes fuel surcharges and other accessorials. Of the 102 lanes from Truckstop.com’s load board, 25 reported spot rate increases last week, down from 36 lanes the week prior. Feightwaves

4 min. With the first requirements of California’s Advanced Clean Fleets (ACF) rule set to go in effect in just a few weeks, the California Trucking Association (CTA) has asked a federal court to block the regulation’s implementation. The lawsuit, filed Monday in the U.S. District Court for the Eastern District of California, requests both .... Feightwaves

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Wednesday, February 24, 2021. 0. In last week’s Passport intermodal weekly, we discussed the very visible impact that the snowstorm in the central states was... Read more. 1 2 … 9. Stay up-to-date on your #1 source for the latest transport, freight and …Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight transportation ...Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday. FreightWaves truckload freight coverage is your leading source of truckload news and information via freight data. Subscribe now for free.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.FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Representing 8.7 million loads; Published 365 days of the year; Over 1,200 days of historical data; Views aggregated weekly or moving 7 day averagesFreightWaves 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.Nov 28, 2023 · According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than ... FreightWaves has confirmed that the Convoy load board went blank on Wednesday. Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by …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.Big rigs are limited by federal regulation to a maximum loaded weight of 80,000 pounds including cargo, so the actual amount of cargo a big rig can carry really depends on the type and weight of the truck when empty. But generally speaking, cargo payloads for big rigs or 18-wheelers are as follows: Refrigerated trailers or reefers: …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.Nov 16, 2022 · Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight transportation ... 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.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.CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business and will be transitioning its current customers to RTS…Brasca’s name had been removed from the FourKites’ leadership team page as of Wednesday morning, while Subramanian’s and Slaby’s remained. Elenjickal told FreightWaves on Tuesday that these were “routine internal organizational changes.”. FourKites has had a total of eight funding rounds, the most recent in September 2022.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Oct 30, 2023 · 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: 4 min. With the first requirements of California’s Advanced Clean Fleets (ACF) rule set to go in effect in just a few weeks, the California Trucking Association (CTA) has asked a federal court to block the regulation’s implementation. The lawsuit, filed Monday in the U.S. District Court for the Eastern District of California, requests both ...Sep 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 ... Nov 28, 2023 · According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than ... BUY TICKETS. Receiving all the news, analysis, and insights you'll need to keep up with the evolving retail supply chain. Go ahead, we'd love to have you.Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of $260 million in a Series ...Major U.S. and European airlines ranging from Air Canada to United Airlines, Air France-KLM and Lufthansa Group reported revenue declines of 25% to 40% for cargo during the three-month period, with the Lufthansa Cargo freighter unit barely breaking even. Korean Air’s cargo revenue fell 51%. Logistics behemoth Kuehne+Nagel said revenue for ...Marvin Keller Trucking, 115 drivers. FreightWaves’ Clarissa Hawes reported that Illinois-based Marvin Keller Trucking filed for Chapter 11 bankruptcy on April 22. The company was established in 1965 and, according to a Federal Motor Carrier Safety Administration database, remains in business.It’s also not as easy to fix trucking as a slide deck might make it seem. 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.FreightWaves SONAR is the world’s first high-frequency market intelligence platform, offering a technical analysis dashboard and API suite that empowers clients with access to freight market developments, often weeks or months before competitors. The creation of SONAR was the brainchild of Craig Fuller, the founder of FreightWaves and the ...Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight transportation ...FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Representing 8.7 million loads; Published 365 days of the year; Over 1,200 days of historical data; Views aggregated weekly or moving 7 day averagesSep 15, 2023 · American approval of labor unions just hit its highest point since 1965, according to a Gallup poll. For the first time ever, a sitting president is even supporting strikes. Steven Greenhouse, a former longtime labor reporter at The New York Times, hesitated to say that we’re in a major uprising for American workers. F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Jan 29, 2023 · 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 ... 2018 was a good year for trucking, but with so much capacity added over the past five years, a reset to those levels is not cause for celebration. According to the Federal Motor Carrier Safety Administration, the number of trucks in the for-hire market is up 29% since early 2018. It will take time to bleed off excess capacity.We also use DAT to monitor supply curve trends and find the safest carriers and best prices. Feightwaves Sonar. Sonar gives us a comprehensive view of ...Oct 18, 2023 · Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of $260 million in a Series ... 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. Oct 30, 2023 · 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: by FreightWaves 19 mins ago • 5 min read In 2023, freight brokers moved over $150 billion of truckload freight supported by transportation management systems streamlining …FreightWaves was created at a time when freight brokerages morphed from a small part of the industry to a dominant force. FreightWaves owes a lot of our success to this reality. But much of the brokerage industry’s growth has been fueled by financing structures, such as venture capital (VC) and asset-based lines of credit.Nov 17, 2023 · The layoffs, which occurred Oct. 16, affected 55 truck drivers, four dispatchers and seven mechanics, according to a recent filing with the Texas Workforce Commission. FreightWaves’ Noi Mahoney reported the story. Nov. 4: Approximately 65 employees of Pittsburgh-based Elite Transit Solutions were laid off. It is hosted by Joe Lynch, who talks with logistics and supply chain leaders about innovation, industry trends and the future of the logistics business. On a recent episode, Lynch spoke with Adam Robinson, Vice President of SONAR Marketing at FreightWaves. Request a SONAR Demo. Lynch said, “When Adam worked at Cerasis, I worked at a 3PL and ...Sources told FreightWaves that the attack brought down the company’s operations system — something Marten disputes. Regardless of what befell Marten, the incident marked the single largest publicly known cyberattack on a major carrier in 2021. Ransomware attacks can cripple operations at trucking and logistics companies by …An investigation is underway after a FedEx cargo airplane skidded off a runway at an airport in Chattanooga, Tennessee, on Wednesday. The three people on board were uninjured. The incident occurred around 11 p.m. when a call came in that an airplane was experiencing a landing gear failure. In an ATC communication obtained by Local 3 …J.H. Walker Trucking has operated in Houston as an expedited oilfield transportation provider for over 30 years. The carrier utilizes everything from pickup trucks to cargo vans to 48-foot flatbed tractor-trailers to transport goods. Walker said his company operates over 200 trucks, delivering 700 to 800 average loads per day.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. Start Watching Now On Demand Content Whether you like to watch ...F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! 9 Jan 2020 ... New York Gov. Andrew Cuomo suggested Wednesday that his state may become the latest to jump on what might be called the AB5 bandwagon.files.freightwaves.comNew York — The RailTrends conference for 2023, last week’s gathering of many of the industry’s operating executives as well as those who finance, analyze or try to sell goods and services to the sector, had a cautiously optimistic tone that rail may soon be able to start to snag some market share from the trucking industry. It’s not a meeting at …Sep 25, 2023 · 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 ... Sep 13, 2023 · The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well. Keep up-to-date on freight industry insights and current events to improve your business strategy. Like what you see? Subscribe now.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.Volvo Trucks North America will show its SuperTruck 2 concept at the American Trucking Association's convention in Austin, Texas from Oct. 14-17. (Photo: Volvo Trucks North America) Volvo Trucks North America (VTNA) appears to have adopted a European rigid chassis design for its SuperTruck 2 design exercise in improved freight …Drivers for Sunset Logistics were inspected 184 times and six were placed out of service, resulting in a 3.3% out-of-service rate. The national average is nearly 7%. The company’s insurance is slated to be canceled Nov. 4, according to FMCSA’s data. Over the past 24 months, its trucks have been involved in three injury crashes and 15 towaways.Brasca’s name had been removed from the FourKites’ leadership team page as of Wednesday morning, while Subramanian’s and Slaby’s remained. Elenjickal told FreightWaves on Tuesday that these were “routine internal organizational changes.”. FourKites has had a total of eight funding rounds, the most recent in September 2022.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 openness to new, creative ideas that capture our audience’s attention and the willingness to work with us to bring ideas to fruition.A Flourish data visualization. FreightWaves targeted the survey at owner-operators from Feb. 9-17 and heard from roughly 120 carriers in all. More than three-quarters of those identified as owner-operators, and another 6.7% answered “no, but I was for part of 2022.”. Only results from current owner-operators were considered in the analysis.files.freightwaves.comFreightWaves LIVE. FreightWaves LIVE: Events Podcast. Trucking. Wanna succeed as a small carrier? Get to know your neighbor. The pandemic hype about $4-per-mile truck rates lasting forever crashed to earth in the past year, leaving disillusioned small carriers looking to get out. Read More ». 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. 71,550 likes · 1,550 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.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 companies in recent …UPS executives, who in the words of longtime transport analyst Donald Broughton were “looking to stop the bleeding,” agreed on July 25 to a five-year contract considered generous to the Teamsters and detrimental, at least in the relative short term, to UPS. The union said the contract, which the rank-and-file ratified in early September ...Lufthansa Cargo’s pretax profit plunged 100%, from $352 million (331 million euros) to $1 million year over year (y/y) behind a 43% drop in core transportation revenue to $771 million due to the airfreight market’s ongoing correction from the pandemic peak when cargo operators raked in cash because grounded passenger planes eliminated a ...The transportation sector has recognized its role and is paving the way for a more sustainable future. From fuel efficiency and greenhouse gas reduction goals to hydrogen …Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-funded freight forwarder, to acquire Convoy, a freight brokerage that shut down on Oct. 19. “Flexport’s strategy will be to offer a full range of trucking services to …Quicklook: Best Diesel Mechanic Schools. Best For Comprehensive Training: Lincoln Tech. Best For Manufacturer-Specific Training: Universal Technical Institute. Best For Alternative Hands-On Education: American Diesel Training. Best For Associates Degree Program: J-Tech. Best For Accelerated Training: WyoTech.FreightWaves' YouTube channel provides videos related to relevant content and industry news and information. Visit us at freightwaves.com and on LinkedIn, Facebook and …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 ... . Ansheur busch