Freight wave news.

Nov 13, 2023 · The freight market is suffering from very challenging conditions and few dispute that the freight market is in recession. The root cause of the current freight recession has been the imbalance of supply and demand. According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels. In the trough of the COVID shutdown, we called for a freight bull market – and nailed it. On April 15, 2020, I wrote the blog post “GOOD NEWS: THE FREIGHT MARKET IS ABOUT TO TURN UP.” At the time, the global economy had just shut down, most states had implemented drastic measures to contain COVID and unemployment hit …In partnership, Talon Logistics and FreightWaves conducted a survey focusing on North American supply chains across diverse industries. This survey revealed an intricate web of preferences, satisfaction levels and emerging concerns that should guide both shippers and logistics providers in strategic decision-making through 2024.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.

The National Motor Freight Classification, also known as the freight class number, of a commodity is typically assigned by a shipping company.

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 ...Project44 plans for ‘engineering-first’ focus. (Photo: Jim Allen/FreightWaves) Project44, a supply chain real-time visibility provider, confirmed Friday it has cut 63 global employees, just about 5% of its global workforce. According to founder and CEO Jett McCandless, the cuts impacted “no load-bearing positions” and were directed ...

Nov 29, 2023 · This week in Borderlands: Eternity Group Mexico unveils a tool for shippers to monitor their carbon footprints; Finkargo closes a $20 million Series A funding round; cargo-partner launches a cross-border shipping solution; and SKU Distribution receives foreign trade zone status for its Arizona warehouse. Stay up to date on your No. 1 source for the latest logistics, freight and transportation news from FreightWaves, your award-winning source for transportation news. Subscribe now. Noi Mahoney Wednesday, November 29, 2023 Canadian freight forwarder Farrow acquired by Kuehne+NagelFreightWaves' YouTube channel provides videos related to relevant content and industry news and information. Visit us at freightwaves.com and on LinkedIn, Facebook and Twitter.Check Call (3PL News/Analysis) Loaded & Rolling (Enterprise Fleet News/Analysis) Trending Now. Ocean Cargo; Truckload Index; Events; Value Based; SONAR. Learn More; Request a Demo; SONAR Knowledge Center; SONAR API Explorer; Events. F3: Future of Freight Festival 2023; The State of Freight Webinars; Webinars; …

Former drivers for Ameritrans Express owed millions of dollars in unpaid wages. Lisa Celli was excited to start her first day on Jan. 5 as a contractor delivering mail for the U.S. Postal Service in the small unincorporated town in California where she and her husband live. However, less than 24 hours after finishing her first route for ...

Apr 7, 2023 · The “partial rivalry” scenario should sound very familiar to those following current developments in ocean shipping, most visibly in tanker shipping, but also in container and dry bulk shipping. Geopolitics is cleaving global shipping systems into two, with the U.S. and EU leading one side and China and Russia leading the other, and some ...

The FreightWaves (NTI), is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market. NTI is calculated on a composite national aggregated level of the Rate Per Mile for fully enclosed, non-refrigerated, 48- or 53-foot trailers moved by Class 8 tractors. The index is based on eligible spot ...01 Sept 2023 ... NBC News•44K views · 53:10. Go to channel · Core Beliefs and Mindsets for ... #freightbroker #freight. Freight 360•1.2K views · 1:00:09. Go to ...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% ...Are you interested in the logistics industry? Do you have a knack for organization and problem-solving? If so, becoming a freight forwarder might be the perfect career path for you.26 Aug 2019 ... ... Freight Association, which represents road freight service providers. ... wave of. Reports. November 2, 2023 Report. “Working On Oil is Forbidden ...

Then the news broke that one of the most iconic freight brokers to come out of the venture era of freight tech funding would fail on the same morning. Convoy was a victim of a violent commoditized industry that is facing one of its deepest recessions in decades and a sudden change in investor appetite from risk to unit economics.Hapag-Lloyd and Yang Ming: Germany’s Hapag-Lloyd, the fifth-largest liner operator, increased capacity by 1.8% last year and by 64,800 TEUs or 4% over the past three years. At No. 9, Taiwan’s Yang Ming upped capacity by 60,724 TEUs or 9% since pre-pandemic. It was the eighth-largest carrier in early 2020.8 min. The video is worth a thousand words: A tube of mascara arrives in a box that’s multiple times its size and swaddled in layers of packing material to protect what is hardly a fragile product. James Malley, co-founder and CEO of Paccurate.io, a New York-based company founded in 2020 to help businesses optimize their packaging to reduce ...Check Call (3PL News/Analysis) Loaded & Rolling (Enterprise Fleet News/Analysis) Trending Now. Ocean Cargo; Truckload Index; Events; Value Based; SONAR. Learn More; Request a Demo; SONAR Knowledge Center; SONAR API Explorer; Events. F3: Future of Freight Festival 2023; The State of Freight Webinars; Webinars; …Nov 27, 2023 · 8 min. The video is worth a thousand words: A tube of mascara arrives in a box that’s multiple times its size and swaddled in layers of packing material to protect what is hardly a fragile product. James Malley, co-founder and CEO of Paccurate.io, a New York-based company founded in 2020 to help businesses optimize their packaging to reduce ...

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 email2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).

3 min. Two truckers who worked for the same Canadian carrier face federal drug charges in the U.S. after they were arrested four months apart in connection with seizures in Michigan of cocaine and methamphetamine worth millions of dollars, court records show. Prabhjot Singh was arrested on March 15 after Michigan State Police officers found 142 ... F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! Mar 8, 2023 · In line with pre-COVID volumes. On Tuesday, Descartes reported that February imports to all U.S. ports totaled 1,734,272 twenty-foot equivalent units. That’s down 16.2% from January, 25% year on year and 0.3% versus February 2019, pre-COVID. Imports from China were particularly weak, given COVID issues and the Lunar New Year break. Consulting firm FTR Transportation Intelligence expects rail intermodal to face a tough year in 2023 amid weaker demand, a competitive truck market and a shift in U.S. port activity away from the West Coast to East and Gulf ports that utilize shorter inland hauls. All of the rail intermodal segments — domestic and international — “are ...Supply chain data startup FreightWaves has raised $16 million in a new round of funding for its sustainability platform, the company said Wednesday. Subscribe …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.The FreightTech 25 will be announced next month. FreightWaves – the industry-leading provider of news, data and analytics for the logistics markets – has announced the winners of the 2021 FreightTech 100 Awards. The world has faced significant collective hardship this year, throwing both the markets and people’s everyday lives for a …FreightWaves' YouTube channel provides videos related to relevant content and industry news and information. Visit us at freightwaves.com and on LinkedIn, Facebook and Twitter.

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.

Apr 5, 2023 · Of that total, 58% were inactive because vessels were in shipyards, with only 42% commercially idle. The amount of commercially idle tonnage peaked in mid-February at 850,417 TEUs. As of late March, Alphaliner data showed commercially idle tonnage was down to 606,943 TEUs. That’s a six-week drop of 242,474 TEUs or 29%.

Transport Topics is the nation's logistics and trucking news leader, with award-winning coverage of the regulatory, technology, business, and equipment ...2 min. Seattle-based logistics provider Flexe, which hit a $1 billion valuation last year, has laid off a third of its workforce. A Flexe spokesperson confirmed Wednesday via email to FreightWaves that the company had made “the difficult decision to part ways with 33% of staff. We are sincerely saddened to lose such great talent.Apr 7, 2023 · The “partial rivalry” scenario should sound very familiar to those following current developments in ocean shipping, most visibly in tanker shipping, but also in container and dry bulk shipping. Geopolitics is cleaving global shipping systems into two, with the U.S. and EU leading one side and China and Russia leading the other, and some ... 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%.Apr 25, 2023 · 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). 1 min. The December 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates. In this report, you will ...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.Dec 31, 2022 · A look back at year of geopolitical unrest, easing pandemic effects. Three key drivers shaped ocean shipping markets in 2022: the end of the container boom, Russia’s invasion of Ukraine and China’s worsening economic and geopolitical situation. Here’s a look back at this year’s coverage of how each driver impacted shipping rates and ... Container imports bound for the U.S. have dropped over 36% since May 24. (This index measures departing container volumes at the port of origin). This is a troubling sign for domestic U.S. freight markets that have been benefiting from an unprecedented surge of containerized import volumes over the last 18 months.

... cargo. “We don't know yet if the third lockdown wave will extend the peak because people stay at home and shop more on Amazon and Zalando or if it will ...Nov 13, 2023 · The freight market is suffering from very challenging conditions and few dispute that the freight market is in recession. The root cause of the current freight recession has been the imbalance of supply and demand. According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels. The air freight forwarding industry is responsible for making sure shipments from one country to another are fully completed. They handle everything from storage and inventory management, to customs clearance, international export, import documentation, and more. Because of their expertise in international shipping, air freight forwarders also ...Instagram:https://instagram. biotech fundsnyse metcityfundsustainable agriculture summit 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 data and actionable intelligence. where to buy gold futuresdata center stocks Quicklook: Best TMS freight broker software in 2024. Best for integration with existing software: Rose Rocket TMS. Best for small- to medium-sized businesses: Truckbase. Best for real-time visibility and insights: Trucker Tools. Best for large brokerage businesses: Trimble. Best for LTL freight brokers: Transport Pro. quantum computing stock The number of insured cargo trucks stolen in Mexico increased 22.9% year over year to 8,553 units in 2022 compared to ’21, according to a recent report from the Mexican Association of Insurance Institutions. Kenworth tractor-trailers were the most stolen cargo trucks last year, totaling 1,902 units, followed by Freightliner at 714.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 ...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 ...