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Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. TForce Freight drivers to reduce miles, handle more freight. 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.WebNew Wave Holdings News: This is the News-site for the company New Wave Holdings on Markets Insider Indices Commodities Currencies StocksAir Freight Market Update & Trends. Year-to-date 2023 demand continues to decline but has begun to level off, rates continue to decline. Demand Vs. Capacity. IATA forecasts air cargo demand decline to be -4.1% in 2023 year-over-year. Year-to-date 2023 IATA demand is at -6.1% and capacity has grown at +8.7%.4 min. Yellow Corp. has chosen a $142.5 million bankruptcy financing package from Citadel and MFN Partners, according to a Thursday status update in a Delaware court. The proceeding also revealed that less-than-truckload carrier Estes Express Lines has set a floor valuation for Yellow’s 166 terminals by providing a $1.3 billion …Web

19 Jul 2023 ... July's freight market update covers sluggish freight volumes, spot and contract rates, and the returning balance of the freight market.2024 is set to be a record-breaking year again with an estimated 3 million TEUs of new capacity entering the market. This combination of excessive available capacity and low …

Now with the FreightWaves mobile app experience, subscribers have in the palms of their hands the fastest and easiest way to navigate the freight market.Pilots who sign on with PSA will fly Bombardier CRJ700 and CRJ900 aircraft with about 65-70 seats, and earn a starting wage of $150-$217 per hour, depending on seniority, according to the PSA recruiting page. PSA’s website says pilots can move up to American Airlines in five years. It’s not clear if FedEx pilots will be on an expedited track.Web

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 ...Quicklook: Best Freight Brokerage Companies. Best For Hard-To-Book Freight: GP Transco. Best For Large, Frequent Shipments: C.H. Robinson Worldwide. Best For Fresh, Affordable Supply Chain Solutions: Coyote Logistics. Best For Modern Cargo With Detailed Freights: XPO Logistics. Best For Small- To Medium-Sized Businesses: …WebQuicklook: Best Trucking Companies in Florida. Inland Transport – Match Now. Schwend, Inc. – Match Now. Williams Trucking Company, Inc. – Match Now. East Florida Hauling – Match Now. Lake Trucking Company – Match Now. Service Trucking, Inc. – Match Now. Freight Hub Group – Match Now. Atlantic Truck Lines – Match Now.WebSONAR is the only platform with a complete view of everything moving in the global freight economy. Exclusive insights and actionable intelligence across all modes. Know the market today and forecast the future. SONAR's platform provides the most up-to-date map of the global supply chain and continuously updated forecasts of the future.11 Nov 2022 ... In a statement to Freight Waves, he won't confirm the number of dismissals, though. But C.H. Robinson admits intentions to lower costs, ...

Ontario looking to extend the fuel tax rate cut to Q2 2024. Since July 1, 2022, Ontario has lowered the gasoline tax by 5.7 cents per liter and the fuel tax by 5.3 cents per liter. Proposed legislation extends …Web

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 recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year. The survey included 76 owner-operators and a majority of those polled, about 70%, hauled dry van trailers. What stood out most in the data was the reported worsening conditions …Quicklook: Best Trucking Companies in Florida. Inland Transport – Match Now. Schwend, Inc. – Match Now. Williams Trucking Company, Inc. – Match Now. East Florida Hauling – Match Now. Lake Trucking Company – Match Now. Service Trucking, Inc. – Match Now. Freight Hub Group – Match Now. Atlantic Truck Lines – Match Now.WebFreightWaves will be bringing the F3: Future of Freight Festival to its home city of Chattanooga, Tennessee, on Nov. 8-10. Several thousand freight executives, supply chain leaders and industry stakeholders are expected to descend on Chattanooga – named one of America’s most livable cities – for the in-person event, which will take place ...Yellow’s plan to close nine terminals emerged last week after it issued a notice to the Teamsters. The proposal also calls for the consolidation of 20 YRC Freight and Reddaway facilities and the realignment of ZIP codes in the West. Yellow ( NASDAQ: YELL) reported its best first quarter in six years after the market closed Tuesday. Chattanooga, Tennessee—the heart of Freight Alley and home to FreightWaves—will come alive once again with the largest festival in freight November 7-9, 2023. The second annual F3: Future of Freight Festival will converge in the Scenic City at the Chattanooga Convention Center, bringing together experts, entrepreneurs, industry leaders ...

Amerijet isn’t alone dealing with tighter budgets during a freight recession in which global air cargo volumes fell 8% year over year in 2022 and another 6% year to date in 2023. Amerijet is privately held, so getting a full financial picture isn’t possible. Cargo revenue at public passenger airlines and logistics companies, which serves as ...Our monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain ...17 min. The death of Convoy has been one of the biggest stories in both tech and freight media over the past week. While the freight market has suffered a number of major shutdowns, few were as sudden as Convoy’s. After all, Yellow was a much bigger company, but it died a very slow death, and because it was a publicly traded company, we all ...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 economic situation,” according to sources familiar with the layoffs. Read More » Clarissa Hawes Friday, October 27, 2023 ‘Fraud, theft and abuse’ force Texas freight brokerage ...Nov 27, 2023 · Freight forwarder Flexport picked up a surprising endorsement from the White House during this month’s Asia-Pacific Economic Cooperation (APEC) forum for its new initiative to help customers reduce their supply chain emissions for airfreight shipments. The Biden administration highlighted efforts to decarbonize aviation at the meeting in San ... The largest remaining backlogs are off Savannah (left) and Houston (right) on Friday. (Maps: MarineTraffic) The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday. The bad news is that there were still 99 container ships offshore and the pre-COVID norm was in the single digits.WebA temporary restraining order has been issued blocking asset-light transportation provider Forward Air’s recent merger agreement. A complaint filed by three shareholders, who are also former employees, said shareholders weren’t allowed to vote on the transaction as required by Tennessee law. The 3rd District Chancery Court in Greeneville ...

Quicklook: Best GPS trackers for trailers. Best for reefer tracking: Samsara. Best for TMS integration: Verizon Connect. Best for asset protection and efficiency: Azuga. Best for user-friendliness: Matrack – Find a GPS. …

Robotics strategy is not one size fits all — At Your Doorstep. Modern Shipper provides news and information on the gig economy, including last-mile and on-demand delivery, e-commerce, fulfillment, direct-to-consumer, drones & autonomous vehicles, electric vehicles, and related technologies.FreightWaves is shaking up the industry once again with an all new freight experience. We’re bringing together the greatest minds in the transportation, logistics and supply chain industries to share insights, predict future trends and showcase emerging technology at The Future of Supply Chain. This premiere event will include exclusive VIP experiences, …The National Retail Federation says inventories are in balance with no apparent stockouts or overstocks as highlighted in Mark Solomon’s article. The SONAR chart above shows the seasonally adjusted retail inventory-to-sales ratio at 1.36 at the end of September (updated Nov. 15), up 2.3% y/y, which is roughly in line with what Mastercard ...3 Mei 2022 ... The largest freight flows are concentrated on a relatively small number of corridors. Figure 8 highlights segments of the freight transportation ...Yellow’s plan to close nine terminals emerged last week after it issued a notice to the Teamsters. The proposal also calls for the consolidation of 20 YRC Freight and Reddaway facilities and the realignment of ZIP codes in the West. Yellow ( NASDAQ: YELL) reported its best first quarter in six years after the market closed Tuesday.Editor’s note: A previous version of this story incorrectly referred to the Seattle-based company as Convoy Logistics. It is, in fact, Convoy Inc. and is not affiliated with Convoy Logistics, a freight brokerage based in Crossett, Arkansas, nor it is affiliated with Convoy Systems out of Kansas City, Kansas. A change is brewing in the next day or …An incident wave emanates from a source of wave production. If there is a boundary from which this wave is reflecting, the returning wave is known as the reflected wave.2 min. Super-regional parcel delivery carrier OnTrac will raise its 2024 tariff rates by a blended average of 6.2%, with shorter-haul traffic being charged less than longer hauls. Rates on parcels moving 600 miles or less will increase, on average, by 5.9%. For shipments moving 600 miles or more, a 6.4% rate increase will apply.Freight Forwarding is an essential part of any international shipping activity. What are the scams some may try to inflict on you and how do you avoid them?28 Okt 2022 ... Comments1 · Court filings show how 6-year-old boy who shot Virginia teacher got mom's gun · The Great Trucking Purge continues as freight rates ...

Nov 27, 2023 · 7 min. The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. In announcing the plan Monday, White House officials said the strategy of using both domestic tools and international partnerships can help diversity and strengthen the U.S. supply chain.

FreightWaves is shaking up the industry once again with an all new freight experience. We’re bringing together the greatest minds in the transportation, logistics and supply chain industries to share insights, predict future trends and showcase emerging technology at The Future of Supply Chain. This premiere event will include exclusive VIP experiences, …

The USDA expects Ukraine to export 13.5 million tons of wheat in the 2022-23 marketing year, down 28% from 2021-22. However, it expects global exports to be up 4% year on year, largely due to a surge in exports from Russia. The USDA anticipates Ukraine to export 22.5 million tons of corn in 2022-23, down 17% year on year.Israel-based ZIM (NYSE: ZIM ), which released blockbuster quarterly results on Wednesday, is pouncing on short-term gains. Liner giant Maersk used the rate spike to increase long-term contract coverage by 20%, including multiyear contracts of up to three years. Maersk CEO Soren Skou emphasized that his company’s focus “ has not been to ...Get the latest breaking news and stay on top of the stories that matter most. CLICK HERE FOR FULL EXPERIENCE Available on your favorite devices LEARNWebAir Freight Market Update & Trends. Year-to-date 2023 demand continues to decline but has begun to level off, rates continue to decline. Demand Vs. Capacity. IATA forecasts air cargo demand decline to be -4.1% in 2023 year-over-year. Year-to-date 2023 IATA demand is at -6.1% and capacity has grown at +8.7%.The freight brokerage stated that it has up to 5,000 creditors and maintained that funds will be available for distribution to unsecured creditors. Sixteen of the 20 largest creditors are factoring companies, including RTS Financial Services of Dallas, owed nearly $2.5 million; Triumph Financial Services, also of Dallas, owed more than $1.4 million; and …WebSep 3, 2023 · The chart is measuring the market in weeks; green is expansion, red is contraction. As capacity continues to correct, the freight rate cycle will begin to move at a faster pace (perhaps later this year; more likely late in the first quarter of 2024). Rates will move higher. Generally speaking, this helps carriers and is detrimental to shippers. The FreightTech Award honors innovation and disruption within the freight industry. Nominations are narrowed down to the FreightTech 100 which is then voted on by a hand-picked peer group of CEOs, industry leaders and investors actively investing in freight to select the FreightTech 25. All of the recipients of the FreightTech Award are highlighted below. The FreightTech Award honors innovation and disruption within the freight industry. Nominations are narrowed down to the FreightTech 100 which is then voted on by a hand-picked peer group of CEOs, industry leaders and investors actively investing in freight to select the FreightTech 25. All of the recipients of the FreightTech Award are highlighted below.Amerijet isn’t alone dealing with tighter budgets during a freight recession in which global air cargo volumes fell 8% year over year in 2022 and another 6% year to date in 2023. Amerijet is privately held, so getting a full financial picture isn’t possible. Cargo revenue at public passenger airlines and logistics companies, which serves as ...

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 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 (3,000 employees) and Celadon’s shuttering (5,500 employees) ended it. There were hundreds in between.Oct 5, 2022 · 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. Instagram:https://instagram. stamps.com stockninendo stockppandg stockstock exchange simulator app 2024 is set to be a record-breaking year again with an estimated 3 million TEUs of new capacity entering the market. This combination of excessive available capacity and low … artistdirectis cash app good for stocks Smith's Full Truckload Asset Fleet operates in the triangle between FL, CA and NJ, with service in Texas and Chicagoland, in-route along I-80 and I-10, I-20. can i pull equity out of my house without refinancing iPhone. FreightWaves enables companies involved in the $9.6T global logistics market to benchmark, analyze, monitor and forecast. Now with the FreightWaves mobile app …Nov 9, 2023 · 6 min. 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 ... 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.