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Bankrupt Bed Bath & Beyond files $100M+ mega-claim against MSC. MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged …

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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.Nov 15, 2023 · FreightWaves truckload freight coverage is your leading source of truckload news and information via freight data. Subscribe now for free. 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 ... David Heller, vp of government affairs, TCA, and Caitlin Smith, government affairs manager, TCA. · Monday, March 21, 2022. The U.S. DOT found that the truck parking shortage exists in every state and region, but it did not include dedicated funding for truck parking in the recent infrastructure bill. (Photo: Jim Allen/FreightWaves)

The FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, is still securing its footing. Over the past week, the TRAC rate was left unchanged at $2.31 per mile — still some distance from its year-to-date high of $2.39.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 …

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. 9 min. Peak shipping season is coming soon — and the “parking lot” of container ships stuck at anchor off the coast of California is still there, with Oakland surpassing Los Angeles/Long Beach as the epicenter of congestion. Shipping giant Maersk warned in a customer advisory on May 26 that Los Angeles and Long Beach “remain …

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.According 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.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.XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry. https://bit.ly/47HHhQzFreightWaves 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 …

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.

In an interview with FreightWaves, Arodiogbu was quick to quash the rumors, stating that VC-backed CloudTrucks made a business decision to “really double down and focus on [our] Virtual Carrier and Flex [offerings] and decided to stop growing the factoring business.”. In July 2022, FreightWaves’ Grace Sharkey reported that CloudTrucks had ...

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 ... 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.Apr 13, 2022 · 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. 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, …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.FreightWaves 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 ».

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’ price, demand, and capacity data allow customers to benchmark, analyze, monitor, and forecast the global physical economy. 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 ...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.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 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.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:

Nov 16, 2023 · 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 into one truck, creating economies of scale, with each shipper ... 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.

Nov 16, 2023 · 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 into one truck, creating economies of scale, with each shipper ... 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.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 ... Daniel Pickett, I'm a touch less optimistic based on the trucking ton-mile index I coauthor for a meaningful YoY volume recovery.September 2023 (most recent data due to the longer lag of the ...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.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!

The NRF and Port Tracker previously predicted full-year imports for the ports it covers of 22.3 million TEUs. On Tuesday, it pared that forecast slightly, to 22.1 million TEUs — still up 1.5% and 2.3% from the pre-COVID years of 2018 and 2019, respectively. (Chart: FreightWaves based on data from NRF/Port Tracker)

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 ...

The new, small truckers that flooded the market in the last few years were less likely to have those sort of long-term relationships with big retailers and manufacturers. They lost out on any bump in contract rates earlier this year. Now, Vise said spot accounts for about 30% of the market. Danaf estimated that number was 18%.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.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 ... Sep 3, 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. Dec 3, 2023 · 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 15 ... 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 ...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 ... 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…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.Oct 10, 2023 · The NRF and Port Tracker previously predicted full-year imports for the ports it covers of 22.3 million TEUs. On Tuesday, it pared that forecast slightly, to 22.1 million TEUs — still up 1.5% and 2.3% from the pre-COVID years of 2018 and 2019, respectively. (Chart: FreightWaves based on data from NRF/Port Tracker) Podcast. FreightWaves is proud to present its award-winning WHAT THE TRUCK?!? podcast in conjunction with Put That Coffee Down, FreightWaves Insiders, Morning Minute, & more. Timothy Dooner Friday, August 18, 2023.

1 company has taken care of the logistics since 1982. Did you know the same company has delivered the holiday tree to Rockefeller Plaza in New York City since 1982? This year the famous Christmas tree that lights up Rockefeller Plaza is from Vestal, New York. The tree has been a tradition in the plaza since 1931.The High-Velocity Solution. Friction in one area of the supply chain creates friction in other parts of the supply chain. Overcoming these obstacles requires a truly modern and innovative approach to supply chain management. “I think it’s fair to say that friction will never be fully eliminated from supply chain operations,” said Fullerton.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 ...Instagram:https://instagram. nvda google financegas lacrimogenorobinhood vs ameritradebest swing traders to follow Carriers ‘swiping right’ on tenders faster than any point in the past 20 months. OTRI continues to fall, finally dropping beneath 16% and rapidly approaching 15%. Major shockwaves will soon be felt by carriers, particularly by those that are new to the industry. Rejection rates fall nearer to 15%. how to buy cresco labs stockivv share price FreightWaves truckload freight coverage is your leading source of truckload news and information via freight data. Subscribe now for free.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. nasdaq bwv 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.GoComet’s port congestion tracker analyzes more than 45000 containerized shipments per month at major ports across US, EU, EMEA and SEA regions. Supported by GoComet platform’s real-time container tracking data, our machine learning algorithm calculates congestion/delays at ports based on the turnaround times of these containers at a given ...