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Rankings. FedEx ranks number 1 on the 2023 FreightWaves Top 500 For-Hire Carrier list.Feb 22, 2023 · Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month, surge much higher in the second quarter, go higher still in the second half, even higher throughout 2024, and stay strong in 2025. “ The colossal orderbook is like a sword of Damocles hanging over ... Jun 29, 2023 · June tends to be a strong month, Fuller said, but there haven’t been significant signs of an upturn. “We’re already dipping into July,” he said. “July is actually a really difficult month.”. Some of the arguments in favor of a second-half surge are based on a historical view that freight markets run in a three-year boom-and-bust ... Mark Solomon. · Tuesday, September 26, 2023. A robotic truck loader from Dexterity (Photo: FedEx) FreightWaves. FedEx leverages AI to improve trailer-loading process. 1 min. Robotics firm Dexterity AI said Tuesday it has partnered with FedEx Corp. (NYSE: FDX) to have robots load FedEx Ground trailers by leveraging AI-powered technology.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!

3 min. Yellow appears to be halting pickups in some areas of the Northeast, as well as Ohio, California and Texas, according to account executives who spoke to FreightWaves anonymously and company communication shared with FreightWaves. Nationwide, Yellow said in a memo sent to employees and shared to FreightWaves on Tuesday it was “limiting ...

FreightWaves SONAR has been collecting flatbed freight data since 2019, although the velocity of that data had not reached certain thresholds for analysis. Pickett on Wednesday confirmed that flatbed spot rate pricing, currently available to clients via an API connection, will soon be available in TRAC. “You’ll be able to quote flatbeds to ...Web

Some freight broker training class programs charge between $500 and $1,500 for classes that typically range from four weeks to several months. Other classes can cost up to $5,000 or more. Keep in mind there may be additional fees for textbooks, materials, and certification exams.Mar 11, 2022 · The Future of Freight is a collaboration between FreightWaves and Convoy to highlight the businesses and individuals who are leading this change. Here you’ll find stories about supply chain professionals who are modernizing their operations, the technologies enabling the change, and best practices you can apply within your business. Best for owner-operators: eCapital. Best for OTR trucking: TAB. Best for instant payments: TruckSmarter. Best for flexibility: Porter Freight Funding. Best for fast turnaround time: RTS Financial -find factoring. Best for small to midsize carriers: OTR Capital -find factoring. Best for customer service: Apex Capital Corp -find factoring.Dec 22, 2022 · FedEx begins 50-day countdown to its first day of flight. (Photo: Jim Allen/FreightWaves) FedEx will increasingly rely on outsourced air transport for growth as it pursues an aggressive cost-cutting strategy to resize its delivery network in line with deteriorating market conditions and a structural rebalance in e-commerce sales, executives said.

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!

Dec 16, 2022 · A perfect storm is brewing that will push any notable activity on the ocean to the second half of 2023 at the earliest. For one, the Lunar New Year will have an outsized effect on Asia’s manufacturing activity in 2023, possibly taking factories offline for four to five weeks instead of the usual two-week slowdown.

All of the recipients of the FreightTech Award are highlighted below. The FreightTech 25 is listed in numerical order as determined by the hand-picked peer group of CEOs, industry leaders and investors actively investing in freight. The FreightTech 100 is listed in alphabetical order as determined by a panel chosen by FreightWaves.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 ...November 2. November 3. NOVEMBER 1-3, 2022 ‍ Explore the future of freight technology, engage with industry leaders and attend discussions focused around all modes – trucking, air, ocean and rail. Experience sessions with experts and entrepreneurs, and dive deep into the near future of drones, autonomous and electric vehicles. While it’s ... 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.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...Nov 5, 2023 · Pennsylvania brokerage lays off nearly 65 employees, sources say. Approximately 65 employees for Pittsburgh-based Elite Transit Solutions were laid off via Microsoft Teams on Friday. This is the second round of job cuts the freight brokerage has experienced over the past month; about 20 employees were let go on Oct. 20 because of the “current ...

4 things you should know about No. 1 project44. McCandless. 1. Jett McCandless, the founder and CEO of project44, also founded another one of this year’s FreightTech 25 companies — No. 25 CarrierDirect. That’s the first time in the four-year history of FreightTech 25 that has happened. 2.The virtual chat titled “Growth Investments: A Successful Entry and Exit,” was part of FreightWaves’ FreightTech Venture Summit on Wednesday. It centered on the founding and growth of Truckstop.com and what’s next for the 25-year-old company, the largest digital freight marketplace in North America.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 …F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!U.S. imports over the first nine months of 2023 were 2.5% higher than in the same period in 2019, pre-COVID, according to Descartes’ data. They were up 4.6% compared to the same period in 2018 and 11.4% versus January-September 2017. This September’s imports significantly exceeded pre-pandemic levels: up 8% from the same …WebWith U.S. importers likely as cautious as ever before in bringing in new volumes during the second half of 2023, it is increasingly likely that U.S. import demand is again positioned for new declines and destined to find a new bottom in the second half. The Inbound Ocean TEUs Volume Index – USA is derived from bookings data and shows the ...WebRequest a SONAR Demo. Benchmark, analyze, monitor, and forecast your transportation spend with SONAR. Leverage industry leading data on rates, volumes, and capacity to reduce your transportation costs and avoid potential risks to your supply chain. In addition to the fastest, most comprehensive global supply chain data available on the market ...

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 ...

Less-than-truckload carrier Yellow Corp. has filed for bankruptcy, putting an end to the 99-year-old trucking firm. In its Chapter 11 filing in a Delaware court Sunday, the company estimated assets of $2.15 billion and liabilities of $2.59 billion. It expects to enter a debtor-in-possession (DIP) financing agreement to provide liquidity to sell ...FedEx begins 50-day countdown to its first day of flight. (Photo: Jim Allen/FreightWaves) FedEx will increasingly rely on outsourced air transport for growth as it pursues an aggressive cost-cutting strategy to resize its delivery network in line with deteriorating market conditions and a structural rebalance in e-commerce sales, executives said.FreightWaves SONAR Outbound Tender Volume Index (OTVI) is a measurement of electronic offers from shippers to truckload carriers for the transport of goods. OTVI is an indicator of raw demand for trucking capacity. Truckload freight volume is a barometer for business activity around physical goods required by businesses and consumers. Best for owner-operators: eCapital. Best for OTR trucking: TAB. Best for instant payments: TruckSmarter. Best for flexibility: Porter Freight Funding. Best for fast turnaround time: RTS Financial -find factoring. Best for small to midsize carriers: OTR Capital -find factoring. Best for customer service: Apex Capital Corp -find factoring.Jun 23, 2023 · Call it a game of contract cat and mouse or not, but the Teamsters union strongly attacked UPS Inc.’s economic counterproposal as negotiations resumed in Washington to hammer out a new master contract. The company’s counterproposal “included minimal raises and overall wage cuts to workers’ cost-of-living adjustments,” the union said ... Welcome to FreightWaves Knowledge Center search-alternate Results View All Results Select Your Use Case 3PL Use SONAR to widen margins, win more freight, benchmark against the market, and forecast contract and spot rates. Learn More Carrier Use SONAR to maximize trucking rates and fleet utilization while minimizing operating costs. Learn More …December 1, 2023 at 2:21 PM · 1 min read. On today’s episode of WHAT THE TRUCK?!? Dooner is joined by Flexport’s Bill Driegert. We’ll find out where Flexport is going in …

J. B. Hunt 360º Party. 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. Explore the latest technology, newest applications, trends in education and continuing evolution of the overall supply chain–it’s an ...

NOVEMBER 1-3, 2022 ‍ Explore the future of freight technology, engage with industry leaders and attend discussions focused around all modes – trucking, air, ocean and rail. Experience sessions with experts and entrepreneurs, and dive deep into the near future of drones, autonomous and electric vehicles. While it’s technology that drives our future …

During the week of Feb. 28, when the lockdown began, ships off Shanghai represented 16% of the total either waiting or at berths. The ratio is now up to 47%. At Ningbo, the ratio has risen from 49% to 71% over the same period. However, the congestion ratio was at these same levels both in July and September 2021.Get a near real-time, 360-degree view of your fleet’s daily operations, so you can help reduce costs, increase productivity, stay on top of vehicle maintenance, and make the most of every business day.Jun 22, 2023 · 6 min. FedEx plans to remove 29 aircraft from its fleet this year through permanent retirement and temporary storage, fulfilling its new program to eliminate permanent costs and make its logistics network more flexible as global trade slows. CEO Raj Subramaniam said on Tuesday’s earnings briefing that the Express unit will park 20 aircraft in ... Combining data streams to combat illicit trade in container shipping. Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data …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.Leverage the flexible plug-in power of configurable supply chain data from SONAR via API. No toggling between screens to harness the power of data from over $100B in freight spend, refreshed daily. Gain hours in efficiency with data on demand. Easily compare market data to your internal data. Deliver market data across your organization.The U.S. Department of Labor said this week it is still seeking nearly 1,400 Arizona drivers who are owed up to $5.6 million after a victory in a misclassification case that was settled in November. freightwaves.com. DOL seeks misclassified Arizona delivery drivers who are owed millions.Get a near real-time, 360-degree view of your fleet’s daily operations, so you can help reduce costs, increase productivity, stay on top of vehicle maintenance, and make the most of every business day.WebFreightWaves Carbon Intelligence (FCI) enables shippers to quantify the efficiency, cost and carbon impact of their transportation networks. Built inside FreightWaves’ Supply Chain Intelligence platform, Carbon Intelligence is the first network-level carbon solution for transportation and logistics brought to market by an impartial, third-party data provider.FreightWaves is the leading provider of news and key data points to the U.S. trucking and brokerage industries. The subject matter experts at FreightWaves – who combined have hundreds of years of experience – contributed to the content in FreightWaves Academy. The mission of FreightWaves Academy is to impart this wealth of knowledge, and to ...

Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe …Common wisdom holds that the outdated and constrained electric grid cannot support the scaling of electric trucks. Looking at the grid’s current use supports that. …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 …WebNov 28, 2023 · Combining data streams to combat illicit trade in container shipping. Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data on container movements and a container’s financial streams can help ward off illicit trade. Read More ». Greg Miller Tuesday, October 17, 2023. Instagram:https://instagram. esports stockcop stock dividendfinancial planners louisvillegle amg 63 s He can be reached for comments and tips at [email protected]. The White House recently publicized Flexport for facilitating purchases of sustainable …The Bloomberg report said Western Global defaulted on a loan earlier this year and its servicing bank is looking to sell debt for 40 cents on the dollar. Fitch placed Western Global’s total value, before rumors of a potential bankruptcy, at $60 million. Dedicated cargo airlines are likely to face continued top-line pressure this year, with ... dollar10 coinmojo sports betting The virtual chat titled “Growth Investments: A Successful Entry and Exit,” was part of FreightWaves’ FreightTech Venture Summit on Wednesday. It centered on the founding and growth of Truckstop.com and what’s next for the 25-year-old company, the largest digital freight marketplace in North America.All of the recipients of the FreightTech Award are highlighted below. The FreightTech 25 is listed in numerical order as determined by the hand-picked peer group of CEOs, industry leaders and investors actively investing in freight. The FreightTech 100 is listed in alphabetical order as determined by a panel chosen by FreightWaves. farm together reviews Sep 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. Fuller and Strickland noted that during much of 2023, forecasts from the trucking industry — at least from many of the larger public companies — reflected the relatively strong data points used by economists to measure the health of the economy, such as 4.9% GDP growth and low unemployment. However, “that data suggests that …Web