Freight wave news.

Coyote Logistics, a wholly owned subsidiary of UPS Inc. ( NYSE: UPS ), is expected to announce Friday that it will lay off approximately 200 people, according to people familiar with the matter. It was not immediately clear where the layoffs will occur. At the end of January, rumors spread that layoffs would be concentrated on Coyote’s Large ...Nov 29, 2023 · News. 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. Spot rates fall back again. The global composite of Drewry’s World Container Index (WCI) fell 6% in the week ending Thursday versus the prior week, to $1,384 per forty-foot equivalent unit. The global composite has given back all of its gains since the beginning of Q4 and is now down 1% versus Oct. 1. Spot rate in USD per FEU.FreightWaves. 71,550 likes · 1,550 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.

Feb 8, 2022 · Capital expenditure in the air network isn’t limited to the U.S. Last fall, DHL Express opened an expanded international parcel hub at Paris-Charles de Gaulle airport. The $200 million site is 10 times larger than the original facility. In September 2020 it transformed the gateway in Milan, Italy, into a regional hub for $123 million.

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 ...4 min. Forward Air reported third-quarter adjusted earnings per share of 99 cents Monday after the market closed. The result was 12 cents light of consensus and 94 cents lower year over year (y/y). Forward ( NASDAQ: FWRD) pinned the miss on soft demand for its noncore intermodal and truckload brokerage services.

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 ...In an astounding turn of events, freight rates started shooting up to previously unheard of levels. On the Trans-Pacific trade from Shanghai to US East Coast, rates shot up from an average of USD 2,500/ FEU in 2019 to over USD 15,000 in September 2021, while there also were instances of Carriers charging more than USD 20,000. ‍.Rates for shipments into the U.S. from Asia at the end of March were 70% lower than a year ago, at about $3.30 per kilo, recent data from price reporting agencies shows. In Europe, rates from Asia are down more than 45% year over year and 20% since the end of February. Notably, the cost of shipping goods by air is still above pre-COVID …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 ...

Dec 1, 2023 · 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. Electrifying just the long-haul portion of the U.S. trucking fleet would require 10% of the nation’s electric power generation, according to a December 2022 study from the ...

Nov 14, 2023 · Freight shipments fell to a cycle low in October, according to data compiled in the Cass Freight Index. A Tuesday report showed October shipments on Cass Information Systems’ platform were off 9.5% year over year (y/y) and 2.8% lower (seasonally adjusted) than in September. The sequential decline erased two months of gains.

TRAC rates are from the day before and are updated daily at 11:00 a.m. ET. Spot rate market data for over 650,000 unique van lanes, 300,000 unique reefer lanes, and KMA to KMA flatbed rates (Linehaul + Fuel) Rates are weighted based on distance and time to prioritize the more recent loads that are closer to the precise O/D pair the user specifies.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 ...Latest Headlines FreightWaves Classics How persistent fraud led to a pitched battle over workers’ compensation Container Shipping Union Pacific to operate international intermodal terminal in Phoenix WHAT THE TRUCK?!? Bidenomics and the freight recession – WTT WATCH FWTV IN HD SONAR High-Frequency Supply Chain Data Trucking Financial Ocean RailIn addition to air cargo executives from companies such as FedEx Express and UPS, other private-sector members of the committee will include CEOs from trans-Atlantic airlines, major international hub airports and industry association leaders.Editor’s note: This story has been updated to reflect the number of layoffs confirmed by the company. Truck brokerage giant C.H. Robinson Worldwide Inc. laid off approximately 650 employees this week, the company confirmed Thursday. Sources close to the situation originally estimated the number would be closer to 1,000, possibly up to …The latest report, released Friday, revised the September truck transportation total down by 900 jobs, but the August total was cut 5,500 jobs from a month earlier. After all the changes, October’s total truck transportation jobs of 1,578,600 is 30,600 fewer than the high-water mark of May, when the BLS reported 1,609,200 jobs.

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.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 ...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 ...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 recovering from a recent dip. Over the past week, the TRAC rate remained unchanged w/w at $2.28 — lingering near its year-to-date high of $2.39.Nov 13, 2023 · According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.

10 ก.ค. 2566 ... ... wave is at the midpoint of the ship. This leaves the upper part of ... freight rates worldwide. Such is the present demand for moving goods ...

FreightWaves is the leader in non-biased, user-generated reviews and feedback to help carriers find the best technology partner for their fleet. Konexial is honored to be a FreightWaves Trusted Partner and to showcase the benefits of edge computing technology and our live supply chain™ ecosystem. Kristin Rakoczy, Marketing Director. As one of ...Port Houston handled 307,624 twenty-foot equivalent units in August, a year-over-year (y/y) decrease of 20%. Overall container volumes and freight flows at Port Houston declined in August compared to last year, led by a 48% y/y drop in empty containers to 40,398 TEUs. Roger Guenther, executive director at Port Houston, said …Capital expenditure in the air network isn’t limited to the U.S. Last fall, DHL Express opened an expanded international parcel hub at Paris-Charles de Gaulle airport. The $200 million site is 10 times larger than the original facility. In September 2020 it transformed the gateway in Milan, Italy, into a regional hub for $123 million.Today, the same lane goes for $1,402/TEU. In May 2022, container imports handled at the U.S. port peaked at 2.6 million TEUs, the most recent month of imports data before FreightWaves’ article was published. Descartes reported that container import volumes in November were 1.95 million TEUs, a drop of 25%.Market deflation — President Joe Biden tweeted on Monday that his economic plan has brought shipping rates to a 25-year low. That same day the new White House Council on Supply Chain Resilience met and released this facts sheet . As many of you readers are aware, we’ve been in an extended freight recession since the spring of ’22.Sep 26, 2022 · Get access to 200k+ high-frequency supply chain indexes. News. FreightWaves Pricing Power Index. 4 min. Fraud rates are on the rise, increasing significantly in 2022 and continuing to climb throughout 2023. In fact, the total annual impact of stolen freight came in at a shocking $223,096,368 last year, according to data from CargoNet. Reports of fraud skyrocketed last year, jumping 400% between 2021 and 2022.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.Nov 22, 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 ... Locally manufactured iPhone shipments in India grew 162% year-on-year by value in 2022, according to Counterpoint. India’s ongoing efforts to boost local manufacturing of iPhone devices seem to have paid off to some extent, as the locally m...

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In the fourth quarter of 2022, Walmart’s U.S. comp sales were up 8.3%, while its consolidated operating expenses as a percentage of sales dropped by 44 basis points. Meanwhile, Amazon’s net product sales were down 1.2% y/y to $70.53 billion, while cost of sales and fulfillment expenses were both up, 3.3% and 2.9%, respectively.

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 ...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 ...Cargo revenue at public passenger airlines and logistics companies, which serves as a proxy for financial conditions at Amerijet, was down 30% to 50% through the …The seasonally adjusted inventory-to-sales ratio in January was 2.95. Excluding the spike in 2020 during COVID lockdowns (when sales crashed, temporarily inflating the ratio), the January number was close to the recent high of 3.1 the month before. This January’s inventory-to-sales ratio was a whopping 40% above the January 2019 pre …4 ส.ค. 2566 ... The deluge of new containership deliveries continues, depressing freight ... News / Sinking rates and new capacity create crashing waves in box ...2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).Dec 1, 2023 · 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. The truckload market is ... Nov 14, 2023 · Freight shipments fell to a cycle low in October, according to data compiled in the Cass Freight Index. A Tuesday report showed October shipments on Cass Information Systems’ platform were off 9.5% year over year (y/y) and 2.8% lower (seasonally adjusted) than in September. The sequential decline erased two months of gains. 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 ...

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 ... 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 logistics news from FreightWaves. The FreightWaves TRAC spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, was on an unstoppable decline since January but has finally leveled out. Over the past week, the TRAC rate held firm at $2.01, still a far cry from its year-to-date high of $2.39.Instagram:https://instagram. jeldwen stocknyse stock market holidaysalliancebernstein lpbest signals for trading The firm titled its June 3 report “Watching the China Freight Wave,” which covered the slowdown in container markets and forewarned about a slowing U.S. domestic freight market. Using the same data, on June 7, FreightWaves wrote an article titled “U.S. import demand is dropping off a cliff.” We saw container flows out of China to the U ...The SONAR platform offers a suite of products and features designed for quick and confident decision making in balancing transportation spend and performance. It comes with an easy-to-use interface for numerous integrations into TMS and ERP software systems. Configure your insights and workflows using your systems or the SONAR interface to fit ... bank account with instant virtual debit cardheating oil future prices 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 … sep ira best 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 logistics news from FreightWaves. 20 Jun 2023 ... In November's roundup of top banking news: Citigroup approaches newest wave of job cuts and managerial shifts, Truist Financial nearly doubles ...The naming ceremony of the 24,188-TEU OOCL Spain was held at China’s NACKS shipyard on Feb. 16. (Photo: OOCL) FreightWaves. ‘Colossal’ tidal wave of new container ships about to strike. 8 min. Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest …