Freight wave news.

After 96 years, Central Freight Lines plans to shut down. FreightWaves’ Clarissa Hawes broke the news on Saturday night, and reaction has been swift ever since — on what’s next for the drivers and other CFL employees, how the company got to this point, how it will impact the LTL market, and so one. Here’s a sampling of reactions and ...Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.In 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.The inventory level component fell from an all-time high of 80.18 — anything over 70 is extreme — last January to 54.8 in November, indicating that inventories went from growing at light speed to crawling. While December’s value of 57.3 is still not extreme, it is moving in the wrong direction for many shippers.

23 Oct 2019 ... Maritime trade has a positive impact on building strong relations between countries and, consequently, economic development in the world, ...Loaded and Rolling: Trucking turnover and retention debate rages on. FreightWaves’ Rachel Premack wrote an article on Wednesday outlining her experience attending a truck driver training conference in Corpus Christi, Texas, by the National Association of Publicly-Funded Truck Driving Schools (NAPFTDS). Premack sought to get more information ...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 incoming Biden administration is expected to increase regulatory oversight of electric and self-driving cars and trucks. FreightWaves spoke to a few investors and analysts in the mobility and freight tech space, as well as the CEOs of a couple of autonomous trucking and delivery companies, about what they expect from a Biden …Lufthansa Cargo profits wiped out in Q3. Eric Kulisch Thursday, November 2, 2023. Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year. Read More. Welcome to the home page of Clay Katzman's automotive newsletter, "Transmission." Subscribe to receive insights on the automotive sector.Oct 15, 2023 · 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 ... According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than ...

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Nov 28, 2023 · According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than ...

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 ...The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics —is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at ...Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! 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.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 ...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 report’s survey found that eight of 10 carriers and freight brokers think Amazon’s entry into digital freight brokerage is ‘negative’ for their market segments. Carriers, by a two-to-one margin, are more apt to view this development as ‘very negative’ than freight brokers.Are you in the market for new furniture? Look no further than American Freight. With a wide selection of quality pieces at affordable prices, American Freight is the go-to destination for all your furniture needs.Some people might steer away from ordering online because of international shipping. Although shipping costs can be steep, don’t miss out on ordering something just because the shipping seems confusing. Find out how to track international s...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, …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. 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%.

The freight market has been flat for most of 2023, impacting everything from major carriers to various logistics firms. In August, less-than-truckload carrier Yellow Corp. filed for bankruptcy, and mega carrier Knight-Swift Transportation initiated a round of layoffs earlier this month.

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% ...Nov 30, 2023 · The Seattle and Tacoma ports saw volumes rise 22% compared to the previous year, reversing a 19-month-long-trend. By Alejandra Salgado • Oct. 25, 2023. More stories. The latest freight news for supply chain professionals. 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.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. Without logistics, the supply chains that keep ...Jan 16, 2023 · Truckload spot rates, according to the FreightWaves National Truckload Index, hit a low of $1.67 on Nov. 17, 2022, and have since bounced back to $1.98 per mile. FreightWaves SONAR: National Truckload Index. To learn more about SONAR, click here. Trucking tender volumes also suggest that the direst of predictions have not played out. Company imposes 5.9% general rate increase on Express, Ground shipments. FedEx Corp. (NYSE: FDX) said Tuesday that it will raise its tariff, or noncontractual, rates on most of its U.S. services by 5.9% in 2024, a decline from the 6.9% increase in 2023 and a potential attempt to take market share from rival UPS Inc. (NYSE: UPS), which is facing ...driving value for our customers. SmartDrive always enjoys working with FreightWaves. The team is always very easy to work with and is a true partner with us on the content creation process. I appreciate the openness to new, creative ideas that capture our audience’s attention and the willingness to work with us to bring ideas to fruition.

Nov 28, 2023 · FreightWaves’ Greg Miller reported, “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.”. X.

Company imposes 5.9% general rate increase on Express, Ground shipments. FedEx Corp. (NYSE: FDX) said Tuesday that it will raise its tariff, or noncontractual, rates on most of its U.S. services by 5.9% in 2024, a decline from the 6.9% increase in 2023 and a potential attempt to take market share from rival UPS Inc. (NYSE: UPS), which is facing ...

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.Oct 30, 2023 · 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. Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.Summary: On Monday the Department of Energy/Energy Information Administration released its latest average price of diesel, which declined 7.2 cents in the past week to settle at $4.294 a gallon. This is the lowest price recorded since Aug. 7, which was $4.239 a gallon. Monday’s report has declined in seven of the past eight weeks and …Chart: ( SONAR: NTIL.USA ). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are still 15% lower year over year. Bruffett is seeing capacity exit as well.The smooth debut of Hawaiian Airlines’ first freighter aircraft this month and the cash it, and sister aircraft, will generate from Amazon is a shot in the arm for an airline with losses that widened to $48.7 million in the third quarter from $9.3 million a year ago. Hawaiian Airlines (NASDAQ: HA) began flying the Airbus A330-300 converted ...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, …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 freight industry has seen a wave of brokerage bankruptcies in recent months, and that surge is causing significant disruptions for carriers, undermining their financial and operational stability. Rachel Premack, editorial director at FreightWaves, and Clayton Griffin, chief strategy officer and EVP at OTR Solutions, spoke on current ...

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 …Sep 22, 2022 · 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 ... Nov 15, 2023 · View our truckload freight indexes or learn more about the future of truckload freight. FreightWaves Staff Tuesday, November 21, 2023 Could J.B. Hunt, BNSF alliance on Quantum change next decade in freight? Instagram:https://instagram. silver price forecastis cashapp good for stocksxpofameritrade stocks to buy Summary: On Monday the Department of Energy/Energy Information Administration released its latest average price of diesel, which declined 7.2 cents in the past week to settle at $4.294 a gallon. This is the lowest price recorded since Aug. 7, which was $4.239 a gallon. Monday’s report has declined in seven of the past eight weeks and … amt stock tickeroakmark international 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 ... south africa forex traders An Open Letter to the U.S. Department of Transportation. 11.28.2023 ; Flock Founder and CEO Oren Zaslansky Recognized as a Top Entrepreneur by Goldman Sachs.Boeing has found an aviation services company in Jordan to carry out cargo conversions of used 737-800 jets. ... American Shipper analyzes and monitors global supply-chain, intermodal, container, and aircargo …