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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.A Yellow representative said in an emailed statement to FreightWaves after the story was published that customers can contact Yellow’s support line at 800-610-6500 or [email protected]. “Yellow has retained a robust customer service team that is fully capable of handling inquiries and assisting with all support that customers might need ...Nov 16, 2023 · 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 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. Atlis Motor Vehicles has raised $32.6 million from nearly 29,000 individual investors en route to going public in the next few months. (Photo: Atlis Motor Vehicles) Atlis Motor Vehicles is trying to disrupt the electric work truck market by developing its own chassis and the batteries and motors to drive it. And it is taking a disruptive path ...

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.Listen to this article. 6 min. A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week. Judge Michael Barrett of the U.S. District Court for the Southern District of Ohio issued ...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.

5 min. According to two change of operations requests, less-than-truckload carrier Yellow Corp. has begun the process of consolidating terminals in its Western network. The company seeks to consolidate 20 YRC Freight and Reddaway facilities and close nine. An accompanying letter to the Teamsters and its negotiating group is asking …

Frieghtwaves Dude! Where's my trailer? Outrider can find it. April 27, 2023. Dude! Where's my trailer? Outrider can find it. Startup adds inventory tracking to ...7 min. Former employees and truck drivers for FreightWorks LLC claim the Rutherfordton, North Carolina-based truckload carrier violated federal law by failing to give a 60-day advance notice of a planned shutdown before firing nearly 200 workers on March 6 . The two named class representatives, Martin Oshea and Misty Chapman, along with 18 ...by FreightWaves 19 mins ago • 5 min read In 2023, freight brokers moved over $150 billion of truckload freight supported by transportation management systems streamlining operations. As margins tighten, brokerages increasingly are relying on TMS software for freight brokers that balances automation with ease of use.Diversification will be key in 2024. With 2024 expected by many to see a swing in pricing power back in carriers’ favor, Carrillo emphasized the need for shippers to diversify their logistics networks. This aligns with the white paper’s findings, which reveal a heavy reliance on over-the-road trucking, used by 87% of survey participants.

Sep 14, 2022 · FreightWaves announced on Wednesday the latest FreightTech 100 — a selection of the most innovative companies in the freight technology space. This is the fifth annual iteration for the award. Over the past few months, FreightWaves has received more than 1,500 nominations for 423 companies.

In August 1997, the Teamsters walked off the job across UPS Inc.’s nationwide ground system. With an all-Teamsters labor force and no plans to call in replacement workers to deliver goods, UPS shuttered its massive ground network rather than risk permanently damaging its reputation with customers. The strike lasted 15 days, sending an ...

The recent shutdown of Convoy, a digital freight brokerage established in 2015, shows that. Convoy enjoyed all the trappings of a runaway tech success. Its two co-founders, Dan Lewis and Grant Goodale, had Amazon and Ivy League credentials. Convoy counted Jeff Bezos, Bill Gates and (bizarrely) Bono among its investors.Jun 7, 2022 · 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’ 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. He also is a trucking industry veteran, …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 …According to FrieghtWaves’ 10-year model, traditional freight brokerage gross revenue is predicted to climb from $61.4 billion in 2018 to $89 billion by 2028. The net revenue compound annual growth rate estimate is 6.9% over the 10-year forecast. As revenue grows, and the perception remains that becoming a freight broker agent has a …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. He also is a trucking industry veteran, …

pdf (accessed January 8, 2022). 13 “How Many Miles Do Truck Drivers Drive a Day?” (June 2, 2022). FrieghtWaves Ratings, https://ratings.freightwaves.com ...Apr 4, 2023 · Here’s the gist: Shippers saw demand ebb through all of 2022 before eventually seeing a small rebound in Q1 2023. They’re expecting demand to continue to rise through 2023 and peak in Q4. Q1 2024 will then see a small dip compared to Q4 but will remain higher than what shippers are seeing currently. 3 min. U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days. This marks the third Worker Adjustment and ...Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe downturn than expected. Surge booked $135 million in gross revenues during one period in 2023, according to its bankruptcy filing. That same period last year, Surge posted $200 ...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. He also is a trucking industry veteran, …

Freightwaves | Alternative delivery gaining traction with e-commerce consumers · by Brian Straight, managing editor | February 8, 2022 · Index from Via. · Since ...

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other! 8 min. Teamsters brass said Monday that less-than-truckload carrier Yellow Corp. has informed them it will be out of money by August if a proposed change of operations isn’t approved. The union, however, says the company has been mismanaged for years and vows to not bail Yellow out again. “Yellow has been unable to effectively manage itself ...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 economic situation,” according to sources familiar with the ...Jun 15, 2023 · A Yellow truck leaving a terminal in Houston, Texas. (Jim Allen/FreightWaves) Abdul Jaludi knows his job as a driver at Yellow Corp., one of the largest trucking fleets in the United States, is better than most trucking gigs. He’s home most nights, gets paid vacation and sick leave, and “doesn’t pay a penny” for his medical benefits. Todd Maiden. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations ...Oct 27, 2022 · The American media coverage of President Xi Jinping’s address to the 20th Communist Party Congress in Beijing last week took note of Xi’s pessimistic tone, warning party members to prepare China for confrontation and crisis. Politico’s Phelim Kine called Xi’s view of U.S.-China relations “increasingly bleak.”. 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, rapid-fire demos, interactive sponsor ...

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.

Nov 12, 2022 · FedEx Freight, the less-than-truckload arm of FedEx Corp. and the nation’s largest LTL carrier, said Saturday it will furlough an undetermined number of drivers starting in early December. The furloughs are scheduled to last about 90 days, during which time affected workers will continue to receive health benefits and will be allowed to file ...

Eric is the Supply Chain and Air Cargo Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, …8 min. Teamsters brass said Monday that less-than-truckload carrier Yellow Corp. has informed them it will be out of money by August if a proposed change of operations isn’t approved. The union, however, says the company has been mismanaged for years and vows to not bail Yellow out again. “Yellow has been unable to effectively manage itself ...A big rig will get around 6 miles per gallon. Most big rigs in the U.S. have tanks that range in capacity from 120 gallons per tank up to 150 gallons and depending on the radius of operation, may have one tank for shorter hauls or two tanks for longer ones. For fleets that are weight conscious, they often choose to run just one tank allowing ...TQL posted revenues of around $3.6 billion in 2019. As of 2016, Oaks was listed as Cincinnati’s wealthiest person, with a net worth estimated at $980 million, according to Forbes. Attorneys representing former TQL employees and a rival logistics firm claim in a filing in a noncompete case that TQL is the “bully on the block,” filing ...An Elite Transit spokesperson wrote in an email to FreightWaves that “there are still employees” working at the freight brokerage. After initially firing the majority of Elite Transit’s remaining workforce via Microsoft Teams on Nov. 3, which ex-employees stated was around 65 employees, Johnson kept on around 10-12 employees.An Elite Transit spokesperson wrote in an email to FreightWaves that “there are still employees” working at the freight brokerage. After initially firing the majority of Elite Transit’s remaining workforce via Microsoft Teams on Nov. 3, which ex-employees stated was around 65 employees, Johnson kept on around 10-12 employees.Photo: Jim Allen/FreightWaves. An online auction is slated for Tuesday to sell the assets of Minnesota-based Twin Express Inc., which had a reported 72 power units and 73 drivers, after the trucking company defaulted on a $19 million loan. The move comes nearly three months after Judge Jamie L. Anderson in Hennepin County District Court in ...Dec 3, 2023 · 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 ...

John Kingston. · Friday, November 03, 2023. Job totals in truck transportation declined for the fourth time in five months. (Photo: Jim Allen/FreightWaves) Employment in the truck transportation sector in October recorded its fourth decline in the past five months as total jobs in that classification are now down more than 30,000 since its ...Stay Up to Date on the Truckload Industry. Truckload shipping refers to the movement of freight in the amounts necessary to fill an entire semi-truck or intermodal container. This is in contrast to less than truckload (LTL) shipping, where freight from multiple sources is mixed and transported in one truck or shipping container.Jan 29, 2023 · In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ... 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.Instagram:https://instagram. anika therapeutics inc.online forex trading courseimedia brands inc.how much is a 1979 susan b anthony coin worth 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 ...If you need immediate support, please click here to submit Help Ticket or Chat with a Customer Service Representative. If you have a press release that you’d like to submit for editorial consideration, please email directly to [email protected]. If you have a privacy related issue, please email us directly at [email protected] ... home warranty inc reviewstractor supply co stock FreightWaves and Echo Global Logistics partnered to survey industry professionals in the supply chain, including shippers, carriers, 3PLs/brokers and others, to gauge their perceptions on market indicators, the state of consumer spending and predictions, upcoming budgets, and the digital tools they plan to implement.FreightWaves has unveiled its sixth annual FreightTech 100 list, spotlighting the most innovative companies in the freight technology sector. This announcement sets the stage for the FreightTech 25, which will be revealed in November at the F3: Future of Freight Festival in Chattanooga, Tennessee. The 2024 FreightTech 100 directory does not ... upcoming acquisitions Aug 30, 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. FreightWaves and Echo Global Logistics partnered to survey industry professionals in the supply chain, including shippers, carriers, 3PLs/brokers and others, to gauge their perceptions on market indicators, the state of consumer spending and predictions, upcoming budgets, and the digital tools they plan to implement.