Freightwave.

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 third quarter versus the nine-month period a year ago. Many cargo airlines have hit the brakes on adding new or converted freighters and reduced flight activity to manage costs.10 Oct 2023 ... For the third year in a row, OneRail, a leading provider of solutions in last mile omnichannel fulfillment, was named to the FreightTech 100 ...May 22, 2023 · 9 min. Zim, the world’s 10th-largest container line operator, has sunk into the red as its boom-era contract coverage has crumbled under the weight of falling spot rates. The Israel-based ocean carrier reported first-quarter results Monday that were much worse than expected, causing a 16% plunge in its share price in quadruple average trading ... FedEx began flying 50 years ago and went by Federal Express. (Photo: FedEx) Smith’s professor didn’t think much of the idea, giving it a C grade for being an interesting but not workable concept. Undeterred, Smith borrowed $4 million from his wealthy father and raised millions more in venture capital. By 1971, Federal Express …

Freight boom is not without downsides for carriers. One of the results of the 2017-18 freight market boom was an increase in the cost of operating that held over into a slower 2019 when capacity became abundant. Costs are on the rise once again as carriers struggle to find drivers to capture market share. Read More ».

Yellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the less-than-truckload carrier will file bankruptcy on Monday, according to three employees who attended the video call. Yellow ( NASDAQ: YELL) is the third-largest LTL company and employs some 30,000 workers, including around ...

FreightWaves SONAR’S Outbound Tender Volume Index helps users identify freight volumes that are shipping at national, regional, or market granularity. OTVI allows users to see where demand for trucks is increasing or decreasing. An increase in freight volumes denotes tightening capacity. A decrease in freight volumes denotes loosening capacity.Record newbuild deliveries in 2023-24. The majority of tonnage on order will be delivered the next two years: 2.34 million TEUs in 2023 and 2.83 million TEUs in 2024, compared to around 1.1 million TEUs in both 2021 and 2022, said Verberckmoes. The scale of the upcoming deliveries is unprecedented.Flock Freight confirmed to FreightWaves that in all, it had “parted ways” with 45 employees — or about 8% of its workforce — on April 10. “It felt like a gut punch because we weren’t given any reason why we were being let go,” said one former employee. “A lot of us are angry, but I think the majority of us are just really sad.”.Air cargo demand has picked up after a long slide, but the busy season leading up to the holidays has been disappointing by historical standards. 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 ...Web

Congress will soon schedule a vote — as early as next week — on the Ocean Shipping Reform Act of 2022. With bipartisan support in both the House and Senate, the bill is likely to pass. The largest overhaul of shipping regulations since 1998, the legislation broadens the regulatory powers of the Federal Maritime Commission with the goal of ...

Joanna Marsh. · Monday, January 16, 2023. A TRB session looks at what's next for the railroads. (Photos: Jim Allen/FreightWaves) WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that’s through private or public partnerships among other supply chain stakeholders or between the railroads ...

Company HQ 1 Year 1-3 Years 4-10 Years More Than 10 Years Last Time Raised Driver Pay More Incentives in 2022? Pays For License And Training; 1MTX: Hazelwood, Mo.Supply chain data startup FreightWaves has raised $16 million in a new round of funding for its sustainability platform, the company said Wednesday. Subscribe to the Crunchbase Daily. Logistics and supply chain information help companies navigate the complexities of shipping and delivering products, and FreightWaves provides market …Ports like Savannah, Georgia, a feeder for Atlanta market freight demand, exploded. Many thought much of this volume would stick, but that has somewhat faded. Savannah currently represents approximately 7.44% of domestic maritime import shipments, down from its peak value of 7.9% in 2022 and up slightly from 2019’s 7.3%.Please note, we have recently updated this website and your password may have changed. If you have trouble logging in use "Forgot Password" and your email 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.1994 - 2004 10 years. I launched my career with US Xpress in the mid-90's, around the time that US Xpress went from a privately held trucking …Record newbuild deliveries in 2023-24. The majority of tonnage on order will be delivered the next two years: 2.34 million TEUs in 2023 and 2.83 million TEUs in 2024, compared to around 1.1 million TEUs in both 2021 and 2022, said Verberckmoes. The scale of the upcoming deliveries is unprecedented.

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 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...U.S. diesel exports to South America’s west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed. The post Another Panama Canal …Nov 16, 2022 · Get the Latest Freight Market News & Trends. Stay informed with timely updates on freight trends that could impact your business. Our freight market updates are brought to you by FreightWaves SONAR , our high-frequency freight market intelligence platform that provides near real-time trucking, railroad, ocean, and air freight transportation ... 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 …WebCross-border truckload freight rates could stabilize in 2023. After several years of volatility, freight rates in Mexico for transporting goods north to the U.S. should remain steady for most of the year, trade experts said. Before the pandemic, carriers usually charged about $1,000 and up for northbound freight from central Mexico to Laredo ...Sep 18, 2023 · 4 min. 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 ...

Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday.WebFreightWaves SONAR provides transparency to simplify decision making across transportation teams. Now, SONAR has added features, which went live Thursday, designed to increase pricing efficiency and strategy effectiveness for transportation teams everywhere. Users of Market Dashboard and Market Dashboard+ can now unlock the …

Railroads are skeptical of EPA's emissions reporting proposal. (Photo: Jim Allen/FreightWaves) WASHINGTON — A Biden administration proposal to change how …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-debt transaction worth $1.9 billion. Whether the Amazon transportation services agreement is eventually modified is unclear, but Alaska’s CEO said it could spur further investment in ... MAY 19-20, 2021 // VIRTUAL EVENT. It’s back and bigger than ever. After the volatility of 2020, FreightWaves LIVE @HOME will examine what you can expect for the rest of the year. Listen to pioneering entrepreneurs who can see opportunity on the horizon. Watch transportation and supply chain gurus dive into the lessons learned over successful ...WebFreightWaves TV. @FreightWavesTV. Bringing you the latest news and information on freight transportation. Chattanooga, Tenneessee tv.freightwaves.com Joined May 2019. 101 Following. 2,719 Followers.But the strongest performances in April took place at ports on the Gulf and East coasts. The Port of Long Beach last month moved 820,718 twenty-foot equivalent units, up 10% from the previous record set in April 2021. Imports increased 9.2% year-over-year to 400,803 TEUs, while exports dipped 1.8% to 121,876 TEUs.FreightWaves SONAR. Friday, December 10, 2021 · 1:55 p.m. · Central Time (US & Canada) Note: This webinar is part of a multi-session recurring webinar: FreightWaves SONAR . About This Webinar. SONAR’s proprietary data sources enable you to stay on top of demand and capacity across all modes of transportation in real-time as …WebFreightWaves 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...2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).

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 ...

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-debt transaction worth $1.9 billion. Whether the Amazon transportation services agreement is eventually modified is unclear, but Alaska’s CEO said it could spur further investment in ...

The FreightWaves executive team has over 75 years of freight experience, founded or helped build 10 start-ups, raised over $1 billion in private capital and completed over $5 billion of M&A. The team’s experience spans every area of the supply chain, helping the company create unique solutions for the freight community.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. 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.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 ...Family-owned California trucking company ceasing operations after 95 years. A third-generation family-owned trucking company and brokerage — Certified Freight Logistics, headquartered in Santa Maria, California — is ceasing operations on Saturday after 95 years, citing “falling freight rates and reduced volume.”.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 event you don’t want to miss!WebFreightWaves has raised $91.5M over 8 rounds. FreightWaves's latest funding round was a Unattributed VC for $16M on May 19, 2021. FreightWaves's valuation in June 2018 was $46.61M. FreightWaves's 2020 revenue was $19M. FreightWaves's most recent revenue is from 2018. Sign up for a free demo to see revenue data from 2021, 2020, 2019, 2018 and …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 the economic impacts and outcomes ...

Nov 27, 2023 · 7 min. The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. In announcing the plan Monday, White House officials said the strategy of using both domestic tools and international partnerships can help diversity and strengthen the U.S. supply chain. Truckload capacity correction will last deep into 2023. Zach Strickland, FW Market Expert & Market Analyst. · Sunday, February 26, 2023. The Contract Load Accepted Volume Index (CLAV), which measures accepted truckload tender volumes, is 25% lower than the peak values in 2021. (Photo: Jim Allen/FreightWaves)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.Company pledges to get deal done by Wednesday, union says. UPS Inc. has made a contract offer to the Teamsters union that the union said Friday represents “significant movement” on wages, benefits and worker classification language. The company has also pledged to have a deal done by Wednesday to cover 340,000 Teamster employees, the union ...Instagram:https://instagram. analyst ratingsimulated tradingttoo newsnysearca vt The indexes, which are derived from surveys of carriers, brokers and shippers, measure near-term and longer-term profitability, workforce and business investment sentiment. For the first time since we started tracking sentiment in Q4 2022, an overall score has fallen into the negative. FreightWaves SONAR: NTI.USA (white) and …Web mercurity fintechgold ira kit With 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 ...Web most active stocks after hours 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 ... 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...