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Amerijet isn’t alone dealing with tighter budgets during a freight recession in which global air cargo volumes fell 8% year over year in 2022 and another 6% year to date in 2023. Amerijet is privately held, so getting a full financial picture isn’t possible. Cargo revenue at public passenger airlines and logistics companies, which serves as ...Ninja Dispatch specializes in dry van, reefer and car hauler loads. With no contracts and a fee of 10% of the gross load value, Ninja Dispatch is a solid, reliable freight dispatcher. You will want to note that the freight dispatcher’s rate is higher than the rate for a number of options, but you will receive good service for the price.Jul 31, 2023 · 15 min. The biggest bankruptcy in U.S. trucking history could occur in the coming days when the nation’s third-largest less-than-truckload carrier, Yellow Corp., files. The company ceased all operations at noon on Sunday, and leadership representing its Teamsters workforce said it had been notified of a pending bankruptcy filing. Don't just take our word for it, read more about how thieves are targeting tractor trailers and trains in this Freight Waves article dealing with cargo theft.14 Apr 2023 ... Freight Waves, September 2022. Page 19. Okalahoma Freight Transportation Plan, 2023–2030. Chapter 4. The Freight Future. 4-19. Figure 4-12 ...

Our monthly data and the Cass Transportation Index Report provide valuable insight into freight trends as they relate to other economic and supply chain ...Qantas has made pet freight rules more flexible after concerns were raised by an animal rescue group; The airline had been enforcing bans on the transport of pets …

Atlas Air Worldwide on Tuesday announced the order of two 777 freighters from Boeing in response to strong demand for international e-commerce shipping, one of the few areas of strength in a freight market that has bottomed out after 18 months of decline and led airlines to reel in expansion plans. The two new 777 cargo jets, which were booked ...

F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!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.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.”.Chris Tucker needed to move some hot tubs. It seemed like a good gig for his network of small truckers. The Winchester, Kentucky-based owner of Full Coverage Freight, a truck brokerage, recently advertised to truck drivers on a load board that it had a shipment of hot tubs headed from Seattle to a small town in the middle of Wisconsin.The rate …Formula One freight moves by land, air and sea to five continents in nine months. With 22 events separated by less than a week or two — the Russia Grand Prix was scrubbed after the invasion of Ukraine — the logistics schedule is intense. Deutsche Post DHL Group, F1’s official logistics partner, has a dedicated staff of 35 specialists who ...

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 data and actionable intelligence.

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 layoffs. Read More » Clarissa Hawes Friday, October 27, 2023 ‘Fraud, theft and abuse’ force Texas freight brokerage ...

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’ …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 ...Chattanooga, Tennessee—the heart of Freight Alley and home to FreightWaves—will come alive once again with the largest festival in freight November 7-9, 2023. The second annual F3: Future of Freight Festival will converge in the Scenic City at the Chattanooga Convention Center, bringing together experts, entrepreneurs, industry leaders ...The Mes Aynak ore deposit is estimated to hold reserves worth $88B: the mining lease is China’s largest investment in Afghanistan, and Afghanistan’s largest foreign investment in the country’s history. The Mes Aynak ore is supposed to be high grade, at 2.3% copper, at a time when the average purity of copper ore being mined is less than 1%.Nov 15, 2023 · FreightWaves Staff Tuesday, November 21, 2023 Could J.B. Hunt, BNSF alliance on Quantum change next decade in freight? J.B. Hunt and BNSF Railway are heralding a new era in freight transport with an intermodal partnership called Quantum. With it, they hope to add enough value to win market share from truckload freight. Read More »

Voting. A panel chosen by FreightWaves will take the hundreds of nominations and narrow down these companies to the FreightTech 100. An external peer group of CEOs, industry leaders, academics and freight-industry investors will then take the FreightTech 100 list and rank those companies that they think are the top 25 most innovative …Web7 Jun 2023 ... ... Freight Waves shows that the per-mile rate fell to $1.49. At the peak of the boom in 2021, drivers were pulling in as much as $3.01 per mile ...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 ».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 …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 …Freight brokers can easily transform their business operations with real-time visibility & automated capacity sourcing. Learn how Descartes MacroPoint can ...

15 min. The biggest bankruptcy in U.S. trucking history could occur in the coming days when the nation’s third-largest less-than-truckload carrier, Yellow Corp., files. The company ceased all operations at noon on Sunday, and leadership representing its Teamsters workforce said it had been notified of a pending bankruptcy filing.

A week ago, Patterson, who worked at TQL from August 2007 to April 2021, filed a lawsuit against TQL seeking damages and injunctive relief. His suit, filed in Clermont County, Ohio, alleges the case “demonstrates the extraordinary measures TQL will take to harm the career prospects of an employee who has the temerity to leave the company.”.FedEx Freight said in late August that its 2024 GRI would average between 5.9% and 6.9%, 100 bps lower on both ends of the range than the 2023 increase.The new increase takes effect Jan. 1. Since the exit of Yellow, most carriers have seen an influx of freight into their networks, which has pushed analysts to raise estimates heading into …28 Okt 2022 ... Comments1 · Court filings show how 6-year-old boy who shot Virginia teacher got mom's gun · The Great Trucking Purge continues as freight rates ...The company’s corporate office is located in Griffith, Indiana. Services and Materials: Bulkmatic specializes in the transportation of shipments of items such as plastics, dry chemicals, and bulk food grade. Employees: The company employs between 1,001 and 5,000 employees. Revenue: $100M to $500M. Pricing: Contact Bulkmatic for pricing.WebNov 15, 2023 · FreightWaves Staff Tuesday, November 21, 2023 Could J.B. Hunt, BNSF alliance on Quantum change next decade in freight? J.B. Hunt and BNSF Railway are heralding a new era in freight transport with an intermodal partnership called Quantum. With it, they hope to add enough value to win market share from truckload freight. Read More » 24 Jan 2019 ... In January of 2019 Freight Waves contacted Nova shortly before we unveiled our second iteration of Dax, the “Payyl” class.FY 2012-2023. Average per-mile spot rates for trucking fleets have hit $1.54, down 11.6% from 2022 and 34.4% from 2021, according to the FreightWaves National Truckload Index. At the same time, the costs of fuel, replacement parts, insurance and other key inputs have soared.WebNov 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%.

2 min. Super-regional parcel delivery carrier OnTrac will raise its 2024 tariff rates by a blended average of 6.2%, with shorter-haul traffic being charged less than longer hauls. Rates on parcels moving 600 miles or less will increase, on average, by 5.9%. For shipments moving 600 miles or more, a 6.4% rate increase will apply.

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 …

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.Forecast. Using SONAR, you can project freight rates, fuel, operating costs, equipment values, and market activity—for the next 24 hours and all the way up to a year. SONAR’s comprehensive and high-frequency data from across global freight markets is combined with the most comprehensive forecasting tools in the industry, providing users ... 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 …As the airline’s agent, France-based ECS will essentially be the face of the airline in the designated regions and provide freight forwarders with a range of cargo services. The GSSA’s primary roles are selling cargo space, supervising ground handling and delivery operations at local airports, and providing administrative support.Jun 1, 2023 · 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 ... 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.WebEditor’s note: A previous version of this story incorrectly referred to the Seattle-based company as Convoy Logistics. It is, in fact, Convoy Inc. and is not affiliated with Convoy Logistics, a freight brokerage based in Crossett, Arkansas, nor it is affiliated with Convoy Systems out of Kansas City, Kansas. A change is brewing in the next day or …All that being said, on average a hotshot trucker makes between $60,000 to $120,000 in gross annual income. Keep in mind that hotshot trucking does require you to pay for your own expenses as well. Fuel, maintenance, insurance, licenses, fees, food, tolls, ELD, and more all come out of your pocket, which will impact your overall income.The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year (3,000 employees) and Celadon’s shuttering (5,500 employees) ended it. There were hundreds in between.5 Freight Sales Methods to Boost Freight Broker Prospecting. #1 – Cold calling – The granddaddy of them all. “Smiling and dialing” is the quickest and most effective method for any freight broker to fill his/her pipeline. Cold calling should always be your prospecting foundation. Freight sales is a contact sport and the more dials you ...WebGet free real-time information on WAVES/USD quotes including WAVES/USD live chart. Indices Commodities Currencies StocksFreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze,...

Two laid-off Yellow employees who were not represented by Teamsters told FreightWaves that they did receive their final paychecks last Friday. However, they said they did not receive payment for unused vacation time. Yellow wrote in its separation agreement dated July 28 that laid-off employees would receive payment for unused vacation “ [a]s ...WebNov 30, 2023 · The heart of the Haslam complaint — filed as an action by Pilot Corp. — is that in violation of an earlier agreement, Berkshire Hathaway, upon taking control of Pilot Travel Centers (PTC), switched its accounting to a “pushdown” method. Haslam says this is reducing the value of Pilot, which would impact what Berkshire Hathaway would pay ... SONAR’s van contract rate index, which is derived as the national average contract rate from over $40 billion of actual contracted loads between shippers and carriers, is currently at $2.74/mile, down from a high of $2.98/mile set on June 3, 2022. The drop of $0.24/mile represents a 9% drop in two months — and reverses all of the contracted ...A temporary restraining order has been issued blocking asset-light transportation provider Forward Air’s recent merger agreement. A complaint filed by three shareholders, who are also former employees, said shareholders weren’t allowed to vote on the transaction as required by Tennessee law. The 3rd District Chancery Court in Greeneville ...Instagram:https://instagram. zscaler stocksolar panel stockbest finance advisorsporrnhub.com 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 ... best fractional ownership propertiesbp price stock That percentage will fall under 11% by the end of 2022 as UPS continues to cull lower-margin Amazon shipments from its system. UPS reported that second quarter U.S. daily package volumes missed its forecast by about 222,000 packages. More than half of that came from shedding volumes from large shippers like Amazon.WebGet 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 data and actionable intelligence. best insurance for diabetes The FreightTech Award honors innovation and disruption within the freight industry. Nominations are narrowed down to the FreightTech 100 which is then voted on by a hand-picked peer group of CEOs, industry leaders and investors actively investing in freight to select the FreightTech 25. All of the recipients of the FreightTech Award are highlighted below. 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.