Freight wave.

Nov 5, 2023 · Pennsylvania brokerage lays off nearly 65 employees, sources say. 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 ... We would like to show you a description here but the site won’t allow us.Purchase: A freight broker purchases a surety bond from a surety company or bond agency. The FMCSA requires a bond of at least $75,000, but you should also research your state’s requirements. Obligation: The freight broker must abide by the rules and regulations laid down by the FMCSA and any state-specific laws.FMCSA’s own statistics red-flags the problem. Of 690,091 interstate freight carriers eligible for an FMCSA safety rating in 2021, 646,777 — roughly 94% — did not have a rating, according to the agency’s most recent annual safety data, published in December 2022. “A system that rates less than 10% of the eligible population is ...BlueVine. Best For: Transparent fees. BlueVine is a flexible, transparent invoice factoring company that is newer to the industry. Established in 2014, it has an A+ Better Business Bureau rating and excellent reviews. With BlueVine, you can choose from recourse or non-recourse agreements to meet your needs.

Ukraine targeted a freight train with four explosive devices, an unnamed source told CNN. It is the only major railroad connecting Russia and China for military supplies, per Russian …13 de jan. de 2022 ... ZIM is a global asset-light container liner shipping company with leadership positions in niche markets, operating a fleet of 87 vessels across ...December 2023. Tue 5. December 5 @ 2:00 pm - 3:00 pm. Webinar: Where Do We Go from Here? Shipper & Consumer Expectations for 2024. Join FreightWaves for a webinar on Tuesday, December 5 at 2pm ET when we’ll cover freight market expectations for load volumes, inventory levels, and capacity. Thu 7. December 7 @ 2:00 pm - 3:00 pm.

FreightWaves. 71,550 likes · 1,550 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.

In partnership, Talon Logistics and FreightWaves conducted a survey focusing on North American supply chains across diverse industries. This survey revealed an intricate web of preferences, satisfaction levels and emerging concerns that should guide both shippers and logistics providers in strategic decision-making through 2024.A vivid account of a wave unlike any other, featuring Luke Hynd, Tim Bisso and Gearoid McDaid.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. 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 ...

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Load boards for brokers are an all-in-one service for the freight marketplace. Load boards facilitate a freight broker’s role to efficiently locate freight carriers. For a freight broker, a load board is a one-stop-shop to locate carriers, build relationships with dispatchers, and create their own reputation within the industry.

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 next month ...We would like to show you a description here but the site won’t allow us.The U.S. Department of Labor said this week it is still seeking nearly 1,400 Arizona drivers who are owed up to $5.6 million after a victory in a misclassification case that was settled in November. freightwaves.com. DOL seeks misclassified Arizona delivery drivers who are owed millions. XPO is continuing to expand its physical footprint to meet customer demand. The company has added more than 500 net new doors to its service centers nationwide since the end of 2021, with the intention of adding a total of 900 net new doors by early 2024. Additionally, it has added 2,000 new tractors and 8,000 new trailers — hailing from its ...A Tennessee-based trucking and logistics company has agreed to pay $700,000 to settle allegations by the U.S. Department of Justice that it discriminated against noncitizen workers when checking their permission to work in the U.S. Read More ». John Gallagher Wednesday, November 22, 2023.

Is soliciting the open market of carriers for the purposes of transporting a freight shipment. FMCSA’s guidelines clarify that dispatchers operating as an unauthorized broker carry civil penalties of up to $10,000 for each violation. Congress also mandated that FMCSA clarify what defines a “broker” versus a “bona fide agent” that ...The trucking industry is a vital component to maintaining economic stability in the United States. Ten-and-a-half billion tons of freight is transported annually, according to the American Trucking Associations website.Larger container ships sailing from Asia to U.S. East and Gulf Coast ports already feel the effect of Panama’s drought, because they need more than 44 feet of draft when fully loaded. Vasquez said that for every foot of lost draft, container ships lose capacity for 350 twenty-foot equivalent units. Thus, this year’s loss of 6 feet of draft ...Several commenters said FMCSA should allow for an industry-accepted two free hours of wait time, after which it should require a $100-per-hour detention time fee be paid the broker, shipper or receiver. “Hit them where it hurts: their bottom line,” said one, recommending a $100-per-hour fee go to the driver and $300 per hour to the carrier ...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 …Freight allowed describes an agreement between a buyer and a seller, in which the buyer pays for the cost of shipping, and the seller deducts this from the invoice. This means that the obligation of the seller is to ensure that the goods ar...

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Mar 29, 2023 · The siloed nature of the freight industry leads to confusion and speculation, two factors that worsen rate variability, according to Hamlin. “Shippers and their carriers or brokers are only conversing about one lane or one region at a time,” she said. “This transactional market today just really enhances this fragmentation in silos and ... Webinar: Harnessing data for smarter logistics management. By embracing artificial intelligence (AI) and quantum computing, shippers and freight forwarders can not only meet but exceed the demands of modern supply chain complexities. Combining these technologies can help […] Explore the latest industry webinars hosted by FreightWaves …6 min. The bankruptcy estate of former retail giant Bed Bath & Beyond (BBBY) continues its relentless pursuit of shipping lines for alleged damages suffered during the supply chain crisis. It has already filed $31.7 million in claims against Hong Kong shipping line OOCL and $7.7 million in claims against Taiwan’s Yang Ming.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.Today’s rate wars may seem amplified compared to the 2020-22 cycle when pandemic-related delivery volumes spiked hard and carriers had the effective run of the pricing table. In contrast, delivery demand today is quite soft, mirroring the broader goods-ordering weakness pervading the general economy. Parcel carriers invested billions of ...You’re just one click away from receiving all the news and analysis for 3PLs and freight brokers. Putting the industry we know and, sometimes love, under a microscope. FreightWaves needs the contact information you provide to us to contact you about our products and services.

Quicklook: best load boards for truckers. Best for specialized vehicles or loads: Truckstop. Best for last-minute loads: Uber Freight – Find Loads. Best for free load board: TruckSmarter. Best for expanding companies: Convoy – Find Loads. Best for cost value: 123Loadboard – Find Loads. Best for customized features: Direct Freight – Find ...

Apr 5, 2023 · Of that total, 58% were inactive because vessels were in shipyards, with only 42% commercially idle. The amount of commercially idle tonnage peaked in mid-February at 850,417 TEUs. As of late March, Alphaliner data showed commercially idle tonnage was down to 606,943 TEUs. That’s a six-week drop of 242,474 TEUs or 29%.

1 de ago. de 2023 ... ... freight fiasco: We're seeing a much more cautious economy in goods demand. CNBC Television•11K views · 5:19 · Go to channel · Trucking industry ...Step 4: Pay the Freight Charges. Even when you receive damaged goods it is important not to reject the freight. Pay the freight regardless of damages or shortages. This is part of the good faith agreement and will help you in your final claim. You can add the freight charges to the claim amount.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%.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% ...Mar 7, 2023 · 5 min. Transportation prices fell in February at the fastest rate recorded in the six-and-a-half-year history of a monthly survey of supply chain executives. The Logistics Managers’ Index (LMI) registered a reading of 36.1 for transportation costs in February, 5.9 percentage points lower than in January and below the prior record, which was ... A vivid account of a wave unlike any other, featuring Luke Hynd, Tim Bisso and Gearoid McDaid.TForce Freight pickup and delivery drivers will be driving less and taking on more freight as TFI International pushes efficiency in its U.S. LTL operation, says TFI’s CEO. Read More » Nate Tabak Wednesday, December 22, 2021 TForce Freight drivers win small victory in truck speed fight TForce Freight has rolled back the speed …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. Those ships are generally in the 8,000- to 14,000-TEU range. Ships in that size range can carry between 2.5 million and 3.5 million gallons of fuel. The amount of fuel actually be used on a sailing depends primarily on the ship’s speed. Most ship engines have been designed for top speeds ranging between 20 and 25 knots per hour, which is ... 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 ...Apr 13, 2023 · They were each charged with four counts of wire fraud, each punishable by up to 20 years in prison. Some defendants were indicted on three counts. Officials said the “pervasive corruption” cost Polar Air Cargo $52 million and touched nearly every aspect of the airline’s business between 2009 and July 2021. A 10th individual was indicted ...

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 …Freight Industry News & Trends. The Future of Freight is a collaboration between FreightWaves and Convoy to highlight the businesses and individuals who are leading this change. Here you’ll find stories about supply chain professionals who are modernizing their operations, the technologies enabling the change, and best practices you can apply ...Despite these developments, Edgar believes that it will most likely be a decade or more before drones of this size will be carrying freight. Edgar’s Empire Unmanned was the eighth company to receive an FAA drone exemption when the government put in place regulations prohibiting the commercial use of drones outside the …Instagram:https://instagram. what are the best wealth management firmsverizon net worthmost consistent options strategyvti share price 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% ...Shipping brokers work as intermediaries between shippers and carriers. The broker does not own the goods in need of transportation nor do they have a transportation company to move the goods. They simply work with the two parties to reach favorable terms and contracts between the two. The freight industry is complex and growing rapidly … pekin life insurance companyhero etf Brasca’s name had been removed from the FourKites’ leadership team page as of Wednesday morning, while Subramanian’s and Slaby’s remained. Elenjickal told FreightWaves on Tuesday that these were “routine internal organizational changes.”. FourKites has had a total of eight funding rounds, the most recent in September 2022.We would like to show you a description here but the site won’t allow us. vanguard money market rate 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.Trucker Tools. Trucker Tools helps empower brokers and carriers with real-time software intelligence.Its platform of over 315,000 carriers helps brokers match 98% of freight with reliable trucks. Trucker Tools’ Book-It-Now option also helps improve relationships with trusted carriers by fully automating many steps of the booking process …Companies Hiring. FreightWaves is the leading provider of news and data to the global freight industry. The company is hiring for sales, data-science, economics, and editorial. Click here to view open positions. Redwood Logistics is the fastest growing and most innovative 3rd party providers, leveraging over 1 billion dollars in freight spend ...