Supply Chain, Logistics, and Trucking News & Data - FreightWaves
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#1 Logistics, Freight and Transportation News - FreightWaves
WEB1 day ago · Marten, citing weak freight market, cuts base salaries of 6 top executives. Marten Transport cited the weak freight market in reducing the salaries of six top executives. The executives’ 2023 salaries ranged from $267,000 to about $811,000.
Leading Trucking News - Award Winning - FreightWaves
WEB3 days ago · California bill would expand state’s power over warehouses and related trucking. Opponents of a bill transferring significant authority over California warehouses from local governments to the state are waiting to see whether Gov. Gavin Newsom will sign it. Read More ». Todd Maiden Wednesday, September 4, 2024.
Crude shipping revs up; supertanker rates top $100,000 a day
WEBMar 10, 2023 · LinkedIn. Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached the $100,000-per-day threshold. It could be a taste of things to come. Analysts and investors are increasingly confident that the tanker business is headed into a long, sustained upcycle. “VLCC rates have surged at the ...
How big are the world’s largest ocean container ships?
WEBJan 14, 2023 · Twitter/X. LinkedIn. Taiwan-based Evergreen Marine in June launched the largest container ship ever built, the aptly named Ever Alot. The massive ship has a capacity of 24,004 twenty-foot equivalent units, just a little more than its slightly older sibling, the Ever Ace, launched in July 2021 and the …
Railroad Freight Industry News | FreightWaves
WEBSep 18, 2024 · Railroads continue to play a significant role in North America’s economic infrastructure. 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 ...
20 carriers named as 2021 Best Fleets to Drive For
WEBJan 6, 2021 · Twenty carriers have been named to the Truckload Carriers Association (TCA) and CarriersEdge 2021 Best Fleets to Drive For list. This year’s Best Fleets includes four carriers new to the list and 16 carriers that were also named to the 2020 list.. Produced by CarriersEdge, in partnership with TCA, Best Fleets to Drive For is an annual survey and contest that identifies the for-hire carriers ...
Forward Air says ‘earned trust’ a must after Omni acquisition
WEBSep 6, 2023 · Forward currently has a $1 billion share of that premium LTL market, half of which comes from domestic forwarders. Omni has $300 million in LTL revenue, with $250 million being fulfilled by other capacity providers. Much of that freight is likely to be converted to Forward’s network within the first 60 to 90 days of closing, Schmitt said.
Freight brokerages embrace power only and drop trailers
WEBNov 2, 2020 · John Paul Hampstead. · Monday, November 02, 2020. (Photo: Jim Allen / FreightWaves) Supply chain dislocation and tight truck capacity have intensified shippers’ demand for power-only and drop-trailer solutions, accelerating a trend that has been years in the making. When Knight-Swift (NYSE: KNX) reported its …
Two charts explain why we’re in a freight recession
WEBNov 13, 2023 · The root cause of the current freight recession has been the imbalance of supply and demand. Let’s break down demand first: According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels. Volumes are at some of the highest levels of the year to …