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FreightWaves SONAR Outbound Tender Volume Index (OTVI) is a measurement of electronic offers from shippers to truckload carriers for the transport of goods. OTVI is an indicator of raw demand for trucking capacity. Truckload freight volume is a barometer for business activity around physical goods required by businesses and consumers.The chart is measuring the market in weeks; green is expansion, red is contraction. As capacity continues to correct, the freight rate cycle will begin to move at a faster pace (perhaps later this year; more likely late in the first quarter of 2024). Rates will move higher. Generally speaking, this helps carriers and is detrimental to shippers.Jul 25, 2023 · 3 min. Yellow appears to be halting pickups in some areas of the Northeast, as well as Ohio, California and Texas, according to account executives who spoke to FreightWaves anonymously and company communication shared with FreightWaves. Nationwide, Yellow said in a memo sent to employees and shared to FreightWaves on Tuesday it was “limiting ... The freight market is suffering from very challenging conditions and few dispute that the freight market is in recession. The root cause of the current freight recession has been the imbalance of supply and demand. According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels.

FreightWaves National Truckload Index (NTI) is a seven-day moving average of spot rates that measures the U.S. for-hire, over-the-road dry van trucking market: Representing 8.7 million loads. Published 365 days of the year. Over 1,200 days of historical data. Views aggregated weekly or moving 7 day averages.Discuss general economic news, banking malfeasance, paper bug gestalt. Threads 743 Messages 8.6K. Threads 743 Messages 8.6K. Fed will overshoot rate increases. Yesterday at 12:50 PM; pmbug; Other Markets. Stocks, bonds, crypto and other investment markets. Threads 83 Messages 8.4K. Threads 83 Messages 8.4K.Web

The freight brokerage industry began humming Meat Loaf’s 1977 power ballad “Two Out of Three Ain’t Bad” Tuesday when the U.S. Court of Appeals for the 7th Circuit became the third federal appellate court to consider the extent to which negligence claims against freight brokers are preempted by federal law.

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.Stay Up to Date on the LTL Industry. Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL …Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry.Citizens Bank of Sac City, Iowa, has failed, and it appears that its exposure to commercial trucking is the cause. Citizens Bank was a small state-chartered bank. Its loan portfolio was focused on “commercial and industrial loans,” according to Bank Reg Blog. The blog reported on Nov. 3 that the Federal Deposit Insurance Corporation (FDIC ...WebContainer 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.

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 ...

Sep 26, 2023 · Mark Solomon. · Tuesday, September 26, 2023. A robotic truck loader from Dexterity (Photo: FedEx) FreightWaves. FedEx leverages AI to improve trailer-loading process. 1 min. Robotics firm Dexterity AI said Tuesday it has partnered with FedEx Corp. (NYSE: FDX) to have robots load FedEx Ground trailers by leveraging AI-powered technology.

The air freight forwarding industry is responsible for making sure shipments from one country to another are fully completed. They handle everything from storage and inventory management, to customs clearance, international export, import documentation, and more. Because of their expertise in international shipping, air freight forwarders also ...You can find the Standard Carrier Alpha Code for a freight company at SCACCodeLookup.com. An alphabetized list of the most common SCAC codes is available at EDIProvider.com.6 min. Not a single container ship waited offshore of the ports of Los Angeles or Long Beach on Nov. 22-23. It was the first time the queue had gone to zero since October 2020, in the early days of the COVID-era consumer boom. “The container-ship backup for the ports of Los Angeles and Long Beach has ended,” declared Kip Louttit, executive ...Jun 20, 2023 · 7 min. In 2022, U.S. business logistics costs, or what is spent to keep the nation’s logistics network humming, grew by an astounding 19.6% to a record $2.3 trillion, representing 9.1% of national gross domestic product, according to the 34th annual State of Logistics Report. On a percentage basis, financial cost of inventory led the way with ... 4 min. Forward Air reported third-quarter adjusted earnings per share of 99 cents Monday after the market closed. The result was 12 cents light of consensus and 94 cents lower year over year (y/y). Forward ( NASDAQ: FWRD) pinned the miss on soft demand for its noncore intermodal and truckload brokerage services.

Discuss general economic news, banking malfeasance, paper bug gestalt. Threads 743 Messages 8.6K. Threads 743 Messages 8.6K. Fed will overshoot rate increases. Yesterday at 12:50 PM; pmbug; Other Markets. Stocks, bonds, crypto and other investment markets. Threads 83 Messages 8.4K. Threads 83 Messages 8.4K.WebAug 30, 2023 · Trucking companies have different operating costs, but none of them can survive long on low rates. Throughout this year, truckload spot rates have hovered between $1.50 and as high as $2.10 a mile. Meanwhile, the average breakeven cost per mile for truckload ranges from $1.56 to $1.90 per mile, according to a recent J.P. Morgan study. 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.Russia’s invasion of Ukraine buoyed rates for tanker companies. Now there’s a new geopolitical crisis — the Israel-Hamas war in response to Saturday’s terrorism attack by Hamas — and clear potential for escalation to a regional conflict. It may seem insensitive, but it’s the job of shipping analysts and shipowner executives to ...Other truck driver challenges include issues related to health and wellness. Truckers must deal with a lack of exercise, poor diet, extended periods without bathroom breaks, eye strain, cramped conditions, poor sleep — not to mention the mental toll of being away from home and family for days at a time. Though many drivers earn good wages ...Web3 min. Lessons From Across the Pond and The Passenger Ground Transportation Industry. Share. Watch on. On this week’s episode of Taking the Hire Road, Jeremy Reymer, founder of DriverReach, is joined by Simon Curtis, CEO of Career Driver as well as founder and director of Curtis Gabriel, a leading digital marketing agency based …WebMorgan Stanley sees an upturn. The Cass report’s suggestion that the market has begun to bottom had some overlap with a Morgan Stanley report that projects that truck rates as measured by the Wall Street company will increase to $2.02 per mile in six months from the current $1.68, and will be $2.33 in 12 months.Web

4 min. CHATTANOOGA, Tenn. — From his position as CFO and chief revenue officer of one of the largest truck-specific insurance companies, Thom Albrecht can see trucking capacity bleeding out of the market. In one of the final fireside chats at FreightWaves’ F3: Future of Freight Festival in Chattanooga, Tennessee, on Thursday, …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.

Jul 30, 2023 · A bankruptcy filing could be announced Monday. (Photo: Jim Allen/FreightWaves) Less-than-truckload carrier Yellow Corp. ceased all operations at 12 p.m. Sunday, according to a notice on the gates at its terminals. Separate internal documents showed the procedures for closing the facilities as well as “talking points” to be used when ... 5 min. Yellow Corp. expects to reduce the number of terminals in its network from 316 to 300 by year-end as the less-than-truckload carrier looks to further cut costs, company executives told analysts. Speaking after Yellow reported first quarter financial results Tuesday, chief operating officer Darrel Harris said the terminal reduction would ...3.5M Unique Visitors Per Month 258K+ Social Followers 14 AWARDS FOR EXCELLENCE IN B2B JOURNALISM 2020 FINALIST, BEST WHITE PAPER INSIGHTS FROM …Monday, June 14, 2021 0 Even with inflationary pressures pervading nearly every aspect of the economy, consumer packaged goods (CPG) companies are somewhat uniquely exposed... Read more Retail disruption and K-shaped recovery highlight importance of freight data by Tony Mulvey Thursday, April 29, 2021 0Trucking Regulation. Trucking regulations are determined by several government agencies in the United States. The Federal Motor Carrier Safety Administration (FMCSA) is the lead agency responsible for trucking laws, regulating and providing safety oversight of commercial motor vehicles (including over 500,000 commercial trucking companies.FreightWaves spoke with 17 current Yellow employees — one mechanic and 16 truck drivers, who work over-the-road or locally — to learn more about the rank and file’s reaction toward this brawl. Five drivers were connected to FreightWaves through Yellow’s spokesperson, who remained on the phone with each interview.Web4 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 …

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 ...

5 min. C.H. Robinson, one of the world’s largest 3PLs, is delaying the launch of a controversial program known internally as Project Infinity as the company’s IT department works out various bugs discovered during testing of new updates to its Navisphere platform for trucking companies, sources say.

Morgan Stanley sees an upturn. The Cass report’s suggestion that the market has begun to bottom had some overlap with a Morgan Stanley report that projects that truck rates as measured by the Wall Street company will increase to $2.02 per mile in six months from the current $1.68, and will be $2.33 in 12 months.WebThen the news broke that one of the most iconic freight brokers to come out of the venture era of freight tech funding would fail on the same morning. Convoy was a victim of a violent commoditized industry that is facing one of its deepest recessions in decades and a sudden change in investor appetite from risk to unit economics. 5 min. Yellow Corp. expects to reduce the number of terminals in its network from 316 to 300 by year-end as the less-than-truckload carrier looks to further cut costs, company executives told analysts. Speaking after Yellow reported first quarter financial results Tuesday, chief operating officer Darrel Harris said the terminal reduction would ...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.CWT in freight is calculated by dividing the total weight of a shipment by 100, since CWT means “cents per hundred pounds.” To calculate freight charges, multiply the applicable rate per unit of weight by the weight of the shipment.Push to reshore US manufacturing motivated by global supply chain issues. Rosemary Coates, executive director of the Reshoring Institute, offers insights into supply chain issues during a keynote address Thursday at the FreightWaves F3: Future of Freight Festival. Read More ». Noi Mahoney Wednesday, November 2, 2022.FreightWaves. 71,550 likes · 1,550 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.7 min. The conventional wisdom at this time is that most of the world has moved on from the pandemic (except for China); therefore, supply chains will return to “normal.”. Unfortunately, this is not the case. The world has permanently changed and supply chains are going to face continuing challenges for decades to come. Among those ...

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 ... The freight market is suffering from very challenging conditions and few dispute that the freight market is in recession. The root cause of the current freight recession has been the imbalance of supply and demand. According to SONAR’s Outbound Tender Volume Index, or OTVI, freight volumes are currently up 16% over 2019 levels.Samsung overtook Apple to secure the top spot in smartphone shipment volumes during the first quarter of 2023. Samsung overtook Apple through a slender 1% lead to secure the top spot in smartphone shipment volumes during the first quarter o...Instagram:https://instagram. growth stocks under dollar10investing in real estate with no moneybest municipal bond funds 2023dwac futures See all of FreightWaves’s headline news. Compare how the top news stories are covered by left-wing and right-wing news sources. We’ve discovered 2,780 headlines written by FreightWaves during the past 3 months. Ground News rates FreightWaves’s media bias as unknown. nasdaq seatlegal insurance for individuals 2 min. 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 ...The Teamsters and UPS Inc. came to terms on all noneconomic issues during national contract negotiations on Tuesday, the union said. “We have reached tentative agreement on well over 40 noneconomic issues that affect all our members at UPS, and we did it as a team. The Teamsters haven’t sacrificed a single concession in these negotiations ... lac stocks The ¥13.2 trillion extra budget is largely aimed at trying to ease the pain of the strongest inflation in decades. Almost 30% of firms surveyed by the Japan Trucking Association in 2022 said they ...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 ...