Supply Chain, Logistics, and Trucking News & Data - FreightWaves
WEB3 days ago · Election will revamp loophole that allows lower-value imports to avoid scrutiny. FreightWaves 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, monitor and forecast the global physical economy.
#1 Logistics, Freight and Transportation News - FreightWaves
WEB2 days ago · Freight market green shoots fade heading into October. Many of the signs of the end to the freight recession have faded, at least in the short run. A strike and the aftermath of a major hurricane are looming disruptors but probably not enough to sustainably shift the market. But the data still points to the end of this historically loose ...
Leading Trucking News - Award Winning - FreightWaves
WEB6 days ago · Feds award trucker $30,000 in back pay and damages. A driver blew the whistle on a trucking company that fired him for refusing to haul an oversized load without a safety escort. Read More ». Ashley Coker Prince Monday, September 30, 2024.
American Shipper - News Provider in Global Trade - FreightWaves
WEBOct 3, 2024 · Longshoremen port strike unlikely to hinder holiday retail season, expert says. While a potential East and Gulf Coast port strike likely won’t hamper the holiday shopping season, industries such as automotive and food and beverage could be negatively affected, a transportation lawyer says. American Shipper.
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 ...
Container shipping outlook 2024: Rising risk of delays, disruptions
WEBDec 7, 2023 · The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024. Two key container shipping “chokepoints” — the Panama Canal and the Bab-el-Mandeb Strait in the Red Sea — are simultaneously under threat. Container-line financials are under severe pressure, forcing ever more ...
Layoffs and bankruptcies pile up in logistics amid shocking …
WEBNov 17, 2023 · Oct. 23: After its founder embezzled $25 million to purchase a G-550 jet and a $5 million mansion in Texas, Goldman Sachs-backed Slync wound down operations and hopes to sell its proprietary technology, as Hawes reported. Oct. 22: Fort Worth-based SEL Supply Chain Solutions shut down, Hawes reported. Closure of the freight brokerage — that at one time had $65 million in revenue — left 125 ...
Railroad Freight Industry News | FreightWaves
WEBOct 1, 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 ...
Why Walmart pays its truck drivers 6 figures - FreightWaves
WEBJan 23, 2024 · The uber-retailer says truck drivers can make up to $110,000 in their first year at the company. That’s twice the nationwide median pay of a truck driver, and certainly above the $17.50 an hour that the average Walmart associate earns. Home time, paid vacation and good health insurance are also guaranteed for Walmart company drivers.
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 …