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OTRI reveals overabundance of capacity in the market: SONAR: OTRI.USA: 2023 (white), 2022 (blue) and 2021 (green) To learn more about FreightWaves SONAR, click here. Over the past week, OTRI, which measures relative capacity in the market, rose to 3.82%, a change of 20 basis points (bps) from the week prior.FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our …FreightWaves. Estes Express confirms cyberattack. 2 min. Estes Express on Tuesday confirmed that it has been the target of a cyberattack. The Richmond, Virginia-based LTL carrier did not share details about the attack or what areas of the company have been impacted. In a statement posted Tuesday morning on X, formerly known as Twitter, …FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank.

Nov 16, 2023 · 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 industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility into one truck, creating economies of scale, with each shipper ...

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%.Mar 11, 2022 · 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 ...

Tender rejections off to strong start in 2021. Due to its calculation and presentation as a seven-day moving average, OTVI remains distorted by the New Year’s holiday. However, even in its trough, we can compare year-over-year (y/y) growth. On an adjusted basis after removing the influence of higher year-over-year tender rejections ...Mar 11, 2022 · 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 ... FreightWaves. 70621 likes · 1882 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.FreightWaves SONAR Outbound Tender Rejection Index (OTRI) is an anonymized measurement of mid-sized to large truckload carriers’ willingness to accept the loads that are offered (or “tendered”) by shippers. OTRI is an indicator of capacity availability in contracted surface freight markets. It is expressed as a percentage of loads ...

News that moves you. Our award-winning team combines the best in broadcast journalism with the diesel in our veins as we bring you the inside scoop on what’s happening in freight right now. From deep dives to fast facts, FreightWavesTV covers the world of freight like no one else. Start Watching Now On Demand Content Whether you like to watch ...

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.

An index of tendered volumes on a given day. It is organized by inbound (ITVI) and outbound (OTVI) volumes for the U.S., regional, and market granularity. The index was created with a base of 10,000 on a national level from March 1st 2018 volumes. For example: If there were 10 national loads tendered on March 1st and on March 2nd there …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.The FreightWaves Trusted Rate Assessment Consortium (TRAC) spot rate from Los Angeles to Dallas, arguably one of the densest freight lanes in the country, is still securing its footing. Over the past week, the TRAC rate was left unchanged at $2.31 per mile — still some distance from its year-to-date high of $2.39.FreightWaves LIVE. FreightWaves LIVE: Events Podcast. Trucking. Wanna succeed as a small carrier? Get to know your neighbor. The pandemic hype about $4-per-mile truck rates lasting forever crashed to earth in the past year, leaving disillusioned small carriers looking to get out. Read More ». Join us June 21-22, 2023, at the Huntington Convention Center in Cleveland, Ohio to learn first-hand how companies are digitally transforming the management of their supply chains.

Sep 14, 2023 · 3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM experienced a ... 2022 Top 500 For-Hire Carriers. Download and share our press release template and Top 500 badges (in color and black & white).The April 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. Truckload market provides head ...Aug 29, 2023 · Company imposes 5.9% general rate increase on Express, Ground shipments. FedEx Corp. (NYSE: FDX) said Tuesday that it will raise its tariff, or noncontractual, rates on most of its U.S. services by 5.9% in 2024, a decline from the 6.9% increase in 2023 and a potential attempt to take market share from rival UPS Inc. (NYSE: UPS), which is facing ... Oct 29, 2023 · After bottoming around 7.8% in early July, the intermodal savings index recovered to 9.8% in early October. During J.B. Hunt’s recent earnings call, EVP and President of Intermodal Operations Darren Field stated September had the best volume week ever as volumes improved throughout the quarter. Revenues were down 15% but volume was up 1% year ...

Wednesday, February 24, 2021. 0. In last week’s Passport intermodal weekly, we discussed the very visible impact that the snowstorm in the central states was... Read more. 1 2 … 9. Stay up-to-date on your #1 source for the latest transport, freight and …In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ...

Tender rejections off to strong start in 2021. · Saturday, January 09, 2021. Photo: Jim Allen/FreightWaves. Due to its calculation and presentation as a seven-day moving average, OTVI remains distorted by the New Year’s holiday. However, even in its trough, we can compare year-over-year (y/y) growth. On an adjusted basis after removing the ...Sep 26, 2022 · 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. CloudTrucks CEO Tobenna Arodiogbu has announced that his company is exiting the factoring business and will be transitioning its current customers to RTS…FreightWaves provides thought leadership and editorial content focused on the Global Supply Chain. At the core of each article or content piece is a focus on...Quicklook: Best Trucking Companies Hiring Inexperienced Drivers. Best For Training: Roehl – Quick Apply Now. Best For Flexible Home Time: Fraley & Schilling – Match Now. Best For Innovation and …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.

3 min. Brad Jacobs has chosen the vessel for his next act. The man who put together the XPO freight conglomerate and then sold it off in pieces to leave behind the …

Dec 3, 2023 · GlobalX Airlines defies cargo trend with fleet strategy. Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft. American Shipper. Air Cargo. Eric Kulisch Wednesday, November 15 ...

Borderlands: US mulls terminating tomato trade agreement with Mexico. Mexico exported almost $3 billion worth of tomatoes to the U.S. in 2022, mainly through customs districts in Texas and Arizona. (Photo: Jim Allen/FreightWaves) Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border …Nov 16, 2023 · 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 industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility into one truck, creating economies of scale, with each shipper ... Historical delivery data from Clarksons shows that annual fleet growth averaged 970,000 TEUs in 2001-20. Deliveries in 2023-24 will be 2.6 times higher than that average. The previous single-year record for annual growth was 1.7 million TEUs in 2014, according to Clarksons data, well below what’s to come.Nov 15, 2023 · FreightWaves truckload freight coverage is your leading source of truckload news and information via freight data. Subscribe now for free. 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 SONAR’s price, demand, and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor, and forecast the global physical economy.XPO founder Brad Jacobs is acquiring SilverSun Technologies as a platform to make acquisitions in a yet-to-be-announced industry. https://bit.ly/47HHhQzNov 17, 2023 · The layoffs, which occurred Oct. 16, affected 55 truck drivers, four dispatchers and seven mechanics, according to a recent filing with the Texas Workforce Commission. FreightWaves’ Noi Mahoney reported the story. Nov. 4: Approximately 65 employees of Pittsburgh-based Elite Transit Solutions were laid off. Join us June 21-22, 2023, to learn first-hand how companies are digitally transforming the management of their supply chains. The greatest minds in the transportation, logistics …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, …

An investigation is underway after a FedEx cargo airplane skidded off a runway at an airport in Chattanooga, Tennessee, on Wednesday. The three people on board were uninjured. The incident occurred around 11 p.m. when a call came in that an airplane was experiencing a landing gear failure. In an ATC communication obtained by Local 3 …files.freightwaves.comfiles.freightwaves.comBrasca’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.Instagram:https://instagram. vanguard 500 index fund admiral sharessofi stock outlookdelta dental aarp dental insurance planrobotics stocks to buy UPS executives, who in the words of longtime transport analyst Donald Broughton were “looking to stop the bleeding,” agreed on July 25 to a five-year contract considered generous to the Teamsters and detrimental, at least in the relative short term, to UPS. The union said the contract, which the rank-and-file ratified in early September ... exxon dividend 2023gasoline futures chart The unified carrier, which has yet to announce a new name, will expand into Texas in the first quarter and will add Chicago at an undetermined time. The company on Thursday announced a 6.9% general rate increase on residential ground deliveries in 2023, which matched FedEx and UPS. But the OnTrac-LaserShip GRI is just for show. when can we preorder iphone 15 A FreightWaves analysis of the Postal Service’s top suppliers reveals that the agency’s reliance on brokers has boomed in the past nine years. The Postal Service counted three brokerage firms among its top 150 suppliers in fiscal year 2013, totaling $85 million. By fiscal year 2021, at least 11 firms that primarily provide brokerage ...FreightWaves. 70621 likes · 1882 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.