Tag: freight

February 1, 2024

FedEx has portrayed its new air network redesign in terms of streamlining the high-cost overnight parcel operation, but internal communications show the express delivery giant also sees an opportunity to aggressively go after heavyweight cargo booked by logistic providers to […]

December 14, 2023

While pay increases are slowing, wages are still rising. Driver pay has grown 1.5% over the last four quarters, compared to gains of over 10% in 2021 and over 5% in 2022, NTI found. “Throughout the year, despite hiring needs […]

November 3, 2023

Danish dry bulk shipping and freight trading company operating primarily in the handysize and handymax segments Union Bulk has become a shipowner following the acquisition of a 28,386-dwt bulker. The company was established in March 2019 and was founded by […]

October 18, 2023

On Wednesday, FreightWaves reported that Convoy was winding down operations. Earlier in the morning, I had started writing an article about liquidity issues that some freight brokerages are having or will have. Then the news broke that one of the […]

October 12, 2023

Delta Air Lines’ cargo revenue dropped by more than a third year over year (y/y) for the second consecutive quarter amid an ongoing freight recession that has sharply eroded demand and shipping rates. The cargo and maintenance businesses pressured total […]

October 3, 2023

Another sign of a potential inflection point in the freight cycle was provided Tuesday in a report highlighting data compiled in the Logistics Managers’ Index (LMI). “The freight recession is still ongoing, but in a continuation of what we have […]

May 18, 2023

A coalition of several dozen groups gathered in the nation’s capital to draw attention to supply chain projects in need of federal support, calling on policymakers to approve long-term funding as well as reform the federal permitting process. The Coalition […]

May 1, 2023

FedEx Freight is closing 29 locations in its network and enacting another round of temporary furloughs as demand continues to fall. Operations in affected places will be consolidated to other locations, effective Aug. 13, according to an emailed statement. “We […]

April 3, 2023

The Illinois Department of Transportation (IDOT) recently announced it awarded $197.5 million in Illinois Competitive Freight Program funds to 22 projects that will improve freight movement. The program is designed to implement the goals of the Illinois State Freight Plan. […]

March 20, 2023

Cash flow is everything when you are in the trucking business. After all, you must keep your truck on the road, so your business keeps moving, which takes money. According to Simplex Group, cash flow issues are relatively common in […]

January 25, 2023

Legislation that aims to allow young commercial drivers to transport freight from ports was recently introduced in the U.S. House of Representatives. Led by Rep. Brian Mast (R-Fla.), the Ceasing Age-Based (CAB) Trucking Restrictions Act would classify certain statewide freight […]

July 5, 2022

Transportation has seen a tremendous influx of new technologies after the pandemic exposed its weakest links. Now the industry is competing on a rapidly growing digital playing field. But as shippers and carriers begin to fully utilize digital freight technology, […]

January 9, 2019

The platform creates an optimal digital user experience, leveraging the latest technology and real-time information, “to increase efficiency and simplify the complex chartering process,” Antonio Brizzo, President and Chief Executive Officer of maruFreight, explained. It is designed to facilitate optimal […]

January 11, 2017

Freight considerations are rarely of primary importance for legislators and others in government, but there are some public officials who appreciate the great importance of transporting goods and use that understanding to recruit business development. Local and regional government planners […]

October 13, 2016

Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals. Intermodal cargo, goods hauled in containers, fell a second consecutive quarter for the first time since […]