Top Stories
Legal issues
Ex-Roadrunner dispatch manager sentenced to 18 months for wire fraud
A federal judge has sentenced Amy Shepherd, 44, of Wichita, Kansas, to 18 months in prison for stealing nearly $113,000 from the trucking company where she worked for nearly three years.
Truck Driver Issues
Truck parking expansion money still elusive on Capitol Hill
Trucking Equipment
Class 8 orders hit 14-month high in November
Less than Truckload (LTL)
XPO’s November shipment increase needed to fill 28 new terminals
SONAR High-Frequency Supply Chain Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | 0.02 | $3819.78 | $3737.38 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | -0.24 | 1.96% | 2.59% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | -0.04 | 0.74% | 0.77% |
Weekly NTI Update: September 26, 2022
FreightWaves Pricing Power Index
The most wonderful time
Tender volumes were outpacing 2022 levels before the holiday and came within spitting distance of 2020 — freight demand’s second-best year on record.
FreightWaves Pricing Power Index
The minor fall and the major lift
FreightWaves Pricing Power Index
Death by a thousand cuts
SONAR Analyst Reports
Ocean carriers’ record rejections last-ditch effort to bolster spot rates
SONAR’s Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)
Contract rate decline takes pause despite significant spot market discount
Transportation providers are going to have to maintain an aggressive posture when competing for business during the upcoming bid season.
Ocean carriers steadily losing pricing power in trans-Pacific
Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.
Editor's Picks
Trucking
Synop aims to reshape supply chains starting with EV drayage trucks
Synop sees commercial fleet electrification gaining traction across the supply chain through more EV drayage vehicles.
Less than Truckload (LTL)
First wave of Yellow terminals will go for $1.9B; sale process ongoing
Autonomous Freight
TuSimple lays off 150 more employees as it winds down US operations
Logistics
Landstar CEO Jim Gattoni to retire
Truck Driver Issues
Florida seeks help for truckers failing pre-trip inspections
Daily Infographic
American Shipper
Parcel Freight
DHL Express rotates Americas CEO to Europe
DHL Express announced high-level personnel changes in its global organization.
Air Cargo
Maersk Air Cargo explores China-UK route
Modern Shipper
Parcel Freight
UK company develops shipping labels with built-in tracking device
Reelables says technology will eliminate the need for manual label scanning across the supply chain.
Parcel Freight
Uber unveils store package pickup service
Air Cargo
DHL Express upsizes Hong Kong air hub
Bankruptcies and Layoffs
Layoffs and Bankruptcies
Lion Electric lays off 150 employees
Canada-based electric trucking startup Lion Electric cuts 10% of head count to reduce costs as it seeks profitability.
Layoffs and Bankruptcies
The biggest freight brokerage layoffs and bankruptcies in 2023
Layoffs and Bankruptcies
Postal Service contractor to cut 450 jobs, close 2 facilities in California
AskWaves
Maritime
How will Russian ban on diesel exports impact global energy trade?
Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.
Chart of the Week
Chart of the Week
Atlanta becomes casualty of imports returning to West Coast
Shippers are reverting to pre-pandemic shipping patterns, which may exacerbate the next freight market shift.
Startups
Infrastructure
Fresh thinking about the electric grid holds possibilities
The electric grid holds more potential for electric truck charging than utilities currently allow. A big rethink is under way.
Electric Trucks
Ree Automotive: Business life during wartime
Autonomous Freight
Torc tackles beyond-the-truck autonomous issues
Technology
Viewpoint
The next frontier in supply chains: Yard vision and automation
Yard automation will bring about significant improvements in how companies manage their transportation hubs, leading to streamlined operations, reduced costs and enhanced visibility.
Autonomous Vehicles
Kodiak Robotics makes autonomous pickup for military
Technology
DAT has ‘zero tolerance’ for fraudsters
Net-Zero Carbon
Sponsored Insights
Renewable diesel creates pathway to cleaner transportation industry
The transportation sector is actively looking for ways to reduce greenhouse gas emissions. This has created increased demand for cleaner, more innovative fuel sources, like renewable diesel.
