Top Stories
Mexico Borderlands
Borderlands: Michigan-based 3PL aims to capitalize on Mexico trade through acquisition
This week: A Michigan-based 3PL aims to capitalize on Mexico trade through an acquisition; San Antonio mulls banning overnight truck parking; a Texas-based electric mini-truck maker begins production; and $9.9 million worth of marijuana is seized at the World Trade Bridge.
Autonomous Freight
Governor vetoes autonomous trucking ban in California
Parcel Freight
The parcel Santa surcharge wars
FreightWaves Pricing Power Index
Playing the waiting game
Autonomous Vehicles
Q&A with Stack AV autonomous trucking founder Bryan Salesky
SONAR High-Frequency Supply Chain Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | -0.01 | $3615.46 | $3663.17 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | 0 | 0.31% | 0.31% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | 0 | 0% | 0% |
Weekly NTI Update: September 26, 2022
FreightWaves Pricing Power Index
Reading the tea leaves
Perhaps the most pressing question for both freight markets and the broader economy is how the consumer will fare in the coming months.
FreightWaves Pricing Power Index
Markets clock out on Labor Day
FreightWaves Pricing Power Index
Back despite popular demand
Infographics
FBX Report: September 1, 2023
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
SONAR
Index-linked contracts new way to buy trucking capacity
Dozens of household names are already using this new way to book trucking capacity in a way that reflects the larger market.
Less than Truckload (LTL)
Estes’ $1.525B stalking horse bid for Yellow’s terminals wins out
Autonomous Freight
Waabi signs 10-year autonomous trucking pact with Uber Freight
American Shipper
Company Earnings
FedEx cost cuts outrunning revenue weakness, for now
FedEx’s fiscal first-quarter results give efficiency the nod over growth. (Photo: Jim Allen/FreightWaves)
Modern Shipper
Modern Shipper
Zipline secures key operational approval for drone package deliveries
The latest FAA approval for Zipline could mean a huge step forward in drone delivery.
Modern Shipper
Roadie launches same-day delivery from local warehouses
Last-mile delivery
Oracle, Uber team up to offer last-mile deliveries
Logistics/Supply Chains
Ryder survey finds faster online delivery back in modest vogue
Logistics/Supply Chains
Flexport founder says ousted CEO lost customer focus, spending discipline
Bankruptcies and Layoffs
Legal issues
Former drivers for Ameritrans Express owed millions of dollars in unpaid wages
Lisa Celli was excited to start her first day on Jan. 5 as a contractor delivering mail for the U.S. Postal Service in the small unincorporated town in California where she and her husband live. However, less than 24 hours after finishing her first route for Ameritrans Express, she received an alarming email stating the contract delivery company was taking “drastic action.”
Layoffs and Bankruptcies
GXO Logistics laying off 92 workers at Texas distribution center
AskWaves
Maritime
How much money do shipping CEOs make? Here’s their 2022 pay info
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Chart of the Week
Chart of the Week
The truckload capacity bubble is bursting
FreightWaves latest SONAR data addition suggests a wave of truckload capacity exits is coming this winter.
Startups
Net-Zero Carbon Summit
Einride threads the needle of truck electrification, scheduled charging
Swedish startup Einride reduces the carbon footprint of its trucking customers by matching electric trucks with available chargers.
Electric Trucks
Nikola asks customers to return electric trucks at risk of fires
Global Supply Chain
Flexport board fired CEO Clark, sources say
Startups
Flexport CEO Dave Clark steps down
Technology
Net-Zero Carbon Summit
Prologis looks to lead on commercial EV charging infrastructure
“One of the key requests that we hear from our customers is an ability to reduce charging times, and that requires both improvement of vehicle technology as well as charging technology,” Prologis’ Henrik Holland said at FreightWaves’ Net-Zero Carbon Summit.
Net-Zero Carbon Summit
Einride threads the needle of truck electrification, scheduled charging
Net-Zero Carbon Summit
ACT Research bullish on adoption of alternative zero-emission trucks
Net-Zero Carbon
Net-Zero Carbon Summit
Tech advocate: Careful planning key to avoiding electric truck pitfalls
Net-Zero Carbon Summit
