Top Stories
Legal issues
TFI subsidiaries hit with EEOC lawsuit over gay workers
Two subsidiaries of trucking conglomerate TFI International have been sued by the EEOC over alleged discrimination against two gay employees who ultimately were fired.
American Shipper
Air Canada cancels Boeing order for 777 freighters
Layoffs and Bankruptcies
85-year-old Indiana trucking company files for Chapter 11
Truck Driver Issues
Werner subsidiary fires 4 truck drivers after union petition filing
Autonomous Freight
Governor vetoes autonomous trucking ban in California
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 | -0.35 | 0.2% | 0.31% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | 0 | 0% | 0% |
Weekly NTI Update: September 26, 2022
FreightWaves Pricing Power Index
Playing the waiting game
Consumer demand during the holiday season is expected to be relatively soft, which should temper expectations for a red-hot peak season in truckload markets.
FreightWaves Pricing Power Index
Reading the tea leaves
FreightWaves Pricing Power Index
Markets clock out on Labor Day
FreightWaves Pricing Power Index
Back despite popular demand
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
Parcel Freight
The parcel Santa surcharge wars
There may be a tussle to capture peak surcharge revenue on those shippers that pay the levies.
Autonomous Vehicles
Q&A with Stack AV autonomous trucking founder Bryan Salesky
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
Business
Paxafe partners with Carrier to improve Lynx offering
According to a recent study by SkyQuest Technology, every year more than $750 billion worth of losses occur worldwide due to poor cold chain logistics and facilities and improper handling procedures.
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
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.
Autonomous Freight
Waabi signs 10-year autonomous trucking pact with Uber Freight
Electric Trucks
Nikola asks customers to return electric trucks at risk of fires
Global Supply Chain
Flexport board fired CEO Clark, sources say
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
Autonomous Freight
Waabi signs 10-year autonomous trucking pact with Uber Freight
Net-Zero Carbon
Net-Zero Carbon Summit
Tech advocate: Careful planning key to avoiding electric truck pitfalls
Net-Zero Carbon Summit
