Top Stories
Railroad
Ohio senators seek public health emergency declaration for East Palestine
Declaring East Palestine, the town impacted by a Norfolk Southern train derailment, as the site of a public health emergency would allow area residents to have long-term access to Medicare, Ohio’s senators said in a letter to the EPA.
Truckload Carriers
For-hire trucking sees ‘green shoot’ in August
Layoffs and Bankruptcies
Flexe conducts 2nd round of layoffs in 14 months
Legal issues
FTC, 17 states file antitrust suit against Amazon
Trucking Regulation
OOIDA calls long delay in truck broker rate transparency rule ‘BS’
SONAR High-Frequency Supply Chain Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| NTI.USANational Truckload Index | 0 | $2.26 | $2.27 |
| NTIL.USANTI (Linehaul Only) | -0.01 | $1.55 | $1.56 |
| NTIDL.USANTI (Linehaul Daily) | -0.04 | $1.53 | $1.6 |
| OTRI.USAOutbound Tender Rejection Index | -0.02 | 3.81 | 3.89 |
| OTVI.USAOutbound Tender Volume Index | 0.01 | 11703.29 | 11564.96 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | 0 | $3611.88 | $3615.46 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | -1 | 0% | 0.23% |
| 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
Maritime
Container shipping has a Europe problem and it’s getting worse
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
Parcel Freight
UPS plans to hire 100K seasonal workers for peak
American Shipper
Air Canada cancels Boeing order for 777 freighters
American Shipper
Air Cargo
WestJet adds new cargo route to Havana
WestJet Cargo and Lufthansa Cargo are connecting new cities to their narrowbody freighter networks.
Container Shipping
August volumes fall 28% from year-ago highs at Port of Savannah
Infographics
Weekly NTI Update: September 25, 2023
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
Layoffs and Bankruptcies
85-year-old Indiana trucking company files for Chapter 11
An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions.
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
Autonomous Vehicles
Q&A with Stack AV autonomous trucking founder Bryan Salesky
Stack AV founder Bryan Selesky is keeping most of the details of his autonomous trucking startup to himself for now.
Net-Zero Carbon Summit
Einride threads the needle of truck electrification, scheduled charging
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
Technology
Parcel Freight
FedEx leverages AI to improve trailer-loading process
FedEx partners with an AI-powered robotics firm to load FedEx Ground trailers.
Net-Zero Carbon Summit
Prologis looks to lead on commercial EV charging infrastructure
Net-Zero Carbon Summit
Einride threads the needle of truck electrification, scheduled charging
Net-Zero Carbon
Net-Zero Carbon Summit
Tech advocate: Careful planning key to avoiding electric truck pitfalls
Net-Zero Carbon Summit
