Top Stories
Air Cargo
DHL relocates A300 freighters to Europe for better sustainment
DHL is moving its A300 fleet from Asia because the region doesn’t have sufficient aerospace support services for the aircraft.
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
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.
Parcel Freight
The parcel Santa surcharge wars
Autonomous Vehicles
Q&A with Stack AV autonomous trucking founder Bryan Salesky
American Shipper
Maritime
Trouble ahead: Container shipping rates sinking further into the red
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
Company Earnings
FedEx cost cuts outrunning revenue weakness, for now
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
Technology
Ecosystems: The importance of alliances in supply chain technology
As many organizations still have functional silos, it is becoming paramount to the success of broader supply chain technologies that those functions collaborate across the organizations.
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 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
