Top Stories
Trucking
Cause of Estes Express technology failure unclear
There’s been a major technology failure at Estes Express, but it’s unclear whether it is a cyberattack.
OEM Trucking
Mack Trucks settles with UAW on longer agreement
Mexico Borderlands
Borderlands: Arizona border officials want Mexico trade lanes reopened
Chart of the Week
Fuel price jump boosts rates but threatens trucking capacity
Parcel Freight
UPS offers rebates to win back diverted volumes
SONAR High-Frequency Supply Chain Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | 0.01 | $3610.92 | $3561.08 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | 0.08 | 0.13% | 0.12% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | 0 | 0% | 0% |
Weekly NTI Update: September 26, 2022
FreightWaves Pricing Power Index
Under pressure
By next week, it is likely that actual freight flow will have finally risen on a yearly basis for the first time since May 2022.
FreightWaves Pricing Power Index
Playing the waiting game
FreightWaves Pricing Power Index
Reading the tea leaves
FreightWaves Pricing Power Index
Markets clock out on Labor Day
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
Layoffs confirmed in BNSF Logistics brokerage unit’s sale to J.B. Hunt
The sale of BNSF Logistics’ brokerage unit to J.B. Hunt will likely involve layoffs of an unspecified number of employees, parent company BNSF confirmed Friday.
Less than Truckload (LTL)
Forward Air’s bid for Omni temporarily blocked by court
American Shipper
Air Cargo
FedEx air fleet flies more in August
August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.
FreightWaves Classics
Maritime History Notes: Ships of concrete
Modern Shipper
Air Cargo
FedEx air fleet flies more in August
August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.
Bankruptcies and Layoffs
Layoffs and Bankruptcies
Flexe conducts 2nd round of layoffs in 14 months
Seattle-based logistics provider Flexe has laid off a third of its workforce.
Layoffs and Bankruptcies
85-year-old Indiana trucking company files for Chapter 11
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
Top Stories
Hyzon Motors agrees to $25M SEC fine to settle fraud case
Hyzon Motors agreed to pay a $25 million fine to settle a Securities and Exchange Commission fraud case.
Autonomous Vehicles
Q&A with Stack AV autonomous trucking founder Bryan Salesky
Net-Zero Carbon Summit
Einride threads the needle of truck electrification, scheduled charging
Technology
Carrier Cyber Security
6 things you’ll learn at NMFTA’s Digital Solutions Conference on Cybersecurity
The NMFTA’s Digital Solutions Conference on Cybersecurity attendees will hear from professionals on the leading edge of the cybersecurity industry, ranging from industry practitioners to representatives from government entities and thought leaders in academia.
Net-Zero Carbon
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
Hydrogen fuel makes sense for air cargo, developer says
Net-Zero Carbon Summit
