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First look: CSX profit falls in Q4
CSX Corp. today reported fourth-quarter 2024 operating income of $1.11 billion that fell compared to $1.32 billion in the prior year period. Revenue totaled $3.54 billion for the quarter, off 4% year over year as declines in fuel surcharge and coal revenue offset higher pricing, merchandise volume and volume growth in intermodal. Net income was […]
SONAR High Frequency Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| NTI.USANational Truckload Index | 0 | $2.44 | $2.45 |
| NTIL.USANTI (Linehaul Only) | -0.01 | $1.88 | $1.89 |
| NTIDL.USANTI (Linehaul Daily) | 0 | $1.84 | $1.84 |
| OTRI.USAOutbound Tender Rejection Index | -0.07 | 7.21 | 7.74 |
| OTVI.USAOutbound Tender Volume Index | -0.01 | 10293.31 | 10358.73 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | 0 | $4063.06 | $4077.09 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | -0.13 | 1.08% | 1.24% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | 0 | 0% | 0% |
Latest News
The Stockout
Seasonal norms blunt recent improvements in freight markets
As truckload capacity exits, weak volume keeps rates in check.
The Stockout
Numerous issues on shippers’ radar to start year
The Stockout
Mexican decree ends ‘border-skipping’ strategy
State of Freight Webinar
State of Freight for December: Freight economy due for ‘directional’ change
During the State of Freight webinar for December, Craig Fuller and Zach Strickland discuss how a market shift could impact carriers, brokers and shippers in 2025.
State of Freight live: A bullish post-election trucking market assessment
At an in-person State of Freight, FreightWaves CEO Craig Fuller and SONAR Director of Freight Market Intelligence Zach Strickland talked about why they think the freight market has turned.
Election to strongly impact freight economy
Supply chains will see direct effects regardless of the outcome of the presidential race. But what specific impacts on the freight industry are likely under a Harris versus a Trump administration?
Chart of the Week
Chart of the Week
Winter weather has been more disruptive to transportation than hurricanes
Hurricanes garner most of the attention, given their threat to life and property, but from an operational point of view, transportation managers and providers should probably increase their focus on winter weather.
Chart of the Week
Truckload’s shrinking length of haul
Chart of the Week
Why are shippers increasing lead times?
Chart of the Week
Will the maritime momentum continue in 2025?
Editor's Picks
News
Electric vehicle startup Canoo files for bankruptcy, ceases operations
Seven-year-old electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and announced an immediate halt to operations weeks after it furloughed its remaining workers and idled its Oklahoma factory.
American Shipper
Sola to head Federal Maritime Commission
Economics
Trump prepares opening moves on trade
Less than Truckload (LTL)
Yellow settles 2 classes of WARN claims
American Shipper
Asia-US container rates decline in slack season
FreightWaves Pricing Power Index
Truckload market tries to squash seasonal depression
American Shipper
Air Cargo
Israel’s Challenge Group prepares to fly all-new 777 converted freighter
Challenge Group is beefing up its order for 777-300 converted freighters. It is an early adopter of the aftermarket freighter and will likely be the first operator in Europe.
Global Supply Chain
Trump vows to ‘take back’ Panama Canal, increase tariffs
Trade and Compliance
White House moves to exclude Chinese e-commerce from duty-free import
Modern Shipper
Railroad
FRA approves first autonomous railcar test program
An autonomous railcar pilot program involving Parallel Systems’ self-propelled, battery-electric container cars will be conducted on two Genesee & Wyoming short lines in Georgia.
Weather and Critical Events
Transportation companies mobilize to support LA Fire relief efforts
Bankruptcies and Layoffs
Layoffs and Bankruptcies
94-year-old Iowa-based trucking company closes terminal in Montana
Decker Truck Line Inc. of Fort Dodge, Iowa, has permanently closed its terminal in Missoula, Montana, citing findings from a review of its operations and freight network as the main reason for the closure.
Layoffs and Bankruptcies
St. Louis trucking company, affiliate file for Chapter 11 bankruptcy
Layoffs and Bankruptcies
Bankruptcies, closures and fraud: Key trucking stories in 2024
AskWaves
Maritime
How safe is Red Sea? Different shipping lines have different answers
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Technology
Net-Zero Carbon
Sustainability
Alpha Augmented Services secures $2M to optimize international shipping
Swiss logistics startup Alpha Augmented Services recently snared $2 million in investment aimed at expanding its global reach.
