Top Stories
Less than Truckload (LTL)
First wave of Yellow terminals will go for $1.9B; sale process ongoing
A Delaware bankruptcy court filing shows several prominent less-than-truckload carriers hold $1.9 billion in winning bids for 130 of Yellow’s terminals.
Autonomous Freight
TuSimple lays off 150 more employees as it winds down US operations
Logistics
Landstar CEO Jim Gattoni to retire
Truck Driver Issues
Florida seeks help for truckers failing pre-trip inspections
SONAR High-Frequency Supply Chain Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | 0.01 | $3737.38 | $3711.21 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | 0.02 | 2.7% | 2.65% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | 0.02 | 1.32% | 1.29% |
Weekly NTI Update: September 26, 2022
FreightWaves Pricing Power Index
The most wonderful time
Tender volumes were outpacing 2022 levels before the holiday and came within spitting distance of 2020 — freight demand’s second-best year on record.
FreightWaves Pricing Power Index
The minor fall and the major lift
FreightWaves Pricing Power Index
Death by a thousand cuts
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
Air Cargo
Amerijet feels financial pinch as cargo business deteriorates
Cargo airline Amerijet is operating fewer aircraft to conserve money as shipping demand from major customers shrinks.
Chart of the Week
Atlanta becomes casualty of imports returning to West Coast
Less than Truckload (LTL)
Auction for Yellow’s terminals ‘remains ongoing’
Truck Driver Issues
Feds told to start rating ‘unrated’ trucking companies for safety
Technology
DAT has ‘zero tolerance’ for fraudsters
American Shipper
Air Cargo
UPS to quadruple size of Hong Kong airport express facility
UPS will invest an undisclosed amount of money to build an ultra-modern air package hub at Hong Kong International Airport.
Air Cargo
Maersk Air Cargo explores China-UK route
Modern Shipper
Drones
Zipline flies without ground observers: ‘Holy grail’ of drone approvals
The flight follows Zipline’s FAA approval to remove visual observers from its drone delivery operations, opening up longer routes and becoming accessible to more customers.
Air Cargo
DHL Express upsizes Hong Kong air hub
Electric Trucks
Workhorse reports Q3 loss, may sell drone business
Bankruptcies and Layoffs
Layoffs and Bankruptcies
Lion Electric lays off 150 employees
Canada-based electric trucking startup Lion Electric cuts 10% of head count to reduce costs as it seeks profitability.
Layoffs and Bankruptcies
The biggest freight brokerage layoffs and bankruptcies in 2023
Layoffs and Bankruptcies
Postal Service contractor to cut 450 jobs, close 2 facilities in California
AskWaves
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.
Chart of the Week
Chart of the Week
LMI showing transportation market flip is coming
The Logistics Managers’ Index has done a great job of explaining freight market capacity shifts over the past several years. The last few months are painting a picture of a market that is racing toward a correction.
Startups
Infrastructure
Fresh thinking about the electric grid holds possibilities
The electric grid holds more potential for electric truck charging than utilities currently allow. A big rethink is under way.
Electric Trucks
Ree Automotive: Business life during wartime
Autonomous Freight
Torc tackles beyond-the-truck autonomous issues
Technology
Autonomous Vehicles
Kodiak Robotics makes autonomous pickup for military
Working under a U.S. Army contract, Kodiak Robotics showed a prototype of its light-duty autonomous application in a Ford F-150 pickup.
Sponsored Insights
Echo Global Logistics is redefining partial truckload shipping
Sponsored Insights
Why shippers should work with smaller carriers in 2024
Net-Zero Carbon
Sponsored Insights
Renewable diesel creates pathway to cleaner transportation industry
The transportation sector is actively looking for ways to reduce greenhouse gas emissions. This has created increased demand for cleaner, more innovative fuel sources, like renewable diesel.
