Top Stories
Trucking
Renewed migrant surge forces closure of Texas border bridge
Federal officials have closed a border bridge in Eagle Pass, Texas, to handle a surge of migrants arriving in the area.
Trucking Equipment
Is the worst over for falling used truck prices?
Logistics/Supply Chains
Holiday inventories remain balanced as shoppers show strength, NRF says
Layoffs and Bankruptcies
Lion Electric lays off 150 employees
SONAR High-Frequency Supply Chain Data
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| NTI.USANational Truckload Index | 0 | $2.29 | $2.28 |
| NTIL.USANTI (Linehaul Only) | 0.01 | $1.63 | $1.62 |
| NTIDL.USANTI (Linehaul Daily) | 0.04 | $1.74 | $1.68 |
| OTRI.USAOutbound Tender Rejection Index | -0.01 | 3.73 | 3.78 |
| OTVI.USAOutbound Tender Volume Index | -0.01 | 9120.41 | 9166.52 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| MQFWSCTP.USASupply Chain Tech Index | 0 | $3699.47 | $3693.6 |
| Market | Percent Change | *Today’s Value | Last value |
|---|---|---|---|
| IMOTRI.LAXIntermodal Outbound LA Tender Rejection Rate | 0.56 | 1.26% | 0.81% |
| IMOTRI.CHIIntermodal Outbound CHI Tender Rejection Rate | 0 | 0.55% | 0% |
Weekly NTI Update: September 26, 2022
FreightWaves Pricing Power Index
The minor fall and the major lift
This week, freight markets underwent a surprising rally that saw a wave of volumes sweep across the country.
FreightWaves Pricing Power Index
Death by a thousand cuts
FreightWaves Pricing Power Index
Pumping the brakes
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
Parcel Freight
Thinking inside the box
Can package sizing be improved? It’s been a long, slow process.
Logistics/Supply Chains
Biden administration announces massive logistics plan
Layoffs and Bankruptcies
The biggest freight brokerage layoffs and bankruptcies in 2023
Electric Trucks
Ree Automotive: Business life during wartime
American Shipper
Air Cargo
Atlas Air to buy 2 new Boeing 777 freighters
Atlas Air Worldwide on Tuesday announced the order of two 777 freighters from Boeing in response to strong demand for international e-commerce shipping, one of the few areas of strength […]
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
Postal Service contractor to cut 450 jobs, close 2 facilities in California
Amid an ongoing financial dispute with the U.S. Postal Service, Matheson Flight Extenders plans to lay off more than 450 employees by Dec. 15 and close its mail sorting facilities in California.
Logistics/Supply Chains
GXO to shutter Ohio facility in January
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
Autonomous Freight
Torc tackles beyond-the-truck autonomous issues
Torc Robotics has the autonomous truck nearly ready. Now comes the hard work of making a business from it.
Visibility Tech
FourKites reshuffles leadership team
Technology
Technology
Electric fleets made possible through innovative infrastructure partnerships
Many fleet owners have become laser focused on moving away from diesel fuel, which accounts for the majority of greenhouse gas emissions in the sector. Heavy-duty electric trucks are poised to be one of the primary solutions to this issue.
Truck Driver Issues
Canadian province gives Drivewyze rare new market for bypass tech
Net-Zero Carbon
Railroad
Sierra Club still sees rail as ‘a climate solution’
Rail electrification and locomotives powered by green hydrogen are two goals that the rail industry and federal and state leaders should adopt, according to the Sierra Club’s revised statement on how to encourage clean transportation for the railroads.
Net-Zero Carbon Summit
Prologis looks to lead on commercial EV charging infrastructure
Net-Zero Carbon Summit