Supply Chain, Logistics, and Trucking News & Data - FreightWaves
WEBCummins gets $75 million for zero-emissions manufacturing after record fine. FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.
#1 Logistics, Freight and Transportation News - FreightWaves
WEBFormer Missouri mayor gets prison time for stealing $300K from drivers. Corey Louis Hendrickson, 46, a former mayor of Willard, Missouri, and fleet dispatcher for Prime Inc., was sentenced to three years in federal prison for a scheme in which he used the names and Social Security numbers of drivers to steal money.
Leading Trucking News - Award Winning - FreightWaves
WEBCanada rail lockout ‘horrific’ for supply chain, carrier trade group head says. Trucking industry and logistics leaders said the lockout by Canada’s two largest railroads Thursday could create capacity crunches and rate spikes across the freight industry. Read More ». Thomas Wasson Thursday, August 22, 2024.
Uber Freight rolls out LTL offering, leverages BlueGrace network
WEBJul 15, 2021 · Uber Freight leverages the BlueGrace carrier network to offer LTL booking solutions. (Photo: Uber Freight) Uber Freight announced Thursday it has expanded into less-than-truckload freight. “Our vision is to become a one-stop shop for freight,” Michael Bailey, product manager for Uber Freight (NYSE:UBER), told FreightWaves.
Container shipping’s 2022 outlook: The bulls, bears and wild cards
WEBJan 3, 2022 · According to Chu, 2021 was the best year for container shipping on record “but we think that 2022 will be materially better.”. Deutsche Bank predicts the two carriers’ average freight rates will be up 30% this year versus 2021. It forecasts that Maersk’s 2022 EBITDA will be $34.6 billion, up 43% from 2021, and that Hapag-Lloyd’s 2022 ...
Done deal: TFI completes UPS Freight acquisition
WEBApr 30, 2021 · TFI International has completed its $800 million acquisition of UPS Freight (), the Canadian trucking and logistics firm said Friday as it ushered in a new era as one of the largest less-than-truckload carriers in North America.It came three months after TFI and UPS announced the deal in January. It allows UPS to jettison the largely unprofitable LTL and dedicated truckload operation while ...
Worldwide Express, GlobalTranz to merge - FreightWaves
WEBJun 11, 2021 · Third-party logistics providers Worldwide Express LLC and GlobalTranz Enterprises LLC said Friday that they have merged in a multibillion-dollar deal arranged by a consortium led by CVC Capital Partners, which is providing most of the equity to consummate it. The merger, expected to close sometime in …
The inside story on how GlobalTranz and WorldWide Express …
WEBDec 16, 2021 · NEW YORK — At a daylong conference earlier this month focused on the explosion of private equity interest and money in the logistics sector, attendees heard from a CEO behind one of the biggest deals of 2021: the merger that brought together 3PLs GlobalTranz and Worldwide Express. Bob Farrell of GlobalTranz told a conference sponsored by the ...
Freight brokers: How does your pay measure up? - FreightWaves
WEBJun 8, 2022 · The survey found that the median entry-level base salary is $48,000. While many regions trended close to the median, there were notable exceptions. Two of these are the Mountain and East North Central regions, which posted the highest ($55,000) and lowest ($43,613) average entry-level base salaries in the U.S., respectively.
Qantas Freight makes progress on cargo pileup - FreightWaves
WEBOct 10, 2023 · Eric is the Supply Chain and Air Cargo Editor at FreightWaves. An award-winning business journalist with extensive experience covering the logistics sector, Eric spent nearly two years as the Washington, D.C., correspondent for Automotive News, where he focused on regulatory and policy issues surrounding autonomous vehicles, mobility, fuel economy and safety.