Supply Chain, Logistics, and Trucking News & Data - FreightWaves
WEBElection will revamp loophole that allows lower-value imports to avoid scrutiny. 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
WEB3 days ago — Marten, citing weak freight market, cuts base salaries of 6 top executives. Marten Transport cited the weak freight market in reducing the salaries of six top executives. The executives’ 2023 salaries ranged from $267,000 to about $811,000.
Knight-Swift builds out LTL network with $150M acquisition of MME
WEBDec 6, 2021 — Knight-Swift Transportation announced Monday further expansion into the less-than-truckload market.The carrier acquired RAC MME Holdings, parent of LTL carrier Midwest Motor Express and truckload carrier Midnite Express, for $150 million in cash.. Bismarck, North Dakota -based Midwest Motor Express was founded in 1918 and operates 33 terminals (800 doors) throughout the Upper Midwest and ...
Fruehauf returns to US, manufacturing trailers in Kentucky
WEBJun 7, 2022 — Fruehauf North America recently held a grand opening for the company’s $15 million plant in Bowling Green, Kentucky, signifying the iconic semi-trailer manufacturer’s return to production in the United States. The 125,000-square-foot facility will house dry van manufacturing and assembly operations, with a goal of building 5,000 trailers ...
By the numbers: Shipping’s unparalleled year in 10 charts
WEBDec 23, 2021 — Capital Link’s container shipping index outperformed the pack, up 242% year to date as of Tuesday. Chart: American Shipper based on index data from Capital Link. The Capital Link Maritime Index, which covers stocks of all vessel segments, was up 138%, while the dry bulk index was up 97%. Tankers and gas carrier stocks lagged.
New fleet to advance YRC turnaround - FreightWaves
WEBNov 18, 2020 — The ability to self-fund equipment purchases through the first $400 million and beyond is expected to drive significant expense reduction. YRC plans to take delivery of 300 new tractors and 950 new trailers before year-end. The remainder of the second tranche is expected to be exhausted in 2021 as the company takes weekly delivery of …
Leading Trucking News - Award Winning - FreightWaves
WEB4 days ago — Appeal of Werner nuclear verdict will be heard by Texas Supreme Court. The Texas Supreme Court will hear an appeal by Werner Enterprises in a long-running, $100 million nuclear verdict case. ... FreightWaves provides award …
Crude shipping revs up; supertanker rates top $100,000 a day
WEBMar 10, 2023 — LinkedIn. Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached the $100,000-per-day threshold. It could be a taste of things to come. Analysts and investors are increasingly confident that the tanker business is headed into a long, sustained upcycle. “VLCC rates have surged at the ...
S.F. Express merger with Kerry Logistics creates ... - FreightWaves
WEBFeb 12, 2021 — S.F. Holdings, the largest courier, expedited shipping and e-commerce operator in China — and the primary delivery provider for online shopping giants Alibaba Group and JD.com — on Wednesday announced plans to acquire a 51.5% stake in Hong Kong-based Kerry Logistics for HK$17.5 billion ($2.3 billion).
Business Freight and Transport Insights - FreightWaves
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