To view more FreightWaves infographics, click here
The post Daily Infographic: US gasoline prices are down from 2022 heading into Memorial Day weekendDaily Infographic: appeared first on FreightWaves.
The post Daily Infographic: US gasoline prices are down from 2022 heading into Memorial Day weekendDaily Infographic: appeared first on FreightWaves.
Chart of the Week: Inbound Ocean TEUs Index, Outbound Tender Volume Index – USA SONAR: IOTI.USA, OTVI.USA Import demand based on bookings of twenty-foot equivalent units heading into the U.S. (IOTI) remains down compared to two years ago, but only slightly. Truckload tender volumes (OTVI) are down roughly 25% compared to the same period in 2022. These…
With the 2024 Small Fleet & Owner-Operator Summit revving up next week, here are four things to check out during this year’s virtual trucking program. 1. Where to watch FreightWavesTV will livestream the event starting at 9 a.m. EDT on Wednesday, April 24. It will also be streamed to FreightWaves social media accounts on YouTube,…
Ryder has opened a 1 million-square-foot distribution center for printer and imaging technology manufacturer Lexmark International in Jeffersonville, Indiana. The facility streamlines Lexmark’s cross-border supply chain, while also speeding up shipping times and adding cost savings to deliveries, according to a news release. “Lexmark’s business is time critical, so equipment handling and transit time is…
Jennifer Rumsey, who became CEO of engine maker and technology provider Cummins Inc. a year ago, also will chair the company following the retirement of her mentor and vocal fan, Tom Linebarger. The mutual admiration between the two played out again Wednesday with the announcement that Rumsey would succeed Linebarger Aug. 1 as chair of…
Canadian transportation and logistics provider Titanium Transportation Group announced Monday it has acquired Georgia-based truckload carrier Crane Transport for $53 million in cash and debt. Titanium also acquired the carrier’s real estate for an additional $6 million. Crane Transport operates a fleet of 200 trucks out of two 11-acre terminals in Georgia and Alabama, generating…
Jobs in the truck transportation sector mostly treaded water in February while warehouse jobs continued their long slide, according to the monthly report from the Bureau of Labor Statistics. In the truck transportation sector, the loss of 300 jobs was the smallest one-month change up or down since August 2022, when an increase of 300…