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The post Daily Infographic: US diesel prices have fallen below prices from before Russia’s invasion of Ukraine appeared first on FreightWaves.
The post Daily Infographic: US diesel prices have fallen below prices from before Russia’s invasion of Ukraine appeared first on FreightWaves.
The National Motor Freight Traffic Association (NMFTA) is a nonprofit trade group that publishes the National Motor Freight Classification (NMFC). The NMFC is essentially a coding system that universally identifies differences in commodities for freight shipments being transported interstate, intrastate and abroad. Freight classes and codes are determined by “density, handling, stow-ability and liability,” establishing…
FreightWaves’ State of Freight webinar for March offered a bit of optimism that the freight market could improve at some point later this year. Craig Fuller, FreightWaves CEO and founder, and Zach Strickland, director of freight market intelligence, said while they don’t see any clear signs of a significant boost in the overall freight industry,…
Rail is often characterized as one of the more “old school” transportation options, but recent developments in the space have challenged that narrative. Railroad giant CSX, for example, is dedicated to investing both financial and human capital into a myriad of emerging technologies. “Over the past year, we continued a multi-year modernization plan for our…
The March 26 collapse of the Francis Scott Key Bridge in Baltimore has significantly disrupted U.S. East Coast supply chains. However, ocean freight container shipping rates have remained relatively stable, according to Xeneta, an ocean freight rate benchmarking and intelligence platform. Xeneta’s data reveals that average spot rates from the Far East to the East…
A letter obtained by FreightWaves shows less-than-truckload carrier Yellow Corp. is seeking to defer health and welfare as well as pension contribution payments for the next two months. A Friday letter penned by Yellow Chief Financial Officer Dan Olivier is asking for a deferral for plan contributions for the months of July and August. The…
A going concern bid for the remaining assets of bankrupt Yellow Corp. appears to be back on the table. A ballot sent to local union heads asks members to agree to settle their WARN Act claims against Yellow with the acquiring company, Next Century Inc. The plan would swap the claims for equity in the…