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On March 31, 2022, FreightWaves declared that a freight recession was imminent. More than two years later, the freight market remains in one of its deepest and longest recessions in history. Our original conclusion was derived from signals from FreightWaves SONAR. Its high-frequency datasets, which track freight supply and demand in real time, indicated an…
This fireside chat recap is from FreightWaves’ Small Fleet and Owner-Operator Summit. FIRESIDE CHAT TOPIC: An update on the transportation and logistics M&A landscape. DETAILS: The transportation M&A market appears to have stabilized, said Spencer Tenney, president and CEO of M&A advisory firm the Tenney Group, at FreightWaves’ Small Fleet and Owner-Operator Summit. KEY QUOTES…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cargo insurance can boost cross-border operators’ business; Ryder System leases logistics center near Dallas–Fort Worth; Paccar Inc. announces $50M investment in Mexico truck factory; and thefts from cargo trains in Mexico rose in September. Cargo insurance…
U.S. corporate bankruptcies year to date are at their highest level since the immediate aftermath of the Great Recession in 2010; banks are tightening credit in the wake of the acute stress in the regional banking system; and small companies in particular are reporting difficulty obtaining credit. U.S. consumers are under acute pressure as well,…
On the heels of deals at other Class I railroads, Union Pacific has reached agreements with eight unions to provide workers up to seven paid sick days. The agreement goes into effect April 1. According to a prepared statement from UP (NYSE: UNP), the employees in the unions that agreed to the deal will receive…
By Loren A. Smith Jr. Editor’s note: The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. As the Senate Committee on Commerce takes the next steps on rail safety legislation, there is reason for optimism. Railroads move an astounding amount of freight…