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The post Daily Infographic: Rates are only the tip of the iceberg appeared first on FreightWaves.
The post Daily Infographic: Rates are only the tip of the iceberg appeared first on FreightWaves.
On Monday, Seattle-based freight forwarder Expeditors International (NYSE: EXPD) released another lackluster quarterly earnings report, this time for the fourth quarter of 2023. Compared to Q4 2022, top-line revenue was down 34%, to $2.3 billion, operating income was down 40%, to $199 million, and net earnings were slashed by 28% to $159 million. Similar large…
Fragmentation has traditionally harmed the freight industry, from almost every player’s point of view. Shippers’ diverse distribution networks and consumers spread around the world make it difficult to define a single set of shipping practices. The abundance of carriers, often with fewer 10 trucks, each run custom lanes dependent on their drivers’ needs and market…
Less-than-truckload carrier Old Dominion Freight Line said Monday that there was no seasonal demand uptick in May, reporting volume metrics that were a little worse than those reported in April when factoring in the prior-year comparisons. Old Dominion (NASDAQ: ODFL) reported tonnage was down 14.4% year over year (y/y) in May, which followed a previously…
ORLANDO, Fla. — Employment numbers in the supply chain post-pandemic are revealing a tremendous amount of turnover and lack of employee engagement, according to the keynote speaker at this year’s Gartner Supply Chain Symposium. Caroline Chumakov, a director and analyst at Gartner, spoke to a packed opening session Monday of a meeting with attendance soaring…
Near the turn of the last decade, Amazon.com Inc. planned seriously to extend its delivery services to businesses outside its retail sphere. Then the pandemic hit, and those plans, which could have levied a big hit on FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS) by going right into their wheelhouse of business, were…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to FreightWaves’ Rachel Premack about the drama over at Yellow. The carrier has told the Teamsters it will be out of money by August, but the union says it’s not going to bail the company out again. We’ll find out if Yellow can survive and…