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The post Daily Infographic: Teamsters, Anheuser-Busch reach new 5-year contract appeared first on FreightWaves.
Retail diesel prices measured by the Department of Energy/Energy Information Administration average retail price now have moved higher for three consecutive weeks, but it doesn’t appear to be on the back of higher consumption. The weekly DOE/EIA diesel price, used as the basis for most fuel surcharges, climbed 4.4 cents a gallon Monday to $3.813….
Radiant Logistics announced it was awarded a five-year contract to provide disaster-relief logistics for the U.S. Agency for International Development (USAID). Under the deal, Renton, Washington-based Radiant’s (NYSE: RLGT) global logistics arm will coordinate the movement of personnel and emergency relief equipment for USAID’s Bureau of Humanitarian Assistance. Radiant has acted as a prime contractor…
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…
A former executive at Polar Air Cargo was sentenced in federal court on Tuesday to 18 months in prison for his role in a scheme to defraud the company of $33 million dollars over more than a decade. Robert Schirmer, who was senior director of customer service for the Americas at Polar, pleaded guilty last…
Forward Air said it remains focused on the integration of Omni Logistics and the revenue synergies it can achieve as it is now operating a platform that includes freight forwarding and contract logistics along with its legacy expedited less-than-truckload and intermodal offerings. The Greeneville, Tennessee-based company closed on the merger with Omni in January following…
A Nashville, Tennessee-based freight brokerage ceased operations Tuesday, laying off around 130 employees after its parent company pulled the plug on operations without warning, according to sources familiar with the layoffs. A manager for Universal Capacity Solutions (UCS) told FreightWaves on Thursday that a skeleton crew is staying on to help with the wind down…