Less leasing demand for freighter aircraft significantly contributed to a 12% reduction in adjusted core operating profit at Air Transport Services Group during 2023, including a 20% decline in the fourth quarter, and to management’s decision to further slash the budget for investment in new equipment. Lower revenue and higher costs for ATSG’s transportation segment,…
Insurance is one of the top expenses for a carrier, behind fuel and maintenance. Premiums for each carrier vary wildly based on a number of factors, such as years of experience, average cost of goods hauled, driving record, etc. One of the factors carriers can’t control is insurance rates that are based on the state…
Federal regulators are considering an ELD exemption for a truck driver who claims his money would be better spent on other safety issues. Arbert Ibraimi, a Chicago-area owner-operator, is requesting that the Federal Motor Carrier Safety Administration relieve him of the ELD requirement until Oct. 9 because buying an ELD “is virtually only practical for…
Cargo flow was up at ports in Houston and New Orleans, but freight movements slowed slightly in Corpus Christi, Texas, due to lower exports of oil and petroleum in January. Port Houston container shipments up 4% in January Container movements started off the year on high note at Port Houston, with the port handling 332,961…
The FreightWaves SONAR team has announced a new iteration to its Lane Scores feature to ensure it provides the most reliable data source for the supply chain world. FreightWaves SONAR is the leader in freight market intelligence, and Lane Scores are a critical indicator of market trends when comparing corridors, helping users identify areas of…