Dearest MODESians, Well, this is it. Today is my last day at FreightWaves and my final edition of MODES … for a little while. I’m starting a new job outside of journalism in February and won’t be able to continue the MODES newsletter there. (At least for the time being.) MODES has published on Tiny…
To view more FreightWaves infographics, click here The post Daily Infographic: European cargo airline Cargolux launches aerial firefighting unit appeared first on FreightWaves.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge. Continental AG announces $90M manufacturing…
Chart of the Week: Inbound Ocean TEUs Index, Outbound Tender Volume Index – USA SONAR: IOTI.USA, OTVI.USA Import demand based on bookings of twenty-foot equivalent units heading into the U.S. (IOTI) remains down compared to two years ago, but only slightly. Truckload tender volumes (OTVI) are down roughly 25% compared to the same period in 2022. These…
Sweden’s Volvo Group reported a 10% increase in fourth-quarter sales and mostly positive financial metrics for Q4 and 2023. But the truck, bus and construction equipment maker suggested softening sales this year as pent-up pandemic demand has largely been met. Volvo posted net income of $1.16 billion, or 59 cents per diluted share, in the…