The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics—is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary…
There are numerous ways of looking at the quarterly data from Canada’s BMO on the credit health of the trucking sector. None of them are positive. Canada’s BMO is a major lender to the trucking industry in North America. In the bank’s first-quarter 2024 earnings released Tuesday, BMO’s gross impaired loans and acceptances, where BMO…
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After a big upward move of 21 cents a gallon two weeks ago and a price that didn’t move last week, the weekly Department of Energy/Energy Information Administration average weekly retail diesel price moved down in its latest posting. The size of the 5.1-cents-a-gallon drop was somewhat surprising, given other indicators that suggested the decline…
Mass layoffs continue across the freight and logistics industry, with companies in California, Illinois and Michigan recently announcing job reductions and facility closures. DHL Supply Chain Third-party logistics provider DHL Supply Chain is laying off 161 workers in Joliet, Illinois, as a result of losing a customer, according to a filing with the state. Company…