The start of 2024 is bringing with it significant growth in volumes at top U.S. ports. January witnessed a 9.2% year-over-year increase in inbound containers. This rise represents the latest reading in four consecutive months of growth, a beacon of positive momentum after a challenging period dominated by the post-pandemic downturn. “We are now completely…
The word that Craig Fuller used to describe the freight market in February: “abysmal.” That was one of the initial observations in FreightWaves’ February State of Freight webinar. But could it be that the month marked a low point in the long freight recession? Here are five takeaways from Wednesday’s webinar. Another tough month in…
Owners and operators of over 200 Chinese-made container cranes at U.S. ports will be subject to new cyber-risk management requirements aimed at reducing China’s ability to spy on America’s domestic supply chains. The U.S. Coast Guard on Wednesday announced that owners or operators of Chinese manufactured ship-to-shore (STS) container gantry cranes may now obtain copies…
A bout of harsh winter weather temporarily pushed truckload metrics higher in January, but fundamentals have receded back to trough levels, carriers said at a pair of investor conferences this week. J.B. Hunt Transport Services (NASDAQ: JBHT) said its intermodal volumes have not been as strong as the increases reported at the ports of Los…
Norfolk Southern Corp. on Wednesday defended the composition of its board of directors and did not address the fate of CEO Alan Shaw, who is the subject of an activist group’s efforts to remove him and replace him with Jim Barber, a former top UPS Inc. executive. In a lengthy letter to shareholders, the Atlanta-based…