The increase posted Monday in the benchmark diesel price used for most fuel surcharges could be seen as historic. By one measure, it isn’t a big deal. The 9.9-cent increase in the Department of Energy/Energy Information Administration average weekly retail diesel price to $3.905 a gallon is only the 9th biggest since Russia invaded Ukraine…
FreightWaves has written extensively in recent months about how historically weak U.S. box demand has been, and nothing’s changed of late. In fact, demand continues to surprise to the downside, even though it’s been consistently worse than the largest North American containerboard and box producers expected in each of the past three quarters. Why does…
Last-mile logistics real estate operator Link Logistics said Monday fundamentals continued to stay strong across its portfolio during the second quarter. The company signed 418 leases in the period representing 13.3 million square feet of space. Its portfolio was 96.4% leased on a same-store comparison, which was 160 basis points lower year over year. However,…
Shipping lines finally seem to be making some headway in managing vessel capacity in the Asia-U.S. trades. Spot rates have been on the rise for three straight weeks, rebounding to levels last seen in early 2023 and late 2022, according to several index providers. U.S. import bookings remain above pre-COVID levels, and multiple analysts are…
A Nikola battery-electric truck severely damaged in a fire at the company’s Phoenix headquarters last month reignited, raising questions about the safety of battery packs in Nikola trucks delivered to customers. The fire on Sunday afternoon resulted in no injuries. Nikola said it is still investigating the original fire with a third-party contractor. The outcome…