Chart of the Week: Outbound Tender Volume Index – USA SONAR: OTVI.USA After what has felt like a relentless barrage of bad news, an unseasonable upward trend in truckload tender volumes is giving domestic transportation providers the potential inflection point they have desperately been waiting for. The national Outbound Tender Volume Index (OTVI) — a measure of the…
The bad news for France’s CMA CGM, the world’s third-largest ocean carrier: Profits continue to slide. The good news: The company is still raking in over a billion a quarter, net profits and revenue per container are still well above pre-COVID levels, and it still has a huge cash cushion courtesy of its boomtime windfall….
The work stoppage by members of the International Longshore and Warehouse Union at Canadian West Coast ports may have cost Canadian Pacific Kansas City $80 million in lost revenue, executives said during the railway’s second-quarter earnings call. CPKC will “work hard to claw back” that lost revenue over the remainder of the third quarter and…
Jeremy Reymer, CEO and founder of DriverReach, is joined on this episode of Taking The Hire Road by one of his best friends in the industry, Leah Shaver, president and CEO of the National Transportation Institute. NTI is known as the trucking industry’s principal authority on driver pay data and trends. NTI works to provide…
Cargo revenue at All Nippon Airways was significantly worse than its peer group during the calendar second quarter, with the Japanese combination carrier on Friday reporting a 60% decline in sales for goods transport on its passenger and dedicated cargo jets. International Airlines Group (IAG), the parent company of British Airways and four other carriers,…