U.S. corporate bankruptcies thus far in 2023 are their highest since 2010, according to a new report from S&P Global Market Intelligence. S&P 500 earnings were down year over year in Q1 and are expected to continue falling in Q2. Financial conditions are tightening, in the form of higher interest rates and more stringent lending…
Welcome to the WHAT THE TRUCK?!? Newsletter. In this issue, what new truck orders say about the market; Optimus returns; Tesla supply chain exec jumps to Rivian; and more. If we’re in a freight recession, why do new truck orders keep going up? U.S. Bureau of Economic Analysis A tell-tale heart — Ryan Detrick, chief…
May import numbers are in and yet again, the trend is closely aligned with pre-COVID levels in 2018-2019. But there are two big differences between now and then. Port labor disruptions are now impacting Asian cargo flows to the West Coast and low water levels in the Panama Canal are affecting Asian cargo flows to…
A court in Canada has held Canadian Pacific in contempt for not following a federal provision governing the hours that train crews work. The decision, rendered Tuesday by Judge Ann Marie McDonald, found that CP — now CPKC (NYSE: CP) — didn’t sufficiently limit the number of hours that train crew members can work in…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. In this edition from the February 1975 issue of American Shipper, FreightWaves shares an article that tells the story of a potential disastrous incident. A fast cleanup response opened the port where it took place in an impressive…