An unusually broad-based downturn in goods flows that has affected even the most resilient of customer segments — consumer packaged goods and food and beverage — has freight brokers scrambling to differentiate themselves and compete for less available freight. Tyson Foods’ stock plunged by more than 16% after it announced that it lost money in…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. In this edition, from the December 1975 issue of American Shipper, FreightWaves shares the exciting…
As the freight market searches for a bottom, management from Radiant Logistics expressed optimism around future prospects Wednesday, noting the company has never been in better financial shape. Radiant (NYSE: RLGT) reported adjusted earnings per share of 17 cents for its 2023 fiscal third quarter ended March 31. The result was 15 cents lower year…
FreightWaves has written extensively in recent weeks and months about the weakness in U.S. box demand, an indication of the poor state of the goods economy as Americans are increasingly cash-strapped even amid ongoing debt forbearance. The three largest North American containerboard/box producers reported box demand declines ranging from 8%-13% in Q1, and demand has…
WASHINGTON — At a Capitol Hill hearing on regulations that keep the trucking industry from efficiently moving the nation’s freight, owner-operator representatives testified that the biggest impediment may be a speed limiter regulation yet to be rolled out. “All kinds of studies show that when all traffic flows at the same speed, it’s much safer…