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The post Daily Infographic: 5 fun facts about truckers appeared first on FreightWaves.
The post Daily Infographic: 5 fun facts about truckers appeared first on FreightWaves.
The container market continued to show strength in March as the pull forward ahead of the Lunar New Year continues to pay dividends at the ports. According to the monthly report by Descartes, U.S. container import volumes in March climbed by 0.4% from February and over 15% from March 2023. The year-over-year gains can be…
Federal Reserve Chair Jerome Powell said Sunday his committee is unlikely to consider cutting the federal funds rate at its next meeting in March. The implication from his remarks in a “60 Minutes” interview was that the board would not entertain the idea until the following meeting in May. “We want to see more evidence…
Federal regulators have relieved drayage truckers from late-fee bills associated with picking up and returning cargo containers, while inadvertently — and unfairly — shifting the burden onto shippers, a major shipper group contends. The Federal Maritime Commission’s rule on demurrage and detention, issued last week, imposed new billing standards on ocean carriers and terminal operators…
Shipment marketplace Uber Freight announced Thursday it’s launching its Carrier Card, a fintech tool that can be used to make fuel purchases through the company’s platform. The Carrier Card will be powered by AtoB, a fleet card management platform that partners with logistics-related companies including shipping marketplace uShip, Asian and Hispanic grocery app Weee!, and…
Shares of Forward Air plunged 30% in pre-market trading Thursday following a rough first-quarter report that was issued five hours after Wednesday’s market close. Forward (NASDAQ: FWRD) reported a headline net loss of $88.8 million, or $2.35 per share. Excluding one-off costs from the acquisition and integration of Omni Logistics as well as severance expenses…
This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday. FIRESIDE CHAT TOPIC: How maintaining broker/carrier relationships is essential in a down market DETAILS: Anne Reinke, the president and CEO of the Transportation Intermediaries Association, talks about the natural tension between brokers and carriers and how it can be overcome. KEY QUOTES FROM ANNE…