To view more FreightWaves infographics, click here
The post Daily Infographic: Americans value truck parking facilities — but not in their backyards appeared first on FreightWaves.
The post Daily Infographic: Americans value truck parking facilities — but not in their backyards appeared first on FreightWaves.
Time is running short for a handshake agreement to avert a nationwide Teamsters union strike against UPS Inc. threatened for Aug. 1. Talks broke off July 5 and will resume next week. Shippers that haven’t made contingencies could be up against the wall. Some will simply brace for service disruptions and undelivered packages, which could…
During the peak of the supply chain crisis, accusations flew, alleging that shipping lines were somehow colluding to prop up rates and gouge customers. Recent results posted by ocean carriers undermine those claims. They show the container shipping market behaving the same way commodity shipping markets always have: Rates spike when cargo demand exceeds transport…
There’s a seeming contradiction in the macroeconomic and trade data coming out of China these days: Despite contracting industrial activity, low consumer confidence and a worsening stock market rout, China is currently sending the highest volume of ocean container freight to the United States since May 2022. (Indexed ocean container volumes from all Chinese ports…
Truck engine maker Cummins Inc. on Tuesday reported first-quarter revenue that topped analysts’ expectations, boosted by strong global demand for its products. Revenue for the first quarter was $8.5 billion, a record 32% increase compared to the first quarter of 2022, the company said. The company reported first-quarter net income of $790 million, or $5.55…
More than a year after it was first proposed, the Department of Labor has formally released its final independent contractor rule that one leading analyst said was “little … changed substantively in comparison to the proposed rule.” But there are provisions in the changes, though minor, that are being viewed as positive for the trucking…
FMCSA delays closely watched trucking rulemaking until 2025 (Photo: Jim Allen/FreightWaves) Major rulemaking deadlines were again extended as the Federal Motor Carrier Safety Administration pushed back several decisions to 2025. The FMCSA’s proposed truck speed limiter rule was scheduled to be published this June but is now delayed to May 2025. It would require that…