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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.
Germany’s Hapag-Lloyd, the world’s fifth-largest shipping line, posted better-than-expected results for the first quarter of 2023, with freight rates averaging $3,998 per forty-foot equivalent unit, 85% above pre-COVID levels. “Volumes remained subdued as the inventory correction starting in the second half of last year continued, but the numbers started to look a little better toward…
This week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 25 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 25 (Shippers) The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for…
Procurement platform Emerge recently announced a carrier partner program aimed at strengthening carrier-shipper relationships through greater visibility. “This program is designed to give both shippers and carriers more control over their relationship. Shippers get more of an inside look into carrier performance for large fleets and capabilities before awarding business, while carriers get more insight…
At the start of 2021, freight market demand was huge. Companies in supply chain and logistics were making massive hires. There was an average of six loads for every one truck, with load-to-truck ratios as high as 1:12, according to Nick Schrock, founder and CEO of Valoroo. Now the market has softened. There are more…
Exactly one year ago, SONAR’s ocean container bookings data revealed that U.S. import demand for containerized goods was dropping off a cliff, and while that same bookings data is still trending right alongside 2019 levels (as we forecast), the weakening global macroeconomic backdrop is continuing to add further downside risks to volumes. With U.S. importers…
TUCSON, Ariz. — TuSimple Holdings needs closure on a raft of investigations before it can reclaim technology leadership in the nascent autonomous trucking industry. But a balance sheet with nearly $1 billion is a big advantage. “Our runway is three years, and that’s excluding any strategic decision on China,” TuSimple Chief Financial Officer Eric Tapia…