To view more FreightWaves infographics, click here
The post Daily Infographic: EU’s ban on diesel fuel from Russia shifts trade patterns appeared first on FreightWaves.
The post Daily Infographic: EU’s ban on diesel fuel from Russia shifts trade patterns appeared first on FreightWaves.
On Episode 713 of WHAT THE TRUCK?!?, Dooner is talking about a cargo theft ring in California that has shippers on edge. NXTPoint Logistics’ Andrew Lockwood talks about the rise in theft in the Golden State. Covenant’s VP of sustainability, Matt McLelland, joins the desk to co-host. He’s looking at a report released by The…
A federal court in Kansas has dismissed defunct Yellow Corp.’s $137 million breach-of-contract lawsuit against the Teamsters union and its negotiating arm. The court cited the company’s failure to exhaust the grievance process established under its collective bargaining agreement with the union as the reason for closing the case. “The Court is guided by the…
After weeks of consistent declines, and an overall steady drop through much of 2023, the benchmark diesel price used for most fuel surcharges has hit something of a trading range. The latest average weekly retail diesel price published by the Department of Energy/Energy Information Administration was up 2.9 cents a gallon to $3.867. That marks…
The U.S. Department of Labor (DOL) said this week it is still seeking nearly 1,400 Arizona drivers who are owed up to $5.6 million after a victory in a misclassification case that was settled in November. Parts Authority Arizona LLC and Arizona Logistics Inc., which was operating as Diligent Delivery Systems, were ordered by a…
FedEx Corp. (NYSE: FDX) late Tuesday posted fiscal 2023 fourth-quarter revenue of $21.9 billion, down from $24.4 billion in the year-earlier period. Adjusted diluted earnings per share came in at $4.94, down from $6.87 a share and above a $4.89-a-share estimate from Yahoo Finance. Net income of $1.25 billion was down from $1.8 billion in…
U.S. box demand has been consistently worse than the largest box makers expected over the past three quarters — with recent declines among the steepest since the Great Financial Crisis — and recent signs point to more of the same weakness. The largest U.S. boxboard/folding carton producer, Graphic Packaging, presented at a conference Tuesday at…