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The post Daily Infographic: Forecasting the market cycle appeared first on FreightWaves.
The post Daily Infographic: Forecasting the market cycle appeared first on FreightWaves.
The annual contract season is down to the final stretch in the trans-Pacific shipping market. U.S. import costs, liner profitability and service reliability all hinge on where contract prices settle in the next few weeks. The plot twist this year is that the prior round of annual contracts were signed at historically high levels and…
With the proxy battle at Norfolk Southern headed to a climax next week at the annual meeting of shareholders, management and the board of directors have taken a major hit to their survival efforts following the recommendation of Glass Lewis to back the proxy battle undertaken by Ancora Holdings. Glass Lewis is an independent proxy…
Nippon Express, the seventh-largest third-party logistics provider in the world by gross revenue, has agreed to acquire Austrian logistics company Cargo-Partner for up to $1.5 billion, advancing its strategy to become a global mega-freight forwarder. The deal announced Friday significantly strengthens Nippon Express Group’s network in Europe, especially the growing manufacturing regions in central and…
Lower-than-expected Class 8 truck orders in December barely impacted the seasonally adjusted five-and-a-half months it takes to build and deliver a new unit. Strong orders for vocational trucks, demand in Mexico and exports softened slack bookings for over-the-road tractors. Preliminary North America net orders of 26,500 in December came in 15,000 below November. Adjusted for…
HOUSTON — In the five days of CERAWeek by S&P Global, participants raised questions about hydrogen as an energy source, including in trucking, mostly over the enormous challenges to build infrastructure for a hydrogen-fueled future. But the environmental movement checked in here as well, represented by the Environmental Defense Fund. The EDF has generally been…
Project44 has won a major battle in its ongoing defamation suit against competitor FourKites. The Illinois Supreme Court ruled Thursday that emails in question were published to a third party, and that the Cook County Circuit Court must try the case. The two FreightTech rivals have been battling it out in the courts after project44…