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The post Daily Infographic: Imports of avocados, beer from Mexico score big on Super Bowl Sunday appeared first on FreightWaves.
A move higher in the benchmark diesel price used for most fuel surcharges may prove short-lived, because oil futures markets have resumed their downward slide. The Department of Energy/Energy Information Administration average weekly retail diesel price rose 3.5 cents a gallon, effective Monday, to $3.863. It was only the fourth increase in the past 17…
BOSTON — Daimler Truck is promising more shareholder value and forecast revenue growth of 40%-60% in the second half of the decade as it transitions from diesel trucks to zero-emissions powertrains in its major markets. In its first Capital Markets Day since splitting off from Daimler AG and former parent Mercedes-Benz in December 2021, Daimler…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. In this week’s edition from the November 1984 issue, we take a look at the…
Year-over-year (y/y) declines in freight shipments and spend continued to taper during December, according to data compiled in the Cass Freight Index. December shipments outperformed normal sequential seasonal changes, up 2.1% seasonally adjusted. That followed a 0.3% sequential increase in November. Compared to a year ago, volumes captured by the data set were off 7.2%,…
Bed Bath & Beyond, now in Chapter 11 bankruptcy, insists it was a victim of shipping line greed amid the supply chain crisis. It filed a high-profile complaint with the Federal Maritime Commission (FMC) on April 27 against Hong Kong-based shipping line OOCL, seeking at least $31.7 million in compensation. District court documents reveal Bed…
WASHINGTON — Lawmakers officially kicked off efforts to mitigate — if not derail — the Biden administration’s latest push to electrify the trucking industry during a hearing on Capitol Hill designed to spotlight challenges to powering up an electric grid capable of meeting the zero-emission timeline unveiled by federal regulators in late March. The hearing…