FreightWaves Infographics: Port of LA topples Laredo, Texas, as top US trade gateway for July

On a recent episode of Fuller Speed Ahead, Craig Fuller, founder and CEO of FreightWaves, was joined by Dennis Lane, head of revenue at CargoWise Landside, to talk about recent trends and technology impacting the drayage industry. CargoWise Landside, a solution area of the CargoWise platform, combines four leading drayage transportation management systems under one…

Peace Equipment LLC, a company headquartered in Edcouch, Texas, filed for Chapter 11 bankruptcy protection this week, citing rising operating costs and “reduced income in the trucking industry.”  The company also noted merchant cash advances as being a contributing factor to Peace Equipment’s financial issues, according to court filings.  Peace Equipment filed its Chapter 11…

West Coast container port operations are being disrupted by a dispute over the size of dockworkers’ next pay raise, with disruptions now starting to affect ship operations. “We got a rash of vessel movements canceled overnight,” said Kip Louttit, executive director of the Marine Exchange of Southern California, on Wednesday morning. The MSC Jeongmin was…

The contract agreement reached this week between the Teamsters union and Anheuser-Busch, averting a strike that could have begun Friday, calls for wage increases of $8 an hour over the five years of the deal. A $4-per-hour raise kicks in immediately. Anheuser-Busch (NYSE: BUD) announced the deal late Wednesday. It awaits ratification in the coming…

Wisconsin Gov. Tony Evers has vetoed a bill that would have put a $1 million cap on awards for non-economic damages, such as pain and suffering, in lawsuits stemming from commercial motor vehicle accidents. The trucking industry has pushed to limit damages in such accidents, citing nuclear verdicts in the tens of millions of dollars…

Cargo business at publicly traded passenger and combination airlines showed improvement in the second quarter from the prior three months as the recovery from a prolonged freight downturn fully took hold this year, according to earnings results released so far. Lufthansa Cargo’s operating profit dipped 3% in the second quarter as rising expenses and lower…