Chart of the Week: Outbound Tender Volume Index, National Truckload Index linehaul only – USA SONAR: OTVI.USA, NTIL.USA Outbound tender volumes (OTVI) surged over 7.1% from May 26 to June 3, marking one of the strongest demand surges to start the summer shipping season since 2019. The spike in tender volume appears to have helped sustain spot…
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Chevron Renewable Energy Group. In this issue, is the market recovering?; freight broker attrition; rate the strap work gone wrong; FOSC24; and more. Chevron Renewable Energy Group provides liquid fuels to help power the lower-carbon energy journey — with leading-edge quality, go-to-market agility, lower-carbon solutions and…
San Diego-based global logistics technology company Tag-N-Trac recently unveiled its suite of updated IoT devices that include low-cost, disposable smart labels and tags. Venu Gutlapalli, CEO and co-founder at Tag-N-Trac, spoke with FreightWaves about how the devices and the Relativity technology platform work. The process begins with the 5G cellular- and Bluetooth technology-integrated smart labels…
This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers) Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers) Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 35 (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…
By Satish Jindel The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. In 2023, Forward Air’s (NASDAQ: FWRD) stock traded at a high of $121 per share. Then the company announced an agreement to acquire Omni Logistics. The press release had then-Chairman,…