The recent recovery of the air cargo market didn’t happen soon enough to save Iceland-based cargo airline Bluebird Nordic, which ceased operations late last month. The airline, which existed for 23 years and was acquired by Lithuanian conglomerate Avia Solutions Group in 2020, surrendered its air operator certificate to the Icelandic Civil Aviation Authority and…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Developers bullish on Texas logistics real estate; Waabi opens autonomous trucking terminal near Dallas; New Zealand logistics company invests in Texas facility; and Tier 1 automotive supplier expands in northern Mexico. Developers bullish on Texas logistics…
Chart of the Week: Reefer Outbound Tender Reject Index – Florida, USDA Produce Spot Rate – Lakeland to Chicago, Lakeland to Boston SONAR: ROTRI.FL, AGRATE.LALCHI. AGRATE.LALBOS Refrigerated tender rejection rates for loads originating in Florida topped 5% this past week for the first time since July 2022. The spiking rejection rates coincided with jumping spot rates…
Supply chain technology provider Trimble Inc. posted first-quarter transportation and logistics revenue of $195 million, a 33% year-over-year (y/y) increase. CEO Rob Painter said Trimble’s transportation and logistics segment was boosted by strong bookings from the company’s Transporeon unit. Transporeon is a Germany-based logistics company that uses a cloud-based TMS to connect carriers, logistics service…
The ongoing freight recession has now plagued the market for longer than the COVID boom, but high-frequency data from FreightWaves SONAR suggests it might be coming to an end sooner rather than later. Brokers, however, should not expect a market turn to completely alleviate the downward pressure on their gross margin. While the freight recession…