Carriers’ pricing power slipping amid continued Red Sea conflict

The first fatal Houthi attack on a commercial vessel happened earlier this week, claiming three lives. The attacks in the Red Sea have created diversion around the Cape of Good Hope across all of the major container shipping companies, as they opt for the safety of crews and cargo at the expense of shorter transit…

Virginia logistics company files for Chapter 7 bankruptcy

Trucking, logistics and truck stop chains are collectively owed millions of dollars after a Virginia-based logistics firm recently shuttered operations and filed for bankruptcy liquidation. TBL Logistics, headquartered in Appomattox, Virginia, filed its petition on Feb. 29 in the U.S. Bankruptcy Court for the Western District of Virginia. In its filing, TBL Logistics listed its…

TMS tech needs greater functionality to empower brokerages

This fireside chat recap is from FreightWaves’ 3PL Summit on Wednesday. FIRESIDE CHAT TOPIC: Future of Freight Brokerage Software DETAILS: Walter Mitchell, CEO of Tai Software talks about recent developments and innovations impacting freight broker software. He dives into how automation and AI are changing operations and workflows while removing needless manual tasks. KEY QUOTES…