Typical insurance is a risk transfer program that fleets use to operate businesses with minimal stress. However, lately, captive insurance has been gaining popularity in the market. And it makes […]
To view more FreightWaves infographics, click here The post Daily Infographic: 573 layoffs hit logistics firms in California, Illinois and Michigan appeared first on FreightWaves.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas-based customs broker expands cross-border footprint; Pennsylvania-based mushroom grower expands production into Mexico; Impilo expands distribution network with Phoenix warehouse; and TT Electronics opens factory along US-Mexico border. Texas-based customs broker expands cross-border footprint In 1991,…
Chart of the Week: Van Contract initial report of average base cost per mile, Van Outbound Tender Rejection Index – USA SONAR: VCRPM1.USA, VOTRI.USA The post-pandemic trend of pricing long-term or contract rates to the floor is not over, but the data shows this is slowly ending. Looking at the past six years of dry van…
Global logistics powerhouse Kuehne+Nagel suffered substantial revenue and profit erosion in 2023, including the final quarter, as excess air and ocean capacity combined with a post-COVID slow down in trade lowered rate levels, hurting bottom lines across the freight transportation sector. Executives said they are seeing some stabilization in demand , but don’t expect a…