Daily Infographic: What are the most common reasons freight is rejected?
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Texas factoring company files for bankruptcy liquidation
Genesis Networks Telecom Services LLC, also known as Genesis ATS (GNET), headquartered in San Antonio, Texas, filed its petition in the U.S. Bankruptcy Court for the Western District of Texas. The company, which was founded in 2005, offered financing solutions for small and midsized companies, lists its assets as up to $50,000 and its liabilities…
West Coast leads latest surge in US container imports
The start of 2024 is bringing with it significant growth in volumes at top U.S. ports. January witnessed a 9.2% year-over-year increase in inbound containers. This rise represents the latest reading in four consecutive months of growth, a beacon of positive momentum after a challenging period dominated by the post-pandemic downturn. “We are now completely…
State of Freight takeaways: Is a weak February the bottom of the cycle?
The word that Craig Fuller used to describe the freight market in February: “abysmal.” That was one of the initial observations in FreightWaves’ February State of Freight webinar. But could it be that the month marked a low point in the long freight recession? Here are five takeaways from Wednesday’s webinar. Another tough month in…
US targets Chinese-made container cranes in spy crackdown
Owners and operators of over 200 Chinese-made container cranes at U.S. ports will be subject to new cyber-risk management requirements aimed at reducing China’s ability to spy on America’s domestic supply chains. The U.S. Coast Guard on Wednesday announced that owners or operators of Chinese manufactured ship-to-shore (STS) container gantry cranes may now obtain copies…