Red Sea turmoil drives Chinese exporters to rail, other alternatives

A recent round of U.S. and British strikes on Houthi targets in Yemen raise fresh questions about the impact of container shipping in the Red Sea, as shippers continue to seek alternative means of navigating the crisis. The strikes, which were conducted on Saturday, spurred threats from Houthi leaders and a warning from Jake Sullivan,…

U.S. Bank Index variances suggest possible bottom for excess capacity

Quarterly data from U.S. Bank, one of the largest processors of trucking invoices in the country, could suggest a balance between supply and demand is on the horizon. The two key outright numbers produced by the U.S. Bank Freight Payments Index are for shipments and spend. Both declined relative to the third quarter. The Shipments…

Forward’s January update excludes status of Omni’s leadership team

Forward Air provided January volume trends on Monday, its first update following a controversial merger with Omni Logistics. It appears the combined company may not include several executives from Omni. FreightWaves has learned some members of Omni’s senior leadership team separated from Forward shortly after Omni CEO JJ Schickel had “chosen not to continue as…

Trucking M&A forecast; monster loads; tech to make life easier – WTT

On episode 678 of WHAT THE TRUCK?!?, Dooner is joined by The Tenney Group’s Spencer Tenney to talk about their annual logistics and supply chain M&A report. With the number of companies available to purchase hitting a 10-year high, it could be an electric market. We’ll find out what deals worked, which didn’t and what…