FedEx Corp. expects its air express unit will lose half of its business with the U.S. Postal Service when an existing contract expires, making more pilots expendable, FreightWaves has learned. The Postal Service three years ago began shifting a large amount of volume from air to ground transportation to reduce red ink and become more…
Each week, TruckNews.com lists notable moves, promotions and awards in the trucking industry. The new year brings changes as Stertil-Koni USA named a president, J.J. Keller & Associates’ board of directors has […]
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cargo insurance can boost cross-border operators’ business; Ryder System leases logistics center near Dallas–Fort Worth; Paccar Inc. announces $50M investment in Mexico truck factory; and thefts from cargo trains in Mexico rose in September. Cargo insurance…
Chart of the Week: Freightos Baltic Daily Index – China to North American west and east coasts, Panama Spread SONAR: FBXD.CNAW, FBXD.CNAE, FBXD.PANA Disproportionate shipping rate increases resulting from the Red Sea attacks further incentivize shippers to bring freight into the U.S. West Coast from Asia, as a pandemic-era pattern of shipping to Eastern ports continues to…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to gCaptain’s John Konrad V about the escalating conflict in the Red Sea and how it is already impacting freight. FreightWaves market expert Donny Gilbert breaks down the trucking data driving rates. Capacity is leaving the market at an accelerated pace but is it helping…