FreightWaves’ “State of Freight” webinar for May offered little optimism that demand for cargo capacity will return at any point this year. Craig Fuller, FreightWaves CEO and founder, said he doesn’t see any signs of a significant uptick in demand for freight capacity in 2023. Here are five takeaways from the webinar: Spot rates not…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. In this edition, from the November 1974 issue of American Shipper, FreightWaves shares an article…
Union Pacific and the Brotherhood of Locomotive Engineers and Trainmen (BLET) have reached a “historic” tentative agreement that seeks to give engineers a more predictable work schedule, the two groups said Wednesday. The agreement, which still needs to be ratified by union membership, calls for a schedule that would consist of 11 days on call…
Cummins is acquiring a share of Faurecia’s commercial vehicle exhaust aftertreatment business in Europe and the U.S. Under the 142-million-Euro deal ($213 million Cdn), Cummins acquires related manufacturing plants in […]
Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs. A major slowdown…