FreightWaves has written extensively in recent weeks and months about the weakness in U.S. box demand, an indication of the poor state of the goods economy as Americans are increasingly cash-strapped even amid ongoing debt forbearance. The three largest North American containerboard/box producers reported box demand declines ranging from 8%-13% in Q1, and demand has…
WASHINGTON — At a Capitol Hill hearing on regulations that keep the trucking industry from efficiently moving the nation’s freight, owner-operator representatives testified that the biggest impediment may be a speed limiter regulation yet to be rolled out. “All kinds of studies show that when all traffic flows at the same speed, it’s much safer…
A barrage of gunshots has been reported near the Pharr-Reynosa International Bridge, a key border crossing linking Texas and Mexico. The gunfire on Wednesday stemmed from a confrontation between the Mexican army and armed individuals alleged to be smugglers of undocumented immigrants, according to Reforma. The confrontation reportedly happened around 10 a.m. local time near…
The U.S. Postal Service on Wednesday established proposed pricing for its new two- to five-day delivery product offering known as USPS Ground Advantage. Pending favorable review and comments from the Postal Regulatory Commission, which must approve the proposal, USPS Ground Advantage is slated to launch July 9. Published prices for USPS Ground Advantage will decrease…
While venture capital investment in startups has slowed over the last several quarters, funding continues to flow to companies focused on boosting the global supply chain. Supply chain-focused startups Unity SCM, Ox, Prewave and Pando recently secured a combined $70.6 million in venture capital. Overall, venture funding for supply chain startups in the fourth quarter…