Feightwaves.

3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM experienced a ...Listen to this article. 6 min. A federal judge has ruled that Total Quality Logistics — the second-largest freight brokerage in the U.S. — violated federal law and owes overtime pay to thousands of former employees who worked more than 40 hours a week. Judge Michael Barrett of the U.S. District Court for the Southern District of Ohio issued ...Sources told FreightWaves that the attack brought down the company’s operations system — something Marten disputes. Regardless of what befell Marten, the incident marked the single largest publicly known cyberattack on a major carrier in 2021. Ransomware attacks can cripple operations at trucking and logistics companies by encrypting the ...Our FreightWaves TV events and freight conferences give you the opportunity to make connections, stay up-to-date and prepare for what lies ahead. Get started by exploring upcoming FreightWaves events below and registering now. mark your calendar Upcoming Events. Domestic Supply Chain Summit December 13, 2023Digital freight brokerage Surge Transportation filed for bankruptcy on July 24, as FreightWaves’ Hampstead first reported the following day. 2023 was a more severe downturn than expected. Surge booked $135 million in gross revenues during one period in 2023, according to its bankruptcy filing. That same period last year, Surge posted $200 ...

An index of tendered volumes on a given day. It is organized by inbound (ITVI) and outbound (OTVI) volumes for the U.S., regional, and market granularity. The index was created with a base of 10,000 on a national level from March 1st 2018 volumes. For example: If there were 10 national loads tendered on March 1st and on March 2nd there …3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM experienced a ...Jan 29, 2023 · In spite of increasing volume since the start of 2023, truckload spot rates (net of fuel) dropped from $2.02 per mile on Jan. 9 to $1.82 per mile on Jan. 25. While this is certainly above the lowest rate in the current cycle ($1.67 per mile on Nov. 17, 2022), the downward trend isn’t instilling hope for truckload carriers that the market has ...

Alaska Air will take over cargo transportation for e-commerce giant Amazon when it concludes a deal announced Sunday to acquire Hawaiian Airlines in a stock-and-debt …

FreightWaves. 70621 likes · 1882 talking about this · 65 were here. FreightWaves is the most trusted provider of global supply chain market intelligence.The FreightWaves executive team has over 75 years of freight experience, founded or helped build 10 start-ups, raised over $1 billion in private capital and completed over $5 billion of M&A. The team’s experience spans every area of the supply chain, helping the company create unique solutions for the freight community.7 min. The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships. In announcing the plan Monday, White House officials said the strategy of using both domestic tools and international partnerships can help diversity and strengthen the U.S. supply chain.FreightWaves’ SONAR Outbound Tender Volume Index (OTVI) is a measurement of electronic ofers (aka “tenders”) from shippers (i.e. manufacturers, big box

Quicklook: best load boards for truckers. Best for specialized vehicles or loads: Truckstop. Best for last-minute loads: Uber Freight – Find Loads. Best for free load board: TruckSmarter. Best for expanding companies: Convoy – Find Loads. Best for cost value: 123Loadboard – Find Loads. Best for customized features: Direct Freight – Find ...

Dec 3, 2023 · GlobalX Airlines defies cargo trend with fleet strategy. Global Crossing Airlines, a 2-year-old hybrid carrier that provides supplemental airlift to customers that rent the entire plane, is taking a long-term view toward cargo expansion at a time when freight demand is very soft. American Shipper. Air Cargo. Eric Kulisch Wednesday, November 15 ...

FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves’ …1 company has taken care of the logistics since 1982. Did you know the same company has delivered the holiday tree to Rockefeller Plaza in New York City since 1982? This year the famous Christmas tree that lights up Rockefeller Plaza is from Vestal, New York. The tree has been a tradition in the plaza since 1931.Keep up-to-date on freight industry insights and current events to improve your business strategy. Like what you see? Subscribe now.Air Freight Market Update & Trends. Year-to-date 2023 demand continues to decline but has begun to level off, rates continue to decline. Demand Vs. Capacity. IATA forecasts air cargo demand decline to be -4.1% in 2023 year-over-year. Year-to-date 2023 IATA demand is at -6.1% and capacity has grown at +8.7%.F3: Future of Freight Festival | Nov. 7-9, 2023. Join us in Chattanooga, TN for a festival like no other!Alaska Air will take over cargo transportation for e-commerce giant Amazon when it concludes a deal announced Sunday to acquire Hawaiian Airlines in a stock-and-debt …At the core of each article or content piece is a focus on the economic impacts and outcomes - good or bad - that are driven by emerging technology, innovation ...

Sep 15, 2023 · American approval of labor unions just hit its highest point since 1965, according to a Gallup poll. For the first time ever, a sitting president is even supporting strikes. Steven Greenhouse, a former longtime labor reporter at The New York Times, hesitated to say that we’re in a major uprising for American workers. FreightWaves SONAR is the world’s first high-frequency market intelligence platform, offering a technical analysis dashboard and API suite that empowers clients with access to freight market developments, often weeks or months before competitors. The creation of SONAR was the brainchild of Craig Fuller, the founder of FreightWaves and the ... Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday. FreightWaves truckload freight coverage is your leading source of truckload news and information via freight data. Subscribe now for free.MAY 19-20, 2021 // VIRTUAL EVENT. It’s back and bigger than ever. After the volatility of 2020, FreightWaves LIVE @HOME will examine what you can expect for the rest of the …From deep dives to fast facts, FreightWavesTV covers the world of freight like no one else. Start Watching Now On Demand Content Whether you like to watch on an Apple TV, …At the core of each article or content piece is a focus on the economic impacts and outcomes - good or bad - that are driven by emerging technology, innovation ...

In the 2008 freight recession, freight brokerages were a much smaller percentage of the overall trucking market, representing just 10% of the total freight in the market. This number has doubled since then, along with the quality of freight. When I was working the freight desk at U.S. Xpress in the early 2000s, freight brokerages weren’t a ...FY 2012-2023. Average per-mile spot rates for trucking fleets have hit $1.54, down 11.6% from 2022 and 34.4% from 2021, according to the FreightWaves National Truckload Index. At the same time, the costs of fuel, replacement parts, insurance and other key inputs have soared.

FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves SONAR’s price, demand, and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor, and forecast the global physical economy.The indexes, which are derived from surveys of carriers, brokers and shippers, measure near-term and longer-term profitability, workforce and business investment sentiment. For the first time since we started tracking sentiment in Q4 2022, an overall score has fallen into the negative. FreightWaves SONAR: NTI.USA (white) and NTIF.USA (green).FreightWaves’ SONAR Outbound Tender Volume Index (OTVI) is a measurement of electronic ofers (aka “tenders”) from shippers (i.e. manufacturers, big boxFY 2012-2023. Average per-mile spot rates for trucking fleets have hit $1.54, down 11.6% from 2022 and 34.4% from 2021, according to the FreightWaves National Truckload Index. At the same time, the costs of fuel, replacement parts, insurance and other key inputs have soared.Major U.S. and European airlines ranging from Air Canada to United Airlines, Air France-KLM and Lufthansa Group reported revenue declines of 25% to 40% for cargo during the three-month period, with the Lufthansa Cargo freighter unit barely breaking even. Korean Air’s cargo revenue fell 51%. Logistics behemoth Kuehne+Nagel said revenue for ...So far in 2023, FreightWaves has reported on only seven bankruptcies, a little more than one a month. The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year ...FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves SONAR’s price, demand, and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor, and forecast the global physical economy.

MAY 19-20, 2021 // VIRTUAL EVENT. It’s back and bigger than ever. After the volatility of 2020, FreightWaves LIVE @HOME will examine what you can expect for the rest of the …

FreightWaves was created at a time when freight brokerages morphed from a small part of the industry to a dominant force. FreightWaves owes a lot of our success to this reality. But much of the brokerage industry’s growth has been fueled by financing structures, such as venture capital (VC) and asset-based lines of credit.

According to load board Truckstop.com, marketplace fraud increased 400% from the fourth quarter of 2021 to the fourth quarter of 2022. This is the highest level the industry has seen since the tracking of fraud reports began in 2004. DAT told FreightWaves on Friday that it is aware of the post shared on X and appreciated the post.4 min. WASHINGTON — The Biden administration has finalized a rule requiring each state to track and monitor greenhouse gas emissions from vehicles despite opposition from some states and road and bridge builders. The new rule, which generated close to 40,000 comments after it was formally proposed in a notice of proposed …FreightWaves. Estes Express confirms cyberattack. 2 min. Estes Express on Tuesday confirmed that it has been the target of a cyberattack. The Richmond, Virginia-based LTL carrier did not share details about the attack or what areas of the company have been impacted. In a statement posted Tuesday morning on X, formerly known as Twitter, …Sep 14, 2022 · FreightWaves announced on Wednesday the latest FreightTech 100 — a selection of the most innovative companies in the freight technology space. This is the fifth annual iteration for the award. Over the past few months, FreightWaves has received more than 1,500 nominations for 423 companies. Sep 14, 2023 · 3 min. Orbcomm, a major provider of ELDs to the trucking sector, is dealing with a ransomware attack that has limited the ability of its customers to use its Fleet Manager offering, which includes its Blue Tree ELD systems, the company has confirmed. Resolving the issue may take up to two weeks. “On September 6, 2023, ORBCOMM experienced a ... Flexport announced Wednesday that it has acquired Convoy’s technology stack. FreightWaves reported on Friday that the two freight startups were in talks for Flexport, a venture-funded freight forwarder, to acquire Convoy, a freight brokerage that shut down on Oct. 19. “Flexport’s strategy will be to offer a full range of trucking services to …FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves’ price, demand, and capacity data allow customers to benchmark, analyze, monitor, and forecast the global physical economy.FreightWaves is the leading provider of news and key data points to the U.S. trucking and brokerage industries. The subject matter experts at FreightWaves – who combined have …How To Calculate Fuel Surcharges. A fuel surcharge is calculated by multiplying the difference in price per mile in fuels prices by the distance traveled. This gives the total fuel surcharge. For this, you need to take into account more than just fuel price changes. Drivers can start by using a calculating cost per mile worksheet to get a clear ...Please note, we have recently updated this website and your password may have changed. If you have trouble logging in use "Forgot Password" and your email

Data from FreightWaves SONAR presented during the webinar showed that the net reduction in the number of approved authorities has been relatively muted given the weakness of the market. The market is not ready to bounce back, Fuller said. “This is the reason the carriers feel the way they do.Nov 28, 2023 · According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than ... The unified carrier, which has yet to announce a new name, will expand into Texas in the first quarter and will add Chicago at an undetermined time. The company on Thursday announced a 6.9% general rate increase on residential ground deliveries in 2023, which matched FedEx and UPS. But the OnTrac-LaserShip GRI is just for show.Data from FreightWaves SONAR presented during the webinar showed that the net reduction in the number of approved authorities has been relatively muted given the weakness of the market. The market is not ready to bounce back, Fuller said. “This is the reason the carriers feel the way they do.Instagram:https://instagram. alb'fcavxbest ipo brokerhow do you buy vanguard index funds FreightWaves is a price reporting agency (PRA) focused on the global freight market and the leading provider of high-frequency data for the global supply chain. FreightWaves SONAR’s price, demand, and capacity data spans across all modes to allow logistics leaders to benchmark, analyze, monitor, and forecast the global physical economy.How To Calculate Fuel Surcharges. A fuel surcharge is calculated by multiplying the difference in price per mile in fuels prices by the distance traveled. This gives the total fuel surcharge. For this, you need to take into account more than just fuel price changes. Drivers can start by using a calculating cost per mile worksheet to get a clear ... c8 70th anniversarykennedy silver dollar value U.S. Postal Service contractor Matheson Flight Extenders (MFE) filed paperwork Thursday stating that it plans to eliminate 305 jobs and close its sorting facility in Chicopee, Massachusetts, by the end of October, bringing to about 1,000 the total job cuts it has announced in recent days. amg gle 63 Amerijet feels financial pinch as cargo business deteriorates - FreightWaves. Amerijet, racing to reverse the cargo airline’s negative cash flow after the recent firing of CEO Tim Strauss, is parking jets, deferring major maintenance and taking other steps to contain costs, according to public fleet databases and sources with intimate ...FreightWaves SONAR’S Outbound Tender Volume Index helps users identify freight volumes that are shipping at national, regional, or market granularity. OTVI allows users to see where demand for trucks is increasing or decreasing. An increase in freight volumes denotes tightening capacity. A decrease in freight volumes denotes loosening capacity.