The trajectory of trans-Pacific spot rates brings to mind the retail-trader catchphrase “to the moon.” Carriers implemented general rate increases (GRIs) on June 1. Spot rates rose. They enacted more GRIs on Tuesday. Rates jumped again, even more than they…
Xenata co-founder and CEO Patrik Berglund said providing ocean freight rate transparency is more important now than ever. “In today’s [pricing] market, this spread is the most I’ve ever seen in my entire career. In this industry, it’s flabbergasting to…
Workhorse Group [NASDAQ: WKHS] has sued the U.S. Postal Service over the government agency’s awarding of a piece of its $6.8 billion delivery truck contract to Oshkosh Corp. [NYSE: OSK], a move Workhorse had been considering since the award was…
This episode of Point of Sale is sponsored by ArcBest. ArcBest is more than logistics. Whatever you do, whatever you ship, ArcBest makes it easier for you to do business. ArcBest combines reliable capacity, innovative technology and trusted relationships to…
A zero-emissions last-mile delivery zone is being established in Seattle through the efforts of the University of Washington’s Urban Freight Lab (UFL) along with several last-mile delivery and technology companies. The Seattle Neighborhood Delivery Hub will allow companies to test…
A subsidiary of short line operator Genesee & Wyoming (G&W) has acquired and will operate a bulk transfer facility serving the Central Valley of California. Ivory Choice Terminal (ICTC), a subsidiary of G&W’s contract rail and related services division, has…
Silicon Valley’s illustrious launching of tech startups has brought venture capital to the mainstream. A bright idea for a business is pitched to a group of investors who in turn fund the early stages of the so-called “seed company.” But…
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. What is the value of goods stolen in home burglaries compared to porch package thefts? The answer might…
The Atlantic hurricane season is only a couple of weeks old, and the third named storm of the season could already be with us by the weekend. Freight flows and supply chains may be temporarily delayed in the lower Mississippi…
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