The airfreight market is so saturated that companies without precommitments, or the stomach to pay premiums, are having difficulty finding aircraft to move their goods. And import cargo keeps coming, on top of record volumes for air and ocean shipping,…
A Mexican auto parts supplier became the first company to receive a labor violation complaint under the United States-Mexico-Canada Agreement (USMCA) on Monday. The complaint against the Tridonex auto parts factory in Matamoros, Mexico, just across the border from Brownsville,…
Third-party logistics provider Radiant Logistics (NYSE: RLGT) noted strength across all of its transportation offerings on a call with analysts and investors Monday. Management said the brick-and-mortar retail segment continues to improve and that the company is even seeing some…
Judges for the Jesse H. Neal Awards, the most distinguished editorial honors for specialized journalism, have named FreightWaves a finalist in five categories in this year’s contest, among them Best Media Brand (Overall Editorial Excellence) and Best Website. Finalists for…
The second part of Monday’s two-event diesel price day saw the weekly Department of Energy’s Energy Information Administration average retail diesel price rise 4.4 cents per gallon to $3.186. That is less than half of what commodity and wholesale diesel…
The Teamsters union wants to see executive pay reform at XPO Logistics [NYSE: XPO] after it was disclosed that Chairman and CEO Brad Jacobs is in line for a payout of up to $80 million at the same time the…
This episode is brought to you by Legend Transportation, which has been establishing partnerships through outstanding customer service since 2007. Learn more at newlegendinc.com On today’s episode, Dooner and The Dude are talking about yet another ransomware attack, the bullwhip effect…
Bad news — accidents, war, extreme weather — is generally good news for commodity shipping. Case in point: Product tanker stocks, rates and futures jumped Monday in the wake of the cyberattack that shut down the Colonial Pipeline. The pipeline,…
New Legend Inc. (“Legend”) announced plans Monday to switch all of the company’s local running lanes to an entirely all-electric fleet by 2023, starting with the purchase of 50 battery-electric Freightliner eCascadias for Southern California. “This is a good move…
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