U.S. rail traffic in May sharply rebounded from the coronavirus pandemic-induced volume trough of last year, according to data from the Association of American Railroads (AAR). Rail volumes for May totaled nearly 2.12 million carloads and intermodal units, a 28%…
Congress is stepping up its scrutiny of Yellow Corp. (NASDAQ: YELL) and its $700 million CARES Act relief loan following reports alleging the company may have been ineligible for the funds and then misused them. In letters to Treasury Secretary…
U.S. import demand remains historically high. And yet, containerized imports could pull back, at least temporarily, because the trans-Pacific shipping system has bounced against its max-capacity ceiling and can no longer bear the full load. Liner giant Maersk said in…
Class 8 truck orders dropped significantly in May, obscuring strong underlying demand that cannot be met because of an already huge production backlog and supply chain constraints frustrating attempts to build more. “We’re talking about the worst supply chain environment…
On this episode of FreightWaves Insiders, Dooner catches up with SmartHop CEO/co-founder Guillermo Garcia to talk about living the American Dream. Guillermo’s passion to elevate smaller fleets stems from his experience as a fleet owner himself. His trucking roots can…
To view more FreightWaves infographics, click here.
Thailand-based Flash Group, a logistics startup also known as Flash Express, announced this week it has raised $150 million in a Series D extension and Series E round. While the company has not disclosed the exact post-money valuation, it claims…
With so many problems to solve for clients, it can be difficult to understand where to start when navigating issues around freight. That’s why on this episode of #WithSONAR Luke Falasca and Kyle Taylor share some tips to help decide…
This is an excerpt from Thursday’s (5/27) Point of Sale retail supply chain newsletter sponsored by ArcBest. FedEx remains inundated with elevated parcel volume stemming from continued online shopping resulting in longer delivery times, service blunders and upset customers. According to ShipMatrix, from…
The effects of COVID-19 on international shipping are still actively unfolding — but not only at the West Coast ports where there is a “parking lot” of containerized cargo ships waiting in droves. While container rates have spiked after growing…
Recent Comments