Rail equipment manufacturers, suppliers and industry observers will talk about the number of railcars in storage being up or down. But why is that figure important? Knowing how many railcars are in storage is significant because that figure helps observers understand network capacity in relation to the broader economy. Industry participants also look at the […]
Total Terminals International is the launch partner for the Port of Long Beach’s new initiative to increase cargo velocity by expanding gate hours for truck pickup. The move comes amid a huge container surge that is choking productivity and jeopardizing retailers’ holiday deliveries. The operator of the port’s largest container terminal, located on Pier T, […]
Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting images in trucking, transportation and weather. This week features Hurricane Nicholas’ Texas landfall, summer snow in Alaska, cargo ships stuck off Southern California and more. Nasty Nicholas Hurricane Nicholas struck the Texas coast, making landfall as a Category 1 storm Tuesday […]
The word “historic” in the maritime and logistics industry has become so overused that its meaning now is watered down (yes, pun intended). Every week, there seems to be more “historic” news to report. Take your pick: congestion at the ports, container prices, containers falling into the ocean, the denial of trade over empty containers […]
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation. On this date 81 years ago, the new Gulf, Mobile & Ohio Railroad (GM&O) […]
August data from Cass Information Systems shows a sequential surge in expenditures, a proxy for freight rates, with shipments stepping higher as well. The year-over-year comparisons for both subindexes were materially higher again. Freight rates up and to the right The expenditures component of the Cass Freight Index (NASDAQ: CASS) jumped 11.3% from July on […]
Hello, FreightWaves Community, Over the past few weeks, we have been monitoring the evolving situation with the spread of COVID-19 and the delta variant. Rising cases and hospitalizations, along with guidance from local health officials, have made it necessary to re-evaluate our plans to return to in-person events. As many of you know, the Future […]
Stay informed about freight market conditions and other factors that can impact your supply chain. In this Market Update, we cover the following: Truckload, Less-Than-Truckload, Intermodal and International (Ocean & Air). MARKET UPDATE OVERVIEW The Coronavirus (COVID-19) threw a level of uncertainty into 2020 for the transportation industry with ongoing constraints into 2021. Although our […]
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