Archive for the ‘Uncategorized’ Category

2021 Q3 Market Update

September 2021 Reading Time: 5 minutes Q3 MARKET UPDATE 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). THIS ARTICLE COVERS • Tight capacity forecast through 2022 • Upward pressure on pricing for […]

Brokerage revenue soars for carriers amid extended capacity crunch

According to Truckload Carriers Association (TCA) data, brokerage revenue as a percent of total hit an all-time high this past June with a value of 22.01%. This is occurring at the same time as near-record revenue efficiency is being hit on the asset side. When these two values move higher together, it is an indication […]

Growing numbers of teens see trucking as attractive career

rucking’s age-old problem has been just that — the age of its drivers. The median age of a truck driver is 46, which is five years older than the national average for all workers. As more and more drivers — especially those in their 60s and 70s, of whom there are many on the road today — […]

MODE Global Announces Acquisition of RR&F Logistics

DALLAS, August 10, 2021 — MODE Global, LLC (“MODE Global” or the “Company”) announced it has completed the acquisition of RR&F Logistics (“RR&F”). RR&F, an agent of SUNTECKtts, is based out of Rochelle Park, NJ offering full-service transportation services throughout North America. Following the acquisition, MODE Global will now facilitate more than 1.5 million annual […]

Hot Shots: Mudslides, floods, wildfires and more

Every Friday, FreightWaves takes a look at the past week or so in social media, highlighting trucking, transportation and weather. This week features a Colorado highway washed out by a major mudslide, a trucker who misjudged floodwaters, a wildfire that leveled a California town and more.

Red-hot ocean rates could spark government intervention

In tanker and dry bulk shipping, the rate is the rate. It’s whatever the market says it is. It can be below zero (net of costs). It can be six figures per day. No government can intervene. This is definitely not the case in container shipping. Record-high trans-Pacific spot rates and container-equipment shortfalls in Asia […]

California air quality enforcers approve rule limiting emissions from idling trucks

California clean air regulators have approved a new rule aimed at dramatically limiting emissions from slow-moving and idling trucks, arousing the ire of trucking groups and potentially setting up another conflict with the Trump Administration over the state’s authority to enact air quality regulations. Members of the California Air Resources Board (CARB) on Friday unanimously […]

United Airlines records $1.6B Q2 loss; cargo revenue soars

United Airlines (NASDAQ: UAL) achieved 36.3% growth in cargo revenue in the second quarter after transitioning idle aircraft to cargo-only flights, but the glimmer of good news was overshadowed by a $1.6 billion net loss. It was the worst quarter in United’s 94-year history. Revenues fell 87% year-over-year as travel demand evaporated because of travel […]