Why Walmart pays its truck drivers 6 figures - FreightWaves
Jan 23, 2024 · Last year, Walmart announced another key pivot. The company said in January 2023, building on a pilot it launched the year before, that it would allow Walmart associates living in participating locations to apply to a 12-week CDL program.For perhaps the first time, a Walmart company driver doesn’t need years of experience to get …
Container shipping outlook 2024: Rising risk of delays, disruptions
Dec 7, 2023 · It’s not just about the Panama Canal. With the Suez Canal, there have been attacks on ships in the Red Sea, and on top of that, we have the ILA contract expiring at the end of next September [The International Longshoremen’s Association contract for East and Gulf Coast dockworkers]. FREIGHTWAVES: The ILA has specifically warned that it will strike on Oct. 1, 2024, if its demands aren’t met.
#1 Logistics, Freight and Transportation News - FreightWaves
3 days ago · In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.
Saia’s $1B growth plan to test LTL’s tight capacity structure
Feb 2, 2024 · Less-than-truckload carrier Saia Inc. has big growth plans in 2024 after picking up 28 terminals from bankrupt Yellow Corp.’s estate. It outlined a $1 billion capital expenditures plan in its fourth-quarter report, which if executed would …
Supply Chain, Logistics, and Trucking News & Data - FreightWaves
FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.
Forward Air-Omni merger finally closes - FreightWaves
Jan 25, 2024 · Forward Air announced Thursday it has completed the acquisition of Omni Logistics. The transaction’s closing ends a bitter legal dispute between the two parties.. A news release said the deal, which likely closed at a total purchase price of $2.1 billion, is expected to create a “category leader in the expedited LTL market.”
FedEx fleet restructure poses threat to freighter operators
Feb 1, 2024 · (Editor’s Note: Article updated Feb. 6, 2024, at 4:40 p.m. ET with statements from Richard Smith of FedEx) FedEx has portrayed its new air network redesign in terms of streamlining the high-cost overnight parcel operation, but internal communications show the express delivery giant also sees an opportunity to aggressively go after heavyweight cargo booked by logistic providers to offset ...
Trump tariffs to slow US trade, says analyst - FreightWaves
Nov 21, 2024 · High tariffs on Chinese imports, promised by President-elect Trump, will likely slow U.S. trade in 2025 as uncertainty hinders investment in reshoring of manufacturing, a trade analyst predicts.
Feb 19, 2024 · carrier rate report 3 fig. list of figures (click to jump to figure/page.) 1 truckload spot rates compared to van contract rates 9 national outbound tender reject index across modes 5 average used truck prices from past 7 quarters 13 container atlas ocean teu volume index 19 primary drivers of trucking capacity in first half of 2024 21 freight sentiment indexes — carriers’ quarterly change ...
U.S. Xpress’ multiyear struggle ends with acquisition by Knight-Swift
Mar 21, 2023 · What is notable about the recent performance of U.S. Xpress is not that it has lagged its peers, as it had done that for several years. But the company’s performance has dropped consistently over the past few years even as most of 2021 and the first half of 2022 were being described as one of the greatest trucking markets ever.