Supply Chain, Logistics, and Trucking News & Data - FreightWaves
WEBChevron pushes through barriers to provide lower carbon intensity fuel solutions. 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.
Container shipping’s 2022 outlook: The bulls, bears and wild cards
WEBJan 3, 2022 · According to Chu, 2021 was the best year for container shipping on record “but we think that 2022 will be materially better.”. Deutsche Bank predicts the two carriers’ average freight rates will be up 30% this year versus 2021. It forecasts that Maersk’s 2022 EBITDA will be $34.6 billion, up 43% from 2021, and that Hapag-Lloyd’s 2022 ...
Exclusive: Central Freight Lines to shut down after 96 years
WEBDec 13, 2021 · Central Freight Lines is the largest trucking company to close since Celadon ceased operations in 2019. Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president …
The Home Depot’s culture of supply chain innovation
WEBFeb 3, 2021 · It’s become increasingly clear that The Home Depot’s supply chain has fostered a culture of innovation that encourages experimentation and collaboration with FreightTech startups, a serious commitment to sustainability and new ways of partnering with carriers. These strategies tend to self-reinforce, as in the case of The Home Depot’s ...
Different container indexes, vastly different rates. Which is right?
WEBJul 29, 2021 · The latest assessment for Asia-West Coast rates from the Shanghai Container Freight Index (SCFI), a weekly estimate as of last week, was $5,388 per forty-foot equivalent unit. Wednesday’s daily assessment from S&P Global Platts was $7,400 per FEU. Xeneta’s was $8,697. The weekly assessment from …
Gulf ports expanding their way to bigger profits - FreightWaves
WEBAug 3, 2021 · Ports from Brownsville, Texas, to New Orleans, to Mobile, Alabama, are expanding and will spend about $5.4 billion on expansion projects by 2027. Port of New Orleans (cost: $1.5 billion) The Louisiana International Terminal project will build a 350-acre container terminal with a 3,500-linear-foot wharf on more than 1,000 acres, aimed at ...
The inside story on how GlobalTranz and WorldWide Express …
WEBDec 16, 2021 · John Kingston. · Thursday, December 16, 2021. NEW YORK — At a daylong conference earlier this month focused on the explosion of private equity interest and money in the logistics sector, attendees heard from a CEO behind one of the biggest deals of 2021: the merger that brought together 3PLs GlobalTranz and Worldwide Express.
Leading Trucking News - Award Winning - FreightWaves
WEBBorderlands Mexico: Truck cargo theft up as thieves grow more violent, savvy. This week in Borderlands: Truck cargo theft up as thieves grow more violent, savvy; Chinese manufacturer to build $100M factory near Houston, create 100 jobs; 236,000-square-foot transload facility planned for Laredo, Texas; and Continental begins construction of $90M ...
Crude shipping revs up; supertanker rates top $100,000 a day
WEBMar 10, 2023 · LinkedIn. Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached the $100,000-per-day threshold. It could be a taste of things to come. Analysts and investors are increasingly confident that the tanker business is headed into a long, sustained upcycle. “VLCC rates have surged at the ...
199 transportation and logistics companies make the Inc. 5000 list
WEBAug 17, 2021 · The Chicago-based company debuted on the list at No. 41 overall, experiencing revenue growth of 7,597% between 2017 to 2020. In all, 199 transportation and logistics companies – including software providers related to the freight industry – made the list this year. It was a 14% increase over 2020, when 176 transportation and logistics ...