Supply Chain, Logistics, and Trucking News & Data - FreightWaves
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#1 Logistics, Freight and Transportation News - FreightWaves
WEBAn Illinois-based trucking and logistics company that contracted with the U.S. Postal Service to haul mail and had more than 480 drivers ceased operations abruptly Thursday, according to sources familiar with the closure. Read More ». Stuart Chirls Friday, September 6, 2024.
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WEBCanada rail lockout ‘horrific’ for supply chain, carrier trade group head says. Trucking industry and logistics leaders said the lockout by Canada’s two largest railroads Thursday could create capacity crunches and rate spikes across the freight industry. Read More ». Thomas Wasson Thursday, August 22, 2024.
How big are the world’s largest ocean container ships?
WEBJan 14, 2023 · Twitter/X. LinkedIn. Taiwan-based Evergreen Marine in June launched the largest container ship ever built, the aptly named Ever Alot. The massive ship has a capacity of 24,004 twenty-foot equivalent units, just a little more than its slightly older sibling, the Ever Ace, launched in July 2021 and the …
Done deal: TFI completes UPS Freight acquisition
WEBApr 30, 2021 · TFI International has completed its $800 million acquisition of UPS Freight (), the Canadian trucking and logistics firm said Friday as it ushered in a new era as one of the largest less-than-truckload carriers in North America.It came three months after TFI and UPS announced the deal in January. It allows UPS to jettison the largely unprofitable LTL and dedicated truckload operation while ...
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 …
How many gallons of fuel does a container ship carry?
WEBJan 15, 2020 · Those ships are generally in the 8,000- to 14,000-TEU range. Ships in that size range can carry between 2.5 million and 3.5 million gallons of fuel. The amount of fuel actually be used on a sailing depends primarily on the ship’s speed. Most ship engines have been designed for top speeds ranging between 20 and 25 knots per hour, which is ...
Long Beach container backlog crosses red line as delays mount
WEBJul 11, 2022 · Long-dwelling containers pile up in Long Beach. Long Beach had 28,723 containers dwelling nine days or more as of Monday. That’s 9% higher than the total in late October. Sunday and Monday were the first days the number turned positive since the fee plan was announced. The number of long-dwelling containers jumped by 40% over the past 12 …
Uber Freight rolls out LTL offering, leverages BlueGrace network
WEBJul 15, 2021 · Uber Freight leverages the BlueGrace carrier network to offer LTL booking solutions. (Photo: Uber Freight) Uber Freight announced Thursday it has expanded into less-than-truckload freight. “Our vision is to become a one-stop shop for freight,” Michael Bailey, product manager for Uber Freight (NYSE:UBER), told FreightWaves.
Tidal wave of new container ships: 2023-24 deliveries to break …
WEBOct 5, 2022 · Historical delivery data from Clarksons shows that annual fleet growth averaged 970,000 TEUs in 2001-20. Deliveries in 2023-24 will be 2.6 times higher than that average. The previous single-year record for annual growth was 1.7 million TEUs in 2014, according to Clarksons data, well below what’s to come.