Port of Baltimore’s indefinite closure deals blow to city, state economy 
FreightWaves
by Noi Mahoney
13h ago
The collapse of the Francis Scott Key Bridge on Tuesday after it was struck by a container ship has disrupted the Port of Baltimore’s container shipping services, which will impact the economy of the city and beyond, analysts said. Six people are missing and presumed dead after the Singapore-flagged MV Dali slammed into the bridge in the early morning hours, sending debris into the Patapsco River that continues to block a large portion of the channel that leads into Baltimore’s harbor. The state of Maryland and the U.S. Department of Transportation announced the closure of the shipping lane t ..read more
Visit website
Yellow gets favored venue for hearing on $7.8B in pension liability claims
FreightWaves
by Todd Maiden
13h ago
A Delaware bankruptcy court ruled Wednesday that approximately $7.8 billion in pension withdrawal liability claims against bankrupt less-than-truckload carrier Yellow’s estate will remain under its jurisdiction and not be decided by arbitrators as numerous pension funds had sought. The court denied motions from the multiemployer pension plans (MEPPs) to which Yellow (OTC: YELLQ) contributed on behalf of its union employees. The motions sought to either compel arbitration or grant relief from an automatic stay so the pension funds could pursue arbitration. Following a bankruptcy filing, an aut ..read more
Visit website
End-to-end visibility changes the game for shippers, carriers
FreightWaves
by Ashley Coker Prince
16h ago
Companies across the supply chain have been laser-focused on improving their visibility options over the past several years. While most companies understand that visibility paves the way for increased efficiency and better coordination throughout the life cycle of a shipment, many leaders in the space do not yet have a solid understanding of partial versus complete visibility. Virtually all visibility solutions offer some level of value to users because they increase the amount of data available to decision-makers and stakeholders. Complete, end-to-end visibility solutions, however, change t ..read more
Visit website
B-1 drivers offer unique value proposition for cross-border carriers
FreightWaves
by Ashley Coker Prince
16h ago
Freight movements between the U.S. and Mexico continue to grow, and ongoing nearshoring efforts show no signs of slowing. As more goods move across the border, conversations between carriers and insurance providers regarding B-1 truck drivers from Mexico are happening more frequently. While B-1 truck drivers from Mexico are able to enter the U.S. to complete deliveries, cabotage laws greatly restrict their movements and activities within the country. When moving freight between Mexico and the U.S., these drivers are permitted to pick up a load in Mexico and drop it off in the U.S. They are t ..read more
Visit website
UPS to close 200 sort centers in modernization push
FreightWaves
by Eric Kulisch
16h ago
UPS says a projected rebound in parcel demand combined with an aggressive strategy for network consolidation and automation to reduce excess capacity and labor costs will drive double-digit profit margins by 2026. Up to 200 facilities are slated for closure over a five-year period. The optimization plan, code-named Network of the Future, is expected to save $3 billion per year by 2028 through better productivity, according to a new strategic framework outlined by management on Tuesday. The leadership team explained why it is targeting premium segments such as health care and small businesses ..read more
Visit website
Navigating change in the trucking industry
FreightWaves
by Sponsor
16h ago
Change is a constant in the transportation industry. Technological advancements, regulatory developments, environmental considerations and more require trucking businesses to continually adapt to an ever-evolving operational landscape. Staying informed is crucial to navigating change and thriving amid uncertainty. To that end, FreightWaves spoke to Sarah Wicker, VP of sales and marketing for telematics provider EROAD, about the challenges that trucking businesses are facing in 2024 and the solutions that are available to help them achieve success. FREIGHTWAVES: What’s the 2024 outlook for th ..read more
Visit website
Fleet electrification does not have to break the bank
FreightWaves
by Ashley Coker Prince
17h ago
Electrifying truck freight transport to meet regulatory requirements and voluntary sustainability goals can be expensive and time consuming. One California company has figured out a way to get it done faster and at less cost than once thought possible.  Sustainability is a hot topic across the logistics industry. In addition, freight movement has been identified as a major contributor to both greenhouse gas and criteria pollutants. Tapping into this dynamic, legislators across the nation have introduced a slew of rules and regulations aimed at reducing emissions caused by commercial tru ..read more
Visit website
Baltimore bridge strike aftermath; project44’s Jett McCandless; road tests – WTT
FreightWaves
by Timothy Dooner
19h ago
On Episode 698 of WHAT THE TRUCK?!?, Dooner is talking to project44 CEO and founder Jett McCandless about the bridge strike in Baltimore. What happens in the aftermath of the Francis Scott Key Bridge’s collapse? We’ll also look at what’s new with project44 and what 2024 holds for the visibility space. J.J. Keller’s Mark Schedler is talking about road tests and driver screening. We’ll find out how to filter out the bad apples and how to make sure you’re not putting your fleet and your clients at risk. Shell Rotella SuperRigs winner Theresa DeSantis talks about how she won the SuperRigs tit ..read more
Visit website
White Paper: How Do Shippers Plan to Navigate Current Air Cargo Conditions?
FreightWaves
by FreightWaves Staff
19h ago
Companies across sectors have struggled to find efficient, predictable and affordable transportation options over the past year. This is especially true for companies with a global footprint, as they often find themselves moving goods between continents. Many global shippers rely heavily on air cargo to move goods quickly. Recently, however, these companies have felt the pinch of rate fluctuations, leading to increased difficulty managing costs. During the same time frame, a lot of these companies also experienced a decreased level of airfreight schedule reliability and longer than expected t ..read more
Visit website
6 workers missing in Francis Scott Key Bridge collapse presumed dead
FreightWaves
by Brinley Hineman
19h ago
Editor’s note: This story was updated at 1 p.m. Wednesday to reflect new information. The six missing people who plunged into the water after the collapse of the Francis Scott Key Bridge are presumed dead. Authorities were working to recover their bodies Wednesday morning. The disaster occurred early Tuesday when the Dali, a Singapore-flagged ship, crashed into a piling around 1:30 a.m., bringing down the Baltimore bridge in seconds. A construction crew was filling potholes on the bridge when it tumbled into the Patapsco River. Two people were rescued by authorities, and one was in critical c ..read more
Visit website

Follow FreightWaves on FeedSpot

Continue with Google
Continue with Apple
OR