? Highest-Value Exports by State
FreightCaviar
by Adriana Pulley
2h ago
Happy 1st Day of May. In today's main story, we are taking a look at the highest-value exports from each state. We also want to welcome our latest sponsor, TAB LLC. If you are exploring freight agent opportunities with an asset-backed company, check out their ad below for more information. ? Question of the Day: North Carolina exports $4.3 billion in _______ to China, more than any other product and one of the most long-distance trade flows of any state. Scroll to the bottom of our main story to find out. Today's newsletter is brought to you by TAB ..read more
Visit website
Werner Sees Light at the End of the Downcycle Tunnel
FreightCaviar
by Adriana Pulley
2h ago
Werner Enterprises (NASDAQ: WERN) believes the freight recession's end is near. Despite Q1 challenges like inclement weather and insurance costs, it expects seasonal recovery. Image Source: WernerKey Takeaways: Financial Performance: Q1 net income was $6.3 million, down from $35.2 million in 2023. Adjusted EPS was 14 cents, below expectations by 13 cents. Truckload (TL) Business: Truckload revenue fell 6% YoY to $551 million, and the adjusted operating ratio reached 95.3%. Cost Savings: Werner aims for $40 million in 2024 cost savings, reaching up to $90 million in total savings across 2023 ..read more
Visit website
Greenscreens.ai: Freight Rates in April 2024 Show Mixed Trends
FreightCaviar
by Adriana Pulley
2h ago
April brought surprises in the trucking market, especially with regional spot market rates. Here's what greenscreens.ai found: Key Takeaways: Rates Overview: Year-over-year, all three modes (van, reefer, flatbed) are still down. Flatbed Uptick: Flatbeds are showing early signs of their usual seasonal uptick. Regional Trends: The South West has seen an impressive +6.7% year-over-year increase in van and reefer rates, while the North West shows a modest -0.5% decline. Outlook: Price Trends: Van and reefer rates continue to trend downward as April ends, hinting at mid-single-digit drops from ..read more
Visit website
Freight Broker Basics: Getting Your Carriers Paid
FreightCaviar
by Adriana Pulley
1d ago
Trouble getting carriers paid correctly and on time? You’re not the only one. Many brokers are simply unaware of the various payment processing options available to them and may feel stuck with an option that just doesn’t fit their brokerages’ needs.  Let’s get down to the basics. We’re breaking down some of the most common payment choices and the benefits and drawbacks of each so you can make the best decision for your business.  Money Matters In freight, timely and correct payments to carriers are critical. They are vital to building solid and reliable relationships with the carri ..read more
Visit website
? Tornado Destroys Distribution Center
FreightCaviar
by Adriana Pulley
2d ago
Good morning, Monday. Tornadoes rampaged throughout the US this weekend. A video of a tornado damaging a Dollar Tree Distribution Center in Oklahoma City went viral yesterday. Luckily, nobody was hurt at the facility. Scroll below to click the link and see videos from this weekend's onslaught. Exciting news in today's edition of Greenscreens.ai Top Lane Movers—we're introducing reefer lanes. Discover which reefer lane prices are on the rise and which ones are cooling down below. ? Question of the Day: Saia's share price fell __% after its Q1 earnings report; however, the stock price is still ..read more
Visit website
The FreightCaviar Podcast: Berlin Tech Meets American Freight With Levity.AI Co-Founders
FreightCaviar
by Kaja Kusińska
2d ago
Today, we sat with CEO Gero Keil and CTO Thilo Huellmann of Levity.ai. Levity is a software company based in Berlin, Germany, specializing in AI-driven email automation solutions for freight. We discussed the impact of their technology on the freight industry, the future of AI, and the differences in business culture between Europe and the USA. Founding Journey We started off our conversation by exploring the path that led Gero and Thilo to work together. The two met while attending business school in Koblenz and bonded over their entrepreneurial skills. After finishing school, their paths di ..read more
Visit website
How the 2024 Elections Will Impact the Supply Chain
FreightCaviar
by Adriana Pulley
2d ago
The 2024 US elections are set to throw a curveball in the supply chain, particularly for cross-border dynamics and commodity flows. Here's what's shaking up the scene: Mexico's Trade Surge: Mexico edged out China as the top exporter to the US, with trade swelling to $798 billion. USMCA's Future: With a $152 billion trade imbalance, all eyes are on the USMCA's 2026 review, negotiated under Trump’s presidency. Stalled Senate Bill: A bipartisan border bill’s been benched, putting a pin in changes till post-election. China and Commodities The elections could also dial up the drama with China. S ..read more
Visit website
Summer Freight Forecast: Rates and Ripe Routes
FreightCaviar
by Adriana Pulley
2d ago
As summer rolls in, you've got to stay on top of what's moving where in the freight world. Here’s a reminder of what you need to watch (from Kay Jablonski, Trucker Tools CEO): Southern States: Produce season is buzzing. Heavy equipment flows in for upcoming projects. Central Plains & Lower Midwest: Barley and wheat shipments increase. More heavy equipment ships out. Upper Midwest: Heavy loads travel freely post-frost restrictions. California: Fresh produce and fireworks ship out for July 4 celebrations. Texas: Beef shipments rise with BBQ season. Nationwide: Household goods and recreatio ..read more
Visit website
Deadly Storms Hit Midwest, Tornado Rips Through Dollar Tree Distribution Center
FreightCaviar
by Adriana Pulley
2d ago
Over the weekend, a series of devastating tornadoes swept through the Oklahoma and Iowa regions, leaving destruction in their wake. Key Facts: Tornado Count: Over 20 tornadoes were confirmed, with several reaching EF-3 intensity. Casualties: At least five people died, including an infant. Damage Spread: Significant destruction in Sulphur and Marietta, Oklahoma. Continued Risk: Threats of further severe weather persisted into the following days across multiple states. Dollar Tree Distribution Center Damage Shocks Freight Community Image Source: Oklahoma News 4 The Dollar Tree Distribution Ce ..read more
Visit website
Top 10 Logistics Giants and Their Sustainability Goals
FreightCaviar
by Anthony Sundström
3d ago
Delivering Responsibility: Top 10 Logistics Giants and Their Push for Sustainability The logistics industry is the backbone of global trade and is taking responsibility for its environmental impact. Leading companies are setting ambitious sustainability goals to reduce their carbon footprint. Here's a look at the top 10 revenue-generating logistics companies and their efforts towards a greener future: United Parcel Service (UPS): Carbon neutral in all operations by 2050. Deutsche Post DHL Group (DHL): Net-zero emissions by 2050. FedEx Corporation (FedEx): Carbon neutral operations by 2040 ..read more
Visit website

Follow FreightCaviar on FeedSpot

Continue with Google
Continue with Apple
OR