Covenant Logistics CEO sees trucking market rising in 2025
Nov 20, 2024 · Covenant Logistics Group co-founder and CEO David Parker predicts the trucking industry’s peak season will see positive growth this holiday season. “Last week started the first week of peak that will go until about Christmas, and peak, it shot up about 105% last week, and this week peak is growing even more,” Parker said.
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.
#1 Logistics, Freight and Transportation News - FreightWaves
4 days ago · RBX Inc. and its affiliate, Humper Equipment, of Strafford, Missouri, filed suit against Paccar Financial Inc. of Bellevue, Washington. They are asking a Missouri bankruptcy judge to force Paccar to turn over 28 Kenworth and Peterbilt tractors it repossessed in late November amid an ongoing engine performance dispute with the global commercial truck financing company and its subsidiary, Paccar ...
What to know about the ILA port strike - FreightWaves
Sep 30, 2024 · The situation could also prove a bane for businesses going into the busy holiday shopping season, though retailers have accelerated imports in recent months to prepare for this.Over 170 organizations representing a variety of industries impacted have called on the White House to bring both parties back to the negotiating table and avoid a strike.. One of those organizations, the Retail ...
Leading Trucking News - Award Winning - FreightWaves
Import volumes that rose directly after the election showed that Donald Trump would regain the presidency were concentrated especially heavily in California, according to KCH Transportation Director of Pricing Henry Byers in a discussion at FreightWaves’ 2024 …
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.”
2025 FreightTech 25 sees a shakeup as new companies surge in …
Nov 21, 2024 · FreightWaves unveiled the winners of its 2025 FreightTech 25 awards on Thursday, the final day of the F3: Future of Freight Festival. This was the seventh year the FreightTech 25 list has been announced, and, true to form, it was full of surprises.
Port strike ends as ILA, USMX agree on hefty wage hike, contract ...
Oct 3, 2024 · This story was updated at 7:57 a.m. Friday to include reporting of a Zoom meeting between Biden administration officials and port employers. The short-lived strike by dockworkers that shut down East and Gulf Coast ports came to an end late Thursday when the International Longshoremen’s Association and the United States Maritime Alliance announced they had come to a tentative agreement on ...
Forward Air talks Omni integration, silent on rumors it’s up for sale
Nov 4, 2024 · Management from Forward Air said the company remains focused on the integration of Omni Logistics and ironing out a marketing strategy that includes its legacy expedited less-than-truckload services with its acquired air and ocean freight forwarding business.During opening comments on a Monday evening call, management told analysts it would not comment on “rumors or speculation” that the ...
Kuehne+Nagel acquires majority share of US-based IMC Logistics
Nov 14, 2024 · Forwarder Kuehne+Nagel announced it has acquired a majority share of IMC Logistics, a U.S.-based provider of marine drayage services. Switzerland-based Kuehne+Nagel will acquire 51% of privately held IMC, which specializes in end-to-end transportation solutions to or from seaports or rail hubs, customer facilities and inland in the U.S.