Why Walmart pays its truck drivers 6 figures - FreightWaves
Jan 23, 2024 · Last year, Walmart announced another key pivot. The company said in January 2023, building on a pilot it launched the year before, that it would allow Walmart associates living in participating locations to apply to a 12-week CDL program.For perhaps the first time, a Walmart company driver doesn’t need years of experience to get …
Container shipping outlook 2024: Rising risk of delays, disruptions
Dec 7, 2023 · It’s not just about the Panama Canal. With the Suez Canal, there have been attacks on ships in the Red Sea, and on top of that, we have the ILA contract expiring at the end of next September [The International Longshoremen’s Association contract for East and Gulf Coast dockworkers]. FREIGHTWAVES: The ILA has specifically warned that it will strike on Oct. 1, 2024, if its demands aren’t met.
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.
Preparing for phase 2 of the Drug & Alcohol ... - FreightWaves
Sep 25, 2024 · There are currently over 175,000 CDL/CPL drivers with “prohibited” statuses in the Federal Motor Carrier Safety Administration’s Drug & Alcohol Clearinghouse. This will be a bigger problem for these drivers and their employers in the coming months. The FMCSA initially slated the Drug & Alcohol Clearinghouse regulation for a two-phase rollout.
#1 Logistics, Freight and Transportation News - FreightWaves
3 days ago · In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.
FreightWaves announces 2025 FreightTech 100 companies
Sep 23, 2024 · Related: See previous winners Methodology. The FreightTech 100 list is produced by a panel of journalists, analysts and experts chosen by FreightWaves. The voting form included more than 250 companies with information condensed from nearly 900 nominations.
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.”
Chorus of investors calling on Forward Air to consider a sale grows
Oct 7, 2024 · This story has been updated to include a statement from Forward Air. Alternative asset manager Alta Fox has called on the beleaguered board of Forward Air to engage in a formal sales process following the company’s contested merger with Omni Logistics earlier this year. Alta Fox joins other Forward shareholders in suggesting the best path for the company is to seek new ownership and management.
Convoy co-founder reflects on digital brokerage’s rise and fall
Nov 19, 2024 · Dan Lewis, co-founder and former CEO of Convoy Inc., discussed the rise and fall of the digital freight brokerage he helped create and the lessons he learned along the way on Tuesday at FreightWaves’ F3: Future of Freight Festival. Lewis, who spoke with FreightWaves CEO Craig Fuller during the annual event in Chattanooga, Tennessee, reflected on past decisions while at the helm of Convoy ...
Where ILA strike might go from here - FreightWaves
Sep 26, 2024 · Will the Biden administration renege? Last week in this newsletter, I discussed news that surprised me: The Biden administration reportedly had said it won’t invoke the Taft-Hartley Act to prevent or put an end to a strike by the International Longshoremen’s Association (ILA).I’m not sure I believe that, at least not if the strike lasts for an extended period.