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Auctane reaches deal with Postal Service on shipping rates
Oct 19, 2022 · There have also been announcements in the past few months of combined services, such as joining Retail Ground and Parcel Select Ground products, in which parcels weighing up to 70 pounds are shipped with two- to five-day transit times, with First Class Package Service (FCPS) which covers shipments weighing up to 1 pound.Both services have similar time-in-transit windows.
#1 Logistics, Freight and Transportation News - FreightWaves
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Forward Air-Omni merger finally closes - FreightWaves
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.”
The freight broker transparency fight four years in the making
Dec 20, 2024 · “We’ve got a situation where hundreds of millions of dollars of freight is being stolen by fraudulent companies in the trucking market, the [National Highway Traffic Safety Administration] is telling us that truck crashes are up 10%, a majority of the trucks on the road go without a [safety] rating — it’s a complete failure by the FMCSA when it …
Feb 19, 2024 · carrier rate report 3 fig. list of figures (click to jump to figure/page.) 1 truckload spot rates compared to van contract rates 9 national outbound tender reject index across modes 5 average used truck prices from past 7 quarters 13 container atlas ocean teu volume index 19 primary drivers of trucking capacity in first half of 2024 21 freight sentiment indexes — carriers’ quarterly change ...
First wave of Yellow terminals will go for $1.9B; sale process ongoing
The court recently approved the sale of Yellow’s 12,000 tractors and 35,000 trailers through auction houses.That liquidation remains ongoing. The unwinding of Yellow’s estate is expected to generate proceeds greater than the $1.2 billion in debt held by secured lenders and the more than $200 million in bankruptcy financing provided by hedge funds.
Tariffs could reshape North American supply chains for autos, …
Dec 20, 2024 · Mexico’s National Auto Parts Industry, an organization that represents 700 auto parts makers in the country, predicts the automotive industry will produce $126.1 billion in goods in 2024, a signigicant increase compared to 2023, reported Mexico Business News.The U.S. accounts for over 40% of automotive parts exported from Mexico. For the week of Dec. 14, U.S. shipments of finished vehicles ...
FedEx to spin off LTL unit; lowers full-year guidance
Dec 19, 2024 · “A stand-alone FedEx Freight gives LTL investors another pure play“ Table: Key performance indicators – FedEx Freight. FedEx again lowered its outlook for fiscal 2025.