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.
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 …
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.
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.
#1 Logistics, Freight and Transportation News - FreightWaves
2 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.
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 ...
Forward Air retains investment bankers to sell company, sources say
Oct 17, 2024 · Investors were also concerned with a headline price tag of $3.2 billion, greater than Forward’s roughly $3 billion market cap at the time. The transaction also required Forward to assume Omni’s $1.4 billion in net debt and give its private equity backers – Ridgemont Equity Partners and EVE Partners – a 38% equity stake, which the …
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.
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 ...
What is well-to-wake emissions analysis? - FreightWaves
Jun 23, 2021 · Using a tank-to-wake approach could misrepresent the total climate and health impacts of shipping fuels. While carbon-neutral tank-to-wake fuels such as hydrogen produce zero tailpipe emissions, the way hydrogen is produced has a large impact on its life cycle emissions.