Plus, a Chicago-based freight broker boasts about making $215k in one day, Lineage Logistics hits it big with an $18 billion IPO, the latest on the Ocean's 11-style freight heist, and more.
We took the opportunity to ask our Instagram followers about their best days as freight brokers. Here are some of their responses...
Heartland Express, Covenant Logistics, and Knight-Swift Q2 earnings show mixed results, debt reduction, and market stabilization signs.
A cargo ship in the North Sea, carrying over 3,500 vehicles, including nearly 500 electric vehicles (EVs), has been ablaze for days, leading to the death of a crew member and uncertainty about the fate of the vessel. The Freemantle Highway was en route from Germany to Egypt when the fire started, the cause of which remains unclear although there are unconfirmed reports it originated in an EV battery. The crew was evacuated, some sustaining injuries, and efforts are ongoing to prevent the ship from sinking near an essential migratory bird habitat.
Source: CBS News
Major fire on board of car carrier FREMANTLE HIGHWAY off Dutch coast. The ship with 2857 cars on board, including 25 EV, left Bremerhaven bound for Egypt, fire erupted at around 2130 UTC Jul 25.
— Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴☠️ (@mercoglianos) July 26, 2023
1 crew member died, some 16 crew are treated in hospital.
https://t.co/lio1G0YMS0
The Port of Los Angeles processed 752,893 20-foot equivalent units for the month of May. A 3% decline from the 779,140 moved around this time a year ago.
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
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