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đźš› Drop It Like It's Hot
Happy Hump Day. Georgia-based Big J Express has thrown in the towel and filed for Chapter 7 bankruptcy. Meanwhile, DAT
Supply Chain
Rising Frozen Food Demand Strains Cold Storage Chains
Growing demand for frozen food puts pressure on cold storage supply chains.
Freight Market
J.B. Hunt's Q2 Earnings Miss Amid Soft Demand
J.B. Hunt reports Q2 earnings, impacted by weaker demand, with uncertainty around 2023 peak shipping season.
Weather
Record-Breaking Heatwave In Phoenix, Arizona
Phoenix sets a new high-temperature record, with persistent heatwaves.
International
Russia Halts Ukraine's Grain Export
Russia suspends Ukraine's grain export deal, exacerbating global food crisis amid growing hunger.
Trucking
Annual Truck Tonnage Declines 0.8% in June, ATA Reports
ATA's For-Hire Truck Tonnage Index shows a 0.8% YoY dip in truck tonnage for June, despite a month-to-month rise. Freight market remains in a down cycle.
Trucking
Yellow Defers Payments, Risking Impending Teamsters Strike
Yellow Corp. defers contributions, risking a Teamsters strike. The move is an attempt to conserve liquidity while securing additional financing.
BCMEA Labor Deal Falls Through, Strike Resumes
Port labor deal collapses in British Columbia as ILWU rejects the agreement, resuming strike activity and impacting US rail imports.
Freight Tech
Truckstop Acquires FreightFriend for Optimized Freight Matching
Truckstop acquires FreightFriend, utilizing AI to enhance freight matching activities and empower brokers and carriers with streamlined operations.
Air Freight
UPS Pilots Refuse to Cross Picket Lines
UPS pilots pledge solidarity with Teamsters, promising to halt flights if a strike occurs. The move puts UPS's labor costs and customer relationships at risk.
Freight Market
Beverage Season 2023: Market Trends & Freight Volume Growth
Exploring 2023 beverage season's impact on freight volumes, consumption trends, inventory management, and carrier challenges. See how beverage consumption shifts are driving the logistics industry.
Trucking
Yellow Corp Faces Strike Threat Over Missed Pension Contributions
Yellow Corp has failed to meet health and welfare and pension fund contributions of over $50M, potentially triggering a strike. Source: FreightWaves.