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.
Reelables introduces a groundbreaking 5G-enabled shipping label with built-in tracking, enhancing supply chain visibility and efficiency.
Reelables, a UK-based company, has developed the first shipping label embedded with a 5G tracking device. Launched in 2018 initially for freight forwarders, Reelables has now expanded into parcel delivery. Their technology allows users to print tracking labels on standard thermal barcode printers at scale. These innovative labels automatically collect location data from the cellular network, providing precise, real-time tracking without manual barcode scanning. The technology employs a thin-film manufacturing process with coated zinc batteries integrated into a paper-thin wireless circuit, differentiating it from conventional lithium battery-based trackers. This advancement is particularly beneficial for shipping time-sensitive, high-value goods, as it enhances supply chain visibility, reduces loss and theft, and increases accountability to customers.
Source: Freight Waves
A U.K.-based company said it has created the first shipping label embedded with a tracking device that’s connected to a 5G cellular network, enabling users to print tracking labels at scale from a standard thermal barcode printer.https://t.co/iYFeH443ui
— FreightWaves (@FreightWaves) December 5, 2023
Source: Freight Waves
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.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
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