Plus: Feds probe fatal Florida crash tied to CDL failures, Trucking recession deeper than 2008 for some, Truckstop.com scoops up Denim for AI payments, and more.
FreightWaves contributor Adam Wingfield argues that trucking remains in a “Great Trucking Recession,” with suppressed rates, bankruptcies, and structural challenges hitting small carriers harder than 2008.
Truckstop.com acquired fintech firm Denim to expand AI-driven invoice automation and faster factoring options for carriers and brokers, aiming to improve cash flow and streamline back-office operations.
Global shipping markets face a late-summer mix of tight space, tariff uncertainty, and inland transport pressures.
South Korea is offering multi-billion-dollar investments in U.S. shipbuilding to avoid 25% tariffs, aligning with Washington’s push to counter China’s dominance in global shipbuilding.
Tariffs will resume Aug. 1 for nations lacking U.S. trade deals, escalating uncertainty for importers as unclear timelines continue to change.
Tensions in the Strait of Hormuz rise after U.S. strikes on Iran, threatening oil flows, diesel prices, and global freight shipping
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.
Ocean freight rates are rising due to supply constraints, route changes, and peak season prep. Here’s what’s driving the increases and what to expect next.
After a sharp increase, spot rates from the Far East to the US are declining, following the earlier pattern seen in Europe.
A strong start to 2024: LA and Long Beach ports see cargo boom in January.
Despite Red Sea tensions and canal hiccups, U.S. ports are pulling off some solid cargo numbers.
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