People use the term “contract rate” in trucking and think that it is binding. It is not. In reality, it just means a prenegotiated rate both parties have the right to reject at the time of the tender.

There has never been more attention paid to freight transportation than what we are experiencing now. And like the Wall Street Bets crowd on Reddit, our industry loves talking about […]

Since we compete, as a policy, we no longer cover anything (good or bad) about DAT. They only get a passing comment if they are involved in an external news item where they are not directly related.

Craig Fuller explains why supply chains are so messed up!

Supply chains work best when they have predictability. One of the biggest risks caused by climate change is how unpredictable everything becomes. Sourcing, infrastructure and transportation will all require more […]

After careful consideration and input from numerous sources, we can’t in good faith host the in-person event knowing the risk this virus poses.

Will Hurricane Ida impact freight contracts? Will carriers move from shippers’ contracted freight to the spot market?

The chaos of the past 18 months will usher in new investments in supply chain technology

FreightWaves CEO Craig Fuller writes about FreightWaves, as well as transportation today and moving forward.

Craig Fuller reasons that if “project44 is the Visa of the industrial world, then having the greatest acceptance and connectivity will be a major differentiating factor.”

Supply chain tech investment is at a record peak, with over $52B invested in 2020 alone, up 2500% since the start of the decade.

Putting on a virtual event is a complex and difficult process. FreightWaves CEO Craig Fuller provides an overview of what went into putting on the recent FreightWaves LIVE @HOME, a three-day virtual event that raised the bar.

The logistics industry is the “always responder,” assisting society in preparations during the onset of a crisis, delivering goods during the crisis, and helping to rebuild and restock after everyone else is gone. Logistics professionals will sacrifice time with family and even put themselves in harm’s way to ensure that people have access to the necessary resources for survival and comfort.

More than 2000 C-level executives were projected to attend FreightWaves LIVE ATL. The event has now been moved to a virtual experience.

FreightWaves SONAR can help those in the freight industry stay current with what is happening in transportation and logistics during the coronavirus pandemic.

The logistics professionals, shippers, warehouse operators, dispatchers, brokers, and most importantly, truck drivers step up and provide an orchestrated effort to ensure the safety and well being of our country.

FreightWaves CEO Craig Fuller writes about FreightWaves third birthday, and the company’s past, present and future.

Private equity funds have a poor track record in buying asset-based trucking operators.

Private equity funds have a poor track record in buying asset-based trucking operators.

This is part of our ongoing weekly feature called the “Online Haul of Fame.”  FreightWaves will feature companies that have had a lasting impact on the trucking industry, past or […]

Burlington Motor Carriers, started as a division of Burlington Northern, the railroad.

Known on northeastern highways for its iconic orange and white trucks, Preston 151 was founded in 1932 in the Chesapeake Bay area of the United States. The company was started […]

Earlier this month, the CEO of XPO (NYSE:XPO), Brad Jacobs, announced that he intended divest operating units of XPO in an effort to maximize shareholder value. One thing was clear, however. Jacobs intended to hold onto the less-than-truckload (LTL) operations of XPO that were formerly known as Con-way. As part of our Online Haul of Fame Series, here is a look back at the history of Con-way.

FreightWaves CEO Craig Fuller writes about methods to lower diesel fuel expenses for large and small trucking companies.

Fuel is the second-largest expense for trucking fleets, after labor. Every penny a fleet saves on fuel goes directly to the bottom line. Predicting where wholesale rack diesel prices will go has always been tricky. SONAR, FreightWaves’ forecasting platform introduces next day wholesale rack ULSD predictive prices.

Jevic Transportation was founded in 1981 in Delano, New Jersey by Karen and Harry Muhlschlegel. The Jevic name was a combination of the names of the three Muhlschlegel children. Founding a trucking company just one year after deregulation was ambitious, but the gamble proved profitable. Jevic enjoyed prosperity throughout the 1980s and the early 1990s.

McLean Trucking is one of the pioneers of the less-than-truckload (LTL) trucking industry. The company’s founder eventually became one of the pioneers of the global logistics and trade industry.

Introducing AskWaves, a place to search for answers in the logistics, transportation and the supply chain industry. With AskWaves, you can ask the FreightWaves team of experts and journalists anything about transportation, logistics, supply chain or freight and they will attempt to answer your question in a future article.

If you had to name one of the most influential companies in trucking history, Consolidated Freightways (CF) would be near the top. While the trucking company, CF is no longer with us, the legacy of CF lives on through the companies it spun off, including Freightliner, CNF (which became part of XPO) and Purolator International.

If you are planning to create a freight brokerage, here is a basic checklist you can use to get started.

The flatbed and oil field service carrier was subject to a class action lawsuit for not paying overtime.

The carrier operated in two markets that have suffered in 2019: flatbed and oil service.

The 2020 version of the Roaring Twenties will be drastically different for society and freight than the decade that kicked off in 1920. We take a look back at what life and freight were like in those days.

FreightWaves founder and CEO Craig Fuller writes about the issues the trucking industry dealt with in 2019 and what is ahead in 2020.

Builder’s Transport was once the second largest truckload carrier in the U.S. In 1998 it filed bankruptcy and was then acquired by Schneider National.

This tour seeks to preserve the history of several of these companies that paved the way for today’s trucking industry. The legacy of these companies has provided the foundation for the industry as we know it.

Truckstop.com reported that the company is making progress in bringing operations back online.

The waterfall theory of freight governs how freight will be routed

SONAR has become the leading analytics and forecasting platform for the freight market, giving users the ability to forecast dry van, reefer, and flatbed market rates and demand.

Truckstop describes the efforts it has taken to mitigate the spread of the malware attack that has crippled the company

Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface, it sounds like Chapter 11 […]

FreightTech venture investing is red hot right now, with the industry attracting more capital than ever. Will this end?

Truckstop eases load-matching process with voice-recognition technology.

The company employed 540 drivers and was Camping World’s primary delivery service for RVs

List of titles that founders in the FreightTech revolution should consider

Cold Carriers was formed when KJM equity consolidated Gantt, Sunco, and Interide into a single operating portfolio.

SONAR tracks 30,000 Twitter accounts and 700 terms to look for market risks, developments, and breaking news.

At FreightWaves, we are trying to do our part by bringing transparency and commentary to market issues, including climate footprints, sustainability, and innovation.

As Chief Strategy Officer, Engstrom will oversee the proprietary research, market expert, and enterprise engagement efforts of FreightWaves.

Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, […]

FreightWaves has become the number one source of data and market insights in freight for one reason: our people.

There isn’t a driver shortage. In fact, there is a glut of capacity on the road, and not enough freight to haul.

FreightTech venture investing is super hot, but most of these startups continue to lose money. Is this a fad or something else?  Last year, FreightWaves created a FreightTech Venture Index […]

Editor’s note: This story was updated to reflect that the company’s CEO says he is working to bring drivers home. HVH transportation, a 344-unit trucking company, has abruptly shut down. […]

The trucking apocalypse is upon us, and it has taken its latest victim. This time, it’s a 40-year-old carrier out of California. Timmerman Starlite Trucking Inc. of Ceres, California, announced […]

Less than truckload carrier LME has suddenly closed its doors.

Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.

With the passage of time and the context it brings, anyone can point to the moment before markets crashed over the last 100 years and say, “see, the signs were there, how did we not see it?”

FreightWaves CEO Craig Fuller assesses current conditions impacting trucking and outlines what is ahead for the industry.

A recent article in Landline Magazine suggested that Truckstop.com’s new VC partner could merge the load board with Convoy or Uber Freight. This is unlikely to happen.

Ben Murphy spent his life using data and technology to push trucking—the industry he loved—into the future.

As the residents on the East Coast prepare for the potential of the largest storm to hit the coast in two decades, logistics professionals should prepare for the disruption it will mean to their networks

As the residents on the East Coast prepare for the potential of the largest storm to hit the coast in two decades, logistics professionals should prepare for the disruption it will mean to their networks

There will be a West Coast gold rush for trucking spot rates. SONAR data is suggesting that trucking spot rates will surge out of Los Angeles, reaching new highs.

In December 2017, XPO was considered an acquisition target by Amazon and Home Depot. We argue that there is a much better fit with this massive and storied trucking operation.

FloraHolland is the world’s largest flower market, creating liquidity for flower growers all over the world.

Technology is set to up-end three of the largest industries that truckers ship for: Retail, auto, and agriculture. All three are under attack from technology forces.

FreightWaves visited the completely automated APM Container Terminal at the Port of Rotterdam, which is faster, safer, and doesn’t lose boxes like a human-staffed terminal.

FreightWaves was the winner of Steve Case’s Rise of the Rest pitch competition that recognizes startups that are out of traditional venture cities. The company plans to use the investment to promote growth and development of the people of Chattanooga.

Every new regulatory regime—whether it’s deregulation, the introduction of hours of service, or the ELD mandate—prompts a fresh wave of creative destruction. Some business models thrive, while others go extinct.

Orders for new Class 8 trucks are surging, but used truck prices and workforce growth are weak, suggesting that overall trucking capacity is staying flat.

One year after launch, FreightWaves takes the top spot for news in the freight and logistics industry according to Amazon’s Alexa.

Our data scientists have revealed the relationship between tender/pick-up lead times, spot rate margins, and volatility in the freight markets.

Our data scientists have revealed the relationship between tender/pick-up lead times, spot rate margins, and volatility in the freight markets.

Trying to wrap your head around blockchain is not easy. No fear- we use college basketball to explain it. 

Last Friday, the Blockchain in Transport Alliance (BiTA) decided to keep its standards intellectual property open, to encourage ease of adoption. 

Craig Fuller, Managing Director of BiTA, says that blockchain-enabled smart contracts will facilitate more detailed, specialized transactions without the high fees of credit cards.

Truckers in the U.S. deserve better pay, but despite what many think, it’s not the fault of the carriers that they are not getting it. The system is broke and needs to be overhauled. 

“Uberization” has become a huge buzzword in the 3PL industry, but the business models of the digital brokers using apps is unlikely to have an impact on the way the industry operates. The technology of smart contracts, however, is a game-changer. 

With the introduction of smart insurance contracts in transportation applications, companies in the freight business could emulate a similar offering to solve some of the major disruption risks involved in carrier service failures. 

There are certain practices in trucking that are not above board and cause a lot of strain on the companies in the space. Will the implementation of blockchain smart contracts, these practices could be ended, ushering in transparency and fairness for all involved. 

Over the past few days, we have received a large number of inbound requests asking for thoughts on Irma and what fleets can expect. Whenever a major hurricane strikes, logistics relief efforts follow a similar process.

FEMA disaster relief logistics highlights the need for blockchain implementation. Blockchain is an emerging technology that promises to bring transparency and visibility to transactions.