The National Transportation Safety Board said a proper risk assessment by the state of Maryland may have avoided the deadly Key Bridge collapse in 2024, and the agency warned that dozens of other bridges are at similar risk throughout the United States.
The warning comes as part of the NTSB’s ongoing investigation into the March 2024 allision of the containership Dali with the Francis Scott Key Bridge in Baltimore, which killed six road workers.
In a new report, the NTSB said it conducted a...
In February, trade passing through the Port of Long Beach, California, experienced significant growth, marking the ninth consecutive month of increased cargo movement, and corresponding with retailers’ strategic efforts to move goods in advance of anticipated tariffs.
Volume totaled 765,385 twenty-foot equivalent units, reflecting a 13.4% increase from February of the previous year. Imports surged by 11.8% to 368,669 TEUs, while exports saw a 2.9% rise to 90,026 TEUs. Meanwhile, the movement of...
German shipping giant Hapag-Lloyd has released its financial results for 2024, revealing a complex picture of growth and challenges across its business segments.
While liner transport volume rose to 12.5 million twenty-foot equivalent units, up from 11.9 million TEUs, average freight rates declined to $1,492 from $1,500 per TEU in 2023. This combination resulted in segment revenue of $20.3 billion, up from $19.2 billion in 2023. However, profitability metrics showed mixed results, with earnings...
https://www.freightwaves.com/news/hapag-lloyd-sees-mixed-earnings-in-2024
Equity Transportation Co. Inc., a Walker, Michigan-based trucking company, has ceased operations, marking another casualty of the freight market. Multiple sources close to the company confirmed with FreightWaves that the company has shut down, letting go of all of its drivers and halting operations of its vehicles.
According to reports on Facebook, drivers are still waiting to hear about their final wages, while some have dealt with recent bounced checks.
Equity Transportation has yet to make a...
https://www.freightwaves.com/news/reports-51-year-old-michigan-trucking-company-halts-operations
Integration platform Orderful recently released its “2025 Carrier Performance Trends” report, offering an analysis of trucking industry trends based on the company’s electronic data interchange transactions.
“Trucking has faced historic challenges in recent years, but our latest EDI data signals a turning point. While signs of recovery are promising, the data also highlights ongoing risks around market concentration and seasonal volatility,” Erik Kiser, founder and CEO of Orderful, explained in...
Celebrating its 25th anniversary this year, the World Trade Bridge has been a cornerstone of North American trade. Since its construction, the bridge has significantly enhanced the speed and efficiency of cross-border commerce.
Kent Richard, interim bridge director for the City of Laredo, sat down with Timothy Dooner and shared insights about Laredo’s thriving logistics industry and ambitious infrastructure plans.
“The greatest contribution of the World Trade Bridge lies in streamlining the...
A recent nationwide survey by Flock Safety and Zencity reveals a significant shift in consumer behavior due to escalating concerns over organized retail crime. Approximately one-third of consumers see crime at retail locations as a serious issue, prompting many to alter their shopping habits.
The survey highlights that 58% of shoppers now prefer online shopping to avoid potential in-store crime incidents. Furthermore, among those who have witnessed retail crime firsthand, 63% are more inclined...
https://www.freightwaves.com/news/shoppers-fearful-of-crime-at-retail-locations
RueData has closed a seed financing round to continue serving over 40,000 vehicles, with plans to use the investment to accelerate adoption of its tire management platform, scale operations and continue innovating its AI-driven fleet optimization solutions for trucking fleets. The round was led by Valor Ventures with participation from Decelera Ventures, Idea Foundry and industry angel investors.
For RueData founder and CEO Sebastian Baquero, the funding, announced Thursday at SXSW in Austin,...
https://www.freightwaves.com/news/ruedata-secures-seed-round-for-tire-optimization-platform
En un mercado de carga turbulento, la necesidad de estrategias de adquisición basadas en datos nunca ha sido mayor. Para abordar esta creciente demanda, Project44 dio a conocer su análisis de adquisición de carga solución el lunes en asociación con la plataforma de inteligencia de mercado de carga...
In a turbulent freight market, the need for data-driven procurement strategies has never been greater. To address this growing demand, project44 unveiled its Freight Procurement Analytics solution on Monday in partnership with real-time freight market intelligence platform SONAR. The partnership provides shippers with contract benchmarking, procurement optimization and visibility into carrier rates.
Addressing procurement challenges with datahttps://www.freightwaves.com/news/sonar-partners-with-project44-on-new-procurement-analytics-tool