Midwest braces for snow, ice and coldest air of season so far

Travel impacts and power outages expected from Missouri to New England 

A major winter storm is forecast to impact the central Midwest up to the Northeast over the weekend, bringing bitterly cold temperatures, freezing rain, sleet and snow to states from Missouri to Maine.

Forecasters with the National Weather Service expect temperatures from Kentucky northward to dip into the teens with wind chills approaching zero to negatives. Precipitation will develop behind the cold front that will make...

https://www.freightwaves.com/news/midwest-braces-for-snow-ice-and-coldest-air-of-season-so-far

Tender rejection rates touch double digits briefly

This week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

This week’s Pricing Power Index is based on the following indicators:

Significan...

https://www.freightwaves.com/news/tender-rejection-rates-touch-double-digits-briefly

Carriers clawing back some pricing power

This week’s FreightWaves Supply Chain Pricing Power Index: 40 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

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https://www.freightwaves.com/news/carriers-clawing-back-some-pricing-power

Why the Panama Canal is so Important to Trump 

The Panama Canal, a marvel of engineering and a critical artery of global trade has once again become the center of geopolitical tension. President-elect Donald Trump has threatened to demand the canal’s return to U.S. control, citing concerns over its management and strategic importance to America.

Trump’s comments on his Truth Social platform underscore a growing unease about the canal’s operation and its significance for U.S. national security. “The Panama Canal is considered a VITAL National...

https://www.freightwaves.com/news/why-the-panama-canal-is-so-important-to-trump

FedEx’s divestiture of LTL business marks end of conglomerate era

FedEx’s decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers sought to provide comprehensive transportation solutions for their customers. This strategic shift reflects a changing landscape in the logistics industry and a return to core competencies for FedEx.

The journey began in the mid-1990s when FedEx acquired Viking Freight, a regional LTL carrier operating primarily in the Western United States. This move was soon followed by...

https://www.freightwaves.com/news/fedexs-divestiture-of-its-ltl-business-marks-the-end-of-the-conglomerate-era

Tender rejections soar to 8.36%, highest level since June 2022

Tender rejection rates have surged to 8.36%, marking the highest point since June 2022 and a massive one-week surge of 190 basis points. This is the sharpest increase in a single week since 2021, according to SONAR’s Outbound Tender Reject Index (OTRI.USA). 

Santa is bringing presents this year

The current uptick in tender rejections stands in stark contrast to the muted holiday seasons of the past two years. While a seasonal increase is typically expected as we approach the Christmas holiday,...

https://www.freightwaves.com/news/tender-rejections-soar-to-8-36-highest-level-since-june-2022

More challenging capacity conditions ahead of the holidays

This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

This week’s Pricing Power Index is based on the following indicators:

Volumes...

https://www.freightwaves.com/news/more-challenging-capacity-conditions-ahead-of-the-holidays

Trump opposes port automation due to ‘distress, hurt, and harm’ it causes workers

President-elect Donald J. Trump has taken a stand against port automation during contract talks between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX).

In a meeting with ILA President Harold Daggett, Trump argued that automation brings “distress, hurt, and harm” to workers, outweighing any financial benefits. His comments come as the ILA, representing 45,000 East and Gulf coast dockworkers, faces a strike deadline on January 15, 2025. The union opposes...

https://www.freightwaves.com/news/trump-opposes-port-automation-due-to-distress-hurt-and-harm-it-causes-workers

The home stretch: Volumes ease, spot rates retreat as year-end impacts yet to arrive

This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

window.googletag = window.googletag || {cmd: []};...

https://www.freightwaves.com/news/the-home-stretch-volumes-ease-spot-rates-retreat-as-year-end-impacts-yet-to-arrive

Is Thanksgiving going to disrupt the status quo?

This week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Last week’s FreightWaves Supply Chain Pricing Power Index: 35 (Shippers)

Three-month FreightWaves Supply Chain Pricing Power Index Outlook: 40 (Shippers)

The FreightWaves Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

This week’s Pricing Power Index is based on the following indicators:

Volumes...

https://www.freightwaves.com/news/is-thanksgiving-going-to-disrupt-the-status-quo