Forward Air’s board rewarded for destroying shareholder value

By Satish Jindel

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

In 2023, Forward Air’s (NASDAQ: FWRD) stock traded at a high of $121 per share. Then the company announced an agreement to acquire Omni Logistics.

The press release had then-Chairman, President and CEO Tom Schmitt quoted as saying, “The combination of Omni with Forward creates a company positioned to achieve the full potential of our LTL business,...

https://www.freightwaves.com/news/forward-airs-board-rewarded-for-destroying-shareholder-value

Metallica’s eco-friendly tour and the future of sustainable trucking

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Remember “Fuel,” that iconic anthem by Metallica that celebrated the raw power of gasoline? I remember as I was rocking out to this song from the 1997 “Reload” album while I was in New Zealand driving an old beat-up Toyota van that was anything but sustainable.

Fast forward to 2024, and the band is taking a different approach, one that reflects a...

https://www.freightwaves.com/news/metallicas-eco-friendly-tour-and-the-future-of-sustainable-trucking

Extreme hurricane season could trigger ‘carrier revenge’

For the past two years, shippers have had enormous leverage in the freight market, as excess capacity has kept rates under significant pressure. Shippers, who suffered under the weight of sizable market stress during COVID have inflicted “shippers revenge” on motor carriers, something we were warned was coming back in August 2022. 

Truckload spot rates, when adjusted for inflation, have plummeted to lows not seen since 2009.

In the early part of the Great Freight Recession, contract rates stayed...

https://www.freightwaves.com/news/extreme-hurricane-season-could-trigger-carrier-revenge

Eliminate data silos and optimize shipping with strategic partnerships

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The ever-evolving world of supply chains throws constant challenges at shipping operations. Rising costs, complex customer demands and the need for agility all contribute to the pressure on logistics managers. These challenges can be faced head-on by new, powerful partnerships in the market.

Recently, I wrote about the surge of unified supply chain...

https://www.freightwaves.com/news/eliminate-data-silos-and-optimize-shipping-with-strategic-partnerships

Over the past decade, C.H. Robinson lost its moat to innovation and competition

C.H. Robinson (Nasdaq: CHRW), the largest trucking freight brokerage, is in a challenging spot that isn’t strictly due to the Great Freight Recession. Its stock is trading near the lows of the COVID lockdown (closing price on April 26 was $70.22; the COVID low was $63.91), with investors asking tough questions about the company’s long-term prospects. 

For three and a half decades, C.H. Robinson’s position was uncontested. It was in an enviable position — it had information and access to fleets...

https://www.freightwaves.com/news/over-the-past-decade-c-h-robinson-lost-its-moat-to-innovation-and-competition

Unifying middle and last mile can deliver a customer experience revolution

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

In the age of e-commerce dominance, customer expectations have skyrocketed. Fast, transparent and convenient delivery are no longer just perks; they have become baseline expectations. To meet these demands, businesses need to optimize every stage of the supply chain. Here’s where a crucial shift takes center stage: marrying the middle mile and the...

https://www.freightwaves.com/news/unifying-middle-and-last-mile-can-deliver-a-customer-experience-revolution

Ship we don’t talk about — contracts edition

By Alison Cusack

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

I wrote a tweet last year that said: “I want to start an underground fight club, but the twist is I teach you how to fight the ocean carriers with cool contracts. I think I’ll call it ‘ship we don’t talk about.’”

I want to start an underground fight club, but the twist is I teach you how to fight the ocean carriers with cool contracts.

I think...

https://www.freightwaves.com/news/ship-we-dont-talk-about-contracts-edition

Logistics is in dire need of data standardization

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The modern supply chain is a complex dance, with information flowing between numerous functions and disparate systems. Yet, all too often, this choreography is hampered by fragmented data trapped in silos, impeding visibility and hindering efficiency. To achieve true unification in the supply chain, a key factor emerges: data standardization. I...

https://www.freightwaves.com/news/logistics-is-in-dire-need-of-data-standardization

Railroads can prevent further derailments by looking at history

By Bart M. Schwartz, chairman of Guidepost Solutions

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

There are approximately three railroad incidents in the United States each day. Some are fatal and otherwise more destructive than others.

In early March, a Norfolk Southern train derailed, with two cars landing in the Hoosic River in New York. In February 2023 — just over a year ago — a Norfolk Southern train...

https://www.freightwaves.com/news/railroads-can-prevent-further-derailments-by-looking-at-history

Why data standardization is key to streamlined logistics

Bart

By Bart De Muynck

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Recently I wrote about the role of unified supply chain platforms, which enable convergence and help companies navigate the complex global market. The reality is that to streamline the supply chain, it requires not just unification of the technologies used and standardization of process, but also data standardization. Data plays a starring role,...

https://www.freightwaves.com/news/why-data-standardization-is-key-to-streamlined-logistics

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon