Which services are shippers buying, and what does that say about the current supply chain landscape? Here are five trends based on shipper responses to our exclusive survey from 2016 to 2021.
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2021 Q3 Market Update
September 2021 Reading Time: 5 minutes Q3 MARKET UPDATE Stay informed about freight market conditions and other factors that can impact your supply chain. In this Market Update, we cover the following: Truckload, Less-Than-Truckload, Intermodal, and International (Ocean & Air). THIS ARTICLE COVERS • Tight capacity forecast through 2022 • Upward pressure on pricing for […]
MODE Global Announces Acquisition of RR&F Logistics
DALLAS, August 10, 2021 — MODE Global, LLC (“MODE Global” or the “Company”) announced it has completed the acquisition of RR&F Logistics (“RR&F”). RR&F, an agent of SUNTECKtts, is based out of Rochelle Park, NJ offering full-service transportation services throughout North America. Following the acquisition, MODE Global will now facilitate more than 1.5 million annual […]
Above-average hurricane season nearing peak months
2021 hurricane season outlook The Atlantic waters are heating up, and peak hurricane season is almost upon us. Carriers and shippers should be on alert this hurricane season, as tropical storm activity is expected to be above average. Between 1991 and 2020, the average number of named storms (tropical storms and hurricanes) per year was […]
Port Houston reopens terminals to truck traffic
Port Houston is reopening its two largest public container terminals to commercial trucks after closing them Tuesday due to a computer hardware failure. “Bayport and Barbours Cut Container Terminals are planning to open [Thursday] at 3 p.m. to truck traffic. Check back for another update soon about final gate operation decisions,” port officials tweeted Thursday. […]
FedEx Freight prunes 1,400 customers to protect service levels
FedEx Freight is immediately cutting service to about 1,400 less-than-truckload customers, affecting thousands of locations, in an effort to reduce terminal bottlenecks and shipping delays as unprecedented amounts of tonnage pour into the sector. The heavy trucking division of FedEx Corp. (NYSE: FDX) began notifying select manufacturers, retailers and logistics companies on Friday that it […]
MODE Q2 Market Update
Stay informed about freight market conditions and other factors that can impact your supply chain. In this Market Update, we cover the following: Truckload, Less-Than-Truckload, Intermodal and International (Ocean & Air). MARKET UPDATE OVERVIEW The Coronavirus (COVID-19) threw a level of uncertainty into 2020 for the transportation industry with ongoing constraints into 2021. Although our […]
How to Save Time and Money on Truck Tolls
More than 340 toll facilities operate in the U.S., generating billions of dollars every year. While much of this toll revenue comes from truck fleets, carriers can take a few simple steps to save time and reduce toll expenses. Between 2009 and 2018, the Consumer Price Index (the federal government’s primary gauge of inflation) increased […]
An-124 super freighter delivers machinery for US vaccine fill plant
A massive piece of machinery that can produce up to 30 million doses of COVID vaccine per month, and help alleviate production bottlenecks, landed Saturday at Chicago Rockford International Airport on a specialized cargo jet. The flight was operated by Russian all-cargo carrier Volga-Dnepr Airlines, Zachary Oakley, deputy director of operations and planning at the […]
DOT allots $1 billion in latest round of infrastructure grants
The U.S. Department of Transportation (DOT) is laying out $1 billion in the latest round of a competitive grant program that began in 2009 for freight projects. DOT published on Tuesday a Notice of Funding Opportunity to apply for money through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grants, a renaming of what […]
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