In recent news, a significant surge in container shipments from China to Mexico has been observed. According to data from the global freight rate intelligence platform, Xeneta, China-based shippers moved 117,000 twenty-foot equivalent units (TEUs) to Mexico in January, marking a nearly 60% year-over-year increase. A Shift in Trade Dynamics This surge is not just…
The Biden administration has recently unveiled a comprehensive plan to revolutionize the freight industry by deploying battery-charging and hydrogen-refueling stations for electric trucks3. This initiative, known as the National Zero-Emission Freight Corridor Strategy, is a four-phase plan spanning 16 years3. Aiming for Zero Emissions The strategy aligns with the administration’s goal to promote at least…
The freight transportation landscape is on the brink of a significant shift with the introduction of the Modernizing Operations for Vehicles in Emergencies (MOVE) Act. This legislation, introduced by U.S. Representatives Dusty Johnson and Jim Costa, aims to give states more flexibility to waive truck weight limits, particularly during emergencies. The MOVE Act: An Overview …
The freight industry has been on a wild ride, with rates fluctuating like a rollercoaster. But is the trend about to change? Let’s dive into the data and explore what might be ahead. The Post-Pandemic Pricing Trend FreightWaves recently analyzed the past six years of dry van contract rates (VCRPM1) and van tender rejection rates…
Cargo fraud has been on a steep upward trajectory since mid-2022. Almost 700 theft incidents were reported across the U.S. during the third quarter of 2023. This number represents a 59% increase over the same quarter last year, according to CargoNet. Types of cargo fraud All types of cargo fraud are on the rise. Experts…
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