Page 7 - Freight Waves News Today

The supply chain just took another major hit from Hurricane Ian, which decimated numerous fairly populous areas of Southwest Florida where manufacturing, agriculture and distribution take place. [...]

Hurricane Ian is poised to become one of the most expensive hurricanes in U.S. history.

Wall Street's rosy projections for corporate profits are about to get a reality check — and the stock market could plunge by as much as 40%.

FedEx announced late Thursday that it will implement the largest general rate increase (GRI) in its history in 2023.

Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company. Factoring [...]

Severed phone lines, bureaucratic mismanagement, and desperately needed upgrades: The National Weather Service’s radio system is in trouble.

A trucker blockade that held up operations at the Port of Oakland for a week is resolved for now, though could return, as port officials promise they will “liaison” with Governor Newsom over the impact of independent contractor law AB5 on the trucking industry.

Will railroads have a long, hot summer?

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

When demand to transport cargo weakens, short-term rental rates decline for the ships that carry that cargo. When freight demand rises, lease rates rise. You can see this now in spot rates for supertankers moving crude oil from the Middle East and large bulkers moving iron ore to China (weak demand, low rates) and for ...