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Wed Apr 13 07:11:02 CDT 2022

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Air cargo shippers scramble to mitigate Iran war impacts

Businesses are rushing to secure alternative airlift for cargo shipments and bracing for higher freight rates and surcharges from airlines as continued airspace and airport closures in the Middle East due to the Iran war constrain aircraft availability and force lengthy detours, effectively reducing available capacity. Even if the bombing were to end this weekend… Continue reading Air cargo shippers scramble to mitigate Iran war impacts

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Here’s where container rates will go in extended Iran war

As the U.S. threatens to escalate attacks against Iran, the shutdown of a key Persian Gulf shipping lane is causing congestion at regional ports that threatens to spread to the global supply chain. Now entering its second week, the undeclared war has hampered ports and vessel movements in the region as Iran effectively shuts down… Continue reading Here’s where container rates will go in extended Iran war

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Redwood Logistics acquires Laredo customs broker EELCO

Redwood Logistics has acquired EELCO, a Laredo, Texas-based customs brokerage and warehousing provider, a move aimed at strengthening Redwood’s cross-border logistics platform. The deal comes as cross-border supply chains between the U.S. and Mexico grow more complex due to nearshoring trends, evolving tariff policies and stricter trade compliance requirements.  “We’ve built a very strong cross-border presence over… Continue reading Redwood Logistics acquires Laredo customs broker EELCO

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The rise of ‘Vibe Coding’ and what that means for FreightTech

The era of software as a moat is over. The era of “vibe coding” has begun. To find out what that means for logistics, FreightWaves interviewed John Loser, co-founder and general partner of Floating Point Capital. For Floating Point Capital, an early-stage venture fund, the real opportunity lies in backing founders who can rebuild entire… Continue reading The rise of ‘Vibe Coding’ and what that means for FreightTech

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Fleet buying spree signals trucking down-cycle may be turning

North American fleets sharply increased orders for new heavy-duty trucks in February, signaling strengthening demand across the freight market. Preliminary data from FTR Transportation Intelligence shows Class 8 net orders totaled 47,200 units in February, up 47% from January and 159% year over year.  The figure represents the highest monthly order total since September 2022… Continue reading Fleet buying spree signals trucking down-cycle may be turning

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