FreightWaves

FreightWaves delivers insightful articles and editorial content that highlight the economic and technological advancements shaping the freight transportation industry. Each piece centers around the effects—positive or negative—of new technologies and innovations on the economy and the ongoing changes within the freight sector.

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Los Angeles police recover over $3.9M in stolen cargo

7 hours ago | freightwaves.com | Caleb Revill

Two men have been arrested on suspicion they were part of a criminal enterprise to steal, move and sell stolen cargo in the Los Angeles area valued at over $3.9 million. Detectives from the Los Angeles Police Department’s Cargo Theft Unit partnered with the Los Angeles Port Police, Union Pacific Police Department and the Los Angeles World Airport Police to make the arrests, according to a news release Tuesday by the LAPD.
Combating freight fraud with certificates of insurance

2 days ago | freightwaves.com | Mary O'Connell

Key strategies for combating fraud involve certificates of insurance for supply chain partners. In an industry that moves billions of dollars of goods annually, freight fraud has become increasingly concerning for supply chain professionals. Recent data from the Transportation Intermediaries Association (TIA) “State of Fraud in the Industry 2024 Report” sheds light on the alarming trends and impacts of fraudulent activities in the freight sector.
DHL temporarily suspends B2C shipments over $800 to US

6 days ago | freightwaves.com | Eric Kulisch

Integrated logistics company DHL on Monday will temporarily suspend e-commerce shipments to individuals in the United States when the declared customs value exceeds $800 because import specialists are overwhelmed filing extra documentation after U.S. customs authorities lowered the threshold for filing an informal entry.
Mack Trucks plans layoffs at Pennsylvania, Maryland factories

1 week ago | freightwaves.com | Noi Mahoney

Mack Trucks said Thursday it will lay off up to 450 workers at factories in Pennsylvania and Maryland due to the impact of tariffs and other economic factors. The layoffs at the Lehigh Valley Operations in Lower Macungie Township, Pennsylvania, will be conducted over the next 90 days. Mack Trucks will lay off up to 100 workers from a factory in Hagerstown, Maryland, by May 2, according to News Talk 1037FM.
Mexico remains top US trade partner, Laredo No. 3 gateway

1 week ago | freightwaves.com | Noi Mahoney

Mexico was the United States’ top trade partner in February, with two-way commerce totaling $68.4 billion, according to the latest data from the U.S. Census Bureau. Trade between the U.S. and Mexico during February was a 2% year-over-year increase compared to the same month in 2024. Canada was the second ranked U.S. commerce partner with $63.2 billion during February, a 2% year-over-year increase compared to 2024.
Fear and loathing for truckload earnings

1 week ago | freightwaves.com | Thomas Wasson

Marten reports a Q1 slump as operating ratio deteriorates(Photo: Jim Allen/FreightWaves)Q1 earnings season is upon us, with early results pointing to continued degradation in truckload carriers’ financial health. Wisconsin-based Marten Transport released its Q1 earnings on Wednesday, but with publicly traded companies timing is everything.
Fictiv acquired for $350M by Japanese components supplier

1 week ago | freightwaves.com | Noi Mahoney

San Francisco-based Fictiv has been acquired by Misumi Group Inc. in an all-cash deal worth $350 million. The acquisition will help Misumi Group expand its digital services and expand its customer base, officials said. Tokyo-based Misumi Group is one of the largest global industrial suppliers of off-the-shelf manufacturing components. The company has 22 manufacturing sites and 20 logistics facilities around the world, producing and distributing industrial supplies to 318,000 global companies.
UPS white paper casts shade on e-commerce gig delivery providers

1 week ago | freightwaves.com | Eric Kulisch

As traditional parcel carriers face rising competition from an increasingly diverse array of carriers, UPS has published a white paper aimed at discrediting last-mile delivery companies that utilize gig drivers even though it owns a crowdsourced delivery platform. Not discussed is the possibility that shippers are looking for delivery alternatives because of frustration over the size and frequency of rate increases from FedEx and UPS.
Parcel Freight News | FreightWaves

1 week ago | freightwaves.com | Eric Kulisch |Caleb Revill |Todd Maiden |John Kingston

Stay Up to Date on the Parcel IndustryUnlike freight shipping, which moves goods in large quantities (whole truckloads or shipping containers, for example), parcel shipping moves individual goods essentially one at a time (usually by truck or plane). While both focus on the movement of goods, transportation methods, level of service, and cost can be very different between the two services.
Family-owned Florida trucking company closing

1 week ago | freightwaves.com | Caleb Revill

A family-owned and -operated Florida trucking company has announced it will close after 44 years in business. Davis Express, located in Starke, Florida, will stop making deliveries after April 23. In an announcement posted Wednesday to the company’s Facebook page, owner James “Jimmy” Davis said the company would return all trucks and trailers to its Starke terminal by the end of the month.