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million, was stolen, discovered missing during a pre-trip inspection at a Love’s Travel Stop in Bennett, Colorado. This major gaming hardware heist highlights the vulnerability of high-value cargo. Rising Cargo Theft Cargo theft surged 27% in 2024, with 3,625 incidents averaging $202,364, per Verisk CargoNet.
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). Colorado also adopted the rule but will have a heavy duty truck provision begin in 2027.
Colorado State University (CSU) forecasts 23 storms, 11 hurricanes, and 5 major hurricanes—the highest prediction they have ever issued. Flooded or closed roadways, bridges, and overpasses can delay freight, rail, and even air cargo. For example, during Hurricane Harvey in 2017, the total trucking freight load fell by 10%.
The ocean freight industry suddenly lost one of the top ten players when Hanjin Shipping Co. Hanjin's exit strands 89 ships worldwide containing some $14 billion worth of cargo, much of which was headed to the U.S. That means higher volumes, and likely higher freight rates, just when weather starts to turn ugly.
freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. freight, logistics and parcel movement industry. percent drop in cargo volumes.
DENVER – Southwest Airlines on Thursday unveiled a new cargo facility at Denver International Airport that more than doubles throughput capacity and triples the amount of cooler space for refrigerated products to support growing demand for airfreight service in the metropolitan area. We carry about 50% more bags than most airlines.
This Saturday, Chris and I are heading to Colorado Springs for SMC3’s Connections 2024 Conference. The weekly Freight Forward LinkedIn newsletter will continue as well as the weekly updates. If you no longer wish to receive posts from me, go ahead and unsubscribe here on Substack. Upcoming That’s about it for now.
Uber Freight: Another “Uber-for-Trucking”? After news broke last month that Uber was unleashing a trucking offering, it came as no surprise when it launched Uber Freight , an online trucking marketplace for US LTL. Load-matching technology (even the Uber For Freight model) isn’t new. That’s a lot of freight. Cargo Chief.
Part of this decrease may be attributed to temporary declining freight volumes as regions in Asia continue to deal with COVID-19 related suspensions of production, shipping or transport operations. In February, a new Stage I Measure was introduced, which tracks that average period from cargo ready to origin port departure.
We’ve talked about the truck driver shortage and its potential to disrupt domestic freight shipping—fewer people are choosing to become truck drivers, leading to a serious dip in trucking capacity over the course of just a few years. of all freight revenue will be done through mobile brokering by 2025.
We aren’t fortune tellers at FreightCenter, but we have been in the logistics business long enough to predict what you’re about to ask: H ow much is the cost of freight to (insert destination) ? We’ll break it down and give you an idea of what’s involved in calculating freight cost wherever you’re shipping. Classification.
Same-day delivery is not currently available in Alaska, Colorado, Iowa, Maine, North Dakota, South Dakota, Utah, Vermont, West Virginia and Wyoming, and delivery of orders containing alcohol is currently limited to select stores in Illinois and Florida. The largest U.S. This year, Union Pacific Corp.
Looking to move past the obstacles holding your freight business back? Heck with their rafting capabilities they wouldn’t even need to worry about the line ups at the Port, the trucks could just band together and float out to the Ocean freighter and get the cargo.
Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November in a show of support for Palestinian Islamist group Hamas fighting Israel in Gaza. And now on to this week’s logistics news. Plug Power also sells what it calls hydrogen engines that can fit into existing electric fork trucks.
In 2024, cargo theft incidents surged to 3,625 across North America, a 27% year-over-year increase, with losses exceeding $455 million and an average loss per theft of $202,364. The economic toll of cargo theft alone is estimated at $15–$35 billion annually, disrupting supply chains and inflating costs for businesses and consumers.
The cargo was bagged potato chips. But Hermiston is a dead zone for freight, and I had just deadheaded 200 miles to get there from Prineville, another dead zone. I wanted nothing more than to be done with this nightmare load, so I found unrestricted back roads on my map and headed down into Colorado.
SUBSTITUTED SERVICE (ALTERNATE PORT SERVICE) This provision shall govern the transfer of cargo by trucking or other means of transportation at the expense of the Carrier. Rates that are ramp or CY at origin apply from the inland rail carriers ramp at the place of receipt of the cargo by Carrier. Dangerous/Hazardous Cargo, N.O.S.,
Several other states that have committed to aligning with California’s zero emission vehicle (ZEV) rules are also plaintiffs in the suit: Colorado, Delaware, Massachusetts, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont and Washington. District Court for the Northern District of California. for refuse trucks.
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