Carriers regain ground in seasonal freight negotiations
The latest FreightWaves Supply Chain Pricing Power Index shows that shippers' pricing power rose to 40 this week from 35 the previous week, indicating a shift in negotiating power back to carriers. Also Read: Challenges Facing Low-Cost Carriers (LCCs) Seasonal declines in freight volumes are typical for this time of year, primarily due to mid-week declines over Christmas and New Year, causing volumes to slow earlier than usual. Analysis by FreightWaves using its SONAR platform showed that the Outbound Tender Volume Index (OTVI), which tracks national freight demand, fell 5.4% month-on-month and 2.43% year-on-year. Despite the broader decline, some of the largest U.S. markets, such as Southern California and Dallas, saw slight increases in tender volumes. In contrast, markets such as Atlanta and Chicago fared poorly, with weekly volumes down 2.34% and 6.3% respectively. On the capacity side, the market is experiencing an increase in bid rejection rates - reflecting tighter conditions. The Outbound Tender Rejection Index (OTRI) surged 286…
Porsche recalls 2024 Cayenne due to cracked control arms
About 2,500 Cayenne SUVs are being recalled, but Porsche says only nine may be defective. July 21, 2024 — The 2024 Porsche Cayenne recall involves about 2,500 SUVs, but Porsche believes no more than nine vehicles are affected by the issue. Porsche says the 2024 Cayenne may develop cracks in the left upper control arm on the driver's side front axle. Porsche said the control arm developed cracks when it was installed on the vehicle. If the control arm breaks, the Cayenne driver could lose steering control. Porsche says the part is one of several suspension components that connect the wheel carrier to the body. The control arm also "manages suspension forces such as drive and braking torque, lateral forces and steering." Although Porsche knew the control arms could break without warning, the automaker was not aware of any incidents. Porsche Cayenne recall letters should be mailed on September 13, 2024, and dealers will replace the driver's side left upper…
Porsche recalls 2024 Cayenne due to cracked control arms
About 2,500 Cayenne SUVs are being recalled, but Porsche says only nine may be defective. July 21, 2024 — The 2024 Porsche Cayenne recall involves about 2,500 SUVs, but Porsche believes no more than nine vehicles are affected by the issue. Porsche says the 2024 Cayenne may develop cracks in the left upper control arm on the driver's side front axle. Porsche said the control arm developed cracks when it was installed on the vehicle. If the control arm breaks, the Cayenne driver could lose steering control. Porsche says the part is one of several suspension components that connect the wheel carrier to the body. The control arm also "manages suspension forces such as drive and braking torque, lateral forces and steering." Although Porsche knew the control arms could break without warning, the automaker was not aware of any incidents. Porsche Cayenne recall letters should be mailed on September 13, 2024, and dealers will replace the driver's side left upper…
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