Freightwaves trucking news
3 min. The two ways shippers could purchase trucking capacity were through contracts or the spot market. Until now. FreightWaves has introduced index-linked contracts as a third option for trucking capacity. Currently, 30 shippers — large consumer-brand companies — are in various stages of implementing this new product.Nov 29, 2023 · Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022.
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Trucking is an extremely competitive market, long hauler or local it is brutal work, only the toughest and smartest survive. All this AI, robot trucks, Electric trucks are dangerous, unproven and a long way from replacing drivers. ... FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management ...She’s especially interested in trucking news. Before joining FreightWaves in 2022, Rachel was a senior features reporter at Business Insider. She created the trucking news beat at Business Insider, and has appeared on NPR Marketplace, ABC News, NBC Nightly News, The Today Show, France24, and other major outlets to discuss her coverage.When it comes to hiring a truck driver, there are certain qualities and traits that you can look for to increase the chances that your driver is reliable, responsible, and safe. Here are some of the key things to look for when hiring a truc...After bottoming around 7.8% in early July, the intermodal savings index recovered to 9.8% in early October. During J.B. Hunt’s recent earnings call, EVP and President of Intermodal Operations Darren Field stated September had the best volume week ever as volumes improved throughout the quarter. Revenues were down 15% but volume was up 1% year ...Sep 25, 2023 · Indiana-based Elmer Buchta Trucking and its entities recently filed for Chapter 11 bankruptcy. Photo: Jim Allen/FreightWaves. An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. 5 min. The seemingly perpetual marketwide truck driver shortage is not real, nor is it marketwide. While specific fleets can and do have driver shortages — i.e., unseated trucks — the trucking market quickly corrects. There also are periods of capacity shortages, but those get addressed very quickly by the market.Although the market was filled with rumors of bankruptcy at Convoy Wednesday morning — not surprising when all loads are summarily canceled — there has been no bankruptcy filing by Convoy, according to a check of public records by FreightWaves. In April 2022, Convoy was valued at $3.8 billion after an investment of …WebSep 25, 2023 · Indiana-based Elmer Buchta Trucking and its entities recently filed for Chapter 11 bankruptcy. Photo: Jim Allen/FreightWaves. An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. The trucking industry has recently witnessed a steady rise in the number of women venturing into careers traditionally dominated by men. ... She is currently a staff writer, podcast producer and SiriusXM radio host for FreightWaves, a leading provider of news, data and analytics for the logistics industry.If you own a box truck, you know that finding loads is crucial to keeping your business running smoothly. But with so many options out there, it can be challenging to know where to start.Indiana-based Elmer Buchta Trucking and its entities recently filed for Chapter 11 bankruptcy. Photo: Jim Allen/FreightWaves. An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions.Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. He also is a trucking industry veteran, having founded and managed the Xpress Direct division of US Xpress Enterprises, the largest provider of on-demand trucking services in North America.Nov 15, 2023 · Truckload Freight. Truckload shipping refers to the movement of freight in the amounts necessary to fill an entire semi-truck or intermodal container. This is in contrast to less than truckload (LTL) shipping, where freight from multiple sources is mixed and transported in one truck or shipping container. Trucking industry regulations change ... May 6, 2022 · A Missouri-based trucking company, which contracted with the U.S. Postal Service to haul mail, recently ceased operations and filed Chapter 7 bankruptcy. Family-owned Rooney Trucking Inc., headquartered in Polo, filed its petition in the U.S. Bankruptcy Court for the Western District of Missouri on Monday. Attorney Ryan Blay told FreightWaves ... That’s not the carrier taking advantage. That’s the market dictating what the cost should be over time.”. The key is preparing leadership for the trends that inevitably drive transport pricing, Banfield told Craig Fuller, FreightWaves founder and CEO. “For the past 12 years, there has been a 2.8% to 3.2% increase in truckload costs.Noi Mahoney. · Monday, September 25, 2023. There were 582 cargo thefts in Canada and the U.S. during the second quarter, according to CargoNet. (Photo: Jim Allen/FreightWaves) Listen to this article. 6 min. Truckload carriers across the U.S. saw a sharp rise in cargo thefts during the second quarter — with thieves targeting everything from ...
Sep 5, 2023 · 5 min. The seemingly perpetual marketwide truck driver shortage is not real, nor is it marketwide. While specific fleets can and do have driver shortages — i.e., unseated trucks — the trucking market quickly corrects. There also are periods of capacity shortages, but those get addressed very quickly by the market. 2 days ago · FMCSA’s own statistics red-flags the problem. Of 690,091 interstate freight carriers eligible for an FMCSA safety rating in 2021, 646,777 — roughly 94% — did not have a rating, according to the agency’s most recent annual safety data, published in December 2022. “A system that rates less than 10% of the eligible population is ... 2 min. The U.S. District Court for the District of Kansas ruled Friday against less-than-truckload carrier Yellow Corp.’s request for an injunction, which would have kept its Teamsters employees from engaging in a work stoppage. In her decision, Senior Judge Julie Robinson denied a motion for a temporary restraining order and injunction.WebThe freight cycle. The freight cycle is a market cycle that describes the boom to bust cycle of the trucking freight market. A typical freight cycle lasts for three to four years and is more cyclical than a broader economic cycle. In the early part of the cycle, the freight market is balanced.WebSTG Logistics’ acquisition of Best Dedicated Solutions will add expedited, dry van, temperature-controlled and flatbed OTR transportation to STG’s existing services. ... Read the latest logistics news and insights from FreightWaves covering multi-modal transportation. Award winning news coverage at your fingertips.
5 min. Truckload carriers and 3PLs have seen little change in demand halfway through the fourth quarter, and some are pointing deeper into 2024 before the market corrects. The comments came from heads of some of the largest publicly traded TL providers at Stephens 25th Annual Investment Conference in Nashville, Tennessee, on …Judge orders Ray to forfeit more than $42 million and assets that include a 1968 Chevy Camaro. Clarissa Hawes. · Wednesday, November 29, 2023. Former trucking company owner Franklin Ray, 52, of Canton, Michigan, was sentenced to more than 17 years in federal prison for his role in a $40 million Ponzi scheme. (Photo credit: Jim …Web…
Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Class 8 truck orders hit their highest level. Possible cause: Apr 28, 2023 · FreightWaves. Trucking bloodbath snares fleets large and small. 9 min.
5 min. The seemingly perpetual marketwide truck driver shortage is not real, nor is it marketwide. While specific fleets can and do have driver shortages — i.e., unseated trucks — the trucking market quickly corrects. There also are periods of capacity shortages, but those get addressed very quickly by the market.Sep 25, 2023 · Indiana-based Elmer Buchta Trucking and its entities recently filed for Chapter 11 bankruptcy. Photo: Jim Allen/FreightWaves. An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. Trucks generally aren’t the cheapest vehicles on the market. In fact, you’ll often find yourself looking at a price tag of at least $30,000 for a new or lightly used truck with the latest features.
According to a recent Trucking Alliance survey, 98% of the 62,000 trucks operated by the group’s member carriers use speed limiter technology, they told lawmakers, with maximum speed settings ranging from 61 mph to 70 mph. In addition to safety benefits, members of the coalition point to economic advantages of installing speed limiters on fleets.If you’re interested in becoming a truck dispatcher but don’t have the resources to attend a traditional classroom setting, an online course may be the perfect option for you. Before we dive into the online course options, it’s important to...Fuller and Strickland noted that during much of 2023, forecasts from the trucking industry — at least from many of the larger public companies — reflected the relatively strong data points used by economists to measure the health of the economy, such as 4.9% GDP growth and low unemployment. However, “that data suggests that the market isn ...
Any of these three agencies may create new rule Trucks generally aren’t the cheapest vehicles on the market. In fact, you’ll often find yourself looking at a price tag of at least $30,000 for a new or lightly used truck with the latest features. The updated Navistar International LT arrives next July witOct 15, 2023 · Carriers place the economy first. Drive Nov 30, 2023 · Michigan trucking fraudster sentenced to 17 years for $40M Ponzi scheme. Franklin Ray was sentenced to 212 months in federal prison for his role in multiple fraud schemes, including bilking investors out of $40 million in a truck investment venture. Read More ». FreightWaves Staff Wednesday, November 29, 2023. November 29, 2023 at 8:51 AM · 5 min read. Former trucking Mar 30, 2023 · The California Trucking Association (CTA) lawsuit that dates back to 2019, which resulted in an injunction that kept AB5 at bay in trucking for 2 1/2 years until the U.S. Supreme Court declined to review a lower court ruling against the injunction, faced a deadline Wednesday for filing additional briefs. Those briefs were to be filed by the ... FreightWaves Daily; FreightWaves Best Of; AS Daily; AS Week IWhen it comes to selling your truck, you want to make sure 2 days ago · FMCSA’s own statistics red-flags the problem. Of 69 FreightWaves spoke to Dow and two other longtime truckers to learn why 2022 has been the year that killed their businesses — and what they think it means for the industry. Why the ‘Great Purge’ is hurting small truckers more than big ones. The three truck drivers all operated in different parts of North America and in different industries.Web Oct 29, 2023 · After bottoming around 7.8% in early J Used truck prices reversed year-over-year gains in November for the first time since 2020, suggesting a normalized environment is returning after a year of unprecedented high prices. “Following the once-in-a-lifetime pricing boom in 2021, the used-truck market in 2022 started coming back down to Earth as the freight environment … Citizens Bank of Sac City, Iowa, has failed,[2 days ago · FMCSA’s own statistics red-flags the problem. Of 690After bottoming around 7.8% in early July, t A Yellow truck leaving a terminal in Houston, Texas. (Jim Allen/FreightWaves) Abdul Jaludi knows his job as a driver at Yellow Corp., one of the largest trucking fleets in the United States, is better than most trucking gigs. He’s home most nights, gets paid vacation and sick leave, and “doesn’t pay a penny” for his medical …WebSubscribe to our Classic Newsletters Newsletters that never seem to go out of style. Freightwaves Tech Newsletter (Tuesday | Weekly) Stay up to speed on the latest technology and trends impacting the freight industry with this weekly newsletter. Air Cargo Newsletter (Monday | Weekly) Get news, analysis and exclusive insights about the …Web