Freightwaves trucking news.

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.Photo: Jim Allen/FreightWaves. An online auction is slated for Tuesday to sell the assets of Minnesota-based Twin Express Inc., which had a reported 72 power units and 73 drivers, after the trucking company defaulted on a $19 million loan. The move comes nearly three months after Judge Jamie L. Anderson in Hennepin County District Court in ...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 ...Buying a used truck can be a great way to save money and still get the vehicle you need. But if you’re looking for a used truck for sale by owner, it can be a bit of a challenge to find the perfect one. Here are some tips to help you find t...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.Web

With so many food options finding the right food truck ideas can get overwhelming, here are some of the many options for you to consider. There are plenty of opportunities for small business owners in the food truck industry. Instead of inv...Moving can be a stressful experience, but it doesn’t have to be. With the right preparation and planning, you can make your move as smooth and hassle-free as possible. Here is a guide to help you prepare for your move with 2 Men and a Truck...

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 Tuesday.

FreightWaves, with its headquarters in Chattanooga, Tennessee, is the nerve center of the global supply chain, bringing together world-class news, insights and …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.Clarissa has covered all aspects of the trucking industry for 14 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to [email protected].Failure to do so puts the trucking industry — and the economy — in danger. Holmbäck was driven to create Lanefinder by the conviction that the trucking industry deserves its own jobs marketplace — a space entirely dedicated to drivers and carriers, taking their unique and nuanced needs into account. “Everybody knows the job search ...

Jul 25, 2023 · 3 min. Yellow appears to be halting pickups in some areas of the Northeast, as well as Ohio, California and Texas, according to account executives who spoke to FreightWaves anonymously and company communication shared with FreightWaves. Nationwide, Yellow said in a memo sent to employees and shared to FreightWaves on Tuesday it was “limiting ...

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 $260 million in a Series ...

In 2019, ATRI released a study on recreational marijuana laws’ possible effects on the trucking industry. At the time, 11 states had legalized marijuana. Since then, that number has nearly doubled to 20, prompting the new study. The original study specifically looked at safety issues brought on by an increase in passenger vehicles …Apr 28, 2023 · FreightWaves. Trucking bloodbath snares fleets large and small. 9 min. America’s $875 billion trucking industry is struggling. The number of authorized interstate trucking fleets in the U.S. declined by nearly 9,000 in the first quarter of 2023, according to federal data analyzed by Motive, a fleet management technology company. Apr 28, 2023 · FreightWaves. Trucking bloodbath snares fleets large and small. 9 min. America’s $875 billion trucking industry is struggling. The number of authorized interstate trucking fleets in the U.S. declined by nearly 9,000 in the first quarter of 2023, according to federal data analyzed by Motive, a fleet management technology company. Push to reshore US manufacturing motivated by global supply chain issues. Rosemary Coates, executive director of the Reshoring Institute, offers insights into supply chain issues during a keynote address Thursday at the FreightWaves F3: Future of Freight Festival. Read More ». Noi Mahoney Wednesday, November 2, 2022.Web8 min. California has filed its legal arguments opposing the request for a preliminary injunction that would block imposition of independent contractor law AB5 in the state’s trucking sector and was able to cite developments in the sector since the law went into effect last year. Both the California Trucking Association (CTA) and the Owner ...

Commercial truck insurance is important because there are many truck accidents every year. It is not only mandatory for truckers to have insurance, it’s mandatory for them to maintain it as well.FreightWaves Daily; FreightWaves Best Of; AS Daily; AS Week In Review; Modern Shipper; Supply Chains. The Stockout (CPG & Retail) Running on Ice (Cold Chain) Must Reads. What The Truck; MODES Newsletter; Net-Zero Carbon; Truck Tech; Check Call (3PL News/Analysis) Loaded & Rolling (Enterprise Fleet News/Analysis) Trending Now. Ocean Cargo ...Family-owned Art Mulder & Sons ceased operations in November. An online auction is slated for Tuesday to sell the assets of family-owned Art Mulder & Sons Trucking (AMST) of Holland, Michigan. The move comes two months after the refrigerated less-than-truckload (LTL) carrier ceased operations in late November after more than 50 years. Investors are still awaiting news of Yellow's fate. (Photo: Jim Allen/FreightWaves) A class-action suit filed Tuesday against Yellow Corp. said the company failed to provide a required 60 days’ layoff notice to its 30,000 employees. The complaint was filed on behalf of California dockworker and union steward Armando …Trucking Regulation. Trucking regulations are determined by several government agencies in the United States. The Federal Motor Carrier Safety Administration (FMCSA) is the lead agency responsible for trucking laws, regulating and providing safety oversight of commercial motor vehicles (including over 500,000 commercial trucking companies.Jul 25, 2023 · 3 min. Yellow appears to be halting pickups in some areas of the Northeast, as well as Ohio, California and Texas, according to account executives who spoke to FreightWaves anonymously and company communication shared with FreightWaves. Nationwide, Yellow said in a memo sent to employees and shared to FreightWaves on Tuesday it was “limiting ...

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 ...

The Teamsters union has threatened to strike by Monday if this is not resolved and the pension contributions remain in default. The company owes $50 million, a large sum for a company in financial distress. Yellow currently has in excess of $100 million in cash reserves, according to an 8-K filed on July 7. If a strike comes to pass, this would ...3 min. Shortly after less-than-truckload carrier Yellow Corp. said Tuesday it would go through with plans to defer required contributions to funds managed by Central States Funds, the International Brotherhood of Teamsters issued a strike notice. The notice said a work stoppage could occur as soon as Monday. “Yellow has failed its workers ...The multiyear decline in the financial fortunes of truckload carrier U.S. Xpress is coming to an end with the announcement Tuesday that it is being bought by Knight-Swift at a significant premium to the company’s closing stock price Monday. In one of the largest truckload carrier sales in history, Knight-Swift (NYSE: KNX) said it is paying ...The current spot rate (net fuel) is $1.95/mile. On a variable cost-adjusted basis, the trucking spot rates have matched 2019 since May 2022 – $2.16/mile and since have dropped $0.21/mile. It’s likely to get worse. The month of May typically has among the highest rates we’ll see all year, with July and August being some of the weakest months.The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable. At the peak of the pandemic, containers essentially stopped moving.WebTrucking company to pay $7.7 million in case of wheel coming loose, striking vehicle. Digital freight platform Convoy announces 2nd round of layoffs since June. FreightWaves Mid Continent Trucking Trucking. Family-owned Mid Continent Trucking of Denison, Iowa, notified drivers and employees recently that after 24 years, the refrigerated carrier ...Trucking companies rejected unusually high amounts of freight in 2021. Around 27% of all contract freight was getting rejected last spring. Even in late December 2021 and early January 2022, the rejection rate was more than 20%. The spike in spot rates meant more capacity on the small trucker side.Clarissa has covered all aspects of the trucking industry for 14 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to [email protected].

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.

Jul 31, 2023 · Less-than-truckload carrier Yellow Corp. closes after 99 years in business. (Photo: Jim Allen/FreightWaves) The biggest bankruptcy in U.S. trucking history could occur in the coming days when the nation’s third-largest less-than-truckload carrier, Yellow Corp., files. The company ceased all operations at noon on Sunday, and leadership ...

Based in Chattanooga TN, Thomas is an Enterprise Trucking Carrier Expert at FreightWaves with a focus on news commentary, analysis and trucking insights. Before that, he worked at a digital trucking startup aifleet, Arrive Logistics as an Account Executive, and 5 years at U.S. Xpress Enterprises Inc. with an emphasis on fleet …WebThe chart is measuring the market in weeks; green is expansion, red is contraction. As capacity continues to correct, the freight rate cycle will begin to move at a faster pace (perhaps later this year; more likely late in the first quarter of 2024). Rates will move higher. Generally speaking, this helps carriers and is detrimental to shippers.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 Tuesday.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.3 min. Two Canadian trucking companies operating in the same Toronto site have shut down as their owner faced a mountain of debt and largely unprofitable businesses, bankruptcy court records show. Orbit Freight ceased operating in February following the shutdown of Delta Carrier, according to filings in Ontario Superior Court in …Carriers place the economy first. Drivers listed it No. 7. Truck parking was No. 2 for drivers and No. 8 for carriers. Fuel prices were No. 3 for drivers and No. 5 for carriers, the closest to a matching priority.Motor carriers and commercial drivers agreed on just three of 10 critical issues facing the trucking industry.In 2019, ATRI released a study on recreational marijuana laws’ possible effects on the trucking industry. At the time, 11 states had legalized marijuana. Since then, that number has nearly doubled to 20, prompting the new study. The original study specifically looked at safety issues brought on by an increase in passenger vehicles …Before you buy a truck, you should know they aren’t a cheap commodity. Whether you want a new or slightly used truck, you’ll frequently find yourself looking for trucks worth a minimum of $30,000. But thankfully, there are still trucks avai...Apr 11, 2023 · Cromex Inc. FreightWaves Trucking Trucking shutdown. F3: Future of Freight Festival 2023 Promo. 0:00 / 1:07. Team drivers for Cromex Inc. of Villa Park, Illinois, say they were stranded for three days in a hotel room, more than 1,000 miles from home, after the owner failed to deliver on his promise to pay drivers and set them up in a new truck. Two reports released Tuesday convey just how bad things got in the trucking industry this fall. FTR Transportation Intelligence said trucking conditions hit an 18-month low in October 2022. High diesel costs and sinking rates pushed the firm’s Trucking Conditions Index to its lowest point since April 2020, when it hit a record bottom.

FreightWaves Daily; FreightWaves Best Of; AS Daily; AS Week In Review; Modern Shipper; Supply Chains. The Stockout (CPG & Retail) Running on Ice (Cold Chain) Must Reads. What The Truck; MODES Newsletter; Net-Zero Carbon; Truck Tech; Check Call (3PL News/Analysis) Loaded & Rolling (Enterprise Fleet News/Analysis) Trending Now. …WebFuller 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 ...They were arraigned Friday. The trio are accused of fraudulently obtaining immigration permits to hire undocumented migrants to work for their firm, Gonmor Inc., a Laredo-based commercial trucking company. Gonmor Inc., founded in 2015, operates 27 trucks and employs 38 drivers, according to the Federal Motor Carrier Safety …Instagram:https://instagram. is rocket mortgage a good companywhlmgood 401k investmentsarm holdings stock ticker FreightWaves supply chain news coverage is your leading source of global supply chain updates and information via freight data. Subscribe now for free ... Lowe’s has been changing the way it deploys trucks to deliver goods and has garnered a spot on FreightWaves’ annual list honoring shippers. Read More » Eric Kulisch ... 6 mo treasury yielddividendgrowthinvestor Jul 21, 2023 · 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. cheap health insurance ri Based in Chattanooga TN, Thomas is an Enterprise Trucking Carrier Expert at FreightWaves with a focus on news commentary, analysis and trucking insights. Before that, he worked at a digital trucking startup aifleet, Arrive Logistics as an Account Executive, and 5 years at U.S. Xpress Enterprises Inc. with an emphasis on fleet …Photo: Jim Allen/FreightWaves. Trucking companies, logistics firms and suppliers may be left in a lurch after an Illinois auto parts supplier folded and filed Chapter 7 in early October. JD Norman Industries, headquartered in Addison, Illinois, filed its bankruptcy petition in the U.S. Bankruptcy Court for the Western District of Michigan on ...The length of a pickup truck varies by style and manufacturer, but a typical traditional pickup is about 17 feet long, according to GMC. Both cabs and boxes come in longer and shorter sizes.