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Nov 20, 2023 · Trucking Equipment. Throughout the pandemic, the commercial trucking industry struggled with a shortage of drivers. As the effects of the pandemic lessen and more drivers are hired, however, the industry is now facing a shortage of vehicles and other trucking equipment instead. Check back here for news and information related to trucking fleet ... 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 ...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...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...Trucking Market Research - FreightIntel Group - FreightWaves Passport Home Category Trucking Trucking We publish coverage of Trucking Markets weekly and explore the …

According to the U.S. Department of Transportation, there were more than 133 million total trucks in the United States in 2012. Of these trucks, more than 130 million were used for private or commercial purposes.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.Unless there is an acceleration in revocations (i.e. trucking companies shuttering their authorities), FreightWaves models suggest the trucking market has 78 weeks to go before capacity is back in balance with historical trends. ... FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk …Web

Morgan Stanley ( NYSE: MS) published a survey Monday of shippers, brokers and carriers either working with Yellow or involved in the LTL industry. Ninety-five percent of shippers tendering freight to Yellow said they were at least “somewhat concerned” about a potential strike or bankruptcy filing (55% were “very concerned”).WebMorgan Stanley ( NYSE: MS) published a survey Monday of shippers, brokers and carriers either working with Yellow or involved in the LTL industry. Ninety-five percent of shippers tendering freight to Yellow said they were at least “somewhat concerned” about a potential strike or bankruptcy filing (55% were “very concerned”).Web

However, industry misconceptions continue to discourage generations of women from participating, making recruiting and retaining women a concern for fleet operators. On Wednesday during FreightWaves’ Enterprise Fleet Summit, Jennifer Hedrick, the president and CEO of the Women In Trucking Association, shed light on these …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 ...Breaking news breaking trucking — Back The Truck Up’s Rooster reports, “That means AB5, the controversial law forcing employers to treat independent contractors as hired employees if they serve the same primary function, is now active.”What’s especially problematic for trucking is the B prong of AB5’s ABCs. According to Kingston, “The B …Jul 4, 2023 · Correll told lawmakers that based on his research team’s analysis of trucker ELDs, he estimated that American long-haul, full-truckload drivers spend an average of 6.5 hours of their maximum 11-hour federally regulated working day driving their trucks. “This implies that 40% of America’s trucking capacity is left on the table every day ... September Cass data shows freight cycle ‘starting to flatten out’. Cass’ shipment data was up sequentially for a second straight month in September and the …

Trucking demand is softening. (Photo: Jim Allen/FreightWaves) Trucking demand is “near freight recession levels,” according to Bank of America. Shippers’ outlook on rates, capacity and inventory levels are matching attitudes not seen since May and June 2020, when pandemic lockdowns sent freight volumes into a historic decline. In a Friday ...

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 ...

4 min. Fraud rates are on the rise, increasing significantly in 2022 and continuing to climb throughout 2023. In fact, the total annual impact of stolen freight …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 ...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 ...Trucking demand is softening. (Photo: Jim Allen/FreightWaves) Trucking demand is “near freight recession levels,” according to Bank of America. Shippers’ outlook on rates, capacity and inventory levels are matching attitudes not seen since May and June 2020, when pandemic lockdowns sent freight volumes into a historic decline. In a Friday ...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.

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].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.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 …WebNov 19, 2023 · The Bureau of Transportation Statistics reports that freight between the U.S. and Mexico totaled $69.0B in March 2022, up 21% from March 2021. Stay up to date on key developments related to U.S.-Mexico cross-border trucking, freight, and supply chain news here, or visit our cross-border trucking archive to find additional news, information and ... 5 min. Yellow Corp. expects to reduce the number of terminals in its network from 316 to 300 by year-end as the less-than-truckload carrier looks to further cut costs, company executives told analysts. Speaking after Yellow reported first quarter financial results Tuesday, chief operating officer Darrel Harris said the terminal reduction would ...In last week’s Passport intermodal weekly, we discussed the very visible impact that the snowstorm in the central states was... Read more. 1 2 … 9. Stay up-to-date on your #1 source for the latest transport, freight and logistics news from FreightWaves.Six months later, U.S. Xpress was sold to Knight-Swift. Knight-Swift’s stock price has been largely flat to down since the acquisition. It was about $56.70 per share at the time of the deal and closed Friday at $55.75. Disclosure: FreightWaves founder and CEO Craig Fuller had retained ownership of U.S. Xpress shares through his family trust.

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.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 ...

Dec 20, 2022 · 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. 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].Uber Freight works with Aurora Innovation and Volvo Autonomous Solutions. It recently signed a 10-year agreement with Waabi, a newer entry to the Level 4, high-autonomy space, to schedule loads on its digital freight network. Before Waymo Via put its autonomous trucking business into hibernation, Uber Freight had big plans with them, too.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...Uber Freight works with Aurora Innovation and Volvo Autonomous Solutions. It recently signed a 10-year agreement with Waabi, a newer entry to the Level 4, high-autonomy space, to schedule loads on its digital freight network. Before Waymo Via put its autonomous trucking business into hibernation, Uber Freight had big plans with them, too.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.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 ...Sep 6 Sep 06, 2023 FreightWaves CEO Craig Fuller calls the truck driver shortage a “myth” in a recent piece of self-promotion, but his assertion collapses under the weight of …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 ...

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This week in Borderlands: A stronger Mexican peso could pose challenges for U.S.-Mexico trucking; Tesla seeks $100 million to build Semi truck charging stations; …

Speed limiters. A notice of intent issued this year by FMCSA to propose in 2023 electronic engine devices to set and limit truck speeds have truckers on high alert. The notice of FMCSA’s intent alone generated more than 15,000 responses, and at least that many is expected once the actual proposal is issued.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 …WebThe 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 updated Navistar International LT arrives next July with up to 15% better fuel efficiency than the first generation of the current engine. (Photo: Alan Adler/FreightWaves) LAS VEGAS — Navistar Inc.’s S13 integrated powertrain for its on-highway trucks is the manufacturer’s last new internal combustion engine.Nov 29, 2023 · FreightWaves again named one of fastest-growing companies in North America. Chattanooga, Tennessee-based FreightWaves has been named to Deloitte’s Technology Fast 500 list. Read More ». Noi Mahoney Tuesday, November 7, 2023. The trucking industry is known for its volatility. In the first quarter of 2023 alone, nearly 9,000 trucking authorities shuttered. However, shippers — the parties that use trucking services, such as retailers and manufacturers — seem increasingly fed up with the chaos. While most are slashing how much they’re willing to spend on trucking ...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 ...Nov 7, 2023 · OEM Trucking. In terms of the trucking industry, original equipment manufacturer (OEM) refers to parts made by the same company that makes the vehicle (as opposed to aftermarket parts, which are produced by different companies and designed to be compatible with as many vehicles as possible). While OEM products may cost more than aftermarket ... Nov 29, 2023 · 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 Allen/FreightWaves) 18 min. Yellow, the third-largest trucking company in the less-than-truckload sector, filed for bankruptcy on Aug. 7. Now its former competitors are in a bidding war for its terminals and trucks. The company’s collapse put some 30,000 employees out of work, including 22,000 Teamsters members. That’s an uncomfortable reality for those ...That makes it a fair, if imperfect, alternative to diesel trucks. By Dec. 31, drayage fleets are required to have their trucks registered in an online database. Any new trucks registered on or after Jan. 1, 2024, must be zero emissions. By 2035, the state of California will require all drayage trucks to be zero emissions.

Jul 21, 2023 · Truck drivers at Yellow fear the end is coming soon. (Photo: Jim Allen/FreightWaves) From the Great Recession to 2020, Yellow nearly went bankrupt four times. In each episode, the trucking giant was saved — thanks to concessions from lenders, the Teamsters union, the federal government or often all three. As a result, some of Yellow’s ... 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.The watershed moment in trucking-related nuclear verdicts came in 2011, when a jury in Cobb County, Georgia, awarded $40 million in a wrongful death suit, according to the American Transportation Research Institute. (Photo: Jim Allen/FreightWaves) On Feb. 27, 1992, Stella Liebeck ordered a 49 cent cup of coffee from a McDonald’s drive-thru in ...Instagram:https://instagram. high stock dividendnxpi stock forecastexpedia stocjthe best dental plan Trucking Equipment. Throughout the pandemic, the commercial trucking industry struggled with a shortage of drivers. As the effects of the pandemic lessen and more drivers are hired, however, the industry is now facing a shortage of vehicles and other trucking equipment instead. Check back here for news and information related to trucking fleet ... best firearm legal defense insurancewhat is beta on stocks 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 ...Feb 21, 2023 · A Flourish data visualization. FreightWaves targeted the survey at owner-operators from Feb. 9-17 and heard from roughly 120 carriers in all. More than three-quarters of those identified as owner-operators, and another 6.7% answered “no, but I was for part of 2022.”. Only results from current owner-operators were considered in the analysis. nasdaq ardx 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.4 min. In a surprise move, transportation firm ArcBest Corp. announced on Wednesday a reorganization that included the abrupt departures of the founder and CEO of MoLo Solutions Inc., a 6-year-old truckload brokerage business that ArcBest acquired in November 2021 for an upfront $235 million cash payment and an earn-out figure that …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 ...