Craig Fuller, CEO at FreightWaves

Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. 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 - 2025 -
25 November
Craig Fuller, CEO at FreightWaves

Highway’s new feature allows brokers to screen carriers with non-domiciled CDL drivers

Highway, a leading firm in freight fraud mitigation and carrier identity, has introduced a feature allowing brokers to screen out carriers employing drivers with non-domiciled Commercial Driver’s Licenses (CDLs).  Regulatory Context Driving Industry Change The introduction of this feature is a direct response to the Federal Motor Carrier Safety Administration’s (FMCSA) interim final rule, published […]

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03 November
Craig Fuller, CEO at FreightWaves

The Perfect Storm: Why freight brokerages face a wave of failures in 2026

If the current freight climate continues, a number of freight brokerages—many of them large—will likely fail over the next year. The current market presents a toxic combination of sluggish freight volumes and firming spot rates, which is the worst possible environment for freight brokers. Understanding the Market Dynamics Freight brokerages act as intermediaries between shippers […]

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01 November
Craig Fuller, CEO at FreightWaves

Is the goods economy in a recession? Freight data suggests so

As someone who’s spent decades immersed in the freight and logistics industry, I’ve learned that freight data often tells the story of the broader economy long before traditional indicators catch up. Right now, that data is painting a stark picture: The U.S. economy is entrenched in a goods recession. While consumer spending on services might […]

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Oct - 2025 -
31 October
Craig Fuller, CEO at FreightWaves

Duffy plans to expand driver  enforcement to shippers

In his appearance on Fox News’ “The Will Cain Show” today, Duffy signaled a notable expansion in his enforcement strategy, pivoting from primarily holding trucking companies (carriers) accountable to also targeting shippers for enabling non-English-proficient commercial truck drivers. This move aims to broaden road safety measures amid ongoing crashes and debates on immigration and federal […]

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30 October
Craig Fuller, CEO at FreightWaves

The loss of SNAP benefits could slow the freight market

With the Federal Government shut down, SNAP benefits are at risk right now, and this could lead to a significant drop in consumer spending—and by extension, freight volumes—for as long as the shutdown drags on.  According to SONAR data, we’re already seeing freight volumes down 18.5% year-over-year.  October’s end usually kicks off peak season, but […]

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Craig Fuller, CEO at FreightWaves

Duffy declares war on CDL mills and fleets that hire from them

WASHINGTON — In a press conference on Thursday, U.S. Department of Transportation (DOT) Secretary Sean Duffy unveiled an aggressive new initiative targeting so-called “CDL mills” — commercial driver’s license schools accused of certifying unqualified drivers, many of whom lack English proficiency, basic operating skills, and proper citizenship documentation. The move comes as part of a […]

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Craig Fuller, CEO at FreightWaves

Duffy pushes back on truck driver shortage 

During a press conference on commercial driver’s license (CDL) enforcement, U.S. Transportation Secretary Sean Duffy responded to a reporter’s questions about the truck driver shortage and the potential impacts of stricter rule enforcement. The discussion focused on workforce challenges in the trucking industry and the Department of Transportation’s (DOT) approach to addressing them. The press […]

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29 October
Craig Fuller, CEO at FreightWaves

29 truck carrier files Chapter 11

VIB Trans, Inc., an Illinois-based trucking carrier operating a fleet of 29 trucks, has filed for Chapter 11 bankruptcy protection amid the Great Freight Recession, the longest downturn in trucking history. Headquartered in Wood Dale, a suburb of Chicago, VIB Trans employed 34 drivers to support its operations. According to federal safety records, the company […]

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Craig Fuller, CEO at FreightWaves

Largest capacity purge in history coming

Industry economist projects that 600,000 active drivers could be eliminated from trucking Update 5:30 pm ET: FreightWaves received clarifying comment from Highway on the state of their system. A Highway representative said, “the Highway system is not static. It is an adaptive system. Fraudsters can’t “reverse engineer” what changes continuously based on new patterns, behavioral […]

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28 October
Craig Fuller, CEO at FreightWaves

Non-Domiciled CDL Emergency Rule could cause capacity crunch

Introduction to the Emergency Interim Final Rule On September 29, 2025, U.S. Department of Transportation (DOT) Secretary Sean P. Duffy announced an emergency interim final rule to restrict non-domiciled Commercial Driver’s Licenses (CDLs). This significant regulatory action, issued by the Federal Motor Carrier Safety Administration (FMCSA), aims to address widespread abuse in issuing these licenses […]

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27 October
Craig Fuller, CEO at FreightWaves

USPS tried to ban immigrant truck drivers — it went horribly

Postal employees must be US citizens, while contractors are not held to the same standard. The US Postal Service outsources a large portion of its linehaul network, using a network of carriers and brokers. The number of non-domiciled CDL drivers among its contractor network surprised everyone, including USPS executives. 

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25 October
Craig Fuller, CEO at FreightWaves

The growing problem of CDL Mills: compromising highway safety

Overview of Current Issues in Truck Driver Training and Licensing The trucking industry faces a critical safety crisis that has largely gone unnoticed by the American public. Each year, approximately 100,000 truck crashes occur on U.S. highways, resulting in roughly 5,000 fatalities annually. These alarming statistics point to serious flaws in the system that qualifies […]

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23 October
Craig Fuller, CEO at FreightWaves

The ATA has damaged the economics of trucking, while compromising public safety

The American trucking industry is facing unprecedented challenges, marked by a deepening economic crisis and deteriorating highway safety standards. While supply chain disruptions during the COVID-19 pandemic brought attention to the transportation sector, the narrative surrounding these issues has been largely mischaracterized, particularly regarding the nature and extent of the purported truck driver shortage in […]

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19 October
Craig Fuller, CEO at FreightWaves

The Godfather of freight visibility plans to give small truckers “Superpowers”

Travis Rhyan, the founder of 10-4, an early pioneer in the freight visibility space has now set out to create an AI-powered platform for small truckers. I had the chance to interview Travis about his journey and plans for Carrier1. Here is the interview: Craig Fuller: Welcome, Travis. Thank you for taking the time to […]

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09 October
Craig Fuller, CEO at FreightWaves

Insurance Companies Likely to Take Hard Stance on Non-Domiciled CDLs

Enforcement and Insurance Implications A change in insurance policies could be coming to the trucking industry, signaling a major shift in their approach to non-domiciled commercial driver’s licenses (CDLs). As enforcement of the new non-domiciled CDL rule takes shape, insurance companies are likely to position themselves to avoid potential liability exposure. According to an insurance […]

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Craig Fuller, CEO at FreightWaves

1000 employees out of work as flatbed operator files for bankruptcy

Mutha Trucker, a YouTube news source covering the trucking industry has reported that Montgomery Transport LLC, a Birmingham, Alabama-based trucking company, filed for Chapter 7 bankruptcy and ceased operations effective immediately. 1000 employees out of work as trucker files for bankruptcy The sudden shutdown has left hundreds of drivers stranded across America as the company’s […]

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07 October
Craig Fuller, CEO at FreightWaves

Surprising surge: Trucking spot market rates climb overnight

There’s something happening hereWhat it is ain’t exactly clearThere’s a man with a gun over thereA-telling me I got to beware That’s the song that’s playing in my head as I try to make sense of what I’m seeing in the freight market. The spot market heat map in SONAR, which tracks sudden shifts in […]

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05 October
Craig Fuller, CEO at FreightWaves

Duffy’s halt of non-domiciled CDLs could wipe out illegal operators

On September 26, 2025, U.S. Transportation Secretary Sean P. Duffy announced an emergency order requiring states to immediately stop issuing or renewing non-domiciled commercial driver’s licenses (CDLs). This directive ends a widespread practice in many states of issuing CDLs to non-citizens without employment-based visas or extending them well beyond the expiration of holders’ work visas. […]

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Sep - 2025 -
25 September
Craig Fuller, CEO at FreightWaves

Trucking Crisis: Why Regulation Reform Is Urgent

The U.S. trucking industry is facing a crisis of overcapacity, safety lapses and national security risks, exacerbated by decades of deregulation and lax enforcement. Since March 2018, the number of active for-hire carriers has nearly doubled from 138,000 to 212,000 today, a 54% increase. According to SONAR’s OTVI index, freight volumes are only 1.2% higher […]

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