Shippers have already begun negotiating lower contract rates, and carriers should prepare for this trend to continue. This will prove especially important for small and mid-size carriers who often do not have the profit margins to weather a storm.
Produce shipper WP Rawl has found PowerFleet’s solution to have a surplus of benefits.
Covenant Logistics Group’s truckload revenue increased 29% year over year to $218 million, despite unprecedented cost inflation and higher insurance costs.
CPC Logistics and NASCAR honor drivers; how to intern at a port; what insurance says about the trucking market; biofuels and more on demand on WTT
Truckload carrier Heartland Express said it expects freight demand to exceed its available capacity for the rest of 2022.
Solutions like route optimization and real-time visibility are beneficial regardless of what is happening in the market, but these money-saving tools can prove crucial during times of tighter margins.
TransForce, long a provider of drivers to carriers, is rolling out its proposal for independent contractor compliance with AB5.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nowports aims to be supply chain ally for Latam trade; US files labor complaint against auto parts plant in Mexico; Tesla suppliers have dedicated lane at US-Mexico border bridge; and Laredo CBP seizes $4.3M worth of meth from tractor-trailer.
New Cummins Inc. CEO Jennifer Rumsey talked about mentoring and reaching the company’s Destination Zero carbon goals in a FreightWaves interview.
Unit responds to contractors’ cost concerns by partially ditching the controversial program.
As truckers protest for the fifth day, workers at the Port of Oakland have been busy setting up orange barricades at all four of the marine terminals in case demonstrations over controversial state law AB5 spill over into next week.
Small shipper battles TQL over lost plant shipment; AB5 fallout; the intersection of FreightTech and people; brawl at Disney
Consulting firm FTR Associates says the freight transportation markets will find support amid a still-growing manufacturing sector, despite perceived softness in the U.S. economy.
Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.
Public comments reveal most truckers believe a proposal to require engines to have speed limiters will make roads less safe.
FedEx Ground said it will drop Sunday residential deliveries the week of Aug. 15 in unidentified low-population markets.
A better question is, what can carriers do to lower their rates?
Triumph Bancorp posts strong second-quarter financial results while remaining “cautiously optimistic” for a relatively flat trucking and transportation market through the end of 2022.
A trucking recession is coming. Longtime truckers are closing their businesses as pay drops and expenses soar.
Port of Oakland officials are imploring truckers to end their protest over AB5 as the independent contractors prepare to block the terminals for the fourth day on Thursday, bringing container movement at California’s third-largest port to a standstill.
