The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.
Avancargo, a freight logistics startup from Argentina has on-boarded over 18,000 trucks on its platform and is helping them connect with shippers digitally.
FreightWaves improves watchlist functionality with new heat mapping feature as well as improves searching with new categories and search bar improvement.
The Indian trucking ecosystem suffers from a lack of visibility and transparency, which Vaahika is looking to address by digitizing logistics and creating a bridge between carriers and shippers.
Rail seems to be benefiting from higher diesel prices and capacity constraints with SONAR data suggesting more loads are shifting to intermodal in shorter lengths of haul.
Hurricane Michael has forced some trucking operations to shut down, but relief efforts haven’t had major interruptions.
Netradyne, a startup that uses computer vision to understand and improve driver behavior, has raised $21 million in its Series B funding, led by Microsoft’s venture arm, M12.
Loadsmart, a logistics technology company that uses data analytics to provide instant quotes and capacity, has raised its Series A financing led by Maersk Growth.
FreightWaves triples the lanes available for the tender rejection indices along with diesel price and volume data. Highly regarded Institute for Supply Management indices have also been added to deepen the macro-economic section.
Wolfe Research downgraded several trucking stocks Friday after their analysts revealed concerns over spot rates, according to Seeking Alpha
A whopping 97 percent of the employers in the transportation industry feel fatigue impacts their business.
FreightWaves reached out to OOIDA for their perspective on the current state of affairs in trucking. We also want to engage in a dialog from the fragmented industry interests, seeking points of agreement, as well as naming points of contention.
Indices are clearly signaling that the container volume coming in through the Long Beach/LA port is surging and bodes well for the holiday shopping season.
North American Class 8 net orders came in around 42,800 units in September, falling 19 percent from August’s 53,069 units, according to preliminary data released by ACT Research.
Rising driver wages and fuel costs pushed up the cost per mile to operate a commercial vehicle in 2017, according to an annual report released by the American Transportation Research Institute (ATRI). The group said it cost $1.69 per mile to operate a truck last year, up 6% from 2016’s cost.
Tired truck drivers? That’s a big concern based on a new survey by the National Safety Council that found 97% of transportation employers are worried about employee fatigue.
Tender volumes are taking many by surprise, but not those that understand what is happening with the use of ELD’s by small carriers, especially in the dry van segment.
In the latest BiTA webinar, we reviewed the state of blockchain with industry experts. Mitch Hixon, Executive Vice President of Membership Engagement, BiTA spoke with Rachel Parker Sealy, Partner, PwC Advisory and Kris Kersey, Director, PwC Advisory, providing insights from PwC’s 2018 Global Blockchain Survey of 600 executives from 15 territories.
How good is the technology and powertrains on modern tractors? A group of journalists driving similarly spec’d Mack Anthem sleeper models, achieved over 8 mpg – even as high as 10.5 for one day – with the trucks on a three-day run from Asheville, NC, to New Orleans.
There is plenty of evidence for increased capacity in the freight market. Volumes are higher than they were in March when the spot market was considered more volatile.
