Business

FreightWaves reviews the most read fraud fiascos from the past year

Chassis provider Trac Intermodal saw its debt rating affirmed by Moody’s, but its outlook is now negative.

Mexican President Claudia Sheinbaum has issued a decree that effectively ended the popular “border-skipping” strategy many U.S. e-commerce sellers used to avoid tariffs on Chinese goods.

Participants in a key conference discussed how private equity dollars sitting on the sidelines could boost logistics M&A.

Hyzon Motors Inc. has announced plans to liquidate its business and lay off employees at two facilities.

Supply chain firms in the U.S. have laid off more than 5,235 workers since the beginning of October.

Gatego was founded by CEO Adrian Garcia, whose firsthand experience in his family’s trailer yards highlighted the inefficiencies of traditional systems.

Federal Express’ strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime international flights to capture containerized cargo.

The freight industry is experiencing a notable shake-up this week, with several key developments signaling potential long-term shifts in market dynamics.

Craig Leinauer of Travelers Insurance discusses the rise of organized cargo theft and freight laundering rings that are leaving drivers, carriers and even brokers liable for millions of dollars in losses.

CloneOps.ai has received funding from industry investors including Sope Creek’s Kevin Nolan, who sees a positive future for augmenting human talent in brokerage.

This week: Double brokers grab $1M in toys and porch pirates have a dance off

Through real-time temperature monitoring, predictive analytics, and smart routing, Forefront Global Logistics minimizes spoilage and ensures that fresh produce reaches its destination at peak quality.

Reverse stock splits offer an immediate – if artificial – benefit to companies struggling with low stock prices. But they rarely work out long term.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

Current forecasts indicate a significant escalation in tariff levels, potentially rising to an imposing 75% on Mexican goods by September 2026, aligning with a strategic pivot toward a protectionist trade policy.

FedEx’s decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers sought to provide comprehensive transportation solutions for their customers.

Viahart President Molson Hart spoke on the Bring it Home podcast with co-hosts Craig Fuller, founder and CEO of Firecrown Media, and JP Hampstead, strategic analyst at Firecrown, about why he decided to bring some production back to U.S. shores for his toy company.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

Surveying the issues in the strike against Amazon by the Teamsters union and defining an “employee” can get tricky.

Frank Kenney of Cleo gives insight into the current challenges of AI in logistics and how incremental integration over the next decade will be crucial for maximizing efficiencies.

Even though actual congestion hours decreased, a jump in truck operating costs – including a 12% increase in driver compensation – drove record costs attributed to congestion.

SONAR’s latest release introduces a game-changing feature: the National Insights Landing page. This powerful tool provides a comprehensive overview of the freight market, highlighting shifts in capacity, demand and fuel prices. The intuitive interface spotlights weekly top-moving markets, allowing users to quickly identify trends and opportunities.

The Teamsters are making gains at Amazon and among the company’s direct service providers, but the e-commerce retailer says not so fast.

A family-owned Missouri trucking company with 265 trucks and 255 drivers recently filed for Chapter 11 bankruptcy protection.

DAT, the dominant leader in the load board business, has sneaked an abusive and predatory term into its agreements with clients. No one should ever sign DAT’s default agreement. 

An online auction was underway Tuesday to sell some of the assets of intrastate trucking company D.A.F.S. Transport of Monahans, Texas, which operates primarily in the Permian Basin in West Texas.

To meet the needs of an evolving market, Samsung SDS developed the end-to-end global logistics platform Cello Square. Executive Vice President Kooil O details how the platform helps shippers manage logistics processes, from strategic supply chain planning to efficient import and export execution.

Pavel Ivanovich Turlak pleaded guilty Friday in the Eastern District of Washington to violating Clean Air Act emissions controls and to fraudulently obtaining COVID-19 relief money.

DAT Freight & Analytics spoke with FreightWaves about DAT’s acquisition of Trucker Tools and how it plans to address connectivity issues, fraud and customer needs in the new year.

Domestic manufacturing can be a huge driver for trucking freight demand.

In late 2024, retail giant Macy’s revealed a shocking accounting scandal involving its parcel delivery expenses. It said a single employee had managed to hide approximately $151 million in delivery costs over nearly three years, causing significant disruption to the company’s financial reporting and raising questions about its internal controls.

Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.

A key case regarding California’s ability to receive environmental waivers, Ohio vs. EPA, won’t be taken up by the Supreme Court.

Hey truckers, listen up! The freight market’s heating up, and it’s looking good for your wallets. Let’s break down what’s happening and what it means for you out on the road.

As we approach the final days before Christmas, it’s becoming evident that the truckload market has experienced a peak season stronger than those of the past two years.

TQL isn’t satisfied with its victory in a federal appeals court; it wants the Supreme Court to take up the question of broker liability.

Air cargo demand is projected to slow to 6% next year, bolstered by positive economic supply chain and economic trends against a backdrop of rising geopolitical uncertainty.

In a stunning turn of events, California-based trucking company Kal Freight Inc. has filed for Chapter 11 bankruptcy protection, unveiling a web of fraudulent activities that have sent shockwaves through the industry. The company faces serious allegations of financial misconduct and asset mismanagement.

The ability of California to receive a waiver for tougher environmental rules will be taken up by the Supreme Court.

In the ever-evolving landscape of the freight industry, a new phenomenon is emerging that threatens to upend the delicate balance between shippers and carriers. Known as “carrier revenge,” this impending shift in market dynamics promises to reshape how goods are transported across the nation.

The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023.

A West Virginia-based trucking company, which hauls coal, logs and wood chips, recently filed for bankruptcy.

C.H. Robinson had its first investors day in seven years, and the audience liked what it heard.

Bankruptcy filings carry a stigma but sometimes the outcomes promise new life. Proterra might be one such story.

Tariff-related growth in US manufacturing would increase freight needs between suppliers.

The manager of a New York-based freight forwarding company is facing criminal charges alleging she violated federal export controls by illegally shipping oil and gas products to Russia.

With 2024 drawing to a close, team leaders at SONAR discussed during a Thursday webinar the top enhancements made to the logistics data platform.

In a significant advancement for the freight brokerage industry, SONAR, the leading provider of high-frequency freight market data, has unveiled the Coverage Guide, an AI-powered offering within its new Broker Tool Kit. This cutting-edge application aims to simplify the complex decision-making process for freight brokers, enhancing efficiency and profitability.

Logistics firm Freight Essentials filed a federal lawsuit against WWEX Group and its affiliates, alleging that the company is engaging in fraudulent business practices with hidden fees.

This week: Blue Yonder deals with a massive cyberattack and FreightWaves’ shares tips for dealing with porch pirates.

Alaska Airlines plans to transfer some of Hawaiian’s A330s out of Honolulu and base them in Seattle to fly new routes to Asia, creating a big opportunity for increased cargo business.

Sankalp Arora, co-founder and CEO of Gather AI, and FreightWaves’ Grace Sharkey discussed during FreightWaves’ Domestic Supply Chain Summit the use of AI technology and drones to automate inventory monitoring and asset tracking in warehousing to improve efficiency and reduce human error.

RXO CEO Drew Wilkerson shares insights on managing peak-season demand and on the 2025 outlook for the dynamic logistics industry.

Steve Blough, a co-founder of MercuryGate International Inc., speaks about how companies can use AI to strengthen decision making. 

Cassandra Gaines, CEO of Carrier Assure Inc., discusses the fraud crisis in the industry and how carriers can combat it.

Walter “Mitch” Mitchell, CEO of Tai Software, discusses 2024 FreightTech highlights during FreightWaves’ Domestic Supply Chain Summit.

Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.

M&A adviser Spencer Tenney shares his thoughts on deal activity in the new year.

The latest indictments in the Louisiana staged accident case have pulled in two attorneys and two New Orleans law firms and eight persons in total.

The Connecticut Department of Transportation is launching a $31 million project to increase truck parking statewide.

Head of product at Walmart GoLocal, Vijay Cherukuru, gives a rundown of how to decarbonize fleets and choose next-generation zero-emission vehicles amid a continually changing EV landscape.

After over two months of stunted production due to a 53-day machinist strike, Boeing has resumed building 737 MAX aircraft.

Same-day logistics provider Priority Courier Experts announced it has acquired Now Courier.

Kal Freight, a Texas-based trucking company that filed for Chapter 11 bankruptcy last week, does not plan to lay off any drivers.

The U.S. Supreme Court has declined previously to review cases involving the question of broker liability after serious trucking accidents but has been asked to weigh in again.

New tariffs by the Trump administration on products from China, Canada and Mexico will hit companies and consumers with increased costs, experts said.

The Rhode Island truck tolling plan got a mixed verdict in a federal appeals court but has new life.

With the inauguration still over a month away, President-elect Trump has already announced some of his plans regarding U.S. trade policy. This is a breakdown of a few of the ones most relevant to e-commerce and how brands do business.

Boeing’s plea deal regarding criminal fraud conspiracy charges over two fatal 737 MAX accidents has been rejected by a federal judge.

A federal court upholds an order requiring China-based ByteDance to sell TikTok or face ban in the US.

In yet another bankruptcy filing in the trucking industry, Kal Freight looks to maintain operations after filing for Chapter 11, which means it will reorganize in hopes of becoming financially stable.

After the shooting of UnitedHealthcare CEO Brian Thompson, corporations are being urged to assess safety programs for corporate leaders.

As a part of the partnership, founder of Journey, Will Jenkins has also disclosed that he has invested and will help advise the Shipper CRM team as they scale.

Class I freight railroad CSX has appealed to the U.S. Supreme Court to continue its antitrust lawsuit against Norfolk Southern.

Frank Kenney of Cleo gives insight into the importance of keeping customer-facing touchpoints manual and personal while strategically automating other processes.

Recent headlines reveal how freight fraud is no respecter of national borders. Authorities have arrested Shenghua Wen, a Chinese national residing illegally in the U.S., on suspicion of exporting firearms, […]

The air logistics sector has been riding high all year, but market watchers caution that growth in 2025 could slow sharply.

The transportation sector at Canadian bank BMO, heavily oriented toward trucking, showed further deterioration in the fourth quarter.

TriumphPay is in the middle of a rollout of LoadPay, a payment tool aimed at owner-operators.

Canadian Pacific Kansas City CEO Keith Creel is confident that free trade will continue in North America despite President-elect Donald J. Trump’s threat to impose 25% tariffs on goods imported from Mexico and Canada.

The volume of logistics private equity deals is relatively stable as private equity dealmakers gather in New York.

A new four-lane bridge is a key piece of a logistics project aimed at making Burns Harbor a destination for international cargo.

A Chinese national illegally residing in the U.S. was arrested Tuesday on allegations that he exported firearms, ammunition and other military items to North Korea from Long Beach, California.

SONAR data will power Transfix’s predictive rating models for freight brokers.

“Using HappyRobot’s agentic AI, 100% of calls were answered 24/7 with no hold time,” said Circle Logistics’ Andrew Smith.

XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.

The collaboration between FreightVana and Loadsmith taps into FreightVana’s deep experience in blending asset trailers with technology to support diverse customer needs.

Descartes reported record quarterly results Tuesday after the market closed.

The Werner case, now more than 6 ½ years old since it became a nuclear verdict, went before the Texas Supreme Court on Tuesday.

A Texas wholesaler and retailer is on the hook for a $1.9 million tax bill for tractor-trailer tires it bought from Chinese manufacturers.

Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.

“Today project44 is pleased to announce a very favorable resolution of our defamation lawsuit against FourKites,” project44 told FreightWaves.

MyMechanic’s newly appointed president, James Lovecamp, recently spoke with FreightWaves on persistent issues in maintenance and repair.

Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.

After years of volatility due to economic uncertainties and global disruptions, the freight industry is seeing early signs of recovery. However, this recovery comes with challenges, including tighter capacity and heightened expectations for operational efficiency.

The New Jersey attorney general has filed arguments against tossing the indictment that includes NFI CEO Sidney Brown.

A California man was sentenced to two years and nine months in federal prison for embezzling nearly $1.6 million from the Fresno-based trucking company where he worked for 15 years.

Animus between co-founders of TuSimple is playing out in courts across the US with a proposed liquidation the latest salvo.

As Americans enjoy a Thanksgiving weekend of turkey, pumpkin pie, football and togetherness, here is a roundup of just a few of the trucking businesses and nonprofit organizations that pay it forward year-round through philanthropic initiatives.