The largest trucking companies that went bankrupt in 2022 freight recession
2022 brought a recession in the trucking industry, but few large trucking companies declared bankruptcy.
2022 brought a recession in the trucking industry, but few large trucking companies declared bankruptcy.
The carrier will not let peak-season delivery levies fall away in mid-January as it has always done.
For a series of convoluted reasons, a ratings agency has changed its outlook on flatbed operator Daseke.
Freight forwarder MTM Logix recently received a private equity investment aimed at capitalizing on companies nearshoring to the Americas.
Tesla, GM, Chevy and other EV makers may see early volume before revised tax credit provisions’ full criteria take effect.
Robust marketplace offers more than connectivity for shippers and carriers.
TriumphPay’s Emily Meyers notes that it’s tougher for carriers to predict their cash flow and expenditures while facing such long payment cycles.
Congress and the Biden administration will aim to advance trucking policy despite the potential gridlock of divided government.
Electric vehicle maker Workhorse announced that it escaped action from the Securities and Exchange Commission related to fraud accusations.
A $240,000 incentive from California plus other subsidies could bring parity between a Nikola fuel cell truck and a diesel rig.
“Getting involved in state and national organizations is a great way to make an impact and make your voice heard,” said Reliance Partners’ Robert Kaferle.
Trade between the U.S. and Mexico will continue to expand in 2023 as more factories and logistics operations move south of the border.
Three rollover crashes of Peterbilt refuse trucks over eight model years led to the recall of 16,033 vehicles in the U.S. and Canada.
This week in Borderlands: Mexico won’t prohibit double tractor-trailers; Mexican government delays ban on genetically modified corn; Arizona border port of entry project receives $8M; and B.I.G. Logistics acquires Mexican customs broker and 3PL.
About 15% of deliveries scheduled for Friday and Saturday will not make it by Christmas, ShipMatrix says.
The nation’s top truck safety regulator argues her hands are tied when it comes to approving a drug-test exemption.
California’s ABC test was a key reason why a decade-long misclassification case against Hub Group settled.
Drivers who paid top dollar for a used truck in the past year are probably kicking themselves, if not just taking the hit and walking away.
While trucking is attracting plenty of attention from hopeful entrants, breaking into a new industry can be difficult. That is where Truckstaff Solutions comes in.
With so many truckers but so few parking spaces, TruckParkingClub.com has found a way to create more of the latter.
Triumph Financial’s shares are cut to a sell level at Wells Fargo on a still lengthy wait for a payoff at TriumphPay.
Cox Transportation announced Wednesday the acquisition of Outwest Express and its fleet of more than 400 tractors and 1,200 trailers.
FedEx must convince stakeholders that it will stay the course on cost reductions.
Over the past five years, Port X Logistics has grown from a startup to a major player in the drayage, transloading and trucking worlds. This level of growth — especially in the midst of a pandemic — has required serious planning, hard work and commitment.
First, the company popularized two-day shipping. Then, Amazon Relay was created to help fill growing capacity needs. This paved the way for further innovation, including Amazon Freight for shippers and Amazon Freight Partner for carriers.
Operating a successful business requires pinpointing — and meeting — customer expectations. XPO services thousands of customers daily, and doing that well means finding out what each of those customers needs.
The holidays are quickly approaching, and shoppers are checking off their gift lists. This year, however, the festive frenzy has not been strong enough to create a traditional peak season effect.
Soaring diesel costs plus sinking volumes made trucking conditions especially challenging in October and November.
The EPA’s new tailpipe emissions standard raises implementation concerns from engine makers — and cost concerns from truckers.
Auto imports, crude oil and petroleum shipments rose as ports in Houston, Corpus Christi and New Orleans recorded mixed freight volumes in November.
FedEx’s 2023 second-quarter results proved its ability to quickly slash costs but also showed the damage a demand slowdown is inflicting on its top line.
The spending bill to keep the federal government running through fiscal 2023 includes updated measures for trucking and maritime sectors.
Estes Forwarding Worldwide and project44 have developed a rating API that provides expedited quotes for LTL shippers.
Autonomous trucking startup TuSimple will be on the hook for $15 million in cash severance if it ousts CEO Cheng Lu a second time.
The Postal Service said it will double its EV investment from its July forecast.
An appellate court that will determine whether the Prop 22 gig worker vote in California is constitutional recently heard arguments.
CEO and founder Don Burnette says “2022 stood as the year that Kodiak really built momentum and gained the trust of the industry.”
Lazer Logistics said Tuesday it has acquired the yard shuttling operations from Colorado-based Preferred Cartage Trucking Services.
Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.
The holidays are quickly approaching, and shoppers are checking off their gift lists. This year, however, the festive frenzy has not been strong enough to create a traditional peak season effect.
Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.
Several trucking companies, logistics firms and cold storage facilities are collectively owed millions of dollars after an Iowa-based meat importer filed for Chapter 11 bankruptcy protection recently.
Each carrier will come in below the other on certain services, but the net effect will be a wash, TransImpact says
Reliance Partners’ Brian Runnels adds a few steps to your pre-trip inspection to combat harsh winter weather.
This week in Borderlands: Production, exports of Mexican-made trucks soar in November; Penske Logistics to open major facility in Houston; ShipMonk opens e-commerce fulfillment center in North Texas; and $100M worth of meth seized at border checkpoint.
Since this isn’t 1997, UPS will stay open because it wants to keep business in a changed world for parcel delivery.
Even as the economy shows signs of slowing, trailer manufacturers see strong demand and few cancellations.
Trevor Milton is seeking a new trial, claiming that a juror lied about using social media. Ironically, lying on social media helped convict the Nikola founder.
Electric vehicle maker Tesla will reportedly soon announce its first automotive assembly plant in Mexico.
3PL Neovia has a higher debt rating from S&P but it still has a significant debt load.
Uber Freight and Volvo Autonomous Solutions are stressing patience over hype in working to digitally schedule loads for the truckmaker’s one-stop shop for all things autonomy.
Reliance Partners’ Mark Barlar provides a crash course on the DataQs process.
An Indiana trucking company owner claims his office manager of over 20 years — along with her husband — stole more than $600,000 from his affiliated companies over a five-year period.
Amazon has shifted middle-mile parcel deliveries to UPS and last-mile deliveries to the U.S. Postal Service, Jindel says.
Major auto hauler United Road saw its already-low debt rating affirmed, but the outlook was cut to negative as it continues to generate negative free cash flow.
Inflation has famously slammed the price of food and gasoline this year, but televisions and smartphones are historically cheap. What gives?
Safety training was once largely considered a one-size-fits-all endeavor, often consisting of in-person classes. That is no longer the case.
Meeting consumer demands is a team effort that involves shippers, carriers, retailers and technology providers.
Hydrogen provider Plug Power will buy 75 Nikola fuel cell trucks while processing hydrogen Nikola will purchase.
Texas has set up state-run checkpoints to stop and inspect random commercial vehicles coming from Mexico.
Less-than-truckload carriers are hopeful a recent round of general rate increases stick on the downside of the cycle.
A tax code throat punch promises to make gig work and online selling as fun as a trip to the morgue and as profitable as the average Mega Millions ticket.
U.S. lawmakers are proposing a requirement that restrooms at commercial buildings and ports be available to truck drivers.
Logistics M&A experts at a Benesch law firm conference don’t see any significant downturn in activity even as the freight market slows.
Tony Tzeng tells FreightWaves’ Domestic Supply Chain Summit that Transfix’s TrueRate+ program is designed to guarantee tenders with an optimal blend of price and service.
MIT researcher David Correll says more shared information in the shipping ecosystem could ease chronic issues.
Ryder’s Rob Pluta and Geotab’s Stephanie Voelker discuss how carriers and shippers can overcome technology fragmentation to create more efficient supply chains.
While the drive to secure new solutions is strong, adopting technology and digitizing processes in an industry that operates 24/7 may be challenging. We sat down with DDC FPO to learn how carriers should address these issues.
New standards aimed at dramatically reducing pollution from trucks come at the wrong time for the economy, according to carriers and drivers.
The growing severity of the driver shortage, combined with a shrinking number of predictable and set routes and increasing customer demands, is putting the spotlight once again on autonomous trucks.
Trimble is acquiring German transportation management system provider Transporeon for $1.9 billion.
Outrider continues transforming yard operations to autonomy, adding a robotic arm to connect and disconnect brake lines.
Cass data released Tuesday showed shipments have moderated and rates are poised to start unwinding two years of increases in January.
Yellow Corp. will modify and refile proposed network changes after meeting with local unions.
7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.
As a seed-stage startup, Ali Javidan’s Range Energy doesn’t have much to show yet for his idea of electrifying trailers.
Coupa Software is being acquired by Thoma Bravo in a deal valued at $8 billion.
The constitutionality of California’s Prop 22, which barred AB5 from being implemented against gig drivers, gets another court hearing Tuesday.
Fleet solutions provider Motive has laid off 6% of its workforce, citing slow demand and higher operating costs.
Consumers can take drop-offs to any of 2,000 FedEx Office locations
Stellantis has announced it will be closing a Jeep Cherokee assembly plant in Illinois in February, laying off 1,350 workers.
ArcBest announced CFO David Cobb will retire in October 2023.
Kevin Shaw, a Memphis, Tennessee-based truck company owner, and financial adviser Lisa Evans were indicted on charges of defrauding the federal Paycheck Protection Program.
As 2022 comes to an end, it is time for trucking carriers to evaluate their driver drug and alcohol testing programs and make necessary improvements for 2023.
This week in Borderlands: USMCA panel rules in favor of Mexico, Canada over US; Lineage Logistics unveils plans for Texas cold storage facility; Mexico extends deadline again for Carta Porte tax document; and Volkswagen halts production of Jetta and Taos models.
This week: Husband-and-wife team delivers the U.S. Capitol Christmas tree, Wabash continues to support the local Feeding America food bank and Love’s distributes holiday meals to military families.
Nuclear verdicts against the trucking industry are becoming more frequent, with freight brokers now being sued after accidents.
A week after authorities say FedEx contractor Tanner Lynn Horner confessed to killing 7-year-old Athena Strand and dumping her body near her home in Paradise, Texas, investigators have released new information about Strand’s death.
Yellow is seeing large tonnage declines continue as the fourth quarter advances.
Reliance Partners will dive into B-1 driver-specific violations and DataQ challenges.
Parties in the still ongoing litigation surrounding AB5 and trucking have a new calendar that forecloses any new injunction until at least May.
UFI abruptly shuttered in November. Companies have been unable to retrieve their assets from the closed-up facilities.
Big numbers tied to electric infrastructure released this week reinforce the chicken-and-egg cliche about electric trucks.
Experts say Mexico has increasingly become a go-to production option as shippers seek to reduce supply chain risks with China.
The on-time delivery rates for the November shopping holidays were better than in 2021, Ship Matrix said.
Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.
The White House announced $36 billion in bailout money for the Central States Pension Fund that will benefit thousands of less-than-truckload drivers for Yellow and ABF Freight.
Port X Logistics has made a name for itself in drayage, expediting containerized freight throughout the U.S. and Canada. Now the company has brought its expertise into the airfreight arena.
COO Laura Ann Howell plans rapid growth and expects “HQ West” to be Reliance Partners’ second-largest branch.
RXO, spun off Nov. 1, released its third-quarter earnings to the SEC for its first stand-alone numbers.