Used truck auction prices plunge as freight market cools
Auction prices for used trucks are dropping as more equipment shows up amid cooling spot freight demand.
Auction prices for used trucks are dropping as more equipment shows up amid cooling spot freight demand.
Tampons are in short supply due to supply chain disruptions such as difficulty getting raw materials.
Bailey’s Trucking and its owner were charged with making false representations on an application to receive money through the Paycheck Protection Program.
Cold chain solutions provider FreezPak Logistics announced plans to add renewable solar systems to three of the company’s logistics operations.
Trailer makers continue to push away orders as supply chain issues in different areas vex production amid stable pent-up demand.
Trucker Tools CEO Kary Jablonski says taking advantage of technology can help owner-operators drive efficiencies in their operations.
Abney worked with the postmaster general at New Breed and XPO
“First, have no fear. Secondly, believe in yourself. Lastly, know your costs more than anyone else. When you have those things, you have the best chance for success,” said the president of Bottomley Enterprises.
It’s a complex chain from crude to the price of diesel at the pump. Fuels expert Gary Bevers reviews some of the factors that go into the process.
Truckload carrier P.A.M. Transport will acquire Metropolitan Trucking for $77.4 million, its first purchase in almost 20 years.
Werner’s senior vice president discusses how technology impacts brokers and truck drivers during FreightWaves’ Small Fleet & Owner-Operator Summit.
The feds released a first-time report aimed at developing a clearer picture of autonomous vehicle safety.
FreightWaves’ Justin Martin and Edison Motors’ Chace Barber discuss how older trucks can save smaller fleets money.
WTT was live from FreightWaves Small Fleet & Owner Operator Summit with project44’s Jett McCandless; CloudTrucks Tobenna Arodiogbu; Echo’s Jay Gustafson and ArcBest’s David Kessler
Jamie Hagen chats with James “The Rooster” Bowen on what it takes to move from company driver to owner-operator.
A fireside chat with consultant Paul Estrada discussing how small carriers can maximize relationships to get freight from large enterprise shippers.
Battling for loads in the declining spot market is exhausting for drivers who lack relationships and connectedness to customers.
COOP by Ryder’s national sales manager discusses factors impacting volatility in freight markets during FreightWaves’ Small Fleet & Owner-Operator Summit.
Truckers Against Trafficking’s Laura Cyrus shares red flags truck drivers can be on the lookout for that might indicate human trafficking.
A regional NLRB decision says an STG unit in California that had been owned by XPO treated workers like employees, and it has ordered a unionization vote for them.
FedEx adds Vena, a top rail executive, to its board. It also revises incentive targets and hikes its dividend 53%.
“Cash flow and back-office support has always been a large part of what we do. Yet there are so many other ways to help small and midsized carriers better compete in the industry, to not only survive tough market conditions but thrive during the better days as well,” said co-founder and CEO Fritz Owens.
An effort by Uber and Lyft to have voters define the companies’ drivers as independent contractors has been blocked by the Massachusetts Supreme Judicial Court.
Bala Subramanian will focus more on digital connections than predecessor Juan Perez.
DSV has been reported to be interested in acquiring C.H. Robinson’s global forwarding unit for as much as $9 billion.
Shippers and carriers are now managing their operations on a single AI-powered transportation management platform with PCS Software.
Logistics provider Schneider is recognized by PepsiCo as its Asset Sustainability Carrier of the Year.
TriumphPay improves the payments experience with expedited and secure transactions.
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
On WHAT THE TRUCK?!?: Why this startup is betting big on Tesla Semis; Biden vs Boats; Shifting FreightTech needs and news
FreightWaves SONAR data can be indispensable, particularly in this environment.
FreightWaves presents the Small Fleet & Owner-Operator Summit on Wednesday, June 15.
Cass freight data shows shipments recovered in May as costs stepped down from record levels.
Logistics provider LeeWay Services Inc. filed for an initial public offering of up to $17 million with the Securities and Exchange Commission Monday.
BulkLoads.com founders Jared Flinn and Matt Fredin continue to expand their service offerings, launching Bulk Insurance Group this week.
Almost all heavy-duty truck manufacturers are part of a safety recall involving improperly assembled steering gears from a Bendix subsidiary.
Ex-Amazon executive is seen as the more experienced operator that Flexport now needs.
Mexico-based suppliers are gaining ground in global manufacturing. Also, John Deere is transferring some U.S. operations to Mexico.
This week: Marathon Petroleum partners with WIT, CMA CGM plans to plant more coral nurseries and UPS re-commits itself to LGBTQIA+ employees for Pride Month.
Dock-to-driver programs can be a steppingstone for someone who can’t afford truck driving school.
TuSimple co-founder Mo Chen launches Hydron, an autonomous trucking venture that would use hydrogen fuel to achieve zero emissions.
On today’s episode Dooner and The Dude are ready to rumble as they’re talking to some of the most interesting and electric people in freight. Alex from The Asian Mai […]
In a presentation at the Gartner Supply Chain Symposium, a General Mills executive said transformation can’t occur if executives get tied up in the day-to-day.
Insurance, safety and visibility solutions were major talking points as the industry anticipates an uptick in cross-border trade.
Some free money from California to buy down the cost of electric trucks remains, but you better hurry to apply.
At a key supply chain forum, executives from FourKites sit down and talk about visibility and the need to meet increasing customer demands.
Less-than-truckload carrier Yellow Corp. reported another drop in tonnage during May as its terminal rationalization continues.
Why Flexport brought on Dave Clark; sriracha and tampon shortages; fuel is Morbin.
Redwood Logistics will give customers the option to track and offset carbon emissions associated with freight operations.
Shippers have a hard time removing early-termination provisions from their contracts.
The FMCSA is looking to the public to help settle a controversy over what constitutes freight brokers, agents and dispatch services.
Embark Trucks and BYD demonstrated what using electricity rather than diesel looked like in drayage with an autonomous truck.
The easiest way to stop cargo theft is before it happens, and that is what Overhaul is trying to do with its risk management products.
Data from a recent survey shows that supply chain executives are paying greater attention to diversity, equity and inclusion.
The agency’s acting administrator updated Congress on the status of the agency’s rulemakings at her nomination hearing.
A FreightWaves survey of freight brokers found significant differences in entry-level base pay and commission rates by region.
The big problem with big ships; Amazon exec now co-CEO at Flexport; Fighting driver wait times; America’s Trucker charity golf tournament and more on the podcast
Capacity increased again in May, according to the Logistics Managers’ Index. However, the transportation market stabilized in the back half of the month.
Green hydrogen producer Plug Power is building a plant at the Port of Antwerp-Bruges in Belgium to help decarbonize the region’s logistics.
Tractor Supply Co., which sells everything from lawn mowers to pet supplies, is a 2022 FreightWaves Shipper of Choice award winner.
Reducing logistics costs starts by optimizing operations one piece at a time.
XPO Logistics is the latest logistics company to partner with Google Cloud, which is quickly gaining traction in the supply chain world.
A combination of rising fuel prices, lowering spot rates and falling imports makes for a freight market in transition.
At the Gartner Supply Chain Symposium, a vice president says supply chain officers are going to rise in importance in their companies.
Bid rates have all but bottomed out, and many shippers are jumping at the chance to save some money. Some industry experts, however, are urging shippers to proceed with caution.
Fruehauf returns to the U.S. with a new trailer manufacturing plant in Bowling Green, Kentucky.
Schneider announced the acquisition of deBoer Transportation, a regional dedicated fleet of 160 power units.
The case of Daimler Truck’s missing powertrain controller modules may be tough to solve. The microchips in them are as popular as a Taco Bell drive-thru after the Great Mexican Pizza Famine and lots more valuable, so we all have a motive.
Restoration Hardware saw the need to be more flexible in its lane bid process but didn’t have the tools necessary to do so until it found Trimble’s Engage Lane.
Some truckers who joined the People’s Convoy are angry with organizers over the protest’s collapse and the fate of the $1.8 million raised from supporters.
On the first day of the big Gartner Supply Chain Symposium, an audience is told that no two days are ever alike in the supply chain business.
Saia has dropped firearms shipments after a spate of mass shootings.
Old Dominion Freight Line reported a continuation in positive revenue, pricing and tonnage trends during May.
Ryder management told an investors meeting late last week it had rejected a takeover offer by an activist investor and can meet its valuation targets.
A New Climate Ventures expert joins FreightWaves’ Net-Zero Carbon show to discuss the different ways captured carbon dioxide can be used for a circular economy.
Because electric vehicle charging infrastructure takes time to install, delivery fleets should be thinking about the shift to EVs now.
Last Mile Solutions told the Securities and Exchange Commission it is nearly out of cash and could run out of money this month.
The California Trucking Association filed its brief to the Supreme Court, laying out arguments why the court should review AB5 in the state’s trucking sector.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Houston kicks off a $1.1 billion ship channel expansion; trucks carried 68% of all U.S.-Mexico cargo moved in March; a Texas woman pleads guilty to embezzling millions from a shipping company; and Siemens plans to build a $35 million export plant in Mexico.
This week: Schneider is awarded another Ride of Pride truck from Freightliner, Shell Rotella SuperRigs gets ready to celebrate its 40th anniversary and Suttons Tankers wraps a truck to honor Queen Elizabeth II’s Jubilee.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
The executive transformed Amazon into a transport and logistics force.
Joining larger fleets as independent contractors could provide drivers with the support they need to weather volume changes and rate decreases while simultaneously coping with rising fuel and operational costs.
Truck transportation job gains posted in May were up more than 13,000, the third time in the last four months they’ve exceeded 10,000.
It’s another entry point into the business: being a dispatcher. Laura Weston joins Drilling Deep to talk about that route.
Development of 48-volt battery systems for commercial trucks will serve at least three purposes but the most urgent is in helping reduce emissions.
Startup WattEV sees its Truck-as-a-Service startup as a modern day Pony Express with electric trucks being swapped instead of horses .
Reliance Partners’ Brian Runnels details some of the items no driver should hit the road without.
KlearNow has launched KlearNow Drayage, a marketplace for importers and drayage operators.
Nikola Corp. adjourned its annual meeting Wednesday after too few investors voted on a proposal to raise the number of shares in the electric truck maker.
Jaypur Logistics tried to avoid a federal out-of-service order by changing its name to JPL Logistics, according to the FMCSA.
Right now, every dollar matters, and it is important for companies to up their game when it comes to transportation spend management.
The current president of XPO’s North American brokerage unit to head the spun-off company’s most important business.
A couple of less-than-truckload carriers reported positive demand trends for the first two months of the second quarter.
This week in rates; used truck prices drop; getting drivers benefits; weather vs freight and more
New operating efficiencies could open the door to expanded fleet electrification, the Postal Service says.
Freight broker Landstar System announces another change at CFO.
“As a $4 billion industry leader, we have a great responsibility to pursue activities and initiatives that improve the sustainability of our operations, provide an inclusive workplace for all and give back to the communities where we operate.”
Heartland Express made its first acquisition since 2019 with its purchase of Smith Transport, a Pennsylvania-based truckload carrier.
Ahead of its June webinar, 3GTMS and its partners discuss why freight brokers and 3PLs should embrace the latest FreightTech.