J.B. Hunt and Knight-Swift reported higher pressure from customers to cut contracted rates in Q1 bids in an effort to extend savings before the market’s eventual turnaround.
Insurance woes weigh down Knight-Swift earnings. Reading tea leaves with Covenant Logistics’ Q4 results; evolution of cybersecurity in the supply chain with Antwan Banks
On Wednesday the American Transportation Research Institute (ATRI) released its latest Cost of Congestion study showing U.S. highway traffic congestion added $94.6 billion in costs to the trucking industry.
In what is far from a nuclear verdict, a long-running suit against Knight Transportation in California was settled for $400,000.
Laid-off employees came from support departments including Human Resources, Information Technology (IT) and other ancillary support roles. IT roles affected by the event included business analysts, scrum masters, quality analysts, product managers, and project managers.
The outgoing head of U.S. Xpress is joining a Chattanooga, Tennessee-based nonprofit that focuses on sustainable mobility entrepreneurs.
U.S. Xpress has laid off about 150 staffers and reported a hefty loss to the SEC.
Also on the podcast: A key agency reviews the outlook for the tight oil market.
CEO Dave Jackson says Knight-Swift “stepped up and we put a chunk of coin down to make sure all of our data stays private.”
No one knows how long freight will continue to break new records; only time will tell.
