“We are looking to empower these independent contractors and truly treat them as owners of their businesses,” Luke Denny, co-founder and CEO, told FreightWaves.
“We think about these investments as long term. We’re not making them for the next few quarters, we’re making them for the next few years and beyond,” said XPO’s Ali Faghri.
Two Canadian cities are taking an aggressive stance against illegal truck parking and storage in their communities.
This week in Borderlands: LG Energy Solution is building a $5.5 billion EV battery plant in Arizona; a France-based auto parts maker opens a $147 million plant in Mexico; Nuevo Leon opens a $100 million “peripheral” highway; and an Arizona port of entry opens cold storage rooms.
The port of entry in Laredo, Texas, regained the No. 1 spot among the nation’s 450 international gateways for the first time in three years.
“TrueTMS carries a price point that is affordable for a one- to 20-truck operator to purchase,” says T3 Tech’s George Thellman.
DFI Systems’ president says soaring lumber prices, the costly decision to move the company’s headquarters during the COVID-19 pandemic and the inability to find new investors was the perfect storm that forced him to lay off 90 workers, including truck drivers, in late March.
It has been just over a year since Craig Fuller, CEO and founder of FreightWaves, wrote an article titled “Why I believe a freight recession is imminent,” published March 31, 2022, in which he predicted the U.S. trucking market was heading toward a significant downturn.
Computer issues have led to long lines for Mexican cargo truckers at a Texas border port of entry.
Walmart doubles down on omnichannel.
Tesla issued a voluntary recall of 35 Semi trucks just three months after its release.
Chinese automaker Jetour announces $3B electric vehicle assembly plant in Mexico.
Interstate Health’s CEO explains how addressing the needs of both truckers and travelers can make a highway care network work.
This week in Borderlands: RXO invests $30 million and expands its logistics operations in South Texas; the Mexican state of Nuevo Leon is investing $22 million to expand a border bridge; Packwell is set to build a resin logistics center at Port Houston; and RK Logistics Group opens a Texas distribution center.
Rachel Premack, editorial director at FreightWaves, was interviewed Tuesday about her article on the impact of the ELD mandate five years later.
toB wants to capture more of the fleet card market by focusing on trucking fleets, owner-operators, last-mile operators and auto rental companies.
Industry insiders are accusing some ELD vendors of exploiting flaws in the Federal Motor Carrier Safety Administration’s technical specifications to let trucking companies and their drivers skirt hours-of-service rules.
Join FreightWaves Founder and CEO, Craig Fuller, and Head of Market Intelligence, Zach Strickland on April 20 at 2pm ET for a conversation sharing critical insights from our SONAR platform and an advanced look into the freight market.
Most of the time, March brings some reprieve from the post-holiday demand slump. This year, consumers appear to be less apt to resume their normal spending habits.
This week in Borderlands: Mexico recorded 237 cargo thefts the first two months of 2023; Port of Lazaro Cardenas will receive a $322 million investment; Penske Logistics is laying off 152 workers in Fort Worth; and a Texas contract manufacturer expands its logistics facility and trucking fleet.
AskWaves looks at some of the stranger loads drivers have had to transport over the road.
A Miami-based trucking company and freight brokerage, which also owns a CDL training school, filed for Chapter 11 bankruptcy protection.
Federal investigators in California recently ordered two separate logistics operators to pay more than $1 million in back wages to Mexico-based warehouse workers.
Some 455 truck drivers who worked under the banner of Flagship Transport haven’t heard from their employer in a week.
Tesla’s new electric vehicle plant in Mexico could increase cross-border trade with the U.S. by $15 billion annually, officials said.
“To get ahead of the curve on stringent climate disclosure requirements proposed by the SEC and [the ISSB], shippers need to transition from manual data gathering and estimations of their scope 3 carbon footprint to tools that efficiently and accurately provide emissions reports in real time,” said Convoy Corporate Sustainability Analyst Kiana van Waes.
This week in Borderlands: Truck driver salaries in Mexico averaged $4,400 in 2023; Phillips Industries opens a new plant in Mexico; Arcadia Cold Storage firm eyes Southwest distribution market; and Fr8Tech launches freight matching for LTL services in Mexico.
Historic rainfall has flooded key agricultural areas of California. Farmers there say the deluge has delayed their planting and harvesting — and even sparked disease in some crops.
One key trucking demand metric has been in decline for seven straight months, and more cuts in federal benefits could further challenge volumes.
What would happen if trucks stopped hauling freight?
FreezPak Logistics plans to open a 212,807-square-foot temperature-controlled warehouse near Chicago.
Last month, CloudTrucks surveyed 1,000 U.S. adults about general perceptions of truck drivers and if they have heard of the truck parking shortage. The results, published in CloudTrucks’ 2023 Truck Parking Shortage Survey, highlight that while Americans generally have a positive view of truck drivers, most respondents didn’t know that the parking shortage had a major impact on their quality of life.
FLS Transport Services offers a free KPI scorecard to shippers.
Lawmakers in Canada are working to keep trucking companies with poor safety records off the roadways.
Mexico’s heavy-duty truck manufacturers exported 12,702 vehicles to the U.S. in February.
Inside this edition: Mexico hits back-to-back trading partner win; omnichannel the next big move for 3PLs; and big developments in the land of C.H. Robinson.
This week in Borderlands: Mexico starts 2023 as top U.S. trade partner; construction for new Texas commercial port of entry begins; transporter closes Texas terminal and cuts 60 jobs; and Kansas logistics company leases Texas distribution center.
More than 3 million commercial trucks used the Texas State Highway 130 toll road between Austin and San Antonio in 2022.
A plan to allow 18-to-20-year-old truck drivers to haul interstate cargo got a sharp rebuttal at the Truckload Carriers Association (TCA) conference by Knight-Swift President and CEO David Jackson. The plan was conceived as a way to address the driver shortage and is strongly supported by the Biden administration and the American Trucking Associations (ATA).
A North Carolina trucking company notified more than 200 employees on Tuesday it is ceasing operations.
A critical skill for operators and fleets in 2023 is budget planning and forecasting. Being able to accurately predict operating expenses allows your fleet to reign in costs and improve […]
A former FedEx Ground contractor, accused of killing 7-year-old Athena Strand of Paradise, Texas, pleaded not guilty to capital murder and aggravated kidnapping charges on Monday during his arraignment hearing in Wise County, Texas.
What if the English trucker who made off with 200,000 Cadbury Creme Eggs was trying to spare innocent taste buds?
While recruiters are always searching for skilled truck drivers — using sign-on bonuses and paying incentives to attract drivers to come work for their trucking companies — there’s little mention of who pays if the driver dies while under a load.
This week in Borderlands: Houston export terminal lets Temco capitalize on grain demand; $10M FAST lanes completed at World Trade Bridge; Spearpoint Logistics to open distribution hub in Texas; and Port Houston’s terminal container yards receive upgrade.
Join FreightWaves Founder and CEO, Craig Fuller, and Head of Market Intelligence, Zach Strickland on March 16 at 2pm ET for a conversation sharing critical insights from our SONAR platform and an advanced look into the freight market.
Falling spot rates, falling contract rates and falling revenues create rising stress and blood pressure in truckload operations teams.
Tesla has confirmed that its next electric vehicle factory will be near the Mexican city of Monterrey.
Tesla is set to build an electric vehicle manufacturing plant in the Mexican city of Monterrey.
Canada has allocated $46 million in funding to recruit and train up to 2,600 new truck drivers and other transportation related jobs.
A preliminary hearing has been set for March 7 for a mother and son charged with swindling more than $600,000 from the Minnesota-based freight brokerage where they both worked.
This week in Borderlands: Nearshoring creates booming demand for border logistics facilities; Ascend reserves capacity in Volvo’s autonomous lane in Texas; ZF Group announces $250M expansion in Mexico; and Port of Brownsville posts record cargo volumes in 2022.
Last year’s peak retail season stands apart from previous years in that there wasn’t much of a “peak” at all.
The former safety manager of two California trucking companies was sentenced to three years of probation for his role in an illegal cargo tank repair conspiracy.
What is a Runaway Truck Ramp?
Shippers and carriers alike have been forced to deal with the financial fallout of a global pandemic, war, rising fuel costs and the looming threat of an economic recession.
On Tuesday, FreightWaves Research released survey data suggesting declining freight conditions are impacting owner-operators especially hard. An important takeaway is the potential for many more owner-operators to leave the industry if conditions do not improve.
“When you work in the automotive industry, there’s an inherent pressure and stress that comes with moving these shipments,” said Gregory Grimes, the owner and managing partner of West Central Motor Freight.
“We knew the port terminals, we understood their operations, but mostly we understood their systems and data. We thought we could be the bridge that wasn’t created before that could speak both parties’ languages and get containers in and out,” said BlueCargo co-founder and CEO Alexandra Griffon.
Big names like C.H. Robinson, Uber Freight and Convoy have all cut staff in recent months. Here’s what’s driving the freight brokerage layoffs.
Rosemary Coates of the Reshoring Institute discusses supply chain strategy during FreightWaves’ Global Supply Chain Week.
When asked to select statements that applied to them, 35% of self-identified owner-operators checked, “If the market does not rebound materially by the end of 2023, I will leave the industry.”
Experts predict more nearshoring of manufacturing to Mexico in 2023, especially for supplies of components used in green technologies.
This week in Borderlands: Exports of Mexican-built Class 8 trucks hit 15,221 in January; railroad cargo thefts drop 21% year over year across Mexico; fuel and lubricants distributor expands into South Texas; and rare insect intercepted in shipment at Otay Mesa port of entry.
When trucking capacity tightens and rates increase, intermodal shipping by rail becomes more attractive in general. That does not appear to have happened during the pandemic years.
Lawmakers in Iowa and Florida are considering bills to curb nuclear verdicts against trucking companies.
Your latest info on all things in the cold chain world
The American Transportation Research Institute is again investigating the safety and other impacts on the trucking industry of state-level marijuana legalization — as well as additional questions the issue raises.
On Thursday, according to a news release, BP Products North America Inc., a subsidiary of BP, reached an agreement to purchase TravelCenters of America for $1.3 billion in cash. The purchase of TA is expected to add around 280 travel centers and double BP’s global convenience gross margin.
Austin, Texas-based Overhaul has acquired SensiGuard in a deal aimed at increasing the supply chain security firm’s global footprint.
The 3PL’s first-quarter update is bearish on truckload rates.
Convoy is looking to improve the contracted freight market for small carriers and shippers with forever-evolving freight needs.
The Canadian Trucking Alliance and OOIDA call on President Joe Biden to end the U.S. border vaccine mandate.
FreightWaves’ Noi Mahoney reports that, according to CargoNet data, a surge in cargo thefts near the end of 2022 led to an estimated $223 million in goods being stolen across Canada and the U.S.
FleetCor Technologies beat Wall Street quarterly revenue and earnings estimates and offers a positive outlook for 2023.
What can be done to alleviate emissions and decarbonize transportation in the ports?
The U.S. Postal Service is canceling its mail contract with a California-based trucking company with a history of safety violations and drivers who were involved in two fatal crashes in the past two years.
Supply chain technology provider Trimble Inc.’s transportation revenue was $150 million in the fourth quarter and $604.2 million in 2022.
Cargo thieves stole more than $223 million worth of merchandise in 2022, led by household items, electronics and food and beverage goods.
Join FreightWaves Founder and CEO, Craig Fuller, and Head of Market Intelligence, Zach Strickland on Feb. 28 at 2pm ET for a conversation sharing critical insights from our SONAR platform and an advanced look into the freight market.
Former Celadon trucking officials have settled a fraud case with the Securities and Exchange Commission.
This week in Borderlands: Xcell Logistics sees big opportunities with cross-border trade; BMW to invest around $800M in Mexico in EV push; sensor-maker announces new factory in Mexico, creating 700 jobs; and Careismatic Brands moves into major distribution hub in Dallas.
Hub Group had higher revenue in its logistics, truck brokerage and intermodal segments during the fourth quarter.
GoFreight, a startup freight shipping platform for small and midsized freight forwarders, recently raised $23 million in a Series A round.
Christopher Thornycroft, executive vice president at Redwood, joined us to talk about the Lunar New Year and what it means for freight demand. For those unaware, the Chinese Lunar New Year holiday began Jan. 22 and typically lasts two weeks. This year, it will end with the Lantern Festival on Sunday.
Carriers make good on drivers’ on- and off-the-road preferences
If Mexico wants to attract more foreign manufacturers, experts say the country must take big steps to stay ahead of the global competition.
Michigan trucking company auctioning equipment after 50 years
After a notice Tuesday by the Federal Motor Carrier Safety Administration that it is revoking an electronic logging device — TMS ONE’s ELD ONE — from its list of self-certified ELDs, CEO Radu Murzac says the company is working on a fix and plans to have the “final issue” resolved in less than two weeks.
This week in Borderlands: Port Laredo ranks No. 1 for U.S.-Mexico agricultural trade; RJW Logistics to open shipping hub near Dallas; major logistics facility set for Nuevo Laredo; and Japanese air conditioning manufacturer investing $300M in Mexico.
Your latest info on all things in the cold chain world
The former co-owner of an Iowa trucking company was sentenced Tuesday for orchestrating an elaborate $250,000 check kiting scheme. He is also facing unrelated charges in state court that he allowed more than 800 pigs to starve or freeze to death in his care in December 2021.
Debuting in 1936, the Oscar Mayer Wienermobile was created as a marketing device and to transport the company spokesman. The unique transportation method went on to symbolize the meat brand and 21st century Americana.
A report published Wednesday by Morgan Stanley Research highlights demand expectations and how carriers and brokers are hungry for freight.
Authorities in Mexico reported more than 8,000 incidents of stolen cargo trucks and trailers in 2022.
By the end of the week, Convoy carriers will be able to receive instant bid feedback on 98% of company-sourced loads.
To address the ongoing climate crisis and slow global warming, governments, corporations and organizations across the globe have set their sights on a greener future.
Tesla announced it is investing $3.6 billion to build two new factories in Nevada, including a facility to mass produce its all-electric Class 8 Semi truck.
Get your “easy button” with a modern, SaaS-based TMS! A next-gen TMS helps streamline operations and automate the quote-to-cash cycle for freight transactions. But there’s other benefits too. Investing in […]
Josh Smith, vice president at Variant and over-the-road operations at U.S. Xpress, spoke to FreightWaves about the Variant program and how technology and operations are vital to success in trucking.
