Freightwaves trucking news.

Mar 30, 2023 · The California Trucking Association (CTA) lawsuit that dates back to 2019, which resulted in an injunction that kept AB5 at bay in trucking for 2 1/2 years until the U.S. Supreme Court declined to review a lower court ruling against the injunction, faced a deadline Wednesday for filing additional briefs. Those briefs were to be filed by the ... A bobtail truck is a semi truck that travels from one point to another without a trailer. Sometimes a trucker has to drop off an entire trailer at his destination and travel elsewhere to pick up another trailer. Truckers are often paid roun...Commercial truck insurance is important because there are many truck accidents every year. It is not only mandatory for truckers to have insurance, it’s mandatory for them to maintain it as well.This fireside chat recap is from FreightWaves’ Net-Zero Carbon Summit on Thursday. FIRESIDE CHAT TOPIC: Revolutionizing procurement to decarbonize trucking. DETAILS: Rik Arends, director of the Sustainable Freight Buyers Alliance (SFBA) at Smart Freight Centre, explains the importance of collaborative efforts between customers and …Web

April 5th, 2021, 8:41 AM PDT. Freightwaves CEO Craig Fuller speaks to Bloomberg's Guy Johnson and Alix Steel about the recover of the trucking industry and the historic …FreightWaves Daily; FreightWaves Best Of; AS Daily; AS Week In Review; Modern Shipper; Supply Chains. The Stockout (CPG & Retail) Running on Ice (Cold Chain) Must Reads. What The Truck; MODES Newsletter; Net-Zero Carbon; Truck Tech; Check Call (3PL News/Analysis) Loaded & Rolling (Enterprise Fleet News/Analysis) Trending Now. Ocean Cargo ...

Class 8 truck orders hit their highest level in six months in August. (Photo: Jim Allen/FreightWaves) Preliminary net Class 8 truck orders reached 19,000 units in August, 9% below a year ago. But they were the highest in six months. Bookings should begin to rise in September as the 2024 order season accelerates.The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes and 10,000 daily spot market transactions. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. Spot rates are currently 34% lower y/y. Mehrotra previously cut his first-quarter earnings-per-share ...

Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. He also is a trucking industry veteran, having founded and managed the Xpress Direct division of US Xpress Enterprises, the largest provider of on-demand trucking services in North America.WebJune 28: More than 60 small trucking companies are collectively owed millions of dollars after Transplus Freight System Inc. (Transplus), a Mississippi-based …Port trucking gets a big boost through DOT grants. (Photo: Jim Allen/FreightWaves) WASHINGTON — About $290 million of $653 million in new federal grants awarded by the Biden administration will be used to improve truck capacity at U.S. ports. The U.S. Department of Transportation announced on Friday the winners of the …FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year (3,000 employees) and Celadon’s shuttering (5,500 employees) ended it. There were hundreds …

Oct 18, 2023 · Trucking Regulation. Trucking regulations are determined by several government agencies in the United States. The Federal Motor Carrier Safety Administration (FMCSA) is the lead agency responsible for trucking laws, regulating and providing safety oversight of commercial motor vehicles (including over 500,000 commercial trucking companies.

Jul 18, 2023 · The Teamsters union has threatened to strike by Monday if this is not resolved and the pension contributions remain in default. The company owes $50 million, a large sum for a company in financial distress. Yellow currently has in excess of $100 million in cash reserves, according to an 8-K filed on July 7. If a strike comes to pass, this would ...

A Missouri-based trucking company, which contracted with the U.S. Postal Service to haul mail, recently ceased operations and filed Chapter 7 bankruptcy. Family-owned Rooney Trucking Inc., headquartered in Polo, filed its petition in the U.S. Bankruptcy Court for the Western District of Missouri on Monday. Attorney Ryan Blay told FreightWaves ...The worst trucking market prior to the current one was in 2019, the “Trucking Bloodbath.”. At one point, FreightWaves reported on 10 trucking bankruptcies in a single week. New England Motor Freight’s (NEMF’s) bankruptcy opened the year (3,000 employees) and Celadon’s shuttering (5,500 employees) ended it. There were hundreds …Truckload spot rates tank fast thanks to fuel costs. The truckload spot market has fallen apart over the past two months. Larger fleets are in far better shape for weathering the storm. Read More ». Zach Strickland, FW Market Expert & Market Analyst Saturday, May 14, 2022.WebJohn Gallagher. · Monday, August 29, 2022. Hemp loading onto back of truck. (Photo: 357 Hemp Logistics) Since passage of the 2018 Farm Bill legalizing the cultivation and sale of hemp and its derivatives, a lack of guidance governing how the cargo is transported has been a potential barrier for trucking companies looking to take advantage of ...Based in Chattanooga TN, Thomas is an Enterprise Trucking Carrier Expert at FreightWaves with a focus on news commentary, analysis and trucking insights. Before that, he worked at a digital trucking startup aifleet, Arrive Logistics as an Account Executive, and 5 years at U.S. Xpress Enterprises Inc. with an emphasis on fleet …At the end of 2020, only 12.5% of drivers who had tested positive had been cleared to drive again. In 2021 that number increased to 22.7%, and it increased again in 2022 to 27.6%. Garney also noted that starting on Jan. 6 — after three full years of clearinghouse operation — motor carriers were no longer required to query a driver’s ...Web

Yellow, a 99-year-old company headquartered in Nashville, Tennessee, employs some 30,000 workers. About 22,000 of them are represented by the Teamsters union.Teamsters and Yellow have been locked in a monthslong strife over changing key work rules at the trucking fleet.The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable. At the peak of the pandemic, containers essentially stopped moving.In essence, B-1 drivers are taking jobs from U.S. truckers, according to the Texas trucking company owner. In some cases U.S. carriers unlawfully use Mexican drivers with B-1 visas, “because they can’t find U.S. drivers,” said the owner. “These guys are running internal split fleets with subsets of drivers.”.WebOnly 11% of loads are getting rejected right now, way down from 25% at this time last year. (FreightWaves SONAR) Through the end of 2020 and throughout 2021, trucking was “white-hot,” said Amit Mehrotra, managing director of transportation and shipping research at Deutsche Bank.WebTrucking demand is softening. (Photo: Jim Allen/FreightWaves) Trucking demand is “near freight recession levels,” according to Bank of America. Shippers’ outlook on rates, capacity and inventory levels are matching attitudes not seen since May and June 2020, when pandemic lockdowns sent freight volumes into a historic decline. In a Friday ...June 28: More than 60 small trucking companies are collectively owed millions of dollars after Transplus Freight System Inc. (Transplus), a Mississippi-based …

In under a year he helped build FreightCasts, the world’s largest logistics and supply chain podcast network in media. WTT is ranked in Apple Podcasts top-20 Business News podcasts. He also writes a newsletter of the same title with over 15k subscribers in the supply chain and trucking niche. Dooner has been in freight since 2005 and has held ...FreightWaves. Axle aims to empower trucking companies using big data. 4 min. While digital highways are connecting more and more of the global supply chain — including linking every tractor-trailer in the U.S. to the internet — the founders of Axle said most trucking companies and logistics operators are still missing out on a wealth of data.Web

8 min. California has filed its legal arguments opposing the request for a preliminary injunction that would block imposition of independent contractor law AB5 in the state’s trucking sector and was able to cite developments in the sector since the law went into effect last year. Both the California Trucking Association (CTA) and the Owner ...WebFreightWaves supply chain news coverage is your leading source of global supply chain updates and information via freight data. Subscribe now for free ... Lowe’s has been changing the way it deploys trucks to deliver goods and has garnered a spot on FreightWaves’ annual list honoring shippers. Read More » Eric Kulisch ...That’s not the carrier taking advantage. That’s the market dictating what the cost should be over time.”. The key is preparing leadership for the trends that inevitably drive transport pricing, Banfield told Craig Fuller, FreightWaves founder and CEO. “For the past 12 years, there has been a 2.8% to 3.2% increase in truckload costs.Nov 29, 2023 · Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022. In 2019, ATRI released a study on recreational marijuana laws’ possible effects on the trucking industry. At the time, 11 states had legalized marijuana. Since then, that number has nearly doubled to 20, prompting the new study. The original study specifically looked at safety issues brought on by an increase in passenger vehicles …2 min. The U.S. District Court for the District of Kansas ruled Friday against less-than-truckload carrier Yellow Corp.’s request for an injunction, which would have kept its Teamsters employees from engaging in a work stoppage. In her decision, Senior Judge Julie Robinson denied a motion for a temporary restraining order and injunction.WebClarissa has covered all aspects of the trucking industry for 14 years. She is an award-winning journalist known for her investigative and business reporting. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. If you have a news tip or story idea, send her an email to [email protected].Craig Fuller, CEO at FreightWaves Thursday, August 10, 2023. Truck drivers, construction workers and other manual workers are getting a huge pay raise. Get used to it. UPS’ CEO announced that drivers will be making $170,000 a year in pay and benefits by the end of a five-year employment contract.Ex-Celadon executives Eric Meek and Bobby Lee Peavler had been indicted on nine counts of fraud for an alleged accounting scheme. (Photo: Jim Allen/FreightWaves) The Securities and Exchange Commission has agreed to settle an accounting fraud case against two former Celadon Group Inc. executives accused of engaging in a scheme to hide millions ...

Michigan trucking fraudster sentenced to 17 years for $40M Ponzi scheme. Franklin Ray was sentenced to 212 months in federal prison for his role in multiple fraud schemes, including bilking investors out of $40 million in a truck investment venture. Read More ». FreightWaves Staff Wednesday, November 29, 2023.

Apr 11, 2023 · Cromex Inc. FreightWaves Trucking Trucking shutdown. F3: Future of Freight Festival 2023 Promo. 0:00 / 1:07. Team drivers for Cromex Inc. of Villa Park, Illinois, say they were stranded for three days in a hotel room, more than 1,000 miles from home, after the owner failed to deliver on his promise to pay drivers and set them up in a new truck.

FreightWaves. Trucking bloodbath snares fleets large and small. 9 min. America’s $875 billion trucking industry is struggling. The number of authorized interstate trucking fleets in the U.S. declined by nearly 9,000 in the first quarter of 2023, according to federal data analyzed by Motive, a fleet management technology company.People Express Transport, which specialized in hauling produce and meat in western Canada and the U.S., ceased operations on April 22, the day that a judge placed the carrier into receivership under Canada’s Bankruptcy and Insolvency Act. It had a fleet of about 150 trucks and owed CA$12.2 million ($10.1 million), according to court documents ...WebWorkers have also been unable to plant crops like tomatoes, one expert from the University of California’s farming extension center told FreightWaves. That’s bad news for the trucking industry. Truckers …2 min. Yellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the less-than-truckload carrier will file bankruptcy on Monday, according to three employees who attended the video call. Yellow ( NASDAQ: YELL) is the third-largest LTL company and employs some 30,000 workers, including ...Trucking and logistics companies are seeing a massive downturn. FreightWaves has reported on the biggest shutdowns and layoffs since 2022.Indiana-based Elmer Buchta Trucking and its entities recently filed for Chapter 11 bankruptcy. Photo: Jim Allen/FreightWaves. An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions.Sep 25, 2023 · Indiana-based Elmer Buchta Trucking and its entities recently filed for Chapter 11 bankruptcy. Photo: Jim Allen/FreightWaves. An 85-year-old Indiana-based trucking and logistics company and its affiliates recently filed for Chapter 11 bankruptcy protection less than nine months after it was acquired by private-equity firm Transport Acquisitions. Clarissa Hawes. · Monday, July 17, 2023. Georgia-based Big J Express filed for bankruptcy on Friday. (Photo Credit: Jim Allen/FreightWaves) Listen to this article. 4 min. A Georgia-based trucking company, which reported a significant drop in revenue this year compared with the previous two years, filed for bankruptcy liquidation on Friday.FreightTech experts weren’t completely surprised by the news, with most detailing concerns for the initially drayage-focused freight marketplace from its inception. “I first learned about NEXT Trucking when Lidia [Yan, co-founder and former CEO] was on stage during a FreightWaves event in 2019.

Jul 31, 2023 · Less-than-truckload carrier Yellow Corp. closes after 99 years in business. (Photo: Jim Allen/FreightWaves) The biggest bankruptcy in U.S. trucking history could occur in the coming days when the nation’s third-largest less-than-truckload carrier, Yellow Corp., files. The company ceased all operations at noon on Sunday, and leadership ... FreightWaves provides award-winning trucking news coverage. Subscribe to your leading source of news for free!FreightWaves. Axle aims to empower trucking companies using big data. 4 min. While digital highways are connecting more and more of the global supply chain — including linking every tractor-trailer in the U.S. to the internet — the founders of Axle said most trucking companies and logistics operators are still missing out on a wealth of data.Instagram:https://instagram. cosmos stocksaramco stockscien +demo forex trading account She’s especially interested in trucking news. Before joining FreightWaves in 2022, Rachel was a senior features reporter at Business Insider. She created the trucking news beat at Business Insider, and has appeared on NPR Marketplace, ABC News, NBC Nightly News, The Today Show, France24, and other major outlets to discuss her coverage. carvana after hourswayfait stock John Kingston. · Friday, November 03, 2023. Job totals in truck transportation declined for the fourth time in five months. (Photo: Jim Allen/FreightWaves) Employment in the truck transportation sector in October recorded its fourth decline in the past five months as total jobs in that classification are now down more than 30,000 since its ... short stock list Uber Freight works with Aurora Innovation and Volvo Autonomous Solutions. It recently signed a 10-year agreement with Waabi, a newer entry to the Level 4, high-autonomy space, to schedule loads on its digital freight network. Before Waymo Via put its autonomous trucking business into hibernation, Uber Freight had big plans with them, too.2 days ago · FMCSA’s own statistics red-flags the problem. Of 690,091 interstate freight carriers eligible for an FMCSA safety rating in 2021, 646,777 — roughly 94% — did not have a rating, according to the agency’s most recent annual safety data, published in December 2022. “A system that rates less than 10% of the eligible population is ...