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Trucking News Journal of Commerce

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Small carriers, who buy at the back of the depreciation curve, benefit most from a world where the equipment on the ground does not get orphaned by rule changes. Used truck values get a stability they have not had since the emissions era began, because a 2010-standard engine https://mylocalguide.org/guide-international-road-trips-border-crossing/ stays current technology instead of becoming the last of its kind. That last list reads like it was dictated by an equipment dealer, because parts of it probably were, but anyone who lived through the 2027-rule pre-buy planning cycles understands why lead time became a religion.

Outsourcing the review of unsafe driving videos can help a carrier maximize the return on a https://www.testking.us/the-decarbonization-paradigm-in-maritime-green-hydrogen-logistics/ dashcam-driven coaching system by handing the video clip screening process to experts. A $10 million lawsuit by a Georgia man whose pickup was rear-ended by a truck driven for a South Carolina amusement rides company will be heard in federal court. Bestpass-Fleetworthy Solutions, known primarily for its toll management services, is acquiring weigh station bypass company Drivewyze and signals that more acquisitions are ahead. New CEO Reid Spitz said 90% of HDVI’s customers saw improvements in key safety metrics like speeding or harsh braking in their first year working with the company. Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round valued at nearly $850 million. In 2024, cargo theft incidents surged to 3,625 across North America, a 27% year-over-year increase, with losses exceeding $455 million and an average loss per theft of $202,364.

“This effect is being driven by smaller carriers staying off the road in terms of avoidance. “Versus the smaller carriers, especially if you’re talking about a single-vehicle fleet, an owner-operator type, it is not that difficult to just https://scriptmafia.org/tutorials/485850-generative-ai-in-logistics-and-supply-chain-management.html not work for those three days. You can really damage your reputation if your equipment isn’t in order on this particular day. With so many inspections, the larger carriers are going to be inspected at higher rates.

Houthi announce new blockade of key Mideast shipping lane

trucking news

While cargo theft and ghost trucks remain the top mind for many logistics professionals, fraudsters are using fake trailer rental … DP World is reportedly planning a new UAE port and container terminal away from the Strait of Hormuz. Project44 announced that it is separating into two focused businesses to serve shippers and logistics service providers with greater precision. Federal prosecutors extradited Abdullah Anwar from Qatar to face conspiracy charges, but the FBI’s reference to cargo theft rings raised new questions. Logistics warehouse operator Prologis reported record leasing activity in the second quarter.

trucking news

Shares of Forward Air moved sharply lower on Wednesday after a stock market news site reported a full-company sale is “unlikely.” Monthly data from Cass Information Systems showed a volume recovery could be in store for an already supply-constrained freight market. Re-rates are now a significant cost driver for LTL shipments, and Old Dominion Freight Line is focused on identifying gaps and providing better data for shippers. Old Dominion Freight Line said the less-than-truckload demand picture is improving. XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns. The theft of England’s World Cup equipment is being treated as a sports story.

trucking news

  • The freight market tightened again in January, with transportation prices seeing the fastest growth rate since April 2022.
  • Some shippers are being forced to reprice their entire book as contractual truckload rates set just a couple of months ago are no longer being honored.
  • Another wave of trucking and logistics companies sought bankruptcy protection during May as carriers across the U.S. continued grappling with erratic freight demand and elevated operating costs, even as spot rates are surging.
  • The e-commerce giant says shipper need for flexibility in a volatile market led it to open its less-than-truckload service to “external” customers.
  • It has rocked the freight market if for no other reason than the cost of filling a truck has …
  • Bestpass-Fleetworthy Solutions, known primarily for its toll management services, is acquiring weigh station bypass company Drivewyze and signals that more acquisitions are ahead.

“January’s momentum didn’t reset after the holidays; it built on December’s,” said James Reyes, general manager at Loadlink. “The TCI already indicated consistently favorable conditions for trucking companies over the next couple of years, but the latest outlook is even stronger,” said Avery Vise, FTR’s vice president of trucking. With fleets aging, and new engine technologies expected at the start of 2027, better economic growth and improving rates support some prebuying ahead of the coming mandate.” The run-up in rates has likely given deep-pocketed large fleets confidence that the improving supply-demand balance will allow some of the early 2026 freight rate spike to stick beyond recent bad weather impacts.” He added, “Second, following nearly three years of stagnant freight rates, successive winter storms across the Midwest in December and January caused aggregate DAT spot rates to surge 17% year over year in January.

  • Is the freight market in a ‘Goldilocks scenario’?
  • “We are working with our members to assess potential next steps to mitigate the consequences of the Supreme Court’s decision.”
  • The companies say the deployment will help strengthen PepsiCo’s supply chain by improving delivery consistency, adding transportation capacity, and supporting customer service across its North American food and beverage operations.
  • “Broker-posted spot rates in the Truckstop.com system for dry van and refrigerated equipment moved in opposite directions,” the company said.
  • The index includes all domestic freight modes and is derived from $36 billion in spend processed by Cass annually on behalf of shippers.

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