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The Great Freight Recession: Is The Market Improving?

April 19, 2024
The trucking industry shows signs of improvement as the rate of contraction slows and demand remains strong. It's crucial to note that this doesn't imply a thriving market but rather signifies progress in rebounding from the industry's prolonged downturn.
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Fake Invoices: Dispatcher Accused of Embezzling Over $100K

April 19, 2024
A Miami-Dade truck dispatcher is accused of embezzling over $100,000 from his employer, Trans Maco Transport.
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Tesla Still Planning To Build 1,800-Mile Charging Corridor

April 19, 2024
Tesla is determined to build a charging network for electric semis along a major route between Texas and California. This "first-of-its-kind" project would be a major step towards cleaner long-distance trucking, but faces challenges after missing out on a key federal grant.
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J.B Hunt Posts Massive Q1 Earnings Miss

April 17, 2024
J.B. Hunt Transport Services reported lower-than-anticipated profits for the first quarter, missing analysts' estimates. This decline stemmed primarily from a 9% drop in revenue per load across both their key Intermodal (JBI) and Truckload (JBT) segments.
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Container Import Volume Trajectory Is Strong

April 17, 2024
The U.S. container import market remained robust in March, fueled by a unique factor: the timing of the Lunar New Year. This key holiday fell nearly three weeks later in 2024 compared to 2023, impacting import patterns.
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Carrier Review of the Week: Dade County Logistics 🏆

April 17, 2024
Carrier Review Of the Week, presented by CarrierSource. CarrierSource helps you find the best carriers to move your freight. Bringing trust to the logistics industry with authentic reviews alongside FMCSA safety, compliance, and insurance information.
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FBI Opens Criminal Probe Into Baltimore Bridge Collapse

April 17, 2024
New details emerged on April 15th regarding the cargo ship involved in the deadly Baltimore bridge collapse. Just hours after the FBI announced a criminal investigation, an anonymous source revealed potential pre-existing problems with the vessel.
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The Masters & Freight Representation

April 15, 2024
While Scottie Scheffler (and the rest of the field) battled it out at The Masters this weekend, the world of freight was also showing off some impressive sponsorship moves. We're looking at a few that caught our attention.
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Top 15 Largest Logistics Companies In 2024

April 15, 2024
The landscape of North America's largest third-party logistics providers has undergone significant shifts in the past year due to a freight market downturn, reduced broker margins, and a wave of high-profile acquisitions.
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Over 1,300 Layoffs Hit Logistics Companies

April 15, 2024
Layoffs continue across the freight and logistics industry, with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks.
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FMCSA Forces Transparency From Uber Freight

April 12, 2024
This story details how owner-operator Richard Blaga, working with his small fleet, fell victim to a double brokering scam on Uber Freight's network in late 2023. Blaga booked a load of wine for $8,850 but ended up unpaid after the load was double brokered.
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Partnership For In-Road, In-Motion Charging For Electric Semi Trucks

April 12, 2024
Indiana is taking a big leap towards the future of electric vehicles with a groundbreaking collaboration between the Indiana Department of Transportation (INDOT), Purdue University, and Cummins.
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CBP Officers Seize $888K In Cocaine From Semi At Rio Grande

April 12, 2024
U.S. Customs and Border Protection (CBP) foiled a drug smuggling attempt at the Rio Grande City Port of Entry in Texas.
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Trucking Stakeholders Feud Over CDL Test Flexibility

April 12, 2024
A plan by the Federal Motor Carrier Safety Administration (FMCSA) to ease CDL testing rules faces resistance from truck owner-operators and safety groups.
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Norfolk Southern To Pay $600M In Settlement Over Derailment

April 10, 2024
A $600 million settlement has been reached between Norfolk Southern and residents affected by the February 2023 train derailment in East Palestine, Ohio. The derailment caused a fire and spilled hazardous chemicals, leading to evacuations and concerns about long-term health.
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Baltimore Port Channel Set To Fully Reopen In May

April 10, 2024
The Port of Baltimore is set for a phased reopening following the bridge collapse incident. The U.S. Army Corps of Engineers (USACE) is aiming to open a temporary limited access channel.
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Minnesota Man Pleads Guilty To Embezzling $1.3M From Dealership

April 10, 2024
In federal court, a man from Minnesota has admitted to embezzling over $1.3 million from his employer, I-State Truck Centers, over several years.
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Carrier Capacity Rebalances Further In Q1

April 10, 2024
The trucking market might be starting to rebalance after a period of rapid growth. Data from the Federal Motor Safety Carrier Administration shows a recent decline in trucking companies shutting down, suggesting a potential market correction. However, this doesn't necessarily mean smooth sailing ahead.
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March Produce Reefer Volumes 🚀

March 29, 2024
As we wrap up Q1 and gear up for Q2, it's the perfect time to dive into the world of fresh produce! March marked the unofficial start of the season, and with it comes a shift in what's available and where it comes from.
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Most Dangerous States For Truck Drivers

March 20, 2024
A Georgia law firm specializing in auto accidents, Baderscott.com, has released a study on the riskiest and safest states for drivers in the U.S., based on data from 2022 and 2023.
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Fraud On The Rise: Truckstop Phishing Scheme

March 20, 2024
Phishing scams are on the rise again, this time targeting Truckstop users. While we've discussed these schemes in past newsletters, it's important to stay vigilant.
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Self-Driving Trucks To Haul Freight Between Indiana and Ohio

March 20, 2024
Kratos Defense & Security Solutions, a San Diego-based defense and security technology company, is making waves in the trucking industry. They've announced plans to deploy self-driving truck platoons on a major freight corridor between Ohio and Indiana later this year.
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February Freight Market Brings Mixed Results

March 18, 2024
In February, the US freight market presented a complex scenario, with both new carrier registrations and carrier exits on the rise. This duality revealed a shifting landscape influenced by the global pandemic's aftermath and the economy's fluctuations in demand, growth, decline, and gradual recovery.
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Container Shipments From China To Mexico Skyrocket in January

March 18, 2024
There's a boom in Chinese goods heading to Mexico. Shipments skyrocketed in January, with a near 60% increase compared to the same month last year. This makes it potentially the fastest growing trade lane in the world right now.
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CBP Officers Seize Meth Hidden In Pepper Shipment

March 18, 2024
U.S. Customs and Border Protection (CBP) officers at the Otay Mesa Cargo Facility in California intercepted a significant amount of methamphetamine hidden within a shipment of peppers and tomatillos.
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Could States Have New Power To Waive Truck Weight Limits?

March 18, 2024
Battle lines are being drawn over truck weight limits. The MOVE Act proposes giving states more freedom to waive weight limits during emergencies, but opponents fear it could become a backdoor for permanent increases.
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Three Trucking Companies Sue A-1 Towing For $5 Million

March 18, 2024
Three trucking companies in Memphis have filed a lawsuit against A-1's Towing, a local company, accusing them of deceitful tactics to unfairly target truck drivers.
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Transportation Rates Surge: Fastest Increase Since 2022 📈

March 08, 2024
The Transportation Prices Index (The LMI) surged to 57.6 in February 2024, marking its fastest growth since June 2022. This represents a 1.8 point increase from January's reading and suggests an acceleration out of the freight recession.
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Mexican Ports' Cargo Volumes Surge In January

March 08, 2024
Mexico's major ports experienced a significant surge in container volume during January, reflecting the country's growing importance as a trade hub.
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February U.S Container Import Volumes Decline

March 08, 2024
The latest Global Shipping Report from Descartes Systems Group revealed a mixed picture for U.S. container import volumes in February 2024.
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Active Freight Brokerage Authorities Continue Decline

March 08, 2024
The freight brokerage industry experienced a 9.2% year-over-year decline in February 2024.
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Weather Impacts Freight In CA and TX

March 06, 2024
Weather plays a critical role in the domestic movement of freight across the United States. Severe weather events like blizzards, hurricanes, and thunderstorms can disrupt transportation networks, causing road closures, port shutdowns, and flight cancellations. Recent events on I-80 along Donner Pass left hundreds of trucks stranded. Driver lives were in danger and millions of dollars worth of goods are stuck/spoiled.
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DHL Puts 50 Orange EV Yard Trucks To Work

March 06, 2024
DHL made headlines in 2015 as the first major company to introduce an all-electric class 8 yard truck into service. Fast forward to today, DHL boasts a fleet of 50 electric yard trucks from Orange EV in its logistics operations.
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Driver Sentenced For Mikes Hard Lemonade Heist

March 06, 2024
A New York truck driver's thirst for Mike's Hard Lemonade landed him behind bars. Kelvin Garcia Liriano, 28, from New Rochelle, New York, recently received a six-month prison sentence after pleading guilty to grand larceny in the second degree.
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Truck Drivers or Bakery Workers: SCOTUS Will Decide

March 04, 2024
Two truck drivers, Neal Bissonnette and Tyler Wojnarowski, are challenging the enforceability of arbitration agreements they signed with their employer, Flowers Foods, in a Supreme Court case. They claim Flowers withheld wages and violated overtime rules, but Flowers argues they must settle through arbitration as per the agreements.
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Most Expensive For Hire Trailer Mode In Feb 2024

March 04, 2024
As leap year February ended, we take a look at line-haul rates for different trailer types from Farelanes. This is a standard deviation measure which describes the variance of values around the core average.
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Mexico Nearshoring Boom Investment Nearing $26B In Early 2024

March 04, 2024
Mexico's economy is expecting a potential boost as foreign and domestic companies announced nearly $26 billion in planned investments in the first two months of 2024. This figure, based on a report by the Economy Ministry, suggests a promising future for the nation's economic landscape.
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Manufacturing Is Back On The Rise: PMI

March 04, 2024
The S&P Global U.S. Manufacturing Purchasing Managers' Index (PMI) rose to 52.2 in February
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Sysco Truck Driver Rescued From Dangling Semi In Kentucky

March 04, 2024
In Louisville, Kentucky, a tense rescue unfolded live on television as emergency responders saved a trucker whose vehicle teetered perilously off a bridge over the Ohio River.
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Kardashian Lemme Truck Stolen From CA Facility, Ransom Note

March 01, 2024
Reality TV star Kourtney Kardashian reportedly became the target of a daring heist last week, according to TMZ. A semi-truck carrying $4 million worth of her "Lemme" brand gummy vitamins was stolen from a logistics facility in the San Fernando Valley.
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GA Cargo Theft Investigation Turns Up $1 Million In Stolen Goods

March 01, 2024
Law enforcement in Effingham County, GA along with collaborating agencies, seized over $1 million worth of stolen goods during a cargo theft investigation.
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Kodiak, Martin Brower Testing Autonomous Reefer Route

March 01, 2024
Martin Brower, a food and beverage distributor, and Kodiak Robotics, a developer of self-driving truck technology, have partnered to deliver time-sensitive, refrigerated restaurant supplies between Texas and Oklahoma.
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Port of Long Beach Cargo Volumes Soar 18% in January

March 01, 2024
Cargo volumes at the Port of Long Beach soared to 674,015 total TEUs in January, reflecting an approximately 18% year-over-year increase as retailers rushed to fill warehouses ahead of the Lunar New Year holiday.
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Biagi Bros. Logistics Showcases Nikola Hydrogen Cell Semis

March 01, 2024
Shortly after Nikola announced the completion of the first North American deliveries of its hydrogen fuel cell electric semi trucks, Biagi Bros. Logistics took to social media to showcase its new fleet of Nikola trucks.
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Ikea Sues Convoy Over Unpaid Carriers; Contract Rates Revealed

February 28, 2024
The Ikea corporation has filed an interpleader lawsuit seeking guidance on who should receive payment for freight services amidst the fallout from the collapse of digital freight broker Convoy in October 2023.
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Carrier Review Of The Week: ITF Group LLC 🏆

February 28, 2024
Find the best carriers for your freight with CarrierSource! This week's carrier review highlights ITF Group LLC. Bringing trust to the logistics industry with authentic reviews alongside FMCSA safety, compliance, and insurance information.
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BNSF To Pay Truck Drivers $75 Million For Collecting Fingerprints

February 28, 2024
Railroad giant BNSF has settled a class-action lawsuit for tens of millions of dollars, resolving accusations that they violated Illinois' privacy laws. The lawsuit, filed by a group of over 46,500 truck drivers, claimed BNSF collected their fingerprints without proper consent.
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Lime Shipment Results In $3 Million In Cocaine Seized

February 28, 2024
U.S. Customs and Border Protection (CBP) officers at the Otay Mesa Commercial Facility seized over $3 million worth of cocaine hidden in a shipment of limes on Thursday.
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Family Dollar's Rat-Infested Warehouse Leads To $41 Million Fine

February 28, 2024
Family Dollar Stores, owned by Dollar Tree, has agreed to pay a hefty fine of $41.6 million for knowingly storing and shipping food, cosmetics, drugs, and medical devices from a warehouse in Arkansas that was infested with rodents for several years.
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$2 Million In Drugs Stashed With Shipment of Shelves

February 28, 2024
CBP officers in Tecate, California, uncovered over $2 million worth of drugs on Thursday. During a routine inspection of a box truck carrying "resin shelves," officers noticed anomalies and referred the vehicle for further examination.
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TX Factoring Company Files For Bankruptcy

February 26, 2024
Genesis Network Telecom (GNET), a San Antonio-based factoring company founded in 2005, filed for Chapter 7 bankruptcy liquidation on Wednesday.
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Cargo Theft Bust: Over $1.5 Million Worth Of Goods Recovered

February 26, 2024
In a major bust, Riverside County authorities uncovered a massive operation involving organized retail theft and trailer cargo theft. The raid, culminating from a multi-state investigation, led to the arrest of multiple individuals.
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J.B. Hunt Buying Walmart's Intermodal Assets

February 26, 2024
J.B. Hunt Transport Services has strengthened its ties with Walmart through a long-term intermodal agreement. This collaboration involves both companies committing to increased volume and capacity for intermodal transportation, reflecting their confidence in its efficiency.
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XPO Deploying EV Trucks In California

February 26, 2024
XPO intends to roll out its electric-powered straight trucks in San Pedro Bay starting in April.
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Einride Autonomous Truck Makes GE Deliveries

February 26, 2024
An Einride autonomous truck is currently transporting finished goods to a GE Appliances warehouse located in Selmer, Tennessee, a robot also loads and unloads the freight.
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How Cell Service Outages Impact The Freight Economy

February 23, 2024
Freight brokers and truckers using AT&T networks might be facing bumpy roads – not literally, but digitally. A widespread AT&T outage on Thursday caused issues with back-end TMS and visibility systems used by Motive, Samsara, and Trimble, according to reports.
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Record Breaking Meth Seized By CBP At Eagle Pass Port

February 23, 2024
In a record-breaking bust, U.S. Customs and Border Protection officers seized a staggering 6.5 tons of methamphetamine, valued at over $117 million, at the Camino Real International Bridge on February 18th.
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Flexport Relaunches Convoy App

February 23, 2024
Flexport has introduced the Convoy Platform, a tech solution providing global shippers with access to a marketplace of trucking capacity, including small carriers and owner-operators.
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US Ports Receive Funding For Cybersecurity Upgrades

February 23, 2024
The Biden administration will unveil a series of measures aimed at enhancing the cybersecurity of U.S. ports, crucial entry points for trade, which support 31 million jobs and contribute over $5.4 trillion to the U.S. economy.
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Trucking Owner Accused Of Helping Drivers Cheat CDL Test

February 23, 2024
The owner of an Illinois trucking company is facing federal charges of conspiracy for allegedly assisting individuals in cheating on the written portion of the commercial driver’s license exam.
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Apollo Advisory Group: Supply Chain Dreaming

February 22, 2024
Apollo Advisory Group is excited to announce its launch, spearheaded by industry veteran Alexander Folk. With a rich background in supply chain, including the successful sale of BBF Global Logistics to Armstrong Transportation, Alexander brings extensive expertise to the table.
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Denver Couple Found Guilty of Air Cargo Fraud Involving DoD

February 21, 2024
A Denver couple, Michael Aaron Tew (44) and Kimberly Ann Tew (42), have been found guilty of defrauding National Air Cargo, a logistics company supporting the Department of Defense, of a staggering $5 million.
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Carrier Review of the Week: Mone Transport 🏆

February 21, 2024
Carrier Review of the week presented by CarrierSource! CarrierSource helps you find the best carriers to move your freight. Bringing trust to the logistics industry with authentic reviews alongside FMCSA safety, compliance, and insurance information.
Read more.

Have Ocean Spot Rates Peaked?

February 21, 2024
In the initial six weeks following the Houthi attacks, the Global Composite Index, as reported by Drewry, surged by an impressive 170% to reach $3,732.70 per twenty-foot equivalent unit (TEU), marking the index's highest level since September 2022.
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Georgia Ports See Record Breaking Year With $50B In Trade

February 21, 2024
In 2023, exports from Georgia soared to a record-breaking $49.7 billion, marking the third consecutive year of growth, as reported by the state’s Department of Economic Development.
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